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Home My WebLink About2022-03 - 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 - 120 Venues, Parks & Arts Funds 121 - 133 Department of Community Investment Funds 134 - 140 Internal Service Funds 141 - 153 Administrative Funds 154 - 168 Redevelopment Commission Controlled Funds Distribution Mayor Chief of Staff Deputy Chief of Staff Common Council Department Heads Directors of Department Finance March 31, 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 110 453 Zoo Bond Capital 44 Human Resources 111 471 2017 Parks Bond Capital 45 Diversity & Inclusion 112 601 Parking Garages 46 Human Rights 113 602 Morris Performing Arts Center Operations 47 Legal Department 114 Morris PAC Historical Budget Summary 48 Engineering 115 670 Century Center 49 Office of Sustainability 116 671 Century Center Capital 50 AmeriCorps Grant Program 117 672 Century Center Energy Conservation Debt Svc 51 Police Department 118 730 City Cemetery 52 Police Crime Lab 119 731 Bowman Cemetery 53 Fire Department 120 757 2015 Parks Bond Debt Service 54 Emergency Medical Services 55 Fire Training Center Dept of Community Investment Funds 56 Morris Performing Arts Center 121 209 Studebaker-Oliver Revitalizing Grants 57 Palais Royale Ballroom 122 210 Economic Development State Grants 123 211 Dept of Community Investment Operating Public Works Funds 124 212 Dept of Community Investment Grants 58 202 Motor Vehicle Highway 125 219 Unsafe Building 59 266 MVH Restricted 126 221 Rental Units Regulation 60 Motor Vehicle Highway Combined Budget Summary 127 230 Code Enforcement 61 251 Local Road & Street 128 410 Urban Development Action Grant 62 257 LOIT Special Distribution 129 600 Consolidated Building 63 265 Local Road & Bridge Grant 130 754 Industrial Revolving Fund 64 412 Major Moves Construction 131 756 2015 Smart Streets Bond Debt Service 65 455 2021 Infrastructure Bond Capital 132 759 2017 Eddy Street Commons Bond Capital 66 610 Solid Waste Operations 133 760 2017 Eddy Street Commons Bond Debt Service 67 611 Solid Waste Capital 68 620 Water Works Operations Internal Service Funds 69 622 Water Works Capital 134 222 Central Services 70 624 Water Works Customer Deposit 135 224 Central Services Capital 71 625 Water Works Sinking (Debt Service)136 226 Liability Insurance 72 626 Water Works Bond Reserve 137 279 IT / Innovation / 311 Call Center 73 629 Water Works Operations & Maint. Reserve 138 711 Self-Funded Employee Benefits 74 640 Sewer Repair Insurance 139 713 Unemployment Compensation 75 641 Sewage Works Operations 140 714 Parental Leave 76 642 Sewage Works Capital 77 643 Sewage Works Operations & Maint. Reserve Administrative Funds 78 649 Sewage Sinking (Debt Service)141 102 Rainy Day 79 653 Sewage Debt Service Reserve 142 217 Gift, Donation, Bequest 80 654 Sewage Works Customer Deposit 143 227 Loss Recovery 81 655 Project ReLeaf 144 258 Human Rights Federal Grants 82 667 Storm Sewer 145 263 American Rescue Plan 146 264 COVID-19 Response Public Safety Funds 147 404 Local Income Tax - Certified Shares 83 216 Police State Seizures 148 406 Cumulative Capital Development 84 218 Police Curfew Violations 149 407 Cumulative Capital Improvement 85 220 Law Enforcement Continuing Education 150 408 Local Income Tax - Economic Development 86 249 Local Income Tax - Public Safety 151 750 Equipment/Vehicle Leasing 87 278 Take Home Vehicle Police 152 752 South Bend Redevelopment Authority 88 280 Police Block Grants 153 755 South Bend Building Corporation 89 287 Fire Department Capital 90 288 Emergency Medical Services Operating Redevelopment Commission Controlled Funds 91 289 Haz-Mat 154 324 TIF - River West Development Area 92 291 Indiana River Rescue 155 422 TIF - West Washington 93 292 Police Grants 156 429 TIF - River East Development Area (NE Dev) 94 294 Regional Police Academy 157 430 TIF - Southside Development Area #1 95 295 COPS MORE Grant 158 435 TIF - Douglas Road 96 299 Police Federal Drug Enforcement 159 436 TIF - River East Residential Area (NE Res) 97 350 2018 Fire Station #9 Bond Debt Service 160 315 Redevelopment Bond - Airport Taxable 98 451 2018 Fire Station #9 Capital 161 328 Redevelopment Bond - Palais Royale 99 701 Fire Pension 162 351 2018 TIF Park Bond Debt Service Reserve 100 702 Police Pension 163 352 2019 South Shore Double Tracking Bond Debt Svc 101 705 Police K-9 Unit 164 353 2020 TIF Library Bond Debt Service Reserve 165 433 Redevelopment General 166 439 Certified Technology Park 167 452 2018 TIF Park Bond Capital 168 454 Airport Urban Enterprise Zone 2 March 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 - 168) 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 March 31, 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) 3/31/2022 Requirement Reserve Req. City Controlled Funds 101 General Fund 54,208,073 7,336,912 18,221,805 288,228 (10,596,666) 43,611,408 39,933,603 3,677,805 Special Revenue Funds 102 Rainy Day 10,910,077 11,534 - - 11,534 10,921,611 8,717,131 2,204,480 201 Parks & Recreation 5,865,858 1,265,909 3,697,958 93,082 (2,338,967) 3,526,891 4,616,399 (1,089,508) 202 Motor Vehicle Highway 4,772,416 2,244,652 2,943,798 39,630 (659,516) 4,112,899 2,955,913 1,156,986 209 Studebaker-Oliver Revitalizing Grants 692,248 732 2,717 - (1,985) 690,263 - - 210 Economic Development State Grants 26,876 5,678 9,981 4,088 (216) 26,659 - - 211 Dept of Community Investment Operating 394,125 559,199 814,707 12,713 (242,796) 151,329 - - 212 Dept of Community Investment Grants 409,818 213,236 351,281 (98,997) (237,042) 172,775 - - 216 Police State Seizures 173,825 184 - - 184 174,009 11,125 162,884 217 Gift, Donation, Bequest 978,522 198,613 83,696 - 114,917 1,093,439 - - 218 Police Curfew Violations 13,880 8 13,888 - (13,880) - - - 219 Unsafe Building 764,981 5,130 2,210 - 2,920 767,901 - - 220 Law Enforcement Continuing Education 378,981 399,822 166,616 14,629 247,835 626,817 130,892 495,925 221 Rental Units Regulation 87,416 26,835 30,842 (250) (4,257) 83,159 - - 227 Loss Recovery 414,099 438 - - 438 414,537 - - 230 Code Enforcement 497,492 681,199 831,003 9,814 (139,990) 357,502 - - 249 Local Income Tax - Public Safety 3,844,465 2,180,145 2,928,240 - (748,095) 3,096,370 - - 251 Local Road & Street 2,349,376 510,696 133,265 44,251 421,683 2,771,059 - - 257 LOIT Special Distribution 245,630 260 - - 260 245,890 - - 258 Human Rights Federal Grants 426,544 4,608 49,240 - (44,633) 381,912 - - 263 American Rescue Plan 29,536,642 30,316 1,893,930 - (1,863,615) 27,673,027 - - 264 COVID-19 Response - 132,494 170,461 (37,503) (75,470) (75,470) - - 265 Local Road & Bridge Grant 704,875 688 197,847 - (197,159) 507,717 - - 266 MVH Restricted 2,042,332 778,359 523,391 14,422 269,390 2,311,722 - - 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 30 - - 30 28,132 2,500 25,632 291 Indiana River Rescue 360,311 16,984 36,427 10,613 (8,830) 351,481 24,840 326,642 292 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 89,054 - - 89,054 149,291 7,125 142,166 404 Local Income Tax - Certified Shares 18,631,245 2,699,069 3,907,564 67,150 (1,141,344) 17,489,901 8,590,792 8,899,109 408 Local Income Tax - Economic Development 24,795,353 3,045,737 2,653,141 170,744 563,341 25,358,694 13,353,929 12,004,765 410 Urban Development Action Grant 27,182 4,406 6,000 - (1,594) 25,588 - - 655 Project ReLeaf 282,057 150,392 133,660 30,519 47,251 329,307 112,427 216,880 705 Police K-9 Unit 2,435 1 2,436 - (2,435) - - - 730 City Cemetery 30,218 32 - - 32 30,250 - - 731 Bowman Cemetery 475,369 503 - - 503 475,872 400,000 75,872 754 Industrial Revolving Fund 3,700,843 3,295,646 2,837,025 94,158 552,779 4,253,622 - - Total Special Revenue Funds 114,485,206 18,552,893 24,962,194 469,065 (5,940,237) 108,544,969 38,923,073 24,621,833 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 196,702 221,706 - - 221,706 418,407 - - 752 South Bend Redevelopment Authority 242,425 1,233,022 1,231,178 - 1,844 244,269 244,269 - 755 South Bend Building Corporation 224,375 1,238,263 1,388,778 - (150,515) 73,861 73,861 - 756 2015 Smart Streets Bond Debt Service 1,742,699 858,024 853,784 - 4,239 1,746,938 1,746,938 - 757 2015 Parks Bond Debt Service 587,763 92,713 187,141 - (94,428) 493,336 493,336 - 760 2017 Eddy Street Commons Bond Debt Service 3,668,611 962,672 962,625 - 47 3,668,659 2,500,000 1,168,659 Total Debt Service Funds 6,846,739 4,779,370 5,369,054 - (589,684) 6,257,055 5,058,404 1,168,659 Capital Funds 287 Fire Department Capital 2,758,339 514,758 567,083 - (52,325) 2,706,014 - - 401 Coveleski Stadium Capital 814 274 6,962 - (6,688) (5,873) - - 406 Cumulative Capital Development 286,746 280 64,024 - (63,744) 223,002 - - 407 Cumulative Capital Improvement 651,096 673 59,836 - (59,163) 591,933 - - 412 Major Moves Construction 1,889,193 248,732 44,689 - 204,043 2,093,236 - - 413 Professional Sports Convention Development Area 775,632 594,008 927,815 263,005 (70,802) 704,830 - - 416 Morris Performing Arts Center Capital 1,912,926 6,503,905 433,549 - 6,070,357 7,983,283 - - 450 Palais Royale Historic Preservation 93,481 1,547 - - 1,547 95,028 - - 451 2018 Fire Station #9 Bond Capital 316,090 334 - - 334 316,424 - - 453 Zoo Bond Capital - 5,891,800 318,188 - 5,573,613 5,573,613 - - 455 2021 Infrastructure Bond Capital 3,836,482 4,047 204,294 - (200,246) 3,636,235 - - 471 2017 Parks Bond Capital 4,259,726 4,472 180,010 25,918 (149,621) 4,110,105 - - 750 Equipment/Vehicle Leasing 347,697 - 347,697 - (347,697) - - - 759 2017 Eddy Street Commons Bond Capital 25,763 0 - - 0 25,763 - - Total Capital Funds 17,153,985 13,764,832 3,154,146 288,923 10,899,608 28,053,593 - - 4 City of South Bend Report of Changes in Cash Balance January 1, 2022 through March 31, 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) 3/31/2022 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,102,372 332,119 464,114 371 (131,623) 1,970,748 511,713 1,459,035 601 Parking Garages 907,380 228,978 327,466 463 (98,025) 809,355 353,374 455,981 602 Morris Performing Arts Center Operations - 1,212,921 301,313 2,476 914,084 914,084 168,358 745,726 610 Solid Waste Operations 906,471 1,823,676 2,434,911 435,137 (176,098) 730,373 710,676 19,697 611 Solid Waste Capital 779,163 429,310 961,832 - (532,522) 246,640 - - 620 Water Works Operations 6,550,457 4,872,362 6,890,191 935,721 (1,082,108) 5,468,349 1,210,680 4,257,669 622 Water Works Capital 9,672,979 1,014,479 247,863 29,610 796,226 10,469,205 - - 624 Water Works Customer Deposit 1,279,314 - - 4,270 4,270 1,283,584 1,283,584 - 625 Water Works Sinking (Debt Service)- 665,607 500 - 665,107 665,107 - - 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 2,003,861 223,989 247,139 74,702 51,551 2,055,412 188,267 1,867,144 641 Sewage Works Operations 13,825,371 10,835,919 12,514,308 1,282,632 (395,757) 13,429,614 2,286,325 11,143,289 642 Sewage Works Capital 14,359,708 1,144,598 726,313 21,806 440,091 14,799,799 - - 643 Sewage Works Operations & Maintenance Reserve 5,550,801 - - - - 5,550,801 5,160,100 390,701 649 Sewage Sinking (Debt Service)- 2,769,771 29,100 28,000 2,768,671 2,768,671 - - 653 Sewage Debt Service Reserve 3,749,760 - - - - 3,749,760 3,749,760 - 654 Sewage Works Customer Deposit 903,840 - - 49,646 49,646 953,487 953,487 - 667 Storm Sewer 1,604,154 331,971 98,898 62,628 295,701 1,899,856 - - 670 Century Center Operations 194,350 1,540,055 870,201 (23,688) 646,166 840,516 1,023,739 (183,223) 671 Century Center Capital 983,710 24 - - 24 983,735 800,000 183,735 Total Enterprise Funds 69,709,146 27,441,076 26,114,148 2,903,774 4,230,702 73,939,849 22,750,817 73,939,849 Internal Service Funds 222 Central Services 658,666 2,217,414 2,321,298 187,252 83,367 742,033 887,373 (145,340) 226 Liability Insurance 6,100,867 850,131 606,572 154,352 397,911 6,498,777 2,801,539 3,697,238 278 Police Take Home Vehicle 698,546 9,381 - - 9,381 707,927 750,000 (42,073) 279 IT / Innovation / 311 Call Center 3,482,865 2,632,495 2,598,586 145,800 179,709 3,662,574 - - 711 Self-Funded Employee Benefits 10,786,414 4,386,644 4,108,500 1,707 279,850 11,066,265 4,599,966 6,466,299 713 Unemployment Compensation - 23,012 7,308 7,308 23,012 23,012 20,000 3,012 714 Parental Leave 226,711 59,113 23,059 - 36,054 262,764 20,308 242,457 Total Internal Service Funds 21,954,068 10,178,190 9,665,324 496,418 1,009,284 22,963,352 9,079,185 10,221,593 Fiduciary Funds 701 Fire Pension 420,180 4,177 1,027,794 - (1,023,617) (603,437) 458,389 (1,061,826) 702 Police Pension 560,923 1,858 1,512,249 - (1,510,392) (949,469) 605,774 (1,555,243) 718 State Tax Withholding Fund 795,612 - - (486,262) (486,262) 309,350 309,350 - 725 Morris / Palais Box Office 791,599 - - 318,985 318,985 1,110,584 1,110,584 - 726 Police Distributions Payable 1,641,403 - - (643,380) (643,380) 998,023 998,023 - Total Fiduciary Funds 4,209,716 6,034 2,540,043 (810,657) (3,344,666) 865,050 3,482,119 (2,617,069) Total City Controlled Funds 288,566,933 82,059,306 90,026,715 3,635,750 (4,331,658) 284,235,275 119,227,202 111,012,670 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 33,713,041 258,216 5,364,590 146,201 (4,960,173) 28,752,868 - - 422 TIF - West Washington 1,235,031 1,306 - - 1,306 1,236,336 - - 429 TIF - River East Development Area (NE Dev)9,506,445 26,896 228,489 13,753 (187,841) 9,318,604 - - 430 TIF - Southside Development Area #1 14,473,182 15,284 59,950 6,950 (37,717) 14,435,465 - - 435 TIF - Douglas Road 257,579 185 178,553 - (178,368) 79,212 - - 436 TIF - River East Residential Area (NE Res)5,429,968 4,600 2,442,289 - (2,437,689) 2,992,279 - - Total Tax Increment Financing Funds 64,615,246 306,486 8,273,872 166,904 (7,800,482) 56,814,764 - - Redevelopment Funds 433 Redevelopment General 3,187,994 3,339 115,425 - (112,086) 3,075,908 247,821 2,828,087 439 Certified Technology Park 11,145 12 - - 12 11,157 - - 452 2018 TIF Park Bond Capital 2,433,236 2,572 - - 2,572 2,435,808 - - 454 Airport Urban Enterprise Zone 410,393 434 - - 434 410,827 - - Total Redevelopment Funds 6,042,769 6,357 115,425 - (109,068) 5,933,700 247,821 2,828,087 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 1,095 - - 1,095 1,036,845 1,036,845 - 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 4 8 - (4) 326,940 326,940 - Total Debt Service Funds 4,152,094 519,600 516,633 - 2,967 4,155,061 4,155,061 - Total Redevelopment Commission Funds 74,810,109 832,443 8,905,930 166,904 (7,906,583) 66,903,525 4,402,882 2,828,087 Grand Total 363,377,042 82,891,749 98,932,644 3,802,654 (12,238,241) 351,138,801 123,630,083 113,840,757 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 11,823,651 - (1,971,253) 2,801,162 209 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 5,365,416 5,759,541 - (394,125) - 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 378,981 757,462 523,568 - 233,894 612,875 221 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 5,097,306 - (1,122,021) 920,312 273 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 11,356,795 17,181,584 - (5,824,789) 12,806,456 408 Local Income Tax - Economic Development 24,795,353 12,752,855 26,707,859 - (13,955,004) 10,840,350 410 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 114,485,206 120,383,861 142,332,490 313,117 (21,635,512) 92,849,691 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 3,058,250 3,044,328 - 13,922 256,347 755 South Bend Building Corporation 224,375 2,769,500 2,751,956 - 17,544 241,919 756 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 11,746,309 11,722,804 - 23,505 6,870,244 City of South Bend Based on 2022 Amended Budget as of March 31, 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 March 31, 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 6,508,701 8,475,984 - (1,967,283) (54,357) 450 Palais Royale Historic Preservation 93,481 8,247 35,000 - (26,753) 66,728 451 2018 Fire Station #9 Bond Capital 316,090 - - - - 316,090 453 Zoo Bond Capital - 5,891,800 5,891,800 - - - 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 - (347,697) - 759 2017 Eddy Street Commons Bond Capital 25,763 - - - - 25,763 Total Capital Funds 17,153,985 19,424,929 34,750,229 - (15,325,300) 1,828,685 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 45,726,498 - (6,848,312) 6,977,059 642 Sewage Works Capital 14,359,708 4,183,952 14,614,348 - (10,430,396) 3,929,312 643 Sewage Works Operations & Maintenance Reserve 5,550,801 - - - - 5,550,801 649 Sewage Sinking (Debt Service)- 11,107,089 11,107,089 - - - 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 69,709,146 102,261,885 133,797,727 - (31,535,842) 38,173,304 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 285,338,320 376,587,385 491,244,646 313,117 (114,344,144) 170,994,173 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 March 31, 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 6,078,801 - (2,228,447) 7,277,998 430 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 42,050,558 - (11,545,518) 53,069,729 Redevelopment Funds 433 Redevelopment General 3,187,994 1,562,572 991,283 - 571,289 3,759,283 439 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 1,562,675 3,380,307 - (1,817,632) 4,225,136 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 33,112,092 46,460,614 - (13,348,522) 61,461,586 Grand Total 360,148,428 409,699,477 537,705,260 313,117 (127,692,666) 232,455,760 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 & Recreation3,526,891 1,349,598 2,177,293 4,616,399 (2,439,106) 12% Property tax distribution received in June & Dec25% of Annual expenditures222 Central Services742,033 58,499 683,534 887,373 (203,839) 8% Charges for services came in under budget10% of Annual expenditures278 Police Take Home Vehicle707,927 - 707,927 750,000 (42,073) 1416%One large claim in 2019, continuing to build cash reserves back upSet dollar amount of $750,000610 Solid Waste Operations730,373 840,086 (109,713) 710,676 (820,389) -2%Large dollar amount of encumbrances is for tipping fees to be invoiced throughout the year10% of Annual expenditures670 Century Center Operations840,516 27,430 813,086 1,023,739 (210,653) 20% Slightly under reserve requirement25% of Annual expenditures701 Fire Pension(603,437) 3,500 (606,937) 458,389 (1,065,326) -13% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension(949,469) 3,500 (952,969) 605,774 (1,558,743) -16% Pension payments received in June & Sept10% of Annual expendituresUnder Reserve Requirement Total4,994,834$ 2,282,613$ 2,712,220$ 9,052,350$ (6,340,129)$ Meets or Exceeds Requirement101 General Fund43,611,408 3,060,726 40,550,682 39,933,603 617,079 36% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day10,921,611 - 10,921,611 8,717,131 2,204,480 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out202 Motor Vehicle Highway4,112,899 608,482 3,504,417 2,955,913 548,504 30%25% of Annual expenditures216 Police State Seizures174,009 - 174,009 11,125 162,884 391%25% of Annual expenditures220 Law Enforcement Continuing Education 626,817 123,770 503,047 130,892 372,155 96%25% of Annual expenditures226 Liability Insurance6,498,777 650,791 5,847,986 2,801,539 3,046,448 104%50% of Annual expenditures289 Haz-Mat28,132 - 28,132 2,500 25,632 281%25% of Annual expenditures291 Indiana River Rescue351,481 23,069 328,412 24,840 303,573 331%25% of Annual expenditures299 Police Federal Drug Enforcement149,291 - 149,291 7,125 142,166 524%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 Service1,036,845 - 1,036,845 1,036,845 - 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 Reserve326,940 - 326,940 326,940 - 100%100% debt service reserve per bond covenants404 Local Income Tax - Certified Shares17,489,901 4,402,919 13,086,981 8,590,792 4,496,190 76%50% of Annual expenditures408Local Income Tax - Economic Development25,358,694 4,145,198 21,213,496 13,353,929 7,859,567 79%50% of Annual expenditures433 Redevelopment General3,075,908 169,858 2,906,050 247,821 2,658,229 293%25% of Annual expenditures600 Consolidated Building1,970,748 753 1,969,996 511,713 1,458,282 96%25% of Annual expenditures601 Parking Garages809,355 295,848 513,506 353,374 160,133 36%25% of Annual expenditures602 Morris Performing Arts Center Operations 914,084 16,806 897,278 168,358 728,920 53%10% of Annual expenditures620 Water Works Operations5,468,349 894,418 4,573,931 1,210,680 3,363,251 19%5% of Annual expendituresMarch 31, 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 PolicyMarch 31, 2022624 Water Works Customer Deposit1,283,584 - 1,283,584 1,283,584 - 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 Insurance2,055,412 - 2,055,412 188,267 1,867,144 273%25% of Annual expenditures641 Sewage Works Operations13,429,614 3,660,067 9,769,547 2,286,325 7,483,222 21%5% of Annual expenditures643Sewage Works Operations & Maintenance Reserve5,550,801 - 5,550,801 5,160,100 390,701 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 Deposit953,487 - 953,487 953,487 - 100%100% cash reserves for customer deposits655 Project ReLeaf329,307 - 329,307 112,427 216,880 73%25% of Annual expenditures671 Century Center Capital983,735 - 983,735 800,000 183,735 2811%$800,000 Minimum per Board of Managers711 Self-Funded Employee Benefits11,066,265 1,111,301 9,954,964 4,599,966 5,354,998 54%25% of Annual expenditures713 Unemployment Compensation23,012 - 23,012 20,000 3,012 29%25% of Annual expenditures714 Parental Leave262,764 - 262,764 20,308 242,457 104%8% of Annual expenditures - one month reserve718 State Tax Withholding Fund309,350 - 309,350 309,350 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office1,110,584 - 1,110,584 1,110,584 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable998,023 - 998,023 998,023 - 100%100% cash reserves - trust & agency funds730 City Cemetery30,250 - 30,250 - 30,250 100%25% of Annual expenditures731 Bowman Cemetery475,872 - 475,872 400,000 75,872 100%$400,000 minimum752 South Bend Redevelopment Authority244,269 - 244,269 244,269 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation73,861 - 73,861 73,861 - 100%100% cash reserves per bond covenants756 2015 Smart Streets Bond Debt Service1,746,938 - 1,746,938 1,746,938 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service493,336 - 493,336 493,336 - 100%100% cash reserves per bond covenants7602017 Eddy Street Commons Bond Debt Service3,668,659 - 3,668,659 2,500,000 1,168,659 190%$2,500,000 minimumMeets or Exceeds Requirement Total 178,906,160$ 19,164,006$ 159,742,154$ 114,577,733$ 45,164,423$ 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 PolicyMarch 31, 2022No Reserve Requirement209 Studebaker-Oliver Revitalizing Grants 690,263 50,443 639,820 - 639,820 100%No reserve requirement - Grant fund - spend down to zero210 Economic Development State Grants 26,659 109,870 (83,211) - (83,211) 100% Reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero211 Dept of Community Investment Operating 151,329 350,903 (199,574) - (199,574) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement212 Dept of Community Investment Grants 172,775 3,856,033 (3,683,257) - (3,683,257) 100% Reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 1,093,439 244,588 848,852 - 848,852 100% No reserve requirement219 Unsafe Building 767,901 17,790 750,111 - 750,111 100% No reserve requirement221 Rental Units Regulation 83,159 99,686 (16,528) - (16,528) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement227 Loss Recovery 414,537 - 414,537 - 414,537 100% No reserve requirement230 Code Enforcement 357,502 256,474 101,028 - 101,028 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement249 Local Income Tax - Public Safety 3,096,370 - 3,096,370 - 3,096,370 100% No reserve requirement251 Local Road & Street 2,771,059 900,262 1,870,797 - 1,870,797 100% No reserve requirement257 LOIT Special Distribution 245,890 56,950 188,940 - 188,940 100%No reserve requirement - one-time distribution - spend down to zero258 Human Rights Federal Grants 381,912 16,667 365,245 - 365,245 100%No reserve requirement - Grant fund - spend down to zero263 American Rescue Plan27,673,027 178,050 27,494,977 - 27,494,977 100%No reserve requirement - Grant fund - spend down to zero264 COVID-19 Response(75,470) 822,029 (897,498) - (897,498) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero265 Local Road & Bridge Grant507,717 504,569 3,147 - 3,147 100%Reimbursed through interfund transfer to cover matching portionNo reserve requirement - Grant fund - spend down to zero266 MVH Restricted2,311,722 532,916 1,778,806 - 1,778,806 100%No reserve requirement279 IT / Innovation / 311 Call Center3,662,574 1,812,430 1,850,144 - 1,850,144 100% Reimbursed through interfund allocationNo reserve requirement287 Fire Department Capital2,706,014 2,224,466 481,548 - 481,548 100%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 Area28,752,868 5,289,431 23,463,437 - 23,463,437 100% 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 Capital(5,873) 715 (6,588) - (6,588) 100% Revenue based on stadium attendence is received in the fallNo reserve requirement - Capital fund - spend down to zero406 Cumulative Capital Development223,002 - 223,002 - 223,002 100% Property tax distribution received in June & DecNo reserve requirement - Capital fund - spend down to zero407 Cumulative Capital Improvement591,933 16,500 575,433 - 575,433 100%No reserve requirement - Capital fund - spend down to zero410 Urban Development Action Grant25,588 - 25,588 - 25,588 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction2,093,236 445,349 1,647,887 - 1,647,887 100%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 PolicyMarch 31, 2022413Professional Sports Convention Development Area704,830 106,935 597,895 - 597,895 100%No reserve requirement - Capital fund - spend down to zero416 Morris Performing Arts Center Capital 7,983,283 6,796,130 1,187,153 - 1,187,153 100% No reserve requirement422 TIF - West Washington 1,236,336 49,129 1,187,208 - 1,187,208 100% Property tax distribution received in June & Dec No reserve requirement429TIF - River East Development Area (NE Dev)9,318,604 2,593,699 6,724,905 - 6,724,905 100% Property tax distribution received in June & Dec No reserve requirement430 TIF - Southside Development Area #1 14,435,465 2,434,108 12,001,357 - 12,001,357 100% Property tax distribution received in June & Dec No reserve requirement435 TIF - Douglas Road 79,212 1,308 77,904 - 77,904 100% Property tax distribution received in June & Dec No reserve requirement436 TIF - River East Residential Area (NE Res) 2,992,279 - 2,992,279 - 2,992,279 100% Property tax distribution received in June & Dec No reserve requirement439 Certified Technology Park 11,157 - 11,157 - 11,157 100% No reserve requirement450 Palais Royale Historic Preservation 95,028 - 95,028 - 95,028 100% No reserve requirement451 2018 Fire Station #9 Bond Capital 316,424 - 316,424 - 316,424 100%No reserve requirement - Bond capital fund - spend down to zero453 Zoo Bond Capital 5,573,613 - 5,573,613 - 5,573,613 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 