The URL can be used to link to this page

Home My WebLink About2022-08 - Monthly Financial ReportPeriod Ending: Issued By: City of South Bend Monthly Financial Report Page(s)Contents 2 Fund 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 - 37 Employee Headcount Fund Summaries 38 - 59 General Fund 60 - 84 Public Works Funds 85 - 103 Public Safety Funds 104 - 122 Venues, Parks & Arts Funds 123 - 135 Department of Community Investment Funds 136 - 142 Internal Service Funds 143 - 156 Administrative Funds 157 - 171 Redevelopment Commission Controlled Funds Distribution Mayor Chief of Staff Deputy Chief of Staff Common Council Department Heads Directors of Department Finance August 31, 2022 Controller's Office Page #General Fund Page #Venues, Parks & Arts Funds 38 101 General Fund 104 201 Parks & Recreation 105 273 Morris PAC / Palais Royale Marketing General Fund Departments/Divisions 106 274 Morris PAC Self-Promotion 40 Mayor 107 312 2017 Parks Bond Debt Service 41 Community Initiatives 108 401 Coveleski Stadium Capital 42 Community Police Review Office 109 413 Professional Sports Convention Develop. Area 43 City Clerk 110 416 Morris Performing Arts Center Capital 44 Common Council 111 450 Palais Royale Historic Preservation 45 Controller's Office 112 453 Zoo Bond Capital 46 Human Resources 113 471 2017 Parks Bond Capital 47 Diversity & Inclusion 114 601 Parking Garages 48 Human Rights 115 602 Morris Performing Arts Center Operations 49 Legal Department 116 Morris PAC Historical Budget Summary 50 Engineering 117 670 Century Center 51 Office of Sustainability 118 671 Century Center Capital 52 AmeriCorps Grant Program 119 672 Century Center Energy Conservation Debt Svc 53 Police Department 120 730 City Cemetery 54 Police Crime Lab 121 731 Bowman Cemetery 55 Fire Department 122 757 2015 Parks Bond Debt Service 56 Emergency Medical Services 57 Fire Training Center Dept of Community Investment Funds 58 Morris Performing Arts Center 123 209 Studebaker-Oliver Revitalizing Grants 59 Palais Royale Ballroom 124 210 Economic Development State Grants 125 211 Dept of Community Investment Operating Public Works Funds 126 212 Dept of Community Investment Grants 60 202 Motor Vehicle Highway 127 219 Unsafe Building 61 266 MVH Restricted 128 221 Rental Units Regulation 62 Motor Vehicle Highway Combined Budget Summary 129 230 Code Enforcement 63 251 Local Road & Street 130 410 Urban Development Action Grant 64 257 LOIT Special Distribution 131 600 Consolidated Building 65 265 Local Road & Bridge Grant 132 754 Industrial Revolving Fund 66 412 Major Moves Construction 133 756 2015 Smart Streets Bond Debt Service 67 455 2021 Infrastructure Bond Capital 134 759 2017 Eddy Street Commons Bond Capital 68 610 Solid Waste Operations 135 760 2017 Eddy Street Commons Bond Debt Service 69 611 Solid Waste Capital 70 620 Water Works Operations Internal Service Funds 71 622 Water Works Capital 136 222 Central Services 72 624 Water Works Customer Deposit 137 224 Central Services Capital 73 625 Water Works Sinking (Debt Service)138 226 Liability Insurance 74 626 Water Works Bond Reserve 139 279 IT / Innovation / 311 Call Center 75 629 Water Works Operations & Maint. Reserve 140 711 Self-Funded Employee Benefits 76 640 Sewer Repair Insurance 141 713 Unemployment Compensation 77 641 Sewage Works Operations 142 714 Parental Leave 78 642 Sewage Works Capital 79 643 Sewage Works Operations & Maint. Reserve Administrative Funds 80 649 Sewage Sinking (Debt Service)143 102 Rainy Day 81 653 Sewage Debt Service Reserve 144 217 Gift, Donation, Bequest 82 654 Sewage Works Customer Deposit 145 227 Loss Recovery 83 655 Project ReLeaf 146 258 Human Rights Federal Grants 84 667 Storm Sewer 147 263 American Rescue Plan 148 American Rescue Plan Budget Summary Public Safety Funds 149 264 COVID-19 Response 85 216 Police State Seizures 150 404 Local Income Tax - Certified Shares 86 218 Police Curfew Violations 151 406 Cumulative Capital Development 87 220 Law Enforcement Continuing Education 152 407 Cumulative Capital Improvement 88 249 Local Income Tax - Public Safety 153 408 Local Income Tax - Economic Development 89 278 Take Home Vehicle Police 154 750 Equipment/Vehicle Leasing 90 280 Police Block Grants 155 752 South Bend Redevelopment Authority 91 287 Fire Department Capital 156 755 South Bend Building Corporation 92 288 Emergency Medical Services Operating 93 289 Haz-Mat Redevelopment Commission Controlled Funds 94 291 Indiana River Rescue 157 324 TIF - River West Development Area 95 292 Police Grants 158 422 TIF - West Washington 96 294 Regional Police Academy 159 429 TIF - River East Development Area (NE Dev) 97 295 COPS MORE Grant 160 430 TIF - Southside Development Area #1 98 299 Police Federal Drug Enforcement 161 435 TIF - Douglas Road 99 350 2018 Fire Station #9 Bond Debt Service 162 436 TIF - River East Residential Area (NE Res) 100 451 2018 Fire Station #9 Capital 163 315 Redevelopment Bond - Airport Taxable 101 701 Fire Pension 164 328 Redevelopment Bond - Palais Royale 102 702 Police Pension 165 351 2018 TIF Park Bond Debt Service Reserve 103 705 Police K-9 Unit 166 352 2019 South Shore Double Tracking Bond Debt Svc 167 353 2020 TIF Library Bond Debt Service Reserve 168 433 Redevelopment General 169 439 Certified Technology Park 170 452 2018 TIF Park Bond Capital 171 454 Airport Urban Enterprise Zone 2 August 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 all budgeted expenditures are spent. 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 Managers). 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 in bond covenants. Changes in Cash Balance Property taxes are received in June and December of each year and this will cause the cash balances to fluctuate for total cash, redevelopment fund cash and civil city fund cash. Enterprise fund cash balances will fluctuate based on the receipt of bond proceeds and the spending down of cash on capital projects. Redevelopment fund cash accounts will vary based on capital spending on projects in tax increment financing (TIF) funds. Negative Cash Balances Due to the timing of revenue and expenditures, certain funds will not meet cash reserve requirements and may even have a negative cash balance at different times throughout the year. Although a fund has a negative cash balance, the City does not have negative cash overall. Pooled cash can cover those funds so necessary expenditures can be made even if revenues have not been received yet. 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 - 37) 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 (38 - 171) 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 August 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)8/31/2022 Requirement Reserve Req. City Controlled Funds 101 General Fund 54,208,073 44,919,307 49,046,471 464,294 (3,662,870) 50,545,203 39,933,603 10,611,600 Special Revenue Funds 102 Rainy Day 10,910,077 64,628 - (19,033) 45,595 10,955,672 8,717,131 2,238,541 201 Parks & Recreation 5,865,858 11,008,432 11,486,132 112,247 (365,453) 5,500,405 4,955,940 544,465 202 Motor Vehicle Highway 4,772,416 6,940,410 6,228,090 5,639 717,959 5,490,375 2,964,038 2,526,337 209 Studebaker-Oliver Revitalizing Grants 692,248 4,070 7,188 (1,195) (4,313) 687,935 - - 210 Economic Development State Grants 26,876 126,896 131,976 (37) (5,117) 21,758 - - 211 Dept of Community Investment Operating 394,125 2,420,803 2,516,818 43,407 (52,609) 341,516 - - 212 Dept of Community Investment Grants 409,818 983,323 1,242,505 (13,779) (272,961) 136,856 - - 216 Police State Seizures 173,825 5,848 - (312) 5,536 179,361 11,125 168,236 217 Gift, Donation, Bequest 978,522 209,391 183,070 (1,743) 24,578 1,003,100 - - 218 Police Curfew Violations 13,880 178 14,059 - (13,880) - - - 219 Unsafe Building 764,981 42,243 10,990 (343) 30,910 795,892 - - 220 Law Enforcement Continuing Education 378,981 698,559 453,586 5,740 250,713 629,695 130,892 498,803 221 Rental Units Regulation 87,416 92,972 58,479 (461) 34,031 121,447 - - 227 Loss Recovery 414,099 2,453 - (722) 1,731 415,830 - - 230 Code Enforcement 497,492 2,824,045 2,510,775 3,074 316,344 813,835 - - 249 Local Income Tax - Public Safety 3,844,465 6,281,449 8,296,680 (3,172) (2,018,403) 1,826,062 - - 251 Local Road & Street 2,349,376 1,464,155 1,055,192 (10,594) 398,369 2,747,746 - - 257 LOIT Special Distribution 245,630 1,455 - (429) 1,027 246,657 - - 258 Human Rights Federal Grants 426,544 6,161 144,706 1,295 (137,250) 289,294 - - 263 American Rescue Plan 29,536,642 29,710,790 2,194,340 21,803 27,538,253 57,074,895 - - 264 COVID-19 Response - 331,106 368,999 - (37,893) (37,893) - - 265 Local Road & Bridge Grant 704,875 705,453 576,933 (1,445) 127,074 831,949 - - 266 MVH Restricted 2,042,332 3,054,667 2,852,736 21,233 223,163 2,265,496 - - 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 28,102 166 200 151 117 28,220 2,500 25,720 291 Indiana River Rescue 360,311 66,443 79,878 (8,987) (22,422) 337,890 24,840 313,050 292 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 90,146 44,144 (1) 46,001 106,239 19,625 86,614 404 Local Income Tax - Certified Shares 18,631,245 8,963,654 10,617,044 (22,909) (1,676,298) 16,954,947 8,798,204 8,156,743 408 Local Income Tax - Economic Development 24,795,353 8,911,725 7,439,967 114,853 1,586,611 26,381,964 14,891,429 11,490,535 410 Urban Development Action Grant 27,182 386,482 18,000 (686) 367,795 394,978 - - 655 Project ReLeaf 282,057 341,484 280,693 13,300 74,092 356,148 112,427 243,721 705 Police K-9 Unit 2,435 1 2,436 - (2,435) - - - 730 City Cemetery 30,218 179 - (53) 126 30,345 - - 731 Bowman Cemetery 475,369 2,816 - (829) 1,987 477,356 400,000 77,356 754 Industrial Revolving Fund 3,700,843 4,977,565 4,468,084 418,841 928,322 4,629,165 - - Total Special Revenue Funds 114,485,206 90,720,457 63,824,569 674,852 27,570,739 142,055,945 41,028,151 26,370,121 Debt Service Funds 312 2017 Parks Bond Debt Service 184,163 664,820 1,169,365 - (504,545) (320,382) - - 350 2018 Fire Station #9 Bond Debt Service - 344,156 344,156 - - - - - 672 Century Center Energy Conservation Debt Svc 196,702 290,427 200,952 (409) 89,067 285,768 - - 752 South Bend Redevelopment Authority 242,425 2,858,470 3,018,665 - (160,195) 82,230 82,230 - 755 South Bend Building Corporation 224,375 2,736,719 2,747,016 - (10,297) 214,078 214,078 - 756 2015 Smart Streets Bond Debt Service 1,742,699 1,715,062 1,711,344 - 3,719 1,746,417 1,746,417 - 757 2015 Parks Bond Debt Service 587,763 248,599 372,556 - (123,957) 463,806 463,806 - 760 2017 Eddy Street Commons Bond Debt Service 3,668,611 1,926,500 1,926,375 - 125 3,668,736 2,500,000 1,168,736 Total Debt Service Funds 6,846,739 10,784,754 11,490,430 (409) (706,085) 6,140,654 5,006,531 1,168,736 Capital Funds 287 Fire Department Capital 2,758,339 2,699,477 2,084,657 (2,828) 611,992 3,370,330 - - 401 Coveleski Stadium Capital 814 274 13,932 - (13,658) (12,844) - - 406 Cumulative Capital Development 286,746 286,747 307,798 (461) (21,512) 265,234 - - 407 Cumulative Capital Improvement 651,096 99,617 172,865 (1,002) (74,250) 576,847 - - 412 Major Moves Construction 1,889,193 518,154 143,958 (3,925) 370,271 2,259,464 - - 413 Professional Sports Convention Development Area 775,632 1,229,832 1,038,840 (1,676) 189,315 964,947 - - 416 Morris Performing Arts Center Capital 1,912,926 6,509,730 2,034,935 32,276 4,507,071 6,419,997 - - 450 Palais Royale Historic Preservation 93,481 8,440 - (177) 8,263 101,745 - - 451 2018 Fire Station #9 Bond Capital 316,090 1,872 - (551) 1,321 317,411 - - 453 Zoo Bond Capital - 5,891,917 451,648 - 5,440,269 5,440,269 - - 455 2021 Infrastructure Bond Capital 3,836,482 17,623 1,214,727 (4,577) (1,201,682) 2,634,800 - - 471 2017 Parks Bond Capital 4,259,726 22,898 788,763 (1,023) (766,888) 3,492,837 - - 750 Equipment/Vehicle Leasing 347,697 - 347,697 - (347,697) - - - 759 2017 Eddy Street Commons Bond Capital 25,763 25,565 - (25,564) 1 25,764 - - Total Capital Funds 17,153,985 17,312,145 8,599,819 (9,509) 8,702,816 25,856,801 - - 4 City of South Bend Report of Changes in Cash Balance January 1, 2022 through August 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)8/31/2022 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,102,372 1,134,404 1,253,268 (3,803) (122,667) 1,979,704 511,713 1,467,991 601 Parking Garages 907,380 569,526 668,064 (805) (99,343) 808,036 353,374 454,663 602 Morris Performing Arts Center Operations - 1,559,598 715,581 (1,414) 842,602 842,602 168,358 674,244 610 Solid Waste Operations 906,471 4,886,536 5,842,549 71,305 (884,707) 21,764 710,676 (688,913) 611 Solid Waste Capital 779,163 2,486,812 1,535,010 (261) 951,542 1,730,704 - - 620 Water Works Operations 6,550,457 14,177,615 16,436,566 54,427 (2,204,524) 4,345,933 1,210,680 3,135,253 622 Water Works Capital 9,672,979 2,760,447 946,567 17,376 1,831,255 11,504,234 - - 624 Water Works Customer Deposit 1,279,314 2,277 - 28,798 31,074 1,310,389 1,310,389 - 625 Water Works Sinking (Debt Service)- 1,777,696 195,723 (2,744) 1,579,229 1,579,229 - - 626 Water Works Bond Reserve 1,422,804 2,490 - (2,413) 77 1,422,881 1,422,881 - 629 Water Works Operations & Maintenance Reserve 2,912,652 20,383 - (5,087) 15,296 2,927,948 2,927,948 - 640 Sewer Repair Insurance 2,003,861 527,087 606,717 15,807 (63,824) 1,940,036 188,267 1,751,769 641 Sewage Works Operations 13,825,371 27,913,895 29,552,273 457,692 (1,180,686) 12,644,685 2,286,325 10,358,360 642 Sewage Works Capital 14,359,708 2,817,327 2,575,256 (14,967) 227,104 14,586,812 - - 643 Sewage Works Operations & Maintenance Reserve 5,550,801 9,643 - (9,643) - 5,550,801 5,160,100 390,701 649 Sewage Sinking (Debt Service)- 7,425,836 633,696 (11,780) 6,780,360 6,780,360 - - 653 Sewage Debt Service Reserve 3,749,760 6,514 - (6,514) - 3,749,760 3,749,760 - 654 Sewage Works Customer Deposit 903,840 1,875 - 173,652 175,528 1,079,368 1,079,368 - 667 Storm Sewer 1,604,154 786,505 486,579 22,905 322,830 1,926,985 - - 670 Century Center Operations 194,350 2,987,758 2,211,902 (31,646) 744,210 938,560 1,023,739 (85,180) 671 Century Center Capital 983,710 57 - - 57 983,767 800,000 183,767 Total Enterprise Funds 69,709,146 71,854,280 63,659,751 750,885 8,945,413 78,654,560 22,903,579 78,654,560 Internal Service Funds 222 Central Services 658,666 6,355,839 6,725,102 260,466 (108,797) 549,869 887,373 (337,504) 226 Liability Insurance 6,100,867 2,315,634 2,234,403 73,802 155,033 6,255,899 3,251,539 3,004,360 278 Police Take Home Vehicle 698,546 31,806 - (1,267) 30,539 729,085 750,000 (20,915) 279 IT / Innovation / 311 Call Center 3,482,865 6,895,913 6,200,590 192,967 888,290 4,371,155 - - 711 Self-Funded Employee Benefits 10,786,414 11,420,023 11,233,962 (11,537) 174,524 10,960,938 4,599,966 6,360,972 713 Unemployment Compensation - 74,725 26,517 26,388 74,596 74,596 20,000 54,596 714 Parental Leave 226,711 168,415 62,894 (576) 104,945 331,656 20,308 311,348 Total Internal Service Funds 21,954,068 27,262,355 26,483,469 540,243 1,319,130 23,273,198 9,529,185 9,372,857 Fiduciary Funds 701 Fire Pension 420,180 2,037,075 2,746,010 - (708,935) (288,755) 458,389 (747,144) 702 Police Pension 560,923 3,011,523 3,993,100 - (981,577) (420,654) 605,774 (1,026,428) 718 State Tax Withholding Fund 795,612 - - (481,001) (481,001) 314,611 314,611 - 725 Morris / Palais Box Office 791,599 - - 234,792 234,792 1,026,390 1,026,390 - 726 Police Distributions Payable 1,641,403 - - (642,749) (642,749) 998,654 998,654 - Total Fiduciary Funds 4,209,716 5,048,598 6,739,110 (888,958) (2,579,470) 1,630,246 3,403,819 (1,773,572) Total City Controlled Funds 288,566,933 267,901,895 229,843,619 1,531,398 39,589,674 328,156,607 121,804,868 124,404,302 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 33,713,041 10,523,070 12,543,088 (59,287) (2,079,306) 31,633,735 - - 422 TIF - West Washington 1,235,031 158,752 44,448 (2,340) 111,964 1,346,995 - - 429 TIF - River East Development Area (NE Dev)9,506,445 2,503,386 701,474 (26,600) 1,775,312 11,281,757 - - 430 TIF - Southside Development Area #1 14,473,182 1,599,212 1,255,507 103,092 446,797 14,919,979 - - 435 TIF - Douglas Road 257,579 195,560 210,455 (421) (15,316) 242,264 - - 436 TIF - River East Residential Area (NE Res)5,429,968 3,568,649 4,891,203 (7,123) (1,329,677) 4,100,291 - - Total Tax Increment Financing Funds 64,615,246 18,548,630 19,646,176 7,320 (1,090,226) 63,525,021 - - Redevelopment Funds 433 Redevelopment General 3,187,994 16,944 787,142 (4,193) (774,391) 2,413,603 285,321 2,128,282 439 Certified Technology Park 11,145 66 - (19) 47 11,192 - - 452 2018 TIF Park Bond Capital 2,433,236 14,360 23,208 (4,205) (13,052) 2,420,184 - - 454 Airport Urban Enterprise Zone 410,393 2,431 - (716) 1,715 412,108 - - Total Redevelopment Funds 6,042,769 33,801 810,350 (9,133) (785,682) 5,257,087 285,321 2,128,282 Debt Service Funds 315 Airport 2003 Debt Reserve 1,040,462 1,808 - (1,808) - 1,040,462 1,040,462 - 328 SBCDA 2003 Debt Reserve 1,739,495 3,022 - (3,022) - 1,739,495 1,739,495 - 351 2018 TIF Park Bond Debt Service 1,035,750 6,136 - (1,807) 4,329 1,040,078 1,040,078 - 352 2019 South Shore Double Tracking Debt Service 9,443 1,035,003 1,029,750 - 5,253 14,695 14,695 - 353 2020 TIF Library Bond Debt Service Reserve 326,944 11 16 - (5) 326,939 326,939 - Total Debt Service Funds 4,152,094 1,045,979 1,029,766 (6,637) 9,576 4,161,670 4,161,670 - Total Redevelopment Commission Funds 74,810,109 19,628,410 21,486,292 (8,449) (1,866,331) 72,943,777 4,446,991 2,128,282 Grand Total 363,377,042 287,530,305 251,329,911 1,522,949 37,723,343 401,100,384 126,251,859 126,532,584 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 73,217,720 114,096,009 - (40,878,289) 13,329,785 Special Revenue Funds 102 Rainy Day 10,910,077 99,340 - - 99,340 11,009,417 201 Parks & Recreation 5,865,858 17,505,813 19,823,760 - (2,317,947) 3,547,911 202 Motor Vehicle Highway 4,772,416 9,922,075 11,856,151 - (1,934,076) 2,838,339 209 Studebaker-Oliver Revitalizing Grants 692,248 5,942 262,443 - (256,501) 435,747 210 Economic Development State Grants 26,876 577,360 604,236 - (26,876) - 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 978,522 246,270 740,289 - (494,019) 484,503 218 Police Curfew Violations 13,880 8 18,799 4,911 (13,880) - 219 Unsafe Building 764,981 70,871 23,000 - 47,871 812,852 220 Law Enforcement Continuing Education 378,981 827,245 523,568 - 303,677 682,658 221 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 4,880,820 5,129,435 - (248,615) 248,877 249 Local Income Tax - Public Safety 3,844,465 9,178,554 12,689,047 - (3,510,493) 333,972 251 Local Road & Street 2,349,376 2,783,569 3,656,900 - (873,331) 1,476,045 257 LOIT Special Distribution 245,630 843 56,950 - (56,107) 189,523 258 Human Rights Federal Grants 426,544 155,250 248,783 - (93,533) 333,012 263 American Rescue Plan 29,536,642 29,545,024 13,510,000 - 16,035,024 45,571,666 264 COVID-19 Response - 1,166,853 1,166,853 - - - 265 Local Road & Bridge Grant 704,875 2,002,427 2,923,443 - (921,016) (216,141) 266 MVH Restricted 2,042,332 3,946,792 5,070,313 - (1,123,521) 918,812 273 Morris PAC / Palais Royale Marketing 74,809 43 100,000 25,148 (74,809) - 274 Morris PAC Self-Promotion 264,010 150 410,000 145,840 (264,010) - 280 Police Block Grants 4,162 2 4,338 174 (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 83 175,000 28,589 (146,328) - 295 COPS MORE Grant 45,349 30 145,808 100,429 (45,349) - 299 Police Federal Drug Enforcement 60,237 89,724 78,500 - 11,224 71,461 404 Local Income Tax - Certified Shares 18,631,245 12,096,973 17,596,408 - (5,499,435) 13,131,810 408 Local Income Tax - Economic Development 24,795,353 13,315,608 29,782,859 - (16,467,251) 8,328,103 410 Urban Development Action Grant 27,182 55,275 24,000 - 31,275 58,457 655 Project ReLeaf 282,057 490,012 449,708 - 40,304 322,361 705 Police K-9 Unit 2,435 1 2,520 84 (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 4,804,698 4,918,709 - (114,011) 3,586,831 Total Special Revenue Funds 114,485,206 128,688,264 147,826,103 305,175 (18,832,664) 95,652,539 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 August 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 August 31, 2022 Projected Cash Balance Capital Funds 287 Fire Department Capital 2,758,339 4,276,873 6,798,339 - (2,521,466) 236,873 401 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 1,889,193 499,578 1,789,238 - (1,289,660) 599,533 413 Professional Sports Convention Development Area 775,632 1,503,000 3,602,900 - (2,099,900) (1,324,268) 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 8,320 35,000 - (26,680) 66,801 451 2018 Fire Station #9 Bond Capital 316,090 1,250 - - 1,250 317,340 453 Zoo Bond Capital - 5,891,800 5,891,800 - - - 455 2021 Infrastructure Bond Capital 3,836,482 12,000 3,815,260 - (3,803,260) 33,222 471 2017 Parks Bond Capital 4,259,726 14,801 4,264,527 - (4,249,726) 10,000 750 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 19,499,021 36,048,229 - (16,549,208) 604,777 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 6,727,723 7,106,763 - (379,040) 527,431 611 Solid Waste Capital 779,163 2,684,437 3,463,022 - (778,585) 578 620 Water Works Operations 6,550,457 21,870,448 24,213,606 - (2,343,158) 4,207,299 622 Water Works Capital 9,672,979 4,213,704 12,735,287 - (8,521,583) 1,151,396 624 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 22 - - 22 1,422,826 629 Water Works Operations & Maintenance Reserve 2,912,652 15,296 - - 15,296 2,927,948 640 Sewer Repair Insurance 2,003,861 723,687 753,069 - (29,382) 1,974,479 641 Sewage Works Operations 13,825,371 39,446,578 45,726,498 - (6,279,920) 7,545,451 642 Sewage Works Capital 14,359,708 4,255,647 14,614,348 - (10,358,701) 4,001,007 643 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 1,238,842 2,271,456 - (1,032,614) 571,540 670 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 69,709,146 103,882,271 133,927,453 - (30,045,182) 39,663,964 Internal Service Funds 222 Central Services 658,666 8,878,405 8,873,729 - 4,676 663,341 226 Liability Insurance 6,100,867 3,429,594 6,503,078 - (3,073,484) 3,027,383 278 Police Take Home Vehicle 698,546 26,154 50,000 - (23,846) 674,700 279 IT / Innovation / 311 Call Center 3,482,865 10,122,770 11,054,062 - (931,292) 2,551,573 711 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 39,446,601 45,214,579 - (5,767,978) 16,186,090 Fiduciary Funds 701 Fire Pension 420,180 4,066,011 4,583,888 - (517,877) (97,697) 702 Police Pension 560,923 6,021,412 6,057,740 - (36,328) 524,595 Total Fiduciary Funds 981,103 10,087,423 10,641,628 - (554,205) 426,898 Total City Controlled Funds 285,338,320 386,567,609 499,476,804 305,175 (112,604,020) 172,734,297 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 August 31, 2022 Projected Cash Balance Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 33,713,041 18,289,932 25,072,985 - (6,783,053) 26,929,988 422 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 8,178,801 - (4,328,447) 5,177,998 430 TIF - Southside Development Area #1 14,473,182 1,885,035 9,973,505 - (8,088,470) 6,384,712 435 TIF - Douglas Road 257,579 169,511 284,630 - (115,119) 142,461 436 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 30,520,441 48,660,186 - (18,139,745) 46,475,502 Redevelopment Funds 433 Redevelopment General 3,187,994 1,556,128 1,141,283 - 414,845 3,602,839 439 Certified Technology Park 11,145 101 - - 101 11,246 452 2018 TIF Park Bond Capital 2,433,236 8,000 2,389,024 - (2,381,024) 52,212 454 Airport Urban Enterprise Zone 410,393 1,502 - - 1,502 411,895 Total Redevelopment Funds 6,042,769 1,565,731 3,530,307 - (1,964,576) 4,078,192 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 33,130,549 53,220,243 - (20,089,694) 54,720,415 Grand Total 360,148,428 419,698,158 552,697,047 305,175 (132,693,713) 227,454,713 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 encumbrances Cash Reserves Summary by Fund Status Cash ActualFundFund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy Under Reserve Requirement 201 Parks & Recreation 5,500,405 1,753,765 3,746,640 4,955,940 (1,209,300) 19%Property tax distribution received in June & Dec 25% of Annual expenditures 222 Central Services 549,869 28,320 521,549 887,373 (365,824) 6%Charges for services came in under budget 10% of Annual expenditures 278 Police Take Home Vehicle 729,085 - 729,085 750,000 (20,915) 1458%One large claim in 2019, continuing to build cash reserves back up Set dollar amount of $750,000 610 Solid Waste Operations 21,764 362,946 (341,182) 710,676 (1,051,859) -5%Large dollar amount of encumbrances is for tipping fees to be invoiced throughout the year 10% of Annual expenditures 670 Century Center Operations 938,560 27,049 911,511 1,023,739 (112,229) 22%Hotel/motel tax revenue to be received in July 25% of Annual expenditures 701 Fire Pension (288,755) - (288,755) 458,389 (747,144) -6%Slightly under reserve requirement 10% of Annual expenditures 702 Police Pension (420,654) - (420,654) 605,774 (1,026,428) -7%Slightly under reserve requirement 10% of Annual expenditures Under Reserve Requirement Total 7,030,273$ 2,172,080$ 4,858,193$ 9,391,891$ (4,533,699)$ Meets or Exceeds Requirement 101 General Fund 50,545,203 5,462,616 45,082,587 39,933,603 5,148,984 40%Property tax distribution received in June & Dec 35% of Annual expenditures 102 Rainy Day 10,955,672 - 10,955,672 8,717,131 2,238,541 4% 3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out 202 Motor Vehicle Highway 5,490,375 1,951,436 3,538,938 2,964,038 574,900 30%25% of Annual expenditures 216 Police State Seizures 179,361 - 179,361 11,125 168,236 403%25% of Annual expenditures 220 Law Enforcement Continuing Education 629,695 30,442 599,252 130,892 468,360 114%25% of Annual expenditures 226 Liability Insurance 6,255,899 2,552,134 3,703,766 3,251,539 452,227 57%50% of Annual expenditures 289 Haz-Mat 28,220 - 28,220 2,500 25,720 282%25% of Annual expenditures 291 Indiana River Rescue 337,890 2,504 335,386 24,840 310,546 338%25% of Annual expenditures 299 Police Federal Drug Enforcement 106,239 15,835 90,404 19,625 70,779 115%25% of Annual expenditures 315 Airport 2003 Debt Reserve 1,040,462 - 1,040,462 1,040,462 - 100%100% debt service reserve per bond covenants 328 SBCDA 2003 Debt Reserve 1,739,495 - 1,739,495 1,739,495 - 100%100% debt service reserve per bond covenants 351 2018 TIF Park Bond Debt Service 1,040,078 - 1,040,078 1,040,078 - 100% 100% debt service reserve per bond covenants 352 2019 South Shore Double Tracking Debt Service 14,695 - 14,695 14,695 - 100%100% debt service reserve per bond covenants 353 2020 TIF Library Bond Debt Service Reserve 326,939 - 326,939 326,939 - 100%100% debt service reserve per bond covenants 404 Local Income Tax - Certified Shares 16,954,947 1,778,837 15,176,110 8,798,204 6,377,906 86%50% of Annual expenditures 408 Local Income Tax - Economic Development 26,381,964 3,645,349 22,736,615 14,891,429 7,845,186 76%50% of Annual expenditures 433 Redevelopment General 2,413,603 199,641 2,213,962 285,321 1,928,641 194%25% of Annual expenditures 600 Consolidated Building 1,979,704 823 1,978,882 511,713 1,467,168 97%25% of Annual expenditures 601 Parking Garages 808,036 185,042 622,995 353,374 269,621 44%25% of Annual expenditures 602 Morris Performing Arts Center Operations 842,602 23,287 819,316 168,358 650,958 49%10% of Annual expenditures 620 Water Works Operations 4,345,933 735,208 3,610,726 1,210,680 2,400,045 15%5% of Annual expenditures 624 Water Works Customer Deposit 1,310,389 - 1,310,389 1,310,389 - 100%100% cash reserves for customer deposits August 31, 2022 9 City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash ActualFundFund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy August 31, 2022 626 Water Works Bond Reserve 1,422,881 - 1,422,881 1,422,881 - 100%100% cash reserves per bond covenants 629 Water Works Operations & Maintenance Reserve 2,927,948 - 2,927,948 2,927,948 - 17%16.67% of annual operating expenses in Fund 620, net of transfers 640 Sewer Repair Insurance 1,940,036 - 1,940,036 188,267 1,751,769 258%25% of Annual expenditures 641 Sewage Works Operations 12,644,685 3,150,338 9,494,347 2,286,325 7,208,022 21%5% of Annual expenditures 643 Sewage Works Operations & Maintenance Reserve 5,550,801 - 5,550,801 5,160,100 390,701 18% 16.67% of annual operating expenses in Fund 641, net of transfers 653 Sewage Debt Service Reserve 3,749,760 - 3,749,760 3,749,760 - 100%100% cash reserves per bond covenants 654 Sewage Works Customer Deposit 1,079,368 - 1,079,368 1,079,368 - 100%100% cash reserves for customer deposits 655 Project ReLeaf 356,148 - 356,148 112,427 243,721 79%25% of Annual expenditures 671 Century Center Capital 983,767 - 983,767 800,000 183,767 2811%$800,000 Minimum per Board of Managers 711 Self-Funded Employee Benefits 10,960,938 744,792 10,216,147 4,599,966 5,616,181 56%25% of Annual expenditures 713 Unemployment Compensation 74,596 - 74,596 20,000 54,596 93%25% of Annual expenditures 714 Parental Leave 331,656 - 331,656 20,308 311,348 131%8% of Annual expenditures - one month reserve 718 State Tax Withholding Fund 314,611 - 314,611 314,611 - 100%100% cash reserves - trust & agency funds 725 Morris / Palais Box Office 1,026,390 - 1,026,390 1,026,390 - 100%100% cash reserves - trust & agency funds 726 Police Distributions Payable 998,654 - 998,654 998,654 - 100%100% cash reserves - trust & agency funds 730 City Cemetery 30,345 - 30,345 - 30,345 100%25% of Annual expenditures 731 Bowman Cemetery 477,356 - 477,356 400,000 77,356 100%$400,000 minimum 752 South Bend Redevelopment Authority 82,230 - 82,230 82,230 - 100%100% cash reserves per bond covenants 755 South Bend Building Corporation 214,078 - 214,078 214,078 - 100%100% cash reserves per bond covenants 756 2015 Smart Streets Bond Debt Service 1,746,417 - 1,746,417 1,746,417 - 100%100% cash reserves per bond covenants 757 2015 Parks Bond Debt Service 463,806 - 463,806 463,806 - 100%100% cash reserves per bond covenants 760 2017 Eddy Street Commons Bond Debt Service 3,668,736 - 3,668,736 2,500,000 1,168,736 190%$2,500,000 minimum Meets or Exceeds Requirement Total 184,772,610$ 20,478,282$ 164,294,328$ 116,859,968$ 47,434,360$ 10 City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash ActualFundFund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy August 31, 2022 No Reserve Requirement 209 Studebaker-Oliver Revitalizing Grants 687,935 50,443 637,492 - 637,492 100%No reserve requirement - Grant fund - spend down to zero 210 Economic Development State Grants 21,758 153,904 (132,146) - (132,146) 100%Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 211 Dept of Community Investment Operating 341,516 387,920 (46,403) - (46,403) 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 212 Dept of Community Investment Grants 136,856 3,468,611 (3,331,755) - (3,331,755) 100%Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 217 Gift, Donation, Bequest 1,003,100 300,818 702,281 - 702,281 100%No reserve requirement 219 Unsafe Building 795,892 9,010 786,882 - 786,882 100%No reserve requirement 221 Rental Units Regulation 121,447 99,686 21,761 - 21,761 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 227 Loss Recovery 415,830 - 415,830 - 415,830 100%No reserve requirement 230 Code Enforcement 813,835 182,876 630,959 - 630,959 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 249 Local Income Tax - Public Safety 1,826,062 - 1,826,062 - 1,826,062 100% No reserve requirement 251 Local Road & Street 2,747,746 1,407,038 1,340,708 - 1,340,708 100%No reserve requirement 257 LOIT Special Distribution 246,657 56,950 189,707 - 189,707 100%No reserve requirement - one-time distribution - spend down to zero 258 Human Rights Federal Grants 289,294 8,333 280,961 - 280,961 100%No reserve requirement - Grant fund - spend down to zero 263 American Rescue Plan 57,074,895 1,080,120 55,994,775 - 55,994,775 100%No reserve requirement - Grant fund - spend down to zero 264 COVID-19 Response (37,893) 623,490 (661,383) - (661,383) 100%To be reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 265 Local Road & Bridge Grant 831,949 138,182 693,768 - 693,768 100%Reimbursed through interfund transfer to cover matching portion No reserve requirement - Grant fund - spend down to zero 266 MVH Restricted 2,265,496 1,066,566 1,198,930 - 1,198,930 100%No reserve requirement 279 IT / Innovation / 311 Call Center 4,371,155 1,398,517 2,972,638 - 2,972,638 100%Reimbursed through interfund allocation No reserve requirement 287 Fire Department Capital 3,370,330 1,665,073 1,705,257 - 1,705,257 100%No reserve requirement - Capital fund - spend down to zero 295 COPS MORE Grant 20,813 20,808 4 - 4 100%No reserve requirement 312 2017 Parks Bond Debt Service (320,382) - (320,382) - (320,382) 100%Property tax distribution received in June & Dec No reserve requirement 324 TIF - River West Development Area 31,633,735 4,635,662 26,998,073 - 26,998,073 100%Property tax distribution received in June & Dec No reserve requirement 350 2018 Fire Station #9 Bond Debt Service - - - - - 100%Receives transfers from Fund 287 for debt services pmts No reserve requirement 401 Coveleski Stadium Capital (12,844) 490 (13,333) - (13,333) 100%Revenue based on stadium attendence is received in the fall No reserve requirement - Capital fund - spend down to zero 406 Cumulative Capital Development 265,234 - 265,234 - 265,234 100%Property tax distribution received in June & Dec No reserve requirement - Capital fund - spend down to zero 407 Cumulative Capital Improvement 576,847 233,808 343,038 - 343,038 100%No reserve requirement - Capital fund - spend down to zero 410 Urban Development Action Grant 394,978 - 394,978 - 394,978 100%No reserve requirement - Grant fund - spend down to zero 412 Major Moves Construction 2,259,464 886,499 1,372,965 - 1,372,965 100%No reserve requirement - Capital fund - spend down to zero 413 Professional Sports Convention Development Area 964,947 1,486,180 (521,233) - (521,233) 100%No reserve requirement - Capital fund - spend down to zero 11 City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash ActualFundFund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy August 31, 2022 416 Morris Performing Arts Center Capital 6,419,997 5,675,673 744,324 - 744,324 100%No reserve requirement 422 TIF - West Washington 1,346,995 118,251 1,228,744 - 1,228,744 100%Property tax distribution received in June & Dec No reserve requirement 429 TIF - River East Development Area (NE Dev)11,281,757 2,199,914 9,081,843 - 9,081,843 100%Property tax distribution received in June & Dec No reserve requirement 430 TIF - Southside Development Area #1 14,919,979 1,186,792 13,733,186 - 13,733,186 100%Property tax distribution received in June & Dec No reserve requirement 435 TIF - Douglas Road 242,264 - 242,264 - 242,264 100%Property tax distribution received in June & Dec No reserve requirement 436 TIF - River East Residential Area (NE Res)4,100,291 - 4,100,291 - 4,100,291 100%Property tax distribution received in June & Dec No reserve requirement 439 Certified Technology Park 11,192 - 11,192 - 11,192 100%No reserve requirement 450 Palais Royale Historic Preservation 101,745 - 101,745 - 101,745 100%No reserve requirement 451 2018 Fire Station #9 Bond Capital 317,411 - 317,411 - 317,411 100%No reserve requirement - Bond capital fund - spend down to zero 453 Zoo Bond Capital 5,440,269 - 5,440,269 - 5,440,269 100%No reserve requirement - Bond capital fund - spend down to zero 452 2018 TIF Park Bond Capital 2,420,184 2,194,506 225,679 - 225,679 100%No reserve requirement - Bond capital fund - spend down to zero 454 Airport Urban Enterprise Zone 412,108 - 412,108 - 412,108 100%No reserve requirement 455 2021 Infrastructure Bond Capital 2,634,800 811,622 1,823,178 - 1,823,178 100%No reserve requirement - Bond capital fund - spend down to zero 471 2017 Parks Bond Capital 3,492,837 1,685,912 1,806,925 - 1,806,925 100%No reserve requirement - Bond capital fund - spend down to zero 611 Solid Waste Capital 1,730,704 1,294,726 435,978 - 435,978 100%Receives transfers from Fund 610 as needed No reserve requirement - Capital fund - spend down to zero 622 Water Works Capital 11,504,234 5,960,774 5,543,461 - 5,543,461 100%Receives transfers from Fund 620 as needed No reserve requirement - Capital fund - spend down to zero 625 Water Works Sinking (Debt Service)1,579,229 - 1,579,229 - 1,579,229 100%Receives transfers from Fund 620 as needed No reserve requirement 642 Sewage Works Capital 14,586,812 2,308,513 12,278,298 - 12,278,298 100%Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend down to zero 649 Sewage Sinking (Debt Service)6,780,360 - 6,780,360 - 6,780,360 100%Receives transfers from Fund 641 as needed No reserve requirement 667 Storm Sewer 1,926,985 1,140,824 786,161 - 786,161 100%No reserve requirement - Capital fund - spend down to zero 672 Century Center Energy Conservation Debt Svc 285,768 - 285,768 - 285,768 100%No reserve requirement 754 Industrial Revolving Fund 4,629,165 40,825 4,588,340 - 4,588,340 100%No City reserve requirement; there are program requirements 759 2017 Eddy Street Commons Bond Capital 25,764 - 25,764 - 25,764 100%No reserve requirement - Bond capital fund - spend down to zero No Reserve Requirement Total 209,297,501$ 43,979,317$ 165,318,184$ -$ 165,318,186$ Total Funds 401,100,384$ 66,629,680$ 334,470,705$ 126,251,859$ 208,218,847$ 12 City of South Bend Monthly Fund Financials Revenue Summary August 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 73,217,720 1,594,003 44,919,307 45,306,821 28,298,413 61% Special Revenue Funds 102 Rainy Day 99,340 28,192 64,628 51,908 34,712 65% 201 Parks & Recreation 17,505,813 588,508 11,008,432 10,392,052 6,497,381 63% 202 Motor Vehicle Highway 9,922,075 711,857 6,940,410 4,865,259 2,981,665 70% 209 Studebaker-Oliver Revitalizing Grants 5,942 1,770 4,070 3,531 1,872 69% 210 Economic Development State Grants 577,360 38 126,896 51,833 450,464 22% 211 Dept of Community Investment Operating 5,365,416 353,218 2,420,803 926,790 2,944,613 45% 212 Dept of Community Investment Grants 9,033,557 1,324 983,323 1,238,210 8,050,234 11% 216 Police State Seizures 5,896 462 5,848 21,506 48 99% 217 Gift, Donation, Bequest 246,270 3,285 209,391 473,317 36,879 85% 218 Police Curfew Violations 8 - 178 66 (170) 2231% 219 Unsafe Building 70,871 27,473 42,243 29,430 28,628 60% 220 Law Enforcement Continuing Education 827,245 106,337 698,559 145,929 128,686 84% 221 Rental Units Regulation 404,123 17,552 92,972 3,199 311,151 23% 227 Loss Recovery 3,769 1,070 2,453 2,052 1,316 65% 230 Code Enforcement 4,880,820 327,410 2,824,045 1,530,992 2,056,775 58% 249 Local Income Tax - Public Safety 9,178,554 730,333 6,281,449 6,380,730 2,897,105 68% 251 Local Road & Street 2,783,569 249,214 1,464,155 1,728,603 1,319,414 53% 257 LOIT Special Distribution 843 635 1,455 2,695 (612) 173% 258 Human Rights Federal Grants 155,250 759 6,161 14,476 149,089 4% 263 American Rescue Plan 29,545,024 146,870 29,710,790 29,503,688 (165,766) 101% 264 COVID-19 Response 1,166,853 - 331,106 1,241,083 835,747 28% 265 Local Road & Bridge Grant 2,002,427 2,256 705,453 1,585,934 1,296,974 35% 266 MVH Restricted 3,946,792 213,257 3,054,667 2,100,317 892,125 77% 273 Morris PAC / Palais Royale Marketing 43 - 43 2,154 - 99% 274 Morris PAC Self-Promotion 150 - 150 10,317 - 100% 280 Police Block Grants 2 - 2 20 - 119% 289 Haz-Mat 10,256 73 166 134 10,090 2% 291 Indiana River Rescue 92,991 870 66,443 49,612 26,548 71% 294 Regional Police Academy 83 - 83 20,181 - 100% 295 COPS MORE Grant 30 - 30 106,356 - 100% 299 Police Federal Drug Enforcement 89,724 759 90,146 58,040 (422) 100% 404 Local Income Tax - Certified Shares 12,096,973 819,432 8,963,654 9,443,327 3,133,319 74% 408 Local Income Tax - Economic Development 13,315,608 1,073,211 8,911,725 9,912,575 4,403,883 67% 410 Urban Development Action Grant 55,275 331,307 386,482 9,900 (331,207) 699% 655 Project ReLeaf 490,012 38,928 341,484 317,295 148,528 70% 705 Police K-9 Unit 1 - 1 12 - 139% 730 City Cemetery 273 78 179 144 94 66% 731 Bowman Cemetery 4,328 1,228 2,816 2,262 1,512 65% 754 Industrial Revolving Fund 4,804,698 938,275 4,977,565 2,419,656 (172,867) 104% Total Special Revenue Funds 128,688,264 6,715,980 90,720,457 84,645,583 37,967,808 70% Debt Service Fund 312 2017 Parks Bond Debt Service 1,150,804 - 664,820 655,479 485,984 58% 350 2018 Fire Station #9 Bond Debt Service 344,157 - 344,156 345,306 1 100% 672 Century Center Energy Conservation Debt Svc 404,367 606 290,427 315,991 113,940 72% 752 South Bend Redevelopment Authority 3,058,250 285 2,858,470 2,668,550 199,780 93% 755 South Bend Building Corporation 2,769,500 625 2,736,719 11,424,073 32,781 99% 756 2015 Smart Streets Bond Debt Service 1,716,000 10 1,715,062 1,716,062 938 100% 757 2015 Parks Bond Debt Service 375,106 31,613 248,599 251,266 126,507 66% 760 2017 Eddy Street Commons Bond Debt Service 1,928,125 16 1,926,500 1,916,100 1,625 100% Total Debt Service Funds 11,746,309 33,155 10,784,754 19,292,828 961,556 92% 13 City of South Bend Monthly Fund Financials Revenue Summary August 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 4,276,873 4,197 2,699,477 1,278,638 1,577,396 63% 401 Coveleski Stadium Capital 25,109 - 274 52 24,835 1% 406 Cumulative Capital Development 514,423 693 286,747 282,366 227,676 56% 407 Cumulative Capital Improvement 243,166 1,502 99,617 105,262 143,549 41% 412 Major Moves Construction 499,578 264,659 518,154 552,418 (18,576) 104% 413 Professional Sports Convention Development Area 1,503,000 2,507 1,229,832 - 273,168 82% 416 Morris Performing Arts Center Capital 6,508,701 1,741 6,509,730 10,180 (1,029) 100% 450 Palais Royale Historic Preservation 8,320 262 8,440 7,322 (120) 101% 451 2018 Fire Station #9 Bond Capital 1,250 817 1,872 1,504 (622) 150% 453 Zoo Bond Capital 5,891,800 24 5,891,917 - (116) 100% 455 2021 Infrastructure Bond Capital 12,000 6,783 17,623 8,614,895 (5,623) 147% 471 2017 Parks Bond Capital 14,801 9,281 22,898 26,421 (8,097) 155% 750 Equipment/Vehicle Leasing - - - 12 - 0% 759 2017 Eddy Street Commons Bond Capital - 0 25,565 1 (25,565) 0% Total Capital Funds 19,499,021 292,466 17,312,145 10,879,070 2,186,876 89% Enterprise Funds 600 Consolidated Building 1,603,384 166,517 1,134,404 1,009,967 468,980 71% 601 Parking Garages 965,795 105,654 569,526 630,590 396,269 59% 602 Morris Performing Arts Center Operations 2,203,607 2,239 1,559,598 - 644,009 71% 610 Solid Waste Operations 6,727,723 608,155 4,886,536 4,130,525 1,841,187 73% 611 Solid Waste Capital 2,684,437 21,715 2,486,812 663,068 197,625 93% 620 Water Works Operations 21,870,448 2,042,186 14,177,615 14,281,927 7,692,833 65% 622 Water Works Capital 4,213,704 375,692 2,760,447 2,427,145 1,453,257 66% 624 Water Works Customer Deposit - 2,277 2,277 6,069 (2,277) 0% 625 Water Works Sinking (Debt Service)2,662,430 224,613 1,777,696 1,009,417 884,734 67% 626 Water Works Bond Reserve 22 2,449 2,490 6,638 (2,468) 11320% 629 Water Works Operations & Maintenance Reserve 15,296 5,087 20,383 13,914 (5,087) 133% 640 Sewer Repair Insurance 723,687 62,956 527,087 480,899 196,600 73% 641 Sewage Works Operations 39,446,578 3,467,457 27,913,895 27,209,368 11,532,683 71% 642 Sewage Works Capital 4,255,647 376,570 2,817,327 4,293,075 1,438,320 66% 643 Sewage Works Operations & Maintenance Reserve - 9,643 9,643 26,516 (9,643) 0% 649 Sewage Sinking (Debt Service)11,107,089 935,037 7,425,836 5,145,155 3,681,253 67% 653 Sewage Debt Service Reserve 36,647 6,514 6,514 237 30,133 18% 654 Sewage Works Customer Deposit - 1,875 1,875 3,493 (1,875) 0% 667 Storm Sewer 1,238,842 91,859 786,505 795,705 452,337 63% 670 Century Center Operations 4,125,935 5,417 2,987,758 1,369,432 1,138,177 72% 671 Century Center Capital 1,000 - 57 65 943 6% Total Enterprise Funds 103,882,271 8,513,909 71,854,280 63,503,205 32,027,990 69% Internal Service Funds 222 Central Services 8,878,405 914,954 6,355,839 4,854,794 2,522,566 72% 224 Central Services Capital - - - 76,155 - 0% 226 Liability Insurance 3,429,594 296,505 2,315,634 2,247,890 1,113,960 68% 278 Police Take Home Vehicle 26,154 5,413 31,806 8,266 (5,652) 122% 279 IT / Innovation / 311 Call Center 10,122,770 818,046 6,895,913 7,146,453 3,226,857 68% 711 Self-Funded Employee Benefits 16,625,249 1,436,452 11,420,023 11,573,485 5,205,226 69% 713 Unemployment Compensation 105,726 9,595 74,725 14,253 31,001 71% 714 Parental Leave 258,703 20,607 168,415 161,808 90,288 65% Total Internal Service Funds 39,446,601 3,501,573 27,262,355 26,083,104 12,184,246 69% Fiduciary Funds 701 Fire Pension 4,066,011 45 2,037,075 2,053,399 2,028,936 50% 702 Police Pension 6,021,412 60 3,011,523 2,982,417 3,009,889 50% Total Fiduciary Funds 10,087,423 105 5,048,598 5,035,816 5,038,825 50% Total City Controlled Funds 386,567,609 20,651,190 267,901,895 254,746,427 118,665,714 69% 14 City of South Bend Monthly Fund Financials Revenue Summary August 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 18,289,932 104,364 10,523,070 11,469,546 7,766,862 58% 422 TIF - West Washington 293,562 3,503 158,752 218,908 134,810 54% 429 TIF - River East Development Area (NE Dev)3,850,354 29,111 2,503,386 3,185,283 1,346,968 65% 430 TIF - Southside Development Area #1 1,885,035 38,438 1,599,212 1,533,473 285,823 85% 435 TIF - Douglas Road 169,511 623 195,560 91,935 (26,049) 115% 436 TIF - River East Residential Area (NE Res)6,032,047 10,757 3,568,649 3,508,444 2,463,398 59% Total Tax Increment Financing Funds 30,520,441 186,797 18,548,630 20,007,588 11,971,812 61% Redevelopment Funds 433 Redevelopment General 1,556,128 6,219 16,944 14,096 1,539,184 1% 439 Certified Technology Park 101 29 66 53 35 65% 452 2018 TIF Park Bond Capital 8,000 6,234 14,360 12,279 (6,360) 180% 454 Airport Urban Enterprise Zone 1,502 1,060 2,431 1,953 (929) 162% Total Redevelopment Funds 1,565,731 13,542 33,801 28,380 1,531,930 2% Debt Service Funds 315 Airport 2003 Debt Reserve - 1,808 1,808 4,970 (1,808) 0% 328 SBCDA 2003 Debt Reserve - 3,022 3,022 8,309 (3,022) 0% 351 2018 TIF Park Bond Debt Service 9,357 2,676 6,136 4,928 3,222 66% 352 2019 South Shore Double Tracking Debt Service 1,035,010 1 1,035,003 1,036,503 7 100% 353 2020 TIF Library Bond Debt Service Reserve 10 1 11 11 (1) 109% Total Debt Service Funds 1,044,377 7,509 1,045,979 1,054,721 (1,602) 100% Total Redevelopment Commission Funds 33,130,549 207,848 19,628,410 21,090,690 13,502,139 59% Grand Total 419,698,158 20,859,038 287,530,305 275,837,116 132,167,853 69% 15 City of South Bend Monthly Fund Financials Expenditure Summary August 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 6,717,104 49,046,471 45,586,591 5,462,616 59,586,921 48% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 19,823,760 1,512,153 11,486,132 10,298,580 1,753,765 6,583,863 67% 202 Motor Vehicle Highway 11,856,151 452,597 6,228,090 7,572,047 1,951,436 3,676,625 69% 209 Studebaker-Oliver Revitalizing Grants 262,443 - 7,188 57,603 50,443 204,812 22% 210 Economic Development State Grants 604,236 (55,705) 131,976 51,703 153,904 318,356 47% 211 Dept of Community Investment Operating 5,759,541 362,723 2,516,818 2,225,542 387,920 2,854,803 50% 212 Dept of Community Investment Grants 9,443,375 141,620 1,242,505 1,241,854 3,468,611 4,732,259 50% 216 Police State Seizures 44,500 - - 71,043 - 44,500 0% 217 Gift, Donation, Bequest 740,289 11,564 183,070 346,201 300,818 256,401 65% 218 Police Curfew Violations 18,799 - 14,059 - - 4,740 75% 219 Unsafe Building 23,000 3,270 10,990 96,996 9,010 3,000 87% 220 Law Enforcement Continuing Education 523,568 48,549 453,586 309,809 30,442 39,541 92% 221 Rental Units Regulation 450,794 4,891 58,479 116,186 99,686 292,628 35% 227 Loss Recovery - - - 69,630 - - 0% 230 Code Enforcement 5,129,435 279,624 2,510,775 2,301,234 182,876 2,435,783 53% 249 Local Income Tax - Public Safety 12,689,047 976,080 8,296,680 6,220,725 - 4,392,367 65% 251 Local Road & Street 3,656,900 61,444 1,055,192 2,440,134 1,407,038 1,194,671 67% 257 LOIT Special Distribution 56,950 - - 23,927 56,950 - 100% 258 Human Rights Federal Grants 248,783 19,295 144,706 160,808 8,333 95,743 62% 263 American Rescue Plan 13,510,000 121,510 2,194,340 81,748 1,080,120 10,235,540 24% 264 COVID-19 Response 1,166,853 37,893 368,999 2,673,028 623,490 174,364 85% 265 Local Road & Bridge Grant 2,923,443 137,189 576,933 1,138,240 138,182 2,208,327 24% 266 MVH Restricted 5,070,313 907,452 2,852,736 1,684,529 1,066,566 1,151,010 77% 273 Morris PAC / Palais Royale Marketing 100,000 - 74,852 4,160 - 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 10,000 200 200 - - 9,800 2% 291 Indiana River Rescue 99,359 13 79,878 43,353 2,504 16,978 83% 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 76,978 20,808 100,434 31% 299 Police Federal Drug Enforcement 78,500 - 44,144 - 15,835 18,521 76% 404 Local Income Tax - Certified Shares 17,596,408 1,187,350 10,617,044 6,714,245 1,778,837 5,200,527 70% 408 Local Income Tax - Economic Development 29,782,859 813,985 7,439,967 4,887,703 3,645,349 18,697,542 37% 410 Urban Development Action Grant 24,000 - 18,000 18,000 - 6,000 75% 655 Project ReLeaf 449,708 29,472 280,693 359,652 - 169,015 62% 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 30,308 4,468,084 2,311,879 40,825 409,801 92% Total Special Revenue Funds 147,826,103 7,083,477 63,824,569 53,597,536 18,273,749 65,727,786 56% Debt Service Fund 312 2017 Parks Bond Debt Service 1,169,368 - 1,169,365 1,189,190 - 3 100% 350 2018 Fire Station #9 Bond Debt Service 344,157 - 344,156 345,306 - 1 100% 672 Century Center Energy Conservation Debt Svc 402,368 - 200,952 203,185 - 201,416 50% 752 South Bend Redevelopment Authority 3,044,328 1,421,724 3,018,665 2,827,906 - 25,663 99% 755 South Bend Building Corporation 2,751,956 1,358,239 2,747,016 12,030,890 - 4,940 100% 756 2015 Smart Streets Bond Debt Service 1,711,694 855,909 1,711,344 1,712,469 - 350 100% 757 2015 Parks Bond Debt Service 372,557 185,416 372,556 374,381 - 1 100% 760 2017 Eddy Street Commons Bond Debt Service 1,926,375 963,750 1,926,375 1,710,875 - - 100% Total Debt Service Funds 11,722,804 4,785,038 11,490,430 20,394,202 - 232,374 98% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 16 City of South Bend Monthly Fund Financials Expenditure Summary August 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 - 2,084,657 2,043,385 1,665,073 3,048,609 55% 401 Coveleski Stadium Capital 25,715 - 13,932 3,533 490 11,293 56% 406 Cumulative Capital Development 512,428 11,974 307,798 238,966 - 204,630 60% 407 Cumulative Capital Improvement 489,341 20,745 172,865 174,765 233,808 82,668 83% 412 Major Moves Construction 1,789,238 81,558 143,958 55,896 886,499 758,781 58% 413 Professional Sports Convention Development Area 3,602,900 25,000 1,038,840 - 1,486,180 1,077,880 70% 416 Morris Performing Arts Center Capital 8,475,984 157,163 2,034,935 116,824 5,675,673 765,375 91% 450 Palais Royale Historic Preservation 35,000 - - - - 35,000 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 453 Zoo Bond Capital 5,891,800 133,460 451,648 - - 5,440,153 8% 455 2021 Infrastructure Bond Capital 3,815,260 3,600 1,214,727 1,453,550 811,622 1,788,911 53% 471 2017 Parks Bond Capital 4,264,527 356,012 788,763 1,290,007 1,685,912 1,789,852 58% 750 Equipment/Vehicle Leasing 347,697 - 347,697 - - - 100% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 36,048,229 789,512 8,599,819 5,376,926 12,445,258 15,003,152 58% Enterprise Funds 600 Consolidated Building 2,046,854 154,451 1,253,268 1,034,582 823 792,763 61% 601 Parking Garages 1,413,495 43,066 668,064 336,130 185,042 560,389 60% 602 Morris Performing Arts Center Operations 1,683,579 84,515 715,581 - 23,287 944,711 44% 610 Solid Waste Operations 7,106,763 605,343 5,842,549 4,459,278 362,946 901,269 87% 611 Solid Waste Capital 3,463,022 - 1,535,010 676,175 1,294,726 633,286 82% 620 Water Works Operations 24,213,606 1,738,069 16,436,566 13,227,163 735,208 7,041,833 71% 622 Water Works Capital 12,735,287 38,196 946,567 820,507 5,960,774 5,827,946 54% 624 Water Works Customer Deposit - - - 6,069 - - 0% 625 Water Works Sinking (Debt Service)2,662,430 600 195,723 210,780 - 2,466,707 7% 626 Water Works Bond Reserve - - - 6,635 - - 0% 629 Water Works Operations & Maintenance Reserve - - - 13,914 - - 0% 640 Sewer Repair Insurance 753,069 98,568 606,717 508,299 - 146,352 81% 641 Sewage Works Operations 45,726,498 2,962,192 29,552,273 26,582,360 3,150,338 13,023,887 72% 642 Sewage Works Capital 14,614,348 255,282 2,575,256 4,072,906 2,308,513 9,730,579 33% 643 Sewage Works Operations & Maintenance Reserve - - - 26,516 - - 0% 649 Sewage Sinking (Debt Service)11,107,089 - 633,696 758,683 - 10,473,393 6% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - 3,493 - - 0% 667 Storm Sewer 2,271,456 71,912 486,579 313,312 1,140,824 644,053 72% 670 Century Center Operations 4,094,958 90,481 2,211,902 1,728,194 27,049 1,856,006 55% 671 Century Center Capital 35,000 - - - - 35,000 0% Total Enterprise Funds 133,927,453 6,142,674 63,659,751 54,784,997 15,189,528 55,078,174 59% Internal Service Funds 222 Central Services 8,873,729 1,027,852 6,725,102 5,393,925 28,320 2,120,307 76% 224 Central Services Capital - - - 100,904 - - 0% 226 Liability Insurance 6,503,078 299,092 2,234,403 2,560,600 2,552,134 1,716,541 74% 278 Police Take Home Vehicle 50,000 - - 270 - 50,000 0% 279 IT / Innovation / 311 Call Center 11,054,062 726,880 6,200,590 5,753,777 1,398,517 3,454,956 69% 711 Self-Funded Employee Benefits 18,399,864 1,777,308 11,233,962 10,233,831 744,792 6,421,110 65% 713 Unemployment Compensation 80,000 25 26,517 60,650 - 53,483 33% 714 Parental Leave 253,846 18,756 62,894 111,203 - 190,952 25% Total Internal Service Funds 45,214,579 3,849,913 26,483,469 24,215,161 4,723,762 14,007,349 69% Fiduciary Funds 701 Fire Pension 4,583,888 342,273 2,746,010 2,752,493 - 1,837,878 60% 702 Police Pension 6,057,740 492,032 3,993,100 4,000,642 - 2,064,640 66% Total Fiduciary Funds 10,641,628 834,306 6,739,110 6,753,135 - 3,902,518 63% Total City Controlled Funds 499,476,804 30,202,024 229,843,619 210,708,549 56,094,913 213,538,274 57% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 17 City of South Bend Monthly Fund Financials Expenditure Summary August 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 25,072,985 922,057 12,543,088 12,582,960 4,635,662 7,894,235 69% 422 TIF - West Washington 228,561 44,448 44,448 22,383 118,251 65,862 71% 429 TIF - River East Development Area (NE Dev)8,178,801 95,507 701,474 721,165 2,199,914 5,277,413 35% 430 TIF - Southside Development Area #1 9,973,505 180,197 1,255,507 775,312 1,186,792 7,531,205 24% 435 TIF - Douglas Road 284,630 - 210,455 14,800 - 74,175 74% 436 TIF - River East Residential Area (NE Res)4,921,704 246,664 4,891,203 5,565,337 - 30,501 99% Total Tax Increment Financing Funds 48,660,186 1,488,873 19,646,176 19,681,958 8,140,620 20,873,391 57% Redevelopment Funds 433 Redevelopment General 1,141,283 - 787,142 595,805 199,641 154,500 86% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital 2,389,024 - 23,208 132,254 2,194,506 171,311 93% 454 Airport Urban Enterprise Zone - - - - - - 0% Total Redevelopment Funds 3,530,307 - 810,350 728,059 2,394,147 325,811 91% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 4,970 - - 0% 328 SBCDA 2003 Debt Reserve - - - 8,309 - - 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,029,750 513,125 1,029,750 1,027,750 - - 100% 353 2020 TIF Library Bond Debt Service Reserve - 8 16 - - (16) 0% Total Debt Service Funds 1,029,750 513,133 1,029,766 1,041,030 - (16) 100% Total Redevelopment Commission Funds 53,220,243 2,002,006 21,486,292 21,451,046 10,534,766 21,199,185 60% Grand Total 552,697,047 32,204,030 251,329,911 232,159,595 66,629,680 234,737,459 58% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 18 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Taxes Property Taxes Civil City - - - - - 31,357,007 - - - - - - 31,357,007 57,130,137 55% TIF Districts - - - - - 17,705,769 - - - - - - 17,705,769 29,771,076 59% Sub Total - - - - - 49,062,776 - - - - - - 49,062,776 86,901,213 56% Local Income Tax LIT Certified Shares 744,465 744,465 744,465 744,465 744,465 744,465 744,465 744,465 - - - - 5,955,723 8,933,585 67% LIT for Economic Development 1,005,450 1,005,450 1,005,450 1,005,450 1,005,450 1,005,450 1,005,450 1,005,450 - - - - 8,043,603 12,065,405 67% LIT for Public Safety 725,425 725,425 725,425 725,425 725,425 725,425 725,425 725,425 - - - - 5,803,399 8,705,099 67% LIT for Redevelopment 8 8 8 8 8 8 8 8 - - - - 61 92 67% LIT Additional - Supplemental Distrib - - - - 1,760,616 - - - - - - - 1,760,616 1,760,616 100% Sub Total 2,475,348 2,475,348 2,475,348 2,475,348 4,235,964 2,475,348 2,475,348 2,475,348 - - - - 21,563,403 31,464,797 69% Total Taxes 2,475,348 2,475,348 2,475,348 2,475,348 4,235,964 51,538,124 2,475,348 2,475,348 - - - - 70,626,179 118,366,010 60% Intergovernmental Revenue State Shared Revenue Auto Excise Tax - - - - - 1,818,522 - - - - - - 1,818,522 3,831,277 47% Commercial Vehicle Tax - - - - - 477,747 - - - - - - 477,747 822,505 58% Liquor Excise Tax 22,556 - - - - 37,389 - - - - - - 59,945 90,000 67% Liquor Gallonage Tax 71,052 - - 58,872 - - 54,718 - - - - - 184,642 239,165 77% Cigarette Tax - - - - - 122,361 - - - - - - 122,361 272,798 45% Gasoline Tax 557,915 545,448 549,715 554,658 596,187 531,168 585,356 302,627 - - - - 4,223,074 5,829,152 72% Wheel Tax 135,309 114,163 157,569 176,831 202,639 - 379,337 211,340 - - - - 1,377,188 2,100,000 66% PSCDA Tax 265,657 224,381 103,144 272,388 183,129 175,887 - - - - - - 1,224,586 1,500,000 82% State Pension Subsidy - - - - - 5,041,940 - - - - - - 5,041,940 10,076,880 50% Sub Total 1,052,488 883,992 810,428 1,062,749 981,954 8,205,015 1,019,411 513,967 - - - - 14,530,006 24,761,777 59% Local Government Shared Revenue Hotel Motel Tax 1,258,937 - - 200,000 - - 637,500 - - - - - 2,096,437 2,274,437 92% Grants Federal Grants 397,089 527,201 2,683,009 527,979 880,693 29,590,849 460,000 1,188,857 - - - - 36,255,678 46,266,163 78% State Grants - 75,432 - 15,196 - - 105,977 - - - - - 196,605 647,105 30% Sub Total 397,089 602,634 2,683,009 543,175 880,693 29,590,849 565,977 1,188,857 - - - - 36,452,283 46,913,268 78% Other Intergovernmental Staffing Agreements with County - 30,000 - - - - - - - - - - 30,000 30,000 100% Local Government Grants - - - - - - - - - - - - - 55,000 0% Federal Seized Drug - - 70,027 - - - - 758 - - - - 70,785 70,027 101% State Seized Drug - - - 741 - 4,061 - - - - - - 4,802 5,000 96% Sub Total - 30,000 70,027 741 - 4,061 - 758 - - - - 105,587 160,027 66% Total Intergovernmental Revenue 2,708,515 1,516,626 3,563,464 1,806,665 1,862,647 37,799,925 2,222,888 1,703,582 - - - - 53,184,312 74,109,509 72% Licenses & Permits Business Business Licenses 15,490 25,501 16,589 16,519 7,868 7,535 5,295 3,058 - - - - 97,854 104,025 94% Taxi Cab Licensing 21 - 220 1,020 401 - 180 55 - - - - 1,897 2,300 82% Sub Total 15,511 25,501 16,809 17,539 8,269 7,535 5,475 3,113 - - - - 99,751 106,325 94% Nonbusiness Lawn Parking 180 45 560 132 965 100 235 1,856 - - - - 4,073 10,000 41% Engineering 3,975 3,955 5,860 9,835 19,460 7,250 10,110 19,620 - - - - 80,065 156,100 51% Right-of-Way Closures - 100 350 100 175 325 400 375 - - - - 1,825 1,500 122% Park Food Sales Permit - 25 26 53 26 30 26 26 - - - - 213 250 85% Fire Dept-Building Plan Review 874 2,229 2,633 1,565 2,535 1,976 2,940 1,904 - - - - 16,656 24,000 69% Building Department 98,526 86,698 141,787 131,717 169,850 156,395 170,393 160,879 - - - - 1,116,245 1,585,100 70% SBARC - Pet Licenses 1,490 2,300 3,235 2,625 4,435 2,215 2,150 2,605 - - - - 21,055 37,000 57% Sub Total 105,045 95,352 154,451 146,026 197,446 168,291 186,254 187,265 - - - - 1,240,131 1,813,950 68% Total Licenses & Permits 120,555 120,853 171,260 163,566 205,715 175,826 191,729 190,378 - - - - 1,339,882 1,920,275 70% Period Ending: August 31, 2022 19 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Charges for Services General Government Plan Commission Charges 800 100 300 250 100 100 100 200 - - - - 1,950 4,100 48% Copies of Public Records 129 - 26 - - - - - - - - - 154 1,200 13% Historic Preserv Certificate of Approval 40 20 220 240 260 360 160 140 - - - - 1,440 2,000 72% IT Services - - - - - - - - - - - - - - NA Sub Total 969 120 546 490 360 460 260 340 - - - - 3,544 7,300 49% Public Safety Accident Report Copies 7,467 3,554 12,126 7,083 6,681 8,634 6,173 7,839 - - - - 59,556 81,000 74% Traffic Signal Maintenance 8,511 10,921 - 11,855 3,322 1,201 15,250 13,180 - - - - 64,240 249,455 26% EMS Special Event Coverage - 4,740 49,122 6,248 - 13,057 22,469 - - - - - 95,636 150,000 64% Regional Academy Tuition 5,400 2,600 850 1,025 - 850 - 25 - - - - 10,750 20,000 54% River Rescue School Tuition 19,405 (2,800) - 10,700 25,900 11,200 - - - - - - 64,405 90,000 72% Fire Training Center Tuition 505 3,915 1,515 - - - - - - - - - 5,935 50,000 12% Emergency Medical Service 261,028 254,111 364,083 292,212 274,418 295,062 291,290 353,735 - - - - 2,385,938 3,000,000 80% Medicaid Reimbursements - - - - 578,790 - - - - - - - 578,790 443,000 131% EMS for County 164,337 164,337 164,337 - - 493,011 328,674 - - - - - 1,314,696 1,892,852 69% Hazmat Charges - - - - - - - - - - - - - 10,000 0% Police Special Event Coverage - - - - - - 23,894 - - - - - 23,894 15,000 159% Crime Lab Services 925 1,706 875 900 1,063 838 275 - - - - - 6,581 10,000 66% EMS Late Payment Interest - 3,703 1,192 837 1,096 - 2,080 292 - - - - 9,201 15,000 61% Misc Revenue - - - - - - - - - - - - - 500 0% Sub Total 467,578 446,786 594,100 330,860 891,269 823,852 690,106 375,070 - - - - 4,619,621 6,026,807 77% Culture & Recreation Morris Performing Arts Center 22,058 24,638 191,643 66,611 - 176,950 69,090 - - - - - 550,990 985,000 56% Palais Royale Ballroom 4,720 20,484 11,463 17,143 10,114 12,517 14,271 9,052 - - - - 99,765 144,190 69% Parks & Recreation 232,465 209,399 220,174 171,252 304,691 490,627 428,163 566,452 - - - - 2,623,224 3,108,794 84% Lease of Coveleski Stadium - - 274 - - - - - - - - - 274 25,000 1% Century Center 68,058 136,585 196,809 199,327 229,382 194,571 132,031 5,417 - - - - 1,162,179 2,643,452 44% Sub Total 327,302 391,106 620,363 454,333 544,187 874,664 643,555 580,921 - - - - 4,436,431 6,906,436 64% Highways & Streets Sale of Signs/Materials 883 - - 1,270 - 2,879 - - - - - - 5,033 5,500 92% Special Events - - - - - - 10,255 1,940 - - - - 12,195 1,500 813% Sub Total 883 - - 1,270 - 2,879 10,255 1,940 - - - - 17,228 7,000 246% Sanitation Trash Collection/Residential 467,840 498,325 497,781 498,620 500,078 502,489 501,408 502,999 - - - - 3,969,540 5,504,876 72% Trash Collection/Commercial 9,998 10,506 10,511 10,530 10,596 10,667 10,701 10,804 - - - - 84,314 124,680 68% Trash Collection/Apt 2 Units 3,996 4,233 4,260 4,246 4,215 4,234 4,246 4,238 - - - - 33,667 51,950 65% Trash Collection/Apt 3 Units 1,879 1,979 1,993 1,949 1,949 1,963 1,919 1,919 - - - - 15,549 23,897 65% Trash Collection/Apt 4 Units 2,313 2,440 2,478 2,570 2,526 2,554 2,554 2,590 - - - - 20,027 29,092 69% Trash Collection/Seniors - - - - - - - - - - - - - 46,755 0% Trash Collection/Special Pickup 1,580 1,700 2,080 2,940 2,515 2,620 4,150 4,200 - - - - 21,785 32,000 68% Trash Collection/Yard Waste Pickup 40 10 90 60 140 280 120 10 - - - - 750 250 300% Misc/Additional Trash Totes (67) (90) (148) (189) (601) (489) (669) (507) - - - - (2,760) - NA Misc/Return Trip Customer Error 1,130 880 1,390 1,080 880 910 1,150 1,050 - - - - 8,470 10,000 85% Misc/Contamination Fee - - - - 740 1,015 1,660 810 - - - - 4,225 500 845% Misc/Tote Replacement Fee 350 598 450 650 791 1,005 1,295 722 - - - - 5,860 3,000 195% Misc/Trash Start Fee 3,320 2,940 3,510 3,760 3,710 4,230 4,309 4,470 - - - - 30,249 48,000 63% Misc/Yard Waste Totes 108 64 33 71,345 72,146 73,455 73,914 74,680 - - - - 365,744 523,200 70% Sub Total 492,487 523,586 524,426 597,561 599,685 604,933 606,756 607,984 - - - - 4,557,419 6,398,200 71% 20 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Charges for Services Utilities - Water Metered Sales/Residential 655,684 645,891 632,796 633,323 634,827 781,858 888,664 779,913 - - - - 5,652,957 8,534,213 66% Metered Sales/Commercial 188,023 185,869 194,028 193,806 196,396 215,885 225,828 217,758 - - - - 1,617,593 2,708,998 60% Metered Sales/Industrial 25,906 25,142 31,102 28,122 27,842 31,684 29,906 30,321 - - - - 230,026 518,557 44% Metered Sales/Multi Family 103,007 102,043 101,128 100,521 97,293 110,599 119,932 106,103 - - - - 840,626 1,294,174 65% Bulk Sales/Olive St - - - - - - - - - - - - - 7,476 0% Metered Sales/Institution 11,203 11,968 10,909 10,412 10,760 10,830 12,279 11,159 - - - - 89,520 140,287 64% Public Fire Protection 216,186 214,425 217,050 215,834 215,505 216,848 214,873 213,812 - - - - 1,724,532 2,726,802 63% Private Fire Protection 37,837 37,666 37,801 37,676 37,808 37,830 37,517 37,693 - - - - 301,829 512,768 59% Sales to Public Authorities 31,382 29,827 30,862 31,549 38,252 48,339 52,639 46,122 - - - - 308,971 402,036 77% Irrigation Sales 710 152 849 3,453 150,198 244,276 377,392 339,223 - - - - 1,116,255 1,446,969 77% Other Water/Misc Service 12,104 10,211 18,162 16,312 13,230 17,614 15,812 16,556 - - - - 120,001 397,154 30% Backflow Prevention Insp.16,800 12,500 13,825 14,675 17,825 19,750 13,700 19,425 - - - - 128,500 170,026 76% Water Main Extension - - - - - - - - - - - - - - NA Rents From Water Property - - - - - - - - - - - - - - NA Revenue From Cut Off Fees 375 - 375 375 375 375 225 375 - - - - 2,475 5,000 50% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 44,000 0% Water Leak Insurance 85,216 93,374 88,566 88,540 88,644 89,059 88,879 89,216 - - - - 711,494 1,111,911 64% System Development Fee 3,856 436 3,001 4,031 4,283 4,711 3,352 13,854 - - - - 37,522 210,000 18% Sub Total 1,388,288 1,369,506 1,380,455 1,378,629 1,533,239 1,829,657 2,080,997 1,921,531 - - - - 12,882,301 20,230,371 64% Utilities - Sewage Metered Sales/Residential 1,747,223 1,720,245 1,722,884 1,729,106 1,727,829 1,775,503 1,779,743 1,759,675 - - - - 13,962,208 20,052,148 70% Metered Sales/Commercial 626,435 668,879 659,390 662,636 662,423 660,433 673,855 756,674 - - - - 5,370,724 7,576,499 71% Metered Sales/Industrial 526,602 724,506 444,049 524,943 449,322 427,068 489,586 425,377 - - - - 4,011,453 5,401,760 74% Metered Sales/Multi Family 251,249 305,370 260,575 258,684 250,905 256,041 256,181 250,312 - - - - 2,089,316 3,152,406 66% Metered Sales/Institution 27,331 28,021 27,276 26,441 26,877 27,165 29,783 28,057 - - - - 220,952 299,645 74% Sales to Public Authority 80,407 77,689 79,879 79,335 86,792 102,521 110,929 98,958 - - - - 716,511 1,124,666 64% Wholesale Meter/New Carlisle - - - - - - - - - - - - - 255,691 0% Penalties (Forfeit Disc.)