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Home My WebLink About2022-02 - Monthly Financial ReportPeriod Ending: Issued By: City of South Bend Monthly Financial Report Page(s) Contents 2Fund Guide 3 Narrative 4 - 5 Report of Changes in Cash Balance 6 - 8 Projected Cash Balance 9 - 12 Cash Reserves Summary 13 - 18 Revenue & Expense Summaries 19 - 24 Revenue by Type 25 - 28 Expenditures by Activity 29 - 30 Outstanding Debt 31 - 36 Employee Headcount Fund Summaries 37 - 57 General Fund 58 - 82 Public Works Funds 83 - 101 Public Safety Funds 102 - 119 Venues, Parks & Arts Funds 120 - 132 Department of Community Investment Funds 133 - 139 Internal Service Funds 140 - 152 Administrative Funds 153 - 167 Redevelopment Commission Controlled Funds Distribution Mayor Chief of Staff Deputy Chief of Staff Common Council Department Heads Fiscal Officers February 28, 2022 Controller's Office Page # General Fund Page # Venues, Parks & Arts Funds 37 101 General Fund 102 201 Parks & Recreation 103 273 Morris PAC / Palais Royale Marketing General Fund Departments/Divisions 104 274 Morris PAC Self-Promotion 38 Mayor 105 312 2017 Parks Bond Debt Service 39 Community Initiatives 106 401 Coveleski Stadium Capital 40 Community Police Review Office 107 413 Professional Sports Convention Develop. Area 41 City Clerk 108 416 Morris Performing Arts Center Capital 42 Common Council 109 450 Palais Royale Historic Preservation 43 Controller's Office 110 471 2017 Parks Bond Capital 44 Human Resources 111 601 Parking Garages 45 Diversity & Inclusion 112 602 Morris Performing Arts Center Operations 46 Human Rights 113 Morris PAC Historical Budget Summary 47 Legal Department 114 670 Century Center 48 Engineering 115 671 Century Center Capital 49 Office of Sustainability 116 672 Century Center Energy Conservation Debt Svc 50 AmeriCorps Grant Program 117 730 City Cemetery 51 Police Department 118 731 Bowman Cemetery 52 Police Crime Lab 119 757 2015 Parks Bond Debt Service 53 Fire Department 54 Emergency Medical Services Dept of Community Investment Funds 55 Fire Training Center 120 209 Studebaker-Oliver Revitalizing Grants 56 Morris Performing Arts Center 121 210 Economic Development State Grants 57 Palais Royale Ballroom 122 211 Dept of Community Investment Operating 123 212 Dept of Community Investment Grants Public Works Funds 124 219 Unsafe Building 58 202 Motor Vehicle Highway 125 221 Rental Units Regulation 59 266 MVH Restricted 126 230 Code Enforcement 60 Motor Vehicle Highway Combined Budget Summary 127 410 Urban Development Action Grant 61 251 Local Road & Street 128 600 Consolidated Building 62 257 LOIT Special Distribution 129 754 Industrial Revolving Fund 63 265 Local Road & Bridge Grant 130 756 2015 Smart Streets Bond Debt Service 64 412 Major Moves Construction 131 759 2017 Eddy Street Commons Bond Capital 65 455 2021 Infrastructure Bond Capital 132 760 2017 Eddy Street Commons Bond Debt Service 66 610 Solid Waste Operations 67 611 Solid Waste Capital Internal Service Funds 68 620 Water Works Operations 133 222 Central Services 69 622 Water Works Capital 134 224 Central Services Capital 70 624 Water Works Customer Deposit 135 226 Liability Insurance 71 625 Water Works Sinking (Debt Service)136 279 IT / Innovation / 311 Call Center 72 626 Water Works Bond Reserve 137 711 Self-Funded Employee Benefits 73 629 Water Works Operations & Maint. Reserve 138 713 Unemployment Compensation 74 640 Sewer Repair Insurance 139 714 Parental Leave 75 641 Sewage Works Operations 76 642 Sewage Works Capital Administrative Funds 77 643 Sewage Works Operations & Maint. Reserve 140 102 Rainy Day 78 649 Sewage Sinking (Debt Service)141 217 Gift, Donation, Bequest 79 653 Sewage Debt Service Reserve 142 227 Loss Recovery 80 654 Sewage Works Customer Deposit 143 258 Human Rights Federal Grants 81 655 Project ReLeaf 144 263 American Rescue Plan 82 667 Storm Sewer 145 264 COVID-19 Response 146 404 Local Income Tax - Certified Shares Public Safety Funds 147 406 Cumulative Capital Development 83 216 Police State Seizures 148 407 Cumulative Capital Improvement 84 218 Police Curfew Violations 149 408 Local Income Tax - Economic Development 85 220 Law Enforcement Continuing Education 150 750 Equipment/Vehicle Leasing 86 249 Local Income Tax - Public Safety 151 752 South Bend Redevelopment Authority 87 278 Take Home Vehicle Police 152 755 South Bend Building Corporation 88 280 Police Block Grants 89 287 Fire Department Capital Redevelopment Commission Controlled Funds 90 288 Emergency Medical Services Operating 153 324 TIF - River West Development Area 91 289 Haz-Mat 154 422 TIF - West Washington 92 291 Indiana River Rescue 155 429 TIF - River East Development Area (NE Dev) 93 292 Police Grants 156 430 TIF - Southside Development Area #1 94 294 Regional Police Academy 157 435 TIF - Douglas Road 95 295 COPS MORE Grant 158 436 TIF - River East Residential Area (NE Res) 96 299 Police Federal Drug Enforcement 159 315 Redevelopment Bond - Airport Taxable 97 350 2018 Fire Station #9 Bond Debt Service 160 328 Redevelopment Bond - Palais Royale 98 451 2018 Fire Station #9 Capital 161 351 2018 TIF Park Bond Debt Service Reserve 99 701 Fire Pension 162 352 2019 South Shore Double Tracking Bond Debt Svc 100 702 Police Pension 163 353 2020 TIF Library Bond Debt Service Reserve 101 705 Police K-9 Unit 164 433 Redevelopment General 165 439 Certified Technology Park 166 452 2018 TIF Park Bond Capital 167 454 Airport Urban Enterprise Zone 2 February 2022 Monthly Financial Report The City of South Bend developed the attached Monthly Financial Report to provide current year and prior year financial information for each City fund, as well as individual departments within various funds. Information is provided for revenue, expenditures, encumbrances, cash balances, outstanding debt, and current staffing levels. Report of Changes in Cash Balance (4 - 5) This report shows the year-to-date change in cash for each City fund by taking a fund’s beginning cash balance for the year, adding in actual revenues, and subtracting actual expenditures. Projected Cash Balance (6 - 8) The projected ending cash balance for each City fund is calculated by taking a fund’s beginning cash balance for the year, adding in estimated revenue, and subtracting budgeted expenditures. This shows what a fund's ending cash balance will be if all estimated revenue is collected and Cash Reserves Summary (9 - 12) 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 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. - Some funds have a set dollar amount as the reserve requirement, such as 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. - Debt service reserve funds are required to hold all reserves until the respective debt has been paid in full. The amount is often defined 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 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. Revenue & Expense Summaries (13 - 18) These summaries show the total revenue and expense by fund. Revenue by Type (19 - 24) This report shows the City's revenue collected by month and the total estimated revenue for the current year. Expenditures by Activity (25 - 28) This report shows the City's actuals expenditures by month and the total budgeted expenditures for the current year. Outstanding Debt (29 - 30) This report shows all of the City's outstanding debt. It details what the debt is for, when it was issued, original amount, the fund(s) repaying the debt, and the principal and interest payments due during the current year. Employee Headcount (31 - 36) This report shows the total number of full-time, permanent part-time, and seasonal/interns working for the City each month. It is broken down by City fund and by departments/divisions. It also shows the budgeted number of full-time employees. Fund Summaries (37 - 167) The fund summaries show the revenues and expenditures of each fund across years. The summaries include text boxes providing an explanation of revenues, expenditures, and spending on major capital projects. We hope that you find this Monthly Financial Report useful in better understanding the finances of the City of South Bend. If you have any questions regarding this report, please contact the Department of Administration & Finance by calling 311. 3 City of South Bend Report of Changes in Cash Balance January 1, 2022 through February 28, 2022 Beginning 2022 2022 Plus/(Minus)Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2022 Revenue Expenditures Adjustments (Deficit) 2/28/2022 Requirement Reserve Req. City Controlled Funds 101 General Fund 54,208,073 5,904,839 11,583,569 246,476 (5,432,254) 48,775,819 39,933,603 8,842,216 Special Revenue Funds 102 Rainy Day 10,910,077 8,401 - - 8,401 10,918,479 8,717,131 2,201,347 201 Parks & Recreation 5,865,858 1,017,354 2,619,816 53,200 (1,549,262) 4,316,596 4,616,399 (299,803) 202 Motor Vehicle Highway 4,772,416 1,492,015 2,162,642 30,982 (639,644) 4,132,771 2,943,413 1,189,358 209 Studebaker-Oliver Revitalizing Grants 692,248 533 - - 533 692,781 - - 210 Economic Development State Grants 26,876 5,670 5,649 - 21 26,896 - - 211 Dept of Community Investment Operating 394,125 174,878 530,255 6,002 (349,375) 44,751 - - 212 Dept of Community Investment Grants 409,818 67,792 156,924 1,113 (88,019) 321,798 - - 216 Police State Seizures 173,825 134 - - 134 173,959 11,125 162,834 217 Gift, Donation, Bequest 978,522 106,969 67,504 3,902 43,367 1,021,889 - - 218 Police Curfew Violations 13,880 8 13,888 - (13,880) - - - 219 Unsafe Building 764,981 4,534 2,210 - 2,324 767,306 - - 220 Law Enforcement Continuing Education 378,981 380,590 100,101 30,430 310,918 689,899 85,142 604,757 221 Rental Units Regulation 87,416 1,065 21,715 (250) (20,899) 66,517 - - 227 Loss Recovery 414,099 319 - - 319 414,418 - - 230 Code Enforcement 497,492 365,326 555,949 3,799 (186,823) 310,669 - - 249 Local Income Tax - Public Safety 3,844,465 1,453,760 1,952,160 - (498,400) 3,346,065 - - 251 Local Road & Street 2,349,376 348,508 22,360 1,430 327,577 2,676,954 - - 257 LOIT Special Distribution 245,630 189 - - 189 245,819 - - 258 Human Rights Federal Grants 426,544 4,493 30,041 50 (25,499) 401,046 - - 263 American Rescue Plan 29,536,642 22,376 1,888,690 - (1,866,314) 27,670,328 - - 264 COVID-19 Response - 57,024 98,304 - (41,280) (41,280) - - 265 Local Road & Bridge Grant 704,875 543 197,847 - (197,304) 507,571 - - 266 MVH Restricted 2,042,332 504,708 45,097 5,023 464,634 2,506,966 - - 273 Morris PAC / Palais Royale Marketing 74,809 43 74,852 - (74,809) - - - 274 Morris PAC Self-Promotion 264,010 150 264,160 - (264,010) - - - 280 Police Block Grants 4,162 2 4,165 - (4,162) - - - 289 Haz-Mat 28,102 22 - - 22 28,124 2,500 25,624 291 Indiana River Rescue 360,311 16,883 29,246 5,273 (7,090) 353,221 24,840 328,381 292 Police Grants 26,716 - 26,716 - (26,716) - - - 294 Regional Police Academy 146,328 83 146,411 - (146,328) - - - 295 COPS MORE Grant 45,349 30 24,566 - (24,536) 20,813 - - 299 Police Federal Drug Enforcement 60,237 19,018 - - 19,018 79,256 7,125 72,131 404 Local Income Tax - Certified Shares 18,631,245 1,570,743 3,105,670 342,038 (1,192,889) 17,438,356 8,590,792 8,847,564 408 Local Income Tax - Economic Development 24,795,353 2,032,944 1,623,774 384,303 793,473 25,588,826 9,453,929 16,134,897 410 Urban Development Action Grant 27,182 4,398 6,000 - (1,602) 25,581 - - 655 Project ReLeaf 282,057 76,426 68,022 (4,891) 3,512 285,569 112,427 173,142 705 Police K-9 Unit 2,435 1 2,436 - (2,435) - - - 730 City Cemetery 30,218 23 - - 23 30,242 - - 731 Bowman Cemetery 475,369 366 - - 366 475,735 400,000 75,735 754 Industrial Revolving Fund 3,700,843 773,795 2,395,975 50,855 (1,571,325) 2,129,518 - - Total Special Revenue Funds 114,485,206 10,512,117 18,243,146 913,260 (6,817,769) 107,667,437 34,964,823 29,515,967 Debt Service Funds 312 2017 Parks Bond Debt Service 184,163 105 572,683 - (572,578) (388,415) - - 350 2018 Fire Station #9 Bond Debt Service - 172,866 172,866 - - - - - 672 Century Center Energy Conservation Debt Svc 196,702 221,598 - - 221,598 418,300 - - 752 South Bend Redevelopment Authority 242,425 1,233,009 1,231,178 - 1,831 244,256 244,256 - 755 South Bend Building Corporation 224,375 1,238,261 1,388,778 - (150,516) 73,859 73,859 - 756 2015 Smart Streets Bond Debt Service 1,742,699 858,017 853,784 - 4,233 1,746,931 1,746,931 - 757 2015 Parks Bond Debt Service 587,763 61,810 187,141 - (125,330) 462,433 462,433 - 760 2017 Eddy Street Commons Bond Debt Service 3,668,611 962,656 962,625 - 31 3,668,643 2,500,000 1,168,643 Total Debt Service Funds 6,846,739 4,748,323 5,369,054 - (620,731) 6,226,008 5,027,480 1,168,643 Capital Funds 287 Fire Department Capital 2,758,339 349,970 567,083 - (217,113) 2,541,225 - - 401 Coveleski Stadium Capital 814 1 6,962 6,962 1 815 - - 406 Cumulative Capital Development 286,746 213 52,050 - (51,837) 234,909 - - 407 Cumulative Capital Improvement 651,096 497 39,891 - (39,394) 611,703 - - 412 Major Moves Construction 1,889,193 248,119 867 - 247,252 2,136,445 - - 413 Professional Sports Convention Development Area 775,632 490,688 664,810 9,810 (164,312) 611,320 - - 416 Morris Performing Arts Center Capital 1,912,926 1,471 17,030 - (15,559) 1,897,367 - - 450 Palais Royale Historic Preservation 93,481 1,307 - - 1,307 94,788 - - 451 2018 Fire Station #9 Bond Capital 316,090 243 - - 243 316,333 - - 455 2021 Infrastructure Bond Capital 3,836,482 2,954 33,466 4,000 (26,512) 3,809,970 - - 471 2017 Parks Bond Capital 4,259,726 3,280 111,492 1,600 (106,612) 4,153,114 - - 750 Equipment/Vehicle Leasing 347,697 - - - - 347,697 - - 759 2017 Eddy Street Commons Bond Capital 25,763 0 - - 0 25,763 - - Total Capital Funds 17,153,985 1,098,743 1,493,651 22,372 (372,536) 16,781,449 - - 4 City of South Bend Report of Changes in Cash Balance January 1, 2022 through February 28, 2022 Beginning 2022 2022 Plus/(Minus)Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2022 Revenue Expenditures Adjustments (Deficit) 2/28/2022 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,102,372 189,054 317,241 72 (128,115) 1,974,257 511,713 1,462,543 601 Parking Garages 907,380 144,775 253,936 118,264 9,102 916,482 353,374 563,108 602 Morris Performing Arts Center Operations - 1,006,849 193,647 2,455 815,657 815,657 168,358 647,299 610 Solid Waste Operations 906,471 1,034,862 1,281,552 18,710 (227,980) 678,490 710,676 (32,186) 611 Solid Waste Capital 779,163 316,421 203,562 - 112,859 892,022 - - 620 Water Works Operations 6,550,457 3,017,076 4,431,032 183,765 (1,230,190) 5,320,266 1,210,680 4,109,586 622 Water Works Capital 9,672,979 676,292 130,912 13,924 559,304 10,232,283 - - 624 Water Works Customer Deposit 1,279,314 - - 5,675 5,675 1,284,989 1,284,989 - 625 Water Works Sinking (Debt Service)- 443,738 500 - 443,238 443,238 - - 626 Water Works Bond Reserve 1,422,804 1 - - 1 1,422,805 1,422,805 - 629 Water Works Operations & Maintenance Reserve 2,912,652 15,296 - - 15,296 2,927,948 2,927,948 - 640 Sewer Repair Insurance 2,003,861 117,734 107,241 272 10,765 2,014,625 188,267 1,826,358 641 Sewage Works Operations 13,825,371 7,111,553 8,132,203 (265,218) (1,285,868) 12,539,503 2,277,325 10,262,178 642 Sewage Works Capital 14,359,708 814,591 - 12,366 826,957 15,186,665 - - 643 Sewage Works Operations & Maintenance Reserve 5,550,801 - - - - 5,550,801 5,130,094 420,707 649 Sewage Sinking (Debt Service)- 1,846,514 1,100 - 1,845,414 1,845,414 - - 653 Sewage Debt Service Reserve 3,749,760 - - - - 3,749,760 3,749,760 - 654 Sewage Works Customer Deposit 903,840 - - 38,481 38,481 942,321 942,321 - 667 Storm Sewer 1,604,154 171,796 12,468 (8,612) 150,717 1,754,871 - - 670 Century Center Operations 194,350 1,309,488 527,558 30,796 812,725 1,007,075 1,023,739 (16,664) 671 Century Center Capital 983,710 16 - - 16 983,726 800,000 183,726 Total Enterprise Funds 69,709,146 18,216,056 15,592,952 150,949 2,774,053 72,483,199 22,702,050 72,483,199 Internal Service Funds 222 Central Services 658,666 1,378,138 1,590,543 229,300 16,895 675,561 887,373 (211,812) 226 Liability Insurance 6,100,867 567,880 300,792 26,776 293,864 6,394,730 2,801,539 3,593,191 278 Police Take Home Vehicle 698,546 6,178 - - 6,178 704,724 750,000 (45,276) 279 IT / Innovation / 311 Call Center 3,482,865 1,800,765 1,655,714 112,378 257,430 3,740,295 - - 711 Self-Funded Employee Benefits 10,786,414 3,024,482 2,619,118 7,300 412,665 11,199,079 4,599,966 6,599,113 713 Unemployment Compensation - 13,613 2,236 2,236 13,613 13,613 20,000 (6,387) 714 Parental Leave 226,711 39,488 15,859 - 23,629 250,339 20,308 230,032 Total Internal Service Funds 21,954,068 6,830,545 6,184,261 377,990 1,024,274 22,978,342 9,079,185 10,158,861 Fiduciary Funds 701 Fire Pension 420,180 4,177 687,267 131 (682,960) (262,780) 458,389 (721,169) 702 Police Pension 560,923 1,858 1,009,709 131 (1,007,720) (446,797) 605,774 (1,052,571) 718 State Tax Withholding Fund 795,612 - - 1,098,341 1,098,341 1,893,953 1,893,953 - 725 Morris / Palais Box Office 791,599 - - 361,159 361,159 1,152,758 1,152,758 - 726 Police Distributions Payable 1,641,403 - - (643,756) (643,756) 997,647 997,647 - Total Fiduciary Funds 4,209,716 6,034 1,696,977 816,007 (874,936) 3,334,780 5,108,520 (1,773,740) Total City Controlled Funds 288,566,933 47,316,658 60,163,610 2,527,053 (10,319,899) 278,247,034 116,815,662 120,395,146 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 33,713,041 185,766 4,739,625 118,661 (4,435,198) 29,277,843 - - 422 TIF - West Washington 1,235,031 951 - - 951 1,235,982 - - 429 TIF - River East Development Area (NE Dev)9,506,445 24,169 110,473 81,420 (4,884) 9,501,562 - - 430 TIF - Southside Development Area #1 14,473,182 11,143 53,000 - (41,857) 14,431,324 - - 435 TIF - Douglas Road 257,579 163 178,553 - (178,390) 79,189 - - 436 TIF - River East Residential Area (NE Res)5,429,968 3,742 2,442,289 - (2,438,547) 2,991,421 - - Total Tax Increment Financing Funds 64,615,246 225,934 7,523,940 200,081 (7,097,926) 57,517,321 - - Redevelopment Funds 433 Redevelopment General 3,187,994 2,448 113,675 - (111,227) 3,076,768 82,446 2,994,322 439 Certified Technology Park 11,145 9 - - 9 11,154 - - 452 2018 TIF Park Bond Capital 2,433,236 1,874 - - 1,874 2,435,109 - - 454 Airport Urban Enterprise Zone 410,393 316 - - 316 410,709 - - Total Redevelopment Funds 6,042,769 4,646 113,675 - (109,029) 5,933,740 82,446 2,994,322 Debt Service Funds 315 Airport 2003 Debt Reserve 1,040,462 - - - - 1,040,462 1,040,462 - 328 SBCDA 2003 Debt Reserve 1,739,495 - - - - 1,739,495 1,739,495 - 351 2018 TIF Park Bond Debt Service 1,035,750 798 - - 798 1,036,547 1,036,547 - 352 2019 South Shore Double Tracking Debt Service 9,443 518,501 516,625 - 1,876 11,319 11,319 - 353 2020 TIF Library Bond Debt Service Reserve 326,944 3 8 - (5) 326,939 326,939 - Total Debt Service Funds 4,152,094 519,302 516,633 - 2,668 4,154,762 4,154,762 - Total Redevelopment Commission Funds 74,810,109 749,882 8,154,248 200,081 (7,204,286) 67,605,823 4,237,208 2,994,322 Grand Total 363,377,042 48,066,540 68,317,859 2,727,134 (17,524,185) 345,852,857 121,052,870 123,389,468 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL 5 Beginning 2022 2022 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2022 Revenue Expenditures Adjustments (Deficit) 12/31/2022 City Controlled Funds 101 General Fund 54,208,073 73,217,282 114,096,009 - (40,878,727) 13,329,347 Special Revenue Funds 102 Rainy Day 10,910,077 99,340 - - 99,340 11,009,417 201 Parks & Recreation 5,865,858 16,484,004 18,465,596 - (1,981,592) 3,884,266 202 Motor Vehicle Highway 4,772,416 9,852,398 11,773,651 - (1,921,253) 2,851,162 209 Studebaker-Oliver Revitalizing Grants 692,248 5,942 262,443 - (256,501) 435,747 210 Economic Development State Grants 26,876 568,361 595,236 - (26,875) 1 211 Dept of Community Investment Operating 394,125 5,484,915 5,759,541 - (274,626) 119,499 212 Dept of Community Investment Grants 409,818 9,033,557 9,443,375 - (409,818) - 216 Police State Seizures 173,825 5,896 44,500 - (38,604) 135,221 217 Gift, Donation, Bequest 978,522 56,270 650,289 - (594,019) 384,503 218 Police Curfew Violations 13,880 - 18,799 4,919 (13,880) - 219 Unsafe Building 764,981 70,871 23,000 - 47,871 812,852 220 Law Enforcement Continuing Education 378,981 757,462 340,568 - 416,894 795,875 221 Rental Units Regulation 87,416 404,123 450,794 - (46,671) 40,745 227 Loss Recovery 414,099 3,769 - - 3,769 417,868 230 Code Enforcement 497,492 4,765,730 5,014,435 - (248,705) 248,787 249 Local Income Tax - Public Safety 3,844,465 8,836,957 12,689,047 7,625 (3,844,465) - 251 Local Road & Street 2,349,376 2,783,569 3,656,900 - (873,331) 1,476,045 257 LOIT Special Distribution 245,630 543 56,950 - (56,407) 189,223 258 Human Rights Federal Grants 426,544 155,250 248,783 - (93,533) 333,012 263 American Rescue Plan 29,536,642 29,455,024 13,510,000 - 15,945,024 45,481,666 264 COVID-19 Response - 790,735 790,735 - - - 265 Local Road & Bridge Grant 704,875 2,001,049 2,923,443 - (922,394) (217,519) 266 MVH Restricted 2,042,332 3,975,285 5,147,306 - (1,172,021) 870,312 273 Morris PAC / Palais Royale Marketing 74,809 - 100,000 25,191 (74,809) - 274 Morris PAC Self-Promotion 264,010 - 410,000 145,990 (264,010) - 280 Police Block Grants 4,162 - 4,338 176 (4,162) - 289 Haz-Mat 28,102 10,256 10,000 - 256 28,358 291 Indiana River Rescue 360,311 92,991 99,359 - (6,368) 353,943 292 Police Grants 26,716 - 26,716 - (26,716) - 294 Regional Police Academy 146,328 - 175,000 28,672 (146,328) - 295 COPS MORE Grant 45,349 - 145,808 100,459 (45,349) - 299 Police Federal Drug Enforcement 60,237 44,697 28,500 - 16,197 76,434 404 Local Income Tax - Certified Shares 18,631,245 11,009,098 17,181,584 - (6,172,486) 12,458,759 408 Local Income Tax - Economic Development 24,795,353 12,752,855 18,907,859 - (6,155,004) 18,640,350 410 Urban Development Action Grant 27,182 22,261 24,000 - (1,739) 25,443 655 Project ReLeaf 282,057 453,854 449,708 - 4,146 286,203 705 Police K-9 Unit 2,435 - 2,520 85 (2,435) - 730 City Cemetery 30,218 273 - - 273 30,491 731 Bowman Cemetery 475,369 4,328 - - 4,328 479,697 754 Industrial Revolving Fund 3,700,843 174,000 4,918,709 - (4,744,709) (1,043,867) Total Special Revenue Funds 114,485,206 120,155,663 134,349,490 313,117 (13,880,710) 100,604,493 Debt Service Funds 312 2017 Parks Bond Debt Service 184,163 1,150,804 1,169,368 - (18,564) 165,599 350 2018 Fire Station #9 Bond Debt Service - 344,157 344,157 - - - 672 Century Center Energy Conservation Debt Svc 196,702 404,367 402,368 - 1,999 198,701 752 South Bend Redevelopment Authority 242,425 2,867,750 2,859,282 - 8,468 250,893 755 South Bend Building Corporation 224,375 2,578,500 2,562,480 - 16,020 240,395 756 2015 Smart Streets Bond Debt Service 1,742,699 1,716,000 1,711,694 - 4,306 1,747,005 757 2015 Parks Bond Debt Service 587,763 375,106 372,557 - 2,549 590,312 760 2017 Eddy Street Commons Bond Debt Service 3,668,611 1,928,125 1,926,375 - 1,750 3,670,361 Total Debt Service Funds 6,846,739 11,364,809 11,348,281 - 16,528 6,863,266 City of South Bend Based on 2022 Amended Budget as of February 28, 2022 Projected Cash Balance 6 Beginning 2022 2022 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2022 Revenue Expenditures Adjustments (Deficit) 12/31/2022 City of South Bend Based on 2022 Amended Budget as of February 28, 2022 Projected Cash Balance Capital Funds 287 Fire Department Capital 2,758,339 4,231,873 6,798,339 - (2,566,466) 191,873 401 Coveleski Stadium Capital 814 25,109 25,715 - (606) 208 406 Cumulative Capital Development 286,746 514,423 512,428 - 1,995 288,741 407 Cumulative Capital Improvement 651,096 243,166 489,341 - (246,175) 404,921 412 Major Moves Construction 1,889,193 496,809 1,789,238 - (1,292,429) 596,764 413 Professional Sports Convention Development Area 775,632 1,500,000 2,304,900 - (804,900) (29,268) 416 Morris Performing Arts Center Capital 1,912,926 506,811 8,116,710 - (7,609,899) (5,696,973) 450 Palais Royale Historic Preservation 93,481 8,247 35,000 - (26,753) 66,728 451 2018 Fire Station #9 Bond Capital 316,090 - - - - 316,090 455 2021 Infrastructure Bond Capital 3,836,482 - 3,815,260 - (3,815,260) 21,222 471 2017 Parks Bond Capital 4,259,726 4,801 4,264,527 - (4,259,726) - 750 Equipment/Vehicle Leasing 347,697 - - - - 347,697 759 2017 Eddy Street Commons Bond Capital 25,763 - - - - 25,763 Total Capital Funds 17,153,985 7,531,239 28,151,458 - (20,620,219) (3,466,234) Enterprise Funds 600 Consolidated Building 2,102,372 1,603,384 2,046,854 - (443,470) 1,658,902 601 Parking Garages 907,380 965,795 1,413,495 - (447,700) 459,680 602 Morris Performing Arts Center Operations - 2,203,607 1,683,579 - 520,028 520,028 610 Solid Waste Operations 906,471 6,443,200 7,106,763 - (663,563) 242,908 611 Solid Waste Capital 779,163 2,554,161 3,333,296 - (779,135) 28 620 Water Works Operations 6,550,457 21,470,434 24,213,606 - (2,743,172) 3,807,285 622 Water Works Capital 9,672,979 4,183,877 12,735,287 - (8,551,410) 1,121,569 624 Water Works Customer Deposit 1,279,314 - - - - 1,279,314 625 Water Works Sinking (Debt Service)- 2,662,430 2,662,430 - - - 626 Water Works Bond Reserve 1,422,804 - - - - 1,422,804 629 Water Works Operations & Maintenance Reserve 2,912,652 15,296 - - 15,296 2,927,948 640 Sewer Repair Insurance 2,003,861 675,520 753,069 - (77,549) 1,926,312 641 Sewage Works Operations 13,825,371 38,878,186 45,546,498 - (6,668,312) 7,157,059 642 Sewage Works Capital 14,359,708 4,211,952 14,614,348 - (10,402,396) 3,957,312 643 Sewage Works Operations & Maintenance Reserve 5,550,801 - - - - 5,550,801 649 Sewage Sinking (Debt Service)- 11,079,089 11,079,089 - - - 653 Sewage Debt Service Reserve 3,749,760 36,647 - - 36,647 3,786,407 654 Sewage Works Customer Deposit 903,840 - - - - 903,840 667 Storm Sewer 1,604,154 1,151,372 2,271,456 - (1,120,084) 484,070 670 Century Center Operations 194,350 4,125,935 4,094,958 - 30,977 225,327 671 Century Center Capital 983,710 1,000 35,000 - (34,000) 949,710 Total Enterprise Funds 69,709,146 102,261,885 133,589,727 - (31,327,842) 38,381,304 Internal Service Funds 222 Central Services 658,666 8,878,391 8,873,729 - 4,662 663,327 226 Liability Insurance 6,100,867 3,398,847 5,603,078 - (2,204,231) 3,896,636 278 Police Take Home Vehicle 698,546 11,154 50,000 - (38,846) 659,700 279 IT / Innovation / 311 Call Center 3,482,865 9,689,729 10,643,243 - (953,514) 2,529,351 711 Self-Funded Employee Benefits 10,786,414 16,625,249 18,399,864 - (1,774,615) 9,011,799 713 Unemployment Compensation - 105,726 80,000 - 25,726 25,726 714 Parental Leave 226,711 258,703 253,846 - 4,857 231,568 Total Internal Service Funds 21,954,068 38,967,799 43,903,760 - (4,935,961) 17,018,107 Fiduciary Funds 701 Fire Pension 420,180 4,521,270 4,583,888 - (62,618) 357,562 702 Police Pension 560,923 6,064,050 6,057,740 - 6,310 567,233 Total Fiduciary Funds 981,103 10,585,320 10,641,628 - (56,308) 924,795 Total City Controlled Funds 285,338,320 364,083,997 476,080,353 313,117 (111,683,238) 173,655,078 7 Beginning 2022 2022 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2022 Revenue Expenditures Adjustments (Deficit) 12/31/2022 City of South Bend Based on 2022 Amended Budget as of February 28, 2022 Projected Cash Balance Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 33,713,041 18,274,531 22,956,292 - (4,681,761) 29,031,280 422 TIF - West Washington 1,235,031 293,562 228,561 - 65,001 1,300,032 429 TIF - River East Development Area (NE Dev)9,506,445 3,850,354 6,067,301 - (2,216,947) 7,289,498 430 TIF - Southside Development Area #1 14,473,182 1,885,035 7,611,164 - (5,726,129) 8,747,053 435 TIF - Douglas Road 257,579 169,511 254,036 - (84,525) 173,055 436 TIF - River East Residential Area (NE Res)5,429,968 6,032,047 4,921,704 - 1,110,343 6,540,311 Total Tax Increment Financing Funds 64,615,246 30,505,040 42,039,058 - (11,534,018) 53,081,229 Redevelopment Funds 433 Redevelopment General 3,187,994 1,181,072 329,783 - 851,289 4,039,283 439 Certified Technology Park 11,145 101 - - 101 11,246 452 2018 TIF Park Bond Capital 2,433,236 - 2,389,024 - (2,389,024) 44,212 454 Airport Urban Enterprise Zone 410,393 2 - - 2 410,395 Total Redevelopment Funds 6,042,769 1,181,175 2,718,807 - (1,537,632) 4,505,136 Debt Service Funds 315 Airport 2003 Debt Reserve 1,040,462 - - - - 1,040,462 328 SBCDA 2003 Debt Reserve 1,739,495 - - - - 1,739,495 351 2018 TIF Park Bond Debt Service 1,035,750 9,357 - - 9,357 1,045,107 352 2019 South Shore Double Tracking Debt Service 9,443 1,035,010 1,029,750 - 5,260 14,703 353 2020 TIF Library Bond Debt Service Reserve 326,944 10 - - 10 326,954 Total Debt Service Funds 4,152,094 1,044,377 1,029,750 - 14,627 4,166,721 Total Redevelopment Commission Funds 74,810,109 32,730,592 45,787,614 - (13,057,022) 61,753,086 Grand Total 360,148,428 396,814,589 521,867,967 313,117 (124,740,261) 235,408,165 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL 8 City of South Bend* NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrancesCash Reserves Summary by Fund Status CashActualFundFund NameCash OutstandingAvailable Reserve% ofBalance Encumb. Cash * Requirement Variance BudgetNotesCash Reserve PolicyUnder Reserve Requirement201 Parks & Recreation4,316,596 1,144,547 3,172,049 4,616,399 (1,444,350) 17% Property tax distribution received in June & Dec25% of Annual expenditures202 Motor Vehicle Highway4,132,771 1,373,491 2,759,281 2,943,413 (184,132) 23% Planned increase in spending towards street improvements 25% of Annual expenditures222 Central Services675,561 53,231 622,330 887,373 (265,043) 7% Charges for services came in under budget10% of Annual expenditures278 Police Take Home Vehicle704,724 - 704,724 750,000 (45,276) 1409%One large claim in 2019, continuing to build cash reserves back upSet dollar amount of $750,000610 Solid Waste Operations678,490 916,240 (237,749) 710,676 (948,425) -3% Slightly under reserve requirement10% of Annual expenditures670 Century Center Operations1,007,075 29,009 978,066 1,023,739 (45,673) 24% Slightly under reserve requirement25% of Annual expenditures701 Fire Pension(262,780) 3,500 (266,280) 458,389 (724,669) -6% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension(446,797) 3,500 (450,297) 605,774 (1,056,071) -7% Pension payments received in June & Sept10% of Annual expenditures713 Unemployment Compensation13,613 - 13,613 20,000 (6,387) 17% Higher claims than anticipated25% of Annual expendituresUnder Reserve Requirement Total10,819,254$ 3,523,517$ 7,295,737$ 12,015,763$ (4,720,026)$ Meets or Exceeds Requirement101 General Fund48,775,819 2,950,179 45,825,640 39,933,603 5,892,037 40% Property tax distribution received in June & Dec35% of Annual expenditures102Rainy Day10,918,479 - 10,918,479 8,717,131 2,201,347 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out216 Police State Seizures173,959 - 173,959 11,125 162,834 391%25% of Annual expenditures220 Law Enforcement Continuing Education 689,899 68,278 621,621 85,142 536,479 183%25% of Annual expenditures226 Liability Insurance6,394,730 547,025 5,847,705 2,801,539 3,046,167 104%50% of Annual expenditures289 Haz-Mat28,124 - 28,124 2,500 25,624 281%25% of Annual expenditures291 Indiana River Rescue353,221 13,620 339,601 24,840 314,761 342%25% of Annual expenditures299 Police Federal Drug Enforcement79,256 - 79,256 7,125 72,131 278%25% of Annual expenditures315 Airport 2003 Debt Reserve1,040,462 - 1,040,462 1,040,462 - 100%100% debt service reserve per bond covenants328 SBCDA 2003 Debt Reserve1,739,495 - 1,739,495 1,739,495 - 100%100% debt service reserve per bond covenants351 2018 TIF Park Bond Debt Service1,036,547 - 1,036,547 1,036,547 - 100% 100% debt service reserve per bond covenants3522019 South Shore Double Tracking Debt Service11,319 - 11,319 11,319 - 100%100% debt service reserve per bond covenants3532020 TIF Library Bond Debt Service Reserve326,939 - 326,939 326,939 - 100%100% debt service reserve per bond covenants404 Local Income Tax - Certified Shares17,438,356 4,647,650 12,790,707 8,590,792 4,199,915 74%50% of Annual expenditures408Local Income Tax - Economic Development25,588,826 4,309,925 21,278,902 9,453,929 11,824,972 113%50% of Annual expenditures433 Redevelopment General3,076,768 171,608 2,905,160 82,446 2,822,714 881%25% of Annual expenditures600 Consolidated Building1,974,257 944 1,973,313 511,713 1,461,599 96%25% of Annual expenditures601 Parking Garages916,482 302,308 614,174 353,374 260,800 43%25% of Annual expenditures602 Morris Performing Arts Center Operations 815,657 16,859 798,798 168,358 630,440 47%10% of Annual expendituresFebruary 28, 20229 City of South Bend* NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrancesCash Reserves Summary by Fund Status CashActualFundFund NameCash OutstandingAvailable Reserve% ofBalance Encumb. Cash * Requirement Variance BudgetNotesCash Reserve PolicyFebruary 28, 2022620 Water Works Operations5,320,266 873,025 4,447,242 1,210,680 3,236,561 18%5% of Annual expenditures624 Water Works Customer Deposit1,284,989 - 1,284,989 1,284,989 - 100%100% cash reserves for customer deposits626 Water Works Bond Reserve1,422,805 - 1,422,805 1,422,805 - 100%100% cash reserves per bond covenants629Water Works Operations & Maintenance Reserve2,927,948 - 2,927,948 2,927,948 - 17%16.67% of annual operating expenses in Fund 620, net of transfers640 Sewer Repair Insurance2,014,625 3,951 2,010,674 188,267 1,822,407 267%25% of Annual expenditures641 Sewage Works Operations12,539,503 3,860,271 8,679,232 2,277,325 6,401,907 19%5% of Annual expenditures643Sewage Works Operations & Maintenance Reserve5,550,801 - 5,550,801 5,130,094 420,707 18% 16.67% of annual operating expenses in Fund 641, net of transfers653 Sewage Debt Service Reserve3,749,760 - 3,749,760 3,749,760 - 100%100% cash reserves per bond covenants654 Sewage Works Customer Deposit942,321 - 942,321 942,321 - 100%100% cash reserves for customer deposits655 Project ReLeaf285,569 - 285,569 112,427 173,142 64%25% of Annual expenditures671 Century Center Capital983,726 - 983,726 800,000 183,726 2811%$800,000 Minimum per Board of Managers711 Self-Funded Employee Benefits11,199,079 59,759 11,139,320 4,599,966 6,539,354 61%25% of Annual expenditures714 Parental Leave250,339 - 250,339 20,308 230,032 99%8% of Annual expenditures - one month reserve718 State Tax Withholding Fund1,893,953 - 1,893,953 1,893,953 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office1,152,758 - 1,152,758 1,152,758 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable997,647 - 997,647 997,647 - 100%100% cash reserves - trust & agency funds730 City Cemetery30,242 - 30,242 - 30,242 100%25% of Annual expenditures731 Bowman Cemetery475,735 - 475,735 400,000 75,735 100%$400,000 minimum752 South Bend Redevelopment Authority244,256 - 244,256 244,256 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation73,859 - 73,859 73,859 - 100%100% cash reserves per bond covenants756 2015 Smart Streets Bond Debt Service1,746,931 - 1,746,931 1,746,931 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service462,433 - 462,433 462,433 - 100%100% cash reserves per bond covenants7602017 Eddy Street Commons Bond Debt Service3,668,643 - 3,668,643 2,500,000 1,168,643 190%$2,500,000 minimumMeets or Exceeds Requirement Total 180,596,784$ 17,825,401$ 162,771,383$ 109,037,107$ 53,734,276$ 10 City of South Bend* NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrancesCash Reserves Summary by Fund Status CashActualFundFund NameCash OutstandingAvailable Reserve% ofBalance Encumb. Cash * Requirement Variance BudgetNotesCash Reserve PolicyFebruary 28, 2022No Reserve Requirement209 Studebaker-Oliver Revitalizing Grants 692,781 52,824 639,957 - 639,957 100%No reserve requirement - Grant fund - spend down to zero210 Economic Development State Grants 26,896 113,957 (87,061) - (87,061) 100% Reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero211 Dept of Community Investment Operating 44,751 298,409 (253,659) - (253,659) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement212 Dept of Community Investment Grants 321,798 3,712,223 (3,390,425) - (3,390,425) 100% Reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 1,021,889 236,779 785,110 - 785,110 100% No reserve requirement219 Unsafe Building 767,306 17,790 749,516 - 749,516 100% No reserve requirement221 Rental Units Regulation 66,517 99,686 (33,170) - (33,170) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement227 Loss Recovery 414,418 - 414,418 - 414,418 100% No reserve requirement230 Code Enforcement 310,669 253,787 56,882 - 56,882 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement249 Local Income Tax - Public Safety 3,346,065 - 3,346,065 - 3,346,065 100% No reserve requirement251 Local Road & Street 2,676,954 915,940 1,761,013 - 1,761,013 100% No reserve requirement257 LOIT Special Distribution 245,819 56,950 188,869 - 188,869 100%No reserve requirement - one-time distribution - spend down to zero258 Human Rights Federal Grants 401,046 24,333 376,712 - 376,712 100%No reserve requirement - Grant fund - spend down to zero263 American Rescue Plan27,670,328 178,200 27,492,128 - 27,492,128 100%No reserve requirement - Grant fund - spend down to zero264 COVID-19 Response(41,280) 894,185 (935,465) - (935,465) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero265 Local Road & Bridge Grant507,571 1,271,724 (764,153) - (764,153) 100%Reimbursed through interfund transfer to cover matching portionNo reserve requirement - Grant fund - spend down to zero266 MVH Restricted2,506,966 974,250 1,532,716 - 1,532,716 100%No reserve requirement279 IT / Innovation / 311 Call Center3,740,295 1,928,898 1,811,397 - 1,811,397 100% Reimbursed through interfund allocationNo reserve requirement287 Fire Department Capital2,541,225 2,224,466 316,759 - 316,759 100%No reserve requirement - Capital fund - spend down to zero295 COPS MORE Grant20,813 20,808 4 - 4 100% Reimbursed by grant receiptsNo reserve requirement312 2017 Parks Bond Debt Service(388,415) - (388,415) - (388,415) 100% Property tax distribution received in June & DecNo reserve requirement324 TIF - River West Development Area29,277,843 4,941,654 24,336,189 - 24,336,189 100% Property tax distribution received in June & DecNo reserve requirement350 2018 Fire Station #9 Bond Debt Service- - - - - 100% Receives transfers from Fund 287 for debt services pmts No reserve requirement401 Coveleski Stadium Capital815 715 100 - 100 100%No reserve requirement - Capital fund - spend down to zero406 Cumulative Capital Development234,909 - 234,909 - 234,909 100% Property tax distribution received in June & DecNo reserve requirement - Capital fund - spend down to zero407 Cumulative Capital Improvement611,703 16,500 595,203 - 595,203 100%No reserve requirement - Capital fund - spend down to zero410 Urban Development Action Grant25,581 - 25,581 - 25,581 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction2,136,445 489,171 1,647,274 - 1,647,274 100%No reserve requirement - Capital fund - spend down to zero11 City of South Bend* NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrancesCash Reserves Summary by Fund Status CashActualFundFund NameCash OutstandingAvailable Reserve% ofBalance Encumb. Cash * Requirement Variance BudgetNotesCash Reserve PolicyFebruary 28, 2022413Professional Sports Convention Development Area611,320 369,940 241,380 - 241,380 100%No reserve requirement - Capital fund - spend down to zero416 Morris Performing Arts Center Capital 1,897,367 6,853,375 (4,956,008) - (4,956,008) 100% Issuing revenue bonds to fund Morris capital improvements No reserve requirement422 TIF - West Washington 1,235,982 49,129 1,186,853 - 1,186,853 100% Property tax distribution received in June & Dec No reserve requirement429TIF - River East Development Area (NE Dev)9,501,562 2,711,715 6,789,846 - 6,789,846 100% Property tax distribution received in June & Dec No reserve requirement430 TIF - Southside Development Area #1 14,431,324 2,154,568 12,276,756 - 12,276,756 100% Property tax distribution received in June & Dec No reserve requirement435 TIF - Douglas Road 79,189 1,308 77,881 - 77,881 100% Property tax distribution received in June & Dec No reserve requirement436 TIF - River East Residential Area (NE Res) 2,991,421 - 2,991,421 - 2,991,421 100% Property tax distribution received in June & Dec No reserve requirement439 Certified Technology Park 11,154 - 11,154 - 11,154 100% No reserve requirement450 Palais Royale Historic Preservation 94,788 - 94,788 - 94,788 100% No reserve requirement451 2018 Fire Station #9 Bond Capital 316,333 - 316,333 - 316,333 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 2,435,109 2,195,506 239,604 - 239,604 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 410,709 - 410,709 - 410,709 100% No reserve requirement455 2021 Infrastructure Bond Capital 3,809,970 1,595,056 2,214,914 - 2,214,914 100%No reserve requirement - Bond capital fund - spend down to zero471 2017 Parks Bond Capital 4,153,114 2,451,434 1,701,679 - 1,701,679 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 892,022 2,063,861 (1,171,839) - (1,171,839) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 10,232,283 2,094,841 8,137,442 - 8,137,442 100% Receives transfers from Fund 620 as neededNo reserve requirement - Capital fund - spend down to zero625 Water Works Sinking (Debt Service) 443,238 - 443,238 - 443,238 100% Receives transfers from Fund 620 as needed No reserve requirement642 Sewage Works Capital 15,186,665 3,989,349 11,197,316 - 11,197,316 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero649 Sewage Sinking (Debt Service)1,845,414 - 1,845,414 - 1,845,414 100% Receives transfers from Fund 641 as neededNo reserve requirement667 Storm Sewer1,754,871 1,380,217 374,654 - 374,654 100%No reserve requirement - Capital fund - spend down to zero672Century Center Energy Conservation Debt Svc418,300 - 418,300 - 418,300 100%No reserve requirement750 Equipment/Vehicle Leasing347,697 - 347,697 - 347,697 100% No reserve requirement - Capital lease fund - spend down to zero754 Industrial Revolving Fund2,129,518 24,525 2,104,992 - 2,104,992 100%No City reserve requirement; there are program requirements759 2017 Eddy Street Commons Bond Capital25,763 - 25,763 - 25,763 100%No reserve requirement - Bond capital fund - spend down to zeroNo Reserve Requirement Total154,436,819$ 46,658,075$ 107,778,743$ -$ 107,778,741$ Total Funds345,852,857$ 68,006,993$ 277,845,864$ 121,052,870$ 156,792,991$ 12 City of South Bend Monthly Fund Financials Revenue Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Budget Balance Percent of Budget City Controlled Funds 101 General Fund 73,217,282 1,535,836 5,904,839 4,372,047 67,312,443 8% Special Revenue Funds 102 Rainy Day 99,340 2,185 8,401 12,833 90,939 8% 201 Parks & Recreation 16,484,004 243,057 1,017,354 994,634 15,466,650 6% 202 Motor Vehicle Highway 9,852,398 737,804 1,492,015 1,097,577 8,360,383 15% 209 Studebaker-Oliver Revitalizing Grants 5,942 139 533 901 5,409 9% 210 Economic Development State Grants 568,361 5,655 5,670 32 562,691 1% 211 Dept of Community Investment Operating 5,484,915 148,469 174,878 526,985 5,310,037 3% 212 Dept of Community Investment Grants 9,033,557 29,975 67,792 197,447 8,965,765 1% 216 Police State Seizures 5,896 35 134 1,061 5,762 2% 217 Gift, Donation, Bequest 56,270 1,796 106,969 104,724 (50,699) 190% 218 Police Curfew Violations - - 8 16 (8) 0% 219 Unsafe Building 70,871 1,666 4,534 8,409 66,337 6% 220 Law Enforcement Continuing Education 757,462 131,896 380,590 41,481 376,872 50% 221 Rental Units Regulation 404,123 266 1,065 245 403,058 0% 227 Loss Recovery 3,769 83 319 569 3,450 8% 230 Code Enforcement 4,765,730 291,959 365,326 106,298 4,400,404 8% 249 Local Income Tax - Public Safety 8,836,957 726,145 1,453,760 1,520,530 7,383,197 16% 251 Local Road & Street 2,783,569 171,542 348,508 337,037 2,435,061 13% 257 LOIT Special Distribution 543 49 189 1,815 354 35% 258 Human Rights Federal Grants 155,250 2,583 4,493 3,064 150,757 3% 263 American Rescue Plan 29,455,024 5,548 22,376 - 29,432,648 0% 264 COVID-19 Response 790,735 23,037 57,024 253,507 733,711 7% 265 Local Road & Bridge Grant 2,001,049 141 543 1,646 2,000,506 0% 266 MVH Restricted 3,975,285 244,746 504,708 455,314 3,470,577 13% 273 Morris PAC / Palais Royale Marketing - - 43 591 (43) 0% 274 Morris PAC Self-Promotion - - 150 267 (150) 0% 280 Police Block Grants - - 2 5 (2) 0% 289 Haz-Mat 10,256 6 22 33 10,234 0% 291 Indiana River Rescue 92,991 (2,728) 16,883 32,241 76,108 18% 294 Regional Police Academy - - 83 8,549 (83) 0% 295 COPS MORE Grant - 4 30 13,604 (30) 0% 299 Police Federal Drug Enforcement 44,697 19,009 19,018 33 25,679 43% 404 Local Income Tax - Certified Shares 11,009,098 779,467 1,570,743 2,242,955 9,438,355 14% 408 Local Income Tax - Economic Development 12,752,855 1,010,670 2,032,944 2,131,097 10,719,911 16% 410 Urban Development Action Grant 22,261 5 4,398 5,536 17,863 20% 655 Project ReLeaf 453,854 40,060 76,426 90,072 377,428 17% 705 Police K-9 Unit - - 1 3 (1) 0% 730 City Cemetery 273 6 23 36 250 9% 731 Bowman Cemetery 4,328 95 366 559 3,962 8% 754 Industrial Revolving Fund 174,000 400,924 773,795 61,093 (599,795) 445% Total Special Revenue Funds 120,155,663 5,016,293 10,512,117 10,252,799 109,643,547 9% Debt Service Fund 312 2017 Parks Bond Debt Service 1,150,804 - 105 169 1,150,699 0% 350 2018 Fire Station #9 Bond Debt Service 344,157 - 172,866 175,941 171,291 50% 672 Century Center Energy Conservation Debt Svc 404,367 76 221,598 221,673 182,769 55% 752 South Bend Redevelopment Authority 2,867,750 5 1,233,009 1,236,510 1,634,741 43% 755 South Bend Building Corporation 2,578,500 10 1,238,261 1,325,781 1,340,239 48% 756 2015 Smart Streets Bond Debt Service 1,716,000 10 858,017 858,017 857,983 50% 757 2015 Parks Bond Debt Service 375,106 30,905 61,810 62,960 313,296 16% 760 2017 Eddy Street Commons Bond Debt Service 1,928,125 16 962,656 744,530 965,469 50% Total Debt Service Funds 11,364,809 31,021 4,748,323 4,625,581 6,616,487 42% 13 City of South Bend Monthly Fund Financials Revenue Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Budget Balance Percent of Budget Capital Funds 287 Fire Department Capital 4,231,873 184,615 349,970 478,213 3,881,903 8% 401 Coveleski Stadium Capital 25,109 0 1 14 25,108 0% 406 Cumulative Capital Development 514,423 49 213 193 514,210 0% 407 Cumulative Capital Improvement 243,166 126 497 795 242,669 0% 412 Major Moves Construction 496,809 247,042 248,119 248,304 248,690 50% 413 Professional Sports Convention Development Area 1,500,000 224,590 490,688 - 1,009,312 33% 416 Morris Performing Arts Center Capital 506,811 381 1,471 240 505,340 0% 450 Palais Royale Historic Preservation 8,247 153 1,307 214 6,940 16% 451 2018 Fire Station #9 Bond Capital - 63 243 372 (243) 0% 455 2021 Infrastructure Bond Capital - 768 2,954 - (2,954) 0% 471 2017 Parks Bond Capital 4,801 853 3,280 6,996 1,521 68% 750 Equipment/Vehicle Leasing - - - 3 - 0% 759 2017 Eddy Street Commons Bond Capital - 0 0 0 - 0% Total Capital Funds 7,531,239 658,643 1,098,743 735,344 6,432,496 15% Enterprise Funds 600 Consolidated Building 1,603,384 88,831 189,054 212,786 1,414,330 12% 601 Parking Garages 965,795 71,357 144,775 170,540 821,020 15% 602 Morris Performing Arts Center Operations 2,203,607 32,825 1,006,849 - 1,196,758 46% 610 Solid Waste Operations 6,443,200 523,728 1,034,862 1,098,928 5,408,338 16% 611 Solid Waste Capital 2,554,161 112,856 316,421 15 2,237,740 12% 620 Water Works Operations 21,470,434 1,492,097 3,017,076 3,436,886 18,453,358 14% 622 Water Works Capital 4,183,877 334,676 676,292 634,157 3,507,585 16% 624 Water Works Customer Deposit - - - 1,498 - 0% 625 Water Works Sinking (Debt Service)2,662,430 221,869 443,738 251,962 2,218,692 17% 626 Water Works Bond Reserve - 0 1 1,644 (1) 0% 629 Water Works Operations & Maintenance Reserve 15,296 15,296 15,296 3,446 - 100% 640 Sewer Repair Insurance 675,520 61,288 117,734 134,145 557,786 17% 641 Sewage Works Operations 38,878,186 3,633,724 7,111,553 7,239,142 31,766,633 18% 642 Sewage Works Capital 4,211,952 311,811 814,591 1,146,817 3,397,361 19% 643 Sewage Works Operations & Maintenance Reserve - - - 6,566 - 0% 649 Sewage Sinking (Debt Service)11,079,089 923,257 1,846,514 1,284,205 9,232,575 17% 653 Sewage Debt Service Reserve 36,647 - - 68 36,647 0% 654 Sewage Works Customer Deposit - - - 772 - 0% 667 Storm Sewer 1,151,372 90,236 171,796 206,464 979,576 15% 670 Century Center Operations 4,125,935 150,190 1,309,488 360,115 2,816,447 32% 671 Century Center Capital 1,000 8 16 16 984 2% Total Enterprise Funds 102,261,885 8,064,048 18,216,056 16,190,170 84,045,829 18% Internal Service Funds 222 Central Services 8,878,391 667,880 1,378,138 1,049,794 7,500,253 16% 224 Central Services Capital - - - 31 - 0% 226 Liability Insurance 3,398,847 281,658 567,880 551,870 2,830,967 17% 278 Police Take Home Vehicle 11,154 2,980 6,178 1,926 4,976 55% 279 IT / Innovation / 311 Call Center 9,689,729 991,741 1,800,765 1,544,187 7,888,964 19% 711 Self-Funded Employee Benefits 16,625,249 1,536,958 3,024,482 2,987,491 13,600,767 18% 713 Unemployment Compensation 105,726 4,733 13,613 1,133 92,113 13% 714 Parental Leave 258,703 19,932 39,488 39,006 219,215 15% Total Internal Service Funds 38,967,799 3,505,883 6,830,545 6,175,438 32,137,255 18% Fiduciary Funds 701 Fire Pension 4,521,270 3,937 4,177 439 4,517,094 0% 702 Police Pension 6,064,050 1,538 1,858 525 6,062,192 0% Total Fiduciary Funds 10,585,320 5,475 6,034 964 10,579,286 0% Total City Controlled Funds 364,083,997 18,817,199 47,316,658 42,352,342 316,767,343 13% 14 City of South Bend Monthly Fund Financials Revenue Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Budget Balance Percent of Budget Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 18,274,531 148,621 185,766 54,261 18,088,765 1% 422 TIF - West Washington 293,562 247 951 1,334 292,611 0% 429 TIF - River East Development Area (NE Dev) 3,850,354 18,753 24,169 6,917 3,826,185 1% 430 TIF - Southside Development Area #1 1,885,035 2,897 11,143 14,841 1,873,892 1% 435 TIF - Douglas Road 169,511 16 163 110 169,348 0% 436 TIF - River East Residential Area (NE Res)6,032,047 648 3,742 4,977 6,028,305 0% Total Tax Increment Financing Funds 30,505,040 171,183 225,934 82,440 30,279,106 1% Redevelopment Funds 433 Redevelopment General 1,181,072 624 2,448 29,073 1,178,624 0% 439 Certified Technology Park 101 2 9 13 92 8% 452 2018 TIF Park Bond Capital - 487 1,874 3,091 (1,874) 0% 454 Airport Urban Enterprise Zone 2 82 316 483 (314) 15801% Total Redevelopment Funds 1,181,175 1,196 4,646 32,660 1,176,528 0% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 1,231 - 0% 328 SBCDA 2003 Debt Reserve - - - 2,058 - 0% 351 2018 TIF Park Bond Debt Service 9,357 207 798 1,218 8,559 9% 352 2019 South Shore Double Tracking Debt Service 1,035,010 1 518,501 518,001 516,509 50% 353 2020 TIF Library Bond Debt Service Reserve 10 1 3 3 7 28% Total Debt Service Funds 1,044,377 210 519,302 522,511 525,075 50% Total Redevelopment Commission Funds 32,730,592 172,589 749,882 637,611 31,980,710 2% Grand Total 396,814,589 18,989,788 48,066,540 42,989,953 348,748,053 12% 15 City of South Bend Monthly Fund Financials Expenditure Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Current Encumbrances Budget Balance Percent of Budget* City Controlled Funds 101 General Fund 114,096,009 5,487,230 11,583,569 10,976,163 2,950,179 99,562,261 13% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 18,465,596 1,028,137 2,619,816 2,510,596 1,144,547 14,701,233 20% 202 Motor Vehicle Highway 11,773,651 764,390 2,162,642 2,827,611 1,373,491 8,237,519 30% 209 Studebaker-Oliver Revitalizing Grants 262,443 - - 13,740 52,824 209,619 20% 210 Economic Development State Grants 595,236 5,649 5,649 - 113,957 475,629 20% 211 Dept of Community Investment Operating 5,759,541 275,336 530,255 515,777 298,409 4,930,877 14% 212 Dept of Community Investment Grants 9,443,375 82,586 156,924 354,825 3,712,223 5,574,228 41% 216 Police State Seizures 44,500 - - 71,043 - 44,500 0% 217 Gift, Donation, Bequest 650,289 51,404 67,504 58,301 236,779 346,006 47% 218 Police Curfew Violations 18,799 - 13,888 - - 4,911 74% 219 Unsafe Building 23,000 1,510 2,210 12,593 17,790 3,000 87% 220 Law Enforcement Continuing Education 340,568 62,683 100,101 179,600 68,278 172,189 49% 221 Rental Units Regulation 450,794 11,650 21,715 29,837 99,686 329,393 27% 227 Loss Recovery - - - 69,630 - - 0% 230 Code Enforcement 5,014,435 254,206 555,949 554,770 253,787 4,204,699 16% 249 Local Income Tax - Public Safety 12,689,047 976,080 1,952,160 1,289,434 - 10,736,887 15% 251 Local Road & Street 3,656,900 2,268 22,360 619,233 915,940 2,718,599 26% 257 LOIT Special Distribution 56,950 - - 23,927 56,950 - 100% 258 Human Rights Federal Grants 248,783 15,083 30,041 58,266 24,333 194,408 22% 263 American Rescue Plan 13,510,000 28,704 1,888,690 - 178,200 11,443,110 15% 264 COVID-19 Response 790,735 41,280 98,304 721,826 894,185 (201,754) 126% 265 Local Road & Bridge Grant 2,923,443 197,847 197,847 778,207 1,271,724 1,453,871 50% 266 MVH Restricted 5,147,306 7,307 45,097 174,806 974,250 4,127,959 20% 273 Morris PAC / Palais Royale Marketing 100,000 - 74,852 - - 25,148 75% 274 Morris PAC Self-Promotion 410,000 - 264,160 - - 145,840 64% 280 Police Block Grants 4,338 - 4,165 - - 173 96% 289 Haz-Mat 10,000 - - - - 10,000 0% 291 Indiana River Rescue 99,359 22,300 29,246 650 13,620 56,493 43% 292 Police Grants 26,716 - 26,716 - - 1 100% 294 Regional Police Academy 175,000 - 146,411 - - 28,589 84% 295 COPS MORE Grant 145,808 - 24,566 - 20,808 100,434 31% 299 Police Federal Drug Enforcement 28,500 - - - - 28,500 0% 404 Local Income Tax - Certified Shares 17,181,584 1,635,497 3,105,670 2,344,252 4,647,650 9,428,264 45% 408 Local Income Tax - Economic Development 18,907,859 734,084 1,623,774 920,653 4,309,925 12,974,160 31% 410 Urban Development Action Grant 24,000 - 6,000 6,000 - 18,000 25% 655 Project ReLeaf 449,708 29,271 68,022 90,051 - 381,686 15% 705 Police K-9 Unit 2,520 - 2,436 - - 84 97% 730 City Cemetery - - - - - - 0% 731 Bowman Cemetery - - - - - - 0% 754 Industrial Revolving Fund 4,918,709 2,272,544 2,395,975 210,413 24,525 2,498,209 49% Total Special Revenue Funds 134,349,490 8,499,816 18,243,146 14,436,040 20,703,883 95,402,464 29% Debt Service Fund 312 2017 Parks Bond Debt Service 1,169,368 - 572,683 580,058 - 596,686 49% 350 2018 Fire Station #9 Bond Debt Service 344,157 - 172,866 175,941 - 171,291 50% 672 Century Center Energy Conservation Debt Svc 402,368 - - - - 402,368 0% 752 South Bend Redevelopment Authority 2,859,282 1,231,178 1,231,178 1,231,478 - 1,628,104 43% 755 South Bend Building Corporation 2,562,480 1,388,778 1,388,778 1,445,278 - 1,173,703 54% 756 2015 Smart Streets Bond Debt Service 1,711,694 853,784 853,784 854,234 - 857,910 50% 757 2015 Parks Bond Debt Service 372,557 187,141 187,141 185,516 - 185,416 50% 760 2017 Eddy Street Commons Bond Debt Service 1,926,375 962,625 962,625 744,500 - 963,750 50% Total Debt Service Funds 11,348,281 4,623,506 5,369,054 5,217,004 - 5,979,228 47% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 16 City of South Bend Monthly Fund Financials Expenditure Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Current Encumbrances Budget Balance Percent of Budget* Capital Funds 287 Fire Department Capital 6,798,339 - 567,083 561,345 2,224,466 4,006,790 41% 401 Coveleski Stadium Capital 25,715 6,962 6,962 - 715 18,038 30% 406 Cumulative Capital Development 512,428 11,974 52,050 55,061 - 460,378 10% 407 Cumulative Capital Improvement 489,341 19,945 39,891 43,695 16,500 432,950 12% 412 Major Moves Construction 1,789,238 867 867 7,510 489,171 1,299,201 27% 413 Professional Sports Convention Development Area 2,304,900 664,810 664,810 - 369,940 1,270,150 45% 416 Morris Performing Arts Center Capital 8,116,710 - 17,030 - 6,853,375 1,246,305 85% 450 Palais Royale Historic Preservation 35,000 - - - - 35,000 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 455 2021 Infrastructure Bond Capital 3,815,260 33,466 33,466 - 1,595,056 2,186,738 43% 471 2017 Parks Bond Capital 4,264,527 111,492 111,492 72,926 2,451,434 1,701,600 60% 750 Equipment/Vehicle Leasing - - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 28,151,458 849,516 1,493,651 740,537 14,000,657 12,657,150 55% Enterprise Funds 600 Consolidated Building 2,046,854 143,680 317,241 291,267 944 1,728,669 16% 601 Parking Garages 1,413,495 167,179 253,936 138,334 302,308 857,251 39% 602 Morris Performing Arts Center Operations 1,683,579 96,327 193,647 - 16,859 1,473,073 13% 610 Solid Waste Operations 7,106,763 626,031 1,281,552 762,174 916,240 4,908,971 31% 611 Solid Waste Capital 3,333,296 - 203,562 309,427 2,063,861 1,065,873 68% 620 Water Works Operations 24,213,606 1,726,045 4,431,032 3,705,921 873,025 18,909,550 22% 622 Water Works Capital 12,735,287 54,469 130,912 135,014 2,094,841 10,509,533 17% 624 Water Works Customer Deposit - - - 1,498 - - 0% 625 Water Works Sinking (Debt Service)2,662,430 500 500 38 - 2,661,930 0% 626 Water Works Bond Reserve - - - 1,643 - - 0% 629 Water Works Operations & Maintenance Reserve - - - 3,446 - - 0% 640 Sewer Repair Insurance 753,069 53,984 107,241 136,571 3,951 641,876 15% 641 Sewage Works Operations 45,546,498 2,745,859 8,132,203 6,563,148 3,860,271 33,554,024 26% 642 Sewage Works Capital 14,614,348 - - 38,486 3,989,349 10,625,000 27% 643 Sewage Works Operations & Maintenance Reserve - - - 6,566 - - 0% 649 Sewage Sinking (Debt Service)11,079,089 - 1,100 - - 11,077,989 0% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - 772 - - 0% 667 Storm Sewer 2,271,456 10,083 12,468 66,082 1,380,217 878,771 61% 670 Century Center Operations 4,094,958 299,954 527,558 384,558 29,009 3,538,390 14% 671 Century Center Capital 35,000 - - - - 35,000 0% Total Enterprise Funds 133,589,727 5,924,110 15,592,952 12,544,944 15,530,874 102,465,900 23% Internal Service Funds 222 Central Services 8,873,729 783,711 1,590,543 1,117,357 53,231 7,229,956 19% 224 Central Services Capital - - - 7,500 - - 0% 226 Liability Insurance 5,603,078 39,848 300,792 269,743 547,025 4,755,261 15% 278 Police Take Home Vehicle 50,000 - - - - 50,000 0% 279 IT / Innovation / 311 Call Center 10,643,243 859,083 1,655,714 1,678,542 1,928,898 7,058,632 34% 711 Self-Funded Employee Benefits 18,399,864 1,263,751 2,619,118 2,514,392 59,759 15,720,987 15% 713 Unemployment Compensation 80,000 1,625 2,236 19,369 - 77,764 3% 714 Parental Leave 253,846 9,818 15,859 18,186 - 237,987 6% Total Internal Service Funds 43,903,760 2,957,837 6,184,261 5,625,089 2,588,912 35,130,587 20% Fiduciary Funds 701 Fire Pension 4,583,888 342,637 687,267 690,581 3,500 3,893,121 15% 702 Police Pension 6,057,740 504,920 1,009,709 1,037,101 3,500 5,044,531 17% Total Fiduciary Funds 10,641,628 847,558 1,696,977 1,727,681 7,000 8,937,652 16% Total City Controlled Funds 476,080,353 29,189,572 60,163,610 51,267,459 55,781,506 360,135,242 24% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 17 City of South Bend Monthly Fund Financials Expenditure Summary February 28, 2022 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year to Date Actual Current Encumbrances Budget Balance Percent of Budget* Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 22,956,292 339,849 4,739,625 4,803,991 4,941,654 13,275,014 42% 422 TIF - West Washington 228,561 - - 518 49,129 179,432 21% 