HomeMy WebLinkAbout09-26-2024 Budget Meeting Questions (Answered by Admin)OFFICE OF THE CITY CLERK
BIANCA L. TIRADO, CITY CLERK
INTEGRITY | SERVICE | ACCESSIBILITY
Elivet Quijada-Navarro Matthew Neal Samuel Turck
CHIEF OF STAFF / CHIEF DEPUTY CITY CLERK DEPUTY CITY CLERK / DIRECTOR OF POLICY DIRECTOR OF SPECIAL PROJECTS
EXCELLENCE | ACCOUNTABILITY | INNOVATION | INCLUSION | EMPOWERMENT
455 County-City Building | 227 W. Jefferson Blvd. | South Bend, Indiana 46601 | p. 574.235.9221 | f. 574.235.9173 | www.southbendin.gov
09-26-2024 | 2025 TRANSPO & Budget Wrap-Up Budget Meeting Questions
Questions From Council (Not Answered on the Floor)
Budget Wrap-Up
Question #1 (Citizen Member Angela Smith): How large is the City’s realized surplus, and how
much of that realized surplus includes encumbered funds?
For FY2023, the realized surplus for the General Plus Funds was $8,000,150. The projected
deficit for the General Plus Funds if we included the encumbered funds (Budget Carryforward)
would be $14,457,984. The projected deficit in FY2023 is mainly due to the carryover of ARP
funds that were appropriated in 2021 and 2022. See attached document for additional
information.
Questions From the Public (Not Answered on the Floor)
None
FY 2023 Budget
As of 12.31.2023
General Plus Funds
2023 Actual
Revenues
2023 Actual
Expenses
Actual
Surplus/(Defict)
Budget Carryforward
(Encumbered Funds)
Projected Surplus/(Deficit)
including Budget Carryforward
101 - General 111,151,932 109,533,173 1,618,759 (14,959,475.00) (13,340,716)
249 - LIT Pub. Safety 12,868,916 9,498,558 3,370,358 - 3,370,358
408 - LIT EDIT 18,464,856 15,453,823 3,011,033 (7,498,659.00) (4,487,626)
Total 142,485,704 134,485,554 8,000,150 (22,458,134)(14,457,984)
Enterprise Funds
610 - Solid Waste 8,198,884 7,503,283 695,601 (120,906)574,695
620 - Water Works 22,141,145 18,878,848 3,262,297 (187,865)3,074,432
641 - Sewage Works 43,273,500 36,921,546 6,351,954 (329,215)6,022,739
655 - Project ReLeaf 470,503 337,287 133,216 (4,905)128,311
667 - Storm Sewer 1,387,519 676,423 711,096 (10,305) 700,791
75,471,551 64,317,387 11,154,164 (653,196)10,500,968
*In the General Fund, majority of the budget carryforward are the remaining ARP funds that were appropriated in 2021 and 2022, $14,218,975.