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Home My WebLink About2024-04 - 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 - 173 Redevelopment Commission Controlled Funds Distribution Mayor Chief of Staff Deputy Chief of Staff Common Council Department Heads Directors of Department Finance April 30, 2024 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 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 172 456 2023 South Bend Redevelopment Authority 173 457 2024 South Bend Redevelopment Authority April 2024 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 - 173) 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. City of South Bend Report of Changes in Cash Balance January 1, 2024 through April 30, 2024 Beginning 2024 2024 Plus/(Minus) Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2024 Revenue Expenditures Adjustments (Deficit) 4/30/2024 Requirement Reserve Req. City Controlled Funds 101 General Fund 93,698,543 15,047,300 38,405,127 302,230 (23,055,597) 70,642,945 70,710,000 (67,055) Special Revenue Funds 102 Rainy Day 11,375,389 127,807 - - 127,807 11,503,197 9,551,216 1,951,980 201 Parks & Recreation 8,884,670 2,945,267 6,341,148 2,862 (3,393,019) 5,491,651 8,160,577 (2,668,927) 202 Motor Vehicle Highway 6,272,150 3,636,168 4,319,530 92,729 (590,633) 5,681,517 4,846,460 835,056 209 Studebaker-Oliver Revitalizing Grants 652,479 7,328 525 - 6,803 659,282 - - 210 Economic Development State Grants (134,601) 67,698 - (24,999) 42,699 (91,902) - - 211 Dept of Community Investment Operating 396,172 1,125,272 1,520,010 (682) (395,420) 752 - - 212 Dept of Community Investment Grants 1,212,370 395,626 1,165,617 388 (769,602) 442,768 - - 216 Police State Seizures 257,001 15,810 - - 15,810 272,810 5,500 267,310 217 Gift, Donation, Bequest 4,416,666 1,829,178 3,257 (6,260) 1,819,661 6,236,327 - - 218 Police Curfew Violations - - - - - - - - 219 Unsafe Building 900,258 32,321 8,265 - 24,056 924,314 - - 220 Law Enforcement Continuing Education 999,052 178,939 521,133 89,990 (252,203) 746,849 251,509 495,340 221 Rental Units Regulation 210,001 44,540 28,037 1,083 17,586 227,587 - - 227 Loss Recovery 2,174,242 604,221 - (150,000) 454,221 2,628,463 - - 230 Code Enforcement (18,294) 1,393,096 1,372,770 (1,181) 19,146 852 - - 249 Local Income Tax - Public Safety 6,163,397 4,068,336 3,584,419 - 483,917 6,647,314 - - 251 Local Road & Street 1,388,435 942,243 602,053 (82,576) 257,614 1,646,049 - - 257 LOIT Special Distribution 67,475 723 - (4,314) (3,591) 63,884 - - 258 Human Rights Federal Grants 155,014 70,019 67,619 - 2,399 157,413 - - 263 American Rescue Plan 10,144,293 94,698 4,707,817 (28,892) (4,642,011) 5,502,282 - - 264 COVID-19 Response (79,650) 152,219 72,568 - 79,650 - - - 265 Local Road & Bridge Grant 428,020 4,809 - - 4,809 432,829 - - 266 MVH Restricted 848,707 1,004,965 257,335 3,543 751,173 1,599,880 - - 273 Morris PAC / Palais Royale Marketing - - - - - - - - 274 Morris PAC Self-Promotion - - - - - - - - 280 Police Block Grants - - - - - - - - 289 Haz-Mat 32,194 2,130 - 2,375 4,505 36,700 2,500 34,200 291 Indiana River Rescue 463,394 85,219 25,549 10,708 70,378 533,772 23,718 510,054 292 Police Grants - - - - - - - - 294 Regional Police Academy - - - - - - - - 295 COPS MORE Grant 20,876 - - - - 20,876 - - 299 Police Federal Drug Enforcement 201,296 28,780 - - 28,780 230,076 12,500 217,576 404 Local Income Tax - Certified Shares 2,042,781 19,824 584,619 (14,000) (578,796) 1,463,985 1,756,870 (292,885) 408 Local Income Tax - Economic Development 26,620,483 5,939,854 4,481,271 83,187 1,541,771 28,162,254 16,659,096 11,503,158 410 Urban Development Action Grant 69,114 777 - - 777 69,891 - - 655 Project ReLeaf 461,511 156,837 123,001 8,689 42,524 504,035 110,189 393,846 705 Police K-9 Unit - - - - - - - - 709 Payroll Clearning (29,612) - - 730,868 730,868 701,257 - - 730 City Cemetery 31,507 354 - - 354 31,861 - - 754 Industrial Revolving Fund 3,050,364 238,116 37,434 462,124 662,807 3,713,171 - - Total Special Revenue Funds 90,172,800 25,218,743 29,823,977 1,175,643 (3,429,591) 86,743,209 41,780,136 13,347,920 Debt Service Funds 312 2017 Parks Bond Debt Service 153,346 926 582,258 - (581,332) (427,986) - - 350 2018 Fire Station #9 Bond Debt Service - - 171,491 - (171,491) (171,491) - - 672 Century Center Energy Conservation Debt Svc 32,956 238 196,491 - (196,253) (163,298) - - 752 South Bend Redevelopment Authority 447,521 2,208,155 2,726,578 - (518,423) (70,902) (70,902) - 755 South Bend Building Corporation 231,285 720,483 851,884 - (131,401) 99,884 99,884 - 756 2015 Smart Streets Bond Debt Service 1,751,219 856,031 853,184 - 2,847 1,754,066 1,754,066 - 757 2015 Parks Bond Debt Service 558,162 123,098 185,091 - (61,993) 496,170 496,170 - 760 2017 Eddy Street Commons Bond Debt Service 3,668,987 704 - (641) 63 3,669,050 2,500,000 1,169,050 Total Debt Service Funds 6,843,475 3,909,634 5,566,976 (641) (1,657,983) 5,185,493 4,779,217 1,169,050 Capital Funds 287 Fire Department Capital 1,568,458 694,084 729,917 - (35,833) 1,532,626 - - 401 Coveleski Stadium Capital 2,799 24 16,283 - (16,259) (13,460) - - 406 Cumulative Capital Development 199,512 1,961 215,207 - (213,246) (13,734) - - 407 Cumulative Capital Improvement 279,499 2,781 25,000 - (22,219) 257,281 - - 412 Major Moves Construction 1,602,252 105,981 37,271 - 68,710 1,670,962 - - 413 Professional Sports Convention Development Area 252,675 2,232,779 226,694 113,347 2,119,432 2,372,107 - - 416 Morris Performing Arts Center Capital 160,804 103 121,724 - (121,622) 39,182 - - 450 Palais Royale Historic Preservation 128,105 7,127 - - 7,127 135,232 - - 451 2018 Fire Station #9 Bond Capital 329,571 3,703 - - 3,703 333,274 - - 453 Zoo Bond Capital 0 - 0 - (0) - - - 455 2021 Infrastructure Bond Capital 922,516 8,715 204,135 - (195,420) 727,097 - - 471 2017 Parks Bond Capital 1,370,920 13,241 267,485 - (254,244) 1,116,676 - - 750 Equipment/Vehicle Leasing - - - - - - - - 759 2017 Eddy Street Commons Bond Capital 25,766 0 - - 0 25,766 - - Total Capital Funds 6,842,877 3,070,500 1,843,716 113,347 1,340,131 8,183,008 - - City of South Bend Report of Changes in Cash Balance January 1, 2024 through April 30, 2024 Beginning 2024 2024 Plus/(Minus) Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2024 Revenue Expenditures Adjustments (Deficit) 4/30/2024 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,087,954 603,547 614,710 35 (11,129) 2,076,825 475,534 1,601,291 601 Parking Garages 553,932 135,192 158,638 (48,181) (71,627) 482,305 331,865 150,439 602 Morris Performing Arts Center Operations 646,796 375,940 542,768 (3,440) (170,268) 476,528 177,444 299,084 610 Solid Waste Operations 766,957 2,497,440 3,262,287 120,169 (644,679) 122,278 804,743 (682,465) 611 Solid Waste Capital 2,734,871 938,308 1,775,892 428,242 (409,342) 2,325,528 - - 620 Water Works Operations 7,853,450 6,421,083 5,888,867 195,283 727,499 8,580,948 1,220,455 7,360,494 622 Water Works Capital 6,652,330 86,571 837,277 (26,008) (776,715) 5,875,615 - - 624 Water Works Customer Deposit 1,349,630 15,161 - 54 15,215 1,364,845 1,364,845 - 625 Water Works Sinking (Debt Service)3,665,884 31,305 - (1,222,994) (1,191,689) 2,474,195 - - 626 Water Works Bond Reserve 1,478,046 16,828 - - 16,828 1,494,875 1,494,875 - 629 Water Works Operations & Maintenance Reserve 3,040,120 34,157 - - 34,157 3,074,277 3,542,878 (468,602) 640 Sewer Repair Insurance 1,804,260 260,479 412,597 12,090 (140,027) 1,664,233 265,450 1,398,783 641 Sewage Works Operations 19,586,870 14,377,767 10,872,297 62,869 3,568,339 23,155,209 2,461,587 20,693,622 642 Sewage Works Capital 12,732,727 195,302 528,047 129,342 (203,402) 12,529,324 - - 643 Sewage Works Operations & Maintenance Reserve 5,763,455 64,755 - - 64,755 5,828,210 5,740,277 87,933 649 Sewage Sinking (Debt Service)6,033,296 (89,144) (145,797) - 56,653 6,089,949 - - 653 Sewage Debt Service Reserve 3,893,415 89,720 (188,862) - 278,582 4,171,997 4,171,997 - 654 Sewage Works Customer Deposit 1,360,670 15,476 - 39,484 54,960 1,415,630 1,415,630 - 667 Storm Sewer 2,163,420 424,911 722,113 427,987 130,785 2,294,205 - - 670 Century Center Operations 838,464 785,946 1,530,786 241,781 (503,058) 335,405 1,172,114 (836,709) 671 Century Center Capital 1,102,115 11,874 157,317 - (145,442) 956,672 800,000 156,672 Total Enterprise Funds 86,108,661 27,292,618 26,968,938 356,713 680,393 86,789,054 25,439,694 86,789,054 Internal Service Funds 222 Central Services (680,622) 3,348,868 3,813,116 144,787 (319,461) (1,000,083) - - 226 Liability Insurance 6,488,526 1,285,483 963,070 (4,637) 317,775 6,806,302 2,095,452 4,710,850 278 Police Take Home Vehicle 833,591 33,209 - - 33,209 866,800 750,000 116,800 279 IT / Innovation / 311 Call Center 5,506,547 4,526,761 4,606,937 (67,843) (148,018) 5,358,529 - - 711 Self-Funded Employee Benefits 9,628,440 6,332,336 5,728,103 (5,087) 599,145 10,227,585 5,205,725 5,021,860 713 Unemployment Compensation 45,824 3,337 30,336 - (26,999) 18,825 20,000 (1,175) 714 Parental Leave 626,913 108,305 21,195 - 87,110 714,024 20,308 693,716 Total Internal Service Funds 22,449,219 15,638,299 15,162,757 67,219 542,761 22,991,980 8,091,484 10,542,051 Fiduciary Funds 701 Fire Pension 392,781 1,355 1,344,519 - (1,343,164) (950,383) 444,890 (1,395,273) 702 Police Pension 506,772 1,586 2,033,902 - (2,032,316) (1,525,544) 589,466 (2,115,010) 718 State Tax Withholding Fund 322,127 - - (77,753) (77,753) 244,374 244,374 - 725 Morris / Palais Box Office (711,758) - - 294,116 294,116 (417,642) (417,642) - 726 Police Distributions Payable 983,966 - - (98,586) (98,586) 885,380 885,380 - Total Fiduciary Funds 1,493,888 2,940 3,378,421 117,777 (3,257,703) (1,763,815) 1,746,467 (3,510,283) Total City Controlled Funds 307,609,463 90,180,034 121,149,912 2,132,289 (28,837,589) 278,771,874 152,547,000 108,270,737 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 34,088,454 812,558 11,343,033 (212,791) (10,743,266) 23,345,188 - - 422 TIF - West Washington 1,883,190 20,606 68,357 - (47,751) 1,835,440 - - 429 TIF - River East Development Area (NE Dev)14,630,846 164,216 405,815 17,516 (224,083) 14,406,763 - - 430 TIF - Southside Development Area #1 12,834,453 126,784 3,400,051 (17,640) (3,290,907) 9,543,546 - - 435 TIF - Douglas Road 604,408 6,791 - - 6,791 611,199 - - 436 TIF - River East Residential Area (NE Res)9,025,377 93,521 2,857,613 (27,073) (2,791,165) 6,234,212 - - Total Tax Increment Financing Funds 73,066,730 1,224,475 18,074,869 (239,987) (17,090,381) 55,976,349 - - Redevelopment Funds 433 Redevelopment General 3,248,346 226,308 482,066 28,394 (227,364) 3,020,982 742,961 2,278,020 439 Certified Technology Park 11,621 131 - - 131 11,751 - - 452 2018 TIF Park Bond Capital 2,368,202 19,175 919,772 - (900,596) 1,467,606 - - 454 Airport Urban Enterprise Zone 427,896 4,808 - - 4,808 432,704 - - 456 2023 South Bend Redevelopment Authority 28,540,322 442,791 1,208,528 5,553,152 4,787,415 33,327,737 - - Total Redevelopment Funds 34,596,387 693,213 2,610,366 5,581,546 3,664,393 38,260,780 742,961 2,278,020 Debt Service Funds 315 Airport 2003 Debt Reserve 1,080,323 12,138 - - 12,138 1,092,461 1,092,461 - 328 SBCDA 2003 Debt Reserve 1,806,136 20,293 - - 20,293 1,826,428 1,826,428 - 351 2018 TIF Park Bond Debt Service 1,079,924 12,133 - - 12,133 1,092,058 1,092,058 - 352 2019 South Shore Double Tracking Debt Service 20,074 519,001 516,500 - 2,501 22,575 22,575 - 353 2020 TIF Library Bond Debt Service Reserve 326,952 5 - - 5 326,958 326,958 - Total Debt Service Funds 4,313,409 563,571 516,500 - 47,070 4,360,480 4,360,480 - Total Redevelopment Commission Funds 111,976,526 2,481,259 21,201,735 5,341,558 (13,378,918) 98,597,609 5,103,442 2,278,020 Grand Total 419,585,989 92,661,293 142,351,647 7,473,847 (42,216,507) 377,369,482 157,650,442 110,548,757 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL Beginning 2024 2024 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2024 Revenue Expenditures Adjustments (Deficit) 12/31/2024 City Controlled Funds 101 General Fund 93,698,543 99,846,600 141,420,000 - (41,573,401) 52,125,142 Special Revenue Funds 102 Rainy Day 11,375,389 224,926 - - 224,926 11,600,315 201 Parks & Recreation 8,884,670 23,521,103 32,642,310 - (9,121,207) (236,537) 202 Motor Vehicle Highway 6,272,150 16,230,459 19,385,841 - (3,155,382) 3,116,768 209 Studebaker-Oliver Revitalizing Grants 652,479 11,321 98,331 - (87,010) 565,469 210 Economic Development State Grants (134,601) - 222,865 - (222,865) (357,466) 211 Dept of Community Investment Operating 396,172 5,141,762 5,063,734 - 78,028 474,200 212 Dept of Community Investment Grants 1,212,370 2,832,655 10,286,845 - (7,454,190) (6,241,819) 216 Police State Seizures 257,001 18,619 22,000 - (3,381) 253,620 217 Gift, Donation, Bequest 4,416,666 7,048,524 7,034,559 - 13,966 4,430,632 218 Police Curfew Violations - - - - - - 219 Unsafe Building 900,258 80,884 24,880 - 56,004 956,262 220 Law Enforcement Continuing Education 999,052 540,295 1,006,038 - (465,743) 533,309 221 Rental Units Regulation 210,001 101,861 206,211 - (104,350) 105,651 227 Loss Recovery 2,174,242 21,226 1,500 - 19,726 2,193,968 230 Code Enforcement (18,294) 6,699,800 7,141,768 - (441,968) (460,262) 249 Local Income Tax - Public Safety 6,163,397 12,060,640 10,354,988 - 1,705,652 7,869,049 251 Local Road & Street 1,388,435 6,107,790 5,088,939 - 1,018,850 2,407,286 257 LOIT Special Distribution 67,475 42 54,136 - (54,095) 13,381 258 Human Rights Federal Grants 155,014 141,000 268,204 - (127,204) 27,810 263 American Rescue Plan 10,144,293 - 9,346,451 - (9,346,451) 797,842 264 COVID-19 Response (79,650) 75,000 122,305 - (47,305) (126,955) 265 Local Road & Bridge Grant 428,020 2,007,369 2,222,695 - (215,327) 212,694 266 MVH Restricted 848,707 3,388,148 3,353,471 - 34,677 883,385 273 Morris PAC / Palais Royale Marketing - - - - - - 274 Morris PAC Self-Promotion - - - - - - 280 Police Block Grants - - - - - - 289 Haz-Mat 32,194 5,585 10,000 - (4,415) 27,780 291 Indiana River Rescue 463,394 97,878 94,871 - 3,008 466,402 292 Police Grants - - - - - - 294 Regional Police Academy - - - - - - 295 COPS MORE Grant 20,876 - - - - 20,876 299 Police Federal Drug Enforcement 201,296 82,288 50,000 - 32,288 233,584 404 Local Income Tax - Certified Shares 2,042,781 - 3,513,740 - (3,513,740) (1,470,959) 408 Local Income Tax - Economic Development 26,620,483 17,108,780 33,318,192 - (16,209,411) 10,411,072 410 Urban Development Action Grant 69,114 - - - - 69,114 655 Project ReLeaf 461,511 463,766 440,757 - 23,009 484,520 705 Police K-9 Unit - - - - - - 725 Morris / Palais Box Office (711,758) - - - - (711,758) 730 City Cemetery 31,507 623 - - 623 32,130 731 Bowman Cemetery 495,643 9,800 - - 9,800 505,444 754 Industrial Revolving Fund 3,050,364 250,514 818,232 - (567,718) 2,482,646 Debt Service Funds 312 2017 Parks Bond Debt Service 153,346 1,178,495 1,177,990 - 505 153,851 350 2018 Fire Station #9 Bond Debt Service - 341,331 341,331 - - - 672 Century Center Energy Conservation Debt Svc 32,956 397,127 393,388 - 3,739 36,695 752 South Bend Redevelopment Authority 447,521 4,689,501 4,689,081 - 420 447,941 755 South Bend Building Corporation 231,285 1,443,358 1,425,193 - 18,165 249,450 756 2015 Smart Streets Bond Debt Service 1,751,219 1,739,780 1,706,785 - 32,996 1,784,215 757 2015 Parks Bond Debt Service 558,162 380,132 368,381 - 11,751 569,913 760 2017 Eddy Street Commons Bond Debt Service 3,668,987 2,014,786 1,941,375 - 73,411 3,742,397 Total Debt Service Funds 6,843,475 12,184,511 12,043,524 - 140,987 6,984,462 City of South Bend Based on 2024 Amended Budget as of April 30, 2024 Projected Cash Balance Beginning 2024 2024 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2024 Revenue Expenditures Adjustments (Deficit) 12/31/2024 City of South Bend Based on 2024 Amended Budget as of April 30, 2024 Projected Cash Balance Capital Funds 287 Fire Department Capital 1,568,458 5,551,825 6,923,119 - (1,371,294) 197,164 401 Coveleski Stadium Capital 2,799 25,000 40,000 - (15,000) (12,201) 406 Cumulative Capital Development 199,512 659,010 548,541 - 110,470 309,982 407 Cumulative Capital Improvement 279,499 213,788 245,000 - (31,212) 248,287 412 Major Moves Construction 1,602,252 290,014 1,707,634 - (1,417,620) 184,632 413 Professional Sports Convention Development Area 252,675 5,000,000 732,837 - 4,267,163 4,519,838 416 Morris Performing Arts Center Capital 160,804 - 1,986,012 - (1,986,012) (1,825,208) 450 Palais Royale Historic Preservation 128,105 16,229 20,000 - (3,771) 124,334 451 2018 Fire Station #9 Bond Capital 329,571 - - - - 329,571 453 Zoo Bond Capital 0 - - - - - 455 2021 Infrastructure Bond Capital 922,516 - 723,498 - (723,498) 199,018 471 2017 Parks Bond Capital 1,370,920 - 834,698 - (834,698) 536,221 750 Equipment/Vehicle Leasing - - - - - - 759 2017 Eddy Street Commons Bond Capital 25,766 - - - - 25,766 Total Capital Funds 6,842,877 11,755,866 13,761,338 - (2,005,472) 4,837,404 Enterprise Funds 600 Consolidated Building 2,087,954 1,625,801 1,902,137 - (276,335) 1,811,619 601 Parking Garages 553,932 1,177,861 1,327,462 - (149,600) 404,332 602 Morris Performing Arts Center Operations 646,796 1,646,369 1,774,441 - (128,072) 518,724 610 Solid Waste Operations 766,957 7,933,597 8,047,429 - (113,832) 653,124 611 Solid Waste Capital 2,734,871 3,309,379 6,189,714 - (2,880,335) (145,464) 620 Water Works Operations 7,853,450 23,447,635 24,409,097 - (961,462) 6,891,988 622 Water Works Capital 6,652,330 619,699 10,028,059 - (9,408,360) (2,756,029) 624 Water Works Customer Deposit 1,349,630 - - - - 1,349,630 625 Water Works Sinking (Debt Service)3,665,884 2,756,078 2,756,078 - - 3,665,884 626 Water Works Bond Reserve 1,478,046 - - - - 1,478,046 629 Water Works Operations & Maintenance Reserve 3,040,120 - - - - 3,040,120 640 Sewer Repair Insurance 1,804,260 698,894 1,061,798 - (362,904) 1,441,356 641 Sewage Works Operations 19,586,870 42,337,994 49,231,742 - (6,893,748) 12,693,122 642 Sewage Works Capital 12,732,727 5,362,244 20,043,380 - (14,681,135) (1,948,409) 643 Sewage Works Operations & Maintenance Reserve 5,763,455 - - - - 5,763,455 649 Sewage Sinking (Debt Service)6,033,296 9,796,969 9,796,969 - - 6,033,296 653 Sewage Debt Service Reserve 3,893,415 - - - - 3,893,415 654 Sewage Works Customer Deposit 1,360,670 - - - - 1,360,670 667 Storm Sewer 2,163,420 1,147,200 3,178,875 - (2,031,675) 131,745 670 Century Center Operations 838,464 4,696,165 4,688,456 - 7,709 846,173 671 Century Center Capital 1,102,115 22,457 296,636 - (274,179) 827,936 Total Enterprise Funds 86,108,661 106,578,344 144,732,273 - (38,153,928) 47,954,732 Internal Service Funds 222 Central Services (680,622) 11,823,402 12,048,561 - (225,159) (905,781) 226 Liability Insurance 6,488,526 3,743,354 4,190,903 - (447,550) 6,040,977 278 Police Take Home Vehicle 833,591 54,276 50,000 - 4,276 837,868 279 IT / Innovation / 311 Call Center 5,506,547 13,253,781 15,053,493 - (1,799,711) 3,706,836 711 Self-Funded Employee Benefits 9,628,440 21,554,369 20,822,900 - 731,469 10,359,908 713 Unemployment Compensation 45,824 93,109 80,000 - 13,109 58,933 714 Parental Leave 626,913 306,596 253,846 - 52,750 679,664 Total Internal Service Funds 22,449,219 50,828,888 52,499,703 - (1,670,815) 20,778,405 Fiduciary Funds 701 Fire Pension 392,781 4,610,839 4,448,896 - 161,943 554,724 702 Police Pension 506,772 5,810,432 5,894,664 - (84,232) 422,540 718 State Tax Withholding Fund 322,127 - - 1 1 322,128 726 Police Distributions Payable 983,966 - - 2 2 983,968 Total Fiduciary Funds 2,205,646 10,421,271 10,343,560 3 77,714 2,283,360 Total City Controlled Funds 307,639,075 395,888,138 526,994,259 3 (131,106,118) 176,532,958 Beginning 2024 2024 Projected Ending Cash Balance Estimated Budgeted Plus/(Minus) Surplus Cash Balance 1/1/2024 Revenue Expenditures Adjustments (Deficit) 12/31/2024 City of South Bend Based on 2024 Amended Budget as of April 30, 2024 Projected Cash Balance Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 34,088,454 18,953,641 64,281,530 - (45,327,889) (11,239,435) 422 TIF - West Washington 1,883,190 320,121 1,488,357 - (1,168,235) 714,955 429 TIF - River East Development Area (NE Dev)14,630,846 4,038,206 10,792,446 - (6,754,240) 7,876,606 430 TIF - Southside Development Area #1 12,834,453 1,953,050 11,536,262 - (9,583,212) 3,251,242 435 TIF - Douglas Road 604,408 180,144 74,175 - 105,969 710,377 436 TIF - River East Residential Area (NE Res)9,025,377 6,215,921 7,156,989 - (941,068) 8,084,309 Total Tax Increment Financing Funds 73,066,730 31,661,084 95,329,758 - (63,668,675) 9,398,054 Redevelopment Funds 433 Redevelopment General 3,248,346 1,990,186 2,971,846 - (981,660) 2,266,686 439 Certified Technology Park 11,621 230 - - 230 11,850 452 2018 TIF Park Bond Capital 2,368,202 - 2,315,432 - (2,315,432) 52,770 454 Airport Urban Enterprise Zone 427,896 8,296 - - 8,296 436,192 456 2023 South Bend Redevelopment Authority 28,540,322 - 20,831,723 1 (20,831,722) 7,708,601 Total Redevelopment Funds 6,056,065 1,998,712 26,119,000 - (3,288,566) 2,767,498 Debt Service Funds 315 Airport 2003 Debt Reserve 1,080,323 - 1,040,462 - (1,040,462) 39,861 328 SBCDA 2003 Debt Reserve 1,806,136 - 1,739,495 - (1,739,495) 66,641 351 2018 TIF Park Bond Debt Service 1,079,924 21,353 - - 21,353 1,101,278 352 2019 South Shore Double Tracking Debt Service 20,074 1,034,027 1,033,625 - 402 20,476 353 2020 TIF Library Bond Debt Service Reserve 326,952 6,539 - - 6,539 333,492 Total Debt Service Funds 4,313,409 1,061,919 3,813,582 - (2,751,663) 1,561,748 Total Redevelopment Commission Funds 83,436,204 34,721,715 125,262,341 - (90,540,626) (7,104,422) Grand Total 391,075,278 430,609,853 652,256,599 3 (221,646,744) 169,428,536 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy Under Reserve Requirement 101 General Fund 70,642,945 11,581,131 59,061,814 70,710,000 (11,648,186) 42% Property tax distribution received in June & Dec 50% of Annual expenditures 201 Parks & Recreation 5,491,651 8,440,983 (2,949,332) 8,160,577 (11,109,909) -9% Subsidy transfer done in February 25% of Annual expenditures 202 Motor Vehicle Highway 5,681,517 4,003,839 1,677,678 4,846,460 (3,168,782) 9%25% of Annual expenditures 404 Local Income Tax - Certified Shares 1,463,985 194,621 1,269,364 1,756,870 (487,506) 36% No longer used. Transferred to Fund 101.50% of Annual expenditures 456 2023 South Bend Redevelopment Authority 33,327,737 4,680,489 - - - 0%No reserve requirement - Bond capital fund - spend down to zero 457 2024 South Bend Redevelopment Authority - 72,470 - - - 0%No cash reserve target 610 Solid Waste Operations 122,278 65,642 56,636 804,743 (748,107) 1% Subsidy transfer done in February 10% of Annual expenditures 629 Water Works Operations & Maintenance Reserve 3,074,277 - 3,074,277 3,542,878 (468,602) 14%Subsidy transfer done in February 16.67% of annual operating expenses in Fund 620, net of transfers 670 Century Center Operations 335,405 25,201 310,204 1,172,114 (861,910) 7% Operations continue to rebound from shutdown 25% of Annual expenditures 701 Fire Pension (950,383) 3,500 (953,883) 444,890 (1,398,773) -21% Slightly under reserve requirement 10% of Annual expenditures 702 Police Pension (1,525,544) 3,500 (1,529,044) 589,466 (2,118,510) -26% Slightly under reserve requirement 10% of Annual expenditures 713 Unemployment Compensation 18,825 - 18,825 20,000 (1,175) 24%25% of Annual expenditures Under Reserve Requirement Total 117,682,692$ 29,071,377$ 60,036,538$ 92,047,999$ (32,011,460)$ Meets or Exceeds Requirement 102 Rainy Day 11,503,197 - 11,503,197 9,551,216 1,951,980 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out 216 Police State Seizures 272,810 - 272,810 5,500 267,310 1240%25% of Annual expenditures 220 Law Enforcement Continuing Education 746,849 207,739 539,110 251,509 287,601 54%25% of Annual expenditures 222 Central Services (1,000,083) 114,788 (1,114,871) - (1,114,871) 100% Charges for services came in under budget No reserve requirement 224 Central Services Capital - - - - - 100% Charges for services came in under budget No reserve requirement - Capital fund - spend down to zero 226 Liability Insurance 6,806,302 328,999 6,477,303 2,095,452 4,381,851 155%50% of Annual expenditures 278 Police Take Home Vehicle 866,800 - 866,800 750,000 116,800 1734%One large claim in 2019, continuing to build cash reserves back up Set dollar amount of $750,000 289 Haz-Mat 36,700 - 36,700 2,500 34,200 367%25% of Annual expenditures 291 Indiana River Rescue 533,772 11,487 522,285 23,718 498,567 551%25% of Annual expenditures 299 Police Federal Drug Enforcement 230,076 - 230,076 12,500 217,576 460%25% of Annual expenditures 315 Airport 2003 Debt Reserve 1,092,461 - 1,092,461 1,092,461 - 100%100% debt service reserve per bond covenants 328 SBCDA 2003 Debt Reserve 1,826,428 - 1,826,428 1,826,428 - 100%100% debt service reserve per bond covenants 351 2018 TIF Park Bond Debt Service 1,092,058 - 1,092,058 1,092,058 - 100% 100% debt service reserve per bond covenants 352 2019 South Shore Double Tracking Debt Service 22,575 - 22,575 22,575 - 100%No reserve requirement 353 2020 TIF Library Bond Debt Service Reserve 326,958 - 326,958 326,958 - 100%100% debt service reserve per bond covenants 408 Local Income Tax - Economic Development 28,162,254 4,980,042 23,182,212 16,659,096 6,523,116 70%50% of Annual expenditures 433 Redevelopment General 3,020,982 689,641 2,331,341 742,961 1,588,379 78%25% of Annual expenditures 600 Consolidated Building 2,076,825 627 2,076,199 475,534 1,600,665 109%25% of Annual expenditures 601 Parking Garages 482,305 93,355 388,949 331,865 57,084 29%25% of Annual expenditures April 30, 2024 City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy April 30, 2024 602 Morris Performing Arts Center Operations 476,528 49,147 427,380 177,444 249,936 24%10% of Annual expenditures 620 Water Works Operations 8,580,948 1,418,006 7,162,942 1,220,455 5,942,487 29%5% of Annual expenditures 624 Water Works Customer Deposit 1,364,845 - 1,364,845 1,364,845 - 100%100% cash reserves for customer deposits 626 Water Works Bond Reserve 1,494,875 - 1,494,875 1,494,875 - 100% 100% cash reserves per bond covenants 640 Sewer Repair Insurance 1,664,233 189,762 1,474,471 265,450 1,209,021 139%25% of Annual expenditures 641 Sewage Works Operations 23,155,209 2,191,059 20,964,150 2,461,587 18,502,563 43%5% of Annual expenditures 643 Sewage Works Operations & Maintenance Reserve 5,828,210 - 5,828,210 5,740,277 87,933 17% 16.67% of annual operating expenses in Fund 641, net of transfers 653 Sewage Debt Service Reserve 4,171,997 - 4,171,997 4,171,997 - 100% 100% cash reserves per bond covenants 654 Sewage Works Customer Deposit 1,415,630 - 1,415,630 1,415,630 - 100%100% cash reserves for customer deposits 655 Project ReLeaf 504,035 - 504,035 110,189 393,846 114%25% of Annual expenditures 671 Century Center Capital 956,672 94,303 862,370 800,000 62,370 291%$800,000 Minimum per Board of Managers 711 Self-Funded Employee Benefits 10,227,585 3,051,039 7,176,546 5,205,725 1,970,821 34%25% of Annual expenditures 714 Parental Leave 714,024 - 714,024 20,308 693,716 281%8% of Annual expenditures - one month reserve 718 State Tax Withholding Fund 244,374 - 244,374 244,374 - 100% 100% cash reserves - trust & agency funds 725 Morris / Palais Box Office (417,642) - (417,642) (417,642) - 100% 100% cash reserves - trust & agency funds 726 Police Distributions Payable 885,380 - 885,380 885,380 - 100% 100% cash reserves - trust & agency funds 730 City Cemetery 31,861 - 31,861 - 31,861 100% 25% of Annual expenditures 731 Bowman Cemetery 501,212 - 501,212 400,000 101,212 100% $400,000 minimum 752 South Bend Redevelopment Authority (70,902) - (70,902) (70,902) - 100% 100% cash reserves per bond covenants 755 South Bend Building Corporation 99,884 - 99,884 99,884 - 100% 100% cash reserves per bond covenants 756 2015 Smart Streets Bond Debt Service 1,754,066 - 1,754,066 1,754,066 - 100% 100% cash reserves per bond covenants 757 2015 Parks Bond Debt Service 496,170 - 496,170 496,170 - 100% 100% cash reserves per bond covenants 760 2017 Eddy Street Commons Bond Debt Service 3,669,050 - 3,669,050 2,500,000 1,169,050 189% $2,500,000 minimum Meets or Exceeds Requirement Total 125,847,511$ 13,419,994$ 112,427,517$ 65,602,443$ 46,825,074$ City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy April 30, 2024 No Reserve Requirement 209 Studebaker-Oliver Revitalizing Grants 659,282 48,331 610,951 - 610,951 100%No reserve requirement - Grant fund - spend down to zero 210 Economic Development State Grants (91,902) 40,263 (132,164) - (132,164) 100% Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 211 Dept of Community Investment Operating 752 447,482 (446,729) - (446,729) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement 212 Dept of Community Investment Grants 442,768 2,705,011 (2,262,243) - (2,262,243) 100% Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 217 Gift, Donation, Bequest 6,236,327 6,369,489 (133,162) - (133,162) 100% No reserve requirement 219 Unsafe Building 924,314 16,615 907,699 - 907,699 100% No reserve requirement 221 Rental Units Regulation 227,587 144,866 82,721 - 82,721 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement 227 Loss Recovery 2,628,463 - 2,628,463 - 2,628,463 100% No reserve requirement 230 Code Enforcement 852 406,426 (405,574) - (405,574) 100% Reimbursed through interfund transfers from Fund 408 No reserve requirement 249 Local Income Tax - Public Safety 6,647,314 - 6,647,314 - 6,647,314 100% No reserve requirement 251 Local Road & Street 1,646,049 2,677,342 (1,031,293) - (1,031,293) 100% 25% of annual expenditures 257 LOIT Special Distribution 63,884 1,501 62,384 - 62,384 100%No reserve requirement - one-time distribution - spend down to zero 258 Human Rights Federal Grants 157,413 2,882 154,531 - 154,531 100%No reserve requirement - Grant fund - spend down to zero 263 American Rescue Plan 5,502,282 4,638,634 863,648 - 863,648 100%No reserve requirement - Grant fund - spend down to zero 264 COVID-19 Response - 49,736 (49,736) - (49,736) 100% To be reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 265 Local Road & Bridge Grant 432,829 1,323,637 (890,808) - (890,808) 100%Reimbursed through interfund transfer to cover matching portion No reserve requirement - Grant fund - spend down to zero 266 MVH Restricted 1,599,880 1,892,778 (292,898) - (292,898) 100%No reserve requirement 279 IT / Innovation / 311 Call Center 5,358,529 2,229,553 3,128,976 - 3,128,976 100% Reimbursed through interfund allocation No reserve requirement 287 Fire Department Capital 1,532,626 1,637,917 (105,291) - (105,291) 100%No reserve requirement - Capital fund - spend down to zero 295 COPS MORE Grant 20,876 - 20,876 - 20,876 100%No reserve requirement 312 2017 Parks Bond Debt Service (427,986) - (427,986) - (427,986) 100% Property tax distribution received in June & Dec No reserve requirement 324 TIF - River West Development Area 23,345,188 19,905,133 3,440,056 - 3,440,056 100% Property tax distribution received in June & Dec No reserve requirement 350 2018 Fire Station #9 Bond Debt Service (171,491) - (171,491) - (171,491) 100% Receives transfers from Fund 287 for debt services pmts No reserve requirement 401 Coveleski Stadium Capital (13,460) 5,343 (18,803) - (18,803) 100% Revenue based on stadium attendence is received in the fall No reserve requirement - Capital fund - spend down to zero 406 Cumulative Capital Development (13,734) - (13,734) - (13,734) 100% Property tax distribution received in June & Dec No reserve requirement - Capital fund - spend down to zero 407 Cumulative Capital Improvement 257,281 - 257,281 - 257,281 100%No reserve requirement - Capital fund - spend down to zero 410 Urban Development Action Grant 69,891 - 69,891 - 69,891 100%No reserve requirement - Grant fund - spend down to zero 412 Major Moves Construction 1,670,962 1,132,103 538,859 - 538,859 100%No reserve requirement - Capital fund - spend down to zero 413 Professional Sports Convention Development Area 2,372,107 122,565 2,249,543 - 2,249,543 100%No reserve requirement - Capital fund - spend down to zero 416 Morris Performing Arts Center Capital 39,182 169,743 (130,561) - (130,561) 100% No reserve requirement 422 TIF - West Washington 1,835,440 1,140,000 695,440 - 695,440 100% Property tax distribution received in June & Dec No reserve requirement City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy April 30, 2024 429 TIF - River East Development Area (NE Dev) 14,406,763 3,363,889 11,042,874 - 11,042,874 100% Property tax distribution received in June & Dec No reserve requirement 430 TIF - Southside Development Area #1 9,543,546 5,220,084 4,323,462 - 4,323,462 100% Property tax distribution received in June & Dec No reserve requirement 435 TIF - Douglas Road 611,199 - 611,199 - 611,199 100% Property tax distribution received in June & Dec No reserve requirement 436 TIF - River East Residential Area (NE Res) 6,234,212 1,861,076 4,373,136 - 4,373,136 100% Property tax distribution received in June & Dec No reserve requirement 439 Certified Technology Park 11,751 - 11,751 - 11,751 100% No reserve requirement 450 Palais Royale Historic Preservation 135,232 - 135,232 - 135,232 100% No reserve requirement 451 2018 Fire Station #9 Bond Capital 333,274 - 333,274 - 333,274 100%No reserve requirement - Bond capital fund - spend down to zero 453 Zoo Bond Capital - - - - - 100%No reserve requirement - Bond capital fund - spend down to zero 452 2018 TIF Park Bond Capital 1,467,606 1,395,660 71,946 - 71,946 100%No reserve requirement - Bond capital fund - spend down to zero 454 Airport Urban Enterprise Zone 432,704 - 432,704 - 432,704 100% No reserve requirement 455 2021 Infrastructure Bond Capital 727,097 519,115 207,982 - 207,982 100%No reserve requirement - Bond capital fund - spend down to zero 471 2017 Parks Bond Capital 1,116,676 92,449 1,024,227 - 1,024,227 100%No reserve requirement - Bond capital fund - spend down to zero 611 Solid Waste Capital 2,325,528 3,445,051 (1,119,523) - (1,119,523) 100% Receives transfers from Fund 610 as needed No reserve requirement - Capital fund - spend down to zero 622 Water Works Capital 5,875,615 1,448,237 4,427,378 - 4,427,378 100% Receives transfers from Fund 620 as needed No reserve requirement - Capital fund - spend down to zero 625 Water Works Sinking (Debt Service) 2,474,195 - 2,474,195 - 2,474,195 100% Receives transfers from Fund 620 as needed No reserve requirement 642 Sewage Works Capital 12,529,324 4,039,725 8,489,599 - 8,489,599 100% Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend down to zero 649 Sewage Sinking (Debt Service) 6,089,949 - 6,089,949 - 6,089,949 100% Receives transfers from Fund 641 as needed No reserve requirement 667 Storm Sewer 2,294,205 815,021 1,479,184 - 1,479,184 100%No reserve requirement - Capital fund - spend down to zero 672 Century Center Energy Conservation Debt Svc (163,298) - (163,298) - (163,298) 100% No reserve requirement 709 Payroll Clearing 701,257 - - - - 0% No reserve requirement - clearing fund 754 Industrial Revolving Fund 3,713,171 36,372 3,676,799 - 3,676,799 100%No City reserve requirement; there are program requirements 759 2017 Eddy Street Commons Bond Capital 25,766 - 25,766 - 25,766 100%No reserve requirement - Bond capital fund - spend down to zero No Reserve Requirement Total 133,839,279$ 69,344,025$ 63,793,997$ -$ 63,793,996$ Total Funds 377,369,482$ 111,835,396$ 236,258,052$ 157,650,442$ 78,607,610$ City of South Bend Monthly Fund Financials Revenue Summary April 30, 2024 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 99,846,600 3,264,263 15,047,300 111,171,535 84,799,300 15% Special Revenue Funds 102 Rainy Day 224,926 29,842 127,807 321,428 97,119 57% 201 Parks & Recreation 23,521,103 736,057 2,945,267 22,800,098 20,575,836 13% 202 Motor Vehicle Highway 16,230,459 968,748 3,636,168 11,049,955 12,594,292 22% 209 Studebaker-Oliver Revitalizing Grants 11,321 1,710 7,328 18,615 3,992 65% 210 Economic Development State Grants - 24,999 67,698 85,650 (67,698) 0% 211 Dept of Community Investment Operating 5,141,762 351,584 1,125,272 4,391,340 4,016,490 22% 212 Dept of Community Investment Grants 2,832,655 74,541 395,626 5,574,346 2,437,029 14% 216 Police State Seizures 18,619 5,734 15,810 57,408 2,809 85% 217 Gift, Donation, Bequest 7,048,524 20,951 1,829,178 3,652,115 5,219,346 26% 218 Police Curfew Violations - - - - - 0% 219 Unsafe Building 80,884 8,605 32,321 93,390 48,563 40% 220 Law Enforcement Continuing Education 540,295 55,338 178,939 994,541 361,355 33% 221 Rental Units Regulation 101,861 17,345 44,540 156,129 57,321 44% 227 Loss Recovery 21,226 6,819 604,221 1,120,256 (582,995) 2847% 230 Code Enforcement 6,699,800 16,896 1,393,096 3,919,673 5,306,704 21% 249 Local Income Tax - Public Safety 12,060,640 1,016,294 4,068,336 12,868,916 7,992,304 34% 251 Local Road & Street 6,107,790 238,425 942,243 2,320,509 5,165,546 15% 257 LOIT Special Distribution 42 166 723 3,388 (682) 1742% 258 Human Rights Federal Grants 141,000 408 70,019 35,770 70,981 50% 263 American Rescue Plan - 14,274 94,698 180,695 (94,698) 0% 264 COVID-19 Response 75,000 25,359 152,219 368,404 (77,219) 203% 265 Local Road & Bridge Grant 2,007,369 1,123 4,809 1,050,707 2,002,560 0% 266 MVH Restricted 3,388,148 300,055 1,004,965 3,314,097 2,383,183 30% 273 Morris PAC / Palais Royale Marketing - - - - - 0% 274 Morris PAC Self-Promotion - - - - - 0% 280 Police Block Grants - - - - - 0% 289 Haz-Mat 5,585 95 2,130 3,285 3,455 38% 291 Indiana River Rescue 97,878 11,752 85,219 161,390 12,659 87% 294 Regional Police Academy - - - - - 0% 295 COPS MORE Grant - - - 64 - 0% 299 Police Federal Drug Enforcement 82,288 7,745 28,780 158,312 53,508 35% 404 Local Income Tax - Certified Shares - 3,798 19,824 (11,647) (19,824) 0% 408 Local Income Tax - Economic Development 17,108,780 1,479,382 5,939,854 18,464,856 11,168,926 35% 410 Urban Development Action Grant - 181 777 8,846 (777) 0% 655 Project ReLeaf 463,766 39,191 156,837 473,768 306,930 34% 705 Police K-9 Unit - - - - - 0% 730 City Cemetery 623 83 354 890 269 57% 731 