HomeMy WebLinkAbout2025-10 - 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 - 9 Cash Reserves Summary
10 - 15 Revenue & Expense Summaries
16- 21 Revenue by Type
22 - 25 Expenditures by Activity
26 - 27 Outstanding Debt
28 - 35 Employee Headcount
Fund Summaries
36 - 57 General Fund
58 - 82 Public Works Funds
83 - 101 Public Safety Funds
102 - 120 Venues, Parks & Arts Funds
121 - 133 Department of Community Investment Funds
134 - 140 Internal Service Funds
141 - 154 Administrative Funds
155 - 172 Redevelopment Commission Controlled Funds
Distribution
Mayor
Chief of Staff
Deputy Chief of Staff
Common Council
Department Heads
Directors of Department Finance
October 31, 2025
Controller's Office
Page # General Fund Page # Venues, Parks & Arts Funds
36 101 General Fund 102 201 Parks & Recreation
103 273 Morris PAC / Palais Royale Marketing
General Fund Departments/Divisions 104 274 Morris PAC Self-Promotion
38 Mayor 105 312 2017 Parks Bond Debt Service
39 Community Initiatives 106 401 Coveleski Stadium Capital
40 Community Police Review Office 107 413 Professional Sports Convention Develop. Area
41 City Clerk 108 416 Morris Performing Arts Center Capital
42 Common Council 109 450 Palais Royale Historic Preservation
43 Controller's Office 110 453 Zoo Bond Capital
44 Human Resources 111 471 2017 Parks Bond Capital
45 Diversity & Inclusion 112 601 Parking Garages
46 Human Rights 113 602 Morris Performing Arts Center Operations
47 Legal Department 114 Morris PAC Historical Budget Summary
48 Engineering 115 670 Century Center
49 Office of Sustainability 116 671 Century Center Capital
50 AmeriCorps Grant Program 117 672 Century Center Energy Conservation Debt Svc
51 Police Department 118 730 City Cemetery
52 Police Crime Lab 119 731 Bowman Cemetery
53 Fire Department 120 757 2015 Parks Bond Debt Service
54 Emergency Medical Services
55 Fire Training Center Dept of Community Investment Funds
56 Morris Performing Arts Center 121 209 Studebaker-Oliver Revitalizing Grants
57 Palais Royale Ballroom 122 210 Economic Development State Grants
123 211 Dept of Community Investment Operating
Public Works Funds 124 212 Dept of Community Investment Grants
58 202 Motor Vehicle Highway 125 219 Unsafe Building
59 266 MVH Restricted 126 221 Rental Units Regulation
60 Motor Vehicle Highway Combined Budget Summary 127 230 Code Enforcement
61 251 Local Road & Street 128 410 Urban Development Action Grant
62 257 LOIT Special Distribution 129 600 Consolidated Building
63 265 Local Road & Bridge Grant 130 754 Industrial Revolving Fund
64 412 Major Moves Construction 131 756 2015 Smart Streets Bond Debt Service
65 455 2021 Infrastructure Bond Capital 132 759 2017 Eddy Street Commons Bond Capital
66 610 Solid Waste Operations 133 760 2017 Eddy Street Commons Bond Debt Service
67 611 Solid Waste Capital
68 620 Water Works Operations Internal Service Funds
69 622 Water Works Capital 134 222 Central Services
70 624 Water Works Customer Deposit 135 224 Central Services Capital
71 625 Water Works Sinking (Debt Service)136 226 Liability Insurance
72 626 Water Works Bond Reserve 137 279 IT / Innovation / 311 Call Center
73 629 Water Works Operations & Maint. Reserve 138 711 Self-Funded Employee Benefits
74 640 Sewer Repair Insurance 139 713 Unemployment Compensation
75 641 Sewage Works Operations 140 714 Parental Leave
76 642 Sewage Works Capital
77 643 Sewage Works Operations & Maint. Reserve Administrative Funds
78 649 Sewage Sinking (Debt Service)141 102 Rainy Day
79 653 Sewage Debt Service Reserve 142 217 Gift, Donation, Bequest
80 654 Sewage Works Customer Deposit 143 227 Loss Recovery
81 655 Project ReLeaf 144 258 Human Rights Federal Grants
82 667 Storm Sewer 145 263 American Rescue Plan
146 American Rescue Plan Budget Summary
Public Safety Funds 147 264 COVID-19 Response
83 216 Police State Seizures 148 404 Local Income Tax - Certified Shares
85 220 Law Enforcement Continuing Education 150 407 Cumulative Capital Improvement
86 249 Local Income Tax - Public Safety 151 408 Local Income Tax - Economic Development
87 278 Take Home Vehicle Police 152 750 Equipment/Vehicle Leasing
88 280 Police Block Grants 153 752 South Bend Redevelopment Authority
89 287 Fire Department Capital 154 755 South Bend Building Corporation
90 288 Emergency Medical Services Operating
91 289 Haz-Mat Redevelopment Commission Controlled Funds
92 291 Indiana River Rescue 155 324 TIF - River West Development Area
93 292 Police Grants 156 422 TIF - West Washington
94 294 Regional Police Academy 157 429 TIF - River East Development Area (NE Dev)
95 295 COPS MORE Grant 158 430 TIF - Southside Development Area #1
96 299 Police Federal Drug Enforcement 159 435 TIF - Douglas Road
97 350 2018 Fire Station #9 Bond Debt Service 160 436 TIF - River East Residential Area (NE Res)
98 451 2018 Fire Station #9 Capital 161 315 Redevelopment Bond - Airport Taxable
99 701 Fire Pension 162 328 Redevelopment Bond - Palais Royale
100 702 Police Pension 163 351 2018 TIF Park Bond Debt Service Reserve
101 705 Police K-9 Unit 164 352 2019 South Shore Double Tracking Bond Debt Svc
165 353 2020 TIF Library Bond Debt Service Reserve
166 433 Redevelopment General
167 439 Certified Technology Park
168 452 2018 TIF Park Bond Capital
169 454 Airport Urban Enterprise Zone
170 456 2023 South Bend Redevelopment Authority
171 457 2024 South Bend Redevelopment Authority
172 458 2024 RDA Bond Proceeds (Four Winds)
October 2025
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.
Cash Reserves Summary (6 - 9)
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 (10 - 15)
These summaries show the total revenue and expense by fund.
Revenue by Type (16- 21)
This report shows the City's revenue collected by month and the total estimated revenue for the current year.
Expenditures by Activity (22 - 25)
This report shows the City's actuals expenditures by month and the total budgeted expenditures for the current year.
Outstanding Debt (26 - 27)
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 (28 - 35)
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 (36 - 172)
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, 2025 through October 31, 2025
Beginning 2025 2025 Plus/(Minus) Ending Variance
Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below)
1/1/2025 Revenue Expenditures Adjustments (Deficit) 10/31/2025 Requirement Reserve Req.
City Controlled Funds
101 General Fund 93,698,543 73,482,989 97,691,586 (2,173,821) (26,382,418) 67,316,125 69,801,297 (2,485,171)
Special Revenue Funds
102 Rainy Day 11,375,389 439,183 - 460,870 900,052 12,275,442 3,307,398 8,968,044
201 Parks & Recreation 8,884,670 17,902,528 24,067,820 1,019,581 (5,145,711) 3,738,959 9,328,693 (5,589,734)
202 Motor Vehicle Highway 6,272,150 11,167,395 13,040,085 (1,827,653) (3,700,343) 2,571,807 5,277,456 (2,705,650)
209 Studebaker-Oliver Revitalizing Grants 652,479 23,476 72,033 (10,654) (59,211) 593,267 - -
210 Economic Development State Grants (134,601) - - 67,698 67,698 (66,903) - -
211 Dept of Community Investment Operating 396,172 3,198,189 3,786,615 243,176 (345,251) 50,922 - -
212 Dept of Community Investment Grants 1,212,370 3,087,161 3,310,047 (774,227) (997,113) 215,257 - -
216 Police State Seizures 257,001 68,520 - 49,471 117,991 374,992 5,500 369,492
217 Gift, Donation, Bequest 4,416,666 166,569 788,573 (1,588,700) (2,210,704) 2,205,962 - -
218 Police Curfew Violations - - - - - - - -
219 Unsafe Building 900,258 97,832 21,836 107,432 183,428 1,083,686 - -
220 Law Enforcement Continuing Education 999,052 280,475 1,060,046 (80,734) (860,305) 138,747 301,292 (162,544)
221 Rental Units Regulation 210,001 182,594 2,907 197,007 376,693 586,694 - -
227 Loss Recovery 2,174,242 457,726 - 949,626 1,407,352 3,581,594 - -
230 Code Enforcement (18,294) 4,745,052 4,751,428 27,788 21,412 3,118 - -
249 Local Income Tax - Public Safety 6,163,397 10,604,864 11,743,459 307,284 (831,311) 5,332,087 - -
251 Local Road & Street 1,388,435 1,825,032 950,560 (867,155) 7,317 1,395,752 - -
257 LOIT Special Distribution 67,475 1,336 34,535 (1,742) (34,940) 32,535 - -
258 Human Rights Federal Grants 155,014 109,470 255,776 155,812 9,506 164,520 - -
263 American Rescue Plan 10,144,293 35,833 23,274 (9,163,511) (9,150,952) 993,341 - -
264 COVID-19 Response (79,650) 4,166 4,166 79,650 79,650 - - -
265 Local Road & Bridge Grant 428,020 1,297,595 2,230,422 1,157,721 224,894 652,914 - -
266 MVH Restricted 848,707 2,679,751 2,902,490 420,482 197,743 1,046,451 - -
273 Morris PAC / Palais Royale Marketing - - - - - - - -
274 Morris PAC Self-Promotion - - - - - - - -
280 Police Block Grants - - - - - - - -
289 Haz-Mat 32,194 10,874 - 21,982 32,855 65,050 2,500 62,550
291 Indiana River Rescue 463,394 101,603 47,465 108,115 162,254 625,648 23,675 601,973
292 Police Grants - - - - - - - -
294 Regional Police Academy - - - - - - - -
295 COPS MORE Grant 20,876 - - - - 20,876 - -
299 Police Federal Drug Enforcement 201,296 40,475 32,043 92,818 101,249 302,545 12,500 290,045
404 Local Income Tax - Certified Shares 2,042,781 11,707 1,046,462 (1,255,942) (2,290,696) (247,915) - -
408 Local Income Tax - Economic Development 26,620,483 15,764,990 20,736,639 4,023,772 (947,877) 25,672,606 18,500,532 7,172,074
410 Urban Development Action Grant 69,114 2,668 - 2,800 5,468 74,583 - -
655 Project ReLeaf 461,511 401,738 297,534 86,013 190,216 651,727 117,422 534,305
705 Police K-9 Unit - - - - - - - -
709 Payroll Clearing (29,612) - - (2,373,774) (2,373,774) (2,403,386) - -
730 City Cemetery 31,507 1,216 - 1,277 2,493 34,000 - -
754 Industrial Revolving Fund 3,050,364 361,123 80,727 1,113,394 1,393,789 4,444,153 - -
Total Special Revenue Funds 90,172,800 75,090,276 91,286,943 (7,230,244) (23,426,910) 66,745,890 37,276,967 9,675,415
Debt Service Funds
312 2017 Parks Bond Debt Service 153,346 637,277 1,181,215 16,483 (527,455) (374,109) - -
350 2018 Fire Station #9 Bond Debt Service - 344,656 344,656 1 1 1 - -
672 Century Center Energy Conservation Debt Svc 32,956 315,650 388,754 119,118 46,015 78,970 - -
752 South Bend Redevelopment Authority 447,521 9,821,241 13,559,191 4,719,688 981,738 1,429,259 1,429,259 -
755 South Bend Building Corporation 231,285 1,447,517 1,428,605 18,099 37,010 268,295 268,295 -
756 2015 Smart Streets Bond Debt Service 1,751,219 1,713,577 1,712,494 6,198 7,281 1,758,501 1,758,501 -
757 2015 Parks Bond Debt Service 558,162 316,014 381,031 36,133 (28,884) 529,278 529,278 -
760 2017 Eddy Street Commons Bond Debt Service 3,668,987 1,955,282 1,955,125 188 345 3,669,331 2,500,000 1,169,331
Total Debt Service Funds 6,843,475 16,551,216 20,951,071 4,915,907 516,051 7,359,527 6,485,333 1,169,331
Capital Funds
287 Fire Department Capital 1,568,458 2,251,124 4,696,727 1,300,292 (1,145,312) 423,147 - -
401 Coveleski Stadium Capital 2,799 673 - 20,623 21,296 24,096 - -
406 Cumulative Capital Development 199,512 424,895 416,667 164,774 173,002 372,514 - -
407 Cumulative Capital Improvement 279,499 90,541 62,500 103,147 131,188 410,687 - -
412 Major Moves Construction 1,602,252 152,315 358,197 (676,627) (882,508) 719,744 - -
413 Professional Sports Convention Development Area 252,675 4,602,130 157,923 1,311,688 5,755,895 6,008,570 - -
416 Morris Performing Arts Center Capital 160,804 123,594 6,692,658 6,206,931 (362,133) (201,329) - -
450 Palais Royale Historic Preservation 128,105 21,827 - 21,798 43,625 171,730 - -
451 2018 Fire Station #9 Bond Capital 329,571 12,724 - 13,352 26,077 355,647 - -
453 Zoo Bond Capital 0 - - (0) (0) - - -
455 2021 Infrastructure Bond Capital 922,516 20,345 399,500 (248,925) (628,080) 294,437 - -
471 2017 Parks Bond Capital 1,370,920 26,436 14,004 (793,060) (780,628) 590,292 - -
750 Equipment/Vehicle Leasing - - - - - - - -
759 2017 Eddy Street Commons Bond Capital 25,766 1 - 1 2 25,768 - -
Total Capital Funds 6,842,877 7,726,605 12,798,175 7,423,996 2,352,426 9,195,303 - -
City of South Bend
Report of Changes in Cash Balance
January 1, 2025 through October 31, 2025
Beginning 2025 2025 Plus/(Minus) Ending Variance
Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below)
1/1/2025 Revenue Expenditures Adjustments (Deficit) 10/31/2025 Requirement Reserve Req.
Enterprise Funds
600 Consolidated Building 2,087,954 3,085,321 2,516,609 1,159,671 1,728,383 3,816,337 1,083,172 2,733,166
601 Parking Garages 553,932 1,050,170 1,482,305 (172,270) (604,404) (50,472) 425,823 (476,295)
602 Morris Performing Arts Center Operations 646,796 1,811,415 1,393,517 (540,669) (122,772) 524,024 190,460 333,564
610 Solid Waste Operations 766,957 7,263,575 5,878,601 429,772 1,814,746 2,581,703 866,223 1,715,479
611 Solid Waste Capital 2,734,871 53,095 1,661,808 (691,687) (2,300,400) 434,470 - -
620 Water Works Operations 7,853,450 19,418,762 15,946,219 4,925,686 8,398,229 16,251,679 1,267,591 14,984,088
622 Water Works Capital 6,652,330 8,288,368 6,699,340 9,173,906 10,762,933 17,415,264 - -
624 Water Works Customer Deposit 1,349,630 51,948 - 55,437 107,385 1,457,014 1,457,014 -
625 Water Works Sinking (Debt Service)3,665,884 115,940 522,875 (2,149,084) (2,556,019) 1,109,865 - -
626 Water Works Bond Reserve 1,478,046 189,216 - 135,149 324,364 1,802,411 1,802,411 -
629 Water Works Operations & Maintenance Reserve 3,040,120 117,373 - 123,169 240,543 3,280,662 3,913,620 (632,957)
640 Sewer Repair Insurance 1,804,260 646,899 936,163 (219,137) (508,401) 1,295,859 356,314 939,545
641 Sewage Works Operations 19,586,870 39,747,733 26,488,481 14,777,672 28,036,924 47,623,794 2,795,592 44,828,202
642 Sewage Works Capital 12,732,727 726,188 8,413,419 (2,670,422) (10,357,653) 2,375,074 - -
643 Sewage Works Operations & Maintenance Reserve 5,763,455 222,516 - 233,504 456,021 6,219,476 6,182,196 37,280
649 Sewage Sinking (Debt Service)6,033,296 595,550 616,895 (6,020,408) (6,041,754) (8,458) - -
653 Sewage Debt Service Reserve 3,893,415 477,833 - 640,853 1,118,687 5,012,102 5,012,102 -
654 Sewage Works Customer Deposit 1,360,670 58,789 - 298,322 357,111 1,717,781 1,717,781 -
667 Storm Sewer 2,163,420 1,207,941 437,078 (494,104) 276,760 2,440,180 - -
670 Century Center Operations 838,464 3,501,580 3,770,745 341,527 72,362 910,826 1,136,643 (225,817)
671 Century Center Capital 1,102,115 553,285 50,627 (48,923) 453,736 1,555,851 800,000 755,851
Total Enterprise Funds 86,108,661 89,183,497 76,814,682 19,287,965 31,656,780 117,765,441 29,006,940 117,765,441
Internal Service Funds
222 Central Services (680,622) 8,792,822 8,765,168 865,591 893,245 212,623 - -
226 Liability Insurance 6,488,526 3,358,268 2,767,456 947,769 1,538,581 8,027,107 2,061,137 5,965,970
278 Police Take Home Vehicle 833,591 98,889 - 107,505 206,394 1,039,986 750,000 289,986
279 IT / Innovation / 311 Call Center 5,506,547 12,793,178 12,661,046 1,055,838 1,187,969 6,694,516 - -
711 Self-Funded Employee Benefits 9,628,440 15,911,483 18,342,432 346,496 (2,084,454) 7,543,986 5,378,159 2,165,826
713 Unemployment Compensation 45,824 14,839 81,513 (45,432) (112,106) (66,282) 20,625 (86,907)
714 Parental Leave 626,913 296,657 111,641 251,284 436,300 1,063,213 12,000 1,051,213
Total Internal Service Funds 22,449,219 41,266,136 42,729,257 3,529,051 2,065,930 24,515,149 8,221,922 9,386,088
Fiduciary Funds
701 Fire Pension 392,781 3,936,903 3,580,337 (50,396) 306,170 698,951 452,630 246,322
702 Police Pension 506,772 6,076,272 5,114,394 31,192 993,070 1,499,843 601,145 898,698
718 State Tax Withholding Fund 322,127 - - 2,289,921 2,289,921 2,612,048 2,612,048 -
725 Morris / Palais Box Office (711,758) - - 1,755,968 1,755,968 1,044,210 1,044,210 -
726 Police Distributions Payable 983,966 - - (259,914) (259,914) 724,051 724,051 -
Total Fiduciary Funds 1,493,888 10,013,175 8,694,731 3,766,772 5,085,216 6,579,104 5,434,084 1,145,020
Total City Controlled Funds 307,609,463 313,313,893 350,966,445 29,519,626 (8,132,925) 299,476,538 156,226,542 136,656,124
Redevelopment Commission Controlled Funds
Tax Increment Financing Funds
324 TIF - River West Development Area 34,088,454 20,374,615 18,795,216 (4,582,387) (3,002,988) 31,085,467 - -
422 TIF - West Washington 1,883,190 282,996 101,925 (536,586) (355,516) 1,527,674 - -
429 TIF - River East Development Area (NE Dev)14,630,846 5,667,291 5,863,815 6,217,785 6,021,261 20,652,107 - -
430 TIF - Southside Development Area #1 12,834,453 2,178,029 2,384,336 (4,222,795) (4,429,102) 8,405,351 - -
435 TIF - Douglas Road 604,408 182,344 348,434 376,129 210,039 814,448 - -
436 TIF - River East Residential Area (NE Res)9,025,377 4,645,514 4,932,654 1,106,250 819,110 9,844,487 - -
Total Tax Increment Financing Funds 73,066,730 33,330,788 32,426,380 (1,641,604) (737,196) 72,329,534 - -
Redevelopment Funds
433 Redevelopment General 3,248,346 2,705,783 1,968,262 193,925 931,447 4,179,793 819,959 3,359,834
439 Certified Technology Park 11,621 449 - 471 919 12,540 - -
452 2018 TIF Park Bond Capital 2,368,202 4,503 76,676 (2,195,456) (2,267,629) 100,573 - -
454 Airport Urban Enterprise Zone 427,896 16,520 - 17,336 33,856 461,753 - -
456 2023 South Bend Redevelopment Authority 28,540,322 576,362 4,245,433 (5,126,975) (8,796,046) 19,744,276 - -
457 2024 South Bend Redevelopment Authority - 358,785 2,351,113 17,423,397 15,431,069 15,431,069 - -
458 458 2024 RDA Bond Proceeds (Four Winds)- 814,460 22,116,026 46,231,577 24,930,011 24,930,011 - -
Total Redevelopment Funds 34,596,387 4,476,863 30,757,510 56,544,275 30,263,628 64,860,015 819,959 3,359,834
Debt Service Funds
315 Airport 2003 Debt Reserve 1,080,323 8,405 - (996,693) (988,288) 92,035 92,035 -
328 SBCDA 2003 Debt Reserve 1,806,136 14,052 - (1,666,320) (1,652,268) 153,868 153,868 -
351 2018 TIF Park Bond Debt Service 1,079,924 41,694 - 43,753 85,447 1,165,371 1,165,371 -
352 2019 South Shore Double Tracking Debt Service 20,074 1,035,504 1,030,125 5,378 10,757 30,831 30,831 -
353 2020 TIF Library Bond Debt Service Reserve 326,952 14 - 16 30 326,982 326,982 -
Total Debt Service Funds 4,313,409 1,099,668 1,030,125 (2,613,866) (2,544,322) 1,769,087 1,769,087 -
Total Redevelopment Commission Funds 111,976,526 38,907,319 64,214,016 52,288,806 26,982,109 138,958,635 2,589,046 3,359,834
Grand Total 419,585,989 352,221,213 415,180,460 81,808,432 18,849,184 438,435,173 158,815,588 140,015,958
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 67,316,125 10,940,273 56,375,852 69,801,297 (13,425,445) 40% Property tax distribution received in June & Dec 50% of Annual expenditures
201 Parks & Recreation 3,738,959 3,644,510 94,449 9,328,693 (9,234,244) 0% Property tax distribution received in June & Dec 25% of Annual expenditures
202 Motor Vehicle Highway 2,571,807 3,666,847 (1,095,040) 5,277,456 (6,372,496) -5%Under reserve requirement. Gas and wheel tax
distributions received monthly.25% of Annual expenditures
220 Law Enforcement Continuing Education 138,747 46,494 92,254 301,292 (209,038) 8%Under reserve requirement. Expenditure to be covered
by 2025 JAG Grant to satisfy cash reserve.25% of Annual expenditures
601 Parking Garages (50,472) 4,565 (55,037) 425,823 (480,860) -3%Under reserve requirement. Large amount of
encumbrance to cover parking costs 25% of Annual expenditures
629 Water Works Operations & Maintenance Reserve 3,280,662 - 3,280,662 3,913,620 (632,957) 14%Subsidy transfer required 16.67% of annual operating expenses in Fund
620, net of transfers
670 Century Center Operations 910,826 19,008 891,818 1,136,643 (244,825) 20% Operations continue to rebound from shutdown 25% of Annual expenditures
713 Unemployment Compensation (66,282) - (66,282) 20,625 (86,907) -80%Slightly under reserve requirement. Allocation % will
be adjusted to meet anticipated claims.25% of Annual expenditures
Under Reserve Requirement Total 10,524,247$ 7,381,423$ 3,142,824$ 20,404,151$ (17,261,327)$
Meets or Exceeds Requirement
102 Rainy Day 12,275,442 - 12,275,442 3,307,398 8,968,044 4%3% of total expenditures in previous fiscal year
for Civil City Funds, less interfund transfers out
711 Self-Funded Employee Benefits 7,543,986 1,287,431 6,256,554 5,378,159 878,395 29%25% of Annual expenditures
216 Police State Seizures 374,992 - 374,992 5,500 369,492 1705%25% of Annual expenditures
226 Liability Insurance 8,027,107 294,868 7,732,239 2,061,137 5,671,102 188%50% of Annual expenditures
278 Police Take Home Vehicle 1,039,986 - 1,039,986 750,000 289,986 2080%Set dollar amount of $750,000
289 Haz-Mat 65,050 - 65,050 2,500 62,550 650%25% of Annual expenditures
291 Indiana River Rescue 625,648 44,291 581,357 23,675 557,682 614%25% of Annual expenditures
299 Police Federal Drug Enforcement 302,545 - 302,545 12,500 290,045 605%25% of Annual expenditures
315 Airport 2003 Debt Reserve 92,035 - 92,035 92,035 - 100%100% debt service reserve per bond covenants
328 SBCDA 2003 Debt Reserve 153,868 - 153,868 153,868 - 100%100% debt service reserve per bond covenants
351 2018 TIF Park Bond Debt Service 1,165,371 - 1,165,371 1,165,371 - 100% 100% debt service reserve per bond covenants
353 2020 TIF Library Bond Debt Service Reserve 326,982 - 326,982 326,982 - 100%100% debt service reserve per bond covenants
408 Local Income Tax - Economic Development 25,672,606 5,325,686 20,346,920 18,500,532 1,846,388 55%50% of Annual expenditures
433 Redevelopment General 4,179,793 406,293 3,773,500 819,959 2,953,542 115%25% of Annual expenditures
600 Consolidated Building 3,816,337 25,194 3,791,144 1,083,172 2,707,972 88%25% of Annual expenditures
602 Morris Performing Arts Center Operations 524,024 110,098 413,927 190,460 223,467 22%10% of Annual expenditures
610 Solid Waste Operations 2,581,703 164,845 2,416,858 866,223 1,550,634 28%10% of Annual expenditures
620 Water Works Operations 16,251,679 1,476,903 14,774,776 1,267,591 13,507,185 58%5% of Annual expenditures
624 Water Works Customer Deposit 1,457,014 - 1,457,014 1,457,014 - 100%100% cash reserves for customer deposits
626 Water Works Bond Reserve 1,802,411 - 1,802,411 1,802,411 - 100% 100% cash reserves per bond covenants
640 Sewer Repair Insurance 1,295,859 109,804 1,186,056 356,314 829,742 83%25% of Annual expenditures
641 Sewage Works Operations 47,623,794 1,574,207 46,049,587 2,795,592 43,253,996 82%5% of Annual expenditures
643 Sewage Works Operations & Maintenance Reserve 6,219,476 - 6,219,476 6,182,196 37,280 17%16.67% of annual operating expenses in Fund
641, net of transfers
653 Sewage Debt Service Reserve 5,012,102 - 5,012,102 5,012,102 - 100% 100% cash reserves per bond covenants
October 31, 2025
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
October 31, 2025
654 Sewage Works Customer Deposit 1,717,781 - 1,717,781 1,717,781 - 100%100% cash reserves for customer deposits
655 Project ReLeaf 651,727 - 651,727 117,422 534,305 139%25% of Annual expenditures
671 Century Center Capital 1,555,851 17,021 1,538,830 800,000 738,830 254%$800,000 Minimum per Board of Managers
701 Fire Pension 698,951 3,500 695,451 452,630 242,822 15% Pension payments are received in June & September 10% of Annual expenditures
702 Police Pension 1,499,843 3,500 1,496,343 601,145 895,198 25% Pension payments are received in June & September 10% of Annual expenditures
714 Parental Leave 1,063,213 - 1,063,213 12,000 1,051,213 709%8% of Annual expenditures - one month
reserve
718 State Tax Withholding Fund 2,612,048 - 2,612,048 2,612,048 - 100% 100% cash reserves - trust & agency funds
725 Morris / Palais Box Office 1,044,210 - 1,044,210 1,044,210 - 100% 100% cash reserves - trust & agency funds
726 Police Distributions Payable 724,051 - 724,051 724,051 - 100% 100% cash reserves - trust & agency funds
730 City Cemetery 34,000 - 34,000 - 34,000 100% 25% of Annual expenditures
731 Bowman Cemetery 534,860 - 534,860 400,000 134,860 100% $400,000 minimum
752 South Bend Redevelopment Authority 1,429,259 - 1,429,259 1,429,259 - 100% 100% cash reserves per bond covenants
755 South Bend Building Corporation 268,295 - 268,295 268,295 - 100% 100% cash reserves per bond covenants
756 2015 Smart Streets Bond Debt Service 1,758,501 - 1,758,501 1,758,501 - 100% 100% cash reserves per bond covenants
757 2015 Parks Bond Debt Service 529,278 - 529,278 529,278 - 100% 100% cash reserves per bond covenants
760 2017 Eddy Street Commons Bond Debt Service 3,669,331 - 3,669,331 2,500,000 1,169,331 188% $2,500,000 minimum
Meets or Exceeds Requirement Total 256,585,625$ 36,546,758$ 220,038,867$ 179,188,908$ 40,849,962$
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
October 31, 2025
No Reserve Requirement
209 Studebaker-Oliver Revitalizing Grants 593,267 125,976 467,291 - 467,291 100%No reserve requirement - Grant fund - spend
down to zero
210 Economic Development State Grants (66,903) - (66,903) - (66,903) 100% Reimbursed by grant receipts
No reserve requirement - Grant fund - spend
down to zero
211 Dept of Community Investment Operating 50,922 325,392 (274,470) - (274,470) 100%Reimbursed through interfund transfers from Fund
408 No reserve requirement
212 Dept of Community Investment Grants 215,257 2,526,928 (2,311,671) - (2,311,671) 100% Reimbursed by grant receipts
No reserve requirement - Grant fund - spend
down to zero
217 Gift, Donation, Bequest 2,205,962 401,092 1,804,871 - 1,804,871 100% No reserve requirement
219 Unsafe Building 1,083,686 3,164 1,080,522 - 1,080,522 100% No reserve requirement
221 Rental Units Regulation 586,694 87,959 498,735 - 498,735 100%Reimbursed through interfund transfers from Fund
408 No reserve requirement
222 Central Services 212,623 102,875 109,748 - 109,748 100%No reserve requirement
227 Loss Recovery 3,581,594 156,000 3,425,594 - 3,425,594 100% No reserve requirement
230 Code Enforcement 3,118 376,653 (373,535) - (373,535) 100%Reimbursed through interfund transfers from Fund
408 No reserve requirement
249 Local Income Tax - Public Safety 5,332,087 - 5,332,087 - 5,332,087 100% No reserve requirement
251 Local Road & Street 1,395,752 1,091,011 304,741 - 304,741 100% 25% of annual expenditures
257 LOIT Special Distribution 32,535 - 32,535 - 32,535 100%No reserve requirement - one-time distribution -
spend down to zero
258 Human Rights Federal Grants 164,520 5,600 158,920 - 158,920 100%No reserve requirement - Grant fund - spend
down to zero
263 American Rescue Plan 993,341 1,153 992,188 - 992,188 100%No reserve requirement - Grant fund - spend
down to zero
265 Local Road & Bridge Grant 652,914 652,448 466 - 466 100%Reimbursed through interfund transfer to cover
matching portion
No reserve requirement - Grant fund - spend
down to zero
266 MVH Restricted 1,046,451 599,936 446,515 - 446,515 100%No reserve requirement
279 IT / Innovation / 311 Call Center 6,694,516 1,703,660 4,990,857 - 4,990,857 100% Reimbursed through interfund allocation No reserve requirement
287 Fire Department Capital 423,147 2,477,226 (2,054,080) - (2,054,080) 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 (374,109) - (374,109) - (374,109) 100% Property tax distribution received in June & Dec No reserve requirement
324 TIF - River West Development Area 31,085,467 9,897,295 21,188,172 - 21,188,172 100% Property tax distribution received in June & Dec No reserve requirement
350 2018 Fire Station #9 Bond Debt Service 1 - 1 - 1 100%Receives transfers from Fund 287 for debt services
pmts No reserve requirement
352 2019 South Shore Double Tracking Debt Service 30,831 - 30,831 30,831 - 100%No reserve requirement
401 Coveleski Stadium Capital 24,096 - 24,096 - 24,096 100%Revenue based on stadium attendence is received in
the fall
No reserve requirement - Capital fund - spend
down to zero
404 Local Income Tax - Certified Shares (247,915) - (247,915) - (247,915) 100%No reserve requirement - Capital fund - spend
down to zero
406 Cumulative Capital Development 372,514 - 372,514 - 372,514 100% Property tax distribution received in June & Dec
No reserve requirement - Capital fund - spend
down to zero
407 Cumulative Capital Improvement 410,687 - 410,687 - 410,687 100%No reserve requirement - Capital fund - spend