2,435,808 2,225,241 210,568 - 210,568 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 410,827 - 410,827 - 410,827 100% No reserve requirement455 2021 Infrastructure Bond Capital 3,636,235 1,424,228 2,212,007 - 2,212,007 100%No reserve requirement - Bond capital fund - spend down to zero471 2017 Parks Bond Capital 4,110,105 2,550,416 1,559,689 - 1,559,689 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 246,640 1,305,591 (1,058,951) - (1,058,951) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 10,469,205 2,002,391 8,466,814 - 8,466,814 100% Receives transfers from Fund 620 as neededNo reserve requirement - Capital fund - spend down to zero625Water Works Sinking (Debt Service)665,107 - 665,107 - 665,107 100% Receives transfers from Fund 620 as neededNo reserve requirement642 Sewage Works Capital14,799,799 3,588,766 11,211,032 - 11,211,032 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero649 Sewage Sinking (Debt Service)2,768,671 - 2,768,671 - 2,768,671 100% Receives transfers from Fund 641 as neededNo reserve requirement667 Storm Sewer1,899,856 1,368,682 531,173 - 531,173 100%No reserve requirement - Capital fund - spend down to zero672Century Center Energy Conservation Debt Svc418,407 - 418,407 - 418,407 100%No reserve requirement754 Industrial Revolving Fund4,253,622 11,490 4,242,132 - 4,242,132 100%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 Total167,237,807$ 44,265,041$ 122,972,766$ -$ 122,972,764$ Total Funds351,138,801$ 65,711,659$ 285,427,141$ 123,630,083$ 161,797,058$ 12 City of South Bend Monthly Fund Financials Revenue Summary March 31, 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 1,432,073 7,336,912 6,439,773 65,880,370 10% Special Revenue Funds 102 Rainy Day 99,340 3,133 11,534 15,626 87,806 12% 201 Parks & Recreation 16,484,004 248,555 1,265,909 1,617,239 15,218,095 8% 202 Motor Vehicle Highway 9,852,398 752,636 2,244,652 1,793,863 7,607,746 23% 209 Studebaker-Oliver Revitalizing Grants 5,942 199 732 1,095 5,210 12% 210 Economic Development State Grants 568,361 8 5,678 18,042 562,683 1% 211 Dept of Community Investment Operating 5,365,416 384,321 559,199 619,659 4,806,217 10% 212 Dept of Community Investment Grants 9,033,557 145,445 213,236 387,483 8,820,321 2% 216 Police State Seizures 5,896 50 184 4,514 5,712 3% 217 Gift, Donation, Bequest 56,270 91,644 198,613 429,845 (142,343) 353% 218 Police Curfew Violations - - 8 20 (8) 0% 219 Unsafe Building 70,871 596 5,130 12,939 65,741 7% 220 Law Enforcement Continuing Education 757,462 19,232 399,822 59,274 357,640 53% 221 Rental Units Regulation 404,123 25,769 26,835 286 377,288 7% 227 Loss Recovery 3,769 119 438 675 3,331 12% 230 Code Enforcement 4,765,730 315,872 681,199 101,044 4,084,531 14% 249 Local Income Tax - Public Safety 8,836,957 726,385 2,180,145 2,279,489 6,656,812 25% 251 Local Road & Street 2,783,569 162,189 510,696 616,640 2,272,873 18% 257 LOIT Special Distribution 543 71 260 1,878 283 48% 258 Human Rights Federal Grants 155,250 115 4,608 3,175 150,642 3% 263 American Rescue Plan 29,455,024 7,939 30,316 - 29,424,709 0% 264 COVID-19 Response 790,735 75,470 132,494 483,210 658,241 17% 265 Local Road & Bridge Grant 2,001,049 146 688 1,805 2,000,361 0% 266 MVH Restricted 3,975,285 273,651 778,359 726,302 3,196,926 20% 273 Morris PAC / Palais Royale Marketing - - 43 611 (43) 0% 274 Morris PAC Self-Promotion - - 150 325 (150) 0% 280 Police Block Grants - - 2 6 (2) 0% 289 Haz-Mat 10,256 8 30 40 10,226 0% 291 Indiana River Rescue 92,991 101 16,984 32,329 76,007 18% 294 Regional Police Academy - - 83 10,534 (83) 0% 295 COPS MORE Grant - - 30 14,367 (30) 0% 299 Police Federal Drug Enforcement 44,697 70,035 89,054 43 (44,357) 199% 404 Local Income Tax - Certified Shares 11,356,795 1,128,325 2,699,069 3,470,294 8,657,726 24% 408 Local Income Tax - Economic Development 12,752,855 1,012,793 3,045,737 3,185,202 9,707,118 24% 410 Urban Development Action Grant 22,261 7 4,406 5,544 17,855 20% 655 Project ReLeaf 453,854 73,966 150,392 127,734 303,462 33% 705 Police K-9 Unit - - 1 3 (1) 0% 730 City Cemetery 273 9 32 43 241 12% 731 Bowman Cemetery 4,328 137 503 681 3,825 12% 754 Industrial Revolving Fund 174,000 2,521,851 3,295,646 96,649 (3,121,646) 1894% Total Special Revenue Funds 120,383,861 8,040,776 18,552,893 16,118,506 101,830,965 15% 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 404,367 108 221,706 221,769 182,661 55% 752 South Bend Redevelopment Authority 3,058,250 13 1,233,022 1,236,530 1,825,228 40% 755 South Bend Building Corporation 2,769,500 1 1,238,263 1,325,787 1,531,237 45% 756 2015 Smart Streets Bond Debt Service 1,716,000 7 858,024 858,024 857,976 50% 757 2015 Parks Bond Debt Service 375,106 30,903 92,713 94,439 282,393 25% 760 2017 Eddy Street Commons Bond Debt Service 1,928,125 16 962,672 949,649 965,453 50% Total Debt Service Funds 11,746,309 31,048 4,779,370 4,862,307 6,966,938 41% 13 City of South Bend Monthly Fund Financials Revenue Summary March 31, 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 4,231,873 164,789 514,758 478,572 3,717,115 12% 401 Coveleski Stadium Capital 25,109 274 274 16 24,835 1% 406 Cumulative Capital Development 514,423 67 280 223 514,143 0% 407 Cumulative Capital Improvement 243,166 176 673 958 242,493 0% 412 Major Moves Construction 496,809 613 248,732 248,723 248,077 50% 413 Professional Sports Convention Development Area 1,500,000 103,319 594,008 - 905,992 40% 416 Morris Performing Arts Center Capital 6,508,701 6,502,434 6,503,905 293 4,796 100% 450 Palais Royale Historic Preservation 8,247 240 1,547 378 6,700 19% 451 2018 Fire Station #9 Bond Capital - 91 334 453 (334) 0% 453 Zoo Bond Capital 5,891,800 5,891,800 5,891,800 - - 100% 455 2021 Infrastructure Bond Capital - 1,093 4,047 - (4,047) 0% 471 2017 Parks Bond Capital 4,801 1,192 4,472 8,503 329 93% 750 Equipment/Vehicle Leasing - - - 4 - 0% 759 2017 Eddy Street Commons Bond Capital - 0 0 0 - 0% Total Capital Funds 19,424,929 12,666,089 13,764,832 738,122 5,660,099 71% Enterprise Funds 600 Consolidated Building 1,603,384 143,065 332,119 343,251 1,271,265 21% 601 Parking Garages 965,795 84,203 228,978 247,584 736,817 24% 602 Morris Performing Arts Center Operations 2,203,607 206,072 1,212,921 - 990,686 55% 610 Solid Waste Operations 6,443,200 788,814 1,823,676 1,561,663 4,619,524 28% 611 Solid Waste Capital 2,554,161 112,888 429,310 296,311 2,124,851 17% 620 Water Works Operations 21,470,434 1,855,286 4,872,362 5,004,649 16,598,072 23% 622 Water Works Capital 4,183,877 338,186 1,014,479 920,327 3,169,398 24% 624 Water Works Customer Deposit - - - 1,825 - 0% 625 Water Works Sinking (Debt Service)2,662,430 221,869 665,607 377,994 1,996,823 25% 626 Water Works Bond Reserve - 0 1 2,001 (1) 0% 629 Water Works Operations & Maintenance Reserve 15,296 - 15,296 4,195 - 100% 640 Sewer Repair Insurance 675,520 106,255 223,989 195,140 451,531 33% 641 Sewage Works Operations 38,878,186 3,724,366 10,835,919 10,499,720 28,042,267 28% 642 Sewage Works Capital 4,183,952 330,007 1,144,598 1,648,898 3,039,354 27% 643 Sewage Works Operations & Maintenance Reserve - - - 7,994 - 0% 649 Sewage Sinking (Debt Service)11,107,089 923,257 2,769,771 1,926,106 8,337,318 25% 653 Sewage Debt Service Reserve 36,647 - - 98 36,647 0% 654 Sewage Works Customer Deposit - - - 955 - 0% 667 Storm Sewer 1,151,372 160,175 331,971 292,148 819,401 29% 670 Century Center Operations 4,125,935 230,567 1,540,055 503,697 2,585,880 37% 671 Century Center Capital 1,000 8 24 24 976 2% Total Enterprise Funds 102,261,885 9,225,020 27,441,076 23,834,579 74,820,809 27% Internal Service Funds 222 Central Services 8,878,391 839,276 2,217,414 1,722,652 6,660,977 25% 224 Central Services Capital - - - 55,038 - 0% 226 Liability Insurance 3,398,847 282,251 850,131 833,691 2,548,716 25% 278 Police Take Home Vehicle 11,154 3,202 9,381 2,662 1,773 84% 279 IT / Innovation / 311 Call Center 9,689,729 831,729 2,632,495 2,312,159 7,057,234 27% 711 Self-Funded Employee Benefits 16,625,249 1,362,161 4,386,644 4,355,077 12,238,605 26% 713 Unemployment Compensation 105,726 9,399 23,012 1,662 82,714 22% 714 Parental Leave 258,703 19,625 59,113 57,630 199,590 23% Total Internal Service Funds 38,967,799 3,347,644 10,178,190 9,340,571 28,789,609 26% Fiduciary Funds 701 Fire Pension 4,521,270 - 4,177 427 4,517,094 0% 702 Police Pension 6,064,050 - 1,858 4,644 6,062,192 0% Total Fiduciary Funds 10,585,320 - 6,034 5,071 10,579,286 0% Total City Controlled Funds 376,587,385 34,742,649 82,059,306 61,338,929 294,528,076 22% 14 City of South Bend Monthly Fund Financials Revenue Summary March 31, 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 72,449 258,216 628,356 18,016,315 1% 422 TIF - West Washington 293,562 355 1,306 1,624 292,256 0% 429 TIF - River East Development Area (NE Dev) 3,850,354 2,726 26,896 8,375 3,823,458 1% 430 TIF - Southside Development Area #1 1,885,035 4,141 15,284 18,025 1,869,751 1% 435 TIF - Douglas Road 169,511 23 185 134 169,326 0% 436 TIF - River East Residential Area (NE Res)6,032,047 858 4,600 5,608 6,027,447 0% Total Tax Increment Financing Funds 30,505,040 80,552 306,486 662,121 30,198,553 1% Redevelopment Funds 433 Redevelopment General 1,562,572 890 3,339 42,217 1,559,233 0% 439 Certified Technology Park 101 3 12 16 89 12% 452 2018 TIF Park Bond Capital - 699 2,572 3,755 (2,572) 0% 454 Airport Urban Enterprise Zone 2 118 434 588 (432) 21693% Total Redevelopment Funds 1,562,675 1,710 6,357 46,575 1,556,318 0% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 1,498 - 0% 328 SBCDA 2003 Debt Reserve - - - 2,505 - 0% 351 2018 TIF Park Bond Debt Service 9,357 297 1,095 1,483 8,262 12% 352 2019 South Shore Double Tracking Debt Service 1,035,010 0 518,501 518,001 516,509 50% 353 2020 TIF Library Bond Debt Service Reserve 10 1 4 4 6 40% Total Debt Service Funds 1,044,377 299 519,600 523,492 524,777 50% Total Redevelopment Commission Funds 33,112,092 82,561 832,443 1,232,189 32,279,649 3% Grand Total 409,699,477 34,825,209 82,891,749 62,571,118 326,807,725 20% 15 City of South Bend Monthly Fund Financials Expenditure Summary March 31, 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 6,638,236 18,221,805 16,881,201 3,060,726 92,813,478 19% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 18,465,596 1,078,142 3,697,958 3,552,796 1,349,598 13,418,039 27% 202 Motor Vehicle Highway 11,823,651 781,157 2,943,798 4,010,731 608,482 8,271,371 30% 209 Studebaker-Oliver Revitalizing Grants 262,443 2,717 2,717 20,534 50,443 209,283 20% 210 Economic Development State Grants 595,236 4,332 9,981 18,003 109,870 475,384 20% 211 Dept of Community Investment Operating 5,759,541 284,453 814,707 825,887 350,903 4,593,931 20% 212 Dept of Community Investment Grants 9,443,375 194,358 351,281 407,830 3,856,033 5,236,061 45% 216 Police State Seizures 44,500 - - 71,043 - 44,500 0% 217 Gift, Donation, Bequest 650,289 16,192 83,696 82,748 244,588 322,006 50% 218 Police Curfew Violations 18,799 - 13,888 - - 4,911 74% 219 Unsafe Building 23,000 - 2,210 13,153 17,790 3,000 87% 220 Law Enforcement Continuing Education 523,568 66,514 166,616 196,330 123,770 233,183 55% 221 Rental Units Regulation 450,794 9,127 30,842 44,757 99,686 320,266 29% 227 Loss Recovery - - - 69,630 - - 0% 230 Code Enforcement 5,014,435 275,054 831,003 814,754 256,474 3,926,957 22% 249 Local Income Tax - Public Safety 12,689,047 976,080 2,928,240 1,927,308 - 9,760,807 23% 251 Local Road & Street 3,656,900 110,904 133,265 932,800 900,262 2,623,374 28% 257 LOIT Special Distribution 56,950 - - 23,927 56,950 - 100% 258 Human Rights Federal Grants 248,783 19,199 49,240 77,314 16,667 182,876 26% 263 American Rescue Plan 13,510,000 5,240 1,893,930 1,361 178,050 11,438,020 15% 264 COVID-19 Response 790,735 72,156 170,461 975,509 822,029 (201,754) 126% 265 Local Road & Bridge Grant 2,923,443 - 197,847 1,138,240 504,569 2,221,026 24% 266 MVH Restricted 5,097,306 478,294 523,391 256,470 532,916 4,040,999 21% 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 7,181 36,427 2,893 23,069 39,863 60% 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 8,625 20,808 100,434 31% 299 Police Federal Drug Enforcement 28,500 - - - - 28,500 0% 404 Local Income Tax - Certified Shares 17,181,584 801,893 3,907,564 3,099,321 4,402,919 8,871,101 48% 408 Local Income Tax - Economic Development 26,707,859 1,029,366 2,653,141 1,524,492 4,145,198 19,909,520 25% 410 Urban Development Action Grant 24,000 - 6,000 6,000 - 18,000 25% 655 Project ReLeaf 449,708 65,638 133,660 134,868 - 316,048 30% 705 Police K-9 Unit 2,520 - 2,436 - - 84 97% 730 City Cemetery - - - - - - 0% 731 Bowman Cemetery - - - - - - 0% 754 Industrial Revolving Fund 4,918,709 441,050 2,837,025 352,380 11,490 2,070,195 58% Total Special Revenue Funds 142,332,490 6,719,049 24,962,194 20,589,700 18,682,563 98,687,736 31% 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 3,044,328 - 1,231,178 1,231,478 - 1,813,150 40% 755 South Bend Building Corporation 2,751,956 - 1,388,778 2,092,476 - 1,363,179 50% 756 2015 Smart Streets Bond Debt Service 1,711,694 - 853,784 854,234 - 857,910 50% 757 2015 Parks Bond Debt Service 372,557 - 187,141 185,516 - 185,416 50% 760 2017 Eddy Street Commons Bond Debt Service 1,926,375 - 962,625 744,500 - 963,750 50% Total Debt Service Funds 11,722,804 - 5,369,054 5,864,202 - 6,353,750 46% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 16 City of South Bend Monthly Fund Financials Expenditure Summary March 31, 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 - 567,083 609,470 2,224,466 4,006,790 41% 401 Coveleski Stadium Capital 25,715 - 6,962 - 715 18,038 30% 406 Cumulative Capital Development 512,428 11,974 64,024 55,061 - 448,404 12% 407 Cumulative Capital Improvement 489,341 19,945 59,836 65,540 16,500 413,005 16% 412 Major Moves Construction 1,789,238 43,822 44,689 7,510 445,349 1,299,201 27% 413 Professional Sports Convention Development Area 2,304,900 263,005 927,815 - 106,935 1,270,150 45% 416 Morris Performing Arts Center Capital 8,475,984 416,519 433,549 - 6,796,130 1,246,305 85% 450 Palais Royale Historic Preservation 35,000 - - - - 35,000 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 453 Zoo Bond Capital 5,891,800 318,188 318,188 - - 5,573,613 5% 455 2021 Infrastructure Bond Capital 3,815,260 170,828 204,294 - 1,424,228 2,186,738 43% 471 2017 Parks Bond Capital 4,264,527 68,518 180,010 357,931 2,550,416 1,534,100 64% 750 Equipment/Vehicle Leasing 347,697 347,697 347,697 - - - 100% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 34,750,229 1,660,495 3,154,146 1,095,512 13,564,739 18,031,344 48% Enterprise Funds 600 Consolidated Building 2,046,854 146,873 464,114 450,842 753 1,581,988 23% 601 Parking Garages 1,413,495 73,529 327,466 167,048 295,848 790,181 44% 602 Morris Performing Arts Center Operations 1,683,579 107,667 301,313 - 16,806 1,365,459 19% 610 Solid Waste Operations 7,106,763 1,153,359 2,434,911 1,499,010 840,086 3,831,766 46% 611 Solid Waste Capital 3,333,296 758,270 961,832 309,427 1,305,591 1,065,873 68% 620 Water Works Operations 24,213,606 2,459,159 6,890,191 5,120,794 894,418 16,428,997 32% 622 Water Works Capital 12,735,287 116,951 247,863 208,458 2,002,391 10,485,033 18% 624 Water Works Customer Deposit - - - 1,825 - - 0% 625 Water Works Sinking (Debt Service)2,662,430 - 500 104 - 2,661,930 0% 626 Water Works Bond Reserve - - - 2,000 - - 0% 629 Water Works Operations & Maintenance Reserve - - - 4,195 - - 0% 640 Sewer Repair Insurance 753,069 139,898 247,139 189,720 - 505,930 33% 641 Sewage Works Operations 45,726,498 4,382,105 12,514,308 9,723,274 3,660,067 29,552,123 35% 642 Sewage Works Capital 14,614,348 726,313 726,313 38,486 3,588,766 10,299,268 30% 643 Sewage Works Operations & Maintenance Reserve - - - 7,994 - - 0% 649 Sewage Sinking (Debt Service)11,107,089 28,000 29,100 - - 11,077,989 0% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - 955 - - 0% 667 Storm Sewer 2,271,456 86,430 98,898 140,881 1,368,682 803,876 65% 670 Century Center Operations 4,094,958 342,643 870,201 587,186 27,430 3,197,326 22% 671 Century Center Capital 35,000 - - - - 35,000 0% Total Enterprise Funds 133,797,727 10,521,196 26,114,148 18,452,199 14,000,838 93,682,739 30% Internal Service Funds 222 Central Services 8,873,729 730,755 2,321,298 1,938,117 58,499 6,493,932 27% 224 Central Services Capital - - - 80,263 - - 0% 226 Liability Insurance 5,603,078 305,780 606,572 477,053 650,791 4,345,715 22% 278 Police Take Home Vehicle 50,000 - - 165 - 50,000 0% 279 IT / Innovation / 311 Call Center 10,643,243 942,872 2,598,586 2,477,890 1,812,430 6,232,228 41% 711 Self-Funded Employee Benefits 18,399,864 1,489,383 4,108,500 4,326,183 1,111,301 13,180,063 28% 713 Unemployment Compensation 80,000 5,072 7,308 19,413 - 72,692 9% 714 Parental Leave 253,846 7,200 23,059 37,415 - 230,787 9% Total Internal Service Funds 43,903,760 3,481,062 9,665,324 9,356,499 3,633,020 30,605,417 30% Fiduciary Funds 701 Fire Pension 4,583,888 340,526 1,027,794 1,035,762 3,500 3,552,595 22% 702 Police Pension 6,057,740 502,540 1,512,249 1,536,634 3,500 4,541,991 25% Total Fiduciary Funds 10,641,628 843,066 2,540,043 2,572,396 7,000 8,094,586 24% Total City Controlled Funds 491,244,646 29,863,104 90,026,715 74,811,710 52,948,886 348,269,050 29% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 17 City of South Bend Monthly Fund Financials Expenditure Summary March 31, 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 22,956,292 624,965 5,364,590 6,601,867 5,289,431 12,302,271 46% 422 TIF - West Washington 228,561 - - 518 49,129 179,432 21% 429 TIF - River East Development Area (NE Dev) 6,078,801 118,016 228,489 146,740 2,593,699 3,256,613 46% 430 TIF - Southside Development Area #1 7,611,164 6,950 59,950 333,978 2,434,108 5,117,105 33% 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 - 2,442,289 2,432,768 - 2,479,415 50% Total Tax Increment Financing Funds 42,050,558 749,932 8,273,872 9,517,238 10,367,675 23,409,011 44% Redevelopment Funds 433 Redevelopment General 991,283 1,750 115,425 477,565 169,858 706,000 29% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital 2,389,024 - - 53,028 2,225,241 163,783 93% 454 Airport Urban Enterprise Zone - - - - - - 0% Total Redevelopment Funds 3,380,307 1,750 115,425 530,593 2,395,099 869,783 74% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 1,498 - - 0% 328 SBCDA 2003 Debt Reserve - - - 2,505 - - 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,029,750 - 516,625 512,875 - 513,125 50% 353 2020 TIF Library Bond Debt Service Reserve - - 8 - - (8) 0% Total Debt Service Funds 1,029,750 - 516,633 516,879 - 513,117 50% Total Redevelopment Commission Funds 46,460,614 751,682 8,905,930 10,564,709 12,762,773 24,791,911 47% Grand Total 537,705,260 30,614,786 98,932,644 85,376,419 65,711,659 373,060,961 31% * 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 Shares744,465 744,465 744,465 - - - - - - - - - 2,233,396 9,021,120 25% LIT for Economic Development 1,005,450 1,005,450 1,005,450 - - - - - - - - - 3,016,351 12,216,636 25% LIT for Public Safety725,425 725,425 725,425 - - - - - - - - - 2,176,275 8,826,957 25% LIT for Redevelopment8 8 8 - - - - - - - - - 23 7,000 0% LIT Additional - Supplemental Distrib- - - - - - - - - - - - - - NA Sub Total2,475,348 2,475,348 2,475,348 - - - - - - - - - 7,426,045 30,071,713 25%Total Taxes2,475,348 2,475,348 2,475,348 - - - - - - - - - 7,426,045 116,972,926 6%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 Tax557,915 545,448 549,715 - - - - - - - - - 1,653,078 5,829,152 28% Wheel Tax135,309 114,163 157,569 - - - - - - - - - 407,041 2,100,000 19% PSCDA Tax265,657 224,381 103,144 - - - - - - - - - 593,182 1,500,000 40% State Pension Subsidy- - - - - - - - - - - - - 10,578,999 0% Sub Total1,052,488 883,992 810,428 - - - - - - - - - 2,746,909 25,263,896 11% Local Government Shared Revenue Hotel Motel Tax1,258,937 - - - - - - - - - - - 1,258,937 2,274,437 55% Grants Federal Grants397,089 527,201 2,683,009 - - - - - - - - - 3,607,300 41,432,829 9% State Grants- 75,432 - - - - - - - - - - 75,432 568,343 13% Sub Total397,089 602,634 2,683,009 - - - - - - - - - 3,682,732 42,001,172 9% Other Intergovernmental Staffing Agreements with County- 30,000 - - - - - - - - - - 30,000 30,000 100% Local Government Grants- - - - - - - - - - - - - 55,000 0% Federal Seized Drug- - 70,027 - - - - - - - - - 70,027 25,000 280% State Seized Drug- - - - - - - - - - - - - 5,000 0%Sub Total- 30,000 70,027 - - - - - - - - - 100,027 115,000 87%Total Intergovernmental Revenue 2,708,515 1,516,626 3,563,464 - - - - - - - - - 7,788,605 69,654,505 11%Licenses & PermitsBusiness Business Licenses15,490 25,501 16,589 - - - - - - - - - 57,579 104,025 55% Taxi Cab Licensing21 - 220 - - - - - - - - - 241 2,300 10% Sub Total15,511 25,501 16,809 - - - - - - - - - 57,820 106,325 54% Nonbusiness Lawn Parking180 45 560 - - - - - - - - - 785 10,000 8% Engineering3,975 3,955 5,860 - - - - - - - - - 13,790 156,100 9% Right-of-Way Closures- 100 350 - - - - - - - - - 450 1,500 30% Park Food Sales Permit- 25 26 - - - - - - - - - 51 - NA Fire Dept-Building Plan Review874 2,229 2,633 - - - - - - - - - 5,736 24,000 24% Building Department98,526 86,698 141,787 - - - - - - - - - 327,011 1,585,100 21% SBARC - Pet Licenses1,490 2,300 3,235 - - - - - - - - - 7,025 37,000 19%Sub Total105,045 95,352 154,451 - - - - - - - - - 354,848 1,813,700 20%Total Licenses & Permits120,555 120,853 171,260 - - - - - - - - - 412,668 1,920,025 21%Period Ending: March 31, 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: March 31, 2022Charges for ServicesGeneral Government Plan Commission Charges800 100 300 - - - - - - - - - 1,200 4,100 29% Copies of Public Records129 - 26 - - - - - - - - - 154 1,200 13% Historic Preserv Certificate of Approval 40 20 220 - - - - - - - - - 280 2,000 14% IT Services- - - - - - - - - - - - - - NA Sub Total969 120 546 - - - - - - - - - 1,634 7,300 22%Public Safety Accident Report Copies7,467 3,554 12,126 - - - - - - - - - 23,146 81,000 29% Traffic Signal Maintenance8,511 10,921 - - - - - - - - - - 19,432 257,500 8% EMS Special Event Coverage- 4,740 49,122 - - - - - - - - - 53,861 150,000 36% Regional Academy Tuition5,400 2,600 850 - - - - - - - - - 8,850 20,000 44% River Rescue School Tuition19,405 (2,800) - - - - - - - - - - 16,605 90,000 18% Fire Training Center Tuition505 3,915 1,515 - - - - - - - - - 5,935 50,000 12% Emergency Medical Service261,028 254,111 364,083 - - - - - - - - - 879,222 3,000,000 29% Medicaid Reimbursements- - - - - - - - - - - - - 443,000 0% EMS for County164,337 164,337 164,337 - - - - - - - - - 493,011 1,837,850 27% Hazmat Charges- - - - - - - - - - - - - 10,000 0% Police Special Event Coverage- - - - - - - - - - - - - 15,000 0% Crime Lab Services925 1,706 875 - - - - - - - - - 3,506 10,000 35% EMS Late Payment Interest- 3,703 1,192 - - - - - - - - - 4,895 15,000 33% Misc Revenue- - - - - - - - - - - - - 500 0% Sub Total467,578 446,786 594,100 - - - - - - - - - 1,508,464 5,979,850 25% Culture & Recreation Morris Performing Arts Center22,058 24,638 191,643 - - - - - - - - - 238,339 987,000 24% Palais Royale Ballroom4,720 20,484 11,463 - - - - - - - - - 36,667 144,190 25% Parks & Recreation232,465 209,399 220,174 - - - - - - - - - 662,038 3,196,581 21% Lease of Coveleski Stadium- - 274 - - - - - - - - - 274 25,000 1% Century Center68,058 136,585 196,809 - - - - - - - - - 401,452 2,678,000 15% Sub Total327,302 391,106 620,363 - - - - - - - - - 1,338,770 7,030,771 19% Highways & Streets Sale of Signs/Materials883 - - - - - - - - - - - 883 3,300 27% Special Events- - - - - - - - - - - - - 1,500 0% Sub Total883 - - - - - - - - - - - 883 4,800 18% Sanitation Trash Collection/Residential467,840 498,325 497,781 - - - - - - - - - 1,463,946 5,504,876 27% Trash Collection/Commercial9,998 10,506 10,511 - - - - - - - - - 31,015 124,680 25% Trash Collection/Apt 2 Units3,996 4,233 4,260 - - - - - - - - - 12,488 51,950 24% Trash Collection/Apt 3 Units1,879 1,979 1,993 - - - - - - - - - 5,850 23,897 24% Trash Collection/Apt 4 Units2,313 2,440 2,478 - - - - - - - - - 7,232 29,092 25% Trash Collection/Seniors- - - - - - - - - - - - - 46,755 0% Trash Collection/Special Pickup1,580 1,700 2,080 - - - - - - - - - 5,360 32,000 17% Trash Collection/Yard Waste Pickup40 10 90 - - - - - - - - - 140 250 56% Misc/Additional Trash Totes(67) (90) (148) - - - - - - - - - (305) - NA Misc/Return Trip Customer Error1,130 880 1,390 - - - - - - - - - 3,400 10,000 34% Misc/Contamination Fee- - - - - - - - - - - - - 500 0% Misc/Tote Replacement Fee350 598 450 - - - - - - - - - 1,398 3,000 47% Misc/Trash Start Fee3,320 2,940 3,510 - - - - - - - - - 9,770 48,000 20% Misc/Yard Waste Totes108 64 33 - - - - - - - - - 204 523,200 0% Sub Total492,487 523,586 524,426 - - - - - - - - - 1,540,499 6,398,200 24% 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: March 31, 2022Charges for Services Utilities - Water Metered Sales/Residential655,684 645,891 632,796 - - - - - - - - - 1,934,371 8,534,213 23% Metered Sales/Commercial188,023 185,869 194,028 - - - - - - - - - 567,921 2,708,998 21% Metered Sales/Industrial25,906 25,142 31,102 - - - - - - - - - 82,150 518,557 16% Metered Sales/Multi Family103,007 102,043 101,128 - - - - - - - - - 306,178 1,294,174 24% Bulk Sales/Olive St- - - - - - - - - - - - - 7,476 0% Metered Sales/Institution11,203 11,968 10,909 - - - - - - - - - 34,080 140,287 24% Public Fire Protection216,186 214,425 217,050 - - - - - - - - - 647,661 2,726,802 24% Private Fire Protection37,837 37,666 37,801 - - - - - - - - - 113,305 512,768 22% Sales to Public Authorities31,382 29,827 30,862 - - - - - - - - - 92,070 302,036 30% Irrigation Sales710 152 849 - - - - - - - - - 1,712 1,446,969 0% Other Water/Misc Service12,104 10,211 18,162 - - - - - - - - - 40,477 497,154 8% Backflow Prevention Insp.16,800 12,500 13,825 - - - - - - - - - 43,125 170,026 25% Water Main Extension- - - - - - - - - - - - - - NA Rents From Water Property- - - - - - - - - - - - - - NA Revenue From Cut Off Fees375 - 375 - - - - - - - - - 750 5,000 15% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 44,000 0% Water Leak Insurance85,216 93,374 88,566 - - - - - - - - - 267,157 1,111,911 24% System Development Fee3,856 436 3,001 - - - - - - - - - 7,292 210,000 3% Sub Total1,388,288 1,369,506 1,380,455 - - - - - - - - - 4,138,249 20,230,371 20% Utilities - Sewage Metered Sales/Residential1,747,223 1,720,245 1,722,884 - - - - - - - - - 5,190,352 20,052,148 26% Metered Sales/Commercial626,435 668,879 659,390 - - - - - - - - - 1,954,704 7,576,499 26% Metered Sales/Industrial526,602 724,506 444,049 - - - - - - - - - 1,695,157 5,401,760 31% Metered Sales/Multi Family251,249 305,370 260,575 - - - - - - - - - 817,193 3,152,406 26% Metered Sales/Institution27,331 28,021 27,276 - - - - - - - - - 82,628 299,645 28% Sales to Public Authority80,407 77,689 79,879 - - - - - - - - - 237,975 1,124,666 21% Wholesale Meter/New Carlisle- - - - - - - - - - - - - 255,691 0% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 340,283 0% Dumping Fees788 928 1,645 - - - - - - - - - 3,360 23,001 15% Laboratory Service Fees- - - - - - - - - - - - - 1,560 0% Discharge Permit Fees500 1,250 2,500 - - - - - - - - - 4,250 5,720 74% System Development Fee8,296 1,083 17,899 - - - - - - - - - 27,278 339,000 8% Sewer Repair Insurance47,219 51,667 49,076 - - - - - - - - - 147,961 579,500 26% Sewer Repair Deductible8,086 9,218 8,434 - - - - - - - - - 25,738 80,000 32% UAP Assistance Fee94,855 95,027 94,545 - - - - - - - - - 284,428 840,000 34% UAP Credit (Contra)(35,000) (35,950) (37,322) - - - - - - - - - (108,272) (840,000) 13% RINS Credits- - - - - - - - - - - - - - NA Disconnect Program Fee- - - - - - - - - - - - - - NA Sub Total3,383,990 3,647,933 3,330,829 - - - - - - - - - 10,362,753 39,231,879 26% Utilities - Other Storm Water Fees80,646 89,900 86,029 - - - - - - - - - 256,575 1,147,200 22% Clean Air/ReLeaf (Leaf Pickup)36,205 40,005 37,726 - - - - - - - - - 113,935 451,610 25% Sub Total116,851 129,904 123,755 - - - - - - - - - 370,511 1,598,810 23% Organic Resources Yard Waste Drop-Off28,266 1,215 4,626 - - - - - - - - - 34,108 95,501 36%Mulch/Compost Sales160 288 4,220 - - - - - - - - - 4,668 70,070 7% Sub Total28,426 1,504 8,846 - - - - - - - - - 38,775 165,571 23%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: March 31, 2022Charges for Services Health - Animal Care & Control Pet Impound Reclaim Fee150 305 910 - - - - - - - - - 1,365 6,300 22% Pet Adoption Fees1,422 1,546 2,469 - - - - - - - - - 5,437 25,000 22% Pick Up Fees80 - - - - - - - - - - - 80 500 16% Pet Micro Chipping160 320 400 - - - - - - - - - 880 3,600 24% Vet Expenses75 160 385 - - - - - - - - - 620 3,100 20% Pet Euthanasia- 20 - - - - - - - - - - 20 100 20% Animal Surrenders860 640 1,000 - - - - - - - - - 2,500 8,000 31% Cremation263 430 770 - - - - - - - - - 1,463 2,200 67% Rabies Specimen Prep30 60 - - - - - - - - - - 90 500 18% Boarding- 240 30 - - - - - - - - - 270 1,000 27% Sub Total3,040 3,721 5,964 - - - - - - - - - 12,725 50,300 25% Other DCI Staff Contracts8,297 9,352 134,589 - - - - - - - - - 152,237 1,438,326 11% Other Misc Charges for Services- - - - - - - - - - - - - 35,000 0% Parking-Garages70,942 69,500 79,946 - - - - - - - - - 220,388 913,300 24% Parking-Century Center12,745 6,720 27,565 - - - - - - - - - 47,030 100,000 47% Central Services-Internal Customers 651,692 617,253 792,125 - - - - - - - - - 2,061,069 8,166,626 25% Central Services-External Customers 35,872 34,872 32,507 - - - - - - - - - 103,251 469,375 22% Employee & Employer Assessments 1,379,185 1,360,234 1,370,480 - - - - - - - - - 4,109,898 16,549,886 25% Sub Total2,158,732 2,097,930 2,437,212 - - - - - - - - - 6,693,874 27,672,513 24%Total Charges for Services8,368,546 8,612,097 9,026,496 - - - - - - - - - 26,007,138 108,370,365 24%Fines, Forfeitures, & FeesGeneral Ordinance Violation- - - - - - - - - - - - - 5,500 0% Bad Checks Fines- - 24 - - - - - - - - - 24 525 5% Court Fees- 1,640 50 - - - - - - - - - 1,690 10,000 17% Plan Commission Application Fee2,300 1,250 1,150 - - - - - - - - - 4,700 23,250 20% Zoning Appeals Application Fee650 1,125 1,650 - - - - - - - - - 3,425 11,250 30% Zoning Admin Fees1,400 1,200 1,400 - - - - - - - - - 4,000 13,950 29% Zoning Admin Fines- - 100 - - - - - - - - - 100 - NA Tax Abatement Admin Fees- - 1,935 - - - - - - - - - 1,935 10,000 19% Test Filling Fees450 900 600 - - - - - - - - - 1,950 2,000 98% Econ Dev-CDBG Loan Late Fees- - - - - - - - - - - - - - NA Sub Total4,800 6,115 6,909 - - - - - - - - - 17,824 76,475 23%Code Enforcement Vacant Bldg Registration- 300 - - - - - - - - - - 300 12,900 2% Landlord Registration Fee- - - - - - - - - - - - - - NA Rental Unit Safety Fees750 250 750 - - - - - - - - - 1,750 100,000 2% Demolition & Boarding358 771 301 - - - - - - - - - 1,429 45,000 3% Collections698 - 5 - - - - - - - - - 703 12,000 6% Environmental Violations2,952 9,265 5,315 - - - - - - - - - 17,532 165,000 11% Ordinance Violation2,216 538 205 - - - - - - - - - 2,959 27,500 11% Animal Ordinance Violation3,564 208 1,210 - - - - - - - - - 4,982 25,000 20% Forfeitures-Civil Penalties- 1,000 - - - - - - - - - - 1,000 117,500 1%Sub Total10,539 12,330 7,785 - - - - - - - - - 30,655 504,900 6%ParkingStreet Parking Fines2,270 1,770 4,495 - - - - - - - - - 8,535 52,500 16%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: March 31, 2022Fines, Forfeitures, & FeesPublic Safety False Alarms Fine16,638 8,585 5,123 - - - - - - - - - 30,346 80,000 38% Noise Ordinance103 170 179 - - - - - - - - - 452 1,000 45% Curfew Violation- - - - - - - - - - - - - 200 0% Impound Towing Fees715 828 697 - - - - - - - - - 2,240 10,000 22%Sub Total17,456 9,583 6,000 - - - - - - - - - 33,039 91,200 36%Total Fines, Forfeitures, & Fees35,065 29,799 25,189 - - - - - - - - - 90,052 725,075 12%Other IncomeMiscellaneous Revenue Miscellaneous Revenue746 76,520 6,636 - - - - - - - - - 83,902 500,694 17% Sale of Scrap Metal- 2,082 1,773 - - - - - - - - - 3,855 20,142 19% Bond Interest Rebate- - - - - - - - - - - - - 80,242 0% Origination Fees4,840 31,243 - - - - - - - - - - 36,083 7,000 515% Loan Servicing Fees7,000 - 975 - - - - - - - - - 7,975 15,000 53% Sub Total12,586 109,844 9,383 - - - - - - - - - 131,814 623,078 21% Bank Account Interest194,087 65,944 93,291 - - - - - - - - - 353,322 1,610,736 22% Rental of Property5,416 14,663 10,932 - - - - - - - - - 31,010 121,387 26% Donations584,444 183,567 92,351 - - - - - - - - - 860,363 3,419,000 25% 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 Income796,533 569,737 205,957 - - - - - - - - - 1,572,227 6,609,201 24%Reimbursements Miscellaneous Reimbursements5,303 131,228 63,936 - - - - - - - - - 200,466 21,250 943% Insurance Claim- - - - - - - - - - - - - 20,000 0% IT Services5,377 5,377 5,377 - - - - - - - - - 16,131 64,525 25% Travel Reimbursement- - - - - - - - - - - - - 1,800 0% Lamppost Program- - - - - - - - - - - - - 8,000 0% Energy Rebates- - - - - - - - - - - - - 45,000 0% Repair Reimbursement- 75 75 - - - - - - - - - 150 20,000 1% Salary/Overtime Reimb6,230 8,645 12,188 - - - - - - - - - 27,062 387,000 7% Diesel Tax Rebate- - - - - - - - - - - - - 50,000 0% Pharmacy Rebates133,067 198,064 20,416 - - - - - - - - - 351,547 375,000 94% Morris Advertising Reimbursement- - 600 - - - - - - - - - 600 - NA Sub Total149,977 343,389 102,591 - - - - - - - - - 595,956 992,575 60% Departmental Reimbursements- - 4,916 - - - - - - - - - 4,916 245,441 2%Total Reimbursements149,977 343,389 107,508 - - - - - - - - - 600,873 1,238,016 49%Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In8,902,932 2,862,538 4,535,535 - - - - - - - - - 16,301,005 51,371,560 32% PILOT3,039,663 - - - - - - - - - - - 3,039,663 6,079,325 50% Administration Cost Allocation752,500 752,500 752,500 - - - - - - - - - 2,257,500 9,030,000 25% IT Cost Allocation801,684 801,684 801,684 - - - - - - - - - 2,405,051 9,620,204 25% Liability Insurance Allocation280,417 280,417 280,417 - - - - - - - - - 841,250 3,365,000 25% Payroll Cost Allocation216,811 216,811 216,811 - - - - - - - - - 650,434 2,601,735 25% Facilities Management Allocation13,333 13,333 13,333 - - - - - - - - - 40,000 160,000 25% Utility Customer Service Mgmt Allocation109,977 109,977 109,977 - - - - - - - - - 329,932 1,319,726 25% Sub Total14,117,317 5,037,260 6,710,258 - - - - - - - - - 25,864,834 83,547,550 31%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: March 31, 2022Other SourcesSale of Assets Sale of Capital Assets- - - - - - - - - - - - - - NA Sale of Non-Capital Assets- - 23,500 - - - - - - - - - 23,500 - NA Sale of Property17,925 - - - - - - - - - - - 17,925 - NA Other Damage Reimbursement- - - - - - - - - - - - - - NA Vehicle Damage Reimbursement- - - - - - - - - - - - - - NA Hydrant Damage Reimbursement- - - - - - - - - - - - - 500 0% Sub Total17,925 - 23,500 - - - - - - - - - 41,425 500 8285% Issuance of Debt Capital Lease Proceeds- - - - - - - - - - - - - 7,556,000 0% Bond Proceeds- - 12,110,000 - - - - - - - - - 12,110,000 12,110,000 100% Premium on Bonds- - 283,690 - - - - - - - - - 283,690 283,690 100% Sub Total- - 12,393,690 - - - - - - - - - 12,393,690 19,949,690 62% Refunds Refunds240,646 287 1,188 - - - - - - - - - 242,121 - NA Specific Stop Loss234 3,927 - - - - - - - - - - 4,161 10,000 42% Utility Receipts Tax Refund- - - - - - - - - - - - - - NA Sub Total240,880 4,213 1,188 - - - - - - - - - 246,282 10,000 2463% 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 97,475 - - - - - - - - - 134,506 31,996 420% Other Loan - Interest Income13,593 23,271 23,876 - - - - - - - - - 60,740 152,300 40% Sub Total46,091 280,467 121,351 - - - - - - - - - 447,910 701,624 64%Total Other Sources14,422,213 5,321,940 19,249,987 - - - - - - - - - 38,994,141 104,209,364 37%Revenue Total29,076,752 18,989,788 34,825,209 - - - - - - - - - 82,891,749 409,699,477 20%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 85,770 - - - - - - - - - 244,205 1,048,915 23%Community Initiatives101 28,850 228,309 78,411 - - - - - - - - - 335,570 1,526,626 22%Community Police Review Office 101 - - - - - - - - - - - - - 103,199 0%Clerk101 46,576 41,333 42,787 - - - - - - - - - 130,696 694,547 19%Common Council101 32,144 37,173 37,057 - - - - - - - - - 106,375 724,941 15%General City101 67,500 8,329 1,154,152 - - - - - - - - - 1,229,981 39,538,000 3%Controller' Office101 139,766 151,078 143,775 - - - - - - - - - 434,619 2,569,304 17%Human Resources101 43,818 44,184 51,536 - - - - - - - - - 139,538 957,327 15%Diversity & Inclusion101 38,739 36,167 38,464 - - - - - - - - - 113,370 740,743 15%Human Rights101 31,753 32,791 28,191 - - - - - - - - - 92,735 462,479 20%Legal101 101,032 110,529 106,648 - - - - - - - - - 318,209 1,695,716 19%Sub Total605,508 773,000 1,766,790 - - - - - - - - - 3,145,298 50,061,797 6%Public WorksEngineering101 229,205 230,682 222,892 - - - - - - - - - 682,779 3,572,616 19%Sub Total229,205 230,682 222,892 - - - - - - - - - 682,779 3,572,616 19%Public SafetyPolice101 2,437,107 2,264,379 2,350,301 - - - - - - - - - 7,051,787 31,263,638 23%Crime Lab101 48,512 52,110 50,720 - - - - - - - - - 151,343 869,889 17%Fire101 2,089,089 2,075,047 2,148,267 - - - - - - - - - 6,312,404 26,372,790 24%EMS101 56,097 64,095 52,178 - - - - - - - - - 172,370 843,828 20%Fire Training Center101 3,535 5,188 4,907 - - - - - - - - - 13,630 123,630 11%Sub Total4,634,340 4,460,818 4,606,374 - - - - - - - - - 13,701,532 59,473,774 23%Community InvestmentSustainability101 1,808 546 864 - - - - - - - - - 3,218 101,458 3%Sub Total1,808 546 864 - - - - - - - - - 3,218 101,458 3%Arts & CultureMorris Performing Arts Center101 606,600 6,248 18,653 - - - - - - - - - 631,501 656,962 96%Palais Royale Ballroom101 18,879 15,936 22,663 - - - - - - - - - 57,478 229,403 25%Sub Total625,479 22,184 41,316 - - - - - - - - - 688,979 886,365 78%Total General Fund6,096,339 5,487,230 6,638,236 - - - - - - - - - 18,221,805 114,096,009 16%Venues, Parks & ArtsParks & RecreationPark Administration201 84,642 86,965 89,965 - - - - - - - - - 261,572 1,133,336 23%Park Maintenance201 606,620 558,304 565,318 - - - - - - - - - 1,730,241 8,037,456 22%Golf Courses201 94,822 83,034 118,212 - - - - - - - - - 296,068 1,839,260 16%Recreational Experiences201 281,368 187,364 209,056 - - - - - - - - - 677,789 2,470,739 27%Community Programming201 19,885 16,938 19,915 - - - - - - - - - 56,738 1,611,638 4%Development & Promotions201 107,817 49,551 65,886 - - - - - - - - - 223,255 969,442 23%Park Projects & Capital201 46,375 41,431 9,639 - - - - - - - - - 97,445 1,696,920 6%Potawatomi Zoo201 350,150 150 150 - - - - - - - - - 350,451 701,803 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 - 664,810 263,005 - - - - - - - - - 927,815 2,304,900 40%Morris PAC Improvement416 17,030 - 416,519 - - - - - - - - - 433,549 8,475,984 5%Palais Historic Preservation450 - - - - - - - - - - - - - 35,000 0%Morris Performing Arts Center Operations 602 97,320 96,327 107,667 - - - - - - - - - 301,313 1,683,579 18%Sub Total2,045,042 1,796,235 1,865,332 - - - - - - - - - 5,706,609 31,500,773 18%Parking GaragesParking Enforcement60162 62 162 - - - - - - - - - 285 1,038 27%Parking General Operations601 66,240 29,086 39,179 - - - - - - - - - 134,505 579,121 23%Main Street Garage601 6,862 46,676 11,475 - - - - - - - - - 65,013 309,407 21%Leighton Plaza Garage601 8,705 45,413 13,786 - - - - - - - - - 67,904 271,422 25%Wayne Street Garage601 4,888 45,943 8,929 - - - - - - - - - 59,760 252,507 24%Sub Total86,757 167,179 73,529 - - - - - - - - - 327,466 1,413,495 23%Period Ending: March 31, 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: March 31, 2022Century CenterCentury Center Operations 670 227,604 299,954 342,643 - - - - - - - - - 870,201 4,094,958 21%Century Center Capital671 - - - - - - - - - - - - - 35,000 0%Century Center Energy Saving672 - - - - - - - - - - - - - 402,368 0%Sub Total227,604 299,954 342,643 - - - - - - - - - 870,201 4,532,326 19%Total Venues, Parks & Arts2,359,402 2,263,369 2,281,504 - - - - - - - - - 6,904,276 37,446,594 18%Public SafetyPolice DepartmentPolice Seizures216 - - - - - - - - - - - - - 44,500 0%Curfew Violations218 13,888 - - - - - - - - - - - 13,888 18,799 74%Law Enforcement Education220 37,418 62,683 66,514 - - - - - - - - - 166,616 523,568 32%Public Safety Local Income Tax - Police 249 488,040 488,040 488,040 - - - - - - - - - 1,464,120 6,344,523 23%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 Total743,640 550,723 554,554 - - - - - - - - - 1,848,918 7,364,273 25%Fire DepartmentPublic Safety Local Income Tax - Fire 249 488,040 488,040 488,040 - - - - - - - - - 1,464,120 6,344,524 23%Fire Department Capital287 567,083 - - - - - - - - - - - 567,083 6,798,339 8%Haz-Mat289 - - - - - - - - - - - - - 10,000 0%Indiana River Rescue291 6,946 22,300 7,181 - - - - - - - - - 36,427 99,359 37%Sub Total1,062,069 510,340 495,221 - - - - - - - - - 2,067,630 13,252,222 16%Total Public Safety1,805,709 1,061,063 1,049,776 - - - - - - - - - 3,916,548 20,616,495 19%Public WorksStreetsMotor Vehicle Highway202 1,398,252 764,390 781,157 - - - - - - - - - 2,943,798 11,823,651 25%Local Road & Street251 20,092 2,268 110,904 - - - - - - - - - 133,265 3,656,900 4%LOIT 2016 Special Distribution257 - - - - - - - - - - - - - 56,950 0%Local Road & Bridge Grant265 - 197,847 - - - - - - - - - - 197,847 2,923,443 7%MVH Restricted Fund266 37,790 7,307 478,294 - - - - - - - - - 523,391 5,097,306 10%Major Moves412 - 867 43,822 - - - - - - - - - 44,689 1,789,238 2%Project ReLeaf655 38,751 29,271 65,638 - - - - - - - - - 133,660 449,708 30%Sub Total1,494,885 1,001,950 1,479,815 - - - - - - - - - 3,976,650 25,797,196 15%Solid WasteSolid Waste Operations610 655,522 626,031 1,153,359 - - - - - - - - - 2,434,911 7,106,763 34%Solid Waste Capital611 203,562 - 758,270 - - - - - - - - - 961,832 3,333,296 29%Sub Total859,084 626,031 1,911,629 - - - - - - - - - 3,396,743 10,440,059 33%Water WorksWater Works Operations620 2,704,987 1,726,045 2,459,159 - - - - - - - - - 6,890,191 24,213,606 28%Water Works Capital622 76,443 54,469 116,951 - - - - - - - - - 247,863 12,735,287 2%Water Works Sinking (Debt Service) 625 - 500 - - - - - - - - - - 500 2,662,430 0%Sub Total2,781,430 1,781,014 2,576,110 - - - - - - - - - 7,138,553 39,611,323 18%Wastewater/Sewer/Organic ResourcesSewer Repair Insurance640 53,257 53,984 139,898 - - - - - - - - - 247,139 753,069 33%Sewer Division641 542,054 435,590 1,970,000 - - - - - - - - - 2,947,643 7,989,049 37%Concrete Crew641 46,554 43,557 38,540 - - - - - - - - - 128,652 557,985 23%Wastewater Operations641 4,632,060 2,192,494 2,272,603 - - - - - - - - - 9,097,157 35,630,625 26%Organic Resources641 165,677 74,217 100,962 - - - - - - - - - 340,856 1,548,840 22%Sewage Works Capital642 - - 726,313 - - - - - - - - - 726,313 14,614,348 5%Sewage Works Sinking (Debt Service) 649 1,100 - 28,000 - - - - - - - - - 29,100 11,107,089 0%Sub Total5,440,702 2,799,843 5,276,316 - - - - - - - - - 13,516,860 72,201,004 19%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: March 31, 2022Storm Water FeesStorm Sewer Fund 667 2,385 10,083 86,430 - - - - - - - - - 98,898 2,271,456 4%Sub Total2,385 10,083 86,430 - - - - - - - - - 98,898 2,271,456 4%Total Public Works10,578,486 6,218,919 11,330,299 - - - - - - - - - 28,127,705 150,321,038 19%Department of Community InvestmentStudebaker/Oliver Revitalizing Grant 209 - - 2,717 - - - - - - - - - 2,717 262,443 1%Economic Development State Grants 210 - 5,649 4,332 - - - - - - - - - 9,981 595,236 2%DCI Operating 211 254,919 275,336 284,453 - - - - - - - - - 814,707 5,759,541 14%DCI Grants212 74,337 82,586 194,358 - - - - - - - - - 351,281 9,443,375 4%Unsafe Building219 700 1,510 - - - - - - - - - - 2,210 23,000 10%Rental Units Regulation221 10,065 11,650 9,127 - - - - - - - - - 30,842 450,794 7%Neighborhood Services & Enforcement 230 234,472 186,104 198,925 - - - - - - - - - 619,502 3,881,606 16%Animal Resource Center230 67,272 68,101 76,129 - - - - - - - - - 211,502 1,132,829 19%UDAG410 6,000 - - - - - - - - - - - 6,000 24,000 25%Building Dept Operations600 173,560 143,680 146,873 - - - - - - - - - 464,114 2,046,854 23%Industrial Revolving Fund754 123,432 2,272,544 441,050 - - - - - - - - - 2,837,025 4,918,709 58%Total Dept of Community Investment944,756 3,047,161 1,357,964 - - - - - - - - - 5,349,881 28,538,385 19%Liability InsuranceBusiness Insurance226 38,439 24,555 - - - - - - - - - - 62,994 1,230,000 5%Liability Insurance226 4,030 13,597 52,521 - - - - - - - - - 70,148 3,001,754 2%Workers Compensation226 218,111 1,581 253,259 - - - - - - - - - 472,951 1,268,000 37%Catastrophic Events226 364 115 - - - - - - - - - - 479 103,324 0%Total Liability Insurance260,944 39,848 305,780 - - - - - - - - - 606,572 5,603,078 11%Central ServicesEquipment Services222 763,846 748,148 701,554 - - - - - - - - - 2,213,547 7,945,303 28%Radio Shop222 15,590 14,629 14,783 - - - - - - - - - 45,002 283,073 16%Building Maintenance222 12,506 11,754 7,862 - - - - - - - - - 32,122 221,091 15%Facilities Management222 14,890 6,925 6,557 - - - - - - - - - 28,371 181,838 16%Central Services Capital222 - 2,256 - - - - - - - - - - 2,256 242,425 1%Total Central Services806,831 783,711 730,755 - - - - - - - - - 2,321,298 8,873,729 26%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 1,635,497 801,893 - - - - - - - - - 3,907,564 17,181,584 23%Cumulative Capital Development 406 40,076 11,974 11,974 - - - - - - - - - 64,024 512,428 12%Cumulative Capital Improvement 407 19,946 19,945 19,945 - - - - - - - - - 59,836 489,341 12%Local Income Tax - Economic Develop. 408 889,690 734,084 1,029,366 - - - - - - - - - 2,653,141 26,707,859 10%2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital453 - - 318,188 - - - - - - - - - 318,188 5,891,800 5%2021 Infrastructure Bond Capital455 - 33,466 170,828 - - - - - - - - - 204,294 3,815,260 5%2017 Park Bond Capital471 - 111,492 68,518 - - - - - - - - - 180,010 4,264,527 4%Equipment / Vehicle Leasing750 - - 347,697 - - - - - - - - - 347,697 347,697 100%Redevelopment Authority Debt Service 752 - 1,231,178 - - - - - - - - - - 1,231,178 3,044,328 40%South Bend Building Corporation 755 - 1,388,778 - - - - - - - - - - 1,388,778 2,751,956 50%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 2,768,409 - - - - - - - - - 13,103,807 70,530,931 19%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: March 31, 2022OtherInternal Service FundsIT / Innovation /311 Call Center 279 796,631 859,083 942,872 - - - - - - - - - 2,598,586 10,643,243 24%Self-Funded Employee Benefits711 1,355,367 1,263,751 1,489,383 - - - - - - - - - 4,108,500 18,399,864 22%Unemployment Compensation713 611 1,625 5,072 - - - - - - - - - 7,308 80,000 9%Parental Leave714 6,041 9,818 7,200 - - - - - - - - - 23,059 253,846 9%Sub Total2,158,649 2,134,277 2,444,527 - - - - - - - - - 6,737,453 29,376,953 23%MiscellaneousGift, Donation, Bequest217 16,100 51,404 16,192 - - - - - - - - - 83,696 650,289 13%Loss Recovery227 - - - - - - - - - - - - - - NA Human Rights Federal Grants258 14,958 15,083 19,199 - - - - - - - - - 49,240 248,783 20%American Rescue Plan263 1,859,986 28,704 5,240 - - - - - - - - - 1,893,930 13,510,000 14%COVID-19 Response264 57,024 41,280 72,156 - - - - - - - - - 170,461 790,735 22%Sub Total1,948,068 136,471 112,787 - - - - - - - - - 2,197,327 15,199,807 14%Fiduciary FundsFire Pension701 344,630 342,637 340,526 - - - - - - - - - 1,027,794 4,583,888 22%Police Pension702 504,789 504,920 502,540 - - - - - - - - - 1,512,249 6,057,740 25%Sub Total849,419 847,558 843,066 - - - - - - - - - 2,540,043 10,641,628 24%Total Other4,956,137 3,118,306 3,400,380 - - - - - - - - - 11,474,823 55,218,388 21%Total Civil City30,974,038 29,189,572 29,863,104 - - - - - - - - - 90,026,715 491,244,646 18%Redevelopment Commission Controlled FundsTax Increment Financing FundsTIF River West Development Area 324 4,399,775 339,849 624,965 - - - - - - - - - 5,364,590 22,956,292 23%TIF West Washington422 - - - - - - - - - - - - - 228,561 0%TIF River East Development Area 429 27,053 83,420 118,016 - - - - - - - - - 228,489 6,078,801 4%TIF Southside Development #1430 51,507 1,494 6,950 - - - - - - - - - 59,950 7,611,164 1%TIF Douglas Road435 178,553 - - - - - - - - - - - 178,553 254,036 70%TIF River East Residential Area436 2,195,625 246,664 - - - - - - - - - - 2,442,289 4,921,704 50%Sub Total6,852,513 671,427 749,932 - - - - - - - - - 8,273,872 42,050,558 20%Redevelopment FundsRedevelopment General433 110,000 3,675 1,750 - - - - - - - - - 115,425 991,283 12%Certified Technology Park439 - - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital452 - - - - - - - - - - - - - 2,389,024 0%Airport Urban Enterprise Zone454 - - - - - - - - - - - - - - NA Sub Total110,000 3,675 1,750 - - - - - - - - - 115,425 3,380,307 3%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 1,191,735 751,682 - - - - - - - - - 8,905,930 46,460,614 19%Total Expenditures37,936,551 30,381,307 30,614,786 - - - - - - - - - 98,932,644 537,705,260 18%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 Debt at1/1/222022Additions2022Principal2022InterestCity of South BendFiscal Year 2022Outstanding DebtDebtSched.Debt InstrumentYear ofIssueYear ofRefinanceYear ofMaturityFundNo.2022 TotalDebt PaymentsDebt at12/31/22PmtsAmountIssued29 Debt at1/1/222022Additions2022Principal2022InterestCity of South BendFiscal Year 2022Outstanding DebtDebtSched.Debt InstrumentYear ofIssueYear ofRefinanceYear ofMaturityFundNo.2022 TotalDebt PaymentsDebt at12/31/22PmtsAmountIssued80 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 9 - - - - - - - - - Community Initiatives6 4 4 5 - - - - - - - - - Community Police Review Board 1 - - - - - - - - - - - - City Clerk5 3 4 5 - - - - - - - - - Common Council9 9 9 9 - - - - - - - - - Controller's Office21 17 17 17 - - - - - - - - - Human Resources8 5 5 4 - - - - - - - - - Diversity & Inclusion3 3 3 3 - - - - - - - - - Human Rights4 4 3 3 - - - - - - - - - Legal Department13 10 9 11 - - - - - - - - - Engineering25 23 23 23 - - - - - - - - - Police Department276 270 260 257 - - - - - - - - - Police Crime Lab7 6 6 6 - - - - - - - - - Fire Department265 251 243 247 - - - - - - - - - EMS4 4 4 4 - - - - - - - - - 655 618 599 603 - - - - - - - - - 201 - Parks & RecreationAdministration5 5 6 6 - - - - - - - - - Maintenance43 43 47 46 - - - - - - - - - Golf Courses9 7 7 7 - - - - - - - - - Recreational Experiences10 10 10 10 - - - - - - - - - Community Programming14 11 7 7 - - - - - - - - - Development & Promotions7 7 6 7 - - - - - - - - - 88 83 83 83 - - - - - - - - - 202 - Motor Vehicle HighwayStreets/Traffic & Lighting51 52 50 52 - - - - - - - - - Curb & Sidewalk8 7 8 8 - - - - - - - - - 59 59 58 60 - - - - - - - - - 211 - Dept of Community Investment OperatingCommunity Investment37 28 28 28 - - - - - - - - - Historic Preservation2 2 2 2 - - - - - - - - - Office of Sustainability2 1 1 1 - - - - - - - - - 41 31 31 31 - - - - - - - - - March 31, 202231 City of South BendStaffing HeadcountMarch 31, 2022Full-Time Staffing Summary by FundBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec221 - Rental Units RegulationRental Unit Inspection5 2 1 1 - - - - - - - - - 222 - Central ServicesEquipment Services 31 26 26 26 - - - - - - - - - Radio Shop3 2 2 2 - - - - - - - - - Building Maintenance3 2 1 - - - - - - - - - - Facilities Management1 - - - - - - - - - - - - 38 30 29 28 - - - - - - - - - 230 - Code Enforcement FundNeighborhood Services20 20 20 19 - - - - - - - - - Animal Resource Center9 7 8 9 - - - - - - - - - 29 27 28 28 - - - - - - - - - 258 - Human Rights Federal GrantsEEOC1 1 1 1 - - - - - - - - - HUD1 1 1 1 - - - - - - - - - 2 2 2 2 - - - - - - - - - 279 - IT / Innovation / 311 Call Center311 Call Center8 8 8 8 - - - - - - - - - Innovation & Technology24 22 21 21 - - - - - - - - - 32 30 29 29 - - - - - - - - - 600 - Consolidated Building FundBuilding Department16 15 15 15 - - - - - - - - - 602 - Morris Performing Arts Center OperationsMorris Performing Arts Center9 9 8 6 - - - - - - - - - 610 - Solid WasteSolid Waste25 23 24 24 - - - - - - - - - 620 - Water WorksWater Works68 62 61 62 - - - - - - - - - 640 - Sewer InsuranceSewer Repair2 2 2 2 - - - - - - - - - 32 City of South BendStaffing HeadcountMarch 31, 2022Full-Time Staffing Summary by FundBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec641 - Sewage Works Sewers 35 36 34 33 - - - - - - - - - Concrete Crew4 5 4 4 - - - - - - - - - Wastewater44 39 42 42 - - - - - - - - - Organic Resources6 6 6 6 - - - - - - - - - 89 86 86 85 - - - - - - - - - 670 - Century CenterCentury Center7 5 5 5 - - - - - - - - - Total Full-Time Employees by Fund1,165 1,084 1,061 1,064 - - - - - - - - - Full-Time Staffing Summary by ActivityBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecGeneral GovernmentMayor's Office 8 9 9 9 - - - - - - - - - Community Initiatives6 4 4 5 - - - - - - - - - City Clerk5 3 4 5 - - - - - - - - - Community Police Review Board 1 - - - - - - - - - - - - Common Council9 9 9 9 - - - - - - - - - Controller's Office21 17 17 17 - - - - - - - - - Human Resources8 5 5 4 - - - - - - - - - Diversity & Inclusion3 3 3 3 - - - - - - - - - Human Rights6 6 5 5 - - - - - - - - - Legal Department13 10 9 11 - - - - - - - - - Central Services38 30 29 28 - - - - - - - - - 118 96 94 96 - - - - - - - - - Public WorksEngineering25 23 23 23 - - - - - - - - - Streets & Sewers100 102 98 99 - - - - - - - - - Solid Waste25 23 24 24 - - - - - - - - - Wastewater44 39 42 42 - - - - - - - - - Organic Resources6 6 6 6 - - - - - - - - - Water Works68 62 61 62 - - - - - - - - - 268 255 254 256 - - - - - - - - - 33 City of South BendStaffing HeadcountMarch 31, 2022Full-Time Staffing Summary by ActivityBudget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecPublic SafetyPolice - Sworn Officers 232 228 218 220 - - - - - - - - - Police - Civilians43 42 42 38 - - - - - - - - - Police - Police Recruit8 6 6 5 - - - - - - - - - Fire/EMS - Sworn