429 TIF - River East Development Area (NE Dev) 6,067,301 83,420 110,473 146,050 2,711,715 3,245,113 47% 430 TIF - Southside Development Area #1 7,611,164 1,494 53,000 222,194 2,154,568 5,403,595 29% 435 TIF - Douglas Road 254,036 - 178,553 1,368 1,308 74,175 71% 436 TIF - River East Residential Area (NE Res) 4,921,704 246,664 2,442,289 2,227,664 - 2,479,415 50% Total Tax Increment Financing Funds 42,039,058 671,427 7,523,940 7,401,785 9,858,374 24,656,744 41% Redevelopment Funds 433 Redevelopment General 329,783 3,675 113,675 326,719 171,608 44,500 87% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital 2,389,024 - - 30,228 2,195,506 193,518 92% 454 Airport Urban Enterprise Zone - - - - - - 0% Total Redevelopment Funds 2,718,807 3,675 113,675 356,947 2,367,114 238,018 91% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 1,231 - - 0% 328 SBCDA 2003 Debt Reserve - - - 2,058 - - 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,029,750 516,625 516,625 512,875 - 513,125 50% 353 2020 TIF Library Bond Debt Service Reserve - 8 8 - - (8) 0% Total Debt Service Funds 1,029,750 516,633 516,633 516,164 - 513,117 50% Total Redevelopment Commission Funds 45,787,614 1,191,735 8,154,248 8,274,895 12,225,487 25,407,879 45% Grand Total 521,867,967 30,381,307 68,317,859 59,542,354 68,006,993 385,543,121 26% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 18 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetTaxesProperty Taxes Civil City- - - - - - - - - - - - - 57,130,137 0% TIF Districts- - - - - - - - - - - - - 29,771,076 0%Sub Total- - - - - - - - - - - - - 86,901,213 0%Local Income Tax LIT Certified Shares744,465 744,465 - - - - - - - - - - 1,488,931 9,021,120 17% LIT for Economic Development 1,005,450 1,005,450 - - - - - - - - - - 2,010,901 12,216,636 16% LIT for Public Safety725,425 725,425 - - - - - - - - - - 1,450,850 8,826,957 16% LIT for Redevelopment8 8 - - - - - - - - - - 15 7,000 0% LIT Additional - Supplemental Distrib- - - - - - - - - - - - - - NA Sub Total2,475,348 2,475,348 - - - - - - - - - - 4,950,697 30,071,713 16%Total Taxes2,475,348 2,475,348 - - - - - - - - - - 4,950,697 116,972,926 4%Intergovernmental RevenueState Shared Revenue Auto Excise Tax- - - - - - - - - - - - - 3,831,277 0% Commercial Vehicle Tax- - - - - - - - - - - - - 822,505 0% Liquor Excise Tax22,556 - - - - - - - - - - - 22,556 90,000 25% Liquor Gallonage Tax71,052 - - - - - - - - - - - 71,052 239,165 30% Cigarette Tax- - - - - - - - - - - - - 272,798 0% Gasoline Tax557,915 545,448 - - - - - - - - - - 1,103,363 5,829,152 19% Wheel Tax135,309 114,163 - - - - - - - - - - 249,472 2,100,000 12% PSCDA Tax265,657 224,381 - - - - - - - - - - 490,038 1,500,000 33% State Pension Subsidy- - - - - - - - - - - - - 10,578,999 0% Sub Total1,052,488 883,992 - - - - - - - - - - 1,936,481 25,263,896 8% Local Government Shared Revenue Hotel Motel Tax1,258,937 - - - - - - - - - - - 1,258,937 2,392,937 53% Grants Federal Grants397,089 527,201 - - - - - - - - - - 924,291 41,432,829 2% State Grants- 75,432 - - - - - - - - - - 75,432 568,343 13% Sub Total397,089 602,634 - - - - - - - - - - 999,723 42,001,172 2% Other Intergovernmental Staffing Agreements with County- 30,000 - - - - - - - - - - 30,000 30,000 100% Local Government Grants- - - - - - - - - - - - - 55,000 0% Federal Seized Drug- - - - - - - - - - - - - 25,000 0% State Seized Drug- - - - - - - - - - - - - 5,000 0%Sub Total- 30,000 - - - - - - - - - - 30,000 115,000 26%Total Intergovernmental Revenue 2,708,515 1,516,626 - - - - - - - - - - 4,225,141 69,773,005 6%Licenses & PermitsBusiness Business Licenses15,490 25,501 - - - - - - - - - - 40,990 104,025 39% Taxi Cab Licensing21 - - - - - - - - - - - 21 2,300 1% Sub Total15,511 25,501 - - - - - - - - - - 41,011 106,325 39% Nonbusiness Lawn Parking180 45 - - - - - - - - - - 225 10,000 2% Engineering3,975 3,955 - - - - - - - - - - 7,930 156,100 5% Right-of-Way Closures- 100 - - - - - - - - - - 100 1,500 7% Park Food Sales Permit- 25 - - - - - - - - - - 25 - NA Fire Dept-Building Plan Review874 2,229 - - - - - - - - - - 3,103 24,000 13% Building Department98,526 86,698 - - - - - - - - - - 185,224 1,585,100 12% SBARC - Pet Licenses1,490 2,300 - - - - - - - - - - 3,790 37,000 10%Sub Total105,045 95,352 - - - - - - - - - - 200,397 1,813,700 11%Total Licenses & Permits120,555 120,853 - - - - - - - - - - 241,408 1,920,025 13%Period Ending: February 28, 202219 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Charges for ServicesGeneral Government Plan Commission Charges800 100 - - - - - - - - - - 900 4,100 22% Copies of Public Records129 - - - - - - - - - - - 129 1,200 11% Blueprints/Copies- - - - - - - - - - - - - - NA Historic Preserv Certificate of Approval 40 20 - - - - - - - - - - 60 2,000 3% IT Services- - - - - - - - - - - - - - NA Sub Total969 120 - - - - - - - - - - 1,089 7,300 15%Public Safety Accident Report Copies7,467 3,554 - - - - - - - - - - 11,020 81,000 14% Gun Permit Applications- - - - - - - - - - - - - - NA Traffic Signal Maintenance8,511 10,921 - - - - - - - - - - 19,432 257,500 8% EMS Special Event Coverage- 4,740 - - - - - - - - - - 4,740 150,000 3% Regional Academy Tuition5,400 2,600 - - - - - - - - - - 8,000 20,000 40% River Rescue School Tuition19,405 (2,800) - - - - - - - - - - 16,605 90,000 18% Fire Training Center Tuition505 3,915 - - - - - - - - - - 4,420 50,000 9% Emergency Medical Service261,028 254,111 - - - - - - - - - - 515,140 3,000,000 17% Medicaid Reimbursements- - - - - - - - - - - - - 443,000 0% EMS for County164,337 164,337 - - - - - - - - - - 328,674 1,837,850 18% Hazmat Charges- - - - - - - - - - - - - 10,000 0% Police Special Event Coverage- - - - - - - - - - - - - 15,000 0% Crime Lab Services925 1,706 - - - - - - - - - - 2,631 10,000 26% EMS Late Payment Interest- 3,703 - - - - - - - - - - 3,703 15,000 25% Misc Revenue- - - - - - - - - - - - - 500 0% Sub Total467,578 446,786 - - - - - - - - - - 914,364 5,979,850 15% Culture & Recreation Morris Performing Arts Center22,058 24,638 - - - - - - - - - - 46,696 987,000 5% Palais Royale Ballroom4,720 20,484 - - - - - - - - - - 25,204 144,190 17% Parks & Recreation232,465 209,399 - - - - - - - - - - 441,864 3,196,581 14% Lease of Coveleski Stadium- - - - - - - - - - - - - 25,000 0% Century Center68,058 136,585 - - - - - - - - - - 204,643 2,678,000 8% Sub Total327,302 391,106 - - - - - - - - - - 718,408 7,030,771 10% Highways & Streets Sale of Signs/Materials883 - - - - - - - - - - - 883 3,300 27% Special Events- - - - - - - - - - - - - 1,500 0% Sub Total883 - - - - - - - - - - - 883 4,800 18% Sanitation Trash Collection/Residential467,840 498,325 - - - - - - - - - - 966,166 5,504,876 18% Trash Collection/Commercial9,998 10,506 - - - - - - - - - - 20,504 124,680 16% Trash Collection/Apt 2 Units3,996 4,233 - - - - - - - - - - 8,228 51,950 16% Trash Collection/Apt 3 Units1,879 1,979 - - - - - - - - - - 3,858 23,897 16% Trash Collection/Apt 4 Units2,313 2,440 - - - - - - - - - - 4,753 29,092 16% Trash Collection/Seniors- - - - - - - - - - - - - 46,755 0% Trash Collection/Special Pickup1,580 1,700 - - - - - - - - - - 3,280 32,000 10% Trash Collection/Yard Waste Pickup40 10 - - - - - - - - - - 50 250 20% Misc/Additional Trash Totes(67) (90) - - - - - - - - - - (157) - NA Misc/Return Trip Customer Error1,130 880 - - - - - - - - - - 2,010 10,000 20% Misc/Contamination Fee- - - - - - - - - - - - - 500 0% Misc/Tote Replacement Fee350 598 - - - - - - - - - - 948 3,000 32% Misc/Trash Start Fee3,320 2,940 - - - - - - - - - - 6,260 48,000 13% Misc/Yard Waste Totes108 64 - - - - - - - - - - 172 523,200 0% Sub Total492,487 523,586 - - - - - - - - - - 1,016,073 6,398,200 16% 20 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Charges for Services Utilities - Water Metered Sales/Residential655,684 645,891 - - - - - - - - - - 1,301,575 8,534,213 15% Metered Sales/Commercial188,023 185,869 - - - - - - - - - - 373,892 2,708,998 14% Metered Sales/Industrial25,906 25,142 - - - - - - - - - - 51,048 518,557 10% Metered Sales/Multi Family103,007 102,043 - - - - - - - - - - 205,050 1,294,174 16% Bulk Sales/Olive St- - - - - - - - - - - - - 7,476 0% Metered Sales/Institution11,203 11,968 - - - - - - - - - - 23,171 140,287 17% Public Fire Protection216,186 214,425 - - - - - - - - - - 430,611 2,726,802 16% Private Fire Protection37,837 37,666 - - - - - - - - - - 75,503 512,768 15% Sales to Public Authorities31,382 29,827 - - - - - - - - - - 61,209 302,036 20% Irrigation Sales710 152 - - - - - - - - - - 862 1,446,969 0% Other Water/Misc Service12,104 10,211 - - - - - - - - - - 22,315 497,154 4% Backflow Prevention Insp.16,800 12,500 - - - - - - - - - - 29,300 170,026 17% Water Main Extension- - - - - - - - - - - - - - NA Rents From Water Property- - - - - - - - - - - - - - NA Revenue From Cut Off Fees375 - - - - - - - - - - - 375 5,000 8% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 44,000 0% Water Leak Insurance85,216 93,374 - - - - - - - - - - 178,590 1,111,911 16% System Development Fee3,856 436 - - - - - - - - - - 4,291 210,000 2% Sub Total1,388,288 1,369,506 - - - - - - - - - - 2,757,794 20,230,371 14% Utilities - Sewage Metered Sales/Residential1,747,223 1,720,245 - - - - - - - - - - 3,467,468 20,052,148 17% Metered Sales/Commercial626,435 668,879 - - - - - - - - - - 1,295,313 7,576,499 17% Metered Sales/Industrial526,602 724,506 - - - - - - - - - - 1,251,108 5,401,760 23% Metered Sales/Multi Family251,249 305,370 - - - - - - - - - - 556,618 3,152,406 18% Metered Sales/Institution27,331 28,021 - - - - - - - - - - 55,353 299,645 18% Sales to Public Authority80,407 77,689 - - - - - - - - - - 158,096 1,124,666 14% Wholesale Meter/New Carlisle- - - - - - - - - - - - - 255,691 0% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 340,283 0% Dumping Fees788 928 - - - - - - - - - - 1,715 23,001 7% Laboratory Service Fees- - - - - - - - - - - - - 1,560 0% Discharge Permit Fees500 1,250 - - - - - - - - - - 1,750 5,720 31% System Development Fee8,296 1,083 - - - - - - - - - - 9,379 339,000 3% Sewer Repair Insurance47,219 51,667 - - - - - - - - - - 98,886 579,500 17% Sewer Repair Deductible8,086 9,218 - - - - - - - - - - 17,304 80,000 22% UAP Assistance Fee94,855 95,027 - - - - - - - - - - 189,883 840,000 23% UAP Credit (Contra)(35,000) (35,950) - - - - - - - - - - (70,950) (840,000) 8% RINS Credits- - - - - - - - - - - - - - NA Disconnect Program Fee- - - - - - - - - - - - - - NA Sub Total3,383,990 3,647,933 - - - - - - - - - - 7,031,924 39,231,879 18% Utilities - Other Storm Water Fees80,646 89,900 - - - - - - - - - - 170,546 1,147,200 15% Clean Air/ReLeaf (Leaf Pickup)36,205 40,005 - - - - - - - - - - 76,209 451,610 17% Sub Total116,851 129,904 - - - - - - - - - - 246,755 1,598,810 15% Organic Resources Yard Waste Drop-Off28,266 1,215 - - - - - - - - - - 29,482 95,501 31%Mulch/Compost Sales160 288 - - - - - - - - - - 448 70,070 1% Sub Total28,426 1,504 - - - - - - - - - - 29,930 165,571 18%21 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Charges for Services Health - Animal Care & Control Pet Impound Reclaim Fee150 305 - - - - - - - - - - 455 6,300 7% Pet Adoption Fees1,422 1,546 - - - - - - - - - - 2,968 25,000 12% Pick Up Fees80 - - - - - - - - - - - 80 500 16% Pet Micro Chipping160 320 - - - - - - - - - - 480 3,600 13% Vet Expenses75 160 - - - - - - - - - - 235 3,100 8% Pet Euthanasia- 20 - - - - - - - - - - 20 100 20% Animal Surrenders860 640 - - - - - - - - - - 1,500 8,000 19% Cremation263 430 - - - - - - - - - - 693 2,200 32% Rabies Specimen Prep30 60 - - - - - - - - - - 90 500 18% Boarding- 240 - - - - - - - - - - 240 1,000 24% Sub Total3,040 3,721 - - - - - - - - - - 6,761 50,300 13% Other DCI Staff Contracts8,297 9,352 - - - - - - - - - - 17,649 1,421,825 1% Other Misc Charges for Services- - - - - - - - - - - - - 35,000 0% Parking-Garages70,942 69,500 - - - - - - - - - - 140,442 913,300 15% Parking-Century Center12,745 6,720 - - - - - - - - - - 19,465 100,000 19% Central Services-Internal Customers 651,692 617,253 - - - - - - - - - - 1,268,945 8,166,626 16% Central Services-External Customers 35,872 34,872 - - - - - - - - - - 70,744 469,375 15% Employee & Employer Assessments 1,379,185 1,360,234 - - - - - - - - - - 2,739,418 16,549,886 17% Sub Total2,158,732 2,097,930 - - - - - - - - - - 4,256,662 27,656,012 15%Total Charges for Services8,368,546 8,612,097 - - - - - - - - - - 16,980,642 108,353,864 16%Fines, Forfeitures, & FeesGeneral Ordinance Violation- - - - - - - - - - - - - 5,500 0% Bad Checks Fines- - - - - - - - - - - - - 525 0% Credit Reports- - - - - - - - - - - - - - NA Court Fees- 1,640 - - - - - - - - - - 1,640 10,000 16% Plan Commission Application Fee2,300 1,250 - - - - - - - - - - 3,550 23,250 15% Zoning Appeals Application Fee650 1,125 - - - - - - - - - - 1,775 11,250 16% Zoning Admin Fees1,400 1,200 - - - - - - - - - - 2,600 13,950 19% Zoning Admin Fines- - - - - - - - - - - - - - NA Tax Abatement Admin Fees- - - - - - - - - - - - - 10,000 0% Test Filling Fees450 900 - - - - - - - - - - 1,350 2,000 68% Econ Dev-CDBG Loan Late Fees- - - - - - - - - - - - - - NA Sub Total4,800 6,115 - - - - - - - - - - 10,915 76,475 14%Code Enforcement Vacant Bldg Registration- 300 - - - - - - - - - - 300 12,900 2% Landlord Registration Fee- - - - - - - - - - - - - - NA Rental Unit Safety Fees750 250 - - - - - - - - - - 1,000 100,000 1% Demolition & Boarding358 771 - - - - - - - - - - 1,129 45,000 3% Collections698 - - - - - - - - - - - 698 12,000 6% Environmental Violations2,952 9,265 - - - - - - - - - - 12,217 165,000 7% Ordinance Violation2,216 538 - - - - - - - - - - 2,754 27,500 10% Animal Ordinance Violation3,564 208 - - - - - - - - - - 3,772 25,000 15% Forfeitures-Civil Penalties- 1,000 - - - - - - - - - - 1,000 117,500 1%Sub Total10,539 12,330 - - - - - - - - - - 22,870 504,900 5%ParkingStreet Parking Fines2,270 1,770 - - - - - - - - - - 4,040 52,500 8%22 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Fines, Forfeitures, & FeesPublic Safety False Alarms Fine16,638 8,585 - - - - - - - - - - 25,223 80,000 32% Noise Ordinance103 170 - - - - - - - - - - 273 1,000 27% Curfew Violation- - - - - - - - - - - - - 200 0% Impound Towing Fees715 828 - - - - - - - - - - 1,543 10,000 15%Sub Total17,456 9,583 - - - - - - - - - - 27,039 91,200 30%Total Fines, Forfeitures, & Fees35,065 29,799 - - - - - - - - - - 64,864 725,075 9%Other IncomeMiscellaneous Revenue Miscellaneous Revenue746 76,520 - - - - - - - - - - 77,266 500,694 15% Sale of Scrap Metal- 2,082 - - - - - - - - - - 2,082 20,142 10% Bond Interest Rebate- - - - - - - - - - - - - 80,242 0% Origination Fees4,840 31,243 - - - - - - - - - - 36,083 7,000 515% Loan Servicing Fees7,000 - - - - - - - - - - - 7,000 15,000 47% Sub Total12,586 109,844 - - - - - - - - - - 122,430 623,078 20% Bank Account Interest194,087 65,944 - - - - - - - - - - 260,031 1,610,736 16% Rental of Property5,416 14,663 - - - - - - - - - - 20,079 121,387 17% Donations584,444 183,567 - - - - - - - - - - 768,012 3,419,000 22% 3rd Party Revenue Cable TV Franchise Fees- 163,168 - - - - - - - - - - 163,168 700,000 23% Video Franchise Fees- 32,549 - - - - - - - - - - 32,549 135,000 24%Sub Total- 195,718 - - - - - - - - - - 195,718 835,000 23%Total Other Income796,533 569,737 - - - - - - - - - - 1,366,269 6,609,201 21%Reimbursements Miscellaneous Reimbursements5,303 131,228 - - - - - - - - - - 136,531 21,250 642% Insurance Claim- - - - - - - - - - - - - 20,000 0% IT Services5,377 5,377 - - - - - - - - - - 10,754 64,525 17% Travel Reimbursement- - - - - - - - - - - - - 1,800 0% Lamppost Program- - - - - - - - - - - - - 8,000 0% Energy Rebates- - - - - - - - - - - - - 45,000 0% Repair Reimbursement- 75 - - - - - - - - - - 75 20,000 0% Salary/Overtime Reimb6,230 8,645 - - - - - - - - - - 14,874 387,000 4% Diesel Tax Rebate- - - - - - - - - - - - - 50,000 0% Pharmacy Rebates133,067 198,064 - - - - - - - - - - 331,131 375,000 88% Beck's Lake Reimbursement- - - - - - - - - - - - - - NA EPA Professional Services- - - - - - - - - - - - - - NA Total Reimbursements149,977 343,389 - - - - - - - - - - 493,365 1,238,016 40%Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In8,902,932 2,862,538 - - - - - - - - - - 11,765,469 50,778,363 23% PILOT3,039,663 - - - - - - - - - - - 3,039,663 6,079,325 50% Administration Cost Allocation752,500 752,500 - - - - - - - - - - 1,505,000 9,030,000 17% IT Cost Allocation801,684 801,684 - - - - - - - - - - 1,603,367 9,620,204 17% Liability Insurance Allocation280,417 280,417 - - - - - - - - - - 560,834 3,365,000 17% Payroll Cost Allocation216,811 216,811 - - - - - - - - - - 433,622 2,601,735 17% Facilities Management Allocation13,333 13,333 - - - - - - - - - - 26,667 160,000 17% Utility Customer Service Mgmt Allocation109,977 109,977 - - - - - - - - - - 219,954 1,319,726 17% Sub Total14,117,317 5,037,260 - - - - - - - - - - 19,154,576 82,954,353 23%23 City of South BendRevenue by Type ReportYear to Date%Revenue TypeJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Other SourcesSale of Assets Sale of Capital Assets- - - - - - - - - - - - - - NA Sale of Non-Capital Assets- - - - - - - - - - - - - - NA Sale of Property17,925 - - - - - - - - - - - 17,925 - NA Other Damage Reimbursement- - - - - - - - - - - - - - NA Vehicle Damage Reimbursement- - - - - - - - - - - - - - NA Hydrant Damage Reimbursement- - - - - - - - - - - - - 500 0% Sub Total17,925 - - - - - - - - - - - 17,925 500 3585% Issuance of Debt Capital Lease Proceeds- - - - - - - - - - - - - 7,556,000 0% Bond Proceeds- - - - - - - - - - - - - - NA Premium on Bonds- - - - - - - - - - - - - - NA Sub Total- - - - - - - - - - - - - 7,556,000 0% Refunds Refunds240,646 287 - - - - - - - - - - 240,933 - NA Specific Stop Loss234 3,927 - - - - - - - - - - 4,161 10,000 42% Utility Receipts Tax Refund- - - - - - - - - - - - - - NA Sub Total240,880 4,213 - - - - - - - - - - 245,094 10,000 2451% Other Sale of Property Held for Resale- - - - - - - - - - - - - - NA Interfund Loan - Principal Income6,000 220,397 - - - - - - - - - - 226,397 469,523 48% Interfund Loan - Interest Income- 26,267 - - - - - - - - - - 26,267 47,805 55% Other Loan - Principal Income26,498 10,533 - - - - - - - - - - 37,031 31,996 116% Other Loan - Interest Income13,593 23,271 - - - - - - - - - - 36,864 152,300 24% Sub Total46,091 280,467 - - - - - - - - - - 326,558 701,624 47%Total Other Sources14,422,213 5,321,940 - - - - - - - - - - 19,744,153 91,222,477 22%Revenue Total29,076,752 18,989,788 - - - - - - - - - - 48,066,540 396,814,589 12%24 City of South BendExpenditures by ActivityYear to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetGeneral FundGeneral GovernmentMayor 101 75,328 83,108 - - - - - - - - - - 158,436 1,048,915 15%Community Initiatives101 28,850 228,309 - - - - - - - - - - 257,159 1,526,626 17%Community Police Review Office 101- - - - - - - - - - - - - 103,199 0%Clerk101 46,576 41,333 - - - - - - - - - - 87,909 694,547 13%Common Council101 32,144 37,173 - - - - - - - - - - 69,318 724,941 10%General City101 67,500 8,329 - - - - - - - - - - 75,829 39,538,000 0%Controller' Office101 139,766 151,078 - - - - - - - - - - 290,844 2,569,304 11%Human Resources101 43,818 44,184 - - - - - - - - - - 88,001 957,327 9%Diversity & Inclusion101 38,739 36,167 - - - - - - - - - - 74,906 740,743 10%Human Rights101 31,753 32,791 - - - - - - - - - - 64,544 462,479 14%Legal101 101,032 110,529 - - - - - - - - - - 211,561 1,695,716 12%Sub Total605,508 773,000 - - - - - - - - - - 1,378,507 50,061,797 3%Public WorksEngineering101 229,205 230,682 - - - - - - - - - - 459,887 3,572,616 13%Sub Total229,205 230,682 - - - - - - - - - - 459,887 3,572,616 13%Public SafetyPolice101 2,437,107 2,264,379 - - - - - - - - - - 4,701,485 31,263,638 15%Crime Lab101 48,512 52,110 - - - - - - - - - - 100,622 869,889 12%Fire101 2,089,089 2,075,047 - - - - - - - - - - 4,164,136 26,347,790 16%EMS101 56,097 64,095 - - - - - - - - - - 120,191 843,828 14%Fire Training Center101 3,535 5,188 - - - - - - - - - - 8,723 148,630 6%Sub Total4,634,340 4,460,818 - - - - - - - - - - 9,095,158 59,473,774 15%Community InvestmentSusstainability101 1,808 546 - - - - - - - - - - 2,354 101,458 2%Sub Total1,808 546 - - - - - - - - - - 2,354 101,458 2%Arts & CultureMorris Performing Arts Center101 606,600 6,248 - - - - - - - - - - 612,848 656,962 93%Palais Royale Ballroom101 18,879 15,936 - - - - - - - - - - 34,815 229,403 15%Sub Total625,479 22,184 - - - - - - - - - - 647,663 886,365 73%Total General Fund6,096,339 5,487,230 - - - - - - - - - - 11,583,569 114,096,009 10%Venues, Parks & ArtsParks & RecreationPark Administration201 84,642 86,965 - - - - - - - - - - 171,607 1,133,336 15%Park Maintenance201 606,620 558,304 - - - - - - - - - - 1,164,924 8,037,456 14%Golf Courses201 94,822 83,034 - - - - - - - - - - 177,856 1,839,260 10%Recreational Experiences201 281,368 187,364 - - - - - - - - - - 468,733 2,470,739 19%Community Programming201 19,885 16,938 - - - - - - - - - - 36,822 1,611,638 2%Development & Promotions201 107,817 49,551 - - - - - - - - - - 157,368 969,442 16%Park Projects & Capital201 46,375 41,431 - - - - - - - - - - 87,806 1,696,920 5%Potawatomi Zoo201 350,150 150 - - - - - - - - - - 350,301 701,803 50%Park Debt201- 4,400 - - - - - - - - - - 4,400 5,000 88%Morris Palais Marketing273 74,852 - - - - - - - - - - - 74,852 100,000 75%Morris PAC Self-Promotion274 264,160 - - - - - - - - - - - 264,160 410,000 64%Coveleski Stadium Capital401- 6,962 - - - - - - - - - - 6,962 25,715 27%Professional Sports Convention Dev. Area 413- 664,810 - - - - - - - - - - 664,810 2,304,900 29%Morris PAC Improvement416 17,030 - - - - - - - - - - - 17,030 8,116,710 0%Palais Historic Preservation450- - - - - - - - - - - - - 35,000 0%Morris Performing Arts Center Operations 602 97,320 96,327 - - - - - - - - - - 193,647 1,683,579 12%Sub Total2,045,042 1,796,235 - - - - - - - - - - 3,841,277 31,141,500 12%Parking GaragesParking Enforcement60162 62 - - - - - - - - - - 123 738 17%Parking General Operations601 66,240 29,086 - - - - - - - - - - 95,326 577,121 17%Main Street Garage601 6,862 46,676 - - - - - - - - - - 53,538 310,157 17%Leighton Plaza Garage601 8,705 45,413 - - - - - - - - - - 54,118 272,322 20%Wayne Street Garage601 4,888 45,943 - - - - - - - - - - 50,831 253,157 20%Sub Total86,757 167,179 - - - - - - - - - - 253,936 1,413,495 18%Period Ending: February 28, 202225 City of South BendExpenditures by ActivityYear to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Century CenterCentury Center Operations 670 227,604 299,954 - - - - - - - - - - 527,558 4,094,958 13%Century Center Capital671- - - - - - - - - - - - - 35,000 0%Century Center Energy Saving672- - - - - - - - - - - - - 402,368 0%Sub Total227,604 299,954 - - - - - - - - - - 527,558 4,532,326 12%Total Venues, Parks & Arts2,359,402 2,263,369 - - - - - - - - - - 4,622,772 37,087,320 12%Public SafetyPolice DepartmentPolice Seizures216- - - - - - - - - - - - - 44,500 0%Curfew Violations218 13,888 - - - - - - - - - - - 13,888 18,799 74%Law Enforcement Education220 37,418 62,683 - - - - - - - - - - 100,101 340,568 29%Public Safety Local Income Tax - Police 249 488,040 488,040 - - - - - - - - - - 976,080 6,344,523 15%Police Take Home Vehicle278- - - - - - - - - - - - - 50,000 0%Police Block Grant280 4,165 - - - - - - - - - - - 4,165 4,338 96%Police Grants292 26,716 - - - - - - - - - - - 26,716 26,716 100%Police Academy294 146,411 - - - - - - - - - - - 146,411 175,000 84%COPS MORE Grants295 24,566 - - - - - - - - - - - 24,566 145,808 17%Drug Enforcement299- - - - - - - - - - - - - 28,500 0%K-9 Unit705 2,436 - - - - - - - - - - - 2,436 2,520 97%Sub Total743,640 550,723 - - - - - - - - - - 1,294,363 7,181,273 18%Fire DepartmentPublic Safety Local Income Tax - Fire 249 488,040 488,040 - - - - - - - - - - 976,080 6,344,524 15%Fire Department Capital287 567,083 - - - - - - - - - - - 567,083 6,798,339 8%Haz-Mat289- - - - - - - - - - - - - 10,000 0%Indiana River Rescue291 6,946 22,300 - - - - - - - - - - 29,246 99,359 29%Sub Total1,062,069 510,340 - - - - - - - - - - 1,572,409 13,252,222 12%Total Public Safety1,805,709 1,061,063 - - - - - - - - - - 2,866,772 20,433,495 14%Public WorksStreetsMotor Vehicle Highway202 1,398,252 764,390 - - - - - - - - - - 2,162,642 11,773,651 18%Local Road & Street251 20,092 2,268 - - - - - - - - - - 22,360 3,656,900 1%LOIT 2016 Special Distribution 257- - - - - - - - - - - - - 56,950 0%Local Road & Bridge Grant265- 197,847 - - - - - - - - - - 197,847 2,923,443 7%MVH Restricted Fund266 37,790 7,307 - - - - - - - - - - 45,097 5,147,306 1%Major Moves412- 867 - - - - - - - - - - 867 1,789,238 0%Project ReLeaf655 38,751 29,271 - - - - - - - - - - 68,022 449,708 15%Sub Total1,494,885 1,001,950 - - - - - - - - - - 2,496,835 25,797,196 10%Solid WasteSolid Waste Operations610 655,522 626,031 - - - - - - - - - - 1,281,552 7,106,763 18%Solid Waste Capital611 203,562 - - - - - - - - - - - 203,562 3,333,296 6%Sub Total859,084 626,031 - - - - - - - - - - 1,485,114 10,440,059 14%Water WorksWater Works Operations620 2,704,987 1,726,045 - - - - - - - - - - 4,431,032 24,213,606 18%Water Works Capital622 76,443 54,469 - - - - - - - - - - 130,912 12,735,287 1%Water Works Sinking (Debt Service) 625- 500 - - - - - - - - - - 500 2,662,430 0%Sub Total2,781,430 1,781,014 - - - - - - - - - - 4,562,444 39,611,323 12%Wastewater/Sewer/Organic ResourcesSewer Repair Insurance640 53,257 53,984 - - - - - - - - - - 107,241 753,069 14%Sewer Division641 542,054 435,590 - - - - - - - - - - 977,644 7,809,049 13%Concrete Crew641 46,554 43,557 - - - - - - - - - - 90,111 557,985 16%Wastewater Operations641 4,632,060 2,192,494 - - - - - - - - - - 6,824,554 35,630,625 19%Organic Resources641 165,677 74,217 - - - - - - - - - - 239,894 1,548,840 15%Sewage Works Capital642- - - - - - - - - - - - - 14,614,348 0%Sewage Works Sinking (Debt Service) 649 1,100 - - - - - - - - - - - 1,100 11,079,089 0%Sub Total5,440,702 2,799,843 - - - - - - - - - - 8,240,544 71,993,004 11%26 City of South BendExpenditures by ActivityYear to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022Storm Water FeesStorm Sewer Fund 667 2,385 10,083 - - - - - - - - - - 12,468 2,271,456 1%Sub Total2,385 10,083 - - - - - - - - - - 12,468 2,271,456 1%Total Public Works10,578,486 6,218,919 - - - - - - - - - - 16,797,406 150,113,038 11%Department of Community InvestmentStudebaker/Oliver Revitalizing Grant 209- - - - - - - - - - - - - 262,443 0%Economic Development State Grants 210- 5,649 - - - - - - - - - - 5,649 595,236 1%DCI Operating 211 254,919 275,336 - - - - - - - - - - 530,255 5,759,541 9%DCI Grants212 74,337 82,586 - - - - - - - - - - 156,924 9,443,375 2%Unsafe Building219700 1,510 - - - - - - - - - - 2,210 23,000 10%Rental Units Regulation221 10,065 11,650 - - - - - - - - - - 21,715 450,794 5%Neighborhood Services & Enforcement 230 234,472 186,104 - - - - - - - - - - 420,576 3,881,606 11%Animal Resource Center230 67,272 68,101 - - - - - - - - - - 135,373 1,132,829 12%UDAG410 6,000 - - - - - - - - - - - 6,000 24,000 25%Building Dept Operations600 173,560 143,680 - - - - - - - - - - 317,241 2,046,854 15%Industrial Revolving Fund754 123,432 2,272,544 - - - - - - - - - - 2,395,975 4,918,709 49%Total Dept of Community Investment944,756 3,047,161 - - - - - - - - - - 3,991,917 28,538,385 14%Liability InsuranceBusiness Insurance226 38,439 24,555 - - - - - - - - - - 62,994 1,230,000 5%Liability Insurance226 4,030 13,597 - - - - - - - - - - 17,627 3,001,754 1%Workers Compensation226 218,111 1,581 - - - - - - - - - - 219,692 1,268,000 17%Catastrophic Events226364 115 - - - - - - - - - - 479 103,324 0%Total Liability Insurance260,944 39,848 - - - - - - - - - - 300,792 5,603,078 5%Central ServicesEquipment Services222 763,846 748,148 - - - - - - - - - - 1,511,994 7,945,303 19%Radio Shop222 15,590 14,629 - - - - - - - - - - 30,219 283,073 11%Building Maintenance222 12,506 11,754 - - - - - - - - - - 24,260 221,091 11%Facilities Management222 14,890 6,925 - - - - - - - - - - 21,815 181,838 12%Central Services Capital222- 2,256 - - - - - - - - - - 2,256 242,425 1%Total Central Services806,831 783,711 - - - - - - - - - - 1,590,543 8,873,729 18%Capital & Debt Service Funds2017 Park Bond Debt Service312 572,683 - - - - - - - - - - - 572,683 1,169,368 49%2018 Fire Station #9 Debt Service 350 172,866 - - - - - - - - - - - 172,866 344,157 50%Local Income Tax - Certified Shares 404 1,470,173 1,635,497 - - - - - - - - - - 3,105,670 17,181,584 18%Cumulative Capital Development 406 40,076 11,974 - - - - - - - - - - 52,050 512,428 10%Cumulative Capital Improvement 407 19,946 19,945 - - - - - - - - - - 39,891 489,341 8%Local Income Tax - Economic Develop. 408 889,690 734,084 - - - - - - - - - - 1,623,774 18,907,859 9%2018 Fire Station #9 Bond Capital 451- - - - - - - - - - - - - - NA 2021 Infrastructure Bond Capital 455- 33,466 - - - - - - - - - - 33,466 3,815,260 1%2017 Park Bond Capital471- 111,492 - - - - - - - - - - 111,492 4,264,527 3%Equipment / Vehicle Leasing750- - - - - - - - - - - - - - NA Redevelopment Authority Debt Service 752- 1,231,178 - - - - - - - - - - 1,231,178 2,859,282 43%South Bend Building Corporation 755- 1,388,778 - - - - - - - - - - 1,388,778 2,562,480 54%2015 Smart Streets Bond Debt Service 756- 853,784 - - - - - - - - - - 853,784 1,711,694 50%2015 Park Bond Debt Service757- 187,141 - - - - - - - - - - 187,141 372,557 50%2017 Eddy St. Commons Bond Capital 759- - - - - - - - - - - - - - NA 2017 Eddy St. Commons Bond Debt 760- 962,625 - - - - - - - - - - 962,625 1,926,375 50%Total Capital & Debt Service3,165,433 7,169,965 - - - - - - - - - - 10,335,398 56,116,911 18%27 City of South BendExpenditures by ActivityYear to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of BudgetPeriod Ending: February 28, 2022OtherInternal Service FundsIT / Innovation /311 Call Center 279 796,631 859,083 - - - - - - - - - - 1,655,714 10,643,243 16%Self-Funded Employee Benefits 711 1,355,367 1,263,751 - - - - - - - - - - 2,619,118 18,399,864 14%Unemployment Compensation713611 1,625 - - - - - - - - - - 2,236 80,000 3%Parental Leave714 6,041 9,818 - - - - - - - - - - 15,859 253,846 6%Sub Total2,158,649 2,134,277 - - - - - - - - - - 4,292,927 29,376,953 15%MiscellaneousGift, Donation, Bequest217 16,100 51,404 - - - - - - - - - - 67,504 650,289 10%Loss Recovery227- - - - - - - - - - - - - - NA Human Rights Federal Grants258 14,958 15,083 - - - - - - - - - - 30,041 248,783 12%American Rescue Plan263 1,859,986 28,704 - - - - - - - - - - 1,888,690 13,510,000 14%COVID-19 Response264 57,024 41,280 - - - - - - - - - - 98,304 790,735 12%Sub Total1,948,068 136,471 - - - - - - - - - - 2,084,539 15,199,807 14%Fiduciary FundsFire Pension701 344,630 342,637 - - - - - - - - - - 687,267 4,583,888 15%Police Pension702 504,789 504,920 - - - - - - - - - - 1,009,709 6,057,740 17%Sub Total849,419 847,558 - - - - - - - - - - 1,696,977 10,641,628 16%Total Other4,956,137 3,118,306 - - - - - - - - - - 8,074,443 55,218,388 15%Total Civil City30,974,038 29,189,572 - - - - - - - - - - 60,163,610 476,080,353 13%Redevelopment Commission Controlled FundsTax Increment Financing FundsTIF River West Development Area 324 4,399,775 339,849 - - - - - - - - - - 4,739,625 22,956,292 21%TIF West Washington422- - - - - - - - - - - - - 228,561 0%TIF River East Development Area 429 27,053 83,420 - - - - - - - - - - 110,473 6,067,301 2%TIF Southside Development #1 430 51,507 1,494 - - - - - - - - - - 53,000 7,611,164 1%TIF Douglas Road435 178,553 - - - - - - - - - - - 178,553 254,036 70%TIF River East Residential Area 436 2,195,625 246,664 - - - - - - - - - - 2,442,289 4,921,704 50%Sub Total6,852,513 671,427 - - - - - - - - - - 7,523,940 42,039,058 18%Redevelopment FundsRedevelopment General433 110,000 3,675 - - - - - - - - - - 113,675 329,783 34%Certified Technology Park439- - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital452- - - - - - - - - - - - - 2,389,024 0%Airport Urban Enterprise Zone 454- - - - - - - - - - - - - - NA Sub Total110,000 3,675 - - - - - - - - - - 113,675 2,718,807 4%Debt Service Funds2019 South Shore Double Tracking Res. 352- 516,625 - - - - - - - - - - 516,625 1,029,750 50%2020 TIF Library Bond Debt Reserve 353- 8 - - - - - - - - - - 8 - NA Sub Total- 516,633 - - - - - - - - - - 516,633 1,029,750 50%Total Redevelopment Funds6,962,513 1,191,735 - - - - - - - - - - 8,154,248 45,787,614 18%Total Expenditures37,936,551 30,381,307 - - - - - - - - - - 68,317,859 521,867,967 13%28 Civil City DebtCapital Leases158 2017 Vehicle/Equip Lease No. 1 2017 N/A 2022 Various Biannual 2,916,500 610,788 - 610,788 9,512 620,300 - 162 2017 Vehicle/Equip Lease No. 2 2017 N/A 2022 404 Biannual 1,632,000 339,059 - 339,059 4,951 344,011 - 167 2017 HP Computer Lease 15 2018 N/A 2022 279 Monthly 9,698 1,033 - 1,033 6 1,040 - 170 2018 HP Computer Lease 172018 N/A 2022 279 Monthly 9,092 1,481 - 1,481 21 1,502 - 171 2018 Vehicle/Equip Lease #1 (PNC) Sched 12018 N/A 2023 Various Biannual 5,898,310 1,861,369 - 1,231,772 40,539 1,272,311 629,597 173 2018 Canon Copier Leases 1 & 22018 N/A 2023 279 Monthly 297,967 103,126 - 63,768 3,708 67,476 39,358 174 2018 HP Computer Lease 182018 N/A 2022 279 Monthly 214,471 49,194 - 49,194 1,181 50,375 - 177 2018 Vehicle/Equip Lease #22018 N/A 2023 Various Biannual 522,878 217,002 - 106,781 6,089 112,870 110,221 178 2018 Fitness Equipment Lease2018 N/A 2023 201 Annual 205,473 84,925 - 41,164 5,359 46,522 43,761 180 2018 HP Computer Lease 192018 N/A 2023 279 Monthly 36,860 11,894 - 11,894 377 12,272 - 181 2019 Dell Computer Equipment Lease2019 N/A 2022 279 Biannual 7,984 1,704 - 1,704 123 1,827 - 182 2019 Vehicle/Equip Lease #12019 N/A 2024 Various Biannual 1,472,985 755,651 - 297,131 15,545 312,676 458,520 183 2018 Golf Cart Lease2018 N/A 2022 201 Annual 146,287 32,180 - 32,180 1,609 33,789 - 184 2019 Dell Computer Equipment Lease 22019 N/A 2023 279 Annual 51,468 21,695 - 10,654 788 11,442 11,041 185 2019 AT&T Lease 52019 N/A 2022 279 Monthly 17,310 1,543 - 1,543 13 1,556 - 186 2019 Golf Cart Lease2019 N/A 2023 201 Annual 168,970 72,569 - 35,399 3,628 39,028 37,169 187 2018 HP Computer Lease 212019 N/A 2023 279 Monthly 237,388 123,173 - 54,540 4,905 59,445 68,633 188 2019 AT&T Lease 62019 N/A 2022 279 Monthly 8,755 1,295 - 1,295 16 1,311 - 189 2019 AT&T Lease 72019 N/A 2022 279 Monthly 5,400 799 - 799 10 809 - 190 2019 Canon Copier Lease 32019 N/A 2023 279 Monthly 5,584 2,350 - 1,255 89 1,344 1,095 191 2019 Canon Copier Lease 42019 N/A 2023 279 Monthly 3,514 1,422 - 885 51 936 537 192 2019 Canon Copier Lease 52019 N/A 2023 279 Monthly 9,249 3,686 - 2,427 129 2,556 1,260 193 2019 Canon Copier Lease 62019 N/A 2023 279 Monthly 11,464 5,056 - 2,983 185 3,168 2,073 194 2019 Dell Equipment Lease 3 (Fire)2019 N/A 2023 279 Annual 3,800 1,629 - 795 79 874 834 196 2019 HP Computer Lease 202019 N/A 2023 279 Monthly 24,205 13,031 - 5,604 554 6,159 7,426 197 2019 Lease of SmartNet & VOIP2019 N/A 2022 279 Annual 286,353 97,347 - 97,347 1,947 99,294 - 198 2019 AT&T Lease 82019 N/A 2022 279 Monthly 6,034 1,940 - 1,940 49 1,989 - 199 2019 AT&T Lease 92019 N/A 2022 279 Monthly 10,059 2,923 - 2,923 57 2,980 - 201 2020 Dell Computer Equipment Lease 4 2020 N/A 2024 279 Annual 33,000 19,737 - 6,129 1,414 7,543 13,608 202 2020 HP Computer Lease 222020 N/A 2024 279 Monthly 39,800 22,899 - 8,976 877 9,853 13,923 203 2020 VLocker Equipment Lease Purchase2020 N/A 2025 201 Annual 86,961 62,126 - 12,814 1,313 14,126 49,312 204 2020 AT&T Lease 102020 N/A 2023 279 Monthly 18,103 7,872 - 6,258 250 6,508 1,614 205 2020 Dell Computer Equipment Lease 5 2020 N/A 2024 279 Annual 11,455 6,851 - 2,128 491 2,618 4,723 206 2020 HP Computer Lease 232020 N/A 2024 279 Monthly 29,652 18,635 - 6,616 567 7,184 12,019 207 2020 Dell Computer Equipment Lease 62020 N/A 2023 279 Annual 217,111 108,453 - 53,049 4,817 57,865 55,405 208 2020 Canon Copier Lease 72020 N/A 2023 279 Monthly 3,575 1,836 - 1,213 47 1,260 623 209 2020 Vehicle/Equip Lease #12020 N/A 2025 Various Biannual 6,156,108 4,946,981 - 1,216,287 51,546 1,267,832 3,730,694 211 2020 Canon Copier Lease 82020 N/A 2023 279 Monthly 5,625 3,312 - 2,068 92 2,160 1,244 213 2021 Canon Copier Lease 92021 N/A 2023 279 Monthly 2,566 1,845 - 1,025 103 1,128 820 214 2021 Network Solutions Cisco Infrastructure Lease2021 N/A 2025 279 Annual 900,000 682,171 - 164,926 15,260 180,186 517,245 216 2021 Dell Computer Equipment Lease 72021 N/A 2025 279 Annual 529,046 415,089 - 97,963 15,994 113,957 317,125 217 2021 Dell Computer Equipment Lease 82021 N/A 2024 279 Annual 214,222 157,550 - 50,517 6,155 56,672 107,032 218 2021 Vehicle/Equip Lease #12021 N/A 2026 Various Biannual 3,691,270 3,691,270 - 728,432 28,501 756,933 2,962,838 220 2022 IT Networking Equipment Lease2022 N/A 2026 279 Annual 166,343 - 166,343 39,571 527 40,098 126,773 Total City Capital Lease Debt26,324,891 14,566,490 166,343 5,406,309 229,474 5,635,784 9,326,524 Bonds25 2012 Water Works Refunding Revenue Bonds2002 2012 2023 625 Biannual 5,975,000 425,000 - 425,000 8,500 433,500 - 39 2012 Bldg Corp Mortgage Refunding Bonds (Fire/Police Bldgs) 2003 2012 2023 755 Biannual 21,335,000 2,250,000 - 1,480,000 75,000 1,555,000 770,000 69 2009 Water Works Revenue Bonds, Series B2009 2019 2030 625 Biannual 2,814,257 2,814,257 - 124,257 161,117 285,374 2,690,000 2022Principal2022InterestCity of South BendFiscal Year 2022Outstanding DebtDebtSched.Debt InstrumentYear ofIssueYear ofRefinanceYear ofMaturityFundNo.2022 TotalDebt PaymentsDebt at12/31/22PmtsAmountIssuedDebt at1/1/222022Additions29 2022Principal2022InterestCity of South BendFiscal Year 2022Outstanding DebtDebtSched.Debt InstrumentYear ofIssueYear ofRefinanceYear ofMaturityFundNo.2022 TotalDebt PaymentsDebt at12/31/22PmtsAmountIssuedDebt at1/1/222022Additions80 2020 Sewage Works Revenue Bonds Refunding 20102010 2020 2030 649 Biannual 4,830,000 4,290,000 - 405,000 171,600 576,600 3,885,000 99 2012 Water Works Revenue Bonds2012 N/A 2033 625 Biannual 8,300,000 5,080,000 - 395,000 167,236 562,236 4,685,000 101 2012 Sewage Works Revenue Bonds 2012 N/A 2032 649 Biannual 25,000,000 15,390,000 - 1,185,000 376,680 1,561,680 14,205,000 105 2013A Sewage Works Refunding Revenue Bonds2013 N/A 2024 649 Biannual 14,765,000 2,110,000 - 690,000 40,934 730,934 1,420,000 116 2013 Bldg Corp Mortgage Bonds (Fire St #5 & Training Tower) 2013 N/A 2033 755 Biannual 5,580,000 3,970,000 - 255,000 141,780 396,780 3,715,000 133 2014 St. Joseph County PSAP Revenue Bonds2014 N/A 2034 408 Monthly 2,657,697 1,738,897 - 143,699 55,725 199,423 1,595,199 141 2015 Redev Authority Lease Rental Revenue Bonds (Parks) 2015 N/A 2035 757 Biannual 5,605,000 4,310,000 - 230,000 142,556 372,556 4,080,000 145 2015 Sewage Works Refunding Bonds2015 N/A 2025 649 Biannual 27,440,000 11,720,000 - 2,835,000 234,400 3,069,400 8,885,000 156 2016 Waterworks Refunding Bonds2016 N/A 2027 625 Biannual 3,300,000 1,500,000 - 280,000 45,000 325,000 1,220,000 163 2017 Taxable Econ. Develop. Revenue Bonds (Eddy St Phase II) 2017 N/A 2037 760 Biannual 25,000,000 24,305,000 - 720,000 1,206,375 1,926,375 23,585,000 165 2017 Park District Bonds, Series 2017A-K2017 N/A 2033 312 Biannual 14,075,000 11,345,000 - 830,000 339,365 1,169,365 10,515,000 168 2018 General Obligation Bonds (Fire St #9 & Training Classroom) 2018 N/A 2038 287 Biannual 5,045,000 4,400,000 - 210,000 134,156 344,156 4,190,000 175 2018 Econ. Develop. Revenue Bonds (Potawatomi Zoo)2018 N/A 2034 408 Biannual 3,440,000 3,000,000 - 190,000 142,100 332,100 2,810,000 215 2021 Bldg Corp LIT Lease Rental Revenue Bonds (Infrastructure) 2021 N/A 2036 755 Biannual 7,610,000 7,460,000 - 340,000 265,700 605,700 7,120,000 219 2021 Sewage Works Refunding Revenue Bonds (Ref 2009 & 2011) 2021 N/A 2031 649 Biannual 12,450,000 12,335,000 - 1,160,000 384,150 1,544,150 11,175,000 221 2022 Morris Performing Arts Center Revenue Bonds2022 N/A 2046 752 Biannual 6,395,000 - 6,395,000 105,000 80,046 185,046 6,290,000 222 2022 Economic Develop Revenue Bonds (Zoo Project)2022 N/A 2042 755 Biannual 5,715,000 - 5,715,000 120,000 69,476 189,476 5,595,000 Total City Bond Debt207,331,953 118,443,154 12,110,000 12,122,955 4,241,897 16,364,852 118,430,199 Interfund Loan82 2010 Interfund Loan from Fund 404 to UDAG Fund 4102010 N/A 2026 410 Biannual 2,700,000 356,253 - 24,000 - 24,000 332,253 84 2013 Major Moves-Triangle Development Interfund Loan2011 2013 2029 436 Biannual 1,558,050 836,359 - 104,686 16,206 120,892 731,674 85 2013 Major Moves-Eddy Street Commons Interfund Loan2011 2013 2026 436 Biannual 3,942,529 716,123 - 340,838 31,598 372,436 375,285 Total City Interfund Loan Debt8,200,579 1,908,735 - 469,523 47,805 517,328 1,439,212 Loan Payable68 2009 Water Works Improvements - State Revolving Fund2009 N/A 2030 625 Biannual 427,400 220,712 - 24,682 7,438 32,120 196,030 139 2015 Century Center Energy QECB Conservation Bond2015 N/A 2031 672 Biannual 4,167,897 3,079,026 - 297,175 105,192 402,367 2,781,851 Total City Loan Payable Debt4,595,297 3,299,738 - 321,857 112,630 434,487 2,977,881 Total Civil City Debt246,452,720 138,218,117 12,276,343 18,320,645 4,631,806 22,952,451 132,173,815 Redevelopment Commission DebtCapital Leases13 2006 Main/Colfax Garage - Transpo Lease (Parking Garage Purch) 2006 N/A 2025 324 Biannual 2,510,278 717,014 - 166,202 33,798 200,000 550,812 Total Redevelopment Capital Lease Debt2,510,278 717,014 - 166,202 33,798 200,000 550,812 Revenue Bonds5 2011A Indiana Bond Bank Special Program Bonds (TIF A) 2003 2011 2024 324 Biannual 19,795,000 5,265,000 - 1,670,000 248,847 1,918,847 3,595,000 6 2011A Indiana Bond Bank Special Program Bonds (TIF B)2003 2011 2024 324 Biannual 14,420,000 3,000,000 - 950,000 141,794 1,091,794 2,050,000 54 2015 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2015 2027 436 Biannual 36,000,000 23,015,000 - 1,585,000 882,856 2,467,856 21,430,000 62 2013 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2013 2026 324 Biannual 4,655,000 1,585,000 - 340,000 46,425 386,425 1,245,000 135 2015 Redev Authority Lease Rental Revenue Bonds (Smart Streets) 2015 N/A 2037 324 Biannual 25,000,000 20,600,000 - 1,060,000 649,694 1,709,694 19,540,000 169 2018 Redev District Revenue Bonds (Parks Improvements) 2018 N/A 2033 324 Biannual 11,995,000 9,570,000 - 705,000 281,850 986,850 8,865,000 200 2019 South Shore Double Tracking Bonds2019 N/A 2030 324 Biannual 7,985,000 7,065,000 - 685,000 344,750 1,029,750 6,380,000 210 2020 TIF Library Bonds2020 N/A 2037 324 Biannual 4,225,000 4,150,000 - 220,000 106,015 326,015 3,930,000 Total Redevelopment Revenue Bond Debt124,075,000 74,250,000 - 7,215,000 2,702,230 9,917,230 67,035,000 Total Redevelopment Commission Debt126,585,278 74,967,014 - 7,381,202 2,736,028 10,117,230 67,585,812 Total Debt373,037,998 213,185,131 12,276,343 25,701,847 7,367,835 33,069,682 199,759,627 30 City of South BendStaffing HeadcountFull-Time Staffing Summary by FundBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec101 - General FundMayor's Office 8 9 9 - - - - - - - - - - Community Initiatives6 4 4 - - - - - - - - - - Community Police Review Board 1 - - - - - - - - - - - - City Clerk5 3 4 - - - - - - - - - - Common Council9 9 9 - - - - - - - - - - Controller's Office21 17 17 - - - - - - - - - - Human Resources8 5 5 - - - - - - - - - - Diversity & Inclusion3 3 3 - - - - - - - - - - Human Rights4 4 3 - - - - - - - - - - Legal Department13 10 9 - - - - - - - - - - Engineering25 23 23 - - - - - - - - - - Police Department276 270 260 - - - - - - - - - - Police Crime Lab7 6 6 - - - - - - - - - - Fire Department265 251 243 - - - - - - - - - - EMS4 4 4 - - - - - - - - - - 655 618 599 - - - - - - - - - - 201 - Parks & RecreationAdministration5 5 6 - - - - - - - - - - Maintenance43 43 47 - - - - - - - - - - Golf Courses9 7 7 - - - - - - - - - - Recreational Experiences10 10 10 - - - - - - - - - - Community Programming14 11 7 - - - - - - - - - - Development & Promotions7 7 6 - - - - - - - - - - 88 83 83 - - - - - - - - - - 202 - Motor Vehicle HighwayStreets/Traffic & Lighting51 52 50 - - - - - - - - - - Curb & Sidewalk8 7 8 - - - - - - - - - - 59 59 58 - - - - - - - - - - 211 - Dept of Community Investment OperatingCommunity Investment37 28 28 - - - - - - - - - - Historic Preservation2 2 2 - - - - - - - - - - Office of Sustainability2 1 1 - - - - - - - - - - 41 31 31 - - - - - - - - - - 221 - Rental Units RegulationRental Unit Inspection5 2 1 - - - - - - - - - - February 28, 202231 City of South BendStaffing HeadcountFebruary 28, 2022Full-Time Staffing Summary by FundBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec222 - Central ServicesEquipment Services 31 26 26 - - - - - - - - - - Radio Shop3 2 2 - - - - - - - - - - Building Maintenance3 2 1 - - - - - - - - - - Facilities Management1 - - - - - - - - - - - - 38 30 29 - - - - - - - - - - 230 - Code Enforcement FundNeighborhood Services20 20 20 - - - - - - - - - - Animal Resource Center9 7 8 - - - - - - - - - - 29 27 28 - - - - - - - - - - 258 - Human Rights Federal GrantsEEOC1 1 1 - - - - - - - - - - HUD1 1 1 - - - - - - - - - - 2 2 2 - - - - - - - - - - 279 - IT / Innovation / 311 Call Center311 Call Center8 8 8 - - - - - - - - - - Innovation & Technology24 22 21 - - - - - - - - - - 32 30 29 - - - - - - - - - - 600 - Consolidated Building FundBuilding Department16 15 15 - - - - - - - - - - 602 - Morris Performing Arts Center OperationsMorris Performing Arts Center9 9 8 - - - - - - - - - - 610 - Solid WasteSolid Waste25 23 24 - - - - - - - - - - 620 - Water WorksWater Works68 62 61 - - - - - - - - - - 640 - Sewer InsuranceSewer Repair2 2 2 - - - - - - - - - - 32 City of South BendStaffing HeadcountFebruary 28, 2022Full-Time Staffing Summary by FundBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec641 - Sewage Works Sewers 35 36 34 - - - - - - - - - - Concrete Crew4 5 4 - - - - - - - - - - Wastewater44 39 42 - - - - - - - - - - Organic Resources6 6 6 - - - - - - - - - - 89 86 86 - - - - - - - - - - 670 - Century CenterCentury Center7 5 5 - - - - - - - - - - Total Full-Time Employees by Fund1,165 1,084 1,061 - - - - - - - - - - Full-Time Staffing Summary by ActivityBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecGeneral GovernmentMayor's Office 8 9 9 - - - - - - - - - - Community Initiatives6 4 4 - - - - - - - - - - City Clerk5 3 4 - - - - - - - - - - Community Police Review Board 1 - - - - - - - - - - - - Common Council9 9 9 - - - - - - - - - - Controller's Office21 17 17 - - - - - - - - - - Human Resources8 5 5 - - - - - - - - - - Diversity & Inclusion3 3 3 - - - - - - - - - - Human Rights6 6 5 - - - - - - - - - - Legal Department13 10 9 - - - - - - - - - - Central Services38 30 29 - - - - - - - - - - 118 96 94 - - - - - - - - - - Public WorksEngineering25 23 23 - - - - - - - - - - Streets & Sewers100 102 98 - - - - - - - - - - Solid Waste25 23 24 - - - - - - - - - - Wastewater44 39 42 - - - - - - - - - - Organic Resources6 6 6 - - - - - - - - - - Water Works68 62 61 - - - - - - - - - - 268 255 254 - - - - - - - - - - 33 City of South BendStaffing HeadcountFebruary 28, 2022Full-Time Staffing Summary by ActivityBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecPublic SafetyPolice - Sworn Officers 232 228 218 - - - - - - - - - - Police - Civilians43 42 42 - - - - - - - - - - Police - Police Recruit8 6 6 - - - - - - - - - - Fire/EMS - Sworn Firefighters 256 248 240 - - - - - - - - - - Fire/EMS - Civilians7 7 7 - - - - - - - - - - Fire/EMS - Fire Recruits6 - - - - - - - - - - - - 552 531 513 - - - - - - - - - - Venues, Parks & ArtsParks & Recreation88 83 83 - - - - - - - - - - Morris Performing Arts Center9 9 8 - - - - - - - - - - Century Center7 5 5 - - - - - - - - - - 104 97 96 - - - - - - - - - - Department of Community InvestmentCommunity Investment39 30 30 - - - - - - - - - - Office of Sustainability2 1 1 - - - - - - - - - - Neighborhood Services25 22 21 - - - - - - - - - - Animal Resource Center9 7 8 - - - - - - - - - - Building Department16 15 15 - - - - - - - - - - 91 75 75 - - - - - - - - - - Department of Innovation & Technology32 30 29 - - - - - - - - - - Total Full-Time Employees by Activity1,165 1,084 1,061 - - - - - - - - - - Part-Time Staffing Summary by FundJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec101 - General FundHuman Rights 1 1 - - - - - - - - - - Legal Department 1 1 - - - - - - - - - - Engineering 1 1 - - - - - - - - - - Police Department 18 20 - - - - - - - - - - Police Crime Lab 1 1 - - - - - - - - - - Fire Department 1 1 - - - - - - - - - - 23 25 - - - - - - - - - - 34 City of South BendStaffing HeadcountFebruary 28, 2022Part-Time Staffing Summary by FundJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec201 - Parks & RecreationMaintenance 13 9 - - - - - - - - - - Golf Courses 6 10 - - - - - - - - - - Recreational Experiences 18 18 - - - - - - - - - - Development & Promotions 1 1 - - - - - - - - - - 38 38 - - - - - - - - - - 202 - Motor Vehicle HighwayStreets/Traffic & Lighting2 2 - - - - - - - - - - 222 - Central ServicesEquipment Services1 1 - - - - - - - - - - 230 - Code Enforcement FundNeighborhood Services 1 1 - - - - - - - - - - Animal Resource Center2 2 - - - - - - - - - - 3 3 - - - - - - - - - - 602 - Morris Performing Arts Center OperationsMorris Performing Arts Center3 3 - - - - - - - - - - 641 - Sewage Works Sewers4 4 - - - - - - - - - - 670 - Century CenterCentury Center3 3 - - - - - - - - - - Total Part-Time Employees by Fund77 79 - - - - - - - - - - Paid Temporary, Seasonal, and Intern StaffingJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec101 - General FundMayor's Office 2 2 - - - - - - - - - - City Clerk 1 1 - - - - - - - - - - Diversity & Inclusion 2 2 - - - - - - - - - - 5 5 - - - - - - - - - - 201 - Parks & RecreationMaintenance3 3 - - - - - - - - - - Golf Courses- 2 - - - - - - - - - - Recreational Experiences58 54 - - - - - - - - - - 61 59 - - - - - - - - - - 35 City of South BendStaffing HeadcountFebruary 28, 2022Paid Temporary, Seasonal, and Intern StaffingJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec230 - Code Enforcement FundAnimal Resource Center 1 1 - - - - - - - - - - 1 1 - - - - - - - - - - 641 - Sewage Works Sewers1 1 - - - - - - - - - - Wastewater1 - - - - - - - - - - - 2 1 - - - - - - - - - - Total Paid Temporary, Seasonal, and Intern Staff69 66 - - - - - - - - - - Staffing SummaryBudgetFull-Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecFull Time Staff1,165 1,084 1,061 - - - - - - - - - - Part Time Staff77 79 - - - - - - - - - - Temporary / Seasonal69 66 - - - - - - - - - - City Total1,165 1,230 1,206 - - - - - - - - - - 36 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 40,660,123 43,659,873 44,975,102 44,975,102 - - 44,975,102 0% Intergov./ Shared Revenues 4,837,992 4,251,806 4,000,122 4,000,122 93,608 93,608 3,906,514 2% Intergov./ Grants 191,097 1,482,045 - - - - - - Licenses & Permits 281,230 258,054 294,125 294,125 52,248 52,248 241,877 18% Charges for Services 4,468,596 5,286,199 4,135,160 4,135,160 555,704 555,704 3,579,456 13% Fines, Forfeitures, and Fees 5,298 6,235 8,525 8,525 410 410 8,115 5% Interest Earnings 309,268 290,597 481,983 481,983 41,444 41,444 440,539 9% Donations 1,357,432 1,769,377 1,365,000 1,365,000 - - 1,365,000 0% Other Income 1,706,245 1,238,059 1,333,520 1,333,520 364,359 364,359 969,161 27% Interfund Allocation Reimb 8,563,135 9,896,054 10,544,420 10,544,420 1,757,404 1,757,404 8,787,017 17% Interfund Transfers In 6,283,500 2,727,079 - - - - - - PILOT 6,221,791 6,154,321 6,079,325 6,079,325 3,039,663 3,039,663 3,039,663 50% Total Revenue 74,885,707 77,019,698 73,217,282 73,217,282 5,904,839 5,904,839 67,312,444 8% Expenditures by Subdivisions Mayor 1,037,853 990,182 1,048,882 1,048,915 158,436 786 159,222 889,693 15% Community Initiatives 300,312 857,425 1,160,126 1,526,626 257,159 112,700 369,859 1,156,767 24% Community Police Review Office - 27,206 103,199 103,199 - - - 103,199 0% City Clerk 512,958 633,713 694,547 694,547 87,909 1,168 89,078 605,469 13% Common Council 483,761 593,820 724,311 724,941 69,318 - 69,318 655,623 10% General City 44,841 4,991,093 36,238,000 39,538,000 75,829 1,384,118 1,459,947 38,078,053 4% Finance 2,217,244 2,111,012 2,535,491 2,569,304 290,844 30,637 321,481 2,247,823 13% Human Resources 597,913 651,325 957,327 957,327 88,001 - 88,001 869,326 9% Diversity & Inclusion 254,986 546,687 611,073 740,743 74,906 131,317 206,222 534,521 28% Human Rights General 267,591 295,679 462,479 462,479 64,544 34,990 99,534 362,945 22% Legal Dept 1,299,029 1,399,494 1,695,716 1,695,716 211,561 12,639 224,200 1,471,516 13% Police General 27,639,992 30,031,479 31,101,209 31,263,638 4,701,485 507,407 5,208,892 26,054,745 17% Crime Lab 552,838 628,676 868,577 869,889 100,622 1,195 101,817 768,071 12% Fire General 26,056,166 26,373,821 26,165,969 26,347,790 4,164,136 388,647 4,552,783 21,795,006 17% EMS 592,302 710,778 825,174 843,828 120,191 30,972 151,164 692,664 18% Fire Training Center 30,175 32,253 148,000 148,630 8,723 3,239 11,962 136,668 8% Morris PAC 1,003,966 1,106,303 600,000 656,962 612,848 44,114 656,962 - 100% Palais Royale 221,414 149,547 208,649 229,403 34,815 37,814 72,629 156,774 32% Engineering 2,879,656 3,123,492 3,435,362 3,572,616 459,887 129,332 589,219 2,983,397 16% Sustainability 234,165 90,441 - 101,458 2,354 99,104 101,458 - 100% AmeriCorps 307,799 222,663 - - - - - - - Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 11,583,569 2,950,179 14,533,748 99,562,260 13% Expenditures by Type Personnel Salaries & Wages 38,858,879 39,390,302 36,304,419 36,304,419 5,223,878 - 5,223,878 31,080,541 14% Fringe Benefits 13,303,099 13,920,158 17,929,005 17,929,005 2,524,964 1,050 2,526,014 15,402,991 14% Total Personnel 52,161,978 53,310,460 54,233,424 54,233,424 7,748,842 1,050 7,749,892 46,483,532 14% Supplies 1,720,163 2,033,958 2,265,998 2,487,218 487,004 301,530 788,534 1,698,684 32% Services & Charges Professional Services 1,755,294 1,811,607 2,011,038 2,343,277 137,294 792,636 929,930 1,413,346 40% Printing & Advertising 83,792 188,451 185,430 266,804 82,154 63,683 145,837 120,967 55% Utilities 663,087 654,363 614,408 614,408 113,438 - 113,438 500,970 18% Repairs & Maintenance 2,191,066 1,951,940 2,363,099 4,073,497 360,743 204,980 565,723 3,507,774 14% Education & Training 152,685 186,351 296,460 365,698 34,442 69,539 103,981 261,717 28% Travel 17,787 25,843 92,000 95,356 6,593 6,039 12,632 82,724 13% Grants & Subsidies 48,635 390,075 36,645,000 27,280,099 269,652 337,700 607,352 26,672,747 2% Other Services & Charges 500,043 598,363 575,573 7,284,567 126,463 96,386 222,849 7,061,718 3% Debt Service Principal 149,934 145,798 - - - - - - - Debt Service Interest & Fees 3,937 1,667 - - - - - - - Total Services & Charges 5,566,260 5,954,459 42,783,008 42,323,705 1,130,779 1,570,964 2,701,743 39,621,963 6% Operating Expenditures 59,448,401 61,298,878 99,282,430 99,044,348 9,366,625 1,873,544 11,240,169 87,804,179 11% Capital - - - 2,750,000 - 1,076,635 1,076,635 1,673,365 39% Interfund Interfund Allocations 6,910,980 9,320,120 9,701,661 9,701,661 1,616,944 - 1,616,944 8,084,718 17% Interfund Transfers Out 175,579 4,948,093 600,000 2,600,000 600,000 - 600,000 2,000,000 23% Total Interfund 7,086,559 14,268,213 10,301,661 12,301,661 2,216,944 - 2,216,944 10,084,718 18% Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 11,583,569 2,950,179 14,533,748 99,562,262 13% Net Surplus / (Deficit) 8,350,746 1,452,607 (36,366,809) (40,878,727) (5,678,730) (8,628,909) Beginning Cash Balance 44,871,229 53,544,921 54,208,073 Cash Adjustments 322,946 (789,455) - Ending Cash Balance 53,544,921 54,208,073 13,329,347 48,775,819 Cash Reserves Target 23,287,236 26,448,482 39,933,603 Fund Purpose: The General Fund is the primary operating fund for City operations including general government, public safety, certain culture & recreation expenses, and certain debt service obligations. The main source of revenue is property taxes. Secondary sources of revenue include auto and commercial vehicle excise tax, business licensing revenue, EMS billing revenue, and payment in lieu of taxes (PILOT) from the Water and Wastewater Utility. Cash Reserves Target 35% of Annual expenditures 37 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name Mayor's Office Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 568,439 577,992 621,971 621,971 92,958 - 92,958 529,013 15% Fringe Benefits 199,062 205,069 231,870 231,870 35,497 - 35,497 196,373 15% Total Personnel 767,501 783,061 853,841 853,841 128,456 - 128,456 725,386 15% Supplies 6,028 3,888 5,500 5,500 1,044 60 1,103 4,397 20% Services & Charges Professional Services 143,724 - 7,000 6,500 - - - 6,500 0% Printing & Advertising 25,634 43,385 41,500 39,500 4,216 438 4,654 34,846 12% Repairs & Maintenance 800 650 300 300 33 - 33 267 11% Education & Training - 171 1,000 1,000 - - - 1,000 0% Travel - - 3,500 3,500 - - - 3,500 0% Other Services & Charges 740 1,110 500 3,033 2,063 289 2,352 681 78% Total Services & Charges 170,898 45,316 53,800 53,833 6,313 726 7,039 46,794 13% Operating Expenditures 944,428 832,264 913,141 913,174 135,812 786 136,599 776,577 15% Interfund Allocations 93,425 157,918 135,741 135,741 22,624 - 22,624 113,118 17% Total Expenditures 1,037,853 990,182 1,048,882 1,048,915 158,436 786 159,222 889,695 15% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Leading the community to become a model city through formulating policy, directing operations, and responding to customer concerns. The Mayor is the elected chief executive officer of the city. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. Personnel - The personnel budget for the Mayor's Office includes wages and benefits for the Mayor and seven (7) full-time staff members, along with a small budget for interns. | Supplies - The supplies budget includes office supplies and promotional supplies. | Services - Professional services include outside legal services. The Professional Services budget was much higher in 2020 due to a one-time services contract ($180k) with a law enforcement consulting firm. 21CP Solutions was brought in to evaluate the South Bend Police Department and provide suggestions for policy improvements. 