down to zero
410 Urban Development Action Grant 74,583 - 74,583 - 74,583 100%No reserve requirement - Grant fund - spend
down to zero
412 Major Moves Construction 719,744 289,316 430,428 - 430,428 100%No reserve requirement - Capital fund - spend
down to zero
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
October 31, 2025
413 Professional Sports Convention Development Area 6,008,570 25,723 5,982,847 - 5,982,847 100%No reserve requirement - Capital fund - spend
down to zero
416 Morris Performing Arts Center Capital (201,329) - (201,329) - (201,329) 100% No reserve requirement
422 TIF - West Washington 1,527,674 755,100 772,574 - 772,574 100% Property tax distribution received in June & Dec No reserve requirement
429 TIF - River East Development Area (NE Dev) 20,652,107 4,331,190 16,320,916 - 16,320,916 100% Property tax distribution received in June & Dec No reserve requirement
430 TIF - Southside Development Area #1 8,405,351 1,146,555 7,258,796 - 7,258,796 100% Property tax distribution received in June & Dec No reserve requirement
435 TIF - Douglas Road 814,448 - 814,448 - 814,448 100% Property tax distribution received in June & Dec No reserve requirement
436 TIF - River East Residential Area (NE Res) 9,844,487 104,681 9,739,806 - 9,739,806 100% Property tax distribution received in June & Dec No reserve requirement
439 Certified Technology Park 12,540 - 12,540 - 12,540 100% No reserve requirement
450 Palais Royale Historic Preservation 171,730 - 171,730 - 171,730 100% No reserve requirement
451 2018 Fire Station #9 Bond Capital 355,647 - 355,647 - 355,647 100%No reserve requirement - Bond capital fund -
spend down to zero
452 2018 TIF Park Bond Capital 100,573 - 100,573 - 100,573 100%No reserve requirement - Bond capital fund -
spend down to zero
454 Airport Urban Enterprise Zone 461,753 - 461,753 - 461,753 100% No reserve requirement
455 2021 Infrastructure Bond Capital 294,437 - 294,437 - 294,437 100%No reserve requirement - Bond capital fund -
spend down to zero
456 2023 South Bend Redevelopment Authority 19,744,276 2,237,849 17,506,428 - 17,506,428 100%No reserve requirement - Bond capital fund -
spend down to zero
457 2024 South Bend Redevelopment Authority 15,431,069 243,194 15,187,875 - 15,187,875 100%No reserve requirement - Bond capital fund -
spend down to zero
458 458 2024 RDA Bond Proceeds (Four Winds) 24,930,011 21,188,596 3,741,415 - 3,741,415 100%No reserve requirement - Bond capital fund -
spend down to zero
471 2017 Parks Bond Capital 590,292 16,345 573,947 - 573,947 100%No reserve requirement - Bond capital fund -
spend down to zero
611 Solid Waste Capital 434,470 1,615,932 (1,181,462) - (1,181,462) 100% Receives transfers from Fund 610 as needed
No reserve requirement - Capital fund - spend
down to zero
622 Water Works Capital 17,415,264 8,733,143 8,682,121 - 8,682,121 100% Receives transfers from Fund 620 as needed
No reserve requirement - Capital fund - spend
down to zero
625 Water Works Sinking (Debt Service) 1,109,865 - 1,109,865 - 1,109,865 100% Receives transfers from Fund 620 as needed No reserve requirement
642 Sewage Works Capital 2,375,074 11,554,198 (9,179,124) - (9,179,124) 100% Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend
down to zero
649 Sewage Sinking (Debt Service)(8,458) - (8,458) - (8,458) 100% Receives transfers from Fund 641 as needed No reserve requirement
667 Storm Sewer 2,440,180 445,120 1,995,060 - 1,995,060 100%No reserve requirement - Capital fund - spend
down to zero
672 Century Center Energy Conservation Debt Svc 78,970 - 78,970 - 78,970 100% No reserve requirement
709 Payroll Clearing (2,403,386) - (2,403,386) - (2,403,386) 0%Clearing accounts temporarily hold transactions until
they are recorded in the respective account No reserve requirement - clearing fund
754 Industrial Revolving Fund 4,444,153 38,237 4,405,917 - 4,405,917 100%No City reserve requirement; there are program
requirements
759 2017 Eddy Street Commons Bond Capital 25,768 - 25,768 - 25,768 100%No reserve requirement - Bond capital fund -
spend down to zero
No Reserve Requirement Total 192,373,795$ 73,259,546$ 119,114,249$ 30,831$ 119,083,418$
Total Funds 459,483,667$ 117,187,727$ 342,295,939$ 199,623,890$ 142,672,053$
City of South Bend
Monthly Fund Financials
Revenue Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Budget
Balance
Percent of
Budget
City Controlled Funds
101 General Fund 101,373,939 5,439,581 73,482,989 111,171,535 27,890,950 72%
Special Revenue Funds
102 Rainy Day 227,508 80,981 439,183 321,428 (211,675) 193%
201 Parks & Recreation 22,905,515 230,855 17,902,528 22,800,098 5,002,988 78%
202 Motor Vehicle Highway 18,129,405 760,397 11,167,395 11,049,955 6,962,010 62%
209 Studebaker-Oliver Revitalizing Grants 10,783 4,197 23,476 18,615 (12,693) 218%
210 Economic Development State Grants - - - 85,650 - 0%
211 Dept of Community Investment Operating 4,793,174 319,481 3,198,189 4,391,340 1,594,985 67%
212 Dept of Community Investment Grants 3,138,019 798,855 3,087,161 5,574,346 50,858 98%
216 Police State Seizures 9,830 10,286 68,520 57,408 (58,690) 697%
217 Gift, Donation, Bequest 120,747 18,017 166,569 3,652,115 (45,822) 138%
218 Police Curfew Violations - - - - - 0%
219 Unsafe Building 110,845 9,900 97,832 93,390 13,013 88%
220 Law Enforcement Continuing Education 529,170 24,626 280,475 994,541 248,696 53%
221 Rental Units Regulation 259,380 37,367 182,594 156,129 76,786 70%
227 Loss Recovery 41,355 289,344 457,726 1,120,256 (416,371) 1107%
230 Code Enforcement 7,409,100 306,267 4,745,052 3,919,673 2,664,048 64%
249 Local Income Tax - Public Safety 12,579,200 953,101 10,604,864 12,868,916 1,974,336 84%
251 Local Road & Street 2,043,021 202,129 1,825,032 2,320,509 217,990 89%
257 LOIT Special Distribution - 215 1,336 3,388 (1,336) 0%
258 Human Rights Federal Grants 164,900 1,204 109,470 35,770 55,430 66%
263 American Rescue Plan - 6,560 35,833 180,695 (35,833) 0%
264 COVID-19 Response 5,000 - 4,166 368,404 834 83%
265 Local Road & Bridge Grant 3,004,106 4,723 1,297,595 1,050,707 1,706,512 43%
266 MVH Restricted 3,178,126 202,549 2,679,751 3,314,097 498,374 84%
273 Morris PAC / Palais Royale Marketing - - - - - 0%
274 Morris PAC Self-Promotion - - - - - 0%
280 Police Block Grants - - - - - 0%
289 Haz-Mat 5,494 416 10,874 3,285 (5,380) 198%
291 Indiana River Rescue 99,152 9,498 101,603 161,390 (2,450) 102%
294 Regional Police Academy - - - - - 0%
295 COPS MORE Grant - - - 64 - 0%
299 Police Federal Drug Enforcement 84,926 207 40,475 158,312 44,451 48%
404 Local Income Tax - Certified Shares - - 11,707 (11,647) (11,707) 0%
408 Local Income Tax - Economic Development 17,952,276 1,468,922 15,764,990 18,464,856 2,187,286 88%
410 Urban Development Action Grant 7,950 492 2,668 8,846 5,282 34%
655 Project ReLeaf 465,528 42,436 401,738 473,768 63,790 86%
705 Police K-9 Unit - - - - - 0%
730 City Cemetery 630 224 1,216 890 (586) 193%
731 Bowman Cemetery 9,913 3,528 19,136 14,005 (9,223) 193%
754 Industrial Revolving Fund 1,069,554 (151,502) 361,123 1,136,154 708,431 34%
Debt Service Fund
312 2017 Parks Bond Debt Service 1,201,490 - 637,277 1,135,939 564,213 53%
350 2018 Fire Station #9 Bond Debt Service 344,656 - 344,656 342,856 - 100%
672 Century Center Energy Conservation Debt Svc 385,710 2,377 315,650 263,591 70,060 82%
752 South Bend Redevelopment Authority 6,220,790 84,994 9,821,241 (29,257,277) (3,600,451) 158%
755 South Bend Building Corporation 1,428,605 463 1,447,517 2,221,495 (18,912) 101%
756 2015 Smart Streets Bond Debt Service 1,747,006 7 1,713,577 1,714,091 33,428 98%
757 2015 Parks Bond Debt Service 392,195 31,486 316,014 343,596 76,180 81%
760 2017 Eddy Street Commons Bond Debt Service 2,030,702 15 1,955,282 1,930,062 75,420 96%
Total Debt Service Funds 13,751,154 119,342 16,551,216 (21,305,646) (2,800,062) 120%
City of South Bend
Monthly Fund Financials
Revenue Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Budget
Balance
Percent of
Budget
Capital Funds
287 Fire Department Capital 5,610,614 4,288 2,251,124 3,491,232 3,359,490 40%
401 Coveleski Stadium Capital 31,611 159 673 31,722 30,938 2%
406 Cumulative Capital Development 753,899 3,007 424,895 629,199 329,004 56%
407 Cumulative Capital Improvement 173,274 2,792 90,541 195,468 82,733 52%
412 Major Moves Construction 124,355 5,108 152,315 785,039 (27,960) 122%
413 Professional Sports Convention Development Area 2,800,000 1,044,815 4,602,130 2,070,419 (1,802,130) 164%
416 Morris Performing Arts Center Capital - - 123,594 379,179 (123,594) 0%
450 Palais Royale Historic Preservation 18,512 2,943 21,827 19,044 (3,314) 118%
451 2018 Fire Station #9 Bond Capital - 2,346 12,724 9,313 (12,724) 0%
453 Zoo Bond Capital - - - 122 - 0%
455 2021 Infrastructure Bond Capital - 1,942 20,345 48,402 (20,345) 0%
457 2024 South Bend Redevelopment Authority - 32,901 358,785 - (358,785) 0%
458 458 2024 RDA Bond Proceeds (Four Winds) - 55,062 814,460 - (814,460) 0%
471 2017 Parks Bond Capital 134 3,979 26,436 43,384 (26,302) 19795%
750 Equipment/Vehicle Leasing - - - - - 0%
759 2017 Eddy Street Commons Bond Capital 515 0 1 1 514 0%
Total Capital Funds 9,512,913 1,159,344 8,899,850 7,702,523 613,065 94%
Enterprise Funds
600 Consolidated Building 2,353,882 260,286 3,085,321 2,175,568 (731,439) 131%
601 Parking Garages 1,017,704 124,090 1,050,170 935,075 (32,466) 103%
602 Morris Performing Arts Center Operations 1,930,515 75,840 1,811,415 1,164,076 119,100 94%
610 Solid Waste Operations 8,312,508 782,681 7,263,575 8,184,729 1,048,934 87%
611 Solid Waste Capital 1,338,315 4,257 53,095 2,129,987 1,285,219 4%
620 Water Works Operations 23,503,077 2,073,422 19,418,762 22,350,147 4,084,315 83%
622 Water Works Capital 8,491,820 1,227,747 8,288,368 124,091 203,453 98%
624 Water Works Customer Deposit - 9,587 51,948 38,236 (51,948) 0%
625 Water Works Sinking (Debt Service) 1,474,793 14,877 115,940 2,804,408 1,358,853 8%
626 Water Works Bond Reserve - 32,384 189,216 42,407 (189,216) 0%
629 Water Works Operations & Maintenance Reserve - 21,643 117,373 85,903 (117,373) 0%
640 Sewer Repair Insurance 682,794 68,900 646,899 764,134 35,895 95%
641 Sewage Works Operations 44,301,739 4,141,966 39,747,733 43,471,462 4,554,006 90%
642 Sewage Works Capital 10,751,670 26,595 726,188 32,892,704 10,025,482 7%
643 Sewage Works Operations & Maintenance Reserve - 41,030 222,516 162,855 (222,516) 0%
649 Sewage Sinking (Debt Service) 8,413,405 (27,275) 595,550 9,893,560 7,817,855 7%
653 Sewage Debt Service Reserve - 79,702 477,833 110,014 (477,833) 0%
654 Sewage Works Customer Deposit - 11,185 58,789 37,039 (58,789) 0%
667 Storm Sewer 1,147,436 129,822 1,207,941 1,398,803 (60,505) 105%
670 Century Center Operations 3,534,908 131,274 3,501,580 4,462,846 33,328 99%
671 Century Center Capital 519,759 10,264 553,285 528,273 (33,526) 106%
Total Enterprise Funds 117,774,327 9,240,278 89,183,497 133,756,314 28,590,829 76%
Internal Service Funds
222 Central Services 12,192,834 965,785 8,792,822 9,145,812 3,400,011 72%
224 Central Services Capital - - - - - 0%
226 Liability Insurance 3,757,111 356,976 3,358,268 4,248,586 398,843 89%
278 Police Take Home Vehicle 66,472 12,635 98,889 82,259 (32,417) 149%
279 IT / Innovation / 311 Call Center 15,180,658 1,182,436 12,793,178 10,262,996 2,387,480 84%
711 Self-Funded Employee Benefits 19,077,159 1,631,646 15,911,483 18,191,953 3,165,676 83%
713 Unemployment Compensation 86,992 937 14,839 10,467 72,154 17%
714 Parental Leave 311,871 31,148 296,657 298,755 15,215 95%
Total Internal Service Funds 50,673,098 4,181,565 41,266,136 42,240,826 9,406,962 81%
Fiduciary Funds
701 Fire Pension 4,600,000 6,515 3,936,903 4,075,547 663,097 86%
702 Police Pension 6,192,000 9,420 6,076,272 5,998,908 115,728 98%
Total Fiduciary Funds 10,792,000 15,935 10,013,175 10,074,455 778,825 93%
Total City Controlled Funds 402,232,039 25,791,318 314,487,138 378,427,360 87,744,903 78%
City of South Bend
Monthly Fund Financials
Revenue Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Budget
Balance
Percent of
Budget
Redevelopment Commission Controlled Funds
Tax Increment Financing Funds
324 TIF - River West Development Area 22,891,152 277,216 20,374,615 21,214,018 2,516,537 89%
422 TIF - West Washington 717,125 10,115 282,996 535,947 434,129 39%
429 TIF - River East Development Area (NE Dev) 7,962,536 147,390 5,667,291 6,578,037 2,295,245 71%
430 TIF - Southside Development Area #1 3,778,416 55,856 2,178,029 4,089,697 1,600,387 58%
435 TIF - Douglas Road 425,820 5,373 182,344 245,859 243,476 43%
436 TIF - River East Residential Area (NE Res) 8,172,462 64,944 4,645,514 7,385,974 3,526,948 57%
Total Tax Increment Financing Funds 43,947,511 560,893 33,330,788 40,049,531 10,616,722 76%
Redevelopment Funds
433 Redevelopment General 1,994,924 1,720,109 2,705,783 1,654,014 (710,859) 136%
439 Certified Technology Park 230 83 449 328 (219) 195%
452 2018 TIF Park Bond Capital 1,055 663 4,503 67,016 (3,448) 427%
454 Airport Urban Enterprise Zone 8,461 3,046 16,520 12,091 (8,059) 195%
456 2023 South Bend Redevelopment Authority Bonds - 71,860 576,362 40,213,563 (576,362) 0%
Total Redevelopment Funds 2,004,670 1,795,761 3,303,618 41,947,011 (1,298,947) 165%
Debt Service Funds
315 Airport 2003 Debt Reserve 134 607 8,405 30,526 (8,271) 6272%
328 SBCDA 2003 Debt Reserve 224 1,015 14,052 51,035 (13,828) 6273%
351 2018 TIF Park Bond Debt Service 21,362 7,688 41,694 30,515 (20,332) 195%
352 2019 South Shore Double Tracking Debt Service 1,030,838 0 1,035,504 1,035,503 (4,666) 100%
353 2020 TIF Library Bond Debt Service Reserve 6,670 1 14 16 6,656 0%
Total Debt Service Funds 1,059,228 9,312 1,099,668 1,147,595 (40,441) 104%
Total Redevelopment Commission Funds 47,011,409 2,365,966 37,734,074 83,144,138 9,277,335 80%
Grand Total 449,243,449 28,157,284 352,221,213 461,571,497 97,022,238 78%
City of South Bend
Monthly Fund Financials
Expenditure Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Current
Encumbrances
Budget
Balance
Percent of
Budget*
City Controlled Funds
101 General Fund 139,602,593 9,616,292 97,691,586 110,246,594 10,940,273 30,970,734 78%
Special Revenue Funds
102 Rainy Day - - - - - - 0%
201 Parks & Recreation 37,314,770 2,563,180 24,067,820 22,736,190 3,644,510 9,602,441 74%
202 Motor Vehicle Highway 21,109,825 1,672,685 13,040,085 14,964,891 3,666,847 4,402,893 79%
209 Studebaker-Oliver Revitalizing Grants 199,626 42,436 72,033 39,368 125,976 1,616 99%
210 Economic Development State Grants - - - - - - 0%
211 Dept of Community Investment Operating 5,330,572 300,884 3,786,615 4,233,812 325,392 1,218,566 77%
212 Dept of Community Investment Grants 10,771,637 585,608 3,310,047 2,859,882 2,526,928 4,934,662 54%
216 Police State Seizures 22,000 - - - - 22,000 0%
217 Gift, Donation, Bequest 1,809,312 22,413 788,573 5,339,970 401,092 619,647 66%
218 Police Curfew Violations - - - - - - 0%
219 Unsafe Building 25,000 2,601 21,836 24,780 3,164 - 100%
220 Law Enforcement Continuing Education 1,205,168 68,611 1,060,046 904,620 46,494 98,628 92%
221 Rental Units Regulation 144,866 - 2,907 56,593 87,959 54,000 63%
227 Loss Recovery 410,000 - - - 156,000 254,000 38%
230 Code Enforcement 7,979,653 310,379 4,751,428 5,001,223 376,653 2,851,572 64%
249 Local Income Tax - Public Safety 13,878,633 1,067,587 11,743,459 13,856,681 - 2,135,174 85%
251 Local Road & Street 4,304,636 330,875 950,560 3,269,691 1,091,011 2,263,065 47%
257 LOIT Special Distribution 53,339 - 34,535 - - 18,804 65%
258 Human Rights Federal Grants 474,707 17,401 255,776 231,051 5,600 213,332 55%
263 American Rescue Plan 24,553 - 23,274 9,321,898 1,153 126 99%
264 COVID-19 Response - - 4,166 118,138 - (4,166) 0%
265 Local Road & Bridge Grant 3,993,345 1,247,336 2,230,422 1,229,350 652,448 1,110,476 72%
266 MVH Restricted 3,713,424 328,787 2,902,490 2,955,898 599,936 210,997 94%
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 94,700 4,462 47,465 60,963 44,291 2,945 97%
292 Police Grants - - - - - - 0%
294 Regional Police Academy - - - - - - 0%
295 COPS MORE Grant - - - - - - 0%
299 Police Federal Drug Enforcement 50,000 - 32,043 - - 17,957 64%
404 Local Income Tax - Certified Shares 45,564 - 1,046,462 1,297,124 - (1,000,898) 2297%
408 Local Income Tax - Economic Development 37,001,064 1,102,662 20,736,639 16,862,259 5,325,686 10,938,739 70%
410 Urban Development Action Grant - - - - - - 0%
655 Project ReLeaf 469,686 31,256 297,534 397,704 - 172,152 63%
705 Police K-9 Unit - - - - - - 0%
730 City Cemetery - - - - - - 0%
754 Industrial Revolving Fund 548,655 4,037 80,727 82,115 38,237 429,691 22%
Total Special Revenue Funds 150,984,735 9,703,203 91,286,943 105,844,202 19,119,375 40,578,419 73%
Debt Service Fund
312 2017 Parks Bond Debt Service 1,181,215 - 1,181,215 1,177,990 - - 100%
350 2018 Fire Station #9 Bond Debt Service 344,656 - 344,656 341,331 - - 100%
672 Century Center Energy Conservation Debt Svc 388,754 194,591 388,754 393,388 - - 100%
752 South Bend Redevelopment Authority 11,559,870 - 13,559,191 4,686,781 - (1,999,321) 117%
755 South Bend Building Corporation 1,430,605 - 1,428,605 1,424,543 - 2,000 100%
756 2015 Smart Streets Bond Debt Service 1,712,844 - 1,712,494 1,706,394 - 350 100%
757 2015 Parks Bond Debt Service 381,031 - 381,031 368,381 - - 100%
760 2017 Eddy Street Commons Bond Debt Service 1,955,125 - 1,955,125 1,941,375 - - 100%
Total Debt Service Funds 18,954,100 194,591 20,951,071 12,040,183 - (1,996,971) 111%
* Percent of budget spent includes year to date expenditures and outstanding encumbrances
City of South Bend
Monthly Fund Financials
Expenditure Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Current
Encumbrances
Budget
Balance
Percent of
Budget*
Capital Funds
287 Fire Department Capital 8,580,975 25,096 4,696,727 3,623,181 2,477,226 1,407,021 84%
401 Coveleski Stadium Capital 30,000 - - 21,613 - 30,000 0%
406 Cumulative Capital Development 891,096 41,667 416,667 548,541 - 474,430 47%
407 Cumulative Capital Improvement 75,000 6,250 62,500 75,000 - 12,500 83%
412 Major Moves Construction 762,824 17,822 358,197 884,900 289,316 115,311 85%
413 Professional Sports Convention Development Area 218,646 - 157,923 4,167,772 25,723 35,000 84%
416 Morris Performing Arts Center Capital 6,692,686 - 6,692,658 1,493,326 - 28 100%
450 Palais Royale Historic Preservation 10,000 - - - - 10,000 0%
451 2018 Fire Station #9 Bond Capital - - - - - - 0%
453 Zoo Bond Capital - - - 0 - - 0%
455 2021 Infrastructure Bond Capital 446,483 - 399,500 276,767 - 46,983 89%
458 458 2024 RDA Bond Proceeds (Four Winds) 43,538,668 3,927,554 22,116,026 2,027,334 21,188,596 234,045 99%
471 2017 Parks Bond Capital 458,822 - 14,004 375,154 16,345 428,473 7%
750 Equipment/Vehicle Leasing - - - - - - 0%
759 2017 Eddy Street Commons Bond Capital - - - - - - 0%
Total Capital Funds 61,705,200 4,018,389 34,914,201 13,493,588 23,997,207 2,793,791 95%
Enterprise Funds
600 Consolidated Building 4,332,686 40,466 2,516,609 2,838,993 25,194 1,790,883 59%
601 Parking Garages 1,703,292 211,741 1,482,305 1,261,150 4,565 216,423 87%
602 Morris Performing Arts Center Operations 1,904,598 155,076 1,393,517 1,521,576 110,098 400,983 79%
610 Solid Waste Operations 8,662,231 519,944 5,878,601 7,679,398 164,845 2,618,785 70%
611 Solid Waste Capital 3,310,370 - 1,661,808 3,866,961 1,615,932 32,629 99%
620 Water Works Operations 25,351,815 1,251,590 15,946,219 17,801,468 1,476,903 7,928,693 69%
622 Water Works Capital 32,074,374 252,963 6,699,340 2,037,026 8,733,143 16,641,891 48%
624 Water Works Customer Deposit - - - - - - 0%
625 Water Works Sinking (Debt Service) 3,646,688 - 522,875 1,090,143 - 3,123,813 14%
626 Water Works Bond Reserve - - - - - - 0%
629 Water Works Operations & Maintenance Reserve - - - - - - 0%
640 Sewer Repair Insurance 1,425,256 43,130 936,163 994,942 109,804 379,289 73%
641 Sewage Works Operations 55,911,832 1,994,799 26,488,481 31,647,467 1,574,207 27,849,145 50%
642 Sewage Works Capital 33,679,967 1,308,393 8,413,419 4,317,807 11,554,198 13,712,350 59%
643 Sewage Works Operations & Maintenance Reserve - - - - - - 0%
649 Sewage Sinking (Debt Service) 10,584,228 - 616,895 7,623,195 - 9,967,333 6%
653 Sewage Debt Service Reserve - - - - - - 0%
654 Sewage Works Customer Deposit - - - - - - 0%
667 Storm Sewer 2,313,295 6,853 437,078 1,601,475 445,120 1,431,097 38%
670 Century Center Operations 4,546,572 334,538 3,770,745 4,807,849 19,008 756,819 83%
671 Century Center Capital 606,740 - 50,627 223,629 17,021 539,093 11%
Total Enterprise Funds 190,053,943 6,119,493 76,814,682 89,313,080 25,850,036 87,389,226 54%
Internal Service Funds
222 Central Services 12,674,635 915,154 8,765,168 11,050,762 102,875 3,806,591 70%
224 Central Services Capital - - - - - - 0%
226 Liability Insurance 4,122,275 295,155 2,767,456 3,098,324 294,868 1,059,950 74%
278 Police Take Home Vehicle 50,000 - - - - 50,000 0%
279 IT / Innovation / 311 Call Center 18,231,741 985,658 12,661,046 12,501,398 1,703,660 3,867,035 79%
711 Self-Funded Employee Benefits 21,512,637 2,141,117 18,342,432 18,734,663 1,287,431 1,882,774 91%
713 Unemployment Compensation 82,500 4,272 81,513 77,729 - 987 99%
714 Parental Leave 150,000 111,641 111,641 78,021 - 38,359 74%
Total Internal Service Funds 56,823,788 4,452,998 42,729,257 45,540,898 3,388,834 10,705,696 81%
Fiduciary Funds
701 Fire Pension 4,526,297 545,329 3,580,337 3,985,174 3,500 942,460 79%
702 Police Pension 6,011,449 299,175 5,114,394 6,053,170 3,500 893,555 85%
Total Fiduciary Funds 10,537,746 844,504 8,694,731 10,038,345 7,000 1,836,015 83%
Total City Controlled Funds 628,662,104 34,949,469 373,082,471 386,516,888 83,302,725 172,276,910 73%
* Percent of budget spent includes year to date expenditures and outstanding encumbrances
City of South Bend
Monthly Fund Financials
Expenditure Summary
October 31, 2025
Current
Amended
Budget
Current
Month
Actual
Current
Year to Date
Actual
Prior Year
Actual
Current
Encumbrances
Budget
Balance
Percent of
Budget*
Redevelopment Commission Controlled Funds
Tax Increment Financing Funds
324 TIF - River West Development Area 49,900,144 1,932,070 18,795,216 39,245,605 9,897,295 21,207,633 57%
422 TIF - West Washington 1,740,000 - 101,925 1,208,357 755,100 882,975 49%
429 TIF - River East Development Area (NE Dev) 26,966,151 1,665,479 5,863,815 5,176,736 4,331,190 16,771,146 38%
430 TIF - Southside Development Area #1 6,438,118 26,980 2,384,336 8,034,036 1,146,555 2,907,227 55%
435 TIF - Douglas Road 423,175 - 348,434 - - 74,741 82%
436 TIF - River East Residential Area (NE Res) 5,082,296 - 4,932,654 6,992,824 104,681 44,961 99%
Total Tax Increment Financing Funds 90,549,885 3,624,530 32,426,380 60,657,558 16,234,822 41,888,683 54%
Redevelopment Funds
433 Redevelopment General 3,279,835 155,116 1,968,262 1,487,965 406,293 905,280 72%
439 Certified Technology Park - - - - - - 0%
452 2018 TIF Park Bond Capital 76,676 - 76,676 2,238,756 - - 100%
454 Airport Urban Enterprise Zone - - - - - - 0%
456 2023 South Bend Redevelopment Authority 15,296,320 1,097,316 4,245,433 5,520,906 2,237,849 8,813,039 42%
457 2024 South Bend Redevelopment Authority 17,121,840 496,611 2,351,113 71,735 243,194 14,527,533 15%
Total Redevelopment Funds 35,774,671 1,749,043 8,641,484 9,319,361 2,887,335 24,245,852 32%
Debt Service Funds
315 Airport 2003 Debt Reserve - - - 1,040,462 - - 0%
328 SBCDA 2003 Debt Reserve - - - 1,739,495 - - 0%
351 2018 TIF Park Bond Debt Service - - - - - - 0%
352 2019 South Shore Double Tracking Debt Service 1,030,125 - 1,030,125 1,033,625 - - 100%
353 2020 TIF Library Bond Debt Service Reserve - - - - - - 0%
Total Debt Service Funds 1,030,125 - 1,030,125 3,813,582 - - 100%
Total Redevelopment Commission Funds 127,354,680 5,373,573 42,097,989 73,790,501 19,122,156 66,134,534 48%
Grand Total 756,016,784 40,323,042 415,180,460 460,307,390 102,424,881 238,411,444 68%
* 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 - - - - - 38,275,657 - - - - - - 38,275,657 67,959,634 56%
TIF Districts - - - - - 22,895,231 - - - - - - 22,895,231 40,805,075 56%
Sub Total - - - - - 61,170,888 - - - - - - 61,170,888 108,764,709 56%
Local Income Tax
LIT Certified Shares 960,860 960,860 960,860 960,860 2,220,580 960,860 960,860 960,860 960,860 960,860 - - 10,868,318 13,285,318 82%
LIT for Economic Development 1,297,068 1,297,068 1,297,068 1,297,068 2,999,620 1,297,068 1,297,068 1,297,068 1,297,068 1,297,068 - - 14,673,230 17,774,148 83%
LIT for Public Safety 916,723 916,723 916,723 916,723 2,138,241 916,723 916,723 916,723 916,723 916,723 - - 10,388,750 12,400,678 84%
LIT for Redevelopment - - - - - - - - - - - - - - NA
LIT Additional - Supplemental Distrib - - - - - - - - - - - - - - NA
Sub Total 3,174,651 3,174,651 3,174,651 3,174,651 7,358,441 3,174,651 3,174,651 3,174,651 3,174,651 3,174,651 - - 35,930,298 43,460,144 83%
Total Taxes 3,174,651 3,174,651 3,174,651 3,174,651 7,358,441 64,345,539 3,174,651 3,174,651 3,174,651 3,174,651 - - 97,101,187 152,224,853 64%
Intergovernmental Revenue
State Shared Revenue
Auto Excise Tax - - - - - 1,630,563 - - - - - - 1,630,563 4,836,893 34%
Commercial Vehicle Tax - - - - - 474,300 - - - - - - 474,300 1,276,753 37%
Liquor Excise Tax 40,013 - - - - 36,036 - - - - - - 76,049 71,000 107%
Liquor Gallonage Tax 59,944 - - 52,728 - - 61,329 - - 59,730 - - 233,731 246,041 95%
Cigarette Tax - - - - - 193,706 - (96,853) - - - - 96,853 220,530 44%
Gasoline Tax 524,009 541,614 584,575 537,787 589,343 562,037 586,305 326,713 576,860 580,670 - - 5,409,913 6,179,138 88%
Wheel Tax 146,462 - 127,853 347,789 198,044 - - 377,498 380,183 - - - 1,577,830 2,100,000 75%
PSCDA Tax 672,740 615,123 571,336 845,153 - - 18,737 - 706,894 1,009,840 - - 4,439,823 2,800,000 159%
State Pension Subsidy - - - - - 4,993,534 - - 4,992,018 - - - 9,985,552 10,600,000 94%
Sub Total 1,443,168 1,156,736 1,283,765 1,783,458 787,388 7,890,177 666,371 607,358 6,655,954 1,650,240 - - 23,924,614 28,330,355 84%
Local Government Shared Revenue
Hotel Motel Tax 3,145,437 - - - - - - - - - - - 3,145,437 2,660,437 118%
Grants
Federal Grants 515,821 360,689 254,545 430,246 101,806 94,907 1,949,678 296,226 121,751 858,416 - - 4,984,084 5,457,412 91%
State Grants 4,862,184 - 219,678 - 450 357,550 480,574 991,212 64,698 269,440 - - 7,245,785 100,000 7246%
Sub Total 5,378,005 360,689 474,223 430,246 102,256 452,457 2,430,252 1,287,438 186,448 1,127,856 - - 12,229,870 5,557,412 220%
Other Intergovernmental
Staffing Agreements with County - - - - - 30,000 - - - - - - 30,000 30,000 100%
Local Government Grants - - - - - - - - - - - - - - NA
Federal Seized Drug 1,619 - - 2,106 11,011 15,550 8,072 - - - - - 38,358 80,000 48%
State Seized Drug - 4,904 5,330 1,191 - 4,712 4,326 9,004 19,202 7,891 - - 56,560 5,000 1131%
Sub Total 1,619 4,904 5,330 3,297 11,011 50,263 12,398 9,004 19,202 7,891 - - 124,918 115,000 109%
Total Intergovernmental Revenue 9,968,230 1,522,329 1,763,318 2,217,001 900,654 8,392,896 3,109,021 1,903,800 6,861,604 2,785,987 - - 39,424,839 36,663,204 108%
Licenses & Permits
Business
Business Licenses 24,275 28,032 20,882 16,361 7,806 4,812 2,821 2,918 2,422 419 - - 110,748 116,755 95%
Taxi Cab Licensing 76 76 558 525 10 290 131 - 333 696 - - 2,695 2,200 122%
Sub Total 24,351 28,108 21,440 16,886 7,816 5,102 2,952 2,918 2,755 1,115 - - 113,442 118,955 95%
Nonbusiness
Lawn Parking 90 90 45 100 68 135 2,258 6,097 4,079 423 - - 13,385 3,500 382%
Engineering 29,325 3,939 6,050 11,990 9,420 8,180 16,065 8,860 11,686 6,055 - - 111,570 127,257 88%
Right-of-Way Closures 150 50 350 400 450 375 250 350 350 75 - - 2,800 1,500 187%
Park Food Sales Permit 15 206 - 26 139 150 205 - 53 26 - - 820 360 228%
Fire Dept-Building Plan Review 1,726 621 964 1,913 2,520 952 1,187 1,975 1,898 6,350 - - 20,106 26,000 77%
Building Department 202,050 124,098 231,154 745,978 215,897 416,326 186,397 378,197 203,225 235,911 - - 2,939,231 2,285,800 129%