- - - - - - - - - - - - - 340,283 0% Dumping Fees 788 928 1,645 1,960 - 6,055 4,550 5,460 - - - - 21,385 23,001 93% Laboratory Service Fees - - - - - - - 1,030 - - - - 1,030 1,560 66% Discharge Permit Fees 500 1,250 2,500 - - 3,500 5,000 750 - - - - 13,500 5,720 236% System Development Fee 8,296 1,083 17,899 7,683 9,294 11,355 2,080 31,335 - - - - 89,025 339,000 26% Sewer Repair Insurance 47,219 51,667 49,076 49,112 49,214 49,464 49,376 49,543 - - - - 394,670 579,500 68% Sewer Repair Deductible 8,086 9,218 8,434 10,614 9,548 10,154 8,109 8,388 - - - - 72,550 80,000 91% UAP Assistance Fee 94,855 95,027 94,545 94,502 94,445 94,627 94,670 94,883 - - - - 757,555 840,000 90% UAP Credit (Contra)(35,000) (35,950) (37,322) (38,572) (41,341) (46,324) (48,605) (50,334) - - - - (333,447) (840,000) 40% RINS Credits - - - - - - - - - - - - - - NA Disconnect Program Fee - - - - - - - - - - - - - - NA Sub Total 3,383,990 3,647,933 3,330,829 3,406,446 3,325,309 3,377,561 3,455,257 3,460,107 - - - - 27,387,433 39,231,879 70% Utilities - Other Storm Water Fees 80,646 89,900 86,029 86,307 86,377 86,871 86,656 86,913 - - - - 689,699 1,147,200 60% Clean Air/ReLeaf (Leaf Pickup)36,205 40,005 37,726 37,730 37,785 37,975 37,901 38,018 - - - - 303,346 451,610 67% Sub Total 116,851 129,904 123,755 124,038 124,162 124,847 124,557 124,930 - - - - 993,045 1,598,810 62% Organic Resources Yard Waste Drop-Off 28,266 1,215 4,626 12,613 6,400 7,950 6,188 7,371 - - - - 74,629 95,501 78% Mulch/Compost Sales 160 288 4,220 11,504 14,746 11,017 6,896 5,129 - - - - 53,959 70,070 77% Sub Total 28,426 1,504 8,846 24,117 21,146 18,966 13,084 12,500 - - - - 128,588 165,571 78% 21 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Charges for Services Animal Resource Center Pet Impound Reclaim Fee 150 305 910 485 470 545 315 630 - - - - 3,810 6,300 60% Pet Adoption Fees 1,422 1,546 2,469 2,504 1,301 1,462 1,350 1,839 - - - - 13,893 25,000 56% Pick Up Fees 80 - - 80 120 40 80 40 - - - - 440 500 88% Pet Micro Chipping 160 320 400 400 500 420 420 440 - - - - 3,060 3,600 85% Vet Expenses 75 160 385 341 406 315 220 302 - - - - 2,204 3,100 71% Pet Euthanasia - 20 - - - 60 - - - - - - 80 100 80% Animal Surrenders 860 640 1,000 1,100 800 1,040 880 1,000 - - - - 7,320 8,000 92% Cremation 263 430 770 730 260 1,090 465 430 - - - - 4,438 2,200 202% Rabies Specimen Prep 30 60 - 30 60 30 30 150 - - - - 390 500 78% Boarding - 240 30 60 10 480 - - - - - - 820 1,000 82% Sub Total 3,040 3,721 5,964 5,730 3,927 5,482 3,760 4,831 - - - - 36,455 50,300 72% Other DCI Staff Contracts 8,297 9,352 134,589 21,140 30,475 - 76,179 50,805 - - - - 330,837 1,438,326 23% Other Misc Charges for Services - - - - - - - - - - - - - 35,000 0% Parking-Garages 70,942 69,500 79,946 49,726 64,296 76,650 27,306 99,319 - - - - 537,685 913,300 59% Parking-Century Center 12,745 6,720 27,565 12,140 3,655 7,825 3,740 - - - - - 74,390 100,000 74% Central Services-Internal Customers 651,692 617,253 792,125 764,995 643,214 801,835 793,237 866,628 - - - - 5,930,979 8,166,626 73% Central Services-External Customers 35,872 34,872 32,507 31,021 36,237 29,161 38,443 32,053 - - - - 270,166 469,375 58% Employee & Employer Assessments 1,379,185 1,360,234 1,370,480 1,356,714 1,409,967 1,370,751 1,337,643 1,384,593 - - - - 10,969,567 16,464,886 67% Sub Total 2,158,732 2,097,930 2,437,212 2,235,736 2,187,845 2,286,222 2,276,548 2,433,398 - - - - 18,113,624 27,587,513 66% Total Charges for Services 8,368,546 8,612,097 9,026,496 8,559,210 9,231,128 9,949,524 9,905,136 9,523,554 - - - - 73,175,689 108,210,187 68% Fines, Forfeitures, & Fees General Ordinance Violation - - - - - - - - - - - - - 5,500 0% Bad Checks Fines - - 24 - - - - 48 - - - - 72 537 13% Court Fees - 1,640 50 - 1,972 - - 1,427 - - - - 5,090 10,000 51% Plan Commission Application Fee 2,300 1,250 1,150 975 1,800 1,200 2,000 2,300 - - - - 12,975 23,250 56% Zoning Appeals Application Fee 650 1,125 1,650 850 650 2,725 725 1,975 - - - - 10,350 11,250 92% Zoning Admin Fees 1,400 1,200 1,400 1,100 1,500 1,400 1,000 1,700 - - - - 10,700 13,950 77% Zoning Admin Fines - - 100 - - - - 580 - - - - 680 - NA Tax Abatement Admin Fees - - 1,935 - - 1,212 250 1,329 - - - - 4,726 10,000 47% Test Filling Fees 450 900 600 900 600 500 500 400 - - - - 4,850 3,950 123% Econ Dev-CDBG Loan Late Fees - - - - - - - - - - - - - - NA Sub Total 4,800 6,115 6,909 3,825 6,522 7,037 4,475 9,759 - - - - 49,443 78,437 63% Code Enforcement Vacant Bldg Registration - 300 - 75 - - - - - - - - 375 12,900 3% Landlord Registration Fee - - - - - - - - - - - - - - NA Rental Unit Safety Fees 750 250 750 850 - - 7,500 12,250 - - - - 22,350 99,900 22% Demolition & Boarding 358 771 301 1,452 300 551 1,665 25,370 - - - - 30,766 45,000 68% Collections 698 - 5 598 - - 878 - - - - - 2,179 10,155 21% Environmental Violations 2,952 9,265 5,315 8,016 2,391 6,567 5,456 8,936 - - - - 48,897 165,000 30% Ordinance Violation 2,216 538 205 700 50 3,550 4,120 260 - - - - 11,639 27,500 42% Animal Ordinance Violation 3,564 208 1,210 (2,867) 4,151 225 3,541 2,553 - - - - 12,584 25,000 50% Forfeitures-Civil Penalties - 1,000 - - - - 1,000 57,504 - - - - 59,504 117,500 51% Sub Total 10,539 12,330 7,785 8,823 6,892 10,893 24,159 106,872 - - - - 188,293 502,955 37% Parking Street Parking Fines 2,270 1,770 4,495 4,020 4,250 5,050 3,404 4,906 - - - - 30,164 52,500 57% 22 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Fines, Forfeitures, & Fees Public Safety False Alarms Fine 16,638 8,585 5,123 5,074 2,800 6,784 6,143 9,854 - - - - 61,000 80,000 76% Noise Ordinance 103 170 179 170 - 200 210 1,750 - - - - 2,782 1,000 278% Curfew Violation - - - - - 171 49 - - - - - 220 200 110% Impound Towing Fees 715 828 697 580 433 930 720 900 - - - - 5,803 10,000 58% Sub Total 17,456 9,583 6,000 5,824 3,233 8,084 7,122 12,504 - - - - 69,806 91,200 77% Total Fines, Forfeitures, & Fees 35,065 29,799 25,189 22,492 20,897 31,064 39,160 134,041 - - - - 337,706 725,092 47% Other Income Miscellaneous Revenue Miscellaneous Revenue 746 76,520 6,636 12,847 24,711 19,353 4,446 2,273 - - - - 147,531 543,720 27% Sale of Scrap Metal - 2,082 1,773 1,542 7,971 - 6,446 1,472 - - - - 21,285 21,185 100% Bond Interest Rebate - - - 18,406 - - - - - - - - 18,406 80,242 23% Origination Fees 4,840 31,243 - - - - - - - - - - 36,083 43,083 84% Loan Servicing Fees 7,000 - 975 - 10,597 10,704 - - - - - - 29,275 15,975 183% Sub Total 12,586 109,844 9,383 32,794 43,278 30,057 10,892 3,745 - - - - 252,579 704,205 36% Bank Account Interest 194,087 65,944 93,291 87,024 104,554 379,237 210,288 949,408 - - - - 2,083,834 1,814,771 115% Rental of Property 5,416 14,663 10,932 1,947 12,685 16,611 13,078 700 - - - - 76,031 121,387 63% Donations 584,444 183,567 92,351 808 68,476 519,435 2,410 690 - - - - 1,452,181 3,926,988 37% 3rd Party Revenue Cable TV Franchise Fees - 163,168 - - 166,031 - 29,348 163,410 - - - - 521,958 700,000 75% Video Franchise Fees - 32,549 - - 30,792 - - - - - - - 63,341 135,000 47% Sub Total - 195,718 - - 196,823 - 29,348 163,410 - - - - 585,299 835,000 70% Total Other Income 796,533 569,737 205,957 122,572 425,816 945,340 266,016 1,117,953 - - - - 4,449,923 7,402,351 60% Reimbursements Miscellaneous Reimbursements 5,303 131,228 63,936 18,650 7,818 42,081 (51,914) 231 - - - - 217,333 223,365 97% Insurance Claim - - - - - 146 - - - - - - 146 20,146 1% IT Services 5,377 5,377 5,377 5,377 5,377 5,377 5,377 5,377 - - - - 43,017 64,525 67% Travel Reimbursement - - - - - - - - - - - - - 200 0% Lamppost Program - - - - - 200 2,850 5,950 - - - - 9,000 8,000 113% Energy Rebates - - - 83,452 - - - - - - - - 83,452 84,607 99% Repair Reimbursement - 75 75 150 - 5 75 150 - - - - 530 20,000 3% Salary/Overtime Reimb 6,230 8,645 12,188 3,117 8,302 13,122 22,931 3,790 - - - - 78,324 387,000 20% Diesel Tax Rebate - - - - - 19,590 - - - - - - 19,590 50,000 39% Pharmacy Rebates 133,067 198,064 20,416 70,512 13,650 30,910 126,371 32,217 - - - - 625,208 475,000 132% Beck's Lake Reimbursement - - - - - 28,418 - - - - - - 28,418 28,418 100% Morris Advertising Reimbursement - - 600 300 - 1,000 - - - - - - 1,900 2,000 95% Sub Total 149,977 343,389 102,591 181,557 35,147 140,848 105,690 47,715 - - - - 1,106,915 1,363,261 81% Departmental Reimbursements - - 4,916 - - - - - - - - - 4,916 245,441 2% Total Reimbursements 149,977 343,389 107,508 181,557 35,147 140,848 105,690 47,715 - - - - 1,111,831 1,608,702 69% Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In 8,902,932 2,862,538 4,535,535 3,654,964 3,067,814 3,080,626 8,657,573 2,897,218 - - - - 37,659,200 52,531,767 72% PILOT 3,039,663 - - - - - 3,039,663 - - - - - 6,079,325 6,079,325 100% Administration Cost Allocation 752,500 752,500 752,500 752,500 752,500 752,500 752,500 752,500 - - - - 6,020,000 9,030,000 67% IT Cost Allocation 801,684 801,684 801,684 801,684 801,684 801,684 801,684 801,684 - - - - 6,413,469 9,620,204 67% Liability Insurance Allocation 280,417 280,417 280,417 280,417 280,417 280,417 280,417 280,417 - - - - 2,243,333 3,365,000 67% Payroll Cost Allocation 216,811 216,811 216,811 216,811 216,811 196,138 203,592 203,592 - - - - 1,687,377 2,601,735 65% Facilities Management Allocation 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 - - - - 106,667 160,000 67% Utility Customer Service Mgmt Allocation 109,977 109,977 109,977 109,977 109,977 109,977 109,977 109,977 - - - - 879,817 1,319,726 67% Sub Total 14,117,317 5,037,260 6,710,258 5,829,686 5,242,536 5,234,674 13,858,738 5,058,721 - - - - 61,089,189 84,707,757 72% 23 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Other Sources Sale of Assets Sale of Capital Assets - - - - - - - - - - - - - - NA Sale of Non-Capital Assets - - 23,500 - - - - - - - - - 23,500 23,500 100% Sale of Property 17,925 - - 4,156 - - - - - - - - 22,081 - NA Other Damage Reimbursement - - - - - - - - - - - - - - NA Vehicle Damage Reimbursement - - - - - - - - - - - - - - NA Hydrant Damage Reimbursement - - - - - - - - - - - - - 500 0% Sub Total 17,925 - 23,500 4,156 - - - - - - - - 45,581 24,000 190% Issuance of Debt Capital Lease Proceeds - - - 166,343 - 8,042,233 - - - - - - 8,208,577 9,208,578 89% Bond Proceeds - - 12,110,000 - - - - - - - - - 12,110,000 12,110,000 100% Premium on Bonds - - 283,690 - - - - - - - - - 283,690 283,690 100% Sub Total - - 12,393,690 166,343 - 8,042,233 - - - - - - 20,602,267 21,602,268 95% Refunds Refunds 240,646 287 1,188 10,760 6,203 12,103 18,305 48 - - - - 289,541 217,197 133% Specific Stop Loss 234 3,927 - - - - - 23,820 - - - - 27,982 10,000 280% Utility Receipts Tax Refund - - - 10,160 - - - - - - - - 10,160 10,160 100% Sub Total 240,880 4,213 1,188 20,920 6,203 12,103 18,305 23,868 - - - - 327,683 237,357 138% Other Sale of Property Held for Resale - - - - - - - - - - - - - - NA Interfund Loan - Principal Income 6,000 220,397 - 6,000 - - 6,000 225,126 - - - - 463,523 469,523 99% Interfund Loan - Interest Income - 26,267 - - - - - 21,538 - - - - 47,805 47,805 100% Other Loan - Principal Income 26,498 10,533 97,475 50,764 26,916 20,387 33,011 330,690 - - - - 596,274 92,604 644% Other Loan - Interest Income 13,593 23,271 23,876 - 23,782 17,948 23,467 6,524 - - - - 132,460 174,718 76% Sub Total 46,091 280,467 121,351 56,764 50,698 38,335 62,477 583,878 - - - - 1,240,062 784,650 158% Total Other Sources 14,422,213 5,321,940 19,249,987 6,077,870 5,299,437 13,327,346 13,939,521 5,666,467 - - - - 83,304,782 107,356,032 78% Revenue Total 29,076,752 18,989,788 34,825,209 19,409,280 21,316,752 113,907,997 29,145,488 20,859,038 - - - - 287,530,305 419,698,158 69% 24 City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget General Fund General Government Mayor 101 75,328 83,108 85,770 112,241 74,701 79,626 83,271 90,901 - - - - 684,944 1,048,915 65% Community Initiatives 101 28,850 228,309 78,411 84,036 178,404 42,430 93,657 30,367 - - - - 764,465 1,526,626 50% Community Police Review Office 101 - - - - - - - - - - - - - 103,199 0% Clerk 101 46,576 41,333 42,787 68,038 35,549 42,164 43,035 48,572 - - - - 368,054 694,547 53% Common Council 101 32,144 37,173 37,057 35,523 51,569 41,332 52,251 56,992 - - - - 344,042 724,941 47% General City 101 67,500 8,329 1,154,152 41,001 292,627 126,036 57,545 1,037,973 - - - - 2,785,163 39,538,000 7% Controller' Office 101 139,766 151,078 143,775 305,549 142,962 237,262 149,839 158,045 - - - - 1,428,274 2,569,304 56% Human Resources 101 43,818 44,184 51,536 53,960 34,563 44,474 55,101 50,632 - - - - 378,267 957,327 40% Diversity & Inclusion 101 38,739 36,167 38,464 41,421 45,452 32,920 15,653 58,423 - - - - 307,239 740,743 41% Human Rights 101 31,753 32,791 28,191 38,866 31,632 24,868 23,190 41,939 - - - - 253,230 462,479 55% Legal 101 101,032 110,529 106,648 150,076 115,841 119,100 123,459 127,007 - - - - 953,692 1,695,716 56% Sub Total 605,508 773,000 1,766,790 930,711 1,003,299 790,211 697,001 1,700,850 - - - - 8,267,370 50,061,797 17% Public Works Engineering 101 229,205 230,682 222,892 299,976 231,648 238,206 231,981 252,710 - - - - 1,937,299 3,572,616 54% Sub Total 229,205 230,682 222,892 299,976 231,648 238,206 231,981 252,710 - - - - 1,937,299 3,572,616 54% Public Safety Police 101 2,437,107 2,264,379 2,350,301 2,936,898 2,263,068 2,450,506 2,377,981 2,381,426 - - - - 19,461,667 31,263,638 62% Crime Lab 101 48,512 52,110 50,720 70,598 47,686 46,419 53,877 62,230 - - - - 432,152 869,889 50% Fire 101 2,089,089 2,075,047 2,148,267 2,791,929 2,140,674 2,112,918 2,061,564 2,241,956 - - - - 17,661,445 26,372,790 67% EMS 101 56,097 64,095 52,178 65,731 31,047 51,891 33,319 63,734 - - - - 418,092 843,828 50% Fire Training Center 101 3,535 5,188 4,907 9,783 5,697 6,674 2,683 3,386 - - - - 41,852 123,630 34% Sub Total 4,634,340 4,460,818 4,606,374 5,874,938 4,488,172 4,668,407 4,529,424 4,752,733 - - - - 38,015,207 59,473,774 64% Community Investment Sustainability 101 1,808 546 864 6,877 - 50,000 6,000 - - - - - 66,095 101,458 65% Sub Total 1,808 546 864 6,877 - 50,000 6,000 - - - - - 66,095 101,458 65% Arts & Culture Morris Performing Arts Center 101 606,600 6,248 18,653 1,332 1,332 500 500 - - - - - 635,165 656,962 97% Palais Royale Ballroom 101 18,879 15,936 22,663 14,606 17,856 12,980 11,603 10,811 - - - - 125,335 229,403 55% Sub Total 625,479 22,184 41,316 15,938 19,188 13,480 12,103 10,811 - - - - 760,499 886,365 86% Total General Fund 6,096,339 5,487,230 6,638,236 7,128,441 5,742,307 5,760,304 5,476,509 6,717,104 - - - - 49,046,471 114,096,009 43% Venues, Parks & Arts Parks & Recreation Park Administration 201 84,642 86,965 89,965 110,763 89,854 67,166 84,488 90,873 - - - - 704,717 1,133,336 62% Park Maintenance 201 606,620 558,304 565,318 662,295 522,144 710,069 904,011 772,862 - - - - 5,301,624 9,202,281 58% Golf Courses 201 94,822 83,034 118,212 213,841 239,335 175,201 216,929 199,389 - - - - 1,340,762 1,856,271 72% Recreational Experiences 201 281,368 187,364 209,056 230,371 (30,817) 239,566 246,054 241,210 - - - - 1,604,173 2,480,739 65% Community Programming 201 19,885 16,938 19,915 18,438 461,164 98,794 100,231 103,762 - - - - 839,127 1,627,786 52% Development & Promotions 201 107,817 49,551 65,886 87,779 77,460 107,271 72,791 83,089 - - - - 651,645 1,119,622 58% Park Projects & Capital 201 46,375 41,431 9,639 80,550 34,374 105,297 - 20,817 - - - - 338,482 1,696,920 20% Potawatomi Zoo 201 350,150 150 150 150 350,150 150 150 150 - - - - 701,202 701,803 100% Park Debt 201 - 4,400 - - - - - - - - - - 4,400 5,000 88% Morris Palais Marketing 273 74,852 - - - - - - - - - - - 74,852 100,000 75% Morris PAC Self-Promotion 274 264,160 - - - - - - - - - - - 264,160 410,000 64% Coveleski Stadium Capital 401 - 6,962 - - 2,017 450 4,504 - - - - - 13,932 25,715 54% Professional Sports Convention Dev. Area 413 - 664,810 263,005 63,210 11,408 7,605 3,803 25,000 - - - - 1,038,840 3,602,900 29% Morris PAC Improvement 416 17,030 - 416,519 37,250 23,525 185,794 1,197,655 157,163 - - - - 2,034,935 8,475,984 24% Palais Historic Preservation 450 - - - - - - - - - - - - - 35,000 0% Morris Performing Arts Center Operations 602 97,320 96,327 107,667 119,650 64,730 71,628 73,745 84,515 - - - - 715,581 1,683,579 43% Sub Total 2,045,042 1,796,235 1,865,332 1,624,298 1,845,343 1,768,991 2,904,361 1,778,831 - - - - 15,628,433 34,156,937 46% Parking Garages Parking Enforcement 601 62 62 162 182 62 (279) 62 92 - - - - 402 1,038 39% Parking General Operations 601 66,240 29,086 39,179 32,988 27,535 14,525 23,892 28,725 - - - - 262,170 579,121 45% Main Street Garage 601 6,862 46,676 11,475 2,541 53,830 6,196 6,498 4,823 - - - - 138,900 309,407 45% Leighton Plaza Garage 601 8,705 45,413 13,786 6,454 47,656 5,716 6,343 6,055 - - - - 140,128 271,422 52% Wayne Street Garage 601 4,888 45,943 8,929 5,910 45,004 7,147 5,272 3,371 - - - - 126,464 252,507 50% Sub Total 86,757 167,179 73,529 48,074 174,087 33,306 42,066 43,066 - - - - 668,064 1,413,495 47% Period Ending: August 31, 2022 25 City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Century Center Century Center Operations 670 227,604 299,954 342,643 367,940 304,774 316,147 262,360 90,481 - - - - 2,211,902 4,094,958 54% Century Center Capital 671 - - - - - - - - - - - - - 35,000 0% Century Center Energy Saving 672 - - - 200,952 - - - - - - - - 200,952 402,368 50% Sub Total 227,604 299,954 342,643 568,892 304,774 316,147 262,360 90,481 - - - - 2,412,854 4,532,326 53% Total Venues, Parks & Arts 2,359,402 2,263,369 2,281,504 2,241,264 2,324,204 2,118,444 3,208,786 1,912,377 - - - - 18,709,352 40,102,758 47% Public Safety Police Department Police Seizures 216 - - - - - - - - - - - - - 44,500 0% Curfew Violations 218 13,888 - - - - - 171 - - - - - 14,059 18,799 75% Law Enforcement Education 220 37,418 62,683 66,514 50,473 35,028 125,512 27,409 48,549 - - - - 453,586 523,568 87% Public Safety Local Income Tax - Police 249 488,040 488,040 488,040 732,060 488,040 488,040 488,040 488,040 - - - - 4,148,340 6,344,523 65% Police Take Home Vehicle 278 - - - - - - - - - - - - - 50,000 0% Police Block Grant 280 4,165 - - - - - - - - - - - 4,165 4,338 96% Police Grants 292 26,716 - - - - - - - - - - - 26,716 26,716 100% Police Academy 294 146,411 - - - - - - - - - - - 146,411 175,000 84% COPS MORE Grants 295 24,566 - - - - - - - - - - - 24,566 145,808 17% Drug Enforcement 299 - - - - 9,692 24,453 9,999 - - - - - 44,144 78,500 56% K-9 Unit 705 2,436 - - - - - - - - - - - 2,436 2,520 97% Sub Total 743,640 550,723 554,554 782,533 532,760 638,004 525,619 536,589 - - - - 4,864,422 7,414,273 66% Fire Department Public Safety Local Income Tax - Fire 249 488,040 488,040 488,040 732,060 488,040 488,040 488,040 488,040 - - - - 4,148,340 6,344,524 65% Fire Department Capital 287 567,083 - - - 807,991 - 709,583 - - - - - 2,084,657 6,798,339 31% Haz-Mat 289 - - - - - - - 200 - - - - 200 10,000 2% Indiana River Rescue 291 6,946 22,300 7,181 3,339 14,005 10,816 15,278 13 - - - - 79,878 99,359 80% Sub Total 1,062,069 510,340 495,221 735,399 1,310,036 498,856 1,212,901 488,253 - - - - 6,313,074 13,252,222 48% Total Public Safety 1,805,709 1,061,063 1,049,776 1,517,931 1,842,796 1,136,860 1,738,520 1,024,841 - - - - 11,177,497 20,666,495 54% Public Works Streets Motor Vehicle Highway 202 1,398,252 764,390 781,157 955,629 616,439 344,763 914,864 452,597 - - - - 6,228,090 11,856,151 53% Local Road & Street 251 20,092 2,268 110,904 458,466 209,220 88,393 104,405 61,444 - - - - 1,055,192 3,656,900 29% LOIT 2016 Special Distribution 257 - - - - - - - - - - - - - 56,950 0% Local Road & Bridge Grant 265 - 197,847 - 12,698 130,582 98,617 - 137,189 - - - - 576,933 2,923,443 20% MVH Restricted Fund 266 37,790 7,307 478,294 27,213 92,024 728,220 574,436 907,452 - - - - 2,852,736 5,070,313 56% Major Moves 412 - 867 43,822 - - 17,712 - 81,558 - - - - 143,958 1,789,238 8% Project ReLeaf 655 38,751 29,271 65,638 29,323 29,536 29,423 29,278 29,472 - - - - 280,693 449,708 62% Sub Total 1,494,885 1,001,950 1,479,815 1,483,328 1,077,802 1,307,128 1,622,982 1,669,712 - - - - 11,137,602 25,802,703 43% Solid Waste Solid Waste Operations 610 655,522 626,031 1,153,359 689,386 593,493 657,211 862,205 605,343 - - - - 5,842,549 7,106,763 82% Solid Waste Capital 611 203,562 - 758,270 76,259 128,665 - 368,254 - - - - - 1,535,010 3,463,022 44% Sub Total 859,084 626,031 1,911,629 765,645 722,159 657,211 1,230,459 605,343 - - - - 7,377,559 10,569,785 70% Water Works Water Works Operations 620 2,704,987 1,726,045 2,459,159 1,833,043 1,445,993 1,748,993 2,780,278 1,738,069 - - - - 16,436,566 24,213,606 68% Water Works Capital 622 76,443 54,469 116,951 54,685 257,304 13,600 334,920 38,196 - - - - 946,567 12,735,287 7% Water Works Sinking (Debt Service)625 - 500 - - - 194,623 - 600 - - - - 195,723 2,662,430 7% Sub Total 2,781,430 1,781,014 2,576,110 1,887,727 1,703,298 1,957,216 3,115,197 1,776,865 - - - - 17,578,856 39,611,323 44% Wastewater/Sewer/Organic Resources Sewer Repair Insurance 640 53,257 53,984 139,898 72,885 72,678 77,477 37,971 98,568 - - - - 606,717 753,069 81% Sewer Division 641 542,054 435,590 1,970,000 489,545 439,521 440,074 481,262 466,920 - - - - 5,264,965 7,988,649 66% Concrete Crew 641 46,554 43,557 38,540 47,380 46,674 38,089 36,441 44,690 - - - - 341,926 558,385 61% Wastewater Operations 641 4,632,060 2,192,494 2,272,603 2,408,207 2,253,710 2,410,609 4,475,990 2,272,056 - - - - 22,917,728 35,630,625 64% Organic Resources 641 165,677 74,217 100,962 140,757 83,538 125,490 158,487 178,527 - - - - 1,027,655 1,548,840 66% Sewage Works Capital 642 - - 726,313 1,441,592 21,374 8,786 121,909 255,282 - - - - 2,575,256 14,614,348 18% Sewage Works Sinking (Debt Service)649 1,100 - 28,000 750 603,846 - - - - - - - 633,696 11,107,089 6% Sub Total 5,440,702 2,799,843 5,276,316 4,601,115 3,521,341 3,100,524 5,312,060 3,316,042 - - - - 33,367,942 72,201,004 46% 26 City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Storm Water Fees Storm Sewer Fund 667 2,385 10,083 86,430 878 108,249 117,215 89,427 71,912 - - - - 486,579 2,271,456 21% Sub Total 2,385 10,083 86,430 878 108,249 117,215 89,427 71,912 - - - - 486,579 2,271,456 21% Total Public Works 10,578,486 6,218,919 11,330,299 8,738,694 7,132,848 7,139,294 11,370,124 7,439,874 - - - - 69,948,538 150,456,271 46% Department of Community Investment Studebaker/Oliver Revitalizing Grant 209 - - 2,717 2,064 150 2,258 - - - - - - 7,188 262,443 3% Economic Development State Grants 210 - 5,649 4,332 82,625 30,449 57,620 7,005 (55,705) - - - - 131,976 604,236 22% DCI Operating 211 254,919 275,336 284,453 424,061 319,298 283,392 312,636 362,723 - - - - 2,516,818 5,759,541 44% DCI Grants 212 74,337 82,586 194,358 238,384 111,485 269,112 130,622 141,620 - - - - 1,242,505 9,443,375 13% Unsafe Building 219 700 1,510 - 3,440 1,470 - 600 3,270 - - - - 10,990 23,000 48% Rental Units Regulation 221 10,065 11,650 9,127 7,930 4,566 5,362 4,888 4,891 - - - - 58,479 450,794 13% Neighborhood Services & Enforcement 230 234,472 186,104 198,925 239,355 194,183 165,482 464,678 209,002 - - - - 1,892,201 3,961,606 48% Animal Resource Center 230 67,272 68,101 76,129 107,834 72,720 72,413 83,481 70,623 - - - - 618,574 1,167,829 53% UDAG 410 6,000 - - 6,000 - - 6,000 - - - - - 18,000 24,000 75% Building Dept Operations 600 173,560 143,680 146,873 185,990 147,383 143,107 158,223 154,451 - - - - 1,253,268 2,046,854 61% Industrial Revolving Fund 754 123,432 2,272,544 441,050 75,093 621,545 62,283 841,830 30,308 - - - - 4,468,084 4,918,709 91% Total Dept of Community Investment 944,756 3,047,161 1,357,964 1,372,777 1,503,250 1,061,029 2,009,964 921,182 - - - - 12,218,082 28,662,385 43% Capital & Debt Service Funds 2017 Park Bond Debt Service 312 572,683 - - - - - 596,683 - - - - - 1,169,365 1,169,368 100% 2018 Fire Station #9 Debt Service 350 172,866 - - - - - 171,291 - - - - - 344,156 344,157 100% Local Income Tax - Certified Shares 404 1,470,173 1,635,497 801,893 688,487 1,221,008 1,397,020 2,215,614 1,187,350 - - - - 10,617,044 17,596,408 60% Cumulative Capital Development 406 40,076 11,974 11,974 60,515 119,235 11,974 40,077 11,974 - - - - 307,798 512,428 60% Cumulative Capital Improvement 407 19,946 19,945 19,945 25,947 19,945 25,945 20,446 20,745 - - - - 172,865 489,341 35% Local Income Tax - Economic Develop.408 889,690 734,084 1,029,366 797,333 779,490 1,044,863 1,351,156 813,985 - - - - 7,439,967 29,782,859 25% 2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital 453 - - 318,188 - - - - 133,460 - - - - 451,648 5,891,800 8% 2021 Infrastructure Bond Capital 455 - 33,466 170,828 79,445 768,998 158,391 - 3,600 - - - - 1,214,727 3,815,260 32% 2017 Park Bond Capital 471 - 111,492 68,518 35,501 44,948 63,959 108,332 356,012 - - - - 788,763 4,264,527 18% Equipment / Vehicle Leasing 750 - - 347,697 - - - - - - - - - 347,697 347,697 100% Redevelopment Authority Debt Service 752 - 1,231,178 - - 365,763 - - 1,421,724 - - - - 3,018,665 3,044,328 99% South Bend Building Corporation 755 - 1,388,778 - - - - - 1,358,239 - - - - 2,747,016 2,751,956 100% 2015 Smart Streets Bond Debt Service 756 - 853,784 - 1,650 - - - 855,909 - - - - 1,711,344 1,711,694 100% 2015 Park Bond Debt Service 757 - 187,141 - - - - - 185,416 - - - - 372,556 372,557 100% 2017 Eddy St. Commons Bond Capital 759 - - - - - - - - - - - - - - NA 2017 Eddy St. Commons Bond Debt 760 - 962,625 - - - - - 963,750 - - - - 1,926,375 1,926,375 100% Total Capital & Debt Service 3,165,433 7,169,965 2,768,409 1,688,878 3,319,386 2,702,153 4,503,598 7,312,164 - - - - 32,629,986 74,020,755 44% Internal Service Funds Central Services Equipment Services 222 763,846 748,148 701,554 935,944 695,495 884,730 658,318 977,172 - - - - 6,365,207 7,945,303 80% Radio Shop 222 15,590 14,629 14,783 19,617 14,714 15,217 14,652 14,664 - - - - 123,867 283,073 44% Building Maintenance 222 12,506 11,754 7,862 5,180 6,163 17,217 18,402 17,227 - - - - 96,310 221,091 44% Facilities Management 222 14,890 6,925 6,557 6,557 6,557 14,019 14,019 14,019 - - - - 83,542 181,838 46% Central Services Capital 222 - 2,256 - 26,750 22,400 - - 4,770 - - - - 56,176 242,425 23% Subtotal 806,831 783,711 730,755 994,048 745,329 931,183 705,392 1,027,852 - - - - 6,725,102 8,873,729 76% Liability Insurance Business Insurance 226 38,439 24,555 - 597 8,979 35,516 1,038,175 29,323 - - - - 1,175,584 1,431,000 82% Liability Insurance 226 4,030 13,597 52,521 23,093 18,973 66,683 20,304 112,480 - - - - 311,682 3,700,754 8% Workers Compensation 226 218,111 1,581 253,259 (79,565) 12,250 903 182,831 157,289 - - - - 746,658 1,268,000 59% Catastrophic Events 226 364 115 - - - - - - - - - - 479 103,324 0% Subtotal 260,944 39,848 305,780 (55,875) 40,201 103,102 1,241,310 299,092 - - - - 2,234,403 6,503,078 34% IT / Innovation /311 Call Center 279 796,631 859,083 942,872 588,074 830,736 569,592 886,722 726,880 - - - - 6,200,590 11,054,062 56% Self-Funded Employee Benefits 711 1,355,367 1,263,751 1,489,383 1,246,889 1,114,825 1,691,892 1,294,547 1,777,308 - - - - 11,233,962 18,399,864 61% Unemployment Compensation 713 611 1,625 5,072 683 15,403 1,798 1,300 25 - - - - 26,517 80,000 33% Parental Leave 714 6,041 9,818 7,200 6,645 4,664 2,647 7,124 18,756 - - - - 62,894 253,846 25% Total Internal Service Funds 3,226,425 2,957,837 3,481,062 2,780,464 2,751,159 3,300,214 4,136,395 3,849,913 - - - - 26,483,469 45,164,579 59% 27 City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: August 31, 2022 Other Miscellaneous Gift, Donation, Bequest 217 16,100 51,404 16,192 26,520 12,895 21,740 26,657 11,564 - - - - 183,070 740,289 25% Loss Recovery 227 - - - - - - - - - - - - - - NA Human Rights Federal Grants 258 14,958 15,083 19,199 20,837 14,972 20,774 19,588 19,295 - - - - 144,706 248,783 58% American Rescue Plan 263 1,859,986 28,704 5,240 65,650 68,700 44,550 - 121,510 - - - - 2,194,340 13,510,000 16% COVID-19 Response 264 57,024 41,280 72,156 26,081 24,700 80,693 29,170 37,893 - - - - 368,999 1,166,853 32% Sub Total 1,948,068 136,471 112,787 139,088 121,267 167,757 75,415 190,261 - - - - 2,891,115 15,665,925 18% Fiduciary Funds Fire Pension 701 344,630 342,637 340,526 340,863 348,534 338,342 348,205 342,273 - - - - 2,746,010 4,583,888 60% Police Pension 702 504,789 504,920 502,540 502,830 489,753 497,709 498,526 492,032 - - - - 3,993,100 6,057,740 66% Sub Total 849,419 847,558 843,066 843,693 838,287 836,050 846,731 834,306 - - - - 6,739,110 10,641,628 63% Total Other 2,797,487 984,029 955,854 982,781 959,554 1,003,808 922,146 1,024,567 - - - - 9,630,225 26,307,553 37% Total Civil City 30,974,038 29,189,572 29,863,104 26,451,229 25,575,504 24,222,105 33,366,041 30,202,024 - - - - 229,843,619 499,476,804 46% Redevelopment Commission Controlled Funds Tax Increment Financing Funds TIF River West Development Area 324 4,399,775 339,849 624,965 283,199 725,987 711,470 4,535,785 922,057 - - - - 12,543,088 25,072,985 50% TIF West Washington 422 - - - - - - - 44,448 - - - - 44,448 228,561 19% TIF River East Development Area 429 27,053 83,420 118,016 17,856 3,000 353,022 3,600 95,507 - - - - 701,474 8,178,801 9% TIF Southside Development #1 430 51,507 1,494 6,950 2,351 509,917 359,835 143,257 180,197 - - - - 1,255,507 9,973,505 13% TIF Douglas Road 435 178,553 - - - 1,308 - 30,594 - - - - - 210,455 284,630 74% TIF River East Residential Area 436 2,195,625 246,664 - - - 1,500 2,200,750 246,664 - - - - 4,891,203 4,921,704 99% Sub Total 6,852,513 671,427 749,932 303,406 1,240,212 1,425,827 6,913,986 1,488,873 - - - - 19,646,176 48,660,186 40% Redevelopment Funds Redevelopment General 433 110,000 3,675 1,750 1,750 41,667 86,900 541,400 - - - - - 787,142 1,141,283 69% Certified Technology Park 439 - - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital 452 - - - - - 15,662 7,546 - - - - - 23,208 2,389,024 1% Airport Urban Enterprise Zone 454 - - - - - - - - - - - - - - NA Sub Total 110,000 3,675 1,750 1,750 41,667 102,562 548,946 - - - - - 810,350 3,530,307 23% Debt Service Funds 2019 South Shore Double Tracking Res.352 - 516,625 - - - - - 513,125 - - - - 1,029,750 1,029,750 100% 2020 TIF Library Bond Debt Reserve 353 - 8 - - - - - 8 - - - - 16 - NA Sub Total - 516,633 - - - - - 513,133 - - - - 1,029,766 1,029,750 100% Total Redevelopment Funds 6,962,513 1,191,735 751,682 305,156 1,281,879 1,528,389 7,462,932 2,002,006 - - - - 21,486,292 53,220,243 40% Total Expenditures 37,936,551 30,381,307 30,614,786 26,756,386 26,857,383 25,750,494 40,828,973 32,204,030 - - - - 251,329,911 552,697,047 45% 28 Civil City Debt Capital Leases 158 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 17 2018 N/A 2022 279 Monthly 9,092 1,481 - 1,481 21 1,502 - 171 2018 Vehicle/Equip Lease #1 (PNC) Sched 1 2018 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 & 2 2018 N/A 2023 279 Monthly 297,967 103,126 - 63,768 3,708 67,476 39,358 174 2018 HP Computer Lease 18 2018 N/A 2022 279 Monthly 214,471 49,194 - 49,194 1,181 50,375 - 177 2018 Vehicle/Equip Lease #2 2018 N/A 2023 Various Biannual 522,878 217,002 - 106,781 6,089 112,870 110,221 178 2018 Fitness Equipment Lease 2018 N/A 2023 201 Annual 205,473 84,925 - 41,164 5,359 46,522 43,761 180 2018 HP Computer Lease 19 2018 N/A 2023 279 Monthly 36,860 11,894 - 11,894 377 12,272 - 181 2019 Dell Computer Equipment Lease 2019 N/A 2022 279 Biannual 7,984 1,704 - 1,704 123 1,827 - 182 2019 Vehicle/Equip Lease #1 2019 N/A 2024 Various Biannual 1,472,985 755,651 - 297,131 15,545 312,676 458,520 183 2018 Golf Cart Lease 2018 N/A 2022 201 Annual 146,287 32,180 - 32,180 1,609 33,789 - 184 2019 Dell Computer Equipment Lease 2 2019 N/A 2023 279 Annual 51,468 21,695 - 10,654 788 11,442 11,041 185 2019 AT&T Lease 5 2019 N/A 2022 279 Monthly 17,310 1,543 - 1,543 13 1,556 - 186 2019 Golf Cart Lease 2019 N/A 2023 201 Annual 168,970 72,569 - 35,399 3,628 39,028 37,169 187 2018 HP Computer Lease 21 2019 N/A 2023 279 Monthly 237,388 123,173 - 54,540 4,905 59,445 68,633 188 2019 AT&T Lease 6 2019 N/A 2022 279 Monthly 8,755 1,295 - 1,295 16 1,311 - 189 2019 AT&T Lease 7 2019 N/A 2022 279 Monthly 5,400 799 - 799 10 809 - 190 2019 Canon Copier Lease 3 2019 N/A 2023 279 Monthly 5,584 2,350 - 1,255 89 1,344 1,095 191 2019 Canon Copier Lease 4 2019 N/A 2023 279 Monthly 3,514 1,422 - 885 51 936 537 192 2019 Canon Copier Lease 5 2019 N/A 2023 279 Monthly 9,249 3,686 - 2,427 129 2,556 1,260 193 2019 Canon Copier Lease 6 2019 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 20 2019 N/A 2023 279 Monthly 24,205 13,031 - 5,604 554 6,159 7,426 197 2019 Lease of SmartNet & VOIP 2019 N/A 2022 279 Annual 286,353 97,347 - 97,347 1,947 99,294 - 198 2019 AT&T Lease 8 2019 N/A 2022 279 Monthly 6,034 1,940 - 1,940 49 1,989 - 199 2019 AT&T Lease 9 2019 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 22 2020 N/A 2024 279 Monthly 39,800 22,899 - 8,976 877 9,853 13,923 203 2020 VLocker Equipment Lease Purchase 2020 N/A 2025 201 Annual 86,961 62,126 - 12,814 1,313 14,126 49,312 204 2020 AT&T Lease 10 2020 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 23 2020 N/A 2024 279 Monthly 29,652 18,635 - 6,616 567 7,184 12,019 207 2020 Dell Computer Equipment Lease 6 2020 N/A 2023 279 Annual 217,111 108,453 - 53,049 4,817 57,865 55,405 208 2020 Canon Copier Lease 7 2020 N/A 2023 279 Monthly 3,575 1,836 - 1,213 47 1,260 623 209 2020 Vehicle/Equip Lease #1 2020 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 8 2020 N/A 2023 279 Monthly 5,625 3,312 - 2,068 92 2,160 1,244 213 2021 Canon Copier Lease 9 2021 N/A 2023 279 Monthly 2,566 1,845 - 1,025 103 1,128 820 214 2021 Network Solutions Cisco Infrastructure Lease 2021 N/A 2025 279 Annual 900,000 682,171 - 164,926 15,260 180,186 517,245 216 2021 Dell Computer Equipment Lease 7 2021 N/A 2025 279 Annual 529,046 415,089 - 97,963 15,994 113,957 317,125 217 2021 Dell Computer Equipment Lease 8 2021 N/A 2024 279 Annual 214,222 157,550 - 50,517 6,155 56,672 107,032 218 2021 Vehicle/Equip Lease #1 2021 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 Lease 2022 N/A 2026 279 Annual 166,343 - 166,343 39,571 527 40,098 126,773 223 2022 Canon Copier Lease 10 2022 N/A 2023 279 Monthly 8,251 - 8,251 3,731 364 4,095 4,520 224 2022 Dell Computer Equipment Lease 9 2022 N/A 2025 279 Annual 202,985 - 202,985 57,654 - 57,654 145,331 225 2022 Vehicle/Equip Lease 2022 N/A 2027 Various Biannual 8,042,233 - 8,042,233 829,763 19,416 849,179 7,212,470 Total Civil City Capital Lease Debt 34,578,360 14,566,490 8,419,813 6,297,458 249,254 6,546,713 16,688,844 2022 Interest City of South Bend Fiscal Year 2022 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2022 Total Debt Payments Debt at 12/31/22Pmts Amount Issued Debt at 1/1/22 2022 Additions 2022 Principal 29 2022 Interest City of South Bend Fiscal Year 2022 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2022 Total Debt Payments Debt at 12/31/22Pmts Amount Issued Debt at 1/1/22 2022 Additions 2022 Principal Bonds 25 2012 Water Works Refunding Revenue Bonds 2002 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 B 2009 2019 2030 625 Biannual 2,814,257 2,814,257 - 124,257 161,117 285,374 2,690,000 80 2020 Sewage Works Revenue Bonds Refunding 2010 2010 2020 2030 649 Biannual 4,830,000 4,290,000 - 405,000 171,600 576,600 3,885,000 99 2012 Water Works Revenue Bonds 2012 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 Bonds 2013 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 Bonds 2014 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 Bonds 2015 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 Bonds 2016 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-K 2017 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 Bonds 2022 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 Civil City Bond Debt 207,331,953 118,443,154 12,110,000 12,122,955 4,241,897 16,364,852 118,430,199 Interfund Loan 82 2010 Interfund Loan from Fund 404 to UDAG Fund 410 2010 N/A 2026 410 Biannual 2,700,000 356,253 - 24,000 - 24,000 332,253 84 2013 Major Moves-Triangle Development Interfund Loan 2011 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 Loan 2011 2013 2026 436 Biannual 3,942,529 716,123 - 340,838 31,598 372,436 375,285 Total Civil City Interfund Loan Debt 8,200,579 1,908,735 - 469,523 47,805 517,328 1,439,212 Loan Payable 68 2009 Water Works Improvements - State Revolving Fund 2009 N/A 2030 625 Biannual 427,400 220,712 - 24,682 7,438 32,120 196,030 139 2015 Century Center Energy QECB Conservation Bond 2015 N/A 2031 672 Biannual 4,167,897 3,079,026 - 297,175 105,192 402,367 2,781,851 Total Civil City Loan Payable Debt 4,595,297 3,299,738 - 321,857 112,630 434,487 2,977,881 Total Civil City Debt 254,706,190 138,218,117 20,529,813 19,211,794 4,651,586 23,863,380 139,536,136 Redevelopment Commission Debt Capital Leases 13 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 Debt 2,510,278 717,014 - 166,202 33,798 200,000 550,812 Revenue Bonds 5 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 Bonds 2019 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 Bonds 2020 N/A 2037 324 Biannual 4,225,000 4,150,000 - 220,000 106,015 326,015 3,930,000 Total Redevelopment Revenue Bond Debt 124,075,000 74,250,000 - 7,215,000 2,702,230 9,917,230 67,035,000 Total Redevelopment Commission Debt 126,585,278 74,967,014 - 7,381,202 2,736,028 10,117,230 67,585,812 Total Debt 381,291,468 213,185,131 20,529,813 26,592,996 7,387,614 33,980,610 207,121,948 30 City of South Bend Staffing Headcount Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 8 9 9 9 8 8 9 9 9 - - - - Community