Bowman Cemetery 9,800 1,300 5,569 14,005 4,232 57% 754 Industrial Revolving Fund 250,514 19,080 238,116 1,136,154 12,397 95% Debt Service Fund 312 2017 Parks Bond Debt Service 1,178,495 - 926 1,135,939 1,177,569 0% 350 2018 Fire Station #9 Bond Debt Service 341,331 - - 342,856 341,331 0% 672 Century Center Energy Conservation Debt Svc 397,127 - 238 263,591 396,889 0% 752 South Bend Redevelopment Authority 4,689,501 198,286 2,208,155 (29,257,277) 2,481,346 47% 755 South Bend Building Corporation 1,443,358 171 720,483 2,221,495 722,875 50% 756 2015 Smart Streets Bond Debt Service 1,739,780 7 856,031 1,714,091 883,749 49% 757 2015 Parks Bond Debt Service 380,132 30,154 123,098 343,596 257,034 32% 760 2017 Eddy Street Commons Bond Debt Service 2,014,786 16 704 1,930,062 2,014,082 0% Total Debt Service Funds 12,184,511 228,633 3,909,634 (21,305,646) 8,274,875 32% City of South Bend Monthly Fund Financials Revenue Summary April 30, 2024 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 5,551,825 173,279 694,084 3,491,232 4,857,741 13% 401 Coveleski Stadium Capital 25,000 - 24 31,722 24,976 0% 406 Cumulative Capital Development 659,010 72 1,961 629,199 657,049 0% 407 Cumulative Capital Improvement 213,788 684 2,781 195,468 211,007 1% 412 Major Moves Construction 290,014 4,335 105,981 785,039 184,033 37% 413 Professional Sports Convention Development Area 5,000,000 950,935 2,232,779 2,070,419 2,767,221 45% 416 Morris Performing Arts Center Capital - 26 103 379,179 (103) 0% 450 Palais Royale Historic Preservation 16,229 1,312 7,127 19,044 9,102 44% 451 2018 Fire Station #9 Bond Capital - 865 3,703 9,313 (3,703) 0% 453 Zoo Bond Capital - - - 122 - 0% 455 2021 Infrastructure Bond Capital - 1,886 8,715 48,402 (8,715) 0% 471 2017 Parks Bond Capital - 2,897 13,241 43,384 (13,241) 0% 750 Equipment/Vehicle Leasing - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - 0 0 1 - 0% Total Capital Funds 11,755,866 1,136,291 3,070,500 7,702,523 8,685,367 26% Enterprise Funds 600 Consolidated Building 1,625,801 171,053 603,547 2,175,568 1,022,255 37% 601 Parking Garages 1,177,861 28,325 135,192 935,075 1,042,669 11% 602 Morris Performing Arts Center Operations 1,646,369 131,708 375,940 1,164,076 1,270,429 23% 610 Solid Waste Operations 7,933,597 720,977 2,497,440 8,184,729 5,436,157 31% 611 Solid Waste Capital 3,309,379 1,507 938,308 2,129,987 2,371,071 28% 620 Water Works Operations 23,447,635 1,620,860 6,421,083 22,350,147 17,026,552 27% 622 Water Works Capital 619,699 23,801 86,571 124,091 533,129 14% 624 Water Works Customer Deposit - 3,541 15,161 38,236 (15,161) 0% 625 Water Works Sinking (Debt Service) 2,756,078 6,419 31,305 2,804,408 2,724,773 1% 626 Water Works Bond Reserve - 3,942 16,828 42,407 (16,828) 0% 629 Water Works Operations & Maintenance Reserve - 7,976 34,157 85,903 (34,157) 0% 640 Sewer Repair Insurance 698,894 62,083 260,479 764,134 438,415 37% 641 Sewage Works Operations 42,337,994 3,721,728 14,377,767 43,471,462 27,960,227 34% 642 Sewage Works Capital 5,362,244 60,100 195,302 32,892,704 5,166,942 4% 643 Sewage Works Operations & Maintenance Reserve - 15,120 64,755 162,855 (64,755) 0% 649 Sewage Sinking (Debt Service) 9,796,969 (276,919) (89,144) 9,893,560 9,886,113 -1% 653 Sewage Debt Service Reserve - 17,078 89,720 110,014 (89,720) 0% 654 Sewage Works Customer Deposit - 3,673 15,476 37,039 (15,476) 0% 667 Storm Sewer 1,147,200 107,392 424,911 1,398,803 722,289 37% 670 Century Center Operations 4,696,165 189,532 785,946 4,462,846 3,910,219 17% 671 Century Center Capital 22,457 2,482 11,874 528,273 10,583 53% Total Enterprise Funds 106,578,344 6,622,378 27,292,618 133,756,314 79,285,726 26% Internal Service Funds 222 Central Services 11,823,402 873,885 3,348,868 9,145,812 8,474,534 28% 224 Central Services Capital - - - - - 0% 226 Liability Insurance 3,743,354 320,204 1,285,483 4,248,586 2,457,871 34% 278 Police Take Home Vehicle 54,276 7,789 33,209 82,259 21,068 61% 279 IT / Innovation / 311 Call Center 13,253,781 1,105,018 4,526,761 10,262,996 8,727,020 34% 711 Self-Funded Employee Benefits 21,554,369 1,625,226 6,332,336 18,191,953 15,222,033 29% 713 Unemployment Compensation 93,109 681 3,337 10,467 89,772 4% 714 Parental Leave 306,596 24,030 108,305 298,755 198,291 35% Total Internal Service Funds 50,828,888 3,956,832 15,638,299 42,240,826 35,190,589 31% Fiduciary Funds 701 Fire Pension 4,610,839 - 1,355 4,075,547 4,609,485 0% 702 Police Pension 5,810,432 - 1,586 5,998,908 5,808,846 0% Total Fiduciary Funds 10,421,271 - 2,940 10,074,455 10,418,331 0% Total City Controlled Funds 395,888,138 20,686,276 90,180,034 378,427,360 305,708,101 23% City of South Bend Monthly Fund Financials Revenue Summary April 30, 2024 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 18,953,641 273,484 812,558 21,214,018 18,141,084 4% 422 TIF - West Washington 320,121 4,762 20,606 535,947 299,515 6% 429 TIF - River East Development Area (NE Dev) 4,038,206 37,375 164,216 6,578,037 3,873,990 4% 430 TIF - Southside Development Area #1 1,953,050 24,759 126,784 4,089,697 1,826,266 6% 435 TIF - Douglas Road 180,144 1,586 6,791 245,859 173,353 4% 436 TIF - River East Residential Area (NE Res) 6,215,921 16,173 93,521 7,385,974 6,122,400 2% Total Tax Increment Financing Funds 31,661,084 358,138 1,224,475 40,049,531 30,436,608 4% Redevelopment Funds 433 Redevelopment General 1,990,186 198,337 226,308 1,654,014 1,763,878 11% 439 Certified Technology Park 230 30 131 328 99 57% 452 2018 TIF Park Bond Capital - 3,807 19,175 67,016 (19,175) 0% 454 Airport Urban Enterprise Zone 8,296 1,123 4,808 12,091 3,488 58% 456 2023 South Bend Redevelopment Authority Bonds - 74,862 442,791 40,213,563 (442,791) 0% Total Redevelopment Funds 1,998,712 278,159 693,213 41,947,011 1,305,499 35% Debt Service Funds 315 Airport 2003 Debt Reserve - 2,834 12,138 30,526 (12,138) 0% 328 SBCDA 2003 Debt Reserve - 4,738 20,293 51,035 (20,293) 0% 351 2018 TIF Park Bond Debt Service 21,353 2,833 12,133 30,515 9,220 57% 352 2019 South Shore Double Tracking Debt Service 1,034,027 0 519,001 1,035,503 515,025 50% 353 2020 TIF Library Bond Debt Service Reserve 6,539 1 5 16 6,534 0% Total Debt Service Funds 1,061,919 10,407 563,571 1,147,595 498,348 53% Total Redevelopment Commission Funds 34,721,715 646,704 2,481,259 83,144,138 32,240,456 7% Grand Total 430,609,853 21,332,980 92,661,293 461,571,497 337,948,557 22% City of South Bend Monthly Fund Financials Expenditure Summary April 30, 2024 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 141,420,000 9,221,237 38,405,127 108,272,391 11,581,131 91,433,742 35% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 32,642,310 1,267,882 6,341,148 20,209,644 8,440,983 17,860,179 45% 202 Motor Vehicle Highway 19,385,841 824,182 4,319,530 10,677,672 4,003,839 11,062,472 43% 209 Studebaker-Oliver Revitalizing Grants 98,331 - 525 25,658 48,331 49,475 50% 210 Economic Development State Grants 222,865 - - 144,348 40,263 182,603 18% 211 Dept of Community Investment Operating 5,063,734 335,877 1,520,010 4,015,082 447,482 3,096,242 39% 212 Dept of Community Investment Grants 10,286,845 77,748 1,165,617 4,310,457 2,705,011 6,416,218 38% 216 Police State Seizures 22,000 - - - - 22,000 0% 217 Gift, Donation, Bequest 7,034,559 257 3,257 147,483 6,369,489 661,813 91% 218 Police Curfew Violations - - - - - - 0% 219 Unsafe Building 24,880 5,665 8,265 17,500 16,615 - 100% 220 Law Enforcement Continuing Education 1,006,038 168,261 521,133 709,459 207,739 277,166 72% 221 Rental Units Regulation 206,211 - 28,037 65,375 144,866 33,308 84% 227 Loss Recovery 1,500 - - - - 1,500 0% 230 Code Enforcement 7,141,768 309,223 1,372,770 4,396,734 406,426 5,362,573 25% 249 Local Income Tax - Public Safety 10,354,988 796,538 3,584,419 9,498,558 - 6,770,569 35% 251 Local Road & Street 5,088,939 84,838 602,053 3,372,745 2,677,342 1,809,544 64% 257 LOIT Special Distribution 54,136 - - 189,096 1,501 52,636 3% 258 Human Rights Federal Grants 268,204 15,099 67,619 196,770 2,882 197,702 26% 263 American Rescue Plan 9,346,451 25,500 4,707,817 945,227 4,638,634 - 100% 264 COVID-19 Response 122,305 12,896 72,568 383,405 49,736 - 100% 265 Local Road & Bridge Grant 2,222,695 - - 3,105,996 1,323,637 899,058 60% 266 MVH Restricted 3,353,471 82,469 257,335 4,412,010 1,892,778 1,203,358 64% 273 Morris PAC / Palais Royale Marketing - - - - - - 0% 274 Morris PAC Self-Promotion - - - - - - 0% 280 Police Block Grants - - - - - - 0% 288 Emergency Medical Services Operating - - - - - - 0% 289 Haz-Mat 10,000 - - - - 10,000 0% 291 Indiana River Rescue 94,871 8,582 25,549 91,052 11,487 57,835 39% 292 Police Grants - - - - - - 0% 294 Regional Police Academy - - - - - - 0% 295 COPS MORE Grant - - - - - - 0% 299 Police Federal Drug Enforcement 50,000 - - 75,609 - 50,000 0% 404 Local Income Tax - Certified Shares 3,513,740 - 584,619 14,394,532 194,621 2,734,500 22% 408 Local Income Tax - Economic Development 33,318,192 2,074,631 4,481,271 15,453,823 4,980,042 23,856,879 28% 410 Urban Development Action Grant - - - 338,253 - - 0% 655 Project ReLeaf 440,757 28,833 123,001 365,307 - 317,756 28% 705 Police K-9 Unit - - - - - - 0% 730 City Cemetery - - - - - - 0% 754 Industrial Revolving Fund 818,232 12,343 37,434 86,377 36,372 744,426 9% Total Special Revenue Funds 152,193,861 6,130,824 29,823,977 97,628,171 38,640,073 83,729,812 45% Debt Service Fund 312 2017 Parks Bond Debt Service 1,177,990 - 582,258 1,179,165 - 595,733 49% 350 2018 Fire Station #9 Bond Debt Service 341,331 - 171,491 342,856 - 169,841 50% 672 Century Center Energy Conservation Debt Svc 393,388 196,491 196,491 407,917 - 196,897 50% 752 South Bend Redevelopment Authority 4,689,081 - 2,726,578 3,652,309 - 1,962,503 58% 755 South Bend Building Corporation 1,425,193 - 851,884 2,202,118 - 573,309 60% 756 2015 Smart Streets Bond Debt Service 1,706,785 1,650 853,184 1,709,319 - 853,600 50% 757 2015 Parks Bond Debt Service 368,381 - 185,091 375,581 - 183,291 50% 760 2017 Eddy Street Commons Bond Debt Service 1,941,375 - - 1,929,875 - 1,941,375 0% Total Debt Service Funds 12,043,524 198,141 5,566,976 11,799,140 - 6,476,549 46% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary April 30, 2024 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 6,923,119 - 729,917 5,784,893 1,637,917 4,555,285 34% 401 Coveleski Stadium Capital 40,000 - 16,283 33,159 5,343 18,374 54% 406 Cumulative Capital Development 548,541 90,207 215,207 718,881 - 333,333 39% 407 Cumulative Capital Improvement 245,000 6,250 25,000 275,996 - 220,000 10% 412 Major Moves Construction 1,707,634 74 37,271 759,056 1,132,103 538,260 68% 413 Professional Sports Convention Development Area 732,837 20,500 226,694 3,568,457 122,565 383,578 48% 416 Morris Performing Arts Center Capital 1,986,012 - 121,724 1,440,954 169,743 1,694,545 15% 450 Palais Royale Historic Preservation 20,000 - - - - 20,000 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 453 Zoo Bond Capital - - 0 4,467,955 - - 0% 455 2021 Infrastructure Bond Capital 723,498 - 204,135 1,236,390 519,115 248 100% 471 2017 Parks Bond Capital 834,698 - 267,485 780,322 92,449 474,764 43% 750 Equipment/Vehicle Leasing - - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 13,761,338 117,031 1,843,716 19,066,064 3,679,234 8,238,387 40% Enterprise Funds 600 Consolidated Building 1,902,137 189,326 614,710 2,205,269 627 1,286,800 32% 601 Parking Garages 1,327,462 24,691 158,638 1,262,212 93,355 1,075,468 19% 602 Morris Performing Arts Center Operations 1,774,441 160,850 542,768 1,413,999 49,147 1,182,525 33% 610 Solid Waste Operations 8,047,429 639,165 3,262,287 7,616,354 65,642 4,719,500 41% 611 Solid Waste Capital 6,189,714 504,501 1,775,892 977,143 3,445,051 968,771 84% 620 Water Works Operations 24,409,097 1,083,924 5,888,867 19,134,577 1,418,006 17,102,223 30% 622 Water Works Capital 10,028,059 397,075 837,277 4,237,907 1,448,237 7,742,545 23% 624 Water Works Customer Deposit - - - - - - 0% 625 Water Works Sinking (Debt Service) 2,756,078 - - 1,401,675 - 2,756,078 0% 626 Water Works Bond Reserve - - - - - - 0% 629 Water Works Operations & Maintenance Reserve - - - - - - 0% 640 Sewer Repair Insurance 1,061,798 96,497 412,597 925,437 189,762 459,440 57% 641 Sewage Works Operations 49,231,742 1,835,303 10,872,297 37,432,072 2,191,059 36,168,386 27% 642 Sewage Works Capital 20,043,380 272,023 528,047 3,417,492 4,039,725 15,475,608 23% 643 Sewage Works Operations & Maintenance Reserve - - - - - - 0% 649 Sewage Sinking (Debt Service) 9,796,969 (147,096) (145,797) 7,496,591 - 9,942,766 -1% 653 Sewage Debt Service Reserve - (188,862) (188,862) - - 188,862 0% 654 Sewage Works Customer Deposit - - - - - - 0% 667 Storm Sewer 3,178,875 594,260 722,113 676,423 815,021 1,641,742 48% 670 Century Center Operations 4,688,456 415,358 1,530,786 4,128,823 25,201 3,132,469 33% 671 Century Center Capital 296,636 81,682 157,317 415,617 94,303 45,016 85% Total Enterprise Funds 144,732,273 5,958,697 26,968,938 92,741,592 13,875,137 103,888,199 28% Internal Service Funds 222 Central Services 12,048,561 958,823 3,813,116 10,150,004 114,788 8,120,658 33% 224 Central Services Capital - - - - - - 0% 226 Liability Insurance 4,190,903 276,820 963,070 3,021,317 328,999 2,898,834 31% 278 Police Take Home Vehicle 50,000 - - 1,040 - 50,000 0% 279 IT / Innovation / 311 Call Center 15,053,493 1,223,108 4,606,937 9,426,505 2,229,553 8,217,003 45% 711 Self-Funded Employee Benefits 20,822,900 1,190,959 5,728,103 19,237,373 3,051,039 12,043,758 42% 713 Unemployment Compensation 80,000 24,976 30,336 77,693 - 49,664 38% 714 Parental Leave 253,846 - 21,195 83,396 - 232,651 8% Total Internal Service Funds 52,499,703 3,674,686 15,162,757 41,997,329 5,724,378 31,612,568 40% Fiduciary Funds 701 Fire Pension 4,448,896 346,337 1,344,519 4,043,751 3,500 3,100,877 30% 702 Police Pension 5,894,664 505,905 2,033,902 6,110,205 3,500 3,857,262 35% Total Fiduciary Funds 10,343,560 852,242 3,378,421 10,153,956 7,000 6,958,139 33% Total City Controlled Funds 526,994,259 26,152,858 121,149,912 381,658,643 73,506,954 332,337,396 37% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary April 30, 2024 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 64,281,530 4,833,854 11,343,033 22,554,045 19,905,133 33,033,365 49% 422 TIF - West Washington 1,488,357 - 68,357 99,745 1,140,000 280,000 81% 429 TIF - River East Development Area (NE Dev) 10,792,446 75,826 405,815 3,834,024 3,363,889 7,022,742 35% 430 TIF - Southside Development Area #1 11,536,262 1,375,984 3,400,051 6,447,977 5,220,084 2,916,127 75% 435 TIF - Douglas Road 74,175 - - - - 74,175 0% 436 TIF - River East Residential Area (NE Res) 7,156,989 519,685 2,857,613 5,236,835 1,861,076 2,438,299 66% Total Tax Increment Financing Funds 95,329,758 6,805,349 18,074,869 38,172,627 31,490,182 45,764,708 52% Redevelopment Funds 433 Redevelopment General 2,971,846 34,060 482,066 2,170,909 689,641 1,800,139 39% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital 2,315,432 - 919,772 7,480 1,395,660 - 100% 454 Airport Urban Enterprise Zone - - - - - - 0% 456 2023 South Bend Redevelopment Authority 20,831,723 (6,325,136) 1,208,528 6,815,738 4,680,489 14,942,705 28% 457 2024 South Bend Redevelopment Authority - - - - 72,470 (72,470) 0% Total Redevelopment Funds 26,119,000 (6,291,076) 2,610,366 8,994,126 6,838,260 16,670,374 36% Debt Service Funds 315 Airport 2003 Debt Reserve 1,040,462 - - - - 1,040,462 0% 328 SBCDA 2003 Debt Reserve 1,739,495 - - - - 1,739,495 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,033,625 - 516,500 1,030,125 - 517,125 50% 353 2020 TIF Library Bond Debt Service Reserve - - - 8 - - 0% Total Debt Service Funds 3,813,582 - 516,500 1,030,133 - 3,297,082 14% Total Redevelopment Commission Funds 125,262,341 514,274 21,201,735 48,196,886 38,328,442 65,732,164 48% Grand Total 652,256,599 26,667,132 142,351,647 429,855,529 111,835,396 398,069,560 39% * Percent of budget spent includes year to date expenditures and outstanding encumbrances 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 - - - - - - - - - - - - - 65,178,717 0% TIF Districts - - - - - - - - - - - - - 30,399,445 0% Sub Total - - - - - - - - - - - - - 95,578,162 0% Local Income Tax LIT Certified Shares 1,046,191 1,046,191 1,046,191 1,046,191 - - - - - - - - 4,184,762 12,554,287 33% LIT for Economic Development 1,408,039 1,408,039 1,408,039 1,408,039 - - - - - - - - 5,632,156 16,896,469 33% LIT for Public Safety 999,049 999,049 999,049 999,049 - - - - - - - - 3,996,195 11,988,584 33% LIT for Redevelopment 0 0 0 0 - - - - - - - - 0 100 0% LIT Additional - Supplemental Distrib - - - - - - - - - - - - - - NA Sub Total 3,453,278 3,453,278 3,453,278 3,453,278 - - - - - - - - 13,813,114 41,439,440 33% Total Taxes 3,453,278 3,453,278 3,453,278 3,453,278 - - - - - - - - 13,813,114 137,017,602 10% Intergovernmental Revenue State Shared Revenue Auto Excise Tax - - - - - - - - - - - - - 3,889,020 0% Commercial Vehicle Tax - - - - - - - - - - - - - 927,699 0% Liquor Excise Tax 44,682 - - - - - - - - - - - 44,682 70,980 63% Liquor Gallonage Tax 65,088 - - 54,496 - - - - - - - - 119,584 252,713 47% Cigarette Tax - - - - - - - - - - - - - 236,857 0% Gasoline Tax 524,882 527,432 538,598 557,968 - - - - - - - - 2,148,879 6,201,482 35% Wheel Tax 140,469 - 167,569 200,304 - - - - - - - - 508,343 2,100,000 24% PSCDA Tax - 1,276,681 - 944,781 - - - - - - - - 2,221,462 5,000,000 44% State Pension Subsidy - - - - - - - - - - - - - 10,400,000 0% Sub Total 775,121 1,804,113 706,167 1,757,548 - - - - - - - - 5,042,949 29,078,751 17% Local Government Shared Revenue Hotel Motel Tax - - - 387,500 - - - - - - - - 387,500 2,656,437 15% Grants Federal Grants 445,870 432,146 105,392 236,915 - - - - - - - - 1,220,322 4,232,568 29% State Grants - - 578,677 - - - - - - - - - 578,677 100,000 579% Sub Total 445,870 432,146 684,069 236,915 - - - - - - - - 1,798,999 4,332,568 42% Other Intergovernmental Staffing Agreements with County - - - - - - - - - - - - - 30,000 0% Local Government Grants 0 - - - - - - - - - - - 0 - NA Federal Seized Drug 11,138 4,479 4,696 7,496 - - - - - - - - 27,810 80,000 35% State Seized Drug 6,742 1,080 - 5,027 - - - - - - - - 12,849 15,000 86% Sub Total 17,881 5,560 4,696 12,523 - - - - - - - - 40,660 125,000 33% Total Intergovernmental Revenue 1,238,871 2,241,818 1,394,933 2,394,486 - - - - - - - - 7,270,108 36,192,756 20% Licenses & Permits Business Business Licenses 23,545 27,329 16,703 16,022 - - - - - - - - 83,598 104,025 80% Taxi Cab Licensing 76 55 - 491 - - - - - - - - 622 2,500 25% Sub Total 23,621 27,384 16,703 16,513 - - - - - - - - 84,220 106,525 79% Nonbusiness Lawn Parking 135 135 90 90 - - - - - - - - 450 10,000 5% Engineering 9,170 13,720 5,135 6,805 - - - - - - - - 34,830 155,582 22% Right-of-Way Closures - 150 150 475 - - - - - - - - 775 1,500 52% Park Food Sales Permit 26 - 53 26 - - - - - - - - 105 - NA Fire Dept-Building Plan Review 988 1,731 2,830 1,659 - - - - - - - - 7,208 26,000 28% Building Department 101,252 145,363 166,368 164,597 - - - - - - - - 577,580 1,594,100 36% SBARC - Pet Licenses 1,235 2,035 2,715 1,810 - - - - - - - - 7,795 37,000 21% Sub Total 112,807 163,134 177,340 175,462 - - - - - - - - 628,743 1,824,182 34% Total Licenses & Permits 136,427 190,518 194,044 191,975 - - - - - - - - 712,964 1,930,707 37% Period Ending: April 30, 2024 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: April 30, 2024 Charges for Services General Government Plan Commission Charges - - 100 - - - - - - - - - 100 4,100 2% Copies of Public Records - - - - - - - - - - - - - 1,200 0% Historic Preserv Certificate of Approval 40 160 60 80 - - - - - - - - 340 2,000 17% IT Services - - - - - - - - - - - - - - NA Sub Total 40 160 160 80 - - - - - - - - 440 7,300 6% Public Safety Accident Report Copies 7,095 7,091 6,924 6,416 - - - - - - - - 27,526 85,300 32% Traffic Signal Maintenance 4,929 990 7,646 15,458 - - - - - - - - 29,023 150,000 19% EMS Special Event Coverage - 10,839 1,500 54,910 - - - - - - - - 67,249 160,000 42% Regional Academy Tuition 6,350 4,100 1,200 - - - - - - - - - 11,650 20,000 58% River Rescue School Tuition 38,000 23,200 8,000 10,400 - - - - - - - - 79,600 90,000 88% Fire Training Center Tuition 45,309 - - - - - - - - - - - 45,309 50,000 91% Emergency Medical Service 434,664 467,495 343,485 373,207 - - - - - - - - 1,618,851 3,180,000 51% Medicaid Reimbursements - - - 468,821 - - - - - - - - 468,821 469,580 100% EMS for County 172,657 172,857 172,457 172,657 - - - - - - - - 690,628 2,066,825 33% Hazmat Charges - 1,745 - - - - - - - - - - 1,745 5,000 35% Police Special Event Coverage - - - - - - - - - - - - - 15,900 0% Crime Lab Services 950 788 75 1,463 - - - - - - - - 3,275 10,000 33% EMS Late Payment Interest - - - - - - - - - - - - - 15,000 0% Misc Revenue - - - - - - - - - - - - - 500 0% Sub Total 709,955 689,104 541,287 1,103,331 - - - - - - - - 3,043,677 6,318,105 48% Culture & Recreation Morris Performing Arts Center 44,398 89,262 106,448 125,407 - - - - - - - - 365,516 1,587,871 23% Palais Royale Ballroom 14,469 7,715 12,200 16,104 - - - - - - - - 50,488 173,234 29% Parks & Recreation 306,124 157,178 159,002 205,893 - - - - - - - - 828,197 2,959,252 28% Lease of Coveleski Stadium - - - - - - - - - - - - - 25,000 0% Century Center 201,550 55,490 279,370 169,138 - - - - - - - - 705,549 3,228,900 22% Sub Total 566,541 309,645 557,021 516,543 - - - - - - - - 1,949,750 7,974,257 24% Highways & Streets Sale of Signs/Materials - - - - - - - - - - - - - 3,300 0% Special Events - - - - - - - - - - - - - 12,000 0% Sub Total - - - - - - - - - - - - - 15,300 0% Sanitation Trash Collection/Residential 553,115 566,890 567,179 569,845 - - - - - - - - 2,257,030 6,627,390 34% Trash Collection/Commercial 11,273 11,590 11,710 11,787 - - - - - - - - 46,360 140,713 33% Trash Collection/Apt 2 Units 4,599 4,774 4,784 4,759 - - - - - - - - 18,916 58,631 32% Trash Collection/Apt 3 Units 2,110 2,240 2,166 2,166 - - - - - - - - 8,683 26,970 32% Trash Collection/Apt 4 Units 2,768 2,883 2,880 2,903 - - - - - - - - 11,433 32,833 35% Trash Collection/Seniors - - - - - - - - - - - - - 52,767 0% Trash Collection/Special Pickup 1,800 2,500 2,580 2,840 - - - - - - - - 9,720 33,768 29% Trash Collection/Yard Waste Pickup 20 10 30 20 - - - - - - - - 80 759 11% Misc/Additional Trash Totes (78) (324) (119) (398) - - - - - - - - (918) - NA Misc/Return Trip Customer Error 1,060 670 980 920 - - - - - - - - 3,630 12,225 30% Misc/Contamination Fee 100 10 - 365 - - - - - - - - 475 3,320 14% Misc/Tote Replacement Fee 300 600 550 450 - - - - - - - - 1,900 6,430 30% Misc/Trash Start Fee 2,394 3,130 3,250 4,170 - - - - - - - - 12,944 49,594 26% Misc/Yard Waste Totes 96 139 144 120,513 - - - - - - - - 120,893 835,520 14% Sub Total 579,558 595,112 596,134 720,341 - - - - - - - - 2,491,145 7,880,920 32% 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: April 30, 2024 Charges for Services Utilities - Water Metered Sales/Residential 647,022 674,977 666,739 662,756 - - - - - - - - 2,651,494 9,232,159 29% Metered Sales/Commercial 192,796 202,383 203,755 205,960 - - - - - - - - 804,894 2,930,546 27% Metered Sales/Industrial 25,663 28,776 28,940 29,095 - - - - - - - - 112,475 560,965 20% Metered Sales/Multi Family 101,411 104,690 102,976 102,862 - - - - - - - - 411,940 1,400,014 29% Bulk Sales/Olive St - - - - - - - - - - - - - 8,087 0% Metered Sales/Institution 10,527 11,462 11,320 11,380 - - - - - - - - 44,689 151,759 29% Public Fire Protection 219,246 224,763 227,197 227,841 - - - - - - - - 899,047 2,949,806 30% Private Fire Protection 40,563 41,705 41,951 42,050 - - - - - - - - 166,269 554,704 30% Sales to Public Authorities 30,812 31,927 33,431 34,360 - - - - - - - - 130,529 326,737 40% Irrigation Sales 98 294 (483) (301) - - - - - - - - (391) 1,565,306 0% Other Water/Misc Service 25,046 22,275 25,942 23,258 - - - - - - - - 96,521 537,812 18% Backflow Prevention Insp. 10,575 17,675 17,275 14,600 - - - - - - - - 60,125 183,931 33% Water Main Extension - - - - - - - - - - - - - - NA Rents From Water Property - - - - - - - - - - - - - - NA Revenue From Cut Off Fees 375 - 1,725 150 - - - - - - - - 2,250 5,025 45% Penalties (Forfeit Disc.) 9,765 7,833 7,508 9,295 - - - - - - - - 34,400 83,415 41% Water Leak Insurance 88,776 88,686 88,539 88,720 - - - - - - - - 354,721 1,202,845 29% System Development Fee 4,283 863 1,291 8,558 - - - - - - - - 14,995 210,000 7% Sub Total 1,406,957 1,458,310 1,458,105 1,460,583 - - - - - - - - 5,783,956 21,903,109 26% Utilities - Sewage Metered Sales/Residential 1,870,114 1,871,723 1,856,064 1,878,839 - - - - - - - - 7,476,739 21,688,403 34% Metered Sales/Commercial 655,983 687,408 589,277 741,647 - - - - - - - - 2,674,314 8,194,741 33% Metered Sales/Industrial 454,204 439,034 363,175 459,659 - - - - - - - - 1,716,072 5,842,543 29% Metered Sales/Multi Family 267,814 272,266 267,406 288,279 - - - - - - - - 1,095,765 3,409,642 32% Metered Sales/Institution 28,385 29,460 29,234 29,865 - - - - - - - - 116,944 324,096 36% Sales to Public Authority 83,071 86,314 88,842 87,040 - - - - - - - - 345,266 1,216,439 28% Wholesale Meter/New Carlisle - - - - - - - - - - - - - 276,556 0% Penalties (Forfeit Disc.) 57,122 47,831 44,102 54,953 - - - - - - - - 204,008 590,930 106% Dumping Fees 2,607 2,299 3,021 4,237 - - - - - - - - 12,164 24,878 49% Laboratory Service Fees 1,950 - 3,900 1,950 - - - - - - - - 7,800 1,687 462% Discharge Permit Fees 1,250 2,000 - 1,500 - - - - - - - - 4,750 6,187 77% System Development Fee 11,996 2,080 4,141 19,599 - - - - - - - - 37,815 339,000 11% 346113 - ChargesSewer System Finance Charge - - - - - - - - - - - NA Sewer Repair Insurance 49,291 49,203 49,122 49,229 - - - - - - - - 196,845 585,295 34% Sewer Repair Deductible 10,793 10,608 13,896 8,515 - - - - - - - - 43,813 80,800 54% UAP Assistance Fee 84,036 84,097 84,192 84,368 - - - - - - - - 336,694 902,160 37% UAP Credit (Contra) (60,336) (60,553) (61,684) (64,517) - - - - - - - - (247,090) (902,160) 27% RINS Credits - - 8,171 8,018 - - - - - - - - 16,189 - NA 346123 - Charges for Svcs-Utilities-Sewage-Disconnect Program FeeDisconnect Program Fee - - - - - - - - - - - - - - NA Unmetered Sewer Fee 24,062 22,987 23,806 23,743 - - - - - - - - 94,598 - NA Sub Total 3,542,340 3,546,757 3,366,665 3,676,923 - - - - - - - - 14,132,686 42,581,197 33% Utilities - Other Storm Water Fees 92,626 105,123 101,294 101,450 - - - - - - - - 400,493 1,147,200 35% Clean Air/ReLeaf (Leaf Pickup) 37,890 37,812 37,759 37,811 - - - - - - - - 151,272 456,126 33% Sub Total 130,516 142,936 139,053 139,261 - - - - - - - - 551,766 1,603,326 34% Organic Resources Yard Waste Drop-Off 1,395 3,403 10,793 18,562 - - - - - - - - 34,152 94,528 36% Mulch/Compost Sales 30 323 4,620 16,345 - - - - - - - - 21,318 62,058 34% Sub Total 1,425 3,726 15,413 34,907 - - - - - - - - 55,470 156,586 35% 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: April 30, 2024 Charges for Services Animal Resource Center Pet Impound Reclaim Fee 175 265 190 200 - - - - - - - - 830 6,300 13% Pet Adoption Fees 1,020 1,865 2,072 1,820 - - - - - - - - 6,777 25,000 27% Pick Up Fees 80 80 - 40 - - - - - - - - 200 500 40% Pet Micro Chipping 370 100 420 280 - - - - - - - - 1,170 3,600 33% Vet Expenses 135 10 640 164 - - - - - - - - 949 3,100 31% Pet Euthanasia 20 120 80 40 - - - - - - - - 260 100 260% Animal Surrenders 580 660 960 800 - - - - - - - - 3,000 8,000 38% Cremation 135 375 775 495 - - - - - - - - 1,780 2,200 81% Rabies Specimen Prep 30 - 60 - - - - - - - - - 90 500 18% Boarding - - 300 - - - - - - - - - 300 1,000 30% Sub Total 2,545 3,475 5,497 3,839 - - - - - - - - 15,356 50,300 31% Other DCI Staff Contracts - 12,500 51,740 64,237 - - - - - - - - 128,477 1,216,138 11% Other Misc Charges for Services - - - - - - - - - - - - - - NA Parking-Garages 61,523 6,931 18,525 23,048 - - - - - - - - 110,027 1,110,288 10% Parking-Century Center 7,445 12,705 29,820 10,358 - - - - - - - - 60,328 112,200 54% Central Services-Internal Customers 696,181 801,931 847,577 834,432 - - - - - - - - 3,180,120 11,193,493 28% Central Services-External Customers 17,345 22,321 18,038 23,872 - - - - - - - - 81,576 405,909 20% Employee & Employer Assessments 1,501,328 1,489,668 1,507,943 1,492,685 - - - - - - - - 5,991,624 21,061,140 28% Sub Total 2,283,821 2,346,057 2,473,642 2,448,633 - - - - - - - - 9,552,152 35,099,168 27% Total Charges for Services 9,223,698 9,095,283 9,152,977 10,104,441 - - - - - - - - 37,576,399 123,589,568 30% Fines, Forfeitures, & Fees General Ordinance Violation - - - - - - - - - - - - - 5,500 0% Bad Checks Fines - - - 12 - - - - - - - - 12 - NA Collections - 64 - - - - - - - - - - 64 - NA Court Fees - 1,253 - - - - - - - - - - 1,253 10,600 12% Plan Commission Application Fee 2,100 2,800 1,700 3,800 - - - - - - - - 10,400 23,250 45% Zoning Appeals Application Fee 900 1,625 1,425 1,925 - - - - - - - - 5,875 11,250 52% Zoning Admin Fees 1,050 1,270 2,170 1,670 - - - - - - - - 6,160 13,950 44% Zoning Admin Fines - - - 38 - - - - - - - - 38 - NA Tax Abatement Admin Fees 1,446 - 1,829 1,834 - - - - - - - - 5,109 10,000 51% Test Filling Fees 200 500 450 850 - - - - - - - - 2,000 8,000 25% Econ Dev-CDBG Loan Late Fees - - - - - - - - - - - - - - NA Sub Total 5,696 7,511 7,574 10,129 - - - - - - - - 30,910 82,550 37% Code Enforcement Vacant Bldg Registration - - - 300 - - - - - - - - 300 12,900 2% Landlord Registration Fee 35 55 15 5 - - - - - - - - 110 - NA Rental Unit Safety Fees 10,250 5,750 9,250 16,750 - - - - - - - - 42,000 100,000 42% Demolition & Boarding 2,162 1,976 1,728 1,562 - - - - - - - - 7,429 45,000 17% Collections - 278 - - - - - - - - - - 278 12,000 2% Environmental Violations 7,643 10,486 5,490 7,261 - - - - - - - - 30,880 165,000 19% Ordinance Violation 2,319 8,038 3,768 7,057 - - - - - - - - 21,183 27,500 77% Animal Ordinance Violation 1,255 169 1,804 1,150 - - - - - - - - 4,379 25,000 18% Forfeitures-Civil Penalties - - - - - - - - - - - - - 117,500 0% 351204 - Fines/Forfeitures/Fees-Forfeitures-Civil PenaltiesForfeitures-Chronic Problem - - - - - - - - - - - - - - NA Sub Total 23,665 26,751 22,056 34,086 - - - - - - - - 106,558 504,900 21% Parking Street Parking Fines 6,480 7,100 5,060 5,050 - - - - - - - - 23,690 60,298 39% 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: April 30, 2024 Fines, Forfeitures, & Fees Public Safety False Alarms Fine 8,267 10,508 1,089 1,909 - - - - - - - - 21,773 84,800 26% Noise Ordinance - 2,500 - - - - - - - - - - 2,500 1,060 236% Curfew Violation - - 100 - - - - - - - - - 100 212 47% Impound Towing Fees 2,000 840 1,470 663 - - - - - - - - 4,973 10,600 47% Sub Total 10,267 13,848 2,659 2,571 - - - - - - - - 29,346 96,672 30% Total Fines, Forfeitures, & Fees 46,109 55,210 37,349 51,836 - - - - - - - - 190,504 744,420 26% Other Income Miscellaneous Revenue Miscellaneous Revenue 108,011 (9,877) (1,015) 8,894 - - - - - - - - 106,014 350,336 30% Sale of Scrap Metal 49 3,594 1,988 3,726 - - - - - - - - 9,356 19,155 49% Bond Interest Rebate - - - - - - - - - - - - - 64,132 0% Origination Fees 1,000 600 - 2,094 - - - - - - - - 3,694 7,000 53% Loan Servicing Fees 1,820 14,464 3,515 8,736 - - - - - - - - 28,536 15,000 190% Sub Total 110,881 8,781 4,488 23,450 - - - - - - - - 147,600 455,623 32% Bank Account Interest 1,285,281 1,178,725 1,016,107 973,815 - - - - - - - - 4,453,928 3,715,036 120% Rental of Property 10,895 13,701 6,028 14,066 - - - - - - - - 44,691 135,171 33% Donations 2,334 1,496 1,771,797 9,363 - - - - - - - - 1,784,989 9,720,560 18% 3rd Party Revenue Cable TV Franchise Fees - 132,654 - - - - - - - - - - 132,654 680,000 20% Video Franchise Fees - - - 22,959 - - - - - - - - 22,959 135,000 17% Sub Total - 132,654 - 22,959 - - - - - - - - 155,613 815,000 19% Total Other Income 1,409,390 1,335,357 2,798,420 1,043,653 - - - - - - - - 6,586,821 14,841,390 44% Reimbursements Miscellaneous Reimbursements 47,925 211,656 3,063 17,072 - - - - - - - - 279,717 26,100 1072% Insurance Claim 17,943 26,560 43,687 37,029 - - - - - - - - 125,220 46,200 271% IT Services 66,934 441 972 452 - - - - - - - - 68,799 73,764 93% Travel Reimbursement - - - - - - - - - - - - - 1,400 0% Lamppost Program - - - 2,750 - - - - - - - - 2,750 8,000 34% Energy Rebates - - - - - - - - - - - - - 45,000 0% Repair Reimbursement 120 75 1,041 75 - - - - - - - - 1,311 21,200 6% Salary/Overtime Reimb 7,493 4,749 2,959 5,317 - - - - - - - - 20,518 350,000 6% Diesel Tax Rebate 21,587 - - - - - - - - - - - 21,587 40,000 54% Pharmacy Rebates 75,516 72,250 74,738 134,395 - - - - - - - - 356,899 750,000 48% Beck's Lake Reimbursement - - - - - - - - - - - - - - NA Morris Advertising Reimbursement - - - - - - - - - - - - - - NA Sub Total 237,519 315,733 126,459 197,090 - - - - - - - - 876,800 1,361,664 64% Departmental Reimbursements - - - - - - - - - - - - - - NA Total Reimbursements 237,519 315,733 126,459 197,090 - - - - - - - - 876,800 1,361,664 64% Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In 5,383,659 3,369,609 2,020,591 1,700,951 - - - - - - - - 12,474,809 66,265,624 19% PILOT 3,024,351 12,258 12,258 12,258 - - - - - - - - 3,061,125 6,024,186 51% Administration Cost Allocation 793,417 793,417 793,417 793,417 - - - - - - - - 3,173,667 9,521,000 33% IT Cost Allocation 1,091,691 1,091,691 1,091,691 1,091,691 - - - - - - - - 4,366,765 13,100,296 33% Liability Insurance Allocation 303,333 303,333 303,333 303,333 - - - - - - - - 1,213,333 3,639,999 33% Payroll Cost Allocation 197,090 197,090 197,090 197,090 - - - - - - - - 788,359 2,365,077 33% Facilities Management Allocation 13,333 13,333 13,333 13,333 - - - - - - - - 53,333 160,000 33% Utility Customer Service Mgmt Allocation 134,688 134,688 134,688 134,688 - - - - - - - - 538,750 1,616,250 33% Sub Total 10,941,562 5,915,419 4,566,401 4,246,760 - - - - - - - - 25,670,142 102,692,433 25% 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: April 30, 2024 Other Sources Sale of Assets Sale of Capital Assets - - - - - - - - - - - - - - NA Sale of Non-Capital Assets - - - - - - - - - - - - - - NA Sale of Property - 8,935 - - - - - - - - - - 8,935 - NA Other Damage Reimbursement - - - - - - - - - - - - - - NA Vehicle Damage Reimbursement - - - - - - - - - - - - - - NA Hydrant Damage Reimbursement - 386 - - - - - - - - - - 386 - NA Sub Total - 9,321 - - - - - - - - - - 9,321 - NA Issuance of Debt Capital Lease Proceeds - - - - - - - - - - - - - 11,928,500 0% Bond Proceeds - - - (335,958) - - - - - - - - (335,958) - NA Premium on Bonds - - - - - - - - - - - - - - NA Sub Total - - - (335,958) - - - - - - - - (335,958) 11,928,500 -3% Refunds Refunds 1,151 3,269 300 778 - - - - - - - - 5,498 - NA Specific Stop Loss - - - - - - - - - - - - - 10,000 0% Utility Receipts Tax Refund - - - - - - - - - - - - - - NA Sub Total 1,151 3,269 300 778 - - - - - - - - 5,498 10,000 55% Other Sale of Property Held for Resale - - - - - - - - - - - - - - NA Interfund Loan - Principal Income - 71,390 - - - - - - - - - - 71,390 126,129 57% Interfund Loan - Interest Income - 6,679 - - - - - - - - - - 6,679 12,386 54% Other Loan - Principal Income 122 231,051 (129,648) (50,949) - - - - - - - - 50,577 10,000 506% Other Loan - Interest Income 42,326 41,054 37,967 35,590 - - - - - - - - 156,936 152,300 103% Sub Total 42,448 350,173 (91,681) (15,359) - - - - - - - - 285,582 300,814 95% Total Other Sources 10,985,161 6,278,182 4,475,021 3,896,221 - - - - - - - - 25,634,584 114,931,747 22% Revenue Total 26,730,453 22,965,379 21,632,481 21,332,980 - - - - - - - - 92,661,293 430,609,853 22% 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 91,660 80,469 102,842 74,731 - - - - - - - - 349,702 1,197,172 29% Community Initiatives 101 - - - - - - - - - - - - - - NA Community Police Review Office 101 7,591 7,686 10,927 7,686 - - - - - - - - 33,889 100,155 34% Clerk 101 45,913 39,477 53,497 38,344 - - - - - - - - 177,231 610,854 29% Common Council 101 32,826 45,894 50,986 37,598 - - - - - - - - 167,303 931,451 18% Youth Council 101 1,345 327 258 - - - - - - - - - 1,930 12,000 16% General City 101 426,770 960,642 1,088,327 1,284,816 - - - - - - - - 3,760,554 31,423,899 12% Controller' Office 101 193,693 195,679 276,742 196,179 - - - - - - - - 862,293 3,296,011 26% Human Resources 101 71,705 67,474 89,298 67,986 - - - - - - - - 296,462 939,251 32% Diversity & Inclusion 101 38,122 35,883 57,094 44,318 - - - - - - - - 175,418 752,583 23% Human Rights 101 24,945 27,149 53,472 34,997 - - - - - - - - 140,563 596,497 24% Legal 101 142,839 129,998 187,735 131,589 - - - - - - - - 592,161 2,060,312 29% Engineering 101 500,000 500,000 500,000 500,000 - - - - - - - - 2,000,000 6,000,000 33% Park Maintenance 101 200,127 - 127,505 68,799 - - - - - - - - 396,432 2,226,831 18% Park Capital 101 - - 7,939 - - - - - - - - - 7,939 7,967 100% Curb & Sidewalk 101 133,333 133,333 133,333 133,333 - - - - - - - - 533,333 1,600,000 33% Street Signals & Lighting 101 109,905 122,287 116,431 112,093 - - - - - - - - 460,717 - NA Streets 101 458,333 458,333 458,333 458,333 - - - - - - - - 1,833,333 5,500,000 33% Sub Total 2,479,107 2,804,630 3,314,719 3,190,803 - - - - - - - - 11,789,260 57,254,983 21% Public Works Engineering 101 262,558 268,971 398,717 364,303 - - - - - - - - 1,294,548 4,769,887 27% Sub Total 262,558 268,971 398,717 364,303 - - - - - - - - 1,294,548 4,769,887 27% Public Safety Police 101 3,630,157 3,383,135 4,316,870 3,175,863 - - - - - - - - 14,506,025 45,832,381 32% Crime Lab 101 67,402 71,260 91,261 72,105 - - - - - - - - 302,028 960,068 31% Fire 101 2,423,635 2,223,951 3,179,340 2,335,551 - - - - - - - - 10,162,477 31,480,362 32% EMS 101 75,351 45,296 69,017 54,338 - - - - - - - - 244,003 773,498 32% Fire Training Center 101 19,938 5,404 10,913 4,228 - - - - - - - - 40,483 80,725 50% Sub Total 6,216,483 5,729,046 7,667,401 5,642,086 - - - - - - - - 25,255,016 79,127,033 32% Community Investment Sustainability 101 - - - - - - - - - - - - - 33,000 0% Sub Total - - - - - - - - - - - - - 33,000 0% Arts & Culture Morris Performing Arts Center 101 - - - - - - - - - - - - - - NA Palais Royale Ballroom 101 14,897 18,551 8,810 24,044 - - - - - - - - 66,303 235,098 28% Sub Total 14,897 18,551 