SBARC - Pet Licenses 1,500 1,935 2,030 1,365 2,235 1,400 1,670 2,175 1,940 3,710 - - 19,960 25,000 80%
Sub Total 234,856 130,939 240,593 761,772 230,729 427,518 208,032 397,654 223,231 252,550 - - 3,107,872 2,469,417 126%
Total Licenses & Permits 259,206 159,047 262,033 778,658 238,545 432,620 210,984 400,571 225,986 253,665 - - 3,221,314 2,588,372 124%
Period Ending: October 31, 2025
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: October 31, 2025
Charges for Services
General Government
Plan Commission Charges 100 300 - 250 300 - 450 150 100 - - - 1,650 2,000 83%
Ally Vaca Charges - - - - - - - - - - - - - -
Copies of Public Records - - - - - - - - - - - - - 400 0%
Historic Preserv Certificate of Approval 60 180 160 200 200 260 220 1,140 325 200 - - 2,945 1,720 171%
IT Services - - - - - - - - - - - - - - NA
Sub Total 160 480 160 450 500 260 670 1,290 425 200 - - 4,595 4,120 112%
Public Safety
Accident Report Copies 10,288 6,590 11,110 3,492 7,025 6,276 3,459 10,228 3,973 10,220 - - 72,659 80,500 90%
Traffic Signal Maintenance 5,125 4,164 10,918 20,209 2,892 11,849 12,177 10,706 3,970 6,988 - - 88,998 150,000 59%
EMS Special Event Coverage - 840 - 59,202 - 8,860 - - - 41,471 - - 110,374 160,000 69%
Regional Academy Tuition 7,200 3,150 1,600 - - - - - - - - - 11,950 20,000 60%
River Rescue School Tuition 17,000 22,270 8,500 16,745 5,100 - - 4,500 - 5,400 - - 79,515 90,000 88%
Fire Training Center Tuition - - - - - - 2,500 - - - - - 2,500 50,000 5%
Emergency Medical Service 349,131 434,618 529,142 434,871 366,224 509,959 245,811 338,455 449,463 695,805 - - 4,353,478 5,350,000 81%
Medicaid Reimbursements - - - 689,993 - - - - - - - - 689,993 469,580 147%
EMS for County 189,923 189,923 189,893 189,923 189,923 189,923 189,923 189,923 189,923 - - - 1,709,273 2,108,162 81%
Hazmat Charges - - - 2,487 - 1,881 1,985 - 2,487 - - - 8,840 5,000 177%
Police Special Event Coverage - - - - - - - 2,311 - - - - 2,311 15,000 15%
Crime Lab Services - - 1,975 600 3,050 1,225 - - 1,575 200 - - 8,625 15,000 57%
EMS Late Payment Interest - - - - - - - - - - - - - 15,000 0%
Misc Revenue - 36 18 27 9 18 36 9 9 54 - - 216 500 43%
Sub Total 578,666 661,591 753,155 1,417,549 574,221 729,990 455,891 556,132 651,400 760,138 - - 7,138,733 8,528,742 84%
Culture & Recreation
Morris Performing Arts Center 5,559 48,992 75,949 150,489 129,487 38,687 10,800 183,127 558,053 75,031 - - 1,276,173 1,403,079 91%
Palais Royale Ballroom 26,508 14,138 (1,316) 11,819 12,388 13,572 7,845 13,557 10,172 11,419 - - 120,101 175,972 68%
Parks & Recreation 332,632 111,091 149,330 250,704 410,993 426,299 468,870 401,623 352,719 187,335 - - 3,091,597 3,525,304 88%
Lease of Coveleski Stadium - - - - - - - - - - - - - 31,611 0%
Century Center 214,891 137,135 225,646 152,541 328,187 182,030 90,857 441,033 114,346 116,718 - - 2,003,383 2,097,000 96%
Sub Total 579,589 311,356 449,609 565,553 881,055 660,589 578,371 1,039,339 1,035,290 390,503 - - 6,491,254 7,232,966 90%
Highways & Streets
Sale of Signs/Materials - 2,800 - 2,377 - - - - - - - - 5,177 500 1035%
Special Events - - - - 25 150 25 - - - - - 200 10,000 2%
Sub Total - 2,800 - 2,377 25 150 25 - - - - - 5,377 10,500 51%
Sanitation
Trash Collection/Residential 579,794 591,169 591,283 591,570 592,731 593,919 593,117 595,255 597,665 596,025 - - 5,922,528 6,865,976 86%
Trash Collection/Commercial 12,210 12,380 12,248 12,235 12,259 12,206 12,124 12,163 12,123 12,144 - - 122,093 145,779 84%
Trash Collection/Apt 2 Units 4,745 4,925 4,824 4,848 4,807 4,813 4,783 4,796 4,807 4,845 - - 48,192 60,742 79%
Trash Collection/Apt 3 Units 2,199 2,244 2,244 2,279 2,290 2,285 2,286 2,244 2,250 2,264 - - 22,585 27,941 81%
Trash Collection/Apt 4 Units 3,015 3,064 3,089 3,092 3,110 3,089 3,090 3,076 3,017 3,035 - - 30,679 34,015 90%
Trash Collection/Seniors - - - - - - - (7) - - - - (7) 54,667 0%
Trash Collection/Special Pickup 1,980 2,000 1,500 2,280 1,900 2,140 2,460 2,635 2,780 3,500 - - 23,175 32,629 71%
Trash Collection/Yard Waste Pickup 20 10 - 40 70 10 20 30 10 140 - - 350 770 45%
Misc/Additional Trash Totes (587) (157) (225) (108) (335) (644) (128) (401) (220) (276) - - (3,083) - NA
Misc/Return Trip Customer Error 1,850 1,470 1,790 1,540 1,090 1,660 1,660 1,570 1,210 1,250 - - 15,090 12,095 125%
Misc/Contamination Fee 60 75 20 230 1,225 1,535 1,365 1,975 2,415 1,820 - - 10,720 6,695 160%
Misc/Tote Replacement Fee 350 150 500 800 766 414 1,207 1,016 552 672 - - 6,426 6,905 93%
Misc/Trash Start Fee 2,860 3,060 2,920 3,450 3,951 4,080 4,160 4,690 4,940 3,650 - - 37,761 48,324 78%
Misc/Yard Waste Totes 166 166 (65) 135,525 136,529 137,247 137,847 138,339 138,642 138,663 - - 963,059 960,000 100%
Sub Total 608,663 620,556 620,129 757,781 760,393 762,755 763,991 767,382 770,191 767,732 - - 7,199,571 8,256,538 87%
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: October 31, 2025
Charges for Services
Utilities - Water
Metered Sales/Residential 688,451 690,817 662,098 652,031 691,577 773,912 875,290 876,994 808,073 750,215 - - 7,469,456 9,232,159 81%
Metered Sales/Commercial 204,280 206,911 207,035 199,533 216,678 231,634 241,502 248,834 230,210 226,012 - - 2,212,628 2,930,546 76%
Metered Sales/Industrial 29,090 30,247 31,856 29,987 32,816 33,712 33,505 36,221 32,219 34,297 - - 323,951 560,965 58%
Metered Sales/Multi Family 103,857 96,836 103,384 99,643 104,161 105,410 117,025 119,142 119,051 111,250 - - 1,079,758 1,400,014 77%
Bulk Sales/Olive St - - - - 203 534 - 406 145 348 - - 1,636 8,087 20%
Metered Sales/Institution 10,977 12,374 12,297 11,447 11,699 12,254 12,591 12,933 13,374 12,714 - - 122,660 151,759 81%
Public Fire Protection 229,995 230,005 230,146 229,949 230,489 229,410 231,174 230,312 232,168 231,268 - - 2,304,917 2,949,806 78%
Private Fire Protection 42,677 42,495 42,401 42,387 42,427 42,268 42,365 42,162 42,387 42,276 - - 423,846 554,704 76%
Sales to Public Authorities 32,719 35,403 36,695 31,813 36,773 44,770 51,866 50,844 52,765 47,568 - - 421,216 326,737 129%
Irrigation Sales 2,642 2,628 2,914 7,967 68,876 248,343 346,078 384,485 335,465 264,712 - - 1,664,111 1,565,306 106%
Other Water/Misc Service 18,039 34,437 26,565 20,577 43,659 36,214 36,933 47,941 47,972 40,492 - - 352,830 537,812 66%
Backflow Prevention Insp. 9,000 13,250 15,300 13,425 14,825 19,200 12,000 11,725 14,700 17,450 - - 140,875 183,931 77%
Water Main Extension - - - - - - - - - - - - - - NA
Rents From Water Property - - - - - - - - - - - - - - NA
Revenue From Cut Off Fees - 450 525 375 225 300 - 75 150 75 - - 2,175 5,025 43%
Penalties (Forfeit Disc.) (6,240) 9,686 8,764 9,163 7,429 9,566 9,812 9,508 11,534 10,389 - - 79,612 83,415 95%
Water Leak Insurance 96,429 96,255 96,155 96,175 96,348 96,219 96,395 96,337 96,622 96,457 - - 963,393 1,202,845 80%
System Development Fee 8 1,713 3,420 9,619 5,558 43,819 18,858 3,625 10,046 2,138 - - 98,802 210,000 47%
Sub Total 1,461,925 1,503,507 1,479,556 1,454,090 1,603,743 1,927,565 2,125,393 2,171,545 2,046,882 1,887,661 - - 17,661,867 21,903,111 81%
Utilities - Sewage
Metered Sales/Residential 1,971,203 1,956,623 1,940,534 1,968,637 1,991,307 2,003,293 1,996,346 2,002,262 1,993,471 1,978,796 - - 19,802,472 22,555,939 88%
Metered Sales/Commercial 696,294 791,433 689,305 681,610 691,584 699,856 768,929 756,734 754,905 663,243 - - 7,193,894 8,872,531 81%
Metered Sales/Industrial 463,582 464,655 460,948 479,203 481,243 486,282 493,153 567,523 544,136 550,701 - - 4,991,426 6,076,245 82%
Metered Sales/Multi Family 286,434 284,281 282,300 291,613 292,864 291,636 295,032 298,464 291,165 292,331 - - 2,906,119 3,546,028 82%
Metered Sales/Institution 29,221 31,925 31,997 30,257 30,432 31,479 31,362 32,279 33,941 33,097 - - 315,992 337,060 94%
Sales to Public Authority 110,159 115,243 116,905 108,688 122,492 129,105 142,468 143,889 138,538 138,295 - - 1,265,780 1,265,097 100%
Wholesale Meter/New Carlisle - - - - - - - - - - - - - 287,618 0%
Penalties (Forfeit Disc.) 71,121 61,566 54,584 56,834 52,037 58,448 55,138 38,354 61,887 59,534 - - 569,503 614,567 106%
Dumping Fees 6,875 10,300 13,060 17,602 17,040 17,840 17,051 22,200 22,340 26,989 - - 171,297 25,873 662%
Laboratory Service Fees 1,950 1,800 1,950 3,900 1,950 - 2,910 1,800 1,650 2,100 - - 20,010 1,754 1141%
Discharge Permit Fees 1,500 - - - 1,000 - - 500 - - - - 3,000 6,434 47%
System Development Fee 19 4,141 8,249 228,256 12,366 104,596 44,426 10,191 23,186 4,122 - - 439,551 339,000 130%
Sewage-System Dev Finance Charge - - - - - - - - - - - - - - NA
Sewage-Sewer Extension 33 33 33 33 33 400 - - - - - - 567 - NA
Sewer Repair Insurance 49,422 49,359 49,281 49,257 49,420 49,386 49,405 49,490 49,583 49,538 - - 494,140 585,295 84%
Sewer Repair Deductible 10,117 10,054 9,915 10,079 9,972 9,129 9,794 9,453 9,919 10,892 - - 99,324 80,800 123%
Charges for Svcs-Utilities-Sewage-Misc Revenues 434 - - - - - 1,538 1,904 1,219 297 - - 5,391 - NA
UAP Assistance Fee 90,778 90,698 90,671 90,691 90,933 91,040 91,035 91,320 91,173 91,194 - - 909,534 968,920 94%
UAP Credit (Contra) (60,632) (58,601) (61,608) (65,118) (68,361) (70,061) (71,624) (72,463) (72,717) (73,604) - - (674,789) (968,920) 70%
RINS Credits - - - - - - - - - - - - - - NA
Disconnect Program Fee - - - - - - - - - - - - - - NA
Unmetered Sewer Fee 25,781 25,881 25,174 25,642 25,687 25,483 26,369 25,887 27,482 26,990 - - 260,376 - NA
Sub Total 3,754,290 3,839,391 3,713,298 3,977,185 3,801,999 3,927,912 3,953,332 3,979,787 3,971,879 3,854,512 - - 38,773,585 44,594,241 87%
Utilities - Other
Storm Water Fees 107,201 113,947 113,814 113,502 113,839 113,612 113,760 114,171 114,755 114,541 - - 1,133,142 1,147,200 99%
Clean Air/ReLeaf (Leaf Pickup) 37,985 37,920 37,880 37,872 37,941 37,927 37,921 38,008 38,144 38,088 - - 379,686 456,126 83%
Sub Total 145,186 151,867 151,693 151,374 151,780 151,539 151,681 152,180 152,898 152,630 - - 1,512,828 1,603,326 94%
Organic Resources
Yard Waste Drop-Off 1,553 2,492 10,076 24,247 14,301 16,023 15,770 14,606 11,188 13,230 - - 123,486 117,434 105%
Mulch/Compost Sales 21 290 3,798 10,610 6,470 4,054 2,079 4,722 6,735 5,581 - - 44,360 56,432 79%
Sub Total 1,574 2,782 13,874 34,856 20,771 20,077 17,849 19,329 17,922 18,811 - - 167,846 173,866 97%
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: October 31, 2025
Charges for Services
Animal Resource Center
Pet Impound Reclaim Fee - 235 175 340 125 240 570 570 730 695 - - 3,680 3,000 123%
Pet Adoption Fees 2,080 1,762 589 1,443 1,140 1,270 1,354 1,759 1,986 1,342 - - 14,725 20,000 74%
Pick Up Fees 160 - - - 80 40 40 - 80 40 - - 440 500 88%
Pet Micro Chipping 180 240 260 320 320 460 360 200 420 360 - - 3,120 3,600 87%
Vet Expenses 300 30 255 585 81 406 105 175 275 380 - - 2,592 2,500 104%
Pet Euthanasia 120 120 160 180 280 280 340 240 160 320 - - 2,200 500 440%
Animal Surrenders 880 660 757 780 680 640 560 520 760 480 - - 6,717 8,500 79%
Cremation 765 560 430 820 745 1,185 890 830 700 600 - - 7,525 5,500 137%
Rabies Specimen Prep 30 120 60 60 30 60 - 60 150 90 - - 660 500 132%
Boarding - - - - - - - 45 90 135 - - 270 600 45%
Sub Total 4,515 3,727 2,686 4,528 3,481 4,581 4,219 4,399 5,351 4,442 - - 41,929 45,200 93%
Other
DCI Staff Contracts 2,500 1,250 84,839 28,077 17,896 120,416 455,187 - 108,906 313,704 - - 1,132,776 924,269 123%
Other Misc Charges for Services - - - - - - - - - 280 - - 280 - NA
Parking-Garages 91,996 3,990 2,175 233,647 72,670 98,082 208,319 234,860 (121,361) 107,518 - - 931,895 911,219 102%
Parking-Century Center 17,520 9,255 27,176 7,825 8,490 7,280 5,685 8,000 8,640 7,250 - - 107,121 70,000 153%
Central Services-Internal Customers 707,969 837,071 797,095 921,724 769,732 860,143 784,262 752,721 937,822 917,283 - - 8,285,822 11,585,257 72%
Central Services-External Customers 21,322 26,711 43,791 25,884 25,445 30,533 29,863 24,123 26,045 31,771 - - 285,489 380,000 75%
Employee & Employer Assessments 1,536,221 1,516,456 1,521,695 1,514,926 1,512,525 1,510,974 1,512,797 1,542,193 1,529,269 1,532,415 - - 15,229,472 18,514,500 82%
Sub Total 2,377,528 2,394,734 2,476,772 2,732,085 2,406,758 2,627,427 2,996,113 2,561,897 2,489,320 2,910,221 - - 25,972,855 32,385,245 80%
Total Charges for Services 9,512,095 9,492,792 9,660,932 11,097,828 10,204,727 10,812,846 11,047,535 11,253,280 11,141,558 10,746,849 - - 104,970,441 124,737,856 84%
Fines, Forfeitures, & Fees
General
Ordinance Violation - 50 - - - - - - - - - - 50 - NA
Bad Checks Fines - - - - - - - - - - - - - - NA
Collections - - 213 150 - - 375 356 - - - - 1,094 5,000 22%
Court Fees 1,723 - - - - 1,455 1,812 - 20 1,583 - - 6,593 10,000 66%
Plan Commission Application Fee 1,350 1,000 1,600 3,000 1,950 500 4,600 3,400 2,800 - - - 20,200 24,000 84%
Zoning Appeals Application Fee 1,450 1,950 2,200 1,225 1,750 1,025 1,825 950 1,350 2,400 - - 16,125 13,600 119%
Zoning Admin Fees 1,110 700 970 1,270 1,580 1,340 1,300 2,140 3,110 2,890 - - 16,410 15,800 104%
Zoning Admin Fines 75 - 38 38 75 - 38 138 38 38 - - 475 500 95%
Tax Abatement Admin Fees 750 3,542 2,705 - 1,696 500 1,329 1,563 - 250 - - 12,335 10,600 116%
Test Filling Fees 600 550 350 150 350 350 300 500 100 450 - - 3,700 8,000 46%
Econ Dev-CDBG Loan Late Fees - - - - - - - - - - - - - - NA
Sub Total 7,058 7,792 8,075 5,833 7,401 5,170 11,578 9,047 7,418 7,611 - - 76,982 87,500 88%
Code Enforcement
Vacant Bldg Registration 314 600 - - - - 500 - - - - - 1,414 600 236%
Landlord Registration Fee 60 70 20 25 15 25 10 - 5 - - - 230 - NA
Rental Unit Safety Fees 16,250 28,500 11,500 2,243 9,750 24,750 24,500 10,250 4,250 33,656 - - 165,649 250,000 66%
Demolition & Boarding 794 453 1,706 623 825 408 333 - 333 100 - - 5,575 20,640 27%
Collections - 75 - - - - - - - - - - 75 500 15%
Environmental Violations 9,394 9,995 13,427 8,571 20,502 15,194 15,118 26,038 20,149 15,785 - - 154,172 89,400 172%
Ordinance Violation 8,265 6,706 6,982 6,782 21,996 1,295 1,324 5,558 7,312 3,760 - - 69,980 102,000 69%
Animal Ordinance Violation 727 623 866 1,257 963 2,888 1,627 4,704 2,161 1,066 - - 16,882 50,000 34%
Forfeitures-Civil Penalties - - - 560 100 1,700 - - - - - - 2,360 10,000 24%
Forfeitures-Chronic Problem - - - - - - - - - - - - - - NA
Sub Total 35,803 47,022 34,500 20,060 54,151 46,260 43,412 46,550 34,211 54,367 - - 416,337 523,140 80%
Parking
Street Parking Fines 6,220 3,290 4,160 11,420 10,290 11,220 31,280 14,150 2,980 16,452 - - 111,462 103,000 108%
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: October 31, 2025
Fines, Forfeitures, & Fees
Public Safety
False Alarms Fine 10,889 2,256 4,869 5,138 5,751 7,850 6,337 5,200 11,850 10,275 - - 70,416 85,000 83%
Noise Ordinance 360 - 50 50 50 100 - 2,500 - 50 - - 3,160 1,000 316%
Curfew Violation - - - 25 - - - - - 50 - - 75 200 38%
Chronic Problem Property - - - - - - - - - - - - - - NA
Impound Towing Fees 560 490 610 570 630 540 640 520 600 658 - - 5,818 10,000 58%
Sub Total 11,810 2,746 5,529 5,783 6,431 8,490 6,977 8,220 12,450 11,033 - - 79,469 96,200 83%
Total Fines, Forfeitures, & Fees 60,891 60,850 52,264 43,095 78,273 71,140 93,247 77,967 57,058 89,463 - - 684,249 809,840 84%
Other Income
Miscellaneous Revenue
Miscellaneous Revenue 3,030 9,223 46,650 22,982 14,184 1,976,783 18,423 2,870 4,509,326 1,134,845 - - 7,738,315 90,066 8592%
Sale of Scrap Metal 1,783 1,856 1,217 19,474 947 - 1,612 1,478 746 3,964 - - 33,077 18,055 183%
Bond Interest Rebate - - - - - - 29,796 - - - - - 29,796 55,832 53%
Program Income 322 - - 942 466 590 2,240 1,976 (1,096) 236 - - 5,676 50,000 11%
Origination Fees 14,700 - 4,187 3,000 - 1,685 - 10,000 - 500 - - 34,072 10,000 341%
Loan Servicing Fees 640 4,504 19,323 6,069 7,765 9,534 8,330 4,533 - (1,584) - - 59,116 54,000 109%
Sub Total 20,476 15,584 71,377 52,467 23,362 1,988,592 60,401 20,857 4,508,975 1,137,961 - - 7,900,051 277,953 2842%
Bank Account Interest 2,183,645 1,463,750 1,590,255 1,541,751 820,641 1,915,527 1,778,892 1,109,525 810,278 2,557,485 - - 15,771,749 6,259,731 252%
Rental of Property 14,863 15,995 15,593 42,168 11,228 11,028 19,020 26,028 11,078 19,358 - - 186,360 170,284 109%
Donations 76,663 2,937 2,983 44,279 21,428 890,412 550,616 54,633 100,867 3,407,928 - - 5,152,748 1,451,000 355%
3rd Party Revenue
Cable TV Franchise Fees - 107,925 - - 111,488 - - - - 107,312 - - 326,726 600,000 54%
Video Franchise Fees 17,421 - - 16,217 - - 15,416 - - - - - 49,054 100,000 49%
Sub Total 17,421 107,925 - 16,217 111,488 - 15,416 - - 107,312 - - 375,780 700,000 54%
Total Other Income 2,313,069 1,606,191 1,680,208 1,696,883 988,147 4,805,560 2,424,345 1,211,043 5,431,199 7,230,045 - - 29,386,688 8,858,968 332%
Reimbursements
Miscellaneous Reimbursements 6,837 51,003 7,505 42,802 28,701 60,929 33,214 13,784 423 22,259 - - 267,457 140,140 191%
Insurance Claim 18,783 35,632 31,656 19,824 45,217 24,390 7,905 15,647 13,631 27,498 - - 240,183 97,000 248%
IT Services 75,627 - - - - - - - - - - - 75,627 - NA
Travel Reimbursement - - - - - - - - - - - - - - NA
Lamppost Program - - 50 1,500 1,450 1,000 400 - - - - - 4,400 8,000 55%
Energy Rebates - - - 1,783 - - - - - - - - 1,783 45,000 4%
Repair Reimbursement 5,292 75 225 75 525 1,833 75 1,854 225 375 - - 10,554 20,000 53%
Salary/Overtime Reimb 19,677 15,630 - 3,373 - - 4,169 11,089 3,793 319,468 - - 377,200 400,000 94%
Diesel Tax Rebate - - 12,871 - 7,540 3,799 - 11,336 - - - - 35,546 40,000 89%
Pharmacy Rebates 73,797 77,514 76,703 74,338 72,784 74,406 - 75,554 75,622 75,487 - - 676,205 800,000 85%
Morris Advertising Reimbursement - - - - - - - - - - - - - - NA
Sub Total 200,015 179,855 129,010 143,696 156,217 166,357 45,762 129,265 93,694 445,086 - - 1,688,955 1,550,140 109%
Departmental Reimbursements - - - - - - - - - - - - - - NA
Total Reimbursements 200,015 179,855 129,010 143,696 156,217 166,357 45,762 129,265 93,694 445,086 - - 1,688,955 1,550,140 109%
Other Sources
Interfund Transfers & Fixed Cost Allocations
Interfund Transfers In 6,790,808 1,832,093 2,647,672 2,266,874 2,303,711 1,775,243 5,816,293 8,372,537 1,954,696 1,038,196 - - 34,798,125 64,177,906 54%
PILOT - - - - - - 5,765,661 - - - - - 5,765,661 5,765,661 100%
Administration Cost Allocation 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 - - 7,988,334 9,586,000 83%
IT Cost Allocation 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 1,245,216 1,245,216 1,122,568 - - 12,357,913 14,991,280 82%
Liability Insurance Allocation 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 - - 3,033,333 3,639,999 83%
Payroll Cost Allocation 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 - - 2,337,686 2,789,430 84%
Facilities Management Allocation 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 - - 133,333 160,000 83%
Utility Customer Service Mgmt Allocation 134,688 134,688 134,688 134,688 134,688 134,688 134,688 134,688 134,688 83,123 - - 1,295,311 1,616,250 80%
Sub Total 9,524,038 4,565,322 5,380,902 5,000,104 5,036,941 4,508,473 14,315,184 11,101,709 4,683,868 3,593,155 - - 67,709,695 102,726,526 66%
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: October 31, 2025
Other Sources
Sale of Assets
Sale of Capital Assets - - - - - - - - 213,384 - - - 213,384 20,000 1067%
Sale of Non-Capital Assets - - - - - - - - 16,175 - - - 16,175 - NA
Sale of Property - 500 - - - 900 500 15,750 - - - - 17,650 10,000 177%
Other Damage Reimbursement - - - - - - - - - - - - - - NA
Vehicle Damage Reimbursement - - - - - - - - - - - - - - NA
Hydrant Damage Reimbursement - 3,038 - - - 546 - - - 686 - - 4,270 - NA
Sub Total - 3,538 - - - 1,446 500 15,750 229,559 686 - - 251,479 30,000 838%
Issuance of Debt
Capital Lease Proceeds - - - - 7,424,128 - - - - - - - 7,424,128 10,390,997 71%
Bond Proceeds - - - - - - - - - - - - - 7,673,000 0%
Premium on Bonds - - - - - - - - - - - - - - NA
Sub Total - - - - 7,424,128 - - - - - - - 7,424,128 18,063,997 41%
Refunds
Refunds 13 (3,443) 14,164 581 (4) 210 286 - 32,527 21 - - 44,355 4,000 1109%
Specific Stop Loss - - - - - - - - - - - - - 10,000 0%
Utility Receipts Tax Refund - - - - - - - - - - - - - - NA
Sub Total 13 (3,443) 14,164 581 (4) 210 286 - 32,527 21 - - 44,355 14,000 317%
Other
Sale of Property Held for Resale - - - - - - - - - - - - - - NA
Interfund Loan - Principal Income - - - - - - - 111,126 - - - - 111,126 111,126 100%
Interfund Loan - Interest Income - - - - - - - 9,766 - - - - 9,766 9,766 100%
Other Loan - Principal Income (222,112) 127,130 47,327 52,062 (411,609) (34,393) 407,222 19,462 (21,481) (211,825) - - (248,219) 348,500 -71%
Other Loan - Interest Income 35,606 40,845 42,480 37,863 46,896 41,552 39,969 60,627 45,869 49,502 - - 441,209 506,300 87%
Sub Total (186,506) 167,975 89,807 89,925 (364,713) 7,159 447,190 200,981 24,388 (162,323) - - 313,882 975,692 32%
Total Other Sources 9,337,544 4,733,392 5,484,873 5,090,610 12,096,351 4,517,288 14,763,160 11,318,440 4,970,342 3,431,539 - - 75,743,539 121,810,215 62%
Revenue Total 34,825,700 20,929,106 22,207,289 24,242,421 32,021,354 93,544,246 34,868,704 29,469,017 31,956,091 28,157,284 - - 352,221,213 449,243,449 78%
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 101 128,906 93,787 88,085 75,878 89,640 88,657 86,644 116,828 88,936 76,191 - - 933,554 1,253,668 74%
Community Initiatives 101 - - - - - - - - - - - - - - NA
Community Police Review Office 101 11,990 9,069 8,254 8,254 8,249 8,249 8,649 13,729 9,136 9,155 - - 94,734 139,095 68%
Clerk 101 54,383 42,270 54,715 35,631 39,198 36,929 46,792 62,202 41,546 26,604 - - 440,268 649,328 68%
Common Council 101 47,927 65,088 62,908 70,584 44,375 78,617 48,771 81,723 53,166 46,602 - - 599,763 1,103,064 54%
Youth Council 101 183 664 - 50 2,150 2,946 - 622 - 200 - - 6,815 12,000 57%
General City 101 919,916 54,277 661,461 305,502 324,357 202,884 1,037,564 955,963 1,485,235 1,785,031 - - 7,732,192 23,703,879 33%
Controller' Office 101 343,018 228,397 288,560 278,585 462,410 320,444 244,454 304,770 250,789 255,541 - - 2,976,969 3,595,423 83%
Human Resources 101 83,347 67,251 60,807 63,550 63,665 66,773 62,417 84,658 63,036 83,015 - - 698,517 1,007,893 69%
Diversity & Inclusion 101 54,896 39,246 34,702 55,970 37,776 38,720 45,696 44,122 47,912 21,226 - - 420,266 745,807 56%
Human Rights 101 50,960 53,701 67,152 44,001 41,399 44,375 48,939 73,128 51,984 52,814 - - 528,451 841,744 63%
Legal 101 212,085 154,747 146,008 146,859 145,151 157,395 152,350 200,676 143,783 108,830 - - 1,567,883 2,199,109 71%
Engineering 101 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 - - - 4,500,000 4,100,000 110%
Park Maintenance 101 134,889 67,272 - - - - 335,253 91,158 65,358 56,683 - - 750,615 1,021,813 73%
Park Capital 101 - - - - - - - - - - - - - 2,500,028 0%
Curb & Sidewalk 101 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 - - 1,333,333 1,600,000 83%
Street Signals & Lighting 101 128,885 23,237 125,368 122,692 125,686 116,010 123,617 121,614 117,781 23,559 - - 1,028,449 1,400,000 73%
Streets 101 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 - - 3,750,000 4,500,000 83%
Sub Total 3,179,718 1,907,339 2,606,354 2,215,890 2,392,389 2,170,333 3,249,478 3,159,527 3,426,995 3,053,785 - - 27,361,808 50,372,850 54%
Public Works
Engineering 101 404,743 281,397 367,908 279,442 308,383 327,567 317,577 454,821 315,352 369,678 - - 3,426,867 5,267,228 65%
Sub Total 404,743 281,397 367,908 279,442 308,383 327,567 317,577 454,821 315,352 369,678 - - 3,426,867 5,267,228 65%
Public Safety
Police 101 4,279,195 3,536,835 2,998,129 3,102,488 3,223,519 3,171,295 3,378,170 4,748,460 4,710,525 3,466,180 - - 36,614,795 47,751,325 77%
Crime Lab 101 90,829 70,883 72,651 75,456 74,433 74,822 75,300 98,651 74,626 15,934 - - 723,586 1,049,529 69%
Fire 101 4,233,705 2,656,749 2,493,252 2,533,091 2,452,952 2,640,583 2,653,753 3,448,197 2,819,359 2,596,755 - - 28,528,396 33,823,348 84%
EMS 101 150,133 69,475 62,807 121,729 77,170 80,748 53,425 50,716 40,493 91,093 - - 797,789 985,790 81%
Fire Training Center 101 6,334 27,991 7,587 6,002 4,531 2,447 4,872 22,029 13,316 2,572 - - 97,682 85,450 114%
Sub Total 8,760,197 6,361,933 5,634,425 5,838,766 5,832,605 5,969,895 6,165,520 8,368,052 7,658,320 6,172,534 - - 66,762,248 83,695,443 80%
Community Investment
Sustainability 101 - - - - 163 - - - - 299 - - 462 33,000 1%
Sub Total - - - - 163 - - - - 299 - - 462 33,000 1%
Arts & Culture
Morris Performing Arts Center 101 - - - - - - - - - (990) - - (990) - NA
Palais Royale Ballroom 101 16,757 9,070 18,875 12,995 12,222 9,824 17,272 10,555 12,635 20,986 - - 141,192 234,072 60%
Sub Total 16,757 9,070 18,875 12,995 12,222 9,824 17,272 10,555 12,635 19,996 - - 140,202 234,072 60%
Total General Fund 12,361,414 8,559,739 8,627,562 8,347,093 8,545,762 8,477,620 9,749,848 11,992,955 11,413,302 9,616,292 - - 97,691,586 139,602,593 70%
Venues, Parks & Arts
Parks & Recreation
Park Administration 201 80,340 89,823 90,708 92,048 90,127 92,607 94,527 107,765 93,228 215,659 - - 1,046,832 1,241,599 84%
Park Maintenance 201 909,597 680,619 599,983 686,484 655,994 854,582 1,229,943 1,075,725 1,011,827 1,204,641 - - 8,909,395 13,812,591 65%
Golf Courses 201 119,246 129,125 135,299 209,803 178,591 283,767 218,921 431,204 248,656 220,137 - - 2,174,749 3,017,963 72%
Community Programming 201 153,332 115,195 113,026 121,952 125,487 136,425 164,131 214,744 133,916 152,098 - - 1,430,305 1,834,201 78%
Development & Promotions 201 130,622 96,463 91,816 120,902 310,699 93,130 130,401 133,237 196,855 354,589 - - 1,658,716 2,607,534 64%
Park Projects & Capital 201 - 889,321 359,348 1,500,896 340,569 13,081 33,014 973,195 237,442 2,521 - - 4,349,387 7,148,718 61%
Potawatomi Zoo 201 175,285 285 285 285 175,285 285 285 285 285 285 - - 352,852 353,422 100%
Park Debt 201 - - - - - - - 4,950 - - - - 4,950 5,500 90%
201 89,367 47,320 46,373 81,912 128,991 143,620 188,782 242,570 173,102 198,164 - - 1,340,200 2,396,469 56%
Machinery & Equipment 201 115,511 125,797 75,902 120,690 145,924 90,801 105,112 186,199 101,485 90,561 - - 1,157,982 2,488,333 47%
Morris Palais Marketing 273 - - - - - - - - - - - - - - NA
Morris PAC Self-Promotion 274 - - - - - - - - - - - - - - NA
Coveleski Stadium Capital 401 - - - - - - - - - - - - - 30,000 0%
Professional Sports Convention Dev. Area 413 91,346 62,913 - - 3,664 - - - - - - - 157,923 218,646 72%
Morris PAC Improvement 416 277,029 1,478,278 412,474 601,678 5,343 1,467,796 2,031,967 418,092 - - - - 6,692,658 6,692,686 100%
Palais Historic Preservation 450 - - - - - - - - - - - - - 10,000 0%
Morris Performing Arts Center Operations 602 147,383 116,292 134,960 165,886 127,446 140,844 144,475 155,868 105,289 155,076 - - 1,393,517 1,904,598 73%
Sub Total 2,509,255 3,963,850 2,199,670 3,832,803 2,447,967 3,468,197 4,547,001 4,184,500 2,440,420 2,718,256 - - 32,311,918 46,170,700 70%
Period Ending: October 31, 2025
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: October 31, 2025
Parking Garages
Parking Enforcement 601 35,017 24,725 15,491 67,587 54,701 15,130 40,736 29,677 12,164 67,917 - - 363,144 276,400 131%
Parking General Operations 601 11,261 9,181 10,264 16,247 10,108 4,535 39,097 4,535 (23,000) 53,058 - - 135,287 222,588 61%
Main Street Garage 601 36,668 7,239 12,188 33,661 23,644 21,335 36,223 40,747 (13,177) 7,111 - - 205,638 334,051 62%
Leighton Plaza Garage 601 31,846 (4,650) (9,034) 35,672 11,039 31,982 28,714 50,925 (16,295) (12,915) - - 147,283 231,303 64%
Wayne West Garage 601 32,178 12,157 10,123 27,413 10,961 - 40,936 131,559 (18,599) 50,573 - - 297,300 310,851 96%
601 - 1,305 - 16,964 18,715 13,524 - (50,507) - - - - - - NA
Wayne Street Garage 601 38,462 30,540 13,417 63,006 35,662 22,250 54,880 42,232 (12,794) 45,998 - - 333,652 328,099 102%
Sub Total 185,432 80,495 52,448 260,550 164,829 108,756 240,587 249,167 (71,701) 211,741 - - 1,482,305 1,703,292 87%
Century Center
Century Center Operations 670 394,155 355,331 350,832 366,404 474,800 344,599 351,812 495,693 302,581 334,538 - - 3,770,745 4,546,572 83%
Century Center Capital 671 37,868 - - - - 12,759 - - - - - - 50,627 606,740 8%
Century Center Energy Saving 672 - - - 194,163 - - - - - 194,591 - - 388,754 388,754 100%