Initiatives 6 4 4 5 5 4 4 5 5 - - - - Community Police Review Board 1 - - - - - - - - - - - - City Clerk 5 3 4 5 3 5 5 5 5 - - - - Common Council 9 9 9 9 9 9 9 9 9 - - - - Controller's Office 21 17 17 17 17 18 18 18 16 - - - - Human Resources 8 5 5 4 2 5 5 5 6 - - - - Diversity & Inclusion 3 3 3 3 1 1 1 1 1 - - - - Human Rights 4 4 3 3 4 3 3 4 4 - - - - Legal Department 13 10 9 11 11 11 11 11 10 - - - - Engineering 25 23 23 23 22 22 23 23 22 - - - - Police Department 276 270 260 257 265 262 260 266 270 - - - - Police Crime Lab 7 6 6 6 5 5 6 7 8 - - - - Fire Department 265 251 243 247 249 249 249 245 249 - - - - EMS 4 4 4 4 4 4 4 4 4 - - - - 655 618 599 603 605 606 607 612 618 - - - - 201 - Parks & Recreation Administration 5 5 6 6 6 6 6 6 5 - - - - Maintenance 43 43 47 46 45 46 46 47 44 - - - - Golf Courses 9 7 7 7 7 7 8 8 8 - - - - Recreational Experiences 10 10 10 10 10 10 10 10 17 - - - - Community Programming 14 11 7 7 7 7 7 7 - - - - - Development & Promotions 7 7 6 7 7 8 8 8 8 - - - - 88 83 83 83 82 84 85 86 82 - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 51 52 50 52 50 48 47 48 50 - - - - Curb & Sidewalk 8 7 8 8 8 8 7 7 8 - - - - 59 59 58 60 58 56 54 55 58 - - - - 211 - Dept of Community Investment Operating Community Investment 37 28 28 28 27 28 30 29 29 - - - - Historic Preservation 2 2 2 2 2 2 2 2 2 - - - - Office of Sustainability 2 1 1 1 1 1 1 1 1 - - - - 41 31 31 31 30 31 33 32 32 - - - - August 31, 2022 31 City of South Bend Staffing Headcount August 31, 2022 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 221 - Rental Units Regulation Rental Unit Inspection 5 2 1 1 1 1 1 1 1 - - - - 222 - Central Services Equipment Services 31 26 26 26 24 24 23 24 25 - - - - Radio Shop 3 2 2 2 2 2 2 2 2 - - - - Building Maintenance 3 2 1 - - 3 3 3 3 - - - - Facilities Management 1 - - - - 1 1 1 1 - - - - 38 30 29 28 26 30 29 30 31 - - - - 230 - Code Enforcement Fund Neighborhood Services 20 20 20 19 19 17 16 15 16 - - - - Animal Resource Center 9 7 8 9 8 8 8 9 9 - - - - 29 27 28 28 27 25 24 24 25 - - - - 258 - Human Rights Federal Grants EEOC 1 1 1 1 1 1 1 1 1 - - - - HUD 1 1 1 1 1 1 1 1 - - - - - 2 2 2 2 2 2 2 2 1 - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center 8 8 8 8 8 8 8 8 8 - - - - Innovation & Technology 24 22 21 21 21 20 20 20 21 - - - - 32 30 29 29 29 28 28 28 29 - - - - 600 - Consolidated Building Fund Building Department 16 15 15 15 14 14 16 16 14 - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 9 9 8 6 5 6 6 6 6 - - - - 610 - Solid Waste Solid Waste 25 23 24 24 24 24 24 23 25 - - - - 620 - Water Works Water Works 68 62 61 62 59 58 60 59 62 - - - - 640 - Sewer Insurance Sewer Repair 2 2 2 2 2 2 2 2 2 - - - - 32 City of South Bend Staffing Headcount August 31, 2022 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 641 - Sewage Works Sewers 35 36 34 33 32 35 34 34 37 - - - - Concrete Crew 4 5 4 4 4 4 3 4 3 - - - - Wastewater 44 39 42 42 41 39 39 40 43 - - - - Organic Resources 6 6 6 6 6 5 5 5 5 - - - - 89 86 86 85 83 83 81 83 88 - - - - 670 - Century Center Century Center 7 5 5 5 5 4 4 4 4 - - - - Total Full-Time Employees by Fund 1,165 1,084 1,061 1,064 1,052 1,054 1,056 1,063 1,078 - - - - Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec General Government Mayor's Office 8 9 9 9 8 8 9 9 9 - - - - Community Initiatives 6 4 4 5 5 4 4 5 5 - - - - City Clerk 5 3 4 5 3 5 5 5 5 - - - - Community Police Review Board 1 - - - - - - - - - - - - Common Council 9 9 9 9 9 9 9 9 9 - - - - Controller's Office 21 17 17 17 17 18 18 18 16 - - - - Human Resources 8 5 5 4 2 5 5 5 6 - - - - Diversity & Inclusion 3 3 3 3 1 1 1 1 1 - - - - Human Rights 6 6 5 5 6 5 5 6 5 - - - - Legal Department 13 10 9 11 11 11 11 11 10 - - - - Central Services 38 30 29 28 26 30 29 30 31 - - - - 118 96 94 96 88 96 96 99 97 - - - - Public Works Engineering 25 23 23 23 22 22 23 23 22 - - - - Streets & Sewers 100 102 98 99 96 97 93 95 100 - - - - Solid Waste 25 23 24 24 24 24 24 23 25 - - - - Wastewater 44 39 42 42 41 39 39 40 43 - - - - Organic Resources 6 6 6 6 6 5 5 5 5 - - - - Water Works 68 62 61 62 59 58 60 59 62 - - - - 268 255 254 256 248 245 244 245 257 - - - - 33 City of South Bend Staffing Headcount August 31, 2022 Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Public Safety Police - Sworn Officers 232 228 218 220 213 215 213 211 223 - - - - Police - Civilians 43 42 42 38 41 41 42 42 43 - - - - Police - Police Recruit 8 6 6 5 16 11 11 20 12 - - - - Fire/EMS - Sworn Firefighters 256 248 240 239 241 241 241 237 241 - - - - Fire/EMS - Civilians 7 7 7 7 7 7 7 7 7 - - - - Fire/EMS - Fire Recruits 6 - - 5 5 5 5 5 5 - - - - 552 531 513 514 523 520 519 522 531 - - - - Venues, Parks & Arts Parks & Recreation 88 83 83 83 82 84 85 86 82 - - - - Morris Performing Arts Center 9 9 8 6 5 6 6 6 6 - - - - Century Center 7 5 5 5 5 4 4 4 4 - - - - 104 97 96 94 92 94 95 96 92 - - - - Department of Community Investment Community Investment 39 30 30 30 29 30 32 31 31 - - - - Office of Sustainability 2 1 1 1 1 1 1 1 1 - - - - Neighborhood Services 25 22 21 20 20 18 17 16 17 - - - - Animal Resource Center 9 7 8 9 8 8 8 9 9 - - - - Building Department 16 15 15 15 14 14 16 16 14 - - - - 91 75 75 75 72 71 74 73 72 - - - - Department of Innovation & Technology 32 30 29 29 29 28 28 28 29 - - - - Total Full-Time Employees by Activity 1,165 1,084 1,061 1,064 1,052 1,054 1,056 1,063 1,078 - - - - 34 City of South Bend Staffing Headcount August 31, 2022 Part-Time Staffing Summary by Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Human Rights 1 1 1 - - - 1 1 - - - - Legal Department 1 1 1 1 1 1 1 1 - - - - Engineering 1 1 1 1 1 1 1 1 - - - - Police Department 18 20 20 18 41 35 32 20 - - - - Police Crime Lab 1 1 1 1 1 1 1 1 - - - - Fire Department 1 1 1 1 1 1 1 1 - - - - 23 25 25 22 45 39 37 25 - - - - 201 - Parks & Recreation Maintenance 13 9 9 15 18 21 23 25 - - - - Golf Courses 6 10 38 43 48 51 51 79 - - - - Recreational Experiences 18 18 20 22 26 23 26 30 - - - - Development & Promotions 1 1 2 2 1 1 1 1 - - - - 38 38 69 82 93 96 101 135 - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 2 2 2 2 6 7 6 7 - - - - 222 - Central Services Equipment Services 1 1 1 1 1 1 1 1 - - - - 230 - Code Enforcement Fund Neighborhood Services 1 1 1 1 1 1 1 1 - - - - Animal Resource Center 3 3 3 3 3 3 1 2 - - - - 4 4 4 4 4 4 2 3 - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 3 3 3 3 3 3 3 4 - - - - 620 - Water Works Water Works - - 1 2 1 1 1 1 - - - - 641 - Sewage Works Sewers 4 4 3 2 2 2 2 2 - - - - 670 - Century Center Century Center 3 3 3 3 3 2 2 3 - - - - Total Part-Time Employees by Fund 78 80 111 121 158 155 155 181 - - - - 35 City of South Bend Staffing Headcount August 31, 2022 Paid Temporary, Seasonal, and Intern Staffing Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 2 2 5 - 4 4 4 2 - - - - City Clerk 1 1 1 - - - - 1 - - - - Common Council - - - - 1 1 1 7 - - - - Diversity & Inclusion 2 2 2 1 1 - - - - - - - Legal Department - - - - 2 4 4 - - - - - Engineering - - - - 6 6 6 11 - - - - Police Department - - - - 3 4 4 2 - - - - 5 5 8 1 17 19 19 23 - - - - 201 - Parks & Recreation Maintenance 3 3 8 14 22 26 21 24 - - - - Golf Courses - 2 5 7 7 5 7 15 - - - - Recreational Experiences 58 54 48 12 72 100 95 121 - - - - 61 59 61 33 101 131 123 160 - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting - - - 1 3 4 4 2 - - - - Curb & Sidewalk - - - - - - 1 - - - - - - - - 1 3 4 5 2 - - - - 230 - Code Enforcement Fund Neighborhood Services - - - - - - - 1 - - - - Animal Resource Center - - - - - - - 1 - - - - - - - - - - - 2 - - - - 279 - IT / Innovation / 311 Call Center Innovation & Technology - - - - - 2 2 - - - - - 620 - Water Works Water Works - - - - 1 2 3 1 - - - - 641 - Sewage Works Sewers 1 1 1 2 2 6 6 3 - - - - Wastewater 1 - - - - - - 1 - - - - 2 1 1 2 2 6 6 4 - - - - 655 - Project ReLeaf Leaf Pickup - - - - - - - 6 - - - - Total Paid Temporary, Seasonal, and Intern Staff 68 65 70 37 124 164 158 198 - - - - 36 City of South Bend Staffing Headcount August 31, 2022 Staffing Summary Budget Full- Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Full Time Staff 1,165 1,084 1,061 1,064 1,052 1,054 1,056 1,063 1,078 - - - - Part Time Staff 78 80 111 121 158 155 155 181 - - - - Temporary / Seasonal 68 65 70 37 124 164 158 198 - - - - City Total 1,165 1,230 1,206 1,245 1,210 1,336 1,375 1,376 1,457 - - - - 37 City of South Bend, Indiana Monthly Financial Report August 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 24,657,607 24,657,607 20,317,495 55% Intergov./ Shared Revenues 4,837,992 4,251,806 4,000,122 4,000,122 2,087,958 2,087,958 1,912,164 52% Intergov./ Grants 191,097 1,482,045 - - - - - - Licenses & Permits 281,230 258,054 294,125 294,125 198,648 198,648 95,477 68% Charges for Services 4,468,596 5,286,199 4,135,160 4,135,160 3,321,107 3,321,107 814,053 80% Fines, Forfeitures, and Fees 5,298 6,235 8,525 8,525 3,046 3,046 5,479 36% Interest Earnings 309,268 290,597 481,983 417,105 282,601 282,601 134,505 68% Donations 1,357,432 1,769,377 1,365,000 1,365,000 358,100 358,100 1,006,900 26% Other Income 1,706,245 1,238,059 1,333,520 1,398,836 901,302 901,302 497,534 64% Interfund Allocation Reimb 8,563,135 9,896,054 10,544,420 10,544,420 7,029,613 7,029,613 3,514,807 67% Interfund Transfers In 6,283,500 2,727,079 - - - - - - PILOT 6,221,791 6,154,321 6,079,325 6,079,325 6,079,325 6,079,325 - 100% Total Revenue 74,885,707 77,019,698 73,217,282 73,217,720 44,919,307 44,919,307 28,298,414 61% Expenditures by Type Personnel Salaries & Wages 38,858,879 39,390,302 36,304,419 36,355,319 22,947,703 - 22,947,703 13,407,616 63% Fringe Benefits 13,303,099 13,920,158 17,929,005 17,878,105 10,486,591 635 10,487,226 7,390,879 59% Total Personnel 52,161,978 53,310,460 54,233,424 54,233,424 33,434,294 635 33,434,929 20,798,495 62% Supplies 1,720,163 2,033,958 2,265,998 2,487,718 1,749,605 314,073 2,063,678 424,040 83% Services & Charges Professional Services 1,755,294 1,811,607 2,011,038 2,346,877 1,064,386 893,024 1,957,410 389,466 83% Printing & Advertising 83,792 188,451 185,430 345,533 219,680 39,713 259,393 86,140 75% Utilities 663,087 654,363 614,408 614,408 408,327 - 408,327 206,081 66% Repairs & Maintenance 2,191,066 1,951,940 2,363,099 4,058,265 1,495,207 1,612,717 3,107,924 950,341 77% Education & Training 152,685 186,351 296,460 482,390 156,132 80,918 237,050 245,340 49% Travel 17,787 25,843 92,000 93,431 33,273 13,025 46,298 47,132 50% Grants & Subsidies 48,635 390,075 36,645,000 25,319,099 925,863 754,738 1,680,601 23,638,498 7% Other Services & Charges 491,973 597,714 575,273 7,250,403 1,220,443 701,628 1,922,071 5,328,332 27% Debt Service Principal 149,934 145,798 - - - - - - - Debt Service Interest & Fees 3,937 1,667 - - - - - - - Total Services & Charges 5,558,190 5,953,810 42,782,708 40,510,405 5,523,311 4,095,764 9,619,075 30,891,330 24% Operating Expenditures 59,440,332 61,298,229 99,282,130 97,231,548 40,707,210 4,410,472 45,117,682 52,113,865 46% Capital - - - 4,561,500 139,113 1,052,144 1,191,257 3,370,243 26% Bad Debt 8,070 649 300 1,300 580 - 580 720 45% Interfund Interfund Allocations 6,910,980 9,320,120 9,701,661 9,701,661 6,467,774 - 6,467,774 3,233,887 67% Interfund Transfers Out 175,579 4,948,093 600,000 2,600,000 1,731,794 - 1,731,794 868,206 67% Total Interfund 7,086,559 14,268,213 10,301,661 12,301,661 8,199,568 - 8,199,568 4,102,093 67% Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 49,046,471 5,462,616 54,509,087 59,586,921 48% Net Surplus / (Deficit)8,350,746 1,452,607 (36,366,809) (40,878,289) (4,127,164) (9,589,780) 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 13,329,785 50,545,203 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 38 City of South Bend, Indiana Monthly Financial Report August 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 Expenditures by Dept/Division Mayor 1,037,853 990,182 1,048,882 1,048,915 684,944 578 685,523 363,392 65% Community Initiatives 300,312 857,425 1,160,126 1,526,626 764,465 125,000 889,465 637,161 58% Community Police Review Office - 27,206 103,199 103,199 - - - 103,199 0% City Clerk 512,958 633,713 694,547 694,547 368,054 2,803 370,857 323,690 53% Common Council 483,761 593,820 724,311 724,941 344,042 7,258 351,301 373,640 48% General City 44,841 43,000 43,000 43,000 43,000 687,131 730,131 (687,131) 1698% American Rescue Plan - 4,948,093 36,195,000 39,495,000 2,742,163 3,255,183 5,997,346 33,497,654 15% Finance 2,217,244 2,111,012 2,535,491 2,569,304 1,428,274 47,067 1,475,342 1,093,962 57% Human Resources 597,913 651,325 957,327 957,327 378,267 4,283 382,550 574,777 40% Diversity & Inclusion 254,986 546,687 611,073 740,743 307,239 190,736 497,975 242,768 67% Human Rights General 267,591 295,679 462,479 462,479 253,230 19,066 272,296 190,183 59% Legal Dept 1,299,029 1,399,494 1,695,716 1,695,716 953,692 4,864 958,555 737,161 57% Police General 27,639,992 30,031,479 31,101,209 31,263,638 19,461,667 514,800 19,976,467 11,287,171 64% Crime Lab 552,838 628,676 868,577 869,889 432,152 3,019 435,171 434,718 50% Fire General 26,056,166 26,373,821 26,165,969 26,372,790 17,661,445 411,326 18,072,771 8,300,019 69% EMS 592,302 710,778 825,174 843,828 418,092 25,175 443,267 400,561 53% Fire Training Center 30,175 32,253 148,000 123,630 41,852 1,873 43,725 79,905 35% Morris PAC 1,003,966 1,106,303 600,000 656,962 635,165 7,964 643,129 13,833 98% Palais Royale 221,414 149,547 208,649 229,403 125,335 15,363 140,698 88,705 61% Engineering 2,879,656 3,123,492 3,435,362 3,572,616 1,937,299 104,141 2,041,441 1,531,175 57% Sustainability 234,165 90,441 - 101,458 66,095 34,984 101,080 378 100% AmeriCorps 307,799 222,663 - - - - - - - Total Expenditures 66,534,960 75,567,091 109,584,091 114,096,009 49,046,471 5,462,616 54,509,087 59,586,921 48% NOTE: For more detail, see department and division summary pages that follow. 39 City of South Bend, Indiana Monthly Financial Report August 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 568,439 577,992 621,971 621,971 415,220 - 415,220 206,751 67% Fringe Benefits 199,062 205,069 231,870 231,870 145,769 - 145,769 86,101 63% Total Personnel 767,501 783,061 853,841 853,841 560,990 - 560,990 292,852 66% Supplies 6,028 3,888 5,500 5,500 2,194 50 2,244 3,256 41% Services & Charges Professional Services 143,724 - 7,000 4,500 - - - 4,500 0% Printing & Advertising 25,634 43,385 41,500 36,500 23,673 475 24,148 12,352 66% Repairs & Maintenance 800 650 300 300 33 - 33 267 11% Education & Training - 171 1,000 1,000 - - - 1,000 0% Travel - - 3,500 3,975 474 - 474 3,501 12% Other Services & Charges 740 1,110 500 7,558 7,087 53 7,140 418 94% Total Services & Charges 170,898 45,316 53,800 53,833 31,267 528 31,795 22,038 59% Operating Expenditures 944,428 832,264 913,141 913,174 594,450 578 595,029 318,146 65% Interfund Allocations 93,425 157,918 135,741 135,741 90,494 - 90,494 45,247 67% Total Expenditures 1,037,853 990,182 1,048,882 1,048,915 684,944 578 685,523 363,393 65% 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. 40 City of South Bend, Indiana Monthly Financial Report August 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 119,402 218,129 320,394 320,394 160,527 - 160,527 159,867 50% Fringe Benefits 46,102 91,386 144,080 144,080 68,816 - 68,816 75,264 48% Total Personnel 165,504 309,515 464,474 464,474 229,343 - 229,343 235,131 49% Supplies - - - - 187 - 187 (187) - Services & Charges Professional Services 134,808 210,500 273,000 385,500 226,000 125,000 351,000 34,500 91% Printing & Advertising - 1,410 25,000 24,880 895 - 895 23,986 4% Education & Training - - 12,500 112,500 34,487 - 34,487 78,013 31% Travel - - - - - - - - - Grant & Subsidies - 336,000 350,000 504,000 250,000 - 250,000 254,000 50% Other Services & Charges - - - 120 119 - 119 1 99% Total Services & Charges 134,808 547,910 660,500 1,027,000 511,501 125,000 636,501 390,500 62% Operating Expenditures 300,312 857,425 1,124,974 1,491,474 741,030 125,000 866,030 625,444 58% Interfund Allocations - - 35,152 35,152 23,435 - 23,435 11,717 67% Total Expenditures 300,312 857,425 1,160,126 1,526,626 764,465 125,000 889,465 637,161 58% 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. 41 City of South Bend, Indiana Monthly Financial Report August 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. 42 City of South Bend, Indiana Monthly Financial Report August 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 270,954 288,911 320,512 320,512 177,204 - 177,204 143,308 55% Fringe Benefits 103,502 113,731 133,959 133,959 59,574 320 59,894 74,065 45% Total Personnel 374,456 402,642 454,471 454,471 236,777 320 237,097 217,373 52% Supplies 6,389 8,089 9,200 9,200 1,465 2,223 3,688 5,512 40% Services & Charges Professional Services 25,275 15,066 25,000 23,000 6,028 - 6,028 16,973 26% Printing & Advertising 18,528 23,705 27,500 27,500 10,160 260 10,420 17,080 38% Repairs & Maintenance 32,656 6,400 5,000 7,000 5,946 - 5,946 1,054 85% Education & Training 1,393 14,250 6,000 4,500 508 - 508 3,992 11% Travel 342 - 5,000 2,500 - - - 2,500 0% Other Services & Charges 4,963 7,635 7,500 11,500 3,920 - 3,920 7,580 34% Total Services & Charges 83,157 67,056 76,000 76,000 26,561 260 26,821 49,179 35% Operating Expenditures 464,002 477,787 539,671 539,671 264,803 2,803 267,606 272,064 50% Interfund Allocations 48,956 155,926 154,876 154,876 103,251 - 103,251 51,625 67% Total Expenditures 512,958 633,713 694,547 694,547 368,054 2,803 370,857 323,689 53% 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. 43 City of South Bend, Indiana Monthly Financial Report August 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 187,249 182,138 260,858 260,858 128,406 - 128,406 132,452 49% Fringe Benefits 84,521 95,359 164,916 164,916 67,254 - 67,254 97,662 41% Total Personnel 271,770 277,497 425,774 425,774 195,661 - 195,661 230,114 46% Supplies 2,716 1,894 2,500 2,500 1,627 - 1,627 873 65% Services & Charges Professional Services 117,174 193,211 214,308 212,938 98,582 6,525 105,107 107,831 49% Printing & Advertising 7,973 35,048 6,200 5,900 4,783 667 5,451 449 92% Repairs & Maintenance 34,153 24,584 3,000 6,500 5,203 - 5,203 1,297 80% Education & Training 2,069 599 5,000 5,000 1,360 - 1,360 3,640 27% Travel 1,479 1,334 10,000 10,000 3,513 - 3,513 6,487 35% Other Services & Charges 4,091 4,714 14,000 12,800 4,295 66 4,361 8,439 34% Total Services & Charges 166,939 259,491 252,508 253,138 117,735 7,258 124,994 128,143 49% Operating Expenditures 441,425 538,882 680,782 681,412 315,023 7,258 322,281 359,130 47% Interfund Allocations 42,336 54,938 43,529 43,529 29,019 - 29,019 14,510 67% Total Expenditures 483,761 593,820 724,311 724,941 344,042 7,258 351,301 373,640 48% 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. 44 City of South Bend, Indiana Monthly Financial Report August 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 1,490,200 795,474 - 795,474 694,726 53% Fringe Benefits 480,160 464,963 580,534 580,534 290,227 - 290,227 290,307 50% Total Personnel 1,834,099 1,786,330 2,070,734 2,070,734 1,085,701 - 1,085,701 985,033 52% Supplies 14,013 8,804 16,420 16,691 4,347 125 4,472 12,219 27% Services & Charges Professional Services 43,980 92,490 241,500 275,000 204,438 43,949 248,387 26,613 90% Printing & Advertising 1,203 4,914 2,000 2,786 2,184 - 2,184 602 78% Repairs & Maintenance 2,254 225 1,100 1,100 202 - 202 898 18% Education & Training 1,994 4,235 5,760 5,186 484 650 1,134 4,052 22% Travel 2,045 1,300 6,000 6,000 - 2,009 2,009 3,991 33% Other Services & Charges 14,429 19,228 11,585 11,415 10,657 335 10,992 423 96% Total Services & Charges 65,905 122,391 267,945 301,487 217,965 46,943 264,908 36,579 88% Operating Expenditures 1,914,017 1,917,524 2,355,099 2,388,912 1,308,013 47,067 1,355,080 1,033,831 57% Bad Debt - 55 - - - - - - - Interfund Allocations 303,227 193,433 180,392 180,392 120,261 - 120,261 60,131 67% Total Expenditures 2,217,244 2,111,012 2,535,491 2,569,304 1,428,274 47,067 1,475,342 1,093,962 57% 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. 45 City of South Bend, Indiana Monthly Financial Report August 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 374,910 400,053 533,505 533,505 211,143 - 211,143 322,362 40% Fringe Benefits 139,389 148,223 215,402 215,402 72,699 - 72,699 142,703 34% Total Personnel 514,299 548,276 748,907 748,907 283,842 - 283,842 465,065 38% Supplies 642 2,165 11,250 11,250 2,542 26 2,568 8,682 23% Services & Charges Professional Services - - - - 19 - 19 (19) - Printing & Advertising 999 287 7,060 6,760 177 59 236 6,524 3% Repairs & Maintenance 100 150 - 450 450 - 450 - 100% Education & Training 795 1,361 52,700 52,700 3,268 1,698 4,966 47,734 9% Travel - - 6,000 6,000 2,311 2,500 4,811 1,189 80% Other Services & Charges 1,760 1,609 7,000 6,850 2,719 - 2,719 4,131 40% Total Services & Charges 3,655 3,407 72,760 72,760 8,943 4,257 13,200 59,559 18% Operating Expenditures 518,596 553,847 832,917 832,917 295,327 4,283 299,610 533,306 36% Interfund Allocations 79,317 97,478 124,410 124,410 82,940 - 82,940 41,470 67% Total Expenditures 597,913 651,325 957,327 957,327 378,267 4,283 382,550 574,776 40% 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. 46 City of South Bend, Indiana Monthly Financial Report August 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 165,515 206,014 233,671 233,671 112,446 - 112,446 121,225 48% Fringe Benefits 50,278 64,933 82,633 82,633 29,652 - 29,652 52,981 36% Total Personnel 215,793 270,948 316,304 316,304 142,099 - 142,099 174,206 45% Supplies 74 1,486 1,500 1,500 307 - 307 1,193 20% Services & Charges Professional Services 14,260 194,734 80,000 160,050 106,129 138,208 244,337 (84,287) 153% Printing & Advertising 2,025 1,581 6,000 6,000 646 - 646 5,354 11% Repairs & Maintenance 50 - - - - - - - - Education & Training 1,000 10,780 100,000 149,620 595 50,215 50,810 98,810 34% Travel - - 20,000 20,000 1,564 2,313 3,877 16,123 19% Other Services & Charges 2,843 3,755 5,000 5,000 1,052 - 1,052 3,948 21% Total Services & Charges 20,177 210,850 211,000 340,670 109,987 190,736 300,723 39,948 88% Operating Expenditures 236,044 483,283 528,804 658,474 252,393 190,736 443,129 215,347 67% Interfund Allocations 18,942 63,404 82,269 82,269 54,846 - 54,846 27,423 67% Total Expenditures 254,986 546,687 611,073 740,743 307,239 190,736 497,975 242,770 67% 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. 47 City of South Bend, Indiana Monthly Financial Report August 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 134,381 135,895 245,062 245,062 134,998 - 134,998 110,064 55% Fringe Benefits 49,745 55,005 99,688 99,688 49,505 - 49,505 50,183 50% Total Personnel 184,125 190,901 344,750 344,750 184,503 - 184,503 160,247 54% Supplies 765 969 2,000 2,000 1,646 - 1,646 354 82% Services & Charges Professional Services 819 3,538 3,070 3,070 - - - 3,070 0% Printing & Advertising 347 407 1,500 1,805 907 - 907 898 50% Repairs & Maintenance 9,716 8,151 9,200 9,200 3,389 5,377 8,767 433 95% Education & Training 600 - 3,500 2,166 1,784 - 1,784 382 82% Travel - - - - - - - - - Other Services & Charges 44,073 45,538 51,140 52,169 29,454 13,689 43,143 9,026 83% Total Services & Charges 55,555 57,634 68,410 68,410 35,535 19,066 54,601 13,809 80% Operating Expenditures 240,446 249,504 415,160 415,160 221,684 19,066 240,750 174,410 58% Interfund Allocations 27,145 46,175 47,319 47,319 31,546 - 31,546 15,773 67% Total Expenditures 267,591 295,679 462,479 462,479 253,230 19,066 272,296 190,183 59% Revenue Other Income 30,069 30,049 30,000 30,000 30,562 30,562 (562) 102% Total Revenue 30,069 30,049 30,000 30,000 30,562 30,562 (562) 102% 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. 48 City of South Bend, Indiana Monthly Financial Report August 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 1,093,537 611,649 - 611,649 481,888 56% Fringe Benefits 298,375 291,446 386,599 386,599 200,299 - 200,299 186,300 52% Total Personnel 1,206,003 1,186,938 1,480,136 1,480,136 811,948 - 811,948 668,188 55% Supplies 3,568 1,515 3,500 4,000 3,703 - 3,703 297 93% Services & Charges Professional Services 1,440 9,384 2,550 2,550 - - - 2,550 0% Printing & Advertising 106 252 1,000 500 - - - 500 0% Repairs & Maintenance 100 1,000 - - - - - - - Education & Training 8,063 7,108 12,000 12,000 9,208 - 9,208 2,792 77% Travel - - 5,500 3,500 1,295 - 1,295 2,205 37% Other Services & Charges 16,829 18,408 19,500 21,500 13,185 4,864 18,048 3,452 84% Total Services & Charges 26,538 36,152 40,550 40,050 23,688 4,864 28,551 11,499 71% Operating Expenditures 1,236,109 1,224,605 1,524,186 1,524,186 839,339 4,864 844,202 679,984 55% Bad Debt 100 - - - - - - - - Interfund Allocations 62,820 174,889 171,530 171,530 114,353 - 114,353 57,177 67% Total Expenditures 1,299,029 1,399,494 1,695,716 1,695,716 953,692 4,864 958,555 737,161 57% Revenue Charges for Services 135,710 91,343 93,170 93,170 46,814 46,814 46,357 50% Interfund Allocation Reimb 56,529 - - - - - - - Total Revenue 192,239 91,343 93,170 93,170 46,814 46,814 46,357 50% 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. 49 City of South Bend, Indiana Monthly Financial Report August 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 1,126,500 - 1,126,500 825,622 58% Fringe Benefits 588,063 592,477 741,859 741,859 397,464 315 397,779 344,080 54% Total Personnel 2,268,284 2,324,174 2,693,981 2,693,981 1,523,964 315 1,524,279 1,169,702 57% Supplies 5,144 7,128 22,700 23,411 7,199 - 7,199 16,212 31% Services & Charges Professional Services 151,673 192,618 150,000 266,543 70,943 79,596 150,539 116,004 56% Printing & Advertising 1,872 5,897 8,535 10,535 3,887 17 3,903 6,632 37% Repairs & Maintenance 5,718 5,931 27,700 25,700 4,405 - 4,405 21,295 17% Education & Training 1,500 1,157 21,000 41,000 8,702 20,043 28,745 12,255 70% Travel 3,762 3,986 15,250 15,250 5,736 2,285 8,021 7,229 53% Other Services & Charges 12,230 11,024 36,300 36,300 5,867 1,885 7,752 28,548 21% Debt Service Principal 10,755 4,493 - - - - - - - Debt Service Interest & Fees 194 51 - - - - - - - Total Services & Charges 187,704 225,158 258,785 395,328 99,539 103,826 203,365 191,963 51% Operating Expenditures 2,461,132 2,556,460 2,975,466 3,112,720 1,630,702 104,141 1,734,843 1,377,877 56% Bad Debt 84 - - - - - - - - Interfund Allocations 418,440 567,032 459,896 459,896 306,597 - 306,597 153,299 67% Total Expenditures 2,879,656 3,123,492 3,435,362 3,572,616 1,937,299 104,141 2,041,441 1,531,176 57% Revenue Licenses & Permits 161,952 122,575 156,100 156,100 80,065 80,065 76,035 51% Charges for Services 415,210 192,000 196,000 196,000 98,000 98,000 98,000 50% Other Income 21,032 6,401 - - 12,317 12,317 (12,317) - Interfund Allocation Reimb 1,436,881 1,449,233 1,514,420 1,514,420 1,009,613 1,009,613 504,807 67% Total Revenue 2,035,075 1,770,209 1,866,520 1,866,520 1,199,996 1,199,996 666,525 64% 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. 50 City of South Bend, Indiana Monthly Financial Report August 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 16,095 34,984 51,080 378 99% Repairs & Maintenance - 285 - - - - - - - Education & Training 86 150 - - - - - - - Other Services & Charges 12,760 3,700 - - - - - - - Total Services & Charges 87,431 10,025 - 51,458 16,095 34,984 51,080 378 99% Operating Expenditures 224,425 70,295 - 51,458 16,095 34,984 51,080 378 99% Capital - - - 50,000 50,000 - 50,000 - 100% Interfund Allocations 9,740 20,146 - - - - - - - Total Expenditures 234,165 90,441 - 101,458 66,095 34,984 101,080 378 100% 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. 51 City of South Bend, Indiana Monthly Financial Report August 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). 52 City of South Bend, Indiana Monthly Financial Report August 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 14,955,055 9,286,514 - 9,286,514 5,668,541 62% Fringe Benefits 5,423,162 5,728,486 7,600,855 7,527,955 4,555,517 - 4,555,517 2,972,438 61% Total Personnel 20,986,615 22,098,933 22,483,010 22,483,010 13,842,032 - 13,842,032 8,640,979 62% Supplies 767,165 955,573 1,152,960 1,249,949 929,693 62,647 992,340 257,609 79% Services & Charges Professional Services 765,305 495,799 720,000 663,306 130,526 365,597 496,122 167,183 75% Printing & Advertising 3,288 55,375 24,721 178,941 154,370 34,450 188,820 (9,879) 106% Utilities 170,952 182,655 174,408 174,408 129,600 - 129,600 44,808 74% Repairs & Maintenance 871,987 822,096 980,199 972,578 581,385 25,023 606,408 366,170 62% Education & Training 426 56,136 - - - - - - - Travel 1,648 2,618 250 350 451 - 451 (101) 129% Grants & Subsidies 5,635 11,075 57,000 58,099 7,451 600 8,051 50,048 14% Other Services & Charges 272,222 344,841 349,608 312,445 194,360 26,484 220,844 91,601 71% Debt Service Principal 139,178 141,305 - - - - - - - Debt Service Interest & Fees 3,742 1,615 - - - - - - - Total Services & Charges 2,234,384 2,113,516 2,306,186 2,360,126 1,198,143 452,153 1,650,297 709,830 70% Operating Expenditures 23,988,164 25,168,022 25,942,156 26,093,085 15,969,868 514,800 16,484,668 9,608,418 63% Capital - - - 11,500 52,630 - 52,630 (41,130) 458% Bad Debt 397 - 300 300 - - - 300 0% Interfund Allocations 3,651,431 4,863,457 5,158,753 5,158,753 3,439,169 - 3,439,169 1,719,584 67% Total Expenditures 27,639,992 30,031,479 31,101,209 31,263,638 19,461,667 514,800 19,976,467 11,287,172 64% Revenue Intergov./ Grants - 210,402 - - - - - - Charges for Services 8,316 - - - - - - - Other Income 655,931 338,317 456,500 456,792 126,196 126,196 330,596 28% Donations - - 7,500 7,500 - - 7,500 0% Interfund Transfers In 1,547,272 - - - - - - - Total Revenue 2,211,518 548,719 464,000 464,292 126,196 126,196 338,096 27% 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). 53 City of South Bend, Indiana Monthly Financial Report August 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 395,207 346,190 475,637 475,637 221,572 - 221,572 254,065 47% Fringe Benefits 142,250 118,776 184,461 184,461 75,815 - 75,815 108,646 41% Total Personnel 537,456 464,966 660,098 660,098 297,387 - 297,387 362,711 45% Supplies 15,373 15,138 17,000 18,312 7,112 3,019 10,131 8,181 55% Services & Charges Professional Services 8 - - - - - - - - Printing & Advertising - - - - - - - - - Education & Training - - - - - - - - - Travel - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges 8 - - - - - - - - Operating Expenditures 552,838 480,105 677,098 678,410 304,499 3,019 307,518 370,892 45% Interfund Allocations - 148,571 191,479 191,479 127,653 - 127,653 63,826 67% Total Expenditures 552,838 628,676 868,577 869,889 432,152 3,019 435,171 434,718 50% Revenue Charges for Services 7,756 26,169 10,000 10,000 6,581 6,581 3,419 66% Total Revenue 7,756 26,169 10,000 10,000 6,581 6,581 3,419 66% 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. 54 City of South Bend, Indiana Monthly Financial Report August 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 13,629,366 9,470,030 - 9,470,030 4,159,336 69% Fringe Benefits 5,397,609 5,621,419 7,250,515 7,272,515 4,418,963 - 4,418,963 2,853,553 61% Total Personnel 21,771,825 21,527,001 20,901,881 20,901,881 13,888,993 - 13,888,993 7,012,889 66% Supplies 591,801 592,256 678,568 767,787 560,563 227,066 787,629 (19,842) 103% Services & Charges Professional Services 233,686 351,832 204,000 202,809 174,872 91,035 265,907 (63,098) 131% Printing & Advertising 2,063 2,040 22,214 7,452 3,180 654 3,834 3,618 51% Utilities 293,257 271,750 315,000 315,000 193,778 - 193,778 121,222 62% Repairs & Maintenance 1,159,796 992,999 1,032,000 1,142,647 776,804 77,477 854,281 288,366 75% Education & Training 67,844 79,268 73,000 88,204 95,576 8,312 103,887 (15,683) 118% Travel 6,318 12,979 20,500 22,197 16,995 3,918 20,913 1,284 94% Other Services & Charges 39,047 50,324 38,500 44,507 30,481 2,865 33,345 11,162 75% Total Services & Charges 1,802,010 1,761,191 1,705,214 1,822,815 1,291,685 184,260 1,475,945 346,871 81% Operating Expenditures 24,165,636 23,880,448 23,285,663 23,492,484 15,741,241 411,326 16,152,567 7,339,918 69% Interfund Allocations 1,890,530 2,493,373 2,880,306 2,880,306 1,920,204 - 1,920,204 960,102 67% Total Expenditures 26,056,166 26,373,821 26,165,969 26,372,790 17,661,445 411,326 18,072,771 8,300,020 69% Revenue Charges for Services 337 340 1,500 1,500 204 204 1,296 14% Intergov./ Grants 14,866 94,668 - - - - - - Licenses & Permits 19,227 23,137 24,000 24,000 16,656 16,656 7,344 69% Donations 420 - - - 100 100 (100) - Other Income 6,033 20,678 1,000 1,146 18,879 18,879 (17,733) 1647% Interfund Transfers In 3,474,135 607,079 - - - - - - Total Revenue 3,515,018 745,902 26,500 26,646 35,839 35,839 (9,193) 135% 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. 55 City of South Bend, Indiana Monthly Financial Report August 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 96,020 - 96,020 60,784 61% Fringe Benefits 75,881 79,326 85,060 85,060 55,036 - 55,036 30,024 65% Total Personnel 214,005 225,543 241,864 241,864 151,056 - 151,056 90,808 62% Supplies 232,073 387,434 332,900 351,554 202,324 17,045 219,369 132,185 62% Services & Charges Professional Services 14,058 22,033 80,610 80,610 24,382 8,131 32,512 48,098 40% Printing & Advertising 220 - 12,200 12,200 - - - 12,200 0% Repairs & Maintenance 2,640 3,704 133,600 116,600 - - - 116,600 0% Education & Training 66,239 7,912 4,000 4,000 136 - 136 3,864 3% Other Services & Charges 47,260 63,559 20,000 36,000 39,615 - 39,615 (3,615) 110% Total Services & Charges 130,417 97,208 250,410 249,410 64,132 8,131 72,263 177,147 29% Operating Expenditures 576,495 710,184 825,174 842,828 417,512 25,175 442,687 400,140 53% Bad Debt 5,648 594 - 1,000 580 - 580 420 58% Interfund Allocations 10,159 - - - - - - - - Total Expenditures 592,302 710,778 825,174 843,828 418,092 25,175 443,267 400,560 53% Revenue Charges for Services 3,491,328 4,195,362 3,608,000 3,608,000 3,069,564 3,069,564 538,436 85% Fines, Forfeitures, and Fees - 11 - - 12 12 (12) - Other Income 186 588 - - 1,418 1,418 (1,418) - Total Revenue 3,491,515 4,195,961 3,608,000 3,608,000 3,070,994 3,070,994 537,006 85% 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. 56 City of South Bend, Indiana Monthly Financial Report August 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 10,630 13,603 1,873 15,475 (4,845) 146% Services & Charges Professional Services - - - 1,100 1,929 - 1,929 (829) 175% Utilities 5,729 18,331 33,000 33,000 22,074 - 22,074 10,926 67% Repairs & Maintenance 10,605 635 110,000 78,900 4,246 - 4,246 74,654 5% Total Services & Charges 16,334 18,966 143,000 113,000 28,249 - 28,249 84,751 25% Operating Expenditures 30,175 32,253 148,000 123,630 41,852 1,873 43,725 79,906 35% Total Expenditures 30,175 32,253 148,000 123,630 41,852 1,873 43,725 79,906 35% 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). 