Firefighters 256 248 240 239 - - - - - - - - - Fire/EMS - Civilians7 7 7 7 - - - - - - - - - Fire/EMS - Fire Recruits6 - - 5 - - - - - - - - - 552 531 513 514 - - - - - - - - - Venues, Parks & ArtsParks & Recreation88 83 83 83 - - - - - - - - - Morris Performing Arts Center9 9 8 6 - - - - - - - - - Century Center7 5 5 5 - - - - - - - - - 104 97 96 94 - - - - - - - - - Department of Community InvestmentCommunity Investment39 30 30 30 - - - - - - - - - Office of Sustainability2 1 1 1 - - - - - - - - - Neighborhood Services25 22 21 20 - - - - - - - - - Animal Resource Center9 7 8 9 - - - - - - - - - Building Department16 15 15 15 - - - - - - - - - 91 75 75 75 - - - - - - - - - Department of Innovation & Technology32 30 29 29 - - - - - - - - - Total Full-Time Employees by Activity1,165 1,084 1,061 1,064 - - - - - - - - - 34 City of South BendStaffing HeadcountMarch 31, 2022Part-Time Staffing Summary by FundJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec101 - General FundHuman Rights 1 1 1 - - - - - - - - - Legal Department 1 1 1 - - - - - - - - - Engineering 1 1 1 - - - - - - - - - Police Department 18 20 20 - - - - - - - - - Police Crime Lab 1 1 1 - - - - - - - - - Fire Department 1 1 1 - - - - - - - - - 23 25 25 - - - - - - - - - 201 - Parks & RecreationMaintenance 13 9 9 - - - - - - - - - Golf Courses6 10 38 - - - - - - - - - Recreational Experiences18 18 20 - - - - - - - - - Development & Promotions1 1 2 - - - - - - - - - 38 38 69 - - - - - - - - - 202 - Motor Vehicle HighwayStreets/Traffic & Lighting2 2 2 - - - - - - - - - 222 - Central ServicesEquipment Services1 1 1 - - - - - - - - - 230 - Code Enforcement FundNeighborhood Services1 1 1 - - - - - - - - - Animal Resource Center2 2 2 - - - - - - - - - 3 3 3 - - - - - - - - - 602 - Morris Performing Arts Center OperationsMorris Performing Arts Center3 3 3 - - - - - - - - - 620 - Water WorksWater Works- - 1 - - - - - - - - - 641 - Sewage Works Sewers4 4 3 - - - - - - - - - 670 - Century CenterCentury Center3 3 3 - - - - - - - - - Total Part-Time Employees by Fund77 79 110 - - - - - - - - - 35 City of South BendStaffing HeadcountMarch 31, 2022Paid Temporary, Seasonal, and Intern StaffingJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec101 - General FundMayor's Office 2 2 5 - - - - - - - - - City Clerk 1 1 1 - - - - - - - - - Diversity & Inclusion 2 2 2 - - - - - - - - - 5 5 8 - - - - - - - - - 201 - Parks & RecreationMaintenance3 3 8 - - - - - - - - - Golf Courses- 2 5 - - - - - - - - - Recreational Experiences58 54 48 - - - - - - - - - 61 59 61 - - - - - - - - - 230 - Code Enforcement FundAnimal Resource Center1 1 1 - - - - - - - - - 1 1 1 - - - - - - - - - 641 - Sewage Works Sewers1 1 1 - - - - - - - - - Wastewater1 - - - - - - - - - - - 2 1 1 - - - - - - - - - Total Paid Temporary, Seasonal, and Intern Staff69 66 71 - - - - - - - - - Staffing SummaryBudgetFull-Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecFull Time Staff1,165 1,084 1,061 1,064 - - - - - - - - - Part Time Staff77 79 110 - - - - - - - - - Temporary / Seasonal69 66 71 - - - - - - - - - City Total1,165 1,230 1,206 1,245 - - - - - - - - - 36 City of South Bend, Indiana Monthly Financial Report March 31, 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 77,890 77,890 216,235 26% Charges for Services 4,468,596 5,286,199 4,135,160 4,135,160 1,056,491 1,056,491 3,078,669 26% Fines, Forfeitures, and Fees 5,298 6,235 8,525 8,525 922 922 7,603 11% Interest Earnings 309,268 290,597 481,983 481,983 55,429 55,429 426,554 12% 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 1,333,520 376,805 376,805 956,715 28% Interfund Allocation Reimb 8,563,135 9,896,054 10,544,420 10,544,420 2,636,105 2,636,105 7,908,315 25% 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 7,336,912 7,336,912 65,880,370 10% Expenditures by Subdivisions Mayor 1,037,853 990,182 1,048,882 1,048,915 244,205 1,220 245,425 803,489 23% Community Initiatives 300,312 857,425 1,160,126 1,526,626 335,570 112,970 448,540 1,078,086 29% Community Police Review Office - 27,206 103,199 103,199 - - - 103,199 0% City Clerk 512,958 633,713 694,547 694,547 130,696 2,968 133,664 560,883 19% Common Council 483,761 593,820 724,311 724,941 106,375 1,090 107,465 617,477 15% General City 44,841 4,991,093 36,238,000 39,538,000 1,229,981 1,470,585 2,700,566 36,837,434 7% Finance 2,217,244 2,111,012 2,535,491 2,569,304 434,619 30,136 464,755 2,104,549 18% Human Resources 597,913 651,325 957,327 957,327 139,538 45 139,583 817,744 15% Diversity & Inclusion 254,986 546,687 611,073 740,743 113,370 130,120 243,490 497,253 33% Human Rights General 267,591 295,679 462,479 462,479 92,735 31,331 124,066 338,413 27% Legal Dept 1,299,029 1,399,494 1,695,716 1,695,716 318,209 13,719 331,928 1,363,788 20% Police General 27,639,992 30,031,479 31,101,209 31,263,638 7,051,787 518,667 7,570,454 23,693,183 24% Crime Lab 552,838 628,676 868,577 869,889 151,343 1,001 152,344 717,545 18% Fire General 26,056,166 26,373,821 26,165,969 26,372,790 6,312,404 405,713 6,718,117 19,654,673 25% EMS 592,302 710,778 825,174 843,828 172,370 50,739 223,108 620,719 26% Fire Training Center 30,175 32,253 148,000 123,630 13,630 5,900 19,529 104,101 16% Morris PAC 1,003,966 1,106,303 600,000 656,962 631,501 25,461 656,962 - 100% Palais Royale 221,414 149,547 208,649 229,403 57,478 26,543 84,021 145,382 37% Engineering 2,879,656 3,123,492 3,435,362 3,572,616 682,779 134,276 817,055 2,755,561 23% Sustainability 234,165 90,441 - 101,458 3,218 98,240 101,458 - 100% AmeriCorps 307,799 222,663 - - - - - - - Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 18,221,805 3,060,726 21,282,531 92,813,479 19% Expenditures by Type Personnel Salaries & Wages 38,858,879 39,390,302 36,304,419 36,284,319 7,867,970 - 7,867,970 28,416,349 22% Fringe Benefits 13,303,099 13,920,158 17,929,005 17,949,105 3,923,367 1,105 3,924,472 14,024,633 22% Total Personnel 52,161,978 53,310,460 54,233,424 54,233,424 11,791,336 1,105 11,792,441 42,440,982 22% Supplies 1,720,163 2,033,958 2,265,998 2,487,218 692,149 341,816 1,033,965 1,453,253 42% Services & Charges Professional Services 1,755,294 1,811,607 2,011,038 2,401,777 205,923 796,057 1,001,980 1,399,797 42% Printing & Advertising 83,792 188,451 185,430 315,504 110,899 46,415 157,314 158,190 50% Utilities 663,087 654,363 614,408 614,408 166,698 - 166,698 447,710 27% Repairs & Maintenance 2,191,066 1,951,940 2,363,099 4,073,497 567,717 219,085 786,802 3,286,694 19% Education & Training 152,685 186,351 296,460 364,198 51,708 56,640 108,349 255,849 30% Travel 17,787 25,843 92,000 95,456 12,137 9,853 21,990 73,466 23% Grants & Subsidies 48,635 390,075 36,645,000 27,230,099 295,344 411,450 706,793 26,523,305 3% Other Services & Charges 500,043 598,363 575,573 7,228,767 161,209 90,539 251,749 6,977,018 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 1,571,635 1,630,040 3,201,675 39,122,029 8% Operating Expenditures 59,448,401 61,298,878 99,282,430 99,044,348 14,055,121 1,972,961 16,028,081 83,016,264 16% Capital - - - 2,750,000 11,664 1,087,765 1,099,429 1,650,571 40% Interfund Interfund Allocations 6,910,980 9,320,120 9,701,661 9,701,661 2,425,415 - 2,425,415 7,276,246 25% Interfund Transfers Out 175,579 4,948,093 600,000 2,600,000 1,729,605 - 1,729,605 870,395 67% Total Interfund 7,086,559 14,268,213 10,301,661 12,301,661 4,155,020 - 4,155,020 8,146,641 34% Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 18,221,805 3,060,726 21,282,531 92,813,476 19% Net Surplus / (Deficit) 8,350,746 1,452,607 (36,366,809) (40,878,727) (10,884,893) (13,945,619) 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 43,611,408 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 March 31, 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 568,439 577,992 621,971 621,971 143,013 - 143,013 478,958 23% Fringe Benefits 199,062 205,069 231,870 231,870 54,731 - 54,731 177,139 24% Total Personnel 767,501 783,061 853,841 853,841 197,743 - 197,743 656,097 23% Supplies 6,028 3,888 5,500 5,500 1,355 110 1,466 4,034 27% Services & Charges Professional Services 143,724 - 7,000 6,500 - - - 6,500 0% Printing & Advertising 25,634 43,385 41,500 38,500 7,984 1,013 8,997 29,503 23% 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 4,033 3,154 97 3,250 782 81% Total Services & Charges 170,898 45,316 53,800 53,833 11,171 1,110 12,281 41,552 23% Operating Expenditures 944,428 832,264 913,141 913,174 210,270 1,220 211,490 701,683 23% Interfund Allocations 93,425 157,918 135,741 135,741 33,935 - 33,935 101,806 25% Total Expenditures 1,037,853 990,182 1,048,882 1,048,915 244,205 1,220 245,425 803,489 23% 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 March 31, 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 52,865 - 52,865 267,529 17% Fringe Benefits 46,102 91,386 144,080 144,080 24,194 - 24,194 119,886 17% Total Personnel 165,504 309,515 464,474 464,474 77,060 - 77,060 387,415 17% Supplies - - - - 187 - 187 (187) - Services & Charges Professional Services 134,808 210,500 273,000 385,500 23,500 87,500 111,000 274,500 29% Printing & Advertising - 1,410 25,000 25,000 550 470 1,020 23,981 4% Education & Training - - 12,500 12,500 487 - 487 12,013 4% Travel - - - - - - - - - Grant & Subsidies - 336,000 350,000 604,000 225,000 25,000 250,000 354,000 41% Other Services & Charges - - - - - - - - - Total Services & Charges 134,808 547,910 660,500 1,027,000 249,536 112,970 362,506 664,494 35% Operating Expenditures 300,312 857,425 1,124,974 1,491,474 326,782 112,970 439,752 1,051,722 29% Interfund Allocations - - 35,152 35,152 8,788 - 8,788 26,364 25% Total Expenditures 300,312 857,425 1,160,126 1,526,626 335,570 112,970 448,540 1,078,086 29% 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 March 31, 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 March 31, 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 56,564 - 56,564 263,948 18% Fringe Benefits 103,502 113,731 133,959 133,959 22,160 160 22,320 111,639 17% Total Personnel 374,456 402,642 454,471 454,471 78,724 160 78,884 375,587 17% Supplies 6,389 8,089 9,200 9,200 990 1,168 2,158 7,042 23% Services & Charges Professional Services 25,275 15,066 25,000 25,000 5,053 975 6,028 18,973 24% Printing & Advertising 18,528 23,705 27,500 27,500 4,065 250 4,315 23,185 16% Repairs & Maintenance 32,656 6,400 5,000 5,000 897 415 1,312 3,688 26% Education & Training 1,393 14,250 6,000 4,500 300 - 300 4,200 7% Travel 342 - 5,000 5,000 - - - 5,000 0% Other Services & Charges 4,963 7,635 7,500 9,000 1,948 - 1,948 7,052 22% Total Services & Charges 83,157 67,056 76,000 76,000 12,263 1,640 13,903 62,098 18% Operating Expenditures 464,002 477,787 539,671 539,671 91,977 2,968 94,945 444,727 18% Interfund Allocations 48,956 155,926 154,876 154,876 38,719 - 38,719 116,157 25% Total Expenditures 512,958 633,713 694,547 694,547 130,696 2,968 133,664 560,884 19% 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 March 31, 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 42,832 - 42,832 218,026 16% Fringe Benefits 84,521 95,359 164,916 164,916 24,028 - 24,028 140,888 15% Total Personnel 271,770 277,497 425,774 425,774 66,860 - 66,860 358,914 16% 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 20,854 - 20,854 194,084 10% Printing & Advertising 7,973 35,048 6,200 5,900 3,199 650 3,849 2,051 65% Repairs & Maintenance 34,153 24,584 3,000 3,000 985 415 1,400 1,600 47% Education & Training 2,069 599 5,000 5,000 450 25 475 4,525 10% Travel 1,479 1,334 10,000 10,000 459 - 459 9,541 5% Other Services & Charges 4,091 4,714 14,000 14,300 1,520 - 1,520 12,780 11% Total Services & Charges 166,939 259,491 252,508 253,138 27,467 1,090 28,557 224,581 11% Operating Expenditures 441,425 538,882 680,782 681,412 95,492 1,090 96,582 584,829 14% Interfund Allocations 42,336 54,938 43,529 43,529 10,882 - 10,882 32,647 25% Total Expenditures 483,761 593,820 724,311 724,941 106,375 1,090 107,465 617,476 15% 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 March 31, 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 1,490,200 269,085 - 269,085 1,221,115 18% Fringe Benefits 480,160 464,963 580,534 580,534 103,596 - 103,596 476,938 18% Total Personnel 1,834,099 1,786,330 2,070,734 2,070,734 372,681 - 372,681 1,698,053 18% Supplies 14,013 8,804 16,420 16,691 974 1,058 2,032 14,659 12% 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 1,288 398 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 - 315 315 5,445 5% Travel 2,045 1,300 6,000 6,000 - - - 6,000 0% Other Services & Charges 14,429 19,283 11,585 11,285 3,620 515 4,135 7,150 37% Total Services & Charges 65,905 122,446 267,945 301,487 15,866 29,078 44,944 256,543 15% Operating Expenditures 1,914,017 1,917,579 2,355,099 2,388,912 389,521 30,136 419,657 1,969,255 18% Interfund Allocations 303,227 193,433 180,392 180,392 45,098 - 45,098 135,294 25% Total Expenditures 2,217,244 2,111,012 2,535,491 2,569,304 434,619 30,136 464,755 2,104,549 18% 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. 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 March 31, 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 76,055 - 76,055 457,450 14% Fringe Benefits 139,389 148,223 215,402 215,402 30,090 - 30,090 185,312 14% Total Personnel 514,299 548,276 748,907 748,907 106,145 - 106,145 642,762 14% Supplies 642 2,165 11,250 11,250 1,054 45 1,100 10,150 10% 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 6,850 786 - 786 6,064 11% Total Services & Charges 3,655 3,407 72,760 72,760 1,236 - 1,236 71,524 2% Operating Expenditures 518,596 553,847 832,917 832,917 108,435 45 108,480 724,436 13% Interfund Allocations 79,317 97,478 124,410 124,410 31,103 - 31,103 93,308 25% Total Expenditures 597,913 651,325 957,327 957,327 139,538 45 139,583 817,744 15% 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. 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 March 31, 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 53,751 - 53,751 179,920 23% Fringe Benefits 50,278 64,933 82,633 82,633 16,315 - 16,315 66,318 20% Total Personnel 215,793 270,948 316,304 316,304 70,066 - 70,066 246,238 22% Supplies 74 1,486 1,500 1,500 282 - 282 1,218 19% Services & Charges Professional Services 14,260 194,734 80,000 160,050 22,300 80,500 102,800 57,250 64% Printing & Advertising 2,025 1,581 6,000 6,000 155 - 155 5,845 3% 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 22,455 130,120 152,575 188,095 45% Operating Expenditures 236,044 483,283 528,804 658,474 92,802 130,120 222,922 435,551 34% Interfund Allocations 18,942 63,404 82,269 82,269 20,567 - 20,567 61,702 25% Total Expenditures 254,986 546,687 611,073 740,743 113,370 130,120 243,490 497,253 33% 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. 45 City of South Bend, Indiana Monthly Financial Report March 31, 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 48,234 - 48,234 196,828 20% Fringe Benefits 49,745 55,005 99,688 99,688 19,697 - 19,697 79,991 20% Total Personnel 184,125 190,901 344,750 344,750 67,931 - 67,931 276,819 20% Supplies 765 969 2,000 2,000 1,228 - 1,228 772 61% 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 9,200 443 405 847 8,353 9% Education & Training 600 - 3,500 3,400 378 - 378 3,022 11% Travel - - - - - - - - - Other Services & Charges 44,073 45,538 51,140 51,140 10,468 30,926 41,394 9,746 81% Total Services & Charges 55,555 57,634 68,410 68,410 11,747 31,331 43,077 25,333 63% Operating Expenditures 240,446 249,504 415,160 415,160 80,905 31,331 112,236 302,924 27% Interfund Allocations 27,145 46,175 47,319 47,319 11,830 - 11,830 35,489 25% Total Expenditures 267,591 295,679 462,479 462,479 92,735 31,331 124,066 338,413 27% 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 March 31, 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 1,093,537 199,747 - 199,747 893,790 18% Fringe Benefits 298,375 291,446 386,599 386,599 69,019 - 69,019 317,580 18% Total Personnel 1,206,003 1,186,938 1,480,136 1,480,136 268,766 - 268,766 1,211,370 18% Supplies 3,568 1,515 3,500 3,500 546 2,296 2,842 658 81% 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 99 - 99 11,901 1% Travel - - 5,500 3,500 - - - 3,500 0% Other Services & Charges 16,929 18,408 19,500 21,500 5,916 11,423 17,339 4,161 81% Total Services & Charges 26,638 36,152 40,550 40,550 6,015 11,423 17,438 23,112 43% Operating Expenditures 1,236,209 1,224,605 1,524,186 1,524,186 275,327 13,719 289,046 1,235,140 19% Interfund Allocations 62,820 174,889 171,530 171,530 42,882 - 42,882 128,648 25% Total Expenditures 1,299,029 1,399,494 1,695,716 1,695,716 318,209 13,719 331,928 1,363,788 20% Revenue Charges for Services 135,710 91,343 93,170 93,170 23,407 23,407 69,763 25% Interfund Allocation Reimb 56,529 - - - - - - - Total Revenue 192,239 91,343 93,170 93,170 23,407 23,407 69,763 25% 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 March 31, 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 1,952,122 394,814 - 394,814 1,557,308 20% Fringe Benefits 588,063 592,477 741,859 741,859 145,316 945 146,261 595,598 20% Total Personnel 2,268,284 2,324,174 2,693,981 2,693,981 540,130 945 541,075 2,152,906 20% Supplies 5,144 7,128 22,700 23,411 2,554 211 2,765 20,646 12% Services & Charges Professional Services 151,673 192,618 150,000 286,543 16,761 126,531 143,291 143,251 50% Printing & Advertising 1,872 5,897 8,535 8,535 1,395 116 1,511 7,024 18% Repairs & Maintenance 5,718 5,931 27,700 27,700 368 - 368 27,332 1% Education & Training 1,500 1,157 21,000 21,000 3,399 1,700 5,099 15,901 24% Travel 3,762 3,986 15,250 15,250 2,329 3,064 5,393 9,857 35% Other Services & Charges 12,314 11,024 36,300 36,300 870 1,710 2,580 33,720 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 25,121 133,120 158,242 237,085 40% Operating Expenditures 2,461,216 2,556,460 2,975,466 3,112,720 567,805 134,276 702,081 2,410,637 23% Interfund Allocations 418,440 567,032 459,896 459,896 114,974 - 114,974 344,922 25% Total Expenditures 2,879,656 3,123,492 3,435,362 3,572,616 682,779 134,276 817,055 2,755,559 23% Revenue Licenses & Permits 161,952 122,575 156,100 156,100 13,790 13,790 142,310 9% Charges for Services 415,210 192,000 196,000 196,000 49,000 49,000 147,000 25% Other Income 21,032 6,401 - - 2,250 2,250 (2,250) - Interfund Allocation Reimb 1,436,881 1,449,233 1,514,420 1,514,420 378,605 378,605 1,135,815 25% Total Revenue 2,035,075 1,770,209 1,866,520 1,866,520 443,645 443,645 1,422,875 24% 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). 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, especially Engineers. These positions are allocated out to the following Public Works divisions: Streets (Fund #202), Water Works (Fund #620), Sewer Insurance (Fund #640), Sewage Works Operations Fund (#641). 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 March 31, 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 3,218 48,240 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 3,218 48,240 51,458 - 100% Operating Expenditures 224,425 70,295 - 51,458 3,218 48,240 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 3,218 98,240 101,458 - 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 March 31, 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 March 31, 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 14,882,055 3,176,528 - 3,176,528 11,705,527 21% Fringe Benefits 5,423,162 5,728,486 7,600,855 7,600,955 1,706,497 - 1,706,497 5,894,458 22% Total Personnel 20,986,615 22,098,933 22,483,010 22,483,010 4,883,026 - 4,883,026 17,599,985 22% Supplies 767,165 955,573 1,152,960 1,249,949 408,768 166,562 575,330 674,619 46% Services & Charges Professional Services 765,305 495,799 720,000 693,306 32,999 248,782 281,781 411,524 41% Printing & Advertising 3,288 55,375 24,721 148,941 79,875 30,360 110,235 38,706 74% Utilities 170,952 182,655 174,408 174,408 44,428 - 44,428 129,980 25% Repairs & Maintenance 871,987 822,096 980,199 984,078 208,707 33,137 241,844 742,233 25% Education & Training 426 56,136 - - - - - - - Travel 1,648 2,618 250 350 126 - 126 224 36% Grants & Subsidies 5,635 11,075 57,000 58,099 2,844 2,100 4,944 53,155 9% Other Services & Charges 272,619 344,841 349,908 312,745 101,326 26,596 127,922 184,822 41% 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 2,371,926 470,304 340,976 811,280 1,560,644 34% Operating Expenditures 23,988,561 25,168,022 25,942,456 26,104,885 5,762,099 507,537 6,269,636 19,835,248 24% Capital - - - - - 11,130 11,130 (11,130) - Interfund Allocations 3,651,431 4,863,457 5,158,753 5,158,753 1,289,688 - 1,289,688 3,869,065 25% Total Expenditures 27,639,992 30,031,479 31,101,209 31,263,638 7,051,787 518,667 7,570,454 23,693,183 24% Revenue Intergov./ Grants - 210,402 - - - - - - Charges for Services 8,316 - - - - - - - Other Income 655,931 338,317 456,500 456,500 55,728 55,728 400,772 12% 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 55,728 55,728 408,272 12% 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 March 31, 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 73,672 - 73,672 401,965 15% Fringe Benefits 142,250 118,776 184,461 184,461 27,770 - 27,770 156,691 15% Total Personnel 537,456 464,966 660,098 660,098 101,442 - 101,442 558,656 15% Supplies 15,373 15,138 17,000 18,312 2,031 1,001 3,033 15,279 17% Services & Charges Professional Services 8 - - - - - - - - Printing & Advertising - - - - - - - - - Education & Training - - - - - - - - - Travel - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges 8 - - - - - - - - Operating Expenditures 552,838 480,105 677,098 678,410 103,473 1,001 104,474 573,935 15% Interfund Allocations - 148,571 191,479 191,479 47,870 - 47,870 143,609 25% Total Expenditures 552,838 628,676 868,577 869,889 151,343 1,001 152,344 717,544 18% Revenue Charges for Services 7,756 26,169 10,000 10,000 3,506 3,506 6,494 35% Total Revenue 7,756 26,169 10,000 10,000 3,506 3,506 6,494 35% 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 March 31, 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 13,631,366 3,247,059 - 3,247,059 10,384,307 24% Fringe Benefits 5,397,609 5,621,419 7,250,515 7,270,515 1,659,101 - 1,659,101 5,611,414 23% Total Personnel 21,771,825 21,527,001 20,901,881 20,901,881 4,906,160 - 4,906,160 15,995,721 23% Supplies 591,801 592,256 678,568 772,787 170,539 132,429 302,969 469,819 39% Services & Charges Professional Services 233,686 351,832 204,000 202,809 50,264 159,476 209,740 (6,931) 103% Printing & Advertising 2,063 2,040 22,214 7,452 776 538 1,314 6,138 18% Utilities 293,257 271,750 315,000 315,000 87,367 - 87,367 227,633 28% Repairs & Maintenance 1,159,796 992,999 1,032,000 1,137,647 310,849 105,157 416,006 721,641 37% Education & Training 67,844 79,268 73,000 88,204 46,571 492 47,063 41,142 53% Travel 6,318 12,979 20,500 22,197 8,287 4,066 12,353 9,844 56% Other Services & Charges 39,047 50,324 38,500 44,507 11,514 3,557 15,071 29,436 34% Total Services & Charges 1,802,010 1,761,191 1,705,214 1,817,815 515,628 273,284 788,912 1,028,903 43% Operating Expenditures 24,165,636 23,880,448 23,285,663 23,492,484 5,592,327 405,713 5,998,040 17,494,443 26% Interfund Allocations 1,890,530 2,493,373 2,880,306 2,880,306 720,077 - 720,077 2,160,230 25% Total Expenditures 26,056,166 26,373,821 26,165,969 26,372,790 6,312,404 405,713 6,718,117 19,654,673 25% Revenue Charges for Services 337 340 1,500 1,500 90 90 1,410 6% Intergov./ Grants 14,866 94,668 - - - - - - Licenses & Permits 19,227 23,137 24,000 24,000 5,736 5,736 18,264 24% 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 21,686 21,686 4,814 82% 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 March 31, 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 33,751 - 33,751 123,053 22% Fringe Benefits 75,881 79,326 85,060 85,060 20,854 - 20,854 64,206 25% Total Personnel 214,005 225,543 241,864 241,864 54,605 - 54,605 187,259 23% Supplies 232,073 387,434 332,900 351,554 86,584 34,534 121,119 230,435 34% Services & Charges Professional Services 14,058 22,033 80,610 80,610 15,576 16,204 31,781 48,829 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% Other Services & Charges 52,907 64,153 20,000 20,000 15,604 - 15,604 4,396 78% Total Services & Charges 136,065 97,802 250,410 250,410 31,180 16,204 47,385 203,025 19% Operating Expenditures 582,143 710,778 825,174 843,828 172,370 50,739 223,108 620,719 26% Interfund Allocations 10,159 - - - - - - - - Total Expenditures 592,302 710,778 825,174 843,828 172,370 50,739 223,108 620,719 26% Revenue Charges for Services 3,491,328 4,195,362 3,608,000 3,608,000 937,979 937,979 2,670,021 26% Fines, Forfeitures, and Fees - 11 - - 12 12 (12) - Other Income 186 588 - - - - - - Total Revenue 3,491,515 4,195,961 3,608,000 3,608,000 937,991 937,991 2,670,009 26% 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 March 31, 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 3,442 2,400 5,842 (212) 104% Services & Charges Utilities 5,729 18,331 33,000 33,000 9,791 - 9,791 23,209 30% Repairs & Maintenance 10,605 635 110,000 85,000 396 3,500 3,896 81,104 5% Total Services & Charges 16,334 18,966 143,000 118,000 10,188 3,500 13,687 104,313 12% Operating Expenditures 30,175 32,253 148,000 123,630 13,630 5,900 19,529 104,101 16% Total Expenditures 30,175 32,253 148,000 123,630 13,630 5,900 19,529 104,101 16% Revenue Charges for Services 1,050 - 50,000 50,000 5,935 5,935 44,065 12% Total Revenue 1,050 - 50,000 50,000 5,935 5,935 44,065 12% 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 March 31, 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 11,154 12,621 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 - 3,659 936 2,723 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 23,066 25,461 48,527 - 100% Operating Expenditures 617,512 868,330 - 56,962 31,501 25,461 56,962 - 100% 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 1,106,303 600,000 656,962 631,501 25,461 656,962 - 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 March 31, 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 2,014 - 2,014 2,986 40% Services & Charges Printing & Advertising 3,693 - - - - - - - - Utilities 80,505 71,095 92,000 92,000 25,112 - 25,112 66,888 27% Repairs & Maintenance 26,223 23,356 61,000 76,899 18,233 12,074 30,307 46,593 39% Other Services & Charges 5,539 8,062 14,640 19,494 3,117 14,469 17,586 1,908 90% Total Services & Charges 115,959 102,514 167,640 188,394 46,462 26,543 73,005 115,389 39% Operating Expenditures 177,777 104,140 172,640 193,394 48,476 26,543 75,019 118,375 39% Interfund Interfund Allocations 43,637 45,407 36,009 36,009 9,002 - 9,002 27,007 25% Interfund Total 43,637 45,407 36,009 36,009 9,002 - 9,002 27,007 25% Total Expenditures 221,414 149,547 208,649 229,403 57,478 26,543 84,021 145,382 37% Revenue Charges for Services 88,843 122,575 136,190 136,190 35,220 35,220 100,970 26% Other Income 4,966 - - - 3,952 3,952 (3,952) - Total Revenue 93,809 122,575 136,190 136,190 39,172 39,172 97,018 29% 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 March 31, 