Sub Total 432,022 355,331 350,832 560,567 474,800 357,358 351,812 495,693 302,581 529,128 - - 4,210,125 5,542,066 76%
Total Venues, Parks & Arts 3,126,710 4,399,675 2,602,950 4,653,920 3,087,597 3,934,310 5,139,400 4,929,360 2,671,301 3,459,125 - - 38,004,348 53,416,058 71%
Public Safety
Police Department
Police Seizures 216 - - - - - - - - - - - - - 22,000 0%
Curfew Violations 218 - - - - - - - - - - - - - - NA
Law Enforcement Education 220 59,327 173,505 81,878 27,796 121,717 39,262 16,135 48,540 423,274 68,611 - - 1,060,046 1,205,168 88%
Public Safety Local Income Tax - Police 249 715,424 476,949 476,949 476,949 476,949 476,949 476,949 715,424 476,949 476,949 - - 5,246,441 6,200,339 85%
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 - - - - 7,395 - 14,920 - 9,728 - - - 32,043 50,000 64%
K-9 Unit 705 - - - - - - - - - - - - - - NA
Sub Total 774,750 650,454 558,827 504,745 606,062 516,212 508,004 763,964 909,952 545,560 - - 6,338,530 7,527,507 84%
Fire Department
Public Safety Local Income Tax - Fire 249 885,957 590,638 590,638 590,638 590,638 590,638 590,638 885,957 590,638 590,638 - - 6,497,018 7,678,294 85%
Fire Department Capital 287 1,945,393 583,940 - 378,402 385,691 109,339 476,842 792,024 - 25,096 - - 4,696,727 8,580,975 55%
Haz-Mat 289 - - - - - - - - - - - - - 10,000 0%
Indiana River Rescue 291 548 207 95 5,024 18,229 5,772 9,551 487 3,089 4,462 - - 47,465 94,700 50%
Sub Total 2,831,898 1,174,786 590,733 974,064 994,558 705,748 1,077,031 1,678,468 593,727 620,196 - - 11,241,210 16,363,969 69%
Total Public Safety 3,606,648 1,825,240 1,149,560 1,478,809 1,600,620 1,221,960 1,585,036 2,442,432 1,503,679 1,165,757 - - 17,579,740 23,891,475 74%
Public Works
Streets
Motor Vehicle Highway 202 1,774,221 1,649,474 1,227,715 1,033,959 840,607 1,109,392 1,229,947 1,753,406 748,679 1,672,685 - - 13,040,085 21,109,825 62%
Local Road & Street 251 2,815 18,987 3,145 10,111 - - 313,809 111,790 159,028 330,875 - - 950,560 4,304,636 22%
LOIT 2016 Special Distribution 257 33,831 704 - - - - - - - - - - 34,535 53,339 65%
Local Road & Bridge Grant 265 17,569 73,164 1,918 - - 166,520 384,279 35,880 303,756 1,247,336 - - 2,230,422 3,993,345 56%
MVH Restricted Fund 266 100,372 38,716 71,194 133,689 83,011 722,085 438,773 390,458 595,405 328,787 - - 2,902,490 3,713,424 78%
Major Moves 412 12,339 150 27,635 31,987 34,603 48,585 210 177,592 7,275 17,822 - - 358,197 762,824 47%
Project ReLeaf 655 39,454 28,795 28,313 28,405 28,251 28,419 28,203 28,037 28,401 31,256 - - 297,534 469,686 63%
Sub Total 1,980,602 1,809,989 1,359,921 1,238,151 986,471 2,075,001 2,395,221 2,497,163 1,842,543 3,628,762 - - 19,813,824 34,407,080 58%
Solid Waste
Solid Waste Operations 610 702,500 489,773 683,282 752,018 532,446 525,470 541,125 595,607 536,437 519,944 - - 5,878,601 8,662,231 68%
Solid Waste Capital 611 630,273 330,371 - - - 15,846 265,159 420,159 - - - - 1,661,808 3,310,370 50%
Sub Total 1,332,773 820,144 683,282 752,018 532,446 541,316 806,284 1,015,766 536,437 519,944 - - 7,540,409 11,972,601 63%
Water Works
Water Works Operations 620 1,674,375 1,240,108 1,429,193 1,449,415 1,375,267 1,302,540 3,050,184 1,508,061 1,665,485 1,251,590 - - 15,946,219 25,351,815 63%
Water Works Capital 622 136,276 26,276 77,782 137,488 46,412 120,790 1,575,427 73,011 4,252,916 252,963 - - 6,699,340 32,074,374 21%
Water Works Sinking (Debt Service) 625 348,749 2,677 2,677 - 2,677 - 167,924 600 (2,429) - - - 522,875 3,646,688 14%
Sub Total 2,159,400 1,269,062 1,509,652 1,586,903 1,424,356 1,423,330 4,793,535 1,581,672 5,915,972 1,504,553 - - 23,168,434 61,072,877 38%
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: October 31, 2025
Wastewater/Sewer/Organic Resources
Sewer Repair Insurance 640 86,296 54,016 98,704 131,716 69,514 144,465 100,146 101,982 106,194 43,130 - - 936,163 1,425,256 66%
Sewer Division 641 699,305 664,911 530,743 565,358 482,734 910,744 591,821 624,957 514,536 545,319 - - 6,130,427 8,664,833 71%
Concrete Crew 641 56,638 43,948 41,518 39,715 42,982 53,196 40,974 47,535 47,966 40,058 - - 454,531 644,997 70%
Wastewater Operations 641 1,764,032 1,676,943 1,651,389 1,389,073 1,428,560 1,302,636 5,590,520 1,397,732 1,152,437 1,325,960 - - 18,679,282 44,713,091 42%
Organic Resources 641 89,613 75,345 98,491 97,629 108,768 278,663 127,357 146,390 118,523 83,462 - - 1,224,241 1,888,911 65%
Sewage Works Capital 642 53,012 352,887 1,033,785 1,334,099 891,397 739,537 1,215,657 804,540 680,111 1,308,393 - - 8,413,419 33,679,967 25%
Sewage Works Sinking (Debt Service) 649 - - - - 180,680 434,915 - 1,300 - - - - 616,895 10,584,228 6%
Sewage Debt Service Reserve 653 - - - - - - - - - - - - - - NA
Sub Total 2,748,895 2,868,051 3,454,631 3,557,589 3,204,635 3,864,157 7,666,476 3,124,435 2,619,768 3,346,322 - - 36,454,958 101,601,283 36%
Storm Water Fees
Storm Sewer Fund 667 20,884 2,287 11,796 26,974 43,785 302,905 1,390 2,727 17,478 6,853 - - 437,078 2,313,295 19%
Sub Total 20,884 2,287 11,796 26,974 43,785 302,905 1,390 2,727 17,478 6,853 - - 437,078 2,313,295 19%
Total Public Works 8,242,554 6,769,533 7,019,282 7,161,634 6,191,692 8,206,708 15,662,905 8,221,763 10,932,198 9,006,434 - - 87,414,703 211,367,135 41%
Department of Community Investment
Studebaker/Oliver Revitalizing Grant 209 - 570 - - 994 11,977 19 1,800 14,238 42,436 - - 72,033 199,626 36%
Economic Development State Grants 210 - - - - - - - - - - - - - - NA
DCI Operating 211 466,966 357,271 328,846 362,375 394,342 323,726 368,587 522,275 361,343 300,884 - - 3,786,615 5,330,572 71%
DCI Grants 212 201,133 138,995 452,979 166,822 177,392 224,209 587,426 476,629 298,853 585,608 - - 3,310,047 10,771,637 31%
Unsafe Building 219 - 3,311 3,259 5,203 2,000 1,718 987 2,757 - 2,601 - - 21,836 25,000 87%
Rental Units Regulation 221 6,526 4,580 4,580 4,580 7,487 4,586 4,392 (33,823) - - - - 2,907 144,866 2%
Neighborhood Services & Enforcement 230 471,329 482,772 451,431 322,170 313,829 337,631 360,860 521,501 319,191 219,906 - - 3,800,620 6,495,550 59%
Animal Resource Center 230 129,241 87,551 85,858 101,285 88,711 86,867 99,489 102,473 78,859 90,473 - - 950,808 1,484,103 64%
UDAG 410 - - - - - - - - - - - - - - NA
Building Dept Operations 600 178,187 140,377 143,215 135,815 128,346 131,187 190,080 1,298,660 130,277 40,466 - - 2,516,609 4,332,686 58%
Industrial Revolving Fund 754 16,928 5,223 8,705 7,972 6,124 5,453 6,505 10,050 9,730 4,037 - - 80,727 548,655 15%
Total Dept of Community Investment 1,470,310 1,220,651 1,478,873 1,106,221 1,119,225 1,127,354 1,618,344 2,902,323 1,212,491 1,286,412 - - 14,542,203 29,332,695 50%
Capital & Debt Service Funds
2017 Park Bond Debt Service 312 573,908 - - - - - 607,308 - - - - - 1,181,215 1,181,215 100%
2018 Fire Station #9 Debt Service 350 173,191 - - - - - 171,466 - - - - - 344,656 344,656 100%
Local Income Tax - Certified Shares 404 608,021 6,651 - - - 95,623 336,166 - - - - - 1,046,462 45,564 2297%
Cumulative Capital Development 406 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 - - 416,667 891,096 47%
Cumulative Capital Improvement 407 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 - - 62,500 75,000 83%
Local Income Tax - Economic Develop. 408 2,624,601 1,610,006 3,720,919 1,922,750 2,123,871 1,377,314 2,708,694 1,959,418 1,586,403 1,102,662 - - 20,736,639 37,001,064 56%
2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA
2022 Zoo Bond Capital 453 - - - - - - - - - - - - - - NA
2021 Infrastructure Bond Capital 455 - - - - - 103,981 295,519 - - - - - 399,500 446,483 89%
2017 Park Bond Capital 471 - - - - - - 14,004 - - - - - 14,004 458,822 3%
Equipment / Vehicle Leasing 750 - - - - - - - - - - - - - - NA
Redevelopment Authority Debt Service 752 2,007,000 2,154,478 - - 384,563 - 1,760,500 7,252,650 - - - - 13,559,191 11,559,870 117%
South Bend Building Corporation 755 - 859,909 - - - - - 568,696 - - - - 1,428,605 1,430,605 100%
2015 Smart Streets Bond Debt Service 756 - 854,734 - 1,650 - - - 856,109 - - - - 1,712,494 1,712,844 100%
2015 Park Bond Debt Service 757 - 191,491 - - - - - 189,541 - - - - 381,031 381,031 100%
2017 Eddy St. Commons Bond Capital 759 - - - - - - - - - - - - - - NA
2017 Eddy St. Commons Bond Debt 760 - 975,375 - - - - - 979,750 - - - - 1,955,125 1,955,125 100%
Total Capital & Debt Service 6,034,637 6,700,561 3,768,836 1,972,316 2,556,351 1,624,834 5,941,573 11,854,082 1,634,320 1,150,579 - - 43,238,088 57,483,375 75%
Internal Service Funds
Central Services
Equipment Services 222 804,902 852,537 823,471 868,457 692,610 843,056 772,064 850,404 817,695 800,444 - - 8,125,640 11,367,689 71%
Radio Shop 222 16,952 12,926 34,301 19,483 20,423 19,185 19,197 26,614 19,917 39,978 - - 228,977 344,536 66%
Building Maintenance 222 31,672 24,031 4,612 27,497 20,172 21,188 21,298 22,181 19,087 18,460 - - 210,199 360,221 58%
Facilities Management 222 15,951 12,522 12,522 12,522 12,522 12,522 12,522 16,059 12,522 9,072 - - 128,737 244,039 53%
Central Services Capital 222 - - - 13,018 - - - 11,397 - 47,200 - - 71,615 358,150 20%
Subtotal 869,477 902,016 874,906 940,977 745,728 895,952 825,082 926,654 869,222 915,154 - - 8,765,168 12,674,635 69%
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: October 31, 2025
Liability Insurance
Business Insurance 226 129,231 18,751 - 4,525 18,749 12,560 1,056,064 18,749 - 2,185 - - 1,260,814 1,353,674 93%
Liability Insurance 226 39,575 24,332 32,338 35,969 44,655 37,711 54,079 12,371 77,650 124,893 - - 483,574 1,228,943 39%
Workers Compensation 226 262,284 37,557 63,898 87,521 171,603 84,669 14,508 105,872 27,081 168,077 - - 1,023,069 1,446,924 71%
Catastrophic Events 226 - - - - - - - - - - - - - 92,733 0%
Subtotal 431,090 80,640 96,235 128,014 235,007 134,940 1,124,651 136,993 104,731 295,155 - - 2,767,456 4,122,275 67%
IT / Innovation /311 Call Center 279 1,703,299 1,084,746 802,534 1,605,593 1,193,996 993,207 1,500,746 2,056,439 734,827 985,658 - - 12,661,046 18,231,741 69%
Self-Funded Employee Benefits 711 1,880,942 1,508,085 1,554,539 1,851,533 1,604,103 1,786,908 2,148,573 1,755,005 2,111,627 2,141,117 - - 18,342,432 21,512,637 85%
Unemployment Compensation 713 9,211 8,111 5,898 6,341 6,916 9,991 12,970 9,168 8,635 4,272 - - 81,513 82,500 99%
Parental Leave 714 - - - - - - - - - 111,641 - - 111,641 150,000 74%
Total Internal Service Funds 4,894,019 3,583,597 3,334,113 4,532,459 3,785,750 3,820,998 5,612,021 4,884,260 3,829,042 4,452,998 - - 42,729,257 56,773,788 75%
Other
Miscellaneous
Gift, Donation, Bequest 217 450,800 76,007 10,691 10,902 98,299 2,656 1,310 101,211 14,285 22,413 - - 788,573 1,809,312 44%
Loss Recovery 227 - - - - - - - - - - - - - 410,000 0%
Human Rights Federal Grants 258 23,889 16,238 26,888 32,977 21,920 16,301 44,443 40,247 15,471 17,401 - - 255,776 474,707 54%
American Rescue Plan 263 9,000 5,220 2,742 1,500 - - - 4,812 - - - - 23,274 24,553 95%
COVID-19 Response 264 - - - - 4,166 - - - - - - - 4,166 - NA
Sub Total 483,689 97,465 40,321 45,379 124,385 18,957 45,753 146,270 29,756 39,814 - - 1,071,789 2,718,572 39%
Fiduciary Funds
Fire Pension 701 323,740 366,638 345,715 324,575 345,466 329,974 331,834 334,173 332,894 545,329 - - 3,580,337 4,526,297 79%
Police Pension 702 526,749 516,105 513,342 510,578 522,423 505,852 522,667 507,230 690,272 299,175 - - 5,114,394 6,011,449 85%
Sub Total 850,489 882,743 859,057 835,153 867,888 835,826 854,501 841,403 1,023,167 844,504 - - 8,694,731 10,537,746 83%
Total Other 1,334,178 980,209 899,378 880,532 992,274 854,783 900,253 987,673 1,052,922 884,318 - - 9,766,520 13,256,318 74%
Total Civil City 41,070,469 34,039,205 28,880,553 30,132,984 27,879,270 29,268,567 46,209,380 48,214,847 34,249,254 31,021,915 - - 350,966,445 585,123,436 60%
Redevelopment Commission Controlled Funds
Tax Increment Financing Funds
TIF River West Development Area 324 2,533,358 3,670,810 354,978 832,159 1,280,285 1,623,394 3,252,424 2,076,496 1,239,243 1,932,070 - - 18,795,216 49,900,144 38%
TIF West Washington 422 - 150 150 17,186 - 55,010 2,740 - 26,689 - - - 101,925 1,740,000 6%
TIF River East Development Area 429 1,186,157 204,700 914,383 176,296 403,185 82,896 945,210 265,287 20,222 1,665,479 - - 5,863,815 26,966,151 22%
TIF Southside Development #1 430 246,854 - 697,371 505,106 - - 363,467 488,933 55,625 26,980 - - 2,384,336 6,438,118 37%
TIF Douglas Road 435 - - - - - - 348,434 - - - - - 348,434 423,175 82%
TIF River East Residential Area 436 2,228,268 112,669 52,266 685 - 4,624 979,750 1,554,392 - - - - 4,932,654 5,082,296 97%
Sub Total 6,194,638 3,988,329 2,019,148 1,531,432 1,683,470 1,765,924 5,892,024 4,385,107 1,341,778 3,624,530 - - 32,426,380 90,549,885 36%
Redevelopment Funds
Redevelopment General 433 441,905 39,083 100,606 34,027 124,241 54,540 436,879 311,964 269,900 155,116 - - 1,968,262 3,279,835 60%
Certified Technology Park 439 - - - - - - - - - - - - - - NA
2018 TIF Park Bond Capital 452 - - 76,676 - - - - - - - - - 76,676 76,676 100%
Airport Urban Enterprise Zone 454 - - - - - - - - - - - - - - NA
2024 South Bend Redevelopment Authority 457 - - - - 327,599 480,574 907,237 - 139,092 496,611 - - 2,351,113 17,121,840 14%
2024 RDA Bond Proceeds (Four Winds) 458 2,167,106 77,616 434,954 5,246,391 27,753 5,624,347 2,312,709 27,047,548 (24,749,950) 3,927,554 - - 22,116,026 43,538,668 51%
Airport Urban Enterprise Zone 456 580,687 22,895 115,929 4,990 577,875 469,834 6,192 1,173,031 196,686 1,097,316 - - 4,245,433 15,296,320 28%
Sub Total 3,189,697 139,594 728,165 5,285,407 1,057,468 6,629,295 3,663,017 28,532,543 (24,144,272) 5,676,597 - - 30,757,510 79,313,339 39%
Debt Service Funds
2019 South Shore Double Tracking Res. 315 - - - - - - - - - - - - - - NA
Airport 2003 Debt Reserve 328 - - - - - - - - - - - - - - NA
SBCDA 2003 Debt Reserve 352 - 517,500 - - - - - 512,625 - - - - 1,030,125 1,030,125 100%
2020 TIF Library Bond Debt Reserve 353 - - - - - - - - - - - - - - NA
Sub Total - 517,500 - - - - - 512,625 - - - - 1,030,125 1,030,125 100%
Total Redevelopment Funds 9,384,335 4,645,423 2,747,313 6,816,839 2,740,938 8,395,219 9,555,042 33,430,275 (22,802,494) 9,301,127 - - 64,214,016 170,893,348 38%
Total Expenditures 50,454,804 38,684,627 31,627,866 36,949,824 30,620,207 37,663,786 55,764,422 81,645,122 11,446,760 40,323,042 - - 415,180,460 756,016,784 55%
Civil City Debt
Capital Leases
203 2020 VLocker Equipment Lease Purchase 2020 N/A 2025 201 Annual 86,961 22,866 - 22,866 677 23,543 -
209 2020 Vehicle/Equip Lease #1 2020 N/A 2025 Various Biannual 6,156,108 1,257,355 - 1,257,355 10,477 1,267,832 -
214 2021 Network Solutions Cisco Infrastructure Lease 2021 N/A 2025 279 Annual 900,000 176,243 - 176,243 3,942 180,186 -
216 2021 Dell Computer Equipment Lease 7 2021 N/A 2025 279 Annual 529,046 109,729 - 109,729 4,228 113,957 -
218 2021 Vehicle/Equip Lease #1 2021 N/A 2026 Various Biannual 3,691,270 1,495,724 - 744,251 12,682 756,933 751,473
220 2022 IT Networking Equipment Lease 2022 N/A 2026 279 Annual 166,343 65,826 - 32,279 2,584 34,863 33,546
224 2022 Dell Computer Equipment Lease 9 2022 N/A 2025 279 Annual 202,985 52,780 - 52,780 4,874 57,654 -
225 2022 Vehicle/Equip Lease 2022 N/A 2027 Various Biannual 8,042,233 4,100,299 - 1,611,451 86,908 1,698,359 2,488,848
226 2022 Dell Computer Equipment Lease 10 2022 N/A 2025 279 Annual 40,567 10,486 - 10,486 800 11,286 -
228 2023 Dell Computer Equipment Lease 11 2023 N/A 2026 279 Annual 414,528 206,677 - 99,447 16,175 115,622 107,230
229 2023 Dell Computer Equipment Lease 12 2023 N/A 2027 279 Annual 14,136 8,475 - 2,727 301 3,028 5,748
230 2023 Vehicle/Equip Lease 2023 N/A 2028 Various Biannual 6,949,500 4,925,318 - 1,340,188 178,549 1,518,737 3,585,130
234 2024 Vehicle/Equip Lease 2024 N/A 2029 Various Biannual 10,159,750 9,067,156 - 1,872,635 357,058 2,229,693 7,194,521
242 2025 Vehicle/Equip Lease 2025 N/A 2030 Various Biannual 7,424,128 - 7,424,128 734,676 75,818 810,494 6,689,452
Total Civil City Capital Lease Debt 44,777,554 21,498,934 - 8,067,114 755,074 8,822,188 20,855,948
2025
Additions
2025
Principal
2025
Interest
City of South Bend Fiscal Year 2025
Outstanding Debt
Debt
Sched.Debt Instrument
Year of
Issue
Year of
Refinance
Year of
Maturity
Fund
No.
2025 Total
Debt Payments
Debt at
12/31/25Pmts
Amount
Issued
Debt at
1/1/25
2025
Additions
2025
Principal
2025
Interest
City of South Bend Fiscal Year 2025
Outstanding Debt
Debt
Sched.Debt Instrument
Year of
Issue
Year of
Refinance
Year of
Maturity
Fund
No.
2025 Total
Debt Payments
Debt at
12/31/25Pmts
Amount
Issued
Debt at
1/1/25
Bonds
69 2009 Water Works Revenue Bonds, Series B 2009 2019 2030 625 Biannual 2,814,257 2,025,000 - 360,000 117,746 477,746 1,665,000
80 2020 Sewage Works Revenue Bonds Refunding 2010 2010 2020 2030 649 Biannual 4,830,000 3,025,000 - 455,000 121,000 576,000 2,570,000
99 2012 Water Works Revenue Bonds 2012 N/A 2033 625 Biannual 8,300,000 3,860,000 - 430,000 133,624 563,624 3,430,000
101 2012 Sewage Works Revenue Bonds 2012 N/A 2032 649 Biannual 25,000,000 11,725,000 - 1,300,000 300,860 1,600,860 10,425,000
116 2013 Bldg Corp Mortgage Bonds (Fire St #5 & Training Tower) 2013 N/A 2033 755 Biannual 5,580,000 3,170,000 - 290,000 116,543 406,543 2,880,000
133 2014 St. Joseph County PSAP Revenue Bonds 2014 N/A 2034 408 Monthly 2,657,697 1,294,738 - 111,766 42,370 154,135 1,182,973
141 2015 Redev Authority Lease Rental Revenue Bonds (Parks) 2015 N/A 2035 757 Biannual 5,605,000 3,600,000 - 260,000 121,031 381,031 3,340,000
156 2016 Waterworks Refunding Bonds 2016 N/A 2027 625 Biannual 3,300,000 630,000 - 310,000 18,900 328,900 320,000
163 2017 Taxable Econ. Develop. Revenue Bonds (Eddy St Phase II) 2017 N/A 2037 760 Biannual 25,000,000 21,693,625 - 810,000 1,090,125 1,900,125 20,883,625
165 2017 Park District Bonds, Series 2017A-K 2017 N/A 2033 312 Biannual 14,075,000 8,760,000 - 920,000 261,215 1,181,215 7,840,000
168 2018 General Obligation Bonds (Fire St #9 & Training Classroom) 2018 N/A 2038 287 Biannual 5,045,000 3,755,000 - 230,000 114,656 344,656 3,525,000
175 2018 Econ. Develop. Revenue Bonds (Potawatomi Zoo) 2018 N/A 2034 408 Biannual 3,440,000 2,410,000 - 200,000 118,000 318,000 2,210,000
215 2021 Bldg Corp LIT Lease Rental Revenue Bonds (Infrastructure) 2021 N/A 2036 755 Biannual 7,610,000 6,320,000 - 425,000 218,900 643,900 5,895,000
219 2021 Sewage Works Refunding Revenue Bonds (Ref 2009 & 2011) 2021 N/A 2031 649 Biannual 12,450,000 8,795,000 - 1,230,000 313,350 1,543,350 7,565,000
221 2022 Morris Performing Arts Center Revenue Bonds 2022 N/A 2046 752 Biannual 6,395,000 5,910,000 - 200,000 177,350 377,350 5,710,000
222 2022 Economic Develop Revenue Bonds (Zoo Project) 2022 N/A 2042 755 Biannual 5,715,000 5,155,000 - 235,000 143,163 378,163 4,920,000
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 - 530,000 1,457,751 1,987,751 28,625,000
235 2023 Sewage Works Revenue Bonds 2023 N/A 2044 649 Biannual 32,150,000 32,150,000 - 725,000 877,695 1,602,695 31,425,000
238 2024 Water Works Revenue Bonds (SRF) 2024 N/A 2045 625 Biannual 10,713,000 10,713,000 - - 70,904 70,904 10,713,000
Total Civil City Bond Debt 237,274,953 170,136,363 - 11,916,766 5,992,881 17,909,646 158,219,598
Interfund Loan -
84 2013 Major Moves-Triangle Development Interfund Loan 2011 2013 2029 436 Biannual 1,558,050 515,948 - 11,126 9,766 20,892 504,822
Total Civil City Interfund Loan Debt 1,558,050 515,948 - 11,126 9,766 20,892 504,822
Loan Payable -
68 2009 Water Works Improvements - State Revolving Fund 2009 N/A 2030 625 Biannual 427,400 144,144 - 27,262 4,858 32,120 116,882
139 2015 Century Center Energy QECB Conservation Bond 2015 N/A 2031 672 Biannual 4,167,897 2,472,536 - 315,561 73,193 388,754 2,156,975
Total Civil City Loan Payable Debt 4,595,297 2,616,680 - 342,823 78,050 420,873 2,273,857
Total Civil City Debt 288,205,855 194,767,925 - 20,337,829 6,835,771 27,173,599 181,854,224
Redevelopment Commission Debt
Capital Leases
13 2006 Main/Colfax Garage - Transpo Lease (Parking Garage Purch) 2006 N/A 2025 324 Biannual 2,510,278 192,742 - 192,742 7,258 200,000 -
Total Redevelopment Capital Lease Debt 2,510,278 192,742 - 192,742 7,258 200,000 -
Revenue Bonds -
54 2015 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2015 2027 436 Biannual 36,000,000 18,015,000 - 1,840,000 629,606 2,469,606 16,175,000
62 2013 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2013 2026 324 Biannual 4,655,000 535,000 - 375,000 12,563 387,563 160,000
135 2015 Redev Authority Lease Rental Revenue Bonds (Smart Streets) 2015 N/A 2037 324 Biannual 25,000,000 17,330,000 - 1,160,000 550,844 1,710,844 16,170,000
169 2018 Redev District Revenue Bonds (Parks Improvements) 2018 N/A 2033 324 Biannual 11,995,000 7,385,000 - 775,000 215,775 990,775 6,610,000
200 2019 South Shore Double Tracking Bonds 2019 N/A 2030 324 Biannual 7,985,000 4,900,000 - 795,000 235,125 1,030,125 4,105,000
210 2020 TIF Library Bonds 2020 N/A 2037 324 Biannual 4,225,000 3,475,000 - 240,000 85,615 325,615 3,235,000
239 2024A RDA Lease Rental Revenue Bonds (Four Winds Field) 2024 N/A 2044 458 Biannual 44,860,000 44,860,000 - 730,000 2,336,682 3,066,682 44,130,000
240 2024B RDA Taxable Lease Rental Revenue Bonds (Madison Lifestyle District)2024 N/A 2041 457 Biannual 24,480,000 24,480,000 - 160,000 1,345,740 1,505,740 24,320,000
245 2025 Redev District Taxable Revenue Bonds (Drewery's Residential Infrastructure Loan)2025 N/A 2041 324 Biannual 2,570,000 - 2,570,000 - - - 2,570,000
Total Redevelopment Revenue Bond Debt 159,200,000 120,980,000 - 6,075,000 5,411,950 11,486,950 114,905,000
Total Redevelopment Commission Debt 161,710,278 121,172,742 - 6,267,742 5,419,208 11,686,950 114,905,000
Total Debt 449,916,133 315,940,667 - 26,605,571 12,254,978 38,860,549 296,759,224
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 8 8 8 8 8 8 8 8 8 7
Community Initiatives - - - - - - - - - - -
Community Police Review Board 1 1 1 1 1 1 1 1 1 1 1
City Clerk 4 1 1 2 4 4 4 4 4 4 4
Common Council 11 - - - 9 9 9 9 9 9 9
Controller's Office 24 21 21 21 23 23 21 23 21 22 23
Human Resources 7 6 6 6 6 6 6 6 7 7 7
Diversity & Inclusion 3 2 2 2 2 2 2 2 2 2 2
Human Rights 6 4 4 4 6 6 6 6 6 6 6
Legal Department 13 11 13 13 11 11 12 12 12 12 13
Engineering 29 23 23 25 25 25 25 25 25 27 26
Police Department 299 286 285 287 294 294 285 290 288 291 295
Police Crime Lab 7 6 6 6 7 7 8 7 7 8 8
Fire Department 256 242 242 243 247 247 249 246 245 248 246
EMS 4 4 4 4 3 3 3 3 3 3 4
672 615 616 622 646 646 639 642 638 648 651 - -
201 - Parks & Recreation
Community Inititatives 8 8 8 8 7 7 7 7 8 8 8
Administration 4 4 4 4 4 4 4 4 4 4 4
Maintenance 44 39 40 40 41 41 40 41 40 40 40
Golf Courses 9 8 8 8 9 9 9 9 9 9 9
Recreational Experiences 7 8 8 8 8 8 8 8 8 8 9
Community Programming 16 13 13 14 14 14 14 14 14 14 13
Development & Promotions 10 10 10 10 9 9 9 9 9 9 8
Visitor Experience 13 12 12 14 16 16 15 16 16 18 20
111 102 103 106 108 108 106 108 108 110 111 - -
202 - Motor Vehicle Highway
Streets/Traffic & Lighting 57 55 56 56 55 55 55 55 53 55 53
Curb & Sidewalk 8 7 7 8 8 8 7 9 9 7 7
65 62 63 64 63 63 62 64 62 62 60 - -
211 - Dept of Community Investment Operating
Community Investment 26 23 23 24 26 26 26 27 26 26 26
Historic Preservation 2 2 2 2 2 2 2 2 2 2 2
Office of Sustainability 2 2 2 2 2 2 2 2 2 2 2
30 27 27 28 30 30 30 31 30 30 30 - -
October 31, 2025
City of South Bend
Staffing Headcount
October 31, 2025
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 1 1 1 1 1 - - -
222 - Central Services
Equipment Services 30 29 29 29 28 28 27 28 30 29 30
Radio Shop 3 2 2 2 2 2 2 2 2 2 2
Building Maintenance 3 3 3 3 3 3 3 2 3 3 4
Facilities Management 2 1 1 1 1 1 1 1 1 1 1
38 35 35 35 34 34 33 33 36 35 37 - -
230 - Code Enforcement Fund
Neighborhood Services 37 27 28 29 32 32 31 32 32 32 33
Animal Resource Center 10 8 8 8 8 8 9 8 8 8 8
47 35 36 37 40 40 40 40 40 40 41 - -
258 - Human Rights Federal Grants
EEOC 1 1 1 1 1 1 1 1 1 1 1
HUD 1 1 1 1 1 1 1 1 1 1 1
2 2 2 2 2 2 2 2 2 2 2 - -
279 - IT / Innovation / 311 Call Center
311 Call Center 15 15 15 15 16 16 16 16 16 17 17
Innovation & Technology 32 29 29 31 30 30 30 30 31 31 31
47 44 44 46 46 46 46 46 47 48 48 - -
600 - Consolidated Building Fund
Building Department 17 15 15 15 15 15 17 15 15 14 15
602 - Morris Performing Arts Center Operations
Morris Performing Arts Center 8 8 8 8 8 8 8 8 8 8 8
610 - Solid Waste
Solid Waste 25 23 24 24 24 24 25 24 24 25 25
620 - Water Works
Water Works 65 60 60 60 57 57 54 57 57 57 59
640 - Sewer Insurance
Sewer Repair 2 2 2 2 2 2 2 2 2 2 2
City of South Bend
Staffing Headcount
October 31, 2025
Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
641 - Sewage Works
Sewers 35 31 31 31 31 31 33 30 31 34 33
Concrete Crew 4 4 4 4 3 3 3 3 3 3 4
Wastewater 45 43 42 44 44 44 44 44 43 44 42
Organic Resources 7 4 4 4 5 5 5 5 5 5 5
91 82 81 83 83 83 85 82 82 86 84 - -
667 - Storm Sewer
Storm Sewer - - - - - - - - - - 1
670 - Century Center
Century Center 7 5 5 5 5 5 5 5 5 5 5
Total Full-Time Employees by Fund 1,227 1,118 1,122 1,138 1,164 1,164 1,155 1,160 1,156 1,172 1,178 - -
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 8 8 8 8 8 8 8 8 8 7 - -
City Clerk 4 1 1 2 4 4 4 4 4 4 4 - -
Community Police Review Board 1 1 1 1 1 1 1 1 1 1 1 - -
Common Council 11 - - - 9 9 9 9 9 9 9 - -
Controller's Office 24 21 21 21 23 23 21 23 21 22 23 - -
Human Resources 7 6 6 6 6 6 6 6 7 7 7 - -
Diversity & Inclusion 3 2 2 2 2 2 2 2 2 2 2 - -
Human Rights 8 6 6 6 8 8 8 8 8 8 8 - -
Legal Department 13 11 13 13 11 11 12 12 12 12 13 - -
Central Services 38 35 35 35 34 34 33 33 36 35 37 - -
117 91 93 94 106 106 104 106 108 108 111 - -
Public Works
Engineering 29 23 23 25 25 25 25 25 25 27 26 - -
Streets & Sewers 106 99 100 101 99 99 100 99 98 101 99 - -
Solid Waste 25 23 24 24 24 24 25 24 24 25 25 - -
Wastewater 45 43 42 44 44 44 44 44 43 44 42 - -
Organic Resources 7 4 4 4 5 5 5 5 5 5 5 - -
Water Works 65 60 60 60 57 57 54 57 57 57 59 - -
277 252 253 258 254 254 253 254 252 259 256 - -
City of South Bend
Staffing Headcount
October 31, 2025
Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Public Safety
Police 257 244 292 293 301 301 293 297 295 299 303 - -
Fire/EMS 253 204 246 247 250 250 252 249 248 251 250 - -
510 448 538 540 551 551 545 546 543 550 553 - -
Venues, Parks & Arts
Parks & Recreation 111 102 103 106 108 108 106 108 108 110 111 - -
Morris Performing Arts Center 8 8 8 8 8 8 8 8 8 8 8 - -
Century Center 7 5 5 5 5 5 5 5 5 5 5 - -
Visitor Experience 13 12 12 14 - 16 15 16 16 18 20 - -
139 127 128 119 121 121 119 121 121 123 124 - -
Department of Community Investment
Community Investment 28 25 25 26 28 28 28 29 28 28 28 - -
Office of Sustainability 2 2 2 2 2 2 2 2 2 2 2 - -
Neighborhood Services 37 28 29 30 - 33 32 33 32 32 33 - -
Animal Resource Center 10 8 8 8 8 8 9 8 8 8 8 - -
Building Department 17 15 15 15 15 15 17 15 15 14 15 - -
94 78 79 81 53 86 88 87 85 84 86 - -
Department of Innovation & Technology 47 44 44 46 46 46 46 46 47 48 48 - -
Total Full-Time Employees by Activity 1,184 1,040 1,135 1,138 1,131 1,164 1,155 1,160 1,156 1,172 1,178 - -
City of South Bend
Staffing Headcount
October 31, 2025
Part-Time Staffing Summary by Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
101 - General Fund
Commmunity Initiatives - - - - - - - - - -
City Clerk - - - 1 - 1 1 2 - -
Common Council - - - - - 1 1 1 1 1
Controller's Office - - - - - - - 1 1 -
Human Resources - - - - - - - - - -
Diversity & Inclusion - - - - - - - - - -
Human Rights - - - - - - - - - -
Mayor's Office - - - - - - - 2 - -
Legal Department - - - - - - - - - -
Engineering 2 2 2 2 2 2 2 2 2 2
Police Department 23 23 23 29 29 33 32 26 26 28
Police Crime Lab - - - - - - - - - -
Fire Department 1 1 1 1 1 1 1 1 1 1
26 26 26 33 32 38 37 35 31 32 - -
201 - Parks & Recreation
Administration - 1 1 - - - - - - -
Commmunity Initiatives 12 13 12 25 25 24 25 24 24 19
Maintenance 19 19 22 26 26 26 25 23 23 25
Golf Courses 6 23 45 74 74 70 74 72 72 71