57 City of South Bend, Indiana Monthly Financial Report August 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 14,818 3,131 17,950 5,825 75% Utilities 112,645 110,532 - - - - - - - Repairs & Maintenance 34,268 61,776 - 9,523 5,140 3,707 8,847 676 93% Education & Training - 3,224 - 4,514 25 - 25 4,489 1% Travel 1,469 3,626 - 3,659 936 - 936 2,723 26% Other Services & Charges 11,433 12,862 - 2,613 1,367 1,126 2,493 120 95% Total Services & Charges 178,034 207,820 - 48,527 26,730 7,964 34,694 13,833 71% Operating Expenditures 617,512 868,330 - 56,962 35,165 7,964 43,129 13,833 76% 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 1,106,303 600,000 656,962 635,165 7,964 643,129 13,833 98% Revenue Charges for Services 317,745 654,679 - - - - - - Intergov./ Grants - 992,163 - - - - - - Other Income 5,930 2,864 - 54,878 54,878 54,878 - 100% 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 - 100% 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). 58 City of South Bend, Indiana Monthly Financial Report August 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 2,659 - 2,659 2,341 53% Services & Charges Printing & Advertising 3,693 - - - - - - - - Utilities 80,505 71,095 92,000 92,000 62,875 - 62,875 29,125 68% Repairs & Maintenance 26,223 23,356 61,000 76,767 27,191 6,185 33,375 43,392 43% Other Services & Charges 5,539 8,062 14,640 19,626 8,604 9,178 17,783 1,844 91% Total Services & Charges 115,959 102,514 167,640 188,394 98,670 15,363 114,033 74,361 61% Operating Expenditures 177,777 104,140 172,640 193,394 101,329 15,363 116,692 76,702 60% Interfund Interfund Allocations 43,637 45,407 36,009 36,009 24,006 - 24,006 12,003 67% Interfund Total 43,637 45,407 36,009 36,009 24,006 - 24,006 12,003 67% Total Expenditures 221,414 149,547 208,649 229,403 125,335 15,363 140,698 88,705 61% Revenue Charges for Services 88,843 122,575 136,190 136,190 91,905 91,905 44,285 67% Other Income 4,966 - - - 4,299 4,299 (4,299) - Total Revenue 93,809 122,575 136,190 136,190 96,204 96,204 39,986 71% 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. 59 City of South Bend, Indiana Monthly Financial Report August 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 2,153,565 2,153,565 896,435 71% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 1,825 1,825 (325) 122% Charges for Services 290,475 224,847 262,300 256,455 81,467 81,467 174,988 32% Interest Earnings 39,751 23,518 19,635 19,635 21,075 21,075 (1,440) 107% Debt Proceeds 1,778,948 890,000 775,000 817,500 817,500 817,500 - 100% Other Income 56,716 41,861 6,000 39,022 39,669 39,669 (647) 102% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 125,309 125,309 62,654 67% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 3,700,000 3,700,000 1,850,000 67% Total Revenue 10,238,117 8,159,765 9,852,398 9,922,075 6,940,410 6,940,410 2,981,665 70% Expenditures by Activity Streets / Traffic & Lighting 7,154,221 8,652,023 8,317,336 9,436,290 5,246,981 1,466,075 6,713,057 2,723,233 71% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 981,108 485,361 1,466,470 953,392 61% Total Expenditures 8,356,994 9,972,287 10,197,235 11,856,151 6,228,090 1,951,436 8,179,526 3,676,625 69% Expenditures by Type Personnel Salaries & Wages 2,715,345 2,826,835 3,330,520 3,330,520 1,924,827 - 1,924,827 1,405,693 58% Fringe Benefits 1,138,382 1,168,166 1,423,392 1,423,392 830,462 - 830,462 592,930 58% Total Personnel 3,853,726 3,995,001 4,753,912 4,753,912 2,755,289 - 2,755,289 1,998,623 58% Supplies 1,065,253 898,714 720,794 859,521 652,669 45,652 698,321 161,200 81% Services & Charges Professional Services 255,097 389,410 700,000 1,239,963 438,829 485,361 924,190 315,773 75% Printing & Advertising 194 771 2,950 3,142 387 - 387 2,755 12% Utilities 44,364 41,299 51,856 51,856 33,164 - 33,164 18,692 64% Repairs & Maintenance 699,746 637,358 692,525 636,382 481,532 1,668 483,200 153,182 76% Education & Training 13,900 2,845 10,000 8,291 8,291 - 8,291 - 100% Travel 2,210 - 5,000 8,000 5,135 - 5,135 2,865 64% Other Services & Charges 161,862 102,368 149,210 146,569 1,507 346 1,853 144,716 1% Debt Service Principal 590,097 874,648 953,898 954,165 777,249 - 777,249 176,916 81% Debt Service Interest & Fees 28,674 39,036 52,508 52,241 31,663 - 31,663 20,578 61% Total Services & Charges 1,796,145 2,087,736 2,617,947 3,100,609 1,777,757 487,375 2,265,132 835,477 73% Operating Expenditures 6,715,125 6,981,451 8,092,653 8,714,041 5,185,716 533,026 5,718,742 2,995,300 66% Capital 102,840 1,571,080 775,000 1,812,528 155,986 1,418,410 1,574,396 238,132 87% Bad Debt 4,042 - - - - - - - - Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 886,388 - 886,388 443,194 67% Total Expenditures 8,356,994 9,972,287 10,197,235 11,856,151 6,228,090 1,951,436 8,179,526 3,676,626 69% Net Surplus / (Deficit)1,881,123 (1,812,522) (344,837) (1,934,076) 712,320 (1,239,117) Beginning Cash Balance 4,743,203 6,607,820 4,772,416 Cash Adjustments (16,506) (22,883) - Ending Cash Balance 6,607,820 4,772,416 2,838,339 5,490,375 Cash Reserves Target 2,089,248 2,493,072 2,964,038 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.60 City of South Bend, Indiana Monthly Financial Report August 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 2,153,565 2,153,565 896,435 71% Interest Earnings 12,589 9,704 285 8,785 13,095 13,095 (4,310) 149% Debt Proceeds - - 925,000 888,007 888,007 888,007 - 100% Total Revenue 2,997,747 3,213,833 3,975,285 3,946,792 3,054,667 3,054,667 892,125 77% Expenditures by Type Personnel Salaries & Wages 221,144 247,754 429,064 429,064 125,822 - 125,822 303,242 29% Fringe Benefits 103,529 110,873 159,953 159,953 59,430 - 59,430 100,523 37% Total Personnel 324,673 358,626 589,017 589,017 185,252 - 185,252 403,765 31% Supplies 1,165,290 1,099,093 1,516,135 1,579,007 1,191,930 164,935 1,356,864 222,142 86% Services & Charges Professional Services - 249,700 - - - - - - - Repairs & Maintenance 1,042,462 568,445 1,419,325 1,816,325 1,197,674 238,840 1,436,514 379,811 79% Debt Service Principal - - 175,924 176,214 91,621 - 91,621 84,593 52% Debt Service Interest & Fees - - 22,033 21,743 2,144 - 2,144 19,599 10% Total Services & Charges 1,042,462 818,145 1,617,282 2,014,282 1,291,439 238,840 1,530,279 484,003 76% Capital - 15,800 925,000 888,007 184,116 662,791 846,907 41,100 95% Total Expenditures 2,532,426 2,291,664 4,647,434 5,070,313 2,852,736 1,066,566 3,919,303 1,151,010 77% Net Surplus / (Deficit)465,321 922,169 (672,149) (1,123,521) 201,930 (864,636) Beginning Cash Balance 650,402 1,126,297 2,042,332 Cash Adjustments 10,574 (6,134) - Ending Cash Balance 1,126,297 2,042,332 918,812 2,265,496 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 61 City of South Bend, Indiana Monthly Financial Report August 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 4,307,130 4,307,130 1,792,870 71% Intergov./ Grants - 123,272 - - - - - - Licenses & Permits 300 1,975 1,500 1,500 1,825 1,825 (325) 122% Charges for Services 290,475 224,847 262,300 256,455 81,467 81,467 174,988 32% Interest Earnings 52,340 33,222 19,920 28,420 34,170 34,170 (5,750) 120% Debt Proceeds 1,778,948 890,000 1,700,000 1,705,507 1,705,507 1,705,507 - 100% Other Income 56,716 41,861 6,000 39,022 39,669 39,669 (647) 102% Interfund Allocation Reimb 149,020 150,163 187,963 187,963 125,309 125,309 62,654 67% Interfund Transfers In 4,937,750 3,500,000 5,550,000 5,550,000 3,700,000 3,700,000 1,850,000 67% Total Revenue 13,235,863 11,373,598 13,827,683 13,868,867 9,995,076 9,995,076 3,873,790 72% Expenditures by Fund Motor Vehicle Highway (#202)8,356,994 9,972,287 10,197,235 11,856,151 6,228,090 1,951,436 8,179,526 3,676,625 69% MVH Restricted (#266)2,532,426 2,291,664 4,647,434 5,070,313 2,852,736 1,066,566 3,919,303 1,151,010 77% Total Expenditures 10,889,419 12,263,951 14,844,669 16,926,464 9,080,826 3,018,003 12,098,829 4,827,635 71% Expenditures by Activity Streets / Traffic & Lighting 9,686,646 10,943,687 12,964,770 14,506,602 8,099,718 2,532,641 10,632,359 3,874,243 73% Curb & Sidewalk Program 1,202,773 1,320,264 1,879,899 2,419,862 981,108 485,361 1,466,470 953,392 61% Total Expenditures 10,889,419 12,263,951 14,844,669 16,926,464 9,080,826 3,018,003 12,098,829 4,827,635 71% Expenditures by Type Personnel Salaries & Wages 2,936,488 3,074,589 3,759,584 3,759,584 2,050,649 - 2,050,649 1,708,935 55% Fringe Benefits 1,241,911 1,279,038 1,583,345 1,583,345 889,892 - 889,892 693,453 56% Total Personnel 4,178,400 4,353,627 5,342,929 5,342,929 2,940,541 - 2,940,541 2,402,388 55% Supplies 2,230,544 1,997,807 2,236,929 2,438,527 1,844,599 210,587 2,055,185 383,342 84% Services & Charges Professional Services 255,097 639,109 700,000 1,239,963 438,829 485,361 924,190 315,773 75% Printing & Advertising 194 771 2,950 3,142 387 - 387 2,755 12% Utilities 44,364 41,299 51,856 51,856 33,164 - 33,164 18,692 64% Repairs & Maintenance 1,742,208 1,205,803 2,111,850 2,452,707 1,679,206 240,508 1,919,715 532,992 78% Education & Training 13,900 2,845 10,000 8,291 8,291 - 8,291 - 100% Travel 2,210 - 5,000 8,000 5,135 - 5,135 2,865 64% Other Services & Charges 161,862 102,368 149,210 146,569 1,507 346 1,853 144,716 1% Debt Service Principal 590,097 874,648 1,129,822 1,130,378 868,870 - 868,870 261,509 77% Debt Service Interest & Fees 28,674 39,036 74,541 73,985 33,807 - 33,807 40,178 46% Total Services & Charges 2,838,607 2,905,881 4,235,229 5,114,891 3,069,196 726,215 3,795,411 1,319,480 74% Operating Expenditures 9,247,550 9,257,315 11,815,087 12,896,347 7,854,336 936,802 8,791,138 4,105,210 68% Capital 102,840 1,586,880 1,700,000 2,700,535 340,102 2,081,201 2,421,303 279,232 90% Bad Debt 4,042 - - - - - - - - Interfund Allocations 1,534,987 1,419,756 1,329,582 1,329,582 886,388 - 886,388 443,194 67% Total Expenditures 10,889,419 12,263,951 14,844,669 16,926,464 9,080,826 3,018,003 12,098,829 4,827,636 71% Net Surplus / (Deficit)2,346,444 (890,352) (1,016,986) (3,057,597) 914,250 (2,103,752) 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 3,757,151 7,755,870 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. 62 City of South Bend, Indiana Monthly Financial Report August 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 1,293,133 1,293,133 536,019 71% Intergov./ Grants 101,082 670,528 947,000 936,490 145,348 145,348 791,142 16% Interest Earnings 43,781 18,850 7,417 7,417 15,163 15,163 (7,746) 204% Other Income 18,968 - - 10,510 10,510 10,510 - 100% Interfund Transfers In - - - - - - - - Total Revenue 1,945,448 2,628,875 2,783,569 2,783,569 1,464,155 1,464,155 1,319,415 53% Expenditures by Type Supplies 4,468 367,364 350,000 133,184 36,607 28,538 65,145 68,039 49% Services & Charges Professional Services 200,078 459,207 1,170,000 1,742,455 432,066 1,155,780 1,587,845 154,610 91% Repairs & Maintenance 795,967 534,977 250,000 168,494 125,774 42,720 168,494 - 100% Other Services & Charges 2,094 8,202 - - - - - - - Total Services & Charges 998,139 1,002,386 1,420,000 1,910,949 557,840 1,198,499 1,756,339 154,610 92% Capital 1,552,078 543,198 300,000 612,767 110,645 180,001 290,645 322,121 47% Interfund Transfers Out 1,000,000 2,000,000 1,000,000 1,000,000 350,100 - 350,100 649,900 35% Total Expenditures 3,554,685 3,912,948 3,070,000 3,656,900 1,055,192 1,407,038 2,462,229 1,194,670 67% Net Surplus / (Deficit)(1,609,236) (1,284,072) (286,431) (873,331) 408,963 (998,075) 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 2,747,746 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 63 City of South Bend, Indiana Monthly Financial Report August 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 1,469 543 843 1,455 1,455 (612) 173% Other Income - 1,500 - - - - - - Total Revenue 145,354 2,969 543 843 1,455 1,455 (612) 173% 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 (56,107) 1,455 (55,495) Beginning Cash Balance 170,735 266,588 245,630 Cash Adjustments 293 - - Ending Cash Balance 266,588 245,630 189,523 246,657 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 64 City of South Bend, Indiana Monthly Financial Report August 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 1,000,000 350,100 350,100 649,900 35% Interest Earnings 7,642 4,832 1,049 2,427 5,253 5,253 (2,826) 216% Other Income - - - - - - - - Interfund Transfers In 1,522,365 1,000,000 1,000,000 1,000,000 350,100 350,100 649,900 35% Total Revenue 2,632,372 1,795,904 2,001,049 2,002,427 705,453 705,453 1,296,974 35% Expenditures by Type Services & Charges Repairs & Maintenance 1,691,081 2,482,521 2,000,000 2,923,443 576,933 138,182 715,115 2,208,327 24% Other Services & Charges - - - - - - - - - Total Services & Charges 1,691,081 2,482,521 2,000,000 2,923,443 576,933 138,182 715,115 2,208,327 24% Capital - - - - - - - - - Total Expenditures 1,691,081 2,482,521 2,000,000 2,923,443 576,933 138,182 715,115 2,208,327 24% Net Surplus / (Deficit)941,291 (686,618) 1,049 (921,016) 128,520 (9,662) Beginning Cash Balance 449,431 1,391,493 704,875 Cash Adjustments 770 - - Ending Cash Balance 1,391,493 704,875 (216,141) 831,949 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 65 City of South Bend, Indiana Monthly Financial Report August 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 - - 12,329 12,329 (12,329) - Interest Earnings 17,411 9,556 3,481 6,250 12,497 12,497 (6,247) 200% Other Income 493,328 493,328 493,328 493,328 493,328 493,328 - 100% Total Revenue 511,407 587,639 496,809 499,578 518,154 518,154 (18,576) 104% Expenditures by Type Supplies - - 350,000 350,000 - - - 350,000 0% Services & Charges Professional Services 108,890 57,027 - 489,238 73,653 402,235 475,888 13,350 97% Repairs & Maintenance 44,201 - 450,000 450,000 - 450,000 450,000 - 100% Total Services & Charges 153,090 57,027 450,000 939,238 73,653 852,235 925,888 13,350 99% Capital 649,253 27,855 500,000 500,000 70,305 34,264 104,569 395,431 21% Interfund Transfers Out 522,365 - - - - - - - - Total Expenditures 1,324,708 84,882 1,300,000 1,789,238 143,958 886,499 1,030,457 758,781 58% Net Surplus / (Deficit)(813,301) 502,758 (803,191) (1,289,660) 374,196 (512,303) Beginning Cash Balance 2,195,972 1,386,436 1,889,193 Cash Adjustments 3,765 - - Ending Cash Balance 1,386,436 1,889,193 599,533 2,259,464 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 66 City of South Bend, Indiana Monthly Financial Report August 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 - 12,000 17,623 17,623 (5,623) 147% Interfund Transfers In - 8,601,026 - - - - - - Total Revenue - 8,622,248 - 12,000 17,623 17,623 (5,623) 147% Expenditures by Type Capital - 3,785,766 - 3,815,260 1,214,727 811,622 2,026,349 1,788,911 53% Interfund Transfers Out - 1,000,000 - - - - - - - Total Expenditures - 4,785,766 - 3,815,260 1,214,727 811,622 2,026,349 1,788,911 53% Net Surplus / (Deficit)- 3,836,482 - (3,803,260) (1,197,104) (2,008,726) Beginning Cash Balance - - 3,836,482 Cash Adjustments - - - Ending Cash Balance - 3,836,482 33,222 2,634,800 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. 67 City of South Bend, Indiana Monthly Financial Report August 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 4,557,419 4,557,419 1,840,781 71% Interest Earnings 2,362 781 - 2,000 2,166 2,166 (166) 108% Other Income 98,540 49,951 45,000 64,374 63,265 63,265 1,109 98% Interfund Transfers In 250,000 1,796,371 - 263,149 263,687 263,687 (538) 100% Total Revenue 6,007,008 7,939,316 6,443,200 6,727,723 4,886,536 4,886,536 1,841,186 73% Expenditures by Type Personnel Salaries & Wages 1,151,775 1,116,262 1,294,255 1,294,255 789,291 - 789,291 504,964 61% Fringe Benefits 491,924 450,803 625,177 625,177 321,042 - 321,042 304,135 51% Total Personnel 1,643,699 1,567,066 1,919,432 1,919,432 1,110,334 - 1,110,334 809,099 58% Supplies 328,387 314,035 448,120 449,050 284,585 930 285,515 163,535 64% Services & Charges Printing & Advertising 504 4,106 5,193 40,868 1,630 190 1,820 39,048 4% Repairs & Maintenance 1,156,210 1,249,530 1,030,000 1,030,000 1,330,967 - 1,330,967 (300,967) 129% Education & Training - 17,160 20,000 20,000 180 - 180 19,820 1% Travel - - 9,900 9,900 - - - 9,900 0% Other Services & Charges 1,163,619 1,126,780 1,206,884 1,263,578 761,132 361,826 1,122,958 140,620 89% Debt Service Principal - 250,000 - - - - - - - Total Services & Charges 2,320,333 2,647,575 2,271,977 2,364,346 2,093,909 362,016 2,455,925 (91,579) 104% Operating Expenditures 4,292,419 4,528,676 4,639,529 4,732,828 3,488,827 362,946 3,851,773 881,055 81% Bad Debt 35,467 24,584 62,273 62,273 635,936 - 635,936 (573,663) 1021% Interfund Interfund Allocations 958,978 1,185,129 1,187,501 1,187,501 791,667 - 791,667 395,834 67% Interfund Transfers Out 979,213 867,967 1,124,161 1,124,161 926,118 - 926,118 198,043 82% Total Interfund 1,938,191 2,053,096 2,311,662 2,311,662 1,717,786 - 1,717,786 593,877 74% Total Expenditures 6,266,076 6,606,356 7,013,464 7,106,763 5,842,549 362,946 6,205,494 901,269 87% Net Surplus / (Deficit)(259,069) 1,332,960 (570,264) (379,040) (956,012) (1,318,958) Beginning Cash Balance 449,145 87,032 906,471 Cash Adjustments (103,044) (513,522) - Ending Cash Balance 87,032 906,471 527,431 21,764 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 68 City of South Bend, Indiana Monthly Financial Report August 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 - 550 968 968 (418) 176% Debt Proceeds 375,000 758,270 1,430,000 1,559,726 1,559,726 1,559,726 - 100% Interfund Transfers In 979,213 867,967 1,124,161 1,124,161 926,118 926,118 198,043 82% Total Revenue 1,355,159 1,626,271 2,554,161 2,684,437 2,486,812 2,486,812 197,625 93% Expenditures by Type Services & Charges Debt Service Principal 927,626 843,122 1,061,327 1,061,836 752,088 - 752,088 309,748 71% Debt Service Interest & Fees 51,027 37,977 62,834 62,325 24,652 - 24,652 37,673 40% Total Services & Charges 978,653 881,100 1,124,161 1,124,161 776,740 - 776,740 347,421 69% Capital 53,416 354,135 1,430,000 2,338,861 758,270 1,294,726 2,052,996 285,865 88% Total Expenditures 1,032,069 1,235,235 2,554,161 3,463,022 1,535,010 1,294,726 2,829,736 633,286 82% Net Surplus / (Deficit)323,090 391,036 - (778,585) 951,802 (342,924) Beginning Cash Balance 64,925 388,126 779,163 Cash Adjustments 111 - - Ending Cash Balance 388,126 779,163 578 1,730,704 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 69 City of South Bend, Indiana Monthly Financial Report August 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 12,844,780 12,844,780 7,175,591 64% Interest Earnings 29,477 28,409 15,362 35,362 55,561 55,561 (20,199) 157% Other Income 30,256 23,582 20,000 105,912 39,513 39,513 66,399 37% Interfund Allocation Reimb 1,788,327 1,856,424 1,414,701 1,414,701 943,134 943,134 471,567 67% Interfund Transfers In 83,727 656,984 - 294,102 294,627 294,627 (525) 100% Total Revenue 21,461,793 21,989,022 21,470,434 21,870,448 14,177,615 14,177,615 7,692,833 65% Expenditures by Type Personnel Salaries & Wages 3,387,258 3,192,897 3,894,196 3,894,196 2,240,116 - 2,240,116 1,654,080 58% Fringe Benefits 1,442,985 1,353,254 1,764,581 1,764,581 990,945 - 990,945 773,636 56% Total Personnel 4,830,243 4,546,151 5,658,777 5,658,777 3,231,062 - 3,231,062 2,427,716 57% Supplies 1,266,625 1,039,704 1,531,847 1,912,196 1,100,414 178,169 1,278,582 633,614 67% Services & Charges Professional Services 850,848 749,968 656,560 1,157,568 613,865 209,702 823,567 334,001 71% Printing & Advertising 2,209 2,029 10,359 10,359 2,067 - 2,067 8,292 20% Utilities 752,924 774,893 825,700 825,700 587,847 - 587,847 237,853 71% Repairs & Maintenance 388,841 465,164 446,700 514,744 221,267 78,571 299,837 214,906 58% Education & Training 10,322 20,142 32,675 33,875 6,341 1,380 7,721 26,154 23% Travel 2,754 - 18,750 8,750 - - - 8,750 0% Other Services & Charges 2,998,135 2,896,198 3,079,422 3,181,675 1,803,046 267,387 2,070,432 1,111,243 65% Debt Service Principal 401,882 296,671 201,048 201,048 201,048 - 201,048 - 100% Debt Service Interest & Fees 15,525 8,064 3,132 3,132 3,131 - 3,131 1 100% Total Services & Charges 5,423,441 5,213,129 5,274,346 5,936,850 3,438,612 557,039 3,995,651 1,941,200 67% Operating Expenditures 11,520,310 10,798,983 12,464,970 13,507,823 7,770,087 735,208 8,505,295 5,002,530 63% Bad Debt 99,420 51,503 100,000 100,000 1,042,782 - 1,042,782 (942,782) 1043% Interfund Interfund Allocations 2,184,334 2,267,793 2,342,714 2,342,714 1,561,809 - 1,561,809 780,905 67% PILOT 1,629,442 1,611,201 1,613,639 1,613,639 1,613,639 - 1,613,639 - 100% Interfund Transfers Out 5,166,931 4,951,702 6,649,430 6,649,430 4,448,248 - 4,448,248 2,201,182 67% Total Interfund 8,980,707 8,830,696 10,605,783 10,605,783 7,623,696 - 7,623,696 2,982,087 72% Total Expenditures 20,600,437 19,681,182 23,170,753 24,213,606 16,436,566 735,208 17,171,773 7,041,835 71% Net Surplus / (Deficit)861,356 2,307,840 (1,700,319) (2,343,158) (2,258,951) (2,994,158) 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 4,207,299 4,345,933 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.70 City of South Bend, Indiana Monthly Financial Report August 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 37,522 37,522 172,478 18% Interest Earnings 51,626 50,372 2,173 32,000 64,925 64,925 (32,925) 203% Other Income 9,568 11,040 - - - - - - Interfund Transfers In 3,862,000 3,373,000 3,987,000 3,971,704 2,658,000 2,658,000 1,313,704 67% Total Revenue 4,160,101 3,606,371 4,199,173 4,213,704 2,760,447 2,760,447 1,453,257 66% Expenditures by Type Services & Charges Professional Services 31,704 22,740 100,000 309,347 26,649 32,698 59,347 250,000 19% Total Services & Charges 31,704 22,740 100,000 309,347 26,649 32,698 59,347 250,000 19% Capital 726,784 1,511,591 8,887,000 12,425,940 919,919 5,928,075 6,847,994 5,577,946 55% Bad Debt - (428) - - - - - - - Total Expenditures 758,488 1,533,903 8,987,000 12,735,287 946,567 5,960,774 6,907,341 5,827,946 54% Net Surplus / (Deficit)3,401,613 2,072,468 (4,787,827) (8,521,583) 1,813,879 (4,146,894) Beginning Cash Balance 4,187,432 7,652,044 9,672,979 Cash Adjustments 62,999 (51,533) - Ending Cash Balance 7,652,044 9,672,979 1,151,396 11,504,234 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. 71 City of South Bend, Indiana Monthly Financial Report August 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 - - 2,277 2,277 (2,277) - Total Revenue 11,222 7,493 - - 2,277 2,277 (2,277) - Expenditures Interfund Transfers Out 16,448 7,493 - - - - - - - Total Expenditures 16,448 7,493 - - - - - - - Net Surplus / (Deficit)(5,227) - - - 2,277 2,277 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 1,310,389 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 72 City of South Bend, Indiana Monthly Financial Report August 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 - - 2,744 2,744 (2,744) - Interfund Transfers In 1,218,000 1,508,702 2,662,430 2,662,430 1,774,952 1,774,952 887,478 67% Total Revenue 1,226,907 1,511,520 2,662,430 2,662,430 1,777,696 1,777,696 884,734 67% 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 443,037 417,148 723,157 723,157 195,723 - 195,723 527,434 27% Total Services & Charges 1,501,136 1,511,025 2,662,430 2,662,430 195,723 - 195,723 2,466,707 7% Interfund Transfers Out 10,069 2,818 - - - - - - - Total Expenditures 1,511,205 1,513,843 2,662,430 2,662,430 195,723 - 195,723 2,466,707 7% Net Surplus / (Deficit)(284,298) (2,323) - - 1,581,973 1,581,973 Beginning Cash Balance 286,131 2,323 - Cash Adjustments 491 - - Ending Cash Balance 2,323 - - 1,579,229 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 73 City of South Bend, Indiana Monthly Financial Report August 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 - 22 2,490 2,490 (2,468) 11320% Total Revenue 12,438 8,191 - 22 2,490 2,490 (2,468) 11320% Expenditures Interfund Transfers Out 20,000 8,188 - - - - - - - Total Expenditures 20,000 8,188 - - - - - - - Net Surplus / (Deficit)(7,562) 4 - 22 2,490 2,490 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 1,422,826 1,422,881 Cash Reserves Target 1,422,800 1,422,804 1,422,826 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 74 City of South Bend, Indiana Monthly Financial Report August 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 - - 5,087 5,087 (5,087) - Interfund Transfers In 16,931 - - 15,296 15,296 15,296 - 100% Total Revenue 42,357 17,168 - 15,296 20,383 20,383 (5,087) 133% Expenditures Interfund Transfers Out 37,210 17,168 - - - - - - - Total Expenditures 37,210 17,168 - - - - - - - Net Surplus / (Deficit)5,147 - - 15,296 20,383 20,383 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 75 City of South Bend, Indiana Monthly Financial Report August 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 672,463 697,338 659,500 659,500 467,220 467,220 192,280 71% Interest Earnings 18,620 12,053 16,020 16,020 11,699 11,699 4,321 73% Other Income - - - - - - - - Interfund Transfers In - - - 48,167 48,167 48,167 - 100% Total Revenue 691,083 709,391 675,520 723,687 527,087 527,087 196,601 73% Expenditures by Type Personnel Salaries & Wages 116,128 119,441 128,227 128,227 77,456 - 77,456 50,771 60% Fringe Benefits 51,106 52,566 55,297 55,297 37,000 - 37,000 18,297 67% Total Personnel 167,234 172,007 183,524 183,524 114,455 - 114,455 69,068 62% Supplies 26,545 34,659 65,500 65,500 33,567 - 33,567 31,933 51% Services & Charges Printing & Advertising - - 350 350 - - - 350 0% Repairs & Maintenance 507,227 422,857 401,000 401,000 339,507 - 339,507 61,493 85% Other Services & Charges 6,875 - - - - - - - - Total Services & Charges 514,102 422,857 401,350 401,350 339,507 - 339,507 61,843 85% Operating Expenditures 707,880 629,522 650,374 650,374 487,529 - 487,529 162,844 75% Bad Debt 3,705 1,891 6,500 6,500 55,058 - 55,058 (48,558) 847% Interfund Allocations 84,511 91,901 96,195 96,195 64,130 - 64,130 32,065 67% Total Expenditures 796,097 723,314 753,069 753,069 606,717 - 606,717 146,351 81% Net Surplus / (Deficit)(105,014) (13,923) (77,549) (29,382) (79,631) (79,631) 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 1,974,479 1,940,036 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 76 City of South Bend, Indiana Monthly Financial Report August 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 26,959,776 26,959,776 11,439,174 70% Interest Earnings 80,803 69,545 10,333 77,000 135,099 135,099 (58,099) 175% Other Income 36,100 276,595 5,142 92,480 94,333 94,333 (1,853) 102% Interfund Allocation Reimb 446,759 449,895 463,761 463,761 309,174 309,174 154,587 67% Interfund Transfers In 77,322 1,697,758 - 414,387 415,513 415,513 (1,126) 100% Total Revenue 37,610,549 41,265,804 38,878,186 39,446,578 27,913,895 27,913,895 11,532,683 71% Expenditures by Division Sewers 5,816,750 6,803,434 6,687,529 7,988,649 5,264,965 1,248,897 6,513,862 1,474,787 82% Concrete Crew 416,511 466,063 556,545 558,385 341,926 1,016 342,942 215,443 61% Wastewater 33,360,472 29,353,258 32,667,861 35,630,625 22,917,728 1,794,332 24,712,060 10,918,564 69% Organic Resources 1,587,652 1,326,459 1,508,008 1,548,840 1,027,655 106,093 1,133,748 415,092 73% Total Expenditures 41,181,385 37,949,214 41,419,943 45,726,498 29,552,273 3,150,338 32,702,611 13,023,886 72% Expenditures by Type Personnel Salaries & Wages 4,716,820 4,777,198 5,469,187 5,469,187 3,191,820 - 3,191,820 2,277,367 58% Fringe Benefits 1,973,822 1,956,552 2,367,307 2,367,307 1,351,700 - 1,351,700 1,015,607 57% Total Personnel 6,690,642 6,733,749 7,836,494 7,836,494 4,543,520 - 4,543,520 3,292,974 58% Supplies 1,666,866 1,569,805 2,038,904 2,330,949 1,461,848 259,124 1,720,971 609,978 74% Services & Charges Professional Services 849,692 399,309 210,000 1,815,767 403,345 1,245,409 1,648,754 167,013 91% Printing & Advertising 849 1,623 6,749 6,749 963 - 963 5,786 14% Utilities 1,101,420 1,160,652 1,322,556 1,322,556 853,818 - 853,818 468,739 65% Repairs & Maintenance 1,455,801 1,677,510 2,115,850 2,729,159 1,153,281 115,215 1,268,495 1,460,664 46% Education & Training 12,122 15,176 36,500 36,374 14,856 3,235 18,091 18,283 50% Travel 6,202 356 38,000 39,500 7,135 583 7,718 31,782 20% Other Services & Charges 2,439,052 3,157,093 2,079,655 3,847,106 872,933 1,510,467 2,383,400 1,463,705 62% Debt Service Principal 514,260 294,414 188,483 188,483 188,482 - 188,482 1 100% Debt Service Interest & Fees 16,278 7,815 2,936 2,936 2,935 - 2,935 1 100% Total Services & Charges 6,395,675 6,713,948 6,000,729 9,988,629 3,497,748 2,874,909 6,372,657 3,615,974 64% Operating Expenditures 14,753,183 15,017,502 15,876,127 20,156,072 9,503,116 3,134,033 12,637,149 7,518,926 63% Capital - - - 26,610 10,305 16,305 26,610 - 100% Bad Debt 158,420 83,831 225,000 225,000 1,671,083 - 1,671,083 (1,446,083) 743% Interfund Interfund Allocations 5,645,332 6,312,945 6,081,041 6,081,041 4,054,027 - 4,054,027 2,027,014 67% PILOT 4,592,349 4,543,120 4,465,686 4,465,686 4,465,686 - 4,465,686 - 100% Interfund Transfers Out 16,032,102 11,991,816 14,772,089 14,772,089 9,848,056 - 9,848,056 4,924,033 67% Total Interfund 26,269,783 22,847,881 25,318,816 25,318,816 18,367,769 - 18,367,769 6,951,047 73% Total Expenditures 41,181,385 37,949,214 41,419,943 45,726,498 29,552,273 3,150,338 32,702,611 13,023,890 72% Net Surplus / (Deficit)(3,570,836) 3,316,590 (2,541,757) (6,279,920) (1,638,378) (4,788,716) Beginning Cash Balance 15,409,455 11,466,153 13,825,371 Cash Adjustments (372,465) (957,372) - Ending Cash Balance 11,466,153 13,825,371 7,545,451 12,644,685 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. 77 City of South Bend, Indiana Monthly Financial Report August 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 89,025 89,025 249,975 26% Interest Earnings 137,764 87,851 1,399 42,500 85,155 85,155 (42,655) 200% Other Income 17,342 24,656 - - - - - - Interfund Transfers In 7,911,000 5,946,370 3,693,000 3,874,147 2,643,147 2,643,147 1,231,000 68% Total Revenue 8,613,472 6,598,607 4,033,399 4,255,647 2,817,327 2,817,327 1,438,320 66% Expenditures by Type Services & Charges Professional Services - - 2,400,000 2,400,000 11,000 38,250 49,250 2,350,750 98% Total Services & Charges - - 2,400,000 2,400,000 11,000 38,250 49,250 2,350,750 2% Capital 4,248,134 6,048,729 8,293,000 12,214,348 2,564,256 2,270,263 4,834,519 7,379,829 40% Bad Debt - (1,031) - - - - - - - Total Expenditures 4,248,134 6,047,698 10,693,000 14,614,348 2,575,256 2,308,513 4,883,769 9,730,579 33% Net Surplus / (Deficit)4,365,338 550,908 (6,659,601) (10,358,701) 242,071 (2,066,442) Beginning Cash Balance 9,417,064 13,821,218 14,359,708 Cash Adjustments 38,815 (12,418) - Ending Cash Balance 13,821,218 14,359,708 4,001,007 14,586,812 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 78 City of South Bend, Indiana Monthly Financial Report August 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 - - 9,643 9,643 (9,643) - Interfund Transfers In - - - - - - - - Total Revenue 48,416 32,719 - - 9,643 9,643 (9,643) - Expenditures Interfund Transfers Out 71,004 32,719 - - - - - - - Total Expenditures 71,004 32,719 - - - - - - - Net Surplus / (Deficit)(22,588) - - - 9,643 9,643 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 79 City of South Bend, Indiana Monthly Financial Report August 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 - 11,780 11,780 (11,780) - Debt Proceeds 5,743,815 14,339,893 - - - - - - Interfund Transfers In 8,110,581 7,845,090 11,079,089 11,107,089 7,414,056 7,414,056 3,693,033 67% Total Revenue 13,896,394 22,204,969 11,091,164 11,107,089 7,425,836 7,425,836 3,681,253 67% 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 2,407,904 633,696 - 633,696 1,774,208 26% Total Services & Charges 13,665,170 22,016,593 11,079,089 11,107,089 633,696 - 633,696 10,473,393 6% Interfund Transfers Out - 1,509,210 - - - - - - - Total Expenditures 13,665,170 23,525,803 11,079,089 11,107,089 633,696 - 633,696 10,473,393 6% Net Surplus / (Deficit)231,224 (1,320,833) 12,075 - 6,792,140 6,792,140 Beginning Cash Balance 1,087,745 1,320,833 - Cash Adjustments 1,865 - - Ending Cash Balance 1,320,833 - - 6,780,360 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 80 City of South Bend, Indiana Monthly Financial Report August 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 6,514 6,514 30,133 18% Interfund Transfers In - 1,509,210 - - - - - - Total Revenue 20,901 1,509,481 36,647 36,647 6,514 6,514 30,133 18% 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 6,514 6,514 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 81 City of South Bend, Indiana Monthly Financial Report August 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 - - 1,875 1,875 (1,875) - Total Revenue 4,641 4,446 - - 1,875 1,875 (1,875) - Expenditures Interfund Transfers Out 6,318 4,446 - - - - - - - Total Expenditures 6,318 4,446 - - - - - - - Net Surplus / (Deficit)(1,677) - - - 1,875 1,875 Beginning Cash Balance 413,157 649,073 903,840 Cash Adjustments 237,593 254,768 - Ending Cash Balance 649,073 903,840 903,840 1,079,368 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 82 City of South Bend, Indiana Monthly Financial Report August 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 446,136 466,321 451,610 451,610 303,346 303,346 148,264 67% Interest Earnings 4,176 2,322 2,244 2,244 1,981 1,981 263 88% Interfund Transfers In - - - 36,158 36,158 36,158 - 100% Total Revenue 450,312 468,643 453,854 490,012 341,484 341,484 148,527 70% 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 - - - - - - - - - Total Services & Charges - - - - - - - - - Operating Expenditures 65,478 47,821 96,746 96,746 8,671 - 8,671 88,076 9% Bad Debt 2,634 1,793 6,500 6,500 41,047 - 41,047 (34,547) 631% Interfund Interfund Allocations 42,385 37,736 46,462 46,462 30,975 - 30,975 15,487 67% Interfund Transfers Out 300,000 500,000 300,000 300,000 200,000 - 200,000 100,000 67% Total Interfund 342,385 537,736 346,462 346,462 230,975 - 230,975 115,487 67% Total Expenditures 410,497 587,350 449,708 449,708 280,693 - 280,693 169,016 62% Net Surplus / (Deficit)39,815 (118,707) 4,146 40,304 60,791 60,791 Beginning Cash Balance 398,183 425,913 282,057 Cash Adjustments (12,085) (25,149) - Ending Cash Balance 425,913 282,057 322,361 356,148 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 83 City of South Bend, Indiana Monthly Financial Report August 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 1,147,200 689,699 689,699 457,501 60% Intergov./ Grants - 68,000 - - - - - - Interest Earnings 4,831 7,492 4,172 6,000 11,164 11,164 (5,164) 186% Other Income - - - 12,000 12,000 12,000 - 100% Interfund Transfers In - - - 73,642 73,642 73,642 - 100% Total Revenue 1,042,729 1,139,829 1,151,372 1,238,842 786,505 786,505 452,337 63% Expenditures by Type Services & Charges Professional Services 