8,810 24,044 - - - - - - - - 66,303 235,098 28% Total General Fund 8,973,046 8,821,197 11,389,647 9,221,237 - - - - - - - - 38,405,127 141,420,000 27% Venues, Parks & Arts Parks & Recreation Park Administration 201 82,457 80,520 94,497 111,477 - - - - - - - - 368,951 1,313,653 28% Park Maintenance 201 717,986 626,628 848,686 598,726 - - - - - - - - 2,792,026 10,270,298 27% Golf Courses 201 96,252 197,483 165,615 167,944 - - - - - - - - 627,294 2,769,442 23% Recreational Experiences 201 183,493 178,750 207,207 147,009 - - - - - - - - 716,458 2,656,624 27% Community Programming 201 91,707 78,531 102,068 82,245 - - - - - - - - 354,550 1,942,591 18% Development & Promotions 201 41,589 50,897 48,870 66,361 - - - - - - - - 207,717 2,460,081 8% Park Projects & Capital 201 146,658 317,847 152,308 625 - - - - - - - - 617,438 9,085,621 7% Potawatomi Zoo 201 200,285 285 285 285 - - - - - - - - 201,141 403,422 50% Park Debt 201 - - - - - - - - - - - - - 5,500 0% Machinery & Equipment 201 140,461 68,725 153,178 93,210 - - - - - - - - 455,574 1,735,079 26% Morris Palais Marketing 273 - - - - - - - - - - - - - - NA Morris PAC Self-Promotion 274 - - - - - - - - - - - - - - NA Coveleski Stadium Capital 401 - 3,124 13,160 - - - - - - - - - 16,283 40,000 41% Professional Sports Convention Dev. Area 413 43,973 156,222 6,000 20,500 - - - - - - - - 226,694 732,837 31% Morris PAC Improvement 416 4,445 - 117,279 - - - - - - - - - 121,724 1,986,012 6% Palais Historic Preservation 450 - - - - - - - - - - - - - 20,000 0% Morris Performing Arts Center Operations 602 105,695 126,937 149,286 160,850 - - - - - - - - 542,768 1,774,441 31% Sub Total 1,855,000 1,885,948 2,058,438 1,449,232 - - - - - - - - 7,248,618 37,195,600 19% Period Ending: April 30, 2024 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: April 30, 2024 Parking Garages Parking Enforcement 601 34,712 100 - - - - - - - - - - 34,812 233,434 15% Parking General Operations 601 13,392 4,199 4,199 7,600 - - - - - - - - 29,390 109,970 27% Main Street Garage 601 25,471 8,279 4,255 5,110 - - - - - - - - 43,116 343,973 13% Leighton Plaza Garage 601 24,004 9,127 1,944 6,794 - - - - - - - - 41,870 354,499 12% Wayne Street Garage 601 (3,283) 5,098 2,450 5,186 - - - - - - - - 9,450 285,586 3% Sub Total 94,297 26,803 12,848 24,691 - - - - - - - - 158,638 1,327,462 12% Century Center Century Center Operations 670 356,368 312,203 446,857 415,358 - - - - - - - - 1,530,786 4,688,456 33% Century Center Capital 671 14,053 17,230 44,352 81,682 - - - - - - - - 157,317 296,636 53% Century Center Energy Saving 672 - - - 196,491 - - - - - - - - 196,491 393,388 50% Sub Total 370,421 329,433 491,208 693,531 - - - - - - - - 1,884,593 5,378,479 35% Total Venues, Parks & Arts 2,319,718 2,242,184 2,562,494 2,167,454 - - - - - - - - 9,291,850 43,901,540 21% Public Safety Police Department Police Seizures 216 - - - - - - - - - - - - - 22,000 0% Curfew Violations 218 - - - - - - - - - - - - - - NA Law Enforcement Education 220 43,365 184,263 125,244 168,261 - - - - - - - - 521,133 1,006,038 52% Public Safety Local Income Tax - Police 249 398,269 398,269 597,403 398,269 - - - - - - - - 1,792,209 5,177,494 35% Police Take Home Vehicle 278 - - - - - - - - - - - - - 50,000 0% Police Block Grant 280 - - - - - - - - - - - - - - NA Police Grants 292 - - - - - - - - - - - - - - NA Police Academy 294 - - - - - - - - - - - - - - NA COPS MORE Grants 295 - - - - - - - - - - - - - - NA Drug Enforcement 299 - - - - - - - - - - - - - 50,000 0% K-9 Unit 705 - - - - - - - - - - - - - - NA Sub Total 441,634 582,532 722,647 566,530 - - - - - - - - 2,313,342 6,305,532 37% Fire Department Public Safety Local Income Tax - Fire 249 398,269 398,269 597,403 398,269 - - - - - - - - 1,792,209 5,177,494 35% Fire Department Capital 287 542,292 31,369 156,255 - - - - - - - - - 729,917 6,923,119 11% Haz-Mat 289 - - - - - - - - - - - - - 10,000 0% Indiana River Rescue 291 1,657 4,891 10,419 8,582 - - - - - - - - 25,549 94,871 27% Sub Total 942,218 434,529 764,077 406,851 - - - - - - - - 2,547,675 12,205,483 21% Total Public Safety 1,383,852 1,017,060 1,486,724 973,381 - - - - - - - - 4,861,017 18,511,015 26% Public Works Streets Motor Vehicle Highway 202 1,368,619 900,596 1,226,133 824,182 - - - - - - - - 4,319,530 19,385,841 22% Local Road & Street 251 284,222 188,112 44,880 84,838 - - - - - - - - 602,053 5,088,939 12% LOIT 2016 Special Distribution 257 - - - - - - - - - - - - - 54,136 0% Local Road & Bridge Grant 265 - - - - - - - - - - - - - 2,222,695 0% MVH Restricted Fund 266 93,995 15,015 65,856 82,469 - - - - - - - - 257,335 3,353,471 8% Major Moves 412 27,082 962 9,153 74 - - - - - - - - 37,271 1,707,634 2% Project ReLeaf 655 35,341 30,023 28,804 28,833 - - - - - - - - 123,001 440,757 28% Sub Total 1,809,259 1,134,708 1,374,827 1,020,397 - - - - - - - - 5,339,190 32,253,474 17% Solid Waste Solid Waste Operations 610 1,432,409 606,407 584,306 639,165 - - - - - - - - 3,262,287 8,047,429 41% Solid Waste Capital 611 1,137,536 - 133,855 504,501 - - - - - - - - 1,775,892 6,189,714 29% Sub Total 2,569,945 606,407 718,161 1,143,666 - - - - - - - - 5,038,180 14,237,144 35% Water Works Water Works Operations 620 2,036,035 1,387,228 1,381,681 1,083,924 - - - - - - - - 5,888,867 24,409,097 24% Water Works Capital 622 181,448 68,117 190,637 397,075 - - - - - - - - 837,277 10,028,059 8% Water Works Sinking (Debt Service) 625 - - - - - - - - - - - - - 2,756,078 0% Sub Total 2,217,483 1,455,345 1,572,318 1,480,998 - - - - - - - - 6,726,145 37,193,234 18% 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: April 30, 2024 Wastewater/Sewer/Organic Resources Sewer Repair Insurance 640 52,954 89,850 173,296 96,497 - - - - - - - - 412,597 1,061,798 39% Sewer Division 641 512,965 603,617 575,074 535,419 - - - - - - - - 2,227,075 7,803,414 29% Concrete Crew 641 41,920 52,141 52,751 44,651 - - - - - - - - 191,463 592,720 32% Wastewater Operations 641 3,681,414 1,644,024 1,428,797 1,066,433 - - - - - - - - 7,820,668 38,925,118 20% Organic Resources 641 138,586 139,220 166,485 188,800 - - - - - - - - 633,091 1,910,490 33% Sewage Works Capital 642 110,899 65,257 79,867 272,023 - - - - - - - - 528,047 20,043,380 3% Sewage Works Sinking (Debt Service) 649 (1) 1,300 - (147,096) - - - - - - - - (145,797) 9,796,969 -1% Sewage Debt Service Reserve 653 - - - (188,862) - - - - - - - - (188,862) - NA Sub Total 4,538,737 2,595,409 2,476,271 1,867,865 - - - - - - - - 11,478,281 80,133,889 14% Storm Water Fees Storm Sewer Fund 667 5,237 105,028 17,587 594,260 - - - - - - - - 722,113 3,178,875 23% Sub Total 5,237 105,028 17,587 594,260 - - - - - - - - 722,113 3,178,875 23% Total Public Works 11,140,662 5,896,896 6,159,164 6,107,187 - - - - - - - - 29,303,909 166,996,615 18% Department of Community Investment Studebaker/Oliver Revitalizing Grant 209 188 338 - - - - - - - - - - 525 98,331 1% Economic Development State Grants 210 - - - - - - - - - - - - - 222,865 0% DCI Operating 211 345,962 335,678 502,493 335,877 - - - - - - - - 1,520,010 5,063,734 30% DCI Grants 212 17,649 47,115 1,023,105 77,748 - - - - - - - - 1,165,617 10,286,845 11% Unsafe Building 219 2,600 - - 5,665 - - - - - - - - 8,265 24,880 33% Rental Units Regulation 221 5,215 5,408 17,415 - - - - - - - - - 28,037 206,211 14% Neighborhood Services & Enforcement 230 267,227 188,204 290,952 213,226 - - - - - - - - 959,609 5,834,539 16% Animal Resource Center 230 89,335 105,936 121,892 95,997 - - - - - - - - 413,161 1,307,230 32% UDAG 410 - - - - - - - - - - - - - - NA Building Dept Operations 600 128,675 126,922 169,788 189,326 - - - - - - - - 614,710 1,902,137 32% Industrial Revolving Fund 754 19,090 3,882 2,118 12,343 - - - - - - - - 37,434 818,232 5% Total Dept of Community Investment 875,940 813,482 2,127,764 930,182 - - - - - - - - 4,747,368 25,765,002 18% Capital & Debt Service Funds 2017 Park Bond Debt Service 312 582,258 - - - - - - - - - - - 582,258 1,177,990 49% 2018 Fire Station #9 Debt Service 350 171,491 - - - - - - - - - - - 171,491 341,331 50% Local Income Tax - Certified Shares 404 570,758 9,268 4,593 - - - - - - - - - 584,619 3,513,740 17% Cumulative Capital Development 406 41,667 41,667 41,667 90,207 - - - - - - - - 215,207 548,541 39% Cumulative Capital Improvement 407 6,250 6,250 6,250 6,250 - - - - - - - - 25,000 245,000 10% Local Income Tax - Economic Develop. 408 1,232,514 1,264,281 (90,155) 2,074,631 - - - - - - - - 4,481,271 33,318,192 13% 2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital 453 0 - - - - - - - - - - - 0 - NA 2021 Infrastructure Bond Capital 455 204,135 - - - - - - - - - - - 204,135 723,498 28% 2017 Park Bond Capital 471 267,485 - - - - - - - - - - - 267,485 834,698 32% Equipment / Vehicle Leasing 750 - - - - - - - - - - - - - - NA Redevelopment Authority Debt Service 752 575,500 2,151,078 - - - - - - - - - - 2,726,578 4,689,081 58% South Bend Building Corporation 755 - 851,884 - - - - - - - - - - 851,884 1,425,193 60% 2015 Smart Streets Bond Debt Service 756 - 851,534 - 1,650 - - - - - - - - 853,184 1,706,785 50% 2015 Park Bond Debt Service 757 - 185,091 - - - - - - - - - - 185,091 368,381 50% 2017 Eddy St. Commons Bond Capital 759 - - - - - - - - - - - - - - NA 2017 Eddy St. Commons Bond Debt 760 - - - - - - - - - - - - - 1,941,375 0% Total Capital & Debt Service 3,652,056 5,361,053 (37,645) 2,172,738 - - - - - - - - 11,148,202 50,833,805 22% Internal Service Funds Central Services Equipment Services 222 845,137 842,035 978,517 898,880 - - - - - - - - 3,564,569 10,925,452 33% Radio Shop 222 17,296 16,880 24,214 18,344 - - - - - - - - 76,734 326,915 23% Building Maintenance 222 17,691 19,525 30,497 23,552 - - - - - - - - 91,265 327,071 28% Facilities Management 222 11,345 11,505 14,939 11,505 - - - - - - - - 49,295 152,254 32% Central Services Capital 222 - 24,712 - 6,541 - - - - - - - - 31,253 316,869 10% Subtotal 891,468 914,657 1,048,167 958,823 - - - - - - - - 3,813,116 12,048,561 32% 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: April 30, 2024 Liability Insurance Business Insurance 226 64,848 18,250 9,220 4,802 - - - - - - - - 97,120 1,358,778 7% Liability Insurance 226 63,207 21,457 25,380 89,359 - - - - - - - - 199,403 1,455,068 14% Workers Compensation 226 291,936 90,130 101,823 182,659 - - - - - - - - 666,548 1,275,288 52% Catastrophic Events 226 - - - - - - - - - - - - - 101,769 0% Subtotal 419,991 129,837 136,422 276,820 - - - - - - - - 963,070 4,190,903 23% IT / Innovation /311 Call Center 279 1,431,218 732,103 1,220,507 1,223,108 - - - - - - - - 4,606,937 15,053,493 31% Self-Funded Employee Benefits 711 1,333,932 1,318,099 1,885,114 1,190,959 - - - - - - - - 5,728,103 20,822,900 28% Unemployment Compensation 713 - 5,360 - 24,976 - - - - - - - - 30,336 80,000 38% Parental Leave 714 2,140 6,104 12,951 - - - - - - - - - 21,195 253,846 8% Total Internal Service Funds 4,078,749 3,106,160 4,303,162 3,674,686 - - - - - - - - 15,162,757 52,449,703 29% Other Miscellaneous Gift, Donation, Bequest 217 - 3,000 - 257 - - - - - - - - 3,257 7,034,559 0% Loss Recovery 227 - - - - - - - - - - - - - 1,500 0% Human Rights Federal Grants 258 15,127 16,413 20,980 15,099 - - - - - - - - 67,619 268,204 25% American Rescue Plan 263 1,250,125 1,919,527 1,512,664 25,500 - - - - - - - - 4,707,817 9,346,451 50% COVID-19 Response 264 32,391 14,818 12,463 12,896 - - - - - - - - 72,568 122,305 59% Sub Total 1,297,643 1,953,759 1,546,108 53,752 - - - - - - - - 4,851,261 16,773,018 29% Fiduciary Funds Fire Pension 701 333,062 333,231 331,889 346,337 - - - - - - - - 1,344,519 4,448,896 30% Police Pension 702 519,810 505,154 503,032 505,905 - - - - - - - - 2,033,902 5,894,664 35% Sub Total 852,872 838,385 834,921 852,242 - - - - - - - - 3,378,421 10,343,560 33% Total Other 2,150,515 2,792,144 2,381,029 905,994 - - - - - - - - 8,229,682 27,116,578 30% Total Civil City 34,574,538 30,050,177 30,372,340 26,152,858 - - - - - - - - 121,149,912 526,994,259 23% Redevelopment Commission Controlled Funds Tax Increment Financing Funds TIF River West Development Area 324 3,078,219 2,056,444 1,374,515 4,833,854 - - - - - - - - 11,343,033 64,281,530 18% TIF West Washington 422 68,357 - - - - - - - - - - - 68,357 1,488,357 5% TIF River East Development Area 429 - 216,103 113,885 75,826 - - - - - - - - 405,815 10,792,446 4% TIF Southside Development #1 430 1,511,180 347,562 165,324 1,375,984 - - - - - - - - 3,400,051 11,536,262 29% TIF Douglas Road 435 - - - - - - - - - - - - - 74,175 0% TIF River East Residential Area 436 1,833 2,292,601 43,495 519,685 - - - - - - - - 2,857,613 7,156,989 40% Sub Total 4,659,589 4,912,711 1,697,219 6,805,349 - - - - - - - - 18,074,869 95,329,758 19% Redevelopment Funds Redevelopment General 433 404,626 17,720 25,659 34,060 - - - - - - - - 482,066 2,971,846 16% Certified Technology Park 439 - - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital 452 919,772 - - - - - - - - - - - 919,772 2,315,432 40% Airport Urban Enterprise Zone 454 - - - - - - - - - - - - - - NA Airport Urban Enterprise Zone 456 75,761 7,522,545 (64,642) (6,325,136) - - - - - - - - 1,208,528 20,831,723 6% Sub Total 1,400,159 7,540,265 (38,982) (6,291,076) - - - - - - - - 2,610,366 26,119,000 10% Debt Service Funds 2019 South Shore Double Tracking Res. 315 - - - - - - - - - - - - - 1,040,462 0% Airport 2003 Debt Reserve 328 - - - - - - - - - - - - - 1,739,495 0% SBCDA 2003 Debt Reserve 352 - 516,500 - - - - - - - - - - 516,500 1,033,625 50% 2020 TIF Library Bond Debt Reserve 353 - - - - - - - - - - - - - - NA Sub Total - 516,500 - - - - - - - - - - 516,500 3,813,582 14% Total Redevelopment Funds 6,059,748 12,969,476 1,658,237 514,274 - - - - - - - - 21,201,735 125,262,341 17% Total Expenditures 40,634,286 43,019,652 32,030,577 26,667,132 - - - - - - - - 142,351,647 652,256,599 22% Civil City Debt Capital Leases 182 2019 Vehicle/Equip Lease #1 2019 N/A 2024 Various Biannual 1,472,985 154,576 - 154,576 1,762 156,338 - 201 2020 Dell Computer Equipment Lease 4 2020 N/A 2024 279 Annual 33,000 7,039 - 7,039 504 7,543 - 202 2020 HP Computer Lease 22 2020 N/A 2024 279 Monthly 39,800 4,520 - 4,520 18 4,537 - 203 2020 VLocker Equipment Lease Purchase 2020 N/A 2025 201 Annual 86,961 36,228 - 13,361 765 14,126 22,866 205 2020 Dell Computer Equipment Lease 5 2020 N/A 2024 279 Annual 11,455 2,443 - 2,443 175 2,618 - 206 2020 HP Computer Lease 23 2020 N/A 2024 279 Monthly 29,652 5,159 - 5,159 52 5,211 - 209 2020 Vehicle/Equip Lease #1 2020 N/A 2025 Various Biannual 6,156,108 2,500,869 - 1,243,514 24,318 1,267,832 1,257,355 214 2021 Network Solutions Cisco Infrastructure Lease 2021 N/A 2025 279 Annual 900,000 348,630 - 172,387 7,799 180,186 176,243 216 2021 Dell Computer Equipment Lease 7 2021 N/A 2025 279 Annual 529,046 215,387 - 105,658 8,299 113,957 109,729 217 2021 Dell Computer Equipment Lease 8 2021 N/A 2024 279 Annual 214,222 54,542 - 54,542 2,131 56,672 - 218 2021 Vehicle/Equip Lease #1 2021 N/A 2026 Various Biannual 3,691,270 2,232,823 - 737,099 19,834 756,933 1,495,724 220 2022 IT Networking Equipment Lease 2022 N/A 2026 279 Annual 166,343 96,886 - 31,060 3,803 34,863 65,826 224 2022 Dell Computer Equipment Lease 9 2022 N/A 2025 279 Annual 202,985 101,098 - 48,318 9,337 57,654 52,780 225 2022 Vehicle/Equip Lease 2022 N/A 2027 Various Biannual 8,042,233 5,674,553 - 1,574,254 124,104 1,698,359 4,100,299 226 2022 Dell Computer Equipment Lease 10 2022 N/A 2025 279 Annual 40,567 20,229 - 9,743 1,543 11,286 10,486 228 2023 Dell Computer Equipment Lease 11 2023 N/A 2026 279 Annual 414,528 298,906 - 92,229 23,393 115,622 206,677 229 2023 Dell Computer Equipment Lease 12 2023 N/A 2027 279 Annual 14,136 11,108 - 2,634 394 3,028 8,475 230 2023 Vehicle/Equip Lease 2023 N/A 2028 Various Biannual 6,949,500 6,214,893 - 1,289,575 229,162 1,518,737 4,925,318 234 2024 Vehicle/Equip Lease 2024 N/A 2029 Various Biannual 10,159,750 10,159,750 - 1,092,594 22,253 1,114,847 9,067,156 Total Civil City Capital Lease Debt 39,154,540 28,139,638 - 6,640,704 479,646 7,120,350 21,498,934 2024 Additions 2024 Principal 2024 Interest City of South Bend Fiscal Year 2024 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2024 Total Debt Payments Debt at 12/31/24Pmts Amount Issued Debt at 1/1/24 2024 Additions 2024 Principal 2024 Interest City of South Bend Fiscal Year 2024 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2024 Total Debt Payments Debt at 12/31/24Pmts Amount Issued Debt at 1/1/24 Bonds 69 2009 Water Works Revenue Bonds, Series B 2009 2019 2030 625 Biannual 2,814,257 2,365,000 - 340,000 136,650 476,650 2,025,000 80 2020 Sewage Works Revenue Bonds Refunding 2010 2010 2020 2030 649 Biannual 4,830,000 3,465,000 - 440,000 138,600 578,600 3,025,000 99 2012 Water Works Revenue Bonds 2012 N/A 2033 625 Biannual 8,300,000 4,280,000 - 420,000 146,224 566,224 3,860,000 101 2012 Sewage Works Revenue Bonds 2012 N/A 2032 649 Biannual 25,000,000 12,985,000 - 1,260,000 328,580 1,588,580 11,725,000 105 2013A Sewage Works Refunding Revenue Bonds 2013 N/A 2024 649 Biannual 14,765,000 715,000 - 715,000 13,871 728,871 - 116 2013 Bldg Corp Mortgage Bonds (Fire St #5 & Training Tower) 2013 N/A 2033 755 Biannual 5,580,000 3,450,000 - 280,000 125,630 405,630 3,170,000 133 2014 St. Joseph County PSAP Revenue Bonds 2014 N/A 2034 408 Monthly 2,657,697 1,447,146 - 152,408 46,907 199,314 1,294,738 141 2015 Redev Authority Lease Rental Revenue Bonds (Parks) 2015 N/A 2035 757 Biannual 5,605,000 3,840,000 - 240,000 128,381 368,381 3,600,000 156 2016 Waterworks Refunding Bonds 2016 N/A 2027 625 Biannual 3,300,000 930,000 - 300,000 27,900 327,900 630,000 163 2017 Taxable Econ. Develop. Revenue Bonds (Eddy St Phase II) 2017 N/A 2037 760 Biannual 25,000,000 22,825,000 - 1,131,375 1,941,375 3,072,750 21,693,625 165 2017 Park District Bonds, Series 2017A-K 2017 N/A 2033 312 Biannual 14,075,000 9,650,000 - 890,000 287,990 1,177,990 8,760,000 168 2018 General Obligation Bonds (Fire St #9 & Training Classroom) 2018 N/A 2038 287 Biannual 5,045,000 3,975,000 - 220,000 121,331 341,331 3,755,000 175 2018 Econ. Develop. Revenue Bonds (Potawatomi Zoo) 2018 N/A 2034 408 Biannual 3,440,000 2,610,000 - 200,000 126,500 326,500 2,410,000 215 2021 Bldg Corp LIT Lease Rental Revenue Bonds (Infrastructure) 2021 N/A 2036 755 Biannual 7,610,000 6,725,000 - 405,000 235,300 640,300 6,320,000 219 2021 Sewage Works Refunding Revenue Bonds (Ref 2009 & 2011) 2021 N/A 2031 649 Biannual 12,450,000 9,995,000 - 1,200,000 337,350 1,537,350 8,795,000 221 2022 Morris Performing Arts Center Revenue Bonds 2022 N/A 2046 752 Biannual 6,395,000 6,100,000 - 190,000 183,125 373,125 5,910,000 222 2022 Economic Develop Revenue Bonds (Zoo Project) 2022 N/A 2042 755 Biannual 5,715,000 5,380,000 - 225,000 152,263 377,263 5,155,000 227 2023 RDA Lease Rental Revenue Bonds Series A (River West & River East)2023 N/A 2041 752 Biannual 29,155,000 29,155,000 - - 417,078 417,078 29,155,000 235 2023 Sewage Works Revenue Bonds 2023 N/A 2044 649 Biannual 32,150,000 32,150,000 - - 882,571 882,571 32,150,000 238 2024 Water Works Revenue Bonds (SRF) 2024 N/A 2045 625 Biannual 10,713,000 10,713,000 - - 5,318 5,318 10,713,000 Total Civil City Bond Debt 252,039,953 181,640,146 - 11,503,783 5,960,644 17,464,426 170,136,363 Interfund Loan - 84 2013 Major Moves-Triangle Development Interfund Loan 2011 2013 2029 436 Biannual 1,558,050 624,884 - 108,936 11,956 120,892 515,948 85 2013 Major Moves-Eddy Street Commons Interfund Loan 2011 2013 2026 436 Biannual 3,942,529 17,193 - 17,193 430 17,622 0 Total Civil City Interfund Loan Debt 5,500,579 642,076 - 126,129 12,386 138,514 515,948 Loan Payable - 68 2009 Water Works Improvements - State Revolving Fund 2009 N/A 2030 625 Biannual 427,400 170,517 - 26,373 5,746 32,119 144,144 139 2015 Century Center Energy QECB Conservation Bond 2015 N/A 2031 672 Biannual 4,167,897 2,781,851 - 309,315 84,073 393,388 2,472,536 Total Civil City Loan Payable Debt 4,595,297 2,952,368 - 335,688 89,819 425,507 2,616,680 Total Civil City Debt 301,290,369 213,374,228 - 18,606,303 6,542,494 25,148,797 194,767,925 Redevelopment Commission Debt Capital Leases 13 2006 Main/Colfax Garage - Transpo Lease (Parking Garage Purch) 2006 N/A 2025 324 Biannual 2,510,278 376,197 - 183,455 16,545 200,000 192,742 Total Redevelopment Capital Lease Debt 2,510,278 376,197 - 183,455 16,545 200,000 192,742 Revenue Bonds - 5 2011A Indiana Bond Bank Special Program Bonds (TIF A) 2003 2011 2024 324 Biannual 19,795,000 1,845,000 - 1,845,000 72,280 1,917,280 - 6 2011A Indiana Bond Bank Special Program Bonds (TIF B) 2003 2011 2024 324 Biannual 14,420,000 1,050,000 - 1,050,000 41,080 1,091,080 - 54 2015 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2015 2027 436 Biannual 36,000,000 19,765,000 - 1,750,000 718,231 2,468,231 18,015,000 62 2013 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2013 2026 324 Biannual 4,655,000 895,000 - 360,000 24,975 384,975 535,000 135 2015 Redev Authority Lease Rental Revenue Bonds (Smart Streets) 2015 N/A 2037 324 Biannual 25,000,000 18,450,000 - 1,120,000 584,744 1,704,744 17,330,000 169 2018 Redev District Revenue Bonds (Parks Improvements) 2018 N/A 2033 324 Biannual 11,995,000 8,140,000 - 755,000 238,575 993,575 7,385,000 200 2019 South Shore Double Tracking Bonds 2019 N/A 2030 324 Biannual 7,985,000 5,660,000 - 760,000 273,625 1,033,625 4,900,000 210 2020 TIF Library Bonds 2020 N/A 2037 324 Biannual 4,225,000 3,705,000 - 230,000 92,590 322,590 3,475,000 239 2024A RDA Lease Rental Revenue Bonds (Four Winds Field) 2024 N/A 2044 458 Biannual 44,860,000 44,860,000 - - - - 44,860,000 240 2024B RDA Taxable Lease Rental Revenue Bonds (Madison Lifestyle District)2024 N/A 2041 457 Biannual 24,480,000 24,480,000 - - - - 24,480,000 Total Redevelopment Revenue Bond Debt 193,415,000 128,850,000 - 7,870,000 2,046,100 9,916,100 120,980,000 Total Redevelopment Commission Debt 195,925,278 129,226,197 - 8,053,455 2,062,645 10,116,100 121,172,742 Total Debt 497,215,647 342,600,425 - 26,659,758 8,605,139 35,264,897 315,940,667 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 7 7 6 7 Community Police Review Board 1 1 1 1 1 City Clerk 4 4 5 4 4 Common Council 10 9 9 9 9 Controller's Office 19 21 21 21 21 Human Resources 7 7 7 7 7 Diversity & Inclusion 3 3 3 3 3 Human Rights 4 5 4 4 4 Legal Department 14 12 12 11 11 Engineering 29 24 24 24 24 Police Department 294 290 291 288 288 Police Crime Lab 7 8 8 8 8 Fire Department 256 238 247 244 242 EMS 4 4 4 3 4 660 633 643 633 633 - - - - - - - - 201 - Parks & Recreation Community Inititatives 8 9 10 10 9 Administration 5 4 4 4 5 Maintenance 44 44 43 44 43 Golf Courses 9 8 8 8 8 Recreational Experiences 11 11 11 11 10 Community Programming 16 9 6 6 9 Development & Promotions 10 7 8 9 7 103 92 90 92 91 - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 55 58 56 58 54 Curb & Sidewalk 8 7 7 7 7 63 65 63 65 61 - - - - - - - - 211 - Dept of Community Investment Operating Community Investment 26 30 30 29 32 Historic Preservation 2 1 1 1 1 Office of Sustainability 2 1 1 1 2 30 32 32 31 35 - - - - - - - - April 30, 2024 City of South Bend Staffing Headcount April 30, 2024 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 - 1 1 - - 222 - Central Services Equipment Services 31 26 28 27 27 Radio Shop 3 2 1 2 2 Building Maintenance 4 4 4 4 4 Facilities Management 1 1 1 1 1 39 33 34 34 34 230 - Code Enforcement Fund Neighborhood Services 38 18 17 15 18 Animal Resource Center 9 9 10 13 10 47 27 27 28 28 - - - - - - - - 258 - Human Rights Federal Grants EEOC 1 1 1 1 1 HUD 1 1 1 1 1 2 2 2 2 2 - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center 15 15 15 15 14 Innovation & Technology 32 29 30 31 32 47 44 45 46 46 - - - - - - - - 600 - Consolidated Building Fund Building Department 16 15 16 16 16 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 8 7 7 7 7 610 - Solid Waste Solid Waste 25 25 25 25 25 620 - Water Works Water Works 69 60 60 60 60 640 - Sewer Insurance Sewer Repair 2 2 2 2 2 City of South Bend Staffing Headcount April 30, 2024 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 641 - Sewage Works Sewers 35 30 31 31 31 Concrete Crew 4 5 5 4 4 Wastewater 45 42 41 43 44 Organic Resources 7 6 7 8 8 91 83 84 86 87 - - - - - - - - 670 - Century Center Century Center 7 4 4 5 5 Total Full-Time Employees by Fund 1,209 1,125 1,135 1,132 1,132 - - - - - - - - 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 7 7 6 7 - - - - - - - - City Clerk 4 4 5 4 4 - - - - - - - - Community Police Review Board 1 1 1 1 1 - - - - - - - - Common Council 10 9 9 9 9 - - - - - - - - Controller's Office 19 21 21 21 21 - - - - - - - - Human Resources 7 7 7 7 7 - - - - - - - - Diversity & Inclusion 3 3 3 3 3 - - - - - - - - Human Rights 6 7 6 6 6 - - - - - - - - Legal Department 14 12 12 11 11 - - - - - - - - Central Services 39 33 34 34 34 - - - - - - - - 111 104 105 102 103 - - - - - - - - Public Works Engineering 29 24 24 24 24 - - - - - - - - Streets & Sewers 104 102 101 102 98 - - - - - - - - Solid Waste 25 25 25 25 25 - - - - - - - - Wastewater 45 42 41 43 44 - - - - - - - - Organic Resources 7 6 7 8 8 - - - - - - - - Water Works 69 60 60 60 60 - - - - - - - - 279 259 258 262 259 - - - - - - - - City of South Bend Staffing Headcount April 30, 2024 Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Public Safety Police - Sworn Officers 232 244 244 244 242 Police - Civilians 43 47 48 45 47 Police - Police Recruit 8 7 7 7 7 Fire/EMS - Sworn Firefighters 256 236 235 232 230 Fire/EMS - Civilians 7 6 7 6 7 Fire/EMS - Fire Recruits 3 - 9 9 9 549 540 550 543 542 - - - - - - - - Venues, Parks & Arts Parks & Recreation 103 92 90 92 91 - - - - - - - - Morris Performing Arts Center 8 7 7 7 7 - - - - - - - - Century Center 7 4 4 5 5 - - - - - - - - 118 103 101 104 103 - - - - - - - - Department of Community Investment Community Investment 28 31 31 30 33 - - - - - - - - Office of Sustainability 2 1 1 1 2 - - - - - - - - Neighborhood Services 38 19 18 15 18 - - - - - - - - Animal Resource Center 9 9 10 13 10 - - - - - - - - Building Department 16 15 16 16 16 - - - - - - - - 93 75 76 75 79 - - - - - - - - Department of Innovation & Technology 47 44 45 46 46 - - - - - - - - Total Full-Time Employees by Activity 1,197 1,125 1,135 1,132 1,132 - - - - - - - - City of South Bend Staffing Headcount April 30, 2024 Part-Time Staffing Summary by Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Human Rights - - - 1 Engineering 1 1 1 1 Police Department 22 24 23 23 Police Crime Lab - - 1 1 Fire Department 1 1 1 1 24 26 26 27 - - - - - - - - 201 - Parks & Recreation Commmunity Initiatives 6 6 9 9 Maintenance 15 14 14 24 Golf Courses 56 55 54 56 Recreational Experiences 25 25 24 25 Community Programming 8 7 7 7 Development & Promotions - - - - 110 107 108 121 - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 7 7 7 7 Curb & Sidewalk 1 1 1 1 8 8 8 8 - - - - - - - - 211 - Department of Community Investment Community Investment - - - - - - - - - - - - Historic Preservation - - - - - - - - - - - - - - - - - - - - - - - - 222 - Central Services Equipment Services 1 1 1 1 Radio Shop Building Maintenance 1 1 1 1 - - - - - - - - 230 - Code Enforcement Fund Animal Resource Center 1 2 2 2 1 2 2 2 - - - - - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 23 23 23 23 641 - Sewage Works Sewers 4 3 3 3 670 - Century Center Century Center 2 2 2 2 Total Part-Time Employees by Fund 173 172 173 187 - - - - - - - - City of South Bend Staffing Headcount April 30, 2024 Paid Temporary, Seasonal, and Intern Staffing Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 6 6 6 7 City Clerk - - - - Common Council - - - - Engineering - - - - 6 6 6 7 - - - - - - - - 201 - Parks & Recreation Administration - - - - Maintenance 16 16 16 17 Golf Courses 5 5 3 3 Recreational Experiences 95 95 93 71 Development & Promotions - - - - 116 116 112 91 - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 1 1 1 1 Curb & Sidewalk - - - - 1 1 1 1 - - - - - - - - 230 - Code Enforcement Fund Neighborhood Services - - - - - - - - - - - - Animal Resource Center - - - - - - - - - - - - - - - - - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center - - - - Innovation & Technology 1 1 1 1 1 1 1 1 - - - - - - - - 600 - Consolidated Building Fund Building Department - - - - - - - - - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center - - - - - - - - - - - - 610 - Solid Waste Solid Waste - - - - - - - - - - - - 620 - Water Works Water Works - - - - - - - - - - - - 640 - Sewer Insurance Sewer Repair - - - - - - - - - - - - City of South Bend Staffing Headcount April 30, 2024 641 - Sewage Works Sewers 1 1 - - Concrete Crew - - - - Wastewater - - - - Organic Resources - - - - 1 1 - - - - - - - - - - 655 - Project ReLeaf Leaf Pickup 1 1 1 1 Total Paid Temporary, Seasonal, and Intern Staff 126 126 121 101 - - - - - - - - Staffing Summary Budget Full- Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Full Time Staff 1,209 1,125 1,135 1,132 1,132 - - - - - - - - Part Time Staff 173 172 173 187 - - - - - - - - Temporary / Seasonal 126 126 121 101 - - - - - - - - City Total 1,209 1,424 1,433 1,426 1,420 - - - - - - - - City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 43,659,873 45,635,698 48,636,181 51,388,740 51,388,740 - - 51,388,740 0% Local Income Taxes - - 14,189,571 12,554,287 12,554,287 4,184,762 4,184,762 8,369,525 33% Intergov./ Shared Revenues 4,251,806 2,186,019 4,032,969 4,198,874 4,198,874 164,266 164,266 4,034,608 4% Intergov./ Grants 1,482,045 - - - - - - - - Licenses & Permits 258,054 319,288 219,971 295,607 295,607 126,086 126,086 169,520 43% Charges for Services 5,286,199 4,838,529 5,630,413 4,350,903 4,350,903 2,299,011 2,299,011 2,051,892 53% Fines, Forfeitures, and Fees 6,235 4,911 9,045 8,000 8,000 4,232 4,232 3,768 53% Interest Earnings 290,597 576,610 2,940,561 1,045,310 1,075,188 951,232 951,232 123,955 88% Donations 1,769,377 1,358,100 1,726,912 1,392,500 1,392,500 - - 1,392,500 0% Other Income 1,238,059 1,352,986 1,400,222 1,296,920 1,296,920 378,355 378,355 918,565 29% Interfund Allocation Reimb 9,896,054 10,544,420 10,597,451 11,206,787 11,206,787 3,735,596 3,735,596 7,471,191 33% Interfund Transfers In 2,727,079 - 13,865,143 575,000 3,878,608 191,667 191,667 3,686,942 5% PILOT 6,154,321 6,079,325 6,095,594 6,024,186 6,024,186 3,012,093 3,012,093 3,012,093 50% Debt Proceedings - - 1,827,500 2,176,000 2,176,000 - - 2,176,000 0% Total Revenue 77,019,698 72,895,886 111,171,535 96,513,114 99,846,600 15,047,300 - 15,047,300 84,799,299 15% Expenditures by Subdivisions Mayor 990,182 993,329 970,586 1,193,725 1,197,172 349,702 194 349,896 847,276 29% Community Initiatives 857,425 1,310,361 - - - - - - - - Community Police Review Office 27,206 - 58,461 100,155 100,155 33,889 - 33,889 66,266 34% City Clerk 633,713 588,712 550,428 672,304 610,854 177,231 1,895 179,126 431,728 29% Common Council 593,820 552,768 650,968 853,936 931,451 167,303 2,294 169,597 761,854 18% Youth Council - - - - 12,000 1,930 - 1,930 10,070 16% General City 4,991,093 8,855,411 11,084,877 1,391,125 31,423,899 3,760,554 6,955,882 10,716,437 20,707,462 34% Finance 2,111,012 2,138,651 2,594,482 3,264,508 3,296,011 862,293 251,571 1,113,864 2,182,147 34% Human Resources 651,325 623,506 774,441 940,483 939,251 296,462 - 296,462 642,790 32% Diversity & Inclusion 546,687 431,572 402,397 657,817 752,583 175,418 81,875 257,293 495,290 34% Human Rights General 295,679 392,895 325,254 478,419 596,497 140,563 22,165 162,728 433,769 27% Legal Dept 1,399,494 1,474,439 1,581,443 2,004,061 2,060,312 592,161 18,327 610,488 1,449,824 30% Police General 30,031,479 9,084,025 40,788,073 44,773,849 45,832,381 14,506,025 1,599,096 16,105,122 29,727,259 35% Crime Lab 628,676 206,430 837,475 959,994 960,068 302,028 888 302,916 657,151 32% Police Other - - - - - - - - - - Fire General 26,373,821 5,925,780 29,914,764 30,953,806 31,480,362 10,162,477 557,647 10,720,124 20,760,239 34% EMS 710,778 399,302 636,009 740,928 773,498 244,003 74,350 318,352 455,145 41% Fire Training Center 32,253 54,797 71,739 64,500 80,725 40,483 8,462 48,945 31,780 61% Park Administration - - 5,372,562 6,000,000 6,000,000 2,000,000 - 2,000,000 4,000,000 33% Park Maintenance - - 1,891,368 1,839,028 2,226,831 396,432 1,829,889 2,226,320 510 100% Repairs & Maint-Other R&M - - 48,047 - 7,967 7,939 28 7,967 - 100% Morris PAC 1,106,303 643,333 184 - - - - - - - Palais Royale 149,547 177,972 182,642 234,841 235,098 66,303 1,410 67,713 167,384 29% Engineering 3,123,492 2,951,893 3,409,584 4,615,002 4,769,887 1,294,548 142,158 1,436,706 3,333,180 30% Sustainability 90,441 67,037 - - 33,000 - 33,000 33,000 - 100% AmeriCorps 222,663 - - - - - - - - - Streets & Sewers - - 3,437,500 5,500,000 5,500,000 1,833,333 - 1,833,333 3,666,667 33% Curb & Sidewalk - - 1,375,000 1,600,000 1,600,000 533,333 - 533,333 1,066,667 33% Street Signals and Lighting - - 1,314,108 - - 460,717 - 460,717 (460,717) - Total Expenditures 75,567,091 36,872,214 108,272,391 108,838,482 141,420,000 38,405,127 11,581,131 49,986,259 91,433,741 35% Expenditures by Type Personnel Salaries & Wages 39,390,302 6,584,533 43,911,983 46,099,167 46,322,568 14,926,369 - 14,926,369 31,396,200 32% Fringe Benefits 13,920,158 2,090,570 17,059,311 21,423,742 21,467,420 6,201,703 525 6,202,228 15,265,193 29% Other Personnel Costs - - - - - - - - - - Total Personnel 53,310,460 8,675,103 60,971,294 67,522,909 67,789,989 21,128,071 525 21,128,596 46,661,393 31% Supplies 2,033,958 2,675,311 2,708,357 3,052,084 3,470,353 1,191,559 473,758 1,665,317 1,805,036 48% Services & Charges Professional Services 1,811,607 1,907,475 2,667,148 2,357,135 2,781,454 483,495 653,999 1,137,494 1,643,961 41% Printing & Advertising 188,451 342,749 205,374 329,453 353,726 52,060 14,082 66,141 287,585 19% Utilities 654,363 591,906 1,895,474 646,538 646,538 656,710 - 656,710 (10,172) 102% Repairs & Maintenance 1,951,940 3,151,159 3,632,029 2,898,719 3,060,466 1,278,966 207,702 1,486,668 1,573,797 49% Education & Training 186,351 236,499 220,293 342,000 319,982 99,043 101,596 200,640 119,342 63% Travel 25,843 53,075 102,967 108,000 157,421 45,871 49,205 95,076 62,346 60% Grants & Subsidies 390,075 5,450,680 7,117,846 746,451 14,073,241 986,447 4,571,728 5,558,175 8,515,066 39% Other Services & Charges 597,714 2,172,804 4,264,407 2,947,035 7,201,952 1,508,844 3,222,424 4,731,268 2,470,684 66% Debt Service Principal 145,798 - 193,179 1,782,196 1,782,196 193,179 - 193,179 1,589,017 11% Debt Service Interest & Fees 1,667 - 6,512 146,498 146,498 6,512 - 6,512 139,987 4% Total Services & Charges 5,953,810 13,906,347 20,305,229 12,304,025 30,523,474 5,311,126 8,820,735 14,131,861 16,391,613 46% Operating Expenditures 61,298,229 25,256,761 83,984,880 82,879,018 101,783,815 27,630,756 9,295,018 36,925,774 64,858,042 36% Capital - 181,068 3,571,224 2,226,000 15,706,062 2,778,438 2,286,113 5,064,552 10,641,510 32% Bad Debt 649 930 1,016 300 300 914 - 914 (614) 305% Interfund Interfund Allocations 9,320,120 9,701,661 9,662,209 10,633,164 10,829,618 3,628,353 - 3,628,353 7,201,265 34% Interfund Transfers Out 4,948,093 1,731,794 11,053,062 13,100,000 13,100,206 4,366,667 - 4,366,667 8,733,539 33% Total Interfund 14,268,213 11,433,455 20,715,271 23,733,164 23,929,823 7,995,019 - 7,995,019 15,934,804 33% Total Expenditures 75,567,091 36,872,214 108,272,391 108,838,482 141,420,000 38,405,127 11,581,131 49,986,259 91,433,742 35% Net Surplus / (Deficit) 1,452,607 36,023,672 2,899,144 (12,325,368) (41,573,401) (23,357,827) (34,938,959) Beginning Cash Balance 54,208,073 53,544,921 54,208,073 54,208,073 Cash Adjustments (2,115,759) (35,360,520) 34,304,235 - Ending Cash Balance 53,544,921 54,208,073 91,411,452 12,634,673 70,642,945 Cash Reserves Target 37,783,545 18,436,107 54,136,195 70,710,000 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 50% of Annual expenditures City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Dept/Division Mayor 990,182 993,329 970,586 1,193,725 1,197,172 349,702 194 349,896 847,276 29% Community Initiatives 857,425 1,310,361 - - - - - - - - Community Police Review Office 27,206 - 58,461 100,155 100,155 33,889 - 33,889 66,266 34% City Clerk 633,713 588,712 550,428 672,304 610,854 177,231 1,895 179,126 431,728 29% Common Council 593,820 552,768 650,968 853,936 931,451 167,303 2,294 169,597 761,854 18% Youth Council - - - - 12,000 1,930 - 1,930 10,070 16% General City 4,991,093 3,907,318 2,272,466 1,391,125 10,717,680 1,643,304 227,571 1,870,875 8,846,805 17% American Rescue Plan - 4,948,093 8,812,411 - 20,706,219 2,117,250 6,728,311 8,845,561 11,860,657 43% Finance 2,111,012 2,138,651 2,594,482 3,264,508 3,296,011 862,293 251,571 1,113,864 2,182,147 34% Human Resources 651,325 623,506 774,441 940,483 939,251 296,462 - 296,462 642,790 32% Diversity & Inclusion 546,687 431,572 402,397 657,817 752,583 175,418 81,875 257,293 495,290 34% Human Rights General 295,679 392,895 325,254 478,419 596,497 140,563 22,165 162,728 433,769 27% Legal Dept 1,399,494 1,474,439 1,581,443 2,004,061 2,060,312 592,161 18,327 610,488 1,449,824 30% Police General 30,031,479 9,084,025 40,788,073 44,773,849 45,832,381 14,506,025 1,599,096 16,105,122 29,727,259 35% Crime Lab 628,676 206,430 837,475 959,994 960,068 302,028 888 302,916 657,151 32% Police Other - - - - - - - - - - Fire General 26,373,821 5,925,780 29,914,764 30,953,806 31,480,362 10,162,477 557,647 10,720,124 20,760,239 34% EMS 710,778 399,302 636,009 740,928 773,498 244,003 74,350 318,352 455,145 41% Fire Training Center 32,253 54,797 71,739 64,500 80,725 40,483 8,462 48,945 31,780 61% Park Administration - - 5,372,562 6,000,000 6,000,000 2,000,000 - 2,000,000 4,000,000 33% Park Maintenance - - 1,891,368 1,839,028 2,226,831 396,432 1,829,889 2,226,320 510 100% Repairs & Maint-Other R&M - - 48,047 - 7,967 7,939 28 7,967 - 100% Morris PAC 1,106,303 643,333 184 - - - - - - - Palais Royale 149,547 177,972 182,642 234,841 235,098 66,303 1,410 67,713 167,384 29% Engineering 3,123,492 2,951,893 3,409,584 4,615,002 4,769,887 1,294,548 142,158 1,436,706 3,333,180 30% Sustainability 90,441 67,037 - - 33,000 - 33,000 33,000 - 100% AmeriCorps 222,663 - - - - - - - - - Streets & Sewers - - 3,437,500 5,500,000 5,500,000 1,833,333 - 1,833,333 3,666,667 33% Curb & Sidewalk - - 1,375,000 1,600,000 1,600,000 533,333 - 533,333 1,066,667 33% Street Signals and Lighting - - 1,314,108 - - 460,717 - 460,717 (460,717) - - - - - - - - - - - Total Expenditures 75,567,091 36,872,214 108,272,391 108,838,482 141,420,000 38,405,127 11,581,131 49,986,259 91,433,741 35% NOTE: For more detail, see department and division summary pages that follow. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name Mayor's Office Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 577,992 605,133 565,832 683,897 683,897 201,362 - 201,362 482,535 29% Fringe Benefits 205,069 203,482 187,410 258,254 258,254 61,880 - 61,880 196,374 24% Total Personnel 783,061 808,615 753,241 942,151 942,151 263,242 - 263,242 678,909 28% Supplies 3,888 2,706 3,655 5,500 5,589 1,085 194 1,279 4,310 23% Services & Charges Professional Services - - 6,946 7,000 7,000 527 - 527 6,473 8% Printing & Advertising 43,385 36,431 42,991 46,500 49,773 22,391 - 22,391 27,382 45% Repairs & Maintenance 650 33 - 300 300 - - - 300 0% Education & Training 171 25 1,477 1,000 1,084 275 - 275 809 25% Travel - 474 1,706 5,000 5,000 - - - 5,000 0% Other Services & Charges 1,110 9,304 1,522 1,700 1,700 378 - 378 1,322 22% Total Services & Charges 45,316 46,268 54,642 61,500 64,857 23,571 - 23,571 41,286 36% Operating Expenditures 832,264 857,588 811,538 1,009,151 1,012,598 287,898 194 288,092 724,505 28% Interfund Allocations 157,918 135,741 159,047 184,574 184,574 61,804 - 61,804 122,770 33% Total Expenditures 990,182 993,329 970,586 1,193,725 1,197,172 349,702 194 349,896 847,275 29% Department Purpose: Explanation of Revenue Sources: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Community Initiatives Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 218,129 289,438 - - - - - - - - Fringe Benefits 91,386 123,535 - - - - - - - - Total Personnel 309,515 412,973 - - - - - - - - Supplies - - - - - - - - - - Services & Charges Professional Services 210,500 351,000 - - - - - - - - Printing & Advertising 1,410 9,331 - - - - - - - - Education & Training - 38,737 - - - - - - - - Travel - 1,775 - - - - - - - - Grant & Subsidies 336,000 461,250 - - - - - - - - Other Services & Charges - 143 - - - - - - - - Total Services & Charges 547,910 862,236 - - - - - - - - Operating Expenditures 857,425 1,275,209 - - - - - - - - Interfund Allocations - 35,152 - - - - - - - - Total Expenditures 857,425 1,310,361 - - - - - - - - Division Purpose: Explanation of Revenue Sources: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Community Police Review Office Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 21,250 - 42,244 70,683 70,683 24,388 - 24,388 46,295 35% Fringe Benefits 5,956 - 16,101 29,472 29,472 9,429 - 9,429 20,043 32% Total Personnel 27,206 - 58,345 100,155 100,155 33,818 - 33,818 66,338 34% Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Machinery & Equipment - - 116 - - 71 - 71 (71) - Total Services & Charges - - 116 - - 71 - 71 (71) - Total Expenditures 27,206 - 58,461 100,155 100,155 33,889 - 33,889 66,267 34% 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name City Clerk Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 288,911 283,741 274,552 330,520 278,332 95,644 - 95,644 182,688 34% Fringe Benefits 113,731 89,875 78,663 144,751 118,848 31,756 - 31,756 87,092 27% Total Personnel 402,642 373,617 353,215 475,271 397,180 127,400 - 127,400 269,780 32% Supplies 8,089 4,316 9,689 9,500 9,500 4,083 - 4,083 5,417 43% Services & Charges Professional Services 15,066 18,448 3,763 30,000 45,000 2,556 - 2,556 42,444 6% Printing & Advertising 23,705 20,366 39,458 28,500 30,141 6,225 1,020 7,245 22,897 24% Repairs & Maintenance 6,400 8,778 1,746 5,000 5,000 656 875 1,531 3,469 31% Education & Training 14,250 2,296 3,547 7,500 7,500 150 - 150 7,350 2% Travel - - 4,565 7,000 7,000 - - - 7,000 0% Other Services & Charges 7,635 5,916 8,293 7,500 7,500 1,992 - 1,992 5,508 27% Bad Debt Expense - 100 (100) - - - - - - - Total Services & Charges 67,056 55,903 61,271 85,500 102,141 11,579 1,895 13,474 88,668 13% Operating Expenditures 477,787 433,836 424,175 570,271 508,822 143,062 1,895 144,958 363,865 28% Interfund Allocations 155,926 154,876 126,253 102,033 102,033 34,168 - 34,168 67,864 33% Total Expenditures 633,713 588,712 550,428 672,304 610,854 177,231 1,895 179,126 431,729 29% 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name Common Council Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 182,138 203,103 205,665 304,597 362,597 67,779 - 67,779 294,818 19% Fringe Benefits 95,359 106,163 115,052 214,179 241,203 31,878 - 31,878 209,325 13% Total Personnel 277,497 309,265 320,717 518,776 603,800 99,658 - 99,658 504,143 17% Supplies 1,894 2,496 1,893 2,500 2,590 1,749 90 1,839 751 71% Services & Charges Professional Services 193,211 166,913 230,653 207,000 199,000 34,632 - 34,632 164,368 17% Printing & Advertising 35,048 9,466 15,405 25,000 25,400 4,628 1,200 5,828 19,572 23% Repairs & Maintenance 24,584 7,340 7,240 5,000 5,000 858 875 1,733 3,267 35% Education & Training 599 1,557 2,961 7,500 7,500 876 129 1,005 6,495 13% Travel 1,334 4,618 15,508 15,000 15,000 1,413 - 1,413 13,587 9% Other Services & Charges 4,714 7,583 5,392 10,300 10,300 2,316 - 2,316 7,984 22% Total Services & Charges 259,491 197,477 277,159 269,800 262,200 44,723 2,204 46,927 215,273 18% Operating Expenditures 538,882 509,239 599,769 791,076 868,590 146,130 2,294 148,424 720,167 17% Interfund Allocations 54,938 43,529 51,198 62,861 62,861 21,173 - 21,173 41,687 34% Total Expenditures 593,820 552,768 650,968 853,936 931,451 167,303 2,294 169,597 761,854 18% Purpose: Explanation of Revenue Sources: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Controller's Office Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,321,367 1,238,276 1,449,697 1,697,019 1,697,019 532,531 - 532,531 1,164,488 31% Fringe Benefits 464,963 430,563 499,994 696,473 696,473 188,852 - 188,852 507,621 27% Total Personnel 1,786,330 1,668,839 1,949,691 2,393,492 2,393,492 721,384 - 721,384 1,672,109 30% Supplies 8,804 8,278 11,893 17,052 17,059 2,862 - 2,862 14,197 17% Services & Charges Professional Services 92,490 257,437 345,764 490,000 522,380 11,037 245,096 256,133 266,247 49% Printing & Advertising 4,914 2,184 2,860 3,000 3,000 714 - 714 2,286 24% Repairs & Maintenance 225 202 7,857 2,500 1,268 540 - 540 728 43% Education & Training 4,235 1,504 3,583 15,000 15,349 6,945 3,591 10,536 4,813 69% Travel 1,300 1,784 1,019 9,000 9,000 3,873 2,426 6,299 2,701 70% Other Services & Charges 19,228 18,030 15,313 11,585 11,585 6,345 458 6,802 4,783 59% Total Services & Charges 122,391 281,141 376,395 531,085 562,582 29,453 251,571 281,024 281,558 50% Operating Expenditures 1,917,524 1,958,259 2,337,978 2,941,629 2,973,133 753,699 251,571 1,005,270 1,967,864 34% Bad Debt 55 - - - - - - - - - Interfund Allocations 193,433 180,392 256,504 322,879 322,879 108,594 - 108,594 214,285 34% Total Expenditures 2,111,012 2,138,651 2,594,482 3,264,508 3,296,011 862,293 251,571 1,113,864 2,182,149 34% 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Human Resources Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 400,053 348,620 456,149 520,204 520,204 171,430 - 171,430 348,774 33% Fringe Benefits 148,223 120,229 166,913 213,926 213,926 63,508 - 63,508 150,418 30% Total Personnel 548,276 468,849 623,062 734,130 734,130 234,938 - 234,938 499,192 32% Supplies 2,165 7,263 8,124 17,000 17,000 3,322 - 3,322 13,678 20% Services & Charges Professional Services - 315 2,115 - 5,000 130 - 130 4,871 3% Printing & Advertising 287 1,668 3,487 4,500 4,500 - - - 4,500 0% Repairs & Maintenance 150 450 1,120 - 140 140 - 140 - 100% Education & Training 1,361 14,363 10,198 35,000 28,628 6,625 - 6,625 22,003 23% Travel - 2,507 4,109 6,000 6,000 2,042 - 2,042 3,958 34% Other Services & Charges 1,609 3,681 4,206 6,500 6,500 3,138 - 3,138 3,362 48% Total Services & Charges 3,407 22,984 25,234 52,000 50,768 12,074 - 12,074 38,694 24% Operating Expenditures 553,847 499,096 656,421 803,130 801,898 250,335 - 250,335 551,564 31% Interfund Allocations 97,478 124,410 118,020 137,353 137,353 46,127 - 46,127 91,226 34% Total Expenditures 651,325 623,506 774,441 940,483 939,251 296,462 - 296,462 642,790 32% Division Purpose: Explanation of Revenue Sources: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Diversity & Inclusion Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 206,014 150,127 165,019 251,412 251,412 77,829 - 77,829 173,583 31% Fringe Benefits 64,933 36,526 47,264 92,401 92,401 28,661 - 28,661 63,740 31% Total Personnel 270,948 186,653 212,283 343,813 343,813 106,491 - 106,491 237,323 31% Supplies 1,486 389 1,854 1,000 1,000 323 - 323 677 32% Services & Charges Professional Services 194,734 156,689 50,000 80,000 147,858 20,188 47,671 67,858 80,000 46% Printing & Advertising 1,581 1,960 14,834 8,500 21,651 2,626 5,240 7,866 13,785 36% Repairs & Maintenance - - - - - - - - - - Education & Training 10,780 595 14,297 100,000 74,431 108 18,392 18,500 55,931 25% Travel - 1,862 8,129 10,000 48,326 9,000 10,573 19,572 28,753 41% Other Services & Charges 3,755 1,155 50 6,000 7,000 309 - 309 6,691 4% Machinery & Equipment - - - - - - - - - - Total Services & Charges 210,850 162,261 87,309 204,500 299,266 32,231 81,875 114,106 185,160 38% Operating Expenditures 483,283 349,303 301,446 549,313 644,079 139,044 81,875 220,920 423,160 34% Interfund Allocations 63,404 82,269 100,951 108,504 108,504 36,373 - 36,373 72,130 34% Total Expenditures 546,687 431,572 402,397 657,817 752,583 175,418 81,875 257,293 495,290 34% Revenue Charges for Services - - - - - - - - - Other Income 500 - - - - - - - - Donations - - - - - - - - - Total Revenue 500 - - - - - - - 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Human Rights Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 135,895 196,677 141,006 224,974 305,996 75,907 - 75,907 230,089 25% Fringe Benefits 55,005 68,742 46,554 104,296 135,763 27,454 - 27,454 108,309 20% Total Personnel 190,901 265,418 187,560 329,270 441,759 103,362 - 103,362 338,398 23% Supplies 969 1,980 2,497 3,000 3,000 2,077 258 2,335 665 78% Services & Charges Professional Services 3,538 - 1,079 3,500 3,500 - - - 3,500 0% Printing & Advertising 407 23,554 2,740 13,500 13,500 174 225 399 13,101 3% Repairs & Maintenance 8,151 7,982 6,972 10,000 10,000 2,533 3,015 5,548 4,452 55% Education & Training - 1,681 3,496 5,000 5,084 - - - 5,084 0% Travel - - 12,885 - 2,148 - - - 2,148 0% Other Services & Charges 45,538 44,960 51,739 57,500 60,856 13,336 18,667 32,003 28,853 53% Total Services & Charges 57,634 78,178 78,910 89,500 95,088 16,044 21,907 37,950 57,138 40% Operating Expenditures 249,504 345,576 268,968 421,770 539,847 121,482 22,165 143,647 396,201 27% Interfund Allocations 46,175 47,319 56,286 56,649 56,649 19,081 - 19,081 37,568 34% Total Expenditures 295,679 392,895 325,254 478,419 596,497 140,563 22,165 162,728 433,769 27% Revenue Other Income 30,049 30,659 30,000 30,000 30,000 - - 30,000 0% Total Revenue 30,049 30,659 30,000 30,000 30,000 - - 30,000 0% 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 2022, 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name Legal Department Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 895,492 952,878 1,042,113 1,225,209 1,225,209 365,748 - 365,748 859,461 30% Fringe Benefits 291,446 307,331 338,313 436,669 436,669 107,438 - 107,438 329,230 25% Total Personnel 1,186,938 1,260,209 1,380,426 1,661,878 1,661,878 473,186 - 473,186 1,188,691 28% Supplies 1,515 4,919 3,312 5,000 8,550 4,203 23 4,226 4,324 49% Services & Charges Professional Services 9,384 3,780 884 10,000 15,175 5,175 - 5,175 10,000 34% Other Professional Services - - 30 - - - - - - - Printing & Advertising 252 170 - 1,000 1,000 - - - 1,000 0% Repairs & Maintenance 1,000 - - 700 700 - - - 700 0% Education & Training 7,108 9,450 17,518 16,000 16,337 1,521 1,125 2,646 13,692 16% Travel - 2,583 3,057 10,500 10,500 1,955 2,567 4,522 5,978 43% Other Services & Charges 18,408 21,798 38,271 26,600 73,788 14,805 14,612 29,418 44,371 40% Total Services & Charges 36,152 37,781 59,761 64,800 117,501 23,456 18,304 41,760 75,741 36% Operating Expenditures 1,224,605 1,302,909 1,443,500 1,731,678 1,787,928 500,845 18,327 519,172 1,268,756 29% Bad Debt - - - - - - - - - - Interfund Allocations 174,889 171,530 137,943 272,384 272,384 91,316 - 91,316 181,068 34% Total Expenditures 1,399,494 1,474,439 1,581,443 2,004,061 2,060,312 592,161 18,327 610,488 1,449,824 30% Revenue Charges for Services 91,343 93,627 96,436 99,329 99,329 - - 99,329 0% Other Income - 794 153 - - - - - - Interfund Allocation Reimb - - - - - - - - - Total Revenue 91,343 94,421 96,589 99,329 99,329 - - 99,329 0% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Legal Department provides quality legal representation to the City of South Bend’s Mayor, departments, commissions and agencies with a dedicated and professionally-skilled staff, efficiently and cost effectively, in furtherance of the City’s strategic goals, and preserving the legal and ethical integrity of the City. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. This department also collects revenue for legal services provided to the South Bend Redevelopment Commission. The Interfund Allocation Reimbursement was a transfer from the Liability Insurance Fund (#226) to reimburse the Legal Dept for 50% of personnel costs for Assistant City Attorney. In 2021, the allocation was discontinued as the position was already covered by the administrative cost allocation. Personnel - The personnel budget includes the wages and benefits for twelve (12) full-time employees, one part-time employee, and $25k for interns. From 2020 to 2021, the personnel budget increased as one (1) full-time Paralegal position was transferred from the Liability Insurance Fund (#226) to the Legal Department's budget in the General Fund (#101). This position is under the Legal Department but was historically budgeted in Fund #226 because the position focuses on liability and workers' comp related matters. | Supplies - The supplies budget includes general office supplies. | Services - Education & training includes funding for professional development and continuing education for the attorneys. Other charges & services includes dues & memberships with professional associations, postage, and subscriptions to legal research sources. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Engineering Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,731,698 1,734,557 1,910,499 2,392,126 2,392,126 693,845 - 693,845 1,698,281 29% Fringe Benefits 592,477 603,160 630,786 925,462 925,987 227,897 525 228,422 697,565 25% Total Personnel 2,324,174 2,337,717 2,541,285 3,317,588 3,318,113 921,742 525 922,267 2,395,846 28% Supplies 7,128 11,798 141,529 226,472 295,777 53,496 19,074 72,569 223,208 25% Services & Charges Professional Services 192,618 81,144 148,601 271,635 352,355 35,919 111,604 147,524 204,832 42% Printing & Advertising 5,897 6,215 5,697 8,953 10,255 2,109 1,834 3,943 6,313 38% Repairs & Maintenance 5,931 5,623 4,649 27,700 27,700 1,810 - 1,810 25,890 7% Education & Training 1,157 33,980 23,536 21,000 22,282 8,088 5,685 13,774 8,509 62% Travel 3,986 7,452 9,885 15,250 16,290 4,445 3,076 7,521 8,769 46% Other Services & Charges 11,024 8,069 61,175 96,470 97,180 55,745 360 56,105 41,075 58% Debt Service Principal 4,493 - - - - - - - - - Debt Service Interest & Fees 51 - - - - - - - - - Capital Outlay - - 29,380 - - - - - - - Total Services & Charges 225,158 142,483 282,923 441,008 526,063 108,116 122,560 230,675 295,388 44% Operating Expenditures 2,556,460 2,491,997 2,965,737 3,985,069 4,139,953 1,083,354 142,158 1,225,512 2,914,442 30% Bad Debt - - - - - 25 - 25 (25) - Interfund Allocations 567,032 459,896 443,847 629,933 629,933 211,170 - 211,170 418,764 34% Total Expenditures 3,123,492 2,951,893 3,409,584 4,615,002 4,769,887 1,294,548 142,158 1,436,706 3,333,181 30% Revenue Licenses & Permits 122,575 177,070 82,125 155,582 155,582 34,830 34,830 120,752 22% Charges for Services 192,000 196,000 198,000 201,960 201,960 50,490 50,490 151,470 25% Fines - 24 - - - 12 12 (12) - Other Income 6,401 12,317 19,868 8,000 8,000 12,765 12,765 (4,765) 160% Interfund Allocation Reimb 1,449,233 1,514,420 1,567,451 1,685,787 1,685,787 561,929 561,929 1,123,858 33% Total Revenue 1,770,209 1,899,831 1,867,444 2,051,329 2,051,329 660,026 660,026 1,391,303 32% 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 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Office of Sustainability Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 45,231 - - - - - - - - - Fringe Benefits 14,506 - - - - - - - - - Total Personnel 59,737 - - - - - - - - - Supplies 534 - - - - - - - - Services & Charges Professional Services 5,890 - - - 33,000 - 33,000 33,000 - 100% Repairs & Maintenance 285 - - - - - - - - - Education & Training 150 - - - - - - - - - Other Services & Charges 3,700 - - - - - - - - - Total Services & Charges 10,025 - - - 33,000 - 33,000 33,000 - 100% Operating Expenditures 70,295 - - - 33,000 - 33,000 33,000 - 100% Capital - - - - - - - - - - Interfund Allocations 20,146 - - - - - - - - - Total Expenditures 90,441 - - - 33,000 - 33,000 33,000 - 100% Revenue Other Income - - - - - - - - - Total Revenue - - - - - - - - - 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name AmeriCorps Grant Program Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 166,836 - - - - - - - - - Fringe Benefits 28,717 - - - - - - - - - Total Personnel 195,554 - - - - - - - - - Supplies 2,903 - - - - - - - - - Services & Charges Professional Services 22,862 - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges 1,345 - - - - - - - - - Total Services & Charges 24,207 - - - - - - - - - Total Expenditures 222,663 - - - - - - - - - Revenue Intergov./ Grants 184,811 - - - - - - - - Other Income 379 - - - - - - - - Interfund Transfers In 120,000 - - - - - - - - Total Revenue 305,190 - - - - - - - - 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). City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name Police Department Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 16,370,447 504,324 20,025,388 20,918,393 20,918,393 6,794,511 - 6,794,511 14,123,882 32% Fringe Benefits 5,728,486 - 7,944,292 9,791,584 9,791,584 2,881,237 - 2,881,237 6,910,347 29% Total Personnel 22,098,933 504,324 27,969,681 30,709,978 30,709,978 9,675,748 - 9,675,748 21,034,229 32% Supplies 955,573 1,390,275 1,358,732 1,428,050 1,488,415 640,555 57,441 697,996 790,419 47% Services & Charges Professional Services 495,799 360,416 1,177,704 730,000 842,496 273,057 196,874 469,931 372,566 56% Printing & Advertising 55,375 204,973 74,591 155,000 156,505 11,022 4,563 15,584 140,921 10% Utilities 182,655 197,178 215,910 210,000 210,000 62,057 - 62,057 147,943 30% Repairs & Maintenance 822,096 899,760 1,196,027 1,010,199 1,026,507 410,611 13,346 423,957 602,551 41% Education & Training 56,136 - 2,076 - - - - - - - Travel 2,618 573 7,697 250 250 - - - 250 0% Grants & Subsidies 11,075 21,165 9,970 357,000 357,200 10,455 2,100 12,555 344,645 4% Other Services & Charges 344,841 293,980 345,062 394,108 449,334 180,813 (26,897) 153,916 295,418 34% Debt Service Principal 141,305 - 193,179 1,782,196 1,782,196 193,179 - 193,179 1,589,017 11% Debt Service Interest & Fees 1,615 - 6,512 146,498 146,498 6,512 - 6,512 139,987 4% Total Services & Charges 2,113,516 1,978,044 3,228,726 4,785,251 4,970,987 1,147,703 189,985 1,337,689 3,633,298 27% Operating Expenditures 25,168,022 3,872,642 32,557,138 36,923,278 37,169,379 11,464,006 247,427 11,711,433 25,457,946 32% Capital - 52,630 3,287,851 2,226,000 3,038,431 1,167,262 1,351,670 2,518,932 519,499 83% Bad Debt - - - 300 300 - - - 300 0% Interfund Allocations 4,863,457 5,158,753 4,943,084 5,624,271 5,624,271 1,874,757 - 1,874,757 3,749,514 33% Total Expenditures 30,031,479 9,084,025 40,788,073 44,773,849 45,832,381 14,506,025 1,599,096 16,105,122 29,727,259 35% Revenue Intergov./ Grants 210,402 - - - - - - - - Charges for Services - - - - - - - - - Other Income 338,317 386,767 505,716 421,900 421,900 51,308 51,308 370,592 12% Donations - - - 7,500 7,500 - - 7,500 0% Capital Lease Proceeds - - 1,827,500 2,176,000 2,176,000 - - 2,176,000 0% Total Revenue 548,719 386,767 2,333,216 2,605,400 2,605,400 51,308 - 51,308 2,554,092 2% 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). City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Police Crime Lab Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 346,190 - 465,255 501,800 501,800 162,652 - 162,652 339,148 32% Fringe Benefits 118,776 - 158,621 204,327 204,327 55,472 - 55,472 148,855 27% Total Personnel 464,966 - 623,875 706,127 706,127 218,123 - 218,123 488,003 31% Supplies 15,138 14,951 18,860 17,000 17,074 4,539 888 5,427 11,647 32% Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 480,105 14,951 642,735 723,127 723,201 222,662 888 223,550 499,650 31% Interfund Allocations 148,571 191,479 194,740 236,867 236,867 79,367 - 79,367 157,500 34% Total Expenditures 628,676 206,430 837,475 959,994 960,068 302,028 888 302,916 657,150 32% Revenue Charges for Services 26,169 10,844 14,369 10,000 10,000 3,275 3,275 6,725 33% Total Revenue 26,169 10,844 14,369 10,000 10,000 3,275 3,275 6,725 33% 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 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Department Name Fire Department Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 15,905,583 62,956 16,950,271 16,809,343 16,809,343 5,577,036 - 5,577,036 11,232,307 33% Fringe Benefits 5,621,419 - 6,745,156 8,216,010 8,216,010 2,455,215 - 2,455,215 5,760,795 30% Total Personnel 21,527,001 62,956 23,695,427 25,025,352 25,025,352 8,032,250 - 8,032,250 16,993,102 32% Supplies 592,256 900,416 831,842 940,400 1,177,829 337,915 320,277 658,192 519,638 56% Services & Charges Professional Services 351,832 444,791 666,736 475,000 551,253 79,565 19,753 99,319 451,935 18% Printing & Advertising 2,040 4,120 3,129 35,000 35,000 732 - 732 34,268 2% Utilities 271,750 277,460 259,160 292,000 292,000 91,185 - 91,185 200,815 31% Repairs & Maintenance 992,999 1,140,770 1,216,441 1,124,000 1,127,707 479,151 64,420 543,571 584,136 48% Education & Training 79,268 132,088 133,566 130,000 134,786 73,966 72,674 146,640 (11,854) 109% Travel 12,979 28,512 34,408 30,000 37,909 23,144 30,563 53,707 (15,798) 142% Other Services & Charges 50,324 54,361 48,795 55,000 55,018 16,331 49,960 66,291 (11,273) 120% Total Services & Charges 1,761,191 2,082,102 2,362,234 2,141,000 2,233,673 764,075 237,370 1,001,445 1,232,229 45% Operating Expenditures 23,880,448 3,045,474 26,889,503 28,106,752 28,436,855 9,134,240 557,647 9,691,887 18,744,969 34% Interfund Allocations 2,493,373 2,880,306 3,025,261 2,847,054 3,043,508 1,028,237 - 1,028,237 2,015,271 34% Total Expenditures 26,373,821 5,925,780 29,914,764 30,953,806 31,480,362 10,162,477 557,647 10,720,124 20,760,240 34% Revenue Charges for Services 340 516 393 1,000 1,000 81 81 919 8% Intergov./ Grants 94,668 - - - - - - - - Licenses & Permits 23,137 29,308 24,914 26,000 26,000 7,208 7,208 18,792 28% Donations - 100 5,000 - - - - - - Other Income 20,678 24,510 18,823 1,000 1,000 96,548 96,548 (95,548) 9655% Interfund Transfers In 607,079 - - - - - - - - Total Revenue 745,902 54,434 49,130 28,000 28,000 103,837 103,837 (75,837) 371% 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Emergency Medical Services Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 146,217 - 159,564 168,990 168,990 53,886 - 53,886 115,104 32% Fringe Benefits 79,326 - 79,700 95,938 95,937 28,589 - 28,589 67,347 30% Total Personnel 225,543 - 239,264 264,928 264,927 82,476 - 82,476 182,451 31% Supplies 387,434 295,674 277,728 357,000 385,134 106,415 73,555 179,970 205,165 47% Services & Charges Professional Services 22,033 43,132 26,696 51,000 55,437 20,710 - 20,710 34,726 37% Printing & Advertising - - - - - - - - - - Repairs & Maintenance 3,704 2,464 7,638 5,000 5,000 8,317 0 8,317 (3,317) 166% Education & Training 7,912 199 4,037 4,000 4,000 200 - 200 3,800 5% Other Services & Charges 63,559 57,003 79,024 59,000 59,000 24,817 794 25,611 33,389 43% Total Services & Charges 97,208 102,798 117,394 119,000 123,437 54,044 794 54,838 68,598 44% Operating Expenditures 710,184 398,472 634,386 740,928 773,498 242,934 74,350 317,284 456,214 41% Bad Debt 594 830 1,116 - - 889 - 889 (889) - Interfund Allocations - - 507 - - 180 - 180 (180) - Total Expenditures 710,778 399,302 636,009 740,928 773,498 244,003 74,350 318,352 455,145 41% Revenue Charges for Services 4,195,362 4,395,365 5,138,527 3,824,580 3,824,580 2,154,921 2,154,921 1,669,659 56% Fines, Forfeitures, and Fees 11 12 - - - - - - - Other Income 588 1,418 7,112 - - 61,487 61,487 (61,487) - Total Revenue 4,195,961 4,396,795 5,145,639 3,824,580 3,824,580 2,216,408 2,216,408 1,608,172 58% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Fire Training Center Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Supplies 13,287 16,958 32,351 17,000 33,225 26,401 1,572 27,973 5,252 84% Services & Charges Professional Services - 1,929 6,208 2,000 2,000 - - - 2,000 0% Utilities 18,331 31,665 33,180 35,500 35,500 14,082 - 14,082 21,418 40% Repairs & Maintenance 635 4,246 - 10,000 10,000 - 6,890 6,890 3,110 69% Total Services & Charges 18,966 37,840 39,388 47,500 47,500 14,082 6,890 20,972 26,528 44% Operating Expenditures 32,253 54,797 71,739 64,500 80,725 40,483 8,462 48,945 31,780 61% Total Expenditures 32,253 54,797 71,739 64,500 80,725 40,483 8,462 48,945 31,780 61% Revenue Charges for Services 0 5,935 52,439 50,000 50,000 45,309 45,309 4,691 91% Other Income - 1,137 - - - - - - - Total Revenue 0 7,072 52,439 50,000 50,000 45,309 - 45,309 4,691 91% 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). City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Morris Performing Arts Center Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 430,859 - - - - - - - - - Fringe Benefits 200,379 - - - - - - - - - Total Personnel 631,239 - - - - - - - - - Supplies 29,271 8,435 - - - - - - - - Services & Charges Professional Services 1,650 4,444 - - - - - - - - Printing & Advertising 14,150 22,310 184 - - - - - - - Utilities 110,532 - - - - - - - - - Repairs & Maintenance 61,776 5,816 - - - - - - - - Education & Training 3,224 25 - - - - - - - - Travel 3,626 936 - - - - - - - - Other Services & Charges 12,862 1,367 - - - - - - - - Total Services & Charges 207,820 34,898 184 - - - - - - - Operating Expenditures 868,330 43,333 184 - - - - - - - Interfund Interfund Allocations 237,973 - - - - - - - - - Interfund Transfers Out - 600,000 - - - - - - - - Interfund Total 237,973 600,000 - - - - - - - - Total Expenditures 1,106,303 643,333 184 - - - - - - - Revenue Charges for Services 654,679 - - - - - - - - Intergov./ Grants 992,163 - - - - - - - - Other Income 2,864 54,878 - - - - - - - Interfund Allocation Reimb 86,746 - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 1,736,453 54,878 - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division accounts for the operating costs of the Morris Performing Arts Center, the premier performing arts center in this region of the country. It provides improved quality of life to the City's residents, serves as an economic catalyst in the City, and fosters historic preservation of landmark City venues. The Morris Performing Arts Center (Morris PAC) is a division under the Department of Venues, Parks & Arts. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' revenues previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). In 2021, the Morris received the Shuttered Venue Operators Grant (SVOG) from the US Small Business Association to help offset the costs from the COVID-19 closure during 2020. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' expenditures previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). $600,000 is budgeted to be transferred to the new fund to establish the fund's beginning cash balance. The interfund transfer represents the net profit generated by the Morris in recent years, which reverted to the General Fund (#101). City of South Bend, Indiana Monthly Financial Report April 30, 2024 Division Name Palais Royale Ballroom Fund Number 101 Fund Type General Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Personnel - - - - - - - - - - Supplies 1,626 4,457 4,399 5,610 5,610 2,496 385 2,881 2,729 51% Services & Charges Printing & Advertising - - - - - - - - - - Utilities 71,095 85,604 73,117 109,038 109,038 28,669 - 28,669 80,369 26% Repairs & Maintenance 23,356 36,062 49,881 63,676 63,933 15,145 1,025 16,170 47,763 25% Other Services & Charges 8,062 15,839 19,446 21,924 21,924 8,462 - 8,462 13,462 39% Total Services & Charges 102,514 137,506 142,444 194,638 194,895 52,276 1,025 53,301 141,594 27% Operating Expenditures 104,140 141,963 146,843 200,248 200,505 54,772 1,410 56,182 144,323 28% Interfund Interfund Allocations 45,407 36,009 35,799 34,593 34,593 11,531 - 11,531 23,062 33% Interfund Total 45,407 36,009 35,799 34,593 34,593 11,531 - 11,531 23,062 33% Total Expenditures 149,547 177,972 182,642 234,841 235,098 66,303 1,410 67,713 167,385 29% Revenue Charges for Services 122,575 133,138 128,149 158,734 158,734 44,835 44,835 113,899 28% Other Income - 4,299 634 - - - - - - Total Revenue 122,575 137,437 128,783 158,734 158,734 44,835 44,835 113,899 28% 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Motor Vehicle Highway Fund Number 202 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 3,204,129 3,134,543 3,274,223 3,174,424 3,174,424 991,962 991,962 2,182,462 31% Intergov./ Grants 123,272 - - - - - - - - Licenses & Permits 1,975 2,175 2,725 1,500 1,500 775 775 725 52% Charges for Services 224,847 112,415 89,847 165,300 165,300 29,023 29,023 136,277 18% Interest Earnings 23,518 52,037 90,854 22,417 22,417 34,885 34,885 (12,467) 156% Debt Proceeds 890,000 817,500 2,235,000 2,670,000 2,670,000 - - 2,670,000 0% Other Income 41,861 44,405 107,157 29,500 29,500 57,083 57,083 (27,583) 194% Interfund Allocation Reimb 150,163 187,963 162,650 167,318 167,318 55,773 55,773 111,545 33% Interfund Transfers In 3,500,000 5,550,000 5,087,500 10,000,000 10,000,000 2,466,667 2,466,667 7,533,333 25% Total Revenue 8,159,765 9,901,038 11,049,955 16,230,459 16,230,459 3,636,168 3,636,168 12,594,292 22% Expenditures by Activity Streets / Traffic & Lighting 8,652,023 7,313,705 8,783,703 13,908,417 15,988,313 3,876,243 3,570,369 7,446,611 8,541,701 47% Curb & Sidewalk Program 1,320,264 1,507,024 1,893,969 2,911,667 3,397,528 443,288 433,470 876,758 2,520,771 26% Total Expenditures 9,972,287 8,820,729 10,677,672 16,820,084 19,385,841 4,319,530 4,003,839 8,323,369 11,062,472 43% Expenditures by Type Personnel Salaries & Wages 2,826,835 2,924,195 3,186,475 3,800,903 3,800,903 1,314,985 - 1,314,985 2,485,918 35% Fringe Benefits 1,168,166 1,203,828 1,297,636 1,713,047 1,713,047 552,207 - 552,207 1,160,840 32% Total Personnel 3,995,001 4,128,023 4,484,111 5,513,950 5,513,950 1,867,192 - 1,867,192 3,646,758 34% Supplies 898,714 854,478 1,146,446 1,615,391 1,813,068 362,899 132,640 495,539 1,317,528 27% Services & Charges Professional Services 389,410 636,199 866,929 1,745,000 2,222,662 159,405 391,899 551,303 1,671,358 25% Printing & Advertising 771 2,422 1,810 2,950 2,950 149 790 939 2,011 32% Utilities 41,299 44,781 47,159 64,770 64,770 16,140 - 16,140 48,630 25% Repairs & Maintenance 637,358 701,876 346,497 984,508 986,080 468,226 3,420 471,646 514,434 48% Education & Training 2,845 8,291 11,555 30,000 30,050 1,814 600 2,414 27,636 8% Travel - 5,135 803 25,000 25,000 6,234 - 6,234 18,766 25% Other Services & Charges 102,368 27,988 138,852 156,620 159,120 2,694 4,296 6,991 152,129 4% Debt Service Principal 874,648 891,039 1,113,112 1,469,371 1,469,371 602,209 - 602,209 867,162 41% Debt Service Interest & Fees 39,036 34,928 45,139 201,053 201,053 21,567 - 21,567 179,486 11% Total Services & Charges 2,087,736 2,352,660 2,571,857 4,679,271 5,161,055 1,278,438 401,005 1,679,443 3,481,612 33% Operating Expenditures 6,981,451 7,335,161 8,202,414 11,808,613 12,488,073 3,508,528 533,646 4,042,174 8,445,898 32% Capital 1,571,080 155,986 1,067,160 3,416,085 5,302,382 276,254 3,470,193 3,746,447 1,555,935 71% Bad Debt - - - - - - - - - - Interfund Allocations 1,419,756 1,329,582 1,408,098 1,595,386 1,595,386 534,748 - 534,748 1,060,638 34% Total Expenditures 9,972,287 8,820,729 10,677,672 16,820,084 19,385,841 4,319,530 4,003,839 8,323,369 11,062,471 43% Net Surplus / (Deficit) (1,812,522) 1,080,308 372,283 (589,624) (3,155,382) (683,362) (4,687,201) Beginning Cash Balance 4,772,416 6,607,820 4,772,416 4,772,416 Cash Adjustments 3,647,926 (2,915,713) (5,144,699) - Ending Cash Balance 6,607,820 4,772,416 - 1,617,034 5,681,517 Cash Reserves Target 2,493,072 2,205,182 2,669,418 4,846,460 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name MVH Restricted Fund Number 266 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 3,204,129 3,134,543 3,274,223 3,174,424 3,174,424 991,962 991,962 2,182,462 31% Interest Earnings 9,704 23,921 39,874 13,724 13,724 13,003 13,003 721 95% Interfund Transfers In - - - 200,000 200,000 - - 200,000 0% Debt Proceeds - 888,007 - - - - - - - Total Revenue 3,213,833 4,046,471 3,314,097 3,388,148 3,388,148 1,004,965 1,004,965 2,383,183 30% Expenditures by Type Personnel Salaries & Wages 247,754 255,141 399,253 506,857 506,857 8,194 - 8,194 498,663 2% Fringe Benefits 110,873 124,031 183,370 162,914 162,914 4,167 - 4,167 158,747 3% Total Personnel 358,626 379,172 582,623 669,771 669,771 12,362 - 12,362 657,410 2% Supplies 1,099,093 2,107,582 1,386,353 1,381,999 1,387,531 137,451 921,906 1,059,357 328,173 76% Services & Charges Professional Services 249,700 - - - - - - - - - Repairs & Maintenance 568,445 1,376,423 1,592,715 387,768 1,108,640 13,757 970,872 984,629 124,011 89% Debt Service Principal - 91,621 169,814 173,826 173,826 86,406 - 86,406 87,420 50% Debt Service Interest & Fees - 2,144 17,716 13,703 13,703 7,359 - 7,359 6,344 54% Total Services & Charges 818,145 1,470,187 1,780,244 575,297 1,296,169 107,522 970,872 1,078,394 217,775 83% Capital 15,800 184,116 662,791 - - - - - - - Total Expenditures 2,291,664 4,141,058 4,412,010 2,627,067 3,353,471 257,335 1,892,778 2,150,113 1,203,358 64% Net Surplus / (Deficit) 922,169 (94,586) (1,097,914) 761,081 34,677 747,630 (1,145,148) Beginning Cash Balance 2,042,332 1,126,297 2,042,332 2,042,332 Cash Adjustments (1,838,205) 1,010,622 1,026,651 - Ending Cash Balance 1,126,297 2,042,332 1,971,069 2,077,010 1,599,880 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 6,408,258 6,269,085 6,548,446 6,348,848 6,348,848 1,983,924 1,983,924 4,364,924 31% Intergov./ Grants 123,272 - - - - - - - - Licenses & Permits 1,975 2,175 2,725 1,500 1,500 775 775 725 52% Charges for Services 224,847 112,415 89,847 165,300 165,300 29,023 29,023 136,277 18% Interest Earnings 33,222 75,958 130,728 36,141 36,141 47,887 47,887 (11,746) 132% Debt Proceeds 890,000 1,705,507 2,235,000 2,670,000 2,670,000 - - 2,670,000 0% Other Income 41,861 44,405 107,157 29,500 29,500 57,083 57,083 (27,583) 194% Interfund Allocation Reimb 150,163 187,963 162,650 167,318 167,318 55,773 55,773 111,545 33% Interfund Transfers In 3,500,000 5,550,000 5,087,500 10,200,000 10,200,000 2,466,667 2,466,667 7,733,333 24% Total Revenue 11,373,598 13,947,509 14,364,052 19,618,607 19,618,607 4,641,132 4,641,132 14,977,475 24% Expenditures by Fund Motor Vehicle Highway (#202) 9,972,287 8,820,729 10,677,672 16,820,084 19,385,841 4,319,530 4,003,839 8,323,369 11,062,472 43% MVH Restricted (#266) 2,291,664 4,141,058 4,412,010 2,627,067 3,353,471 257,335 1,892,778 2,150,113 1,203,358 64% Total Expenditures 12,263,951 12,961,787 15,089,683 19,447,151 22,739,312 4,576,865 5,896,617 10,473,482 12,265,830 46% Expenditures by Activity Streets / Traffic & Lighting 10,943,687 11,454,763 13,195,713 16,535,484 19,341,783 4,133,577 5,463,147 9,596,724 9,745,059 50% Curb & Sidewalk Program 1,320,264 1,507,024 1,893,969 2,911,667 3,397,528 443,288 433,470 876,758 2,520,771 26% Total Expenditures 12,263,951 12,961,787 15,089,683 19,447,151 22,739,312 4,576,865 5,896,617 10,473,482 12,265,830 46% Expenditures by Type Personnel Salaries & Wages 3,074,589 3,179,336 3,585,728 4,307,760 4,307,760 1,323,179 - 1,323,179 2,984,581 31% Fringe Benefits 1,279,038 1,327,859 1,481,006 1,875,961 1,875,961 556,374 - 556,374 1,319,587 30% Total Personnel 4,353,627 4,507,195 5,066,734 6,183,721 6,183,721 1,879,553 - 1,879,553 4,304,168 30% Supplies 1,997,807 2,962,061 2,532,798 2,997,390 3,200,598 500,350 1,054,547 1,554,897 1,645,702 49% Services & Charges Professional Services 639,109 636,199 866,929 1,745,000 2,222,662 159,405 391,899 551,303 1,671,358 25% Printing & Advertising 771 2,422 1,810 2,950 2,950 149 790 939 2,011 32% Utilities 41,299 44,781 47,159 64,770 64,770 16,140 - 16,140 48,630 25% Repairs & Maintenance 1,205,803 2,078,298 1,939,212 1,372,276 2,094,720 481,983 974,292 1,456,276 638,445 70% Education & Training 2,845 8,291 11,555 30,000 30,050 1,814 600 2,414 27,636 8% Travel - 5,135 803 25,000 25,000 6,234 - 6,234 18,766 25% Other Services & Charges 102,368 27,988 138,852 156,620 159,120 2,694 4,296 6,991 152,129 4% Debt Service Principal 874,648 982,660 1,282,926 1,643,197 1,643,197 688,614 - 688,614 954,582 42% Debt Service Interest & Fees 39,036 37,072 62,855 214,756 214,756 28,926 - 28,926 185,830 13% Total Services & Charges 2,905,881 3,822,847 4,352,101 5,254,569 6,457,224 1,385,960 1,371,877 2,757,837 3,699,387 43% Operating Expenditures 9,257,315 11,292,103 11,951,633 14,435,680 15,841,544 3,765,863 2,426,424 6,192,287 9,649,257 39% Capital 1,586,880 340,102 1,729,951 3,416,085 5,302,382 276,254 3,470,193 3,746,447 1,555,935 71% Bad Debt - - - - - - - - - - Interfund Allocations 1,419,756 1,329,582 1,408,098 1,595,386 1,595,386 534,748 - 534,748 1,060,638 34% Total Expenditures 12,263,951 12,961,787 15,089,683 19,447,151 22,739,312 4,576,865 5,896,617 10,473,482 12,265,830 46% Net Surplus / (Deficit) - 985,722 (725,631) 171,456 (3,120,704) 64,268 (5,832,349) Beginning Cash Balance 6,814,748 7,734,117 6,814,748 6,814,748 Cash Adjustments 919,369 (1,905,091) 1,760,304 - Ending Cash Balance 7,734,117 6,814,748 7,849,421 3,694,043 7,281,397 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Local Road & Street Fund Number 251 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 1,939,498 2,003,475 2,040,961 1,952,634 1,952,634 673,297 673,297 1,279,337 34% Intergov./ Grants 670,528 145,348 205,355 115,000 115,000 253,206 253,206 (138,206) 220% Interest Earnings 18,850 34,259 74,193 40,156 40,156 15,740 15,740 24,416 39% Other Income - 10,510 - - - - - - - Interfund Transfers In - - - 4,000,000 4,000,000 - - 4,000,000 0% Total Revenue 2,628,875 2,193,593 2,320,509 6,107,790 6,107,790 942,243 942,243 5,165,547 15% Expenditures by Type Supplies 367,364 57,542 347,256 400,000 400,000 - 380,000 380,000 20,000 95% Services & Charges Professional Services 459,207 690,622 524,598 250,000 1,751,964 159,764 748,586 908,351 843,613 52% Repairs & Maintenance 534,977 125,774 1,717,103 400,000 2,221,891 414,042 1,123,811 1,537,853 684,038 69% Other Services & Charges 8,202 - - - - - - - - - Total Services & Charges 1,002,386 816,396 2,241,701 650,000 3,973,855 573,806 1,872,397 2,446,204 1,527,651 62% Capital 543,198 303,138 783,787 400,000 715,085 28,247 424,945 453,191 261,893 63% Interfund Transfers Out 2,000,000 1,000,000 - 1,000,000 - - - - - - Total Expenditures 3,912,948 2,177,076 3,372,745 2,450,000 5,088,939 602,053 2,677,342 3,279,395 1,809,544 64% Net Surplus / (Deficit) (1,284,072) 16,517 (1,052,235) 3,657,790 1,018,850 340,190 (2,337,152) Beginning Cash Balance 2,349,376 3,632,884 2,349,376 2,349,376 Cash Adjustments 2,567,579 (1,300,024) 1,082,944 - Ending Cash Balance 3,632,884 2,349,376 2,380,085 3,368,227 1,646,049 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name LOIT Special Distribution Fund Number 257 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Interest Earnings 1,469 3,417 3,388 42 42 723 723 (682) 1742% Other Income 1,500 - - - - - - - - Total Revenue 2,969 3,417 3,388 42 42 723 723 (682) 1742% Expenditures by Type Services & Charges Professional Services 3,762 - 184,782 - 1,501 - 1,501 1,501 - 100% Total Services & Charges 3,762 - 184,782 - 1,501 - 1,501 1,501 - 100% Capital 20,166 - 4,314 - 52,636 - - - 52,636 0% Total Expenditures 23,927 - 189,096 - 54,136 - 1,501 1,501 52,636 3% Net Surplus / (Deficit) (20,958) 3,417 (185,709) 42 (54,095) 723 (777) Beginning Cash Balance 245,630 266,588 245,630 245,630 Cash Adjustments 41,916 (24,375) 188,321 - Ending Cash Balance 266,588 245,630 248,243 191,536 63,884 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Local Road & Bridge Grant Fund Number 265 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 791,072 1,350,100 1,000,000 1,000,000 1,000,000 - - 1,000,000 0% Interest Earnings 4,832 23,684 50,707 7,369 7,369 4,809 4,809 2,560 65% Other Income - - - - - - - - - Interfund Transfers In 1,000,000 1,000,000 - 1,000,000 1,000,000 - - 1,000,000 0% Total Revenue 1,795,904 2,373,784 1,050,707 2,007,369 2,007,369 4,809 4,809 2,002,560 0% Expenditures by Type Services & Charges Repairs & Maintenance 2,482,521 594,751 3,105,996 2,000,000 2,222,695 - 1,323,637 1,323,637 899,058 60% Other Services & Charges - - - - - - - - - - Total Services & Charges 2,482,521 594,751 3,105,996 2,000,000 2,222,695 - 1,323,637 1,323,637 899,058 60% Capital - - - - - - - - - - Total Expenditures 2,482,521 594,751 3,105,996 2,000,000 2,222,695 - 1,323,637 1,323,637 899,058 60% Net Surplus / (Deficit) (686,618) 1,779,033 (2,055,289) 7,369 (215,327) 4,809 (1,318,828) Beginning Cash Balance 704,875 1,391,493 704,875 704,875 Cash Adjustments 1,373,235 (2,465,650) 3,827,468 - Ending Cash Balance 1,391,493 704,875 2,477,054 489,548 432,829 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) This fund also receives revenue from interest earned on the fund's cash balance. 