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 3,050,000 776,016 776,016 2,273,984 25% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 450 450 1,050 30% 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 3,768 3,768 15,867 19% Debt Proceeds 1,778,948 890,000 775,000 775,000 - - 775,000 0% Other Income 56,716 41,861 6,000 6,000 9,612 9,612 (3,612) 160% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 46,991 46,991 140,972 25% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 1,387,500 1,387,500 4,162,500 25% Total Revenue 10,238,117 8,159,765 9,852,398 9,852,398 2,244,652 2,244,652 7,607,746 23% Expenditures by Activity Streets / Traffic & Lighting 7,154,221 8,652,023 8,317,336 9,403,790 2,312,825 535,149 2,847,974 6,555,816 30% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 630,973 73,333 704,307 1,715,555 29% Total Expenditures 8,356,994 9,972,287 10,197,235 11,823,651 2,943,798 608,482 3,552,281 8,271,371 30% Expenditures by Type Personnel Salaries & Wages 2,715,345 2,826,835 3,330,520 3,330,520 789,371 - 789,371 2,541,149 24% Fringe Benefits 1,138,382 1,168,166 1,423,392 1,423,392 368,221 - 368,221 1,055,171 26% Total Personnel 3,853,726 3,995,001 4,753,912 4,753,912 1,157,592 - 1,157,592 3,596,320 24% Supplies 1,065,253 898,714 720,794 799,521 287,894 208,777 496,672 302,849 62% Services & Charges Professional Services 255,097 389,410 700,000 1,239,963 437,166 73,333 510,499 729,464 41% Printing & Advertising 194 771 2,950 3,142 - 192 192 2,950 6% Utilities 44,364 41,299 51,856 51,856 19,573 - 19,573 32,283 38% Repairs & Maintenance 699,746 637,358 692,525 706,382 315,888 3,630 319,518 386,864 45% Education & Training 13,900 2,845 10,000 8,291 8,291 - 8,291 - 100% Travel 2,210 - 5,000 8,000 3,218 2,262 5,479 2,521 68% Other Services & Charges 165,904 102,368 149,210 146,569 1,020 571 1,591 144,978 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 1,087,924 79,987 1,167,911 2,002,698 37% Operating Expenditures 6,719,167 6,981,451 8,092,653 8,724,041 2,533,410 288,764 2,822,174 5,901,867 32% Capital 102,840 1,571,080 775,000 1,770,028 77,993 319,718 397,711 1,372,317 22% Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 332,396 - 332,396 997,187 25% Total Expenditures 8,356,994 9,972,287 10,197,235 11,823,651 2,943,798 608,482 3,552,281 8,271,371 30% Net Surplus / (Deficit) 1,881,123 (1,812,522) (344,837) (1,971,253) (699,147) (1,307,629) 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 2,801,162 4,112,899 Cash Reserves Target 2,089,248 2,493,072 2,955,913 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 March 31, 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 3,050,000 776,016 776,016 2,273,984 25% Interest Earnings 12,589 9,704 285 285 2,343 2,343 (2,058) 822% Debt Proceeds - - 925,000 925,000 - - 925,000 0% Total Revenue 2,997,747 3,213,833 3,975,285 3,975,285 778,359 778,359 3,196,926 20% Expenditures by Type Personnel Salaries & Wages 221,144 247,754 429,064 429,064 1,602 - 1,602 427,462 0% Fringe Benefits 103,529 110,873 159,953 159,953 895 - 895 159,058 1% Total Personnel 324,673 358,626 589,017 589,017 2,496 - 2,496 586,520 0% Supplies 1,165,290 1,099,093 1,516,135 1,569,007 109,415 21,547 130,962 1,438,045 8% Services & Charges Professional Services - 249,700 - - - - - - - Repairs & Maintenance 1,042,462 568,445 1,419,325 1,816,325 411,480 7,478 418,958 1,397,367 23% 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 2,014,282 411,480 7,478 418,958 1,595,324 21% 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 5,097,306 523,391 532,916 1,056,307 4,040,998 21% Net Surplus / (Deficit) 465,321 922,169 (672,149) (1,122,021) 254,968 (277,948) Beginning Cash Balance 650,402 1,126,297 2,042,332 Cash Adjustments 10,574 (6,134) - Ending Cash Balance 1,126,297 2,042,332 920,312 2,311,722 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 March 31, 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 1,552,031 1,552,031 4,547,969 25% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 450 450 1,050 30% 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 6,111 6,111 13,809 31% 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 9,612 9,612 (3,612) 160% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 46,991 46,991 140,972 25% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 1,387,500 1,387,500 4,162,500 25% Total Revenue 13,235,863 11,373,598 13,827,683 13,827,683 3,023,010 3,023,010 10,804,673 22% Expenditures by Fund Motor Vehicle Highway (#202)8,356,994 9,972,287 10,197,235 11,823,651 2,943,798 608,482 3,552,281 8,271,371 30% MVH Restricted (#266)2,532,426 2,291,664 4,647,434 5,097,306 523,391 532,916 1,056,307 4,040,999 21% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 3,467,190 1,141,398 4,608,588 12,312,370 27% Expenditures by Activity Streets / Traffic & Lighting 9,686,646 10,943,687 12,964,770 14,501,095 2,836,216 1,068,065 3,904,281 10,596,814 27% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 630,973 73,333 704,307 1,715,555 29% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 3,467,190 1,141,398 4,608,588 12,312,369 27% Expenditures by Type Personnel Salaries & Wages 2,936,488 3,074,589 3,759,584 3,759,584 790,973 - 790,973 2,968,611 21% Fringe Benefits 1,241,911 1,279,038 1,583,345 1,583,345 369,115 - 369,115 1,214,230 23% Total Personnel 4,178,400 4,353,627 5,342,929 5,342,929 1,160,088 - 1,160,088 4,182,841 22% Supplies 2,230,544 1,997,807 2,236,929 2,368,527 397,310 230,324 627,633 1,740,894 26% Services & Charges Professional Services 255,097 639,109 700,000 1,239,963 437,166 73,333 510,499 729,464 41% Printing & Advertising 194 771 2,950 3,142 - 192 192 2,950 6% Utilities 44,364 41,299 51,856 51,856 19,573 - 19,573 32,283 38% Repairs & Maintenance 1,742,208 1,205,803 2,111,850 2,522,707 727,368 11,108 738,476 1,784,231 29% Education & Training 13,900 2,845 10,000 8,291 8,291 - 8,291 - 100% Travel 2,210 - 5,000 8,000 3,218 2,262 5,479 2,521 68% Other Services & Charges 165,904 102,368 149,210 146,569 1,020 571 1,591 144,978 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 1,499,404 87,465 1,586,869 3,598,022 31% Operating Expenditures 9,251,592 9,257,315 11,815,087 12,896,347 3,056,801 317,789 3,374,590 9,521,757 26% Capital 102,840 1,586,880 1,700,000 2,695,028 77,993 823,609 901,602 1,793,426 33% Interfund Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 332,396 - 332,396 997,187 25% Total Interfund 1,534,987 1,419,756 1,329,582 1,329,582 332,396 - 332,396 997,187 25% Total Expenditures 10,889,419 12,263,951 14,844,669 16,920,957 3,467,190 1,141,398 4,608,588 12,312,370 27% Net Surplus / (Deficit) 2,346,444 (890,352) (1,016,986) (3,093,274) (444,179) (1,585,577) 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 6,424,621 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 March 31, 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 1,829,152 508,088 508,088 1,321,064 28% Intergov./ Grants 101,082 670,528 947,000 947,000 - - 947,000 0% Interest Earnings 43,781 18,850 7,417 7,417 2,608 2,608 4,809 35% Other Income 18,968 - - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 1,945,448 2,628,875 2,783,569 2,783,569 510,696 510,696 2,272,873 18% Expenditures by Type Supplies 4,468 367,364 350,000 383,184 6,066 37,902 43,968 339,217 11% Services & Charges Professional Services 200,078 459,207 1,170,000 1,492,455 59,647 443,356 503,003 989,452 34% Repairs & Maintenance 795,967 534,977 250,000 168,494 1,995 166,499 168,494 - 100% Other Services & Charges 2,094 8,202 - - - - - - - Total Services & Charges 998,139 1,002,386 1,420,000 1,660,949 61,642 609,855 671,497 989,452 40% Capital 1,552,078 543,198 300,000 612,767 65,557 252,505 318,062 294,705 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 3,656,900 133,265 900,262 1,033,526 2,623,374 28% Net Surplus / (Deficit) (1,609,236) (1,284,072) (286,431) (873,331) 377,431 (522,830) 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 2,771,059 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 March 31, 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 1,469 543 543 260 260 283 48% Other Income - 1,500 - - - - - - Total Revenue 145,354 2,969 543 543 260 260 283 48% 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) 260 (56,690) Beginning Cash Balance 170,735 266,588 245,630 Cash Adjustments 293 - - Ending Cash Balance 266,588 245,630 189,223 245,890 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 March 31, 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 1,049 688 688 361 66% 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 2,001,049 688 688 2,000,361 0% Expenditures by Type Services & Charges Repairs & Maintenance 1,691,081 2,482,521 2,000,000 2,923,443 197,847 504,569 702,416 2,221,026 24% Other Services & Charges - - - - - - - - - Total Services & Charges 1,691,081 2,482,521 2,000,000 2,923,443 197,847 504,569 702,416 2,221,026 24% Capital - - - - - - - - - Total Expenditures 1,691,081 2,482,521 2,000,000 2,923,443 197,847 504,569 702,416 2,221,026 24% Net Surplus / (Deficit) 941,291 (686,618) 1,049 (922,394) (197,159) (701,728) Beginning Cash Balance 449,431 1,391,493 704,875 Cash Adjustments 770 - - Ending Cash Balance 1,391,493 704,875 (217,519) 507,717 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 March 31, 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 2,068 2,068 1,413 59% Other Income 493,328 493,328 493,328 493,328 246,664 246,664 246,664 50% Total Revenue 511,407 587,639 496,809 496,809 248,732 248,732 248,077 50% Expenditures by Type Supplies - - 350,000 350,000 - - - 350,000 0% Services & Charges Professional Services 108,890 57,027 - 489,238 44,689 444,549 489,238 - 100% Repairs & Maintenance 44,201 - 450,000 450,000 - - - 450,000 0% Total Services & Charges 153,090 57,027 450,000 939,238 44,689 444,549 489,238 450,000 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 44,689 445,349 490,038 1,299,201 27% Net Surplus / (Deficit)(813,301) 502,758 (803,191) (1,292,429) 204,043 (241,306) 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 2,093,236 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 March 31, 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 - - 4,047 4,047 (4,047) - Interfund Transfers In - 8,601,026 - - - - - - Total Revenue - 8,622,248 - - 4,047 4,047 (4,047) - Expenditures by Type Capital - 3,785,766 - 3,815,260 204,294 1,424,228 1,628,522 2,186,738 43% Interfund Transfers Out - 1,000,000 - - - - - - - Total Expenditures - 4,785,766 - 3,815,260 204,294 1,424,228 1,628,522 2,186,738 43% Net Surplus / (Deficit) - 3,836,482 - (3,815,260) (200,246) (1,624,475) Beginning Cash Balance - - 3,836,482 Cash Adjustments - - - Ending Cash Balance - 3,836,482 21,222 3,636,235 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 bonds were closed on May 12, 2021 with a par amount of $7,610,000 and a premium of $1,250,022, a total of $8,860,022. The bonds have 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 March 31, 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 1,540,499 1,540,499 4,857,701 24% Interest Earnings 2,362 781 - - 853 853 (853) - Other Income 98,540 49,951 45,000 45,000 19,174 19,174 25,826 43% Interfund Transfers In 250,000 1,796,371 - - 263,149 263,149 (263,149) - Total Revenue 6,007,008 7,939,316 6,443,200 6,443,200 1,823,676 1,823,676 4,619,525 28% Expenditures by Type Personnel Salaries & Wages 1,151,775 1,116,262 1,294,255 1,294,255 267,225 - 267,225 1,027,030 21% Fringe Benefits 491,924 450,803 625,177 625,177 119,708 - 119,708 505,469 19% Total Personnel 1,643,699 1,567,066 1,919,432 1,919,432 386,933 - 386,933 1,532,499 20% Supplies 328,387 314,035 448,120 449,050 77,910 9,993 87,903 361,147 20% 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 1,030,000 359,274 - 359,274 670,726 35% 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 1,361,526 884,651 830,093 1,714,744 (353,218) 126% Debt Service Principal - 250,000 - - - - - - - Total Services & Charges 2,355,800 2,672,159 2,334,250 2,426,619 1,243,925 830,093 2,074,018 352,601 85% Operating Expenditures 4,327,885 4,553,260 4,701,802 4,795,101 1,708,768 840,086 2,548,854 2,246,247 53% Interfund Interfund Allocations 958,978 1,185,129 1,187,501 1,187,501 296,875 - 296,875 890,626 25% Interfund Transfers Out 979,213 867,967 1,124,161 1,124,161 429,268 - 429,268 694,893 38% Total Interfund 1,938,191 2,053,096 2,311,662 2,311,662 726,143 - 726,143 1,585,519 31% Total Expenditures 6,266,076 6,606,356 7,013,464 7,106,763 2,434,911 840,086 3,274,997 3,831,766 46% Net Surplus / (Deficit) (259,069) 1,332,960 (570,264) (663,563) (611,235) (1,451,321) Beginning Cash Balance 449,145 87,032 906,471 Cash Adjustments (103,044) (513,522) - Ending Cash Balance 87,032 906,471 242,908 730,373 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 March 31, 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 - - 42 42 (42) - 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 1,124,161 429,268 429,268 694,893 38% Total Revenue 1,355,159 1,626,271 2,554,161 2,554,161 429,310 429,310 2,124,851 17% 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 2,209,135 758,270 1,305,591 2,063,861 145,274 93% Total Expenditures 1,032,069 1,235,235 2,554,161 3,333,296 961,832 1,305,591 2,267,423 1,065,873 68% Net Surplus / (Deficit)323,090 391,036 - (779,135) (532,522) (1,838,113) Beginning Cash Balance 64,925 388,126 779,163 Cash Adjustments 111 - - Ending Cash Balance 388,126 779,163 28 246,640 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 paid off over 5 years. This fund receives interfund transfers from the Solid Waste Operations Fund (#610) to cover expenditures as needed. Debt proceeds are from capital leases. The funds are held by an escrow agent and expended upon the provision by the City of a proper claim form and invoice. 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. 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 March 31, 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 4,130,957 4,130,957 15,889,414 21% Interest Earnings 29,477 28,409 15,362 15,362 12,458 12,458 2,904 81% Other Income 30,256 23,582 20,000 20,000 81,170 81,170 (61,170) 406% Interfund Allocation Reimb 1,788,327 1,856,424 1,414,701 1,414,701 353,675 353,675 1,061,026 25% Interfund Transfers In 83,727 656,984 - - 294,102 294,102 (294,102) - Total Revenue 21,461,793 21,989,022 21,470,434 21,470,434 4,872,362 4,872,362 16,598,072 23% Expenditures by Type Personnel Salaries & Wages 3,387,258 3,192,897 3,894,196 3,894,196 809,016 - 809,016 3,085,180 21% Fringe Benefits 1,442,985 1,353,254 1,764,581 1,764,581 389,229 - 389,229 1,375,352 22% Total Personnel 4,830,243 4,546,151 5,658,777 5,658,777 1,198,245 - 1,198,245 4,460,532 21% Supplies 1,266,625 1,039,704 1,531,847 1,912,196 529,211 255,422 784,633 1,127,563 41% Services & Charges Professional Services 850,848 749,968 656,560 1,024,568 203,422 392,337 595,759 428,809 58% Printing & Advertising 2,209 2,029 10,359 10,359 1,584 - 1,584 8,775 15% Utilities 752,924 774,893 825,700 825,700 150,992 - 150,992 674,708 18% Repairs & Maintenance 388,841 465,164 446,700 514,744 85,566 63,139 148,705 366,039 29% Education & Training 10,322 20,142 32,675 33,875 1,457 1,200 2,657 31,218 8% 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 1,547,473 182,321 1,729,794 1,674,881 51% 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 2,092,583 638,996 2,731,579 3,305,270 45% Operating Expenditures 11,619,730 10,850,486 12,564,970 13,607,823 3,820,040 894,418 4,714,458 8,893,365 35% Interfund Interfund Allocations 2,184,334 2,267,793 2,342,714 2,342,714 585,679 - 585,679 1,757,035 25% 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 1,677,653 - 1,677,653 4,971,777 25% Total Interfund 8,980,707 8,830,696 10,605,783 10,605,783 3,070,151 - 3,070,151 7,535,632 29% Total Expenditures 20,600,437 19,681,182 23,170,753 24,213,606 6,890,191 894,418 7,784,609 16,428,997 32% Net Surplus / (Deficit) 861,356 2,307,840 (1,700,319) (2,743,172) (2,017,829) (2,912,247) 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 5,468,349 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 March 31, 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 7,292 7,292 202,709 3% Interest Earnings 51,626 50,372 2,173 2,173 10,437 10,437 (8,264) 480% Other Income 9,568 11,040 - - - - - - Interfund Transfers In 3,862,000 3,373,000 3,987,000 3,971,704 996,750 996,750 2,974,954 25% Total Revenue 4,160,101 3,606,371 4,199,173 4,183,877 1,014,479 1,014,479 3,169,399 24% 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 12,575,940 231,558 1,959,349 2,190,907 10,385,033 17% Total Expenditures 758,488 1,534,331 8,987,000 12,735,287 247,863 2,002,391 2,250,253 10,485,033 18% Net Surplus / (Deficit) 3,401,613 2,072,040 (4,787,827) (8,551,410) 766,616 (1,235,774) 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 10,469,205 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 March 31, 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 1,283,584 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 March 31, 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 2,662,430 665,607 665,607 1,996,823 25% Total Revenue 1,226,907 1,511,520 2,662,430 2,662,430 665,607 665,607 1,996,823 25% 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) - - 665,107 665,107 Beginning Cash Balance 286,131 2,323 - Cash Adjustments 491 - - Ending Cash Balance 2,323 - - 665,107 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 March 31, 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 March 31, 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 March 31, 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 672,463 697,338 659,500 659,500 173,699 173,699 485,801 26% Interest Earnings 18,620 12,053 16,020 16,020 2,122 2,122 13,898 13% Other Income - - - - - - - - Interfund Transfers In - - - - 48,167 48,167 (48,167) - Total Revenue 691,083 709,391 675,520 675,520 223,989 223,989 451,532 33% Expenditures by Type Personnel Salaries & Wages 116,128 119,441 128,227 128,227 28,287 - 28,287 99,940 22% Fringe Benefits 51,106 52,566 55,297 55,297 14,452 - 14,452 40,845 26% Total Personnel 167,234 172,007 183,524 183,524 42,739 - 42,739 140,785 23% Supplies 26,545 34,659 65,500 65,500 8,727 - 8,727 56,773 13% Services & Charges Printing & Advertising - - 350 350 - - - 350 0% Repairs & Maintenance 507,227 422,857 401,000 401,000 120,420 - 120,420 280,580 30% Other Services & Charges 10,580 1,891 6,500 6,500 51,205 - 51,205 (44,705) 788% Total Services & Charges 517,807 424,747 407,850 407,850 171,625 - 171,625 236,225 42% Operating Expenditures 711,586 631,413 656,874 656,874 223,091 - 223,091 433,783 34% Interfund Allocations 84,511 91,901 96,195 96,195 24,049 - 24,049 72,146 25% Total Expenditures 796,097 723,314 753,069 753,069 247,139 - 247,139 505,929 33% Net Surplus / (Deficit) (105,014) (13,923) (77,549) (77,549) (23,151) (23,151) 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 2,055,412 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 March 31, 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 10,200,551 10,200,551 28,198,399 27% Interest Earnings 80,803 69,545 10,333 10,333 25,370 25,370 (15,037) 246% Other Income 36,100 276,595 5,142 5,142 79,672 79,672 (74,530) 1549% Interfund Allocation Reimb 446,759 449,895 463,761 463,761 115,940 115,940 347,821 25% Interfund Transfers In 77,322 1,697,758 - - 414,387 414,387 (414,387) - Total Revenue 37,610,549 41,265,804 38,878,186 38,878,186 10,835,919 10,835,919 28,042,266 28% Expenditures by Division Sewers 5,816,750 6,803,434 6,687,529 7,989,049 2,947,643 1,106,389 4,054,032 3,935,017 51% Concrete Crew 416,511 466,063 556,545 557,985 128,652 1,636 130,288 427,697 23% Wastewater 33,360,472 29,353,258 32,667,861 35,630,625 9,097,157 2,477,121 11,574,278 24,056,346 32% Organic Resources 1,587,652 1,326,459 1,508,008 1,548,840 340,856 74,920 415,776 1,133,063 27% Total Expenditures 41,181,385 37,949,214 41,419,943 45,726,498 12,514,308 3,660,067 16,174,375 29,552,123 35% Expenditures by Type Personnel Salaries & Wages 4,716,820 4,777,198 5,469,187 5,469,187 1,194,097 - 1,194,097 4,275,090 22% Fringe Benefits 1,973,822 1,956,552 2,367,307 2,367,307 551,585 - 551,585 1,815,722 23% Total Personnel 6,690,642 6,733,749 7,836,494 7,836,494 1,745,682 - 1,745,682 6,090,812 22% Supplies 1,666,866 1,569,805 2,038,904 2,265,949 475,435 294,432 769,867 1,496,082 34% Services & Charges Professional Services 849,692 399,309 210,000 1,815,767 194,091 1,456,807 1,650,898 164,869 91% Printing & Advertising 849 1,623 6,749 6,749 42 178 220 6,529 3% Utilities 1,101,420 1,160,652 1,322,556 1,322,556 292,899 - 292,899 1,029,657 22% Repairs & Maintenance 1,455,801 1,677,510 2,115,850 2,794,159 465,222 207,337 672,558 2,121,600 24% Education & Training 12,122 15,176 36,500 36,374 9,762 - 9,762 26,612 27% Travel 6,202 356 38,000 39,500 2,532 3,815 6,347 33,153 16% Other Services & Charges 2,597,472 3,240,924 2,304,655 4,072,106 1,776,505 1,681,193 3,457,698 614,407 85% 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 10,278,629 2,836,761 3,349,330 6,186,091 4,092,537 60% Operating Expenditures 14,911,603 15,101,333 16,101,127 20,381,072 5,057,878 3,643,762 8,701,641 11,679,431 43% 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 1,520,260 - 1,520,260 4,560,781 25% 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 3,693,021 - 3,693,021 11,079,068 25% Total Interfund 26,269,783 22,847,881 25,318,816 25,318,816 7,446,124 - 7,446,124 17,872,692 29% Total Expenditures 41,181,385 37,949,214 41,419,943 45,726,498 12,514,308 3,660,067 16,174,375 29,552,123 35% Net Surplus / (Deficit) (3,570,836) 3,316,590 (2,541,757) (6,848,312) (1,678,389) (5,338,456) 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 6,977,059 13,429,614 Cash Reserves Target 2,059,069 1,897,461 2,286,325 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 March 31, 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 27,278 27,278 311,722 8% Interest Earnings 137,764 87,851 1,399 1,399 15,516 15,516 (14,117) 1109% Other Income 17,342 24,656 - - - - - - Interfund Transfers In 7,911,000 5,946,370 3,693,000 3,843,553 1,101,803 1,101,803 2,741,750 29% Total Revenue 8,613,472 6,598,607 4,033,399 4,183,952 1,144,598 1,144,598 3,039,355 27% 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 12,214,348 726,313 3,588,766 4,315,080 7,899,268 35% Total Expenditures 4,248,134 6,048,729 10,693,000 14,614,348 726,313 3,588,766 4,315,080 10,299,268 30% Net Surplus / (Deficit)4,365,338 549,878 (6,659,601) (10,430,396) 418,284 (3,170,482) 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 3,929,312 14,799,799 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 March 31, 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 5,160,100 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 March 31, 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 11,107,089 2,769,771 2,769,771 8,337,318 25% Total Revenue 13,896,394 22,204,969 11,091,164 11,107,089 2,769,771 2,769,771 8,337,318 25% 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 2,407,904 29,100 - 29,100 2,378,804 1% Total Services & Charges 13,665,170 22,016,593 11,079,089 11,107,089 29,100 - 29,100 11,077,989 0% Interfund Transfers Out - 1,509,210 - - - - - - - Total Expenditures 13,665,170 23,525,803 11,079,089 11,107,089 29,100 - 29,100 11,077,989 0% Net Surplus / (Deficit) 231,224 (1,320,833) 12,075 - 2,740,671 2,740,671 Beginning Cash Balance 1,087,745 1,320,833 - Cash Adjustments 1,865 - - Ending Cash Balance 1,320,833 - - 2,768,671 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 March 31, 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 March 31, 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 649,073 903,840 903,840 953,487 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 March 31, 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 446,136 466,321 451,610 451,610 113,935 113,935 337,675 25% Interest Earnings 4,176 2,322 2,244 2,244 298 298 1,946 13% Interfund Transfers In - - - - 36,158 36,158 (36,158) - Total Revenue 450,312 468,643 453,854 453,854 150,392 150,392 303,463 33% 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 38,374 - 38,374 (31,874) 590% Total Services & Charges 2,634 1,793 6,500 6,500 38,374 - 38,374 (31,874) 590% Operating Expenditures 68,112 49,614 103,246 103,246 47,045 - 47,045 56,202 46% Interfund Interfund Allocations 42,385 37,736 46,462 46,462 11,616 - 11,616 34,846 25% Interfund Transfers Out 300,000 500,000 300,000 300,000 75,000 - 75,000 225,000 25% Total Interfund 342,385 537,736 346,462 346,462 86,616 - 86,616 259,846 25% Total Expenditures 410,497 587,350 449,708 449,708 133,660 - 133,660 316,048 30% Net Surplus / (Deficit)39,815 (118,707) 4,146 4,146 16,731 16,731 Beginning Cash Balance 398,183 425,913 282,057 Cash Adjustments (12,085) (25,149) - Ending Cash Balance 425,913 282,057 286,203 329,307 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 March 31, 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 1,147,200 256,575 256,575 890,625 22% Intergov./ Grants - 68,000 - - - - - - Interest Earnings 4,831 7,492 4,172 4,172 1,754 1,754 2,418 42% Interfund Transfers In - - - - 73,642 73,642 (73,642) - Total Revenue 1,042,729 1,139,829 1,151,372 1,151,372 331,971 331,971 819,401 29% Expenditures by Type Services & Charges Professional Services 11,085 74,572 200,000 457,213 22,509 292,715 315,224 141,989 69% Other Services & Charges 3,186 175 - - 74,808 - 74,808 (74,808) - Total Services & Charges 14,272 74,747 200,000 457,213 97,317 292,715 390,032 67,181 85% Capital 90,050 436,855 824,000 1,814,243 1,581 1,075,967 1,077,548 736,695 59% Total Expenditures 104,322 511,602 1,024,000 2,271,456 98,898 1,368,682 1,467,580 803,876 65% Net Surplus / (Deficit)938,407 628,227 127,372 (1,120,084) 233,073 (1,135,609) 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 1,899,856 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 March 31, 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 1,895 993 896 896 184 184 712 21% Other Income 18 - - - - - - - Interfund Transfers In - 7,636 - - - - - - Total Revenue 6,591 31,299 5,896 5,896 184 184 5,712 3% 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) 184 184 Beginning Cash Balance 238,323 213,569 173,825 Cash Adjustments 409 - - Ending Cash Balance 213,569 173,825 135,221 174,009 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 March 31, 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 March 31, 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 31,906 31,906 83,094 28% Fines, Forfeitures, and Fees 92,751 89,648 101,200 101,200 34,729 34,729 66,471 34% Interest Earnings 3,849 2,229 4,889 4,889 532 532 4,357 11% Donations 2,000 500 1,000 1,000 - - 1,000 0% Other Income 11,555 2,970 - - 1,232 1,232 (1,232) - Interfund Transfers In - 73,512 352,373 352,373 218,182 218,182 134,191 62% Total Revenue 258,705 325,862 574,462 757,462 399,822 399,822 357,641 53% Expenditures