11,085 74,572 200,000 457,213 132,017 193,206 325,224 131,989 71% Other Services & Charges - - - - - - - - - Total Services & Charges 11,085 74,572 200,000 457,213 132,017 193,206 325,224 131,989 71% Capital 90,050 436,855 824,000 1,814,243 274,439 947,617 1,222,056 592,187 67% Bad Debt 3,186 175 - - 80,123 - 80,123 (80,123) - Total Expenditures 104,322 511,602 1,024,000 2,271,456 486,579 1,140,824 1,627,403 644,053 72% Net Surplus / (Deficit)938,407 628,227 127,372 (1,032,614) 299,926 (840,898) Beginning Cash Balance 124,406 1,032,916 1,604,154 Cash Adjustments (29,898) (56,988) - Ending Cash Balance 1,032,916 1,604,154 571,540 1,926,985 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 84 City of South Bend, Indiana Monthly Financial Report August 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 4,802 4,802 198 96% Interest Earnings 1,895 993 896 896 1,046 1,046 (150) 117% Other Income 18 - - - - - - - Interfund Transfers In - 7,636 - - - - - - Total Revenue 6,591 31,299 5,896 5,896 5,848 5,848 48 99% 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) 5,848 5,848 Beginning Cash Balance 238,323 213,569 173,825 Cash Adjustments 409 - - Ending Cash Balance 213,569 173,825 135,221 179,361 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 85 City of South Bend, Indiana Monthly Financial Report August 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 - - - 171 171 (171) - Interest Earnings 115 82 - 8 8 8 - 99% Total Revenue 883 82 - 8 178 178 (171) 2231% Expenditures by Type Interfund Transfers Out - - 18,799 18,799 14,059 - 14,059 4,740 75% Total Expenditures - - 18,799 18,799 14,059 - 14,059 4,740 75% Net Surplus / (Deficit)883 82 (18,799) (18,791) (13,880) (13,880) Beginning Cash Balance 12,894 13,799 13,880 Cash Adjustments 22 - 4,911 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 86 City of South Bend, Indiana Monthly Financial Report August 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 - 252,783 306,193 306,193 (53,410) 121% Charges for Services 148,550 115,024 115,000 115,000 93,996 93,996 21,004 82% Fines, Forfeitures, and Fees 92,751 89,648 101,200 101,200 74,725 74,725 26,475 74% Interest Earnings 3,849 2,229 4,889 3,005 3,408 3,408 (403) 113% Donations 2,000 500 1,000 1,000 - - 1,000 0% Other Income 11,555 2,970 - 1,884 1,884 1,884 - 100% Interfund Transfers In - 73,512 352,373 352,373 218,353 218,353 134,020 62% Total Revenue 258,705 325,862 574,462 827,245 698,559 698,559 128,686 84% Expenditures by Type Supplies 62,084 193,652 137,000 263,199 179,051 20,130 199,181 64,017 76% Services & Charges Professional Services 1,136 188 - 2,000 1,929 - 1,929 71 96% Education & Training 81,558 131,259 90,000 130,375 137,472 240 137,712 (7,337) 106% Travel 20,646 28,840 51,500 36,745 37,676 - 37,676 (931) 103% Other Services & Charges 31,421 69,045 59,250 32,250 52,119 879 52,999 (20,749) 164% Total Services & Charges 134,762 229,333 200,750 201,370 229,196 1,119 230,316 (28,946) 114% Capital - - - 40,000 26,338 9,193 35,531 4,469 89% Bad Debt 54 - - - - - - - - Interfund Transfers Out - - - 19,000 19,000 - 19,000 - 100% Total Expenditures 196,900 422,985 337,750 523,568 453,586 30,442 484,028 39,540 92% Net Surplus / (Deficit)61,806 (97,123) 236,712 303,677 244,974 214,531 Beginning Cash Balance 421,276 483,549 378,981 Cash Adjustments 467 (7,445) - Ending Cash Balance 483,549 378,981 682,658 629,695 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 87 City of South Bend, Indiana Monthly Financial Report August 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 9,168,554 6,266,854 6,266,854 2,901,700 68% Interest Earnings 33,595 25,015 10,000 10,000 14,595 14,595 (4,595) 146% Total Revenue 9,736,892 9,416,761 8,836,957 9,178,554 6,281,449 6,281,449 2,897,105 68% Expenditures by Department Police Department 4,619,654 4,737,560 6,344,523 6,344,523 4,148,340 - 4,148,340 2,196,183 65% Fire Department 4,330,886 4,880,453 6,344,524 6,344,524 4,148,340 - 4,148,340 2,196,184 65% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 8,296,680 - 8,296,680 4,392,367 65% Expenditures by Type Personnel Salaries & Wages 6,703,431 7,651,358 12,689,047 12,689,047 8,296,680 - 8,296,680 4,392,367 65% Fringe Benefits 2,247,109 1,966,655 - - - - - - - Total Personnel 8,950,540 9,618,013 12,689,047 12,689,047 8,296,680 - 8,296,680 4,392,367 65% Total Expenditures 8,950,540 9,618,013 12,689,047 12,689,047 8,296,680 - 8,296,680 4,392,367 65% Net Surplus / (Deficit)786,352 (201,253) (3,852,090) (3,510,493) (2,015,231) (2,015,231) Beginning Cash Balance 3,253,787 4,045,717 3,844,465 Cash Adjustments 5,578 - - Ending Cash Balance 4,045,717 3,844,465 333,972 1,826,062 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 88 City of South Bend, Indiana Monthly Financial Report August 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 20,720 27,560 27,560 (6,840) 133% Interest Earnings 5,998 4,038 5,434 5,434 4,246 4,246 1,188 78% Total Revenue 11,478 18,678 11,154 26,154 31,806 31,806 (5,652) 122% 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) (23,846) 31,806 31,806 Beginning Cash Balance 725,194 681,823 698,546 Cash Adjustments 2,928 (1,685) - Ending Cash Balance 681,823 698,546 674,700 729,085 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. 89 City of South Bend, Indiana Monthly Financial Report August 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 - 119% Total Revenue 36 24 - 2 2 2 - 119% 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) (4,336) (4,162) (4,162) Beginning Cash Balance 4,095 4,138 4,162 Cash Adjustments 7 - 174 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 90 City of South Bend, Indiana Monthly Financial Report August 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 - - - - - Charges for Services 2,514,908 1,905,360 1,837,850 1,892,852 1,314,696 1,314,696 578,156 69% Fines, Forfeitures, and Fees - 300 - - - - - - Interest Earnings 9,151 8,474 9,023 9,023 9,782 9,782 (759) 108% Debt Proceeds 1,660,000 210,000 2,310,000 2,355,000 1,355,000 1,355,000 1,000,000 58% Other Income 8,244 1,334 - 19,998 19,998 19,998 - 100% Interfund Transfers In - - - - - - - - Total Revenue 4,192,303 2,125,468 4,231,873 4,276,873 2,699,477 2,699,477 1,577,397 63% Expenditures by Type Supplies - - - - - - - - - Services & Charges Debt Service Principal 343,971 662,651 1,132,508 1,132,950 669,930 - 669,930 463,020 59% Debt Service Interest & Fees 31,114 36,120 82,708 82,266 25,310 - 25,310 56,956 31% Total Services & Charges 375,085 698,771 1,215,216 1,215,216 695,240 - 695,240 519,976 57% Capital 1,925,268 1,029,049 2,610,000 4,834,466 640,760 1,665,073 2,305,833 2,528,633 48% Interfund Transfers Out 746,231 750,306 748,657 748,657 748,656 - 748,656 1 100% Total Expenditures 3,046,584 2,478,126 4,573,873 6,798,339 2,084,657 1,665,073 3,749,730 3,048,610 55% Net Surplus / (Deficit)1,145,719 (352,658) (342,000) (2,521,466) 614,820 (1,050,253) Beginning Cash Balance 1,962,214 3,111,296 2,758,339 Cash Adjustments 3,364 (300) - Ending Cash Balance 3,111,296 2,758,339 236,873 3,370,330 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 91 City of South Bend, Indiana Monthly Financial Report August 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 50,224 - - - - - - - - Total Services & Charges 99,013 - - - - - - - - Bad Debt 4,722 - - - - - - - - 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 92 City of South Bend, Indiana Monthly Financial Report August 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 243 165 256 256 166 166 90 65% Other Income - - - - - - - - Total Revenue 243 165 10,256 10,256 166 166 10,090 2% Expenditures by Type Supplies - - 10,000 10,000 200 - 200 9,800 2% Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - 10,000 10,000 200 - 200 9,800 2% Net Surplus / (Deficit)243 165 256 256 (34) (34) Beginning Cash Balance 27,647 27,937 28,102 Cash Adjustments 47 - - Ending Cash Balance 27,937 28,102 28,358 28,220 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 93 City of South Bend, Indiana Monthly Financial Report August 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 64,405 64,405 25,595 72% Interest Earnings 2,955 1,993 2,991 2,991 2,038 2,038 953 68% Other Income - 1,300 - - - - - - Total Revenue 57,555 97,843 92,991 92,991 66,443 66,443 26,548 71% Expenditures by Type Supplies 16,731 32,702 24,000 73,475 52,490 2,504 54,994 18,481 75% Services & Charges Professional Services - - - Printing & Advertising - - 1,300 1,300 - - - 1,300 0% Education & Training 425 13,608 9,000 12,000 19,016 - 19,016 (7,016) 158% Travel 2,524 1,483 15,000 2,000 - - - 2,000 0% Repairs & Maintenance - 4,210 43,000 10,584 7,796 - 7,796 2,788 74% Other Services & Charges - 1,133 - - 575 - 575 (575) - Total Services & Charges 2,949 20,433 68,300 25,884 27,387 - 27,387 (1,503) 106% Capital - - - - - - - - - Total Expenditures 19,679 53,135 92,300 99,359 79,878 2,504 82,381 16,978 83% Net Surplus / (Deficit)37,876 44,708 691 (6,368) (13,435) (15,938) Beginning Cash Balance 293,325 330,404 360,311 Cash Adjustments (797) (14,800) - Ending Cash Balance 330,404 360,311 353,943 337,890 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 94 City of South Bend, Indiana Monthly Financial Report August 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 95 City of South Bend, Indiana Monthly Financial Report August 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 - 100% Total Revenue 10,456 20,444 - 83 83 83 - 100% 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) (174,917) (146,328) (146,328) Beginning Cash Balance 118,481 125,984 146,328 Cash Adjustments 203 - 28,589 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 96 City of South Bend, Indiana Monthly Financial Report August 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 - 100% Other Income 260 120 - - - - - - Total Revenue 188,771 111,077 - 30 30 30 - 100% 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) (145,778) (24,536) (45,345) Beginning Cash Balance 169,439 73,474 45,349 Cash Adjustments 290 - 100,429 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 97 City of South Bend, Indiana Monthly Financial Report August 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 70,027 70,785 70,785 (758) 101% Interest Earnings 723 192 697 697 361 361 336 52% Interfund Transfers In - - - 19,000 19,000 19,000 - 100% Total Revenue 723 58,110 25,697 89,724 90,146 90,146 (422) 100% Expenditures by Type Supplies - - 6,000 56,000 34,145 - 34,145 21,855 61% Services & Charges Professional Services - - - - 9,999 - 9,999 (9,999) - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - 9,999 - 9,999 (9,999) - Capital 31,000 - 22,500 22,500 - 15,835 15,835 6,665 70% Interfund Transfers Out - 81,148 - - - - - - - Total Expenditures 31,000 81,148 28,500 78,500 44,144 15,835 59,979 18,521 76% Net Surplus / (Deficit)(30,277) (23,037) (2,803) 11,224 46,002 30,167 Beginning Cash Balance 113,552 83,275 60,237 Cash Adjustments - - - Ending Cash Balance 83,275 60,237 71,461 106,239 Cash Reserves Target 7,750 20,287 19,625 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 98 City of South Bend, Indiana Monthly Financial Report August 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 341,231 345,306 344,157 344,157 344,156 344,156 1 100% Total Revenue 341,231 345,306 344,157 344,157 344,156 344,156 1 100% Expenditures by Type Services & Charges Debt Service Principal 195,000 205,000 210,000 210,000 210,000 - 210,000 - 100% Debt Service Interest & Fees 146,231 140,306 134,157 134,157 134,156 - 134,156 1 100% Total Services & Charges 341,231 345,306 344,157 344,157 344,156 - 344,156 1 100% Total Expenditures 341,231 345,306 344,157 344,157 344,156 - 344,156 1 100% 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 99 City of South Bend, Indiana Monthly Financial Report August 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 - 1,250 1,872 1,872 (622) 150% Total Revenue 2,981 1,857 - 1,250 1,872 1,872 (622) 150% Expenditures by Type Capital 89,311 - - - - - - - - Total Expenditures 89,311 - - - - - - - - Net Surplus / (Deficit)(86,330) 1,857 - 1,250 1,872 1,872 Beginning Cash Balance 399,877 314,233 316,090 Cash Adjustments 686 - - Ending Cash Balance 314,233 316,090 317,340 317,411 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 100 City of South Bend, Indiana Monthly Financial Report August 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 4,061,778 2,032,639 2,032,639 2,029,139 50% Interest Earnings 2,205 1,809 11 311 514 514 (203) 165% Other Income - - - 3,922 3,922 3,922 - 100% Total Revenue 4,325,739 4,103,087 4,521,270 4,066,011 2,037,075 2,037,075 2,028,936 50% Expenditures by Type Personnel Salaries & Wages 4,205,078 4,131,672 4,576,038 4,576,038 2,736,424 - 2,736,424 1,839,614 60% Total Personnel 4,205,078 4,131,672 4,576,038 4,576,038 2,736,424 - 2,736,424 1,839,614 60% Supplies - - 100 100 - - - 100 0% Services & Charges Professional Services 3,500 3,500 6,000 6,000 8,767 - 8,767 (2,767) 146% Travel - - 350 350 - - - 350 0% Other Services & Charges 679 1,296 1,400 1,400 818 - 818 582 58% Total Services & Charges 4,179 4,796 7,750 7,750 9,585 - 9,585 (1,835) 124% Total Expenditures 4,209,256 4,136,468 4,583,888 4,583,888 2,746,010 - 2,746,010 1,837,879 60% Net Surplus / (Deficit)116,482 (33,381) (62,618) (517,877) (708,935) (708,935) Beginning Cash Balance 336,501 453,561 420,180 Cash Adjustments 577 - - Ending Cash Balance 453,561 420,180 (97,697) (288,755) 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 101 City of South Bend, Indiana Monthly Financial Report August 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 6,015,102 3,009,301 3,009,301 3,005,801 50% Interest Earnings 3,126 2,305 4,310 4,310 695 695 3,615 16% 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 6,021,412 3,011,523 3,011,523 3,009,889 50% Expenditures by Type Personnel Salaries & Wages 6,186,554 5,958,435 6,049,340 6,049,340 3,988,946 - 3,988,946 2,060,394 66% Total Personnel 6,186,554 5,958,435 6,049,340 6,049,340 3,988,946 - 3,988,946 2,060,394 66% 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 1,400 654 - 654 746 47% Total Services & Charges 4,445 4,329 8,400 8,400 4,154 - 4,154 4,246 49% Total Expenditures 6,190,998 5,962,764 6,057,740 6,057,740 3,993,100 - 3,993,100 2,064,640 66% Net Surplus / (Deficit)(132,776) (5,646) 6,310 (36,328) (981,577) (981,577) Beginning Cash Balance 698,148 566,569 560,923 Cash Adjustments 1,197 - - Ending Cash Balance 566,569 560,923 524,595 (420,654) 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 102 City of South Bend, Indiana Monthly Financial Report August 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 - 139% Donations - - - - - - - - Total Revenue 21 14 - 1 1 1 - 139% 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) (2,519) (2,435) (2,435) Beginning Cash Balance 2,395 2,420 2,435 Cash Adjustments 4 - 84 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 103 City of South Bend, Indiana Monthly Financial Report August 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 5,801,008 5,801,008 4,779,405 55% Intergov./ Shared Revenues 904,581 911,437 953,848 953,848 427,491 427,491 526,357 45% Intergov./ Grants 648,098 200,000 - - - - - - Licenses & Permits - 253 - 250 213 213 38 85% Charges for Services 2,760,462 2,922,965 3,196,581 3,108,794 2,623,224 2,623,224 485,570 84% Fines, Forfeitures, and Fees - 12 - - 24 24 (24) - Interest Earnings 7,167 20,758 50,000 15,000 23,164 23,164 (8,164) 154% Debt Proceeds - - 269,000 1,290,000 1,290,000 1,290,000 - 100% Donations 1,061,421 912,899 1,000,000 1,061,000 640,829 640,829 420,171 60% Other Income 127,858 132,135 314,941 377,287 122,999 122,999 254,288 33% Interfund Transfers In 800,000 1,232,541 119,221 119,221 79,481 79,481 39,740 67% Total Revenue 15,876,432 16,604,000 16,484,004 17,505,813 11,008,432 11,008,432 6,497,381 63% Expenditures by Division Park Administration 1,499,024 1,528,718 1,137,939 1,138,336 709,117 2,702 711,819 426,517 63% Park Maintenance 6,962,316 6,987,490 7,542,027 9,202,281 5,301,624 562,076 5,863,699 3,338,581 64% Golf Courses 1,501,398 1,700,799 1,831,495 1,856,271 1,340,762 69,890 1,410,652 445,619 76% Recreational Experiences 2,773,309 2,683,314 2,444,112 2,480,739 1,604,173 33,456 1,637,629 843,110 66% Community Programming - - 1,604,980 1,627,786 839,127 1,622 840,749 787,038 52% Development & Promotions 882,516 911,174 921,648 1,119,622 651,645 123,912 775,557 344,065 69% Park Projects & Capital 1,041,871 460,817 300,000 1,696,920 338,482 960,108 1,298,590 398,331 77% Potawatomi Zoo 700,000 701,965 701,803 701,803 701,202 - 701,202 601 100% Total Expenditures 15,360,434 14,974,277 16,484,004 19,823,760 11,486,132 1,753,765 13,239,897 6,583,862 67% Expenditures by Type Personnel Salaries & Wages 6,015,996 5,799,795 6,516,670 6,573,570 4,054,118 - 4,054,118 2,519,452 62% Fringe Benefits 2,133,462 2,037,827 2,319,980 2,333,053 1,402,821 - 1,402,821 930,232 60% Total Personnel 8,149,458 7,837,623 8,836,650 8,906,623 5,456,939 - 5,456,939 3,449,684 61% Supplies 1,173,909 1,372,042 1,514,568 1,568,323 1,131,271 111,549 1,242,820 325,503 79% Services & Charges Professional Services 192,616 114,458 324,780 176,467 128,509 48,011 176,520 (53) 100% Printing & Advertising 102,375 155,635 258,800 415,394 258,451 124,098 382,548 32,846 92% Utilities 790,831 930,114 781,304 780,304 653,035 - 653,035 127,269 84% Repairs & Maintenance 515,084 636,277 584,034 606,229 447,482 24,591 472,073 134,157 78% Education & Training 11,167 15,827 25,425 26,525 16,095 3,956 20,051 6,474 76% Travel 3,355 5,123 33,400 31,655 5,588 14,649 20,236 11,419 64% Grants & Subsidies 715,000 715,000 715,000 715,000 715,000 - 715,000 - 100% Other Services & Charges 685,769 565,456 684,573 949,944 650,623 142,966 793,589 156,355 84% Debt Service Principal 504,636 452,898 291,946 387,683 316,843 - 316,843 70,840 82% Debt Service Interest & Fees 47,338 31,020 34,076 28,339 21,945 - 21,945 6,394 77% Total Services & Charges 3,568,171 3,621,808 3,733,338 4,117,540 3,213,571 358,270 3,571,840 545,701 87% Operating Expenditures 12,891,538 12,831,473 14,084,556 14,592,486 9,801,781 469,818 10,271,599 4,320,888 70% Capital 1,030,272 474,790 569,000 3,400,826 464,052 1,283,947 1,747,999 1,652,827 51% Bad Debt 5,606 - - - - - - - - Interfund Interfund Allocations 1,421,220 1,668,015 1,830,448 1,830,448 1,220,299 - 1,220,299 610,149 67% Interfund Transfers Out 11,799 - - - - - - - - Total Interfund 1,433,019 1,668,015 1,830,448 1,830,448 1,220,299 - 1,220,299 610,149 67% Total Expenditures 15,360,434 14,974,277 16,484,004 19,823,760 11,486,132 1,753,765 13,239,897 6,583,864 67% Net Surplus / (Deficit)515,998 1,629,723 - (2,317,947) (477,700) (2,231,465) 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 3,547,911 5,500,405 Cash Reserves Target 3,840,108 3,743,569 4,955,940 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 104 City of South Bend, Indiana Monthly Financial Report August 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 - 99% Donations - 500 - - - - - - Total Revenue 4,183 5,936 - 43 43 43 - 99% 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) (99,957) (74,809) (74,809) Beginning Cash Balance 73,045 76,521 74,809 Cash Adjustments 125 - 25,148 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 105 City of South Bend, Indiana Monthly Financial Report August 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 - 100% Total Revenue 39,372 38,578 - 150 150 150 - 100% 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) (409,850) (264,010) (264,010) Beginning Cash Balance 186,839 225,432 264,010 Cash Adjustments 320 - 145,840 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 106 City of South Bend, Indiana Monthly Financial Report August 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 1,100,842 632,556 632,556 468,286 57% Intergov./ Shared Revenues 63,774 68,319 48,786 48,786 32,012 32,012 16,774 66% Interest Earnings (244) 500 1,176 1,176 253 253 923 21% Total Revenue 1,151,444 1,185,775 1,150,804 1,150,804 664,820 664,820 485,983 58% Expenditures by Type Services & Charges Debt Service Principal 785,000 825,000 830,000 830,000 830,000 - 830,000 - 100% Debt Service Interest & Fees 387,965 364,190 339,368 339,368 339,365 - 339,365 3 100% Total Services & Charges 1,172,965 1,189,190 1,169,368 1,169,368 1,169,365 - 1,169,365 3 100% Total Expenditures 1,172,965 1,189,190 1,169,368 1,169,368 1,169,365 - 1,169,365 3 100% Net Surplus / (Deficit)(21,521) (3,415) (18,564) (18,564) (504,545) (504,545) Beginning Cash Balance 208,740 187,578 184,163 Cash Adjustments 358 - - Ending Cash Balance 187,578 184,163 165,599 (320,382) 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 107 City of South Bend, Indiana Monthly Financial Report August 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 13,932 490 14,422 11,293 56% Total Services & Charges 15,099 10,183 25,000 25,715 13,932 490 14,422 11,293 56% Capital - - - - - - - - - Total Expenditures 15,099 10,183 25,000 25,715 13,932 490 14,422 11,293 56% Net Surplus / (Deficit)(14,955) (10,125) 109 (606) (13,658) (14,148) Beginning Cash Balance 25,850 11,685 814 Cash Adjustments 790 (746) - Ending Cash Balance 11,685 814 208 (12,844) 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 108 City of South Bend, Indiana Monthly Financial Report August 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 1,224,586 1,224,586 275,414 82% Interest Earnings - 218 - 3,000 5,246 5,246 (2,246) 175% Total Revenue - 775,632 1,500,000 1,503,000 1,229,832 1,229,832 273,168 82% Expenditures by Type Capital - - 1,500,000 3,602,900 1,038,840 1,486,180 2,525,020 1,077,880 70% Total Expenditures - - 1,500,000 3,602,900 1,038,840 1,486,180 2,525,020 1,077,880 70% Net Surplus / (Deficit)- 775,632 - (2,099,900) 190,992 (1,295,189) Beginning Cash Balance - - 775,632 Cash Adjustments - - - Ending Cash Balance - 775,632 (1,324,268) 964,947 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. 109 City of South Bend, Indiana Monthly Financial Report August 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 7,840 7,840 (1,029) 115% 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 6,509,730 6,509,730 (1,029) 100% Expenditures by Type Supplies - 14,811 25,000 25,000 - - - 25,000 0% Services & Charges Professional Services - - - 34,910 25,230 4,770 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 25,000 419,184 384,504 4,770 389,274 29,910 93% Capital 346,394 113,550 - 8,031,800 1,650,432 5,670,903 7,321,335 710,465 91% Total Expenditures 436,865 128,451 50,000 8,475,984 2,034,935 5,675,673 7,710,608 765,375 91% Net Surplus / (Deficit)(219,751) 1,709,829 541,811 (1,967,283) 4,474,794 (1,200,879) Beginning Cash Balance 422,125 203,098 1,912,926 Cash Adjustments 724 - - Ending Cash Balance 203,098 1,912,926 (54,357) 6,419,997 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 110 City of South Bend, Indiana Monthly Financial Report August 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 7,860 7,860 140 98% Interest Earnings 617 493 247 320 580 580 (260) 181% Total Revenue 7,094 12,571 8,247 8,320 8,440 8,440 (120) 101% 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) (26,680) 8,440 8,440 Beginning Cash Balance 107,792 80,911 93,481 Cash Adjustments 185 - - Ending Cash Balance 80,911 93,481 66,801 101,745 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 111 City of South Bend, Indiana Monthly Financial Report August 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 - - - 116 116 (116) - Debt Proceeds - - - 5,891,800 5,891,800 5,891,800 - 100% Total Revenue 293 - - 5,891,800 5,891,917 5,891,917 (116) 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 - - 5,573,613 133,460 - 133,460 5,440,153 2% Total Expenditures 121,222 - - 5,891,800 451,648 - 451,648 5,440,153 8% Net Surplus / (Deficit)(120,929) - - - 5,440,269 5,440,269 Beginning Cash Balance 120,929 - - Cash Adjustments - - - Ending Cash Balance - - - 5,440,269 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 2022 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. 112 City of South Bend, Indiana Monthly Financial Report August 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 - 14,801 22,898 22,898 (8,097) 155% Total Revenue 72,162 31,461 - 14,801 22,898 22,898 (8,097) 155% 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 11,799 2,000 13,799 13,953 50% Series C - Colfax-Seitz - 821,301 - 191,031 187,099 - 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 8,218 - 8,218 25,265 25% Series F - Seitz Park - - - 1,088,451 538,380 - 538,380 550,071 49% 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 - 125,741 - 40,660 40,660 85,081 32% Series I - Other Park Improv.109,488 66,543 - 65,844 7,364 1,074 8,438 57,406 13% Series J - Pinhook Connect 755,805 127,248 - 41,811 778 485 1,263 40,548 3% Series K - Future Projects 47,423 3,917 - 909,560 35,125 364,339 399,464 510,096 44% Total Expenditures 3,227,021 1,695,211 - 4,264,527 788,763 1,685,912 2,474,675 1,789,852 58% 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 - 4,258,063 788,763 1,685,912 2,474,675 1,783,388 58% Total Expenditures 3,227,021 1,695,211 - 4,264,527 788,763 1,685,912 2,474,675 1,789,852 58% Net Surplus / (Deficit)(3,154,859) (1,663,750) - (4,249,726) (765,865) (2,451,778) 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 10,000 3,492,837 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 113 City of South Bend, Indiana Monthly Financial Report August 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 844,835 905,346 913,300 913,300 537,685 537,685 375,615 59% Fines, Forfeitures, and Fees 38,862 45,810 50,000 50,000 27,154 27,154 22,846 54% Interest Earnings 8,089 4,803 2,495 2,495 4,687 4,687 (2,192) 188% Other Income 2,468 71 - - - - - - Total Revenue 894,253 956,029 965,795 965,795 569,526 569,526 396,269 59% Expenditures by Subdivisions Parking Enforcement 71,212 3,992 738 1,038 402 - 402 636 39% Parking General Operations 40,118 435,881 527,193 579,121 262,170 476 262,646 316,475 45% Main Street Garage 638,343 109,357 213,469 309,407 138,900 73,183 212,083 97,324 69% Leighton Plaza Garage 478,042 108,032 202,274 271,422 140,128 51,453 191,581 79,841 71% Wayne Street Garage 307,837 67,306 148,444 252,507 126,464 59,929 186,393 66,113 74% Eddy St Commons Garage 10,511 - - - - - - - - Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 668,064 185,042 853,106 560,389 60% Expenditures by Type Personnel Other Personnel Costs - 172,990 295,100 295,100 158,737 - 158,737 136,363 46% Total Personnel - 172,990 295,100 295,100 158,737 - 158,737 136,363 46% Supplies - 21,389 30,000 31,699 13,081 836 13,917 17,782 44% Services & Charges Professional Services 490,335 164,606 104,900 116,114 15,316 - 15,316 100,798 13% Utilities 100,720 101,784 131,000 131,000 76,705 - 76,705 54,295 59% Repairs & Maintenance 237,452 63,496 156,000 176,783 42,549 26,520 69,070 107,713 39% Other Services & Charges 16,358 24,276 22,200 22,237 7,813 - 7,813 14,424 35% Total Services & Charges 844,864 354,162 414,100 446,134 142,384 26,520 168,904 277,230 38% Operating Expenditures 844,864 548,541 739,200 772,933 314,201 27,357 341,558 431,375 44% Capital 576,152 14,248 190,000 477,644 275,068 157,685 432,753 44,892 91% Bad Debt 730 41 - - - - - - - Interfund Allocations 124,317 161,738 162,918 162,918 78,795 - 78,795 84,123 48% Total Expenditures 1,546,063 724,568 1,092,118 1,413,495 668,064 185,042 853,106 560,390 60% Net Surplus / (Deficit)(651,810) 231,462 (126,323) (447,700) (98,539) (283,580) Beginning Cash Balance 1,326,253 674,268 907,380 Cash Adjustments (175) 1,650 - Ending Cash Balance 674,268 907,380 459,680 808,036 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. 114 City of South Bend, Indiana Monthly Financial Report August 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 - - 987,000 985,000 550,990 550,990 434,010 56% Interest Earnings - - 4,657 4,657 4,601 4,601 56 99% Other Income - - 12,500 14,500 35,178 35,178 (20,678) 243% Interfund Allocation Reimb - - 89,450 89,450 29,817 29,817 59,633 33% Interfund Transfers In - - 1,110,000 1,110,000 939,012 939,012 170,988 85% Total Revenue - - 2,203,607 2,203,607 1,559,598 1,559,598 644,009 71% Expenditures by Subdivisions Morris Performing Arts Center - - 1,613,579 1,613,579 715,581 23,287 738,868 874,711 46% Events Promotion - - 70,000 70,000 - - - 70,000 0% Total Expenditures - - 1,683,579 1,683,579 715,581 23,287 738,868 944,711 44% Expenditures by Type Personnel Salaries & Wages - - 500,702 500,702 271,791 - 271,791 228,911 54% Fringe Benefits - - 228,225 228,225 113,307 - 113,307 114,918 50% Total Personnel - - 728,927 728,927 385,098 - 385,098 343,829 53% Supplies - - 25,000 25,000 12,808 647 13,455 11,545 54% Services & Charges Professional Services - - 200,000 200,500 7,584 10,500 18,084 182,416 9% Printing & Advertising - - 200,000 200,000 29,470 512 29,982 170,018 15% Utilities - - 139,100 139,100 86,971 - 86,971 52,129 63% Repairs & Maintenance - - 98,500 92,800 18,735 3,945 22,680 70,120 24% Education & Training - - 4,500 4,500 2,413 1,000 3,413 1,087 76% Travel - - 4,500 9,700 5,775 3,884 9,659 41 100% Other Services & Charges - - 20,350 20,350 8,888 2,800 11,688 8,662 57% Total Services & Charges - - 666,950 666,950 159,837 22,640 182,477 484,473 27% Operating Expenditures - - 1,420,877 1,420,877 557,743 23,287 581,030 839,847 41% Interfund Interfund Allocations - - 262,702 262,702 157,838 - 157,838 104,864 60% Total Interfund - - 262,702 262,702 157,838 - 157,838 104,864 60% Total Expenditures - - 1,683,579 1,683,579 715,581 23,287 738,868 944,711 44% Net Surplus / (Deficit)- - 520,028 520,028 844,016 820,730 Beginning Cash Balance - - - Cash Adjustments - - - Ending Cash Balance - - 520,028 842,602 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) for 100% of costs of wages and benefits for the Manager-Facility Operations. 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). 115 City of South Bend, Indiana Monthly Financial Report August 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 - 100% Morris Marketing (#273)4,183 5,936 - 43 43 43 - 99% Morris Self-Promotion (#274)39,372 38,578 - 150 150 150 - 100% Morris Operations Fund (#602)- - 2,203,607 2,203,607 1,559,598 1,559,598 644,009 71% Total Revenue 462,715 1,780,967 2,203,607 2,258,678 1,614,669 1,614,669 644,009 71% Revenue Intergov./ Grants - 992,163 - - - - - - Charges for Services 358,834 696,886 987,000 985,000 550,990 550,990 434,010 56% Interest Earnings 2,466 1,808 4,657 4,850 4,794 4,794 56 99% Donations - 500 - - - - - - Other Income 5,930 2,864 12,500 69,378 90,056 90,056 (20,678) 130% Interfund Allocation Reimb 40,118 86,746 89,450 89,450 29,817 29,817 59,633 33% 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 2,258,678 1,614,669 1,614,669 644,009 71% Expenditures by Fund General Fund (#101)1,003,966 1,106,303 600,000 656,962 635,165 7,964 643,129 13,833 98% 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 1,683,579 715,581 23,287 738,868 944,711 44% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,689,758 31,251 1,721,009 1,129,532 60% Expenditures by Type Personnel Salaries & Wages 285,767 430,859 500,702 500,702 271,791 - 271,791 228,911 54% Fringe Benefits 131,601 200,379 228,225 228,225 113,307 - 113,307 114,918 50% Total Personnel 417,368 631,239 728,927 728,927 385,098 - 385,098 343,829 53% Supplies 22,110 29,271 25,000 33,435 21,243 647 21,890 11,545 65% Services & Charges Professional Services 2,518 1,650 200,000 204,944 12,028 10,500 22,528 182,416 11% Printing & Advertising 17,634 21,798 200,000 223,775 44,289 3,643 47,931 175,843 21% Utilities 112,645 110,532 139,100 139,100 86,971 - 86,971 52,129 63% Repairs & Maintenance 34,268 61,776 98,500 102,323 23,875 7,652 31,527 70,796 31% Education & Training - 3,224 4,500 9,014 2,438 1,000 3,438 5,576 38% Travel 1,469 3,626 4,500 13,359 6,711 3,884 10,595 2,764 79% Other Services & Charges 11,433 12,862 20,350 22,963 10,255 3,926 14,181 8,782 62% Total Services & Charges 179,966 215,468 666,950 715,477 186,567 30,604 217,171 498,306 30% Operating Expenditures 619,444 875,978 1,420,877 1,477,839 592,908 31,251 624,158 853,680 42% Interfund Interfund Allocations 210,875 237,973 262,702 262,702 157,838 - 157,838 104,864 60% 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 1,096,851 - 1,096,851 275,851 80% Total Expenditures 1,005,898 1,113,951 2,793,579 2,850,541 1,689,758 31,251 1,721,009 1,129,531 60% Net Surplus / (Deficit)(543,183) 667,016 (589,972) (591,863) (75,089) (106,340) 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. 116 City of South Bend, Indiana Monthly Financial Report August 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 1,675,000 1,675,000 (400,000) 131% Charges for Services 924,923 1,401,480 2,778,000 2,743,452 1,236,569 1,236,569 1,506,883 45% Interest Earnings 7 54 - - 0 0 - - Other Income 5,936 5,177 3,750 38,298 47,361 47,361 (9,063) 124% Interfund Allocation Reimb 68,478 67,477 69,185 69,185 28,827 28,827 40,358 42% Total Revenue 1,955,594 2,111,688 4,125,935 4,125,935 2,987,758 2,987,758 1,138,178 72% Expenditures by Subdivisions City Operations 1,149,345 1,246,312 1,543,246 1,559,473 822,082 27,049 849,131 710,342 54% Food & Beverage Operations 1,444,541 1,702,069 2,535,485 2,535,485 1,389,821 - 1,389,821 1,145,664 55% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 2,211,902 27,049 2,238,951 1,856,006 55% Expenditures by Type Personnel Salaries & Wages 368,842 350,615 469,511 469,511 234,597 - 234,597 234,914 50% Fringe Benefits 138,803 124,970 185,425 185,425 81,401 - 81,401 104,024 44% Other Personnel Costs 757,895 730,187 718,000 718,000 627,747 - 627,747 90,253 87% Total Personnel 1,265,540 1,205,772 1,372,936 1,372,936 943,744 - 943,744 429,191 69% Supplies 317,548 551,277 1,136,200 1,136,301 449,658 783 450,441 685,860 40% Services & Charges Professional Services 35,698 107,162 122,108 157,108 89,475 - 89,475 67,633 57% Printing & Advertising 277 543 - - - - - - - Utilities 276,273 348,609 392,296 392,296 238,192 - 238,192 154,104 61% Repairs & Maintenance 74,654 71,901 115,000 128,088 54,272 24,135 78,407 49,681 61% Education & Training 1,724 428 2,500 2,500 - - - 2,500 0% Travel - 574 - - - - - - - Insurance 47,272 48,906 58,188 58,188 27,992 - 27,992 30,196 48% Other Services & Charges 311,417 268,797 537,589 505,627 199,802 2,131 201,934 303,693 40% Total Services & Charges 747,314 846,920 1,227,681 1,243,806 609,733 26,266 635,999 607,807 51% Operating Expenditures 2,330,403 2,603,968 3,736,817 3,753,044 2,003,135 27,049 2,030,184 1,722,858 54% Interfund Interfund Allocations 169,544 247,195 241,226 241,226 159,636 - 159,636 81,590 66% Interfund Transfers Out 93,939 97,217 100,688 100,688 49,131 - 49,131 51,557 49% Total Interfund 263,483 344,412 341,914 341,914 208,767 - 208,767 133,147 61% Total Expenditures 2,593,886 2,948,380 4,078,731 4,094,958 2,211,902 27,049 2,238,951 1,856,005 55% Net Surplus / (Deficit)(638,292) (836,692) 47,204 30,977 775,855 748,806 Beginning Cash Balance 1,537,206 1,016,748 194,350 Cash Adjustments 117,834 14,294 - Ending Cash Balance 1,016,748 194,350 225,327 938,560 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. 