Recreational Experiences 8 7 8 16 16 16 16 16 17 14
Community Programming 13 12 12 16 16 16 16 15 15 12
Development & Promotions - - - - - - - - - -
Visitor Experience 5 5 13 17 17 18 17 18 18 26
63 80 113 174 174 170 173 168 169 167 - -
202 - Motor Vehicle Highway
Streets/Traffic & Lighting 5 5 5 5 5 5 5 5 5 5
Curb & Sidewalk 1 1 1 - - - - - - -
6 6 6 5 5 5 5 5 5 5 - -
211 - Department of Community Investment
Community Investment - - - - - - - - - -
Historic Preservation - - - - - - - - - -
- - - - - - - - - - - -
222 - Central Services
Equipment Services - 1 1 - - 1 - 1 1 1
Radio Shop - - - - - - - - - -
Building Maintenance 1 1 1 1 1 1 1 1 1 1
1 2 2 1 1 2 1 2 2 2 - -
City of South Bend
Staffing Headcount
October 31, 2025
230 - Code Enforcement Fund
Neighborhood Services - - - 3 3 - 3 3 4 3
Animal Resource Center 3 3 3 1 1 1 1 1 1 1
3 3 3 4 4 1 4 4 5 4 - -
279 - IT / Innovation / 311 Call Center
311 Call Center - - - 1 1 1 1 1 - -
Innovation & Technology 1 1 1 - - - - - - -
1 1 1 1 1 1 1 1 - - - -
600 - Consolidated Building Fund
Building Department - - - - - - - - - -
602 - Morris Performing Arts Center Operations
Morris Performing Arts Center 13 21 21 23 23 23 23 22 22 22
610 - Solid Waste
Solid Waste - - - - - - - - -
620 - Water Works
Water Works - - - - - - - - -
641 - Sewage Works
Sewers 3 3 3 4 4 4 4 4 3 4
Concrete Crew - - - - - - - - - -
Wastewater 1 1 1 - - - - - - -
Organic Resources - - - 1 1 1 1 1 1 1
4 4 4 5 5 5 5 5 4 5 - -
670 - Century Center
Century Center 2 2 2 2 2 2 2 2 2 2
Total Part-Time Employees by Fund 119 145 178 248 247 247 251 244 240 239 - -
Paid Temporary, Seasonal, and Intern Staffing Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
101 - General Fund
Mayor's Office 1 4 3 3 12 12 12 8 13 12
City Clerk - 2 2 2 2 2 2 1 2 2
Common Council - - - - - - - 1 4 4
Controller's Office - - - - - - - - - 1
Human Resources - - - - - - - - - -
Diversity & Inclusion - - - 1 1 1 1 1 1 1
Legal Department 1 - - 2 3 3 3 1 1 -
Engineering - - - 6 6 6 6 - - -
Police Department 10 1 2 1 40 40 31 4 4 3
Police Crime Lab - 1 1 1 1 1 1 - - -
Fire Department 13 - - - 1 1 1 1 - -
EMS - - - - - - - - - -
25 8 8 16 66 66 57 17 25 23 - -
City of South Bend
Staffing Headcount
October 31, 2025
201 - Parks & Recreation
Administration - - - - - - - - - -
Community Initiatives - - - - - 11 11 11 11 11
Maintenance 2 3 8 - 9 9 10 9 9 4
Golf Courses - 2 1 - 3 3 3 3 4 4
Recreational Experiences 5 33 34 - 84 82 84 83 82 40
Community Programming 1 1 1 25 29 29 29 25 18 18
Development & Promotions - - - - - - - - - -
Visitor Experience - - 1 - 6 6 6 1 1 -
8 39 45 25 131 140 143 132 125 77 - -
202 - Motor Vehicle Highway
Streets/Traffic & Lighting 1 - - - 6 6 8 4 6 4
Curb & Sidewalk - - - - 2 2 2 2 1 1
1 - - - 8 8 10 6 7 5 - -
211 - Department of Community Investment
DCI 4 - - 1 1 1 1 - - -
222 - Central Services
Equipment Services 1 - - - - - - - - -
Building Maintenance - - - - - - - - - -
Radio Shop - - - - - - - - - -
1 - - - - - - - - - - -
230 - Code Enforcement Fund
Neighborhood Services 2 - - - - - - - - -
Animal Resource Center - - - - - - - - - -
2 - - - - - - - - - - -
279 - IT / Innovation / 311 Call Center
311 Call Center - - - 2 2 2 2 2 - -
Innovation & Technology - 1 3 7 7 7 7 6 6 5
- 1 3 9 9 9 9 8 6 5 - -
610 - Solid Waste
Solid Waste 2 - - - - - - - - -
620 - Water Works
Water Works 2 - - - 4 4 4 2 2 1
640 - Sewer Insurance
Sewer Repair - - - - - - - - - -
City of South Bend
Staffing Headcount
October 31, 2025
641 - Sewage Works
Sewers 1 1 1 - 7 8 7 2 6 6
Concrete Crew 1 - - - - - - - - -
Wastewater 1 - - - 1 1 1 1 - -
Organic Resources 2 - - - - - - - - -
5 1 1 - 8 9 8 3 6 6 - -
655 - Project ReLeaf
Leaf Pickup - - - - - - - - - 14
Total Paid Temporary, Seasonal, and Intern Staff 50 49 57 51 227 237 232 168 171 131 - -
Staffing Summary
Budget
Full-
Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Full Time Staff 1,227 1,118 1,122 1,138 1,164 1,164 1,155 1,160 1,156 1,172 1,178 - -
Part Time Staff 119 145 178 248 247 247 251 244 240 239 - -
Temporary / Seasonal 50 49 57 51 227 237 232 168 171 131 - -
City Total 1,227 1,287 1,316 1,373 1,463 1,638 1,639 1,643 1,568 1,583 1,548 - -
City of South Bend, Indiana
Monthly Financial Report
October 31, 2025
Fund Name General Fund Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 45,635,698 48,636,181 48,636,181 53,563,962 53,563,962 30,187,115 30,187,115 23,376,847 56%
Local Income Taxes - 14,189,571 14,189,571 13,285,318 13,285,318 10,868,318 10,868,318 2,417,000 82%
Intergov./ Shared Revenues 2,186,019 4,032,969 4,032,969 5,215,827 5,215,827 2,000,749 2,000,749 3,215,078 38%
Intergov./ Grants - - - - - - - - -
Licenses & Permits 319,288 219,971 219,971 273,512 273,512 255,808 255,808 17,704 94%
Charges for Services 4,838,529 5,630,413 5,630,413 4,580,267 6,530,267 5,501,612 5,501,612 1,028,655 84%
Fines, Forfeitures, and Fees 4,911 9,045 9,045 5,000 5,000 1,690 1,690 3,310 34%
Interest Earnings 576,610 2,940,561 2,940,561 1,070,485 1,070,485 2,943,336 2,943,336 (1,872,852) 275%
Donations 1,358,100 1,726,912 1,726,912 - - 2,087,549 2,087,549 (2,087,549) -
Other Income 1,352,986 1,400,222 1,400,222 1,231,000 1,236,880 1,145,960 1,145,960 90,920 93%
Interfund Allocation Reimb 10,544,420 10,597,451 10,597,451 11,676,027 11,676,027 9,730,023 9,730,023 1,946,004 83%
Interfund Transfers In - 13,865,143 13,865,143 575,000 575,000 479,167 479,167 95,833 83%
PILOT 6,079,325 6,095,594 6,095,594 5,765,661 5,765,661 5,765,661 5,765,661 - 100%
Debt Proceedings - 1,827,500 1,827,500 2,176,000 2,176,000 2,516,000 2,516,000 (340,000) 116%
Total Revenue 72,895,886 111,171,535 111,171,535 99,418,059 101,373,939 73,482,989 - 73,482,989 27,890,950 72%
Expenditures by Subdivisions
Mayor 993,329 970,586 1,052,036 1,253,668 1,253,668 933,554 194 933,748 319,920 74%
Community Initiatives 1,310,361 - - - - - - - - -
Community Police Review Office - 58,461 100,999 131,095 139,095 94,734 - 94,734 44,361 68%
City Clerk 588,712 550,428 539,960 629,328 649,328 440,268 8,995 449,264 200,064 69%
Common Council 552,768 650,968 600,357 1,103,064 1,103,064 599,763 58,737 658,499 444,565 60%
Youth Council - - 7,464 12,000 12,000 6,815 - 6,815 5,185 57%
General City 8,855,411 11,084,877 9,205,279 23,703,879 23,703,879 7,732,192 8,996,887 16,729,078 6,974,801 71%
Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,595,423 2,976,969 96,764 3,073,732 521,691 85%
Human Resources 623,506 774,441 857,259 1,007,893 1,007,893 698,517 620 699,137 308,756 69%
Diversity & Inclusion 431,572 402,397 538,121 745,807 745,807 420,266 984 421,249 324,557 56%
Human Rights General 392,895 325,254 552,311 785,066 841,744 528,451 7,478 535,929 305,816 64%
Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,567,883 6,904 1,574,787 624,322 72%
Police General 9,084,025 40,788,073 40,187,026 47,124,915 47,751,325 36,614,795 638,663 37,253,458 10,497,867 78%
Crime Lab 206,430 837,475 899,435 1,049,529 1,049,529 723,586 938 724,525 325,004 69%
Police Other - - - - - - - - - -
Fire General 5,925,780 29,914,764 29,724,270 31,423,348 33,823,348 28,528,396 543,179 29,071,575 4,751,773 86%
EMS 1,119,302 1,396,009 902,300 835,790 985,790 797,789 154,253 952,042 33,749 97%
Fire Training Center 54,797 71,739 89,391 85,450 85,450 97,682 - 97,682 (12,232) 114%
Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 4,500,000 - 4,500,000 (400,000) 110%
Park Maintenance - 1,891,368 1,723,084 1,021,813 1,021,813 750,615 165,873 916,488 105,326 90%
Repairs & Maint-Other R&M - 48,047 7,939 28 2,500,028 - - - 2,500,028 0%
Morris PAC 643,333 184 - - - (990) - (990) 990 -
Palais Royale 177,972 182,642 167,297 234,072 234,072 141,192 20,768 161,960 72,112 69%
Engineering 2,950,633 3,408,849 3,859,565 5,236,328 5,267,228 3,426,867 206,037 3,632,904 1,634,324 69%
Sustainability 67,037 - - 33,000 33,000 462 33,000 33,462 (462) 101%
AmeriCorps - - - - - - - - - -
Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 3,750,000 - 3,750,000 750,000 83%
Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 1,333,333 - 1,333,333 266,667 83%
Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 1,028,449 - 1,028,449 371,551 73%
Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 139,602,593 97,691,586 10,940,273 108,631,859 30,970,735 78%
Expenditures by Type
Personnel
Salaries & Wages 7,304,533 44,671,983 41,804,149 45,389,114 48,001,284 39,983,962 - 39,983,962 8,017,322 83%
Fringe Benefits 2,089,310 17,058,576 18,205,663 23,021,494 22,036,980 16,562,777 520 16,563,297 5,473,683 75%
Other Personnel Costs - - - - - - - - - -
Total Personnel 9,393,843 61,730,559 60,009,812 68,410,608 70,038,264 56,546,739 520 56,547,259 13,491,005 81%
Supplies 2,675,311 2,708,357 3,224,349 3,901,424 4,061,424 2,782,496 274,139 3,056,634 1,004,789 75%
Services & Charges
Professional Services 1,907,475 2,667,148 2,371,140 3,170,353 3,005,870 2,076,505 869,209 2,945,714 60,155 98%
Printing & Advertising 342,749 205,374 184,178 347,511 382,006 162,975 10,431 173,407 208,600 45%
Utilities 591,906 1,895,474 1,978,372 646,509 2,046,363 1,706,123 - 1,706,123 340,240 83%
Repairs & Maintenance 3,151,159 3,632,029 3,895,675 3,117,559 6,341,599 3,738,477 347,184 4,085,661 2,255,939 64%
Education & Training 234,178 215,268 248,381 381,934 362,942 261,955 12,849 274,804 88,138 76%
Travel 48,457 82,894 108,540 97,585 101,429 62,324 13,321 75,645 25,784 75%
Grants & Subsidies 482,415 9,970 16,801 357,000 357,000 15,261 600 15,861 341,139 4%
Other Services & Charges 7,148,007 11,397,381 8,372,717 14,441,662 14,392,222 4,373,244 4,340,901 8,714,145 5,678,077 61%
Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 1,138,686 - 1,138,686 1,834,581 38%
Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 150,260 - 150,260 127,767 54%
Total Services & Charges 13,906,347 20,305,229 17,868,621 25,811,407 30,240,725 13,685,810 5,594,495 19,280,306 10,960,420 64%
Operating Expenditures 25,975,501 84,744,145 81,102,782 98,123,438 104,340,413 73,015,045 5,869,154 78,884,199 25,456,214 76%
Capital 181,068 3,571,224 5,157,047 12,712,371 13,338,781 5,187,952 5,071,119 10,259,072 3,079,710 77%
Bad Debt 930 1,016 1,409 - - 550 - 550 (550) -
Interfund
Interfund Allocations 9,701,661 9,662,209 10,885,357 11,717,052 11,723,194 9,904,705 - 9,904,705 1,818,488 84%
Interfund Transfers Out 1,731,794 11,053,062 13,100,000 10,200,206 10,200,206 9,583,333 - 9,583,333 616,872 94%
Total Interfund 11,433,455 20,715,271 23,985,357 21,917,257 21,923,399 19,488,039 - 19,488,039 2,435,360 89%
Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 139,602,593 97,691,586 10,940,273 108,631,859 30,970,734 78%
Net Surplus / (Deficit) 35,304,932 2,139,879 924,941 (33,335,008) (38,228,655) (24,208,597) (35,148,870)
Beginning Cash Balance 54,208,073 53,544,921 54,208,073 54,208,073
Cash Adjustments (35,968,084) (1,476,727) 36,278,438 -
Ending Cash Balance 53,544,921 54,208,073 91,411,452 15,979,419 67,316,125
Cash Reserves Target 18,795,477 54,515,828 55,123,297 69,801,297
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
October 31, 2025
Fund Name General Fund Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 993,329 970,586 1,052,036 1,253,668 1,253,668 933,554 194 933,748 319,920 74%
Community Initiatives 1,310,361 - - - - - - - - -
Community Police Review Office - 58,461 100,999 131,095 139,095 94,734 - 94,734 44,361 68%
City Clerk 588,712 550,428 539,960 629,328 649,328 440,268 8,995 449,264 200,064 69%
Common Council 552,768 650,968 600,357 1,103,064 1,103,064 599,763 58,737 658,499 444,565 60%
Youth Council - - 7,464 12,000 12,000 6,815 - 6,815 5,185 57%
General City 8,855,411 2,272,466 (1,569,796) 22,945,641 10,515,343 5,360,679 4,956,678 10,317,357 197,986 98%
American Rescue Plan - 8,812,411 10,775,075 758,238 13,188,536 2,371,512 4,040,209 6,411,721 6,776,814 49%
Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,595,423 2,976,969 96,764 3,073,732 521,691 85%
Human Resources 623,506 774,441 857,259 1,007,893 1,007,893 698,517 620 699,137 308,756 69%
Diversity & Inclusion 431,572 402,397 538,121 745,807 745,807 420,266 984 421,249 324,557 56%
Human Rights General 392,895 325,254 552,311 785,066 841,744 528,451 7,478 535,929 305,816 64%
Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,567,883 6,904 1,574,787 624,322 72%
Police General 9,084,025 40,788,073 40,187,026 47,124,915 47,751,325 36,614,795 638,663 37,253,458 10,497,867 78%
Crime Lab 206,430 837,475 899,435 1,049,529 1,049,529 723,586 938 724,525 325,004 69%
- - - - - - - - - -
Fire General 5,925,780 29,914,764 29,724,270 31,423,348 33,823,348 28,528,396 543,179 29,071,575 4,751,773 86%
EMS 1,119,302 1,396,009 902,300 835,790 985,790 797,789 154,253 952,042 33,749 97%
Fire Training Center 54,797 71,739 89,391 85,450 85,450 97,682 - 97,682 (12,232) 114%
Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 4,500,000 - 4,500,000 (400,000) 110%
Park Maintenance - 1,891,368 1,723,084 1,021,813 1,021,813 750,615 165,873 916,488 105,326 90%
Repairs & Maint-Other R&M - 48,047 7,939 28 2,500,028 - - - 2,500,028 0%
Morris PAC 643,333 184 - - - (990) - (990) 990 -
Palais Royale 177,972 182,642 167,297 234,072 234,072 141,192 20,768 161,960 72,112 69%
Engineering 2,950,633 3,408,849 3,859,565 5,236,328 5,267,228 3,426,867 206,037 3,632,904 1,634,324 69%
Sustainability 67,037 - - 33,000 33,000 462 33,000 33,462 (462) 101%
AmeriCorps - - - - - - - - - -
Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 3,750,000 - 3,750,000 750,000 83%
Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 1,333,333 - 1,333,333 266,667 83%
Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 1,028,449 - 1,028,449 371,551 73%
- - - - - - - - - -
Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 139,602,593 97,691,586 10,940,273 108,631,859 30,970,734 78%
NOTE: For more detail, see department and division summary pages that follow.
City of South Bend, Indiana
Monthly Financial Report
October 31, 2025
Department Name Mayor's Office Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 605,133 565,832 616,448 702,854 702,854 562,715 - 562,715 140,139 80%
Fringe Benefits 203,482 187,410 188,047 270,712 270,403 155,873 - 155,873 114,530 58%
Total Personnel 808,615 753,241 804,496 973,566 973,257 718,588 - 718,588 254,669 74%
Supplies 2,706 3,655 5,343 5,523 5,523 3,685 - 3,685 1,838 67%
Services & Charges
Professional Services - 6,946 2,738 7,000 5,900 1,479 194 1,673 4,227 28%
Printing & Advertising 36,431 42,991 53,303 48,013 48,313 36,461 - 36,461 11,852 75%
Repairs & Maintenance 33 - - 300 - - - - - -
Education & Training - - - - - - - - - -
Travel 474 1,706 44 5,000 5,000 1,513 - 1,513 3,487 30%
Other Services & Charges 9,329 3,000 671 2,700 3,800 2,357 - 2,357 1,443 62%
Total Services & Charges 46,268 54,642 56,756 63,013 63,013 41,810 194 42,004 21,009 67%
Operating Expenditures 857,588 811,538 866,594 1,042,103 1,041,794 764,083 194 764,277 277,516 73%
Interfund Allocations 135,741 159,047 185,442 211,564 211,873 169,471 - 169,471 42,403 80%
Total Expenditures 993,329 970,586 1,052,036 1,253,668 1,253,668 933,554 194 933,748 319,919 74%
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
October 31, 2025
Division Name Community Initiatives Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 289,438 - - - - - - - - -
Fringe Benefits 123,535 - - - - - - - - -
Total Personnel 412,973 - - - - - - - - -
Supplies - - - - - - - - - -
Services & Charges
Professional Services 351,000 - - - - - - - - -
Printing & Advertising 9,331 - - - - - - - - -
Education & Training 38,737 - - - - - - - - -
Travel 1,775 - - - - - - - - -
Grant & Subsidies 461,250 - - - - - - - - -
Other Services & Charges 143 - - - - - - - - -
Total Services & Charges 862,236 - - - - - - - - -
Operating Expenditures 1,275,209 - - - - - - - - -
Interfund Allocations 35,152 - - - - - - - - -
Total Expenditures 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
October 31, 2025
Division Name Community Police Review Office Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - 42,244 72,604 74,803 73,684 61,520 - 61,520 12,164 83%
Fringe Benefits - 16,101 28,180 31,517 32,626 27,345 - 27,345 5,282 84%
Total Personnel - 58,345 100,785 106,320 106,310 88,865 - 88,865 17,446 84%
Supplies - - - 4,000 4,000 244 - 244 3,756 6%
Services & Charges
Professional Services - - - 11,000 14,248 156 - 156 14,092 1%
Travel - - - 4,000 4,000 2,575 - 2,575 1,425 64%
Repairs & Maintenance - - - - - - - - - -
Machinery & Equipment - 116 214 275 285 219 - 219 66 77%
Total Services & Charges - 116 214 20,775 28,785 5,625 - 5,625 23,160 20%
Operating Expenditures - 58,461 131,095 139,095 94,734 - 94,734 44,362 68%
Capital - -
Interfund Allocations - -
Total Expenditures - 58,461 100,999 131,095 139,095 94,734 - 94,734 44,362 68%
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
October 31, 2025
Department Name City Clerk Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 283,741 274,552 266,352 284,128 299,282 219,986 - 219,986 79,296 74%
Fringe Benefits 89,875 78,663 80,928 123,760 108,606 56,778 520 57,298 51,308 53%
Total Personnel 373,617 353,215 347,280 407,888 407,888 276,763 520 277,283 130,604 68%
Supplies 4,316 9,689 9,263 13,708 23,708 19,616 - 19,616 4,091 83%
Services & Charges
Professional Services 18,448 3,763 33,432 30,000 17,000 11,786 44 11,830 5,170 70%
Printing & Advertising 20,366 39,458 25,157 33,293 49,220 41,840 7,744 49,583 (364) 101%
Repairs & Maintenance 8,778 1,746 6,203 5,000 5,735 5,021 688 5,708 27 100%
Education & Training - - - - - - - - - -
Travel - - - - - - - - - -
Other Services & Charges 8,211 16,405 16,201 22,500 28,838 15,963 - 15,963 12,875 55%
Bad Debt Expense 100 (100) - - - - - - - -
Total Services & Charges 55,903 61,271 80,993 90,793 100,793 74,609 8,475 83,084 17,708 82%
Operating Expenditures 433,836 424,175 437,536 512,388 532,388 370,988 8,995 379,984 152,403 71%
Interfund Allocations 154,876 126,253 102,425 116,940 116,940 69,280 - 69,280 47,660 59%
Total Expenditures 588,712 550,428 539,960 629,328 649,328 440,268 8,995 449,264 200,063 69%
Revenue
Other Income 451 65 65 - - 22 22 (22) -
Interfund Transfers In - - - - - - - - -
Charges for Svcs-Alley Vaca Charges - - - - - - - - -
Total Revenue 451 65 65 - - 22 - 22 (22) -
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
October 31, 2025
Department Name Common Council Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 203,103 205,665 211,052 393,126 393,609 199,183 - 199,183 194,426 51%
Fringe Benefits 106,163 115,052 93,881 258,399 257,916 73,909 - 73,909 184,007 29%
Total Personnel 309,265 320,717 304,934 651,525 651,525 273,092 - 273,092 378,433 42%
Supplies 2,496 1,893 5,773 5,000 5,000 4,871 - 4,871 129 97%
Services & Charges
Professional Services 166,913 230,653 188,504 307,195 315,695 222,810 57,403 280,213 35,482 89%
Printing & Advertising 9,466 15,405 18,362 26,500 31,000 27,526 - 27,526 3,474 89%
Repairs & Maintenance 7,340 7,240 6,471 5,000 8,150 7,456 688 8,143 7 100%
Education & Training 1,557 2,961 1,878 7,500 2,154 1,785 - 1,785 369 83%
Travel - - - - - - - - - -
Other Services & Charges 12,201 20,900 10,953 27,800 16,996 8,808 646 9,454 7,542 56%
Total Services & Charges 197,477 277,159 226,167 373,995 373,995 268,385 58,737 327,121 46,874 87%
Operating Expenditures 509,239 599,769 536,874 1,030,520 1,030,520 546,348 58,737 605,084 425,436 59%
Interfund Allocations 43,529 51,198 63,484 72,544 72,544 53,415 - 53,415 19,129 74%
Total Expenditures 552,768 650,968 600,357 1,103,064 1,103,064 599,763 58,737 658,499 444,565 60%
Revenue
Other Income - 749 749 - - 139 139 (139) -
Interfund Transfers In - - - - - - - - -
Total Revenue - 749 749 - - 139 139 (139) -
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
October 31, 2025
Division Name Controller's Office Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,238,276 1,449,697 1,547,252 1,925,630 1,871,876 1,532,673 - 1,532,673 339,203 82%
Fringe Benefits 430,563 499,994 560,891 786,389 632,806 460,933 - 460,933 171,874 73%
Total Personnel 1,668,839 1,949,691 2,108,143 2,712,019 2,504,682 1,993,606 - 1,993,606 511,077 80%
Supplies 8,278 11,893 10,524 17,315 17,315 8,300 2,400 10,700 6,615 62%
Services & Charges
Professional Services 257,437 345,764 452,505 878,213 660,751 651,095 87,907 739,002 (78,252) 112%
Printing & Advertising 2,184 2,860 714 3,000 1,487 1,042 - 1,042 445 70%
Repairs & Maintenance 202 7,857 4,538 2,500 3,924 3,824 - 3,824 100 97%
Education & Training 1,504 3,583 14,984 15,000 15,000 4,050 4,940 8,990 6,010 60%
Travel 1,784 1,019 7,646 9,000 7,629 2,620 1,337 3,957 3,672 52%
Other Services & Charges 18,030 15,313 11,599 13,940 15,400 12,014 180 12,194 3,206 79%
Total Services & Charges 281,141 376,395 491,986 921,653 704,191 674,645 94,364 769,009 (64,819) 109%
Operating Expenditures 1,958,259 2,337,978 2,610,652 3,650,987 3,226,188 2,676,551 96,764 2,773,315 452,873 86%
Bad Debt - - - - - - - - - -
Interfund Allocations 180,392 256,504 325,681 368,106 369,235 300,418 - 300,418 68,817 81%
Total Expenditures 2,138,651 2,594,482 2,936,333 4,019,093 3,595,423 2,976,969 96,764 3,073,732 521,690 85%
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
October 31, 2025
Division Name Human Resources Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 348,620 456,149 501,578 542,094 542,094 397,799 - 397,799 144,295 73%
Fringe Benefits 120,229 166,913 187,389 223,763 223,763 123,931 - 123,931 99,833 55%
Total Personnel 468,849 623,062 688,967 765,857 765,857 521,730 - 521,730 244,128 68%
Supplies 7,263 8,124 9,045 24,490 24,490 17,331 619 17,950 6,540 73%
Services & Charges
Professional Services 315 2,115 3,884 1,000 4,990 4,836 - 4,836 154 97%
Printing & Advertising 1,668 3,487 2,057 6,500 6,500 637 - 637 5,863 10%
Repairs & Maintenance 450 1,120 140 - - - - - - -
Education & Training 14,363 10,198 8,129 35,000 35,000 2,030 1 2,031 32,969 6%
Travel 2,507 4,109 1,524 6,000 6,000 893 - 893 5,107 15%
Other Services & Charges 3,681 4,206 5,138 10,000 6,010 1,128 - 1,128 4,882 19%
Total Services & Charges 22,984 25,234 20,872 58,500 58,500 9,524 1 9,525 48,975 16%
Operating Expenditures 499,096 656,421 718,884 848,847 848,847 548,585 620 549,205 299,643 65%
Interfund Allocations 124,410 118,020 138,375 159,046 159,046 149,932 - 149,932 9,114 94%
Total Expenditures 623,506 774,441 857,259 1,007,893 1,007,893 698,517 620 699,137 308,757 69%
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
October 31, 2025
Division Name Diversity & Inclusion Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 150,127 165,019 211,582 271,608 271,608 160,743 - 160,743 110,865 59%
Fringe Benefits 36,526 47,264 72,325 100,834 100,834 44,385 - 44,385 56,449 44%
Total Personnel 186,653 212,283 283,906 372,442 372,442 205,128 - 205,128 167,314 55%
Supplies 389 1,854 2,890 2,500 2,500 1,040 - 1,040 1,460 42%
Services & Charges
Professional Services 156,689 50,000 100,417 110,200 110,200 82,978 140 83,118 27,082 75%
Printing & Advertising 1,960 14,834 14,009 18,500 16,996 6,023 - 6,023 10,973 35%
Repairs & Maintenance - - 1,084 - - - - - - -
Education & Training 595 14,297 8,439 100,000 96,900 20,552 844 21,396 75,504 22%
Travel 1,862 8,129 16,978 10,000 15,444 9,254 - 9,254 6,190 60%
Other Services & Charges 1,155 50 1,384 8,000 7,160 1,074 - 1,074 6,086 15%
Machinery & Equipment - - - - - - - - - -
Total Services & Charges 162,261 87,309 142,312 246,700 246,700 119,882 984 120,866 125,835 49%
Operating Expenditures 349,303 301,446 429,108 621,642 621,642 326,050 984 327,034 294,609 53%
Interfund Allocations 82,269 100,951 109,013 124,165 124,165 94,215 - 94,215 29,950 76%
Total Expenditures 431,572 402,397 538,121 745,807 745,807 420,266 984 421,249 324,559 56%
Revenue
Charges for Services - - - - - 280 280 (280) -
Other Income - - - - - - - - -
Donations - - - - - - - - -
Total Revenue - - - - 280 280 (280) -
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
October 31, 2025
Division Name Human Rights Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 196,677 141,006 253,672 404,762 453,913 284,619 - 284,619 169,294 63%
Fringe Benefits 68,742 46,554 94,573 180,601 144,348 84,137 - 84,137 60,212 58%
Total Personnel 265,418 187,560 348,245 585,363 598,261 368,756 - 368,756 229,506 62%
Supplies 1,980 2,497 4,506 5,500 5,500 4,345 - 4,345 1,155 79%
Services & Charges
Professional Services - 1,079 10,521 13,969 34,410 12,754 1,870 14,624 19,785 43%
Printing & Advertising 23,554 2,740 25,679 8,000 18,285 8,187 500 8,687 9,598 48%
Repairs & Maintenance 7,982 6,972 14,514 10,000 13,531 10,829 - 10,829 2,703 80%
Education & Training 1,681 3,496 5,956 8,000 7,189 3,475 - 3,475 3,714 48%
Travel - 12,885 2,874 7,000 6,313 976 - 976 5,337 15%
Other Services & Charges 44,960 51,739 82,681 84,113 95,134 67,891 5,108 72,999 22,135 77%
Total Services & Charges 78,178 78,910 142,225 131,082 174,862 104,112 7,478 111,590 63,272 64%
Operating Expenditures 345,576 268,968 494,976 721,945 778,623 477,213 7,478 484,690 293,933 62%
Interfund Allocations 47,319 56,286 57,335 63,121 63,121 51,238 - 51,238 11,883 81%
Total Expenditures 392,895 325,254 552,311 785,066 841,744 528,451 7,478 535,929 305,816 64%
Revenue
Other Income 30,659 30,000 30,000 30,000 35,880 36,347 36,347 (467) 101%
Total Revenue 30,659 30,000 30,000 30,000 35,880 36,347 36,347 (467) 101%
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
October 31, 2025
Department Name Legal Department Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 952,878 1,042,113 1,113,399 1,258,928 1,318,082 992,909 - 992,909 325,173 75%
Fringe Benefits 307,331 338,313 332,493 459,975 481,823 297,831 - 297,831 183,992 62%
Total Personnel 1,260,209 1,380,426 1,445,892 1,718,903 1,799,905 1,290,740 - 1,290,740 509,165 72%
Supplies 4,919 3,312 5,472 9,000 9,000 5,514 129 5,644 3,356 63%
Services & Charges
Professional Services 3,780 884 27,368 10,000 10,000 52 22 74 9,927 1%
Other Professional Services - 30 - - - - - - - -
Printing & Advertising 170 - 150 1,140 1,140 630 - 630 510 55%
Repairs & Maintenance - - - 200 200 - - - 200 0%
Education & Training 9,450 17,518 5,308 15,000 14,700 8,543 - 8,543 6,157 58%
Travel 2,583 3,057 3,891 10,500 10,500 4,815 0 4,815 5,685 46%
Other Services & Charges 21,798 38,271 41,904 40,614 40,914 35,913 6,752 42,665 (1,751) 104%
Total Services & Charges 37,781 59,761 78,621 77,454 77,454 49,952 6,775 56,727 20,728 73%
Operating Expenditures 1,302,909 1,443,500 1,529,985 1,805,357 1,886,359 1,346,206 6,904 1,353,110 533,249 72%
Bad Debt - - - - - - - - - -
Interfund Allocations 171,530 137,943 274,116 312,544 312,750 221,677 - 221,677 91,073 71%
Total Expenditures 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,567,883 6,904 1,574,787 624,322 72%
Revenue
Charges for Services 93,627 96,436 96,436 101,316 101,316 76,732 76,732 24,584 76%
Other Income 794 153 153 - - - - - -
Interfund Allocation Reimb - - - - - - - - -
Total Revenue 94,421 96,589 96,589 101,316 101,316 76,732 76,732 24,584 76%
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
October 31, 2025
Division Name Engineering Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,734,557 1,910,499 2,101,148 2,547,167 2,560,518 1,881,947 - 1,881,947 678,571 73%
Fringe Benefits 601,900 630,051 682,563 1,006,206 988,367 563,533 - 563,533 424,833 57%
Total Personnel 2,336,457 2,540,550 2,783,711 3,553,373 3,548,885 2,445,481 - 2,445,481 1,103,404 69%
Supplies 11,798 141,529 114,563 396,085 396,085 17,988 6,244 24,231 371,853 6%
Services & Charges
Professional Services 81,144 148,601 209,055 404,500 435,400 248,214 162,996 411,210 24,190 94%
Printing & Advertising 6,215 5,697 7,214 9,132 15,632 9,319 138 9,456 6,176 60%
Repairs & Maintenance 5,623 4,649 8,303 27,854 43,354 7,661 28,664 36,326 7,028 84%
Education & Training 33,980 23,536 18,649 22,647 15,789 8,706 3,555 12,261 3,528 78%
Travel 7,452 9,885 17,063 15,555 16,013 16,251 - 16,251 (238) 101%