38 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Community Initiatives Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 119,402 218,129 320,394 320,394 34,592 - 34,592 285,802 11% Fringe Benefits 46,102 91,386 144,080 144,080 16,302 - 16,302 127,778 11% Total Personnel 165,504 309,515 464,474 464,474 50,893 - 50,893 413,580 11% Supplies - - - - - - - - - Services & Charges Professional Services 134,808 210,500 273,000 335,500 - 62,500 62,500 273,000 19% Printing & Advertising - 1,410 25,000 25,000 408 200 608 24,392 2% Education & Training - - 12,500 12,500 - - - 12,500 0% Travel - - - - - - - - - Grant & Subsidies - 336,000 350,000 654,000 200,000 50,000 250,000 404,000 38% Other Services & Charges - - - - - - - - - Total Services & Charges 134,808 547,910 660,500 1,027,000 200,408 112,700 313,108 713,892 30% Operating Expenditures 300,312 857,425 1,124,974 1,491,474 251,301 112,700 364,001 1,127,472 24% Interfund Allocations - - 35,152 35,152 5,859 - 5,859 29,293 17% Total Expenditures 300,312 857,425 1,160,126 1,526,626 257,159 112,700 369,859 1,156,765 24% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Personnel - The personnel budget includes the wages and benefits for six (6) full-time employees. In 2020, two new positions were added: GVI (Group Violence Intervention) Program Manager and Director of Community Initiatives. In 2021, two full-time positions will be transferred from the Recreation Division of the Department of Venues, Parks & Arts (Parks & Recreation Fund #201) to this division and the positions will be retitled Violence Prevention Coordinator II. In 2022, two full-time positions are being added: one Administrative Assistant II and an additional Violence Prevention Coordinator. Also, GVI is being renamed Office of Violence Prevention (OVP). | Services - Professional Services include $250,000 for S.A.V.E. (Stand Against Violence Everyday) through Goodwill, and $23,000 for the National Network for Safe Communities at John Jay College of Criminal Justice provides strategic guidance, technical assistance, and other support for the City’s efforts to reduce gun violence. Grants & Subsidies includes $350,000 for community programs and partnerships to be determined. In 2022, $25,000 will be added to Printing & Advertising for promotional activities such as community outreach and grantee events, and $12,500 will be added for training Community Initiatives staff. This Community Initiatives Division was established within the Mayor's Office in 2020 to centralize the Administration's efforts to respond to the most pressing issues facing the community. This division will focus on administering grants for violence-reduction activities as well as other areas of public safety and wellness. This division is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 39 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Community Police Review Office Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - 21,250 66,625 66,625 - - - 66,625 0% Fringe Benefits - 5,956 26,574 26,574 - - - 26,574 0% Total Personnel - 27,206 93,199 93,199 - - - 93,199 0% Supplies - - - - - - - - - Services & Charges Professional Services - - 10,000 10,000 - - - 10,000 0% Repairs & Maintenance - - - - - - - - - Total Services & Charges - - 10,000 10,000 - - - 10,000 0% Total Expenditures - 27,206 103,199 103,199 - - - 103,199 0% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Community Police Review Board was established in 2020 (ordinance 10721-20) to provide additional perspectives to alleged police misconduct. The Community Police Review Board is composed of nine (9) members appointed by the Common Council. No sworn law enforcement officer is eligible to serve as a member of the Review Board. The purposes of the Community Police Review Board are to encourage aggrieved persons to take part in the process, to provide an additional just and efficient means to safely, fairly, impartially and timely conduct investigations of alleged police misconduct, to reach an independent determination of whether the allegations are well founded applying a preponderance of the evidence standard; to identify and address patterns of alleged police misconduct; and, based on information obtained through such investigations, to make police recommendations to improve the South Bend Police Department and reduce incidents of alleged police misconduct. This division is funded by property tax revenue collected in the General Fund. This divisions budget supports the salary and benefits for the Director of the Community Police Review Office. The duties of the Director shall include: managing the Review Office, including its staff; enhancing communications and good will between the police and residents; maintaining records, confidential or otherwise, of all complaints, proceedings thereon, and dispostions thereof. The Director shall make quarterly reports to the Common Council and Mayor concerning matters of conduct and recurring issues that are processed by the Review Office. The Director shall also provide periodic reports and an annual report. 40 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name City Clerk Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 270,954 288,911 320,512 320,512 36,431 - 36,431 284,081 11% Fringe Benefits 103,502 113,731 133,959 133,959 15,390 - 15,390 118,569 11% Total Personnel 374,456 402,642 454,471 454,471 51,821 - 51,821 402,650 11% Supplies 6,389 8,089 9,200 9,200 402 1,168 1,570 7,630 17% Services & Charges Professional Services 25,275 15,066 25,000 25,000 4,223 - 4,223 20,778 17% Printing & Advertising 18,528 23,705 27,500 27,500 3,045 - 3,045 24,455 11% Repairs & Maintenance 32,656 6,400 5,000 5,000 897 - 897 4,103 18% Education & Training 1,393 14,250 6,000 6,000 300 - 300 5,700 5% Travel 342 - 5,000 5,000 - - - 5,000 0% Other Services & Charges 4,963 7,635 7,500 7,500 1,409 - 1,409 6,091 19% Total Services & Charges 83,157 67,056 76,000 76,000 9,874 - 9,874 66,127 13% Operating Expenditures 464,002 477,787 539,671 539,671 62,097 1,168 63,265 476,407 12% Interfund Allocations 48,956 155,926 154,876 154,876 25,813 - 25,813 129,063 17% Total Expenditures 512,958 633,713 694,547 694,547 87,909 1,168 89,078 605,470 13% Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: We ensure the integrity and accuracy of City records, and liaise between the Common Council, City Administration and South Bend residents fostering relationships and common ground. We accomplish our mission by: - Serving as a responsible steward of information and historical artifacts - Empowering the community to engage - Supporting open and transparent government - Striving for the highest degree of excellence in customer service Personnel - The personnel budget for the Clerk's Office includes wages and benefits for the City Clerk and four (4) full-time staff members, along with a small budget for interns. | Supplies - The supplies budget includes office supplies and law books. | Services - Professional services include outside legal services. Printing and advertising includes $20,000 for required legal notices in the newspaper to advertise public meetings and $6,500 to renew brochures, letterhead, resident information. The Clerk's Office is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 41 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name Common Council Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 187,249 182,138 260,858 260,858 28,503 - 28,503 232,355 11% Fringe Benefits 84,521 95,359 164,916 164,916 16,108 - 16,108 148,808 10% Total Personnel 271,770 277,497 425,774 425,774 44,610 - 44,610 381,163 10% Supplies 2,716 1,894 2,500 2,500 1,166 - 1,166 1,334 47% Services & Charges Professional Services 117,174 193,211 214,308 214,938 12,635 - 12,635 202,303 6% Printing & Advertising 7,973 35,048 6,200 6,200 1,457 - 1,457 4,743 24% Repairs & Maintenance 34,153 24,584 3,000 3,000 897 - 897 2,103 30% Education & Training 2,069 599 5,000 5,000 450 - 450 4,550 9% Travel 1,479 1,334 10,000 10,000 - - - 10,000 0% Other Services & Charges 4,091 4,714 14,000 14,000 848 - 848 13,152 6% Total Services & Charges 166,939 259,491 252,508 253,138 16,287 - 16,287 236,851 6% Operating Expenditures 441,425 538,882 680,782 681,412 62,063 - 62,063 619,348 9% Interfund Allocations 42,336 54,938 43,529 43,529 7,255 - 7,255 36,274 17% Total Expenditures 483,761 593,820 724,311 724,941 69,318 - 69,318 655,622 10% Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Common Council is the fiscal body of the City, which exists to make certain that our City Government is always responsive to the needs of our residents and that the betterment of South Bend is always our highest priority. Personnel - The Common Council's budget includes the wages and benefits for the nine (9) Council Members along with some costs associated with public meetings. In 2022, the annual council member's salary will be $20,762. There is also a budget of $44,000 for interns. In 2022, $30,000 will be added to the personnel budget for a part-time Legislative Assistant. | Supplies - There is a small budget for office supplies. | Services - Professional services include $200k for legal services for the Council. The Common Council is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 42 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Controller's Office Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,353,939 1,321,367 1,490,200 1,490,200 177,384 - 177,384 1,312,816 12% Fringe Benefits 480,160 464,963 580,534 580,534 69,419 - 69,419 511,115 12% Total Personnel 1,834,099 1,786,330 2,070,734 2,070,734 246,803 - 246,803 1,823,931 12% Supplies 14,013 8,804 16,420 16,691 526 949 1,474 15,217 9% Services & Charges Professional Services 43,980 92,490 241,500 275,000 10,954 27,850 38,804 236,196 14% Printing & Advertising 1,203 4,914 2,000 2,342 363 1,323 1,686 656 72% Repairs & Maintenance 2,254 225 1,100 1,100 4 - 4 1,096 0% Education & Training 1,994 4,235 5,760 5,760 - - - 5,760 0% Travel 2,045 1,300 6,000 6,000 - - - 6,000 0% Other Services & Charges 14,429 19,283 11,585 11,285 2,129 515 2,644 8,641 23% Total Services & Charges 65,905 122,446 267,945 301,487 13,450 29,688 43,138 258,349 14% Operating Expenditures 1,914,017 1,917,579 2,355,099 2,388,912 260,779 30,637 291,415 2,097,497 12% Interfund Allocations 303,227 193,433 180,392 180,392 30,065 - 30,065 150,327 17% Total Expenditures 2,217,244 2,111,012 2,535,491 2,569,304 290,844 30,637 321,481 2,247,824 13% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Department of Administration & Finance provides financial management and administrative services to City operations including finance and accounting services and risk management. This budget accounts for the expenditures of the Controller's Office. Personnel - Includes the wages and benefits for twenty-one (21) full-time employees which include accounts payable, payroll, purchasing, and accounting staff. | Supplies - Includes office supplies. | Services - Professional services budgeted include bond continuing disclosure, arbitrage compliance, actuarial evaluation for GASB 74 (done every other year), and the annual financial audit. Education and training budgeted includes funding for travel to conferences and membership dues for professional organizations. Printing and advertising is for the cost of printing the budget book, annual comprehensive financial report (ACFR), and legal notices in the newspaper. | Accounting Changes - In 2020, Human Resources (6 positions) and the Office of Diversity & Inclusion (2 positions) were separated into their own divisions budgeted in the General Fund (#101). Personnel, supplies, and services associated with those divisions will be budgeted in those divisions going forward. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 43 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Human Resources Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 374,910 400,053 533,505 533,505 46,602 - 46,602 486,903 9% Fringe Benefits 139,389 148,223 215,402 215,402 19,333 - 19,333 196,069 9% Total Personnel 514,299 548,276 748,907 748,907 65,936 - 65,936 682,972 9% Supplies 642 2,165 11,250 11,250 609 - 609 10,641 5% Services & Charges Professional Services - - - - - - - - - Printing & Advertising 999 287 7,060 6,760 - - - 6,760 0% Repairs & Maintenance 100 150 - 450 450 - 450 - 100% Education & Training 795 1,361 52,700 52,700 - - - 52,700 0% Travel - - 6,000 6,000 - - - 6,000 0% Other Services & Charges 1,760 1,609 7,000 6,850 272 - 272 6,579 4% Total Services & Charges 3,655 3,407 72,760 72,760 722 - 722 72,039 1% Operating Expenditures 518,596 553,847 832,917 832,917 67,266 - 67,266 765,652 8% Interfund Allocations 79,317 97,478 124,410 124,410 20,735 - 20,735 103,675 17% Total Expenditures 597,913 651,325 957,327 957,327 88,001 - 88,001 869,327 9% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Human Resources oversees the interviewing and hiring of City employees, manages employee benefits and training, and ensures the City adheres to employment laws, making the City a great place to work. Human Resources continues to develop/implement innovative programs to build a positive workplace culture. Personnel - The personnel budget includes the wages and benefits for eight (8) full-time employees. | Supplies - The supplies budget includes general office supplies and employee ID badges. | Services - Printing services include the printing of employee handbooks. Other charges & services includes dues & memberships with professional associations, background checks, and City sponsored events/job fairs. | Accounting Change - In 2020, Human Resources was separated into its own budget. Personnel, supplies, and services associated with Human Resources were transferred out of the Controller's Office budget and budgeted in this division going forward. This division is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 44 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Diversity & Inclusion Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 165,515 206,014 233,671 233,671 35,400 - 35,400 198,271 15% Fringe Benefits 50,278 64,933 82,633 82,633 10,829 - 10,829 71,804 13% Total Personnel 215,793 270,948 316,304 316,304 46,229 - 46,229 270,075 15% Supplies 74 1,486 1,500 1,500 60 197 257 1,243 17% Services & Charges Professional Services 14,260 194,734 80,000 160,050 14,800 81,500 96,300 63,750 60% Printing & Advertising 2,025 1,581 6,000 6,000 105 - 105 5,895 2% Repairs & Maintenance 50 - - - - - - - - Education & Training 1,000 10,780 100,000 149,620 - 49,620 49,620 100,000 33% Travel - - 20,000 20,000 - - - 20,000 0% Other Services & Charges 2,843 3,755 5,000 5,000 - - - 5,000 0% Total Services & Charges 20,177 210,850 211,000 340,670 14,905 131,120 146,025 194,645 43% Operating Expenditures 236,044 483,283 528,804 658,474 61,194 131,317 192,511 465,963 29% Interfund Allocations 18,942 63,404 82,269 82,269 13,712 - 13,712 68,558 17% Total Expenditures 254,986 546,687 611,073 740,743 74,906 131,317 206,222 534,521 28% Revenue Charges for Services - - 35,000 35,000 - - 35,000 0% Other Income 400 500 - - - - - - Donations 50,000 - - - - - - - Total Revenue 50,400 500 35,000 35,000 - - 35,000 0% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Office of Diversity, Equity, Inclusion provides educational opportunities for internal and external stakeholders, direction for equitable policy, process and procedure development for City services, funding disbursement, and underrepresented population entrepreneurship that empowers every employee and resident to thrive. This office is primarily funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 2020: Living Cities Inclusive Procurement grant $50,000 2021: Workshop and training fees ($3,000 full day training workshops), non-compliance fees (variable scale), white papers ($50-$175) Personnel - The personnel budget includes the wages and benefits for three (3) full-time employees, along with a budget for interns. | Supplies - There is a small budget for office supplies. | Services - The travel budget is for staff to attend various conferences. Possible conferences include: American Contract Compliance Association (ACCA), Just Economy, Government Alliance on Race and Equity (GARE), Mid-States Minority Supplier Development Council (MSDC), Living Cities. Other services & charges covers memberships to the following organizations: ACCA, GARE, Women's Business Enterprise National Council (WBENC), MidStates MSCS. In 2020, the Office of Diversity & Inclusion was separated into its own division budget. Personnel, supplies, and services associated with Diversity & Inclusion were transferred out of the Controller's Office budget and budgeted in this division going forward. 45 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Human Rights Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 134,381 135,895 245,062 245,062 33,846 - 33,846 211,216 14% Fringe Benefits 49,745 55,005 99,688 99,688 13,903 - 13,903 85,785 14% Total Personnel 184,125 190,901 344,750 344,750 47,749 - 47,749 297,001 14% Supplies 765 969 2,000 2,000 1,186 - 1,186 814 59% Services & Charges Professional Services 819 3,538 3,070 3,070 - - - 3,070 0% Printing & Advertising 347 407 1,500 1,600 458 - 458 1,142 29% Repairs & Maintenance 9,716 8,151 9,200 9,200 226 607 833 8,367 9% Education & Training 600 - 3,500 3,400 84 - 84 3,316 2% Travel - - - - - - - - - Other Services & Charges 44,073 45,538 51,140 51,140 6,954 34,383 41,337 9,803 81% Total Services & Charges 55,555 57,634 68,410 68,410 7,723 34,990 42,712 25,698 62% Operating Expenditures 240,446 249,504 415,160 415,160 56,658 34,990 91,647 323,513 22% Interfund Allocations 27,145 46,175 47,319 47,319 7,887 - 7,887 39,433 17% Total Expenditures 267,591 295,679 462,479 462,479 64,544 34,990 99,534 362,946 22% Revenue Other Income 30,069 30,049 30,000 30,000 30,052 30,052 (52) 100% Total Revenue 30,069 30,049 30,000 30,000 30,052 30,052 (52) 100% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The purpose of the South Bend Human Rights Commission (HRC) is to study and act upon problems which involve relationships between members of different ethnic groups, sexes, sexual orientation or gender identity, nationalities, the disabled, and families with children. The HRC's duties lie in enforcing employment, fair housing, public accommodations, and education. Their goal is to ensure equal employment opportunity for all individuals, and to provide legal recourse in the areas of discrimination. The HRC provides the keys to unlock the doors of discrimination. This division is funded by property tax revenue collected in the General Fund. This division also receives a small amount of revenue from an agreement with St. Joseph County: In 2017, the South Bend Human Rights Commission (HRC) entered into an interlocal agreement with St. Joseph County. The continued partnership with St. Joseph County, to investigate discrimination complaints, has resulted in an increase in caseload. The agreement calls for the County to reimburse HRC to support the costs associated with the increased caseload. Starting in 2019, as part of the interlocal agreement, St. Joseph County reimburses the City $30,000 a year to support the HRC. Note: Federal grants from the Department of Housing & Urban Development (HUD) and the Equal Employment Opportunity Commission (EEOC) are received in the Human Rights Federal Grants Fund (#258). Personnel - The personnel budget includes the wages and benefits for four (4) full-time employees, along with a budget for one part-time position. Human Rights also has two (2) grant-funded positions budgeted in the Human Rights Federal Grants Fund (#258) that are not represented in this budget. | Supplies - There is a small budget for office supplies. | Services - Includes office space rental and maintenance, education & training for staff members, and printing and mailing expenses. In 2021, the Director of Human Rights position was added back. The Director of Human Rights serves on the senior leadership team of the Office of Diversity and Inclusion and provide strategic leadership for the administration, operation, and functions of the HRC in accordance with the City of South Bend Human Rights Ordinance and St. Joseph County Human Rights Ordinance. The director manages staff in the identification, investigation, mediation, and adjudication of human rights discrimination claims in housing, employment, public accommodations, and education. 46 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name Legal Department Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 907,628 895,492 1,093,537 1,093,537 132,540 - 132,540 960,997 12% Fringe Benefits 298,375 291,446 386,599 386,599 45,882 - 45,882 340,717 12% Total Personnel 1,206,003 1,186,938 1,480,136 1,480,136 178,422 - 178,422 1,301,714 12% Supplies 3,568 1,515 3,500 3,500 130 47 177 3,323 5% Services & Charges Professional Services 1,440 9,384 2,550 2,550 - - - 2,550 0% Printing & Advertising 106 252 1,000 1,000 - - - 1,000 0% Repairs & Maintenance 100 1,000 - - - - - - - Education & Training 8,063 7,108 12,000 12,000 - - - 12,000 0% Travel - - 5,500 3,500 - - - 3,500 0% Other Services & Charges 16,929 18,408 19,500 21,500 4,421 12,592 17,013 4,487 79% Total Services & Charges 26,638 36,152 40,550 40,550 4,421 12,592 17,013 23,537 42% Operating Expenditures 1,236,209 1,224,605 1,524,186 1,524,186 182,973 12,639 195,612 1,328,574 13% Interfund Allocations 62,820 174,889 171,530 171,530 28,588 - 28,588 142,942 17% Total Expenditures 1,299,029 1,399,494 1,695,716 1,695,716 211,561 12,639 224,200 1,471,516 13% Revenue Charges for Services 135,710 91,343 93,170 93,170 - - 93,170 0% Other Income - - - - - - - - Interfund Allocation Reimb 56,529 - - - - - - - Total Revenue 192,239 91,343 93,170 93,170 - - 93,170 0% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Legal Department provides quality legal representation to the City of South Bend’s Mayor, departments, commissions and agencies with a dedicated and professionally-skilled staff, efficiently and cost effectively, in furtherance of the City’s strategic goals, and preserving the legal and ethical integrity of the City. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. This department also collects revenue for legal services provided to the South Bend Redevelopment Commission. The Interfund Allocation Reimbursement was a transfer from the Liability Insurance Fund (#226) to reimburse the Legal Dept for 50% of personnel costs for Assistant City Attorney. In 2021, the allocation was discontinued as the position was already covered by the administrative cost allocation. Personnel - The personnel budget includes the wages and benefits for twelve (12) full-time employees, one part-time employee, and $25k for interns. From 2020 to 2021, the personnel budget increased as one (1) full-time Paralegal position was transferred from the Liability Insurance Fund (#226) to the Legal Department's budget in the General Fund (#101). This position is under the Legal Department but was historically budgeted in Fund #226 because the position focuses on liability and workers' comp related matters. | Supplies - The supplies budget includes general office supplies. | Services - Education & training includes funding for professional development and continuing education for the attorneys. Other charges & services includes dues & memberships with professional associations, postage, and subscriptions to legal research sources. 47 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Engineering Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,680,220 1,731,698 1,952,122 1,952,122 264,715 - 264,715 1,687,407 14% Fringe Benefits 588,063 592,477 741,859 741,859 97,841 1,050 98,891 642,968 13% Total Personnel 2,268,284 2,324,174 2,693,981 2,693,981 362,555 1,050 363,605 2,330,375 13% Supplies 5,144 7,128 22,700 23,411 1,971 - 1,971 21,439 8% Services & Charges Professional Services 151,673 192,618 150,000 286,543 12,376 124,756 137,133 149,410 48% Printing & Advertising 1,872 5,897 8,535 8,535 1,299 116 1,415 7,120 17% Repairs & Maintenance 5,718 5,931 27,700 27,700 228 - 228 27,472 1% Education & Training 1,500 1,157 21,000 21,000 3,109 1,700 4,809 16,191 23% Travel 3,762 3,986 15,250 15,250 995 - 995 14,255 7% Other Services & Charges 12,314 11,024 36,300 36,300 703 1,710 2,413 33,887 7% Debt Service Principal 10,755 4,493 - - - - - - - Debt Service Interest & Fees 194 51 - - - - - - - Total Services & Charges 187,788 225,158 258,785 395,328 18,711 128,282 146,993 248,335 37% Operating Expenditures 2,461,216 2,556,460 2,975,466 3,112,720 383,237 129,332 512,570 2,600,149 16% Interfund Allocations 418,440 567,032 459,896 459,896 76,649 - 76,649 383,247 17% Total Expenditures 2,879,656 3,123,492 3,435,362 3,572,616 459,887 129,332 589,219 2,983,396 16% Revenue Licenses & Permits 161,952 122,575 156,100 156,100 7,930 7,930 148,170 5% Charges for Services 415,210 192,000 196,000 196,000 - - 196,000 0% Other Income 21,032 6,401 - - 2,250 2,250 (2,250) - Interfund Allocation Reimb 1,436,881 1,449,233 1,514,420 1,514,420 252,403 252,403 1,262,017 17% Total Revenue 2,035,075 1,770,209 1,866,520 1,866,520 262,583 262,583 1,603,937 14% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Engineering manages the development and expansion of the City’s infrastructure. It oversees Public Works projects from setting the standards to issuing the permits, administering the contracts, and inspecting construction. Engineering is a division of the Department of Public Works. This division is funded by property tax revenue collected in the General Fund. It also receives revenue from permits issued and charges for engineering services. Engineering has an Engineering Service Agreement (ESA) agreement with the Department of Community Investment (DCI). Prior to 2019, some Engineering staff were paid directly out of other departments' budgets. In 2019, all Engineering staff were consolidated into one budget. The cost of those engineers (wages & benefits) is allocated back to the departments they serve. This is recognized as interfund allocation reimbursement revenue. Personnel - The personnel budget includes the wages and benefits for twenty-five (25) full-time employees, one (1) part-time position, and seasonal interns. Personnel changes in 2021 include the addition of one (1) full-time Engineer II and the elimination of the budget for part-time engineers, leaving budget for one part-time clerical position. | Supplies - The supplies budget includes office supplies and supplies for engineers to perform field work. | Services - Professional Services include consulting and design services for various Public Works projects. 48 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Office of Sustainability Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 85,683 45,231 - - - - - - - Fringe Benefits 27,950 14,506 - - - - - - - Total Personnel 113,634 59,737 - - - - - - - Supplies 23,361 534 - - - - - - - Services & Charges Professional Services 74,584 5,890 - 51,458 2,354 49,104 51,458 - 100% Repairs & Maintenance - 285 - - - - - - - Education & Training 86 150 - - - - - - - Other Services & Charges 12,760 3,700 - - - - - - - Total Services & Charges 87,431 10,025 - 51,458 2,354 49,104 51,458 - 100% Operating Expenditures 224,425 70,295 - 51,458 2,354 49,104 51,458 - 100% Capital - - - 50,000 - 50,000 50,000 - 100% Interfund Allocations 9,740 20,146 - - - - - - - Total Expenditures 234,165 90,441 - 101,458 2,354 99,104 101,458 - 100% Revenue Other Income 9,299 - - - - - - - Total Revenue 9,299 - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Office of Sustainability designs and implements projects and programs that bring environmental, social, and economic value to city government and the public. This division was funded by property tax revenue collected in the General Fund. The Office of Sustainability was a division of the Department of Public Works prior to 2021. In 2021, Sustainability was moved under the Department of Community Investment (DCI) and will be accounted for in the DCI Fund (#211) beginning in 2022. 49 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name AmeriCorps Grant Program Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 225,247 166,836 - - - - - - - Fringe Benefits 37,207 28,717 - - - - - - - Total Personnel 262,454 195,554 - - - - - - - Supplies 10,067 2,903 - - - - - - - Services & Charges Professional Services 31,982 22,862 - - - - - - - Printing & Advertising 139 - - - - - - - - Education & Training 676 - - - - - - - - Travel 726 - - - - - - - - Other Services & Charges 1,755 1,345 - - - - - - - Total Services & Charges 35,278 24,207 - - - - - - - Total Expenditures 307,799 222,663 - - - - - - - Revenue Intergov./ Grants 176,231 184,811 - - - - - - Interfund Transfers In 105,000 120,000 - - - - - - Total Revenue 281,231 304,811 - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: In 2018, the City of South Bend won a $150,000 grant to fund South Bend Home Corps, a new residential efficiency, health, and safety program staffed by ten AmeriCorps members. The AmeriCorps program was overseen by the Office of Sustainability. AmeriCorps is a network of national service programs, made up of three primary programs that each take a different approach to improving lives and fostering civic engagement. Members commit their time to address critical community needs like increasing academic achievement, mentoring youth, fighting poverty, and preparing for disasters. This program was funded by property tax revenue collected in the General Fund, the AmeriCorps grant, and transfers in from City departments that benefited from the AmeriCorps program. In 2021, the decision was made to discontinue participation in the AmeriCorps Grant Program as the program is duplicative of other initiatives throughout the City, specifically in the Department of Community Investment (DCI). In 2022, the work the AmeriCorps Program was engaged in will be continued within DCI, primarily within the Engagement & Economic Empowerment, Neighborhoods, and Sustainability teams accounted for in the DCI Fund (#211). 50 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name Police Department Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 15,563,454 16,370,447 14,882,155 14,882,155 2,113,433 - 2,113,433 12,768,722 14% Fringe Benefits 5,423,162 5,728,486 7,600,855 7,600,855 1,089,479 - 1,089,479 6,511,376 14% Total Personnel 20,986,615 22,098,933 22,483,010 22,483,010 3,202,912 - 3,202,912 19,280,098 14% Supplies 767,165 955,573 1,152,960 1,249,949 294,729 157,439 452,168 797,781 36% Services & Charges Professional Services 765,305 495,799 720,000 684,806 19,772 261,697 281,469 403,337 41% Printing & Advertising 3,288 55,375 24,721 98,941 64,606 43,415 108,021 (9,080) 109% Utilities 170,952 182,655 174,408 174,408 28,209 - 28,209 146,199 16% Repairs & Maintenance 871,987 822,096 980,199 984,078 137,495 15,830 153,325 830,753 16% Education & Training 426 56,136 - - - - - - - Travel 1,648 2,618 250 250 78 - 78 172 31% Grants & Subsidies 5,635 11,075 57,000 58,099 2,152 2,700 4,852 53,247 8% Other Services & Charges 272,619 344,841 349,908 371,345 91,741 26,326 118,067 253,278 32% Debt Service Principal 139,178 141,305 - - - - - - - Debt Service Interest & Fees 3,742 1,615 - - - - - - - Total Services & Charges 2,234,781 2,113,516 2,306,486 2,371,926 344,053 349,968 694,021 1,677,906 29% Operating Expenditures 23,988,561 25,168,022 25,942,456 26,104,885 3,841,693 507,407 4,349,100 21,755,785 17% Capital - - - - - - - - - Interfund Interfund Allocations 3,651,431 4,863,457 5,158,753 5,158,753 859,792 - 859,792 4,298,961 17% Interfund Transfers Out - - - - - - - - - Interfund Total 3,651,431 4,863,457 5,158,753 5,158,753 859,792 - 859,792 4,298,961 17% Total Expenditures 27,639,992 30,031,479 31,101,209 31,263,638 4,701,485 507,407 5,208,892 26,054,746 17% Revenue Intergov./ Grants - 210,402 - - - - - - Charges for Services 8,316 - - - - - - - Other Income 655,931 338,317 456,500 456,500 43,466 43,466 413,034 10% Donations - - 7,500 7,500 - - 7,500 0% Interfund Transfers In 1,547,272 - - - - - - - Total Revenue 2,211,518 548,719 464,000 464,000 43,466 43,466 420,534 9% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: MISSION: The South Bend Police Department works to safeguard the lives and property of the people we serve, to reduce the incidence and fear of crime, and to resolve problems among residents. The Department, in partnership with our community, strives to protect the life, property, and the personal liberties of all individuals. We believe that the overall quality of life for all residents will improve through the deterrence of criminal activity and an understanding of the diversity of cultures within this community. We also work to build and sustain community-police relationships to advance a culture of trust and inclusion. VISION: To constantly strive for excellence in the quality of police service to help ensure a safe community for everyone. This department is funded by property tax revenue collected in the General Fund. The department also receives reimbursement for officers working at various events and other units. Other income includes $320,000 from the School Resource Officer (SRO) program, $60,000 from the ATF, $7,000 from the DEA, $7,500 for firearms training of the University of Notre Dame police officers, and $29,000 from the rental of property. In 2020, the Police Department received funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help offset public safety personnel overtime costs related to the COVID-19 pandemic. This revenue is represented as an interfund transfer in from the COVID-19 Response Fund (#264). Additionally, in 2021, grant revenue was received from the Department of Justice to help offset public safety personnel overtime costs related to the COVID-19 pandemic. Personnel - The personnel budget includes the wages and benefits for 36 full-time civilians and 232 sworn officers, along with a budget for part-time employees and seasonal school crossing guards. A portion of sworn police officer wages are supported by the Local Income Tax Public Safety Fund (#249). For 2022, budgeted support is a little over $6 million. The Department has not been at full staffing levels for sworn officers for some time due to a shortage of applicants, something many law enforcement agencies are experiencing. | Supplies - The majority of the supplies budget is for fuel for patrol cars, budgeted at $635k for 2022. Taser purchases are budgeted at $110k per year until 2023. Other supplies budgeted include uniforms, medical & safety supplies, small tools & equipment, building maintenance supplies, and general office supplies.| Services & Charges - Professional services includes funding to support the St. Joseph County Special Victims Unit, an interlocal partnership between the St. Joseph County Police Department, Mishawaka Police Department, South Bend Police Department, and St. Joseph County Prosecutor’s Office. Professional services also includes legal services. Utilities includes the water, electric, and natural gas for the police station. Repairs & maintenance includes $880k for police vehicles, radios, and other equipment, and $85k for building R&M. Other services & charges includes $210k for telecommunications and data expenses for cell phones, pagers, and body cameras. | Grants & Subsidies - funding for the Police Athletic League (PAL) Program. | Debt Service - Several police car leases funded by the General Fund will be fully paid off in 2021. In recent years, the purchase of new patrol cars through capital leases has been funded by the Local Income Tax Certified Shares Fund (#404). 51 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Police Crime Lab Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 395,207 346,190 475,637 475,637 48,039 - 48,039 427,598 10% Fringe Benefits 142,250 118,776 184,461 184,461 19,056 - 19,056 165,405 10% Total Personnel 537,456 464,966 660,098 660,098 67,094 - 67,094 593,003 10% Supplies 15,373 15,138 17,000 18,312 1,615 1,195 2,810 15,502 15% Services & Charges Professional Services 8 - - - - - - - - Printing & Advertising - - - - - - - - - Education & Training - - - - - - - - - Travel - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges 8 - - - - - - - - Operating Expenditures 552,838 480,105 677,098 678,410 68,709 1,195 69,904 608,505 10% Interfund Allocations - 148,571 191,479 191,479 31,913 - 31,913 159,566 17% Total Expenditures 552,838 628,676 868,577 869,889 100,622 1,195 101,817 768,071 12% Revenue Charges for Services 7,756 26,169 10,000 10,000 2,631 2,631 7,369 26% Total Revenue 7,756 26,169 10,000 10,000 2,631 2,631 7,369 26% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division was created to track expenditures related to South Bend Police Department Crime Lab. Crime Lab services offered include: serial number restoration, tool matching, fracture matching, tires and footwear, video analysis, trace evidence examination, distance proximity determination, expert testimony, facial recognition. This division is funded by property tax revenue collected in the General Fund. The Crime Lab offers services to other agencies for a charge. Revenue for services continues to grow but is budgeted conservatively as this program is still new. Personnel - The personnel budget includes the wages and benefits for seven (7) full-time civilians. | Supplies - The supplies budget includes operating supplies for the Crime Lab such as gloves, special cartridges, ballistic powder, and other specialized supplies. | Interfund Allocations - Starting in 2021, the Crime Lab will be charged for the Information Technology (IT) Allocation and the Administrative Cost Allocation. 52 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Department Name Fire Department Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 16,374,216 15,905,583 13,651,366 13,651,366 2,157,011 - 2,157,011 11,494,355 16% Fringe Benefits 5,397,609 5,621,419 7,250,515 7,250,515 1,061,690 - 1,061,690 6,188,825 15% Total Personnel 21,771,825 21,527,001 20,901,881 20,901,881 3,218,701 - 3,218,701 17,683,180 15% Supplies 591,801 592,256 678,568 772,787 117,029 115,412 232,441 540,346 30% Services & Charges Professional Services 233,686 351,832 204,000 202,809 46,537 163,203 209,740 (6,931) 103% Printing & Advertising 2,063 2,040 22,214 7,452 237 377 614 6,838 8% Utilities 293,257 271,750 315,000 315,000 60,862 - 60,862 254,138 19% Repairs & Maintenance 1,159,796 992,999 1,032,000 1,112,647 199,876 89,077 288,953 823,694 26% Education & Training 67,844 79,268 73,000 88,204 30,473 13,731 44,204 44,000 50% Travel 6,318 12,979 20,500 22,197 5,163 2,737 7,900 14,297 36% Other Services & Charges 39,047 50,324 38,500 44,507 5,207 4,111 9,317 35,190 21% Total Services & Charges 1,802,010 1,761,191 1,705,214 1,792,815 348,355 273,235 621,589 1,171,226 35% Operating Expenditures 24,165,636 23,880,448 23,285,663 23,467,484 3,684,085 388,647 4,072,732 19,394,752 17% Interfund Interfund Allocations 1,890,530 2,493,373 2,880,306 2,880,306 480,051 - 480,051 2,400,255 17% Interfund Transfers Out - - - - - - - - - Interfund Total 1,890,530 2,493,373 2,880,306 2,880,306 480,051 - 480,051 2,400,255 17% Total Expenditures 26,056,166 26,373,821 26,165,969 26,347,790 4,164,136 388,647 4,552,783 21,795,007 17% Revenue Charges for Services 337 340 1,500 1,500 72 72 1,428 5% Intergov./ Grants 14,866 94,668 - - - - - - Licenses & Permits 19,227 23,137 24,000 24,000 3,103 3,103 20,897 13% Donations 420 - - - - - - - Other Income 6,033 20,678 1,000 1,000 15,860 15,860 (14,860) 1586% Interfund Transfers In 3,474,135 607,079 - - - - - - Total Revenue 3,515,018 745,902 26,500 26,500 19,035 19,035 7,465 72% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The South Bend Fire Department exists to provide our community with the highest quality emergency services protecting life and property through education, response, and dynamic outreach. The objective of the South Bend Fire Department is to provide rapid and efficient response to emergency medical incidents, fires, hazardous materials incidents, and complex rescue situations in order to safeguard the life and property of our citizens. This requires planning and development of response capabilities to ensure that future needs and the efficiency of operations are addressed. Public education and prevention services are provided to ensure citizen safety before an incident occurs. This is the safest and most cost-effective method for providing public safety. The South Bend Fire Department endeavors to give the best emergency medical care available backed by evidence-based medical practices which give citizens the best chance for positive outcomes and continued quality of life. Providing the members of the South Bend Fire Department with the latest and best available equipment and training to perform their duties gives them the tools to effect the best possible outcomes when emergencies occur. The South Bend Fire Department is dedicated to providing expert-level service with an all-hazards approach to public safety. This department is funded by property tax revenue collected in the General Fund. This department also collects fire building plan review fees. | In 2020, the Fire Department received funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help offset public safety personnel overtime costs related to the COVID-19 pandemic. This revenue is represented as an interfund transfer in from the COVID-19 Response Fund (#264). Personnel - The personnel budget includes the wages and benefits for seven (7) full-time civilians and 256 sworn firefighters, along with a small budget of $6k for interns. A portion of sworn firefighter wages are supported by the Local Income Tax Public Safety Fund (#249). For 2022, budgeted support is a little over $6 million. The South Bend Fire Department conducts recruit academies when its staffing becomes insufficient, generally after the 6th opening. The academy is approximately 21 weeks long - therefore, the department budgets 6 civilian recruit positions for 21 weeks. | Supplies - $390k is budgeted for operating supplies including personal protective equipment (PPE), training materials and equipment, and more. $181k is budgeted for fuel for vehicles. | Services & Charges - Professional services includes elevator and boiler inspections; various testing including physicals for firefighters, divers, and hazmat; and legal services. Utilities includes the water, electric, and natural gas for the eleven fire stations. Repairs & maintenance includes $770k for vehicles, $125k for radios, $22k for other equipment, and $115k for buildings. | Capital - Fire Department capital needs are budgeted in the Fire Department Capital Fund (#287). | Accounting Changes - In 2020, the Fire Department moved all firefighters assigned to Emergency Medical Services to the General Fund. This includes wages & benefits, supplies, and services previously accounted for in the EMS Operating Fund (#288). Keeping firefighter EMS personnel in a separate budget was impractical due to frequently changing assignments. EMS expenditures related to billing are accounted for in separate division in the General Fund. 53 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Emergency Medical Services Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 138,124 146,217 156,804 156,804 22,425 - 22,425 134,379 14% Fringe Benefits 75,881 79,326 85,060 85,060 14,236 - 14,236 70,824 17% Total Personnel 214,005 225,543 241,864 241,864 36,661 - 36,661 205,203 15% Supplies 232,073 387,434 332,900 351,554 62,776 13,390 76,166 275,388 22% Services & Charges Professional Services 14,058 22,033 80,610 80,610 13,644 17,582 31,227 49,383 39% Printing & Advertising 220 - 12,200 12,200 - - - 12,200 0% Repairs & Maintenance 2,640 3,704 133,600 133,600 - - - 133,600 0% Education & Training 66,239 7,912 4,000 4,000 - - - 4,000 0% Travel - - - - - - - - - Other Services & Charges 52,907 64,153 20,000 20,000 7,110 - 7,110 12,890 36% Total Services & Charges 136,065 97,802 250,410 250,410 20,754 17,582 38,336 212,073 15% Operating Expenditures 582,143 710,778 825,174 843,828 120,191 30,972 151,164 692,664 18% Interfund Interfund Allocations 10,159 - - - - - - - - Interfund Total 10,159 - - - - - - - - Total Expenditures 592,302 710,778 825,174 843,828 120,191 30,972 151,164 692,664 18% Revenue Charges for Services 3,491,328 4,195,362 3,608,000 3,608,000 523,582 523,582 3,084,418 15% Fines, Forfeitures, and Fees - 11 - - - - - - Other Income 186 588 - - - - - - Total Revenue 3,491,515 4,195,961 3,608,000 3,608,000 523,582 523,582 3,084,418 15% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Emergency Medical Services is a division of the Fire Department. Revenues and expenditures related to EMS billing are tracked in this budget. The Fire Department recovers significant portion of the cost of EMS services through insurance and patient payments. Personnel - The personnel budget includes the wages and benefits for four (4) full-time EMS billing personnel. | Supplies - $323k is budgeted for operating supplies for ambulances, $7.4k for small tools & equipment, and $2k for office supplies. | Services & Charges - Professional services includes collection costs and cleaning services. Utilities includes the water, electric, and natural gas for the eleven (11) fire stations. Repairs & maintenance includes funding for repairs & maintenance for ambulances and repairs to small equipment. Other charges & services includes credit card processing fees and postage. | Accounting Changes - Prior to 2020, the EMS operations were tracked in the EMS Operating Fund (#288). Revenue received from EMS services was not sufficient to cover expenses. Keeping EMS in its own fund would require interfund transfers. Starting in 2020, EMS activities were moved to the General Fund. Moving EMS revenue and expenditures into the General Fund simplified accounting. Ideally, the cost of firefighters assigned to EMS activities would be tracked here as well; but due to frequent changes in assignments, it has proven impractical. Instead, the Fire Department will estimate EMS personnel costs by number of positions assigned, rather than specific firefighters. 54 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Fire Training Center Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Supplies 13,842 13,287 5,000 5,630 2,120 3,239 5,359 271 95% Services & Charges Utilities 5,729 18,331 33,000 33,000 6,603 - 6,603 26,397 20% Repairs & Maintenance 10,605 635 110,000 110,000 - - - 110,000 0% Total Services & Charges 16,334 18,966 143,000 143,000 6,603 - 6,603 136,397 5% Operating Expenditures 30,175 32,253 148,000 148,630 8,723 3,239 11,962 136,668 8% Total Expenditures 30,175 32,253 148,000 148,630 8,723 3,239 11,962 136,668 8% Revenue Charges for Services 1,050 0 50,000 50,000 4,420 4,420 45,580 9% Total Revenue 1,050 0 50,000 50,000 4,420 4,420 45,580 9% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This division was established in 2020 to account for a portion of the costs of the Luther J Taylor Sr. Fire Training Center and associated revenue. Construction of the Training Center was completed in 2014. Prior to that, the South Bend Fire Department would have to find locations for training opportunities, such as using vacant or abandoned houses. The Training Center provided a much needed resource for the South Bend Fire Department as well as other agencies in the area. Firefighters can practice fighting fires in a controlled environment under different scenarios such as apartment buildings, businesses, commercial kitchens, and cars. The Training Center also hosts the recruit academy, as well as classes for the South Bend Fire Department and other agencies. This division is funded by property tax revenue collected in the General Fund and by charges to outside fire departments for their use of the Luther J Taylor Sr. Fire Training Center. Recruit Academy and other classes are offered to other agencies for a fee. Expenditures are directly related to running the Training Center and include utilities and maintenance of the facility. Supplies and services needed for classes and equipment for recruits is also accounted for in the Fire Training Center budget. From 2019 through 2021, capital improvements were made to the training center through the use of bond proceeds. Capital expenditures related to the fire training center upgrade can be seen in the Fire Station #9 Bond Capital Fund (#451). 55 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Morris Performing Arts Center Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 285,767 430,859 - - - - - - - Fringe Benefits 131,601 200,379 - - - - - - - Total Personnel 417,368 631,239 - - - - - - - Supplies 22,110 29,271 - 8,435 - 8,435 8,435 - 100% Services & Charges Professional Services 2,518 1,650 - 4,444 - 4,444 4,444 - 100% Printing & Advertising 15,702 14,150 - 23,775 5,959 17,815 23,775 - 100% Utilities 112,645 110,532 - - - - - - - Repairs & Maintenance 34,268 61,776 - 9,523 5,140 4,383 9,523 - 100% Education & Training - 3,224 - 4,514 25 4,489 4,514 - 100% Travel 1,469 3,626 - 3,659 357 3,302 3,659 - 100% Other Services & Charges 11,433 12,862 - 2,613 1,367 1,246 2,613 - 100% Total Services & Charges 178,034 207,820 - 48,527 12,848 35,679 48,527 - 100% Operating Expenditures 617,512 868,330 - 56,962 12,848 44,114 56,962 - 100% Capital - - - - - - - - - Interfund Interfund Allocations 210,875 237,973 - - - - - - - Interfund Transfers Out 175,579 - 600,000 600,000 600,000 - 600,000 - 100% Interfund Total 386,454 237,973 600,000 600,000 600,000 - 600,000 - 100% Total Expenditures 1,003,966 1,106,303 600,000 656,962 612,848 44,114 656,962 - 100% Revenue Charges for Services 317,745 654,679 - - - - - - Intergov./ Grants - 992,163 - - - - - - Other Income 5,930 2,864 - - 54,878 54,878 (54,878) - Interfund Allocation Reimb 40,118 86,746 - - - - - - Interfund Transfers In 55,367 - - - - - - - Total Revenue 419,160 1,736,453 - - 54,878 54,878 (54,878) - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division accounts for the operating costs of the Morris Performing Arts Center, the premier performing arts center in this region of the country. It provides improved quality of life to the City's residents, serves as an economic catalyst in the City, and fosters historic preservation of landmark City venues. The Morris Performing Arts Center (Morris PAC) is a division under the Department of Venues, Parks & Arts. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' revenues previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). In 2021, the Morris received the Shuttered Venue Operators Grant (SVOG) from the US Small Business Association to help offset the costs from the COVID-19 closure during 2020. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' expenditures previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). $600,000 is budgeted to be transferred to the new fund to establish the fund's beginning cash balance. The interfund transfer represents the net profit generated by the Morris in recent years, which reverted to the General Fund (#101). 56 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Division Name Palais Royale Ballroom Fund Number 101 Fund Type General Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 28,543 - - - - - - - - Fringe Benefits 28,243 - - - - - - - - Total Personnel 56,786 - - - - - - - - Supplies 5,031 1,626 5,000 5,000 1,642 - 1,642 3,358 33% Services & Charges Printing & Advertising 3,693 - - - - - - - - Utilities 80,505 71,095 92,000 92,000 17,764 - 17,764 74,236 19% Repairs & Maintenance 26,223 23,356 61,000 76,899 7,168 22,599 29,767 47,132 39% Other Services & Charges 5,539 8,062 14,640 19,494 2,240 15,215 17,454 2,040 90% Total Services & Charges 115,959 102,514 167,640 188,394 27,172 37,814 64,986 123,408 34% Operating Expenditures 177,777 104,140 172,640 193,394 28,814 37,814 66,627 126,766 34% Interfund Interfund Allocations 43,637 45,407 36,009 36,009 6,002 - 6,002 30,008 17% Interfund Total 43,637 45,407 36,009 36,009 6,002 - 6,002 30,008 17% Total Expenditures 221,414 149,547 208,649 229,403 34,815 37,814 72,629 156,774 32% Revenue Charges for Services 88,843 122,575 136,190 136,190 23,970 23,970 112,220 18% Other Income 4,966 - - - 3,952 3,952 (3,952) - Total Revenue 93,809 122,575 136,190 136,190 27,922 27,922 108,268 21% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division accounts for the operating expenses of the Palais Royale, a premier banquet/meeting facility. It provides exquisite food and beverage catering service, for both social events and business events, and supports South Bend's downtown economy. The Palais Royale is distinguished by its history and ambiance. The Palais Royale is a division under the Department of Venues, Parks & Arts. This division is funded by property tax revenue collected in the General Fund. Charges for Services is for the rental of the retail space and reimbursement from the caterer for utilities and LaSalle Grill for refuse and recycle service. As a result of a new catering contract, in 2021, the Palais Royale personnel budget was eliminated. One position (Manager-Assistant Facility Operations) was transferred to the Morris Performing Arts Center budget and one position was eliminated (Administrative Assistant I). The remaining expenses budgeted are for utilities and minor repairs and maintenance of the facility. All utilities are paid for by the City and will be reimbursed by the caterer. 57 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Motor Vehicle Highway Fund Number 202 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 2,985,157 3,204,129 3,050,000 3,050,000 503,084 503,084 2,546,916 16% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 100 100 1,400 7% Charges for Services 290,475 224,847 262,300 262,300 20,315 20,315 241,985 8% Interest Earnings 39,751 23,518 19,635 19,635 2,864 2,864 16,771 15% Debt Proceeds 1,778,948 890,000 775,000 775,000 - - 775,000 0% Other Income 56,716 41,861 6,000 6,000 9,325 9,325 (3,325) 155% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 31,327 31,327 156,636 17% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 925,000 925,000 4,625,000 17% Total Revenue 10,238,117 8,159,765 9,852,398 9,852,398 1,492,015 1,492,015 8,360,383 15% Expenditures by Activity Streets / Traffic & Lighting 7,154,221 8,652,023 8,317,336 9,353,790 1,653,197 1,212,502 2,865,699 6,488,091 31% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 509,445 160,989 670,434 1,749,428 28% Total Expenditures 8,356,994 9,972,287 10,197,235 11,773,651 2,162,642 1,373,491 3,536,132 8,237,519 30% Expenditures by Type Personnel Salaries & Wages 2,715,345 2,826,835 3,330,520 3,330,520 535,216 - 535,216 2,795,304 16% Fringe Benefits 1,138,382 1,168,166 1,423,392 1,423,392 257,718 - 257,718 1,165,674 18% Total Personnel 3,853,726 3,995,001 4,753,912 4,753,912 792,934 - 792,934 3,960,978 17% Supplies 1,065,253 898,714 720,794 749,521 213,801 193,250 407,051 342,470 54% Services & Charges Professional Services 255,097 389,410 700,000 1,239,963 377,083 160,989 538,072 701,891 43% Printing & Advertising 194 771 2,950 3,142 - 192 192 2,950 6% Utilities 44,364 41,299 51,856 51,856 13,370 - 13,370 38,486 26% Repairs & Maintenance 699,746 637,358 692,525 705,032 233,922 15,977 249,899 455,133 35% Education & Training 13,900 2,845 10,000 6,780 3,726 2,226 5,952 828 88% Travel 2,210 - 5,000 8,000 3,218 5,203 8,421 (421) 105% Other Services & Charges 165,904 102,368 149,210 149,430 223 626 850 148,580 1% Debt Service Principal 590,097 874,648 953,898 953,898 290,102 - 290,102 663,796 30% Debt Service Interest & Fees 28,674 39,036 52,508 52,508 12,666 - 12,666 39,842 24% Total Services & Charges 1,800,187 2,087,736 2,617,947 3,170,609 934,310 185,213 1,119,523 2,051,085 35% Operating Expenditures 6,719,167 6,981,451 8,092,653 8,674,041 1,941,045 378,463 2,319,507 6,354,533 27% Capital 102,840 1,571,080 775,000 1,770,028 - 995,028 995,028 775,000 56% Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 221,597 - 221,597 1,107,985 17% Total Expenditures 8,356,994 9,972,287 10,197,235 11,773,651 2,162,642 1,373,491 3,536,132 8,237,518 30% Net Surplus / (Deficit) 1,881,123 (1,812,522) (344,837) (1,921,253) (670,627) (2,044,117) Beginning Cash Balance 4,743,203 6,607,820 4,772,416 Cash Adjustments (16,506) (22,883) - Ending Cash Balance 6,607,820 4,772,416 2,851,162 4,132,771 Cash Reserves Target 2,089,248 2,493,072 2,943,413 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund accounts for a portion of the Streets & Sewers Division's, see operations listed below. Streets & Sewers is a division of the Department of Public Works. Streets - Repairs and maintains 2,200 lane miles of road surface in the city limits. Maintenance on streets ranges from paving and patching in the summer to plowing snow in the winter. In 2019, the crack-sealing program was revived in an effort to mitigate water infiltration through cracks in the street surface. Additionally, Streets maintains around 398 miles of alley surface. Also operating under Streets is Unit 211, a 24/7 response vehicle that works with the South Bend Police and Fire Departments for emergencies. | Traffic & Lighting - Maintains traffic signs, signals, and city-owned streetlights. Not only does this office provide traffic control in construction areas for Streets & Sewers, but Traffic & Lighting also works with the South Bend Police Dept to provide traffic control for special events in the city, setting up traffic control for events. Additionally, it is responsible for street painting, i.e., line striping, crosswalks, stop bars, etc. | Curb & Sidewalk - An annual program to replace sidewalks, curbs, and curb ramps in poor condition at residential properties throughout the City. City Council members select the locations to be reviewed by Engineering for bidding as a public works project. This fund receives 50% of the City's gas tax and wheel tax distribution from the State of Indiana. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Wheel tax is collected by the Indiana Bureau of Motor Vehicles, remitted to the County, and distributed monthly to the local units based on population and road miles. Tax revenues are not keeping pace with expenses. The City continues to use income tax revenue to support the current level of street maintenance and repair, transferring funds from Local Income Tax Certified Shares Fund (#404). Personnel - The personnel budget in this fund includes the wages and benefits of 59 full-time employees and part-time & seasonal workers as well. | Supplies - The supplies budget is for the procurement of street paving materials and other materials needed to repair and replace street and traffic lights and signs. It also includes operational supplies for the Streets and Traffic & Lighting operations such as fuel for vehicles, small tools & equipment, uniforms, and office supplies. Road salt is also budgeted in this fund at $350,000 for 2022. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, and buildings. The professional services budget includes funding for contracted paving of curbs & sidewalks. The utilities budget includes 50% of the costs of electric, natural gas, and water for the Public Works Service Center. The other 50% is paid for by the Sewers subdivision which is budgeted in the Sewage Works Operations Fund (#641). | Curb & Sidewalk Program - Seven (7) full-time personnel are budgeted along with a budget for part-time & seasonal workers. As the Common Council wanted to expand the program, three (3) Concrete Finishers were added to the 2019 budget. 