117 City of South Bend, Indiana Monthly Financial Report August 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 57 57 943 6% Other Income - - - - - - - - Interfund Transfers In - - - - - - - - Total Revenue 1,931 98 1,000 1,000 57 57 943 6% 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) 57 57 Beginning Cash Balance 981,681 983,612 983,710 Cash Adjustments - - - Ending Cash Balance 983,612 983,710 949,710 983,767 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 118 City of South Bend, Indiana Monthly Financial Report August 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 1,454 1,454 546 73% Other Income 97,225 89,480 80,242 80,242 18,406 18,406 61,836 23% Interfund Transfers In 93,939 97,217 100,688 100,688 49,131 49,131 51,557 49% Total Revenue 415,154 409,708 404,367 404,367 290,427 290,427 113,939 72% Expenditures by Type Services & Charges Debt Service Principal 285,614 291,274 297,175 297,175 147,069 - 147,069 150,106 49% Debt Service Interest & Fees 125,482 115,437 105,193 105,193 53,883 - 53,883 51,310 51% Total Expenditures 411,096 406,711 402,368 402,368 200,952 - 200,952 201,416 50% Net Surplus / (Deficit)4,058 2,997 1,999 1,999 89,475 89,475 Beginning Cash Balance 189,409 193,705 196,702 Cash Adjustments 238 - - Ending Cash Balance 193,705 196,702 198,701 285,768 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 119 City of South Bend, Indiana Monthly Financial Report August 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 259 178 273 273 179 179 94 66% Other Income - - - - - - - - Total Revenue 259 178 273 273 179 179 94 66% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)259 178 273 273 179 179 Beginning Cash Balance 29,730 30,041 30,218 Cash Adjustments 51 - - Ending Cash Balance 30,041 30,218 30,491 30,345 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 120 City of South Bend, Indiana Monthly Financial Report August 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 2,816 2,816 1,512 65% Other Income - - - - - - - - Total Revenue 4,082 2,793 4,328 4,328 2,816 2,816 1,512 65% 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 2,816 2,816 Beginning Cash Balance 467,692 472,576 475,369 Cash Adjustments 802 - - Ending Cash Balance 472,576 475,369 479,697 477,356 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 121 City of South Bend, Indiana Monthly Financial Report August 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 1,000 436 436 564 44% Interfund Transfers In 375,939 375,986 374,106 374,106 248,163 248,163 125,943 66% Total Revenue 376,746 376,033 375,106 375,106 248,599 248,599 126,507 66% Expenditures by Type Services & Charges Debt Service Principal 225,000 225,000 230,000 230,000 230,000 - 230,000 - 100% Debt Service Interest & Fees 156,131 149,381 142,557 142,557 142,556 - 142,556 1 100% Total Expenditures 381,131 374,381 372,557 372,557 372,556 - 372,556 1 100% Net Surplus / (Deficit)(4,385) 1,652 2,549 2,549 (123,957) (123,957) Beginning Cash Balance 590,497 586,111 587,763 Cash Adjustments - - - Ending Cash Balance 586,111 587,763 590,312 463,806 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 122 City of South Bend, Indiana Monthly Financial Report August 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 4,070 4,070 1,872 69% Other Income 100,000 - - - - - - - Total Revenue 107,035 4,318 5,942 5,942 4,070 4,070 1,872 69% Expenditures by Type Services & Charges Professional Services 274,931 75,182 50,000 262,443 7,188 50,443 57,631 204,812 22% Total Services & Charges 274,931 75,182 50,000 262,443 7,188 50,443 57,631 204,812 22% Capital - - - - - - - - - Total Expenditures 274,931 75,182 50,000 262,443 7,188 50,443 57,631 204,812 22% Net Surplus / (Deficit)(167,896) (70,864) (44,058) (256,501) (3,118) (53,561) Beginning Cash Balance 929,415 763,112 692,248 Cash Adjustments 1,593 - - Ending Cash Balance 763,112 692,248 435,747 687,935 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 123 City of South Bend, Indiana Monthly Financial Report August 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 - 577,322 126,822 126,822 450,500 22% Interest Earnings 712 160 18 38 73 73 (35) 193% Other Income 90,013 36,005 - - - - - - Total Revenue 90,725 77,180 18 577,360 126,896 126,896 450,465 22% Expenditures by Type Supplies - - - 9,000 - 9,000 9,000 - 100% Services & Charges Professional Services 56,352 438 - 90,850 (46,845) 60,633 13,788 77,063 15% Repairs & Maintenance - - - 400,000 157,976 76,886 234,862 165,138 59% Debt Service Principal 69,632 35,604 - - - - - - - Debt Service Interest & Fees 2,379 401 - - - - - - - Grants & Subsidies - 41,015 - 92,986 20,845 7,386 28,231 64,755 30% Other Services & Charges - - - 11,400 - - - 11,400 0% Total Services & Charges 128,362 77,457 - 595,236 131,976 144,904 276,880 318,356 47% Total Expenditures 128,362 77,457 - 604,236 131,976 153,904 285,880 318,356 47% Net Surplus / (Deficit)(37,637) (277) 18 (26,876) (5,080) (158,984) Beginning Cash Balance 64,775 27,154 26,876 Cash Adjustments 16 - - Ending Cash Balance 27,154 26,876 - 21,758 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 124 City of South Bend, Indiana Monthly Financial Report August 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 1,066,156 185,797 185,797 880,359 17% Fines, Forfeitures, and Fees 46,076 57,904 58,450 58,450 39,431 39,431 19,019 67% Interest Earnings 8,876 6,023 10,000 9,353 1,504 1,504 7,849 16% Other Income 2,598 573 - 647 2,750 2,750 (2,103) 425% Interfund Allocation Reimb 174,531 145,765 181,981 181,981 121,321 121,321 60,660 67% Interfund Transfers In 2,268,899 500,000 4,179,829 4,043,829 2,070,000 2,070,000 1,973,829 51% Total Revenue 3,372,939 2,172,743 5,484,915 5,365,416 2,420,803 2,420,803 2,944,613 45% Expenditures by Type Personnel Salaries & Wages 1,529,047 1,779,295 2,743,056 2,743,056 1,351,061 - 1,351,061 1,391,995 49% Fringe Benefits 568,983 649,973 1,097,667 1,097,667 500,530 - 500,530 597,137 46% Total Personnel 2,098,029 2,429,268 3,840,723 3,840,723 1,851,591 - 1,851,591 1,989,132 48% Supplies 13,503 20,424 45,870 49,922 19,588 2,252 21,839 28,082 44% Services & Charges Professional Services 224,609 196,969 809,200 1,071,194 173,577 371,614 545,191 526,003 51% Printing & Advertising 7,560 4,758 23,675 23,675 3,272 78 3,350 20,325 14% Education & Training 4,576 14,288 30,500 38,905 3,679 10,328 14,007 24,898 36% Travel 4,502 268 33,762 33,762 3,484 3,647 7,131 26,631 21% Repairs & Maintenance 12,447 2,822 3,100 3,100 673 - 673 2,427 22% Other Services & Charges 11,746 24,660 32,225 32,400 17,048 - 17,048 15,352 53% Total Services & Charges 265,440 243,765 932,462 1,203,036 201,733 385,668 587,401 615,636 49% Operating Expenditures 2,376,973 2,693,456 4,819,055 5,093,681 2,072,911 387,920 2,460,831 2,632,850 48% Bad Debt 26 - - - - - - - - Interfund Interfund Allocations 357,941 652,726 665,860 665,860 443,907 - 443,907 221,953 67% Interfund Transfers Out 35,000 50,000 - - - - - - - Total Interfund 392,941 702,726 665,860 665,860 443,907 - 443,907 221,953 67% Total Expenditures 2,769,940 3,396,182 5,484,915 5,759,541 2,516,818 387,920 2,904,738 2,854,803 50% Net Surplus / (Deficit)603,000 (1,223,439) - (394,125) (96,015) (483,935) 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 - 341,516 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 125 City of South Bend, Indiana Monthly Financial Report August 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 8,912,970 935,414 935,414 7,977,556 10% Fines, Forfeitures, and Fees 121 500 - - - - - - Other Income 186,664 341,376 119,687 120,587 47,908 47,908 72,679 40% Total Revenue 2,579,168 2,905,379 2,952,342 9,033,557 983,323 983,323 8,050,235 11% Expenditures by Type Services & Charges Professional Services 40,488 10,343 - 249,170 16,305 114,515 130,820 118,350 53% Grants & Subsidies 2,529,492 2,801,228 2,832,655 9,194,205 1,226,200 3,354,096 4,580,295 4,613,909 50% Total Services & Charges 2,569,980 2,811,571 2,832,655 9,443,375 1,242,505 3,468,611 4,711,115 4,732,259 50% Total Expenditures 2,569,980 2,811,571 2,832,655 9,443,375 1,242,505 3,468,611 4,711,115 4,732,259 50% Net Surplus / (Deficit)9,188 93,809 119,687 (409,818) (259,182) (3,727,793) Beginning Cash Balance 305,248 313,907 409,818 Cash Adjustments (528) 2,102 - Ending Cash Balance 313,907 409,818 - 136,856 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 126 City of South Bend, Indiana Monthly Financial Report August 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 37,291 37,291 25,609 59% Interest Earnings 7,420 4,812 7,971 7,604 4,586 4,586 3,018 60% Other Income 18 - - 367 366 366 1 100% Total Revenue 59,018 38,879 70,871 70,871 42,243 42,243 28,628 60% Expenditures by Type Supplies 5,458 - - - - - - - - Services & Charges Professional Services 27,070 25,970 23,000 23,000 10,990 9,010 20,000 3,000 87% Other Services & Charges 109,058 81,316 - - - - - - - Total Services & Charges 136,128 107,286 23,000 23,000 10,990 9,010 20,000 3,000 87% Operating Expenditures 141,586 107,286 23,000 23,000 10,990 9,010 20,000 3,000 87% Bad Debt 165 - - - - - - - - Total Expenditures 141,751 107,286 23,000 23,000 10,990 9,010 20,000 3,000 87% Net Surplus / (Deficit)(82,733) (68,407) 47,871 47,871 31,253 22,243 Beginning Cash Balance 923,154 832,938 764,981 Cash Adjustments (7,482) 450 - Ending Cash Balance 832,938 764,981 812,852 795,892 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. 127 City of South Bend, Indiana Monthly Financial Report August 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 99,900 22,350 22,350 77,550 22% Interest Earnings 573 728 200 300 622 622 (322) 207% Interfund Transfers In 245,626 50,000 303,923 303,923 70,000 70,000 233,923 23% Total Revenue 353,999 57,608 404,123 404,123 92,972 92,972 311,151 23% Expenditures by Type Personnel Salaries & Wages 119,900 106,421 236,047 236,047 38,444 - 38,444 197,603 16% Fringe Benefits 59,277 52,625 114,076 114,076 19,051 - 19,051 95,025 17% Total Personnel 179,177 159,046 350,123 350,123 57,495 - 57,495 292,628 16% 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 58,479 99,686 158,166 292,628 35% Net Surplus / (Deficit)171,237 (101,674) - (46,671) 34,492 (65,194) Beginning Cash Balance 17,823 189,090 87,416 Cash Adjustments 31 - - Ending Cash Balance 189,090 87,416 40,745 121,447 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. 128 City of South Bend, Indiana Monthly Financial Report August 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 21,055 21,055 15,945 57% Charges for Services 43,360 47,624 50,300 50,300 36,455 36,455 13,845 72% Fines, Forfeitures, and Fees 367,113 411,114 342,000 340,155 128,653 128,653 211,502 38% Interest Earnings 2,492 941 - 450 1,062 1,062 (612) 236% Debt Proceeds 80,000 235,000 385,000 500,000 500,000 500,000 - 100% Other Income 15,396 2,998 500 1,985 1,820 1,820 165 92% Interfund Allocation Reimb 76,927 34,708 - - - - - - Interfund Transfers In 3,619,593 2,290,000 3,950,930 3,950,930 2,135,000 2,135,000 1,815,930 54% Total Revenue 4,235,305 3,065,940 4,765,730 4,880,820 2,824,045 2,824,045 2,056,775 58% Expenditures by Subdivisions Neighborhood Services 2,498,995 2,420,819 3,644,322 3,961,606 1,892,201 124,195 2,016,396 1,945,209 51% Animal Resource Center 934,825 949,115 1,121,408 1,167,829 618,574 58,681 677,255 490,574 58% Total Expenditures 3,433,820 3,369,933 4,765,730 5,129,435 2,510,775 182,876 2,693,651 2,435,783 53% Expenditures by Type Personnel Salaries & Wages 1,415,442 1,410,684 1,463,721 1,463,721 864,433 - 864,433 599,288 59% Fringe Benefits 588,698 575,669 677,513 677,513 358,925 - 358,925 318,588 53% Total Personnel 2,004,140 1,986,353 2,141,234 2,141,234 1,223,358 - 1,223,358 917,876 57% Supplies 113,969 110,837 153,450 165,115 96,659 9,853 106,512 58,603 65% Services & Charges Professional Services 40,574 67,185 102,300 102,800 47,559 4,224 51,783 51,017 50% Printing & Advertising 10,559 11,260 22,201 23,741 10,837 2,611 13,448 10,293 57% Utilities 31,984 32,310 41,389 41,389 25,203 - 25,203 16,187 61% Repairs & Maintenance 239,861 137,334 404,900 404,900 125,833 1,631 127,463 277,437 31% Education & Training 2,933 4,013 18,900 18,900 1,893 959 2,852 16,048 15% Travel 3,826 777 16,800 16,600 - - - 16,600 0% Other Services & Charges 119,803 112,003 495,160 495,360 81,151 414 81,565 413,795 16% Debt Service Principal 47,510 90,535 203,054 203,217 165,052 - 165,052 38,165 81% Debt Service Interest & Fees 2,954 4,350 13,726 13,563 5,037 - 5,037 8,525 37% Total Services & Charges 500,003 459,767 1,318,430 1,320,470 462,566 9,838 472,404 848,067 36% Operating Expenditures 2,618,112 2,556,956 3,613,114 3,626,819 1,782,583 19,690 1,802,273 1,824,546 50% Capital - 49,478 385,000 735,000 216,448 163,186 379,634 355,366 52% Bad Debt 861 15 - - - - - - - Interfund Allocations 814,847 763,484 767,616 767,616 511,744 - 511,744 255,872 67% Total Expenditures 3,433,820 3,369,933 4,765,730 5,129,435 2,510,775 182,876 2,693,651 2,435,784 53% Net Surplus / (Deficit)801,485 (303,993) - (248,615) 313,270 130,393 Beginning Cash Balance - 803,572 497,492 Cash Adjustments 2,088 (2,088) - Ending Cash Balance 803,572 497,492 248,877 813,835 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 129 City of South Bend, Indiana Monthly Financial Report August 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 361 172 265 265 904 904 (639) 341% Other Income 18,442 18,278 21,996 55,010 385,577 385,577 (330,567) 701% Total Revenue 18,803 18,449 22,261 55,275 386,482 386,482 (331,206) 699% Expenditures by Type Services & Charges Debt Service Principal 40,000 24,000 24,000 24,000 18,000 - 18,000 6,000 75% Total Expenditures 40,000 24,000 24,000 24,000 18,000 - 18,000 6,000 75% Net Surplus / (Deficit)(21,197) (5,551) (1,739) 31,275 368,482 368,482 Beginning Cash Balance 53,838 32,733 27,182 Cash Adjustments 92 - - Ending Cash Balance 32,733 27,182 58,457 394,978 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 130 City of South Bend, Indiana Monthly Financial Report August 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 1,116,245 1,116,245 468,855 70% Fines, Forfeitures, and Fees 1,140 2,516 2,000 3,962 4,862 4,862 (900) 123% Interest Earnings 17,782 12,194 16,284 13,041 11,692 11,692 1,349 90% Other Income 422 1,044 - 1,281 1,605 1,605 (324) 125% Total Revenue 1,324,083 1,531,105 1,603,384 1,603,384 1,134,404 1,134,404 468,980 71% Expenditures by Type Personnel Salaries & Wages 763,648 739,269 870,751 870,751 504,237 - 504,237 366,514 58% Fringe Benefits 305,840 319,458 392,308 392,308 227,884 770 228,654 163,654 58% Total Personnel 1,069,488 1,058,727 1,263,059 1,263,059 732,121 770 732,891 530,168 58% Supplies 14,538 15,666 19,861 19,914 17,184 53 17,236 2,677 87% Services & Charges Professional Services 2,411 - 8,000 8,000 - - - 8,000 0% Printing & Advertising 336 716 4,200 4,200 161 - 161 4,039 4% 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 19,326 - 19,326 (4,326) 129% Other Services & Charges 9,408 18,348 34,310 34,310 19,903 - 19,903 14,407 58% Debt Service Principal 41,198 43,020 23,594 23,594 18,988 - 18,988 4,606 80% Debt Service Interest & Fees 2,184 1,316 567 567 409 - 409 158 72% Total Services & Charges 72,223 91,705 97,671 97,671 59,337 - 59,337 38,334 61% Operating Expenditures 1,156,248 1,166,098 1,380,591 1,380,644 808,642 823 809,465 571,179 59% Capital - 49,478 - - - - - - - Bad Debt 1,631 100 1,000 1,000 1,152 - 1,152 (152) 115% Interfund Allocations 328,799 339,938 665,210 665,210 443,473 - 443,473 221,737 67% Total Expenditures 1,486,678 1,555,614 2,046,801 2,046,854 1,253,268 823 1,254,090 792,764 61% Net Surplus / (Deficit)(162,595) (24,509) (443,417) (443,470) (118,864) (119,687) 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 1,979,704 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. 131 City of South Bend, Indiana Monthly Financial Report August 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 - 4,543,626 4,667,492 4,667,492 (123,866) 103% Interest Earnings - 380 2,000 2,002 6,526 6,526 (4,524) 326% Other Income 266,643 300,472 172,000 259,070 303,546 303,546 (44,476) 117% Total Revenue 266,643 2,959,263 174,000 4,804,698 4,977,565 4,977,565 (172,866) 104% Expenditures by Type Services & Charges Professional Services 88,742 291,043 455,982 589,021 167,008 40,825 207,833 381,188 35% Other Services & Charges 15,285 14,830 26,298 39,688 11,076 - 11,076 28,612 28% Grants & Subsidies - 2,700,000 - 4,290,000 4,290,000 - 4,290,000 - 100% Total Services & Charges 104,026 3,005,872 482,280 4,918,709 4,468,084 40,825 4,508,909 409,800 92% Bad Debt - 184,827 - - - - - - - Total Expenditures 104,026 3,190,699 482,280 4,918,709 4,468,084 40,825 4,508,909 409,800 92% Net Surplus / (Deficit)162,616 (231,436) (308,280) (114,011) 509,481 468,656 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 3,586,831 4,629,165 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 132 City of South Bend, Indiana Monthly Financial Report August 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 62 62 938 6% Interfund Transfers In 1,716,000 1,716,000 1,715,000 1,715,000 1,715,000 1,715,000 - 100% Total Revenue 1,716,869 1,716,091 1,716,000 1,716,000 1,715,062 1,715,062 938 100% Expenditures by Type Services & Charges Debt Service Principal 1,000,000 1,030,000 1,060,000 1,060,000 1,060,000 - 1,060,000 - 100% Debt Service Interest & Fees 712,694 682,469 651,694 651,694 651,344 - 651,344 350 100% Total Expenditures 1,712,694 1,712,469 1,711,694 1,711,694 1,711,344 - 1,711,344 350 100% Net Surplus / (Deficit)4,175 3,623 4,306 4,306 3,719 3,719 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 1,746,417 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 133 City of South Bend, Indiana Monthly Financial Report August 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 - - 25,565 25,565 (25,565) - Total Revenue 306,537 1 - - 25,565 25,565 (25,565) - Expenditures by Type Capital 3,328,966 - - - - - - - - Total Expenditures 3,328,966 - - - - - - - - Net Surplus / (Deficit)(3,022,429) 1 - - 25,565 25,565 Beginning Cash Balance 3,048,190 25,762 25,763 Cash Adjustments - - - Ending Cash Balance 25,762 25,763 25,763 25,764 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. 134 City of South Bend, Indiana Monthly Financial Report August 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 1,750 125 125 1,625 7% Interfund Transfers In 1,390,625 1,915,979 1,926,375 1,926,375 1,926,375 1,926,375 - 100% Total Revenue 1,392,248 1,916,164 1,928,125 1,928,125 1,926,500 1,926,500 1,625 100% Expenditures by Type Services & Charges Debt Service Principal 145,000 475,000 720,000 720,000 720,000 - 720,000 - 100% Debt Service Interest & Fees 1,245,625 1,235,875 1,206,375 1,206,375 1,206,375 - 1,206,375 - 100% Total Expenditures 1,390,625 1,710,875 1,926,375 1,926,375 1,926,375 - 1,926,375 - 100% Net Surplus / (Deficit)1,623 205,289 1,750 1,750 125 125 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 3,668,736 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 135 City of South Bend, Indiana Monthly Financial Report August 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 1,897 1,897 403 82% Charges for Services 6,882,174 7,279,944 8,636,001 8,636,001 6,201,145 6,201,145 2,434,856 72% Interest Earnings 10,210 6,268 11,090 11,090 3,402 3,402 7,688 31% Other Income 84,210 78,626 69,000 69,014 42,728 42,728 26,286 62% Interfund Allocation Reimb 122,143 129,585 160,000 160,000 106,667 106,667 53,333 67% Total Revenue 7,101,248 7,497,135 8,878,391 8,878,405 6,355,839 6,355,839 2,522,566 72% Expenditures by Division Equipment Services 6,717,971 7,695,353 7,943,058 7,945,303 6,365,207 13,524 6,378,731 1,566,571 80% Print Shop 13,844 2,504 - - - - - - - Radio Shop 229,304 207,641 283,073 283,073 123,867 2,751 126,618 156,455 45% Building Maintenance 180,749 188,820 221,091 221,091 96,310 - 96,310 124,781 44% Facilities Management 101,697 144,897 181,838 181,838 83,542 - 83,542 98,296 46% Capital - - 190,000 242,425 56,176 12,045 68,221 174,204 28% Total Expenditures 7,243,566 8,239,216 8,819,060 8,873,729 6,725,102 28,320 6,753,422 2,120,307 76% Expenditures by Type Personnel Salaries & Wages 1,795,351 1,772,151 2,125,646 2,125,316 1,143,201 - 1,143,201 982,115 54% Fringe Benefits 780,402 758,851 982,988 983,318 498,906 - 498,906 484,412 51% Total Personnel 2,575,754 2,531,003 3,108,634 3,108,634 1,642,107 - 1,642,107 1,466,527 53% Supplies 3,998,093 4,782,010 4,594,490 4,595,876 4,417,460 1,903 4,419,363 176,513 96% Services & Charges Professional Services 7,777 12,174 38,825 38,825 - 7,500 7,500 31,325 19% Printing & Advertising 863 42 4,650 4,650 - - - 4,650 0% Utilities 53,701 61,782 64,468 64,468 53,316 - 53,316 11,152 83% Repairs & Maintenance 54,985 62,344 148,575 198,759 89,273 16,242 105,515 93,244 53% Education & Training 9,389 8,696 12,050 12,150 2,873 2,412 5,285 6,865 43% Travel - 51 1,850 1,850 61 55 116 1,734 6% Other Services & Charges 13,132 12,504 16,850 16,850 7,982 209 8,190 8,660 49% Debt Service Principal 15,596 2,483 8,069 8,069 4,012 - 4,012 4,057 50% Debt Service Interest & Fees 463 22 423 423 234 - 234 189 55% Total Services & Charges 155,905 160,096 295,760 346,044 157,751 26,417 184,168 161,876 53% Operating Expenditures 6,729,752 7,473,109 7,998,884 8,050,553 6,217,318 28,320 6,245,638 1,804,916 78% Capital - - 63,000 66,000 3,000 - 3,000 63,000 5% Interfund Interfund Allocations 306,521 683,462 757,176 757,176 504,784 - 504,784 252,392 67% Interfund Transfers Out 207,293 82,645 - - - - - - - Total Interfund 513,814 766,107 757,176 757,176 504,784 - 504,784 252,392 67% Total Expenditures 7,243,566 8,239,216 8,819,060 8,873,729 6,725,102 28,320 6,753,422 2,120,308 76% Net Surplus / (Deficit)(142,319) (742,081) 59,331 4,676 (369,263) (397,583) Beginning Cash Balance 1,455,158 1,209,079 658,666 Cash Adjustments (103,760) 191,668 - Ending Cash Balance 1,209,079 658,666 663,341 549,869 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 136 City of South Bend, Indiana Monthly Financial Report August 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 137 City of South Bend, Indiana Monthly Financial Report August 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 38,416 38,416 (6,569) 121% Other Income 1,626,433 84,555 2,000 32,747 33,885 33,885 (1,138) 103% Interfund Allocation Reimb 2,914,500 3,265,000 3,365,000 3,365,000 2,243,333 2,243,333 1,121,667 67% Interfund Transfers In 49,087 - - - - - - - Total Revenue 4,644,513 3,386,046 3,398,847 3,429,594 2,315,634 2,315,634 1,113,960 68% Expenditures by Division Safety/Risk Management 151,479 30,947 - - - - - - - Liability Insurance 761,414 1,188,510 1,230,000 1,431,000 1,175,584 276,605 1,452,189 (21,189) 101% Business Insurance 622,434 452,651 1,865,000 3,700,754 311,682 2,262,684 2,574,366 1,126,389 70% Workers' Compensation 1,211,428 1,531,310 1,268,000 1,268,000 746,658 - 746,658 521,342 59% 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 6,503,078 2,234,403 2,552,134 4,786,537 1,716,542 74% Expenditures by Type Personnel Salaries & Wages 116,402 - - - - - - - - Fringe Benefits 46,090 - - - - - - - - Other Personnel Costs 17,308 14,052 42,000 42,000 23,828 - 23,828 18,172 57% Total Personnel 179,800 14,052 42,000 42,000 23,828 - 23,828 18,172 57% Supplies 1,988 2,187 - - - - - - - Services & Charges Professional Services 420,313 334,849 1,001,000 1,387,754 196,152 508,900 705,052 682,702 51% Education & Training 6,285 2,000 - - - - - - - Travel 356 - - - - - - - - Repairs & Maintenance 2,119 4,286 - 1,800,000 - 1,753,784 1,753,784 46,216 97% Insurance 1,840,034 2,432,482 2,170,000 2,170,000 1,813,153 1,438 1,814,591 355,409 84% Other Services & Charges 218,415 391,938 1,150,000 1,000,000 200,792 275,167 475,959 524,041 48% Total Services & Charges 2,487,522 3,165,555 4,321,000 6,357,754 2,210,097 2,539,289 4,749,385 1,608,368 75% 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 6,503,078 2,234,403 2,552,134 4,786,537 1,716,540 74% Net Surplus / (Deficit)986,951 157,746 (964,153) (3,073,484) 81,231 (2,470,903) 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 3,027,383 6,255,899 Cash Reserves Target 1,828,781 1,614,150 3,251,539 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 138 City of South Bend, Indiana Monthly Financial Report August 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 6,413,469 6,413,469 3,206,735 67% Charges for Services 111,796 47,379 - - - - - - Debt Proceeds - 900,928 - 166,345 166,343 166,343 2 100% Other Income 53,757 111,836 64,525 142,733 110,609 110,609 32,124 77% Donations - 15,000 - 181,988 181,987 181,987 1 100% Interest Earnings 21,431 14,598 5,000 11,500 23,504 23,504 (12,004) 204% Total Revenue 6,843,915 10,219,588 9,689,729 10,122,770 6,895,913 6,895,913 3,226,858 68% Expenditures by Division 311 Call Center 551,515 567,939 683,948 683,955 401,510 5,322 406,832 277,123 59% Innovation & Technology 7,324,325 8,264,034 9,015,101 10,370,108 5,799,080 1,393,195 7,192,275 3,177,833 69% Total Expenditures 7,875,840 8,831,973 9,699,049 11,054,062 6,200,590 1,398,517 7,599,107 3,454,956 69% Expenditures by Type Personnel Salaries & Wages 1,844,342 1,908,602 2,170,830 2,170,830 1,280,689 - 1,280,689 890,142 59% Fringe Benefits 708,812 704,230 874,276 874,276 473,922 - 473,922 400,354 54% Total Personnel 2,553,154 2,612,832 3,045,106 3,045,106 1,754,611 - 1,754,611 1,290,496 58% Supplies 130,511 714,903 193,850 599,848 379,089 70,564 449,652 150,196 75% Services & Charges Professional Services 1,058,605 510,586 410,500 1,139,781 427,876 464,322 892,197 247,584 78% Printing & Advertising 1,005 3,277 5,150 5,255 1,402 - 1,402 3,853 27% Repairs & Maintenance 3,021,127 3,646,311 4,635,738 4,841,170 2,563,203 845,868 3,409,071 1,432,099 70% Education & Training 9,162 33,654 57,900 53,983 23,099 785 23,884 30,100 44% Travel 7,385 161 27,110 33,110 18,847 16,979 35,825 (2,715) 108% Other Services & Charges 422,383 292,472 193,824 196,074 179,741 - 179,741 16,333 92% Debt Service Principal 606,922 966,528 1,063,402 1,073,320 792,718 - 792,718 280,602 74% Debt Service Interest & Fees 59,675 50,358 65,816 65,762 59,570 - 59,570 6,192 91% Total Services & Charges 5,186,263 5,503,347 6,459,440 7,408,455 4,066,456 1,327,953 5,394,409 2,014,048 73% Operating Expenditures 7,869,929 8,831,082 9,698,396 11,053,409 6,200,155 1,398,517 7,598,671 3,454,740 69% Interfund Allocations 5,911 891 653 653 435 - 435 218 67% Total Expenditures 7,875,840 8,831,973 9,699,049 11,054,062 6,200,590 1,398,517 7,599,107 3,454,958 69% Net Surplus / (Deficit)(1,031,925) 1,387,615 (9,320) (931,292) 695,323 (703,194) 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 2,551,573 4,371,155 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 139 City of South Bend, Indiana Monthly Financial Report August 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 16,081,440 10,700,940 10,700,940 5,380,500 67% Other Income 373,523 1,438,628 385,000 485,000 653,189 653,189 (168,189) 135% Interest Earnings 89,646 62,791 58,809 58,809 65,894 65,894 (7,085) 112% Total Revenue 16,348,427 17,243,514 16,625,249 16,625,249 11,420,023 11,420,023 5,205,226 69% Expenditures by Subdivision Health Insurance 14,472,911 15,509,012 17,121,703 17,129,426 10,859,204 49,830 10,909,034 6,220,392 64% Workplace Wellness Clinic 996,006 1,003,588 1,169,308 1,169,308 321,585 668,914 990,499 178,809 85% Employee Wellness 76,048 89,896 99,974 101,130 53,173 26,048 79,221 21,909 78% Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 11,233,962 744,792 11,978,754 6,421,110 65% Expenditures by Type Personnel Other Personnel Costs 13,740,971 14,681,353 16,308,759 16,309,915 10,381,874 26,048 10,407,921 5,901,994 64% Total Personnel 13,740,971 14,681,353 16,308,759 16,309,915 10,381,874 26,048 10,407,921 5,901,994 64% Supplies 131,045 110,297 150,000 150,000 31,460 44,107 75,568 74,432 50% Services & Charges Professional Services 1,083,611 1,063,335 1,198,308 1,205,031 413,084 674,637 1,087,721 117,310 90% Printing & Advertising - - 100 100 - - - 100 0% Insurance 587,028 737,651 732,318 732,318 406,256 - 406,256 326,062 55% Other Services & Charges 1,476 3,194 1,500 2,500 1,288 - 1,288 1,212 52% Total Services & Charges 1,672,115 1,804,180 1,932,226 1,939,949 820,628 674,637 1,495,265 444,684 77% Bad Debt 833 - - - - - - - - Interfund Transfers Out - 6,667 - - - - - - - Total Expenditures 15,544,965 16,602,496 18,390,985 18,399,864 11,233,962 744,792 11,978,754 6,421,110 65% Net Surplus / (Deficit)803,462 641,018 (1,765,736) (1,774,615) 186,061 (558,731) 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 10,960,938 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 140 City of South Bend, Indiana Monthly Financial Report August 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 74,434 74,434 31,083 71% Interest Earnings 1,187 69 209 209 292 292 (83) 140% Other Income - 74,683 - - - - - - Interfund Transfers In - 6,667 - - - - - - Total Revenue 8,087 103,474 105,726 105,726 74,725 74,725 31,000 71% Expenditures by Type Personnel Other Personnel Costs 157,449 75,914 80,000 80,000 26,517 - 26,517 53,483 33% Total Expenditures 157,449 75,914 80,000 80,000 26,517 - 26,517 53,483 33% Net Surplus / (Deficit)(149,363) 27,560 25,726 25,726 48,208 48,208 Beginning Cash Balance 180,911 31,859 - Cash Adjustments 310 (59,419) - Ending Cash Balance 31,859 - 25,726 74,596 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 141 City of South Bend, Indiana Monthly Financial Report August 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 244,090 248,401 257,209 257,209 166,634 166,634 90,575 65% Interest Earnings 751 1,125 1,494 1,494 1,781 1,781 (287) 119% Total Revenue 244,841 249,526 258,703 258,703 168,415 168,415 90,288 65% Expenditures by Type Personnel Salaries & Wages 119,938 180,337 253,846 253,846 62,894 - 62,894 190,952 25% Total Expenditures 119,938 180,337 253,846 253,846 62,894 - 62,894 190,952 25% Net Surplus / (Deficit)124,903 69,189 4,857 4,857 105,521 105,521 Beginning Cash Balance 32,563 157,521 226,711 Cash Adjustments 56 - - Ending Cash Balance 157,521 226,711 231,568 331,656 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 142 City of South Bend, Indiana Monthly Financial Report August 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 64,628 64,628 34,712 65% Total Revenue 94,111 64,091 99,340 99,340 64,628 64,628 34,712 65% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)94,111 64,091 99,340 99,340 64,628 64,628 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 10,955,672 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 Cash Reserves Target 143 City of South Bend, Indiana Monthly Financial Report August 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 6,077 6,077 (2,807) 186% 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 - - 50 50 (50) - Home Energy Improvements 100,000 - - 90,000 90,000 90,000 - 100% Code Enforcement Demolitions 55,000 - - - - - - - Animal Resource Center Donations 49,603 47,599 35,000 35,000 13,265 13,265 21,735 38% Pokagon Band Donation 100,000 100,000 - 100,000 100,000 100,000 - 100% Total Revenue 765,453 478,492 56,270 246,270 209,391 209,391 36,878 85% Expenditures by Project Wayfinding Signage Project 56,258 33,500 - - - - - - - Bloomberg Mayors Challenge 313,871 323,775 322,506 477,704 121,635 239,763 361,398 116,306 76% 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 - - 41,000 131,000 - 41,000 41,000 90,000 31% 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 17,010 395 17,405 32,595 35% Code Enforcement Demolitions - 2,863 - 52,625 44,425 8,200 52,625 - 100% Pokagon Band Donation - - - - - - - - - Total Expenditures 453,294 481,425 431,006 740,289 183,070 300,818 483,889 256,401 65% Expenditures by Type Supplies - - 43,500 43,500 - 41,000 41,000 2,500 94% Services & Charges Professional Services 382,631 360,185 372,506 527,704 138,645 240,158 378,804 148,901 72% 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 99,000 - - - 99,000 0% Other Services & Charges 5 2,863 - 52,625 44,425 8,200 52,625 - 100% Total Services & Charges 453,294 481,425 387,506 696,789 183,070 259,818 442,889 253,901 64% Total Expenditures 453,294 481,425 431,006 740,289 183,070 300,818 483,889 256,401 65% Net Surplus / (Deficit)312,160 (2,933) (374,736) (494,019) 26,321 (274,498) Beginning Cash Balance 668,273 981,455 978,522 Cash Adjustments 1,022 - - Ending Cash Balance 981,455 978,522 484,503 1,003,100 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 144 City of South Bend, Indiana Monthly Financial Report August 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 2,453 2,453 1,316 65% Total Revenue 5,076 2,515 3,769 3,769 2,453 2,453 1,316 65% 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 2,453 2,453 Beginning Cash Balance 605,471 481,214 414,099 Cash Adjustments 1,038 - - Ending Cash Balance 481,214 414,099 417,868 415,830 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 145 City of South Bend, Indiana Monthly Financial Report August 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 - 1,600 1,995 1,995 (395) 125% Other Income - - 2,050 450 - - 450 0% Total Revenue 177,140 175,390 155,250 155,250 6,161 6,161 149,088 4% Expenditures by Subdivision General 19,061 9,928 3,000 2,760 2,760 - 2,760 - 100% EEOC 100,391 98,139 124,371 129,278 72,787 8,333 81,120 48,158 63% HUD 93,473 126,938 113,745 116,745 69,160 - 69,160 47,585 59% Total Expenditures 212,926 235,005 241,116 248,783 144,706 8,333 153,039 95,743 62% Expenditures by Type Personnel Salaries & Wages 124,770 125,084 128,156 128,156 83,771 - 83,771 44,385 65% Fringe Benefits 38,541 38,636 52,160 52,160 26,249 - 26,249 25,911 50% Total Personnel 163,311 163,721 180,316 180,316 110,020 - 110,020 70,296 61% Supplies 1,724 3,864 2,000 2,000 211 - 211 1,789 11% Services & Charges Professional Services 24,667 18,333 27,800 31,467 14,576 8,333 22,909 8,558 73% Printing & Advertising 16,215 11,878 6,000 12,640 8,978 - 8,978 3,662 71% Education & Training 5,960 5,178 6,000 4,190 3,717 - 3,717 473 89% Travel - - 17,800 16,970 7,063 - 7,063 9,907 42% Other Services & Charges 1,049 32,032 1,200 1,200 141 - 141 1,059 12% Total Services & Charges 47,891 67,420 58,800 66,467 34,475 8,333 42,809 23,659 64% Interfund Transfers Out - - - - - - - - - Total Expenditures 212,926 235,005 241,116 248,783 144,706 8,333 153,039 95,744 62% Net Surplus / (Deficit)(35,786) (59,614) (85,866) (93,533) (138,545) (146,878) Beginning Cash Balance 521,051 486,159 426,544 Cash Adjustments 893 - - Ending Cash Balance 486,159 426,544 333,012 289,294 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. 