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Major Moves Construction Fund Number 412 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 84,756 32,517 238,248 - - 9,705 9,705 (9,705) - Interest Earnings 9,556 26,999 53,463 1,500 1,500 18,208 18,208 (16,708) 1214% Other Income 493,328 493,328 493,328 138,514 138,514 78,068 78,068 60,446 56% Interfund Transfers In - - - 150,000 150,000 - - 150,000 0% Total Revenue 587,639 552,844 785,039 290,014 290,014 105,981 105,981 184,033 37% Expenditures by Type Supplies - - 628,041 350,000 350,002 - 350,000 350,000 2 100% Services & Charges Professional Services 57,027 217,156 97,521 200,000 596,861 37,271 329,665 366,936 229,925 61% Repairs & Maintenance - 450,000 - - - - - - - - Total Services & Charges 57,027 667,156 97,521 200,000 596,861 37,271 329,665 366,936 229,925 61% Capital 27,855 196,985 33,493 300,000 760,770 - 452,438 452,438 308,333 59% Interfund Transfers Out - - - - - - - - - - Total Expenditures 84,882 864,141 759,056 850,000 1,707,634 37,271 1,132,103 1,169,374 538,260 68% Net Surplus / (Deficit) 502,758 (311,297) 25,983 (559,986) (1,417,620) 68,710 (1,063,393) Beginning Cash Balance 1,889,193 1,386,436 1,889,193 1,889,193 Cash Adjustments (1,005,515) 814,055 (342,876) - Ending Cash Balance 1,386,436 1,889,193 1,572,300 471,574 1,670,962 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2021 Infrastructure Bond Capital Fund Number 455 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 21,221 37,031 48,402 - - 8,715 8,715 (8,715) - Interfund Transfers In 8,601,026 - - - - - - - - Total Revenue 8,622,248 37,031 48,402 - - 8,715 8,715 (8,715) - Expenditures by Type Capital 3,785,766 1,761,110 1,236,390 - 723,498 204,135 519,115 723,250 248 100% Interfund Transfers Out 1,000,000 - - - - - - - - - Total Expenditures 4,785,766 1,761,110 1,236,390 - 723,498 204,135 519,115 723,250 248 100% Net Surplus / (Deficit) 3,836,482 (1,724,079) (1,187,989) - (723,498) (195,420) (714,535) Beginning Cash Balance 3,836,482 - 3,836,482 3,836,482 Cash Adjustments (7,672,963) 5,560,561 (346,483) - Ending Cash Balance - 3,836,482 2,302,010 3,112,984 727,097 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 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Solid Waste Operations Fund Number 610 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 6,092,214 6,909,550 7,622,504 7,880,920 7,880,920 2,491,145 2,491,145 5,389,775 32% Intergov./ Grants - 7,410 8,636 - - - - - - Interest Earnings 781 3,406 8,323 7,677 7,677 6,245 6,245 1,432 81% Other Income 49,951 63,306 18,231 45,000 45,000 49 49 44,951 0% Interfund Transfers In 1,796,371 263,687 527,035 - - - - - - Total Revenue 7,939,316 7,247,359 8,184,729 7,933,597 7,933,597 2,497,440 2,497,440 5,436,158 31% Expenditures by Type Personnel Salaries & Wages 1,116,262 1,223,746 1,265,563 1,382,125 1,382,125 444,816 - 444,816 937,309 32% Fringe Benefits 450,803 478,575 526,275 693,522 693,522 192,059 - 192,059 501,463 28% Total Personnel 1,567,066 1,702,321 1,791,838 2,075,647 2,075,647 636,876 - 636,876 1,438,772 31% Supplies 314,035 434,548 306,830 553,468 553,468 136,355 6,029 142,384 411,085 26% Services & Charges Printing & Advertising 4,106 13,059 12,003 5,865 18,236 - 500 500 17,736 3% Repairs & Maintenance 1,249,530 1,844,161 1,893,174 1,168,408 1,168,408 532,186 - 532,186 636,221 46% Education & Training 17,160 180 4,068 20,000 20,000 132 - 132 19,868 1% Travel - - - 9,900 9,900 - - - 9,900 0% Other Services & Charges 1,126,780 1,085,570 1,127,500 1,344,384 1,444,660 428,748 59,113 487,861 956,799 34% Debt Service Principal 250,000 - - - - - - - - - Total Services & Charges 2,647,575 2,942,970 3,036,744 2,548,557 2,661,204 961,067 59,613 1,020,679 1,640,524 38% Operating Expenditures 4,528,676 5,079,840 5,135,412 5,177,672 5,290,319 1,734,297 65,642 1,799,939 3,490,381 34% Bad Debt 24,584 670,719 219,772 62,273 171,308 101,687 - 101,687 69,621 59% Interfund Interfund Allocations 1,185,129 1,187,501 1,361,480 1,476,423 1,476,423 493,303 - 493,303 983,120 33% Interfund Transfers Out 867,967 981,664 899,690 1,109,379 1,109,379 933,000 - 933,000 176,379 84% Total Interfund 2,053,096 2,169,165 2,261,170 2,585,802 2,585,802 1,426,303 - 1,426,303 1,159,499 55% Total Expenditures 6,606,356 7,919,724 7,616,354 7,825,747 8,047,429 3,262,287 65,642 3,327,929 4,719,501 41% Beginning Cash Balance 906,471 87,032 906,471 906,471 Cash Adjustments (2,152,398) 1,491,803 (1,180,013) - Ending Cash Balance 87,032 906,471 294,832 792,638 122,278 Cash Reserves Target 660,636 791,972 761,635 804,743 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Solid Waste Capital Fund Number 611 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 34 1,516 5,297 - - 5,308 5,308 (5,308) - Debt Proceeds 758,270 1,559,726 1,225,000 2,200,000 2,200,000 - - 2,200,000 0% Interfund Transfers In 867,967 981,664 899,690 1,109,379 1,109,379 933,000 933,000 176,379 84% Total Revenue 1,626,271 2,542,907 2,129,987 3,309,379 3,309,379 938,308 938,308 2,371,071 28% Expenditures by Type Services & Charges Debt Service Principal 843,122 950,448 928,231 1,015,873 1,015,873 469,951 - 469,951 545,922 46% Debt Service Interest & Fees 37,977 31,216 48,912 93,507 93,507 21,216 - 21,216 72,291 23% Total Services & Charges 881,100 981,664 977,143 1,109,379 1,109,379 491,166 - 491,166 618,213 44% Capital 354,135 758,270 - 2,200,000 5,080,335 1,284,726 3,445,051 4,729,777 350,558 93% Total Expenditures 1,235,235 1,739,934 977,143 3,309,379 6,189,714 1,775,892 3,445,051 5,220,943 968,771 84% Net Surplus / (Deficit) 391,036 802,972 1,152,844 - (2,880,335) (837,584) (4,282,635) Beginning Cash Balance 779,163 388,126 779,163 779,163 Cash Adjustments (782,073) (411,936) (349,980) - Ending Cash Balance 388,126 779,163 1,582,027 (2,101,172) 2,325,528 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Operations Fund Number 620 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 19,423,624 19,141,578 19,884,402 21,693,109 21,693,109 5,768,962 5,768,962 15,924,148 27% Interest Earnings 28,409 95,051 187,240 83,583 83,583 92,317 92,317 (8,734) 110% Other Income 23,582 41,395 510,566 18,055 18,055 8,842 8,842 9,213 49% Interfund Allocation Reimb 1,856,424 1,414,701 1,633,074 1,652,888 1,652,888 550,963 550,963 1,101,925 33% Interfund Transfers In 656,984 294,627 134,865 - - - - - - Total Revenue 21,989,022 20,987,352 22,350,147 23,447,635 23,447,635 6,421,083 6,421,083 17,026,552 27% Total Expenditures 19,681,182 23,078,188 19,134,577 23,362,337 24,409,097 5,888,867 1,418,006 7,306,874 17,102,223 30% Expenditures by Type Personnel Salaries & Wages 3,192,897 3,497,540 3,777,318 4,085,437 4,085,437 1,289,776 - 1,289,776 2,795,662 32% Fringe Benefits 1,353,254 1,503,528 1,515,511 1,890,984 1,890,984 504,540 - 504,540 1,386,444 27% Total Personnel 4,546,151 5,001,068 5,292,830 5,976,421 5,976,421 1,794,315 - 1,794,315 4,182,106 30% Supplies 1,039,704 1,604,334 1,598,311 2,203,203 2,535,144 543,499 171,277 714,776 1,820,368 28% Services & Charges Professional Services 749,968 760,096 872,977 1,493,359 1,783,311 232,889 613,739 846,628 936,684 47% Printing & Advertising 2,029 7,168 2,341 7,373 8,406 1,683 - 1,683 6,723 20% Utilities 774,893 828,854 893,492 938,051 938,051 270,145 - 270,145 667,907 29% Repairs & Maintenance 465,164 411,658 402,687 639,177 714,712 153,984 48,300 202,284 512,427 28% Education & Training 20,142 15,517 22,722 36,704 39,624 2,328 2,920 5,248 34,376 13% Travel - - 3,775 23,250 26,028 - 2,778 2,778 23,250 11% Other Services & Charges 2,896,198 2,536,459 2,529,469 3,590,420 3,798,157 710,086 578,993 1,289,079 2,509,078 34% Debt Service Principal 296,671 201,048 - - - - - - - - Debt Service Interest & Fees 8,064 3,131 - - - - - - - - Total Services & Charges 5,213,129 4,763,931 4,727,463 6,728,335 7,308,289 1,371,115 1,246,729 2,617,844 4,690,445 36% Operating Expenditures 10,798,983 11,369,334 11,618,604 14,907,959 15,819,854 3,708,929 1,418,006 5,126,936 10,692,919 32% Bad Debt 51,503 1,103,072 303,108 100,000 234,865 171,302 - 171,302 63,563 73% Interfund Interfund Allocations 2,267,793 2,342,714 2,856,398 3,559,703 3,559,703 1,189,337 - 1,189,337 2,370,365 33% PILOT 1,611,201 1,613,639 1,606,468 1,638,597 1,638,597 819,299 - 819,299 819,299 50% Interfund Transfers Out 4,951,702 6,649,430 2,750,000 3,156,078 3,156,078 - - - 3,156,078 0% Total Interfund 8,830,696 10,605,783 7,212,866 8,354,378 8,354,378 2,008,636 - 2,008,636 6,345,742 24% Total Expenditures 19,681,182 23,078,188 19,134,577 23,362,337 24,409,097 5,888,867 1,418,006 7,306,874 17,102,224 30% 6,550,457 Net Surplus / (Deficit) 2,307,840 (2,090,837) 3,215,570 85,299 (961,462) 532,216 (885,791) Beginning Cash Balance 6,550,457 4,840,727 6,550,457 6,550,457 Cash Adjustments (4,017,570) 3,800,567 (5,007,244) - Ending Cash Balance 4,840,727 6,550,457 4,758,783 5,588,995 8,580,948 Cash Reserves Target 984,059 1,153,909 956,729 1,220,455 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Capital Fund Number 622 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 171,959 251,905 (106,004) 210,000 210,000 14,995 14,995 195,006 7% Interest Earnings 50,372 153,064 227,703 9,699 9,699 71,576 71,576 (61,877) 738% Other Income 11,040 7,084 2,392 - - - - - - Interfund Transfers In 3,373,000 3,971,704 - 400,000 400,000 - - 400,000 0% Bond Proceeds - - - - - - - - - Total Revenue 3,606,371 4,383,757 124,091 619,699 619,699 86,571 86,571 533,129 14% Expenditures by Type Services & Charges Professional Services 22,740 42,253 132,973 - 467,551 290,263 177,287 467,551 - 100% Total Services & Charges 22,740 42,253 132,973 - 467,551 290,263 177,287 467,551 - 100% Capital 1,511,591 3,271,169 4,104,934 2,521,000 9,560,508 547,014 1,270,950 1,817,964 7,742,545 19% Bad Debt (428) - - - - - - - - - Total Expenditures 1,533,903 3,313,423 4,237,907 2,521,000 10,028,059 837,277 1,448,237 2,285,514 7,742,545 23% Net Surplus / (Deficit) 2,072,468 1,070,334 (4,113,816) (1,901,301) (9,408,360) (750,707) (2,198,944) Beginning Cash Balance 9,672,979 7,652,044 9,672,979 9,672,979 Cash Adjustments (4,093,402) 950,600 5,500,692 - Ending Cash Balance 7,652,044 9,672,979 11,059,854 264,619 5,875,615 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 2023 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, 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Customer Deposit Fund Number 624 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 7,493 12,668 38,236 - - 15,161 15,161 (15,161) - Total Revenue 7,493 12,668 38,236 - - 15,161 15,161 (15,161) - Expenditures Interfund Transfers Out 7,493 - - - - - - - - - Total Expenditures 7,493 - - - - - - - - - Net Surplus / (Deficit) - 12,668 38,236 - - 15,161 15,161 Beginning Cash Balance 1,279,314 1,263,319 1,279,314 1,279,314 Cash Adjustments (15,996) 3,328 (2,039) - Ending Cash Balance 1,263,319 1,279,314 1,315,511 1,279,314 1,364,845 Cash Reserves Target 1,263,319 1,279,314 1,315,511 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Sinking (Debt Service) Fund Number 625 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,818 18,171 54,408 - - 31,305 31,305 (31,305) - Interfund Transfers In 1,508,702 2,662,430 2,750,000 2,756,078 2,756,078 - - 2,756,078 0% Total Revenue 1,511,520 2,680,601 2,804,408 2,756,078 2,756,078 31,305 31,305 2,724,773 1% Expenditures by Type Services & Charges Debt Service Principal 1,093,877 1,248,939 1,045,513 1,729,639 1,729,639 - - - 1,729,639 0% Debt Service Interest & Fees 417,148 390,368 356,162 1,026,439 1,026,439 - - - 1,026,439 0% Total Services & Charges 1,511,025 1,639,307 1,401,675 2,756,078 2,756,078 - - - 2,756,078 0% Interfund Transfers Out 2,818 - - - - - - - - - Total Expenditures 1,513,843 1,639,307 1,401,675 2,756,078 2,756,078 - - - 2,756,078 0% Net Surplus / (Deficit) (2,323) 1,041,294 1,402,734 - - 31,305 31,305 Beginning Cash Balance - 2,323 - - Cash Adjustments 4,647 (1,043,617) 871,054 - Ending Cash Balance 2,323 - 2,273,787 - 2,474,195 Cash Reserves Target 2,323 - 2,273,787 - Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Bond Reserve Fund Number 626 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 8,191 13,836 42,407 - - 16,828 16,828 (16,828) - Total Revenue 8,191 13,836 42,407 - - 16,828 16,828 (16,828) - Expenditures Interfund Transfers Out 8,188 - - - - - - - - - Total Expenditures 8,188 - - - - - - - - - Net Surplus / (Deficit) 4 13,836 42,407 - - 16,828 16,828 Beginning Cash Balance 1,422,804 1,422,800 1,422,804 1,422,804 Cash Adjustments (7) (13,832) (33,101) - Ending Cash Balance 1,422,800 1,422,804 1,432,109 1,422,804 1,494,875 Cash Reserves Target 1,422,800 1,422,804 1,432,109 1,422,804 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to ensure compliance with certain debt service bond covenants. The required cash balance is determined by the debt service financing arrangements at the time of issuance. The debt service reserve amount is used towards the last debt service payment. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Historically, excess interest earned on this fund's cash balance is transferred to the Water Works Operation Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Water Works Operations & Maintenance Reserve Fund Number 629 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 17,168 28,377 85,903 - - 34,157 34,157 (34,157) - Interfund Transfers In - 15,296 - - - - - - - Total Revenue 17,168 43,673 85,903 - - 34,157 34,157 (34,157) - Expenditures Interfund Transfers Out 17,168 - - - - - - - - - Total Expenditures 17,168 - - - - - - - - - Net Surplus / (Deficit) - 43,673 85,903 - - 34,157 34,157 Beginning Cash Balance 2,912,652 2,912,652 2,912,652 2,912,652 Cash Adjustments - (43,673) (51,780) - Ending Cash Balance 2,912,652 2,912,652 2,946,775 2,912,652 3,074,277 Cash Reserves Target 2,455,404 2,738,674 3,542,878 3,542,878 Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewer Repair Insurance Fund Number 640 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 697,338 701,488 703,574 666,095 666,095 240,658 240,658 425,437 36% Interest Earnings 12,053 27,093 54,170 32,799 32,799 19,821 19,821 12,978 60% Other Income - - - - - - - - - Interfund Transfers In - 48,167 6,390 - - - - - - Total Revenue 709,391 776,748 764,134 698,894 698,894 260,479 260,479 438,415 37% Expenditures by Type Personnel Salaries & Wages 119,441 119,081 130,097 140,722 140,722 46,389 - 46,389 94,333 33% Fringe Benefits 52,566 55,024 55,746 61,953 61,953 19,663 - 19,663 42,289 32% Total Personnel 172,007 174,105 185,844 202,675 202,675 66,052 - 66,052 136,622 33% Supplies 34,659 42,321 40,016 81,490 81,490 29,669 23,273 52,941 28,549 65% Services & Charges Printing & Advertising - - - 200 200 - - - 200 0% Repairs & Maintenance 422,857 474,934 589,860 651,103 666,863 277,179 166,490 443,668 223,194 67% Other Services & Charges - - - - - - - - - - Total Services & Charges 422,857 474,934 589,860 651,303 667,063 277,179 166,490 443,668 223,394 67% Operating Expenditures 629,522 691,360 815,720 935,468 951,227 372,899 189,762 562,661 388,565 59% Bad Debt 1,891 57,952 8,820 6,500 12,890 7,006 - 7,006 5,884 54% Interfund Allocations 91,901 96,195 100,897 97,681 97,681 32,691 - 32,691 64,990 33% Total Expenditures 723,314 845,507 925,437 1,039,649 1,061,798 412,597 189,762 602,359 459,439 57% Net Surplus / (Deficit) (13,923) (68,759) (161,304) (340,755) (362,904) (152,117) (341,880) Beginning Cash Balance 2,003,861 2,052,857 2,003,861 2,003,861 Cash Adjustments 62,919 19,763 109,406 - Cash Reserves Target 180,829 211,377 231,359 265,450 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Works Operations Fund Number 641 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 38,772,010 40,319,532 42,187,751 41,732,688 41,732,688 13,893,494 13,893,494 27,839,194 33% Interest Earnings 69,545 247,071 568,907 197,277 197,277 239,789 239,789 (42,512) 122% Other Income 276,595 106,610 68,553 4,600 4,600 110,008 110,008 (105,408) 2391% Interfund Allocation Reimb 449,895 463,761 461,751 403,429 403,429 134,476 134,476 268,953 33% Interfund Transfers In 1,697,758 415,513 184,500 - - - - - - Total Revenue 41,265,804 41,552,487 43,471,462 42,337,994 42,337,994 14,377,767 14,377,767 27,960,227 34% Expenditures by Division Sewers 6,803,434 7,807,448 7,048,829 7,574,714 7,803,414 2,227,075 115,583 2,342,658 5,460,756 30% Concrete Crew 466,063 521,609 562,830 592,720 592,720 191,463 - 191,463 401,258 32% Wastewater 29,353,258 32,097,845 28,653,161 36,870,058 38,925,118 7,820,668 1,937,382 9,758,050 29,167,068 25% Organic Resources 1,326,459 1,506,046 1,167,251 1,605,991 1,910,490 633,091 138,095 771,185 1,139,305 40% Total Expenditures 37,949,214 41,932,947 37,432,072 46,643,483 49,231,742 10,872,297 2,191,059 13,063,356 36,168,387 27% Expenditures by Type Personnel Salaries & Wages 4,777,198 4,946,254 5,272,342 6,076,802 6,076,802 1,910,984 - 1,910,984 4,165,818 31% Fringe Benefits 1,956,552 2,018,844 2,015,847 2,696,013 2,696,013 709,135 - 709,135 1,986,878 26% Total Personnel 6,733,749 6,965,098 7,288,190 8,772,815 8,772,815 2,620,119 - 2,620,119 6,152,696 30% Supplies 1,569,805 2,230,631 2,484,857 3,332,187 3,742,157 777,405 352,118 1,129,523 2,612,634 30% Services & Charges Professional Services 399,309 590,275 1,065,584 238,164 525,105 44,559 280,631 325,190 199,915 62% Printing & Advertising 1,623 1,182 4,135 7,083 7,083 1,188 - 1,188 5,895 17% Utilities 1,160,652 1,267,312 1,337,488 1,508,370 1,508,370 478,218 - 478,218 1,030,152 32% Repairs & Maintenance 1,677,510 1,677,658 1,731,522 2,511,417 3,383,187 1,360,371 518,703 1,879,074 1,504,113 56% Education & Training 15,176 20,869 34,832 68,623 70,200 8,326 18,934 27,260 42,941 39% Travel 356 10,417 14,539 53,147 54,084 3,973 8,239 12,212 41,873 23% Other Services & Charges 3,157,093 1,889,515 2,636,784 3,607,408 4,435,970 595,135 1,012,434 1,607,569 2,828,401 36% Debt Service Principal 294,414 188,482 - - - - - - - - Debt Service Interest & Fees 7,815 2,935 - - - - - - - - Total Services & Charges 6,713,948 5,648,646 6,824,884 7,994,212 9,984,001 2,491,770 1,838,941 4,330,711 5,653,290 43% Operating Expenditures 15,017,502 14,844,375 16,597,930 20,099,213 22,498,973 5,889,294 2,191,059 8,080,353 14,418,620 36% Capital - 20,610 - - - - - - - - Bad Debt 83,831 1,749,145 423,366 225,000 409,500 228,125 - 228,125 181,375 56% Interfund Interfund Allocations 6,312,945 6,081,041 6,148,303 7,136,712 7,140,712 2,387,144 - 2,387,144 4,753,568 33% PILOT 4,543,120 4,465,686 4,489,126 4,385,589 4,385,589 2,241,827 - 2,241,827 2,143,763 51% Interfund Transfers Out 11,991,816 14,772,089 9,773,347 14,796,969 14,796,969 125,908 - 125,908 14,671,061 1% Total Interfund 22,847,881 25,318,816 20,410,776 26,319,270 26,323,270 4,754,879 - 4,754,879 21,568,392 18% Total Expenditures 37,949,214 41,932,947 37,432,072 46,643,483 49,231,742 10,872,297 2,191,059 13,063,356 36,168,387 27% Net Surplus / (Deficit) 3,316,590 (380,459) 6,039,390 (4,305,489) (6,893,748) 3,505,470 1,314,411 Beginning Cash Balance 13,825,371 11,466,153 13,825,371 13,825,371 Cash Adjustments 13,825,371 2,739,677 (6,043,699) - Ending Cash Balance 11,466,153 13,825,371 13,821,063 6,931,623 23,155,209 Cash Reserves Target 1,897,461 2,096,647 1,871,604 2,461,587 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Works Capital Fund Number 642 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 539,730 106,734 340,467 339,000 339,000 54,004 54,004 284,996 16% Interest Earnings 87,851 201,511 402,237 23,244 23,244 141,298 141,298 (118,054) 608% Other Income 24,656 19,550 - - - - - - - Interfund Transfers In 5,946,370 3,874,147 - 5,000,000 5,000,000 - - 5,000,000 0% Bond Proceeds - - 32,150,000 - - - - - - Total Revenue 6,598,607 4,201,942 32,892,704 5,362,244 5,362,244 195,302 - 195,302 5,166,942 4% Expenditures by Type Services & Charges Professional Services - 18,900 1,105,955 500,000 814,968 89,229 225,739 314,968 500,000 61% Total Services & Charges - 18,900 1,105,955 500,000 814,968 89,229 225,739 314,968 500,000 39% Capital 6,048,729 3,300,931 2,311,537 7,788,474 19,228,412 438,818 3,813,986 4,252,804 14,975,608 22% Bad Debt (1,031) - - - - - - - - - Total Expenditures 6,047,698 3,319,831 3,417,492 8,288,474 20,043,380 528,047 4,039,725 4,567,772 15,475,608 23% Net Surplus / (Deficit) 550,908 882,111 29,475,212 (2,926,230) (14,681,135) (332,745) (4,372,470) Beginning Cash Balance 14,359,708 13,821,218 14,359,708 14,359,708 Cash Adjustments (1,089,399) (343,621) (43,834,920) - Ending Cash Balance 13,821,218 14,359,708 - (321,428) 12,529,324 Cash Reserves Target - - - 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. 2023 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Works Operations & Maintenance Reserve Fund Number 643 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 32,719 53,797 162,855 - - 64,755 64,755 (64,755) - Interfund Transfers In - - - - - - - - - Total Revenue 32,719 53,797 162,855 - - 64,755 64,755 (64,755) - Expenditures Interfund Transfers Out 32,719 - - - - - - - - - Total Expenditures 32,719 - - - - - - - - - Net Surplus / (Deficit) - 53,797 162,855 - - 64,755 64,755 Beginning Cash Balance 5,550,801 5,550,801 5,550,801 5,550,801 Cash Adjustments - (53,797) (127,162) - Ending Cash Balance 5,550,801 5,550,801 5,586,493 5,550,801 5,828,210 Cash Reserves Target 4,327,098 4,527,715 5,740,277 5,740,277 Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Sinking (Debt Service) Fund Number 649 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 19,986 47,494 120,213 - - 71,874 71,874 (71,874) - Debt Proceeds 14,339,893 - - - - (335,958) (335,958) 335,958 - Interfund Transfers In 7,845,090 11,107,089 9,773,347 9,796,969 9,796,969 125,908 125,908 9,671,061 1% PILOT - - - - - 49,032 49,032 (49,032) - Total Revenue 22,204,969 11,154,583 9,893,560 9,796,969 9,796,969 (89,144) (89,144) 9,886,113 -1% Expenditures by Type Services & Charges Debt Service Principal 20,236,844 6,275,000 6,420,000 7,662,084 7,662,084 - - - 7,662,084 0% Debt Service Interest & Fees 1,779,749 1,238,373 1,076,591 2,134,885 2,134,885 (145,797) - (145,797) 2,280,682 -7% Total Services & Charges 22,016,593 7,513,373 7,496,591 9,796,969 9,796,969 (145,797) - (145,797) 9,942,766 -1% Interfund Transfers Out 1,509,210 - - - - - - - - - Total Expenditures 23,525,803 7,513,373 7,496,591 9,796,969 9,796,969 (145,797) - (145,797) 9,942,766 -1% Net Surplus / (Deficit) (1,320,833) 3,641,210 2,396,969 - - 56,653 56,653 Beginning Cash Balance - 1,320,833 - - Cash Adjustments 2,641,667 (4,962,043) 1,234,850 - Ending Cash Balance 1,320,833 - 3,631,819 - 6,089,949 Cash Reserves Target 1,320,833 - 3,631,819 - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Debt Service Reserve Fund Number 653 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 271 36,341 110,014 - - 89,720 89,720 (89,720) - Interfund Transfers In 1,509,210 - - - - - - - - Total Revenue 1,509,481 36,341 110,014 - - 89,720 89,720 (89,720) - Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel - - - - - - - - - Supplies Services & Charges Interfund Transfers Out 1,749,971 - - - - - - - - - - - - - - (188,862) - (188,862) 188,862 - Total Services & Charges 1,749,971 - - - - (188,862) - (188,862) 188,862 0% Capital - - Total Expenditures 1,749,971 - - - - (188,862) - (188,862) 188,862 - Net Surplus / (Deficit) (240,490) 36,341 110,014 - - 278,582 278,582 Beginning Cash Balance 3,749,760 3,990,250 3,749,760 3,749,760 Cash Adjustments 480,980 (276,832) (85,903) - Ending Cash Balance 3,990,250 3,749,760 3,773,871 3,749,760 4,171,997 Cash Reserves Target 3,990,250 3,749,760 3,773,871 3,749,760 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Sewage Works Customer Deposit Fund Number 654 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 4,446 10,905 37,039 - - 15,476 15,476 (15,476) - Total Revenue 4,446 10,905 37,039 - - 15,476 15,476 (15,476) - Expenditures Interfund Transfers Out 4,446 - - - - - - - - - Total Expenditures 4,446 - - - - - - - - - Net Surplus / (Deficit) - 10,905 37,039 - - 15,476 15,476 Beginning Cash Balance 903,840 649,073 903,840 903,840 Cash Adjustments (254,768) 243,863 244,562 - Ending Cash Balance 649,073 903,840 1,185,442 903,840 1,415,630 Cash Reserves Target 649,073 903,840 1,185,442 903,840 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Project ReLeaf Fund Number 655 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 466,321 455,212 455,392 456,126 456,126 151,272 151,272 304,854 33% Interest Earnings 2,322 4,980 13,471 7,640 7,640 5,564 5,564 2,076 73% Interfund Transfers In - 36,158 4,905 - - - - - - Total Revenue 468,643 496,350 473,768 463,766 463,766 156,837 156,837 306,930 34% Expenditures by Type Personnel Salaries & Wages 40,726 35,920 40,178 83,136 83,136 5,983 - 5,983 77,153 7% Fringe Benefits 3,115 2,810 3,074 6,360 6,360 458 - 458 5,902 7% Total Personnel 43,841 38,730 43,252 89,496 89,496 6,441 - 6,441 83,055 7% Supplies 3,980 6,928 4,380 7,605 7,605 - - - 7,605 0% Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 47,821 45,658 47,632 97,101 97,101 6,441 - 6,441 90,660 7% Bad Debt 1,793 43,213 6,436 6,500 11,405 5,810 - 5,810 5,595 51% Interfund Interfund Allocations 37,736 46,462 36,239 32,252 32,252 10,751 - 10,751 21,501 33% Interfund Transfers Out 500,000 300,000 275,000 300,000 300,000 100,000 - 100,000 200,000 33% Total Interfund 537,736 346,462 311,239 332,252 332,252 110,751 - 110,751 221,501 33% Total Expenditures 587,350 435,333 365,307 435,852 440,757 123,001 - 123,001 317,756 28% Net Surplus / (Deficit) (118,707) 61,017 108,461 27,914 23,009 33,835 33,835 Beginning Cash Balance 282,057 425,913 282,057 282,057 Cash Adjustments 262,563 (204,873) (37,452) - Ending Cash Balance 425,913 282,057 353,065 305,066 504,035 Cash Reserves Target 146,838 108,833 91,327 110,189 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Storm Sewer Fund Number 667 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 1,064,337 1,036,932 1,042,143 1,147,200 1,147,200 400,493 400,493 746,707 35% Intergov./ Grants 68,000 - 293,000 - - - - - - Interest Earnings 7,492 22,740 53,355 - - 24,417 24,417 (24,417) - Other Income - 12,000 - - - - - - - Interfund Transfers In - 73,642 10,305 - - - - - - Total Revenue 1,139,829 1,145,315 1,398,803 1,147,200 1,147,200 424,911 424,911 722,290 37% Expenditures by Type Services & Charges Professional Services 74,572 189,476 273,376 250,000 360,528 29,696 80,832 110,528 250,001 31% Other Services & Charges - - - - - - - - - - Salaries & Wages - - - 57,000 - - - - - - Fringe Benefits - - - 27,616 - - - - - - Total Services & Charges 74,572 189,476 273,376 334,616 360,528 29,696 80,832 110,528 250,001 31% Capital 436,855 1,217,100 389,687 1,250,000 2,808,042 679,138 734,190 1,413,328 1,394,714 50% Bad Debt 175 84,577 13,360 - 10,305 13,278 - 13,278 (2,973) 129% Total Expenditures 511,602 1,491,154 676,423 1,584,616 3,178,875 722,113 815,021 1,537,134 1,641,742 48% Net Surplus / (Deficit) 628,227 (345,839) 722,379 (437,416) (2,031,675) (297,202) (1,112,223) Beginning Cash Balance 1,604,154 1,032,916 1,604,154 1,604,154 Cash Adjustments (1,199,466) 917,078 (1,040,841) - Ending Cash Balance 1,032,916 1,604,154 1,285,693 (427,521) 2,294,205 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police State Seizures Fund Number 216 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 22,670 23,345 51,127 15,000 15,000 12,849 12,849 2,151 86% Interest Earnings 993 2,551 6,281 3,619 3,619 2,961 2,961 658 82% Other Income - - - - - - - - - Interfund Transfers In 7,636 - - - - - - - - Total Revenue 31,299 25,897 57,408 18,619 18,619 15,810 15,810 2,809 85% 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 71,043 - - - - - - - - - Total Expenditures 71,043 - - 22,000 22,000 - - - 22,000 0% Net Surplus / (Deficit) (39,744) 25,897 57,408 (3,381) (3,381) 15,810 15,810 Beginning Cash Balance 173,825 213,569 173,825 173,825 Cash Adjustments 79,488 (65,640) (32,143) - Ending Cash Balance 213,569 173,825 199,090 170,444 272,810 Cash Reserves Target 17,761 - - 5,500 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Curfew Violations Fund Number 218 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees - 171 - - - - - - - Interest Earnings 82 8 - - - - - - - Total Revenue 82 178 - - - - - - - Expenditures by Type Interfund Transfers Out - 14,059 - - - - - - - - Total Expenditures - 14,059 - - - - - - - - Net Surplus / (Deficit) 82 (13,880) - - - - - Beginning Cash Balance 13,880 13,799 13,880 13,880 Cash Adjustments (163) 13,962 (13,880) (13,880) 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Law Enforcement Continuing Education Fund Number 220 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 41,980 390,016 648,640 300,000 300,000 98,931 98,931 201,069 33% Charges for Services 115,024 136,492 106,073 120,700 120,700 39,095 39,095 81,605 32% Fines, Forfeitures, and Fees 89,648 111,666 117,605 107,272 107,272 30,598 30,598 76,674 29% Interest Earnings 2,229 8,766 20,473 11,263 11,263 9,915 9,915 1,348 88% Donations 500 785 8,400 1,060 1,060 - - 1,060 0% Other Income 2,970 1,884 93,350 - - 400 400 (400) - Interfund Transfers In 73,512 218,353 - - - - - - - Total Revenue 325,862 867,961 994,541 540,295 540,295 178,939 178,939 361,356 33% Expenditures by Type Supplies 193,652 198,761 209,080 180,000 415,019 143,174 155,252 298,426 116,592 72% Services & Charges Professional Services 188 1,929 13,866 - - 279 - 279 (279) - Education & Training 131,259 174,565 125,137 175,000 175,520 64,649 7,884 72,533 102,987 41% Travel 28,840 49,137 39,543 55,000 80,949 31,249 44,303 75,552 5,396 93% Other Services & Charges 69,045 52,751 20,734 59,250 44,550 4,352 300 4,652 39,898 10% Total Services & Charges 229,333 278,383 199,280 289,250 301,019 100,529 52,487 153,016 148,002 51% Capital - 26,338 301,100 40,000 290,000 277,429 - 277,429 12,571 96% Bad Debt - - - - - - - - - - Interfund Transfers Out - 19,000 - - - - - - - - Total Expenditures 422,985 522,482 709,459 509,250 1,006,038 521,133 207,739 728,872 277,165 72% Net Surplus / (Deficit) (97,123) 345,479 285,082 31,045 (465,743) (342,193) (549,932) Beginning Cash Balance 378,981 483,549 378,981 378,981 Cash Adjustments 201,690 (450,047) 53,679 - Ending Cash Balance 483,549 378,981 717,743 (86,761) 746,849 Cash Reserves Target 105,746 130,620 177,365 251,509 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Local Income Tax - Public Safety Fund Number 249 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 9,391,746 9,168,579 12,690,915 11,988,584 11,988,584 3,996,195 3,996,195 7,992,389 33% Interest Earnings 25,015 30,151 178,001 72,056 72,056 72,141 72,141 (85) 100% Total Revenue 9,416,761 9,198,730 12,868,916 12,060,640 12,060,640 4,068,336 4,068,336 7,992,304 34% Expenditures by Department Police Department 4,737,560 5,124,420 4,749,279 5,177,494 5,177,494 1,792,209 - 1,792,209 3,385,285 35% Fire Department 4,880,453 5,124,420 4,749,279 5,177,494 5,177,494 1,792,209 - 1,792,209 3,385,285 35% Total Expenditures 9,618,013 10,248,840 9,498,558 10,354,988 10,354,988 3,584,419 - 3,584,419 6,770,570 35% Expenditures by Type Personnel Salaries & Wages 7,651,358 10,248,840 9,498,558 10,354,988 10,354,988 3,584,419 - 3,584,419 6,770,569 35% Fringe Benefits 1,966,655 - - - - - - - - - Total Personnel 9,618,013 10,248,840 9,498,558 10,354,988 10,354,988 3,584,419 - 3,584,419 6,770,569 35% Total Expenditures 9,618,013 10,248,840 9,498,558 10,354,988 10,354,988 3,584,419 - 3,584,419 6,770,569 35% Net Surplus / (Deficit) (201,253) (1,050,110) 3,370,357 1,705,652 1,705,652 483,917 483,917 Beginning Cash Balance 3,844,465 4,045,717 3,844,465 3,844,465 Cash Adjustments 402,505 848,857 (4,428,821) - Ending Cash Balance 4,045,717 3,844,465 2,786,001 5,550,117 6,647,314 Cash Reserves Target - - - - Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Take Home Vehicle Fund Number 278 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 14,640 44,220 59,460 40,000 40,000 23,740 23,740 16,260 59% Interest Earnings 4,038 10,132 22,799 14,276 14,276 9,469 9,469 4,808 66% Total Revenue 18,678 54,352 82,259 54,276 54,276 33,209 33,209 21,068 61% Expenditures by Type Services & Charges Other Services & Charges 270 - 1,040 50,000 50,000 - - - 50,000 0% Total Services & Charges 270 - 1,040 50,000 50,000 - - - 50,000 0% Interfund Transfers Out - - - - - - - - - - Total Expenditures 270 - 1,040 50,000 50,000 - - - 50,000 0% Net Surplus / (Deficit) 18,408 54,352 81,219 4,276 4,276 33,209 33,209 Beginning Cash Balance 698,546 681,823 698,546 698,546 Cash Adjustments (35,131) (37,628) (29,288) - Ending Cash Balance 681,823 698,546 750,477 702,822 866,800 Cash Reserves Target 750,000 750,000 750,000 750,000 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Block Grants Fund Number 280 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 24 2 - - - - - - - Total Revenue 24 2 - - - - - - - Expenditures by Type Interfund Transfers Out - 4,165 - - - - - - - - Total Expenditures - 4,165 - - - - - - - - Net Surplus / (Deficit) 24 (4,162) - - - - - Beginning Cash Balance 4,162 4,138 4,162 4,162 Cash Adjustments (49) 4,187 (4,162) (4,162) Ending Cash Balance 4,138 4,162 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Fire Department Capital Fund Number 287 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - 75,000 75,000 - - 75,000 0% Charges for Services 1,905,360 1,972,044 2,031,836 2,066,825 2,066,825 690,628 690,628 1,376,197 33% Fines, Forfeitures, and Fees 300 47 26 - - - - - - Interest Earnings 8,474 25,176 29,370 - - 3,456 3,456 (3,456) - Debt Proceeds 210,000 1,355,000 1,430,000 3,410,000 3,410,000 - - 3,410,000 0% Other Income 1,334 35,574 - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 2,125,468 3,387,841 3,491,232 5,551,825 5,551,825 694,084 694,084 4,857,741 13% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Debt Service Principal 662,651 833,022 948,939 1,366,196 1,366,196 471,115 - 471,115 895,081 34% Debt Service Interest & Fees 36,120 29,449 45,632 133,153 133,154 20,682 - 20,682 112,472 16% Total Services & Charges 698,771 