by Type Supplies 62,084 193,652 137,000 263,199 29,344 74,832 104,176 159,023 40% Services & Charges Professional Services 1,136 188 - - 1,929 - 1,929 (1,929) - Education & Training 81,558 131,259 90,000 110,375 78,664 5,175 83,839 26,536 76% Travel 20,646 28,840 51,500 41,745 15,702 8,232 23,934 17,811 57% Other Services & Charges 31,475 69,045 59,250 49,250 21,976 - 21,976 27,274 45% Total Services & Charges 134,816 229,333 200,750 201,370 118,272 13,407 131,679 69,692 65% Capital - - - 40,000 - 35,531 35,531 4,469 89% Interfund Transfers Out - - - 19,000 19,000 - 19,000 - 100% Total Expenditures 196,900 422,985 337,750 523,568 166,616 123,770 290,385 233,184 55% Net Surplus / (Deficit)61,806 (97,123) 236,712 233,894 233,206 109,437 Beginning Cash Balance 421,276 483,549 378,981 Cash Adjustments 467 (7,445) - Ending Cash Balance 483,549 378,981 612,875 626,817 Cash Reserves Target 49,225 105,746 130,892 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 March 31, 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 2,176,275 2,176,275 6,650,682 25% Interest Earnings 33,595 25,015 10,000 10,000 3,870 3,870 6,130 39% Total Revenue 9,736,892 9,416,761 8,836,957 8,836,957 2,180,145 2,180,145 6,656,812 25% Expenditures by Department Police Department 4,619,654 4,737,560 6,344,523 6,344,523 1,464,120 - 1,464,120 4,880,403 23% Fire Department 4,330,886 4,880,453 6,344,524 6,344,524 1,464,120 - 1,464,120 4,880,404 23% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 2,928,240 - 2,928,240 9,760,807 23% Expenditures by Type Personnel Salaries & Wages 6,703,431 7,651,358 12,689,047 12,689,047 2,928,240 - 2,928,240 9,760,807 23% Fringe Benefits 2,247,109 1,966,655 - - - - - - - Total Personnel 8,950,540 9,618,013 12,689,047 12,689,047 2,928,240 - 2,928,240 9,760,807 23% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 2,928,240 - 2,928,240 9,760,807 23% Net Surplus / (Deficit) 786,352 (201,253) (3,852,090) (3,852,090) (748,095) (748,095) 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 - 3,096,370 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 March 31, 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 8,640 8,640 (2,920) 151% Interest Earnings 5,998 4,038 5,434 5,434 741 741 4,693 14% Total Revenue 11,478 18,678 11,154 11,154 9,381 9,381 1,773 84% 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) 9,381 9,381 Beginning Cash Balance 725,194 681,823 698,546 Cash Adjustments 2,928 (1,685) - Ending Cash Balance 681,823 698,546 659,700 707,927 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 March 31, 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 March 31, 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 1,837,850 493,011 493,011 1,344,839 27% Fines, Forfeitures, and Fees - 300 - - - - - - Interest Earnings 9,151 8,474 9,023 9,023 1,749 1,749 7,274 19% 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 4,231,873 514,758 514,758 3,717,115 12% 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) (52,325) (2,276,791) 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 2,706,014 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 March 31, 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 March 31, 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 30 30 226 12% Other Income - - - - - - - - Total Revenue 243 165 10,256 10,256 30 30 10,226 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 30 30 Beginning Cash Balance 27,647 27,937 28,102 Cash Adjustments 47 - - Ending Cash Balance 27,937 28,102 28,358 28,132 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 March 31, 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 2,991 379 379 2,612 13% Other Income - 1,300 - - - - - - Total Revenue 57,555 97,843 92,991 92,991 16,984 16,984 76,007 18% Expenditures by Type Supplies 16,731 32,702 24,000 26,475 31,143 20,230 51,373 (24,898) 194% Services & Charges Professional Services - - - Printing & Advertising - - 1,300 1,300 - - - 1,300 0% Education & Training 425 13,608 9,000 9,000 700 2,839 3,539 5,461 39% 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 5,284 2,839 8,123 64,761 11% Capital - - - - - - - - - Total Expenditures 19,679 53,135 92,300 99,359 36,427 23,069 59,496 39,863 60% Net Surplus / (Deficit) 37,876 44,708 691 (6,368) (19,443) (42,512) Beginning Cash Balance 293,325 330,404 360,311 Cash Adjustments (797) (14,800) - Ending Cash Balance 330,404 360,311 353,943 351,481 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 supplies for river rescue training. No major expenditures are planned. Cash Reserves Target 25% of Annual expenditures 92 City of South Bend, Indiana Monthly Financial Report March 31, 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 March 31, 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 March 31, 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 March 31, 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 70,027 70,027 (45,027) 280% Interest Earnings 723 192 697 697 27 27 670 4% Interfund Transfers In - - - 19,000 19,000 19,000 - 100% Total Revenue 723 58,110 25,697 44,697 89,054 89,054 (44,357) 199% 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 89,054 89,054 Beginning Cash Balance 113,552 83,275 60,237 Cash Adjustments - - - Ending Cash Balance 83,275 60,237 76,434 149,291 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. 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 March 31, 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 March 31, 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 - - 334 334 (334) - Total Revenue 2,981 1,857 - - 334 334 (334) - Expenditures by Type Capital 89,311 - - - - - - - - Total Expenditures 89,311 - - - - - - - - Net Surplus / (Deficit)(86,330) 1,857 - - 334 334 Beginning Cash Balance 399,877 314,233 316,090 Cash Adjustments 686 - - Ending Cash Balance 314,233 316,090 316,090 316,424 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 March 31, 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 1,027,518 - 1,027,518 3,548,520 22% Total Personnel 4,205,078 4,131,672 4,576,038 4,576,038 1,027,518 - 1,027,518 3,548,520 22% 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 1,400 276 - 276 1,124 20% Total Services & Charges 4,179 4,796 7,750 7,750 276 3,500 3,776 3,974 49% Total Expenditures 4,209,256 4,136,468 4,583,888 4,583,888 1,027,794 3,500 1,031,294 3,552,594 22% Net Surplus / (Deficit) 116,482 (33,381) (62,618) (62,618) (1,023,617) (1,027,117) Beginning Cash Balance 336,501 453,561 420,180 Cash Adjustments 577 - - Ending Cash Balance 453,561 420,180 357,562 (603,437) 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 March 31, 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 1,511,981 - 1,511,981 4,537,359 25% Total Personnel 6,186,554 5,958,435 6,049,340 6,049,340 1,511,981 - 1,511,981 4,537,359 25% 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 1,400 269 - 269 1,131 19% Total Services & Charges 4,445 4,329 8,400 8,400 269 3,500 3,769 4,631 45% Total Expenditures 6,190,998 5,962,764 6,057,740 6,057,740 1,512,249 3,500 1,515,749 4,541,990 25% Net Surplus / (Deficit)(132,776) (5,646) 6,310 6,310 (1,510,392) (1,513,892) Beginning Cash Balance 698,148 566,569 560,923 Cash Adjustments 1,197 - - Ending Cash Balance 566,569 560,923 567,233 (949,469) 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 March 31, 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 March 31, 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 - - 51 51 (51) - Charges for Services 2,760,462 2,922,965 3,196,581 3,196,581 662,038 662,038 2,534,543 21% Fines, Forfeitures, and Fees - 12 - - - - - - Interest Earnings 7,167 20,758 50,000 50,000 5,600 5,600 44,400 11% Debt Proceeds - - 269,000 269,000 - - 269,000 0% Donations 1,061,421 912,899 1,000,000 1,000,000 480,829 480,829 519,171 48% Other Income 127,858 132,135 314,941 314,941 87,584 87,584 227,357 28% Interfund Transfers In 800,000 1,232,541 119,221 119,221 29,806 29,806 89,415 25% Total Revenue 15,876,432 16,604,000 16,484,004 16,484,004 1,265,909 1,265,909 15,218,096 8% Expenditures by Division Park Administration 1,499,024 1,528,718 1,137,939 1,138,336 265,972 804 266,776 871,560 23% Park Maintenance 6,962,316 6,987,490 7,542,027 8,037,456 1,730,241 369,447 2,099,688 5,937,767 26% Golf Courses 1,501,398 1,700,799 1,831,495 1,839,260 296,068 106,290 402,358 1,436,903 22% Recreational Experiences 2,773,309 2,683,314 2,444,112 2,470,739 677,789 43,828 721,617 1,749,123 29% Community Programming - - 1,604,980 1,611,638 56,738 4,489 61,226 1,550,412 4% Development & Promotions 882,516 911,174 921,648 969,442 223,255 41,633 264,888 704,554 27% Park Projects & Capital 1,041,871 460,817 300,000 1,696,920 97,445 433,108 530,553 1,166,368 31% Potawatomi Zoo 700,000 701,965 701,803 701,803 350,451 350,000 700,451 1,352 100% Total Expenditures 15,360,434 14,974,277 16,484,004 18,465,596 3,697,958 1,349,598 5,047,556 13,418,039 27% Expenditures by Type Personnel Salaries & Wages 6,015,996 5,799,795 6,516,670 6,515,170 1,213,972 - 1,213,972 5,301,198 19% Fringe Benefits 2,133,462 2,037,827 2,319,980 2,321,480 521,171 500 521,671 1,799,809 22% Total Personnel 8,149,458 7,837,623 8,836,650 8,836,650 1,735,143 500 1,735,643 7,101,007 20% Supplies 1,173,909 1,372,042 1,514,568 1,563,323 279,272 226,780 506,052 1,057,271 32% Services & Charges Professional Services 192,616 114,458 324,780 307,139 44,417 6 44,423 262,716 14% Printing & Advertising 102,375 155,635 258,800 276,314 84,406 39,100 123,506 152,808 45% Utilities 790,831 930,114 781,304 780,304 242,996 - 242,996 537,308 31% Repairs & Maintenance 515,084 636,277 584,034 644,129 143,526 95,458 238,984 405,146 37% Education & Training 11,167 15,827 25,425 23,125 7,891 2,075 9,966 13,159 43% Travel 3,355 5,123 33,400 35,750 1,800 3,755 5,555 30,195 16% Grants & Subsidies 715,000 715,000 715,000 715,000 365,000 350,000 715,000 - 100% Other Services & Charges 691,376 565,456 684,573 764,577 162,536 90,815 253,350 511,226 33% 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 1,117,619 581,208 1,698,828 2,173,532 44% Operating Expenditures 12,897,144 12,831,473 14,084,556 14,272,333 3,132,034 808,488 3,940,522 10,331,810 28% Capital 1,030,272 474,790 569,000 2,362,815 108,312 541,110 649,422 1,713,393 27% Interfund Interfund Allocations 1,421,220 1,668,015 1,830,448 1,830,448 457,612 - 457,612 1,372,836 25% Interfund Transfers Out 11,799 - - - - - - - - Total Interfund 1,433,019 1,668,015 1,830,448 1,830,448 457,612 - 457,612 1,372,836 25% Total Expenditures 15,360,434 14,974,277 16,484,004 18,465,596 3,697,958 1,349,598 5,047,556 13,418,039 27% Net Surplus / (Deficit) 515,998 1,629,723 - (1,981,592) (2,432,049) (3,781,648) 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 3,526,891 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. 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 March 31, 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 March 31, 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 March 31, 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 March 31, 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 25,000 274 274 24,727 1% Interest Earnings 144 58 109 109 1 1 108 1% Total Revenue 144 58 25,109 25,109 274 274 24,835 1% 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) (6,688) (7,403) Beginning Cash Balance 25,850 11,685 814 Cash Adjustments 790 (746) - Ending Cash Balance 11,685 814 208 (5,873) 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 March 31, 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 1,500,000 593,182 593,182 906,818 40% Interest Earnings - 218 - - 826 826 (826) - Total Revenue - 775,632 1,500,000 1,500,000 594,008 594,008 905,992 40% Expenditures by Type Capital - - 1,500,000 2,304,900 927,815 106,935 1,034,750 1,270,150 45% Total Expenditures - - 1,500,000 2,304,900 927,815 106,935 1,034,750 1,270,150 45% Net Surplus / (Deficit)- 775,632 - (804,900) (333,807) (440,742) Beginning Cash Balance - - 775,632 Cash Adjustments - - - Ending Cash Balance - 775,632 (29,268) 704,830 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 March 31, 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 - - - - - Charges for Services 37,554 37,223 85,000 - - - - - Interest Earnings 3,981 1,057 6,811 6,811 2,015 2,015 4,796 30% Debt Proceeds - - - 6,501,890 6,501,890 6,501,890 - 100% Interfund Transfers In 175,579 1,800,000 - - - - - - Total Revenue 217,114 1,838,280 591,811 6,508,701 6,503,905 6,503,905 4,796 100% 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% Debt Service Interest & Fees - - - 359,274 359,274 - 359,274 - 100% Total Services & Charges 90,471 90 25,000 419,184 369,569 19,705 389,274 29,910 93% Capital 346,394 113,550 - 8,031,800 63,980 6,776,425 6,840,405 1,191,395 85% Total Expenditures 436,865 128,451 50,000 8,475,984 433,549 6,796,130 7,229,678 1,246,305 85% Net Surplus / (Deficit) (219,751) 1,709,829 541,811 (1,967,283) 6,070,357 (725,773) Beginning Cash Balance 422,125 203,098 1,912,926 Cash Adjustments 724 - - Ending Cash Balance 203,098 1,912,926 (54,357) 7,983,283 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). 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. In 2022, the City issued bonds to fund capital improvement projects at the Morris. The South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2022 were closed on March 2, 2022 with a par amount of $6,395,000 and a premium of $106,890. The net proceeds after bond issuance costs were $6.1 million. The bonds have a net interest rate of 3.064%. The bonds are backed by hotel/motel tax revenue. The Hotel/Motel Tax Board pledged 0.50% of hotel/motel tax revenue towards the repayment of the bonds. The bonds will be repaid over a period of 25 years with the first debt service payment due on August 1, 2022 and the final payment due on February 1, 2046. Debt service payments are tracked in the South Bend Redevelopment Authority Debt Service Fund (#752). 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 is celebrating its 100 year anniversary in 2022 and is planning for major renovations consisting of certain energy savings improvements, renovations to the floor and seating, and other improvements. Funding will be provided by donations to be raised by the Venues, Parks & Arts Foundation. Additionally, the City issued revenue bonds to help fund the capital improvements. Cash Reserves Target No reserve requirement 108 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,448 1,448 6,553 18% Interest Earnings 617 493 247 247 99 99 148 40% Total Revenue 7,094 12,571 8,247 8,247 1,547 1,547 6,701 19% 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) 1,547 1,547 Beginning Cash Balance 107,792 80,911 93,481 Cash Adjustments 185 - - Ending Cash Balance 80,911 93,481 66,728 95,028 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 March 31, 2022 Fund Name Zoo Bond Capital Fund Number 453 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 293 - - - - - - - Debt Proceeds - - - 5,891,800 5,891,800 5,891,800 - 100% Total Revenue 293 - - 5,891,800 5,891,800 5,891,800 - 100% Expenditures by Type Services & Charges Debt Service Interest & Fees - - - 318,188 318,188 - 318,188 - 100% Total Services & Charges - - - 318,188 318,188 - 318,188 - 100% Capital 121,222 - - 5,573,613 - - - 5,573,613 0% Total Expenditures 121,222 - - 5,891,800 318,188 - 318,188 5,573,613 5% Net Surplus / (Deficit)(120,929) - - - 5,573,613 5,573,613 Beginning Cash Balance 120,929 - - Cash Adjustments - - - Ending Cash Balance - - - 5,573,613 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 accounts for the expenditures of the bond proceeds from the Economic Development Lease Rental Revenue Bonds, Series 2022. The bonds were issued to fund a variety of projects in furtherance of the Potawatomi Zoo's 30-year master plan. The Hotel/Motel Tax Board pledged 0.50% of hotel/motel tax revenue towards the repayment of the bonds. The bonds will be repaid over a period of 20 years with the first debt service payment due on August 1, 2022 and the final payment due on February 1, 2042. Debt service payments are tracked in the South Bend Building Corporation Debt Service Fund (#755). Previously this fund was used to track the expenditures of the proceeds from the Economic Development Revenue Bonds, Series 2018. The bonds were issued to fund capital improvements at the Zoo, including a modernized visitor center and various deferred maintenance improvements throughout the Zoo. The 2018 bond capital proceeds were fully spent in 2020. The 2022 Zoo bonds were closed on March 2, 2022 with a par amount of $5,715,000 and a premium of $176,800. The net proceeds after bond issuance costs were $5,550,000. The bonds have a net interest rate of 2.718%. The 2018 Zoo bonds were closed on November 1, 2018 with a par amount of $3,440,000 and a premium of $346,189. The net proceeds after bond issuance costs were $3,702,814. The bonds have a net interest rate of 3.78%. The bonds were issued to finance the costs of the construction, expansion, renovation, equipping, furnishing and improving the Potawatomi Zoo, located at 500 Greenlawn Avenue, including the following: (i) the renovation, construction and equipping of a new lion habitat to include new rock facade, new fencing and a new visitor viewing area; (ii) the construction, equipping and furnishing of a new concession and dining facility in the North American portion of the Zoo, permitting visitors to view a newly constructed black bear habitat which will permit the introduction of a new species for the Zoo; (iii) replacement of the existing corporate and family picnic area with a new covered pavilion along with a new kitchen area and new fencing, pathways and storage areas; (iv) renovation of the North American animal habitats to meet modern Zoo standards including without limitation the construction and equipping of a new holding barn in the center and the installation of new fencing and habitat esthetics; and (v) the construction and equipping of a new tiger habitat to meet current accreditation standards for zoos which will include the construction of a new, modern habitat within a portion of Potawatomi Park land not currently being utilized by the Zoo. 110 City of South Bend, Indiana Monthly Financial Report March 31, 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 4,472 4,472 329 93% Total Revenue 72,162 31,461 - 4,801 4,472 4,472 329 93% 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 - 191,031 178,410 8,688 187,099 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 - 167,500 167,500 742,060 18% Total Expenditures 3,227,021 1,695,211 - 4,264,527 180,010 2,550,416 2,730,427 1,534,100 64% 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 - 4,258,063 180,010 2,550,416 2,730,427 1,527,636 64% Total Expenditures 3,227,021 1,695,211 - 4,264,527 180,010 2,550,416 2,730,427 1,534,100 64% Net Surplus / (Deficit)(3,154,859) (1,663,750) - (4,259,726) (175,539) (2,725,955) 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 - 4,110,105 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 111 City of South Bend, Indiana Monthly Financial Report March 31, 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 844,835 905,346 913,300 913,300 220,388 220,388 692,912 24% Fines, Forfeitures, and Fees 38,862 45,810 50,000 50,000 7,625 7,625 42,375 15% Interest Earnings 8,089 4,803 2,495 2,495 965 965 1,530 39% Other Income 2,468 71 - - - - - - Total Revenue 894,253 956,029 965,795 965,795 228,978 228,978 736,817 24% Expenditures by Subdivisions Parking Enforcement 71,212 3,992 738 1,038 285 - 285 754 27% Parking General Operations 40,118 435,881 527,193 579,121 134,505 7,380 141,885 437,236 25% Main Street Garage 638,343 109,357 213,469 309,407 65,013 97,053 162,066 147,340 52% Leighton Plaza Garage 478,042 108,032 202,274 271,422 67,904 88,806 156,709 114,713 58% Wayne Street Garage 307,837 67,306 148,444 252,507 59,760 102,609 162,369 90,138 64% Eddy St Commons Garage 10,511 - - - - - - - - Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 327,466 295,848 623,314 790,181 44% Expenditures by Type Personnel Other Personnel Costs - 172,990 295,100 295,100 58,198 - 58,198 236,902 80% Total Personnel - 172,990 295,100 295,100 58,198 - 58,198 236,902 80% Supplies - 21,389 30,000 31,699 4,380 2,666 7,047 24,653 22% Services & Charges Professional Services 490,335 164,606 104,900 116,114 10,150 4,714 14,863 101,250 13% Utilities 100,720 101,784 131,000 131,000 31,782 - 31,782 99,218 24% Repairs & Maintenance 237,452 63,496 156,000 176,820 23,802 10,994 34,796 142,023 20% Other Services & Charges 17,088 24,317 22,200 22,200 3,145 - 3,145 19,055 14% Total Services & Charges 845,594 354,203 414,100 446,134 68,879 15,708 84,587 361,546 19% Operating Expenditures 845,594 548,582 739,200 772,933 131,457 18,375 149,832 623,101 19% 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 40,730 - 40,730 122,188 25% Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 327,466 295,848 623,314 790,181 44% Net Surplus / (Deficit)(651,810) 231,462 (126,323) (447,700) (98,488) (394,336) Beginning Cash Balance 1,326,253 674,268 907,380 Cash Adjustments (175) 1,650 - Ending Cash Balance 674,268 907,380 459,680 809,355 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. 112 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - 987,000 987,000 238,339 238,339 748,661 24% Interest Earnings - - 4,657 4,657 409 409 4,248 9% Other Income - - 12,500 12,500 12,798 12,798 (298) 102% Interfund Allocation Reimb - - 89,450 89,450 22,362 22,362 67,088 25% Interfund Transfers In - - 1,110,000 1,110,000 939,012 939,012 170,988 85% Total Revenue - - 2,203,607 2,203,607 1,212,921 1,212,921 990,687 55% Expenditures by Subdivisions Morris Performing Arts Center - - 1,613,579 1,613,579 301,313 16,806 318,120 1,295,459 20% Events Promotion - - 70,000 70,000 - - - 70,000 0% Total Expenditures - - 1,683,579 1,683,579 301,313 16,806 318,120 1,365,459 19% Expenditures by Type Personnel Salaries & Wages - - 500,702 500,702 109,957 - 109,957 390,745 22% Fringe Benefits - - 228,225 228,225 51,977 - 51,977 176,248 23% Total Personnel - - 728,927 728,927 161,934 - 161,934 566,993 22% Supplies - - 25,000 25,000 8,172 364 8,537 16,463 34% Services & Charges Professional Services - - 200,000 200,500 84 - 84 200,416 0% Printing & Advertising - - 200,000 200,000 20,407 2,293 22,699 177,301 11% Utilities - - 139,100 139,100 30,834 - 30,834 108,266 22% Repairs & Maintenance - - 98,500 96,500 4,275 3,390 7,664 88,836 8% Education & Training - - 4,500 4,500 1,614 1,997 3,611 889 80% Travel - - 4,500 6,000 4,139 4,211 8,350 (2,350) 139% Other Services & Charges - - 20,350 20,350 4,179 4,552 8,731 11,619 43% Total Services & Charges - - 666,950 666,950 65,532 16,442 81,974 584,977 12% Operating Expenditures - - 1,420,877 1,420,877 235,638 16,806 252,444 1,168,433 18% Interfund Interfund Allocations - - 262,702 262,702 65,676 - 65,676 197,026 25% Total Interfund - - 262,702 262,702 65,676 - 65,676 197,026 25% Total Expenditures - - 1,683,579 1,683,579 301,313 16,806 318,120 1,365,459 19% Net Surplus / (Deficit)- - 520,028 520,028 911,608 894,802 Beginning Cash Balance - - - Cash Adjustments - - - Ending Cash Balance - - 520,028 914,084 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). 113 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,212,921 1,212,921 990,686 55% Total Revenue 462,715 1,780,967 2,203,607 2,203,607 1,267,992 1,267,992 935,615 58% Revenue Intergov./ Grants - 992,163 - - - - - - Charges for Services 358,834 696,886 987,000 987,000 238,339 238,339 748,661 24% Interest Earnings 2,466 1,808 4,657 4,657 602 602 4,055 13% Donations - 500 - - - - - - Other Income 5,930 2,864 12,500 12,500 67,676 67,676 (55,176) 541% Interfund Allocation Reimb 40,118 86,746 89,450 89,450 22,362 22,362 67,088 25% 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 1,267,992 1,267,992 935,616 58% Expenditures by Fund General Fund (#101)1,003,966 1,106,303 600,000 656,962 631,501 25,461 656,962 - 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 1,683,579 301,313 16,806 318,120 1,365,459 19% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,271,826 42,268 1,314,094 1,536,447 46% Expenditures by Type Personnel Salaries & Wages 285,767 430,859 500,702 500,702 109,957 - 109,957 390,745 22% Fringe Benefits 131,601 200,379 228,225 228,225 51,977 - 51,977 176,248 23% Total Personnel 417,368 631,239 728,927 728,927 161,934 - 161,934 566,994 22% Supplies 22,110 29,271 25,000 33,435 16,607 364 16,972 16,463 51% Services & Charges Professional Services 2,518 1,650 200,000 204,944 4,528 - 4,528 200,416 2% Printing & Advertising 17,634 21,798 200,000 223,775 31,561 14,913 46,474 177,301 21% Utilities 112,645 110,532 139,100 139,100 30,834 - 30,834 108,266 22% Repairs & Maintenance 34,268 61,776 98,500 106,023 9,414 7,773 17,187 88,836 16% Education & Training - 3,224 4,500 9,014 1,639 6,486 8,125 889 90% Travel 1,469 3,626 4,500 9,659 5,075 6,934 12,009 (2,350) 124% Other Services & Charges 11,433 12,862 20,350 22,963 5,546 5,798 11,344 11,619 49% Total Services & Charges 179,966 215,468 666,950 715,477 88,597 41,903 130,501 584,976 18% Operating Expenditures 619,444 875,978 1,420,877 1,477,839 267,138 42,268 309,406 1,168,433 21% Interfund Interfund Allocations 210,875 237,973 262,702 262,702 65,676 - 65,676 197,026 25% 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 1,004,688 - 1,004,688 368,014 73% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,271,826 42,268 1,314,094 1,536,447 46% Net Surplus / (Deficit) (543,183) 667,016 (589,972) (646,934) (3,834) (46,102) 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. 114 City of South Bend, Indiana Monthly Financial Report March 31, 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 2,778,000 448,482 448,482 2,329,518 16% Interest Earnings 7 54 - - - - - - Other Income 5,936 5,177 3,750 3,750 36,777 36,777 (33,027) 981% Interfund Allocation Reimb 68,478 67,477 69,185 69,185 17,296 17,296 51,889 25% Total Revenue 1,955,594 2,111,688 4,125,935 4,125,935 1,540,055 1,540,055 2,585,880 37% Expenditures by Subdivisions City Operations 1,149,345 1,246,312 1,543,246 1,559,473 302,946 27,430 330,376 1,229,097 21% Food & Beverage Operations 1,444,541 1,702,069 2,535,485 2,535,485 567,255 - 567,255 1,968,230 22% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 870,201 27,430 897,631 3,197,327 22% Expenditures by Type Personnel Salaries & Wages 368,842 350,615 469,511 469,511 84,980 - 84,980 384,531 18% Fringe Benefits 138,803 124,970 185,425 185,425 32,340 - 32,340 153,085 17% Other Personnel Costs 757,895 730,187 718,000 718,000 272,066 - 272,066 445,934 38% Total Personnel 1,265,540 1,205,772 1,372,936 1,372,936 389,385 - 389,385 983,550 28% Supplies 317,548 551,277 1,136,200 1,136,301 171,112 1,550 172,662 963,639 15% Services & Charges Professional Services 35,698 107,162 122,108 122,108 35,289 - 35,289 86,819 29% Printing & Advertising 277 543 - - - - - - - Utilities 276,273 348,609 392,296 392,296 102,431 - 102,431 289,865 26% Repairs & Maintenance 74,654 71,901 115,000 128,088 21,802 16,402 38,205 89,883 30% Education & Training 1,724 428 2,500 2,500 - - - 2,500 0% Travel - 574 - - - - - - - Insurance 47,272 48,906 58,188 58,188 11,521 - 11,521 46,667 20% Other Services & Charges 311,417 268,797 537,589 540,627 78,354 9,478 87,832 452,794 16% Total Services & Charges 747,314 846,920 1,227,681 1,243,806 249,397 25,881 275,277 968,528 22% Operating Expenditures 2,330,403 2,603,968 3,736,817 3,753,044 809,895 27,430 837,325 2,915,717 22% Interfund Interfund Allocations 169,544 247,195 241,226 241,226 60,307 - 60,307 180,919 25% Interfund Transfers Out 93,939 97,217 100,688 100,688 - - - 100,688 0% Total Interfund 263,483 344,412 341,914 341,914 60,307 - 60,307 281,607 18% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 870,201 27,430 897,631 3,197,324 22% Net Surplus / (Deficit) (638,292) (836,692) 47,204 30,977 669,854 642,424 Beginning Cash Balance 1,537,206 1,016,748 194,350 Cash Adjustments 117,834 14,294 - Ending Cash Balance 1,016,748 194,350 225,327 840,516 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. 