146 City of South Bend, Indiana Monthly Financial Report August 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 29,455,024 1 100% Interest Earnings - 81,618 - 90,000 255,766 255,766 (165,766) 284% Total Revenue - 29,536,642 29,455,024 29,545,024 29,710,790 29,710,790 (165,765) 101% 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 11,100,000 303,410 1,080,120 1,383,530 9,716,470 12% Total Expenditures - - 10,100,000 13,510,000 2,194,340 1,080,120 3,274,460 10,235,540 24% Net Surplus / (Deficit)- 29,536,642 19,355,024 16,035,024 27,516,450 26,436,330 Beginning Cash Balance - - 29,536,642 Cash Adjustments - - - Ending Cash Balance - 29,536,642 45,571,666 57,074,895 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. 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 147 City of South Bend, Indiana Monthly Financial Report August 31, 2022 2022 2022 2022 2022 Total 2021 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Expenditures by Fund General Fund (#101)4,948,093 36,195,000 39,495,000 2,742,163 3,255,183 5,997,346 33,497,654 15% American Rescue Plan (#263)- 10,100,000 13,510,000 2,194,340 1,174,500 3,368,840 10,141,160 25% Total Expenditures by Fund 4,948,093 46,295,000 53,005,000 4,936,503 4,429,683 9,366,186 43,638,814 18% Expenditures by ARP Programs Strong Neighborhoods Home Repair Assistance Programs - 2,500,000 2,500,000 - - - 2,500,000 0% Housing Financing - 2,500,000 2,500,000 - - - 2,500,000 0% Home Buying Assistance - 1,000,000 1,000,000 - - - 1,000,000 0% Additional Neighborhood Infrastructure - 2,500,000 2,500,000 63,395 634,154 697,549 1,802,451 28% City-wide Comprehensive Plan - 500,000 500,000 109,537 175,000 284,537 215,463 57% Plan Implementation - 300,000 300,000 17,000 - 17,000 283,000 6% Land Bank Startup Costs - 250,000 250,000 - - - 250,000 0% Demolitions (Vacant & Abandoned / Commercial)- 3,670,000 4,170,000 804,266 785,965 1,590,231 2,579,769 38% Neighborhood Development Assistance - 150,000 150,000 - - - 150,000 0% Vacant Building Development Financing - 1,500,000 2,000,000 - - - 2,000,000 0% Neighborhood Recovery Grants - 200,000 200,000 - - - 200,000 0% Neighborhood Main Streets (Bike Racks, Trash Cans, etc.)- 500,000 500,000 - - - 500,000 0% Athletic Court Repair - 1,600,000 1,600,000 80,812 571 81,384 1,518,616 5% Subtotal - 17,170,000 18,170,000 1,075,011 1,595,690 2,670,701 15,499,299 15% Safe Community for Everyone Homelessness Strategy Implementation - 200,000 200,000 - - - 200,000 0% County Partnerships on Homelessness & Mental Health - 5,800,000 5,800,000 - - - 5,800,000 0% Gun Violence Intervention - 500,000 500,000 - - - 500,000 0% Public Safety Technology Upgrades - 1,500,000 1,500,000 - - - 1,500,000 0% COVID Response 1,448,093 - - - - - - - COVID Facilities Upgrades - 1,800,000 2,000,000 24,819 1,013,200 1,038,019 961,981 52% ARP Premium Pay - - 1,910,000 1,889,660 - 1,889,660 20,340 99% Subtotal 1,448,093 9,800,000 11,910,000 1,914,478 1,013,200 2,927,678 8,982,321 25% Robust, Sustainable Infrastructure - Green Infrastructure Greener Homes - 100,000 100,000 - - - 100,000 0% Solarize, Switch & Save - 300,000 300,000 95,000 202,000 297,000 3,000 99% Commercial Recycling Partnership for CBD’s - 75,000 75,000 - - - 75,000 0% EV Plan & Deployment - 150,000 150,000 - 14,453 14,453 135,547 10% Distributed Solar/Storage - 1,000,000 1,000,000 150,000 - 150,000 850,000 15% Subtotal - 1,625,000 1,625,000 245,000 216,453 461,453 1,163,547 28% Equitable Access to Opportunity Small Business Assistance - 1,750,000 1,750,000 - - - 1,750,000 0% Utility Relief 3,500,000 2,000,000 2,000,000 1,131,794 - 1,131,794 868,206 57% Streamlined Assistance - 500,000 600,000 184,527 111,312 295,839 304,161 49% Opportunity Fund - 1,000,000 1,000,000 - - - 1,000,000 0% Immigration Support - 100,000 100,000 51,348 50,000 101,348 (1,348) 101% Subtotal 3,500,000 5,350,000 5,450,000 1,367,669 161,312 1,528,981 3,921,019 28% Youth and Workforce Development Workforce Development - 250,000 250,000 18,000 218,200 236,200 13,800 94% Dream Center - 10,100,000 11,100,000 304,680 1,174,500 1,479,180 9,620,820 13% Pre-K Centers - 2,000,000 4,500,000 11,664 50,328 61,992 4,438,008 1% Subtotal - 12,350,000 15,850,000 334,344 1,443,028 1,777,372 14,072,628 11% Total Expenditures by Program 4,948,093 46,295,000 53,005,000 4,936,503 4,429,683 9,366,186 43,638,814 18% American Rescue Plan: 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”). American Rescue Plan Budget Summary - Fund 101 & 263 148 City of South Bend, Indiana Monthly Financial Report August 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 - 1,166,853 331,106 331,106 835,747 28% Other Income - 5,000 - - - - - - Interfund Transfers In 1,000,000 1,448,093 - - - - - - Total Revenue 6,086,138 2,943,368 - 1,166,853 331,106 331,106 835,747 28% 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 - 1,166,853 368,999 623,490 992,489 174,364 85% Venues, Parks & Arts 127,466 5,595 - - - - - - - Code Enforcement 4,339 - - - - - - - - Building Department 863 - - - - - - - - Total Expenditures 6,033,275 2,996,232 - 1,166,853 368,999 623,490 992,489 174,364 85% 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 - 1,166,853 368,999 623,490 992,489 174,364 85% Other Services & Charges 54,452 18,250 - - - - - - - Total Services & Charges 2,432,318 1,977,914 - 1,166,853 368,999 623,490 992,489 174,364 85% Interfund Transfers Out 3,348,292 1,000,000 - - - - - - - Total Expenditures 6,033,275 2,996,232 - 1,166,853 368,999 623,490 992,489 174,364 85% Net Surplus / (Deficit)52,864 (52,864) - - (37,893) (661,383) Beginning Cash Balance - 53,214 - Cash Adjustments 350 (350) - Ending Cash Balance 53,214 - - (37,893) 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. 149 City of South Bend, Indiana Monthly Financial Report August 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 9,591,298 6,613,436 6,613,436 2,977,862 69% Interest Earnings 111,181 87,126 110,950 110,950 88,169 88,169 22,781 79% Debt Proceeds 2,262,160 1,598,000 1,462,000 1,632,000 1,632,000 1,632,000 - 100% Other Income 361,924 246,998 32,000 32,000 27,000 27,000 5,000 84% Interfund Transfers In - 147,786 383,028 730,725 603,049 603,049 127,676 83% Total Revenue 16,500,074 15,414,847 11,009,098 12,096,973 8,963,654 8,963,654 3,133,319 74% Expenditures by Activity General City 2,263,417 3,173,836 1,185,625 1,459,152 1,106,123 233,763 1,339,887 119,265 92% Legal Dept 3,441 2,527 15,000 15,000 625 - 625 14,375 4% Information Technology 1,579,347 28,098 80,000 151,500 10,969 60,531 71,500 80,000 47% Police Department 2,136,734 1,826,705 2,952,548 6,173,350 3,677,050 194,897 3,871,946 2,301,404 63% Vacant & Abandoned Houses 232,822 185,684 - 400,390 338,827 61,563 400,390 - 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 1,480,749 917,396 415,580 1,332,976 147,773 90% Morris Performing Arts Center - 1,800,000 - - - - - - - Light Up South Bend 88,137 146,590 260,000 394,924 157,647 25,994 183,641 211,283 47% Streets 2,899,656 - 3,750,000 3,755,179 2,500,000 5,179 2,505,179 1,250,000 67% Curb & Sidewalk 1,500,000 1,500,000 1,500,000 1,500,000 1,000,000 - 1,000,000 500,000 67% Traffic Signals & Street Lighting 1,501,835 1,401,657 1,467,536 1,467,536 896,164 - 896,164 571,373 61% Total Expenditures 14,341,653 11,687,709 12,167,559 17,596,408 10,617,044 1,778,837 12,395,880 5,200,528 70% Expenditures by Type Supplies 92,245 145,595 200,000 334,924 107,876 25,699 133,575 201,349 40% Services & Charges Professional Services 1,681,956 35,065 155,000 359,073 66,593 164,906 231,498 127,575 64% Printing & Advertising 500 24,785 - - - - - - - Utilities 1,501,835 1,401,657 1,467,536 1,467,536 896,164 - 896,164 571,373 61% Repairs & Maintenance 756,305 565,186 610,000 1,135,344 638,727 313,968 952,695 182,649 84% Grants & Subsidies 397,553 340,711 341,129 1,016,129 249,086 767,043 1,016,129 - 100% Other Services & Charges 1,292,054 1,086,776 1,102,449 1,647,525 1,383,373 205,994 1,589,367 58,158 96% Debt Service Principal 1,364,172 1,631,258 1,379,062 1,379,594 1,269,734 - 1,269,734 109,861 92% Debt Service Interest & Fees 59,809 53,009 71,486 70,954 40,171 - 40,171 30,782 57% Total Services & Charges 7,054,183 5,138,446 5,126,662 7,076,156 4,543,847 1,451,911 5,995,758 1,080,398 85% Capital 825,101 123,519 1,462,000 4,806,431 2,379,388 301,227 2,680,615 2,125,816 56% Interfund Interfund Allocations 8,633 9,753 9,676 9,676 6,451 - 6,451 3,225 67% Interfund Transfers Out 6,361,491 6,270,396 5,369,221 5,369,221 3,579,481 - 3,579,481 1,789,740 67% Total Interfund 6,370,124 6,280,149 5,378,897 5,378,897 3,585,932 - 3,585,932 1,792,965 67% Total Expenditures 14,341,653 11,687,709 12,167,559 17,596,408 10,617,044 1,778,837 12,395,880 5,200,528 70% Net Surplus / (Deficit)2,158,421 3,727,138 (1,158,461) (5,499,435) (1,653,389) (3,432,226) 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 13,131,810 16,954,947 Cash Reserves Target 7,170,827 5,843,854 8,798,204 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. 150 City of South Bend, Indiana Monthly Financial Report August 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 433,812 469,124 473,780 473,780 265,836 265,836 207,944 56% Intergov./ Shared Revenues 40,795 41,568 38,648 38,648 19,615 19,615 19,033 51% Interest Earnings 765 928 1,995 1,995 1,296 1,296 699 65% Total Revenue 475,372 511,620 514,423 514,423 286,747 286,747 227,676 56% Expenditures by Activity Transfer to Fund 404 - - 143,687 143,687 95,791 - 95,791 47,896 67% Police Department 516,510 394,767 368,741 368,741 212,007 - 212,007 156,734 57% Park Capital 12,970 - - - - - - - - Total Expenditures 529,479 394,767 512,428 512,428 307,798 - 307,798 204,630 60% Expenditures by Type Services & Charges Debt Service Principal 484,511 370,109 353,115 353,115 202,120 - 202,120 150,995 57% Debt Service Interest & Fees 31,998 24,658 15,626 15,626 9,887 - 9,887 5,739 63% Total Services & Charges 516,510 394,767 368,741 368,741 212,007 - 212,007 156,734 57% Capital 12,970 - - - - - - - - Interfund Transfers Out - - 143,687 143,687 95,791 - 95,791 47,896 67% Total Expenditures 529,479 394,767 512,428 512,428 307,798 - 307,798 204,630 60% Net Surplus / (Deficit)(54,108) 116,853 1,995 1,995 (21,051) (21,051) Beginning Cash Balance 223,617 169,893 286,746 Cash Adjustments 383 - - Ending Cash Balance 169,893 286,746 288,741 265,234 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. 151 City of South Bend, Indiana Monthly Financial Report August 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 96,141 96,141 118,200 45% Interest Earnings 5,369 3,682 3,825 3,825 3,476 3,476 349 91% Other Income 18,750 25,000 25,000 25,000 - - 25,000 0% Total Revenue 243,373 236,443 243,166 243,166 99,617 99,617 143,549 41% Expenditures by Activity Transfer to Fund 404 - - 239,341 239,341 159,561 - 159,561 79,780 67% Community Investment 6,770 - - - - - - - - Park Vehicles & Equipment - 262,145 - - - - - - - Venues, Parks & Arts Capital - - 250,000 250,000 13,304 233,808 247,112 2,888 99% Streets Vehicles & Equipment 250,000 - - - - - - - - Total Expenditures 256,770 262,145 489,341 489,341 172,865 233,808 406,673 82,668 83% Expenditures by Type Capital 6,770 - 250,000 250,000 13,304 233,808 247,112 2,888 99% Interfund Transfers Out 250,000 262,145 239,341 239,341 159,561 - 159,561 79,780 67% Total Expenditures 256,770 262,145 489,341 489,341 172,865 233,808 406,673 82,668 83% Net Surplus / (Deficit)(13,397) (25,702) (246,175) (246,175) (73,247) (307,056) Beginning Cash Balance 689,015 676,798 651,096 Cash Adjustments 1,181 - - Ending Cash Balance 676,798 651,096 404,921 576,847 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. 152 City of South Bend, Indiana Monthly Financial Report August 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 12,704,389 8,682,587 8,682,587 4,021,802 68% Intergov./ Grants 12,500 - 50,000 50,000 - - 50,000 0% Fines, Forfeitures, and Fees 354,660 - - - - - - - Interest Earnings 163,880 128,951 136,795 136,795 154,205 154,205 (17,410) 113% Donations - - - 75,000 67,950 67,950 7,050 91% Other Income 153,272 151,545 349,424 349,424 6,983 6,983 342,441 2% Interfund Transfers In - 1,000,000 - - - - - - Total Revenue 14,090,026 14,286,985 12,752,855 13,315,608 8,911,725 8,911,725 4,403,883 67% Expenditures by Activity General City 1,076,233 - - 7,800,000 - 71,180 71,180 7,728,820 1% 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 10,950,863 3,637,832 2,989,682 6,627,514 4,323,349 61% Neighborhoods 3,865,219 2,340,000 5,654,853 6,500,554 2,646,373 565,675 3,212,048 3,288,506 49% Streets 35,749 - - 3,018,812 - 18,812 18,812 3,000,000 1% 2015 Park Bonds 376,689 376,736 375,106 375,106 248,163 - 248,163 126,943 66% 2018 Zoo Bonds 320,900 324,100 332,100 332,100 332,100 - 332,100 - 100% 2021 Infrastructure Bonds - 253,000 606,000 606,000 575,500 - 575,500 30,500 95% Total Expenditures 12,470,279 8,380,845 13,810,778 29,782,859 7,439,967 3,645,349 11,085,316 18,697,542 37% Expenditures by Type Services & Charges Professional Services 2,883,244 3,074,579 160,000 620,920 309,758 98,634 408,391 212,528 66% Printing & Advertising 404 2,706 45,000 45,000 7,162 1,800 8,962 36,038 20% Utilities 42,523 46,983 70,000 70,000 34,862 - 34,862 35,138 50% Repairs & Maintenance 209,536 122,395 432,873 3,451,968 136,982 19,082 156,064 3,295,904 5% Grants & Subsidies 1,220,570 1,028,845 2,220,000 6,798,284 1,313,846 3,428,043 4,741,890 2,056,394 70% Other Services & Charges 1,603 - 635,593 635,593 39,013 - 39,013 596,580 6% Debt Service Principal 301,441 314,344 333,699 333,699 190,000 - 190,000 143,699 57% Debt Service Interest & Fees 219,669 209,777 198,825 198,825 142,100 - 142,100 56,725 71% Total Services & Charges 4,878,989 4,799,629 4,095,990 12,154,288 2,173,722 3,547,559 5,721,281 6,433,006 47% Capital 5,000 112,229 150,000 8,199,783 167,582 97,790 265,373 7,934,410 3% Interfund Transfers Out 7,586,290 3,468,986 9,564,788 9,428,788 5,098,663 - 5,098,663 4,330,125 54% Total Expenditures 12,470,279 8,380,845 13,810,778 29,782,859 7,439,967 3,645,349 11,085,316 18,697,541 37% Net Surplus / (Deficit)1,619,747 5,906,140 (1,057,923) (16,467,251) 1,471,758 (2,173,591) 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 8,328,103 26,381,964 Cash Reserves Target 6,235,140 4,190,422 14,891,429 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 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 #221 & #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. | Debt Service - The fund is used to pay for debt service for the following bonds: • 2015 Economic Development Income Tax Bonds (Park Projects), (Interfund Transfer to Fund #757) - final payment 8/1/35, (debt schedule #141) • 2018 Economic Development Revenue Bonds (Potawatomi Zoo Project) - final payment 2/1/34, (debt schedule #175) • 2021 South Bend Building Corporation LIT Lease Rental Revenue Bonds (Infrastructure Projects), (Interfund Transfer to Fund #755) - final payment 8/1/36, (debt schedule #215) 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 153 City of South Bend, Indiana Monthly Financial Report August 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. 154 City of South Bend, Indiana Monthly Financial Report August 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 2,750 470 470 2,280 17% Interfund Transfers In 2,870,500 2,866,000 2,865,000 3,055,500 2,858,000 2,858,000 197,500 94% Total Revenue 2,872,851 2,866,071 2,867,750 3,058,250 2,858,470 2,858,470 199,780 93% Expenditures by Type Services & Charges Debt Service Principal 1,790,000 1,850,000 1,925,000 2,030,000 2,030,000 - 2,030,000 - 100% Debt Service Interest & Fees 1,073,013 1,006,069 934,282 1,014,328 988,665 - 988,665 25,663 97% Total Expenditures 2,863,013 2,856,069 2,859,282 3,044,328 3,018,665 - 3,018,665 25,663 99% Net Surplus / (Deficit)9,839 10,002 8,468 13,922 (160,195) (160,195) Beginning Cash Balance 222,584 232,423 242,425 Cash Adjustments - - - Ending Cash Balance 232,423 242,425 256,347 82,230 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 funded by interfund transfers from 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 funded by interfund transfers from 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 funded by interfund transfers from Redevelopment General Fund (#433), final payment 2/1/46, (debt sched. #221) Cash Reserves Target 100% cash reserves per bond covenants 155 City of South Bend, Indiana Monthly Financial Report August 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 3,000 719 719 2,281 24% Debt Proceeds - 8,860,022 - - - - - - Interfund Transfers In 2,645,000 2,564,000 2,575,500 2,766,500 2,736,000 2,736,000 30,500 99% Total Revenue 2,648,478 11,424,080 2,578,500 2,769,500 2,736,719 2,736,719 32,781 99% Expenditures by Type Services & Charges Debt Service Principal 2,250,000 2,150,000 2,075,000 2,195,000 2,195,000 - 2,195,000 - 100% Debt Service Interest & Fees 379,968 635,015 487,480 556,956 552,016 - 552,016 4,940 99% Total Services & Charges 2,629,968 2,785,015 2,562,480 2,751,956 2,747,016 - 2,747,016 4,940 100% Interfund Transfers Out - 9,248,224 - - - - - - - Total Expenditures 2,629,968 12,033,240 2,562,480 2,751,956 2,747,016 - 2,747,016 4,940 100% Net Surplus / (Deficit)18,510 (609,159) 16,020 17,544 (10,297) (10,297) Beginning Cash Balance 815,025 833,535 224,375 Cash Adjustments - - - Ending Cash Balance 833,535 224,375 241,919 214,078 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 funded by interfund transfers from River West TIF Fund (#324), final payment 2/1/23, (debt schedule #39) • 2013 EMS/Fire Station/Tower Bonds - debt payments funded by interfund transfers from Fire Department Capital Fund (#287), final payment 2/1/33, (debt schedule #116) • 2021 LIT Infrastructure Bonds - debt payments funded by interfund transfers from 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 funded by interfund transfers from 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 156 City of South Bend, Indiana Monthly Financial Report August 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 9,878,014 9,878,014 7,826,116 56% Intergov./ Shared Revenues 381,500 383,000 396,500 396,500 200,000 200,000 196,500 50% Intergov./ Grants 13,844 868,707 - - 119,954 119,954 (119,954) - Charges for Services - - - - - - - - Interest Earnings 199,544 153,650 173,901 173,901 196,031 196,031 (22,130) 113% Donations 2,250 - - - - - - - Debt Proceeds 4,345,059 - - - - - - - Other Income 252,995 22,900 - 15,393 129,055 129,055 (113,662) 838% Interfund Transfers In 35,560 585,315 - 8 16 16 (8) 204% Total Revenue 22,045,151 20,134,540 18,274,531 18,289,932 10,523,070 10,523,070 7,766,862 58% Expenditures by Type Services & Charges Professional Services 1,082,200 714,611 425,000 831,566 399,025 126,911 525,935 305,631 63% Debt Service Principal 3,750,570 3,883,193 3,711,202 3,711,202 3,627,075 - 3,627,075 84,127 98% Debt Service Interest & Fees 1,329,981 958,715 813,204 813,204 797,030 - 797,030 16,174 98% Other Services & Charges 619,953 - - 250,000 250,000 - 250,000 - 100% Total Services & Charges 6,782,703 5,556,519 4,949,406 5,605,972 5,073,130 126,911 5,200,041 405,932 93% Capital 12,152,391 4,873,092 - 14,757,013 2,957,458 4,508,752 7,466,210 7,290,803 51% Interfund Transfers Out 5,085,022 5,013,303 4,710,000 4,710,000 4,512,500 - 4,512,500 197,500 96% Total Expenditures 24,020,117 15,442,915 9,659,406 25,072,985 12,543,088 4,635,662 17,178,751 7,894,235 69% Net Surplus / (Deficit)(1,974,965) 4,691,625 8,615,125 (6,783,053) (2,020,019) (6,655,681) 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 26,929,988 31,633,735 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. 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. This fund is also used to repay several bonds related to capital projects in the community. The repayment of the bonds is either accounted for in this fund (see Debt Service Principal & Interest expense) or accounted for in separate debt service funds with the repayment being funded by interfund transfers from this fund to the debt service funds (see Interfund Transfers Out). Current debt includes: • 2006 Main/Colfax Garage - Transpo Lease - final payment 9/15/25, (debt schedule #13) • 2011 South Bend Downtown Central Development Area TIF Refunding Bonds, Refunding 2003 - final payment 8/1/24, (debt schedule #5) • 2011 Airport Development Area TIF Refunding Bonds, Refunding 2003 - final payment 8/1/24, (debt schedule #6) • 2012 Fire Station/Police Dept Renovations Refunding Bonds, Refunding 2003, (Interfund Transfer to Fund #755) - final payment 2/1/23, (debt schedule #39) • 2013 Century Center Special Tax Bonds, Refunding 2008, (Interfund Transfer to Fund #752) - final payment 5/1/26, (debt schedule #62) • 2015 South Bend Redevelopment Authority Lease Rental Revenue Bonds (Smart Streets Bonds), (Interfund Transfer to Fund #756) - final payment 2/1/37, (debt schedule #135) • 2019 South Bend Redevelop. Authority Lease Rental Revenue Bonds (Double Tracking Project), (Interfund Transfer to Fund #352) - final payment 2/1/30, (debt schedule #200) • 2018 Redevelopment District Bonds (Park Projects) - final payment 2/1/33, (debt schedule #169) • 2020 Taxable Economic Development Tax Increment Revenue Bonds (Community Education Center Project) - final payment 2/1/37, (debt schedule #210) Cash Reserves Target No reserve requirement 157 City of South Bend, Indiana Monthly Financial Report August 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 237,261 348,856 283,927 283,927 151,044 151,044 132,883 53% Interest Earnings 8,861 7,164 9,635 9,635 7,709 7,709 1,926 80% Other Income 300 - - - - - - - Total Revenue 246,422 356,020 293,562 293,562 158,752 158,752 134,809 54% 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 44,448 117,051 161,499 62,606 72% Total Expenditures 152,721 248,282 - 228,561 44,448 118,251 162,699 65,862 71% Net Surplus / (Deficit)93,701 107,738 293,562 65,001 114,304 (3,947) 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 1,346,995 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 158 City of South Bend, Indiana Monthly Financial Report August 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 2,424,936 2,424,936 1,397,954 63% Interest Earnings 62,271 39,992 27,464 27,464 61,600 61,600 (34,136) 224% 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 2,503,386 2,503,386 1,346,968 65% Expenditures by Type Services & Charges Professional Services 82,784 67,611 - 749,824 175,479 497,935 673,414 76,410 90% Insurance - 523 - 221 - - - 221 0% Other Services & Charges - - - - - - - - - Total Services & Charges 82,784 68,133 - 750,045 175,479 497,935 673,414 76,631 90% Capital 5,418,511 1,336,457 - 7,428,757 525,996 1,701,979 2,227,975 5,200,782 30% Total Expenditures 5,501,295 1,404,591 - 8,178,801 701,474 2,199,914 2,901,389 5,277,413 35% Net Surplus / (Deficit)(2,441,932) 3,711,876 3,850,354 (4,328,447) 1,801,912 (398,002) 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 5,177,998 11,281,757 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 159 City of South Bend, Indiana Monthly Financial Report August 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 1,512,733 1,512,733 303,016 83% Interest Earnings 89,378 75,461 69,286 69,286 86,479 86,479 (17,193) 125% Total Revenue 3,171,100 3,057,189 1,885,035 1,885,035 1,599,212 1,599,212 285,823 85% Expenditures by Type Services & Charges Professional Services 140,498 162,661 - 731,102 107,050 338,686 445,736 285,366 61% Total Services & Charges 140,498 162,661 - 731,102 107,050 338,686 445,736 285,366 61% Capital 76,527 999,692 - 9,242,403 1,148,458 848,106 1,996,564 7,245,839 22% Total Expenditures 217,025 1,162,353 - 9,973,505 1,255,507 1,186,792 2,442,300 7,531,205 24% Net Surplus / (Deficit)2,954,075 1,894,837 1,885,035 (8,088,470) 343,705 (843,088) 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 6,384,712 14,919,979 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 160 City of South Bend, Indiana Monthly Financial Report August 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 - 269,923 166,000 166,000 194,469 194,469 (28,469) 117% Interest Earnings 1,154 687 3,511 3,511 1,091 1,091 2,420 31% Total Revenue 1,154 270,610 169,511 169,511 195,560 195,560 (26,049) 115% 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 - 209,147 209,147 - 209,147 - 100% Total Expenditures 96,143 106,170 - 284,630 210,455 - 210,455 74,175 74% Net Surplus / (Deficit)(94,989) 164,440 169,511 (115,119) (14,895) (14,895) Beginning Cash Balance 187,806 93,140 257,579 Cash Adjustments 322 - - Ending Cash Balance 93,140 257,579 142,461 242,264 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 161 City of South Bend, Indiana Monthly Financial Report August 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 3,544,574 3,544,574 2,433,806 59% Interest Earnings 15,060 19,471 53,667 53,667 24,076 24,076 29,591 45% Total Revenue 5,324,035 6,318,471 6,032,047 6,032,047 3,568,649 3,568,649 2,463,397 59% Expenditures by Type Services & Charges Professional Services - 13,350 30,000 30,000 1,500 - 1,500 28,500 5% Debt Service Principal 409,383 427,037 445,524 445,524 445,523 - 445,523 1 100% Debt Service Interest & Fees 85,445 67,791 49,805 49,805 47,805 - 47,805 2,000 96% Total Services & Charges 494,828 508,178 525,329 525,329 494,828 - 494,828 30,501 94% Interfund Transfers Out 3,864,125 5,058,659 4,396,375 4,396,375 4,396,375 - 4,396,375 - 100% Total Expenditures 4,358,953 5,566,837 4,921,704 4,921,704 4,891,203 - 4,891,203 30,501 99% Net Surplus / (Deficit)965,082 751,634 1,110,343 1,110,343 (1,322,554) (1,322,554) 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 4,100,291 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. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. 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. This fund is used to repay bonds related to capital projects in the community. The repayment of the bonds is accounted for in separate debt service funds with the repayment being funded by interfund transfers from this fund to the debt service funds (see Interfund Transfers Out). Also, this fund is repaying two interfund loans (see Debt Service Principal & Interest expense). Principal and interest payments are made to the Major Moves Fund (#412). The loans will be paid off in 2024 and 2029. Current debt includes: • 2011/2013 Major Moves-Triangle Development Interfund Loan, (Repay Fund #412) - final payment 2/15/29, (debt schedule #84) • 2011/2013 Major Moves-Eddy Street Commons Interfund Loan, (Repay Fund #412) - final payment 2/15/24, (debt schedule #85) • 2015 South Bend Redevelopment Authority Lease Rental Revenue Bonds, Refunding 2008 (Eddy Street Commons Project), (Interfund Transfer to Fund #752) - final payment 2/15/33, (debt schedule #54) • 2017 Taxable Economic Development Revenue Bonds (Eddy Street Phase II), (Interfund Transfer to Fund #760) - final payment 2/15/37, (debt schedule #163) Cash Reserves Target No reserve requirement 162 City of South Bend, Indiana Monthly Financial Report August 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 - - 1,808 1,808 (1,808) - Total Revenue 9,075 6,133 - - 1,808 1,808 (1,808) - Expenditures by Type Interfund Transfers Out 13,309 6,133 - - - - - - - Total Expenditures 13,309 6,133 - - - - - - - Net Surplus / (Deficit)(4,234) - - - 1,808 1,808 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 163 City of South Bend, Indiana Monthly Financial Report August 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 - - 1,808 1,808 (1,808) - Total Revenue 9,075 6,133 - - 1,808 1,808 (1,808) - Expenditures by Type Interfund Transfers Out 13,309 6,133 - - - - - - - Total Expenditures 13,309 6,133 - - - - - - - Net Surplus / (Deficit)(4,234) - - - 1,808 1,808 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 164 City of South Bend, Indiana Monthly Financial Report August 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 6,136 6,136 3,222 66% Total Revenue 8,934 6,085 9,357 9,357 6,136 6,136 3,222 66% Total Expenditures - - - - - - - - - Net Surplus / (Deficit)8,934 6,085 9,357 9,357 6,136 6,136 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 1,040,078 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 165 City of South Bend, Indiana Monthly Financial Report August 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 3 3 7 29% Interfund Transfers In 488,171 1,036,500 1,035,000 1,035,000 1,035,000 1,035,000 - 100% Total Revenue 488,184 1,036,503 1,035,010 1,035,010 1,035,003 1,035,003 7 100% Expenditures by Type Services & Charges Debt Service Principal 270,000 650,000 685,000 685,000 685,000 - 685,000 - 100% Debt Service Interest & Fees 247,313 377,750 344,750 344,750 344,750 - 344,750 - 100% Total Services & Charges 517,313 1,027,750 1,029,750 1,029,750 1,029,750 - 1,029,750 - 100% Total Expenditures 517,313 1,027,750 1,029,750 1,029,750 1,029,750 - 1,029,750 - 100% Net Surplus / (Deficit)(29,129) 8,753 5,260 5,260 5,253 5,253 Beginning Cash Balance 29,819 690 9,443 Cash Adjustments - - - Ending Cash Balance 690 9,443 14,703 14,695 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. 166 City of South Bend, Indiana Monthly Financial Report August 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 11 11 (1) 109% Interfund Transfers In 326,938 - - - - - - - Total Revenue 326,939 16 10 10 11 11 (1) 109% Expenditures by Type Interfund Transfers Out - 11 - - 16 - 16 (16) - Total Expenditures - 11 - - 16 - 16 (16) - Net Surplus / (Deficit)326,939 5 10 10 (5) (5) Beginning Cash Balance - 326,939 326,944 Cash Adjustments - - - Ending Cash Balance 326,939 326,944 326,954 326,939 Cash Reserves Target 326,939 326,944 326,954 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 100% debt service reserve per bond covenants This fund was established to hold the debt service reserve for the Taxable Economic Development Tax Increment Revenue Bonds, Series 2020, Community Education Center Project (debt schedule #210). The bonds were issued to provide funds to the St. Joseph County Public Library for the purpose of construction, equipping, and furnishing of a new building for use as a community and education center to provide new and flexible spaces for community meeting and training, events and conferences, and a larger auditorium to meet increasing demand for program space and allow for a more diverse range of programs and community events. - The par amount of the bonds was $4,225,000 with a premium of $120,058.95. The bonds were closed on October 28, 2020 with a net interest rate of 3%. - The bond proceeds were deposited into the River West Development Area TIF Fund (#324). $4,000,000 went towards the capital project and the remaining amount went towards cost of issuance. - The bonds are being repaid by Fund #324, with bond payments due on February 1 and August 1. At the time of issuance, $326,937.50 was deposited into this fund to be held as a reserve. This fund receives revenue from interest earned on the cash balance held at the trustee bank. The debt service reserve will be used towards the last debt service payment due February 1, 2037. 167 City of South Bend, Indiana Monthly Financial Report August 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 7,000 556 525 525 31 94% Hotel/Motel Taxes - - - 381,500 - - 381,500 0% Interest Earnings 11,827 13,014 24,072 24,072 16,418 16,418 7,654 68% 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 1,556,128 16,944 16,944 1,539,185 1% Expenditures by Type Services & Charges Professional Services 1,657 91 4,500 4,500 - - - 4,500 0% Grants & Subsidies 666,323 538,272 - 755,283 405,642 199,641 605,283 150,000 80% Total Services & Charges 667,979 538,363 4,500 759,783 405,642 199,641 605,283 154,500 80% Capital 2,214 - - - - - - - - Interfund Transfers Out - 147,786 - 381,500 381,500 - 381,500 - 100% Total Expenditures 670,193 686,149 4,500 1,141,283 787,142 199,641 986,783 154,500 86% Net Surplus / (Deficit)965,263 743,285 1,176,572 414,845 (770,198) (969,839) 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 3,602,839 2,413,603 Cash Reserves Target 167,548 171,537 285,321 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). • 2022 South Bend Redevelopment Authority Lease Rental Revenue Bonds (Morris Project), (Interfund Transfer to Fund #752) - final payment 2/1/46, (debt schedule #221) • 2022 Economic Development Lease Rental Revenue Bonds (Potawatomi Zoo Project), (Interfund Transfer to Fund #755) - final payment 2/1/42, (debt schedule #222) Cash Reserves Target 25% of Annual expenditures 168 City of South Bend, Indiana Monthly Financial Report August 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 66 66 35 65% Total Revenue 96 65 101 101 66 66 35 65% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)96 65 101 101 66 66 Beginning Cash Balance 10,965 11,080 11,145 Cash Adjustments 19 - - Ending Cash Balance 11,080 11,145 11,246 11,192 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 169 City of South Bend, Indiana Monthly Financial Report August 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 - 8,000 14,360 14,360 (6,360) 180% Total Revenue 28,865 15,033 - 8,000 14,360 14,360 (6,360) 180% 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 23,208 2,194,506 2,217,713 140,423 94% Total Expenditures 1,514,357 188,982 - 2,389,024 23,208 2,194,506 2,217,713 171,311 93% Net Surplus / (Deficit)(1,485,491) (173,950) - (2,381,024) (8,847) (2,203,353) 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 52,212 2,420,184 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 170 City of South Bend, Indiana Monthly Financial Report August 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 1,502 2,431 2,431 (929) 162% Total Revenue 3,540 2,411 2 1,502 2,431 2,431 (929) 162% Expenditures by Type Services & Charges Professional Services - - - - - - - - - Other Services & Charges - - - - - - - - - Total Services & Charges - - - - - - - - - Capital - - - - - - - - - Total Expenditures - - - - - - - - - Net Surplus / (Deficit)3,540 2,411 2 1,502 2,431 2,431 Beginning Cash Balance 403,750 407,982 410,393 Cash Adjustments 692 - - Ending Cash Balance 407,982 410,393 411,895 412,108 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 171