58 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name MVH Restricted Fund Number 266 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 2,985,157 3,204,129 3,050,000 3,050,000 503,084 503,084 2,546,916 16% Interest Earnings 12,589 9,704 285 285 1,624 1,624 (1,339) 570% Debt Proceeds - - 925,000 925,000 - - 925,000 0% Total Revenue 2,997,747 3,213,833 3,975,285 3,975,285 504,708 504,708 3,470,577 13% Expenditures by Type Personnel Salaries & Wages 221,144 247,754 429,064 429,064 850 - 850 428,214 0% Fringe Benefits 103,529 110,873 159,953 159,953 474 - 474 159,479 0% Total Personnel 324,673 358,626 589,017 589,017 1,324 - 1,324 587,693 0% Supplies 1,165,290 1,099,093 1,516,135 1,619,007 43,080 65,881 108,961 1,510,046 7% Services & Charges Professional Services - 249,700 - - - - - - - Repairs & Maintenance 1,042,462 568,445 1,419,325 1,816,325 692 404,478 405,170 1,411,155 22% Debt Service Principal - - 175,924 175,924 - - - 175,924 0% Debt Service Interest & Fees - - 22,033 22,033 - - - 22,033 0% Total Services & Charges 1,042,462 818,145 1,617,282 2,014,282 692 404,478 405,170 1,609,112 20% Capital - 15,800 925,000 925,000 - 503,891 503,891 421,109 54% Total Expenditures 2,532,426 2,291,664 4,647,434 5,147,306 45,097 974,250 1,019,347 4,127,960 20% Net Surplus / (Deficit) 465,321 922,169 (672,149) (1,172,021) 459,611 (514,639) Beginning Cash Balance 650,402 1,126,297 2,042,332 Cash Adjustments 10,574 (6,134) - Ending Cash Balance 1,126,297 2,042,332 870,312 2,506,966 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The MVH Restricted Fund was established in 2019 due to a directive from the Indiana State Board of Accounts: Starting on January 1, 2019, the political subdivision must post at the time of receipt of the distribution from the State Motor Vehicle Highway Account fifty percent (50%) of the distribution to MVH Restricted. The political subdivision, by ordinance or resolution, may elect to allocate more than fifty percent (50%) of the distributions to MVH Restricted. During the same fiscal year, the political subdivision may transfer, by ordinance or resolution, the amount allocated in excess of the 50% requirement from MVH Restricted to MVH. In no event can any transfers from MVH Restricted to MVH reduce the fiscal year distributions from the State Motor Vehicle Highway Account below the 50% requirement for MVH Restricted. Any amounts allocated in excess of the required 50% of distributions which remain in MVH Restricted at the end of the fiscal year must remain in MVH Restricted until expended for construction, reconstruction, or preservation. This fund receives 50% of the City's gas tax and wheel tax distribution from the State of Indiana. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Wheel tax is collected by the Indiana Bureau of Motor Vehicles, remitted to the County, and distributed monthly to the local units based on population and road miles. This fund also receives revenue from interest earned on the fund's cash balance. Qualified Expenditures: Effective July 1, 2018, Indiana Code 8-14-1-4(b) and Indiana Code 8-14-1-5(c) requires at least 50% of the MVH distributions to be used for construction, reconstruction and preservation of the unit’s highways. Maintenance expenditures do not count toward the 50% requirement. Cash Reserves Target No reserve requirement 59 City of South Bend, Indiana Monthly Financial Report February 28, 2022 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 5,970,315 6,408,258 6,100,000 6,100,000 1,006,168 1,006,168 5,093,832 16% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 100 100 1,400 7% Charges for Services 290,475 224,847 262,300 262,300 20,315 20,315 241,985 8% Interest Earnings 52,340 33,222 19,920 19,920 4,488 4,488 15,432 23% Debt Proceeds 1,778,948 890,000 1,700,000 1,700,000 - - 1,700,000 0% Other Income 56,716 41,861 6,000 6,000 9,325 9,325 (3,325) 155% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 31,327 31,327 156,636 17% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 925,000 925,000 4,625,000 17% Total Revenue 13,235,863 11,373,598 13,827,683 13,827,683 1,996,723 1,996,723 11,830,960 14% Expenditures by Fund Motor Vehicle Highway (#202)8,356,994 9,972,287 10,197,235 11,773,651 2,162,642 1,373,491 3,536,132 8,237,519 30% MVH Restricted (#266)2,532,426 2,291,664 4,647,434 5,147,306 45,097 974,250 1,019,347 4,127,959 20% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 2,207,739 2,347,741 4,555,479 12,365,478 27% Expenditures by Activity Streets / Traffic & Lighting 9,686,646 10,943,687 12,964,770 14,501,095 1,698,294 2,186,752 3,885,045 10,616,050 27% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 509,445 160,989 670,434 1,749,428 28% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 2,207,739 2,347,741 4,555,479 12,365,478 27% Expenditures by Type Personnel Salaries & Wages 2,936,488 3,074,589 3,759,584 3,759,584 536,066 - 536,066 3,223,518 14% Fringe Benefits 1,241,911 1,279,038 1,583,345 1,583,345 258,192 - 258,192 1,325,153 16% Total Personnel 4,178,400 4,353,627 5,342,929 5,342,929 794,258 - 794,258 4,548,671 15% Supplies 2,230,544 1,997,807 2,236,929 2,368,527 256,881 259,130 516,012 1,852,516 22% Services & Charges Professional Services 255,097 639,109 700,000 1,239,963 377,083 160,989 538,072 701,891 43% Printing & Advertising 194 771 2,950 3,142 - 192 192 2,950 6% Utilities 44,364 41,299 51,856 51,856 13,370 - 13,370 38,486 26% Repairs & Maintenance 1,742,208 1,205,803 2,111,850 2,521,357 234,614 420,455 655,069 1,866,288 26% Education & Training 13,900 2,845 10,000 6,780 3,726 2,226 5,952 828 88% Travel 2,210 - 5,000 8,000 3,218 5,203 8,421 (421) 105% Other Services & Charges 165,904 102,368 149,210 149,430 223 626 850 148,580 1% Debt Service Principal 590,097 874,648 1,129,822 1,129,822 290,102 - 290,102 839,720 26% Debt Service Interest & Fees 28,674 39,036 74,541 74,541 12,666 - 12,666 61,875 17% Total Services & Charges 2,842,649 2,905,881 4,235,229 5,184,891 935,002 589,691 1,524,693 3,660,197 29% Operating Expenditures 9,251,592 9,257,315 11,815,087 12,896,347 1,986,142 848,822 2,834,963 10,061,384 22% Capital 102,840 1,586,880 1,700,000 2,695,028 - 1,498,919 1,498,919 1,196,109 56% Interfund Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 221,597 - 221,597 1,107,985 17% Total Interfund 1,534,987 1,419,756 1,329,582 1,329,582 221,597 - 221,597 1,107,985 17% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 2,207,739 2,347,741 4,555,479 12,365,478 27% Net Surplus / (Deficit) 2,346,444 (890,352) (1,016,986) (3,093,274) (211,016) (2,558,756) Beginning Cash Balance 5,393,605 7,734,117 6,814,748 Cash Adjustments (5,932) (29,017) - Ending Cash Balance 7,734,117 6,814,748 3,721,474 6,639,737 Motor Vehicle Highway Budget Summary - Fund 202 & 266 This summary shows the combined Motor Vehicle Highway (MVH) Fund and MVH Restricted Fund. These funds account for a portion of the Streets & Sewers Division's operations including: Streets, Traffic & Lighting, and Curb & Sidewalk. Streets & Sewers is a division of the Department of Public Works. For the purposes of reporting to the State of Indiana, these funds are combined; however, their accounting must be kept separate based on the directive put forth by the Indiana State Board of Accounts: Starting on January 1, 2019, the political subdivision must post at the time of receipt of the distribution from the State Motor Vehicle Highway Account fifty percent (50%) of the distribution to MVH Restricted. The political subdivision, by ordinance or resolution, may elect to allocate more than fifty percent (50%) of the distributions to MVH Restricted. During the same fiscal year, the political subdivision may transfer, by ordinance or resolution, the amount allocated in excess of the 50% requirement from MVH Restricted to MVH. In no event can any transfers from MVH Restricted to MVH reduce the fiscal year distributions from the State Motor Vehicle Highway Account below the 50% requirement for MVH Restricted. Any amounts allocated in excess of the required 50% of distributions which remain in MVH Restricted at the end of the fiscal year must remain in MVH Restricted until expended for construction, reconstruction, or preservation. 60 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Local Road & Street Fund Number 251 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 1,781,618 1,939,498 1,829,152 1,829,152 346,667 346,667 1,482,485 19% Intergov./ Grants 101,082 670,528 947,000 947,000 - - 947,000 0% Interest Earnings 43,781 18,850 7,417 7,417 1,840 1,840 5,577 25% Other Income 18,968 - - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 1,945,448 2,628,875 2,783,569 2,783,569 348,508 348,508 2,435,062 13% Expenditures by Type Supplies 4,468 367,364 350,000 383,184 3,345 32,067 35,412 347,772 9% Services & Charges Professional Services 200,078 459,207 1,170,000 1,492,455 494 501,009 501,503 990,952 34% Repairs & Maintenance 795,967 534,977 250,000 168,494 1,995 81,329 83,324 85,170 49% Other Services & Charges 2,094 8,202 - - - - - - - Total Services & Charges 998,139 1,002,386 1,420,000 1,660,949 2,489 582,338 584,827 1,076,122 35% Capital 1,552,078 543,198 300,000 612,767 16,526 301,536 318,062 294,705 52% Interfund Transfers Out 1,000,000 2,000,000 1,000,000 1,000,000 - - - 1,000,000 0% Total Expenditures 3,554,685 3,912,948 3,070,000 3,656,900 22,360 915,940 938,300 2,718,599 26% Net Surplus / (Deficit) (1,609,236) (1,284,072) (286,431) (873,331) 326,147 (589,793) Beginning Cash Balance 5,233,148 3,632,884 2,349,376 Cash Adjustments 8,971 565 - Ending Cash Balance 3,632,884 2,349,376 1,476,045 2,676,954 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund is used to track expenditures for road projects managed by the Engineering division of the Department of Public Works. Per Indiana Code Section 8-14-2-5, this fund "shall be used exclusively by the cities, towns, and counties for: engineering, land acquisition, construction, resurfacing, maintenance, restoration, or rehabilitation of both local and arterial road and street systems; the payment of principal and interest on bonds sold primarily to finance road, street, or thoroughfare projects; any local costs required to undertake a recreational or reservoir road project under IC 8-23-5; or the purchase, rental, or repair of highway equipment." This fund receives gas taxes from the State of Indiana as its primary revenue source. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Gas tax is forecasted conservatively given the changes in the State's distribution formula. This fund also receives revenue from interest earned on the fund's cash balance. Grants/Intergovernmental revenue is provided by the Indiana Department of Transportation (INDOT) and reimbursed through progress billing for state approved projects. In 2019, $2.5 million was transferred from the Local Income Tax Economic Development Fund (#408) to cover the cost of 20% local match for the Bendix Drive Pavement Replacement Project. Expenditures in this fund are for general street maintenance, traffic calming, outsourced paving, and traffic signal maintenance. Expenditures are based on the revenues received. There is no cash reserve requirement as this is a capital fund so it is spent down on capital projects. In 2021, the City issued an infrastructure bond to fund city-wide street improvements. As a result, some of the outsourced paving expenses typically budgeted for in this fund were moved to the 2021 Infrastructure Bond Capital Fund (#455). This fund supports a 50/50 matching grant (Community Crossings), funding $1,000,000 as the matching portion as an Interfund transfer to the Local Road & Bridge Grant Fund (#265). The transfer from this fund was suspended in 2021 and the matching portion was covered by the 2021 Infrastructure Bond Capital Fund (#455) and this fund transferred $2 million to the Motor Vehicle Highway Fund (#202). In 2022, this fund will resume the $1 million matching transfer to Fund #265. Cash Reserves Target No reserve requirement 61 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name LOIT Special Distribution Fund Number 257 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 144,097 - - - - - - - Interest Earnings 1,257 1,469 543 543 189 189 354 35% Other Income - 1,500 - - - - - - Total Revenue 145,354 2,969 543 543 189 189 354 35% Expenditures by Type Services & Charges Professional Services 17,856 3,762 - - - - - - - Total Services & Charges 17,856 3,762 - - - - - - - Capital 31,938 20,166 - 56,950 - 56,950 56,950 - 100% Total Expenditures 49,793 23,927 - 56,950 - 56,950 56,950 - 100% Net Surplus / (Deficit)95,560 (20,958) 543 (56,407) 189 (56,761) Beginning Cash Balance 170,735 266,588 245,630 Cash Adjustments 293 - - Ending Cash Balance 266,588 245,630 189,223 245,819 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2016, per the Indiana State Board of Accounts (SBOA), to receive a one-time payment of local income taxes from the State for the purpose of infrastructure expenditures. Per the state statute (Senate Enrolled Act 67), a minimum of 75% must be spent on infrastructure projects. A total of $4,217,549, representing 75% of the total distribution, was deposited in May 2016, comprised of $4,160,901 distributed to the City and $56,648 distributed to the Redevelopment Authority. The remainder was deposited into the Rainy Day Fund (#102). Based on the fund purpose listed above, the one-time payment of local income tax received for infrastructure improvements has been expended and therefore this fund is slated to be inactivated once all funds are spent. The City continues to use this cash to help fund infrastructure projects. The fund should be spent down in the next year or so. Projects are managed by the Engineering division of the Department of Public Works. Cash Reserves Target No reserve requirement - one-time distribution - spend down to zero 62 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Local Road & Bridge Grant Fund Number 265 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 1,102,365 791,072 1,000,000 1,000,000 - - 1,000,000 0% Interest Earnings 7,642 4,832 1,049 1,049 543 543 506 52% Other Income - - - - - - - - Interfund Transfers In 1,522,365 1,000,000 1,000,000 1,000,000 - - 1,000,000 0% Total Revenue 2,632,372 1,795,904 2,001,049 2,001,049 543 543 2,000,506 0% Expenditures by Type Services & Charges Repairs & Maintenance 1,691,081 2,482,521 2,000,000 2,923,443 197,847 1,271,724 1,469,571 1,453,871 50% Other Services & Charges - - - - - - - - - Total Services & Charges 1,691,081 2,482,521 2,000,000 2,923,443 197,847 1,271,724 1,469,571 1,453,871 50% Capital - - - - - - - - - Total Expenditures 1,691,081 2,482,521 2,000,000 2,923,443 197,847 1,271,724 1,469,571 1,453,871 50% Net Surplus / (Deficit) 941,291 (686,618) 1,049 (922,394) (197,304) (1,469,029) Beginning Cash Balance 449,431 1,391,493 704,875 Cash Adjustments 770 - - Ending Cash Balance 1,391,493 704,875 (217,519) 507,571 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10486-16) to account for the receipt of the Community Crossings state grant and matching revenue (50/50) and for the payment of expenditures on eligible projects, per the Indiana State Board of Accounts (SBOA). Community Crossings is a partnership between the Indiana Department of Transportation (INDOT) and Hoosier communities, both urban and rural, to invest in infrastructure projects that catalyze economic development, create jobs, and strengthen local transportation networks. The City is seeking $1 million in grant funding each year. In February 2017, the City received its first Community Crossings matching grant from INDOT for $1 million. The City's matching portion is covered by interfund transfers from other City funds. The transfers have come from the following funds: 2017 - $1 million - LOIT 2016 Special Distribution Fund (#257) | 2018 - $670,000 - LOIT 2016 Special Distribution Fund (#257) | 2019 - $553,253 - Local Road & Street Fund (#251) | 2020 - $1 million - Local Road & Street Fund (#251), $522,365 - Major Moves Construction Fund (#412) | 2021 - $1 million - 2021 Infrastructure Bonds Fund (#455) | 2022 - $1 million - Local Road & Street Fund (#251) Expenditures are calculated on anticipated grant proceeds, plus the City's matching portion funded by Local Road & Street Fund (#251). The Community Crossings Matching Grant project includes pavement reconstruction - asphalt milling and resurfacing and curb ramps. Projects are managed by the Engineering division of the Department of Public Works. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero 63 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Major Moves Construction Fund Number 412 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 668 84,756 - - - - - - Interest Earnings 17,411 9,556 3,481 3,481 1,455 1,455 2,026 42% Other Income 493,328 493,328 493,328 493,328 246,664 246,664 246,664 50% Total Revenue 511,407 587,639 496,809 496,809 248,119 248,119 248,690 50% Expenditures by Type Supplies - - 350,000 350,000 - - - 350,000 0% Services & Charges Professional Services 108,890 57,027 - 489,238 867 488,371 489,238 - 100% Repairs & Maintenance 44,201 - 450,000 450,000 - - - 450,000 0% Total Services & Charges 153,090 57,027 450,000 939,238 867 488,371 489,238 450,000 52% Capital 649,253 27,855 500,000 500,000 - 799 799 499,201 0% Interfund Transfers Out 522,365 - - - - - - - - Total Expenditures 1,324,708 84,882 1,300,000 1,789,238 867 489,171 490,038 1,299,201 27% Net Surplus / (Deficit)(813,301) 502,758 (803,191) (1,292,429) 247,252 (241,919) Beginning Cash Balance 2,195,972 1,386,436 1,889,193 Cash Adjustments 3,765 - - Ending Cash Balance 1,386,436 1,889,193 596,764 2,136,445 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2006 with the City's share of the proceeds for the lease of the Indiana Toll Road (I-80/90). The fund is used to finance capital improvements projects managed by the Engineering division of the Department of Public Works. Per Indiana Code Section 8-14-16-5, “money in the fund may be expended only for the following purposes: (1) Construction of highways, roads, and bridges; (2) In a county that is a member of the northwest Indiana regional development authority, or in a city or town located in such a county, any purpose for which the regional development authority may make expenditures under IC 36-7.5; (3) Providing funding for economic development projects (as defined in IC 6-3.5-7-13.1(c)(1) or IC 6-3.5-7-13.1(c)(2)(A) through IC 6-3.5-7- 13.1(c)(2)(K)); (4) Matching federal grants for a purpose described in this section; (5) Providing funding for interlocal agreements under IC 36-1-7 for a purpose described in this section; (6) Providing the county's, city's, or town's contribution to a regional development authority established under IC 36-7.6-2-3.” This fund receives principal and interest income from interfund loans (debt schedules #84 & #85) being repaid by the River East Residential TIF Fund (#436). The loans will be paid off in 2024 and 2029. This fund also receives revenue from interest earned on the fund's cash balance. Since the original funding for Major Moves was realized in 2006 from the lease proceeds of the Indiana Toll Road and the interfund loans will eventually be paid off, there will be no funding source remaining by 2029. At that time, this fund will be spent down to zero. For 2021, $450,000 was budgeted for the Streets Division to use for street paving materials. In 2022, internal street paving materials decreased to $350,000. Budgeted for 2022 is $450,000 for Contracted Paving - as part of the City's Rebuilding our Streets Initiative. Also funded in 2022 is $200,000 Flashing Beacon and $300,000 Guardrail Installation. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 64 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2021 Infrastructure Bond Capital Fund Number 455 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - 21,221 - - 2,954 2,954 (2,954) - Interfund Transfers In - 8,601,026 - - - - - - Total Revenue - 8,622,248 - - 2,954 2,954 (2,954) - Expenditures by Type Capital - 3,785,766 - 3,815,260 33,466 1,595,056 1,628,522 2,186,738 43% Interfund Transfers Out - 1,000,000 - - - - - - - Total Expenditures - 4,785,766 - 3,815,260 33,466 1,595,056 1,628,522 2,186,738 43% Net Surplus / (Deficit)- 3,836,482 - (3,815,260) (30,512) (1,625,568) Beginning Cash Balance - - 3,836,482 Cash Adjustments - - - Ending Cash Balance - 3,836,482 21,222 3,809,970 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund was established to track the expenditures of the proceeds from the LIT Lease Rental Revenue Bonds, Series 2021. The bonds were issued to fund street and neighborhood infrastructure projects. The bonds were secured with local income tax funding and are being repaid by the Local Income Tax Economic Development Fund (#408). Payment of debt service principal and interest to the bondholders is recorded in the Building Corporation Fund (#755). The par amount of the bonds were $7,610,000 with a premium of $1,250,022, a total of $8,860,022. The bonds were closed on May 12, 2021 with a net interest rate of 3.4%. The bond proceeds and cost of issuance were accounted for in the Building Corporation Fund (#755). The net amount of $8,601,026 was transferred from Fund #755 to this bond capital fund to be used towards the approved capital projects. The bonds proceeds will be spent towards improving the City's neighborhoods through street and infrastructure improvements. In 2021, $1,000,000 was transferred to the Local Road & Bridge Grant Fund (#265) as the City's match portion for the Community Crossings state matching grant from the Indiana Department of Transportation (INDOT). In 2022, the Local Road & Street Fund (#251) will resume the matching transfer. 65 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Solid Waste Operations Fund Number 610 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 5,656,106 6,092,214 6,398,200 6,398,200 1,016,073 1,016,073 5,382,127 16% Interest Earnings 2,362 781 - - 659 659 (659) - Other Income 98,540 49,951 45,000 45,000 18,131 18,131 26,869 40% Interfund Transfers In 250,000 1,796,371 - - - - - - Total Revenue 6,007,008 7,939,316 6,443,200 6,443,200 1,034,862 1,034,862 5,408,337 16% Expenditures by Type Personnel Salaries & Wages 1,151,775 1,116,262 1,294,255 1,294,255 181,053 - 181,053 1,113,202 14% Fringe Benefits 491,924 450,803 625,177 625,177 83,155 - 83,155 542,022 13% Total Personnel 1,643,699 1,567,066 1,919,432 1,919,432 264,208 - 264,208 1,655,224 14% Supplies 328,387 314,035 448,120 449,050 59,706 5,035 64,741 384,309 14% Services & Charges Printing & Advertising 504 4,106 5,193 5,193 - - - 5,193 0% Repairs & Maintenance 1,156,210 1,249,530 1,030,000 1,030,000 209,134 - 209,134 820,866 20% Education & Training - 17,160 20,000 20,000 - - - 20,000 0% Travel - - 9,900 9,900 - - - 9,900 0% Other Services & Charges 1,199,086 1,151,364 1,269,157 1,361,526 234,173 911,205 1,145,378 216,148 84% Debt Service Principal - 250,000 - - - - - - - Total Services & Charges 2,355,800 2,672,159 2,334,250 2,426,619 443,307 911,205 1,354,512 1,072,107 56% Operating Expenditures 4,327,885 4,553,260 4,701,802 4,795,101 767,221 916,240 1,683,460 3,111,640 35% Interfund Interfund Allocations 958,978 1,185,129 1,187,501 1,187,501 197,917 - 197,917 989,584 17% Interfund Transfers Out 979,213 867,967 1,124,161 1,124,161 316,415 - 316,415 807,746 28% Total Interfund 1,938,191 2,053,096 2,311,662 2,311,662 514,332 - 514,332 1,797,330 22% Total Expenditures 6,266,076 6,606,356 7,013,464 7,106,763 1,281,552 916,240 2,197,792 4,908,970 31% Net Surplus / (Deficit) (259,069) 1,332,960 (570,264) (663,563) (246,690) (1,162,930) Beginning Cash Balance 449,145 87,032 906,471 Cash Adjustments (103,044) (513,522) - Ending Cash Balance 87,032 906,471 242,908 678,490 Cash Reserves Target 626,608 660,636 710,676 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established to account for the operations of the Solid Waste Division of the Department of Public Works. Solid Waste provides weekly trash collection service. Additional services available to residents include trash extra bulky collection, weekly yard waste collection, yard waste extra bulky collection, and Christmas tree collection. This fund is funded by charging City residents a monthly fee for pick-up and disposal of trash at an area landfill/transfer station and recycling centers. The most recent rate increases were in 2008 (ordinance no. 9861-08), 2017 (ordinance no. 10400-15), and 2021 (ordinance no. 10797-21). At the end of 2020, the Common Council approved an interfund loan from the Sewage Works Operations Fund (#641) to this fund in order to ensure the cash balance was not negative at year-end. The loan was repaid June 30, 2021. Personnel - The personnel budget includes the wages and benefits for twenty-five (25) full-time employees and a small budget for one (1) part-time employee. Rates for drivers have gone up significantly. | Supplies - The supplies budget includes fuel for the trash trucks, trash and yard waste totes, uniforms, and other small operating supplies. | Services - The repair & maintenance budget includes R&M for the trash trucks. The majority of the budget for other charges & services is for landfill costs (approx. $1.2 million budgeted for 2022). Landfill costs have continued to increase as the volume of trash collected rises year after year. However, the City does not charge residents based on the volume of trash picked up so there is no additional revenue to help offset the increased costs. The City will continue to look for ways to be more efficient and/or raise more revenue. | Capital - Solid Waste's capital needs are tracked in a separate capital fund (#611). Funds are transferred to capital fund as needed for the payment of debt service payments for capital leases. The City purchases new trash trucks through 5-year capital leases. Cash Reserves Target 10% of Annual expenditures 66 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Solid Waste Capital Fund Number 611 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 946 34 - - 7 7 (7) - Debt Proceeds 375,000 758,270 1,430,000 1,430,000 - - 1,430,000 0% Interfund Transfers In 979,213 867,967 1,124,161 1,124,161 316,415 316,415 807,746 28% Total Revenue 1,355,159 1,626,271 2,554,161 2,554,161 316,421 316,421 2,237,739 12% Expenditures by Type Services & Charges Debt Service Principal 927,626 843,122 1,061,327 1,061,327 197,561 - 197,561 863,766 19% Debt Service Interest & Fees 51,027 37,977 62,834 62,834 6,001 - 6,001 56,833 10% Total Services & Charges 978,653 881,100 1,124,161 1,124,161 203,562 - 203,562 920,599 18% Capital 53,416 354,135 1,430,000 2,209,135 - 2,063,861 2,063,861 145,274 93% Total Expenditures 1,032,069 1,235,235 2,554,161 3,333,296 203,562 2,063,861 2,267,423 1,065,873 68% Net Surplus / (Deficit) 323,090 391,036 - (779,135) 112,859 (1,951,002) Beginning Cash Balance 64,925 388,126 779,163 Cash Adjustments 111 - - Ending Cash Balance 388,126 779,163 28 892,022 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for capital expenditures and debt service related to the Solid Waste Division of the Department of Public Works. Some equipment is purchased through capital leases which are usually paid off over 5 years. This fund receives interfund transfers from the Solid Waste Operations Fund (#610) to cover expenditures as needed. Over the next five years, Solid Waste plans to replace older trucks with side-load dedicated units, replacing about two trucks a year. These trucks will be purchased with capital lease proceeds and paid off over a 5-year period. The principal and interest expense budgeted is for capital lease payments for the trucks. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 67 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Operations Fund Number 620 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 19,530,007 19,423,624 20,020,371 20,020,371 2,753,503 2,753,503 17,266,868 14% Interest Earnings 29,477 28,409 15,362 15,362 9,198 9,198 6,164 60% Other Income 30,256 23,582 20,000 20,000 18,592 18,592 1,408 93% Interfund Allocation Reimb 1,788,327 1,856,424 1,414,701 1,414,701 235,784 235,784 1,178,918 17% Interfund Transfers In 83,727 656,984 - - - - - - Total Revenue 21,461,793 21,989,022 21,470,434 21,470,434 3,017,076 3,017,076 18,453,358 14% Expenditures by Type Personnel Salaries & Wages 3,387,258 3,192,897 3,894,196 3,894,196 544,832 - 544,832 3,349,364 14% Fringe Benefits 1,442,985 1,353,254 1,764,581 1,764,581 272,419 - 272,419 1,492,162 15% Total Personnel 4,830,243 4,546,151 5,658,777 5,658,777 817,252 - 817,252 4,841,526 14% Supplies 1,266,625 1,039,704 1,531,847 1,912,196 440,047 253,370 693,417 1,218,779 36% Services & Charges Professional Services 850,848 749,968 656,560 1,024,568 100,177 341,909 442,086 582,482 43% Printing & Advertising 2,209 2,029 10,359 10,359 1,584 - 1,584 8,775 15% Utilities 752,924 774,893 825,700 825,700 132,811 - 132,811 692,889 16% Repairs & Maintenance 388,841 465,164 446,700 514,744 39,009 86,678 125,687 389,057 24% Education & Training 10,322 20,142 32,675 33,875 150 1,200 1,350 32,525 4% Travel 2,754 - 18,750 18,750 - - - 18,750 0% Other Services & Charges 3,097,555 2,947,701 3,179,422 3,404,675 477,107 189,869 666,975 2,737,700 20% Debt Service Principal 401,882 296,671 201,048 201,048 100,006 - 100,006 101,042 50% Debt Service Interest & Fees 15,525 8,064 3,132 3,132 2,084 - 2,084 1,048 67% Total Services & Charges 5,522,862 5,264,631 5,374,346 6,036,850 852,927 619,655 1,472,582 4,564,268 24% Operating Expenditures 11,619,730 10,850,486 12,564,970 13,607,823 2,110,226 873,025 2,983,251 10,624,573 22% Interfund Interfund Allocations 2,184,334 2,267,793 2,342,714 2,342,714 390,452 - 390,452 1,952,262 17% PILOT 1,629,442 1,611,201 1,613,639 1,613,639 806,820 - 806,820 806,820 50% Interfund Transfers Out 5,166,931 4,951,702 6,649,430 6,649,430 1,123,534 - 1,123,534 5,525,896 17% Total Interfund 8,980,707 8,830,696 10,605,783 10,605,783 2,320,806 - 2,320,806 8,284,978 22% Total Expenditures 20,600,437 19,681,182 23,170,753 24,213,606 4,431,032 873,025 5,304,057 18,909,551 22% Net Surplus / (Deficit) 861,356 2,307,840 (1,700,319) (2,743,172) (1,413,956) (2,286,981) Beginning Cash Balance 4,204,418 4,840,727 6,550,457 Cash Adjustments (225,047) (598,110) - Ending Cash Balance 4,840,727 6,550,457 3,807,285 5,320,266 Cash Reserves Target 1,030,022 984,059 1,210,680 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 5% of Annual expenditures This fund was established to account for the revenues and operational expenses of the City-owned water utility. This fund also provides the monies for debt service obligations and capital improvements through transfer of monies to other water utility funds. The water utility is run by the Water Works Division of the Department of Public Works. Water Works solely utilizes groundwater to serve more than 112,000 customers. There are nine well fields which can produce water to be treated before making its way to homes and businesses via 550+ miles of water main. Water Works staff regularly conducts thorough testing on the groundwater before, during and after treatment, as well as throughout the distribution system. Water being distributed meets or exceeds all drinking water regulations. The general source of the water utility's revenue comes from the water service that is provided to its customers. The last rate increase was approved in 2021 (ordinance no. 10797-21). The purpose of the comprehensive rate adjustment is to provide a multi-year plan that meets the operational and capital needs of the utilities, gradually adjusting rates to generate sufficient cash flow. The increases are based on recommendations of a comprehensive utility long-term rate plan commissioned by the City. Changes to water rates are subject to approval of the Indiana Utility Regulatory Commission (IURC). Charges for services revenue forecast assumptions remain conservative. Other Income consists of reimbursements and other miscellaneous type sales. Interfund Allocation Reimbursement consists of the Utility Customer Service Allocation, which allocates the operational costs of the customer service department to benefiting operations including Sewage Works (Fund #641), Solid Waste (Fund #610), and Project ReLeaf (Fund #655); and the Payroll Cost Allocation, which allocates a portion of wages and benefits for positions that serve other divisions within the Department of Public Works. This fund also receives interest earnings from the other water utility funds (#624, 625, 626 and 629) for interest earned on cash balances in those funds that is subsequently transferred to this fund. Operational expenditures include those incurred in operating source of supply and pumping facilities, treatment facilities and distribution facilities. In addition, customer service costs are related to utility billing and collections. | Personnel - The personnel budget includes the wages and benefits for 68 full-time employees, and $86k for part-time and seasonal wages. | Supplies - The supplies budget includes inventory such as replacement parts for water mains and hydrants, repair & maintenance materials, concrete supplies, water treatment chemicals, laboratory supplies, fuel for vehicles and equipment, hardware supplies such as small tools & equipment, office supplies, and other small operating supplies. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, buildings, and minor water infrastructure repairs. The utilities budget includes the costs of electric, natural gas, and water for the Water Works Division's facilities and distribution sites. Professional services include well cleaning, electrical services, large meter testing, evaluation studies, and more. Other charges & services includes $1.1 million for various services associated with the utility's customer service billing and collections activities such as credit card processing fees, bill production and mailing, and utility billing software charges. Other charges and services also includes $1.1 million for plumbing contractors for the Water Insurance Service Line Leak Program. | Debt service principal and interest payments are for capital leases used to purchase water meters. The leases will be paid off in 2021 and 2022 (debt schedules #149 & #158). | Interfund Transfers Out include transfers to the Water Works Sinking Fund (#625) to fund debt service principal and interest payments on bonds, transfers to the Water Works Capital Fund (#622) to fund capital expenditures, and transfers to the Water Works Operations & Maintenance (O&M) Reserve (Fund #629). | Payment in lieu of taxes (PILOT) is transferred to the General Fund (#101). PILOT is calculated as 3% of the net book value of the Water Utility's capital assets. | Capital - Water Work's capital needs are tracked in a separate capital fund (#622). Funds are transferred as needed to cover capital expenditures. 68 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Capital Fund Number 622 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 236,907 171,959 210,000 210,000 4,291 4,291 205,709 2% Interest Earnings 51,626 50,372 2,173 2,173 7,501 7,501 (5,328) 345% Other Income 9,568 11,040 - - - - - - Interfund Transfers In 3,862,000 3,373,000 3,987,000 3,971,704 664,500 664,500 3,307,204 17% Total Revenue 4,160,101 3,606,371 4,199,173 4,183,877 676,292 676,292 3,507,585 16% Expenditures by Type Services & Charges Professional Services 31,704 22,740 100,000 159,347 16,305 43,042 59,347 100,000 37% Total Services & Charges 31,704 22,740 100,000 159,347 16,305 43,042 59,347 100,000 37% Capital 726,784 1,511,591 8,887,000 12,575,940 114,607 2,051,799 2,166,407 10,409,533 17% Total Expenditures 758,488 1,534,331 8,987,000 12,735,287 130,912 2,094,841 2,225,753 10,509,533 17% Net Surplus / (Deficit) 3,401,613 2,072,040 (4,787,827) (8,551,410) 545,380 (1,549,461) Beginning Cash Balance 4,187,432 7,652,044 9,672,979 Cash Adjustments 62,999 (51,105) - Ending Cash Balance 7,652,044 9,672,979 1,121,569 10,232,283 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 2022 Adopted budget includes: Equipment: $25,000 • (1) Trailer 20 ' Long for Dump Truck Vehicles: $462,000 • (1) Tandem Axle Dump Truck - $275,000 • (2) Mini Cargo Vans - $66,000 • (1) Pickup Valve Truck - $65,000 • (2) Hybrid Vehicles - $56,000 Water Mains: $1,900,000 • New Main on Lathrop Street-Bendix Drive to Portage Avenue - $888,000 • Water main, hydrant, and valve replacement - $715,000 • New on Trail ROW-Dublin Street to Cripe Street - $297,000 Water Meter Replacement - $4,000,000 System Renewal Projects- TBD - $2,500,000 Services for Capital Planning - $100,000 Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established to account for acquiring, constructing, and improving water utility capital assets. Water utility capital assets include wells, reservoirs, transmission and distribution mains, water meters, pumping equipment, treatment equipment, transportation equipment, and other general plant items. This fund receives interfund transfers from the Water Works Operations Fund (#620) as needed to cover capital expenditures. This fund also receives revenue from a system development fee: a one-time capital contribution charged to customers making a new connection to the water system. 69 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Customer Deposit Fund Number 624 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 11,222 7,493 - - - - - - Total Revenue 11,222 7,493 - - - - - - Expenditures Interfund Transfers Out 16,448 7,493 - - - - - - - Total Expenditures 16,448 7,493 - - - - - - - Net Surplus / (Deficit)(5,227) - - - - - Beginning Cash Balance 1,287,448 1,263,319 1,279,314 Cash Adjustments (18,903) 15,996 - Ending Cash Balance 1,263,319 1,279,314 1,279,314 1,284,989 Cash Reserves Target 1,263,319 1,279,314 1,279,314 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to retain the security deposits collected from utility customers. Upon termination of service, the security deposited is refunded in the form of a credit to the customer's final bill. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Historically, interest earned on this fund's cash balance was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 100% cash reserves for customer deposits 70 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Sinking (Debt Service) Fund Number 625 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 8,907 2,818 - - - - - - Interfund Transfers In 1,218,000 1,508,702 2,662,430 2,662,430 443,738 443,738 2,218,692 17% Total Revenue 1,226,907 1,511,520 2,662,430 2,662,430 443,738 443,738 2,218,692 17% Expenditures by Type Services & Charges Debt Service Principal 1,058,099 1,093,877 1,939,273 1,939,273 - - - 1,939,273 0% Debt Service Interest & Fees 443,037 417,148 723,157 723,157 500 - 500 722,657 0% Total Services & Charges 1,501,136 1,511,025 2,662,430 2,662,430 500 - 500 2,661,930 0% Interfund Transfers Out 10,069 2,818 - - - - - - - Total Expenditures 1,511,205 1,513,843 2,662,430 2,662,430 500 - 500 2,661,930 0% Net Surplus / (Deficit) (284,298) (2,323) - - 443,238 443,238 Beginning Cash Balance 286,131 2,323 - Cash Adjustments 491 - - Ending Cash Balance 2,323 - - 443,238 Cash Reserves Target 2,323 - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for the payment of debt service obligations for Water Works, including bond principal and interest payments and paying agent fees. This fund receives interfund transfers from the Water Works Operations Fund (#620) as needed to cover debt service obligations. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Current debt includes: - 2012 Water Works Refunding Bonds, Refund 2002 - scheduled to retire on 1/1/23 with final payment being made in December 2022, (debt schedule #25) - 2009 Water Works Improvements, State Revolving Fund - scheduled to retire on 1/1/30 with final payment being made in December 2029, (debt schedule #68) - 2012 Water Works Revenue Bond - scheduled to retire on 1/1/33 with final payment being made in December 2032, (debt schedule #99) - 2016 Water Works Refunding Bonds, Refund 2000 & 2006 - scheduled to retire on 1/1/27 with final payment being made in December 2026, (debt schedule #156) - 2019 Amended Water Works Revenue Bonds of 2009, Series B - scheduled to retire on 1/1/30 with final payment being made in December 2029, (debt schedule #69) Historically, interest earned on this fund's cash balance was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target No reserve requirement 71 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Bond Reserve Fund Number 626 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 12,438 8,191 - - 1 1 (1) - Total Revenue 12,438 8,191 - - 1 1 (1) - Expenditures Interfund Transfers Out 20,000 8,188 - - - - - - - Total Expenditures 20,000 8,188 - - - - - - - Net Surplus / (Deficit)(7,562) 4 - - 1 1 Beginning Cash Balance 1,427,971 1,422,800 1,422,804 Cash Adjustments 2,390 - - Ending Cash Balance 1,422,800 1,422,804 1,422,804 1,422,805 Cash Reserves Target 1,422,800 1,422,804 1,422,804 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to ensure compliance with certain debt service bond covenants. The required cash balance is determined by the debt service financing arrangements at the time of issuance. The debt service reserve amount is used towards the last debt service payment. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Historically, excess interest earned on this fund's cash balance is transferred to the Water Works Operation Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 100% cash reserves per bond covenants 72 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Water Works Operations & Maintenance Reserve Fund Number 629 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 25,426 17,168 - - - - - - Interfund Transfers In 16,931 - - 15,296 15,296 15,296 - 100% Total Revenue 42,357 17,168 - 15,296 15,296 15,296 - 100% Expenditures Interfund Transfers Out 37,210 17,168 - - - - - - - Total Expenditures 37,210 17,168 - - - - - - - Net Surplus / (Deficit)5,147 - - 15,296 15,296 15,296 Beginning Cash Balance 2,902,529 2,912,652 2,912,652 Cash Adjustments 4,976 - - Ending Cash Balance 2,912,652 2,912,652 2,927,948 2,927,948 Cash Reserves Target 2,572,765 2,455,404 2,927,948 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to hold cash reserves equivalent to two months of budgeted operating expenses in the Water Works Operations Fund (#620). This serves as fiscal protection against the risk of revenue shortfalls, emergencies, and other economic risks that may impact the water utility's ability to meet financial commitments. If this fund's cash falls below the reserve requirement, the Water Works Operations Fund (#620) will transfer funds to increase the cash reserves. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Once this fund's cash balance met the reserve requirement, any excess interest earned was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 16.67% of annual operating expenses in Fund 620, net of transfers 73 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewer Repair Insurance Fund Number 640 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 672,463 697,338 659,500 659,500 116,190 116,190 543,310 18% Interest Earnings 18,620 12,053 16,020 16,020 1,544 1,544 14,476 10% Other Income - - - - - - - - Total Revenue 691,083 709,391 675,520 675,520 117,734 117,734 557,786 17% Expenditures by Type Personnel Salaries & Wages 116,128 119,441 128,227 128,227 19,282 - 19,282 108,945 15% Fringe Benefits 51,106 52,566 55,297 55,297 9,959 - 9,959 45,338 18% Total Personnel 167,234 172,007 183,524 183,524 29,241 - 29,241 154,283 16% Supplies 26,545 34,659 65,500 65,500 5,615 - 5,615 59,885 9% Services & Charges Printing & Advertising - - 350 350 - - - 350 0% Repairs & Maintenance 507,227 422,857 401,000 401,000 54,023 3,951 57,974 343,026 14% Other Services & Charges 10,580 1,891 6,500 6,500 2,331 - 2,331 4,169 36% Total Services & Charges 517,807 424,747 407,850 407,850 56,353 3,951 60,304 347,545 15% Operating Expenditures 711,586 631,413 656,874 656,874 91,209 3,951 95,160 561,713 14% Interfund Allocations 84,511 91,901 96,195 96,195 16,033 - 16,033 80,163 17% Total Expenditures 796,097 723,314 753,069 753,069 107,241 3,951 111,193 641,876 15% Net Surplus / (Deficit) (105,014) (13,923) (77,549) (77,549) 10,493 6,542 Beginning Cash Balance 2,173,605 2,052,857 2,003,861 Cash Adjustments (15,735) (35,074) - Ending Cash Balance 2,052,857 2,003,861 1,926,312 2,014,625 Cash Reserves Target 199,024 180,829 188,267 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established in 1980 (ordinance 6811-80) to account for the repair and/or replacement of private sewer connections. The Sewer Insurance program is funded by a monthly charge on City residents' sewer bills. The City is responsible for the main sewer line; from the main line to the house is the homeowner's responsibility. This program helps residents who have an issue with their lateral that cannot be resolved by a simple clean-out by a plumber, i.e., collapsed line, complete root infiltration, etc. that requires excavation work - a "dig". The program is set up so that the homeowner pays a maximum $500 deductible toward the cost of the repair and the City pays the rest. This fund collects a monthly charge on City residents' sewer bills. This fund also receives revenue from interest earned on the fund's cash balance. Personnel - The personnel budget includes the wages and benefits for two (2) full-time employees. | Supplies - The supplies budget includes materials, uniforms, and other small operating supplies. | Services - The repair & maintenance budget includes $400k for outside contracted work and $1,000 for R&M for equipment. Cash Reserves Target 25% of Annual expenditures 74 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Works Operations Fund Number 641 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 36,969,565 38,772,010 38,398,950 38,398,950 6,936,284 6,936,284 31,462,666 18% Interest Earnings 80,803 69,545 10,333 10,333 18,303 18,303 (7,970) 177% Other Income 36,100 276,595 5,142 5,142 79,672 79,672 (74,530) 1549% Interfund Allocation Reimb 446,759 449,895 463,761 463,761 77,294 77,294 386,468 17% Interfund Transfers In 77,322 1,697,758 - - - - - - Total Revenue 37,610,549 41,265,804 38,878,186 38,878,186 7,111,553 7,111,553 31,766,634 18% Expenditures by Division Sewers 5,816,750 6,803,434 6,687,529 7,809,049 977,644 1,118,825 2,096,469 5,712,580 27% Concrete Crew 416,511 466,063 556,545 557,985 90,111 - 90,111 467,874 16% Wastewater 33,360,472 29,353,258 32,667,861 35,630,625 6,824,554 2,666,289 9,490,843 26,139,782 27% Organic Resources 1,587,652 1,326,459 1,508,008 1,548,840 239,894 75,157 315,051 1,233,789 20% Total Expenditures 41,181,385 37,949,214 41,419,943 45,546,498 8,132,203 3,860,271 11,992,474 33,554,025 26% Expenditures by Type Personnel Salaries & Wages 4,716,820 4,777,198 5,469,187 5,469,187 802,919 - 802,919 4,666,268 15% Fringe Benefits 1,973,822 1,956,552 2,367,307 2,367,307 385,524 - 385,524 1,981,783 16% Total Personnel 6,690,642 6,733,749 7,836,494 7,836,494 1,188,442 - 1,188,442 6,648,051 15% Supplies 1,666,866 1,569,805 2,038,904 2,265,949 286,610 333,281 619,891 1,646,058 27% Services & Charges Professional Services 849,692 399,309 210,000 1,815,767 97,827 1,542,858 1,640,685 175,081 90% Printing & Advertising 849 1,623 6,749 6,749 42 - 42 6,707 1% Utilities 1,101,420 1,160,652 1,322,556 1,322,556 228,155 - 228,155 1,094,401 17% Repairs & Maintenance 1,455,801 1,677,510 2,115,850 2,794,159 307,554 237,198 544,752 2,249,407 19% Education & Training 12,122 15,176 36,500 36,374 5,155 1,150 6,305 30,070 17% Travel 6,202 356 38,000 39,500 2,532 4,740 7,272 32,228 18% Other Services & Charges 2,597,472 3,240,924 2,304,655 3,892,106 201,508 1,724,738 1,926,246 1,965,859 49% Debt Service Principal 514,260 294,414 188,483 188,483 93,755 - 93,755 94,728 50% Debt Service Interest & Fees 16,278 7,815 2,936 2,936 1,954 - 1,954 982 67% Total Services & Charges 6,554,095 6,797,778 6,225,729 10,098,629 938,481 3,510,685 4,449,166 5,649,463 44% Operating Expenditures 14,911,603 15,101,333 16,101,127 20,201,072 2,413,534 3,843,966 6,257,500 13,943,572 31% Capital - - - 26,610 10,305 16,305 26,610 - 100% Interfund Interfund Allocations 5,645,332 6,312,945 6,081,041 6,081,041 1,013,507 - 1,013,507 5,067,534 17% PILOT 4,592,349 4,543,120 4,465,686 4,465,686 2,232,843 - 2,232,843 2,232,843 50% Interfund Transfers Out 16,032,102 11,991,816 14,772,089 14,772,089 2,462,014 - 2,462,014 12,310,075 17% Total Interfund 26,269,783 22,847,881 25,318,816 25,318,816 5,708,364 - 5,708,364 19,610,452 23% Total Expenditures 41,181,385 37,949,214 41,419,943 45,546,498 8,132,203 3,860,271 11,992,474 33,554,024 26% Net Surplus / (Deficit) (3,570,836) 3,316,590 (2,541,757) (6,668,312) (1,020,650) (4,880,921) Beginning Cash Balance 15,409,455 11,466,153 13,825,371 Cash Adjustments (372,465) (957,372) - Ending Cash Balance 11,466,153 13,825,371 7,157,059 12,539,503 Cash Reserves Target 2,059,069 1,897,461 2,277,325 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 5% of Annual expenditures This fund was established to account for the operations of the following divisions of the Department of Public Works: Wastewater - Facilitates the collection, treatment, and disposal of wastewater. Responsible for the operation of the treatment facility, which is a conventional activated sludge plant, the interceptor sewer system, the combined sewer overflow (CSO) system and the remote sewage lift stations. | Sewers - Oversees the repair and maintenance of approximately 700 miles of sanitary sewer and storm drains. Along with the sanitary and storm lines, Sewers also maintains around 10,000 catch basins, inlets, and drains. Maintenance of the sewer system is assisted by a vactor truck outfitted with a specialized camera system that enables real-time viewing of the inside of the sewer lines. This allows for the identification of issues to be addressed before they become problems that can affect the public. Sewers also mows and upkeeps the City’s retention ponds. | Organic Resources - Recycles collected yard waste, leaves, and brush for compost and mulch products. This fund receives revenue from charges for utility services for the City's residents. The last rate increase was approved in 2021 (ordinance no. 10797-21). The purpose of the comprehensive rate adjustment is to provide a multi-year plan that meets the operational and capital needs of the utilities, gradually adjusting rates to generate sufficient cash flow. The increases are based on recommendations of a comprehensive utility long-term rate plan commissioned by the City. The ordinance also established the Utility Assistance Program (UAP), to provide discounts to qualifying low-income customers. The program is funded by a monthly fee charged to all customers, starting out at $1.75 per month with the option to increase it gradually over the years to support the program as needed. Interfund Allocation Reimbursement is the Payroll Cost Allocation, which allocates a portion of wages and benefits for positions that serve other divisions within the Department of Public Works. These positions are allocated out to the following Public Works divisions: Streets (Fund #202), Water Works (Fund #620), Sewer Insurance (Fund #640), and Concrete Crew. This fund also receives interest earnings from the other sewage works funds (#643 & 654) for interest earned on cash balances in those funds that is subsequently transferred to this fund. Operational expenditures include those incurred in operating the wastewater treatment plant, maintaining the City's sewer system, and operating the Organic Resources facility which processes leaves, brush, wood and other yard waste. | Personnel - The personnel budget includes the wages and benefits for 89 full-time employees, and $243k for part-time and seasonal wages. | Supplies - Includes supplies needed to operate the wastewater treatment plant, such as water treatment chemicals, laboratory supplies, repair & maintenance materials, fuel for vehicles and equipment, hardware supplies such as small tools & equipment, office supplies, and other small operating supplies. Also includes supplies for sewer repair & maintenance and the operations of Organic Resources. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, buildings, and minor sewer infrastructure repairs. The utilities budget includes the costs of electric, natural gas, and water for the wastewater treatment plant facilities, organic resources, and 50% of the utilities costs for the Public Works Service Center (utilized by Sewers). The other 50% is paid for by the Streets division which is budgeted in the Motor Vehicle Highway Fund (#202). Professional services include contract lab analysis and biomonitoring that cannot be completed in-house. Other charges & services includes contractual services for main line repairs and engineering projects for storm/sanitary sewer system repair/rehab/stabilization. | Debt service principal and interest payments are for capital leases used to purchase vehicles and equipment. The leases will be paid off in 2021 and 2022 (debt schedules #149, 152, 158, & 164). | Interfund Transfers Out include transfers to the Sewage Works Sinking Fund (#649) to fund debt service payments on bonds and transfers to the Sewage Works Capital Fund (#642) to fund capital expenditures.| Payment in lieu of taxes (PILOT) is transferred to the General Fund (#101). PILOT is calculated as 3% of the net book value of Sewage Works' capital assets. | Capital - Sewage Works' capital needs are tracked in a separate capital fund (#642). Funds are transferred as needed to cover capital expenditures. 75 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Works Capital Fund Number 642 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 547,367 539,730 339,000 339,000 9,379 9,379 329,621 3% Interest Earnings 137,764 87,851 1,399 1,399 11,159 11,159 (9,760) 798% Other Income 17,342 24,656 - - - - - - Interfund Transfers In 7,911,000 5,946,370 3,693,000 3,871,553 794,053 794,053 3,077,500 21% Total Revenue 8,613,472 6,598,607 4,033,399 4,211,952 814,591 814,591 3,397,361 19% Expenditures by Type Services & Charges Professional Services - - 2,400,000 2,400,000 - - - 2,400,000 100% Total Services & Charges - - 2,400,000 2,400,000 - - - 2,400,000 0% Capital 4,248,134 6,048,729 8,293,000 12,214,348 - 3,989,349 3,989,349 8,225,000 33% Total Expenditures 4,248,134 6,048,729 10,693,000 14,614,348 - 3,989,349 3,989,349 10,625,000 27% Net Surplus / (Deficit)4,365,338 549,878 (6,659,601) (10,402,396) 814,591 (3,174,758) Beginning Cash Balance 9,417,064 13,821,218 14,359,708 Cash Adjustments 38,815 (11,388) - Ending Cash Balance 13,821,218 14,359,708 3,957,312 15,186,665 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for the purchase of capital equipment and to fund major renovations/restorations for the following divisions of the Department of Public Works: Wastewater, Sewers, Organic Resources, and Concrete Crew. This fund receives interfund transfers from the Sewage Works Operations Fund (#641) as needed to cover capital expenditures. This fund also receives revenue from a system development fee: a one-time capital contribution charged to customers making a new connection to the water system. Additionally, this fund receives revenue from the selling of RINs (renewable identification numbers) credits that are part of the EPA Renewable Fuel Standards program. Fuel refiners and importers of nonrenewable fuels are obligated to produce a certain volume of renewable fuel or to buy an equivalent amount of credits on the RIN market. The City is using the biogas from its wastewater treatment plant digester to fuel its Solid Waste division's trash trucks. Each gallon equivalent that the City uses in a vehicle gets sold as a credit. The type of fuel produced by the City is rated D3 to be used for transportation. 2022 adopted budget includes: Capital Equipment Wastewater: • (1) Connect Van - $30,000 • (1) Utility Cart - $18,000 • (2) Portable Generators & Trailers - $120,000 Organic Resources: • (3) Front End Loaders - $310,000 Sewers Division: • (1) Excavator - $300,000 • (1) Sewer Camera Truck - $425,000 • (1) Truck-4WD/crew cab - $60,000 • (2) Compressors - $30,000 Capital Projects Wastewater Treatment Plant (WWTP) Upgrades: • WWTP Plant/Secondary Projects - $5.0 million • WWTP Secondary Plant Improvements - $1.4 million • LTCP/CSO Tank Design WWTP - $1.0 million Sewers: • Sewer Lining Projects - $2.0 million Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 76 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Works Operations & Maintenance Reserve Fund Number 643 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 48,416 32,719 - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 48,416 32,719 - - - - - - Expenditures Interfund Transfers Out 71,004 32,719 - - - - - - - Total Expenditures 71,004 32,719 - - - - - - - Net Surplus / (Deficit)(22,588) - - - - - Beginning Cash Balance 5,563,851 5,550,801 5,550,801 Cash Adjustments 9,538 - - Ending Cash Balance 5,550,801 5,550,801 5,550,801 5,550,801 Cash Reserves Target 4,192,386 4,327,098 5,130,094 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to hold cash reserves equivalent to two months of budgeted operating expenses in the Sewage Works Operations Fund (#641). This serves as fiscal protection against the risk of revenue shortfalls, emergencies, and other economic risks that may impact the sewage works' ability to meet financial commitments. If this fund's cash falls below the reserve requirement, the Sewage Works Operations Fund (#641) will transfer funds to increase the cash reserves. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Once this fund's cash balance meets the reserve requirement, any excess interest earned is transferred to the Sewage Works Operations Fund (#641). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Cash Reserves Target 16.67% of annual operating expenses in Fund 641, net of transfers 77 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Sinking (Debt Service) Fund Number 649 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 41,998 19,986 12,075 - - - - - Debt Proceeds 5,743,815 14,339,893 - - - - - - Interfund Transfers In 8,110,581 7,845,090 11,079,089 11,079,089 1,846,514 1,846,514 9,232,575 17% Total Revenue 13,896,394 22,204,969 11,091,164 11,079,089 1,846,514 1,846,514 9,232,575 17% Expenditures by Type Services & Charges Debt Service Principal 11,716,557 20,236,844 8,699,185 8,699,185 - - - 8,699,185 0% Debt Service Interest & Fees 1,948,613 1,779,749 2,379,904 2,379,904 1,100 - 1,100 2,378,804 0% Total Services & Charges 13,665,170 22,016,593 11,079,089 11,079,089 1,100 - 1,100 11,077,989 0% Interfund Transfers Out - 1,509,210 - - - - - - - Total Expenditures 13,665,170 23,525,803 11,079,089 11,079,089 1,100 - 1,100 11,077,989 0% Net Surplus / (Deficit)231,224 (1,320,833) 12,075 - 1,845,414 1,845,414 Beginning Cash Balance 1,087,745 1,320,833 - Cash Adjustments 1,865 - - Ending Cash Balance 1,320,833 - - 1,845,414 Cash Reserves Target 1,320,833 - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for the payment of debt service obligations for Sewage Works, including bond principal and interest payments and paying agent fees. This fund receives interfund transfers from the Sewage Works Operations Fund (#641) as needed to cover debt service obligations. This fund also receives revenue from interest earned on the fund's cash balance. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). In 2021, the City issued the 2021 Sewage Works Refunding Revenue Bonds to refund the 2009 Sewage Works State Revolving Loan Fund (SRF) Loan (debt schedule #70) and the 2011 Sewage Works Revenue Bonds (debt schedule #93). The par amount of the bonds were $12,450,000 with a premium of $1,889,893 a total of $14,339,893. The funds were deposited into this fund to be used to pay off the 2009 and 2011 debt in December 2021. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). Current debt includes: - 2012 Sewage Works Revenue Bonds - final payment December 1, 2032, (debt schedule #101) - 2013A Sewage Works Revenue Bonds - final payment December 1, 2024 , (debt schedule #105) - 2015 Sewage Works Revenue Bonds, Refunding 2006 & 2007 - final payment December 1, 2025, (debt schedule #145) - 2020 Sewage Works Revenue Bonds, Refunding 2010 - final payment December 1, 2030, (debt schedule #80) - 2021 Sewage Works Revenue Bonds, Refunding 2009 & 2011 - final payment December 1, 2031 (debt schedule #219) The 2020 Debt Service Principal and Interest expense was higher than usual due to the refunding of the 2010 Sewage Works Revenue Bonds. The proceeds from the issuance of the refunding were used to pay off of the original 2010 bonds. The payoff was $5.49 million in principal and $125k in interest. The refunding saved the City approximately $1.4 million in principal and interest over the remaining life of the bonds. The 2021 Debt Service Principal and Interest expense was higher than usual due to the refunding of the 2009 and 2011 debt. The proceeds from the issuance of the refunding were used to pay off of the original debt. The payoff was $15.1 million in principal and $323k in interest. The refunding saved the City approximately $3.5 million in principal and interest over the remaining life of the bonds. Cash Reserves Target No reserve requirement 78 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Debt Service Reserve Fund Number 653 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 20,901 271 36,647 36,647 - - 36,647 0% Interfund Transfers In - 1,509,210 - - - - - - Total Revenue 20,901 1,509,481 36,647 36,647 - - 36,647 0% Expenditures by Type Interfund Transfers Out 322,566 1,749,971 - - - - - - - Total Expenditures 322,566 1,749,971 - - - - - - - Net Surplus / (Deficit)(301,665) (240,490) 36,647 36,647 - - Beginning Cash Balance 4,291,915 3,990,250 3,749,760 Cash Adjustments - - - Ending Cash Balance 3,990,250 3,749,760 3,786,407 3,749,760 Cash Reserves Target 3,990,250 3,749,760 3,786,407 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2009 (ordinance 9966-09) to be the repository for the City's Sewage Works bond debt service reserves as required by bond documents. The required cash balance is determined by the debt service financing arrangements at the time of issuance. The debt service reserve amount is used towards the last debt service payment. This fund receives revenue from interest earned on the fund's cash balance. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). A new debt service reserve requirement was established for the 2021 Sewage Works Refunding Revenue Bonds (debt schedule #219) in the amount of $1,509,210. This amount was transferred from the Sewage Works Sinking Fund (#649) in 2021. The debt service reserve amount is used towards the last debt service payment. Bond principal and interest payments are accounted for in the Sewage Works Sinking Fund (#649). In 2020, the 2010 Sewage Works Revenue Bonds were refunded. The 2010 bonds debt service reserve amount ($322,566) was transferred to the Sewage Works Sinking Fund (#649) to be used towards the refunding. In 2021, the City issued the 2021 Sewage Works Refunding Revenue Bonds to refund the 2009 Sewage Works State Revolving Loan Fund (SRF) Loan (debt schedule #70) and the 2011 Sewage Works Revenue Bonds (debt schedule #93). The remaining debt service reserve ($1,749,971) for the 2009 and 2011 debt was transferred to the Sewage Works Debt Service Fund #649 to be used towards the pay off of the debt in December 2021. Cash Reserves Target 100% cash reserves per bond covenants 79 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Sewage Works Customer Deposit Fund Number 654 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 4,641 4,446 - - - - - - Total Revenue 4,641 4,446 - - - - - - Expenditures Interfund Transfers Out 6,318 4,446 - - - - - - - Total Expenditures 6,318 4,446 - - - - - - - Net Surplus / (Deficit)(1,677) - - - - - Beginning Cash Balance 413,157 649,073 903,840 Cash Adjustments 237,593 254,768 - Ending Cash Balance 649,073 903,840 903,840 942,321 Cash Reserves Target 649,073 903,840 903,840 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to retain the security deposits collected from utility customers. Upon termination of service, the security deposited is refunded in the form of a credit to the customer's final bill. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Historically, interest earned on this fund's cash balance was transferred to the Sewage Works Operations Fund (#641). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Cash Reserves Target 100% cash reserves for customer deposits 80 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Project ReLeaf Fund Number 655 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 446,136 466,321 451,610 451,610 76,209 76,209 375,401 17% Interest Earnings 4,176 2,322 2,244 2,244 216 216 2,028 10% Total Revenue 450,312 468,643 453,854 453,854 76,426 76,426 377,429 17% Expenditures by Type Personnel Salaries & Wages 56,338 40,726 83,136 83,136 7,970 - 7,970 75,167 10% Fringe Benefits 4,376 3,115 6,360 6,360 702 - 702 5,659 11% Total Personnel 60,714 43,841 89,496 89,496 8,671 - 8,671 80,826 10% Supplies 4,764 3,980 7,250 7,250 - - - 7,250 0% Services & Charges Other Services & Charges 2,634 1,793 6,500 6,500 1,608 - 1,608 4,892 25% Total Services & Charges 2,634 1,793 6,500 6,500 1,608 - 1,608 4,892 25% Operating Expenditures 68,112 49,614 103,246 103,246 10,279 - 10,279 92,968 10% Interfund Interfund Allocations 42,385 37,736 46,462 46,462 7,744 - 7,744 38,718 17% Interfund Transfers Out 300,000 500,000 300,000 300,000 50,000 - 50,000 250,000 17% Total Interfund 342,385 537,736 346,462 346,462 57,744 - 57,744 288,718 17% Total Expenditures 410,497 587,350 449,708 449,708 68,022 - 68,022 381,686 15% Net Surplus / (Deficit) 39,815 (118,707) 4,146 4,146 8,404 8,404 Beginning Cash Balance 398,183 425,913 282,057 Cash Adjustments (12,085) (25,149) - Ending Cash Balance 425,913 282,057 286,203 285,569 Cash Reserves Target 102,624 146,838 112,427 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This was established to account for the fall and spring leaf collection program. This program is managed by the Department of Public Works through the Streets division. This fund was established in 1989 (ordinance 8007-89) in response to the problems brought about by the layers of dead leaves that collect in the fall. The City instituted a leaf pick-up program, called "Operation Re-Leaf," which encompassed using leaf vacuums as the primary collection tool. The City collects and disposes of leaves for residents to mitigate the practice of burning leaves. Burning leaves impacts air quality and can cause house/wildfires. (Ord. No. 7895-88, § 1; Ord. No. 8023-89, § 1; Ord. No. 9641-05, § I, 11-18-05) Beginning in the fall 1989, the service charge per customer for this program was eighteen cents ($0.18) per month per household. Starting January 1, 2006, the charge was increased to ninety-nine cents ($0.99) per month per household. The charge is included on residents' utility bills. There are currently 37,638 customers who pay for this service. This fund also receives revenue from interest earned on the fund's cash balance. The personnel budget includes the wages and benefits for the seasonal employees who perform the leaf pick-up work during the fall and spring. Interfund Transfers Out are for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by other funds. Currently, the leaf pickup program does not fund itself and the City has been spending down this fund's cash balance. Prior to 2021, Interfund Transfers Out were made to the Motor Vehicle Highway Fund (#202) for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by the Streets division. In 2021, the Interfund Transfers Out was budgeted for a transfer to the Sewage Works Operations Fund (#641) for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by Fund 641. In 2022, the transfer will be made to Fund #202 going forward. Cash Reserves Target 25% of Annual expenditures 81 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Storm Sewer Fund Number 667 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 1,037,898 1,064,337 1,147,200 1,147,200 170,546 170,546 976,654 15% Intergov./ Grants - 68,000 - - - - - - Interest Earnings 4,831 7,492 4,172 4,172 1,250 1,250 2,922 30% Total Revenue 1,042,729 1,139,829 1,151,372 1,151,372 171,796 171,796 979,576 15% Expenditures by Type Services & Charges Professional Services 11,085 74,572 200,000 457,213 12,554 302,669 315,224 141,989 69% Other Services & Charges 3,186 175 - - (86) - (86) 86 - Total Services & Charges 14,272 74,747 200,000 457,213 12,468 302,669 315,137 142,075 69% Capital 90,050 436,855 824,000 1,814,243 - 1,077,548 1,077,548 736,695 59% Total Expenditures 104,322 511,602 1,024,000 2,271,456 12,468 1,380,217 1,392,685 878,770 61% Net Surplus / (Deficit) 938,407 628,227 127,372 (1,120,084) 159,328 (1,220,889) Beginning Cash Balance 124,406 1,032,916 1,604,154 Cash Adjustments (29,898) (56,988) - Ending Cash Balance 1,032,916 1,604,154 484,070 1,754,871 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: On January 14, 2019, the Common Council passed an ordinance to establish a storm water user fee (ordinance 10633-19). This fund was established to track receipt of the storm water fee revenue and expense of that revenue on storm water projects. - The storm sewer system consists of sewers, storm inlets, catch basins, manholes, curbs, gutters, ditches, swales, retention and/or detention ponds or basins, dams, and flood control facilities designed for the collection, control, transport or discharge of stormwater. A storm water utility fee is a fee that produces revenue dedicated to improving drainage, controlling flooding, improving water quality and implementing regulations. The original storm water fee structure was a flat rate of $2 per month for residential customers and $5 per month for non-residential customers. The fee took effect on June 1, 2019. In August 2021, the Common Council passed ordinance no. 10797-21 to change the rates. Effective January 1, 2022, the residential flat rate remains $2 per month however the non- residential rate will change as follows: Tier 1-$5, Tier-2 $8, Tier 3-$10, Tier 4-$16, and Tier 5-$20. The ordinance allows for the storm water rates to increase incrementally from 2022 through 2025. In 2021, the City received a $68,000 grant from the Indiana Department of Natural Resources - Lake and River Enhancement Program Division of Wildlife to be used towards the Northshore Bank Stabilization Project. The 2022 budget for stormwater projects include $200,000 for professional services and $824,000 identified for storm sewer projects, drainage projects, downspout disconnection plan and misc. repairs. In 2021, projects included work on the South Bend Dam, Flood Mitigation, Western Avenue Phase III Storm Sewer, and the Michigan Street Separation. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 82 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police State Seizures Fund Number 216 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 4,678 22,670 5,000 5,000 - - 5,000 0% Interest Earnings 1,895 993 896 896 134 134 762 15% Other Income 18 - - - - - - - Interfund Transfers In - 7,636 - - - - - - Total Revenue 6,591 31,299 5,896 5,896 134 134 5,762 2% Expenditures by Type Services & Charges Education & Training - - 10,000 10,000 - - - 10,000 0% Other Services & Charges - - 12,000 12,000 - - - 12,000 0% Total Services & Charges - - 22,000 22,000 - - - 22,000 0% Capital 31,753 71,043 22,500 22,500 - - - 22,500 0% Total Expenditures 31,753 71,043 44,500 44,500 - - - 44,500 0% Net Surplus / (Deficit)(25,162) (39,744) (38,604) (38,604) 134 134 Beginning Cash Balance 238,323 213,569 173,825 Cash Adjustments 409 - - Ending Cash Balance 213,569 173,825 135,221 173,959 Cash Reserves Target 7,938 17,761 11,125 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for law enforcement expenditures financed by the state or local agencies' authorized sale of confiscated property. This fund receives revenue from the state or local agencies' authorized sale of confiscated property. This fund's revenue stream is not a steady flow. It is dependent upon the processing and release of funds from the State for seized assets in drug activities. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are typically budgeted for law enforcement training and various Police Department expenses. In recent years, the Police Department has used this fund to purchase one to two vehicles each year. The Police Department has continued to spend down the cash balance in this fund in order to alleviate some of the burden on its operating budget in the General Fund (#101). Cash Reserves Target 25% of Annual expenditures 83 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Curfew Violations Fund Number 218 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 768 - - - - - - - Interest Earnings 115 82 - - 8 8 (8) - Total Revenue 883 82 - - 8 8 (8) - Expenditures by Type Interfund Transfers Out - - 18,799 18,799 13,888 - 13,888 4,911 74% Total Expenditures - - 18,799 18,799 13,888 - 13,888 4,911 74% Net Surplus / (Deficit)883 82 (18,799) (18,799) (13,880) (13,880) Beginning Cash Balance 12,894 13,799 13,880 Cash Adjustments 22 - 4,919 Ending Cash Balance 13,799 13,880 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 8135-90) to account for monies received from Juvenile Positive Assistance. This fund receives monies from Juvenile Positive Assistance and from the curfew ordinance violation fines. This fund also receives revenue from interest earned on the fund's cash balance. In recent years, this fund has received very little revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement 84 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Law Enforcement Continuing Education Fund Number 220 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - 41,980 - 183,000 113,240 113,240 69,760 62% Charges for Services 148,550 115,024 115,000 115,000 18,948 18,948 96,052 16% Fines, Forfeitures, and Fees 92,751 89,648 101,200 101,200 28,679 28,679 72,521 28% Interest Earnings 3,849 2,229 4,889 4,889 334 334 4,555 7% Donations 2,000 500 1,000 1,000 - - 1,000 0% Other Income 11,555 2,970 - - 1,206 1,206 (1,206) - Interfund Transfers In - 73,512 352,373 352,373 218,182 218,182 134,191 62% Total Revenue 258,705 325,862 574,462 757,462 380,590 380,590 376,873 50% Expenditures by Type Supplies 62,084 193,652 137,000 120,199 26,494 10,227 36,721 83,478 31% Services & Charges Professional Services 1,136 188 - - - - - - - Education & Training 81,558 131,259 90,000 90,375 36,805 15,635 52,440 37,935 58% Travel 20,646 28,840 51,500 51,745 10,572 6,885 17,457 34,288 34% Other Services & Charges 31,475 69,045 59,250 59,250 7,229 - 7,229 52,021 12% Total Services & Charges 134,816 229,333 200,750 201,370 54,607 22,520 77,127 124,244 38% Capital - - - - - 35,531 35,531 (35,531) - Interfund Transfers Out - - - 19,000 19,000 - 19,000 - 100% Total Expenditures 196,900 422,985 337,750 340,568 100,101 68,278 168,379 172,191 49% Net Surplus / (Deficit) 61,806 (97,123) 236,712 416,894 280,488 212,210 Beginning Cash Balance 421,276 483,549 378,981 Cash Adjustments 467 (7,445) - Ending Cash Balance 483,549 378,981 795,875 689,899 Cash Reserves Target 49,225 105,746 85,142 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 6974-81) to fund the continuing education for the officers of the South Bend Police Department. This fund is funded by fees from accident reports and fines for false alarm and loud noise ordinance violations. Starting in 2022, this fund will receive the following revenue sources previously accounted for in other police special revenue funds: state and federal grant revenue, charges for services from the enforcement courses offered to other police departments who pay a fee to attend the training (formerly in Fund #294), impound towing fees (formerly Fund #295), and donations for the Police K-9 unit (formerly in Fund #705). This fund also receives revenue from interest earned on the fund's cash balance. Previously, this fund received revenue from gun permit application fees; however, a change in State legislation eliminated this revenue source. Effective July 1, 2021, the City of South Bend and other municipalities can no longer charge a fee for processing gun permit applications. This change negatively impacts the South Bend Police Department as gun permit fees accounted for $45k-$60k in revenue in this fund annually. Expenditures include educational materials and equipment, conference and training registration, and travel costs for conferences/trainings. Starting in 2022, this fund will also account for grant related activities or grant funded purchases previously accounted for in other police special revenue funds. Cash Reserves Target 25% of Annual expenditures 85 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Local Income Tax - Public Safety Fund Number 249 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 9,703,297 9,391,746 8,826,957 8,826,957 1,450,850 1,450,850 7,376,107 16% Interest Earnings 33,595 25,015 10,000 10,000 2,910 2,910 7,090 29% Total Revenue 9,736,892 9,416,761 8,836,957 8,836,957 1,453,760 1,453,760 7,383,197 16% Expenditures by Department Police Department 4,619,654 4,737,560 6,344,523 6,344,523 976,080 - 976,080 5,368,443 15% Fire Department 4,330,886 4,880,453 6,344,524 6,344,524 976,080 - 976,080 5,368,444 15% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 1,952,160 - 1,952,160 10,736,887 15% Expenditures by Type Personnel Salaries & Wages 6,703,431 7,651,358 12,689,047 12,689,047 1,952,160 - 1,952,160 10,736,887 15% Fringe Benefits 2,247,109 1,966,655 - - - - - - - Total Personnel 8,950,540 9,618,013 12,689,047 12,689,047 1,952,160 - 1,952,160 10,736,887 15% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 1,952,160 - 1,952,160 10,736,887 15% Net Surplus / (Deficit) 786,352 (201,253) (3,852,090) (3,852,090) (498,400) (498,400) Beginning Cash Balance 3,253,787 4,045,717 3,844,465 Cash Adjustments 5,578 - 7,625 Ending Cash Balance 4,045,717 3,844,465 - 3,346,065 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established in 2010 due to Indiana's property tax "circuit breaker" system that effectively limited property tax receipts. This fund can only be used to pay for Public Safety personnel wages and benefits. (Resolution 3980-09, Indiana Code IC 6-3.6-6-8) This fund receives the Public Safety portion of the City's Local Income Tax (LIT) revenue distribution. The City adopted a special income tax of one quarter of one percent (0.25%) to be used solely for the salaries of public safety positions that were formerly paid by property taxes. Local income tax revenue distributions are determined annually by the Indiana Dept of Local Government Finance (DLGF). Local income tax revenue is distributed by St. Joseph County monthly. Because this fund can only be used to pay for public safety personnel, the City budgets for the salaries and benefits for as many sworn police officers and firefighters as this fund’s revenue can support. This reduces the public safety personnel expenses in the General Fund (#101). This fund's cash balance has grown in recent years due to unanticipated supplemental income tax distributions; therefore, the City plans to spend down the excess cash during 2022. Cash Reserves Target No reserve requirement 86 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Take Home Vehicle Fund Number 278 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 5,480 14,640 5,720 5,720 5,640 5,640 80 99% Interest Earnings 5,998 4,038 5,434 5,434 538 538 4,896 10% Total Revenue 11,478 18,678 11,154 11,154 6,178 6,178 4,976 55% Expenditures by Type Services & Charges Other Services & Charges 8,690 270 50,000 50,000 - - - 50,000 0% Total Services & Charges 8,690 270 50,000 50,000 - - - 50,000 0% Interfund Transfers Out 49,087 - - - - - - - - Total Expenditures 57,777 270 50,000 50,000 - - - 50,000 0% Net Surplus / (Deficit)(46,299) 18,408 (38,846) (38,846) 6,178 6,178 Beginning Cash Balance 725,194 681,823 698,546 Cash Adjustments 2,928 (1,685) - Ending Cash Balance 681,823 698,546 659,700 704,724 Cash Reserves Target 750,000 750,000 750,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund charges police officers for liability insurance for take home police vehicles. Deductions from officers are made in accordance with an agreement with the Fraternal Order of Police (FOP). The agreement calls for the suspension of the deduction based on the price of gas and the balance of cash in this fund. The decrease in revenue is the result of suspending the payroll deduction for sworn officers as outlined in the agreement between the Police Department and the FOP. This fund receives revenue from interest earned on the fund's cash balance. As the fund's cash balance dips below the reserve requirement set by the FOP, the City anticipate the deduction will be increased. Expenditures are driven by the number of off duty accident claims. Claims have been minimal in this fund since it was created. Cash Reserves Target Set dollar amount of $750,000 This fund was established (ordinance 9919-09) to receive monies collected from South Bend Police Department Officers participating in the City's Take Home Vehicle Program. The City shall use all monies deposited into this fund to pay the costs and expenses associated with claims arising from use of program vehicles occurring while officers are not on duty. 87 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Block Grants Fund Number 280 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 36 24 - - 2 2 (2) - Total Revenue 36 24 - - 2 2 (2) - Expenditures by Type Interfund Transfers Out - - 4,338 4,338 4,165 - 4,165 173 96% Total Expenditures - - 4,338 4,338 4,165 - 4,165 173 96% Net Surplus / (Deficit) 36 24 (4,338) (4,338) (4,162) (4,162) Beginning Cash Balance 4,095 4,138 4,162 Cash Adjustments 7 - 176 Ending Cash Balance 4,138 4,162 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the revenue and expenditures related to specific federal grants for the Police Department. Historically, this fund received grant revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Federal grant revenue and expenditures for the Police Department will be tracked in Fund #220 going forward. Cash Reserves Target No reserve requirement 88 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Fire Department Capital Fund Number 287 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - 75,000 75,000 - - 75,000 0% Charges for Services 2,514,908 1,905,360 1,837,850 1,837,850 328,674 328,674 1,509,176 18% Fines, Forfeitures, and Fees - 300 - - - - - - Interest Earnings 9,151 8,474 9,023 9,023 1,297 1,297 7,726 14% Debt Proceeds 1,660,000 210,000 2,310,000 2,310,000 - - 2,310,000 0% Other Income 8,244 1,334 - - 19,998 19,998 (19,998) - Interfund Transfers In - - - - - - - - Total Revenue 4,192,303 2,125,468 4,231,873 4,231,873 349,970 349,970 3,881,904 8% Expenditures by Type Supplies - - - - - - - - - Services & Charges Debt Service Principal 343,971 662,651 1,132,508 1,132,508 184,358 - 184,358 948,150 16% Debt Service Interest & Fees 31,114 36,120 82,708 82,708 8,109 - 8,109 74,599 10% Total Services & Charges 375,085 698,771 1,215,216 1,215,216 192,467 - 192,467 1,022,749 16% Capital 1,925,268 1,029,049 2,610,000 4,834,466 - 2,224,466 2,224,466 2,610,000 46% Interfund Transfers Out 746,231 750,306 748,657 748,657 374,616 - 374,616 374,041 50% Total Expenditures 3,046,584 2,478,126 4,573,873 6,798,339 567,083 2,224,466 2,791,549 4,006,790 41% Net Surplus / (Deficit) 1,145,719 (352,658) (342,000) (2,566,466) (217,113) (2,441,579) Beginning Cash Balance 1,962,214 3,111,296 2,758,339 Cash Adjustments 3,364 (300) - Ending Cash Balance 3,111,296 2,758,339 191,873 2,541,225 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10339-14) to track capital expenditures of the South Bend Fire Department. Capital purchases include fire apparatuses, ambulances, and major construction projects. This fund is also used to repay debt issued for capital purchases and capital improvements, such as vehicle/equipment capital leases and bonds. In 2020, the interfund transfer from the EMS Operating Fund (#288) was replaced by payments from St Joseph County for the City providing EMS services. Revenue received from various grants for equipment or other capital is deposited here. This fund also receives revenue from interest earned on the fund's cash balance. Capital spending includes Fire Department fleet needs as well as updates and repair & maintenance to Fire Department facilities. To keep the fleet within a serviceable life span, generally the City aims to purchase 2 pumper trucks every 3 years and an aerial apparatus every 5 years. The City also purchases or refurbishes an ambulance each year. The Fire Department also uses this fund to replace necessary equipment such as self contained briefing apparatus (SCBA), cardiac monitors, and turnout gear. | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles and equipment purchased through 5-year capital leases.| Interfund Transfers Out includes transfers to debt service funds for principal and interest payments on two different bonds: 2013 EMS/Fire Station/Tower Bonds (final payment February 1, 2033, debt schedule #116) and 2018 General Obligation Bonds-Fire Station #9 (final payment January 15, 2038, debt schedule #168). Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 89 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Emergency Medical Services Operating Fund Number 288 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 10,316 - - - - - - - Other Income 797 - - - - - - - Total Revenue 11,113 - - - - - - - Expenditures by Type Supplies 1,468 - - - - - - - - Services & Charges Professional Services 1,292 - - - - - - - - Repairs & Maintenance 42,719 - - - - - - - - Education & Training 4,778 - - - - - - - - Other Services & Charges 54,946 - - - - - - - - Total Services & Charges 103,734 - - - - - - - - Interfund Transfers Out 1,716,684 607,079 - - - - - - - Total Expenditures 1,821,886 607,079 - - - - - - - Net Surplus / (Deficit)(1,810,773) (607,079) - - - - Beginning Cash Balance 2,520,160 607,079 - Cash Adjustments (102,309) - - Ending Cash Balance 607,079 - - - Cash Reserves Target - - - Fund Purpose: This fund accounted for the expenditures of the Emergency Medical Services (EMS) program. This Fund captured personnel and operating expenses primarily for Emergency Medical Services division and reflected a portion of the cost associated with operating ambulances. Revenue received from EMS services was not sufficient to cover expenses. Keeping EMS in its own fund would require interfund transfers. Starting in 2020, EMS activities were moved to the General Fund (#101). Moving EMS revenue and expenditures into the General Fund simplified accounting. The transfer included the wages and benefits for 47 firefighters and 4 EMS billing personnel. Keeping firefighter EMS personnel in a separate budget proved impractical due to frequently changing assignments. EMS expenditures related to billing are accounted for in separate division in the General Fund. The remaining cash balance in Fund 288 was transferred to the General Fund (#101) during 2021. Cash Reserves Target No reserve requirement 90 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Haz-Mat Fund Number 289 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - 10,000 10,000 - - 10,000 0% Interest Earnings 243 165 256 256 22 22 234 8% Other Income - - - - - - - - Total Revenue 243 165 10,256 10,256 22 22 10,234 0% Expenditures by Type Supplies - - 10,000 10,000 - - - 10,000 0% Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - 10,000 10,000 - - - 10,000 0% Net Surplus / (Deficit)243 165 256 256 22 22 Beginning Cash Balance 27,647 27,937 28,102 Cash Adjustments 47 - - Ending Cash Balance 27,937 28,102 28,358 28,124 Cash Reserves Target - - 2,500 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7748-87) to account for the monies generated by the South Bend Fire Department's response to hazardous materials incidents. The monies accumulated in this fund may be expended for the replacement, repair, or purchase of Haz-Mat equipment, for training and supplies and to defray the expense of Haz-Mat related activities. There are no budgeted positions in this fund, responses are made by firefighters of the South Bend Fire Department. By ordinance, the South Bend Fire Department charges businesses for hazardous materials response. Funding is entirely dependent on the number of billable hazardous material responses in any given calendar year. This fund also receives revenue from interest earned on the fund's cash balance. In recent years, this fund has been used to purchase supplies for the Haz-Mat response team. No major expenditures are planned. Cash Reserves Target 25% of Annual expenditures 91 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Indiana River Rescue Fund Number 291 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 54,600 94,550 90,000 90,000 16,605 16,605 73,395 18% Interest Earnings 2,955 1,993 2,991 2,991 278 278 2,713 9% Donations - - - - - - - - Other Income - 1,300 - - - - - - Total Revenue 57,555 97,843 92,991 92,991 16,883 16,883 76,108 18% Expenditures by Type Supplies 16,731 32,702 24,000 26,475 24,662 10,781 35,443 (8,968) 134% Services & Charges Professional Services - - - Printing & Advertising - - 1,300 1,300 - - - 1,300 0% Education & Training 425 13,608 9,000 9,000 - 2,839 2,839 6,161 32% Travel 2,524 1,483 15,000 15,000 - - - 15,000 0% Repairs & Maintenance - 4,210 43,000 47,584 4,584 - 4,584 43,000 10% Other Services & Charges - 1,133 - - - - - - - Total Services & Charges 2,949 20,433 68,300 72,884 4,584 2,839 7,423 65,461 10% Capital - - - - - - - - - Total Expenditures 19,679 53,135 92,300 99,359 29,246 13,620 42,866 56,493 43% Net Surplus / (Deficit) 37,876 44,708 691 (6,368) (12,363) (25,984) Beginning Cash Balance 293,325 330,404 360,311 Cash Adjustments (797) (14,800) - Ending Cash Balance 330,404 360,311 353,943 353,221 Cash Reserves Target 4,920 13,284 24,840 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund is used to account for the revenue from tuition fees for students attending the Indiana River Rescue School (IRRS) and the expenditures of that revenue. There are typically 2-4 schools a year, each a week in duration. The IRRS is administered by the South Bend Fire Department under the direction of the Special Operations Bureau. The majority of instructors are comprised of South Bend Firefighters and Conservation Officers from the IDNR. The 5 day school includes extensive field training on the St. Joseph River and its unique "L" shaped dam, and the East Race Waterway. The East Race Waterway is a 2000' run which winds through the heart of the city. It allows for realistic but controlled training in river rescue, what is now formally known as the premier training ground for "Swiftwater rescue." Class lectures will provide a background in theory and concepts that enables students to go directly to the water. Students become familiar with such equipment as inflatable boats, outboards, rescue ropes, rope rescue systems & necessary personal gear. Many of the teaching sites have actual accident histories. This fund collects tuition fees for students attending the Indiana River Rescue School. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the maintenance and repair of rescue equipment and the wages for the instructors. No major expenditures are planned. Cash Reserves Target 25% of Annual expenditures 92 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Grants Fund Number 292 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - Total Revenue - - - - - - - - Expenditures by Type Interfund Transfers Out - - 26,716 26,716 26,716 - 26,716 1 100% Total Expenditures - - 26,716 26,716 26,716 - 26,716 1 100% Net Surplus / (Deficit)- - (26,716) (26,716) (26,716) (26,716) Beginning Cash Balance 26,716 26,716 26,716 Cash Adjustments - - - Ending Cash Balance 26,716 26,716 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the revenue and expenditures related to specific federal grants for the Police Department. Historically, this fund received grant revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Federal grant revenue and expenditures for the Police Department will be tracked in Fund #220 going forward. Cash Reserves Target No reserve requirement 93 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Regional Police Academy Fund Number 294 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 9,350 19,625 - - - - - - Interest Earnings 1,106 819 - - 83 83 (83) - Total Revenue 10,456 20,444 - - 83 83 (83) - Expenditures by Type Supplies 214 - - - - - - - - Services & Charges Other Services & Charges 2,943 100 - - - - - - - Total Services & Charges 2,943 100 - - - - - - - Interfund Transfers Out - - 175,000 175,000 146,411 - 146,411 28,589 84% Total Expenditures 3,157 100 175,000 175,000 146,411 - 146,411 28,589 84% Net Surplus / (Deficit) 7,299 20,344 (175,000) (175,000) (146,328) (146,328) Beginning Cash Balance 118,481 125,984 146,328 Cash Adjustments 203 - 28,672 Ending Cash Balance 125,984 146,328 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7104-82) to account for revenues and expenditures related to the advancement of present and future police officers and funds the cost of course material and instructors at the South Bend Police Academy. This fund received revenue from the enforcement courses offered to other police departments who pay a fee to attend the training. Expenditures were for seminars, travel, lectures, and career days. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement 94 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name COPS MORE Grant Fund Number 295 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 180,998 103,213 - - - - - - Fines, Forfeitures, and Fees 6,919 7,312 - - - - - - Interest Earnings 594 432 - - 30 30 (30) - Other Income 260 120 - - - - - - Total Revenue 188,771 111,077 - - 30 30 (30) - Expenditures by Type Supplies 86,905 16,331 - - - - - - - Services & Charges Other Services & Charges 12,317 6,214 - - - - - - - Total Services & Charges 12,317 6,214 - - - - - - - Capital 185,805 116,658 - 20,808 - 20,808 20,808 - 100% Interfund Transfers Out - - 125,000 125,000 24,566 - 24,566 100,434 20% Total Expenditures 285,026 139,203 125,000 145,808 24,566 20,808 45,375 100,434 31% Net Surplus / (Deficit) (96,255) (28,126) (125,000) (145,808) (24,536) (45,345) Beginning Cash Balance 169,439 73,474 45,349 Cash Adjustments 290 - 100,459 Ending Cash Balance 73,474 45,349 - 20,813 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was originally established (7015-82) to track the Community Oriented Police Program but has been expanded to track other federal grants related to the Police Department. In recent years, this fund has also been used to track donations and their associated expenditures. This fund received revenue from various Federal and State Grants. The Community-Oriented Policing Services (COPS) Office of the Department of Justice offers grants through the Making Officer Redeployment Effective (MORE) program. This fund also received revenue from impound towing fees. Expenditures included grant related activities and grant funded purchases. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement 95 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Federal Drug Enforcement Fund Number 299 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues - 57,919 25,000 25,000 - - 25,000 0% Interest Earnings 723 192 697 697 18 18 679 3% Interfund Transfers In - - - 19,000 19,000 19,000 - 100% Total Revenue 723 58,110 25,697 44,697 19,018 19,018 25,679 43% Expenditures by Type Supplies - - 6,000 6,000 - - - 6,000 0% Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital 31,000 - 22,500 22,500 - - - 22,500 0% Interfund Transfers Out - 81,148 - - - - - - - Total Expenditures 31,000 81,148 28,500 28,500 - - - 28,500 0% Net Surplus / (Deficit)(30,277) (23,037) (2,803) 16,197 19,018 19,018 Beginning Cash Balance 113,552 83,275 60,237 Cash Adjustments - - - Ending Cash Balance 83,275 60,237 76,434 79,256 Cash Reserves Target 7,750 20,287 7,125 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to receive the Police Department's share of money acquired in Federal drug enforcement activity. Expenditures are to be used to fund drug enforcement and training. This fund's revenue stream is not a steady flow. It is dependent upon the processing and release of funds from the Fed for seized assets in drug activities. This fund also receives revenue from interest earned on the fund's cash balance. Budgeted expenditures are for replacement of police cars and for supplies related to drug enforcement and training. Cash Reserves Target 25% of Annual expenditures 96 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2018 Fire Station #9 Bond Debt Service Fund Number 350 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Transfers In 341,231 345,306 344,157 344,157 172,866 172,866 171,291 50% Total Revenue 341,231 345,306 344,157 344,157 172,866 172,866 171,291 50% Expenditures by Type Services & Charges Debt Service Principal 195,000 205,000 210,000 210,000 105,000 - 105,000 105,000 50% Debt Service Interest & Fees 146,231 140,306 134,157 134,157 67,866 - 67,866 66,291 51% Total Services & Charges 341,231 345,306 344,157 344,157 172,866 - 172,866 171,291 50% Total Expenditures 341,231 345,306 344,157 344,157 172,866 - 172,866 171,291 50% Net Surplus / (Deficit) - - - - - - Beginning Cash Balance - - - Cash Adjustments - - - Ending Cash Balance - - - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10590-18) to pay for the semi-annual payment of debt service principal and interest to the bondholders for the General Obligation Bonds, Series 2018 (debt schedule #168). The bonds were issued to fund the replacement of Fire Station #9 and addition of a classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. The par amount of the General Obligation Bonds, Series 2018 was $5,045,000 with a premium of $37,316. The bonds were closed on March 29, 2018 with a net interest rate of 3.065%. The capital expenditures of this bond are tracked in the 2018 Fire Station #9 Bond Capital Fund (#451). This fund receives interfund transfers from the Fire Department Capital Fund (#287) in the amount of the debt service payments. Debt service payments are due on January 15 and July 15. The final bond payment is due January 15, 2038. Cash Reserves Target No reserve requirement 97 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2018 Fire Station #9 Bond Capital Fund Number 451 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,981 1,857 - - 243 243 (243) - Total Revenue 2,981 1,857 - - 243 243 (243) - Expenditures by Type Capital 89,311 - - - - - - - - Total Expenditures 89,311 - - - - - - - - Net Surplus / (Deficit)(86,330) 1,857 - - 243 243 Beginning Cash Balance 399,877 314,233 316,090 Cash Adjustments 686 - - Ending Cash Balance 314,233 316,090 316,090 316,333 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the expenditures of the proceeds from the General Obligation Bonds, Series 2018. The bonds were issued to fund the replacement of Fire Station #9 and addition of a classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. Payment of debt service principal and interest to the bondholders is recorded in the 2018 Fire Station #9 Bond Debt Service Fund (#350). Bond issuance costs were recorded in this fund per Ordinance 10576-18 section VII-(a). The par amount of the General Obligation Bonds, Series 2018 was $5,045,000 with a premium of $37,316. The bonds were closed on March 29, 2018 with a net interest rate of 3.065%. The net proceeds after bond issuance costs were $4,864,008. This amount was deposited into this fund to be used towards the approved capital projects. Construction of Fire Station 9 was completed in 2019. The new station was constructed at the corner of Mishawaka Avenue and 21st Street and will house Engine 9, Medic 9, Boat 2, and accommodate up to seven assigned firefighters per day. The remaining bond capital proceeds will be used to construct an additional classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. It will be an approximately 3,000 square foot building and will house a rugged, divisible classroom with the capacity for 100 personnel and additional training props and storage areas. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero 98 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Fire Pension Fund Number 701 Fund Type Pension Trust Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 4,323,533 4,101,279 4,521,259 4,521,259 - - 4,521,259 0% Interest Earnings 2,205 1,809 11 11 255 255 (244) 2314% Other Income - - - - 3,922 3,922 (3,922) - Total Revenue 4,325,739 4,103,087 4,521,270 4,521,270 4,177 4,177 4,517,093 0% Expenditures by Type Personnel Salaries & Wages 4,205,078 4,131,672 4,576,038 4,576,038 687,134 - 687,134 3,888,904 15% Total Personnel 4,205,078 4,131,672 4,576,038 4,576,038 687,134 - 687,134 3,888,904 15% Supplies - - 100 100 - - - 100 0% Services & Charges Professional Services 3,500 3,500 6,000 6,000 - 3,500 3,500 2,500 58% Travel - - 350 350 - - - 350 0% Other Services & Charges 679 1,296 1,400 1,400 134 - 134 1,266 10% Total Services & Charges 4,179 4,796 7,750 7,750 134 3,500 3,634 4,116 47% Total Expenditures 4,209,256 4,136,468 4,583,888 4,583,888 687,267 3,500 690,767 3,893,120 15% Net Surplus / (Deficit) 116,482 (33,381) (62,618) (62,618) (683,091) (686,591) Beginning Cash Balance 336,501 453,561 420,180 Cash Adjustments 577 - - Ending Cash Balance 453,561 420,180 357,562 (262,780) Cash Reserves Target 420,926 413,647 458,389 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the 1925 & 1937 pension plans for retired South Bend firefighters and receives reimbursement from the State of Indiana. "Pension relief" payments from the Indiana Public Retirement System (INPRS) are an actuarial estimate of the current budget year's payments and an adjustment of the prior budget year's estimate to the actual payments made during the prior year, including certain administrative costs. Payments are typically received in June and September. This fund can have a negative cash balance when it is waiting to be reimbursed by the State. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the pension payments to retired firefighters or surviving spouses and for death benefits paid out. Retiree health insurance payments are not paid through this fund; this cost is not reimbursed by the state. Retiree health payments are paid through the regular Fire Department budget in the General Fund (#101). Cash Reserves Target 10% of Annual expenditures 99 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police Pension Fund Number 702 Fund Type Pension Trust Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 6,048,813 5,950,693 6,057,740 6,057,740 - - 6,057,740 0% Interest Earnings 3,126 2,305 4,310 4,310 331 331 3,979 8% Other Income 6,284 4,119 2,000 2,000 1,527 1,527 473 76% Total Revenue 6,058,223 5,957,118 6,064,050 6,064,050 1,858 1,858 6,062,192 0% Expenditures by Type Personnel Salaries & Wages 6,186,554 5,958,435 6,049,340 6,049,340 1,009,578 - 1,009,578 5,039,762 17% Total Personnel 6,186,554 5,958,435 6,049,340 6,049,340 1,009,578 - 1,009,578 5,039,762 17% Supplies - - - - - - - - - Services & Charges Professional Services 3,500 3,500 6,500 6,500 - 3,500 3,500 3,000 54% Travel - - 500 500 - - - 500 0% Other Services & Charges 945 829 1,400 1,400 131 - 131 1,269 9% Total Services & Charges 4,445 4,329 8,400 8,400 131 3,500 3,631 4,769 43% Total Expenditures 6,190,998 5,962,764 6,057,740 6,057,740 1,009,709 3,500 1,013,209 5,044,531 17% Net Surplus / (Deficit)(132,776) (5,646) 6,310 6,310 (1,007,852) (1,011,352) Beginning Cash Balance 698,148 566,569 560,923 Cash Adjustments 1,197 - - Ending Cash Balance 566,569 560,923 567,233 (446,797) Cash Reserves Target 619,100 596,276 605,774 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the 1925 & 1937 pension plans for retired South Bend police officers and receives reimbursement from the State of Indiana. "Pension relief" payments from the Indiana Public Retirement System (INPRS) are an actuarial estimate of the current budget year's payments and an adjustment of the prior budget year's estimate to the actual payments made during the prior year, including certain administrative costs. Payments are typically received in June and September. This fund can have a negative cash balance when it is waiting to be reimbursed by the State. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the pension payments to retired police officers or surviving spouses and for death benefits paid out. Retiree health insurance payments are not paid through this fund; this cost is not reimbursed by the state. Retiree health payments are paid through the regular Police Department budget in the General Fund (#101). Cash Reserves Target 10% of Annual expenditures 100 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Police K-9 Unit Fund Number 705 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 21 14 - - 1 1 (1) - Donations - - - - - - - - Total Revenue 21 14 - - 1 1 (1) - Expenditures by Type Interfund Transfers Out - - 2,520 2,520 2,436 - 2,436 84 97% Total Expenditures - - 2,520 2,520 2,436 - 2,436 84 97% Net Surplus / (Deficit)21 14 (2,520) (2,520) (2,435) (2,435) Beginning Cash Balance 2,395 2,420 2,435 Cash Adjustments 4 - 85 Ending Cash Balance 2,420 2,435 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7945-88) to account for donations for the Police K-9 unit and track expenditures of those funds. This fund received donations for the Police K-9 unit. In recent years, there have been no donations. The donations are to be spent on supplies or services directly related to the Police K-9 unit. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement 101 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Parks & Recreation Fund Number 201 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 9,566,845 10,271,000 10,580,413 10,580,413 - - 10,580,413 0% Intergov./ Shared Revenues 904,581 911,437 953,848 953,848 - - 953,848 0% Intergov./ Grants 648,098 200,000 - - - - - - Licenses & Permits - 253 - - 25 25 (25) - Charges for Services 2,760,462 2,922,965 3,196,581 3,196,581 441,864 441,864 2,754,717 14% Fines, Forfeitures, and Fees - 12 - - - - - - Interest Earnings 7,167 20,758 50,000 50,000 4,365 4,365 45,635 9% Debt Proceeds - - 269,000 269,000 - - 269,000 0% Donations 1,061,421 912,899 1,000,000 1,000,000 479,829 479,829 520,171 48% Other Income 127,858 132,135 314,941 314,941 71,399 71,399 243,542 23% Interfund Transfers In 800,000 1,232,541 119,221 119,221 19,871 19,871 99,350 17% Total Revenue 15,876,432 16,604,000 16,484,004 16,484,004 1,017,354 1,017,354 15,466,651 6% Expenditures by Division Park Administration 1,499,024 1,528,718 1,137,939 1,138,336 176,007 5,263 181,270 957,066 16% Park Maintenance 6,962,316 6,987,490 7,542,027 8,037,456 1,164,924 348,640 1,513,563 6,523,892 19% Golf Courses 1,501,398 1,700,799 1,831,495 1,839,260 177,856 31,232 209,087 1,630,173 11% Recreational Experiences 2,773,309 2,683,314 2,444,112 2,470,739 468,733 32,490 501,222 1,969,517 20% Community Programming - - 1,604,980 1,611,638 36,822 4,540 41,362 1,570,276 3% Development & Promotions 882,516 911,174 921,648 969,442 157,368 26,036 183,405 786,037 19% Park Projects & Capital 1,041,871 460,817 300,000 1,696,920 87,806 346,347 434,153 1,262,768 26% Potawatomi Zoo 700,000 701,965 701,803 701,803 350,301 350,000 700,301 1,503 100% Total Expenditures 15,360,434 14,974,277 16,484,004 18,465,596 2,619,816 1,144,547 3,764,363 14,701,232 20% Expenditures by Type Personnel Salaries & Wages 6,015,996 5,799,795 6,516,670 6,516,670 821,341 - 821,341 5,695,329 13% Fringe Benefits 2,133,462 2,037,827 2,319,980 2,319,980 364,254 - 364,254 1,955,726 16% Total Personnel 8,149,458 7,837,623 8,836,650 8,836,650 1,185,595 - 1,185,595 7,651,055 13% Supplies 1,173,909 1,372,042 1,514,568 1,563,323 142,170 147,220 289,390 1,273,933 19% Services & Charges Professional Services 192,616 114,458 324,780 307,239 35,207 - 35,207 272,032 11% Printing & Advertising 102,375 155,635 258,800 287,314 65,949 32,341 98,289 189,025 34% Utilities 790,831 930,114 781,304 780,304 166,985 - 166,985 613,319 21% Repairs & Maintenance 515,084 636,277 584,034 643,629 96,287 78,503 174,790 468,839 27% Education & Training 11,167 15,827 25,425 22,625 4,508 2,075 6,583 16,042 29% Travel 3,355 5,123 33,400 35,250 406 3,293 3,698 31,552 10% Grants & Subsidies 715,000 715,000 715,000 715,000 365,000 350,000 715,000 - 100% Other Services & Charges 691,376 565,456 684,573 754,977 99,781 65,899 165,680 589,297 22% Debt Service Principal 504,636 452,898 291,946 291,946 53,977 - 53,977 237,969 18% Debt Service Interest & Fees 47,338 31,020 34,076 34,076 11,071 - 11,071 23,005 32% Total Services & Charges 3,573,777 3,621,808 3,733,338 3,872,360 899,171 532,110 1,431,282 2,441,080 37% Operating Expenditures 12,897,144 12,831,473 14,084,556 14,272,333 2,226,936 679,331 2,906,266 11,366,068 20% Capital 1,030,272 474,790 569,000 2,362,815 87,806 465,216 553,022 1,809,793 23% Interfund Interfund Allocations 1,421,220 1,668,015 1,830,448 1,830,448 305,075 - 305,075 1,525,373 17% Interfund Transfers Out 11,799 - - - - - - - - Total Interfund 1,433,019 1,668,015 1,830,448 1,830,448 305,075 - 305,075 1,525,373 17% Total Expenditures 15,360,434 14,974,277 16,484,004 18,465,596 2,619,816 1,144,547 3,764,363 14,701,234 20% Net Surplus / (Deficit) 515,998 1,629,723 - (1,981,592) (1,602,462) (2,747,009) Beginning Cash Balance 3,649,543 4,156,004 5,865,858 Cash Adjustments (9,538) 80,130 - Ending Cash Balance 4,156,004 5,865,858 3,884,266 4,316,596 Cash Reserves Target 3,840,108 3,743,569 4,616,399 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the operation of the Parks & Recreation side of the Department of Venues, Parks & Arts (VPA). Its purpose is to provide quality spaces, places, and experiences within the City. There are several operational divisions within the department: Administration, Maintenance, Golf Courses, Recreational Experiences, Community Programming, and Development & Promotions. This fund's main source of revenue is property taxes. This fund also receives auto excise and commercial vehicle excise tax (intergovernmental shared revenues). Additional revenue is derived from charges for services such as pavilion rental, golf course fees, concessions, and fees for camps, leagues, fitness centers, and special events. In 2019, this fund received a donation of $450,000 from the Pokagon Band of the Potawatomi. It will be received annually through 2023. The Regional Cities Grant of $5 million dollars was completed in 2020. In 2019, VPA received $1,000,000 from the Leighton Foundation. Interfund transfers from the Local Income Tax Certified Shares Fund (#404) help subsidize operations. Personnel - From 2021 to 2022, several personnel accounting changes will be made to better assign personnel costs to the divisions for which the employees serve (see the Personnel Summary for more details). | Accounting Changes - Prior to 2022, the Recreation Division's budget accounted for the activities of recreational experiences and community programming. In 2022, the activities of community programming will be split out into a separate division budget. Community programming includes the costs for running the City- owned community centers managed by VPA. The Recreation Division will be renamed Recreational Experiences and its budget will include the costs for operating the O'Brien Fitness Center, Howard Park, along with VPA's athletics and aquatics activities. | Capital - In 2019 and 2020, capital expenditures reflect the use of the Regional Cities, Leighton Foundation, and Pokagon Band funds for the Howard Park renovation project. The decrease in capital expenditures reflects the substantial completion of the Howard Park renovation project and the use of the noted grants and donations. Cash Reserves Target 25% of Annual expenditures 102 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Morris PAC / Palais Royale Marketing Fund Number 273 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 3,535 4,983 - - - - - - Interest Earnings 648 453 - - 43 43 (43) - Donations - 500 - - - - - - Total Revenue 4,183 5,936 - - 43 43 (43) - Expenditures by Type Services & Charges Printing & Advertising 832 7,648 - - - - - - - Total Services & Charges 832 7,648 - - - - - - - Interfund Transfers Out - - 100,000 100,000 74,852 - 74,852 25,148 75% Total Expenditures 832 7,648 100,000 100,000 74,852 - 74,852 25,148 75% Net Surplus / (Deficit) 3,351 (1,712) (100,000) (100,000) (74,809) (74,809) Beginning Cash Balance 73,045 76,521 74,809 Cash Adjustments 125 - 25,191 Ending Cash Balance 76,521 74,809 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9768-07) as a separate, non-reverting fund to receive monies from solicitation of funds for commercial promotion sponsorships such as commercial ads on ticket envelopes and Morris Marquee sponsorships; and to accept donations to the Morris Performing Arts Center and Palais Royale. All sums so collected and deposited in this fund are to be used for the sole purpose of assisting with continued promotions of and within both the Morris Performing Arts Center and Palais Royale. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The revenue and expenditures previously accounted for in this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602) and the remaining cash balance in this fund will be transferred to the new fund. Revenue for this fund was collected through donations and sponsorships. This fund also received revenue from interest earned on the fund's cash balance. Expenditures were for advertisements and promotional services. The City advertised on the local area digital billboards, but also secured sponsorships to help fund the advertising displayed on them. Cash Reserves Target No reserve requirement 103 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Morris PAC Self-Promotion Fund Number 274 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 37,554 37,223 - - - - - - Interest Earnings 1,818 1,355 - - 150 150 (150) - Total Revenue 39,372 38,578 - - 150 150 (150) - Expenditures by Type Services & Charges Printing & Advertising 1,100 - - - - - - - - Total Services & Charges 1,100 - - - - - - - - Interfund Transfers Out - - 410,000 410,000 264,160 - 264,160 145,840 64% Total Expenditures 1,100 - 410,000 410,000 264,160 - 264,160 145,840 64% Net Surplus / (Deficit) 38,272 38,578 (410,000) (410,000) (264,010) (264,010) Beginning Cash Balance 186,839 225,432 264,010 Cash Adjustments 320 - 145,990 Ending Cash Balance 225,432 264,010 - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10569-17) to account for the revenue and expenditures related to events and activities that the Morris Performing Arts Center self-promotes or self-sponsors. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The revenue and expenditures previously accounted for in this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602) and the remaining cash balance in this fund will be transferred to the new fund. This fund received revenue from a ticket surcharge. The ticket surcharge fee is $3.50 per ticket sold: $1.50 deposited into the General Fund (#101), $1.00 deposited into Morris PAC Self-Promotion Fund (#274), and $1.00 deposited into Morris PAC Capital Fund (#416). This fund also received revenue from interest earned on the fund's cash balance. Expenditures were for marketing and advertising for the Morris Performing Arts Center. Cash Reserves Target No reserve requirement 104 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2017 Parks Bond Debt Service Fund Number 312 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 1,087,915 1,116,956 1,100,842 1,100,842 - - 1,100,842 0% Intergov./ Shared Revenues 63,774 68,319 48,786 48,786 - - 48,786 0% Interest Earnings (244) 500 1,176 1,176 105 105 1,071 9% Total Revenue 1,151,444 1,185,775 1,150,804 1,150,804 105 105 1,150,699 0% Expenditures by Type Services & Charges Debt Service Principal 785,000 825,000 830,000 830,000 400,000 - 400,000 430,000 48% Debt Service Interest & Fees 387,965 364,190 339,368 339,368 172,683 - 172,683 166,686 51% Total Services & Charges 1,172,965 1,189,190 1,169,368 1,169,368 572,683 - 572,683 596,686 49% Total Expenditures 1,172,965 1,189,190 1,169,368 1,169,368 572,683 - 572,683 596,686 49% Net Surplus / (Deficit) (21,521) (3,415) (18,564) (18,564) (572,578) (572,578) Beginning Cash Balance 208,740 187,578 184,163 Cash Adjustments 358 - - Ending Cash Balance 187,578 184,163 165,599 (388,415) Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10580-18) to collect a separate property tax levy that is used to pay for the semi-annual payment of debt service principal and interest to the bondholders of the 2017 Park District Bonds, Series A-K (debt schedule #165). The par amount of the 2017 Park District Bonds, Series A-K was $14,075,000. The bonds were closed on December 20, 2017 and have a net interest rate of 3.056%. The net proceeds after bond issuance costs were $13,715,350. This amount was deposited into the 2017 Parks Bond Capital Fund (#471) to be used towards the approved capital projects. This fund receives property tax revenue (distributions received in June and December) from a levy that was previously collected in Fund #313 for the College Football Hall of Fame debt service (final payment February 1, 2018). This fund also receives a small portion of auto excise and commercial vehicle excise tax. The bonds are to be repaid over 15 with with debt service payments due on January 15 and July 15 and the final payment due January 15, 2033. Property taxes are assumed to come in to cover the debt service payments through the life of the bond. Capital expenditures related to this bond are tracked in the 2017 Parks Bond Capital Fund (#471). Cash Reserves Target No reserve requirement 105 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Coveleski Stadium Capital Fund Number 401 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - 25,000 25,000 - - 25,000 0% Interest Earnings 144 58 109 109 1 1 108 1% Total Revenue 144 58 25,109 25,109 1 1 25,108 0% Expenditures by Type Services & Charges Repairs & Maintenance 15,099 10,183 25,000 25,715 6,962 715 7,677 18,038 30% Total Services & Charges 15,099 10,183 25,000 25,715 6,962 715 7,677 18,038 30% Capital - - - - - - - - - Total Expenditures 15,099 10,183 25,000 25,715 6,962 715 7,677 18,038 30% Net Surplus / (Deficit) (14,955) (10,125) 109 (606) (6,961) (7,676) Beginning Cash Balance 25,850 11,685 814 Cash Adjustments 790 (746) - Ending Cash Balance 11,685 814 208 815 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7492-85) to account for minor capital improvements for Four Winds Field at Coveleski Stadium, located in downtown South Bend. The fund is administered by the Department of Venues, Parks & Arts. Revenues are in the form of compensation received by the City based on stadium attendance. Planned expenditures are for painting, landscaping, and mechanical upgrades. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 106 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Professional Sports Convention Development Area Fund Number 413 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues - 775,414 1,500,000 1,500,000 490,038 490,038 1,009,962 33% Interest Earnings - 218 - - 650 650 (650) - Total Revenue - 775,632 1,500,000 1,500,000 490,688 490,688 1,009,312 33% Expenditures by Type Capital - - 1,500,000 2,304,900 664,810 369,940 1,034,750 1,270,150 45% Total Expenditures - - 1,500,000 2,304,900 664,810 369,940 1,034,750 1,270,150 45% Net Surplus / (Deficit)- 775,632 - (804,900) (174,122) (544,062) Beginning Cash Balance - - 775,632 Cash Adjustments - - - Ending Cash Balance - 775,632 (29,268) 611,320 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established in 2021 (Resolution 4917-21) to account for the reinstatement of the Professional Sports Convention Development Area (PSCDA) in downtown South Bend. The PSCDA was originally established in 1997 (Resolution 2519-97) to fund debt service and improvements at the College Football Hall of Fame. The City received PSCDA tax revenue for the original area from January 1998 through December 2017. The original PSCDA included the College Football Hall of Fame, Century Center, Four Winds Field at Stanley Coveleski Stadium, Morris Performing Arts Center, Palais Royale Ballroom, and the Studebaker National Museum. The revised PSCDA expanded the tax area, adding the Aloft Hotel, the Courtyard by Marriott South Bend, Downtown, the Doubletree Hotel, Howard Park including its Community Center and the Howard Park Public House, and the campus of Indiana University South Bend. The Indiana Department of Revenue collects a portion of state sales tax and income taxes (covered taxes) generated in the professional sports convention development area (PSCDA). The taxes are remitted on a monthly basis to St. Joseph County which remits it to the City of South Bend. The maximum amount of covered taxes that may be captured in the PSCDA is $2 million per year per IC 36-7-31.8-10(e). The allocation provisions shall expire July 1, 2041. Because this is a new source of tax revenue, the City is budgeting conservatively at $1.5 million per year. The PSCDA tax revenue shall be used for capital improvements or financing of capital improvements for any facility that is owned by the City and is used as one of the following: a professional sports franchise for practice or competitive sporting events, a facility used principally for convention or tourism related events, a museum, a facility used for public attractions of national significance, a performing arts venue (IC 36-7-31.38-8 (a)(2)). Initially, the City plans to use the PSCDA to fund capital improvements at Four Winds Field at Coveleski Stadium in downtown South Bend, a baseball stadium for the South Bend Cubs minor league baseball team. 107 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Morris Performing Arts Center Capital Fund Number 416 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues - - 500,000 500,000 - - 500,000 0% Charges for Services 37,554 37,223 85,000 - - - - - Interest Earnings 3,981 1,057 6,811 6,811 1,471 1,471 5,340 22% Interfund Transfers In 175,579 1,800,000 - - - - - - Total Revenue 217,114 1,838,280 591,811 506,811 1,471 1,471 505,340 0% Expenditures by Type Supplies - 14,811 25,000 25,000 - - - 25,000 0% Services & Charges Professional Services - - - 34,910 10,295 19,705 30,000 4,910 86% Printing & Advertising - 90 - - - - - - - Repairs & Maintenance 90,471 - 25,000 25,000 - - - 25,000 0% Total Services & Charges 90,471 90 25,000 59,910 10,295 19,705 30,000 29,910 50% Capital 346,394 113,550 - 8,031,800 6,735 6,833,670 6,840,405 1,191,395 85% Total Expenditures 436,865 128,451 50,000 8,116,710 17,030 6,853,375 6,870,405 1,246,305 85% Net Surplus / (Deficit) (219,751) 1,709,829 541,811 (7,609,899) (15,559) (6,868,934) Beginning Cash Balance 422,125 203,098 1,912,926 Cash Adjustments 724 - - Ending Cash Balance 203,098 1,912,926 (5,696,973) 1,897,367 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7292-84) to receive monies to be used solely for the purpose of renovating, remodeling, or otherwise improving the facilities of the Morris Performing Arts Center (MPAC). Starting in 2022, this fund will begin receiving 0.5% of Hotel/Motel tax, estimated to be about $500,000 per year, remitted to the City by St. Joseph County. In 2022, the City will issue revenue bonds (backed by the Hotel/Motel tax revenue) to fund capital improvements to the Morris. Prior to 2022, this fund received revenue from a ticket surcharge fee of $1.00 per ticket sold at the Morris Performing Arts Center for qualified events (ordinance 9094-00). In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The ticket surcharge revenue previously deposited into this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). This fund also receives revenue from interest earned on the fund's cash balance. In 2020, $175,579 was transferred from the General Fund (#101) to help fund the Morris ceiling repair. The Morris Performing Arts Center was re-opened in 2000 - Many of the assets throughout the building are coming to an end of their useful life and need replacement. The theatrical equipment is outdated and needs to be upgraded to meet the requirements of the performances / acts renting the facility. The Morris is getting ready to celebrate its 100 year anniversary in 2022 and is planning for major renovations. Donations will be raised by the Venues, Parks & Arts Foundation. Additionally, the City is considering issuing debt to help fund the capital improvements. The repayment of the debt would be funded by the Hotel/Motel tax revenue received in this fund. Cash Reserves Target No reserve requirement 108 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Palais Royale Historic Preservation Fund Number 450 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 6,477 12,078 8,000 8,000 1,234 1,234 6,766 15% Interest Earnings 617 493 247 247 72 72 175 29% Total Revenue 7,094 12,571 8,247 8,247 1,307 1,307 6,941 16% Expenditures by Type Services & Charges Repairs & Maintenance 34,160 - 35,000 35,000 - - - 35,000 0% Total Services & Charges 34,160 - 35,000 35,000 - - - 35,000 0% Capital - - - - - - - - - Total Expenditures 34,160 - 35,000 35,000 - - - 35,000 0% Net Surplus / (Deficit)(27,066) 12,571 (26,753) (26,753) 1,307 1,307 Beginning Cash Balance 107,792 80,911 93,481 Cash Adjustments 185 - - Ending Cash Balance 80,911 93,481 66,728 94,788 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9706-06) for the sole purpose of assisting with the continued historic preservation, maintenance and repair of the Palais Royale building and related facilities. This fund receives a 2% percent historic preservation charge assessed on all services provided in connection with the use and rental of Palais Royale facilities from functions held at the Palais (excluding fund raising events presented by not-for-profits). This fund also receives revenue from interest earned on the fund's cash balance. Repairs/improvements needed include wall repairs (interior and exterior), including painting, light fixtures, etc. Cash Reserves Target No reserve requirement 109 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2017 Parks Bond Capital Fund Number 471 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 72,162 31,461 - 4,801 3,280 3,280 1,521 68% Total Revenue 72,162 31,461 - 4,801 3,280 3,280 1,521 68% Expenditures by Series Supported by Interest Earned - - - 500,000 - - - 500,000 0% Series A - Howard Park 73,054 - - - - - - - - Series B - St. Louis Street 6,643 - - 27,752 1,600 10,400 12,000 15,752 43% Series C - Colfax-Seitz - 821,301 - 191,031 109,892 77,206 187,099 3,932 98% Series D - Howard-Farmers 1,071,889 104,566 - 3,500 - - - 3,500 0% Series E - Miami-Twyckenham 685,828 97,564 - 33,483 - - - 33,483 0% Series F - Seitz Park - - - 1,088,451 - 1,085,400 1,085,400 3,051 100% Series G - East Race 22,320 2,230 - 1,277,354 - 1,277,354 1,277,354 - 100% Series H - Pinhook Park 454,571 471,842 - 81,227 - - - 81,227 0% Series I - Other Park Improv.109,488 66,543 - 110,358 - 1,074 1,074 109,284 1% Series J - Pinhook Connect 755,805 127,248 - 41,811 - - - 41,811 0% Series K - Future Projects 47,423 3,917 - 909,560 - - - 909,560 0% Total Expenditures 3,227,021 1,695,211 - 4,264,527 111,492 2,451,434 2,562,927 1,701,600 60% Expenditures by Type Services & Charges Professional Services - - - 6,464 - - - 6,464 0% Total Services & Charges - - - 6,464 - - - 6,464 0% Capital 3,227,021 1,695,211 - 4,258,063 111,492 2,451,434 2,562,927 1,695,136 60% Total Expenditures 3,227,021 1,695,211 - 4,264,527 111,492 2,451,434 2,562,927 1,701,600 60% Net Surplus / (Deficit)(3,154,859) (1,663,750) - (4,259,726) (108,212) (2,559,646) Beginning Cash Balance 9,062,798 5,926,118 4,259,726 Cash Adjustments 18,179 (2,642) - Ending Cash Balance 5,926,118 4,259,726 - 4,153,114 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund was established per the bond agreement in order to track the capital expenditures of the 2017 Park District Bonds, Series A-K. The bonds were issued to fund certain improvements in connection with the MY SB Parks & Trails initiative. The bonds will be repaid over a period of 15 years with the first debt service payment due on July 15, 2018 and the final payment due on January 15, 2033. Debt service payments are tracked in the 2017 Parks Bond Debt Service Fund (#312). The par amount of the bonds was $14,075,000. The bond closing date was December 20, 2017. Net proceeds after bond issuance costs were deposited into this fund in the amount of $13,856,100. This fund also receives revenue from interest earned on the fund's cash balance. These are the various projects: Series A - Howard Park riverfront promenade, storm water habitat area | Series B - St. Louis Street parking and street upgrades (Howard Park) | Series C - Riverfront trail upgrades - Colfax to Seitz Park | Series D - Riverfront trail upgrades - Howard Park to Farmer's Market | Series E - Riverfront trail upgrades - Miami to Twyckenham | Series F - Riverfront trail upgrades - Seitz Park to Howard Park, Seitz Park parking | Series G - Seitz Park - AM General parking and plaza area, East Race promenade and bridge | Series H - Pinhook Park pavilion upgrade, reconnect river flow to lagoon, playground and site improvements | Series I - Other Park Improvements - Park security, lighting, and storage - Restrooms modernization & ADA compliance | Series J - Pinhook Park neighborhood connectivity | Series K - Future Projects - park acquisitions, partnerships, and build-outs 110 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Parking Garages Fund Number 601 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 844,835 905,346 913,300 913,300 140,442 140,442 772,858 15% Fines, Forfeitures, and Fees 38,862 45,810 50,000 50,000 3,630 3,630 46,370 7% Interest Earnings 8,089 4,803 2,495 2,495 702 702 1,793 28% Other Income 2,468 71 - - - - - - Total Revenue 894,253 956,029 965,795 965,795 144,775 144,775 821,021 15% Expenditures by Subdivisions Parking Enforcement 71,212 3,992 738 738 123 - 123 615 17% Parking General Operations 40,118 435,881 527,193 577,121 95,326 8,038 103,364 473,757 18% Main Street Garage 638,343 109,357 213,469 310,157 53,538 97,839 151,377 158,780 49% Leighton Plaza Garage 478,042 108,032 202,274 272,322 54,118 93,292 147,410 124,912 54% Wayne Street Garage 307,837 67,306 148,444 253,157 50,831 103,139 153,970 99,186 61% Eddy St Commons Garage 10,511 - - - - - - - - Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 253,936 302,308 556,244 857,250 39% Expenditures by Type Personnel Other Personnel Costs - 172,990 295,100 295,100 31,841 - 31,841 263,259 89% Total Personnel - 172,990 295,100 295,100 31,841 - 31,841 263,259 89% Supplies - 21,389 30,000 31,699 2,576 2,622 5,197 26,502 16% Services & Charges Professional Services 490,335 164,606 104,900 116,114 7,267 6,339 13,606 102,508 12% Utilities 100,720 101,784 131,000 131,000 20,839 - 20,839 110,161 16% Repairs & Maintenance 237,452 63,496 156,000 176,820 7,637 15,874 23,511 153,309 13% Other Services & Charges 17,088 24,317 22,200 22,200 1,345 - 1,345 20,855 6% Total Services & Charges 845,594 354,203 414,100 446,134 37,087 22,213 59,300 386,833 13% Operating Expenditures 845,594 548,582 739,200 772,933 71,504 24,834 96,339 676,594 12% Capital 576,152 14,248 190,000 477,644 155,279 277,474 432,753 44,892 91% Interfund Allocations 124,317 161,738 162,918 162,918 27,153 - 27,153 135,765 17% Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 253,936 302,308 556,244 857,251 39% Net Surplus / (Deficit)(651,810) 231,462 (126,323) (447,700) (109,162) (411,470) Beginning Cash Balance 1,326,253 674,268 907,380 Cash Adjustments (175) 1,650 - Ending Cash Balance 674,268 907,380 459,680 916,482 Cash Reserves Target 386,516 181,142 353,374 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund was established (ordinance 5089-69) to account for the maintenance and operation of off-street parking facilities. This fund accounts for the revenues and expenditures from the various parking garages owned by the City of South Bend. There are currently 1,484 stalls. This fund receives revenue from the collection of daily and monthly parking fees at several downtown parking garages. Revenue dropped in 2020 due to the COVID-19 pandemic and less monthly parkers as people worked from home. This fund also receives revenue from street parking fines. Effective January 2017, the Common Council approved an increase in parking garage rates and parking enforcement fines. It was the first increase in 13 years. Starting in 2021, parking garage operations are under outside contract with ASM Global. Wages and benefits for parking garage employees and supplies for the garages will be paid for by the City directly rather than through a management fee. | Personnel - Includes the wages and benefits for parking garage employees who are hired and managed by ASM Global. | Supplies - Includes building R&M supplies, uniforms, small tools & equipment, cleaning supplies, and office supplies. | Services - The professional services budget is for the management contract with ASM. The utilities budget includes the cost of electric and water for the parking garages. Other services & charges includes elevator permits and credit card processing fees. | Capital - There are many capital improvement needs. The forecast shows a smaller capital budget than in prior years due to revenue remaining fairly flat. | Interfund Allocation - This fund reimburses the Morris Performing Arts Center Division (Fund #602) for 100% of costs of wages and benefits for the Manager-Facility Operations position. 111 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Morris Performing Arts Center Operations Fund Number 602 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - 987,000 987,000 46,696 46,696 940,304 5% Interest Earnings - - 4,657 4,657 176 176 4,481 4% Other Income - - 12,500 12,500 6,057 6,057 6,443 48% Interfund Allocation Reimb - - 89,450 89,450 14,908 14,908 74,542 17% Interfund Transfers In - - 1,110,000 1,110,000 939,012 939,012 170,988 85% Total Revenue - - 2,203,607 2,203,607 1,006,849 1,006,849 1,196,758 46% Expenditures by Subdivisions Morris Performing Arts Center - - 1,613,579 1,613,579 193,647 16,859 210,506 1,403,073 13% Events Promotion - - 70,000 70,000 - - - 70,000 0% Total Expenditures - - 1,683,579 1,683,579 193,647 16,859 210,506 1,473,073 13% Expenditures by Type Personnel Salaries & Wages - - 500,702 500,702 75,900 - 75,900 424,802 15% Fringe Benefits - - 228,225 228,225 36,262 - 36,262 191,963 16% Total Personnel - - 728,927 728,927 112,163 - 112,163 616,765 15% Supplies - - 25,000 25,000 6,814 649 7,463 17,537 30% Services & Charges Professional Services - - 200,000 200,500 84 - 84 200,416 0% Printing & Advertising - - 200,000 200,000 1,963 5,737 7,699 192,301 4% Utilities - - 139,100 139,100 21,320 - 21,320 117,780 15% Repairs & Maintenance - - 98,500 96,500 1,600 3,485 5,085 91,415 5% Education & Training - - 4,500 4,500 614 997 1,611 2,889 36% Travel - - 4,500 6,000 1,678 1,191 2,869 3,131 48% Other Services & Charges - - 20,350 20,350 3,627 4,800 8,427 11,923 41% Total Services & Charges - - 666,950 666,950 30,886 16,210 47,096 619,855 7% Operating Expenditures - - 1,420,877 1,420,877 149,863 16,859 166,722 1,254,157 12% Interfund Interfund Allocations - - 262,702 262,702 43,784 - 43,784 218,918 17% Total Interfund - - 262,702 262,702 43,784 - 43,784 218,918 17% Total Expenditures - - 1,683,579 1,683,579 193,647 16,859 210,506 1,473,075 13% Net Surplus / (Deficit)- - 520,028 520,028 813,202 796,343 Beginning Cash Balance - - - Cash Adjustments - - - Ending Cash Balance - - 520,028 815,657 Cash Reserves Target - - 168,358 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 10% of Annual expenditures In 2022, the operations of the Morris Performing Arts Center will be moved from the General Fund (#101) into this newly created enterprise fund. This fund will account for the operating costs of the Morris Performing Arts Center in downtown South Bend, the premier performing arts center in this region of the country. It provides improved quality of life to the City's residents, serves as an economic catalyst in the City, and fosters historic preservation of landmark City venues. The Morris Performing Arts Center (Morris PAC) is a division under the Department of Venues, Parks & Arts. This Morris receives revenue from charges for services including facility rental, concessions, ticket handling fees, and more. This fund also receives revenue from a ticket surcharge fee of $3.50 per ticket sold. Prior to 2022, the ticket surcharge fee was split across three funds: $1.50 was deposited into the General Fund (#101), $1.00 was deposited into the Morris Self- Promotion Fund (#274), and $1.00 was deposited into the Morris Capital Fund (#416). The Morris receives an Interfund Allocation Reimbursement from the Parking Garage Fund (#601) f 100% f f d b fi f h M F ili O i Personnel - The personnel budget includes the wages and benefits for nine (9) full-time employees, and $24k for part-time wages. | Supplies - The supplies budget includes uniforms, cleaning supplies, repair & maintenance materials, small tools & equipment, and office supplies. | Services - The repair & maintenance budget includes HVAC and elevator maintenance, along with other general building maintenance expenses. The utilities budget includes the costs of electric, natural gas, and water for the Morris. The printing & advertising budget is for the promotion of events at the Morris. Professional services and printing & advertising are budgeted higher in 2022 than usual as the Morris is getting ready to celebrate its 100 year anniversary in 2022. | Capital - The Morris Performing Arts Center's capital needs are accounted for in the Morris Capital Fund (#416). 112 City of South Bend, Indiana Monthly Financial Report February 28, 2022 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Historical Revenue by Fund General Fund (#101)419,160 1,736,453 - - 54,878 54,878 (54,878) - Morris Marketing (#273)4,183 5,936 - - 43 43 (43) - Morris Self-Promotion (#274)39,372 38,578 - - 150 150 (150) - Morris Operations Fund (#602)- - 2,203,607 2,203,607 1,006,849 1,006,849 1,196,758 46% Total Revenue 462,715 1,780,967 2,203,607 2,203,607 1,061,920 1,061,920 1,141,687 48% Revenue Intergov./ Grants - 992,163 - - - - - - Charges for Services 358,834 696,886 987,000 987,000 46,696 46,696 940,304 5% Interest Earnings 2,466 1,808 4,657 4,657 369 369 4,288 8% Donations - 500 - - - - - - Other Income 5,930 2,864 12,500 12,500 60,935 60,935 (48,435) 487% Interfund Allocation Reimb 40,118 86,746 89,450 89,450 14,908 14,908 74,542 17% Interfund Transfers In 55,367 - 1,110,000 1,110,000 939,012 939,012 170,988 85% Total Revenue 462,715 1,780,967 2,203,607 2,203,607 1,061,920 1,061,920 1,141,687 48% Expenditures by Fund General Fund (#101)1,003,966 1,106,303 600,000 656,962 612,848 44,114 656,962 - 100% Morris Marketing (#273)832 7,648 100,000 100,000 74,852 - 74,852 25,148 75% Morris Self-Promotion (#274)1,100 - 410,000 410,000 264,160 - 264,160 145,840 64% Morris Operations Fund (#602)- - 1,683,579 1,683,579 193,647 16,859 210,506 1,473,073 13% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,145,507 60,973 1,206,480 1,644,061 42% Expenditures by Type Personnel Salaries & Wages 285,767 430,859 500,702 500,702 75,900 - 75,900 424,802 15% Fringe Benefits 131,601 200,379 228,225 228,225 36,262 - 36,262 191,963 16% Total Personnel 417,368 631,239 728,927 728,927 112,163 - 112,163 616,764 15% Supplies 22,110 29,271 25,000 33,435 6,814 9,084 15,898 17,537 48% Services & Charges Professional Services 2,518 1,650 200,000 204,944 84 4,444 4,528 200,416 2% Printing & Advertising 17,634 21,798 200,000 223,775 7,922 23,552 31,474 192,301 14% Utilities 112,645 110,532 139,100 139,100 21,320 - 21,320 117,780 15% Repairs & Maintenance 34,268 61,776 98,500 106,023 6,740 7,868 14,608 91,415 14% Education & Training - 3,224 4,500 9,014 639 5,486 6,125 2,889 68% Travel 1,469 3,626 4,500 9,659 2,035 4,493 6,528 3,131 68% Other Services & Charges 11,433 12,862 20,350 22,963 4,994 6,046 11,040 11,923 48% Total Services & Charges 179,966 215,468 666,950 715,477 43,734 51,889 95,623 619,854 13% Operating Expenditures 619,444 875,978 1,420,877 1,477,839 162,711 60,973 223,684 1,254,155 15% Interfund Interfund Allocations 210,875 237,973 262,702 262,702 43,784 - 43,784 218,918 17% Interfund Transfers Out 175,579 - 1,110,000 1,110,000 939,012 - 939,012 170,988 85% Total Interfund 386,454 237,973 1,372,702 1,372,702 982,796 - 982,796 389,906 72% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,145,507 60,973 1,206,480 1,644,061 42% Net Surplus / (Deficit) (543,183) 667,016 (589,972) (646,934) (83,587) (144,560) Morris Performing Arts Center Historical Budget Summary - Fund 101, 273, 274, & 602 In 2022, the operations of the Morris Performing Arts Center will be moved from the General Fund (#101) into the newly created Morris Operations enterprise fund (#602). Also, the revenue and expenditures formerly accounted for in the Morris Marketing Fund (#273) and the Morris Self-Promotion Fund (#274) will be moved into the new fund. 113 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Century Center Operations Fund Number 670 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 956,250 637,500 1,275,000 1,275,000 1,037,500 1,037,500 237,500 81% Charges for Services 924,923 1,401,480 2,778,000 2,778,000 224,108 224,108 2,553,892 8% Interest Earnings 7 54 - - - - - - Other Income 5,936 5,177 3,750 3,750 36,349 36,349 (32,599) 969% Interfund Allocation Reimb 68,478 67,477 69,185 69,185 11,531 11,531 57,654 17% Total Revenue 1,955,594 2,111,688 4,125,935 4,125,935 1,309,488 1,309,488 2,816,447 32% Expenditures by Subdivisions City Operations 1,149,345 1,246,312 1,543,246 1,559,473 197,257 29,009 226,265 1,333,207 15% Food & Beverage Operations 1,444,541 1,702,069 2,535,485 2,535,485 330,302 - 330,302 2,205,183 13% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 527,558 29,009 556,567 3,538,390 14% Expenditures by Type Personnel Salaries & Wages 368,842 350,615 469,511 469,511 56,221 - 56,221 413,290 12% Fringe Benefits 138,803 124,970 185,425 185,425 21,864 - 21,864 163,561 12% Other Personnel Costs 757,895 730,187 718,000 718,000 157,368 - 157,368 560,632 22% Total Personnel 1,265,540 1,205,772 1,372,936 1,372,936 235,454 - 235,454 1,137,483 17% Supplies 317,548 551,277 1,136,200 1,136,301 93,766 3,658 97,424 1,038,878 9% Services & Charges Professional Services 35,698 107,162 122,108 122,108 22,112 - 22,112 99,996 18% Printing & Advertising 277 543 - - - - - - - Utilities 276,273 348,609 392,296 392,296 70,858 - 70,858 321,438 18% Repairs & Maintenance 74,654 71,901 115,000 128,788 8,741 15,285 24,026 104,762 19% Education & Training 1,724 428 2,500 2,500 - - - 2,500 0% Travel - 574 - - - - - - - Insurance 47,272 48,906 58,188 58,188 7,681 - 7,681 50,508 13% Other Services & Charges 311,417 268,797 537,589 539,927 48,743 10,067 58,809 481,117 11% Total Services & Charges 747,314 846,920 1,227,681 1,243,806 158,134 25,351 183,485 1,060,321 15% Operating Expenditures 2,330,403 2,603,968 3,736,817 3,753,044 487,354 29,009 516,363 3,236,682 14% Interfund Interfund Allocations 169,544 247,195 241,226 241,226 40,204 - 40,204 201,022 17% Interfund Transfers Out 93,939 97,217 100,688 100,688 - - - 100,688 0% Total Interfund 263,483 344,412 341,914 341,914 40,204 - 40,204 301,710 12% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 527,558 29,009 556,567 3,538,392 14% Net Surplus / (Deficit) (638,292) (836,692) 47,204 30,977 781,930 752,921 Beginning Cash Balance 1,537,206 1,016,748 194,350 Cash Adjustments 117,834 14,294 - Ending Cash Balance 1,016,748 194,350 225,327 1,007,075 Cash Reserves Target 648,472 737,095 1,023,739 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The City has a contract with ASM Global (a company that specializes in venue management) for the food & beverage operations at the Century Center. The repair and maintenance operations are handled by the City. | Personnel - The City's portion of the personnel budget includes the wages and benefits for seven (7) full-time employees, and $48k for part- time wages. These employees are hired and managed by the City. Other Personnel Costs represents the wages and benefits for ASM Global employees working for the Century Center. | Supplies - The City's portion of the budget includes supplies needed to maintain the Century Center such as cleaning supplies, repair & maintenance materials, office supplies, and other small operating supplies. ASM Global's portion of the supplies budget ($1.1 million) includes supplies needed to operate the Century Center for events, such as food & beverage inventory. | Services - The repair & maintenance budget includes HVAC and elevator maintenance, along with other general building maintenance expenses. The utilities budget includes the costs of electric, natural gas, and water for the Century Center. | Interfund Transfers Out include transfers to the Century Center Energy Conservation Debt Service Fund (#672) to fund debt service payments.| Capital - See the Century Center Capital Fund (#671). Cash Reserves Target 25% of Annual expenditures This fund was established to account for the operating costs of Century Center, the City's convention center. The Century Center is a division of the Department of Venues, Parks & Arts. The Century Center is located along the St. Joseph River in Downtown South Bend. It plays host to conventions and trade shows, conferences and meetings, weddings and receptions, plays, and concerts. This fund receives Hotel/Motel tax, remitted to the City by St. Joseph County, and collects revenue for charges for services such as facility rent, catering, parking etc. Amount may change in years going forward. Due to the COVID-19 pandemic, the Century Center was shut down for a several months during 2020. Revenue is expected to drop significantly for the foreseeable future as a result of less events due to the pandemic. 114 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Century Center Capital Fund Number 671 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,931 98 1,000 1,000 16 16 984 2% Other Income - - - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 1,931 98 1,000 1,000 16 16 984 2% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - 35,000 35,000 - - - 35,000 0% Total Expenditures - - 35,000 35,000 - - - 35,000 0% Net Surplus / (Deficit)1,931 98 (34,000) (34,000) 16 16 Beginning Cash Balance 981,681 983,612 983,710 Cash Adjustments - - - Ending Cash Balance 983,612 983,710 949,710 983,726 Cash Reserves Target 800,000 800,000 800,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 1989 for the purpose of providing preventative maintenance and improvement to the Century Center. This fund receives revenue from interest earned on the fund's cash balance. The Century Center Board of Managers may transfer the annual net profit from the Century Center Operations Fund (#670) into this fund; however, the City does not anticipate transfers in the next few years because revenue is expected to drop significantly for the foreseeable future as a result of less events due to the COVID-19 pandemic. The Century Center's capital needs are being met by an allocation from the St. Joseph County Hotel/Motel Tax Board. These capital expenditures for the Century Center are paid directly from the County budget and do not pass through the City's accounting system; therefore, these expenditures do not appear in the City's budget. Cash Reserves Target $800,000 Minimum per Board of Managers 115 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Century Center Energy Conservation Debt Svc Fund Number 672 Fund Type Debt Service Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 221,437 221,437 221,437 221,437 221,437 221,437 - 100% Interest Earnings 2,552 1,574 2,000 2,000 161 161 1,839 8% Other Income 97,225 89,480 80,242 80,242 - - 80,242 0% Interfund Transfers In 93,939 97,217 100,688 100,688 - - 100,688 0% Total Revenue 415,154 409,708 404,367 404,367 221,598 221,598 182,769 55% Expenditures by Type Services & Charges Debt Service Principal 285,614 291,274 297,175 297,175 - - - 297,175 0% Debt Service Interest & Fees 125,482 115,437 105,193 105,193 - - - 105,193 0% Total Expenditures 411,096 406,711 402,368 402,368 - - - 402,368 0% Net Surplus / (Deficit)4,058 2,997 1,999 1,999 221,598 221,598 Beginning Cash Balance 189,409 193,705 196,702 Cash Adjustments 238 - - Ending Cash Balance 193,705 196,702 198,701 418,300 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2015 to account for debt service payments of the 2015 Century Center Energy Conservation bonds. The bond proceeds were used to make improvements at the Century Center including a new solar panel roof and other energy efficiency projects. This fund receives revenue, to fund the repayment of the debt, from the following sources: a pledge of Hotel/Motel tax revenue from St. Joseph County in the amount of $221,437 per year starting in 2018; interfund transfers from Century Center Operations Fund (#670); and a federally subsidized interest rebate of approximately 80% of interest paid. This fund also receives revenue from interest earned on the fund's cash balance. The bonds will be paid off over a 15-year period with the final payment due on May 1, 2031. Cash Reserves Target No reserve requirement 116 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name City Cemetery Fund Number 730 Fund Type Special Revenue Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 259 178 273 273 23 23 250 9% Other Income - - - - - - - - Total Revenue 259 178 273 273 23 23 250 9% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)259 178 273 273 23 23 Beginning Cash Balance 29,730 30,041 30,218 Cash Adjustments 51 - - Ending Cash Balance 30,041 30,218 30,491 30,242 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10638-18) to provide perpetual care and maintenance for the South Bend City Cemetery. Revenue was originally derived from the sale of cemetery plots and burial expenses. There are few sites available for sale and most plots are occupied, resulting in little burial activity. Currently, this fund only receives revenue from interest earned on the fund's cash balance. Expenses are for maintaining the City Cemetery. There are no expenditures budgeted for 2022. Appropriation requests for expenditures will be made as needed. Cash Reserves Target 25% of Annual expenditures 117 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Bowman Cemetery Fund Number 731 Fund Type Special Revenue Fund Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 4,082 2,793 4,328 4,328 366 366 3,962 8% Other Income - - - - - - - - Total Revenue 4,082 2,793 4,328 4,328 366 366 3,962 8% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)4,082 2,793 4,328 4,328 366 366 Beginning Cash Balance 467,692 472,576 475,369 Cash Adjustments 802 - - Ending Cash Balance 472,576 475,369 479,697 475,735 Cash Reserves Target 400,000 400,000 400,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: In 2018, the trust administered by Key Bank for the maintenance of the Bowman Cemetery was terminated. The funds held in the trust were transferred to the City for the City’s ongoing responsibility to care for the Bowman Cemetery in perpetuity according to Indiana law. This fund was established by Ordinance No. 10638-18, dated December 10, 2018, to account for the transferred funds and to budget for the expenses the City will incur in maintaining the Bowman Cemetery. Currently, this fund only receives revenue from interest earned on the fund's cash balance. Expenses will be for maintaining the Bowman Cemetery. There are no expenditures budgeted for 2022. Appropriation requests for expenditures will be made as needed. Cash Reserves Target $400,000 minimum 118 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2015 Parks Bond Debt Service Fund Number 757 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 807 47 1,000 1,000 9 9 991 1% Interfund Transfers In 375,939 375,986 374,106 374,106 61,801 61,801 312,305 17% Total Revenue 376,746 376,033 375,106 375,106 61,810 61,810 313,296 16% Expenditures by Type Services & Charges Debt Service Principal 225,000 225,000 230,000 230,000 115,000 - 115,000 115,000 50% Debt Service Interest & Fees 156,131 149,381 142,557 142,557 72,141 - 72,141 70,416 51% Total Expenditures 381,131 374,381 372,557 372,557 187,141 - 187,141 185,416 50% Net Surplus / (Deficit) (4,385) 1,652 2,549 2,549 (125,330) (125,330) Beginning Cash Balance 590,497 586,111 587,763 Cash Adjustments - - - Ending Cash Balance 586,111 587,763 590,312 462,433 Cash Reserves Target 586,111 587,763 590,312 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the semi-annual payment of debt service principal and interest to the bondholders of the 2015 Parks Bond. The par amount of the bonds were $5,605,000. The debt service reserve will be used towards the last debt service payment. The accounting records are maintained in trustee bank accounts. | Capital expenditures of this bond were tracked in the 2015 Parks Bond Capital Fund (#751). The capital proceeds were fully expended in 2019. The Local Income Tax Economic Development Fund (#408) transfers money into this fund on a monthly basis, as per the bond ordinance, to cover debt service payments. This fund also receives revenue from interest earned on the cash balance at the trustee bank. The semi-annual debt service payments are set forth in the 20-year debt amortization schedule (debt schedule #141) with the first payment made on February 1, 2016 and the final payment due on August 1, 2035. Cash Reserves Target 100% cash reserves per bond covenants 119 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Studebaker-Oliver Revitalizing Grants Fund Number 209 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - Interest Earnings 7,035 4,318 5,942 5,942 533 533 5,409 9% Other Income 100,000 - - - - - - - Total Revenue 107,035 4,318 5,942 5,942 533 533 5,409 9% Expenditures by Type Services & Charges Professional Services 274,931 75,182 50,000 262,443 - 52,824 52,824 209,619 20% Total Services & Charges 274,931 75,182 50,000 262,443 - 52,824 52,824 209,619 20% Capital - - - - - - - - - Total Expenditures 274,931 75,182 50,000 262,443 - 52,824 52,824 209,619 20% Net Surplus / (Deficit)(167,896) (70,864) (44,058) (256,501) 533 (52,291) Beginning Cash Balance 929,415 763,112 692,248 Cash Adjustments 1,593 - - Ending Cash Balance 763,112 692,248 435,747 692,781 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9214-01) to account for various EPA grants relating to brownfields. Revenues and expenditures in this fund are grant and project specific and will vary from year to year. The EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Past grant activity includes: - Brownfields assessment grant: Hazardous substances grant funds and petroleum grant funds used to conduct Phase I and II environmental site assessments on a city-wide basis. Sites included a former foundry site that is now a city park, a former railroad site in the Studebaker/Oliver project area, and sites in wellhead protection areas. - Brownfields revolving loan fund grant: Grant used to capitalize a revolving loan fund from which the City of South Bend will provide loans and subgrants to support cleanup activities for sites throughout the city that are contaminated with hazardous substances. Loans will be made based on an environmental prioritization process. - Brownfields cleanup grant: Grant funds used to clean up the former Oliver Plow Works site. The site is part of the Studebaker/Oliver Plow Works Redevelopment Strategy, a phased approach for eventually redeveloping the entire Studebaker and Oliver factories into two light industrial parks. Grant funds also will be used for remediation and post-cleanup reporting, and community involvement activities. This fund received grant monies in the past and currently only receives revenue from interest earned on the fund's cash balance. Other income was derived from repayment from the River West TIF Fund (#324), with the last payment received in 2020. Professional services include ground water testing and other ongoing costs related to the study and planning for the various brownfields. The City also participates in the Indiana Department of Environmental Management's voluntary remediation program, and will continue using this fund in 2022 for those costs. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero 120 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Economic Development State Grants Fund Number 210 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - 41,015 - 568,343 5,649 5,649 562,694 1% Interest Earnings 712 160 18 18 21 21 (3) 115% Other Income 90,013 36,005 - - - - - - Total Revenue 90,725 77,180 18 568,361 5,670 5,670 562,691 1% Expenditures by Type Services & Charges Professional Services 56,352 438 - 90,850 - 69,493 69,493 21,358 76% Repairs & Maintenance - - - 400,000 - 22,129 22,129 377,872 6% Debt Service Principal 69,632 35,604 - - - - - - - Debt Service Interest & Fees 2,379 401 - - - - - - - Grants & Subsidies - 41,015 - 92,986 5,649 22,336 27,986 65,000 30% Other Services & Charges - - - 11,400 - - - 11,400 0% Total Services & Charges 128,362 77,457 - 595,236 5,649 113,957 119,607 475,630 20% Interfund Transfers Out - - - - - - - - - Total Expenditures 128,362 77,457 - 595,236 5,649 113,957 119,607 475,630 20% Net Surplus / (Deficit) (37,637) (277) 18 (26,875) 21 (113,937) Beginning Cash Balance 64,775 27,154 26,876 Cash Adjustments 16 - - Ending Cash Balance 27,154 26,876 1 26,896 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the receipt and subsequent expenditure of grants from the State of Indiana. This fund receives grant monies and revenue from interest earned on the fund's cash balance. Past expenditures include demolition of vacant and abandoned houses/lots, equipment for the Ignition Park/ND Turbo project, and debt service payments to the Indiana Development Finance Authority for a loan for the Indiana Brownfields Program with final payment in 2021. Current expenses are related to the State Lead Grant program. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero 121 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Dept of Community Investment Operating Fund Number 211 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 10,650 9,200 5,000 5,000 - - 5,000 0% Charges for Services 861,309 1,453,279 1,049,655 1,049,655 16,042 16,042 1,033,613 2% Fines, Forfeitures, and Fees 46,076 57,904 58,450 58,450 7,925 7,925 50,525 14% Interest Earnings 8,876 6,023 10,000 10,000 258 258 9,742 3% Other Income 2,598 573 - - 323 323 (323) - Interfund Allocation Reimb 174,531 145,765 181,981 181,981 30,330 30,330 151,651 17% Interfund Transfers In 2,268,899 500,000 4,179,829 4,179,829 120,000 120,000 4,059,829 3% Total Revenue 3,372,939 2,172,743 5,484,915 5,484,915 174,878 174,878 5,310,037 3% Expenditures by Type Personnel Salaries & Wages 1,529,047 1,779,295 2,743,056 2,743,056 291,989 - 291,989 2,451,067 11% Fringe Benefits 568,983 649,973 1,097,667 1,097,667 113,541 - 113,541 984,126 10% Total Personnel 2,098,029 2,429,268 3,840,723 3,840,723 405,530 - 405,530 3,435,193 11% Supplies 13,503 20,424 45,870 49,922 4,747 2,670 7,417 42,504 15% Services & Charges Professional Services 224,609 196,969 809,200 1,071,194 6,655 287,068 293,723 777,471 27% Printing & Advertising 7,560 4,758 23,675 23,675 685 - 685 22,990 3% Education & Training 4,576 14,288 30,500 39,080 (444) 8,671 8,227 30,853 21% Travel 4,502 268 33,762 33,762 - - - 33,762 0% Repairs & Maintenance 12,447 2,822 3,100 3,100 - - - 3,100 0% Other Services & Charges 11,772 24,660 32,225 32,225 2,105 - 2,105 30,120 7% Total Services & Charges 265,466 243,765 932,462 1,203,036 9,001 295,739 304,740 898,296 25% Operating Expenditures 2,376,999 2,693,456 4,819,055 5,093,681 419,278 298,409 717,687 4,375,993 14% Interfund Interfund Allocations 357,941 652,726 665,860 665,860 110,977 - 110,977 554,883 17% Interfund Transfers Out 35,000 50,000 - - - - - - - Total Interfund 392,941 702,726 665,860 665,860 110,977 - 110,977 554,883 17% Total Expenditures 2,769,940 3,396,182 5,484,915 5,759,541 530,255 298,409 828,664 4,930,876 14% Net Surplus / (Deficit) 603,000 (1,223,439) - (274,626) (355,376) (653,786) Beginning Cash Balance 1,012,307 1,629,498 394,125 Cash Adjustments 14,191 (11,934) - Ending Cash Balance 1,629,498 394,125 119,499 44,751 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10060-10) to account for the activities of the Department of Community Investment (DCI). DCI's mission is to spur investment in a stronger South Bend by attracting & retaining growing businesses, connecting residents to economic opportunities, and planning for vibrant neighborhoods. This fund is mainly supported by interfund transfers from the Local Income Tax Economic Development Fund (#408). Therefore, there is no cash reserve requirement in this fund as it is supported by interfund transfers and does not need to carry a cash balance. This fund also receives revenue from federal grants and staff contracts. Starting in 2020, the wages and benefits for two Zoning staff are allocated back to the Building Department (Fund #600). This revenue is represented as an interfund allocation reimbursement transferred from Fund #600. In 2021, two new positions were added to the Business Development team to support the newly awarded Revolving Loan Fund Grant as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These positions will handle all loan applications and processing through closing. The positions are fully funded by grant revenue. Since 2019 there have been transition efforts to consolidate the Building and Code Enforcement departments, as well as the division of Sustainability, into DCI. In 2022, those consolidation efforts will be finalized and result in a reorganization of staff and reporting structures. In addition, several new or expanded initiatives will be added to DCI to facilitate the goals of the American Rescue Plan. Within the new structure there are five teams: (1) Engagement and Economic Empowerment; (2) Growth and Opportunity: formerly Business Development; (3) Neighborhoods: includes South Bend Animal Resource Center, Neighborhood Services & Enforcement (formerly the Department of Code Enforcement), Neighborhood Grants, and Neighborhood Health and Housing; (4) Planning: includes Building, Historic Preservation, Planning, and Zoning; (5) Sustainability. | Note: In 2022, the Sustainability Division will be moved from the General Fund (#101) into this fund as it will now be part of the Department of Community Investment. Cash Reserves Target No reserve requirement 122 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Dept of Community Investment Grants Fund Number 212 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 2,392,383 2,563,504 2,832,655 8,913,870 46,604 46,604 8,867,266 1% Fines, Forfeitures, and Fees 121 500 - - - - - - Other Income 186,664 341,376 119,687 119,687 21,188 21,188 98,499 18% Total Revenue 2,579,168 2,905,379 2,952,342 9,033,557 67,792 67,792 8,965,765 1% Expenditures by Type Services & Charges Professional Services 40,488 10,343 - 249,170 5,290 125,530 130,820 118,350 53% Grants & Subsidies 2,529,492 2,801,228 2,832,655 9,194,205 151,634 3,586,693 3,738,327 5,455,878 41% Total Services & Charges 2,569,980 2,811,571 2,832,655 9,443,375 156,924 3,712,223 3,869,147 5,574,228 41% Total Expenditures 2,569,980 2,811,571 2,832,655 9,443,375 156,924 3,712,223 3,869,147 5,574,228 41% Net Surplus / (Deficit) 9,188 93,809 119,687 (409,818) (89,132) (3,801,355) Beginning Cash Balance 305,248 313,907 409,818 Cash Adjustments (528) 2,102 - Ending Cash Balance 313,907 409,818 - 321,798 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources, Expenditures, and Significant Changes/Variances: Special allocations of CDBG and ESG awarded under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are separate from regular allocations and are accounted for in the COVID-19 Response Fund (#264). This fund accounts for the receipt and subsequent expenditure of grants received from the U.S. Department of Housing and Urban Development related to community improvement projects. This fund accounts for various grants including: Community Development Block Grant (CDBG) - CDBG funds can be used for a variety of community development opportunities such as providing affordable housing, a suitable living environment, and economic opportunities for individuals and families with incomes below 80 percent of the area median income. CDBG funds can also be used for the elimination of slum and blight. Emergency Solutions Grant (ESG) - The ESG Program provides homeless persons with basic shelter and essential supportive services. It can assist with operational costs of the shelter facility, and for the administration of the grant. Neighborhood Stabilization Project (NSP) - Congress created the Neighborhood Stabilization Program to help cities, counties and states deal with community problems that are the result of the mortgage foreclosure crisis in the nation. HUD provides money to local governments (cities and counties), nonprofits, and all 50 states. Generally, the money must be used to buy, fix up, and resell foreclosed and abandoned homes. NSP grantees develop their own programs and funding priorities. However, NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income. Activities may not qualify under NSP using the "prevent or eliminate slums and blight" or "address urgent community development needs" objectives. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero 123 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Unsafe Building Fund Number 219 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 51,581 34,066 62,900 62,900 3,578 3,578 59,322 6% Interest Earnings 7,420 4,812 7,971 7,971 589 589 7,382 7% Other Income 18 - - - 366 366 (366) - Total Revenue 59,018 38,879 70,871 70,871 4,534 4,534 66,338 6% Expenditures by Type Supplies 5,458 - - - - - - - - Services & Charges Professional Services 27,070 25,970 23,000 23,000 2,210 17,790 20,000 3,000 87% Other Services & Charges 109,224 81,316 - - - - - - - Total Services & Charges 136,294 107,286 23,000 23,000 2,210 17,790 20,000 3,000 87% Total Expenditures 141,751 107,286 23,000 23,000 2,210 17,790 20,000 3,000 87% Net Surplus / (Deficit) (82,733) (68,407) 47,871 47,871 2,324 (15,466) Beginning Cash Balance 923,154 832,938 764,981 Cash Adjustments (7,482) 450 - Ending Cash Balance 832,938 764,981 812,852 767,306 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement The Unsafe Building Fund was established in 2016 (ordinance 10416-16) to receive fines and fees related to Indiana's Unsafe Building law (IC 36-7-9). The expenses incurred for board-ups, demolitions, ordinance violation abatements, and other related services are recorded here. The Unsafe Building Fund is an extension of the Neighborhoods Division and shares the same mission to ensure a safe and clean community by upholding and enforcing the ordinances of the City of South Bend, the Indiana Unsafe Building Law, and the 2000 International Property Maintenance Code. Code Enforcement not only cites neglected properties through its team of inspectors, it also pursues citizens' complaints, partners with volunteer neighborhood associations for neighborhood clean-ups, and works directly through community outreach programs to enrich the City of South Bend's neighborhoods. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. The Unsafe Building Fund is managed by the Neighborhoods Division which facilitates code enforcement activities. This fund receives revenue from fines and fees relating to Unsafe Building laws including the following sources: vacant and abandoned registrations, board-ups, demolitions, forfeited performance bonds, special assessments, and civil penalties. Budgeted expenditures includes emergency demolitions and expenses associated with monitoring unsafe building concerns. Starting in 2020, the Neighborhood Enforcement Action Team (NEAT) was moved into the newly established Code Enforcement Fund (#230), resulting in a large decrease in expenditures from 2019 to 2020. This allowed for more transparency regarding the Unsafe Building fines and fees collected in this fund and the expenditure of those revenues on allowable expenses. The expenditures in this fund will be equal to or less than revenues received. 124 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Rental Units Regulation Fund Number 221 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 107,800 6,880 100,000 100,000 1,000 1,000 99,000 1% Interest Earnings 573 728 200 200 65 65 135 33% Interfund Transfers In 245,626 50,000 303,923 303,923 - - 303,923 0% Total Revenue 353,999 57,608 404,123 404,123 1,065 1,065 403,058 0% Expenditures by Type Personnel Salaries & Wages 119,900 106,421 236,047 236,047 13,253 - 13,253 222,794 6% Fringe Benefits 59,277 52,625 114,076 114,076 7,477 - 7,477 106,599 7% Total Personnel 179,177 159,046 350,123 350,123 20,730 - 20,730 329,393 6% Supplies 332 236 - - - - - - - Services & Charges Professional Services 1,505 - 54,000 100,671 985 99,686 100,671 - 100% Other Services & Charges 1,748 - - - - - - - - Total Services & Charges 3,254 - 54,000 100,671 985 99,686 100,671 - 100% Total Expenditures 182,762 159,283 404,123 450,794 21,715 99,686 121,401 329,393 27% Net Surplus / (Deficit) 171,237 (101,674) - (46,671) (20,649) (120,335) Beginning Cash Balance 17,823 189,090 87,416 Cash Adjustments 31 - - Ending Cash Balance 189,090 87,416 40,745 66,517 Cash Reserves Target - - - Fund Purpose: RSVP Program: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the revenues and expenditures related to the Landlord Registration ordinance (10427-16) and the Rental Safety Verification Program (RSVP) ordinance (10644- 19). Both of these programs are managed by the Neighborhoods Division of the Department of Community Investment (DCI). Revenue generation for the Rental Safety Verification Program (RSVP) is derived from follow up re-inspection fees and assessments for noncompliance. First and second inspections will have no charges; however, if not compliant after the second inspection, there will be charges requiring follow up inspections to validate compliance. Because this program is new, revenue could vary greatly from current estimates. A transfer from the Local Income Tax Economic Development Fund (#408) will make up the difference. Prior to the Rental Safety Verification Program (RSVP), proceeds from the landlord registration ($5 registration fee per year) were intended to fund Neighborhood Code Enforcement's costs of the program. However, previous guidelines for landlord registrations will be integrated into RSVP while working with landlords. This budget accounts for the operating costs of the Rental Safety Verification Program (RSVP) | Personnel - The personnel budget includes the wages and benefits for four (4) full- time Code Inspectors assigned to the program. From 2019 to 2020, two additional Code Inspectors were added to expand the program for a total of four Code Inspectors. | Supplies - The supplies needed for the RSVP program are minimal and will be paid out of the Code Enforcement Fund (#230) starting in 2022 since many of the supplies are shared within the Neighborhoods Division. | Services - $54,000 is budgeted for a professional services agreement for temporary housing and security deposits to move tenants if their unit is condemned and the owner doesn't have another unit for the tenant. | Accounting Changes - Prior to 2020, the Rental Safety Verification Program (RSVP) was budgeted in the Consolidated Building Fund (#600). In 2020, RSVP was moved into this fund in order to better track its revenue and expenditures. Cash Reserves Target No reserve requirement The Rental Safety Verification Program (RSVP) requires an occupancy inspection of all real property or rental units that are intended to be occupied or are occupied by anyone other than the owner. This program is designed to ensure all City of South Bend rental units meet the minimum property standards of the International Property Maintenance Code, which are incorporated into Chapter 6-Article 14 of the City's municipal code. Once the rental unit has been inspected with an Inspection Report and approved for occupancy, an Inspection Certificate shall be issued by the Department authorizing the rental unit to be occupied. The purpose of the Inspection Report and Inspection Certificate issued to the owner or the property manager (if applicable) is to verify that the rental unit is safe and habitable for occupancy with respect to: electrical systems, plumbing systems, water and sanitary system, including hot water, heating and ventilation systems, bathroom, toilet facilities, doors, windows, stairways, hallways, functioning smoke detectors, lead hazards, indoor air quality, and the overall structure in which a rental unit is established. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. The Rental Units Regulation Fund is managed by the Neighborhoods Division which facilitates code enforcement activities. 125 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Code Enforcement Fund Number 230 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 30,425 43,555 37,000 37,000 3,790 3,790 33,210 10% Charges for Services 43,360 47,624 50,300 50,300 6,761 6,761 43,539 13% Fines, Forfeitures, and Fees 367,113 411,114 342,000 342,000 18,291 18,291 323,709 5% Interest Earnings 2,492 941 - - 136 136 (136) - Debt Proceeds 80,000 235,000 385,000 385,000 - - 385,000 0% Other Income 15,396 2,998 500 500 1,349 1,349 (849) 270% Interfund Allocation Reimb 76,927 34,708 - - - - - - Interfund Transfers In 3,619,593 2,290,000 3,950,930 3,950,930 335,000 335,000 3,615,930 8% Total Revenue 4,235,305 3,065,940 4,765,730 4,765,730 365,326 365,326 4,400,403 8% Expenditures by Subdivisions Neighborhood Services 2,498,995 2,420,819 3,644,322 3,881,606 420,576 243,900 664,477 3,217,129 17% Animal Resource Center 934,825 949,115 1,121,408 1,132,829 135,373 9,886 145,259 987,570 13% Total Expenditures 3,433,820 3,369,933 4,765,730 5,014,435 555,949 253,787 809,736 4,204,699 16% Expenditures by Type Personnel Salaries & Wages 1,415,442 1,410,684 1,463,721 1,463,721 207,108 - 207,108 1,256,613 14% Fringe Benefits 588,698 575,669 677,513 677,513 95,175 - 95,175 582,338 14% Total Personnel 2,004,140 1,986,353 2,141,234 2,141,234 302,283 - 302,283 1,838,951 14% Supplies 113,969 110,837 153,450 165,115 21,250 8,034 29,284 135,831 18% Services & Charges Professional Services 40,574 67,185 102,300 102,800 13,625 7,162 20,787 82,013 20% Printing & Advertising 10,559 11,260 22,201 23,741 2,070 1,809 3,878 19,863 16% Utilities 31,984 32,310 41,389 41,389 6,575 - 6,575 34,814 16% Repairs & Maintenance 239,861 137,334 404,900 404,900 18,948 - 18,948 385,952 5% Education & Training 2,933 4,013 18,900 18,900 - - - 18,900 0% Travel 3,826 777 16,800 16,800 - - - 16,800 0% Other Services & Charges 120,664 112,018 495,160 495,160 13,119 1,782 14,901 480,259 3% Debt Service Principal 47,510 90,535 203,054 203,054 48,635 - 48,635 154,419 24% Debt Service Interest & Fees 2,954 4,350 13,726 13,726 1,510 - 1,510 12,216 11% Total Services & Charges 500,864 459,782 1,318,430 1,320,470 104,480 10,753 115,233 1,205,236 9% Operating Expenditures 2,618,973 2,556,971 3,613,114 3,626,819 428,013 18,787 446,800 3,180,018 12% Capital - 49,478 385,000 620,000 - 235,000 235,000 385,000 38% Interfund Allocations 814,847 763,484 767,616 767,616 127,936 - 127,936 639,680 17% Total Expenditures 3,433,820 3,369,933 4,765,730 5,014,435 555,949 253,787 809,736 4,204,698 16% Net Surplus / (Deficit) 801,485 (303,993) - (248,705) (190,622) (444,409) Beginning Cash Balance - 803,572 497,492 Cash Adjustments 2,088 (2,088) - Ending Cash Balance 803,572 497,492 248,787 310,669 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the administrative costs for the Neighborhoods Division along with operational costs such as repair & maintenance of Code Inspector trucks and vehicles used by the NEAT Crew, and the operational costs of running the Animal Resource Center (SBARC). | Personnel - The personnel budget includes the wages and benefits for twenty (20) full-time Neighborhood Services employees and nine (9) full-time Animal Resource Center employees, along with a budget for part-time and seasonal/intern wages. | Supplies - Includes uniforms, small tools & equipment for inspectors, fuel for inspectors' vehicles, medical/safety supplies, and operating supplies for SBARC such as animal feed and cleaning supplies. | Services - Professional services include environmental testing, Code Hearing Officer, collection costs, and veterinary services for SBARC. Repair & maintenance includes vehicle R&M for inspectors' vehicles, building R&M for SBARC, and a $225k agreement with the Park Maintenance Division for mowing of properties cited for grass and weeds. Other services & charges includes $400k for landfill dumping fees for illegal dumps and neighborhood cleanups. Includes four (4) tire disposal amnesty days for neighborhood dumpster and disposal fees ($90k), and trash/litter campaign monthly per six (6) Council districts cleanup ($200k). | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles. Accounting Changes - In 2020, NCE and SBARC were moved from the Consolidated Building Fund (#600) into this fund. Also in 2020, NEAT was moved from the Unsafe Building Fund (#219) into this fund. This fund was established in 2020 to account for the activity of the Neighborhoods Division of the Department of Community Investment (DCI). Operating under the Neighborhoods Division is Neighborhood Code Enforcement (NCE), the South Bend Animal Resource Center (SBARC), and Neighborhood Enforcement Action Team (NEAT). NCE upholds and enforces the ordinances of the City of South Bend, the Indiana Unsafe Building Law, and the 2000 International Property Maintenance Code. SBARC runs the animal resource center (aka animal shelter) and enforces animal welfare laws regarding animal cruelty and neglect per City, State, and Federal regulations. NEAT works in tandem with NCE to provide services for environmental clean-ups to homeowners and/or businesses. These clean-ups consist of illegal dumping of household items, tires, building materials, appliances, and any other form of litter and debris. Additional fines may be assessed for failure to comply upon notification. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. Neighborhood Code Enforcement collects revenues from fees for environmental clean-ups, processing abandoned vehicles, and ordinance violations. The South Bend Animal Resource Center (SBARC) collects revenues from fees for animal shelter activities such as adoption fees, pet licenses, pet microchipping, and animal surrender fee. SBARC also collects fines it assesses for animal welfare ordinance violations. These revenues do not cover the expenditures of these activities. The difference is covered by an interfund transfer from the Local Income Tax Economic Development Fund (#408). Cash Reserves Target No reserve requirement 126 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Urban Development Action Grant Fund Number 410 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 361 172 265 265 21 21 244 8% Other Income 18,442 18,278 21,996 21,996 4,378 4,378 17,618 20% Total Revenue 18,803 18,449 22,261 22,261 4,398 4,398 17,862 20% Expenditures by Type Services & Charges Debt Service Principal 40,000 24,000 24,000 24,000 6,000 - 6,000 18,000 25% Total Expenditures 40,000 24,000 24,000 24,000 6,000 - 6,000 18,000 25% Net Surplus / (Deficit) (21,197) (5,551) (1,739) (1,739) (1,602) (1,602) Beginning Cash Balance 53,838 32,733 27,182 Cash Adjustments 92 - - Ending Cash Balance 32,733 27,182 25,443 25,581 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was originally established to account for economic development expenditures which are financed by federal grants and loan repayments. Revenue comes from Business Development Corporation (BDC) repayment of Fund 410 miscellaneous revenue used to capitalize BDC loan pool. This fund also receives revenue from interest earned on the fund's cash balance. Currently, this fund is used for the repayment of an interfund loan from the Local Income Tax-Certified Shares Fund (#404) in connection with a downtown hotel/parking garage project. The final payment is due in 2022 (debt schedule #82). When the final revenue payment is due from BDC, it may be prudent to payoff the debt to Fund #404 and potentially close this fund rather than following current amortization schedule which goes out to 2046. Payments in future years will be made as BDC loan collections are received. The BDC loan collections have been remitted at rates less than the current amortization schedule depicts due to poor portfolio performance and as such may require an amendment to the debt schedule. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero 127 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Consolidated Building Fund Number 600 Fund Type Enterprise Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 1,304,739 1,515,351 1,585,100 1,585,100 185,224 185,224 1,399,876 12% Fines, Forfeitures, and Fees 1,140 2,516 2,000 2,000 1,350 1,350 650 68% Interest Earnings 17,782 12,194 16,284 16,284 1,606 1,606 14,678 10% Other Income 422 1,044 - - 874 874 (874) - Total Revenue 1,324,083 1,531,105 1,603,384 1,603,384 189,054 189,054 1,414,330 12% Expenditures by Type Personnel Salaries & Wages 763,648 739,269 870,751 870,751 118,749 - 118,749 752,002 14% Fringe Benefits 305,840 319,458 392,308 392,308 62,314 770 63,084 329,224 16% Total Personnel 1,069,488 1,058,727 1,263,059 1,263,059 181,064 770 181,834 1,081,226 14% Supplies 14,538 15,666 19,861 19,914 4,188 53 4,240 15,673 21% Services & Charges Professional Services 2,411 - 8,000 8,000 - - - 8,000 0% Printing & Advertising 336 716 4,200 4,200 - - - 4,200 0% Education & Training 2,429 219 6,000 6,000 300 - 300 5,700 5% Travel - - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 14,257 28,086 15,000 15,000 2,982 - 2,982 12,018 20% Other Services & Charges 11,039 18,448 35,310 35,310 10,502 121 10,623 24,687 30% Debt Service Principal 41,198 43,020 23,594 23,594 7,188 - 7,188 16,406 30% Debt Service Interest & Fees 2,184 1,316 567 567 150 - 150 417 26% Total Services & Charges 73,854 91,805 98,671 98,671 21,121 121 21,242 77,428 22% Operating Expenditures 1,157,879 1,166,198 1,381,591 1,381,644 206,372 944 207,316 1,174,327 15% Capital - 49,478 - - - - - - - Interfund Allocations 328,799 339,938 665,210 665,210 110,868 - 110,868 554,342 17% Total Expenditures 1,486,678 1,555,614 2,046,801 2,046,854 317,241 944 318,184 1,728,669 16% Net Surplus / (Deficit) (162,595) (24,509) (443,417) (443,470) (128,187) (129,130) Beginning Cash Balance 2,285,733 2,127,056 2,102,372 Cash Adjustments 3,918 (175) - Ending Cash Balance 2,127,056 2,102,372 1,658,902 1,974,257 Cash Reserves Target 371,670 388,904 511,713 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund was established (ordinance 8412-93) to receive monies and fees to pay expenses related to the operation of the St Joseph County/South Bend Building Department. The fund is operated in accordance with the interlocal agreement between St Joseph County and the City of South Bend executed December 31, 1991 as amended. | The Building Department regulates the “built environment” through enforcement of current building codes and zoning ordinances. The Building Department's purpose is to promote safe occupancy for all residents of the jurisdiction, serving all properties within the City of South Bend and all properties with a 5-digit address within St. Joseph County. | Note: From 2019 through 2021, the Building Department has transitioned to a team within the Department of Community Investment (DCI). In 2022, that transition is complete and Building is now part of the DCI Planning team. Revenue for the Building Department is primarily generated through issuing permits for construction, demolition, or occupancy. In addition, contractor registrations and licenses are also issued and monitored. Prior to the COVID-19 pandemic, revenue was anticipated to increase based on trends. Due to the unknown nature of economic impacts of COVID-19, permit revenue is budgeted at 2021 anticipated actual levels. This fund accounts for the operational costs of running the Building Department. | Personnel - The personnel budget includes the wages and benefits for sixteen (16) full-time employees. | Supplies - Includes fuel for inspectors' vehicles and office supplies. | Services - Repair & maintenance includes vehicle R&M for inspectors' vehicles. | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles. | Capital - Forecasted to purchase one new vehicle per year starting in 2023 in order to replace aging fleet. | Interfund Allocations - In 2022, it is anticipated that a new permitting system will be sourced and implemented, resulting in a planned spend down of cash reserves. The implementation and software costs for the new permitting system are budgeted in the IT Department's budget (Fund #279) and allocated back to this fund through the IT interfund allocation. | Accounting Changes - In 2014, Code Enforcement’s budget was moved from the General Fund (#101) to this fund. In 2020, Code Enforcement’s budget was moved out of this fund with the Neighborhood Code Enforcement division and South Bend Animal Resource Center division moved to the newly created Code Enforcement Fund (#230) and the Rental Safety Verification Program (RSVP) moved to the Rental Units Regulation Fund (#221). 128 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Industrial Revolving Fund Fund Number 754 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - 2,658,410 - - 680,471 680,471 (680,471) - Interest Earnings - 380 2,000 2,000 67 67 1,933 3% Other Income 266,643 300,472 172,000 172,000 93,258 93,258 78,742 54% Total Revenue 266,643 2,959,263 174,000 174,000 773,795 773,795 (599,796) 445% Expenditures by Type Services & Charges Professional Services 88,742 291,043 455,982 589,021 35,725 24,525 60,251 528,770 10% Other Services & Charges 15,285 199,656 26,298 39,688 2,850 - 2,850 36,838 7% Grants & Subsidies - 2,700,000 - 4,290,000 2,357,400 - 2,357,400 1,932,600 55% Total Expenditures 104,026 3,190,699 482,280 4,918,709 2,395,975 24,525 2,420,501 2,498,208 49% Net Surplus / (Deficit) 162,616 (231,436) (308,280) (4,744,709) (1,622,180) (1,646,705) Beginning Cash Balance 2,078,333 2,406,914 3,700,843 Cash Adjustments 165,965 1,525,365 - Ending Cash Balance 2,406,914 3,700,843 (1,043,867) 2,129,518 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: The Industrial Revolving Fund is a loan fund for small businesses. It is governed by a separate Board of Directors which contracts with the City's Community Investment Department for administrative services. A City cash reserve target has not been established for the fund, but it operates under federal guidelines with respect the amount of loans and cash balances that must be maintained. This fund receives revenue from the repayments of small business loans. This fund also receives revenue from interest earned on the cash balance at the trustee bank. In 2021and 2022, revenue will be received from the new Revolving Loan Fund (RLF II) reimbursements as grant funds are administered and spent. In 2020, the City was awarded a $6.9 million Revolving Loan Fund (RLF II) grant as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This grant will run through July 2022. Expenditures are for legal services and administrative & program fees. Starting in 2021, expenditures related to the new Revolving Loan Fund (RLF II), which was awarded in 2020 by the Economic Development Administration (EDA) as part of the CARES Act, will include staff expenses, marketing, loan processing and various professional and miscellaneous expenses to administer the grant. All expenses are anticipated to be reimbursed by the grant. Cash Reserves Target No City reserve requirement; there are program requirements 129 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2015 Smart Streets Bond Debt Service Fund Number 756 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 869 91 1,000 1,000 17 17 983 2% Interfund Transfers In 1,716,000 1,716,000 1,715,000 1,715,000 858,000 858,000 857,000 50% Total Revenue 1,716,869 1,716,091 1,716,000 1,716,000 858,017 858,017 857,983 50% Expenditures by Type Services & Charges Debt Service Principal 1,000,000 1,030,000 1,060,000 1,060,000 525,000 - 525,000 535,000 50% Debt Service Interest & Fees 712,694 682,469 651,694 651,694 328,784 - 328,784 322,910 50% Total Expenditures 1,712,694 1,712,469 1,711,694 1,711,694 853,784 - 853,784 857,910 50% Net Surplus / (Deficit) 4,175 3,623 4,306 4,306 4,233 4,233 Beginning Cash Balance 1,734,901 1,739,076 1,742,699 Cash Adjustments - - - Ending Cash Balance 1,739,076 1,742,699 1,747,005 1,746,931 Cash Reserves Target 1,739,076 1,742,699 1,747,005 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the bi-annual principal and interest payments to bondholders for the 2015 Smart Streets Bond. It also accounts for the related debt service reserve cash balance held at trustee bank. The bonds were closed on April 9, 2015 and the par amount was $25 million. This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the River West TIF Fund (#324). This fund also receives revenue from interest earned on the cash balance at the trustee bank. The River West TIF Fund (#324) transfers money into this fund semi-annually to cover debt service payments. The bonds are to be repaid over 21 years, with the final payment due February 1, 2037 (debt schedule #135). The debt service reserve amount will be used towards the last debt service payment. Capital expenditures of this bond were tracked in the Smart Streets Bond Capital Fund (#753). The capital proceeds were fully expended in 2019. Cash Reserves Target 100% cash reserves per bond covenants 130 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2017 Eddy Street Commons Bond Capital Fund Number 759 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 306,537 1 - - - - - - Total Revenue 306,537 1 - - - - - - Expenditures by Type Capital 3,328,966 - - - - - - - - Total Expenditures 3,328,966 - - - - - - - - Net Surplus / (Deficit)(3,022,429) 1 - - - - Beginning Cash Balance 3,048,190 25,762 25,763 Cash Adjustments - - - Ending Cash Balance 25,762 25,763 25,763 25,763 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the expenditures of the bond proceeds from the 2017 Eddy Street Commons Phase II Bond. The funds will be spent on Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. Initial revenues were bond proceeds from the $25 million Eddy Street Commons Bond issued in 2017 (closing date 8/14/17, debt schedule #163). Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero In July 2007, the South Bend Common Council unanimously approved the rezoning of 25 acres of vacant land south of Notre Dame for the nearly $200 million Eddy Street Commons project. Phase I - As part of the Phase I development deal, Kite Realty Group agreed to invest $161.9 million while South Bend city officials agreed to invest $36.7 million to help with, among other costs, a parking garage and street and utility upgrades. Phase I included retail/restaurant/office space, apartment units, condo units, townhomes, a 1,276-vehicle multi-level parking garage, a Fairfield Inn & Suites and an Embassy Suites. Phase II - Designed with input from the University, City of South Bend and nearby home and business owners, Phase II consists of five main buildings: two graduate-style apartment buildings and a new Robinson Community Learning Center on the east side of Eddy Street and two market-rate apartment buildings on the west side of Eddy Street. A stand-alone grocery store is proposed for the southwest corner of Howard and Indiana 23, where the Robinson Center now sits. The Robinson Center, an off-campus educational initiative of the University, will move to a new one-story, 13,000-square-foot building across the street. Phase II is a joint effort between the university and Kite Realty. 131 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2017 Eddy Street Commons Bond Debt Service Fund Number 760 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,623 184 1,750 1,750 31 31 1,719 2% Interfund Transfers In 1,390,625 1,915,979 1,926,375 1,926,375 962,625 962,625 963,750 50% Total Revenue 1,392,248 1,916,164 1,928,125 1,928,125 962,656 962,656 965,469 50% Expenditures by Type Services & Charges Debt Service Principal 145,000 475,000 720,000 720,000 355,000 - 355,000 365,000 49% Debt Service Interest & Fees 1,245,625 1,235,875 1,206,375 1,206,375 607,625 - 607,625 598,750 50% Total Expenditures 1,390,625 1,710,875 1,926,375 1,926,375 962,625 - 962,625 963,750 50% Net Surplus / (Deficit)1,623 205,289 1,750 1,750 31 31 Beginning Cash Balance 3,461,700 3,463,323 3,668,611 Cash Adjustments - - - Ending Cash Balance 3,463,323 3,668,611 3,670,361 3,668,643 Cash Reserves Target 2,500,000 2,500,000 2,500,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the semi-annual payment of debt service principal and interest to the bondholders of the 2017 Eddy Street Commons Phase II Bonds. This fund will hold a minimum of $2.5 million in cash reserves per the 2017 Eddy Street Commons bond covenant. The bonds were closed on August 14, 2017 and the par amount was $25 million. In December 2018, an additional $945,000 was added to the debt service reserve. In March 2021, an additional $205,104 was added to the debt service reserve. This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the North East Residential Area TIF Fund (#436). This fund also receives revenue from interest earned on the cash balance at the trustee bank. The principal and interest payments are set forth in the 20-year debt amortization schedule with the first payment made on February 15, 2018 and the final payment due February 15, 2037. The bond was issued for Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. Capital expenditures related to the project are tracked in the Eddy Street Commons Capital Fund (#759). Cash Reserves Target $2,500,000 minimum 132 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Central Services Fund Number 222 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 2,511 2,711 2,300 2,300 21 21 2,279 1% Charges for Services 6,882,174 7,279,944 8,636,001 8,636,001 1,339,688 1,339,688 7,296,313 16% Interest Earnings 10,210 6,268 11,090 11,090 529 529 10,561 5% Other Income 84,210 78,626 69,000 69,000 11,232 11,232 57,768 16% Interfund Allocation Reimb 122,143 129,585 160,000 160,000 26,667 26,667 133,333 17% Total Revenue 7,101,248 7,497,135 8,878,391 8,878,391 1,378,138 1,378,138 7,500,254 16% Expenditures by Division Equipment Services 6,717,971 7,695,353 7,943,058 7,945,303 1,511,994 2,778 1,514,772 6,430,531 19% Print Shop 13,844 2,504 - - - - - - - Radio Shop 229,304 207,641 283,073 283,073 30,219 284 30,503 252,570 11% Building Maintenance 180,749 188,820 221,091 221,091 24,260 - 24,260 196,831 11% Facilities Management 101,697 144,897 181,838 181,838 21,815 - 21,815 160,023 12% Capital - - 190,000 242,425 2,256 50,169 52,425 190,000 22% Total Expenditures 7,243,566 8,239,216 8,819,060 8,873,729 1,590,543 53,231 1,643,774 7,229,955 19% Expenditures by Type Personnel Salaries & Wages 1,795,351 1,772,151 2,125,646 2,125,646 280,843 - 280,843 1,844,803 13% Fringe Benefits 780,402 758,851 982,988 982,988 141,701 - 141,701 841,287 14% Total Personnel 2,575,754 2,531,003 3,108,634 3,108,634 422,544 - 422,544 2,686,090 14% Supplies 3,998,093 4,782,010 4,594,490 4,595,876 1,011,206 347 1,011,552 3,584,323 22% Services & Charges Professional Services 7,777 12,174 38,825 38,825 - - - 38,825 0% Printing & Advertising 863 42 4,650 4,650 - - - 4,650 0% Utilities 53,701 61,782 64,468 64,468 17,558 - 17,558 46,910 27% Repairs & Maintenance 54,985 62,344 148,575 198,759 8,612 49,805 58,417 140,341 29% Education & Training 9,389 8,696 12,050 12,150 1,720 - 1,720 10,430 14% Travel - 51 1,850 1,850 - - - 1,850 0% Other Services & Charges 13,132 12,504 16,850 16,850 2,707 79 2,786 14,064 17% Debt Service Principal 15,596 2,483 8,069 8,069 - - - 8,069 0% Debt Service Interest & Fees 463 22 423 423 - - - 423 0% Total Services & Charges 155,905 160,096 295,760 346,044 30,597 49,884 80,481 265,562 23% Operating Expenditures 6,729,752 7,473,109 7,998,884 8,050,553 1,464,347 50,231 1,514,578 6,535,975 19% Capital - - 63,000 66,000 - 3,000 3,000 63,000 5% Interfund Interfund Allocations 306,521 683,462 757,176 757,176 126,196 - 126,196 630,980 17% Interfund Transfers Out 207,293 82,645 - - - - - - - Total Interfund 513,814 766,107 757,176 757,176 126,196 - 126,196 630,980 17% Total Expenditures 7,243,566 8,239,216 8,819,060 8,873,729 1,590,543 53,231 1,643,774 7,229,955 19% Net Surplus / (Deficit) (142,319) (742,081) 59,331 4,662 (212,405) (265,636) Beginning Cash Balance 1,455,158 1,209,079 658,666 Cash Adjustments (103,760) 191,668 - Ending Cash Balance 1,209,079 658,666 663,327 675,561 Cash Reserves Target 724,357 823,922 887,373 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Operational expenditures include those incurred in operating the wastewater treatment plant, maintaining the City's sewer system, and operating the Organic Resources facility which processes leaves, brush, wood and other yard waste. | Personnel - The personnel budget includes the wages and benefits for 38 full-time employees, and $26k for part-time and seasonal wages. | Supplies - Includes the costs of inventory parts that are used for the repair and maintenance of vehicles and equipment for City departments and external customers. Inventory also includes gasoline purchased for use by City departments, which is then charged back to the departments based on usage. General supplies for Central Services includes cleaning supplies, small tools & equipment, building maintenance supplies, uniforms, safety supplies, and office supplies. | Services - The repair & maintenance budget includes the cost of R&M for equipment, such as fuel pumps, and general building maintenance for the Central Services' garages. The utilities budget includes the costs of electric, natural gas, and water for the garages.| Debt Service - The principal and interest expense budgeted is for capital lease payments for a forklift purchased in 2019, be fully paid off in 2024. | Capital - Prior to 2022, Central Services' capital expenditures were tracked in the Central Services Capital Fund (#224). However, the capital fund did not have any source of revenue other than the interfund transfers it received from this fund. Therefore, Central Services' capital expenditures will be accounted for in this fund starting in 2022. This fund was established to track the operating costs of the Central Services Division. The Division provides a variety of services to other city departments, along with several local county, state and federal agencies. Central Services consists of 4 cost centers: Equipment Services, Building Maintenance, Radio Shop, and Facilities Management. The Department of Administration & Finance oversees the Central Services Division. Equipment Services and Radio Shop provide repair and maintenance services for the City's fleet and some external customers (governmental units such as St Joseph County and local township fire departments). Parts and labor for each work order are charged back to City departments or billed to the external customers. | Building Maintenance provides repair and maintenance services to the City's facilities. This cost center is partially funded through internal labor rates. | Equipment Services also receives business licensing revenue from performing inspections of taxi cabs. This revenue has declined dramatically in the past two years due to the popularity of ride sharing services such as Uber and Lyft. | Facilities Management is funded by an interfund allocation. | This fund also receives revenue from interest earned on the fund's cash balance. Cash Reserves Target 10% of Annual expenditures 133 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Central Services Capital Fund Number 224 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 50 40 - - - - - - Other Income 7,268 1,472 - - - - - - Interfund Transfers In 207,293 82,645 - - - - - - Total Revenue 214,611 84,157 - - - - - - Expenditures by Type Supplies 5,501 - - - - - - - - Services & Charges Repairs & Maintenance 15,267 17,143 - - - - - - - Debt Service Principal - 7,888 - - - - - - - Debt Service Interest & Fees - 603 - - - - - - - Total Services & Charges 15,267 25,634 - - - - - - - Capital 189,582 84,745 - - - - - - - Total Expenditures 210,349 110,378 - - - - - - - Net Surplus / (Deficit)4,262 (26,221) - - - - Beginning Cash Balance 21,921 26,221 - Cash Adjustments 38 - - Ending Cash Balance 26,221 - - - Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10339-14) to account for the capital expenditures of the Central Services Division. This fund received transfers from the Central Services Operating Fund (#222) to cover expenditures as needed. Historically, this fund accounted for the annual maintenance of the CNG stations and radio tower inspections and the debt service principal and interest budget is for the capital lease payments. However, this fund did not have any source of revenue other than the interfund transfers. Therefore, Central Services' capital expenditures will be accounted for in the Central Services Operating Fund (#222) starting in 2022 and this fund will be discontinued. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero 134 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Liability Insurance Fund Number 226 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 54,492 36,491 31,847 31,847 4,705 4,705 27,142 15% Other Income 1,626,433 84,555 2,000 2,000 2,341 2,341 (341) 117% Interfund Allocation Reimb 2,914,500 3,265,000 3,365,000 3,365,000 560,834 560,834 2,804,166 17% Interfund Transfers In 49,087 - - - - - - - Total Revenue 4,644,513 3,386,046 3,398,847 3,398,847 567,880 567,880 2,830,967 17% Expenditures by Division Safety/Risk Management 151,479 30,947 - - - - - - - Liability Insurance 761,414 1,188,510 1,230,000 1,230,000 62,994 50,548 113,542 1,116,458 9% Business Insurance 622,434 452,651 1,865,000 3,001,754 17,627 434,632 452,259 2,549,495 15% Workers' Compensation 1,211,428 1,531,310 1,268,000 1,268,000 219,692 49,000 268,692 999,308 21% Catastrophic Events 910,806 24,884 - 103,324 479 12,845 13,324 90,000 13% Total Expenditures 3,657,562 3,228,301 4,363,000 5,603,078 300,792 547,025 847,817 4,755,261 15% Expenditures by Type Personnel Salaries & Wages 116,402 - - - - - - - - Fringe Benefits 46,090 - - - - - - - - Other Personnel Costs 17,308 14,052 42,000 42,000 9,067 - 9,067 32,933 22% Total Personnel 179,800 14,052 42,000 42,000 9,067 - 9,067 32,933 22% Supplies 1,988 2,187 - - - - - - - Services & Charges Professional Services 420,313 334,849 1,001,000 1,237,754 7,423 483,632 491,055 746,700 40% Education & Training 6,285 2,000 - - - - - - - Travel 356 - - - - - - - - Repairs & Maintenance 2,119 4,286 - 900,000 - - - 900,000 0% Insurance 1,840,034 2,432,482 2,170,000 2,170,000 273,619 50,548 324,167 1,845,833 15% Other Services & Charges 218,415 391,938 1,150,000 1,150,000 10,204 - 10,204 1,139,796 1% Total Services & Charges 2,487,522 3,165,555 4,321,000 5,457,754 291,246 534,180 825,426 4,632,329 15% Capital 910,806 24,884 - 103,324 479 12,845 13,324 90,000 13% Interfund Interfund Allocations 77,446 21,624 - - - - - - - Total Interfund 77,446 21,624 - - - - - - - Total Expenditures 3,657,562 3,228,301 4,363,000 5,603,078 300,792 547,025 847,817 4,755,262 15% Net Surplus / (Deficit) 986,951 157,746 (964,153) (2,204,231) 267,088 (279,937) Beginning Cash Balance 4,961,426 5,956,858 6,100,867 Cash Adjustments 8,481 (13,737) - Ending Cash Balance 5,956,858 6,100,867 3,896,636 6,394,730 Cash Reserves Target 1,828,781 1,614,150 2,801,539 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Workers' Compensation expenses have increased in the past 18 months due to several large, unrelated injuries. The City continues to monitor the workers' compensation related accidents and provides training once an issue has been identified. There is also a considerable amount of proactive training which happens throughout the City in an effort to stop any workplace injuries. Capital expenditures in 2019 and 2020 were for repairs to City facilities and replacement of equipment related to 2018 flood damage. In 2021, all personnel costs previously budgeted in this fund were moved to the General Fund (#101). -- One full-time Paralegal position was transferred to the Legal Department's budget. This position is under the Legal Department but was historically budgeted in this fund because the position focuses on liability and workers' comp related matters. -- In 2020, there were two full-time positions budgeted for the Safety & Risk division. During 2020, one position was eliminated due to attrition. In 2021, the remaining position was transferred to Human Resources. The Safety & Risk division's supplies and services budget will be fully transferred to Human Resources in 2022. This fund was established in 1979 when the Common Council determined that the City should become self-insured for liability insurance (ordinance 6657-79). The purpose of this fund is to set aside monies, assessed on all operations and departments of the City, for the payment of any premium for outside coverage, claims arising from retained risk and all incidental costs associated with any claims including, but not limited to, investigative and legal fees. Currently, this fund handles operations relating to business insurance and claims--property, liability, workers compensation, etc. This fund is managed by the Department of Administration & Finance. This fund receives revenue from a fixed cost interfund allocation charged to other City funds. The amount charged to each fund is determined during the annual budget process. Various methodologies are used to effectively and fairly allocate costs. Liability and worker's compensation costs are allocated based on two-year claims history for each department. Business insurance costs are allocated based on net book value of departments' capital assets (per the City's Annual Comprehensive Financial Report). When this fund has sufficient reserves, allocations to departments may decrease. Reimbursements from insurance claims are also received in this fund. Cash Reserves Target 50% of Annual expenditures 135 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name IT / Innovation / 311 Call Center Fund Number 279 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Allocation Reimb 6,656,930 9,129,846 9,620,204 9,620,204 1,603,367 1,603,367 8,016,837 17% Charges for Services 111,796 47,379 - - - - - - Debt Proceeds - 900,928 - - - - - - Other Income 53,757 111,836 64,525 64,525 12,735 12,735 51,790 20% Donations - 15,000 - - 181,987 181,987 (181,987) - Interest Earnings 21,431 14,598 5,000 5,000 2,676 2,676 2,324 54% Total Revenue 6,843,915 10,219,588 9,689,729 9,689,729 1,800,765 1,800,765 7,888,964 19% Expenditures by Division 311 Call Center 551,515 567,939 683,948 683,955 92,881 2,867 95,748 588,207 14% Innovation & Technology 7,324,325 8,264,034 9,015,101 9,959,289 1,562,833 1,926,031 3,488,864 6,470,425 35% Total Expenditures 7,875,840 8,831,973 9,699,049 10,643,243 1,655,714 1,928,898 3,584,612 7,058,632 34% Expenditures by Type Personnel Salaries & Wages 1,844,342 1,908,602 2,170,830 2,170,830 301,692 - 301,692 1,869,138 14% Fringe Benefits 708,812 704,230 874,276 874,276 119,673 - 119,673 754,603 14% Total Personnel 2,553,154 2,612,832 3,045,106 3,045,106 421,365 - 421,365 2,623,741 14% Supplies 130,511 714,903 193,850 311,271 31,510 409,827 441,338 (130,067) 142% Services & Charges Professional Services 1,058,605 510,586 410,500 1,131,874 13,327 724,510 737,837 394,037 65% Printing & Advertising 1,005 3,277 5,150 5,150 - - - 5,150 0% Repairs & Maintenance 3,021,127 3,646,311 4,635,738 4,737,849 980,808 783,391 1,764,199 2,973,650 37% Education & Training 9,162 33,654 57,900 58,188 2,646 5,510 8,156 50,032 14% Travel 7,385 161 27,110 30,110 2,605 5,660 8,265 21,845 27% Other Services & Charges 422,383 292,472 193,824 193,824 41,258 - 41,258 152,566 21% Debt Service Principal 606,922 966,528 1,063,402 1,062,875 154,846 - 154,846 908,029 15% Debt Service Interest & Fees 59,675 50,358 65,816 66,343 7,239 - 7,239 59,104 11% Total Services & Charges 5,186,263 5,503,347 6,459,440 7,286,213 1,202,730 1,519,070 2,721,801 4,564,413 37% Operating Expenditures 7,869,929 8,831,082 9,698,396 10,642,590 1,655,605 1,928,898 3,584,503 7,058,087 34% Interfund Allocations 5,911 891 653 653 109 - 109 544 17% Total Expenditures 7,875,840 8,831,973 9,699,049 10,643,243 1,655,714 1,928,898 3,584,612 7,058,631 34% Net Surplus / (Deficit) (1,031,925) 1,387,615 (9,320) (953,514) 145,052 (1,783,846) Beginning Cash Balance 3,108,342 2,125,192 3,482,865 Cash Adjustments 48,775 (29,942) - Ending Cash Balance 2,125,192 3,482,865 2,529,351 3,740,295 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established to account for the expenditures of the Department of Innovation & Technology, which includes the 311 Call Center, Services, Infrastructure, Business Analytics, Applications, and Civic Innovation. The Department of Innovation & Technology's goal is to empower an innovative workforce and a thriving community through technology, data, and strategic partnerships. The functions within the department include: The 311 Call Center handles resident telephone calls in an efficient and effective manner. It provides residents with a "one-stop" shop to contact city departments with inquiries and service requests. | Services focuses on internal technology-related services for the employees of the City of South Bend. Daily general operations and user experience fall under this division. | Applications oversees architecting, implementing, configuring, integrating, and supporting all software applications and platforms. This includes the employee intranet, the 311 Service Portal, our CRM solution, GIS mapping, and many applications specialized for departments and divisions. | Infrastructure oversees the Network Infrastructure within the City of South Bend, which is comprised of the hardware, software and security resources of an entire network. The infrastructure team plans new deployments, maintains all technology infrastructure inclusive of servers, network devices, wireless network devices, cloud environments, data center, and security; ensuring availability, capacity, and continuity. | Business Analytics acts as liaisons between City departments and the rest of the Dept of Innovation and Technology team and provides additional resources to City departments for selected projects. Business Analytics team members provide services including business needs assessments, process mapping and improvement, performance management, data and technology training, data analytics, and project management. | Civic Innovation works with City and community partners to improve residents’ access to technology and digital literacy. The division connects residents and groups with the technology resources they need to succeed by leveraging connections both internal and external connections. Personnel - The personnel budget in this fund includes the wages and benefits of 24 full-time employees for Information Technology and 8 full-time employees for the 311 Call Center, along with a budget for part-time help at the 311 Call Center. In 2022, two positions will be added: one additional Applications Developer and one additional 311 Customer Service Liaison. See the personnel budget summary for details. | Supplies - The supplies budget includes miscellaneous computer supplies and accessories, along with devices that are not part of the hardware refresh plan. | Services - The repairs & maintenance budget includes annual software subscription and renewal costs. The professional services budget includes software support and special projects like the SBAcademy. SBAcademy, the City’s training program, has trained employees in novel techniques that enable process improvements and other innovations that will continue to make government more efficient. | Debt Service - The principal and interest expense budget is for lease payments for various hardware refresh plans. A hardware refresh means replacing current hardware with the newest version of the equipment to combat performance and capacity issues. The City leases equipment, such as computers and printers, over a period of 3-5 years. At the end of the lease, the City has the option to return the equipment to the vendor and get new equipment. The refresh program ensures that City employees are equipped with the most current technology to better serve the City and its residents. This fund receives revenue in the form of a fixed cost interfund allocation. The annual budget for this fund is allocated between the City departments based on various criteria including number of 311 calls, number of devices, number of user licenses, departmental specific software renewal, and more. This fund does not need to carry high cash reserves because its budget is fully allocated each year. Cash Reserves Target No reserve requirement 136 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Self-Funded Employee Benefits Fund Number 711 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 15,885,258 15,742,095 16,181,440 16,181,440 2,680,856 2,680,856 13,500,584 17% Other Income 373,523 1,438,628 385,000 385,000 335,292 335,292 49,708 87% Interest Earnings 89,646 62,791 58,809 58,809 8,334 8,334 50,475 14% Total Revenue 16,348,427 17,243,514 16,625,249 16,625,249 3,024,482 3,024,482 13,600,767 18% Expenditures by Subdivision Health Insurance 14,472,911 15,509,012 17,121,703 17,129,426 2,601,511 - 2,601,511 14,527,915 15% Workplace Wellness Clinic 996,006 1,003,588 1,169,308 1,169,308 11,208 - 11,208 1,158,100 1% Employee Wellness 76,048 89,896 99,974 101,130 6,399 59,759 66,158 34,972 65% Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 2,619,118 59,759 2,678,877 15,720,987 15% Expenditures by Type Personnel Other Personnel Costs 13,740,971 14,681,353 16,308,759 16,309,915 2,479,448 59,759 2,539,206 13,770,709 16% Total Personnel 13,740,971 14,681,353 16,308,759 16,309,915 2,479,448 59,759 2,539,206 13,770,709 16% Supplies 131,045 110,297 150,000 150,000 4,645 - 4,645 145,355 3% Services & Charges Professional Services 1,083,611 1,063,335 1,198,308 1,205,031 32,059 - 32,059 1,172,972 3% Printing & Advertising - - 100 100 - - - 100 0% Insurance 587,028 737,651 732,318 732,318 102,788 - 102,788 629,530 14% Other Services & Charges 2,309 3,194 1,500 2,500 178 - 178 2,322 7% Total Services & Charges 1,672,948 1,804,180 1,932,226 1,939,949 135,025 - 135,025 1,804,924 7% Interfund Transfers Out - 6,667 - - - - - - - Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 2,619,118 59,759 2,678,877 15,720,988 15% Net Surplus / (Deficit) 803,462 641,018 (1,765,736) (1,774,615) 405,365 345,606 Beginning Cash Balance 9,277,319 10,143,060 10,786,414 Cash Adjustments 62,279 2,336 - Ending Cash Balance 10,143,060 10,786,414 9,011,799 11,199,079 Cash Reserves Target 3,886,241 4,150,624 4,599,966 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: An Employee Wellness Center was opened on January 18, 2016, which was set in place with the understanding that the City should see a drop in claims expenses over time. During the 2019 budget process, it was determined that this fund was overfunded from prior years due to lower than anticipated costs. Therefore, in 2019, the City gave a one-time break in the health insurance cost per employee charged to departments. Claims are forecasted to increase 5% year over year. The City will continue to closely monitor this fund to ensure the premiums charged to employees and departments remains affordable while allowing the City to maintain excellent benefits for employees. This fund was established in 1983 when the Common Council determined that the City should become self-insured for employee health insurance (ordinance 7161-83). The purpose of this fund is to set aside monies assessed from City departments and monies collected from employees to be expended on insurance and claims relating to employees, including medical, dental, life, flex spending, etc. The City of South Bend is self-insured - it pays medical, dental, and vision claims directly, as opposed to paying an insurance company to pay the claims. Revenues for this fund come from individual departments based on the number of employees taking health insurance based on a per employee rate as set by the Controller's Office on an annual basis, as well as from employee and public safety retiree health insurance premiums. Cash Reserves Target 25% of Annual expenditures 137 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Unemployment Compensation Fund Number 713 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 6,899 22,056 105,517 105,517 13,611 13,611 91,906 13% Interest Earnings 1,187 69 209 209 2 2 207 1% Other Income - 74,683 - - - - - - Interfund Transfers In - 6,667 - - - - - - Total Revenue 8,087 103,474 105,726 105,726 13,613 13,613 92,113 13% Expenditures by Type Personnel Other Personnel Costs 157,449 75,914 80,000 80,000 2,236 - 2,236 77,764 3% Total Expenditures 157,449 75,914 80,000 80,000 2,236 - 2,236 77,764 3% Net Surplus / (Deficit) (149,363) 27,560 25,726 25,726 11,377 11,377 Beginning Cash Balance 180,911 31,859 - Cash Adjustments 310 (59,419) - Ending Cash Balance 31,859 - 25,726 13,613 Cash Reserves Target 39,362 18,979 20,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2011 (ordinance 10059-10) to account for the City’s payment of unemployment claims and outplacement services on behalf of all departments. Prior to the establishment of this fund, claims were accounted for under individual departments’ operations. This fund receives revenue from an allocation charged to departments through payroll as a percent of full-time wages. During the annual budget process, the Department of Administration & Finance reviews the allocation percentage. When this fund’s cash reserves increase due to lower than anticipated claims, the allocation percentage will be decreased. As cash reserves fall below levels sufficient to support anticipated claims, the allocation percentage will be increased. In November 2016, the charge was suspended due to the fund's high cash reserves In 2020, the allocation to departments was resumed at 0.01% of full-time wages and will increase slightly each year in order to cover unemployment claims. All unemployment claims and outplacement services for all departments are paid through this fund. Claims had remained fairly low in recent years, but in 2020 claims increased substantially due to the COVID-19 pandemic. Cash Reserves Target 25% of Annual expenditures 138 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Parental Leave Fund Number 714 Fund Type Internal Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 244,090 248,401 257,209 257,209 39,311 39,311 217,898 15% Interest Earnings 751 1,125 1,494 1,494 177 177 1,317 12% Total Revenue 244,841 249,526 258,703 258,703 39,488 39,488 219,215 15% Expenditures by Type Personnel Salaries & Wages 119,938 180,337 253,846 253,846 15,859 - 15,859 237,987 6% Total Expenditures 119,938 180,337 253,846 253,846 15,859 - 15,859 237,987 6% Net Surplus / (Deficit) 124,903 69,189 4,857 4,857 23,629 23,629 Beginning Cash Balance 32,563 157,521 226,711 Cash Adjustments 56 - - Ending Cash Balance 157,521 226,711 231,568 250,339 Cash Reserves Target 9,595 14,427 20,308 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Beginning in 2018, the City offers a Parental Leave Program to its employees to provide additional paid time off for employees for the birth or adoption of a child. The Parental Leave Program was developed based on the models of other progressive, best-in-class employers. The program is funded by an allocation to departments charged through payroll as a percent of full-time wages. During the annual budget process, the Department of Administration & Finance reviews the allocation percentage. This allocation will be increased or decreased based on the financial needs of the program and the performance of the fund. In 2022, the allocation will be 0.35% of full-time wages. The program was well-received and continues to grow. Based on historical program participation, expenditures are budgeted at 40 births x 240 hours off of work x the average hourly wage. Cash Reserves Target 8% of Annual expenditures - one month reserve 139 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Rainy Day Fund Number 102 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 94,111 64,091 99,340 99,340 8,401 8,401 90,939 8% Total Revenue 94,111 64,091 99,340 99,340 8,401 8,401 90,939 8% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)94,111 64,091 99,340 99,340 8,401 8,401 Beginning Cash Balance 10,733,474 10,845,986 10,910,077 Cash Adjustments 18,401 - - Ending Cash Balance 10,845,986 10,910,077 11,009,417 10,918,479 Cash Reserves Target 8,998,791 8,206,983 8,717,131 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9509-04) in order to set aside monies which can be used to meet unanticipated expenses that cannot be funded from existing appropriations, to meet cash flow needs between biannual distribution of property tax receipts and other periodic distributions, for bridging a gap caused by an unexpected revenue shortfall or significant delay in receiving revenue, and for any other City purpose or need consistent with or permitted by state law. This fund can be used for mid-year or year-end advances to other funds that have cash shortages and the advances must be paid back within six months. The establishment of a Rainy Day Fund is looked upon favorably by bond rating agencies and is one of the factors resulting in South Bend's good AA bond rating with Standard & Poor's. The cash reserve requirement for this fund is 3% of prior year operational expenditures in Civil City funds, excluding interfund transfers. The City can elect to transfer unused or unencumbered funds to this fund per IC 36-1-8-5.1. Every so often, this fund receives certain "catch up" distributions of local income tax monies from the State of Indiana that are required to be deposited into this fund. During 2016, a total of 25% of the special local income tax distribution approved by the Indiana General Assembly, or $1,405,850, was deposited into the Rainy Day Fund as allowed under the statute. On an ongoing basis, this fund receives revenue from interest earned on the fund’s cash balance. No expenditures are budgeted at this time. The most recent activity was an interfund loan to four other funds during 2011. 3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers Cash Reserves Target 140 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Gift, Donation, Bequest Fund Number 217 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 7,284 6,884 3,270 3,270 773 773 2,497 24% Bloomberg Mayors Challenge 404,000 322,000 - - - - - - Human Rights Scholarship Prog.8,370 - 18,000 18,000 - - 18,000 0% AEP Grant (Office of Sustainab.)41,000 - - - - - - - Historic Preservation 196 2,009 - - 13 13 (13) - Milton Trust Energy Grant 100,000 - - - - - - - Code Enforcement Demolitions 55,000 - - - - - - - Animal Resource Center Donations 49,603 47,599 35,000 35,000 6,183 6,183 28,817 18% Pokagon Band Donation 100,000 100,000 - - 100,000 100,000 (100,000) - Total Revenue 765,453 478,492 56,270 56,270 106,969 106,969 (50,699) 190% Expenditures by Project Wayfinding Signage Project 56,258 33,500 - - - - - - - Bloomberg Mayors Challenge 313,871 323,775 322,506 477,704 23,079 217,119 240,198 237,506 50% Human Rights Scholarship Prog.6,655 - 14,000 14,000 - - - 14,000 0% Historic Preservation Commiss.- - 1,000 1,000 - - - 1,000 0% Bike Signage - - 2,500 2,500 - - - 2,500 0% Electric Vehicle Charging Station - - 41,000 41,000 - - - 41,000 0% Milton Trust Energy Grant 61,608 118,377 - 11,460 - 11,460 11,460 - 100% Animal Resource Center 14,902 2,910 50,000 50,000 - - - 50,000 0% Code Enforcement Demolitions - 2,863 - 52,625 44,425 8,200 52,625 - 100% Pokagon Band Donation - - - - - - - - - Total Expenditures 453,294 481,425 431,006 650,289 67,504 236,779 304,283 346,006 47% Expenditures by Type Supplies - - 43,500 43,500 - - - 43,500 0% Services & Charges Professional Services 382,631 360,185 372,506 527,704 23,079 217,119 240,198 287,506 46% Printing & Advertising 6,650 - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 64,008 118,377 - 11,460 - 11,460 11,460 - 100% Grants & Subsidies - - 9,000 9,000 - - - 9,000 0% Other Services & Charges 5 2,863 - 52,625 44,425 8,200 52,625 - 100% Total Services & Charges 453,294 481,425 387,506 606,789 67,504 236,779 304,283 302,506 50% Total Expenditures 453,294 481,425 431,006 650,289 67,504 236,779 304,283 346,006 47% Net Surplus / (Deficit) 312,160 (2,933) (374,736) (594,019) 39,465 (197,315) Beginning Cash Balance 668,273 981,455 978,522 Cash Adjustments 1,022 - - Ending Cash Balance 981,455 978,522 384,503 1,021,889 Cash Reserves Target - - - Fund Purpose: Explanation of Donation Sources and Uses: This fund was established (ordinance 9870-08) to receive monies donated, given, and/or bequeathed to the City by private, non-governmental persons. Most donations, gifts, or bequests have a specific purpose designated by the donor. By accounting for the monies in this separate fund, the City can better track the expense of the monies and ensure that they are spent according to the designated purpose. Judith Westfall Irrevocable Trust - In 2017, the South Bend Animal Resource Center (SBARC) started receiving an annual donation of approximately $22,300 from the Judith Westfall Irrevocable Trust. They anticipate receiving annual contributions through 2/24/2023. Pokagon Band (2019-2022) - the City received a $100,000 annual donation from the Pokagon Band of the Potawatomi to be used towards the Bowman Creek Project Milton Trust Energy Grant - In 2019, the City's AmeriCorps program received $125,000 from the Robert & Clara Milton Charitable Trust Foundation. This private grant is to be used for the South Bend Green Corps Senior Home Energy Improvements. The South Bend Green Corps Senior Home Energy Improvements program assists seniors 65 years and older with home repairs. Bloomberg Mayor's Challenge Award (2019-2022) - The City of South Bend is developing a transportation-as-a-benefit program, partnering with local employers to provide free or subsidized transportation to/from work for low-wage shift workers who are transport insecure. Goals include reducing employee turnover, increasing productivity, and increasing resident access to employment, all of which will in turn strengthen the local economy. Of this grant, 62% of funds are allocated to personnel who will design, implement and manage the program and develop a self-sustaining model. 17% of funds are allocated to covering costs of participant transportation; the 3-year period we will transition from program-funded transportation to employer/employee-funded transportation. 18% of costs are allocated to operational/technical partners to develop and manage infrastructure (data management, participant enrollment, etc.). 3% of costs are allocated to media/communications to support employer recruitment, participant enrollment, and public messaging. 1% of costs are allocated to travel/events; it’s estimated that key program personnel will travel 1x for program research and 2x to relevant industry conferences and that the program will host 3 major events to recruit new partners/participants for the program. At the end of the 3-year period, it is expected the city will have developed a sustainable, replicable model for a transportation-as-a- benefit program which will continue to scale across the South Bend region and other similar geographies Cash Reserves Target No reserve requirement 141 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Loss Recovery Fund Number 227 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 5,076 2,515 3,769 3,769 319 319 3,450 8% Total Revenue 5,076 2,515 3,769 3,769 319 319 3,450 8% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges 130,370 69,630 - - - - - - - Total Expenditures 130,370 69,630 - - - - - - - Net Surplus / (Deficit)(125,295) (67,115) 3,769 3,769 319 319 Beginning Cash Balance 605,471 481,214 414,099 Cash Adjustments 1,038 - - Ending Cash Balance 481,214 414,099 417,868 414,418 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9890-08) to account for compensatory or exemplary damage payments from third parties arising from loss or damage to City tangible or intangible property. The monies deposited into this fund shall be used for costs arising from the covered loss including repair or replacement of tangible property, administrative costs of obtaining loss recovery, enhancement or improvement of City services related to the loss, with any excess to be applied to any reasonable purpose beneficial to the City. This fund was established in 2008 with the recovery of monies from lawsuits brought about by environmental actions on the Studebaker and Oliver industrial sites. The fund continues to receive, intermittently, monies from similar settlements. On an ongoing basis, this fund only receives revenue from interest earned on the fund's cash balance. The fund has been used for capital projects related to environmental cleanup. In 2019, this fund was used to fund legal professional services related to environmental issues and granular activated carbon reconditioning. Cash Reserves Target No reserve requirement 142 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Human Rights Federal Grants Fund Number 258 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 167,100 162,140 68,200 68,200 2,500 2,500 65,700 4% Charges for Services 8,500 10,833 85,000 85,000 1,667 1,667 83,333 2% Interest Earnings 1,540 2,417 - - 326 326 (326) - Other Income - - 2,050 2,050 - - 2,050 0% Total Revenue 177,140 175,390 155,250 155,250 4,493 4,493 150,757 3% Expenditures by Subdivision General 19,061 9,928 3,000 9,000 760 6,000 6,760 2,240 75% EEOC 100,391 98,139 124,371 126,038 15,371 18,333 33,704 92,334 27% HUD 93,473 126,938 113,745 113,745 13,911 - 13,911 99,834 12% Total Expenditures 212,926 235,005 241,116 248,783 30,041 24,333 54,375 194,408 22% Expenditures by Type Personnel Salaries & Wages 124,770 125,084 128,156 128,156 19,619 - 19,619 108,537 15% Fringe Benefits 38,541 38,636 52,160 52,160 6,329 - 6,329 45,831 12% Total Personnel 163,311 163,721 180,316 180,316 25,948 - 25,948 154,368 14% Supplies 1,724 3,864 2,000 2,000 - - - 2,000 0% Services & Charges Professional Services 24,667 18,333 27,800 31,467 3,333 18,333 21,667 9,800 69% Printing & Advertising 16,215 11,878 6,000 12,000 760 6,000 6,760 5,240 56% Education & Training 5,960 5,178 6,000 4,000 - - - 4,000 0% Travel - - 17,800 17,800 - - - 17,800 0% Other Services & Charges 1,049 32,032 1,200 1,200 - - - 1,200 0% Total Services & Charges 47,891 67,420 58,800 66,467 4,093 24,333 28,426 38,040 43% Interfund Transfers Out - - - - - - - - - Total Expenditures 212,926 235,005 241,116 248,783 30,041 24,333 54,375 194,408 22% Net Surplus / (Deficit) (35,786) (59,614) (85,866) (93,533) (25,549) (49,882) Beginning Cash Balance 521,051 486,159 426,544 Cash Adjustments 893 - - Ending Cash Balance 486,159 426,544 333,012 401,046 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero This fund tracks the portion of the Human Rights division that is funded by the federal government. This fund is funded by federal grants, including grants from the Department of Housing & Urban Development (HUD) and the Equal Employment Opportunity Commission (EEOC). This fund also receives revenue from staff contracts. Expenditures are for the wages and benefits of two (2) full-time employees (Manager-Employment and Manager-Housing) and for supplies and services for the Human Rights Commission's activities related to fair housing and equal opportunity employment in St. Joseph County. Other staff and general expenditures for the Human Rights Commission are accounted for in the General Fund #101. 