862,471 994,570 1,499,349 1,499,349 491,797 - 491,797 1,007,553 33% Capital 1,029,049 671,760 4,037,967 2,895,000 4,676,808 31,369 1,637,917 1,669,286 3,007,522 36% Interfund Transfers Out 750,306 748,656 752,356 746,961 746,961 206,750 - 206,750 540,211 28% Total Expenditures 2,478,126 2,282,888 5,784,893 5,141,311 6,923,119 729,917 1,637,917 2,367,833 4,555,286 34% Net Surplus / (Deficit) (352,658) 1,104,953 (2,293,661) 410,514 (1,371,294) (35,833) (1,673,749) Beginning Cash Balance 2,758,339 3,111,296 2,758,339 2,758,339 Cash Adjustments 705,616 (1,457,911) 3,392,102 - Ending Cash Balance 3,111,296 2,758,339 3,856,779 1,387,045 1,532,626 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Emergency Medical Services Operating Fund Number 288 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - - - - - - - - - Other Income - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Bad Debt - - - - - - - - - - Interfund Transfers Out 607,079 - - - - - - - - - Total Expenditures 607,079 - - - - - - - - - Net Surplus / (Deficit) (607,079) - - - - - - Beginning Cash Balance - 607,079 - - Cash Adjustments 1,214,157 (607,079) - - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Haz-Mat Fund Number 289 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - 3,000 2,375 5,000 5,000 1,745 1,745 3,255 35% Interest Earnings 165 403 910 585 585 385 385 200 66% Other Income - - - - - - - - - Total Revenue 165 3,403 3,285 5,585 5,585 2,130 2,130 3,455 38% Expenditures by Type Supplies - 200 - 10,000 10,000 - - - 10,000 0% Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - 200 - 10,000 10,000 - - - 10,000 0% Net Surplus / (Deficit) 165 3,203 3,285 (4,415) (4,415) 2,130 2,130 Beginning Cash Balance 28,102 27,937 28,102 28,102 Cash Adjustments (330) (3,038) (181) - Ending Cash Balance 27,937 28,102 31,206 23,688 36,700 Cash Reserves Target - 50 - 2,500 Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Indiana River Rescue Fund Number 291 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 94,550 125,805 149,173 90,000 90,000 79,600 79,600 10,400 88% Interest Earnings 1,993 5,011 12,217 7,878 7,878 5,619 5,619 2,259 71% Other Income 1,300 - - - - - - - - Total Revenue 97,843 130,816 161,390 97,878 97,878 85,219 85,219 12,659 87% Expenditures by Type Supplies 32,702 59,778 31,093 67,500 70,571 17,016 6,117 23,133 47,438 33% Services & Charges Professional Services - - - Printing & Advertising - - 2,101 1,300 1,300 - - - 1,300 0% Education & Training 13,608 22,179 21,269 10,000 10,000 7,444 2,078 9,522 478 95% Travel 1,483 - - - - - - - - - Repairs & Maintenance 4,210 7,796 1,770 13,000 13,000 - 3,292 3,292 9,708 25% Other Services & Charges 1,133 575 289 - - 1,089 - 1,089 (1,089) - Total Services & Charges 20,433 30,550 25,429 24,300 24,300 8,533 5,369 13,903 10,397 57% Capital - - 34,530 - - - - - - - Total Expenditures 53,135 90,328 91,052 91,800 94,871 25,549 11,487 37,035 57,835 39% Net Surplus / (Deficit) 44,708 40,488 70,338 6,078 3,008 59,670 48,183 Beginning Cash Balance 360,311 330,404 360,311 360,311 Cash Adjustments (74,615) (10,580) (41,077) - Ending Cash Balance 330,404 360,311 389,572 363,319 533,772 Cash Reserves Target 13,284 22,582 22,763 23,718 Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 360311.48 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Grants Fund Number 292 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Interfund Transfers Out - 26,716 - - - - - - - - Total Expenditures - 26,716 - - - - - - - - Net Surplus / (Deficit) - (26,716) - - - - - Beginning Cash Balance 26,716 26,716 26,716 26,716 Cash Adjustments - 26,716 (26,716) - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Regional Police Academy Fund Number 294 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 19,625 - - - - - - - - Interest Earnings 819 83 - - - - - - - Total Revenue 20,444 83 - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Other Services & Charges 100 - - - - - - - - - Total Services & Charges 100 - - - - - - - - - Interfund Transfers Out - 146,411 - - - - - - - - Total Expenditures 100 146,411 - - - - - - - - Net Surplus / (Deficit) 20,344 (146,328) - - - - - Beginning Cash Balance 146,328 125,984 146,328 146,328 Cash Adjustments (40,688) 166,672 (146,328) (146,328) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name COPS MORE Grant Fund Number 295 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 103,213 - - - - - - - - Fines, Forfeitures, and Fees 7,312 - - - - - - - - Interest Earnings 432 30 64 - - - - - - Other Income 120 - - - - - - - - Total Revenue 111,077 30 64 - - - - - - Expenditures by Type Supplies 16,331 - - - - - - - - - Services & Charges Other Services & Charges 6,214 - - - - - - - - - Total Services & Charges 6,214 - - - - - - - - - Capital 116,658 - - - - - - - - - Interfund Transfers Out - 24,566 - - - - - - - - Total Expenditures 139,203 24,566 - - - - - - - - Net Surplus / (Deficit) (28,126) (24,536) 64 - - - - Beginning Cash Balance 45,349 73,474 45,349 45,349 Cash Adjustments 56,251 (3,589) (24,600) (45,349) Ending Cash Balance 73,474 45,349 20,813 - 20,876 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Federal Drug Enforcement Fund Number 299 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 57,919 98,333 155,023 80,000 80,000 27,810 27,810 52,190 35% Interest Earnings 192 1,002 3,289 2,288 2,288 970 970 1,318 42% Interfund Transfers In - 19,000 - - - - - - - Total Revenue 58,110 118,335 158,312 82,288 82,288 28,780 28,780 53,508 35% Expenditures by Type Supplies - 34,145 - 50,000 50,000 - - - 50,000 0% Services & Charges Professional Services - 9,999 - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - 9,999 - - - - - - - - Capital - 15,835 75,609 - - - - - - - Interfund Transfers Out 81,148 - - - - - - - - - Total Expenditures 81,148 59,979 75,609 50,000 50,000 - - - 50,000 0% Net Surplus / (Deficit) (23,037) 58,356 82,703 32,288 32,288 28,780 28,780 Beginning Cash Balance 60,237 83,275 60,237 60,237 Cash Adjustments 46,075 (81,393) (24,347) - Ending Cash Balance 83,275 60,237 118,593 92,525 230,076 Cash Reserves Target 20,287 14,995 18,902 12,500 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 Expenditures are for replacement of police cars and for supplies related to drug enforcement and training. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2018 Fire Station #9 Bond Debt Service Fund Number 350 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Transfers In 345,306 344,156 342,856 341,331 341,331 - - 341,331 0% Total Revenue 345,306 344,156 342,856 341,331 341,331 - - 341,331 0% Expenditures by Type Services & Charges Debt Service Principal 205,000 210,000 215,000 220,000 220,000 110,000 - 110,000 110,000 50% Debt Service Interest & Fees 140,306 134,156 127,856 121,331 121,331 61,491 - 61,491 59,841 51% Total Services & Charges 345,306 344,156 342,856 341,331 341,331 171,491 - 171,491 169,841 50% Total Expenditures 345,306 344,156 342,856 341,331 341,331 171,491 - 171,491 169,841 50% Net Surplus / (Deficit) - - - - - (171,491) (171,491) Beginning Cash Balance - - - - Cash Adjustments - - - - Ending Cash Balance - - - - (171,491) 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. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2018 Fire Station #9 Bond Capital Fund Number 451 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,857 4,397 9,313 - - 3,703 3,703 (3,703) - Total Revenue 1,857 4,397 9,313 - - 3,703 3,703 (3,703) - Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 1,857 4,397 9,313 - - 3,703 3,703 Beginning Cash Balance 316,090 314,233 316,090 316,090 Cash Adjustments (3,714) (2,540) (5,951) - Ending Cash Balance 314,233 316,090 319,452 316,090 333,274 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Fire Pension Fund Number 701 Fund Type Pension Trust Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 4,101,279 4,061,778 4,063,376 4,600,000 4,600,000 - - 4,600,000 0% Interest Earnings 1,809 6,207 10,004 10,839 10,839 1,399 1,399 9,440 13% Other Income - 5,728 2,166 - - (44) (44) 44 - Total Revenue 4,103,087 4,073,713 4,075,547 4,610,839 4,610,839 1,355 1,355 4,609,484 0% Expenditures by Type Personnel Salaries & Wages 4,131,672 4,122,958 4,038,647 4,433,046 4,433,046 1,340,478 - 1,340,478 3,092,568 30% Total Personnel 4,131,672 4,122,958 4,038,647 4,433,046 4,433,046 1,340,478 - 1,340,478 3,092,568 30% Supplies - - 93 100 100 - - - 100 0% Services & Charges Professional Services 3,500 8,767 3,825 14,000 14,000 3,500 3,500 7,000 7,000 50% Travel - - - 350 350 - - - 350 0% Other Services & Charges 1,296 1,182 1,186 1,400 1,400 541 - 541 859 39% Total Services & Charges 4,796 9,949 5,011 15,750 15,750 4,041 3,500 7,541 8,209 48% Total Expenditures 4,136,468 4,132,907 4,043,751 4,448,896 4,448,896 1,344,519 3,500 1,348,019 3,100,877 30% Net Surplus / (Deficit) (33,381) (59,194) 31,796 161,943 161,943 (1,343,164) (1,346,664) Beginning Cash Balance 420,180 453,561 420,180 420,180 Cash Adjustments 66,762 25,814 (91,898) - Ending Cash Balance 453,561 420,180 360,078 582,123 (950,383) Cash Reserves Target 413,647 413,291 404,375 444,890 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police Pension Fund Number 702 Fund Type Pension Trust Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 5,950,693 6,010,721 5,984,746 5,800,000 5,800,000 - - 5,800,000 0% Interest Earnings 2,305 9,558 14,162 8,312 8,312 1,586 1,586 6,726 19% Other Income 4,119 1,527 - 2,120 2,120 - - 2,120 0% Total Revenue 5,957,118 6,021,806 5,998,908 5,810,432 5,810,432 1,586 1,586 5,808,846 0% Expenditures by Type Personnel Salaries & Wages 5,958,435 5,960,160 6,105,589 5,886,264 5,886,264 2,030,007 - 2,030,007 3,856,257 34% Total Personnel 5,958,435 5,960,160 6,105,589 5,886,264 5,886,264 2,030,007 - 2,030,007 3,856,257 34% Supplies - - - - - - - - - - Services & Charges Professional Services 3,500 3,500 3,500 6,500 7,000 3,500 3,500 7,000 - 100% Travel - - - 500 - - - - - - Other Services & Charges 829 999 1,116 1,400 1,400 395 - 395 1,005 28% Total Services & Charges 4,329 4,499 4,616 8,400 8,400 3,895 3,500 7,395 1,005 88% Total Expenditures 5,962,764 5,964,659 6,110,205 5,894,664 5,894,664 2,033,902 3,500 2,037,402 3,857,262 35% Net Surplus / (Deficit) (5,646) 57,147 (111,297) (84,232) (84,232) (2,032,316) (2,035,816) Beginning Cash Balance 560,923 566,569 560,923 560,923 Cash Adjustments 11,292 (62,793) 166,889 - Ending Cash Balance 566,569 560,923 616,515 476,691 (1,525,544) Cash Reserves Target 596,276 596,466 611,020 589,466 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Police K-9 Unit Fund Number 705 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 14 1 - - - - - - - Donations - - - - - - - - - Total Revenue 14 1 - - - - - - - Expenditures by Type Interfund Transfers Out - 2,436 - - - - - - - - Total Expenditures - 2,436 - - - - - - - - Net Surplus / (Deficit) 14 (2,435) - - - - - Beginning Cash Balance 2,435 2,420 2,435 2,435 Cash Adjustments (29) 2,449 (2,435) (2,435) Ending Cash Balance 2,420 2,435 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Parks & Recreation Fund Number 201 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 10,271,000 10,742,492 11,441,107 12,054,149 12,054,149 - - 12,054,149 0% Intergov./ Shared Revenues 911,437 427,491 861,197 897,088 897,088 - - 897,088 0% Intergov./ Grants 200,000 - 135,000 - - - - - - Licenses & Permits 253 348 289 - - 105 105 (105) - Charges for Services 2,922,965 3,503,012 3,171,541 2,959,252 2,959,252 828,197 828,197 2,131,055 28% Fines, Forfeitures, and Fees 12 24 - - - - - - - Interest Earnings 20,758 37,004 130,670 59,330 59,330 79,100 79,100 (19,770) 133% Debt Proceeds - 1,290,000 - 1,172,500 1,172,500 - - 1,172,500 0% Donations 912,899 640,929 1,447,300 294,000 294,000 - - 294,000 0% Other Income 132,135 336,986 240,432 84,784 84,784 37,865 37,865 46,919 45% Interfund Transfers In 1,232,541 119,221 5,372,562 6,000,000 6,000,000 2,000,000 2,000,000 4,000,000 33% Total Revenue 16,604,000 17,097,508 22,800,098 23,521,103 23,521,103 2,945,267 2,945,267 20,575,836 13% Expenditures by Division Community Initiatives - - 1,280,884 1,639,574 1,735,079 455,574 301,526 757,100 977,979 44% Park Administration 1,528,718 1,068,419 1,000,988 1,274,302 1,319,153 368,951 42,144 411,095 908,058 31% Park Maintenance 6,987,490 7,955,421 9,494,446 9,646,173 10,270,298 2,792,026 1,158,622 3,950,649 6,319,649 38% Golf Courses 1,700,799 1,975,148 2,215,416 2,397,706 2,769,442 627,294 141,850 769,144 2,000,298 28% Recreational Experiences 2,683,314 2,294,300 2,376,955 2,636,923 2,656,624 716,458 43,939 760,397 1,896,226 29% Community Programming - 1,219,796 1,331,326 1,942,148 1,942,591 354,550 2,312 356,862 1,585,729 18% Development & Promotions 911,174 1,068,863 1,069,187 1,659,496 2,460,081 207,717 11,900 219,617 2,240,464 9% Park Projects & Capital 460,817 485,729 838,269 400,000 9,085,621 617,438 6,538,689 7,156,127 1,929,494 79% Potawatomi Zoo 701,965 701,803 602,174 403,422 403,422 201,141 200,000 401,141 2,281 99% Total Expenditures 14,974,277 16,769,479 20,209,644 21,999,744 32,642,310 6,341,148 8,440,983 14,782,131 17,860,178 45% Expenditures by Type Personnel Salaries & Wages 5,799,795 6,158,855 7,098,989 8,069,907 8,055,797 2,165,489 - 2,165,489 5,890,308 27% Fringe Benefits 2,037,827 2,100,307 2,297,681 3,007,874 3,007,459 745,119 - 745,119 2,262,339 25% Total Personnel 7,837,623 8,259,162 9,396,670 11,077,781 11,063,255 2,910,609 - 2,910,609 8,152,647 26% Supplies 1,372,042 1,591,115 1,611,704 1,839,279 1,969,379 495,458 264,864 760,322 1,209,056 39% Services & Charges Professional Services 114,458 195,731 565,516 779,706 949,132 296,608 408,969 705,576 243,556 74% Printing & Advertising 155,635 409,687 631,575 731,687 1,536,811 82,091 23,764 105,855 1,430,955 7% Utilities 930,114 942,839 914,400 1,203,300 1,203,100 277,252 - 277,252 925,848 23% Education & Training 15,827 22,292 96,883 55,100 58,558 7,382 7,046 14,427 44,131 25% Travel 5,123 19,192 16,085 33,630 34,376 4,427 5,718 10,145 24,231 30% Grants & Subsidies 715,000 715,000 1,058,200 665,000 665,000 201,000 225,000 426,000 239,000 64% Other Services & Charges 565,456 881,498 680,718 919,844 930,727 172,886 147,278 320,164 610,563 34% Debt Service Principal 452,898 379,954 462,762 326,793 721,409 138,605 - 138,605 582,803 19% Debt Service Interest & Fees 31,020 23,547 56,745 43,002 114,863 11,732 - 11,732 103,131 10% Total Services & Charges 3,621,808 4,190,681 5,443,231 5,694,345 7,182,598 1,451,007 972,710 2,423,718 4,758,880 34% Operating Expenditures 12,831,473 14,040,958 16,451,604 18,611,404 20,215,232 4,857,074 1,237,574 6,094,649 14,120,583 30% Capital 474,790 896,973 1,807,647 1,217,508 10,241,721 756,093 7,203,408 7,959,501 2,282,220 78% Bad Debt - 1,100 240 - - 160 - 160 (160) - 5,865,858 Interfund Interfund Allocations 1,668,015 1,830,448 1,950,153 2,170,831 2,185,356 727,821 - 727,821 1,457,535 33% Interfund Transfers Out - - - - - - - - - - Total Interfund 1,668,015 1,830,448 1,950,153 2,170,831 2,185,356 727,821 - 727,821 1,457,535 33% Total Expenditures 14,974,277 16,769,479 20,209,644 21,999,744 32,642,310 6,341,148 8,440,983 14,782,131 17,860,178 45% Net Surplus / (Deficit) 1,629,723 328,028 2,590,454 1,521,360 (9,121,207) (3,395,881) (11,836,864) Beginning Cash Balance 5,865,858 4,156,004 5,865,858 5,865,858 Cash Adjustments (3,339,577) 1,381,825 (2,232,403) - Ending Cash Balance 4,156,004 5,865,858 6,223,909 (3,255,349) 5,491,651 Cash Reserves Target 3,743,569 4,192,370 5,052,411 8,160,577 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Morris PAC / Palais Royale Marketing Fund Number 273 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 4,983 - - - - - - - - Interest Earnings 453 43 - - - - - - - Donations 500 - - - - - - - - Total Revenue 5,936 43 - - - - - - - Expenditures by Type Services & Charges Printing & Advertising 7,648 - - - - - - - - - Total Services & Charges 7,648 - - - - - - - - - Interfund Transfers Out - 74,852 - - - - - - - - Total Expenditures 7,648 74,852 - - - - - - - - Net Surplus / (Deficit) (1,712) (74,809) - - - - - Beginning Cash Balance 74,809 76,521 74,809 74,809 Cash Adjustments 3,423 73,098 (74,809) (74,809) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Morris PAC Self-Promotion Fund Number 274 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 37,223 - - - - - - - - Interest Earnings 1,355 150 - - - - - - - Total Revenue 38,578 150 - - - - - - - Expenditures by Type Services & Charges Printing & Advertising - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out - 264,160 - - - - - - - - Total Expenditures - 264,160 - - - - - - - - Net Surplus / (Deficit) 38,578 (264,010) - - - - - Beginning Cash Balance 264,010 225,432 264,010 264,010 Cash Adjustments (77,156) 302,588 (264,010) (264,010) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2017 Parks Bond Debt Service Fund Number 312 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 1,116,956 1,149,510 1,080,710 1,125,000 1,125,000 - - 1,125,000 0% Intergov./ Shared Revenues 68,319 32,012 54,790 49,747 49,747 - - 49,747 0% Interest Earnings 500 253 438 3,748 3,748 926 926 2,822 25% Total Revenue 1,185,775 1,181,774 1,135,939 1,178,495 1,178,495 926 926 1,177,569 0% Expenditures by Type Services & Charges Debt Service Principal 825,000 830,000 865,000 890,000 890,000 435,000 - 435,000 455,000 49% Debt Service Interest & Fees 364,190 339,365 314,165 287,990 287,990 147,258 - 147,258 140,733 51% Total Services & Charges 1,189,190 1,169,365 1,179,165 1,177,990 1,177,990 582,258 - 582,258 595,733 49% Total Expenditures 1,189,190 1,169,365 1,179,165 1,177,990 1,177,990 582,258 - 582,258 595,733 49% Net Surplus / (Deficit) (3,415) 12,409 (43,226) 505 505 (581,332) (581,332) Beginning Cash Balance 184,163 187,578 184,163 184,163 Cash Adjustments 6,829 (15,824) 55,635 - Ending Cash Balance 187,578 184,163 196,572 184,668 (427,986) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Coveleski Stadium Capital Fund Number 401 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - 21,182 31,611 25,000 25,000 - - 25,000 0% Interest Earnings 58 25 111 - - 24 24 (24) - Total Revenue 58 21,207 31,722 25,000 25,000 24 24 24,976 0% Expenditures by Type Services & Charges Repairs & Maintenance 10,183 17,784 33,159 40,000 40,000 16,283 5,343 21,626 18,374 54% Total Services & Charges 10,183 17,784 33,159 40,000 40,000 16,283 5,343 21,626 18,374 54% Capital - - - - - - - - - - Total Expenditures 10,183 17,784 33,159 40,000 40,000 16,283 5,343 21,626 18,374 54% Net Surplus / (Deficit) (10,125) 3,422 (1,437) (15,000) (15,000) (16,259) (21,602) Beginning Cash Balance 814 11,685 814 814 Cash Adjustments 20,995 (14,293) 4,849 - Ending Cash Balance 11,685 814 4,226 (14,186) (13,460) 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Professional Sports Convention Development Area Fund Number 413 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 775,414 2,082,741 2,055,414 5,000,000 5,000,000 2,221,462 2,221,462 2,778,538 44% Interest Earnings 218 14,387 15,005 - - 11,317 11,317 (11,317) - Total Revenue 775,632 2,097,128 2,070,419 5,000,000 5,000,000 2,232,779 2,232,779 2,767,221 45% Expenditures by Type Services & Charges Debt Service Principal - - - 1,337,704 - - - - - - Debt Service Interest & Fees - - - 1,586,755 - - - - - - Interfund Transfers Out - - - - 366,418 113,347 61,282 174,629 191,789 48% Total Services & Charges - - - 2,924,460 366,418 113,347 61,282 174,629 191,789 48% Capital - 1,121,352 3,568,457 - 366,418 113,347 61,282 174,629 191,789 48% Interfund Transfers Out 113,347 61,282 174,629 (174,629) - Total Expenditures - 1,121,352 3,568,457 2,924,460 732,837 226,694 122,565 523,888 208,949 71% Net Surplus / (Deficit) 775,632 975,776 (1,498,038) 2,075,540 4,267,163 2,006,085 (122,565) 1,708,891 Beginning Cash Balance 775,632 - 775,632 775,632 Cash Adjustments (1,551,263) (200,145) 2,188,709 - Ending Cash Balance - 775,632 1,466,302 5,042,795 2,372,107 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Morris Performing Arts Center Capital Fund Number 416 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues - - - - - - - - - Charges for Services 37,223 - - - - - - - - Interest Earnings 1,057 8,138 307 - - 103 103 (103) - Reimbursements - - 378,872 - - - - - - Debt Proceeds - 6,501,890 - - - - - - - Interfund Transfers In 1,800,000 - - - - - - - - Total Revenue 1,838,280 6,510,028 379,179 - - 103 103 (103) - Expenditures by Type Supplies 14,811 - - - - - - - - - Services & Charges Professional Services - 30,000 - - - - - - - - Printing & Advertising 90 - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Debt Service Interest & Fees - 359,274 - - - - - - - - Total Services & Charges 90 389,274 - - - - - - - - Capital 113,550 6,810,900 1,440,954 - 1,986,012 121,724 169,743 291,467 1,694,545 15% Total Expenditures 128,451 7,200,174 1,440,954 - 1,986,012 121,724 169,743 291,467 1,694,545 15% Net Surplus / (Deficit) 1,709,829 (690,145) (1,061,775) - (1,986,012) (121,622) (291,365) Beginning Cash Balance 1,912,926 203,098 1,912,926 1,912,926 Cash Adjustments (3,419,657) 2,399,974 516,958 - Ending Cash Balance 203,098 1,912,926 1,368,110 (73,086) 39,182 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Palais Royale Historic Preservation Fund Number 450 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 12,078 14,235 15,594 14,500 14,500 5,653 5,653 8,847 39% Interest Earnings 493 1,417 3,450 1,729 1,729 1,474 1,474 256 85% Total Revenue 12,571 15,653 19,044 16,229 16,229 7,127 7,127 9,103 44% Expenditures by Type Services & Charges Repairs & Maintenance - - - 20,000 20,000 - - - 20,000 0% Total Services & Charges - - - 20,000 20,000 - - - 20,000 0% Capital - - - - - - - - - - Total Expenditures - - - 20,000 20,000 - - - 20,000 0% Net Surplus / (Deficit) 12,571 15,653 19,044 (3,771) (3,771) 7,127 7,127 Beginning Cash Balance 93,481 80,911 93,481 93,481 Cash Adjustments (25,142) (3,082) (3,739) - Ending Cash Balance 80,911 93,481 108,786 89,711 135,232 Cash Reserves Target - - - - Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Zoo Bond Capital Fund Number 453 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - 205 122 - - - - - - Debt Proceeds - 5,891,800 - - - - - - - Total Revenue - 5,892,006 122 - - - - - - Expenditures by Type Services & Charges Debt Service Interest & Fees - 318,188 - - - - - - - - Total Services & Charges - 318,188 - - - - - - - - Capital - 1,105,985 4,467,955 - - 0 - 0 - - Total Expenditures - 1,424,173 4,467,955 - - 0 - 0 - - Net Surplus / (Deficit) - 4,467,833 (4,467,833) - - (0) (0) Beginning Cash Balance - - - - Cash Adjustments - (4,467,833) 8,935,665 - Ending Cash Balance - - 4,467,833 - - 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2017 Parks Bond Capital Fund Number 471 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 31,461 45,200 43,384 - - 13,241 13,241 (13,241) - Total Revenue 31,461 45,200 43,384 - - 13,241 13,241 (13,241) - Expenditures by Series Supported by Interest Earned - - - - - - - - - - Series A - Howard Park - - - - - - - - - - Series B - St. Louis Street - 21,539 3,881 - 400 - - - 400 0% Series C - Colfax-Seitz 821,301 189,497 672 - 123 - - - 123 0% Series D - Howard-Farmers 104,566 - 2,816 - - - - - - - Series E - Miami-Twyckenham 97,564 8,218 15,000 - 10,000 - - - 10,000 0% Series F - Seitz Park - 1,085,400 2,565 - 200 - - - 200 0% Series G - East Race 2,230 543,907 465,962 - 267,485 267,485 - 267,485 - 100% Series H - Pinhook Park 471,842 26,051 57,555 - 42,068 - 1,568 1,568 40,500 4% Series I - Other Park Improv. 66,543 13,778 44,749 - 67,225 - 58,553 58,553 8,672 87% Series J - Pinhook Connect 127,248 1,263 4,403 - 35,191 - 1,001 1,001 34,190 3% Series K - Future Projects 3,917 304,899 182,721 - 412,005 - 31,327 31,327 380,679 8% Total Expenditures 1,695,211 2,194,553 780,322 - 834,698 267,485 92,449 359,934 474,764 43% Expenditures by Type Services & Charges Professional Services - 6,414 - - - - - - - - Total Services & Charges - 6,414 - - - - - - - - Capital 1,695,211 2,188,139 780,322 - 834,698 267,485 92,449 359,934 474,764 43% Total Expenditures 1,695,211 2,194,553 780,322 - 834,698 267,485 92,449 359,934 474,764 43% Net Surplus / (Deficit) (1,663,750) (2,149,352) (736,938) - (834,698) (254,244) (346,693) Beginning Cash Balance 4,259,726 5,926,118 4,259,726 4,259,726 Cash Adjustments 3,330,142 482,960 (934,876) - Ending Cash Balance 5,926,118 4,259,726 2,587,911 3,425,027 1,116,676 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Parking Garages Fund Number 601 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 905,346 778,176 842,422 1,110,288 1,110,288 110,027 110,027 1,000,261 10% Fines, Forfeitures, and Fees 45,810 47,241 69,839 57,798 57,798 19,470 19,470 38,328 34% Interest Earnings 4,803 11,309 22,813 9,775 9,775 5,695 5,695 4,081 58% Other Income 71 3,404 - - - - - - - Total Revenue 956,029 840,130 935,075 1,177,861 1,177,861 135,192 135,192 1,042,670 11% Expenditures by Subdivisions Parking Enforcement 3,992 607 80,623 233,434 233,434 34,812 50,650 85,462 147,972 37% Parking General Operations 435,881 406,178 585,441 69,970 109,970 29,390 12,662 42,052 67,918 38% Main Street Garage 109,357 180,396 210,216 299,423 343,973 43,116 14,398 57,514 286,459 17% Leighton Plaza Garage 108,032 164,397 231,288 302,183 354,499 41,870 - 41,870 312,629 12% Wayne Street Garage 67,306 140,760 154,644 298,586 285,586 9,450 15,645 25,096 260,490 9% Eddy St Commons Garage - - - - - - - - - - Total Expenditures 724,568 892,339 1,262,212 1,203,596 1,327,462 158,638 93,355 251,994 1,075,468 19% Expenditures by Type Personnel Other Personnel Costs 172,990 286,156 197,293 - - - - - - - Total Personnel 172,990 286,156 197,293 - - - - - - - Supplies 21,389 22,310 29,259 21,564 21,880 1,918 - 1,918 19,962 9% Services & Charges Professional Services 164,606 18,974 636,076 906,235 875,235 68,528 92,214 160,742 714,493 18% Utilities 101,784 101,206 114,917 - 123,500 25,580 - 25,580 97,920 21% Repairs & Maintenance 63,496 69,498 143,195 1,020 31,070 26,088 1,141 27,229 3,841 88% Other Services & Charges 24,276 15,787 41,864 27,861 28,861 4,219 - 4,219 24,642 15% Total Services & Charges 354,162 205,465 936,052 935,116 1,058,666 124,415 93,355 217,770 840,896 21% Operating Expenditures 548,541 513,932 1,162,603 956,680 1,080,546 126,333 93,355 219,688 860,858 20% Capital 14,248 275,068 - 150,000 150,000 - - - 150,000 0% Interfund Allocations 161,738 103,285 99,609 96,916 96,916 32,305 - 32,305 64,611 33% Total Expenditures 724,568 892,339 1,262,212 1,203,596 1,327,462 158,638 93,355 251,994 1,075,469 19% Net Surplus / (Deficit) 231,462 (52,209) (327,138) (25,735) (149,600) (23,446) (116,801) Beginning Cash Balance 907,380 674,268 907,380 907,380 Cash Adjustments (464,574) 285,321 284,719 - Ending Cash Balance 674,268 907,380 864,961 757,779 482,305 Cash Reserves Target 907,380 223,085 315,553 331,865 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Morris Performing Arts Center Operations Fund Number 602 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - 1,028,252 988,672 1,587,871 1,587,871 365,516 365,516 1,222,355 23% Donations - 8,750 - - - - - - - Interest Earnings - 9,447 2,954 7,863 7,863 5,269 5,269 2,593 67% Other Income - 58,561 172,449 50,636 50,636 5,155 5,155 45,481 10% Interfund Allocation Reimb - 29,817 - - - - - - - Interfund Transfers In - 939,012 - - - - - - - Total Revenue - 2,073,839 1,164,076 1,646,369 1,646,369 375,940 375,940 1,270,429 23% Expenditures by Subdivisions Morris Performing Arts Center - 1,168,404 1,413,999 1,647,070 1,689,441 542,768 49,147 591,916 1,097,525 35% Events Promotion - - - 85,000 85,000 - - - 85,000 0% Total Expenditures - 1,168,404 1,413,999 1,732,070 1,774,441 542,768 49,147 591,916 1,182,525 33% Expenditures by Type Personnel Salaries & Wages - 401,782 462,227 526,333 526,333 174,138 - 174,138 352,195 33% Fringe Benefits - 165,552 176,654 236,392 235,192 62,522 - 62,522 172,670 27% Total Personnel - 567,334 638,881 762,725 761,525 236,660 - 236,660 524,865 31% Supplies - 25,631 32,647 33,388 33,388 18,507 1,689 20,196 13,192 60% Services & Charges Professional Services - 63,163 61,849 85,000 87,668 28,482 3,183 31,665 56,003 36% Printing & Advertising - 52,191 74,137 178,637 185,019 23,374 39,004 62,378 122,641 34% Utilities - 133,765 137,372 163,103 163,103 42,279 - 42,279 120,824 26% Repairs & Maintenance - 56,533 66,555 110,000 137,068 52,296 1,538 53,833 83,235 39% Education & Training - 2,413 3,718 4,590 7,084 6,765 150 6,915 169 98% Travel - 5,775 4,341 6,120 6,120 - - - 6,120 0% Other Services & Charges - 39,255 114,797 92,240 95,998 35,278 3,583 38,861 57,137 40% Total Services & Charges - 353,095 462,767 639,690 682,060 188,473 47,459 235,932 446,129 35% Operating Expenditures - 946,060 1,134,295 1,435,803 1,476,973 443,641 49,147 492,788 984,186 33% Interfund Interfund Allocations - 222,344 279,705 296,268 297,468 99,127 - 99,127 198,340 33% Total Interfund - 222,344 279,705 296,268 297,468 99,127 - 99,127 198,340 33% Total Expenditures - 1,168,404 1,413,999 1,732,070 1,774,441 542,768 49,147 591,916 1,182,526 33% Net Surplus / (Deficit) - 905,436 (249,924) (85,701) (128,072) (166,828) (215,975) Beginning Cash Balance - - - - Cash Adjustments - (905,436) 249,924 - Ending Cash Balance - - - (128,072) 476,528 Cash Reserves Target - 116,840 141,400 177,444 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). City of South Bend, Indiana Monthly Financial Report April 30, 2024 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Historical Revenue by Fund General Fund (#101) 1,736,453 54,878 - - - - - - - - Morris Marketing (#273) 5,936 43 - - - - - - - - Morris Self-Promotion (#274) 38,578 150 - - - - - - - Morris Operations Fund (#602) - 2,073,839 1,164,076 1,646,369 1,646,369 375,940 375,940 1,270,429 23% Total Revenue 1,780,967 2,128,910 1,164,076 1,646,369 1,646,369 375,940 375,940 1,270,429 23% Revenue Intergov./ Grants 992,163 - - - - - - - - Charges for Services 696,886 1,028,252 988,672 1,587,871 1,587,871 365,516 365,516 1,222,355 23% Interest Earnings 1,808 9,640 2,954 7,863 7,863 5,269 5,269 2,593 67% Donations 500 8,750 - - - - - - - Other Income 2,864 113,439 172,449 50,636 50,636 5,155 5,155 45,481 10% Interfund Allocation Reimb 86,746 29,817 - - - - - - - Interfund Transfers In - 939,012 - - - - - - - Total Revenue 1,780,967 2,128,910 1,164,076 1,646,369 1,646,369 375,940 375,940 1,270,429 23% Expenditures by Fund General Fund (#101) 1,106,303 643,333 184 - - - - - - - Morris Marketing (#273) 7,648 74,852 - - - - - - - - Morris Self-Promotion (#274) - 264,160 - - - - - - - - Morris Operations Fund (#602) - 1,168,404 1,413,999 1,732,070 1,774,441 542,768 49,147 591,916 1,182,525 33% Total Expenditures 1,113,951 2,150,749 1,414,183 1,732,070 1,774,441 542,768 49,147 591,916 1,182,525 33% Expenditures by Type Personnel Salaries & Wages 430,859 401,782 462,227 526,333 526,333 174,138 - 174,138 352,195 33% Fringe Benefits 200,379 165,552 176,654 236,392 235,192 62,522 - 62,522 172,670 27% Total Personnel 631,239 567,334 638,881 762,725 761,525 236,660 - 236,660 524,865 31% Supplies 29,271 34,066 32,647 33,388 33,388 18,507 1,689 20,196 13,192 60% Services & Charges Professional Services 1,650 67,607 61,849 85,000 87,668 28,482 3,183 31,665 56,003 36% Printing & Advertising 21,798 74,502 74,321 178,637 185,019 23,374 39,004 62,378 122,641 34% Utilities 110,532 133,765 137,372 163,103 163,103 42,279 - 42,279 120,824 26% Repairs & Maintenance 61,776 62,349 66,555 110,000 137,068 52,296 1,538 53,833 83,235 39% Education & Training 3,224 2,438 3,718 4,590 7,084 6,765 150 6,915 169 98% Travel 3,626 6,711 4,341 6,120 6,120 - - - 6,120 0% Other Services & Charges 12,862 40,622 114,797 92,240 95,998 35,278 3,583 38,861 57,137 40% Total Services & Charges 215,468 387,992 462,951 639,690 682,060 188,473 47,459 235,932 446,128 35% Interfund Interfund Allocations 237,973 222,344 279,705 296,268 297,468 99,127 - 99,127 198,340 33% Interfund Transfers Out - 939,012 - - - - - - - - Total Interfund 237,973 1,161,356 279,705 296,268 297,468 99,127 - 99,127 198,340 33% Total Expenditures 1,113,951 2,150,749 1,414,183 1,732,070 1,774,441 542,768 49,147 591,916 1,182,525 33% Net Surplus / (Deficit) 667,016 (21,838) (250,107) (85,701) (128,072) (166,828) (215,975) 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Century Center Operations Fund Number 670 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 637,500 1,675,000 1,275,000 1,275,000 1,275,000 - - 1,275,000 0% Charges for Services 1,401,480 3,186,633 3,008,853 3,341,100 3,341,100 765,877 765,877 2,575,223 23% Interest Earnings 54 677 8,476 - - 4,181 4,181 (4,181) - Other Income 5,177 125,315 99,675 8,160 8,160 (8,081) (8,081) 16,241 -99% Interfund Allocation Reimb 67,477 28,827 70,842 71,905 71,905 23,968 23,968 47,937 33% Total Revenue 2,111,688 5,016,452 4,462,846 4,696,165 4,696,165 785,946 785,946 3,910,220 17% Expenditures by Subdivisions City Operations 1,246,312 1,229,534 1,197,943 1,655,029 1,675,629 450,769 25,201 475,971 1,199,658 28% Food & Beverage Operations 1,702,069 2,874,119 2,930,880 3,012,827 3,012,827 1,080,016 - 1,080,016 1,932,811 36% Total Expenditures 2,948,380 4,103,653 4,128,823 4,667,856 4,688,456 1,530,786 25,201 1,555,987 3,132,469 33% Expenditures by Type Personnel Salaries & Wages 350,615 334,824 337,490 499,294 498,494 120,301 - 120,301 378,193 24% Fringe Benefits 124,970 114,116 112,298 206,006 206,006 40,446 - 40,446 165,560 20% Other Personnel Costs 730,187 1,113,680 1,241,993 1,227,917 1,227,917 505,083 - 505,083 722,834 41% Total Personnel 1,205,772 1,562,621 1,691,781 1,933,217 1,932,417 665,830 - 665,830 1,266,587 34% Supplies 551,277 1,064,660 950,670 1,170,394 1,170,528 256,494 3,682 260,176 910,352 22% Services & Charges Professional Services 107,162 179,143 198,618 102,000 102,826 73,923 - 73,923 28,903 72% Printing & Advertising 543 - - - - - - - - - Utilities 348,609 356,068 347,863 439,977 439,662 111,896 - 111,896 327,766 25% Repairs & Maintenance 71,901 72,081 136,704 112,506 132,146 80,036 21,519 101,556 30,590 77% Education & Training 428 - 799 200 200 - - - 200 0% Travel 574 - - - - - - - - - Insurance 48,906 50,834 73,264 53,040 53,040 51,369 - 51,369 1,671 97% Other Services & Charges 268,797 476,332 476,549 542,405 542,720 202,164 - 202,164 340,556 37% Total Services & Charges 846,920 1,134,458 1,233,797 1,250,128 1,270,594 519,389 21,519 540,908 729,686 43% Operating Expenditures 2,603,968 3,761,739 3,876,248 4,353,739 4,373,539 1,441,713 25,201 1,466,914 2,906,625 34% Interfund Allocations 247,195 241,226 252,575 206,298 207,098 89,073 - 89,073 118,025 43% Interfund Transfers Out 97,217 100,688 - 107,819 107,819 - - - 107,819 0% Total Interfund 344,412 341,914 252,575 314,117 314,917 89,073 - 89,073 225,844 28% Total Expenditures 2,948,380 4,103,653 4,128,823 4,667,856 4,688,456 1,530,786 25,201 1,555,987 3,132,469 33% Net Surplus / (Deficit) (836,692) 912,799 334,024 28,309 7,709 (744,839) (770,041) Beginning Cash Balance 194,350 1,016,748 194,350 194,350 Cash Adjustments 1,659,091 (1,735,198) 417,555 - Ending Cash Balance 1,016,748 194,350 945,928 202,059 335,405 Cash Reserves Target 737,095 1,025,913 1,032,206 1,172,114 194,349.94 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Century Center Capital Fund Number 671 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 98 5,748 33,418 22,457 22,457 11,874 11,874 10,583 53% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Intergov./ Shared Revenues - - 494,855 - - - - - - Total Revenue 98 5,748 528,273 22,457 22,457 11,874 - 11,874 10,583 53% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - 415,617 35,000 296,636 157,317 94,303 251,619 45,016 85% Total Expenditures - - 415,617 35,000 296,636 157,317 94,303 251,619 45,016 85% Net Surplus / (Deficit) 98 5,748 112,656 (12,543) (274,179) (145,442) (239,745) Beginning Cash Balance 983,710 983,612 983,710 983,710 Cash Adjustments (197) (5,650) (109,401) - Ending Cash Balance 983,612 983,710 986,966 709,532 956,672 Cash Reserves Target 800,000 800,000 800,000 800,000 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Century Center Energy Conservation Debt Svc Fund Number 672 Fund Type Debt Service Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual 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 0% Interest Earnings 1,574 2,814 5,924 3,739 3,739 238 238 3,501 6% Other Income 89,480 58,178 36,231 64,132 64,132 - - 64,132 0% Interfund Transfers In 97,217 100,688 - 107,819 107,819 - - 107,819 0% Total Revenue 409,708 383,117 263,591 397,127 397,127 238 238 396,889 0% Expenditures by Type Services & Charges Debt Service Principal 291,274 297,175 313,180 309,315 309,315 153,115 - 153,115 156,200 50% Debt Service Interest & Fees 115,437 105,192 94,738 84,073 84,073 43,376 - 43,376 40,697 52% Total Expenditures 406,711 402,367 407,917 393,388 393,388 196,491 - 196,491 196,897 50% Net Surplus / (Deficit) 2,997 (19,251) (144,326) 3,739 3,739 (196,253) (196,253) Beginning Cash Balance 196,702 193,705 196,702 196,702 Cash Adjustments (5,994) 22,248 124,587 - Ending Cash Balance 193,705 196,702 176,962 200,441 (163,298) 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name City Cemetery Fund Number 730 Fund Type Special Revenue Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 178 420 890 623 623 354 354 269 57% Other Income - - - - - - - - - Total Revenue 178 420 890 623 623 354 354 269 57% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 178 420 890 623 623 354 354 Beginning Cash Balance 30,218 30,041 30,218 30,218 Cash Adjustments (355) (243) (569) - Ending Cash Balance 30,041 30,218 30,540 30,841 31,861 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Bowman Cemetery Fund Number 731 Fund Type Special Revenue Fund Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,793 6,613 14,005 9,800 9,800 5,569 5,569 4,232 57% Other Income - - - - - - - - - Total Revenue 2,793 6,613 14,005 9,800 9,800 5,569 5,569 4,232 57% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 2,793 6,613 14,005 9,800 9,800 5,569 5,569 