115 City of South Bend, Indiana Monthly Financial Report March 31, 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 24 24 976 2% Other Income - - - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 1,931 98 1,000 1,000 24 24 976 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) 24 24 Beginning Cash Balance 981,681 983,612 983,710 Cash Adjustments - - - Ending Cash Balance 983,612 983,710 949,710 983,735 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 116 City of South Bend, Indiana Monthly Financial Report March 31, 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 2,000 269 269 1,731 13% 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 415,154 409,708 404,367 404,367 221,706 221,706 182,661 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 1,999 221,706 221,706 Beginning Cash Balance 189,409 193,705 196,702 Cash Adjustments 238 - - Ending Cash Balance 193,705 196,702 198,701 418,407 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 117 City of South Bend, Indiana Monthly Financial Report March 31, 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 32 32 241 12% Other Income - - - - - - - - Total Revenue 259 178 273 273 32 32 241 12% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)259 178 273 273 32 32 Beginning Cash Balance 29,730 30,041 30,218 Cash Adjustments 51 - - Ending Cash Balance 30,041 30,218 30,491 30,250 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 118 City of South Bend, Indiana Monthly Financial Report March 31, 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 4,328 503 503 3,825 12% Other Income - - - - - - - - Total Revenue 4,082 2,793 4,328 4,328 503 503 3,825 12% 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 4,328 503 503 Beginning Cash Balance 467,692 472,576 475,369 Cash Adjustments 802 - - Ending Cash Balance 472,576 475,369 479,697 475,872 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 119 City of South Bend, Indiana Monthly Financial Report March 31, 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 11 11 989 1% Interfund Transfers In 375,939 375,986 374,106 374,106 92,702 92,702 281,404 25% Total Revenue 376,746 376,033 375,106 375,106 92,713 92,713 282,393 25% 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 (94,428) (94,428) Beginning Cash Balance 590,497 586,111 587,763 Cash Adjustments - - - Ending Cash Balance 586,111 587,763 590,312 493,336 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 120 City of South Bend, Indiana Monthly Financial Report March 31, 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 5,942 732 732 5,210 12% Other Income 100,000 - - - - - - - Total Revenue 107,035 4,318 5,942 5,942 732 732 5,210 12% Expenditures by Type Services & Charges Professional Services 274,931 75,182 50,000 262,443 2,717 50,443 53,159 209,283 20% Total Services & Charges 274,931 75,182 50,000 262,443 2,717 50,443 53,159 209,283 20% Capital - - - - - - - - - Total Expenditures 274,931 75,182 50,000 262,443 2,717 50,443 53,159 209,283 20% Net Surplus / (Deficit) (167,896) (70,864) (44,058) (256,501) (1,985) (52,427) Beginning Cash Balance 929,415 763,112 692,248 Cash Adjustments 1,593 - - Ending Cash Balance 763,112 692,248 435,747 690,263 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 121 City of South Bend, Indiana Monthly Financial Report March 31, 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 28 28 (10) 158% Other Income 90,013 36,005 - - - - - - Total Revenue 90,725 77,180 18 568,361 5,678 5,678 562,684 1% Expenditures by Type Services & Charges Professional Services 56,352 438 - 90,850 1,170 68,323 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 8,811 19,419 28,231 64,755 30% Other Services & Charges - - - 11,400 - - - 11,400 0% Total Services & Charges 128,362 77,457 - 595,236 9,981 109,870 119,852 475,385 20% Interfund Transfers Out - - - - - - - - - Total Expenditures 128,362 77,457 - 595,236 9,981 109,870 119,852 475,385 20% Net Surplus / (Deficit) (37,637) (277) 18 (26,875) (4,304) (114,174) Beginning Cash Balance 64,775 27,154 26,876 Cash Adjustments 16 - - Ending Cash Balance 27,154 26,876 1 26,659 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 122 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,066,156 78,444 78,444 987,712 7% Fines, Forfeitures, and Fees 46,076 57,904 58,450 58,450 14,160 14,160 44,290 24% Interest Earnings 8,876 6,023 10,000 10,000 270 270 9,730 3% Other Income 2,598 573 - - 829 829 (829) - Interfund Allocation Reimb 174,531 145,765 181,981 181,981 45,495 45,495 136,486 25% Interfund Transfers In 2,268,899 500,000 4,179,829 4,043,829 420,000 420,000 3,623,829 10% Total Revenue 3,372,939 2,172,743 5,484,915 5,365,416 559,199 559,199 4,806,218 10% Expenditures by Type Personnel Salaries & Wages 1,529,047 1,779,295 2,743,056 2,743,056 443,027 - 443,027 2,300,029 16% Fringe Benefits 568,983 649,973 1,097,667 1,097,667 174,729 - 174,729 922,938 16% Total Personnel 2,098,029 2,429,268 3,840,723 3,840,723 617,755 - 617,755 3,222,967 16% Supplies 13,503 20,424 45,870 49,922 5,560 3,007 8,567 41,354 17% Services & Charges Professional Services 224,609 196,969 809,200 1,071,194 20,258 339,212 359,471 711,723 34% Printing & Advertising 7,560 4,758 23,675 23,675 1,373 - 1,373 22,302 6% Education & Training 4,576 14,288 30,500 39,080 367 8,683 9,050 30,030 23% Travel 4,502 268 33,762 33,762 - - - 33,762 0% Repairs & Maintenance 12,447 2,822 3,100 3,100 130 - 130 2,970 4% Other Services & Charges 11,772 24,660 32,225 32,225 2,799 - 2,799 29,426 9% Total Services & Charges 265,466 243,765 932,462 1,203,036 24,927 347,895 372,823 830,213 31% Operating Expenditures 2,376,999 2,693,456 4,819,055 5,093,681 648,242 350,903 999,145 4,094,534 20% Interfund Interfund Allocations 357,941 652,726 665,860 665,860 166,465 - 166,465 499,395 25% Interfund Transfers Out 35,000 50,000 - - - - - - - Total Interfund 392,941 702,726 665,860 665,860 166,465 - 166,465 499,395 25% Total Expenditures 2,769,940 3,396,182 5,484,915 5,759,541 814,707 350,903 1,165,610 4,593,929 20% Net Surplus / (Deficit) 603,000 (1,223,439) - (394,125) (255,509) (606,411) 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 - 151,329 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 123 City of South Bend, Indiana Monthly Financial Report March 31, 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 8,913,870 169,809 169,809 8,744,061 2% Fines, Forfeitures, and Fees 121 500 - - - - - - Other Income 186,664 341,376 119,687 119,687 43,427 43,427 76,260 36% Total Revenue 2,579,168 2,905,379 2,952,342 9,033,557 213,236 213,236 8,820,321 2% Expenditures by Type Services & Charges Professional Services 40,488 10,343 - 249,170 5,665 125,155 130,820 118,350 53% Grants & Subsidies 2,529,492 2,801,228 2,832,655 9,194,205 345,616 3,730,878 4,076,494 5,117,711 44% Total Services & Charges 2,569,980 2,811,571 2,832,655 9,443,375 351,281 3,856,033 4,207,314 5,236,061 45% Total Expenditures 2,569,980 2,811,571 2,832,655 9,443,375 351,281 3,856,033 4,207,314 5,236,061 45% Net Surplus / (Deficit) 9,188 93,809 119,687 (409,818) (138,045) (3,994,078) Beginning Cash Balance 305,248 313,907 409,818 Cash Adjustments (528) 2,102 - Ending Cash Balance 313,907 409,818 - 172,775 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 124 City of South Bend, Indiana Monthly Financial Report March 31, 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 3,954 3,954 58,946 6% Interest Earnings 7,420 4,812 7,971 7,971 810 810 7,161 10% Other Income 18 - - - 366 366 (366) - Total Revenue 59,018 38,879 70,871 70,871 5,130 5,130 65,741 7% 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 2,920 (14,870) Beginning Cash Balance 923,154 832,938 764,981 Cash Adjustments (7,482) 450 - Ending Cash Balance 832,938 764,981 812,852 767,901 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. 125 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,750 1,750 98,250 2% Interest Earnings 573 728 200 200 85 85 115 42% Interfund Transfers In 245,626 50,000 303,923 303,923 25,000 25,000 278,923 8% Total Revenue 353,999 57,608 404,123 404,123 26,835 26,835 377,288 7% Expenditures by Type Personnel Salaries & Wages 119,900 106,421 236,047 236,047 19,996 - 19,996 216,051 8% Fringe Benefits 59,277 52,625 114,076 114,076 9,861 - 9,861 104,215 9% Total Personnel 179,177 159,046 350,123 350,123 29,857 - 29,857 320,266 9% 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 30,842 99,686 130,528 320,266 29% Net Surplus / (Deficit) 171,237 (101,674) - (46,671) (4,007) (103,694) Beginning Cash Balance 17,823 189,090 87,416 Cash Adjustments 31 - - Ending Cash Balance 189,090 87,416 40,745 83,159 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. 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. 126 City of South Bend, Indiana Monthly Financial Report March 31, 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 7,025 7,025 29,975 19% Charges for Services 43,360 47,624 50,300 50,300 12,725 12,725 37,575 25% Fines, Forfeitures, and Fees 367,113 411,114 342,000 342,000 24,951 24,951 317,049 7% Interest Earnings 2,492 941 - - 150 150 (150) - 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 3,950,930 635,000 635,000 3,315,930 16% Total Revenue 4,235,305 3,065,940 4,765,730 4,765,730 681,199 681,199 4,084,530 14% Expenditures by Subdivisions Neighborhood Services 2,498,995 2,420,819 3,644,322 3,881,606 619,502 243,544 863,046 3,018,560 22% Animal Resource Center 934,825 949,115 1,121,408 1,132,829 211,502 12,930 224,432 908,397 20% Total Expenditures 3,433,820 3,369,933 4,765,730 5,014,435 831,003 256,474 1,087,477 3,926,957 22% Expenditures by Type Personnel Salaries & Wages 1,415,442 1,410,684 1,463,721 1,463,721 312,163 - 312,163 1,151,558 21% Fringe Benefits 588,698 575,669 677,513 677,513 139,569 - 139,569 537,944 21% Total Personnel 2,004,140 1,986,353 2,141,234 2,141,234 451,733 - 451,733 1,689,502 21% Supplies 113,969 110,837 153,450 165,115 36,290 8,082 44,372 120,743 27% Services & Charges Professional Services 40,574 67,185 102,300 102,800 22,841 8,919 31,760 71,040 31% Printing & Advertising 10,559 11,260 22,201 23,741 4,562 3,147 7,709 16,032 32% Utilities 31,984 32,310 41,389 41,389 9,310 - 9,310 32,079 22% Repairs & Maintenance 239,861 137,334 404,900 404,900 39,575 - 39,575 365,325 10% Education & Training 2,933 4,013 18,900 18,900 1,391 - 1,391 17,509 7% Travel 3,826 777 16,800 16,800 - - - 16,800 0% Other Services & Charges 120,664 112,018 495,160 495,160 23,252 1,326 24,578 470,582 5% 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 1,320,470 151,076 13,393 164,469 1,156,002 12% Operating Expenditures 2,618,973 2,556,971 3,613,114 3,626,819 639,099 21,474 660,573 2,966,247 18% Capital - 49,478 385,000 620,000 - 235,000 235,000 385,000 38% Interfund Allocations 814,847 763,484 767,616 767,616 191,904 - 191,904 575,712 25% Total Expenditures 3,433,820 3,369,933 4,765,730 5,014,435 831,003 256,474 1,087,477 3,926,959 22% Net Surplus / (Deficit) 801,485 (303,993) - (248,705) (149,804) (406,279) Beginning Cash Balance - 803,572 497,492 Cash Adjustments 2,088 (2,088) - Ending Cash Balance 803,572 497,492 248,787 357,502 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. 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 127 City of South Bend, Indiana Monthly Financial Report March 31, 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 28 28 237 11% 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 4,406 4,406 17,855 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) (1,594) (1,594) Beginning Cash Balance 53,838 32,733 27,182 Cash Adjustments 92 - - Ending Cash Balance 32,733 27,182 25,443 25,588 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 128 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,585,100 327,011 327,011 1,258,089 21% Fines, Forfeitures, and Fees 1,140 2,516 2,000 2,000 1,962 1,962 38 98% Interest Earnings 17,782 12,194 16,284 16,284 2,172 2,172 14,112 13% Other Income 422 1,044 - - 974 974 (974) - Total Revenue 1,324,083 1,531,105 1,603,384 1,603,384 332,119 332,119 1,271,265 21% Expenditures by Type Personnel Salaries & Wages 763,648 739,269 870,751 870,751 175,849 - 175,849 694,902 20% Fringe Benefits 305,840 319,458 392,308 392,308 89,666 700 90,366 301,942 23% Total Personnel 1,069,488 1,058,727 1,263,059 1,263,059 265,515 700 266,215 996,844 21% Supplies 14,538 15,666 19,861 19,914 6,138 53 6,190 13,723 31% 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 6,000 550 - 550 5,450 9% Travel - - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 14,257 28,086 15,000 15,000 6,430 - 6,430 8,570 43% Other Services & Charges 11,039 18,448 35,310 35,310 11,841 - 11,841 23,469 34% 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 26,158 - 26,158 72,512 27% Operating Expenditures 1,157,879 1,166,198 1,381,591 1,381,644 297,811 753 298,564 1,083,079 22% Capital - 49,478 - - - - - - - Interfund Allocations 328,799 339,938 665,210 665,210 166,303 - 166,303 498,907 25% Total Expenditures 1,486,678 1,555,614 2,046,801 2,046,854 464,114 753 464,866 1,581,986 23% Net Surplus / (Deficit)(162,595) (24,509) (443,417) (443,470) (131,994) (132,747) 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 1,970,748 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. 129 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - 3,164,805 3,164,805 (3,164,805) - Interest Earnings - 380 2,000 2,000 97 97 1,903 5% Other Income 266,643 300,472 172,000 172,000 130,745 130,745 41,255 76% Total Revenue 266,643 2,959,263 174,000 174,000 3,295,646 3,295,646 (3,121,647) 1894% Expenditures by Type Services & Charges Professional Services 88,742 291,043 455,982 589,021 75,070 11,490 86,560 502,461 15% Other Services & Charges 15,285 199,656 26,298 39,688 4,555 - 4,555 35,134 11% Grants & Subsidies - 2,700,000 - 4,290,000 2,757,400 - 2,757,400 1,532,600 64% Total Expenditures 104,026 3,190,699 482,280 4,918,709 2,837,025 11,490 2,848,515 2,070,195 58% Net Surplus / (Deficit) 162,616 (231,436) (308,280) (4,744,709) 458,621 447,132 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) 4,253,622 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 130 City of South Bend, Indiana Monthly Financial Report March 31, 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 24 24 976 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 1,716,000 858,024 858,024 857,976 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 4,239 4,239 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 1,746,938 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 131 City of South Bend, Indiana Monthly Financial Report March 31, 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. 132 City of South Bend, Indiana Monthly Financial Report March 31, 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 47 47 1,703 3% 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 1,928,125 962,672 962,672 965,453 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 47 47 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 3,668,659 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 133 City of South Bend, Indiana Monthly Financial Report March 31, 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 2,300 241 241 2,059 10% Charges for Services 6,882,174 7,279,944 8,636,001 8,636,001 2,164,320 2,164,320 6,471,681 25% Interest Earnings 10,210 6,268 11,090 11,090 723 723 10,367 7% Other Income 84,210 78,626 69,000 69,000 12,129 12,129 56,871 18% Interfund Allocation Reimb 122,143 129,585 160,000 160,000 40,000 40,000 120,000 25% Total Revenue 7,101,248 7,497,135 8,878,391 8,878,391 2,217,414 2,217,414 6,660,978 25% Expenditures by Division Equipment Services 6,717,971 7,695,353 7,943,058 7,945,303 2,213,547 8,046 2,221,593 5,723,709 28% Print Shop 13,844 2,504 - - - - - - - Radio Shop 229,304 207,641 283,073 283,073 45,002 284 45,286 237,787 16% Building Maintenance 180,749 188,820 221,091 221,091 32,122 - 32,122 188,969 15% Facilities Management 101,697 144,897 181,838 181,838 28,371 - 28,371 153,467 16% 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 2,321,298 58,499 2,379,797 6,493,932 27% Expenditures by Type Personnel Salaries & Wages 1,795,351 1,772,151 2,125,646 2,125,646 414,262 - 414,262 1,711,384 19% Fringe Benefits 780,402 758,851 982,988 982,988 199,378 - 199,378 783,610 20% Total Personnel 2,575,754 2,531,003 3,108,634 3,108,634 613,639 - 613,639 2,494,994 20% Supplies 3,998,093 4,782,010 4,594,490 4,595,876 1,469,924 4,354 1,474,278 3,121,597 32% 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 27,147 - 27,147 37,321 42% Repairs & Maintenance 54,985 62,344 148,575 198,759 15,367 51,145 66,512 132,247 33% Education & Training 9,389 8,696 12,050 12,150 1,819 - 1,819 10,331 15% Travel - 51 1,850 1,850 - - - 1,850 0% Other Services & Charges 13,132 12,504 16,850 16,850 4,108 - 4,108 12,742 24% 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 48,440 51,145 99,585 246,458 29% Operating Expenditures 6,729,752 7,473,109 7,998,884 8,050,553 2,132,004 55,499 2,187,503 5,863,049 27% Capital - - 63,000 66,000 - 3,000 3,000 63,000 5% Interfund Interfund Allocations 306,521 683,462 757,176 757,176 189,294 - 189,294 567,882 25% Interfund Transfers Out 207,293 82,645 - - - - - - - Total Interfund 513,814 766,107 757,176 757,176 189,294 - 189,294 567,882 25% Total Expenditures 7,243,566 8,239,216 8,819,060 8,873,729 2,321,298 58,499 2,379,797 6,493,931 27% Net Surplus / (Deficit) (142,319) (742,081) 59,331 4,662 (103,884) (162,383) Beginning Cash Balance 1,455,158 1,209,079 658,666 Cash Adjustments (103,760) 191,668 - Ending Cash Balance 1,209,079 658,666 663,327 742,033 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 134 City of South Bend, Indiana Monthly Financial Report March 31, 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 135 City of South Bend, Indiana Monthly Financial Report March 31, 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 6,540 6,540 25,307 21% 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 3,365,000 841,250 841,250 2,523,750 25% Interfund Transfers In 49,087 - - - - - - - Total Revenue 4,644,513 3,386,046 3,398,847 3,398,847 850,131 850,131 2,548,716 25% Expenditures by Division Safety/Risk Management 151,479 30,947 - - - - - - - Liability Insurance 761,414 1,188,510 1,230,000 1,230,000 62,994 184,548 247,542 982,458 20% Business Insurance 622,434 452,651 1,865,000 3,001,754 70,148 427,687 497,835 2,503,919 17% Workers' Compensation 1,211,428 1,531,310 1,268,000 1,268,000 472,951 25,711 498,662 769,338 39% 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 5,603,078 606,572 650,791 1,257,363 4,345,715 22% Expenditures by Type Personnel Salaries & Wages 116,402 - - - - - - - - Fringe Benefits 46,090 - - - - - - - - Other Personnel Costs 17,308 14,052 42,000 42,000 10,489 1,211 11,700 30,301 28% Total Personnel 179,800 14,052 42,000 42,000 10,489 1,211 11,700 30,301 28% Supplies 1,988 2,187 - - - - - - - Services & Charges Professional Services 420,313 334,849 1,001,000 1,237,754 52,840 452,187 505,027 732,728 41% 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 2,170,000 500,957 50,548 551,505 1,618,495 25% Other Services & Charges 218,415 391,938 1,150,000 1,150,000 41,809 134,000 175,809 974,191 15% Total Services & Charges 2,487,522 3,165,555 4,321,000 5,457,754 595,605 636,735 1,232,340 4,225,414 23% 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 5,603,078 606,572 650,791 1,257,363 4,345,715 22% Net Surplus / (Deficit) 986,951 157,746 (964,153) (2,204,231) 243,559 (407,232) 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 6,498,777 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 136 City of South Bend, Indiana Monthly Financial Report March 31, 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 2,405,051 2,405,051 7,215,153 25% Charges for Services 111,796 47,379 - - - - - - Debt Proceeds - 900,928 - - - - - - Other Income 53,757 111,836 64,525 64,525 41,718 41,718 22,807 65% Donations - 15,000 - - 181,987 181,987 (181,987) - Interest Earnings 21,431 14,598 5,000 5,000 3,739 3,739 1,261 75% Total Revenue 6,843,915 10,219,588 9,689,729 9,689,729 2,632,495 2,632,495 7,057,234 27% Expenditures by Division 311 Call Center 551,515 567,939 683,948 683,955 140,283 7,587 147,869 536,085 22% Innovation & Technology 7,324,325 8,264,034 9,015,101 9,959,289 2,458,303 1,804,843 4,263,146 5,696,143 43% Total Expenditures 7,875,840 8,831,973 9,699,049 10,643,243 2,598,586 1,812,430 4,411,015 6,232,228 41% Expenditures by Type Personnel Salaries & Wages 1,844,342 1,908,602 2,170,830 2,170,830 460,592 - 460,592 1,710,238 21% Fringe Benefits 708,812 704,230 874,276 874,276 177,683 - 177,683 696,593 20% Total Personnel 2,553,154 2,612,832 3,045,106 3,045,106 638,276 - 638,276 2,406,831 21% Supplies 130,511 714,903 193,850 311,271 72,709 270,811 343,521 (32,250) 110% Services & Charges Professional Services 1,058,605 510,586 410,500 1,131,874 30,109 745,550 775,659 356,215 69% 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 1,559,790 780,233 2,340,024 2,397,825 49% Education & Training 9,162 33,654 57,900 58,188 6,789 2,300 9,089 49,099 16% Travel 7,385 161 27,110 30,110 2,605 13,535 16,140 13,970 54% Other Services & Charges 422,383 292,472 193,824 193,824 70,078 - 70,078 123,746 36% Debt Service Principal 606,922 966,528 1,063,402 1,062,875 208,950 - 208,950 853,925 20% Debt Service Interest & Fees 59,675 50,358 65,816 66,343 9,116 - 9,116 57,227 14% Total Services & Charges 5,186,263 5,503,347 6,459,440 7,286,213 1,887,437 1,541,618 3,429,056 3,857,157 47% Operating Expenditures 7,869,929 8,831,082 9,698,396 10,642,590 2,598,422 1,812,430 4,410,852 6,231,738 41% Interfund Allocations 5,911 891 653 653 163 - 163 490 25% Total Expenditures 7,875,840 8,831,973 9,699,049 10,643,243 2,598,586 1,812,430 4,411,015 6,232,228 41% Net Surplus / (Deficit) (1,031,925) 1,387,615 (9,320) (953,514) 33,909 (1,778,521) 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 3,662,574 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 137 City of South Bend, Indiana Monthly Financial Report March 31, 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 4,019,388 4,019,388 12,162,052 25% Other Income 373,523 1,438,628 385,000 385,000 355,708 355,708 29,292 92% Interest Earnings 89,646 62,791 58,809 58,809 11,547 11,547 47,262 20% Total Revenue 16,348,427 17,243,514 16,625,249 16,625,249 4,386,644 4,386,644 12,238,606 26% Expenditures by Subdivision Health Insurance 14,472,911 15,509,012 17,121,703 17,129,426 4,055,023 84,852 4,139,875 12,989,551 24% Workplace Wellness Clinic 996,006 1,003,588 1,169,308 1,169,308 43,106 968,102 1,011,208 158,100 86% Employee Wellness 76,048 89,896 99,974 101,130 10,371 58,347 68,718 32,412 68% Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 4,108,500 1,111,301 5,219,801 13,180,063 28% Expenditures by Type Personnel Other Personnel Costs 13,740,971 14,681,353 16,308,759 16,309,915 3,878,254 58,347 3,936,601 12,373,314 24% Total Personnel 13,740,971 14,681,353 16,308,759 16,309,915 3,878,254 58,347 3,936,601 12,373,314 24% Supplies 131,045 110,297 150,000 150,000 9,750 94,895 104,645 45,355 70% Services & Charges Professional Services 1,083,611 1,063,335 1,198,308 1,205,031 66,575 958,059 1,024,634 180,397 85% Printing & Advertising - - 100 100 - - - 100 0% Insurance 587,028 737,651 732,318 732,318 153,258 - 153,258 579,060 21% Other Services & Charges 2,309 3,194 1,500 2,500 663 - 663 1,837 27% Total Services & Charges 1,672,948 1,804,180 1,932,226 1,939,949 220,496 958,059 1,178,555 761,394 61% Interfund Transfers Out - 6,667 - - - - - - - Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 4,108,500 1,111,301 5,219,801 13,180,063 28% Net Surplus / (Deficit) 803,462 641,018 (1,765,736) (1,774,615) 278,143 (833,157) 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 11,066,265 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 138 City of South Bend, Indiana Monthly Financial Report March 31, 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 23,006 23,006 82,511 22% Interest Earnings 1,187 69 209 209 6 6 203 3% Other Income - 74,683 - - - - - - Interfund Transfers In - 6,667 - - - - - - Total Revenue 8,087 103,474 105,726 105,726 23,012 23,012 82,714 22% Expenditures by Type Personnel Other Personnel Costs 157,449 75,914 80,000 80,000 7,308 - 7,308 72,692 9% Total Expenditures 157,449 75,914 80,000 80,000 7,308 - 7,308 72,692 9% Net Surplus / (Deficit) (149,363) 27,560 25,726 25,726 15,704 15,704 Beginning Cash Balance 180,911 31,859 - Cash Adjustments 310 (59,419) - Ending Cash Balance 31,859 - 25,726 23,012 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 139 City of South Bend, Indiana Monthly Financial Report March 31, 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 58,864 58,864 198,345 23% Interest Earnings 751 1,125 1,494 1,494 249 249 1,245 17% Total Revenue 244,841 249,526 258,703 258,703 59,113 59,113 199,590 23% Expenditures by Type Personnel Salaries & Wages 119,938 180,337 253,846 253,846 23,059 - 23,059 230,787 9% Total Expenditures 119,938 180,337 253,846 253,846 23,059 - 23,059 230,787 9% Net Surplus / (Deficit) 124,903 69,189 4,857 4,857 36,054 36,054 Beginning Cash Balance 32,563 157,521 226,711 Cash Adjustments 56 - - Ending Cash Balance 157,521 226,711 231,568 262,764 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 140 City of South Bend, Indiana Monthly Financial Report March 31, 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 11,534 11,534 87,806 12% Total Revenue 94,111 64,091 99,340 99,340 11,534 11,534 87,806 12% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)94,111 64,091 99,340 99,340 11,534 11,534 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 10,921,611 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 141 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,067 1,067 2,203 33% Bloomberg Mayors Challenge 404,000 322,000 - - - - - - Human Rights Scholarship Prog.8,370 - 18,000 18,000 - - 18,000 0% Office of Sustainability 41,000 - - - - - - - Historic Preservation 196 2,009 - - 13 13 (13) - Home Energy Improvements 100,000 - - - 90,000 90,000 (90,000) - Code Enforcement Demolitions 55,000 - - - - - - - Animal Resource Center Donations 49,603 47,599 35,000 35,000 7,534 7,534 27,466 22% Pokagon Band Donation 100,000 100,000 - - 100,000 100,000 (100,000) - Total Revenue 765,453 478,492 56,270 56,270 198,613 198,613 (142,344) 353% Expenditures by Project Wayfinding Signage Project 56,258 33,500 - - - - - - - Bloomberg Mayors Challenge 313,871 323,775 322,506 477,704 39,271 224,928 264,198 213,506 55% 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% Home Energy Improvements 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 83,696 244,588 328,283 322,006 50% Expenditures by Type Supplies - - 43,500 43,500 - - - 43,500 0% Services & Charges Professional Services 382,631 360,185 372,506 527,704 39,271 224,928 264,198 263,506 50% 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 83,696 244,588 328,283 278,506 54% Total Expenditures 453,294 481,425 431,006 650,289 83,696 244,588 328,283 322,006 50% Net Surplus / (Deficit) 312,160 (2,933) (374,736) (594,019) 114,917 (129,670) Beginning Cash Balance 668,273 981,455 978,522 Cash Adjustments 1,022 - - Ending Cash Balance 981,455 978,522 384,503 1,093,439 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 Home Energy Improvements - From 2019 through 2022, the City has received private grants 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 (2019: $125,000; 2020: $100,000; 2022: $70,000). The South Bend Green Corps Senior Home Energy Improvements program assists seniors 65 years and older with home repairs. The City also received $20,000 from the Florence V. Carroll Charitable Trust to be used for Home Energy Improvements, not restricted to seniors. 