Other Services & Charges 8,069 61,175 67,437 109,544 93,944 75,660 4,441 80,101 13,842 85%
Debt Service Principal - - - - - - - - - -
Debt Service Interest & Fees - - - - - - - - - -
Capital Outlay - 29,380 - 1,078 1,078 - - - 1,078 0%
Total Services & Charges 142,483 282,923 327,721 590,310 621,210 365,812 199,794 565,605 55,604 91%
Operating Expenditures 2,490,737 2,965,002 3,225,996 4,539,767 4,566,179 2,829,280 206,037 3,035,317 1,530,861 66%
Bad Debt - - 25 - - - - - - -
Interfund Allocations 459,896 443,847 633,544 696,561 701,049 597,587 - 597,587 103,462 85%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 2,950,633 3,408,849 3,859,565 5,236,328 5,267,228 3,426,867 206,037 3,632,904 1,634,323 69%
Revenue
Licenses & Permits 177,070 82,125 82,125 127,257 127,257 111,570 111,570 15,687 88%
Charges for Services 196,000 198,000 198,000 205,999 205,999 153,890 153,890 52,109 75%
Fines 24 - - - - - - - -
Other Income 12,317 19,868 19,868 8,000 8,000 12,120 12,120 (4,120) 151%
Interfund Allocation Reimb 1,514,420 1,567,451 1,567,451 2,090,027 2,090,027 1,741,689 1,741,689 348,338 83%
Total Revenue 1,899,831 1,867,444 1,867,444 2,431,283 2,431,283 2,019,269 2,019,269 412,014 83%
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
October 31, 2025
Division Name Office of Sustainability Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Services & Charges
Professional Services - - - - 33,000 462 33,000 33,462 (462) 101%
Repairs & Maintenance - - - - - - - - - -
Education & Training - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - 33,000 462 33,000 33,462 (462) 101%
Operating Expenditures - - - - 33,000 462 33,000 33,462 (462) 101%
Capital - - - - - - - - - -
Interfund Allocations - - - - - - - - - -
Total Expenditures - - - - 33,000 462 33,000 33,462 (462) 101%
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
October 31, 2025
Division Name AmeriCorps Grant Program Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - - -
Services & Charges
Professional Services - - - - - - - - - -
Printing & Advertising - - - - - - - - - -
Education & Training - - - - - - - - - -
Travel - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Revenue
Intergov./ Grants - - - - - - - - -
Other Income - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue - - - - - - - - -
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
October 31, 2025
Department Name Police Department Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 504,324 20,025,388 18,675,261 20,126,077 20,916,327 17,439,155 - 17,439,155 3,477,172 83%
Fringe Benefits - 7,944,292 8,542,024 10,546,280 9,756,030 7,665,603 - 7,665,603 2,090,427 79%
Total Personnel 504,324 27,969,681 27,217,285 30,672,357 30,672,357 25,104,758 - 25,104,758 5,567,599 82%
Supplies 1,390,275 1,358,732 1,370,778 1,780,565 1,780,565 1,267,860 53,738 1,321,598 458,967 74%
Services & Charges
Professional Services 360,416 1,177,704 793,181 835,627 835,627 698,068 245,719 943,787 (108,160) 113%
Printing & Advertising 204,973 74,591 30,381 155,000 155,000 23,711 1,133 24,844 130,156 16%
Utilities 197,178 215,910 215,834 210,000 210,000 194,353 - 194,353 15,647 93%
Repairs & Maintenance 899,760 1,196,027 1,219,505 1,015,943 1,015,943 1,017,889 32,750 1,050,639 (34,696) 103%
Education & Training - 2,076 - - - - - - - -
Travel 573 7,697 - 250 250 - - - 250 0%
Grants & Subsidies 21,165 9,970 16,801 357,000 357,000 15,261 600 15,861 341,139 4%
Other Services & Charges 293,980 345,062 395,292 190,108 190,108 177,296 20,185 197,481 (7,373) 104%
Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 1,138,686 - 1,138,686 1,834,581 38%
Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 150,260 - 150,260 127,767 54%
Total Services & Charges 1,978,044 3,228,726 3,363,811 6,015,222 6,015,222 3,415,524 300,387 3,715,911 2,299,311 62%
Operating Expenditures 3,872,642 32,557,138 31,951,874 38,468,144 38,468,144 29,788,142 354,125 30,142,267 8,325,877 78%
Capital 52,630 3,287,851 2,610,882 2,589,783 3,216,193 1,588,945 284,538 1,873,483 1,342,710 58%
Bad Debt - - - - - - - - - -
Interfund Allocations 5,158,753 4,943,084 5,624,271 6,066,989 6,066,989 5,237,709 - 5,237,709 829,280 86%
Total Expenditures 9,084,025 40,788,073 40,187,026 47,124,915 47,751,325 36,614,795 638,663 37,253,458 10,497,867 78%
Revenue
Intergov./ Grants - - - - - - - - -
Charges for Services - - - - - - - - -
Other Income 386,767 505,716 505,716 469,000 469,000 529,362 529,362 (60,362) 113%
Donations - - - - - - - - -
Capital Lease Proceeds - 1,827,500 1,827,500 2,176,000 2,176,000 2,516,000 2,516,000 (340,000) 116%
Total Revenue 386,767 2,333,216 2,333,216 2,645,000 2,645,000 3,045,362 - 3,045,362 (400,362) 115%
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
October 31, 2025
Division Name Police Crime Lab Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - 465,255 480,571 512,764 512,764 402,508 - 402,508 110,256 78%
Fringe Benefits - 158,621 165,904 252,687 252,687 142,136 - 142,136 110,551 56%
Total Personnel - 623,875 646,475 765,451 765,451 544,644 - 544,644 220,807 71%
Supplies 14,951 18,860 14,842 18,233 18,233 13,112 938 14,050 4,183 77%
Services & Charges
Professional Services - - - - - - - - - -
Printing & Advertising - - - - - - - - - -
Education & Training - - - - - - - - - -
Travel - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Operating Expenditures 14,951 642,735 661,318 783,684 783,684 557,756 938 558,694 224,990 71%
Interfund Allocations 191,479 194,740 238,117 265,845 265,845 165,830 - 165,830 100,015 62%
Total Expenditures 206,430 837,475 899,435 1,049,529 1,049,529 723,586 938 724,525 325,005 69%
Revenue
Charges for Services 10,844 14,369 14,369 15,000 15,000 8,625 8,625 6,375 57%
Total Revenue 10,844 14,369 14,369 15,000 15,000 8,625 8,625 6,375 57%
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
October 31, 2025
Department Name Fire Department Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 62,956 16,950,271 15,498,990 16,122,037 17,822,037 15,632,782 - 15,632,782 2,189,255 88%
Fringe Benefits - 6,745,156 7,084,077 8,674,595 8,674,595 6,799,530 - 6,799,530 1,875,065 78%
Total Personnel 62,956 23,695,427 22,583,068 24,796,632 26,496,632 22,432,312 - 22,432,312 4,064,320 85%
Supplies 900,416 831,842 1,118,932 1,144,484 1,144,484 902,677 54,454 957,131 187,352 84%
Services & Charges
Professional Services 444,791 666,736 509,964 475,649 475,649 106,353 279,914 386,267 89,382 81%
Printing & Advertising 4,120 3,129 2,779 35,433 35,433 5,796 917 6,713 28,720 19%
Utilities 277,460 259,160 268,088 292,000 292,000 253,915 - 253,915 38,085 87%
Repairs & Maintenance 1,140,770 1,216,441 1,807,473 1,197,418 1,897,418 1,766,948 187,426 1,954,374 (56,956) 103%
Education & Training 132,088 133,566 181,788 171,787 171,787 212,764 3,510 216,274 (44,487) 126%
Travel 28,512 34,408 58,519 30,280 30,280 23,426 11,984 35,410 (5,130) 117%
Other Services & Charges 54,361 48,795 108,660 69,305 69,305 72,874 4,975 77,848 (8,543) 112%
Total Services & Charges 2,082,102 2,362,234 2,937,271 2,271,872 2,971,872 2,442,077 488,725 2,930,801 41,071 99%
Operating Expenditures 3,045,474 26,889,503 26,639,271 28,212,987 30,612,987 25,777,065 543,179 26,320,245 4,292,743 86%
Interfund Allocations 2,880,306 3,025,261 3,084,999 3,210,361 3,210,361 2,751,330 - 2,751,330 459,031 86%
Total Expenditures 5,925,780 29,914,764 29,724,270 31,423,348 33,823,348 28,528,396 543,179 29,071,575 4,751,774 86%
Revenue
Charges for Services 516 393 393 1,000 1,000 18 18 982 2%
Intergov./ Grants - - - - - - - - -
Licenses & Permits 29,308 24,914 24,914 26,000 26,000 20,106 20,106 5,894 77%
Donations 100 5,000 5,000 - - 500 500 (500) -
Other Income 24,510 18,823 18,823 1,000 1,000 14,478 14,478 (13,478) 1448%
Interfund Transfers In - - - - - - - - -
Total Revenue 54,434 49,130 49,130 28,000 28,000 35,102 35,102 (7,102) 125%
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
October 31, 2025
Division Name Emergency Medical Services Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 720,000 919,564 170,045 173,789 173,789 141,606 - 141,606 32,183 81%
Fringe Benefits - 79,700 85,965 101,863 101,863 61,109 - 61,109 40,754 60%
Total Personnel 720,000 999,264 256,010 275,652 275,652 202,715 - 202,715 72,937 74%
Supplies 295,674 277,728 502,443 441,139 591,139 475,085 153,543 628,627 (37,489) 106%
Services & Charges
Professional Services 43,132 26,696 39,573 51,000 51,000 23,991 - 23,991 27,009 47%
Printing & Advertising - - - - - - - - - -
Repairs & Maintenance 2,464 7,638 15,791 5,000 5,000 23,870 710 24,580 (19,580) 492%
Education & Training 199 4,037 2,960 4,000 4,000 - - - 4,000 0%
Other Services & Charges 57,003 79,024 83,600 59,000 59,000 71,019 - 71,019 (12,019) 120%
Total Services & Charges 102,798 117,394 141,924 119,000 119,000 118,879 710 119,589 (590) 100%
Operating Expenditures 1,118,472 1,394,386 900,377 835,790 985,790 796,680 154,253 950,932 34,858 96%
Bad Debt 830 1,116 1,384 - - 550 - 550 (550) -
Interfund Allocations - 507 539 - - 559 - 559 (559) -
Total Expenditures 1,119,302 1,396,009 902,300 835,790 985,790 797,789 154,253 952,042 33,749 97%
Revenue
Charges for Services 4,395,365 5,138,527 5,138,527 4,044,580 5,994,580 5,153,845 5,153,845 840,735 86%
Fines, Forfeitures, and Fees 12 - - - - - - - -
Intergov./ Grants - - - - - - - - -
Other Income 1,418 7,112 7,112 - - 151,891 151,891 (151,891) - Interfund Transfers In - - -
Total Revenue 4,396,795 5,145,639 5,145,639 4,044,580 5,994,580 5,305,736 5,305,736 688,844 89%
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
October 31, 2025
Division Name Fire Training Center Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 16,958 32,351 46,067 24,823 24,823 37,682 - 37,682 (12,859) 152%
Services & Charges
Professional Services 1,929 6,208 - 2,000 2,000 11,375 - 11,375 (9,375) 569%
Utilities 31,665 33,180 33,419 35,500 35,500 30,249 - 30,249 5,251 85%
Repairs & Maintenance 4,246 - 9,905 23,127 23,127 18,376 - 18,376 4,751 79%
Total Services & Charges 37,840 39,388 43,325 60,627 60,627 60,000 - 60,000 627 99%
Operating Expenditures 54,797 71,739 89,391 85,450 85,450 97,682 - 97,682 (12,232) 114%
Total Expenditures 54,797 71,739 89,391 85,450 85,450 97,682 - 97,682 (12,232) 114%
Revenue
Charges for Services 5,935 52,439 52,439 50,000 50,000 2,500 2,500 47,500 5%
Other Income 1,137 - - - - - - - -
Total Revenue 7,072 52,439 52,439 50,000 50,000 2,500 - 2,500 47,500 5%
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
October 31, 2025
Division Name Morris Performing Arts Center Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 8,435 - - - - - - - - -
Services & Charges
Professional Services 4,444 - - - - - - - - -
Printing & Advertising 22,310 184 - - - - - - - -
Utilities - - - - - - - - - -
Repairs & Maintenance 5,816 - - - - - - - - -
Education & Training 25 - - - - - - - - -
Travel 936 - - - - - - - - -
Other Services & Charges 1,367 - - - - (990) - (990) 990 -
Total Services & Charges 34,898 184 - - - (990) - (990) 990 -
Operating Expenditures 43,333 184 - - - (990) - (990) 990 -
Interfund
Interfund Allocations - - - - - - - - - -
Interfund Transfers Out 600,000 - - - - - - - - -
Interfund Total 600,000 - - - - - - - - -
Total Expenditures 643,333 184 - - - (990) - (990) 990 -
Revenue
Charges for Services - - - - - - - - -
Intergov./ Grants - - - - - - - - -
Other Income 54,878 - - - - - - - -
Interfund Allocation Reimb - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue 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
October 31, 2025
Division Name Palais Royale Ballroom Fund Number 101
Fund Type General Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,457 4,399 3,869 6,060 6,060 2,898 2,073 4,971 1,089 82%
Services & Charges
Professional Services - - - -
Printing & Advertising - - - - - - - - - -
Utilities 85,604 73,117 68,965 109,009 108,863 70,155 - 70,155 38,708 64%
Repairs & Maintenance 36,062 49,881 42,746 61,072 61,072 27,200 9,671 36,871 24,201 60%
Other Professional Services - - - - - 97 - 97 (97) -
Other Services & Charges 15,839 19,446 17,125 22,150 22,296 10,025 9,024 19,049 3,248 85%
Total Services & Charges 137,506 142,444 128,836 192,231 192,231 107,477 18,695 126,172 66,060 66%
Operating Expenditures 141,963 146,843 132,705 198,291 198,291 110,375 20,768 131,143 67,149 66%
Interfund
Interfund Allocations 36,009 35,799 34,593 35,781 35,781 30,817 - 30,817 4,963 86%
Interfund Total 36,009 35,799 34,593 35,781 35,781 30,817 - 30,817 4,963 86%
Total Expenditures 177,972 182,642 167,297 234,072 234,072 141,192 20,768 161,960 72,112 69%
Revenue
Charges for Services 133,138 128,149 128,149 159,972 159,972 104,072 104,072 55,900 65%
Other Income 4,299 634 634 - - - - - -
Total Revenue 137,437 128,783 128,783 159,972 159,972 104,072 104,072 55,900 65%
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
October 31, 2025
Fund Name Motor Vehicle Highway Fund Number 202
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 3,134,543 3,274,223 3,274,223 3,167,476 3,167,476 2,624,988 2,624,988 542,488 83%
Intergov./ Grants - - - - - - - - -
Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,800 2,800 (1,300) 187%
Charges for Services 112,415 89,847 89,847 160,500 160,500 94,376 94,376 66,124 59%
Interest Earnings 52,037 90,854 90,854 49,242 49,242 72,370 72,370 (23,128) 147%
Debt Proceeds 817,500 2,235,000 2,235,000 3,101,869 3,101,869 2,735,000 2,735,000 366,869 88%
Other Income 44,405 107,157 107,157 81,500 81,500 151,935 151,935 (70,435) 186%
Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 152,593 152,593 14,726 91%
Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 5,333,333 5,333,333 6,066,667 47%
Total Revenue 9,901,038 11,049,955 11,049,955 18,129,405 18,129,405 11,167,395 11,167,395 6,962,011 62%
Expenditures by Activity
Streets / Traffic & Lighting 7,313,705 8,783,703 12,787,978 16,707,937 17,185,106 11,266,513 2,494,111 13,760,624 3,424,482 80%
Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 3,924,719 1,773,572 1,172,735 2,946,307 978,412 75%
Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 21,109,825 13,040,085 3,666,847 16,706,932 4,402,894 79%
Expenditures by Type
Personnel
Salaries & Wages 2,924,195 3,186,475 3,425,081 4,513,428 4,528,215 3,079,728 - 3,079,728 1,448,487 68%
Fringe Benefits 1,203,828 1,297,636 1,366,803 2,046,736 2,021,623 1,063,079 - 1,063,079 958,545 53%
Total Personnel 4,128,023 4,484,111 4,791,884 6,560,163 6,549,838 4,142,807 - 4,142,807 2,407,032 63%
Supplies 854,478 1,146,446 1,247,843 1,981,201 2,006,501 1,334,218 206,407 1,540,624 465,876 77%
Services & Charges
Professional Services 636,199 866,929 1,100,018 2,707,363 2,703,063 1,020,496 1,163,269 2,183,764 519,298 81%
Printing & Advertising 2,422 1,810 1,074 2,950 3,250 2,643 365 3,008 242 93%
Utilities 44,781 47,159 39,999 66,836 66,836 42,062 - 42,062 24,774 63%
Repairs & Maintenance 701,876 346,497 1,314,234 1,091,272 1,308,272 1,069,988 2,159 1,072,147 236,125 82%
Education & Training 8,291 11,555 10,089 30,000 20,000 1,791 4,340 6,131 13,869 31%
Travel 5,135 803 11,328 25,000 12,000 - - - 12,000 0%
Other Services & Charges 27,988 138,852 178,514 158,070 158,070 61,811 1,242 63,053 95,017 40%
Debt Service Principal 891,039 1,113,112 1,469,371 1,909,313 1,909,313 1,900,378 - 1,900,378 8,935 100%
Debt Service Interest & Fees 34,928 45,139 110,667 407,383 407,383 194,108 - 194,108 213,274 48%
Total Services & Charges 2,352,660 2,571,857 4,235,294 6,398,186 6,588,186 4,293,277 1,171,374 5,464,651 1,123,534 83%
Operating Expenditures 7,335,161 8,202,414 10,275,022 14,939,550 15,144,525 9,770,301 1,377,781 11,148,082 3,996,442 74%
Capital 155,986 1,067,160 3,085,813 3,948,013 4,209,882 1,827,069 2,289,066 4,116,135 93,747 98%
Bad Debt - - - - - - - - - -
Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,755,418 1,442,714 - 1,442,714 312,704 82%
Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 21,109,825 13,040,085 3,666,847 16,706,932 4,402,893 79%
Net Surplus / (Deficit) 1,080,308 372,283 (3,914,936) (2,503,251) (2,980,420) (1,872,690) (5,539,537)
Beginning Cash Balance 4,772,416 6,607,820 4,772,416 4,772,416
Cash Adjustments 755,096 (2,207,688) (857,480) -
Ending Cash Balance 6,607,820 4,772,416 - 1,791,995 2,571,807
Cash Reserves Target 2,205,182 2,669,418 3,741,223 5,277,456
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
October 31, 2025
Fund Name MVH Restricted Fund Number 266
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 3,134,543 3,274,223 3,274,223 3,167,476 3,167,476 2,624,988 2,624,988 542,488 83%
Interest Earnings 23,921 39,874 39,874 10,650 10,650 54,763 54,763 (44,113) 514%
Interfund Transfers In - - - - - - - - -
Debt Proceeds 888,007 - - - - - - - -
Total Revenue 4,046,471 3,314,097 3,314,097 3,178,126 3,178,126 2,679,751 2,679,751 498,375 84%
Expenditures by Type
Personnel
Salaries & Wages 255,141 399,253 350,371 521,781 466,781 352,267 - 352,267 114,514 75%
Fringe Benefits 124,031 183,370 156,235 157,870 212,870 166,435 - 166,435 46,435 78%
Total Personnel 379,172 582,623 506,606 679,651 679,651 518,702 - 518,702 160,949 76%
Supplies 2,107,582 1,386,353 1,374,806 2,120,878 2,143,378 1,768,346 349,936 2,118,283 25,096 99%
Services & Charges
Professional Services - - - - - - - - - -
Repairs & Maintenance 1,376,423 1,592,715 886,957 682,865 702,865 427,913 250,000 677,913 24,952 96%
Debt Service Principal 91,621 169,814 173,826 177,933 177,933 177,933 - 177,933 - 100%
Debt Service Interest & Fees 2,144 17,716 13,703 9,596 9,596 9,596 - 9,596 - 100%
Total Services & Charges 1,470,187 1,780,244 1,074,487 870,395 890,395 615,442 250,000 865,442 24,952 97%
Capital 184,116 662,791 - - - - - - - -
Total Expenditures 4,141,058 4,412,010 2,955,898 3,670,924 3,713,424 2,902,490 599,936 3,502,427 210,997 94%
Net Surplus / (Deficit) (94,586) (1,097,914) 358,199 (492,798) (535,298) (222,739) (822,675)
Beginning Cash Balance 2,042,332 1,126,297 2,042,332 2,042,332
Cash Adjustments (821,449) 2,013,949 (429,462) -
Ending Cash Balance 1,126,297 2,042,332 1,971,069 1,507,034 1,046,451
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
October 31, 2025
2025 2025 2025 2025 Total
2022 2023 2024 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 6,269,085 6,548,446 6,548,446 6,334,951 6,334,951 5,249,976 5,249,976 1,084,975 83%
Intergov./ Grants - - - - - - - - -
Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,800 2,800 (1,300) 187%
Charges for Services 112,415 89,847 89,847 160,500 160,500 94,376 94,376 66,124 59%
Interest Earnings 75,958 130,728 130,728 59,892 59,892 127,134 127,134 (67,241) 212%
Debt Proceeds 1,705,507 2,235,000 2,235,000 3,101,869 3,101,869 2,735,000 2,735,000 366,869 88%
Other Income 44,405 107,157 107,157 81,500 81,500 151,935 151,935 (70,435) 186%
Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 152,593 152,593 14,726 91%
Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 5,333,333 5,333,333 6,066,667 47%
Total Revenue 13,947,509 14,364,052 14,364,052 21,307,530 21,307,530 13,847,146 13,847,146 7,460,385 65%
Expenditures by Fund
Motor Vehicle Highway (#202) 8,820,729 10,677,672 14,964,891 20,632,656 21,109,825 13,040,085 3,666,847 16,706,932 4,402,893 79%
MVH Restricted (#266) 4,141,058 4,412,010 2,955,898 3,670,924 3,713,424 2,902,490 599,936 3,502,427 210,997 94%
Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,823,249 15,942,575 4,266,783 20,209,358 4,613,890 81%
Expenditures by Activity
Streets / Traffic & Lighting 11,454,763 13,195,713 15,743,876 20,378,861 20,898,530 14,169,003 3,094,048 17,263,051 3,635,479 83%
Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 3,924,719 1,773,572 1,172,735 2,946,307 978,412 75%
Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,823,249 15,942,575 4,266,783 20,209,358 4,613,891 81%
Expenditures by Type
Personnel
Salaries & Wages 3,179,336 3,585,728 3,775,452 5,035,209 4,994,996 3,431,995 - 3,431,995 1,563,001 69%
Fringe Benefits 1,327,859 1,481,006 1,523,038 2,204,606 2,234,493 1,229,513 - 1,229,513 1,004,980 55%
Total Personnel 4,507,195 5,066,734 5,298,490 7,239,814 7,229,489 4,661,509 - 4,661,509 2,567,981 64%
Supplies 2,962,061 2,532,798 2,622,649 4,102,079 4,149,879 3,102,564 556,343 3,658,907 490,972 88%
Services & Charges
Professional Services 636,199 866,929 1,100,018 2,707,363 2,703,063 1,020,496 1,163,269 2,183,764 519,298 81%
Printing & Advertising 2,422 1,810 1,074 2,950 3,250 2,643 365 3,008 242 93%
Utilities 44,781 47,159 39,999 66,836 66,836 42,062 - 42,062 24,774 63%
Repairs & Maintenance 2,078,298 1,939,212 2,201,191 1,774,137 2,011,137 1,497,901 252,159 1,750,060 261,078 87%
Education & Training 8,291 11,555 10,089 30,000 20,000 1,791 4,340 6,131 13,869 31%
Travel 5,135 803 11,328 25,000 12,000 - - - 12,000 0%
Other Services & Charges 27,988 138,852 178,514 158,070 158,070 61,811 1,242 63,053 95,017 40%
Debt Service Principal 982,660 1,282,926 1,643,197 2,087,246 2,087,246 2,078,311 - 2,078,311 8,935 100%
Debt Service Interest & Fees 37,072 62,855 124,370 416,979 416,979 203,705 - 203,705 213,274 49%
Total Services & Charges 3,822,847 4,352,101 5,309,781 7,268,581 7,478,581 4,908,719 1,421,374 6,330,093 1,148,487 85%
Operating Expenditures 11,292,103 11,951,633 13,230,920 18,610,474 18,857,949 12,672,792 1,977,717 14,650,509 4,207,440 78%
Capital 340,102 1,729,951 3,085,813 3,948,013 4,209,882 1,827,069 2,289,066 4,116,135 93,747 98%
Bad Debt - - - - - - - - - -
Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,755,418 1,442,714 - 1,442,714 312,704 82%
Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,823,249 15,942,575 4,266,783 20,209,358 4,613,891 81%
Net Surplus / (Deficit) - (725,631) (3,556,737) (2,996,050) (3,515,719) (2,095,429) (6,362,212)
Beginning Cash Balance 6,814,748 7,734,117 6,814,748 6,814,748
Cash Adjustments 919,369 (193,739) 4,591,410 -
Ending Cash Balance 7,734,117 6,814,748 7,849,421 3,299,029 3,618,258
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
October 31, 2025
Fund Name Local Road & Street Fund Number 251
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,003,475 2,040,961 2,040,961 1,944,187 1,944,187 1,737,768 1,737,768 206,419 89%
Intergov./ Grants 145,348 205,355 205,355 55,000 55,000 50,215 50,215 4,785 91%
Interest Earnings 34,259 74,193 74,193 43,834 43,834 42,304 42,304 1,530 97%
Other Income 10,510 - - - - (5,255) (5,255) 5,255 -
Interfund Transfers In - - - - - - - - -
Total Revenue 2,193,593 2,320,509 2,320,509 2,043,021 2,043,021 1,825,032 1,825,032 217,989 89%
Expenditures by Type
Supplies 57,542 347,256 380,000 20,000 20,000 - - - 20,000 0%
Services & Charges
Professional Services 690,622 524,598 743,100 1,308,864 1,308,864 326,568 849,534 1,176,102 132,762 90%
Repairs & Maintenance 125,774 1,717,103 1,757,220 900,060 900,060 322,734 225,666 548,400 351,660 61%
Other Services & Charges - - - - - - - - - -
Total Services & Charges 816,396 2,241,701 2,500,319 2,208,924 2,208,924 649,302 1,075,200 1,724,502 484,422 78%
Capital 303,138 783,787 389,372 575,712 575,712 301,259 15,811 317,070 258,642 55%
Interfund Transfers Out 1,000,000 - - 1,500,000 1,500,000 - - - 1,500,000 0%
Total Expenditures 2,177,076 3,372,745 3,269,691 4,304,636 4,304,636 950,560 1,091,011 2,041,572 2,263,064 47%
Net Surplus / (Deficit) 16,517 (1,052,235) (949,182) (2,261,615) (2,261,615) 874,471 (216,540)
Beginning Cash Balance 2,349,376 3,632,884 2,349,376 2,349,376
Cash Adjustments 1,266,990 (231,272) 979,891 -
Ending Cash Balance 3,632,884 2,349,376 2,380,085 87,761 1,395,752
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
October 31, 2025
Fund Name LOIT Special Distribution Fund Number 257
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 3,417 3,388 3,388 - - 1,336 1,336 (1,336) -
Other Income - - - - - - - - -
Total Revenue 3,417 3,388 3,388 - - 1,336 1,336 (1,336) -
Expenditures by Type
Services & Charges
Professional Services - 184,782 - 704 704 704 - 704 - 100%
Total Services & Charges - 184,782 - 704 704 704 - 704 - 100%
Capital - 4,314 - 52,635 52,635 33,831 - 33,831 18,804 64%
Total Expenditures - 189,096 - 53,339 53,339 34,535 - 34,535 18,804 65%
Net Surplus / (Deficit) 3,417 (185,709) 3,388 (53,339) (53,339) (33,199) (33,199)
Beginning Cash Balance 245,630 266,588 245,630 245,630
Cash Adjustments 17,541 164,751 (775) -
Ending Cash Balance 266,588 245,630 248,243 192,291 32,535
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
October 31, 2025
Fund Name Local Road & Bridge Grant Fund Number 265
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,350,100 1,000,000 1,000,000 1,500,000 1,500,000 1,276,250 1,276,250 223,750 85%
Interest Earnings 23,684 50,707 50,707 4,106 4,106 21,345 21,345 (17,238) 520%
Other Income - - - - - - - - -
Interfund Transfers In 1,000,000 - - 1,500,000 1,500,000 - - 1,500,000 0%
Total Revenue 2,373,784 1,050,707 1,050,707 3,004,106 3,004,106 1,297,595 1,297,595 1,706,512 43%
Expenditures by Type
Services & Charges
Repairs & Maintenance 594,751 3,105,996 1,229,350 3,993,345 3,993,345 2,230,422 652,448 2,882,870 1,110,476 72%
Other Services & Charges - - - - - - - - - -
Total Services & Charges 594,751 3,105,996 1,229,350 3,993,345 3,993,345 2,230,422 652,448 2,882,870 1,110,476 72%
Capital - - - - - - - - - -
Total Expenditures 594,751 3,105,996 1,229,350 3,993,345 3,993,345 2,230,422 652,448 2,882,870 1,110,476 72%
Net Surplus / (Deficit) 1,779,033 (2,055,289) (178,642) (989,239) (989,239) (932,827) (1,585,275)
Beginning Cash Balance 704,875 1,391,493 704,875 704,875
Cash Adjustments (1,092,415) 1,368,671 1,950,821 -
Ending Cash Balance 1,391,493 704,875 2,477,054 (284,364) 652,914
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
October 31, 2025
Fund Name Major Moves Construction Fund Number 412
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 32,517 238,248 238,248 - - - - - -
Interest Earnings 26,999 53,463 53,463 3,463 3,463 31,423 31,423 (27,960) 907%
Other Income 493,328 493,328 493,328 120,892 120,892 120,892 120,892 - 100%
Interfund Transfers In - - - - - - - - -
Total Revenue 552,844 785,039 785,039 124,355 124,355 152,315 152,315 (27,960) 122%
Expenditures by Type
Supplies - 628,041 350,000 - - - - - - -
Services & Charges
Professional Services 217,156 97,521 217,979 178,882 178,882 58,962 88,889 147,851 31,031 83%
Repairs & Maintenance 450,000 - - - - - - - - -
Total Services & Charges 667,156 97,521 217,979 178,882 178,882 58,962 88,889 147,851 31,031 83%
Capital 196,985 33,493 316,921 583,942 583,942 299,235 200,427 499,662 84,280 86%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 864,141 759,056 884,900 762,824 762,824 358,197 289,316 647,513 115,311 85%
Net Surplus / (Deficit) (311,297) 25,983 (99,862) (638,470) (638,470) (205,882) (495,198)
Beginning Cash Balance 1,889,193 1,386,436 1,889,193 1,889,193
Cash Adjustments (191,461) 476,775 (217,032) -
Ending Cash Balance 1,386,436 1,889,193 1,572,300 1,250,724 719,744
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
October 31, 2025
Fund Name 2021 Infrastructure Bond Capital Fund Number 455
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 37,031 48,402 48,402 - - 20,345 20,345 (20,345) -
Interfund Transfers In - - - - - - - - -
Total Revenue 37,031 48,402 48,402 - - 20,345 20,345 (20,345) -
Expenditures by Type
Capital 1,761,110 1,236,390 276,767 446,483 446,483 399,500 - 399,500 46,983 89%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 1,761,110 1,236,390 276,767 446,483 446,483 399,500 - 399,500 46,983 89%
Net Surplus / (Deficit) (1,724,079) (1,187,989) (228,365) (446,483) (446,483) (379,155) (379,155)
Beginning Cash Balance 3,836,482 - 3,836,482 3,836,482
Cash Adjustments (2,112,403) 5,024,470 (1,306,106) -
Ending Cash Balance - 3,836,482 2,302,010 3,389,998 294,437
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
October 31, 2025
Fund Name Solid Waste Operations Fund Number 610