Beginning Cash Balance 475,369 472,576 475,369 475,369 Cash Adjustments (5,585) (3,820) (8,949) - Ending Cash Balance 472,576 475,369 480,425 485,169 501,212 Cash Reserves Target 400,000 400,000 400,000 400,000 Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2015 Parks Bond Debt Service Fund Number 757 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 47 1,217 5,303 11,751 11,751 1,921 1,921 9,830 16% Interfund Transfers In 375,986 373,724 338,293 368,381 368,381 121,177 121,177 247,204 33% Total Revenue 376,033 374,941 343,596 380,132 380,132 123,098 123,098 257,034 32% Expenditures by Type Services & Charges Debt Service Principal 225,000 230,000 240,000 240,000 240,000 120,000 - 120,000 120,000 50% Debt Service Interest & Fees 149,381 142,556 135,581 128,381 128,381 65,091 - 65,091 63,291 51% Total Expenditures 374,381 372,556 375,581 368,381 368,381 185,091 - 185,091 183,291 50% Net Surplus / (Deficit) 1,652 2,385 (31,986) 11,751 11,751 (61,993) (61,993) Beginning Cash Balance 587,763 586,111 587,763 587,763 Cash Adjustments (3,304) (733) 34,370 - Ending Cash Balance 586,111 587,763 590,148 599,514 496,170 Cash Reserves Target 586,111 587,763 590,148 599,514 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Studebaker-Oliver Revitalizing Grants Fund Number 209 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Interest Earnings 4,318 9,389 18,615 11,320 11,321 7,328 7,328 3,992 65% Other Income - - - - - - - - - Total Revenue 4,318 9,389 18,615 11,320 11,321 7,328 7,328 3,992 65% Expenditures by Type Services & Charges Professional Services 75,182 41,621 25,658 50,000 98,331 525 48,331 48,856 49,475 50% Total Services & Charges 75,182 41,621 25,658 50,000 98,331 525 48,331 48,856 49,475 50% Capital - - - - - - - - - - Total Expenditures 75,182 41,621 25,658 50,000 98,331 525 48,331 48,856 49,475 50% Net Surplus / (Deficit) (70,864) (32,231) (7,043) (38,680) (87,010) 6,803 (41,527) Beginning Cash Balance 692,248 763,112 692,248 692,248 Cash Adjustments 141,728 (38,633) (27,345) - Ending Cash Balance 763,112 692,248 657,860 605,238 659,282 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: 692247.88 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Economic Development State Grants Fund Number 210 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 41,015 126,822 85,650 - - 67,698 67,698 (67,698) - Interest Earnings 160 51 - - - - - - - Other Income 36,005 - - - - - - - - Total Revenue 77,180 126,873 85,650 - - 67,698 67,698 (67,698) - Expenditures by Type Supplies - 9,000 - - - - - - - - Services & Charges Professional Services 438 (46,845) - - 137,695 - 40,263 40,263 97,433 29% Repairs & Maintenance - 246,637 144,348 - 8,770 - - - 8,770 0% Debt Service Principal 35,604 - - - - - - - - - Debt Service Interest & Fees 401 - - - - - - - - - Grants & Subsidies 41,015 20,845 - - 65,000 - - - 65,000 0% Other Services & Charges - - - - 11,400 - - - 11,400 0% Total Services & Charges 77,457 220,637 144,348 - 222,865 - 40,263 40,263 182,603 18% Total Expenditures 77,457 229,637 144,348 - 222,865 - 40,263 40,263 182,603 18% Net Surplus / (Deficit) (277) (102,763) (58,698) - (222,865) 67,698 27,436 Beginning Cash Balance 26,876 27,154 26,876 26,876 Cash Adjustments 555 102,485 (44,080) - Ending Cash Balance 27,154 26,876 (75,903) (195,989) (91,902) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Dept of Community Investment Operating Fund Number 211 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 9,200 - 229,133 - - - - - - Charges for Services 1,453,279 691,646 266,888 831,849 831,849 78,327 78,327 753,522 9% Fines, Forfeitures, and Fees 57,904 70,178 92,005 58,450 58,450 27,582 27,582 30,869 47% Interest Earnings 6,023 3,006 (92) 1,463 1,463 363 363 1,100 25% Other Income 573 2,750 24,565 - - - - - - Interfund Allocation Reimb 145,765 181,981 - - - - - - - Interfund Transfers In 500,000 2,570,000 3,778,841 4,250,000 4,250,000 1,019,000 1,019,000 3,231,000 24% Total Revenue 2,172,743 3,519,561 4,391,340 5,141,762 5,141,762 1,125,272 1,125,272 4,016,491 22% Expenditures by Type Personnel Salaries & Wages 1,779,295 2,080,766 1,854,286 2,230,843 2,230,843 801,484 - 801,484 1,429,359 36% Fringe Benefits 649,973 764,431 831,403 911,401 911,401 273,196 - 273,196 638,205 30% Total Personnel 2,429,268 2,845,197 2,685,689 3,142,244 3,142,244 1,074,681 - 1,074,681 2,067,564 34% Supplies 20,424 33,616 29,510 51,611 53,190 5,915 4,785 10,700 42,489 20% Services & Charges Professional Services 196,969 303,797 496,648 459,200 924,074 135,405 428,867 564,271 359,803 61% Printing & Advertising 4,758 5,797 12,182 23,675 25,942 4,606 1,041 5,647 20,295 22% Education & Training 14,288 5,447 6,663 23,500 25,475 2,391 2,771 5,161 20,314 20% Travel 268 7,763 8,342 21,662 22,427 853 4,018 4,871 17,556 22% Repairs & Maintenance 2,822 1,367 1,302 3,895 3,895 773 - 773 3,122 20% Other Services & Charges 24,660 26,286 16,044 25,550 24,550 12,993 6,000 18,993 5,557 77% Total Services & Charges 243,765 350,457 541,181 557,482 1,026,363 157,020 442,696 599,716 426,647 58% Operating Expenditures 2,693,456 3,229,270 3,256,381 3,751,337 4,221,797 1,237,616 447,482 1,685,097 2,536,700 40% Bad Debt - - - - - - - - - - Interfund Interfund Allocations 652,726 665,860 758,702 841,937 841,937 282,395 - 282,395 559,542 34% Interfund Transfers Out 50,000 - - - - - - - - - Total Interfund 702,726 665,860 758,702 841,937 841,937 282,395 - 282,395 559,542 34% Total Expenditures 3,396,182 3,895,130 4,015,082 4,593,274 5,063,734 1,520,010 447,482 1,967,492 3,096,242 39% Net Surplus / (Deficit) (1,223,439) (375,569) 376,258 548,488 78,028 (394,738) (842,220) Beginning Cash Balance 394,125 1,629,498 394,125 394,125 Cash Adjustments 2,458,812 (859,803) (747,087) - Ending Cash Balance 1,629,498 394,125 23,296 472,153 752 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Dept of Community Investment Grants Fund Number 212 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 2,563,504 2,419,448 5,559,168 2,712,968 2,712,968 386,843 386,843 2,326,125 14% Fines, Forfeitures, and Fees 500 - - - - - - - - Other Income 341,376 71,243 15,178 119,687 119,687 8,783 8,783 110,904 7% Total Revenue 2,905,379 2,490,691 5,574,346 2,832,655 2,832,655 395,626 395,626 2,437,029 14% Expenditures by Type Services & Charges Professional Services 10,343 19,785 - - 229,385 - 39,265 39,265 190,120 17% Grants & Subsidies 2,801,228 2,804,158 4,310,457 2,832,655 10,057,460 1,165,617 2,665,746 3,831,362 6,226,098 38% Total Services & Charges 2,811,571 2,823,943 4,310,457 2,832,655 10,286,845 1,165,617 2,705,011 3,870,627 6,416,218 38% Total Expenditures 2,811,571 2,823,943 4,310,457 2,832,655 10,286,845 1,165,617 2,705,011 3,870,627 6,416,218 38% Net Surplus / (Deficit) 93,809 (333,251) 1,263,889 - (7,454,190) (769,991) (3,475,001) Beginning Cash Balance 409,818 313,907 409,818 409,818 Cash Adjustments (189,719) 429,162 (1,829,591) - Ending Cash Balance 313,907 409,818 (155,885) (7,044,372) 442,768 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Unsafe Building Fund Number 219 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 34,066 68,583 68,515 62,900 62,900 22,143 22,143 40,757 35% Interest Earnings 4,812 11,010 24,876 17,984 17,984 10,178 10,178 7,806 57% Other Income - 366 - - - - - - - Total Revenue 38,879 79,960 93,390 80,884 80,884 32,321 32,321 48,563 40% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services 25,970 20,000 17,500 23,000 24,880 8,265 16,615 24,880 - 100% Other Services & Charges 81,316 - - - - - - - - - Total Services & Charges 107,286 20,000 17,500 23,000 24,880 8,265 16,615 24,880 - 100% Operating Expenditures 107,286 20,000 17,500 23,000 24,880 8,265 16,615 24,880 - 100% Bad Debt - - - - - - - - - - Total Expenditures 107,286 20,000 17,500 23,000 24,880 8,265 16,615 24,880 - 100% Net Surplus / (Deficit) (68,407) 59,960 75,890 57,884 56,004 24,056 7,441 Beginning Cash Balance 764,981 832,938 764,981 764,981 Cash Adjustments 136,365 (127,917) (18,580) - Ending Cash Balance 832,938 764,981 822,291 820,985 924,314 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Rental Units Regulation Fund Number 221 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 6,880 45,048 150,899 100,000 100,000 42,110 42,110 57,890 42% Interest Earnings 728 1,596 5,230 1,861 1,861 2,430 2,430 (569) 131% Interfund Transfers In 50,000 70,000 - - - - - - - Total Revenue 57,608 116,643 156,129 101,861 101,861 44,540 44,540 57,321 44% Expenditures by Type Personnel Salaries & Wages 106,421 52,636 42,182 - - 14,531 - 14,531 (14,531) - Fringe Benefits 52,625 26,263 21,718 - - 6,108 - 6,108 (6,108) - Total Personnel 159,046 78,899 63,900 - - 20,639 - 20,639 (20,639) - Supplies 236 - - - - - - - - - Services & Charges Professional Services - 985 1,475 54,000 206,211 7,345 144,866 152,211 54,000 74% Other Services & Charges - - - - - - - - - - Total Services & Charges - 985 1,475 54,000 206,211 7,345 144,866 152,211 54,000 74% Total Interfund - - - - 53 - - - - Total Expenditures 159,283 79,884 65,375 54,000 206,211 28,037 144,866 172,850 33,361 84% Net Surplus / (Deficit) (101,674) 36,760 90,754 47,861 (104,350) 16,503 (128,310) Beginning Cash Balance 87,416 189,090 87,416 87,416 Cash Adjustments 203,349 (138,434) (54,644) - Ending Cash Balance 189,090 87,416 123,526 (16,934) 227,587 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Code Enforcement Fund Number 230 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 43,555 28,750 23,580 37,000 37,000 7,795 7,795 29,205 21% Charges for Services 47,624 53,545 43,575 50,300 50,300 15,356 15,356 34,944 31% Fines, Forfeitures, and Fees 411,114 292,490 301,742 342,000 342,000 42,305 42,305 299,695 12% Interest Earnings 941 1,439 1,261 - - 588 588 (588) - Debt Proceeds 235,000 500,000 232,000 300,000 300,000 - - 300,000 0% Other Income 2,998 50,120 19,515 500 500 5,053 5,053 (4,553) 1011% Interfund Allocation Reimb 34,708 - - - - - - - - Interfund Transfers In 2,290,000 2,930,968 3,298,000 5,970,000 5,970,000 1,322,000 1,322,000 4,648,000 22% Total Revenue 3,065,940 3,857,313 3,919,673 6,699,800 6,699,800 1,393,096 1,393,096 5,306,703 21% Expenditures by Subdivisions Neighborhood Services 2,420,819 2,843,929 3,247,961 5,376,573 5,834,539 959,609 304,143 1,263,752 4,570,787 22% Animal Resource Center 949,115 941,390 1,148,773 1,232,692 1,307,230 413,161 102,283 515,444 791,786 39% Total Expenditures 3,369,933 3,785,320 4,396,734 6,609,265 7,141,768 1,372,770 406,426 1,779,196 5,362,573 25% Expenditures by Type Personnel Salaries & Wages 1,410,684 1,341,301 1,808,248 2,728,936 2,728,936 483,536 - 483,536 2,245,400 18% Fringe Benefits 575,669 543,091 523,537 1,281,600 1,281,600 185,132 - 185,132 1,096,468 14% Total Personnel 1,986,353 1,884,392 2,331,786 4,010,536 4,010,536 668,667 - 668,667 3,341,868 17% Supplies 110,837 142,735 212,692 235,347 242,774 55,623 13,198 68,821 173,953 28% Services & Charges Professional Services 67,185 64,822 119,532 140,300 205,515 54,064 57,447 111,511 94,004 54% Printing & Advertising 11,260 19,060 11,387 22,147 22,147 2,826 225 3,051 19,096 14% Utilities 32,310 35,837 35,422 41,389 41,389 11,989 - 11,989 29,400 29% Repairs & Maintenance 137,334 232,670 129,650 424,900 473,600 48,823 35,445 84,268 389,332 18% Education & Training 4,013 5,305 7,627 29,900 30,547 4,322 1,009 5,331 25,217 17% Travel 777 1,360 6,641 26,400 27,240 4,341 2,938 7,278 19,961 27% Other Services & Charges 112,003 123,694 199,211 146,800 179,417 39,040 47,781 86,821 92,596 48% Debt Service Principal 90,535 181,470 207,530 243,217 243,217 113,035 - 113,035 130,182 46% Debt Service Interest & Fees 4,350 5,625 13,571 20,899 20,899 5,934 - 5,934 14,965 28% Total Services & Charges 459,767 669,841 730,571 1,095,952 1,243,971 284,375 144,843 429,218 814,753 35% Operating Expenditures 2,556,956 2,696,968 3,275,049 5,341,835 5,497,280 1,008,665 158,041 1,166,706 4,330,574 21% Bad Debt 15 - 270 - - - - - - - Interfund Allocations 763,484 767,616 848,209 967,430 967,430 323,634 - 323,634 643,796 33% Total Expenditures 3,369,933 3,785,320 4,396,734 6,609,265 7,141,768 1,372,770 406,426 1,779,196 5,362,572 25% Net Surplus / (Deficit) (303,993) 71,993 (477,061) 90,535 (441,968) 20,327 (386,100) Beginning Cash Balance 497,492 803,572 497,492 497,492 Cash Adjustments 610,073 (378,073) 477,064 - Ending Cash Balance 803,572 497,492 497,495 55,523 852 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Urban Development Action Grant Fund Number 410 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 172 4,046 8,846 - - 777 777 (777) - Other Income 18,278 385,577 - - - - - - - Total Revenue 18,449 389,623 8,846 - - 777 777 (777) - Expenditures by Type Services & Charges Debt Service Principal 24,000 18,000 338,253 - - - - - - - Other Services & Charges - - - Total Expenditures 24,000 18,000 338,253 - - - - - - - Net Surplus / (Deficit) (5,551) 371,623 (329,407) - - 777 777 Beginning Cash Balance 27,182 32,733 27,182 27,182 Cash Adjustments 11,101 (377,174) 699,742 - Ending Cash Balance 32,733 27,182 397,517 27,182 69,891 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Consolidated Building Fund Number 600 Fund Type Enterprise Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 1,515,351 1,886,287 2,099,002 1,594,100 1,594,100 577,580 577,580 1,016,520 36% Fines, Forfeitures, and Fees 2,516 5,860 13,890 8,000 8,000 2,064 2,064 5,936 26% Interest Earnings 12,194 28,301 56,845 23,701 23,701 23,353 23,353 349 99% Other Income 1,044 2,105 5,831 - - 550 550 (550) - Capital Lease Proceeds - - - - - - - - - Total Revenue 1,531,105 1,922,553 2,175,568 1,625,801 1,625,801 603,547 603,547 1,022,255 37% Expenditures by Type Personnel Salaries & Wages 739,269 788,291 830,167 941,465 941,465 298,214 - 298,214 643,251 32% Fringe Benefits 319,458 343,343 347,728 439,914 440,264 123,495 350 123,845 316,419 28% Total Personnel 1,058,727 1,131,634 1,177,895 1,381,379 1,381,729 421,709 350 422,059 959,670 31% Supplies 15,666 25,192 22,819 22,338 22,338 6,943 169 7,112 15,226 32% Services & Charges Professional Services - - - 8,000 8,000 - - - 8,000 0% Printing & Advertising 716 161 - 4,200 4,200 - 108 108 4,092 3% Education & Training 219 3,413 5,867 6,000 6,000 2,441 - 2,441 3,559 41% Travel - 9 - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 28,086 27,699 30,349 17,590 17,590 9,856 - 9,856 7,734 56% Other Services & Charges 18,348 28,286 578,003 37,570 37,570 9,595 - 9,595 27,976 26% Debt Service Principal 43,020 23,593 4,673 - - - - - - - Debt Service Interest & Fees 1,316 526 49 - - - - - - - Total Services & Charges 91,705 83,687 618,941 79,360 79,360 21,891 108 21,999 57,361 28% Operating Expenditures 1,166,098 1,240,513 1,819,655 1,483,077 1,483,427 450,543 627 451,169 1,032,257 30% Capital 49,478 - 29,033 100,000 100,000 57,522 - 57,522 42,479 58% Bad Debt 100 - - 1,000 1,000 - - - 1,000 0% Interfund Allocations 339,938 665,210 356,582 317,710 317,710 106,646 - 106,646 211,064 34% Total Expenditures 1,555,614 1,905,723 2,205,269 1,901,787 1,902,137 614,710 627 615,337 1,286,800 32% Net Surplus / (Deficit) (24,509) 16,830 (29,702) (275,985) (276,335) (11,164) (11,790) Beginning Cash Balance 2,102,372 2,127,056 2,102,372 2,102,372 Cash Adjustments 49,194 (41,514) 39,494 - Ending Cash Balance 2,127,056 2,102,372 2,112,164 1,826,036 2,076,825 Cash Reserves Target 388,904 476,431 551,317 475,534 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Industrial Revolving Fund Fund Number 754 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 2,658,410 4,749,980 - - - - - - - Interest Earnings 380 50,529 156,288 78,514 78,514 65,588 65,588 12,926 84% Other Income 300,472 809,701 979,867 172,000 172,000 172,529 172,529 (529) 100% Total Revenue 2,959,263 5,610,209 1,136,154 250,514 250,514 238,116 238,116 12,397 95% Expenditures by Type Services & Charges Professional Services 291,043 246,601 48,257 457,738 774,916 13,413 36,372 49,785 725,131 6% Other Services & Charges 14,830 21,756 38,120 26,298 43,316 24,021 - 24,021 19,294 55% Grants & Subsidies 2,700,000 4,290,000 - - - - - - - - Total Services & Charges 3,005,872 4,558,357 86,377 484,036 818,232 37,434 36,372 73,806 744,425 9% Bad Debt 184,827 - - - - - - - - - Total Expenditures 3,190,699 4,558,357 86,377 484,036 818,232 37,434 36,372 73,806 744,425 9% Net Surplus / (Deficit) (231,436) 1,051,853 1,049,778 (233,522) (567,718) 200,683 164,310 Beginning Cash Balance 3,700,843 2,406,914 3,700,843 3,700,843 Cash Adjustments (1,062,492) 242,076 (19,598) - Ending Cash Balance 2,406,914 3,700,843 4,731,022 3,133,125 3,713,171 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2015 Smart Streets Bond Debt Service Fund Number 756 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 91 91 91 34,996 34,996 31 31 34,965 0% Interfund Transfers In 1,716,000 1,715,000 1,714,000 1,704,785 1,704,785 856,000 856,000 848,785 50% Total Revenue 1,716,091 1,715,091 1,714,091 1,739,780 1,739,780 856,031 856,031 883,750 49% Expenditures by Type Services & Charges Debt Service Principal 1,030,000 1,060,000 1,090,000 1,120,000 1,120,000 555,000 - 555,000 565,000 50% Debt Service Interest & Fees 682,469 651,344 619,319 586,785 586,785 298,184 - 298,184 288,600 51% Total Expenditures 1,712,469 1,711,344 1,709,319 1,706,785 1,706,785 853,184 - 853,184 853,600 50% Net Surplus / (Deficit) 3,623 3,748 4,773 32,996 32,996 2,847 2,847 Beginning Cash Balance 1,742,699 1,739,076 1,742,699 1,742,699 Cash Adjustments (7,245) (125) (1,025) - Ending Cash Balance 1,739,076 1,742,699 1,746,446 1,775,694 1,754,066 Cash Reserves Target 1,739,076 1,742,699 1,746,446 1,775,694 Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2017 Eddy Street Commons Bond Capital Fund Number 759 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1 25,565 1 - - - - - - Total Revenue 1 25,565 1 - - - - - - Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 1 25,565 1 - - - - Beginning Cash Balance 25,763 25,762 25,763 25,763 Cash Adjustments (3) (25,564) - - Ending Cash Balance 25,762 25,763 25,764 25,763 25,766 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2017 Eddy Street Commons Bond Debt Service Fund Number 760 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 184 188 187 73,411 73,411 63 63 73,348 0% Interfund Transfers In 1,915,979 1,926,375 1,929,875 1,941,375 1,941,375 641 641 1,940,734 0% Total Revenue 1,916,164 1,926,563 1,930,062 2,014,786 2,014,786 704 704 2,014,082 0% Expenditures by Type Services & Charges Debt Service Principal 475,000 720,000 760,000 810,000 810,000 - - - 810,000 0% Debt Service Interest & Fees 1,235,875 1,206,375 1,169,875 1,131,375 1,131,375 - - - 1,131,375 0% Total Expenditures 1,710,875 1,926,375 1,929,875 1,941,375 1,941,375 - - - 1,941,375 0% Net Surplus / (Deficit) 205,289 188 187 73,411 73,411 704 704 Beginning Cash Balance 3,668,611 3,463,323 3,668,611 3,668,611 Cash Adjustments (410,577) 205,101 - - Ending Cash Balance 3,463,323 3,668,611 3,668,799 3,742,022 3,669,050 Cash Reserves Target 2,500,000 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Central Services Fund Number 222 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 2,711 3,281 2,738 2,500 2,500 622 622 1,878 25% Charges for Services 7,279,944 9,160,143 8,923,201 11,599,402 11,599,402 3,261,696 3,261,696 8,337,706 28% Interest Earnings 6,268 7,009 78 - - - - - - Other Income 78,626 115,532 59,794 61,500 61,500 33,217 33,217 28,283 54% Interfund Allocation Reimb 129,585 160,000 160,000 160,000 160,000 53,333 53,333 106,667 33% Total Revenue 7,497,135 9,445,964 9,145,812 11,823,402 11,823,402 3,348,868 3,348,868 8,474,534 28% Expenditures by Division Equipment Services 7,695,353 9,334,778 9,412,885 10,911,772 10,925,452 3,564,569 21,118 3,585,687 7,339,765 33% Print Shop 2,504 - - - - - - - - - Radio Shop 207,641 192,096 213,640 326,712 326,915 76,734 287 77,021 249,894 24% Building Maintenance 188,820 173,605 195,423 327,071 327,071 91,265 - 91,265 235,806 28% Facilities Management 144,897 142,772 159,963 152,254 152,254 49,295 - 49,295 102,960 32% Capital - 67,785 168,092 154,000 316,869 31,253 93,382 124,636 192,234 39% Total Expenditures 8,239,216 9,911,036 10,150,004 11,871,809 12,048,561 3,813,116 114,788 3,927,903 8,120,659 33% Expenditures by Type Personnel Salaries & Wages 1,772,151 1,765,863 1,778,787 2,642,997 2,642,997 776,665 - 776,665 1,866,332 29% Fringe Benefits 758,851 751,937 721,904 1,190,867 1,190,867 290,733 - 290,733 900,133 24% Total Personnel 2,531,003 2,517,800 2,500,690 3,833,864 3,833,864 1,067,399 - 1,067,399 2,766,465 28% Supplies 4,782,010 6,392,707 6,543,875 6,913,647 6,915,220 2,386,502 6,449 2,392,951 4,522,270 35% Services & Charges Professional Services 12,174 12,641 6,968 12,600 12,600 - - - 12,600 0% Printing & Advertising 42 - - - - - - - - - Utilities 61,782 73,151 68,323 78,963 78,963 22,617 - 22,617 56,346 29% Repairs & Maintenance 62,344 123,289 279,396 178,200 352,979 49,163 91,163 140,325 212,653 40% Education & Training 8,696 4,953 4,990 16,050 16,219 5,426 - 5,426 10,793 33% Travel 51 61 2,342 4,850 4,850 - - - 4,850 0% Other Services & Charges 12,504 13,527 12,570 18,750 18,981 5,293 8,177 13,470 5,511 71% Debt Service Principal 2,483 8,069 8,254 4,198 4,198 4,198 - 4,198 - 100% Debt Service Interest & Fees 22 422 237 48 48 48 - 48 - 100% Total Services & Charges 160,096 236,114 383,080 313,658 488,837 86,744 99,340 186,083 302,753 38% Capital - 7,239 - 34,000 34,000 12,187 8,999 21,186 12,814 62% Interfund Interfund Allocations 683,462 757,176 722,359 776,640 776,640 260,284 - 260,284 516,355 34% Interfund Transfers Out 82,645 - - - - - - - - - Total Interfund 766,107 757,176 722,359 776,640 776,640 260,284 - 260,284 516,355 34% Total Expenditures 8,239,216 9,911,036 10,150,004 11,871,809 12,048,561 3,813,116 114,788 3,927,903 8,120,657 33% Net Surplus / (Deficit) (742,081) (465,072) (1,004,193) (48,407) (225,159) (464,248) (579,035) Beginning Cash Balance 658,666 1,209,079 658,666 658,666 Cash Adjustments 1,292,495 (85,341) 651,305 - Ending Cash Balance 1,209,079 658,666 305,778 433,507 (1,000,083) Cash Reserves Target - - - - 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 No reserve requirement City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Central Services Capital Fund Number 224 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 40 - - - - - - - - Other Income 1,472 - - - - - - - - Interfund Transfers In 82,645 - - - - - - - - Total Revenue 84,157 - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Repairs & Maintenance 17,143 - - - - - - - - - Debt Service Principal 7,888 - - - - - - - - - Debt Service Interest & Fees 603 - - - - - - - - - Total Services & Charges 25,634 - - - - - - - - - Capital 84,745 - - - - - - - - - Total Expenditures 110,378 - - - - - - - - - Net Surplus / (Deficit) (26,221) - - - - - - Beginning Cash Balance - 26,221 - - Cash Adjustments 52,442 (26,221) - - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Liability Insurance Fund Number 226 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 36,491 79,266 164,629 101,355 101,355 72,010 72,010 29,345 71% Other Income 84,555 741,339 500,956 2,000 2,000 140 140 1,860 7% Interfund Allocation Reimb 3,265,000 3,365,000 3,583,000 3,639,999 3,639,999 1,213,333 1,213,333 2,426,666 33% Interfund Transfers In - - - - - - - - - Total Revenue 3,386,046 4,185,605 4,248,586 3,743,354 3,743,354 1,285,483 1,285,483 2,457,871 34% Expenditures by Division Safety/Risk Management 30,947 - - - - - - - - - Liability Insurance 1,188,510 1,555,388 1,062,020 1,280,000 1,358,778 97,120 87,802 184,922 1,173,857 14% Business Insurance 452,651 2,429,126 872,633 1,085,000 1,455,068 199,403 197,172 396,574 1,058,494 27% Workers' Compensation 1,531,310 1,068,632 1,086,164 1,275,000 1,275,288 666,548 40,424 706,972 568,316 55% Catastrophic Events 24,884 479 500 - 101,769 - 3,602 3,602 98,167 4% Total Expenditures 3,228,301 5,053,624 3,021,317 3,640,000 4,190,903 963,070 328,999 1,292,069 2,898,834 31% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 14,052 24,902 29,792 47,000 47,288 18,164 - 18,164 29,124 38% Total Personnel 14,052 24,902 29,792 47,000 47,288 18,164 - 18,164 29,124 38% Supplies 2,187 - - - - - - - - - Services & Charges Professional Services 334,849 405,364 498,869 223,000 518,351 88,537 225,172 313,709 204,642 61% Education & Training 2,000 - - - - - - - - - Travel - - - - - - - - - - Repairs & Maintenance 4,286 1,710,233 231,043 - - - - - - - Insurance 2,432,482 2,121,803 2,052,688 2,120,000 2,121,438 703,148 50,362 753,510 1,367,928 36% Other Services & Charges 391,938 790,843 208,426 1,250,000 1,402,058 153,221 49,864 203,085 1,198,973 14% Total Services & Charges 3,165,555 5,028,243 2,991,026 3,593,000 4,041,847 944,906 325,397 1,270,304 2,771,543 31% Capital 24,884 479 500 - 101,769 - 3,602 3,602 98,167 4% Interfund Interfund Allocations 21,624 - - - - - - - - - Total Interfund 21,624 - - - - - - - - - Total Expenditures 3,228,301 5,053,624 3,021,317 3,640,000 4,190,903 963,070 328,999 1,292,069 2,898,834 31% Net Surplus / (Deficit) 157,746 (868,019) 1,227,268 103,354 (447,550) 322,412 (6,586) Beginning Cash Balance 6,100,867 5,956,858 6,100,867 6,100,867 Cash Adjustments (301,754) 1,012,028 (1,567,362) - Ending Cash Balance 5,956,858 6,100,867 5,760,773 5,653,317 6,806,302 Cash Reserves Target 1,614,150 2,526,812 1,510,659 2,095,452 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name IT / Innovation / 311 Call Center Fund Number 279 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Allocation Reimb 9,129,846 9,620,204 9,990,823 13,100,296 13,100,296 4,366,765 4,366,765 8,733,531 33% Charges for Services 47,379 - 2,602 - - - - - - Debt Proceeds 900,928 166,343 - - - - - - - Other Income 111,836 131,610 131,250 73,764 73,764 105,425 105,425 (31,661) 143% Donations 15,000 181,987 15,000 - - - - - - Interest Earnings 14,598 53,386 123,322 79,721 79,721 54,570 54,570 25,151 68% Total Revenue 10,219,588 10,153,530 10,262,996 13,253,781 13,253,781 4,526,761 4,526,761 8,727,021 34% Expenditures by Division 311 Call Center 567,939 637,390 675,189 1,338,942 1,339,369 390,130 3,458 393,588 945,781 29% Innovation & Technology 8,264,034 8,398,022 8,751,316 11,708,236 13,714,124 4,216,806 2,226,095 6,442,902 7,271,222 47% Total Expenditures 8,831,973 9,035,411 9,426,505 13,047,178 15,053,493 4,606,937 2,229,553 6,836,489 8,217,003 45% Expenditures by Type Personnel Salaries & Wages 1,908,602 1,965,182 2,176,973 3,402,749 3,402,749 1,041,511 - 1,041,511 2,361,239 31% Fringe Benefits 704,230 711,976 794,161 1,414,429 1,414,429 364,559 - 364,559 1,049,870 26% Total Personnel 2,612,832 2,677,158 2,971,134 4,817,178 4,817,178 1,406,070 - 1,406,070 3,411,109 29% Supplies 714,903 468,930 164,623 663,850 795,513 281,899 83,639 365,538 429,975 46% Services & Charges Professional Services 510,586 782,666 967,886 646,260 2,204,929 358,842 813,304 1,172,147 1,032,782 53% Printing & Advertising 3,277 4,366 6,393 16,500 16,468 5,878 - 5,878 10,590 36% Repairs & Maintenance 3,646,311 3,802,342 4,116,523 5,840,569 6,099,999 2,348,396 1,312,618 3,661,014 2,438,985 60% Education & Training 33,654 34,682 32,822 67,000 96,483 7,914 1,778 9,691 86,792 10% Travel 161 24,829 30,830 35,000 51,744 13,824 18,214 32,038 19,706 62% Other Services & Charges 292,472 243,852 255,730 77,550 87,907 103,072 - 103,072 (15,165) 117% Debt Service Principal 966,528 930,920 817,680 788,983 788,983 71,693 - 71,693 717,290 9% Debt Service Interest & Fees 50,358 65,014 57,489 93,470 93,470 7,051 - 7,051 86,419 8% Total Services & Charges 5,503,347 5,888,671 6,285,351 7,565,332 9,439,983 2,916,670 2,145,914 5,062,584 4,377,399 54% Operating Expenditures 8,831,082 9,034,758 9,421,108 13,046,360 15,052,675 4,604,639 2,229,553 6,834,192 8,218,483 45% Total Interfund 891 653 5,398 818 818 2,297 - 2,297 (1,479) 281% Total Expenditures 8,831,973 9,035,411 9,426,505 13,047,178 15,053,493 4,606,937 2,229,553 6,836,489 8,217,004 45% Net Surplus / (Deficit) 1,387,615 1,118,119 836,490 206,603 (1,799,711) (80,176) (2,309,728) Beginning Cash Balance 3,482,865 2,125,192 3,482,865 3,482,865 Cash Adjustments (2,745,287) 239,554 378,973 - Ending Cash Balance 2,125,192 3,482,865 4,698,328 1,683,154 5,358,529 Cash Reserves Target - - - - 3482865.1Fund 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Self-Funded Employee Benefits Fund Number 711 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 15,742,095 16,151,649 17,264,637 20,632,840 20,632,840 5,864,080 5,864,080 14,768,760 28% Other Income 1,438,628 868,171 645,958 760,000 760,000 356,899 356,899 403,101 47% Interest Earnings 62,791 153,013 281,357 161,529 161,529 111,357 111,357 50,172 69% Total Revenue 17,243,514 17,172,834 18,191,953 21,554,369 21,554,369 6,332,336 6,332,336 15,222,033 29% Expenditures by Subdivision Health Insurance 15,509,012 16,778,282 17,293,498 19,028,374 19,429,517 5,065,189 2,247,375 7,312,565 12,116,952 38% Workplace Wellness Clinic 1,003,588 349,692 1,862,320 1,193,488 1,275,046 600,137 761,421 1,361,558 (86,512) 107% Employee Wellness 89,896 86,404 81,555 102,233 118,337 62,777 42,242 105,019 13,318 89% Total Expenditures 16,602,496 17,214,377 19,237,373 20,324,095 20,822,900 5,728,103 3,051,039 8,779,142 12,043,758 42% Expenditures by Type Personnel Other Personnel Costs 14,681,353 16,086,840 16,566,627 18,203,043 18,591,512 5,048,023 1,591,651 6,639,674 11,951,838 36% Total Personnel 14,681,353 16,086,840 16,566,627 18,203,043 18,591,512 5,048,023 1,591,651 6,639,674 11,951,838 36% Supplies 110,297 49,303 64,176 150,000 207,440 26,297 146,142 172,440 35,000 83% Services & Charges Professional Services 1,063,335 460,652 1,993,988 1,222,488 1,275,384 650,323 741,209 1,391,532 (116,148) 109% Printing & Advertising - - - 100 100 - - - 100 0% Insurance 737,651 613,232 603,954 746,964 746,965 50 572,036 572,086 174,879 77% Other Services & Charges 3,194 4,351 8,628 1,500 1,500 3,410 - 3,410 (1,910) 227% Total Services & Charges 1,804,180 1,078,234 2,606,570 1,971,052 2,023,949 653,783 1,313,245 1,967,028 56,921 97% Bad Debt - - - - - - - - - - Interfund Transfers Out 6,667 - - - - - - - - - Total Expenditures 16,602,496 17,214,377 19,237,373 20,324,095 20,822,900 5,728,103 3,051,039 8,779,142 12,043,759 42% Net Surplus / (Deficit) 641,018 (41,543) (1,045,420) 1,230,274 731,469 604,233 (2,446,806) Beginning Cash Balance 10,786,414 10,143,060 10,786,414 10,786,414 Ending Cash Balance 10,143,060 10,786,414 10,708,563 11,517,883 10,227,585 Cash Reserves Target 4,150,624 4,303,594 4,809,343 5,205,725 Fund Purpose: Explanation of Revenue Sources: 10786414.49 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Unemployment Compensation Fund Number 713 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 22,056 77,230 8,305 91,300 91,300 2,902 2,902 88,398 3% Interest Earnings 69 899 2,161 1,809 1,809 435 435 1,374 24% Other Income 74,683 - - - - - - - - Interfund Transfers In 6,667 - - - - - - - - Total Revenue 103,474 78,129 10,467 93,109 93,109 3,337 3,337 89,772 4% Expenditures by Type Personnel Other Personnel Costs 75,914 24,444 77,693 80,000 80,000 30,336 - 30,336 49,664 38% Total Expenditures 75,914 24,444 77,693 80,000 80,000 30,336 - 30,336 49,664 38% Net Surplus / (Deficit) 27,560 53,685 (67,226) 13,109 13,109 (26,999) (26,999) Beginning Cash Balance - 31,859 - - Cash Adjustments 4,299 (85,544) 145,105 - Ending Cash Balance 31,859 - 77,878 13,109 18,825 Cash Reserves Target 18,979 6,111 19,423 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Parental Leave Fund Number 714 Fund Type Internal Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 248,401 260,138 283,791 297,000 297,000 100,901 100,901 196,099 34% Interest Earnings 1,125 4,817 14,964 9,596 9,596 7,404 7,404 2,192 77% Total Revenue 249,526 264,956 298,755 306,596 306,596 108,305 108,305 198,291 35% Expenditures by Type Personnel Salaries & Wages 180,337 79,873 83,396 253,846 253,846 21,195 - 21,195 232,651 8% Total Expenditures 180,337 79,873 83,396 253,846 253,846 21,195 - 21,195 232,651 8% Net Surplus / (Deficit) 69,189 185,082 215,359 52,750 52,750 87,110 87,110 Beginning Cash Balance 226,711 157,521 226,711 226,711 Cash Adjustments (138,378) (115,893) (31,553) - Ending Cash Balance 157,521 226,711 410,517 279,461 714,024 Cash Reserves Target 14,427 6,390 6,672 20,308 Fund Purpose: Explanation of Revenue Sources: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Rainy Day Fund Number 102 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 64,091 151,774 321,428 224,926 224,926 127,807 127,807 97,119 57% Total Revenue 64,091 151,774 321,428 224,926 224,926 127,807 127,807 97,119 57% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 64,091 151,774 321,428 224,926 224,926 127,807 127,807 Beginning Cash Balance 10,910,077 10,845,986 10,910,077 10,910,077 Cash Adjustments (128,182) (87,683) (11,231,505) - Ending Cash Balance 10,845,986 10,910,077 - 11,135,004 11,503,197 Cash Reserves Target 8,998,791 8,717,131 9,643 9,551,216 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9509-04) in order to set aside monies which can be used to meet unanticipated expenses that cannot be funded from existing appropriations, to meet cash flow needs between biannual distribution of property tax receipts and other periodic distributions, for bridging a gap caused by an unexpected revenue shortfall or significant delay in receiving revenue, and for any other City purpose or need consistent with or permitted by state law. This fund can be used for mid-year or year-end advances to other funds that have cash shortages and the advances must be paid back within six months. The establishment of a Rainy Day Fund is looked upon favorably by bond rating agencies and is one of the factors resulting in South Bend's good AA bond rating with Standard & Poor's. The cash reserve requirement for this fund is 3% of prior year operational expenditures in Civil City funds, excluding interfund transfers. The City can elect to transfer unused or unencumbered funds to this fund per IC 36-1-8-5.1. Every so often, this fund receives certain "catch up" distributions of local income tax monies from the State of Indiana that are required to be deposited into this fund. During 2016, a total of 25% of the special local income tax distribution approved by the Indiana General Assembly, or $1,405,850, was deposited into the Rainy Day Fund as allowed under the statute. On an ongoing basis, this fund receives revenue from interest earned on the fund’s cash balance. No expenditures are budgeted at this time. The most recent activity was an interfund loan to four other funds during 2011. 