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 142 City of South Bend, Indiana Monthly Financial Report March 31, 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 3,769 438 438 3,331 12% Total Revenue 5,076 2,515 3,769 3,769 438 438 3,331 12% 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 3,769 438 438 Beginning Cash Balance 605,471 481,214 414,099 Cash Adjustments 1,038 - - Ending Cash Balance 481,214 414,099 417,868 414,537 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 143 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - 441 441 (441) - Other Income - - 2,050 2,050 - - 2,050 0% Total Revenue 177,140 175,390 155,250 155,250 4,608 4,608 150,642 3% Expenditures by Subdivision General 19,061 9,928 3,000 9,000 2,760 - 2,760 6,240 31% EEOC 100,391 98,139 124,371 126,038 24,306 16,667 40,973 85,065 33% HUD 93,473 126,938 113,745 113,745 22,174 - 22,174 91,571 19% Total Expenditures 212,926 235,005 241,116 248,783 49,240 16,667 65,907 182,876 26% Expenditures by Type Personnel Salaries & Wages 124,770 125,084 128,156 128,156 29,488 - 29,488 98,668 23% Fringe Benefits 38,541 38,636 52,160 52,160 9,472 - 9,472 42,688 18% Total Personnel 163,311 163,721 180,316 180,316 38,960 - 38,960 141,356 22% Supplies 1,724 3,864 2,000 2,000 - - - 2,000 0% Services & Charges Professional Services 24,667 18,333 27,800 31,467 6,242 16,667 22,909 8,558 73% Printing & Advertising 16,215 11,878 6,000 12,000 2,899 - 2,899 9,101 24% Education & Training 5,960 5,178 6,000 4,000 649 - 649 3,351 16% Travel - - 17,800 17,800 490 - 490 17,310 3% 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 10,280 16,667 26,947 39,520 41% Interfund Transfers Out - - - - - - - - - Total Expenditures 212,926 235,005 241,116 248,783 49,240 16,667 65,907 182,876 26% Net Surplus / (Deficit) (35,786) (59,614) (85,866) (93,533) (44,633) (61,299) Beginning Cash Balance 521,051 486,159 426,544 Cash Adjustments 893 - - Ending Cash Balance 486,159 426,544 333,012 381,912 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. 144 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - 30,316 30,316 (30,316) - Total Revenue - 29,536,642 29,455,024 29,455,024 30,316 30,316 29,424,708 0% Expenditures by Type Personnel Salaries & Wages - - - 1,910,000 1,889,660 - 1,889,660 20,340 99% Total Personnel - - - 1,910,000 1,889,660 - 1,889,660 20,340 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 3,000 178,050 181,050 10,918,950 2% Total Expenditures - - 10,100,000 13,510,000 1,893,930 178,050 2,071,980 11,438,020 15% Net Surplus / (Deficit)- 29,536,642 19,355,024 15,945,024 (1,863,615) (2,041,665) Beginning Cash Balance - - 29,536,642 Cash Adjustments - - - Ending Cash Balance - 29,536,642 45,481,666 27,673,027 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 145 City of South Bend, Indiana Monthly Financial Report March 31, 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 - 790,735 132,494 132,494 658,241 17% Other Income - 5,000 - - - - - - Interfund Transfers In 1,000,000 1,448,093 - - - - - - Total Revenue 6,086,138 2,943,368 - 790,735 132,494 132,494 658,241 17% 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 - 790,735 170,461 822,029 992,489 (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 - 790,735 170,461 822,029 992,489 (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 - 790,735 170,461 822,029 992,489 (201,754) 126% Other Services & Charges 54,452 18,250 - - - - - - - Total Services & Charges 2,432,318 1,977,914 - 790,735 170,461 822,029 992,489 (201,754) 126% Interfund Transfers Out 3,348,292 1,000,000 - - - - - - - Total Expenditures 6,033,275 2,996,232 - 790,735 170,461 822,029 992,489 (201,754) 126% Net Surplus / (Deficit) 52,864 (52,864) - - (37,967) (859,995) Beginning Cash Balance - 53,214 - Cash Adjustments 350 (350) - Ending Cash Balance 53,214 - - (75,470) 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. 146 City of South Bend, Indiana Monthly Financial Report March 31, 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 2,233,396 2,233,396 6,787,724 25% Interest Earnings 111,181 87,126 110,950 110,950 16,219 16,219 94,731 15% 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 - 147,786 383,028 730,725 443,454 443,454 287,271 61% Total Revenue 16,500,074 15,414,847 11,009,098 11,356,795 2,699,069 2,699,069 8,657,726 24% Expenditures by Activity General City 2,263,417 3,173,836 1,185,625 1,459,152 639,606 391,309 1,030,915 428,237 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 4,500 67,000 71,500 80,000 47% Police Department 2,136,734 1,826,705 2,952,548 6,003,350 1,104,780 2,514,814 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 1,235,925 459,515 138,388 597,904 638,021 48% Morris Performing Arts Center - 1,800,000 - - - - - - - Light Up South Bend 88,137 146,590 260,000 394,924 2,325 130,578 132,903 262,021 34% Streets 2,899,656 - 3,750,000 3,755,179 937,500 5,179 942,679 2,812,500 25% Curb & Sidewalk 1,500,000 1,500,000 1,500,000 1,500,000 375,000 - 375,000 1,125,000 25% Traffic Signals & Street Lighting 1,501,835 1,401,657 1,467,536 1,467,536 346,026 - 346,026 1,121,510 24% Total Expenditures 14,341,653 11,687,709 12,167,559 17,181,584 3,907,564 4,402,919 8,310,483 8,871,101 48% Expenditures by Type Supplies 92,245 145,595 200,000 334,924 2,325 130,283 132,608 202,316 40% Services & Charges Professional Services 1,681,956 35,065 155,000 359,073 9,729 171,374 181,103 177,970 50% Printing & Advertising 500 24,785 - - - - - - - Utilities 1,501,835 1,401,657 1,467,536 1,467,536 346,026 - 346,026 1,121,510 24% Repairs & Maintenance 756,305 565,186 610,000 890,520 295,685 218,905 514,590 375,930 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 1,647,525 658,019 379,116 1,037,135 610,390 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 2,012,281 1,651,493 3,663,774 3,167,557 54% Capital 825,101 123,519 1,462,000 4,636,431 548,232 2,621,144 3,169,376 1,467,055 68% Interfund Interfund Allocations 8,633 9,753 9,676 9,676 2,419 - 2,419 7,257 25% Interfund Transfers Out 6,361,491 6,270,396 5,369,221 5,369,221 1,342,306 - 1,342,306 4,026,915 25% Total Interfund 6,370,124 6,280,149 5,378,897 5,378,897 1,344,725 - 1,344,725 4,034,172 25% Total Expenditures 14,341,653 11,687,709 12,167,559 17,181,584 3,907,564 4,402,919 8,310,483 8,871,100 48% Net Surplus / (Deficit) 2,158,421 3,727,138 (1,158,461) (5,824,789) (1,208,495) (5,611,414) 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 12,806,456 17,489,901 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. 147 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,995 280 280 1,715 14% Total Revenue 475,372 511,620 514,423 514,423 280 280 514,143 0% Expenditures by Activity Transfer to Fund 404 - - 143,687 143,687 35,921 - 35,921 107,766 25% 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 64,024 - 64,024 448,404 12% 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 35,921 - 35,921 107,766 25% Total Expenditures 529,479 394,767 512,428 512,428 64,024 - 64,024 448,404 12% Net Surplus / (Deficit) (54,108) 116,853 1,995 1,995 (63,744) (63,744) Beginning Cash Balance 223,617 169,893 286,746 Cash Adjustments 383 - - Ending Cash Balance 169,893 286,746 288,741 223,002 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. 148 City of South Bend, Indiana Monthly Financial Report March 31, 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 3,825 673 673 3,152 18% Other Income 18,750 25,000 25,000 25,000 - - 25,000 0% Total Revenue 243,373 236,443 243,166 243,166 673 673 242,493 0% Expenditures by Activity Transfer to Fund 404 - - 239,341 239,341 59,836 - 59,836 179,505 25% 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 59,836 16,500 76,336 413,005 16% 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 59,836 - 59,836 179,505 25% Total Expenditures 256,770 262,145 489,341 489,341 59,836 16,500 76,336 413,005 16% Net Surplus / (Deficit) (13,397) (25,702) (246,175) (246,175) (59,163) (75,663) Beginning Cash Balance 689,015 676,798 651,096 Cash Adjustments 1,181 - - Ending Cash Balance 676,798 651,096 404,921 591,933 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. 149 City of South Bend, Indiana Monthly Financial Report March 31, 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 3,016,351 3,016,351 9,200,285 25% 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 26,559 26,559 110,236 19% 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 3,045,737 3,045,737 9,707,118 24% Expenditures by Activity General City 1,076,233 - - 7,800,000 - - - 7,800,000 0% 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 1,204,144 3,500,573 4,704,717 6,171,146 43% Neighborhoods 3,865,219 2,340,000 5,654,853 6,500,554 931,245 625,812 1,557,058 4,943,496 24% Streets 35,749 - - 18,812 - 18,812 18,812 - 100% 2015 Park Bonds 376,689 376,736 375,106 375,106 92,702 - 92,702 282,404 25% 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 26,707,859 2,653,141 4,145,198 6,798,338 19,909,520 25% Expenditures by Type Services & Charges Professional Services 2,883,244 3,074,579 160,000 545,920 158,663 272,007 430,670 115,250 79% Printing & Advertising 404 2,706 45,000 45,000 - - - 45,000 0% Utilities 42,523 46,983 70,000 70,000 18,144 - 18,144 51,856 26% Repairs & Maintenance 209,536 122,395 432,873 451,968 31,898 19,217 51,114 400,854 11% Grants & Subsidies 1,220,570 1,028,845 2,220,000 6,798,284 705,768 3,795,975 4,501,742 2,296,541 66% Other Services & Charges 1,603 - 635,593 635,593 4,916 33,807 38,723 596,870 6% 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 1,091,439 4,121,005 5,212,444 3,866,845 57% Capital 5,000 112,229 150,000 8,199,783 136,000 24,193 160,193 8,039,590 2% Interfund Transfers Out 7,586,290 3,468,986 9,564,788 9,428,788 1,425,702 - 1,425,702 8,003,086 15% Total Expenditures 12,470,279 8,380,845 13,810,778 26,707,859 2,653,141 4,145,198 6,798,338 19,909,521 25% Net Surplus / (Deficit) 1,619,747 5,906,140 (1,057,923) (13,955,004) 392,596 (3,752,602) 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 10,840,350 25,358,694 Cash Reserves Target 6,235,140 4,190,422 13,353,929 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 LIT 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. | New Admin Building - In March 2022, the Common Council approved an additional appropriation for $7.8 million for the purchase and renovation of South Bend Community School Corporation admininstration building. If the sale proceeds, the City of South Bend will move its offices from the County-City Building to the newly acquired building. | 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 150 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - - - - - 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 - - 347,697 347,697 - 347,697 - 100% Total Expenditures 669,482 - - 347,697 347,697 - 347,697 - 100% Net Surplus / (Deficit)(668,800) 17 - (347,697) (347,697) (347,697) Beginning Cash Balance 1,016,476 347,680 347,697 Cash Adjustments 3 - - Ending Cash Balance 347,680 347,697 - - 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 was 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. The balance of the lease proceeds held in escrow are now accounted for in the fund that is repaying the debt instead of a single leasing fund. Historically, this fund received revenue in the form of capital lease proceeds and interest earned on those proceeds while they were held in an escrow account. The 2017 Vehicle/Equip Lease #2 is the only remaining lease still being accounted for in this fund. The remaining balance in the escrow will be used towards repayment of the debt and therefore the balance of the escrow should be accounted for in the fund that is repaying the lease: Local Income Tax Certified Shares Fund (#404). In 2022, the remaining cash in this fund was transferred to Fund #404 and this fund was discontinued. 151 City of South Bend, Indiana Monthly Financial Report March 31, 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 22 22 2,728 1% Interfund Transfers In 2,870,500 2,866,000 2,865,000 3,055,500 1,233,000 1,233,000 1,822,500 40% Total Revenue 2,872,851 2,866,071 2,867,750 3,058,250 1,233,022 1,233,022 1,825,228 40% Expenditures by Type Services & Charges Debt Service Principal 1,790,000 1,850,000 1,925,000 2,030,000 780,000 - 780,000 1,250,000 38% Debt Service Interest & Fees 1,073,013 1,006,069 934,282 1,014,328 451,178 - 451,178 563,150 44% Total Expenditures 2,863,013 2,856,069 2,859,282 3,044,328 1,231,178 - 1,231,178 1,813,150 40% Net Surplus / (Deficit)9,839 10,002 8,468 13,922 1,844 1,844 Beginning Cash Balance 222,584 232,423 242,425 Cash Adjustments - - - Ending Cash Balance 232,423 242,425 256,347 244,269 Cash Reserves Target 232,423 242,425 256,347 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 5/1/26, (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 2/15/33, (debt schedule #54) • 2022 South Bend Redevelopment Authority Lease Rental Revenue Bonds, Morris Project - debt payments paid for by the Redevelopment General Fund (#433), final payment 2/1/46, (debt sched. #221) Cash Reserves Target 100% cash reserves per bond covenants 152 City of South Bend, Indiana Monthly Financial Report March 31, 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 13 13 2,987 0% Debt Proceeds - 8,860,022 - - - - - - Interfund Transfers In 2,645,000 2,564,000 2,575,500 2,766,500 1,238,250 1,238,250 1,528,250 45% Total Revenue 2,648,478 11,424,080 2,578,500 2,769,500 1,238,263 1,238,263 1,531,237 45% Expenditures by Type Services & Charges Debt Service Principal 2,250,000 2,150,000 2,075,000 2,195,000 1,135,000 - 1,135,000 1,060,000 52% Debt Service Interest & Fees 379,968 635,015 487,480 556,956 253,778 - 253,778 303,179 46% Total Services & Charges 2,629,968 2,785,015 2,562,480 2,751,956 1,388,778 - 1,388,778 1,363,179 50% Interfund Transfers Out - 9,248,224 - - - - - - - Total Expenditures 2,629,968 12,033,240 2,562,480 2,751,956 1,388,778 - 1,388,778 1,363,179 50% Net Surplus / (Deficit) 18,510 (609,159) 16,020 17,544 (150,515) (150,515) Beginning Cash Balance 815,025 833,535 224,375 Cash Adjustments - - - Ending Cash Balance 833,535 224,375 241,919 73,861 Cash Reserves Target 833,535 224,375 241,919 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 LIT Infrastructure Bonds). The bonds were issued to fund street and neighborhood infrastructure projects. The bonds were closed on May 12, 2021 with a par amount of $7,610,000 and a premium of $1,250,022, a total of $8,860,022. The bonds have a net interest rate of 3.4%. The bond proceeds were deposited into this fund and transferred to the bond capital fund (#455). 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 LIT Infrastructure Bonds - debt payments paid for by the Local Income Tax Economic Development Fund (#408), final payment 8/15/37, (debt schedule #215) • 2022 Economic Development Revenue Bonds, Potawatomi Zoo Project - debt payments paid for by the Redevelopment General Fund (#433), final payment 2/1/42, (debt schedule #222) 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 LIT 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 153 City of South Bend, Indiana Monthly Financial Report March 31, 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 35,518 35,518 138,383 20% Donations 2,250 - - - - - - - Debt Proceeds 4,345,059 - - - - - - - Other Income 252,995 22,900 - - 128,455 128,455 (128,455) - Interfund Transfers In 35,560 585,315 - - 8 8 (8) - Total Revenue 22,045,151 20,134,540 18,274,531 18,274,531 258,216 258,216 18,016,315 1% Expenditures by Type Services & Charges Professional Services 1,082,200 714,611 425,000 830,266 157,065 267,984 425,049 405,217 51% Debt Service Principal 3,750,570 3,883,193 3,711,202 3,711,202 1,837,075 - 1,837,075 1,874,127 50% Debt Service Interest & Fees 1,329,981 958,715 813,204 813,204 427,107 - 427,107 386,098 53% 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 2,671,247 267,984 2,939,231 2,665,442 52% Capital 12,152,391 4,873,092 - 12,641,620 533,343 5,021,447 5,554,790 7,086,830 44% 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 5,364,590 5,289,431 10,654,021 12,302,272 46% Net Surplus / (Deficit)(1,974,965) 4,691,625 8,615,125 (4,681,761) (5,106,374) (10,395,805) 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 28,752,868 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 154 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,306 1,306 8,329 14% Other Income 300 - - - - - - - Total Revenue 246,422 356,020 293,562 293,562 1,306 1,306 292,256 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 1,306 (47,823) 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 1,236,336 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 155 City of South Bend, Indiana Monthly Financial Report March 31, 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 10,046 10,046 17,418 37% 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 26,896 26,896 3,823,458 1% Expenditures by Type Services & Charges Professional Services 82,784 67,611 - 665,224 113,873 480,341 594,214 71,010 89% Insurance - 523 - 221 - - - 221 0% Other Services & Charges - - - - - - - - - Total Services & Charges 82,784 68,133 - 665,445 113,873 480,341 594,214 71,231 89% Capital 5,418,511 1,336,457 - 5,413,357 114,617 2,113,358 2,227,975 3,185,382 41% Total Expenditures 5,501,295 1,404,591 - 6,078,801 228,489 2,593,699 2,822,189 3,256,613 46% Net Surplus / (Deficit)(2,441,932) 3,711,876 3,850,354 (2,228,447) (201,594) (2,795,293) 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 7,277,998 9,318,604 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 156 City of South Bend, Indiana Monthly Financial Report March 31, 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 15,284 15,284 54,002 22% Total Revenue 3,171,100 3,057,189 1,885,035 1,885,035 15,284 15,284 1,869,751 1% Expenditures by Type Services & Charges Professional Services 140,498 162,661 - 668,761 40,129 343,265 383,395 285,366 57% Total Services & Charges 140,498 162,661 - 668,761 40,129 343,265 383,395 285,366 57% Capital 76,527 999,692 - 6,942,403 19,821 2,090,843 2,110,664 4,831,739 30% Total Expenditures 217,025 1,162,353 - 7,611,164 59,950 2,434,108 2,494,059 5,117,105 33% Net Surplus / (Deficit) 2,954,075 1,894,837 1,885,035 (5,726,129) (44,667) (2,478,775) 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 14,435,465 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 157 City of South Bend, Indiana Monthly Financial Report March 31, 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 3,511 185 185 3,326 5% Total Revenue 1,154 270,610 169,511 169,511 185 185 169,326 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) (178,368) (179,675) Beginning Cash Balance 187,806 93,140 257,579 Cash Adjustments 322 - - Ending Cash Balance 93,140 257,579 173,055 79,212 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 158 City of South Bend, Indiana Monthly Financial Report March 31, 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 4,600 4,600 49,067 9% Total Revenue 5,324,035 6,318,471 6,032,047 6,032,047 4,600 4,600 6,027,447 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 (2,437,689) (2,437,689) 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 2,992,279 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 159 City of South Bend, Indiana Monthly Financial Report March 31, 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 160 City of South Bend, Indiana Monthly Financial Report March 31, 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 161 City of South Bend, Indiana Monthly Financial Report March 31, 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 1,095 1,095 8,262 12% Total Revenue 8,934 6,085 9,357 9,357 1,095 1,095 8,262 12% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)8,934 6,085 9,357 9,357 1,095 1,095 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 1,036,845 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 Redevelopment District Bonds, Series 2018 were closed on April 25, 2018 with a par amount of $11,995,000 and a premium of $96,103. The bonds have 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 162 City of South Bend, Indiana Monthly Financial Report March 31, 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% 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% 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 bonds were closed on December 28, 2019 with a par amount of $7,985,000 and a premium of $1,462,840.60. The bonds have 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. 163 City of South Bend, Indiana Monthly Financial Report March 31, 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 4 4 6 40% Interfund Transfers In 326,938 - - - - - - - Total Revenue 326,939 16 10 10 4 4 6 40% Expenditures by Type Interfund Transfers Out - 11 - - 8 - 8 (8) - Total Expenditures - 11 - - 8 - 8 (8) - Net Surplus / (Deficit)326,939 5 10 10 (4) (4) Beginning Cash Balance - 326,939 326,944 Cash Adjustments - - - Ending Cash Balance 326,939 326,944 326,954 326,940 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. 164 City of South Bend, Indiana Monthly Financial Report March 31, 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 23 23 6,977 0% Hotel/Motel Taxes - - - 381,500 - - 381,500 0% Interest Earnings 11,827 13,014 24,072 24,072 3,316 3,316 20,756 14% 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 1,562,572 3,339 3,339 1,559,233 0% Expenditures by Type Services & Charges Professional Services 1,657 91 4,500 4,500 - - - 4,500 0% Grants & Subsidies 666,323 538,272 - 605,283 115,425 169,858 285,283 320,000 47% Total Services & Charges 667,979 538,363 4,500 609,783 115,425 169,858 285,283 324,500 47% Capital 2,214 - - - - - - - - Interfund Transfers Out - 147,786 - 381,500 - - - 381,500 0% Total Expenditures 670,193 686,149 4,500 991,283 115,425 169,858 285,283 706,000 29% Net Surplus / (Deficit) 965,263 743,285 1,176,572 571,289 (112,086) (281,944) 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 3,759,283 3,075,908 Cash Reserves Target 167,548 171,537 247,821 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 2022, this fund will begin receiving hotel/motel tax revenue, remitted to the City by St. Joseph County. --- In 2022, the City issued revenue bonds, backed by the Hotel/Motel tax revenue, to fund capital improvements to the Morris Performing Arts Center and Potawatomi Zoo. The Morris bonds debt service payments are tracked in the South Bend Redevelopment Authority Debt Service Fund (#752) and the Zoo bonds debt service payments are tracked in the South Bend Building Corporation Fund (#755). The hotel/motel taxes received in this fund will be transferred to debt service funds for the repayment of the bonds. Starting in 2019, this fund receives the South Bend Redevelopment Commission's portion of the Local Income Tax (LIT) distribution from the State. 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). This fund also receives revenue from interest earned on the fund's cash balance. 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. Interfund Transfers Out are budgeted for the transfer of hotel/motel tax revenues from this fund to the debt service funds repaying the Morris and Zoo bonds (issued 2022). Cash Reserves Target 25% of Annual expenditures 165 City of South Bend, Indiana Monthly Financial Report March 31, 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 12 12 89 12% Total Revenue 96 65 101 101 12 12 89 12% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)96 65 101 101 12 12 Beginning Cash Balance 10,965 11,080 11,145 Cash Adjustments 19 - - Ending Cash Balance 11,080 11,145 11,246 11,157 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 166 City of South Bend, Indiana Monthly Financial Report March 31, 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 - - 2,572 2,572 (2,572) - Total Revenue 28,865 15,033 - - 2,572 2,572 (2,572) - 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 - 2,225,241 2,225,241 132,895 94% Total Expenditures 1,514,357 188,982 - 2,389,024 - 2,225,241 2,225,241 163,783 93% Net Surplus / (Deficit) (1,485,491) (173,950) - (2,389,024) 2,572 (2,222,668) 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 2,435,808 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 Redevelopment District Bonds, Series 2018 were closed on April 25, 2018 with a par amount of $11,995,000 and a premium of $96,103. The bonds have 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 167 City of South Bend, Indiana Monthly Financial Report March 31, 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 2 434 434 (432) 21693% Total Revenue 3,540 2,411 2 2 434 434 (432) 21693% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)3,540 2,411 2 2 434 434 Beginning Cash Balance 403,750 407,982 410,393 Cash Adjustments 692 - - Ending Cash Balance 407,982 410,393 410,395 410,827 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 168