143 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name American Rescue Plan Fund Number 263 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - 29,455,024 29,455,024 29,455,024 - - 29,455,024 0% Interest Earnings - 81,618 - - 22,376 22,376 (22,376) - Total Revenue - 29,536,642 29,455,024 29,455,024 22,376 22,376 29,432,648 0% Expenditures by Type Personnel Salaries & Wages - - - 1,910,000 1,887,420 - 1,887,420 22,580 99% Total Personnel - - - 1,910,000 1,887,420 - 1,887,420 22,580 99% Services & Charges Grants & Subsidies - - - 500,000 - - - 500,000 0% Other Services & Charges - - - - 1,270 - 1,270 (1,270) - Total Services & Charges - - - 500,000 1,270 - 1,270 498,730 0% Capital - - 10,100,000 11,100,000 - 178,200 178,200 10,921,800 2% Total Expenditures - - 10,100,000 13,510,000 1,888,690 178,200 2,066,890 11,443,110 15% Net Surplus / (Deficit)- 29,536,642 19,355,024 15,945,024 (1,866,314) (2,044,514) Beginning Cash Balance - - 29,536,642 Cash Adjustments - - - Ending Cash Balance - 29,536,642 45,481,666 27,670,328 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero The City's total award amount is $58,910,047, with half of it received in 2021 and the other half to be received in 2022. This fund also receives revenue from interest earned on the fund's cash balance. ARP Premium Pay: In 2022, the Common Council appropriated $1.91 million for COVID premium pay to essential employees including police officers, firefighters, teamsters, and certain non-bargainging employees for qualify for premium pay under the rules and regulations of the ARP Act. | Vacant Building Development Financing: $500,000 is budgeted in this fund and $1.5 million in the General Fund #101 to support small-scale and mission-based developers enter into areas of the City where it is difficult to obtain traditional financing. This fund will act as a credit enhancement (“loan loss reserve fund”) for these developers for targeted projects that revitalize large, vacant buildings and/or make a commercial investment in the corridors. | Dream Center: The City is proposing to fund an $11.1 million renovation and upgrade to the Martin Luther King Jr. Center. The new facility will be called the Dream Center at Martin Luther King Jr. Park. This new, world-class, intergenerational community center will be developed in conjunction with the community, and community feedback will play a large role in deciding what facilities and programming are built at the Dream Center. This fund was established in 2021 to track the receipt and expenditure of the funds from the American Rescue Plan Act. Signed into law on March 11, 2021, the American Rescue Plan Act of 2021 (“ARP Act”) is a $1.9 trillion economic stimulus bill designed to facilitate recovery from the economic and health effects of the COVID-19 pandemic and the resulting, ongoing recession. As a part of this legislation, Congress allocated $350 billion to state, local, territorial and Tribal governments to respond to the pandemic, provide economic relief, and lay the foundation for a strong and equitable recovery. The City of South Bend was one of almost 1,200 Metropolitan Cities across the country that received a direct infusion of resources as a result of this Act. The City’s allocation totaled $58,910,047 (the “ARP Funds”). On March 18, 2021, the Indiana State Board of Accounts issued State Examiner Directive 2021-1, which prescribes the accounting procedures for federal assistance received through the ARP Act, and on May 17, 2021, the United States Department of the Treasury published an interim final rule to describe the requirements on implementing the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the ARP Act. Both the state and the federal directives recommend the creation of a formal spending plan for the ARP Funds. In its guidance, the Department of the Treasury outlined four funding objectives for the ARP Funds. In developing its own plan for spending, the City of South Bend further grouped these four objectives into two main categories of spending: Response & Relief • Support urgent COVID-19 response efforts • Support immediate economic stabilization for households and businesses Equitable Recovery • Replace lost revenue for eligible state, local, territorial, and Tribal governments • Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic Spending allocated for “Response and Relief” is intended to provide direct, rapid relief to residents and businesses who have experienced economic or health-related harms related to the pandemic. Spending allocated for “Equitable Recovery” is intended to rebuild a more equitable economy and community by addressing systemic challenges that have been present in our community for decades. In Sections 602(c)(1) and 603(c)(1) of ARPA, Congress provided four eligible uses of funds: a) To respond to the public health emergency or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality; b) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers; c) For the provision of government services to the extent of the reduction in revenue due to the COVID–19 public health emergency relative to revenues collected in the most recent full fiscal year prior to the emergency; and d) To make necessary investments in water, sewer, or broadband infrastructure 144 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name COVID-19 Response Fund Number 264 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 5,086,138 1,490,275 - 790,735 57,024 57,024 733,711 7% Other Income - 5,000 - - - - - - Interfund Transfers In 1,000,000 1,448,093 - - - - - - Total Revenue 6,086,138 2,943,368 - 790,735 57,024 57,024 733,711 7% Expenditures by Activity Mayor's Office 11,344 - - - - - - - - Common Couuncil 5,010 - - - - - - - - Administration & Finance 34,700 1,000,100 - - - - - - - Public Works 39,150 (96) - - - - - - - Innovation & Technology 6,406 750 - - - - - - - Police Department 1,631,779 28,830 - - - - - - - Fire Department 1,816,511 1,180 - - - - - - - Community Investment 2,355,704 1,959,874 - 790,735 98,304 894,185 992,489 (201,754) 126% Venues, Parks & Arts 127,466 5,595 - - - - - - - Code Enforcement 4,339 - - - - - - - - Building Department 863 - - - - - - - - Total Expenditures 6,033,275 2,996,232 - 790,735 98,304 894,185 992,489 (201,754) 126% Expenditures by Type Supplies 252,665 18,318 - - - - - - - Services & Charges Professional Services 7,058 - - - - - - - - Printing & Advertising 19,717 - - - - - - - - Repairs & Maintenance 2,016 - - - - - - - - Grants & Subsidies 2,349,076 1,959,664 - 790,735 98,304 894,185 992,489 (201,754) 126% Other Services & Charges 54,452 18,250 - - - - - - - Total Services & Charges 2,432,318 1,977,914 - 790,735 98,304 894,185 992,489 (201,754) 126% Interfund Transfers Out 3,348,292 1,000,000 - - - - - - - Total Expenditures 6,033,275 2,996,232 - 790,735 98,304 894,185 992,489 (201,754) 126% Net Surplus / (Deficit) 52,864 (52,864) - - (41,280) (935,465) Beginning Cash Balance - 53,214 - Cash Adjustments 350 (350) - Ending Cash Balance 53,214 - - (41,280) Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero This fund was established in 2020 to track the costs associated with the City's response to the COVID-19 coronavirus pandemic. This fund will receive grants including funds from the Federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Housing and Urban Development (HUD), Community Development Block Grant (CDBG), and Emergency Solutions Grant (ESG). Expenditures are related to various activities such as funding for quarantine sites, public health communications, personal protective equipment (PPE), cleaning/sanitizing supplies, and lost wages. In 2020 the U.S. Department of Housing and Urban Development (HUD) awarded special allocations of Community Development Block Grant (CDBG) and Emergency Solutions Grant (ESG) program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) as part of the CARES Act. The CDBG funds are aimed at community and economic development, and ESG funds are aimed at aiding individuals and families who are homeless or receiving homeless assistance and to support additional homeless assistance and homelessness prevention activities. The 2020 awards include $1,491,174 CDBG-CV1, $759,783 ESG-CV1, and $787,585 ESG-CV2. These funds are required to be spent by July 2022. If any additional special allocations are awarded to the City, they will be accounted for in this fund. 145 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Local Income Tax - Certified Shares Fund Number 404 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 13,764,809 13,334,937 9,021,120 9,021,120 1,488,931 1,488,931 7,532,189 17% Interest Earnings 111,181 87,126 110,950 110,950 11,975 11,975 98,975 11% Debt Proceeds 2,262,160 1,598,000 1,462,000 1,462,000 - - 1,462,000 0% Other Income 361,924 246,998 32,000 32,000 6,000 6,000 26,000 19% Interfund Transfers In - 147,786 383,028 383,028 63,838 63,838 319,190 17% Total Revenue 16,500,074 15,414,847 11,009,098 11,009,098 1,570,743 1,570,743 9,438,354 14% Expenditures by Activity General City 2,263,417 3,173,836 1,185,625 1,459,152 571,170 458,797 1,029,967 429,185 71% Legal Dept 3,441 2,527 15,000 15,000 - - - 15,000 0% Information Technology 1,579,347 28,098 80,000 151,500 2,138 69,362 71,500 80,000 47% Police Department 2,136,734 1,826,705 2,952,548 6,003,350 932,215 2,687,378 3,619,593 2,383,757 60% Vacant & Abandoned Houses 232,822 185,684 - 400,390 26,068 374,322 400,390 - 100% Community Investment 357,659 25,880 - 798,629 12,244 781,330 793,574 5,055 99% Parks & Recreation 1,778,605 1,596,732 956,850 1,235,925 449,580 138,388 587,969 647,956 48% Morris Performing Arts Center - 1,800,000 - - - - - - - Light Up South Bend 88,137 146,590 260,000 394,924 2,325 132,894 135,219 259,705 34% Streets 2,899,656 - 3,750,000 3,755,179 625,000 5,179 630,179 3,125,000 17% Curb & Sidewalk 1,500,000 1,500,000 1,500,000 1,500,000 250,000 - 250,000 1,250,000 17% Traffic Signals & Street Lighting 1,501,835 1,401,657 1,467,536 1,467,536 234,930 - 234,930 1,232,606 16% Total Expenditures 14,341,653 11,687,709 12,167,559 17,181,584 3,105,670 4,647,650 7,753,320 9,428,264 45% Expenditures by Type Supplies 92,245 145,595 200,000 334,924 2,325 132,599 134,924 200,000 40% Services & Charges Professional Services 1,681,956 35,065 155,000 359,073 5,427 175,676 181,103 177,970 50% Printing & Advertising 500 24,785 - - - - - - - Utilities 1,501,835 1,401,657 1,467,536 1,467,536 234,930 - 234,930 1,232,606 16% Repairs & Maintenance 756,305 565,186 610,000 890,520 230,070 284,520 514,590 375,930 58% Grants & Subsidies 397,553 340,711 341,129 1,016,129 134,032 882,097 1,016,129 - 100% Other Services & Charges 1,292,054 1,086,776 1,102,449 1,647,525 657,943 379,050 1,036,993 610,532 63% Debt Service Principal 1,364,172 1,631,258 1,379,062 1,379,062 550,035 - 550,035 829,027 40% Debt Service Interest & Fees 59,809 53,009 71,486 71,486 18,756 - 18,756 52,730 26% Total Services & Charges 7,054,183 5,138,446 5,126,662 6,831,332 1,831,193 1,721,343 3,552,536 3,278,795 52% Capital 825,101 123,519 1,462,000 4,636,431 375,668 2,793,708 3,169,376 1,467,055 68% Interfund Interfund Allocations 8,633 9,753 9,676 9,676 1,613 - 1,613 8,063 17% Interfund Transfers Out 6,361,491 6,270,396 5,369,221 5,369,221 894,871 - 894,871 4,474,350 17% Total Interfund 6,370,124 6,280,149 5,378,897 5,378,897 896,484 - 896,484 4,482,413 17% Total Expenditures 14,341,653 11,687,709 12,167,559 17,181,584 3,105,670 4,647,650 7,753,320 9,428,263 45% Net Surplus / (Deficit) 2,158,421 3,727,138 (1,158,461) (6,172,486) (1,534,927) (6,182,577) Beginning Cash Balance 12,724,697 14,902,237 18,631,245 Cash Adjustments 19,120 1,870 - Ending Cash Balance 14,902,237 18,631,245 12,458,759 17,438,356 Cash Reserves Target 7,170,827 5,843,854 8,590,792 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Funds are used for debt service payments for police cars & equipment, certain organizations' grants and operational subsidies, capital expenditures, and other uses as deemed by the Mayor and Council. | In 2022, the interfund transfer to the Motor Vehicle Highway Fund (#202) is $3.75 million for street paving & patching and $1.5 million for the curb & sidewalk program. | The City replaced its 20+ year-old accounting software system. The implementation lasted 18 months, cost about $3 million, and went live on May 1, 2020. An ongoing software support contract is budgeted at $80k a year. | In 2021, Dept of Community Investment (DCI) activities formerly paid out of this fund were moved into Fund #408 in order to consolidate DCI expenditures. | The City continues to budget funding for the demolition of vacant & abandoned houses, budgeted in Fund #101 for 2022. | The Dept of Public Works manages the Light Up South Bend program - a partnership with Indiana/Michigan Power Co. to install additional street lights in neighborhoods throughout South Bend. The Lamppost Lighting Program is meant to improve safety by adding more street lighting throughout South Bend. The City selected two areas where residents pay less for a lamppost. They were chosen based on income, number of vacant lots, and need for lighting in the neighborhood. | This fund also provides operating subsidies to the Studebaker Museum and the South Bend Museum of Art. | Police patrol cars are purchased through 5-year capital leases. The debt service principal and interest payments are paid by this fund. This fund receives the Certified Shares portion of the City's Local Income Tax (LIT) revenue distribution. Local income tax revenue is determined annually by the Indiana Dept of Local Government Finance (DLGF). In 2021, the St. Joseph County Council passed a resolution to amend the local income tax rate and dedicate a portion of the certified shares income tax to fund the consolidated county-wide 911 call center called PSAP (Public Safety Answering Point). As a result, the City's certified shares distribution will be reduced going forward, starting in 2022. Previously, the City paid for its portion of the operating costs for PSAP out of the Local Income Tax Economic Development Fund (#408). Other Income is principal from an interfund loan (debt schedule #82) being repaid by the UDAG Fund (#410). This fund also receives revenue from interest earned on the fund's cash balance. Cash Reserves Target 50% of Annual expenditures This fund was established to account for the receipt of the certified shares component of the local income tax. Funds are used to items such as debt service payments, certain organizations’ grants and operational subsidies, capital expenditures and other uses as deemed by the Mayor and Council. 146 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Cumulative Capital Development Fund Number 406 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 433,812 469,124 473,780 473,780 - - 473,780 0% Intergov./ Shared Revenues 40,795 41,568 38,648 38,648 - - 38,648 0% Interest Earnings 765 928 1,995 1,995 213 213 1,782 11% Total Revenue 475,372 511,620 514,423 514,423 213 213 514,210 0% Expenditures by Activity Transfer to Fund 404 - - 143,687 143,687 23,947 - 23,947 119,740 17% Police Department 516,510 394,767 368,741 368,741 28,103 - 28,103 340,638 8% Park Capital 12,970 - - - - - - - - Total Expenditures 529,479 394,767 512,428 512,428 52,050 - 52,050 460,378 10% Expenditures by Type Services & Charges Debt Service Principal 484,511 370,109 353,115 353,115 26,376 - 26,376 326,739 7% Debt Service Interest & Fees 31,998 24,658 15,626 15,626 1,727 - 1,727 13,899 11% Total Services & Charges 516,510 394,767 368,741 368,741 28,103 - 28,103 340,638 8% Capital 12,970 - - - - - - - - Interfund Transfers Out - - 143,687 143,687 23,947 - 23,947 119,740 17% Total Expenditures 529,479 394,767 512,428 512,428 52,050 - 52,050 460,378 10% Net Surplus / (Deficit) (54,108) 116,853 1,995 1,995 (51,837) (51,837) Beginning Cash Balance 223,617 169,893 286,746 Cash Adjustments 383 - - Ending Cash Balance 169,893 286,746 288,741 234,909 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund is used to account for expenditures relating to the purchase or lease of capital improvements in the City. A cumulative capital development fund is defined under Indiana Code (I.C. 36-9-16) and was established by the Common Council in 1985 (ordinance no. 7486-85). This fund receives revenue from a property tax levy. Distributions are received from St. Joseph County in June and December. The Cumulative Capital Development (CCD) property tax is a special tax rate that is reduced by circuit breaker property tax caps and will likely result in less revenue in future years unless the rate is re-established. This fund also receives auto excise and commercial vehicle excise tax. Currently, this fund pays the debt service payments for several police vehicle capital lease-purchases. About 34 patrol cars need to be replaced every year to maintain the fleet. Cars are kept for at least five years, up to 10, depending on wear and tear. The cost is about $43,000 per vehicle, including the cost of outfitting the vehicle with the necessary equipment. Due to declining cash reserves in this fund, the police vehicle capital lease-purchases for 2020 through 2023 will be funded by the Local Income Tax Certified Shares Fund (#404). This fund will continue to pay off current leases over that time and will not take on any new debt until cash reserves can support it in 2024. In 2022, this fund will transfer $143,687 to Fund #404 to help offset the debt service payments paid out of that fund. 2019-2020 included a one-time capital expenditure of $285,500 to help fund the My SB Parks & Trails project at Howard Park. 147 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Cumulative Capital Improvement Fund Number 407 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 219,253 207,761 214,341 214,341 - - 214,341 0% Interest Earnings 5,369 3,682 3,825 3,825 497 497 3,328 13% Other Income 18,750 25,000 25,000 25,000 - - 25,000 0% Total Revenue 243,373 236,443 243,166 243,166 497 497 242,669 0% Expenditures by Activity Transfer to Fund 404 - - 239,341 239,341 39,891 - 39,891 199,450 17% Community Investment 6,770 - - - - - - - - Park Vehicles & Equipment - 262,145 - - - - - - - Venues, Parks & Arts Capital - - 250,000 250,000 - 16,500 16,500 233,500 7% Streets Vehicles & Equipment 250,000 - - - - - - - - Total Expenditures 256,770 262,145 489,341 489,341 39,891 16,500 56,391 432,950 12% Expenditures by Type Capital 6,770 - 250,000 250,000 - 16,500 16,500 233,500 7% Interfund Transfers Out 250,000 262,145 239,341 239,341 39,891 - 39,891 199,450 17% Total Expenditures 256,770 262,145 489,341 489,341 39,891 16,500 56,391 432,950 12% Net Surplus / (Deficit) (13,397) (25,702) (246,175) (246,175) (39,394) (55,894) Beginning Cash Balance 689,015 676,798 651,096 Cash Adjustments 1,181 - - Ending Cash Balance 676,798 651,096 404,921 611,703 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established (ordinance 4832-66) in 1966 to account for the receipt of cigarette tax revenue designated to be used solely for capital improvements. This fund receives cigarette tax revenue. Other Income is $25,000 from the South Bend School Corporation for rental of property. In 2020, the revenue was only $18,750 as the City gave a discount due to COVID-19. This fund also receives revenue from interest earned on the fund's cash balance. In 2019, $28,000 was used to purchase furniture for the Howard Park Renovation Project, part of the greater My SB Parks & Trails Project managed by the Department of Venues, Parks & Arts. | In 2020, $250,000 was transferred to the Motor Vehicle Highway Fund (#202) to support vehicle and equipment capital purchases for the Streets Division. | In 2021, $262,145 was budgeted for an interfund transfer to the Parks & Recreation Fund (#201) to support vehicle and equipment capital purchases for the Park Maintenance Division of the Department of Venues, Parks & Arts. | In 2022, $250,000 is budgeted for the Studebaker Museum roof project managed by the Department of Venues, Parks & Arts. Also budgeted in 2022, $239,341 interfund transfer to the Local Income Tax Certified Shares Fund (#404) to help offset the debt service payments for police vehicle capital leases paid out of that fund. 148 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Local Income Tax - Economic Development Fund Number 408 Fund Type Special Revenue Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 13,405,714 13,006,489 12,216,636 12,216,636 2,010,901 2,010,901 10,205,735 16% Intergov./ Grants 12,500 - 50,000 50,000 - - 50,000 0% Fines, Forfeitures, and Fees 354,660 - - - - - - - Interest Earnings 163,880 128,951 136,795 136,795 19,216 19,216 117,579 14% Other Income 153,272 151,545 349,424 349,424 2,827 2,827 346,597 1% Interfund Transfers In - 1,000,000 - - - - - - Total Revenue 14,090,026 14,286,985 12,752,855 12,752,855 2,032,944 2,032,944 10,719,911 16% Expenditures by Activity General City 1,076,233 - - - - - - - - PSAP 2,966,021 2,812,202 199,424 199,424 - - - 199,424 0% Community Investment 3,829,468 2,274,806 6,643,295 10,875,863 632,305 3,597,480 4,229,785 6,646,078 39% Neighborhoods 3,865,219 2,340,000 5,654,853 6,500,554 504,618 693,633 1,198,251 5,302,303 18% Streets 35,749 - - 18,812 - 18,812 18,812 - 100% 2015 Park Bonds 376,689 376,736 375,106 375,106 61,801 - 61,801 313,305 16% 2018 Zoo Bonds 320,900 324,100 332,100 332,100 172,050 - 172,050 160,050 52% 2021 Infrastructure Bonds - 253,000 606,000 606,000 253,000 - 253,000 353,000 42% Total Expenditures 12,470,279 8,380,845 13,810,778 18,907,859 1,623,774 4,309,925 5,933,699 12,974,160 31% Expenditures by Type Services & Charges Professional Services 2,883,244 3,074,579 160,000 545,920 149,659 245,160 394,820 151,100 72% Printing & Advertising 404 2,706 45,000 45,000 - - - 45,000 0% Utilities 42,523 46,983 70,000 70,000 11,844 - 11,844 58,156 17% Repairs & Maintenance 209,536 122,395 432,873 451,968 1,548 19,217 20,764 431,204 5% Grants & Subsidies 1,220,570 1,028,845 2,220,000 6,798,284 382,873 4,021,355 4,404,228 2,394,056 65% Other Services & Charges 1,603 - 635,593 635,593 - - - 635,593 0% Debt Service Principal 301,441 314,344 333,699 333,699 100,000 - 100,000 233,699 30% Debt Service Interest & Fees 219,669 209,777 198,825 198,825 72,050 - 72,050 126,775 36% Total Services & Charges 4,878,989 4,799,629 4,095,990 9,079,288 717,973 4,285,732 5,003,705 4,075,583 55% Capital 5,000 112,229 150,000 399,783 136,000 24,193 160,193 239,590 40% Interfund Transfers Out 7,586,290 3,468,986 9,564,788 9,428,788 769,801 - 769,801 8,658,987 8% Total Expenditures 12,470,279 8,380,845 13,810,778 18,907,859 1,623,774 4,309,925 5,933,699 12,974,160 31% Net Surplus / (Deficit) 1,619,747 5,906,140 (1,057,923) (6,155,004) 409,170 (3,900,755) Beginning Cash Balance 17,389,466 19,044,274 24,795,353 Cash Adjustments 35,061 (155,061) - Ending Cash Balance 19,044,274 24,795,353 18,640,350 25,588,826 Cash Reserves Target 6,235,140 4,190,422 9,453,929 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Debt Service - The fund is used to pay for debt service on the 2014 PSAP (Public Safety Answering Point-the consolidated county-wide 911 call center) Bonds, the 2015 Park Bonds, the 2018 Zoo Bonds, and the 2021 EDIT Infrastructure Bonds. | PSAP - Prior to 2022, this fund paid for the City's portion of the operating costs for the consolidated county-wide 911 call center called PSAP (Public Safety Answering Point). In 2021, the St. Joseph County Council passed a resolution to amend the local income tax rate and dedicate a portion of the certified shares income tax to fund PSAP. As a result, the City's certified shares distribution (received in Fund #404) will be reduced going forward, starting in 2022, and the budget for PSAP in this fund will be reduced to cover only the debt service payments for the 2014 PSAP Bonds. | Interfund Transfers - This fund provides operating subsidies for the Department of Community Investment (DCI). Subsidies are provided to the Community Investment Division (Fund #211) and the Neighborhoods Division (Fund #219 & #230). DCI does not collect enough revenue to support its operations so the City makes up the difference with income tax dollars. | Community Investment - Various community and economic development initiatives administered by DCI are accounted for in this fund. 2022 DCI budgeted expenditures include: Business Development - $480k for workforce development, $250k for small business assistance, $100k for the South Bend Chamber of Commerce | Neighborhoods - $550k for vacant & abandoned demolitions, $450k for the Homeless Strategy ($75k contract position, $275k weather amnesty, $25k County coordinator support, $100k PSH leasing, $175k project support), $350k for the Home Repair Program, $50k for eviction prevention | Engagement - $255k for neighborhood organization support, $40k for consulting fees to support development of Civic Engagement Toolkit and Public Engagement Plan | Planning - $150k for development of two neighborhood plans, $35k for West Side Main Streets, $5k for public art - SB Mural Festival support, $10k for place making art grant |Property - $50k for appraisals, $100k for surveys, $226k for expenses related to Redevelopment owned properties, $50k for an alley stabilization pilot program, $107k for mowing of vacant lots. This fund was established to account for the receipt of the economic development component of the local income tax. Funds are used to items such as debt service payments, economic development, capital expenditures benefiting economic development street operations and other uses as deemed by the Mayor and Council. This fund receives the Economic Development portion of the City's Local Income Tax (LIT) revenue distribution. The City of South Bend receives an allocated share of the 0.4% income tax on wages within St. Joseph County. Local income tax revenue is determined annually by the Indiana Dept of Local Government Finance (DLGF). Income tax revenue is expected to decrease over the next couple years as a result of the COVID-19 pandemic. Other Income is from the sale of properties held for resale by the Department of Community Investment. This fund also receives revenue from interest earned on the fund's cash balance. The final payment of the TJX job penalty amount of $354,660 was received in 2020. The job penalty fines were assessed because the company A.J. Wright violated its development agreement with the city, under which it benefited from a taxpayer-funded incentive package worth more than $10 million. TJX, the parent company of A.J. Wright, has been paying the job penalty fines since 2011. Cash Reserves Target 50% of Annual expenditures 149 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Equipment/Vehicle Leasing Fund Number 750 Fund Type Capital Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 682 17 - - - - - - Debt Proceeds - - - - - - - - Total Revenue 682 17 - - - - - - Expenditures by Type Services & Charges Debt Service Principal 355,128 - - - - - - - - Debt Service Interest & Fees 12,324 - - - - - - - - Total Services & Charges 367,452 - - - - - - - - Capital 300,278 - - - - - - - - Interfund Transfers Out 1,752 - - - - - - - - Total Expenditures 669,482 - - - - - - - - Net Surplus / (Deficit)(668,800) 17 - - - - Beginning Cash Balance 1,016,476 347,680 347,697 Cash Adjustments 3 - - Ending Cash Balance 347,680 347,697 347,697 347,697 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital lease fund - spend down to zero This fund is used to track the expenditures of capital lease proceeds used to purchase vehicles and equipment for City departments. The funds are held by an escrow agent and expended upon the provision by the City of a proper claim form and invoice. Historically, the City has used 5-year capital leases and received an interest rate around 2%. Debt service principal and interest payments are budgeted in individual departments. Starting in 2020, the City changed its accounting for capital leases. Now the capital expenditures are budgeted in the same fund that will repay the debt. This fund will no longer be used after the proceeds remaining in this fund are fully spent. Historically, this fund receives revenue in the form of capital lease proceeds. Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. The remaining cash in this fund is from lease proceeds for the purchase of solar panels. The timing of this purchase is still to be determined. 150 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name South Bend Redevelopment Authority Fund Number 752 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,351 71 2,750 2,750 9 9 2,741 0% Interfund Transfers In 2,870,500 2,866,000 2,865,000 2,865,000 1,233,000 1,233,000 1,632,000 43% Total Revenue 2,872,851 2,866,071 2,867,750 2,867,750 1,233,009 1,233,009 1,634,741 43% Expenditures by Type Services & Charges Debt Service Principal 1,790,000 1,850,000 1,925,000 1,925,000 780,000 - 780,000 1,145,000 41% Debt Service Interest & Fees 1,073,013 1,006,069 934,282 934,282 451,178 - 451,178 483,104 48% Total Expenditures 2,863,013 2,856,069 2,859,282 2,859,282 1,231,178 - 1,231,178 1,628,104 43% Net Surplus / (Deficit)9,839 10,002 8,468 8,468 1,831 1,831 Beginning Cash Balance 222,584 232,423 242,425 Cash Adjustments - - - Ending Cash Balance 232,423 242,425 250,893 244,256 Cash Reserves Target 232,423 242,425 250,893 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the bi-annual debt service principal and interest payments for various debt issued by the South Bend Redevelopment Authority. The South Bend Redevelopment Authority is a separate legal entity that is recorded in the City's Annual Comprehensive Financial Report (ACFR). This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the City funds that are funding the repayment of the debt. This fund also receives revenue from interest earned on the cash balance at the trustee bank. Current debt includes: - 2013 Century Center Special Tax Bonds Refunding 2008 - debt payments paid for by River West TIF Fund (#324), final payment May 1, 2026, (debt schedule #62) - 2015 Eddy St Commons-Lease Rental Revenue Bonds Refunding 2008 - debt payments paid for by River East Residential TIF Fund (#436), final payment February 15, 2033, (debt schedule #54) Cash Reserves Target 100% cash reserves per bond covenants 151 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name South Bend Building Corporation Fund Number 755 Fund Type Debt Service Funds Control City Funds 2022 2022 2022 2022 Total 2020 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 3,478 58 3,000 3,000 11 11 2,989 0% Debt Proceeds - 8,860,022 - - - - - - Interfund Transfers In 2,645,000 2,564,000 2,575,500 2,575,500 1,238,250 1,238,250 1,337,250 48% Total Revenue 2,648,478 11,424,080 2,578,500 2,578,500 1,238,261 1,238,261 1,340,239 48% Expenditures by Type Services & Charges Debt Service Principal 2,250,000 2,150,000 2,075,000 2,075,000 1,135,000 - 1,135,000 940,000 55% Debt Service Interest & Fees 379,968 635,015 487,480 487,480 253,778 - 253,778 233,703 52% Total Services & Charges 2,629,968 2,785,015 2,562,480 2,562,480 1,388,778 - 1,388,778 1,173,703 54% Interfund Transfers Out - 9,248,224 - - - - - - - Total Expenditures 2,629,968 12,033,240 2,562,480 2,562,480 1,388,778 - 1,388,778 1,173,703 54% Net Surplus / (Deficit) 18,510 (609,159) 16,020 16,020 (150,516) (150,516) Beginning Cash Balance 815,025 833,535 224,375 Cash Adjustments - - - Ending Cash Balance 833,535 224,375 240,395 73,859 Cash Reserves Target 833,535 224,375 240,395 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for bi-annual debt service principal and interest payments for various debt issued by the South Bend Building Corporation. The South Bend Building Corporation is a separate legal entity, but is reported as a fund in the City's Annual Comprehensive Financial Report (ACFR). This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the City funds that are funding the repayment of the debt. This fund also receives revenue from interest earned on the cash balance at the trustee bank. In 2021, the City issued the LIT Lease Rental Revenue Bonds, Series 2021 (known as the 2021 EDIT Infrastructure Bonds). The bonds were issued to fund street and neighborhood infrastructure projects. The par amount of the bonds were $7,610,000 with a premium of $1,250,022, a total of $8,860,022. The bonds were closed on May 12, 2021 with a net interest rate of 3.4%. The bond proceeds were deposited into this fund. Current debt includes: - 2012 Fire Station/Police Dept Renovations Refunding Bonds, Refunding 2003 - debt payments paid for by River West TIF Fund (#324), final payment 2/1/23, (debt schedule #39) - 2013 EMS/Fire Station/Tower Bonds - debt payments paid for by the Fire Department Capital Fund (#287), final payment 2/1/33, (debt schedule #116) - 2021 EDIT Infrastructure Bonds - debt payments paid for by the Local Income Tax Economic Development Fund (#408), final payment 8/15/37, (debt schedule #215) In 2021, the final payment for the 2010 Public Works Service Center Refunding Bonds (Refunding 2001) was made on 2/1/21, (debt schedule #36). The debt service reserve balance of $647,148 was disbursed by the trustee bank when the bonds were paid off. 87.7% was transferred to the River West TIF Fund (#324) and 12.3% was transferred to the Sewage Works Operating Fund (#641), the funds that repaid the debt. In 2021, the cost of issuance for the 2021 EDIT Infrastructure bonds was accounted for in this fund. The remaining bond proceeds, after cost of issuance was deducted, was $8,601,026. That amount was transferred to the bond capital fund (#455) to be used towards the approved capital infrastructure projects. Cash Reserves Target 100% cash reserves per bond covenants 152 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - River West Development Area Fund Number 324 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 16,814,400 18,120,969 17,704,130 17,704,130 - - 17,704,130 0% Intergov./ Shared Revenues 381,500 383,000 396,500 396,500 - - 396,500 0% Intergov./ Grants 13,844 868,707 - - 94,235 94,235 (94,235) - Charges for Services - - - - - - - - Interest Earnings 199,544 153,650 173,901 173,901 26,568 26,568 147,333 15% Donations 2,250 - - - - - - - Debt Proceeds 4,345,059 - - - - - - - Other Income 252,995 22,900 - - 64,955 64,955 (64,955) - Interfund Transfers In 35,560 585,315 - - 8 8 (8) - Total Revenue 22,045,151 20,134,540 18,274,531 18,274,531 185,766 185,766 18,088,765 1% Expenditures by Type Services & Charges Professional Services 1,082,200 714,611 425,000 830,266 33,603 279,369 312,972 517,294 38% Debt Service Principal 3,750,570 3,883,193 3,711,202 3,711,202 1,755,000 - 1,755,000 1,956,202 47% Debt Service Interest & Fees 1,329,981 958,715 813,204 813,204 409,182 - 409,182 404,023 50% Other Services & Charges 619,953 - - 250,000 - 250,000 250,000 - 100% Total Services & Charges 6,782,703 5,556,519 4,949,406 5,604,672 2,197,785 529,369 2,727,154 2,877,519 49% Capital 12,152,391 4,873,092 - 12,641,620 381,840 4,412,285 4,794,125 7,847,495 38% Interfund Transfers Out 5,085,022 5,013,303 4,710,000 4,710,000 2,160,000 - 2,160,000 2,550,000 46% Total Expenditures 24,020,117 15,442,915 9,659,406 22,956,292 4,739,625 4,941,654 9,681,278 13,275,014 42% Net Surplus / (Deficit)(1,974,965) 4,691,625 8,615,125 (4,681,761) (4,553,858) (9,495,512) Beginning Cash Balance 30,950,203 29,039,261 33,713,041 Cash Adjustments 64,024 (17,845) - Ending Cash Balance 29,039,261 33,713,041 29,031,280 29,277,843 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River West Development Area and expenses of those funds on eligible development projects for this TIF area. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund also receives Hotel/Motel Tax (intergovernmental shared revenues). In 2020, bond proceeds were receipted into the fund. See explanation of bond below. In 2021, the final payment for the 2010 Public Works Service Center Refunding Bonds (Refunding 2001) was made on 2/1/21, (debt schedule #36). The debt service reserve balance of $647,148 was disbursed by the trustee bank when the bonds were paid off. 87.7% was transferred to the River West TIF Fund (#324) and 12.3% was transferred to the Sewage Works Operating Fund (#641), the funds that repaid the debt. Various projects and development opportunities include: funds to better leverage state and federal grant opportunities, neighborhood revitalization and improvements, development agreements aimed at increasing early childhood education capacity, and projects that were started in 2021 and will still be in process in 2022. TIF support will also be used for various Public Works projects, and development opportunities which may be presented to the Redevelopment Commission in 2022. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. This fund is also used to repay several bonds related to capital projects in the community. In 2020, bonds were issued to fund the St. Joseph County Public Library Community Education Center Project. The par amount of the bonds was $4,225,000 with a premium of $120,058.95. The bond proceeds were deposited into this fund. $4,000,000 went towards capital project expenses and the remaining amount went towards cost of issuance. The bonds are being repaid by this fund with the final payment due February 1, 2037. Cash Reserves Target No reserve requirement 153 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - West Washington Fund Number 422 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 237,261 348,856 283,927 283,927 - - 283,927 0% Interest Earnings 8,861 7,164 9,635 9,635 951 951 8,684 10% Other Income 300 - - - - - - - Total Revenue 246,422 356,020 293,562 293,562 951 951 292,611 0% Expenditures by Type Services & Charges Professional Services 55 45,544 - 4,456 - 1,200 1,200 3,256 27% Total Services & Charges 55 45,544 - 4,456 - 1,200 1,200 3,256 27% Capital 152,666 202,738 - 224,105 - 47,929 47,929 176,176 21% Total Expenditures 152,721 248,282 - 228,561 - 49,129 49,129 179,432 21% Net Surplus / (Deficit)93,701 107,738 293,562 65,001 951 (48,178) Beginning Cash Balance 1,031,822 1,127,293 1,235,031 Cash Adjustments 1,769 - - Ending Cash Balance 1,127,293 1,235,031 1,300,032 1,235,982 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the West Washington Development Area and expenses of those funds on eligible development projects for this TIF area. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. In 2022, this fund will be primarily utilized to provide upgrades and programming at the Martin Luther King Jr. Community Center. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. Cash Reserves Target No reserve requirement 154 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - River East Development Area (NE Dev) Fund Number 429 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 2,997,091 4,328,968 3,822,890 3,822,890 - - 3,822,890 0% Interest Earnings 62,271 39,992 27,464 27,464 7,319 7,319 20,145 27% Other Income - 74,327 - - 16,850 16,850 (16,850) - Interfund Transfers In - 673,180 - - - - - - Total Revenue 3,059,362 5,116,467 3,850,354 3,850,354 24,169 24,169 3,826,185 1% Expenditures by Type Services & Charges Professional Services 82,784 67,611 - 653,724 88,020 506,194 594,214 59,510 91% Insurance - 523 - 221 - - - 221 0% Other Services & Charges - - - - - - - - - Total Services & Charges 82,784 68,133 - 653,945 88,020 506,194 594,214 59,731 91% Capital 5,418,511 1,336,457 - 5,413,357 22,453 2,205,522 2,227,975 3,185,382 41% Total Expenditures 5,501,295 1,404,591 - 6,067,301 110,473 2,711,715 2,822,189 3,245,113 47% Net Surplus / (Deficit)(2,441,932) 3,711,876 3,850,354 (2,216,947) (86,304) (2,798,019) Beginning Cash Balance 8,215,417 5,864,278 9,506,445 Cash Adjustments 90,793 (69,709) - Ending Cash Balance 5,864,278 9,506,445 7,289,498 9,501,562 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed during the 2014 TIF re-alignment. This fund was formerly known as the Northeast TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Various projects and development opportunities include: Completion of the City's commitment to the Wharf Phase II (Three Twenty Cascades), Robert Henry Neighborhood improvements, streetscape projects, Public Works projects, and various development opportunities which may be presented to the Redevelopment Commission in 2022. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. Cash Reserves Target No reserve requirement 155 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - Southside Development Area #1 Fund Number 430 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 3,081,721 2,981,728 1,815,749 1,815,749 - - 1,815,749 0% Interest Earnings 89,378 75,461 69,286 69,286 11,143 11,143 58,143 16% Total Revenue 3,171,100 3,057,189 1,885,035 1,885,035 11,143 11,143 1,873,892 1% Expenditures by Type Services & Charges Professional Services 140,498 162,661 - 668,761 40,129 268,265 308,395 360,366 46% Total Services & Charges 140,498 162,661 - 668,761 40,129 268,265 308,395 360,366 46% Capital 76,527 999,692 - 6,942,403 12,871 1,886,303 1,899,174 5,043,229 27% Total Expenditures 217,025 1,162,353 - 7,611,164 53,000 2,154,568 2,207,569 5,403,595 29% Net Surplus / (Deficit) 2,954,075 1,894,837 1,885,035 (5,726,129) (41,857) (2,196,426) Beginning Cash Balance 9,607,799 12,586,134 14,473,182 Cash Adjustments 24,260 (7,789) - Ending Cash Balance 12,586,134 14,473,182 8,747,053 14,431,324 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Southside Development Area #1 and expenses of those funds on eligible development projects for this TIF area. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Various projects and development opportunities include: South East Master Plan Implementation, Public Works projects, $3 million for Fire Station #8, and various development opportunities which may be presented to the Redevelopment Commission in 2022. Cash Reserves Target No reserve requirement 156 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - Douglas Road Fund Number 435 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes - 269,923 166,000 166,000 - - 166,000 0% Interest Earnings 1,154 687 3,511 3,511 163 163 3,348 5% Total Revenue 1,154 270,610 169,511 169,511 163 163 169,348 0% Expenditures by Type Services & Charges Professional Services 96,143 14,800 - 75,483 - 1,308 1,308 74,175 2% Total Services & Charges 96,143 14,800 - 75,483 - 1,308 1,308 74,175 2% Interfund Transfers Out - 91,370 - 178,553 178,553 - 178,553 - 100% Total Expenditures 96,143 106,170 - 254,036 178,553 1,308 179,861 74,175 71% Net Surplus / (Deficit) (94,989) 164,440 169,511 (84,525) (178,390) (179,698) Beginning Cash Balance 187,806 93,140 257,579 Cash Adjustments 322 - - Ending Cash Balance 93,140 257,579 173,055 79,189 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Douglas Road Development Area and expenses of those funds on eligible development projects for this TIF area. The Douglas Road TIF was established to develop the road and area near the border between South Bend and Mishawaka. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Prior to pay year 2021, the Redevelopment Commission did not collect the excess tax increment for use in projects. For pay year 2021 and after, the Redevelopment Commission has determined it will collect the increment. This fund will help fund a portion of the Douglas Road utility relocation by repaying $300,517.13 to the Sewage Works Capital Fund (#642) for the City's share of the project. The repayment was started in 2021 and is anticipated to go through 2022 based on TIF revenue collections. Cash Reserves Target No reserve requirement 157 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name TIF - River East Residential Area (NE Res) Fund Number 436 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 5,308,975 6,299,000 5,978,380 5,978,380 - - 5,978,380 0% Interest Earnings 15,060 19,471 53,667 53,667 3,742 3,742 49,925 7% Total Revenue 5,324,035 6,318,471 6,032,047 6,032,047 3,742 3,742 6,028,305 0% Expenditures by Type Services & Charges Professional Services - 13,350 30,000 30,000 - - - 30,000 0% Debt Service Principal 409,383 427,037 445,524 445,524 220,397 - 220,397 225,127 49% Debt Service Interest & Fees 85,445 67,791 49,805 49,805 26,267 - 26,267 23,538 53% Total Services & Charges 494,828 508,178 525,329 525,329 246,664 - 246,664 278,665 47% Interfund Transfers Out 3,864,125 5,058,659 4,396,375 4,396,375 2,195,625 - 2,195,625 2,200,750 50% Total Expenditures 4,358,953 5,566,837 4,921,704 4,921,704 2,442,289 - 2,442,289 2,479,415 50% Net Surplus / (Deficit) 965,082 751,634 1,110,343 1,110,343 (2,438,547) (2,438,547) Beginning Cash Balance 3,706,897 4,678,334 5,429,968 Cash Adjustments 6,355 - - Ending Cash Balance 4,678,334 5,429,968 6,540,311 2,991,421 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Residential Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed as part of the TIF re-alignment during 2015. The fund was formerly known as the Northeast Residential TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. At the end of 2017, Eddy Street Commons Phase II Bonds were issued to help fund the second phase of the mixed-use development area just south of the University of Notre Dame's campus. Capital expenditures related to the project are tracked in the Eddy Street Commons Capital Fund (#759). Transfers Out are interfund transfers to the Eddy Street Commons Debt Service Fund (#760) which makes the debt payments on this bond. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. This fund is repaying two interfund loans (debt schedules #84 & #85). Principal and interest payments are made to the Major Moves Fund (#412). The loans will be paid off in 2024 and 2029. In 2021, in addition to debt service requirements, the fund was used for the first time to fund various projects within or abutting and serving the TIF area. Those projects are anticipated to be ongoing in 2022. The development in the area has resulted in higher net assessed values and therefore higher than anticipated TIF revenue collections. Cash Reserves Target No reserve requirement 158 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 9,075 6,133 - - - - - - Total Revenue 9,075 6,133 - - - - - - Expenditures by Type Interfund Transfers Out 13,309 6,133 - - - - - - - Total Expenditures 13,309 6,133 - - - - - - - Net Surplus / (Deficit)(4,234) - - - - - Beginning Cash Balance 1,042,908 1,040,462 1,040,462 Cash Adjustments 1,788 - - Ending Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Reserves Target 1,040,462 1,040,462 1,040,462 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 Airport Development Area TIF Redevelopment Authority bonds (debt schedule #6) for the airport taxable project. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into the River West TIF Fund (#324) rather than transferring it. The debt service reserve will be used towards the last debt service payment due August 1, 2024. Cash Reserves Target 100% debt service reserve per bond covenants 159 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 9,075 6,133 - - - - - - Total Revenue 9,075 6,133 - - - - - - Expenditures by Type Interfund Transfers Out 13,309 6,133 - - - - - - - Total Expenditures 13,309 6,133 - - - - - - - Net Surplus / (Deficit)(4,234) - - - - - Beginning Cash Balance 1,042,908 1,040,462 1,040,462 Cash Adjustments 1,788 - - Ending Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Reserves Target 1,040,462 1,040,462 1,040,462 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 South Bend Downtown Central Development Area TIF Redevelopment Authority bonds (debt schedule #5) for the Palais Royale project. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into the River West TIF Fund (#324) rather than transferring it. The debt service reserve will be used towards the last debt service payment due August 1, 2024. Cash Reserves Target 100% debt service reserve per bond covenants 160 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2018 TIF Park Bond Debt Service Fund Number 351 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 8,934 6,085 9,357 9,357 798 798 8,559 9% Total Revenue 8,934 6,085 9,357 9,357 798 798 8,559 9% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)8,934 6,085 9,357 9,357 798 798 Beginning Cash Balance 1,018,984 1,029,665 1,035,750 Cash Adjustments 1,747 - - Ending Cash Balance 1,029,665 1,035,750 1,045,107 1,036,547 Cash Reserves Target 1,029,665 1,035,750 1,045,107 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10590-18) to hold the debt service reserve for the Redevelopment District Bonds, Series 2018 (debt schedule #169). The bonds were issued for the purpose of funding renovations and upgrades at Pulaski, Leeper, and Seitz Parks and improvements to the mixed use riverfront trail and other infrastructure improvements to park and recreation areas in or serving the River West Development Area. - The par amount of the Redevelopment District Bonds, Series 2018 was $11,995,000 with a premium of $96,103. The bonds closed on April 25, 2018 with a net interest rate of 2.971%. The net proceeds after bond issuance costs were $11,818,495. $993,495 was deposited into this fund per the bond agreement. The remaining $10,825,000 was deposited into the 2018 TIF Park Bond Capital Fund (#452) and will be used towards the approved capital projects. - The debt service reserve fund is funded from bond proceeds in an amount equal to maximum annual principal and interest due on the bonds. If moneys in the reserve fund are used to pay principal and interest on the bonds, the balance will be restored from TIF revenues. Debt service payments are due on February 1 and August 1. The first debt service payment is due August 1, 2018 and the final payment is due February 1, 2033. The debt service reserve will be used towards the last debt service payment. At the time of issuance, $993,495 was deposited into this fund to be held as a reserve. This fund receives revenue from interest earned on the cash balance held at the trustee bank. The debt service reserve will be used towards the last debt service payment due February 1, 2033. Cash Reserves Target 100% debt service reserve per bond covenants 161 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2019 South Shore Double Tracking Debt Service Fund Number 352 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 13 3 10 10 1 1 9 14% Debt Proceeds - - - - - - - - Interfund Transfers In 488,171 1,036,500 1,035,000 1,035,000 518,500 518,500 516,500 50% Total Revenue 488,184 1,036,503 1,035,010 1,035,010 518,501 518,501 516,509 50% Expenditures by Type Services & Charges Debt Service Principal 270,000 650,000 685,000 685,000 340,000 - 340,000 345,000 50% Debt Service Interest & Fees 247,313 377,750 344,750 344,750 176,625 - 176,625 168,125 51% Total Services & Charges 517,313 1,027,750 1,029,750 1,029,750 516,625 - 516,625 513,125 50% Capital - - - - - - - - - Total Expenditures 517,313 1,027,750 1,029,750 1,029,750 516,625 - 516,625 513,125 50% Net Surplus / (Deficit) (29,129) 8,753 5,260 5,260 1,876 1,876 Beginning Cash Balance 29,819 690 9,443 Cash Adjustments - - - Ending Cash Balance 690 9,443 14,703 11,319 Cash Reserves Target 690 9,443 14,703 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 100% debt service reserve per bond covenants This fund is used to pay for the semi-annual payment of debt service principal and interest to the bondholders for the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2019 South Shore Double Tracking Project (debt schedule #200). The bonds were issued to fund the Northern Indiana Commuter Transportation District Main Line Double Tracking Project, which will be located partly within the geographical boundaries of the River West Development Area. The par amount of the bonds was $7,985,000 with a premium of $1,462,840.60. The bonds were closed on December 28, 2019 with a net interest rate of 5%. This fund receives interfund transfers from the River West TIF Fund (#324) in the amount of the lease rental payments per the debt schedule. This fund receives revenue from interest earned on the cash balance held at the trustee bank. At the time of issuance, $9,125,000 went towards the capital project, and the remaining amount went towards cost of issuance. Lease rental payments are due on January 15 and July 15 and bond payments are due on February 1 and August 1. The final bond payment is due February 1, 2030. 162 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2020 TIF Library Bond Debt Service Reserve Fund Number 353 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2 16 10 10 3 3 7 28% Interfund Transfers In 326,938 - - - - - - - Total Revenue 326,939 16 10 10 3 3 7 28% Expenditures by Type Interfund Transfers Out - 11 - - 8 - 8 (8) - Total Expenditures - 11 - - 8 - 8 (8) - Net Surplus / (Deficit)326,939 5 10 10 (5) (5) Beginning Cash Balance - 326,939 326,944 Cash Adjustments - - - Ending Cash Balance 326,939 326,944 326,954 326,939 Cash Reserves Target 326,939 326,944 326,954 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 100% debt service reserve per bond covenants This fund was established to hold the debt service reserve for the Taxable Economic Development Tax Increment Revenue Bonds, Series 2020, Community Education Center Project (debt schedule #210). The bonds were issued to provide funds to the St. Joseph County Public Library for the purpose of construction, equipping, and furnishing of a new building for use as a community and education center to provide new and flexible spaces for community meeting and training, events and conferences, and a larger auditorium to meet increasing demand for program space and allow for a more diverse range of programs and community events. - The par amount of the bonds was $4,225,000 with a premium of $120,058.95. The bonds were closed on October 28, 2020 with a net interest rate of 3%. - The bond proceeds were deposited into the River West Development Area TIF Fund (#324). $4,000,000 went towards the capital project and the remaining amount went towards cost of issuance. - The bonds are being repaid by Fund #324, with bond payments due on February 1 and August 1. At the time of issuance, $326,937.50 was deposited into this fund to be held as a reserve. This fund receives revenue from interest earned on the cash balance held at the trustee bank. The debt service reserve will be used towards the last debt service payment due February 1, 2037. 163 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Redevelopment General Fund Number 433 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 24,117 3,543 7,000 7,000 15 15 6,985 0% Interest Earnings 11,827 13,014 24,072 24,072 2,433 2,433 21,639 10% Donations 1,449,512 1,411,877 1,000,000 1,000,000 - - 1,000,000 0% Other Income - 1,000 - - - - - - Interfund Transfers In 150,000 - 150,000 150,000 - - 150,000 0% Total Revenue 1,635,456 1,429,434 1,181,072 1,181,072 2,448 2,448 1,178,624 0% Expenditures by Type Services & Charges Professional Services 1,657 91 4,500 4,500 - - - 4,500 0% Grants & Subsidies 666,323 538,272 - 325,283 113,675 171,608 285,283 40,000 88% Total Services & Charges 667,979 538,363 4,500 329,783 113,675 171,608 285,283 44,500 87% Capital 2,214 - - - - - - - - Interfund Transfers Out - 147,786 - - - - - - - Total Expenditures 670,193 686,149 4,500 329,783 113,675 171,608 285,283 44,500 87% Net Surplus / (Deficit) 965,263 743,285 1,176,572 851,289 (111,227) (282,835) Beginning Cash Balance 1,476,915 2,444,710 3,187,994 Cash Adjustments 2,532 - - Ending Cash Balance 2,444,710 3,187,994 4,039,283 3,076,768 Cash Reserves Target 167,548 171,537 82,446 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: The Redevelopment Commission was established to address conditions associated with blight and the underutilization of land and/or barriers to development. The Commission operates within the city limits. They study areas of the city, identify problem areas and develop a strategic plan for eliminating blight and bringing about new development within those areas. A primary focus is on the expansion of tax base and the creation of new jobs within South Bend. There are five voting members of the South Bend Redevelopment Commission. Three are appointed by the Mayor; two are appointed by the South Bend Common Council. Starting in 2021, one of the Mayoral appointees is required to be a South Bend Community School Corporation Board of Trustees voting member. Prior to 2021, there was one additional member from the South Bend Community School Corporation Board of School Trustees, appointed by the Mayor as a non-voting adviser to the Commission. Starting in 2019, this fund receives the South Bend Redevelopment Commission's portion of the Local Income Tax (LIT) distribution from the State. This fund also receives revenue from interest earned on the fund's cash balance. Starting in 2018, the City of South Bend will receive donations from the Pokagon Band of the Potawatomi, a Native American tribe, as "payment in lieu of taxes" for the Four Winds Casino built on tribal land adjacent to the City. This is to be split between the General Fund (#101) and the Redevelopment General Fund (#433). Prior to 2019, this fund's sole expenditure was for general legal fees for the Redevelopment Commission. Starting in 2019, this fund will also be used for economic empowerment activities determined by the Redevelopment Commission and the Department of Community Investment. As outlined in the agreement with the Pokagon Band, the donations will fund initiatives broadly aimed at contributing to the improvement of educational opportunities in the City and to address poverty and unemployment in the City. In 2022, projects will be aimed at addressing: Non-traditional financial capital and education, responsive neighborhood based amenities, and supporting the creation and growth of small businesses. Cash Reserves Target 25% of Annual expenditures 164 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Certified Technology Park Fund Number 439 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 96 65 101 101 9 9 92 8% Total Revenue 96 65 101 101 9 9 92 8% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)96 65 101 101 9 9 Beginning Cash Balance 10,965 11,080 11,145 Cash Adjustments 19 - - Ending Cash Balance 11,080 11,145 11,246 11,154 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10148-12) to account for the collection of a special state tax distribution received at the end of 2011 and the use of those funds for improvements at Innovation Park and Ignition Park, the city's dual-campus technology park. From 2011 to 2014, this fund received $4,399,838 from a special state tax distribution for certified technology parks. Since then, this fund’s only source of revenue is interest earned on the fund's cash balance. 2019 funds were budgeted for the new Technology Resource Center (opened during 2019). The Technology Resource Center (TRC) in South Bend’s Ignition Park was built to democratize technology in our region. All will be welcome to the TRC to learn about technology and data, gain skills, and co-build an inclusive tech future for South Bend. A co- location between South Bend Code School, the City’s Civic Innovation & Analytics Divisions, and Bloomberg-funded Commuters Trust, the space will be home to technology and data training, cross-sector “Beta City” collaborations, and public programming about regional innovation. Cash Reserves Target No reserve requirement 165 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name 2018 TIF Park Bond Capital Fund Number 452 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 28,865 15,033 - - 1,874 1,874 (1,874) - Total Revenue 28,865 15,033 - - 1,874 1,874 (1,874) - Expenditures by Type Services & Charges Professional Services 86,969 - - 30,888 - - - 30,888 0% Total Services & Charges 86,969 - - 30,888 - - - 30,888 0% Capital 1,427,387 188,982 - 2,358,136 - 2,195,506 2,195,506 162,630 93% Total Expenditures 1,514,357 188,982 - 2,389,024 - 2,195,506 2,195,506 193,518 92% Net Surplus / (Deficit)(1,485,491) (173,950) - (2,389,024) 1,874 (2,193,632) Beginning Cash Balance 4,085,672 2,614,468 2,433,236 Cash Adjustments 14,287 (7,283) - Ending Cash Balance 2,614,468 2,433,236 44,212 2,435,109 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the expenditures of the proceeds from the Redevelopment District Bonds, Series 2018. The bonds were issued for the purpose of funding renovations and upgrades at Pulaski, Leeper, and Seitz Parks and improvements to the mixed-use riverfront trail and other infrastructure improvements to park and recreation areas in or serving the River West Development Area. The par amount of the Redevelopment District Bonds, Series 2018 was $11,995,000 with a premium of $96,103. The bonds were closed on April 25, 2018 with a net interest rate of 2.971%. The net proceeds after bond issuance costs were $11,818,495. $993,495 was deposited into the 2018 TIF Park Bond Debt Service Fund (#351) per the bond agreement. The remaining $10,825,000 was deposited into this fund to be used towards the approved capital projects. Funding to be used to implement City park plans including improvements to: Howard Park, Lincolnway East Trail, West Bank Trail, Leeper Park, Seitz Park, and Pulaski Park. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero 166 City of South Bend, Indiana Monthly Financial Report February 28, 2022 Fund Name Airport Urban Enterprise Zone Fund Number 454 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2022 2022 2022 2022 Total 2020 2019 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 3,540 2,411 2 2 316 316 (314) 15801% Total Revenue 3,540 2,411 2 2 316 316 (314) 15801% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)3,540 2,411 2 2 316 316 Beginning Cash Balance 403,750 407,982 410,393 Cash Adjustments 692 - - Ending Cash Balance 407,982 410,393 410,395 410,709 Cash Reserves Target - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2009 to receive property tax proceeds derived from parcels located in the Airport Economic Development Area that are also located in the Urban Enterprise Zone, as provided and permitted by Indiana law (IC 36-7-14-39(g)). All sums of money collected are to be used for programs in job training, job enrichment, and basic skill development that are designed to benefit residents and employers in the Urban Enterprise Zone and for other purposes permitted within IC 36-7-14-39 and other applicable Tax Increment Finance State law. In the past, a majority of this fund's revenue came from personal property taxes paid by AJ Wright. This fund has not received property tax revenue since 2013. Currently, this fund only receives revenue from interest earned on the fund's cash balance. This fund has been used in the past to pay for job training programs. Staff continue to work on developing eligible, viable program. Cash Reserves Target No reserve requirement 167