3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers Cash Reserves Target City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Gift, Donation, Bequest Fund Number 217 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 6,884 13,750 26,704 15,524 15,524 44,189 44,189 (28,665) 285% Bloomberg Mayors Challenge 322,000 - - - - - - - - Human Rights Scholarship Prog. - - 2,450 18,000 18,000 7,160 7,160 10,840 40% Misc Revenue-Donations from Private Sources - 59,996 49,909 15,000 15,000 7,829 7,829 7,171 52% Office of Sustainability - - - - - - - - - Historic Preservation 2,009 63 51 - - - - - - Home Energy Improvements - 105,000 - - - - - - - Code Enforcement Demolitions - - - - - - - - - Animal Resource Center Donations 47,599 - - - - - - - - Pokagon Band Donation 100,000 100,000 100,000 - - - - - - Public Donation from Private Sources - - 3,473,000 7,000,000 7,000,000 1,770,000 1,770,000 5,230,000 25% Total Revenue 478,492 278,809 3,652,115 7,048,524 7,048,524 1,829,178 1,829,178 5,219,346 26% Expenditures by Project Wayfinding Signage Project 33,500 - - 7,000,000 7,000,000 - 6,355,430 6,355,430 644,570 91% Bloomberg Mayors Challenge 323,775 232,795 78,044 - 6,896 - 6,896 6,896 - 100% Human Rights Scholarship Prog. - - 5,856 14,000 14,000 257 - 257 13,743 2% Historic Preservation Commiss. - - 266 1,000 1,000 - - - 1,000 0% Bike Signage - - - 2,500 2,500 - - - 2,500 0% Electric Vehicle Charging Station - 32,818 24,565 - (1,298) 3,000 (4,298) (1,298) - 100% Home Energy Improvements 118,377 - - - 11,460 - 11,460 11,460 - 100% Animal Resource Center 2,910 34,535 38,753 - - - - - - - Code Enforcement Demolitions 2,863 44,425 - - - - - - - - Pokagon Band Donation - - - - - - - - - - Total Expenditures 481,425 344,573 147,483 7,017,500 7,034,559 3,257 6,369,489 6,372,746 661,813 91% Expenditures by Type Supplies - 32,818 8,182 2,500 2,500 - - - 2,500 0% Services & Charges Professional Services 360,185 267,330 116,796 7,000,000 7,006,896 - 6,362,327 6,362,327 644,570 91% Printing & Advertising - - 4,732 6,000 6,000 257 - 257 5,743 4% Repairs & Maintenance 118,377 - 11,460 - - - - - - - Other Services & Charges 2,863 44,425 - - - - - - - - Facilities Management - - - - - - - - - - Total Services & Charges 481,425 311,755 139,302 7,015,000 7,032,059 3,257 6,369,489 6,372,746 659,313 91% Total Expenditures 481,425 344,573 147,483 7,017,500 7,034,559 3,257 6,369,489 6,372,746 661,813 91% Net Surplus / (Deficit) (2,933) (65,765) 3,504,631 31,024 13,966 1,825,921 (4,543,568) 978,522 Beginning Cash Balance 978,522 981,455 978,522 978,522 Cash Adjustments 5,866 62,832 (3,588,396) - Ending Cash Balance 981,455 978,522 894,757 992,488 6,236,327 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Loss Recovery Fund Number 227 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,515 5,761 53,138 21,211 21,226 25,544 25,544 (4,318) 120% Intergov./State Grants-Health - 634,425 1,067,118 - - 578,677 578,677 (578,677) - Total Revenue 2,515 640,186 1,120,256 21,211 21,226 604,221 604,221 (582,995) 2847% Expenditures by Type Services & Charges Professional Services - - - 1,500 1,500 - - - 1,500 0% Other Services & Charges 69,630 - - - - - - - - - Total Expenditures 69,630 - - 1,500 1,500 - - - 1,500 0% Net Surplus / (Deficit) (67,115) 640,186 1,120,256 19,711 19,726 604,221 604,221 Beginning Cash Balance 414,099 481,214 414,099 414,099 Cash Adjustments 134,229 (707,301) (481,427) - Ending Cash Balance 481,214 414,099 1,052,929 433,825 2,628,463 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, 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Human Rights Federal Grants Fund Number 258 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 162,140 66,260 8,775 54,600 54,600 68,400 68,400 (13,800) 125% Charges for Services 10,833 1,667 20,000 85,000 85,000 - - 85,000 0% Interest Earnings 2,417 4,033 6,995 - - 1,619 1,619 (1,619) - Other Income - - - 1,400 1,400 - - 1,400 0% Total Revenue 175,390 71,960 35,770 141,000 141,000 70,019 70,019 70,981 50% Expenditures by Subdivision General 9,928 2,760 - - - - - - - - EEOC 98,139 98,244 96,673 143,559 143,958 33,210 - 33,210 110,748 23% HUD 126,938 81,278 100,097 124,245 124,245 34,409 2,882 37,291 86,954 30% Total Expenditures 235,005 182,282 196,770 267,805 268,204 67,619 2,882 70,501 197,702 26% Expenditures by Type Personnel Salaries & Wages 125,084 108,072 121,381 139,014 139,014 47,019 - 47,019 91,995 34% Fringe Benefits 38,636 31,431 46,580 58,491 58,491 17,588 - 17,588 40,903 30% Total Personnel 163,721 139,503 167,962 197,505 197,505 64,607 - 64,607 132,898 33% Supplies 3,864 824 1,280 2,500 2,500 - - - 2,500 0% Services & Charges Professional Services 18,333 21,692 1,667 28,000 28,000 - - - 28,000 0% Printing & Advertising 11,878 9,323 23,500 8,000 8,000 - - - 8,000 0% Education & Training 5,178 3,503 - 9,000 9,399 525 1,500 2,025 7,374 22% Travel - 7,295 2,068 22,000 22,000 2,379 1,382 3,761 18,239 17% Other Services & Charges 32,032 141 - 800 800 - - - 800 0% - - 294 - - 108 - 108 (108) - Total Services & Charges 67,420 41,955 27,235 67,800 68,199 2,904 2,882 5,786 62,413 8% Interfund Interfund Allocations - - 294 - - 108 - 108 (108) - Interfund Transfers Out - - - - - - - - - - Total Interfund - - 294 - - 108 - 108 (108) - Total Expenditures 235,005 182,282 196,770 267,805 268,204 67,619 2,882 70,501 197,703 26% Net Surplus / (Deficit) (59,614) (110,322) (161,000) (126,805) (127,204) 2,399 (483) Beginning Cash Balance 426,544 486,159 426,544 426,544 Cash Adjustments 119,229 50,708 49,979 - Ending Cash Balance 486,159 426,544 315,523 299,341 157,413 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name American Rescue Plan Fund Number 263 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 29,455,024 29,455,024 - - - - - - - Interest Earnings 81,618 707,757 180,695 - - 94,698 94,698 (94,698) - Total Revenue 29,536,642 30,162,781 180,695 - - 94,698 94,698 (94,698) - Expenditures by Type Personnel Salaries & Wages - 47,970,065 - - - - - - - - Total Personnel - 47,970,065 - - - - - - - - Services & Charges Grants & Subsidies - - - - - - - - - - Other Services & Charges - 1,270 - - - - - - - - Capital - 807,053 945,227 - 9,346,451 4,707,817 4,638,634 9,346,451 - 100% Total Expenditures - 48,778,388 945,227 - 9,346,451 4,707,817 4,638,634 9,346,451 - 100% Net Surplus / (Deficit) 29,536,642 (18,615,607) (764,532) - (9,346,451) (4,613,119) (9,251,753) Beginning Cash Balance 29,536,642 - 29,536,642 29,536,642 Cash Adjustments (59,073,284) 48,152,249 (17,892,650) - Ending Cash Balance - 29,536,642 10,879,460 20,190,191 5,502,282 Cash Reserves Target - - - - 29,536,641.85 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Fund General Fund (#101) 4,948,093 8,812,411 10,775,075 - 20,706,219 2,117,250 6,728,311 8,845,561 11,860,657 43% American Rescue Plan (#263)- 2,697,983 945,227 - 9,346,451 4,707,817 4,638,634 9,346,451 - 100% Total Expenditures by Fund 4,948,093 11,510,393 11,720,302 - 30,052,669 6,825,067 11,366,945 18,192,012 11,860,657 61% Expenditures by ARP Programs Strong Neighborhoods Home Repair Assistance Programs - 4,980 1,440 - 2,493,580 339,795 397,325 737,120 1,756,460 30% Housing Financing - - 121,108 - 2,378,892 - 1,803,670 1,803,670 575,222 76% Home Buying Assistance - 55 - - 999,945 - - - 999,945 0% Additional Neighborhood Infrastructure - 737,196 1,232,733 - 530,071 128,915 143,707 272,622 257,449 51% City-wide Comprehensive Plan - 174,195 105,479 - 220,326 7,381 50,792 58,172 162,153 26% Plan Implementation - 17,000 251,541 - 31,459 - 12,109 12,109 19,350 38% Land Bank Startup Costs - - 27,390 - 222,610 19,385 525 19,910 202,700 9% Demolitions (Vacant & Abandoned / Commercial) - 892,419 128,991 - 3,148,589 306,096 1,190,718 1,496,814 1,651,775 48% Neighborhood Development Assistance - - 0 - 150,000 - 55,000 55,000 95,000 37% Vacant Building Development Financing - - 500,000 - 1,000,000 - 1,000,000 1,000,000 - 100% Neighborhood Recovery Grants - - 80,000 - 120,000 - - - 120,000 0% Neighborhood Main Streets (Bike Racks, Trash Cans, etc.) - 16,840 15,644 - 267,516 54,576 168,158 222,734 44,782 83% Athletic Court Repair - 1,009,229 504,772 - 85,999 8,550 77,449 85,999 - 100% Subtotal - 2,851,915 2,969,099 - 11,648,986 864,698 4,899,452 5,764,150 5,884,836 49% Safe Community for Everyone Homelessness Strategy Implementation - 200,000 - - - - - - - - County Partnerships on Homelessness & Mental Health - 1,000,000 5,241,510 - 558,490 21,633 536,857 558,490 - 100% Gun Violence Intervention - 15,668 63,222 - 421,111 34,254 - 34,254 386,857 8% Public Safety Technology Upgrades - 195,531 814,425 - 488,749 89,055 35,185 124,239 364,509 25% COVID Response 1,448,093 - - - - - - - - - COVID Facilities Upgrades - 66,774 209,033 - 1,724,193 778,336 934,444 1,712,780 11,414 99% ARP Premium Pay - 1,889,660 - - - - - - - - Subtotal 1,448,093 3,367,632 6,328,189 - 3,192,543 923,277 1,506,486 2,429,763 762,780 76% Robust, Sustainable Infrastructure - Green Infrastructure Greener Homes - - - - 100,000 100,000 - 100,000 - 100% Solarize, Switch & Save - 133,500 91,060 - 75,440 - 72,440 72,440 3,000 96% Commercial Recycling Partnership for CBD’s - - 806 - 74,194 - 198 198 73,996 0% EV Plan & Deployment - 2,897 85,277 - 61,826 - 105 105 61,721 0% Distributed Solar/Storage - 150,000 - - 850,000 - - - 850,000 0% Subtotal - 286,397 177,143 - 1,161,460 100,000 72,743 172,743 988,717 15% Equitable Access to Opportunity Small Business Assistance - - 107,366 - 1,642,634 182,241 150,094 332,335 1,310,299 20% Utility Relief 3,500,000 1,131,794 868,000 - 206 - - - 206 0% Streamlined Assistance - 281,613 133,800 - 184,587 - 50,538 50,538 134,049 27% Opportunity Fund - 54,600 64,434 - 880,966 3,110 200 3,310 877,656 0% Immigration Support - 63,848 37,500 - 2 - - - 2 0% Subtotal 3,500,000 1,531,856 1,211,100 - 2,708,394 185,351 200,832 386,183 2,322,212 14% Youth and Workforce Development Workforce Development - 152,606 44,645 - 51,399 - 48,799 48,799 2,600 95% Dream Center - 808,323 945,227 - 9,346,451 4,707,817 4,638,634 9,346,451 - 100% Pre-K Centers - 2,511,664 44,898 - 1,943,438 43,924 - 43,924 1,899,514 2% Subtotal - 3,472,593 1,034,770 - 11,341,287 4,751,741 4,687,433 9,439,174 1,902,114 83% Total Expenditures by Program 4,948,093 11,510,393 11,720,302 - 30,052,669 6,825,067 11,366,945 18,192,012 11,860,659 61% 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name COVID-19 Response Fund Number 264 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 1,490,275 460,352 368,404 75,000 75,000 152,219 152,219 (77,219) 203% Other Income 5,000 - - - - - - - - Interfund Transfers In 1,448,093 - - - - - - - - Total Revenue 2,943,368 460,352 368,404 75,000 75,000 152,219 152,219 (77,219) 203% Expenditures by Activity Mayor's Office - - - - - - - - - - Common Couuncil - - - - - - - - - - Administration & Finance 1,000,100 - - - - - - - - - Public Works (96) - - - - - - - - - Innovation & Technology 750 - - - - - - - - - Police Department 28,830 - - - - - - - - - Fire Department 1,180 - - - - - - - - - Community Investment 1,959,874 525,002 383,405 - 122,305 72,568 49,736 122,305 - 100% Venues, Parks & Arts 5,595 - - - - - - - - - Code Enforcement - - - - - - - - - - Building Department - - - - - - - - - - Total Expenditures 2,996,232 525,002 383,405 - 122,305 72,568 49,736 122,305 - 100% Expenditures by Type Supplies 18,318 - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Grants & Subsidies 1,959,664 525,002 383,405 - 122,305 72,568 49,736 122,305 - 100% Other Services & Charges 18,250 - - - - - - - - - Total Services & Charges 1,977,914 525,002 383,405 - 122,305 72,568 49,736 122,305 - 100% Interfund Transfers Out 1,000,000 - - - - - - - - - Total Expenditures 2,996,232 525,002 383,405 - 122,305 72,568 49,736 122,305 - 100% Net Surplus / (Deficit) (52,864) (64,649) (15,001) 75,000 (47,305) 79,650 29,914 Beginning Cash Balance - 53,214 - - Cash Adjustments 106,078 11,435 (37,920) - Ending Cash Balance 53,214 - (52,921) (47,305) - Cash Reserves Target - - - - =SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Local Income Tax - Certified Shares Fund Number 404 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 13,334,937 9,591,298 - - - - - - - Interest Earnings 87,126 205,249 (329,900) - - 19,824 19,824 (19,824) - Debt Proceeds 1,598,000 1,632,000 - - - - - - - Other Income 246,998 53,680 318,253 - - - - - - Interfund Transfers In 147,786 730,725 - - - - - - - Total Revenue 15,414,847 12,212,952 (11,647) - - 19,824 19,824 (19,824) - Expenditures by Activity General City 3,173,836 1,248,612 13,131,982 - 3,402,510 4,155 94,746 98,901 3,303,608 3% Legal Dept 2,527 625 - - - - - - - - Information Technology 28,098 31,365 40,135 - - - - - - - Police Department 1,826,705 4,030,548 1,138,217 - - 569,109 - 569,109 (569,109) - Vacant & Abandoned Houses 185,684 338,827 - - - - - - - - Community Investment 25,880 687,244 - - - - - - - - Parks & Recreation 1,596,732 1,324,793 84,198 - 11,356 11,356 - 11,356 - 100% Morris Performing Arts Center 1,800,000 - - - - - - - - - Light Up South Bend 146,590 158,047 - - 99,875 - 99,875 99,875 - 100% Streets - 3,750,000 - - - - - - - - Curb & Sidewalk 1,500,000 1,500,000 - - - - - - - - Traffic Signals & Street Lighting 1,401,657 1,327,014 - - - - - - - - Total Expenditures 11,687,709 14,397,074 14,394,532 - 3,513,740 584,619 194,621 779,241 2,734,499 22% Expenditures by Type Supplies 145,595 107,876 - - 99,875 - 99,875 99,875 - 100% Services & Charges Professional Services 35,065 87,389 40,135 - 98,901 4,155 94,746 98,901 - 100% Printing & Advertising 24,785 - - - - - - - - - Utilities 1,401,657 1,327,014 - - - - - - - - Repairs & Maintenance 565,186 912,701 84,198 - 11,356 11,356 - 11,356 - 100% Grants & Subsidies 340,711 1,016,129 - - - - - - - - Other Services & Charges 1,086,776 1,564,276 172 - - - - - - - Debt Service Interest & Fees 53,009 40,171 58,178 - - 23,304 - 23,304 (23,304) - Total Services & Charges 5,138,446 6,217,414 1,262,722 - 110,257 584,619 94,746 679,365 (569,109) 616% Capital 123,519 2,692,887 - - - - - - - - Interfund Interfund Allocations 9,753 9,676 - - - - - - - - Interfund Transfers Out 6,270,396 5,369,221 13,131,810 - 3,303,608 - - - 3,303,608 0% Total Interfund 6,280,149 5,378,897 13,131,810 - 3,303,608 - - - 3,303,608 0% Total Expenditures 11,687,709 14,397,074 14,394,532 - 3,513,740 584,619 194,621 779,241 2,734,499 22% Net Surplus / (Deficit) 3,727,138 (2,184,123) (14,406,179) - (3,513,740) (564,796) (759,417) 18,631,245 Beginning Cash Balance 18,631,245 14,902,237 18,631,245 18,631,245 Cash Adjustments (7,456,146) 5,913,131 12,226,737 - Ending Cash Balance 14,902,237 18,631,245 16,451,803 15,117,505 1,463,985 Cash Reserves Target 5,843,854 7,198,537 7,197,266 1,756,870 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Cumulative Capital Development Fund Number 406 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 469,124 492,015 581,307 610,828 610,828 - - 610,828 0% Intergov./ Shared Revenues 41,568 19,615 43,758 45,458 45,458 - - 45,458 0% Interest Earnings 928 2,505 4,133 2,724 2,724 1,961 1,961 763 72% Total Revenue 511,620 514,135 629,199 659,010 659,010 1,961 1,961 657,049 0% Expenditures by Activity Transfer to Fund 404 - 143,687 458,333 500,000 500,000 166,667 - 166,667 333,333 33% Police Department 394,767 367,808 260,548 48,541 48,541 48,541 - 48,541 - 100% Park Capital - - - - - - - - - - Total Expenditures 394,767 511,495 718,881 548,541 548,541 215,207 - 215,207 333,333 39% Expenditures by Type Services & Charges Debt Service Principal 370,109 353,115 255,412 47,993 47,993 47,993 - 47,993 - 100% Debt Service Interest & Fees 24,658 14,694 5,136 547 547 547 - 547 - 100% Total Services & Charges 394,767 367,808 260,548 48,541 48,541 48,541 - 48,541 - 100% Capital - - - - - - - - - - Interfund Transfers Out - 143,687 458,333 500,000 500,000 166,667 - 166,667 333,333 33% Total Expenditures 394,767 511,495 718,881 548,541 548,541 215,207 - 215,207 333,333 39% Beginning Cash Balance 286,746 169,893 286,746 286,746 Cash Adjustments (233,706) 114,213 91,912 - Ending Cash Balance 169,893 286,746 288,976 397,215 (13,734) 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Cumulative Capital Improvement Fund Number 407 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 207,761 187,765 187,788 186,102 186,102 - - 186,102 0% Interest Earnings 3,682 7,039 7,680 2,686 2,686 2,781 2,781 (95) 104% Other Income 25,000 - - 25,000 25,000 - - 25,000 0% Total Revenue 236,443 194,804 195,468 213,788 213,788 2,781 2,781 211,007 1% Expenditures by Activity Transfer to Fund 404 - 239,341 275,000 75,000 75,000 25,000 - 25,000 50,000 33% Community Investment - - - - - - - - - - Park Vehicles & Equipment 262,145 - - - - - - - - - Venues, Parks & Arts Capital - 246,116 996 170,000 170,000 - - - 170,000 0% Streets Vehicles & Equipment - - - - - - - - - - Total Expenditures 262,145 485,457 275,996 245,000 245,000 25,000 - 25,000 220,000 10% Expenditures by Type Capital - 246,116 996 170,000 170,000 - - - 170,000 0% Interfund Transfers Out 262,145 239,341 275,000 75,000 75,000 25,000 - 25,000 50,000 33% Total Expenditures 262,145 485,457 275,996 245,000 245,000 25,000 - 25,000 220,000 10% Net Surplus / (Deficit) (25,702) (290,653) (80,528) (31,212) (31,212) (22,219) (22,219) Beginning Cash Balance 651,096 676,798 651,096 651,096 Cash Adjustments 51,404 264,951 (211,548) - Ending Cash Balance 676,798 651,096 359,020 619,884 257,281 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Local Income Tax - Economic Development Fund Number 408 Fund Type Special Revenue Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 13,006,489 12,704,389 17,660,862 16,896,469 16,896,469 5,632,156 5,632,156 11,264,313 33% Intergov./ Grants - - 44,703 - - 0 0 - - Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 128,951 353,542 750,667 62,311 62,311 306,998 306,998 (244,687) 493% Donations - 67,950 7,500 - - - - - - Other Income 151,545 165,020 1,124 150,000 150,000 700 700 149,300 0% Interfund Transfers In 1,000,000 - - - - - - - - Total Revenue 14,286,985 13,290,901 18,464,856 17,108,780 17,108,780 5,939,854 5,939,854 11,168,926 35% Expenditures by Activity General City - 2,834,071 64,117 - 4,901,811 15,066 533,154 548,220 4,353,591 11% PSAP 2,812,202 - - - - - - - - - Community Investment 2,274,806 5,741,067 6,783,252 5,984,028 8,210,187 1,915,952 1,239,193 3,155,145 5,055,042 38% Neighborhoods 2,340,000 3,562,633 3,839,034 8,020,000 9,550,707 2,697,809 1,040,438 3,738,247 5,812,460 39% Streets - 1,257,250 2,379,999 2,800,000 5,119,305 (815,496) 2,167,257 1,351,761 3,767,544 26% 2015 Park Bonds 376,736 374,474 308,421 369,381 369,381 181,690 - 181,690 187,691 49% Potawatomi Zoo - - 1,100,000 - - - - - - - 2018 Zoo Bonds 324,100 332,100 334,500 326,500 326,500 164,250 - 164,250 162,250 50% Engineering - - - 50,000 50,000 - - - 50,000 0% 2021 Infrastructure Bonds 253,000 575,500 644,500 4,790,300 4,790,300 322,000 - 322,000 4,468,300 7% Total Expenditures 8,380,845 14,677,096 15,453,823 22,340,209 33,318,192 4,481,271 4,980,042 9,461,313 23,856,878 28% Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services 3,074,579 380,420 489,734 560,000 751,654 327,827 315,783 643,609 108,045 86% Printing & Advertising 2,706 8,644 1,969 5,000 5,500 - 500 500 5,000 9% Utilities 46,983 47,538 41,208 72,828 72,828 10,771 - 10,771 62,057 15% Repairs & Maintenance 122,395 1,526,173 2,411,278 71,200 2,390,505 (814,328) 2,167,293 1,352,965 1,037,540 57% Grants & Subsidies 1,028,845 2,817,950 3,696,740 2,375,000 5,532,831 1,915,766 1,576,382 3,492,148 2,040,683 63% Other Services & Charges - 39,675 123,986 600,000 968,493 40 381,532 381,572 586,921 39% Debt Service Interest & Fees 209,777 142,850 135,250 127,500 127,500 64,250 - 64,250 63,250 50% Total Services & Charges 4,799,629 5,153,250 7,100,164 4,011,528 10,049,311 1,604,326 4,441,490 6,045,815 4,003,496 60% Capital 112,229 3,003,653 324,647 - 4,940,199 32,256 538,552 570,808 4,369,391 12% Interfund Transfers Out 3,468,986 6,520,192 8,029,012 18,328,681 18,328,681 2,844,690 - 2,844,690 15,483,991 16% Total Expenditures 8,380,845 14,677,096 15,453,823 22,340,209 33,318,192 4,481,271 4,980,042 9,461,313 23,856,878 28% Net Surplus / (Deficit) 5,906,140 (1,386,195) 3,011,033 (5,231,429) (16,209,411) 1,458,583 (3,521,459) Beginning Cash Balance 24,795,353 24,795,353 24,795,353 24,795,353 Cash Adjustments (5,906,140) 1,386,195 (4,431,529) - Ending Cash Balance 24,795,353 24,795,353 23,374,857 8,585,942 28,162,254 Cash Reserves Target 4,190,422 7,338,548 7,726,911 16,659,096 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Equipment/Vehicle Leasing Fund Number 750 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 17 - - - - - - - - Total Revenue 17 - - - - - - - - Expenditures by Type Services & Charges Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Interfund Transfers Out - 347,697 - - - - - - - - Total Expenditures - 347,697 - - - - - - - - Net Surplus / (Deficit) 17 (347,697) - - - - - Beginning Cash Balance 347,697 347,680 347,697 347,697 Cash Adjustments (35) 347,714 (347,697) - Ending Cash Balance 347,680 347,697 - 347,697 - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital lease fund - spend down to zero This fund 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name South Bend Redevelopment Authority Fund Number 752 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 71 2,855 16,077 5,420 5,420 8,155 8,155 (2,735) 150% Interfund Transfers In 2,866,000 3,055,500 3,825,000 4,684,081 4,684,081 2,200,000 2,200,000 2,484,081 47% Debt Proceeds - - (33,098,353) - - - - - - Total Revenue 2,866,071 3,058,355 (29,257,277) 4,689,501 4,689,501 2,208,155 - 2,208,155 2,481,346 47% Expenditures by Type Services & Charges Debt Service Principal 1,850,000 2,030,000 2,205,000 2,300,000 2,300,000 960,000 - 960,000 1,340,000 42% Debt Service Interest & Fees 1,006,069 1,012,027 1,447,309 2,389,081 2,389,081 1,766,578 - 1,766,578 622,503 74% Total Expenditures 2,856,069 3,042,027 3,652,309 4,689,081 4,689,081 2,726,578 - 2,726,578 1,962,503 58% Net Surplus / (Deficit) 10,002 16,328 (32,909,585) 420 420 (518,423) (518,423) Beginning Cash Balance 242,425 232,423 242,425 242,425 Cash Adjustments (20,004) (6,326) 32,925,913 - Ending Cash Balance 232,423 242,425 258,753 242,845 (70,902) Cash Reserves Target 232,423 242,425 258,753 242,845 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name South Bend Building Corporation Fund Number 755 Fund Type Debt Service Funds Control City Funds 2024 2024 2024 2024 Total 2021 2022 2023 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 58 1,249 3,995 20,165 20,165 733 733 19,432 4% Debt Proceeds 8,860,022 - - - - - - - - Interfund Transfers In 2,564,000 2,736,000 2,217,500 1,423,193 1,423,193 719,750 719,750 703,443 51% Total Revenue 11,424,080 2,737,249 2,221,495 1,443,358 1,443,358 720,483 720,483 722,875 50% Expenditures by Type Services & Charges Debt Service Principal 2,150,000 2,195,000 1,645,000 910,000 910,000 590,000 - 590,000 320,000 65% Debt Service Interest & Fees 635,015 554,716 557,118 515,193 515,193 261,884 - 261,884 253,309 51% Total Services & Charges 2,785,015 2,749,716 2,202,118 1,425,193 1,425,193 851,884 - 851,884 573,309 60% Interfund Transfers Out 9,248,224 - - - - - - - - - Total Expenditures 12,033,240 2,749,716 2,202,118 1,425,193 1,425,193 851,884 - 851,884 573,309 60% Net Surplus / (Deficit) (609,159) (12,468) 19,377 18,165 18,165 (131,401) (131,401) Beginning Cash Balance 224,375 833,535 224,375 224,375 Cash Adjustments 1,218,319 (596,691) (31,845) - Ending Cash Balance 833,535 224,375 211,908 242,541 99,884 Cash Reserves Target 833,535 224,375 211,908 242,541 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - River West Development Area Fund Number 324 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 18,120,969 16,811,078 19,559,921 18,091,160 18,091,160 - - 18,091,160 0% Intergov./ Shared Revenues 383,000 200,000 385,000 396,500 396,500 197,000 197,000 199,500 50% Intergov./ Grants 868,707 123,848 331,620 - - 183,321 183,321 (183,321) - Charges for Services - - - - - - - - - Interest Earnings 153,650 431,088 868,831 465,981 465,981 359,802 359,802 106,180 77% Donations - - - - - - - - - Debt Proceeds - - - - - - - - - Other Income 22,900 167,125 68,639 - - 72,435 72,435 (72,435) - Interfund Transfers In 585,315 16 8 - - - - - - Total Revenue 20,134,540 17,733,155 21,214,018 18,953,641 18,953,641 812,558 812,558 18,141,084 4% Expenditures by Type Services & Charges Professional Services 714,611 669,160 761,913 447,928 6,088,271 387,716 4,737,202 5,124,918 963,353 84% Debt Service Principal 3,883,193 3,711,202 3,874,615 4,063,455 4,063,455 2,006,230 - 2,006,230 2,057,225 49% Debt Service Interest & Fees 958,715 812,903 641,646 461,970 461,970 258,298 - 258,298 203,673 56% Other Services & Charges - 250,000 225,000 - 3,025,000 - 2,443,740 2,443,740 581,260 81% Total Services & Charges 5,556,519 5,443,266 5,503,174 4,973,353 13,638,696 2,652,243 7,180,942 9,833,186 3,805,511 72% Capital 4,873,092 6,103,348 12,780,071 12,991,913 46,061,700 7,118,790 12,724,190 19,842,980 26,218,720 43% Interfund Transfers Out 5,013,303 4,710,000 4,270,800 4,581,135 4,581,135 1,572,000 - 1,572,000 3,009,135 34% Total Expenditures 15,442,915 16,256,613 22,554,045 22,546,401 64,281,530 11,343,033 19,905,133 31,248,166 33,033,366 49% Net Surplus / (Deficit) 4,691,625 1,476,541 (1,340,027) (3,592,759) (45,327,889) (10,530,475) (30,435,608) Beginning Cash Balance 33,713,041 29,039,261 33,713,041 33,713,041 Cash Adjustments (9,365,405) 3,197,238 2,754,322 - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - West Washington Fund Number 422 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 348,856 308,363 490,344 289,606 289,606 - - 289,606 0% Interest Earnings 7,164 18,135 45,603 30,516 30,516 20,606 20,606 9,910 68% Other Income - - - - - - - - - Total Revenue 356,020 326,498 535,947 320,121 320,121 20,606 20,606 299,516 6% Expenditures by Type Services & Charges Professional Services 45,544 - - - 1,140,000 - 1,140,000 1,140,000 - 100% Total Services & Charges 45,544 - - - 1,140,000 - 1,140,000 1,140,000 - 100% Capital 202,738 113,570 99,745 280,000 348,357 68,357 - 68,357 280,000 20% Total Expenditures 248,282 113,570 99,745 280,000 1,488,357 68,357 1,140,000 1,208,357 280,000 81% Net Surplus / (Deficit) 107,738 212,928 436,202 40,121 (1,168,235) (47,751) (1,187,751) Beginning Cash Balance 1,235,031 1,127,293 1,235,031 1,235,031 Cash Adjustments (215,476) (105,190) (227,492) - Ending Cash Balance 1,127,293 1,235,031 1,443,740 66,795 1,835,440 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - River East Development Area (NE Dev) Fund Number 429 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 4,328,968 4,209,328 6,216,898 3,899,348 3,899,348 - - 3,899,348 0% Interest Earnings 39,992 146,645 360,139 138,858 138,858 164,216 164,216 (25,357) 118% Other Income 74,327 16,850 1,000 - - - - - - Interfund Transfers In 673,180 - - - - - - - - Total Revenue 5,116,467 4,372,823 6,578,037 4,038,206 4,038,206 164,216 164,216 3,873,991 4% Expenditures by Type Services & Charges Professional Services 67,611 428,035 371,517 - 1,126,297 52,418 992,237 1,044,656 81,641 93% Insurance 523 - - - - - - - - - Other Services & Charges - - - - - - - - - - Interfund Transfer Out - - 230,200 - - - - - - - Total Services & Charges 68,133 428,035 601,717 - 1,126,297 52,418 992,237 1,044,656 81,641 93% Capital 1,336,457 1,549,275 3,232,307 3,500,000 9,666,149 353,396 2,371,652 2,725,048 6,941,101 28% Total Expenditures 1,404,591 1,977,310 3,834,024 3,500,000 10,792,446 405,815 3,363,889 3,769,703 7,022,742 35% Net Surplus / (Deficit) 3,711,876 2,395,513 2,744,012 538,206 (6,754,240) (241,599) (3,605,488) Beginning Cash Balance 9,506,445 5,864,278 9,506,445 9,506,445 Cash Adjustments (7,354,043) 1,246,655 (350,543) - Ending Cash Balance 5,864,278 9,506,445 11,899,914 2,752,206 14,406,763 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - Southside Development Area #1 Fund Number 430 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 2,981,728 2,745,678 2,986,918 1,852,064 1,852,064 - - 1,852,064 0% Interest Earnings 75,461 200,851 411,769 100,986 100,986 126,784 126,784 (25,798) 126% Other Income - - 691,010 - - - - - - Total Revenue 3,057,189 2,946,528 4,089,697 1,953,050 1,953,050 126,784 126,784 1,826,266 6% Expenditures by Type Services & Charges Professional Services 162,661 176,193 568,771 - 275,982 179,938 81,784 261,722 14,260 95% Total Services & Charges 162,661 176,193 568,771 - 275,982 179,938 81,784 261,722 14,260 95% Capital 999,692 2,057,679 5,879,206 2,000,000 11,260,280 3,220,113 5,138,300 8,358,413 2,901,867 74% Total Expenditures 1,162,353 2,233,872 6,447,977 2,000,000 11,536,262 3,400,051 5,220,084 8,620,135 2,916,127 75% Net Surplus / (Deficit) 1,894,837 712,656 (2,358,280) (46,950) (9,583,212) (3,273,267) (8,493,351) Beginning Cash Balance 14,473,182 12,586,134 14,473,182 14,473,182 Cash Adjustments (3,781,884) 1,174,391 3,047,830 - Ending Cash Balance 12,586,134 14,473,182 15,162,732 4,889,970 9,543,546 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - Douglas Road Fund Number 435 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 269,923 308,581 233,288 169,320 169,320 - - 169,320 0% Interest Earnings 687 3,018 12,570 10,824 10,824 6,791 6,791 4,033 63% Total Revenue 270,610 311,600 245,859 180,144 180,144 6,791 6,791 173,353 4% Expenditures by Type Services & Charges Professional Services 14,800 1,308 - - 74,175 - - - 74,175 0% Total Services & Charges 14,800 1,308 - - 74,175 - - - 74,175 0% Interfund Transfers Out 91,370 209,147 - - - - - - - - Total Expenditures 106,170 210,455 - - 74,175 - - - 74,175 0% Net Surplus / (Deficit) 164,440 101,145 245,859 180,144 105,969 6,791 6,791 Beginning Cash Balance 257,579 93,140 257,579 257,579 Cash Adjustments (328,879) 63,295 (145,504) - Ending Cash Balance 93,140 257,579 357,934 363,548 611,199 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name TIF - River East Residential Area (NE Res) Fund Number 436 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 6,299,000 6,268,217 7,228,216 6,097,948 6,097,948 - - 6,097,948 0% Interest Earnings 19,471 56,636 157,758 117,973 117,973 93,521 93,521 24,452 79% Total Revenue 6,318,471 6,324,854 7,385,974 6,215,921 6,215,921 93,521 93,521 6,122,400 2% Expenditures by Type Services & Charges Professional Services 13,350 11,500 - 30,000 45,000 10,740 - 10,740 34,260 24% Debt Service Principal 427,037 445,523 464,882 126,129 126,129 71,390 - 71,390 54,739 57% Debt Service Interest & Fees 67,791 49,305 29,946 14,386 14,386 6,679 - 6,679 7,707 46% Capital - - 338,132 - 2,561,868 566,180 1,861,076 2,427,256 Total Services & Charges 508,178 506,328 832,960 170,514 2,747,382 654,988 1,861,076 2,516,064 96,706 92% Interfund Transfers Out 5,058,659 4,396,375 4,403,875 4,409,606 4,409,606 2,202,625 - 2,202,625 2,206,981 50% Total Expenditures 5,566,837 4,902,703 5,236,835 4,580,121 7,156,989 2,857,613 1,861,076 4,718,689 2,303,687 66% Net Surplus / (Deficit) 751,634 1,422,151 2,149,139 1,635,800 (941,068) (2,764,092) (4,625,168) Beginning Cash Balance 5,429,968 4,678,334 5,429,968 5,429,968 Cash Adjustments (1,503,268) (670,516) (740,333) - Ending Cash Balance 4,678,334 5,429,968 6,838,775 4,488,900 6,234,212 Cash Reserves Target - - - - 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 6,133 10,084 30,526 - - 12,138 12,138 (12,138) - Total Revenue 6,133 10,084 30,526 - - 12,138 12,138 (12,138) - Expenditures by Type Interfund Transfers Out 6,133 - - - - - - - - - - - - 1,040,462 1,040,462 - - - 1,040,462 - Total Expenditures 6,133 - - 1,040,462 1,040,462 - - - 1,040,462 0% Net Surplus / (Deficit) - 10,084 30,526 (1,040,462) (1,040,462) 12,138 12,138 Beginning Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Adjustments - (10,084) (23,836) - Ending Cash Balance 1,040,462 1,040,462 1,047,153 0 1,092,461 Cash Reserves Target 1,040,462 1,040,462 1,047,153 0 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 6,133 10,084 30,526 - - 12,138 12,138 (12,138) - Total Revenue 6,133 10,084 30,526 - - 12,138 12,138 (12,138) - Expenditures by Type Interfund Transfers Out 6,133 - - - - - - - - - - - - 1,040,462 1,040,462 - - - 1,040,462 0% Total Expenditures 6,133 - - 1,040,462 1,040,462 - - - 1,040,462 0% Net Surplus / (Deficit) - 10,084 30,526 (1,040,462) (1,040,462) 12,138 12,138 Beginning Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Adjustments - (10,084) (23,836) - Ending Cash Balance 1,040,462 1,040,462 1,047,153 0 1,092,461 Cash Reserves Target 1,040,462 1,040,462 1,047,153 0 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 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2018 TIF Park Bond Debt Service Fund Number 351 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 6,085 14,409 30,515 21,353 21,353 12,133 12,133 9,220 57% Total Revenue 6,085 14,409 30,515 21,353 21,353 12,133 12,133 9,220 57% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 6,085 14,409 30,515 21,353 21,353 12,133 12,133 Beginning Cash Balance 1,035,750 1,029,665 1,035,750 1,035,750 Cash Adjustments (12,169) (8,324) (19,498) - Ending Cash Balance 1,029,665 1,035,750 1,046,766 1,057,103 1,092,058 Cash Reserves Target 1,029,665 1,035,750 1,046,766 1,057,103 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2019 South Shore Double Tracking Debt Service Fund Number 352 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 3 3 3 402 402 1 1 400 0% Interfund Transfers In 1,036,500 1,035,000 1,035,500 1,033,625 1,033,625 519,000 519,000 514,625 50% Total Revenue 1,036,503 1,035,003 1,035,503 1,034,027 1,034,027 519,001 519,001 515,025 50% Expenditures by Type Services & Charges Debt Service Principal 650,000 685,000 720,000 760,000 760,000 375,000 - 375,000 385,000 49% Debt Service Interest & Fees 377,750 344,750 310,125 273,625 273,625 141,500 - 141,500 132,125 52% Total Services & Charges 1,027,750 1,029,750 1,030,125 1,033,625 1,033,625 516,500 - 516,500 517,125 50% Total Expenditures 1,027,750 1,029,750 1,030,125 1,033,625 1,033,625 516,500 - 516,500 517,125 50% Net Surplus / (Deficit) 8,753 5,253 5,378 402 402 2,501 2,501 Beginning Cash Balance 9,443 690 9,443 9,443 Cash Adjustments (17,506) 3,500 (125) - Ending Cash Balance 690 9,443 14,696 9,844 22,575 Cash Reserves Target 690 9,443 14,696 9,844 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2020 TIF Library Bond Debt Service Reserve Fund Number 353 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 16 16 16 6,539 6,539 5 5 6,534 0% Interfund Transfers In - - - - - - - - - Total Revenue 16 16 16 6,539 6,539 5 5 6,534 0% Expenditures by Type Interfund Transfers Out 11 16 8 - - - - - - - Total Expenditures 11 16 8 - - - - - - - Net Surplus / (Deficit) 5 - 8 6,539 6,539 5 5 Beginning Cash Balance 326,944 326,939 326,944 326,944 Cash Adjustments (11) 5 (8) - Ending Cash Balance 326,939 326,944 326,944 333,483 326,958 Cash Reserves Target 326,939 326,944 326,944 333,483 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. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Redevelopment General Fund Number 433 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 3,543 556 352 100 100 0 0 100 0% Hotel/Motel Taxes - 374,523 191,000 763,500 763,500 190,500 190,500 573,000 25% Interest Earnings 13,014 44,323 98,249 76,586 76,586 35,808 35,808 40,779 47% Donations 1,411,877 1,000,000 1,364,412 1,000,000 1,000,000 - - 1,000,000 0% Other Income 1,000 - - - - - - - - Interfund Transfers In - - - 150,000 150,000 - - 150,000 0% Total Revenue 1,429,434 1,419,402 1,654,014 1,990,186 1,990,186 226,308 226,308 1,763,879 11% Expenditures by Type Services & Charges Professional Services 91 - 10,006 4,500 94,494 13,162 53,930 67,092 27,402 71% Grants & Subsidies 538,272 460,417 1,397,903 - 1,126,964 87,404 635,711 723,115 403,849 64% Total Services & Charges 538,363 460,417 1,407,909 4,500 1,221,458 100,566 689,641 790,207 431,251 65% Capital - - - 1,000,000 1,000,000 - - - 1,000,000 0% Interfund Transfers Out 147,786 381,500 763,000 750,388 750,388 381,500 - 381,500 368,888 51% Total Expenditures 686,149 841,917 2,170,909 1,754,888 2,971,846 482,066 689,641 1,171,707 1,800,139 39% Net Surplus / (Deficit) 743,285 577,485 (516,895) 235,299 (981,660) (255,758) (945,399) Beginning Cash Balance 3,187,994 2,444,710 3,187,994 3,187,994 Cash Adjustments (1,486,570) 165,800 1,083,162 - Ending Cash Balance 2,444,710 3,187,994 3,754,261 2,206,335 3,020,982 Cash Reserves Target 171,537 210,479 542,727 742,961 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Certified Technology Park Fund Number 439 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 65 155 328 230 230 131 131 99 57% Total Revenue 65 155 328 230 230 131 131 99 57% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 65 155 328 230 230 131 131 Beginning Cash Balance 11,145 11,080 11,145 11,145 Cash Adjustments (131) (90) (210) - Ending Cash Balance 11,080 11,145 11,264 11,375 11,751 Cash Reserves Target - - - - Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2018 TIF Park Bond Capital Fund Number 452 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 15,033 33,275 67,016 - - 19,175 19,175 (19,175) - Total Revenue 15,033 33,275 67,016 - - 19,175 19,175 (19,175) - Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 188,982 156,103 7,480 - 2,315,432 919,772 1,395,660 2,315,432 - 100% Total Expenditures 188,982 156,103 7,480 - 2,315,432 919,772 1,395,660 2,315,432 - 100% Net Surplus / (Deficit) (173,950) (122,827) 59,536 - (2,315,432) (900,596) (2,296,256) Beginning Cash Balance 2,433,236 2,614,468 2,433,236 2,433,236 Cash Adjustments 355,182 (58,405) (189,921) - Ending Cash Balance 2,614,468 2,433,236 2,302,851 117,804 1,467,606 Cash Reserves Target - - - - Fund Purpose: 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name Airport Urban Enterprise Zone Fund Number 454 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,411 5,709 12,091 8,296 8,296 4,808 4,808 3,488 58% Total Revenue 2,411 5,709 12,091 8,296 8,296 4,808 4,808 3,488 58% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 2,411 5,709 12,091 8,296 8,296 4,808 4,808 Beginning Cash Balance 410,393 407,982 410,393 410,393 Cash Adjustments (4,822) (3,298) (7,726) - Ending Cash Balance 407,982 410,393 414,758 418,689 432,704 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 City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2023 South Bend Redevelopment Authority Fund Number 456 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Other Income - - 7,115,209 - - 101,673 101,673 (101,673) - Debt Proceeds - - 33,098,353 - - - - - - Interfund Transfers In - - - - - - - - - Interest Earnings - - - - - 341,118 341,118 (341,118) - Total Revenue - - 40,213,563 - - 442,791 - 442,791 (101,673) - Expenditures by Type Services & Charges Debt Service Interest & Fees - - 490,359 - - - - - - - Total Services & Charges - - 490,359 - - - - - - - Capital - - - - - - - - - - Interfund Interfund Allocations - - 6,325,379 - 20,831,723 1,208,528 4,680,489 5,889,017 14,942,705 28% Interfund Transfers Out - - - - - - - - - - Total Interfund - - 6,325,379 - 20,831,723 1,208,528 4,680,489 5,889,017 14,942,705 28% Total Expenditures - - 6,815,738 - 20,831,723 1,208,528 4,680,489 5,889,017 14,942,705 28% Net Surplus / (Deficit) - - 33,397,825 - (20,831,723) (765,737) (5,446,227) Beginning Cash Balance - - - - Cash Adjustments - - (33,397,825) - Ending Cash Balance - - - (20,831,723) 33,327,737 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 in 2023 to track the expenditures of the proceeds from the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2023, Series A. The Series A bonds were issued for the purpose of funding various public improvement projects located in the River East and River West TIF districts. Bond proceeds from the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2023, Series A. Expenditures will be related to the various public infrastructure improvement projects located within the South Bend Redevelopment Commission’s River West and River East Development Areas. City of South Bend, Indiana Monthly Financial Report April 30, 2024 Fund Name 2024 South Bend Redevelopment Authority Fund Number 457 Fund Type Capital Funds Control City Funds 2024 2024 2024 2024 2024 2024 2024 Total 2021 2022 2023 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Other Income - - - - - - - - - Debt Proceeds - - - - - - - - - Interfund Transfers In - - - - - - - - - Interest Earnings - - - - - - - - - Total Revenue - - - - - - - - - - Expenditures by Type Services & Charges Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - 72,470 72,470 (72,470) - Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - - - - - - 72,470 72,470 (72,470) - Net Surplus / (Deficit) - - - - - - (72,470) Beginning Cash Balance - - - - Cash Adjustments - - - - Ending Cash Balance - - - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No cash reserve target The proceeds of the 2024B Bonds will be used for the purpose of funding site work, construction of up to two public parking garages and a skyway improvement, and any projects related to the foregoing, supporting the Madison Lifestyle District located in the South Bend Redevelopment Commission's River West Development Area, to pay for a debt service surety policy, and to pay insurance expenses. Revenues to repay the 2024 series B bonds coming out of the River West TIF. Expenses paid from bond proceeds are related to cost of issuance and project costs.