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 6,909,550 7,622,504 7,622,504 8,256,538 8,256,538 7,199,571 7,199,571 1,056,967 87%
Intergov./ Grants 7,410 8,636 8,636 - - - - - -
Interest Earnings 3,406 8,323 8,323 10,970 10,970 61,864 61,864 (50,894) 564%
Other Income 63,306 18,231 18,231 45,000 45,000 2,139 2,139 42,861 5%
Interfund Transfers In 263,687 527,035 527,035 - - - - - -
Total Revenue 7,247,359 8,184,729 8,184,729 8,312,508 8,312,508 7,263,575 7,263,575 1,048,934 87%
Expenditures by Type
Personnel
Salaries & Wages 1,223,746 1,265,563 1,320,819 1,482,946 1,482,946 1,137,228 - 1,137,228 345,718 77%
Fringe Benefits 478,575 526,275 542,699 747,879 747,879 440,516 - 440,516 307,363 59%
Total Personnel 1,702,321 1,791,838 1,863,518 2,230,825 2,230,825 1,577,745 - 1,577,745 653,081 71%
Supplies 434,548 306,830 282,404 567,435 567,435 338,346 40,857 379,204 188,232 67%
Services & Charges
Printing & Advertising 13,059 12,003 - 18,241 18,241 1,140 - 1,140 17,101 6%
Repairs & Maintenance 1,844,161 1,893,174 1,536,291 1,239,169 1,239,169 1,343,873 6,739 1,350,612 (111,444) 109%
Education & Training 180 4,068 132 20,400 20,400 1,350 1,535 2,885 17,515 14%
Travel - - - 15,300 15,300 2,648 2,448 5,096 10,204 33%
Other Services & Charges 1,085,570 1,127,500 1,377,466 1,394,368 1,394,368 1,204,988 113,266 1,318,253 76,114 95%
Debt Service Principal - - - - - - - - - -
Total Services & Charges 2,942,970 3,036,744 2,913,890 2,687,477 2,687,477 2,553,999 123,988 2,677,987 9,490 100%
Operating Expenditures 5,079,840 5,135,412 5,059,811 5,485,737 5,485,737 4,470,090 164,845 4,634,935 850,803 84%
Bad Debt 670,719 219,772 206,880 259,035 259,035 137,333 - 137,333 121,702 53%
Interfund
Interfund Allocations 1,187,501 1,361,480 1,479,707 1,579,144 1,579,144 1,271,178 - 1,271,178 307,967 80%
Interfund Transfers Out 981,664 899,690 933,000 1,338,315 1,338,315 - - - 1,338,315 0%
Total Interfund 2,169,165 2,261,170 2,412,707 2,917,459 2,917,459 1,271,178 - 1,271,178 1,646,282 44%
Total Expenditures 7,919,724 7,616,354 7,679,398 8,662,231 8,662,231 5,878,601 164,845 6,043,446 2,618,787 70%
Beginning Cash Balance 906,471 87,032 906,471 906,471
Cash Adjustments (147,073) 251,063 (1,116,969) -
Ending Cash Balance 87,032 906,471 294,832 556,748 2,581,703
Cash Reserves Target 791,972 761,635 767,940 866,223
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
October 31, 2025
Fund Name Solid Waste Capital Fund Number 611
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,516 5,297 5,297 - - 53,095 53,095 (53,095) -
Debt Proceeds 1,559,726 1,225,000 1,225,000 - - - - - -
Interfund Transfers In 981,664 899,690 899,690 1,338,315 1,338,315 - - 1,338,315 0%
Total Revenue 2,542,907 2,129,987 2,129,987 1,338,315 1,338,315 53,095 53,095 1,285,220 4%
Expenditures by Type
Services & Charges
Debt Service Principal 950,448 928,231 1,054,761 1,206,567 1,206,567 1,183,698 - 1,183,698 22,869 98%
Debt Service Interest & Fees 31,216 48,912 48,099 138,126 138,126 128,889 - 128,889 9,237 93%
Total Services & Charges 981,664 977,143 1,102,860 1,344,694 1,344,694 1,312,587 - 1,312,587 32,106 98%
Capital 758,270 - 2,764,101 1,965,676 1,965,676 349,221 1,615,932 1,965,153 523 100%
Total Expenditures 1,739,934 977,143 3,866,961 3,310,370 3,310,370 1,661,808 1,615,932 3,277,740 32,629 99%
Net Surplus / (Deficit) 802,972 1,152,844 (1,736,974) (1,972,055) (1,972,055) (1,608,713) (3,224,645)
Beginning Cash Balance 779,163 388,126 779,163 779,163
Cash Adjustments (1,194,009) (761,807) 2,539,839 -
Ending Cash Balance 388,126 779,163 1,582,027 (1,192,892) 434,470
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
October 31, 2025
Fund Name Water Works Operations Fund Number 620
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 19,141,578 19,884,402 19,884,402 21,693,111 21,693,111 17,563,065 17,563,065 4,130,046 81%
Interest Earnings 95,051 187,240 187,240 136,803 136,803 508,989 508,989 (372,186) 372%
Other Income 41,395 510,566 510,566 18,055 18,055 19,016 19,016 (961) 105%
Interfund Allocation Reimb 1,414,701 1,633,074 1,633,074 1,655,108 1,655,108 1,327,692 1,327,692 327,416 80%
Interfund Transfers In 294,627 134,865 134,865 - - - - - -
Total Revenue 20,987,352 22,350,147 22,350,147 23,503,077 23,503,077 19,418,762 19,418,762 4,084,315 83%
Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 25,351,815 15,946,219 1,476,903 17,423,122 7,928,693 69%
Expenditures by Type
Personnel
Salaries & Wages 3,497,540 3,777,318 3,648,854 4,336,218 4,336,218 3,170,907 - 3,170,907 1,165,311 73%
Fringe Benefits 1,503,528 1,515,511 1,436,060 2,031,432 2,031,432 1,107,298 - 1,107,298 924,135 55%
Total Personnel 5,001,068 5,292,830 5,084,914 6,367,650 6,367,650 4,278,204 - 4,278,204 2,089,446 67%
Supplies 1,604,334 1,598,311 1,537,179 2,505,167 2,480,167 998,968 194,528 1,193,495 1,286,672 48%
Services & Charges
Professional Services 760,096 872,977 1,227,334 2,124,466 2,474,466 1,100,363 613,220 1,713,583 760,883 69%
Printing & Advertising 7,168 2,341 2,683 7,520 7,520 461 - 461 7,059 6%
Utilities 828,854 893,492 880,936 956,813 1,306,813 1,019,018 - 1,019,018 287,794 78%
Repairs & Maintenance 411,658 402,687 477,557 882,229 952,229 639,484 101,562 741,046 211,182 78%
Education & Training 15,517 22,722 8,509 37,438 60,938 25,271 7,751 33,022 27,916 54%
Travel - 3,775 3,735 23,715 25,215 3,376 6,898 10,273 14,942 41%
Other Services & Charges 2,536,459 2,529,469 2,918,953 4,229,006 4,109,006 2,725,937 552,946 3,278,883 830,123 80%
Debt Service Principal 201,048 - - - - - - - - -
Debt Service Interest & Fees 3,131 - - - - - - - - -
Total Services & Charges 4,763,931 4,727,463 5,519,708 8,261,186 8,936,186 5,513,911 1,282,375 6,796,286 2,139,899 76%
Operating Expenditures 11,369,334 11,618,604 12,141,801 17,134,004 17,784,004 10,791,083 1,476,903 12,267,986 5,516,017 69%
Bad Debt 1,103,072 303,108 327,535 236,865 236,865 205,519 - 205,519 31,346 87%
Interfund
Interfund Allocations 2,342,714 2,856,398 3,567,849 3,853,754 3,853,754 3,162,846 - 3,162,846 690,907 82%
PILOT 1,613,639 1,606,468 1,638,597 1,602,400 1,602,400 1,602,400 - 1,602,400 - 100%
Interfund Transfers Out 6,649,430 2,750,000 125,686 1,874,793 1,874,793 184,371 - 184,371 1,690,422 10%
Total Interfund 10,605,783 7,212,866 5,332,132 7,330,946 7,330,946 4,949,617 - 4,949,617 2,381,329 68%
Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 25,351,815 15,946,219 1,476,903 17,423,122 7,928,692 69%
6,550,457
Net Surplus / (Deficit) (2,090,837) 3,215,570 4,548,680 (1,198,738) (1,848,738) 3,472,543 1,995,641
Beginning Cash Balance 6,550,457 4,840,727 6,550,457 6,550,457
Cash Adjustments 381,106 (1,505,840) (6,340,354) -
Ending Cash Balance 4,840,727 6,550,457 4,758,783 4,701,719 16,251,679
Cash Reserves Target 1,153,909 956,729 890,073 1,267,591
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
October 31, 2025
Fund Name Water Works Capital Fund Number 622
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 251,905 (106,004) (106,004) 210,000 210,000 98,802 98,802 111,198 47%
Interest Earnings 153,064 227,703 227,703 208,820 208,820 590,217 590,217 (381,396) 283%
Other Income 7,084 2,392 2,392 - - 7,599,349 7,599,349 (7,599,349) -
Interfund Transfers In 3,971,704 - - 400,000 400,000 - - 400,000 0%
Bond Proceeds - - - 7,673,000 7,673,000 - - 7,673,000 0%
Total Revenue 4,383,757 124,091 124,091 8,491,820 8,491,820 8,288,368 8,288,368 (7,469,547) 98%
Expenditures by Type
Services & Charges
Professional Services 42,253 132,973 432,412 29,103 1,841,653 28,574 - 28,574 1,813,079 2%
Other Services & Charges - - - - 15,995 - - - 15,995 0%
Total Services & Charges 42,253 132,973 432,412 29,103 1,857,648 28,574 - 28,574 1,829,074 2%
Capital 3,271,169 4,104,934 1,604,614 18,197,173 30,216,726 6,670,766 8,733,143 15,403,909 14,812,817 51%
Bad Debt - - - - - - - - - -
Total Expenditures 3,313,423 4,237,907 2,037,026 18,226,276 32,074,374 6,699,340 8,733,143 15,432,482 16,641,891 48%
Net Surplus / (Deficit) 1,070,334 (4,113,816) (1,912,935) (9,734,455) (23,582,553) 1,589,028 (7,144,115)
Beginning Cash Balance 9,672,979 7,652,044 9,672,979 9,672,979
Cash Adjustments (3,091,269) 6,134,751 3,299,811 -
Ending Cash Balance 7,652,044 9,672,979 11,059,854 (13,909,575) 17,415,264
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
October 31, 2025
Fund Name Water Works Customer Deposit Fund Number 624
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 12,668 38,236 38,236 - - 51,948 51,948 (51,948) -
Total Revenue 12,668 38,236 38,236 - - 51,948 51,948 (51,948) -
Expenditures
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 12,668 38,236 38,236 - - 51,948 51,948
Beginning Cash Balance 1,279,314 1,263,319 1,279,314 1,279,314
Cash Adjustments (28,663) (22,240) (2,039) -
Ending Cash Balance 1,263,319 1,279,314 1,315,511 1,279,314 1,457,014
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
October 31, 2025
Fund Name Water Works Sinking (Debt Service) Fund Number 625
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 18,171 54,408 54,408 - - 48,586 48,586 (48,586) -
Other Income - - - - - - - - -
Interfund Transfers In 2,662,430 2,750,000 2,750,000 1,474,793 1,474,793 67,354 67,354 1,407,439 5%
Total Revenue 2,680,601 2,804,408 2,804,408 1,474,793 1,474,793 115,940 115,940 1,358,853 8%
Expenditures by Type
Services & Charges
Debt Service Principal 1,248,939 1,045,513 786,373 2,514,703 2,514,703 300,000 - 300,000 2,214,703 12%
Debt Service Interest & Fees 390,368 356,162 303,770 1,131,985 1,131,985 222,875 - 222,875 909,110 20%
Total Services & Charges 1,639,307 1,401,675 1,090,143 3,646,688 3,646,688 522,875 - 522,875 3,123,813 14%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 1,639,307 1,401,675 1,090,143 3,646,688 3,646,688 522,875 - 522,875 3,123,813 14%
Net Surplus / (Deficit) 1,041,294 1,402,734 1,714,266 (2,171,895) (2,171,895) (406,935) (406,935)
Beginning Cash Balance - 2,323 - -
Cash Adjustments (1,038,971) (1,405,057) 559,522 -
Ending Cash Balance 2,323 - 2,273,787 (2,171,895) 1,109,865
Cash Reserves Target 2,323 - 2,273,787 (2,171,895)
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
October 31, 2025
Fund Name Water Works Bond Reserve Fund Number 626
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 13,836 42,407 42,407 - - 61,491 61,491 (61,491) -
Interfund Transfers In - - - - - 127,725 127,725 (127,725) -
Total Revenue 13,836 42,407 42,407 - - 189,216 189,216 (189,216) -
Expenditures
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 13,836 42,407 42,407 - - 189,216 189,216
Beginning Cash Balance 1,422,804 1,422,800 1,422,804 1,422,804
Cash Adjustments (13,840) (42,403) (33,101) -
Ending Cash Balance 1,422,800 1,422,804 1,432,109 1,422,804 1,802,411
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
October 31, 2025
Fund Name Water Works Operations & Maintenance Reserve Fund Number 629
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 28,377 85,903 85,903 - - 117,373 117,373 (117,373) -
Interfund Transfers In 15,296 - - - - - - - -
Total Revenue 43,673 85,903 85,903 - - 117,373 117,373 (117,373) -
Expenditures
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 43,673 85,903 85,903 - - 117,373 117,373
Beginning Cash Balance 2,912,652 2,912,652 2,912,652 2,912,652
Cash Adjustments (43,673) (85,903) (51,780) -
Ending Cash Balance 2,912,652 2,912,652 2,946,775 2,912,652 3,280,662
Cash Reserves Target 2,738,674 2,731,309 3,913,620 3,913,620
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
October 31, 2025
Fund Name Sewer Repair Insurance Fund Number 640
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 701,488 703,574 703,574 666,095 666,095 593,463 593,463 72,632 89%
Interest Earnings 27,093 54,170 54,170 16,699 16,699 53,436 53,436 (36,736) 320%
Other Income - - - - - - - - -
Interfund Transfers In 48,167 6,390 6,390 - - - - - -
Total Revenue 776,748 764,134 764,134 682,794 682,794 646,899 646,899 35,896 95%
Expenditures by Type
Personnel
Salaries & Wages 119,081 130,097 134,105 147,565 149,615 115,366 - 115,366 34,249 77%
Fringe Benefits 55,024 55,746 56,550 65,258 62,708 41,892 - 41,892 20,816 67%
Total Personnel 174,105 185,844 190,655 212,823 212,323 157,258 - 157,258 55,065 74%
Supplies 42,321 40,016 69,570 134,645 134,645 87,028 9,372 96,400 38,244 72%
Services & Charges
Printing & Advertising - - - 200 200 - - - 200 0%
Repairs & Maintenance 474,934 589,860 621,712 967,588 967,588 597,607 100,431 698,039 269,549 72%
Other Services & Charges - - - - - - - - - -
Total Services & Charges 474,934 589,860 621,712 967,788 967,788 597,607 100,431 698,039 269,749 72%
Operating Expenditures 691,360 815,720 881,938 1,315,256 1,314,756 841,893 109,804 951,697 363,058 72%
Bad Debt 57,952 8,820 14,932 - 12,100 9,343 - 9,343 2,757 77%
Interfund Allocations 96,195 100,897 98,073 97,900 98,400 84,927 - 84,927 13,473 86%
Total Expenditures 845,507 925,437 994,942 1,413,156 1,425,256 936,163 109,804 1,045,967 379,288 73%
Net Surplus / (Deficit) (68,759) (161,304) (230,809) (730,361) (742,461) (289,264) (399,068)
Beginning Cash Balance 2,003,861 2,052,857 2,003,861 2,003,861
Cash Adjustments 117,756 112,307 178,911 -
Cash Reserves Target 211,377 231,359 248,736 356,314
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
October 31, 2025
Fund Name Sewage Works Operations Fund Number 641
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 40,319,532 42,187,751 42,187,751 43,763,012 43,763,012 37,903,460 37,903,460 5,859,553 87%
Interest Earnings 247,071 568,907 568,907 115,405 115,405 1,481,618 1,481,618 (1,366,214) 1284%
Other Income 106,610 68,553 68,553 2,000 2,000 11,554 11,554 (9,554) 578%
Interfund Allocation Reimb 463,761 461,751 461,751 421,322 421,322 351,102 351,102 70,220 83%
Interfund Transfers In 415,513 184,500 184,500 - - - - - -
Total Revenue 41,552,487 43,471,462 43,471,462 44,301,739 44,301,739 39,747,733 39,747,733 4,554,005 90%
Expenditures by Division
Sewers 7,807,448 7,048,829 6,403,311 8,108,833 8,664,833 6,130,427 75,318 6,205,745 2,459,088 72%
Concrete Crew 521,609 562,830 513,606 640,997 644,997 454,531 1,591 456,122 188,876 71%
Wastewater 32,097,845 28,653,161 23,034,326 44,713,091 44,713,091 18,679,282 1,433,520 20,112,803 24,600,288 45%
Organic Resources 1,506,046 1,167,251 1,696,224 1,888,911 1,888,911 1,224,241 63,777 1,288,018 600,893 68%
Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 55,911,832 26,488,481 1,574,207 28,062,687 27,849,145 50%
Expenditures by Type
Personnel
Salaries & Wages 4,946,254 5,272,342 5,445,536 6,402,628 6,395,128 4,813,112 - 4,813,112 1,582,016 75%
Fringe Benefits 2,018,844 2,015,847 2,029,440 2,850,041 2,840,116 1,742,939 - 1,742,939 1,097,177 61%
Total Personnel 6,965,098 7,288,190 7,474,976 9,252,669 9,235,244 6,556,051 - 6,556,051 2,679,193 71%
Supplies 2,230,631 2,484,857 2,355,553 4,559,542 4,559,542 2,273,040 324,046 2,597,086 1,962,456 57%
Services & Charges
Professional Services 590,275 1,065,584 191,971 395,686 395,686 116,949 83,241 200,190 195,497 51%
Printing & Advertising 1,182 4,135 1,981 7,240 7,740 3,103 - 3,103 4,637 40%
Utilities 1,267,312 1,337,488 1,361,164 1,539,308 1,540,808 1,216,863 - 1,216,863 323,945 79%
Repairs & Maintenance 1,677,658 1,731,522 2,951,638 3,054,255 3,284,255 2,092,644 166,758 2,259,402 1,024,853 69%
Education & Training 20,869 34,832 30,878 69,465 69,465 28,590 5,813 34,402 35,062 50%
Travel 10,417 14,539 22,986 43,210 42,210 17,777 4,992 22,770 19,440 54%
Other Services & Charges 1,889,515 2,636,784 1,894,083 5,650,849 5,868,849 2,696,437 989,357 3,685,794 2,183,055 63%
Debt Service Principal 188,482 - - - - - - - - -
Debt Service Interest & Fees 2,935 - - - - - - - - -
Total Services & Charges 5,648,646 6,824,884 6,454,702 10,760,014 11,209,014 6,172,362 1,250,161 7,422,524 3,786,489 66%
Operating Expenditures 14,844,375 16,597,930 16,285,231 24,572,224 25,003,799 15,001,454 1,574,207 16,575,661 8,428,138 66%
Capital 20,610 - - - - - - - - -
Bad Debt 1,749,145 423,366 419,612 225,000 335,000 312,932 - 312,932 22,069 93%
Interfund
Interfund Allocations 6,081,041 6,148,303 7,153,280 7,565,272 7,583,697 6,161,830 - 6,161,830 1,421,866 81%
PILOT 4,465,686 4,489,126 4,385,589 4,163,261 4,163,261 4,163,261 - 4,163,261 - 100%
Interfund Transfers Out 14,772,089 9,773,347 3,403,755 18,826,075 18,826,075 849,004 - 849,004 17,977,071 5%
Total Interfund 25,318,816 20,410,776 14,942,624 30,554,608 30,573,033 11,174,095 - 11,174,095 19,398,937 37%
Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 55,911,832 26,488,481 1,574,207 28,062,687 27,849,144 50%
Net Surplus / (Deficit) (380,459) 6,039,390 11,823,994 (11,050,093) (11,610,093) 13,259,252 11,685,045
Beginning Cash Balance 13,825,371 11,466,153 13,825,371 13,825,371
Cash Adjustments 13,825,371 (3,680,173) (11,828,303) -
Ending Cash Balance 11,466,153 13,825,371 13,821,063 2,215,278 47,623,794
Cash Reserves Target 2,096,647 1,871,604 1,582,373 2,795,592
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
October 31, 2025
Fund Name Sewage Works Capital Fund Number 642
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 106,734 340,467 340,467 339,000 339,000 439,551 439,551 (100,551) 130%
Interest Earnings 201,511 402,237 402,237 - - 254,491 254,491 (254,491) -
Other Income 19,550 - - - - 32,146 32,146 (32,146) -
Interfund Transfers In 3,874,147 - - 10,412,670 10,412,670 - - 10,412,670 0%
Bond Proceeds - 32,150,000 32,150,000 - - - - - -
Total Revenue 4,201,942 32,892,704 32,892,704 10,751,670 10,751,670 726,188 - 726,188 10,025,482 7%
Expenditures by Type
Services & Charges
Professional Services 18,900 1,105,955 298,314 4,465,304 4,065,304 1,201,517 1,024,243 2,225,760 1,839,544 45%
Total Services & Charges 18,900 1,105,955 298,314 4,465,304 4,065,304 1,201,517 1,024,243 2,225,760 1,839,544 55%
Capital 3,300,931 2,311,537 4,019,494 24,214,663 29,614,663 7,211,902 10,529,955 17,741,856 11,872,806 60%
Bad Debt - - - - - - - - - -
Total Expenditures 3,319,831 3,417,492 4,317,807 28,679,967 33,679,967 8,413,419 11,554,198 19,967,617 13,712,350 59%
Net Surplus / (Deficit) 882,111 29,475,212 28,574,897 (17,928,297) (22,928,297) (7,687,231) (19,241,429)
Beginning Cash Balance 14,359,708 13,821,218 14,359,708 14,359,708
Cash Adjustments (1,420,601) (28,936,722) (42,934,605) -
Ending Cash Balance 13,821,218 14,359,708 - (8,568,589) 2,375,074
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
October 31, 2025
Fund Name Sewage Works Operations & Maintenance Reserve Fund Number 643
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 53,797 162,855 162,855 - - 222,516 222,516 (222,516) -
Interfund Transfers In - - - - - - - - -
Total Revenue 53,797 162,855 162,855 - - 222,516 222,516 (222,516) -
Expenditures
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 53,797 162,855 162,855 - - 222,516 222,516
Beginning Cash Balance 5,550,801 5,550,801 5,550,801 5,550,801
Cash Adjustments (53,797) (162,855) (127,162) -
Ending Cash Balance 5,550,801 5,550,801 5,586,493 5,550,801 6,219,476
Cash Reserves Target 4,527,715 4,610,709 6,182,196 6,182,196
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
October 31, 2025
Fund Name Sewage Sinking (Debt Service) Fund Number 649
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 47,494 120,213 120,213 - - 61,316 61,316 (61,316) -
Debt Proceeds - - - - - - - - -
Interfund Transfers In 11,107,089 9,773,347 9,773,347 8,413,405 8,413,405 534,234 534,234 7,879,171 6%
PILOT - - - - - - - - -
Total Revenue 11,154,583 9,893,560 9,893,560 8,413,405 8,413,405 595,550 595,550 7,817,855 7%
Expenditures by Type
Services & Charges
Debt Service Principal 6,275,000 6,420,000 6,580,000 7,817,084 7,817,084 - - - 7,817,084 0%
Debt Service Interest & Fees 1,238,373 1,076,591 1,043,195 2,767,144 2,767,144 616,895 - 616,895 2,150,249 22%
Total Services & Charges 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 616,895 - 616,895 9,967,333 6%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 616,895 - 616,895 9,967,333 6%
Net Surplus / (Deficit) 3,641,210 2,396,969 2,270,365 (2,170,823) (2,170,823) (21,346) (21,346)
Beginning Cash Balance - 1,320,833 - -
Cash Adjustments (2,320,377) (3,717,802) 1,361,454 -
Ending Cash Balance 1,320,833 - 3,631,819 (2,170,823) (8,458)
Cash Reserves Target 1,320,833 - 3,631,819 (2,170,823)
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
October 31, 2025
Fund Name Sewage Debt Service Reserve Fund Number 653
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 36,341 110,014 110,014 - - 163,063 163,063 (163,063) -
Interfund Transfers In - - - - - 314,770 314,770 (314,770) -
Total Revenue 36,341 110,014 110,014 - - 477,833 477,833 (477,833) -
Expenditures by Type
Personnel
Salaries & Wages
Fringe Benefits
Total Personnel - - - - - - - - -
Supplies
Services & Charges
Interfund Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Services & Charges - - - - - - - - - 0%
Capital - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 36,341 110,014 110,014 - - 477,833 477,833
Beginning Cash Balance 3,749,760 3,990,250 3,749,760 3,749,760
Cash Adjustments 204,149 (350,504) (85,903) -
Ending Cash Balance 3,990,250 3,749,760 3,773,871 3,749,760 5,012,102
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
October 31, 2025
Fund Name Sewage Works Customer Deposit Fund Number 654
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 10,905 37,039 37,039 - - 58,789 58,789 (58,789) -
Total Revenue 10,905 37,039 37,039 - - 58,789 58,789 (58,789) -
Expenditures
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 10,905 37,039 37,039 - - 58,789 58,789
Beginning Cash Balance 903,840 649,073 903,840 903,840
Cash Adjustments (265,673) 217,729 244,562 -
Ending Cash Balance 649,073 903,840 1,185,442 903,840 1,717,781
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
October 31, 2025
Fund Name Project ReLeaf Fund Number 655
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 455,212 455,392 455,392 456,126 456,126 379,686 379,686 76,440 83%
Interest Earnings 4,980 13,471 13,471 9,402 9,402 22,052 22,052 (12,650) 235%
Interfund Transfers In 36,158 4,905 4,905 - - - - - -
Total Revenue 496,350 473,768 473,768 465,528 465,528 401,738 401,738 63,790 86%
Expenditures by Type
Personnel
Salaries & Wages 35,920 40,178 45,347 114,312 114,312 10,117 - 10,117 104,195 9%
Fringe Benefits 2,810 3,074 3,379 8,745 8,745 791 - 791 7,954 9%
Total Personnel 38,730 43,252 48,726 123,057 123,057 10,908 - 10,908 112,149 9%
Supplies 6,928 4,380 5,477 7,757 7,757 2,655 - 2,655 5,102 34%
Services & Charges
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Operating Expenditures 45,658 47,632 54,203 130,814 130,814 13,564 - 13,564 117,251 10%
Bad Debt 43,213 6,436 11,250 6,500 6,500 6,994 - 6,994 (494) 108%
Interfund
Interfund Allocations 46,462 36,239 32,252 32,372 32,372 26,977 - 26,977 5,395 83%
Interfund Transfers Out 300,000 275,000 300,000 300,000 300,000 250,000 - 250,000 50,000 83%
Total Interfund 346,462 311,239 332,252 332,372 332,372 276,977 - 276,977 55,395 83%
Total Expenditures 435,333 365,307 397,704 469,686 469,686 297,534 - 297,534 172,152 63%
Net Surplus / (Deficit) 61,017 108,461 76,063 (4,158) (4,158) 104,203 104,203
Beginning Cash Balance 282,057 425,913 282,057 282,057
Cash Adjustments 82,839 (252,317) (5,055) -
Ending Cash Balance 425,913 282,057 353,065 277,898 651,727
Cash Reserves Target 108,833 91,327 99,426 117,422
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
October 31, 2025
Fund Name Storm Sewer Fund Number 667
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,036,932 1,042,143 1,042,143 1,147,200 1,147,200 1,133,142 1,133,142 14,058 99%
Intergov./ Grants - 293,000 293,000 - - - - - -
Interest Earnings 22,740 53,355 53,355 236 236 74,799 74,799 (74,562) 31663%
Other Income 12,000 - - - - - - - -
Interfund Transfers In 73,642 10,305 10,305 - - - - - -
Total Revenue 1,145,315 1,398,803 1,398,803 1,147,436 1,147,436 1,207,941 1,207,941 (60,504) 105%
Expenditures by Type
Services & Charges
Professional Services 189,476 273,376 138,721 281,451 281,451 42,860 128,485 171,345 110,106 61%
Other Services & Charges - - - - - - - - - -
Salaries & Wages - - - - - - - - - -
Fringe Benefits - - - - - - - - - -
Total Services & Charges 189,476 273,376 138,721 281,451 281,451 42,860 128,485 171,345 110,106 61%
Capital 1,217,100 389,687 1,437,787 1,991,539 1,991,539 379,356 316,635 695,991 1,295,548 35%
Bad Debt 84,577 13,360 24,967 40,305 40,305 14,862 - 14,862 25,443 37%
Total Expenditures 1,491,154 676,423 1,601,475 2,313,295 2,313,295 437,078 445,120 882,198 1,431,097 38%
Net Surplus / (Deficit) (345,839) 722,379 (202,672) (1,165,858) (1,165,858) 770,863 325,743
Beginning Cash Balance 1,604,154 1,032,916 1,604,154 1,604,154
Cash Adjustments (225,400) (151,141) (115,789) -
Ending Cash Balance 1,032,916 1,604,154 1,285,693 438,296 2,440,180
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
October 31, 2025
Fund Name Police State Seizures Fund Number 216
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 23,345 51,127 51,127 5,000 5,000 56,560 56,560 (51,560) 1131%
Interest Earnings 2,551 6,281 6,281 4,830 4,830 11,960 11,960 (7,130) 248%
Other Income - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue 25,897 57,408 57,408 9,830 9,830 68,520 68,520 (58,690) 697%
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 - - - - - - - - - -
Total Expenditures - - - 22,000 22,000 - - - 22,000 0%
Net Surplus / (Deficit) 25,897 57,408 57,408 (12,170) (12,170) 68,520 68,520
Beginning Cash Balance 173,825 213,569 173,825 173,825
Cash Adjustments 13,847 (97,152) (32,143) -
Ending Cash Balance 213,569 173,825 199,090 161,655 374,992
Cash Reserves Target - - - 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
October 31, 2025
Fund Name Police Curfew Violations Fund Number 218
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 8 - - - - - - - -
Total Revenue 178 - - - - - - - -
Expenditures by Type
Interfund Transfers Out 14,059 - - - - - - - - -
Total Expenditures 14,059 - - - - - - - - -
Net Surplus / (Deficit) (13,880) - - - - - -
Beginning Cash Balance 13,880 13,799 13,880 13,880
Cash Adjustments 13,799 82 (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
October 31, 2025
Fund Name Law Enforcement Continuing Education Fund Number 220
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 390,016 648,640 648,640 300,000 300,000 57,853 57,853 242,147 19%
Charges for Services 136,492 106,073 106,073 115,000 115,000 86,902 86,902 28,098 76%
Fines, Forfeitures, and Fees 111,666 117,605 117,605 106,200 106,200 86,062 86,062 20,138 81%
Interest Earnings 8,766 20,473 20,473 6,970 6,970 21,881 21,881 (14,910) 314%
Donations 785 8,400 8,400 1,000 1,000 - - 1,000 0%
Other Income 1,884 93,350 93,350 - - 27,777 27,777 (27,777) -
Interfund Transfers In 218,353 - - - - - - - -
Total Revenue 867,961 994,541 994,541 529,170 529,170 280,475 280,475 248,696 53%
Expenditures by Type
Supplies 198,761 209,080 403,989 207,047 207,047 112,406 12,985 125,391 81,655 61%
Services & Charges
Professional Services 1,929 13,866 10,144 - - 10,297 - 10,297 (10,297) -
Education & Training 174,565 125,137 129,532 188,871 188,871 167,473 24,623 192,096 (3,225) 102%
Travel 49,137 39,543 74,516 55,000 55,000 55,780 2,087 57,867 (2,867) 105%
Other Services & Charges 52,751 20,734 9,010 59,250 59,250 44,975 6,800 51,775 7,475 87%
Total Services & Charges 278,383 199,280 223,202 303,121 303,121 278,526 33,509 312,035 (8,914) 103%
Capital 26,338 301,100 277,429 40,000 695,000 669,114 - 669,114 25,886 96%
Bad Debt - - - - - - - - - -
Interfund Transfers Out 19,000 - - - - - - - - -
Total Expenditures 522,482 709,459 904,620 550,168 1,205,168 1,060,046 46,494 1,106,540 98,627 92%
Net Surplus / (Deficit) 345,479 285,082 89,921 (20,997) (675,997) (779,571) (826,065)
Beginning Cash Balance 378,981 483,549 378,981 378,981
Cash Adjustments (240,912) (389,650) 248,841 -
Ending Cash Balance 483,549 378,981 717,743 (297,016) 138,747
Cash Reserves Target 130,620 177,365 226,155 301,292
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
October 31, 2025
Fund Name Local Income Tax - Public Safety Fund Number 249
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 9,168,579 12,690,915 12,690,915 12,400,678 12,400,678 10,388,750 10,388,750 2,011,928 84%
Interest Earnings 30,151 178,001 178,001 178,522 178,522 216,115 216,115 (37,592) 121%
Total Revenue 9,198,730 12,868,916 12,868,916 12,579,200 12,579,200 10,604,864 10,604,864 1,974,336 84%
Expenditures by Department
Police Department 5,124,420 4,749,279 6,928,340 6,200,339 6,200,339 5,246,441 - 5,246,441 953,898 85%
Fire Department 5,124,420 4,749,279 6,928,340 7,678,294 7,678,294 6,497,018 - 6,497,018 1,181,276 85%
Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 11,743,459 - 11,743,459 2,135,174 85%
Expenditures by Type
Personnel
Salaries & Wages 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 11,743,459 - 11,743,459 2,135,174 85%
Fringe Benefits - - - - - - - - - -
Total Personnel 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 11,743,459 - 11,743,459 2,135,174 85%
Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 11,743,459 - 11,743,459 2,135,174 85%
Net Surplus / (Deficit) (1,050,110) 3,370,357 (987,765) (1,299,433) (1,299,433) (1,138,595) (1,138,595)
Beginning Cash Balance 3,844,465 4,045,717 3,844,465 3,844,465
Cash Adjustments 1,251,363 (3,571,610) (70,698) -
Ending Cash Balance 4,045,717 3,844,465 2,786,001 2,545,032 5,332,087
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
October 31, 2025
Fund Name Police Take Home Vehicle Fund Number 278
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 44,220 59,460 59,460 50,000 50,000 62,920 62,920 (12,920) 126%
Interest Earnings 10,132 22,799 22,799 16,472 16,472 35,969 35,969 (19,497) 218%
Total Revenue 54,352 82,259 82,259 66,472 66,472 98,889 98,889 (32,417) 149%
Expenditures by Type
Services & Charges
Other Services & Charges - 1,040 - 50,000 50,000 - - - 50,000 0%
Total Services & Charges - 1,040 - 50,000 50,000 - - - 50,000 0%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures - 1,040 - 50,000 50,000 - - - 50,000 0%
Net Surplus / (Deficit) 54,352 81,219 82,259 16,472 16,472 98,889 98,889
Beginning Cash Balance 698,546 681,823 698,546 698,546
Cash Adjustments (71,075) (64,496) (30,328) -
Ending Cash Balance 681,823 698,546 750,477 715,018 1,039,986
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
October 31, 2025
Fund Name Police Block Grants Fund Number 280
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - -
Total Revenue 2 - - - - - - - -
Expenditures by Type
Interfund Transfers Out 4,165 - - - - - - - - -
Total Expenditures 4,165 - - - - - - - - -
Net Surplus / (Deficit) (4,162) - - - - - -
Beginning Cash Balance 4,162 4,138 4,162 4,162
Cash Adjustments 4,138 24 (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
October 31, 2025
Fund Name Fire Department Capital Fund Number 287
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,972,044 2,031,836 2,031,836 2,108,162 2,108,162 1,709,489 1,709,489 398,673 81%
Fines, Forfeitures, and Fees 47 26 26 - - - - - -
Interest Earnings 25,176 29,370 29,370 17,452 17,452 64,946 64,946 (47,494) 372%
Debt Proceeds 1,355,000 1,430,000 1,430,000 3,410,000 3,410,000 470,000 470,000 2,940,000 14%
Other Income 35,574 - - - - 6,689 6,689 (6,689) -
Interfund Transfers In - - - - - - - - -
Total Revenue 3,387,841 3,491,232 3,491,232 5,610,614 5,610,614 2,251,124 2,251,124 3,359,490 40%
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Debt Service Principal 833,022 948,939 1,164,500 1,722,852 1,722,852 1,481,162 - 1,481,162 241,690 86%
Debt Service Interest & Fees 29,449 45,632 48,835 246,545 246,545 156,201 - 156,201 90,344 63%
Total Services & Charges 862,471 994,570 1,213,334 1,969,397 1,969,397 1,637,363 - 1,637,363 332,034 83%
Capital 671,760 4,037,967 1,662,885 5,510,379 5,860,379 2,297,708 2,477,226 4,774,935 1,085,444 81%
Interfund Transfers Out 748,656 752,356 746,961 751,199 751,199 761,656 - 761,656 (10,458) 101%
Total Expenditures 2,282,888 5,784,893 3,623,181 8,230,975 8,580,975 4,696,727 2,477,226 7,173,954 1,407,020 84%
Net Surplus / (Deficit) 1,104,953 (2,293,661) (131,949) (2,620,361) (2,970,361) (2,445,603) (4,922,830)
Beginning Cash Balance 2,758,339 3,111,296 2,758,339 2,758,339
Cash Adjustments (751,995) 1,940,703 1,230,389 -
Ending Cash Balance 3,111,296 2,758,339 3,856,779 (212,022) 423,147
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
October 31, 2025
Fund Name Emergency Medical Services Operating Fund Number 288
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) - - - - - - -
Beginning Cash Balance - 607,079 - -
Cash Adjustments 607,079 (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
October 31, 2025
Fund Name Haz-Mat Fund Number 289
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,375 5,000 5,000 8,840 8,840 (3,840) 177%
Interest Earnings 403 910 910 494 494 2,034 2,034 (1,540) 412%
Other Income - - - - - - - - -
Total Revenue 3,403 3,285 3,285 5,494 5,494 10,874 10,874 (5,380) 198%
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) 3,203 3,285 3,285 (4,506) (4,506) 10,874 10,874
Beginning Cash Balance 28,102 27,937 28,102 28,102
Cash Adjustments (3,368) (3,120) (181) -
Ending Cash Balance 27,937 28,102 31,206 23,596 65,050
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
October 31, 2025
Fund Name Indiana River Rescue Fund Number 291
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 125,805 149,173 149,173 90,000 90,000 79,515 79,515 10,485 88%
Interest Earnings 5,011 12,217 12,217 9,152 9,152 22,088 22,088 (12,935) 241%
Other Income - - - - - - - - -
Total Revenue 130,816 161,390 161,390 99,152 99,152 101,603 101,603 (2,450) 102%
Expenditures by Type
Supplies 59,778 31,093 37,708 70,400 70,400 22,152 5,913 28,065 42,335 40%
Services & Charges
Professional Services - - -
Printing & Advertising - 2,101 - 1,300 1,300 6,709 - 6,709 (5,409) 516%
Education & Training 22,179 21,269 19,088 10,000 10,000 16,756 - 16,756 (6,756) 168%
Travel - - - - - - - - - -
Repairs & Maintenance 7,796 1,770 1,726 13,000 13,000 - - - 13,000 0%
Other Services & Charges 575 289 2,441 - - 1,849 - 1,849 (1,849) -
Total Services & Charges 30,550 25,429 23,255 24,300 24,300 25,313 - 25,313 (1,014) 104%
Capital - 34,530 - - - - 38,378 38,378 (38,378) -
Total Expenditures 90,328 91,052 60,963 94,700 94,700 47,465 44,291 91,755 2,943 97%
Net Surplus / (Deficit) 40,488 70,338 100,427 4,452 4,452 54,138 9,847
Beginning Cash Balance 360,311 330,404 360,311 360,311
Cash Adjustments (70,396) (40,430) (71,166) -
Ending Cash Balance 330,404 360,311 389,572 364,764 625,648
Cash Reserves Target 22,582 22,763 15,241 23,675
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
October 31, 2025
Fund Name Police Grants Fund Number 292
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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
October 31, 2025
Fund Name Regional Police Academy Fund Number 294
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Interest Earnings 83 - - - - - - - -
Total Revenue 83 - - - - - - - -
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Interfund Transfers Out 146,411 - - - - - - - - -
Total Expenditures 146,411 - - - - - - - - -
Net Surplus / (Deficit) (146,328) - - - - - -
Beginning Cash Balance 146,328 125,984 146,328 146,328
Cash Adjustments 125,984 20,344 (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
October 31, 2025
Fund Name COPS MORE Grant Fund Number 295
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Fines, Forfeitures, and Fees - - - - - - - - -
Interest Earnings 30 64 64 - - - - - -
Other Income - - - - - - - - -
Total Revenue 30 64 64 - - - - - -
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Interfund Transfers Out 24,566 - - - - - - - - -
Total Expenditures 24,566 - - - - - - - - -
Net Surplus / (Deficit) (24,536) 64 64 - - - -
Beginning Cash Balance 45,349 73,474 45,349 45,349
Cash Adjustments 52,662 (28,190) (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
October 31, 2025
Fund Name Police Federal Drug Enforcement Fund Number 299
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 98,333 155,023 155,023 80,000 80,000 38,358 38,358 41,642 48%
Interest Earnings 1,002 3,289 3,289 4,926 4,926 2,116 2,116 2,810 43%
Interfund Transfers In 19,000 - - - - - - - -
Total Revenue 118,335 158,312 158,312 84,926 84,926 40,475 40,475 44,452 48%
Expenditures by Type
Supplies 34,145 - - 50,000 50,000 17,123 - 17,123 32,877 34%
Services & Charges
Professional Services 9,999 - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges 9,999 - - - - - - - - -
Capital 15,835 75,609 - - - 14,920 - 14,920 (14,920) -
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 59,979 75,609 - 50,000 50,000 32,043 - 32,043 17,957 64%
Net Surplus / (Deficit) 58,356 82,703 158,312 34,926 34,926 8,431 8,431
Beginning Cash Balance 60,237 83,275 60,237 60,237
Cash Adjustments (35,319) (105,740) (99,956) -
Ending Cash Balance 83,275 60,237 118,593 95,163 302,545
Cash Reserves Target 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
October 31, 2025
Fund Name 2018 Fire Station #9 Bond Debt Service Fund Number 350
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 344,156 342,856 342,856 344,656 344,656 344,656 344,656 - 100%
Total Revenue 344,156 342,856 342,856 344,656 344,656 344,656 344,656 - 100%
Expenditures by Type
Services & Charges
Debt Service Principal 210,000 215,000 220,000 230,000 230,000 230,000 - 230,000 - 100%
Debt Service Interest & Fees 134,156 127,856 121,331 114,656 114,656 114,656 - 114,656 - 100%
Total Services & Charges 344,156 342,856 341,331 344,656 344,656 344,656 - 344,656 - 100%
Total Expenditures 344,156 342,856 341,331 344,656 344,656 344,656 - 344,656 - 100%
Net Surplus / (Deficit) - - 1,525 - - (0) (0)
Beginning Cash Balance - - - -
Cash Adjustments - - (1,525) -
Ending Cash Balance - - - - 1
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
October 31, 2025
Fund Name 2018 Fire Station #9 Bond Capital Fund Number 451
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,397 9,313 9,313 - - 12,724 12,724 (12,724) -
Total Revenue 4,397 9,313 9,313 - - 12,724 12,724 (12,724) -
Expenditures by Type
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 4,397 9,313 9,313 - - 12,724 12,724
Beginning Cash Balance 316,090 314,233 316,090 316,090
Cash Adjustments (6,254) (7,456) (5,951) -
Ending Cash Balance 314,233 316,090 319,452 316,090 355,647
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
October 31, 2025
Fund Name Fire Pension Fund Number 701
Fund Type Pension Trust Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,061,778 4,063,376 4,063,376 4,600,000 4,600,000 3,921,439 3,921,439 678,561 85%
Interest Earnings 6,207 10,004 10,004 - - 8,273 8,273 (8,273) -
Other Income 5,728 2,166 2,166 - - 7,191 7,191 (7,191) -
Total Revenue 4,073,713 4,075,547 4,075,547 4,600,000 4,600,000 3,936,903 3,936,903 663,097 86%
Expenditures by Type
Personnel
Salaries & Wages 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 3,575,179 - 3,575,179 930,368 79%
Total Personnel 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 3,575,179 - 3,575,179 930,368 79%
Supplies - 93 - 100 100 - - - 100 0%
Services & Charges
Professional Services 8,767 3,825 3,500 18,900 18,900 4,178 3,500 7,678 11,222 41%
Travel - - - 350 350 - - - 350 0%
Other Services & Charges 1,182 1,186 1,300 1,400 1,400 980 - 980 420 70%
Total Services & Charges 9,949 5,011 4,800 20,650 20,650 5,158 3,500 8,658 11,992 42%
Total Expenditures 4,132,907 4,043,751 3,985,174 4,526,297 4,526,297 3,580,337 3,500 3,583,837 942,460 79%
Net Surplus / (Deficit) (59,194) 31,796 90,373 73,703 73,703 356,566 353,066
Beginning Cash Balance 420,180 453,561 420,180 420,180
Cash Adjustments 92,575 (65,177) (150,475) -
Ending Cash Balance 453,561 420,180 360,078 493,883 698,951
Cash Reserves Target 413,291 404,375 398,517 452,630
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
October 31, 2025
Fund Name Police Pension Fund Number 702
Fund Type Pension Trust Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 6,010,721 5,984,746 5,984,746 6,000,000 6,000,000 6,064,113 6,064,113 (64,113) 101%
Interest Earnings 9,558 14,162 14,162 190,000 190,000 12,159 12,159 177,841 6%
Other Income 1,527 - - 2,000 2,000 - - 2,000 0%
Total Revenue 6,021,806 5,998,908 5,998,908 6,192,000 6,192,000 6,076,272 6,076,272 115,728 98%
Expenditures by Type
Personnel
Salaries & Wages 5,960,160 6,105,589 6,048,550 5,999,549 5,999,549 5,109,923 - 5,109,923 889,626 85%
Total Personnel 5,960,160 6,105,589 6,048,550 5,999,549 5,999,549 5,109,923 - 5,109,923 889,626 85%
Supplies - - - - - - - - - -
Services & Charges
Professional Services 3,500 3,500 3,500 10,000 10,000 3,500 3,500 7,000 3,000 70%
Travel - - - 500 500 - - - 500 0%
Other Services & Charges 999 1,116 1,121 1,400 1,400 971 - 971 429 69%
Total Services & Charges 4,499 4,616 4,621 11,900 11,900 4,471 3,500 7,971 3,929 67%
Total Expenditures 5,964,659 6,110,205 6,053,170 6,011,449 6,011,449 5,114,394 3,500 5,117,894 893,555 85%
Net Surplus / (Deficit) 57,147 (111,297) (54,263) 180,551 180,551 961,878 958,378
Beginning Cash Balance 560,923 566,569 560,923 560,923
Cash Adjustments (51,500) 105,651 109,855 -
Ending Cash Balance 566,569 560,923 616,515 741,474 1,499,843
Cash Reserves Target 596,466 611,020 605,317 601,145
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
October 31, 2025
Fund Name Police K-9 Unit Fund Number 705
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - -
Donations - - - - - - - - -
Total Revenue 1 - - - - - - - -
Expenditures by Type
Interfund Transfers Out 2,436 - - - - - - - - -
Total Expenditures 2,436 - - - - - - - - -
Net Surplus / (Deficit) (2,435) - - - - - -
Beginning Cash Balance 2,435 2,420 2,435 2,435
Cash Adjustments 2,420 14 (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
October 31, 2025
Fund Name Parks & Recreation Fund Number 201
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 10,742,492 11,441,107 11,441,107 12,564,386 12,564,386 7,084,535 7,084,535 5,479,851 56%
Intergov./ Shared Revenues 427,491 861,197 861,197 1,138,013 1,138,013 391,971 391,971 746,042 34%
Intergov./ Grants - 135,000 135,000 - - - - - -
Licenses & Permits 348 289 289 360 360 820 820 (460) 228%
Charges for Services 3,503,012 3,171,541 3,171,541 3,525,304 3,525,304 3,096,554 3,096,554 428,750 88%
Fines, Forfeitures, and Fees 24 - - - - - - - -
Interest Earnings 37,004 130,670 130,670 107,060 107,060 268,723 268,723 (161,662) 251%
Debt Proceeds 1,290,000 - - 1,347,128 1,347,128 1,347,128 1,347,128 - 100%
Donations 640,929 1,447,300 1,447,300 6,000 6,000 1,105,417 1,105,417 (1,099,417) 18424%
Other Income 336,986 240,432 240,432 117,264 117,264 107,381 107,381 9,883 92%
Interfund Transfers In 119,221 5,372,562 5,372,562 4,100,000 4,100,000 4,500,000 4,500,000 (400,000) 110%
Total Revenue 17,097,508 22,800,098 22,800,098 22,905,515 22,905,515 17,902,528 17,902,528 5,002,987 78%
Expenditures by Division
Community Initiatives - 1,280,884 1,381,901 1,890,987 2,488,333 1,157,982 89,010 1,246,992 1,241,341 50%
Park Administration 1,068,419 1,000,988 1,118,726 1,247,099 1,247,099 1,051,782 36,696 1,088,478 158,621 87%
Park Maintenance 7,955,421 9,494,446 9,447,125 13,239,916 13,812,591 8,909,395 1,562,468 10,471,862 3,340,729 76%
Golf Courses 1,975,148 2,215,416 2,263,706 3,017,963 3,017,963 2,174,749 35,247 2,209,995 807,968 73%
Recreational Experiences 2,294,300 2,376,955 2,368,544 2,480,875 2,408,439 1,642,453 70,658 1,713,111 695,328 71%
Community Programming 1,219,796 1,331,326 1,470,796 2,432,207 1,834,201 1,430,305 5,441 1,435,747 398,455 78%
Development & Promotions 1,068,863 1,069,187 1,145,069 2,500,744 2,607,534 1,658,716 190,823 1,849,539 757,995 71%
- - - 1,383,913 2,396,469 1,340,200 226,316 1,566,516 829,953 65%
Park Projects & Capital 485,729 838,269 3,136,902 6,048,718 7,148,718 4,349,387 1,427,850 5,777,238 1,371,481 81%
Potawatomi Zoo 701,803 602,174 403,422 353,422 353,422 352,852 - 352,852 570 100%
Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 37,314,770 24,067,820 3,644,510 27,712,329 9,602,441 74%
Expenditures by Type
Personnel
Salaries & Wages 6,158,855 7,098,989 7,444,862 9,983,254 10,584,764 7,663,930 - 7,663,930 2,920,834 72%
Fringe Benefits 2,100,307 2,297,681 2,308,066 3,102,125 2,754,656 2,006,312 663 2,006,975 747,682 73%
Total Personnel 8,259,162 9,396,670 9,752,928 13,085,379 13,339,420 9,670,242 663 9,670,905 3,668,516 72%
Supplies 1,591,115 1,611,704 1,693,141 2,157,670 2,303,465 1,539,540 193,975 1,733,515 569,950 75%
Services & Charges
Professional Services 195,731 565,516 728,640 925,240 748,013 430,908 110,943 541,851 206,163 72%
Printing & Advertising 409,687 631,575 711,844 1,449,456 1,550,662 1,042,105 170,447 1,212,552 338,110 78%
Utilities 942,839 914,400 880,167 1,066,550 1,066,550 873,707 - 873,707 192,843 82%
Education & Training 22,292 96,883 28,604 72,720 86,541 36,850 26,644 63,494 23,047 73%
Travel 19,192 16,085 42,707 55,223 54,523 11,988 5,068 17,056 37,467 31%
Grants & Subsidies 715,000 1,058,200 644,426 615,000 615,000 405,074 79,000 484,074 130,926 79%
Other Services & Charges 881,498 680,718 613,394 1,021,244 987,339 504,931 101,818 606,749 380,590 61%
Debt Service Principal 379,954 462,762 389,972 802,624 802,624 547,020 - 547,020 255,604 68%
Debt Service Interest & Fees 23,547 56,745 69,749 123,072 123,072 67,276 - 67,276 55,796 55%
Total Services & Charges 4,190,681 5,443,231 5,158,695 7,134,094 7,366,115 4,549,485 844,447 5,393,933 1,972,183 73%
Operating Expenditures 14,040,958 16,451,604 16,604,764 22,377,143 23,009,001 15,759,268 1,039,085 16,798,353 6,210,649 73%
Capital 896,973 1,807,647 3,947,232 9,853,669 11,931,701 6,185,274 2,605,425 8,790,699 3,141,002 74%
Bad Debt 1,100 240 160 - - 348 - 348 (348) - 5,865,858
Interfund
Interfund Allocations 1,830,448 1,950,153 2,184,034 2,365,034 2,374,069 2,122,930 - 2,122,930 251,139 89%
Interfund Transfers Out - - - - - - - - - -
Total Interfund 1,830,448 1,950,153 2,184,034 2,365,034 2,374,069 2,122,930 - 2,122,930 251,139 89%
Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 37,314,770 24,067,820 3,644,510 27,712,329 9,602,442 74%
Net Surplus / (Deficit) 328,028 2,590,454 63,908 (11,690,331) (14,409,255) (6,165,292) (9,809,802)
Beginning Cash Balance 5,865,858 4,156,004 5,865,858 5,865,858
Cash Adjustments (2,037,882) (880,601) 294,143 -
Ending Cash Balance 4,156,004 5,865,858 6,223,909 (8,543,397) 3,738,959
Cash Reserves Target 4,192,370 5,052,411 5,684,048 9,328,693
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
October 31, 2025
Fund Name Morris PAC / Palais Royale Marketing Fund Number 273
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Interest Earnings 43 - - - - - - - -
Donations - - - - - - - - -
Total Revenue 43 - - - - - - - -
Expenditures by Type
Services & Charges
Printing & Advertising - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Interfund Transfers Out 74,852 - - - - - - - - -
Total Expenditures 74,852 - - - - - - - - -
Net Surplus / (Deficit) (74,809) - - - - - -
Beginning Cash Balance 74,809 76,521 74,809 74,809
Cash Adjustments 76,521 (1,712) (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
October 31, 2025
Fund Name Morris PAC Self-Promotion Fund Number 274
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Interest Earnings 150 - - - - - - - -
Total Revenue 150 - - - - - - - -
Expenditures by Type
Services & Charges
Printing & Advertising - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Interfund Transfers Out 264,160 - - - - - - - - -
Total Expenditures 264,160 - - - - - - - - -
Net Surplus / (Deficit) (264,010) - - - - - -
Beginning Cash Balance 264,010 225,432 264,010 264,010
Cash Adjustments 225,432 38,578 (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
October 31, 2025
Fund Name 2017 Parks Bond Debt Service Fund Number 312
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,149,510 1,080,710 1,080,710 1,140,000 1,140,000 614,421 614,421 525,579 54%
Intergov./ Shared Revenues 32,012 54,790 54,790 61,490 61,490 21,109 21,109 40,381 34%
Interest Earnings 253 438 438 - - 1,747 1,747 (1,747) -
Total Revenue 1,181,774 1,135,939 1,135,939 1,201,490 1,201,490 637,277 637,277 564,213 53%
Expenditures by Type
Services & Charges
Debt Service Principal 830,000 865,000 890,000 920,000 920,000 920,000 - 920,000 - 100%
Debt Service Interest & Fees 339,365 314,165 287,990 261,215 261,215 261,215 - 261,215 - 100%
Total Services & Charges 1,169,365 1,179,165 1,177,990 1,181,215 1,181,215 1,181,215 - 1,181,215 - 100%
Total Expenditures 1,169,365 1,179,165 1,177,990 1,181,215 1,181,215 1,181,215 - 1,181,215 - 100%
Net Surplus / (Deficit) 12,409 (43,226) (42,051) 20,275 20,275 (543,938) (543,938)
Beginning Cash Balance 184,163 187,578 184,163 184,163
Cash Adjustments (8,995) 39,812 54,460 -
Ending Cash Balance 187,578 184,163 196,572 204,438 (374,109)
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
October 31, 2025
Fund Name Coveleski Stadium Capital Fund Number 401
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 31,611 31,611 31,611 - - 31,611 0%
Interest Earnings 25 111 111 - - 673 673 (673) -
Interfund Transfers In - - - - - - - - -
Total Revenue 21,207 31,722 31,722 31,611 31,611 673 673 30,938 2%
Expenditures by Type
Services & Charges
Repairs & Maintenance 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0%
Total Services & Charges 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0%
Capital - - - - - - - - - -
Total Expenditures 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0%
Net Surplus / (Deficit) 3,422 (1,437) 10,109 1,611 1,611 673 673
Beginning Cash Balance 814 11,685 814 814
Cash Adjustments 7,448 (9,433) (6,697) -
Ending Cash Balance 11,685 814 4,226 2,425 24,096
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
October 31, 2025
Fund Name Professional Sports Convention Development Area Fund Number 413
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,082,741 2,055,414 2,055,414 2,800,000 2,800,000 4,439,823 4,439,823 (1,639,823) 159%
Interest Earnings 14,387 15,005 15,005 - - 162,308 162,308 (162,308) -
Total Revenue 2,097,128 2,070,419 2,070,419 2,800,000 2,800,000 4,602,130 4,602,130 (1,802,131) 164%
Expenditures by Type
Services & Charges
Debt Service Principal - - - - - - - - - -
Debt Service Interest & Fees - - - - - - - - - -
Interfund Transfers Out - - 4,020,000 - - - - - - -
Total Services & Charges - - 4,020,000 - - - - - - -
Capital 1,121,352 3,568,457 147,772 218,646 218,646 157,923 25,723 183,646 35,000 84%
Interfund Transfers Out 157,923 25,723 183,646 (183,646) -
Total Expenditures 1,121,352 3,568,457 4,167,772 218,646 218,646 157,923 25,723 367,292 (148,646) 168%
Net Surplus / (Deficit) 975,776 (1,498,038) (2,097,353) 2,581,354 2,581,354 4,444,207 (25,723) 4,234,838
Beginning Cash Balance 775,632 - 775,632 775,632
Cash Adjustments (1,751,408) 2,273,670 2,788,023 -
Ending Cash Balance - 775,632 1,466,302 3,356,985 6,008,570
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
October 31, 2025
Fund Name Morris Performing Arts Center Capital Fund Number 416
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Interest Earnings 8,138 307 307 - - 123,594 123,594 (123,594) -
Reimbursements - 378,872 378,872 - - - - - -
Debt Proceeds 6,501,890 - - - - - - - -
Intergov./State Grants - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Donations from Private Sources - - - - - -
Total Revenue 6,510,028 379,179 379,179 - - 123,594 123,594 (123,594) -
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Professional Services 30,000 - - - - - - - - -
Printing & Advertising - - - - - - - - - -
Repairs & Maintenance - - - - - - - - - -
Debt Service Interest & Fees 359,274 - - - - - - - - -
Total Services & Charges 389,274 - - - - - - - - -
Capital 6,810,900 1,440,954 1,493,326 6,692,686 6,692,686 6,692,658 - 6,692,658 28 100%
Total Expenditures 7,200,174 1,440,954 1,493,326 6,692,686 6,692,686 6,692,658 - 6,692,658 28 100%
Net Surplus / (Deficit) (690,145) (1,061,775) (1,114,147) (6,692,686) (6,692,686) (6,569,064) (6,569,064)
Beginning Cash Balance 1,912,926 203,098 1,912,926 1,912,926
Cash Adjustments (1,019,683) 2,771,603 569,331 -
Ending Cash Balance 203,098 1,912,926 1,368,110 (4,779,760) (201,329)
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
October 31, 2025
Fund Name Palais Royale Historic Preservation Fund Number 450
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 14,235 15,594 15,594 16,000 16,000 16,029 16,029 (29) 100%
Interest Earnings 1,417 3,450 3,450 2,512 2,512 5,798 5,798 (3,286) 231%
Total Revenue 15,653 19,044 19,044 18,512 18,512 21,827 21,827 (3,315) 118%
Expenditures by Type
Services & Charges
Repairs & Maintenance - - - 10,000 10,000 - - - 10,000 0%
Total Services & Charges - - - 10,000 10,000 - - - 10,000 0%
Capital - - - - - - - - - -
Total Expenditures - - - 10,000 10,000 - - - 10,000 0%
Net Surplus / (Deficit) 15,653 19,044 19,044 8,512 8,512 21,827 21,827
Beginning Cash Balance 93,481 80,911 93,481 93,481
Cash Adjustments (28,223) (6,473) (3,739) -
Ending Cash Balance 80,911 93,481 108,786 101,994 171,730
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
October 31, 2025
Fund Name Zoo Bond Capital Fund Number 453
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 205 122 122 - - - - - -
Debt Proceeds 5,891,800 - - - - - - - -
Total Revenue 5,892,006 122 122 - - - - - -
Expenditures by Type
Services & Charges
Debt Service Interest & Fees 318,188 - - - - - - - - -
Total Services & Charges 318,188 - - - - - - - - -
Capital 1,105,985 4,467,955 0 - - - - - - -
Total Expenditures 1,424,173 4,467,955 0 - - - - - - -
Net Surplus / (Deficit) 4,467,833 (4,467,833) 122 - - - -
Beginning Cash Balance - - - -
Cash Adjustments (4,467,833) 4,467,833 4,467,711 -
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
October 31, 2025
Fund Name 2017 Parks Bond Capital Fund Number 471
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 45,200 43,384 43,384 134 134 26,436 26,436 (26,302) 19795%
Total Revenue 45,200 43,384 43,384 134 134 26,436 26,436 (26,302) 19795%
Expenditures by Series
Supported by Interest Earned - - - - - - - - - -
Series A - Howard Park - - - - - - - - - -
Series B - St. Louis Street 21,539 3,881 - - - - - - - -
Series C - Colfax-Seitz 189,497 672 - - - - - - - -
Series D - Howard-Farmers - 2,816 - - - - - - - -
Series E - Miami-Twyckenham 8,218 15,000 - 10,000 10,000 - - - 10,000 0%
Series F - Seitz Park 1,085,400 2,565 - - - - - - - -
Series G - East Race 543,907 465,962 267,485 - - - - - - -
Series H - Pinhook Park 26,051 57,555 42,067 1 1 - - - 1 0%
Series I - Other Park Improv. 13,778 44,749 55,602 11,624 11,624 - - - 11,624 0%
Series J - Pinhook Connect 1,263 4,403 - 35,191 35,191 14,004 15,370 29,374 5,817 83%
Series K - Future Projects 304,899 182,721 10,000 402,005 402,005 - 975 975 401,030 0%
Total Expenditures 2,194,553 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,472 7%
Expenditures by Type
Services & Charges
Professional Services 6,414 - - - - - - - - -
Total Services & Charges 6,414 - - - - - - - - -
Capital 2,188,139 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,473 7%
Total Expenditures 2,194,553 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,473 7%
Net Surplus / (Deficit) (2,149,352) (736,938) (331,770) (458,688) (458,688) 12,432 (3,913)
Beginning Cash Balance 4,259,726 5,926,118 4,259,726 4,259,726
Cash Adjustments 3,815,744 (929,453) (1,340,045) -
Ending Cash Balance 5,926,118 4,259,726 2,587,911 3,801,038 590,292
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
October 31, 2025
Fund Name Parking Garages Fund Number 601
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 778,176 842,422 842,422 859,619 911,219 927,935 927,935 (16,716) 102%
Fines, Forfeitures, and Fees 47,241 69,839 69,839 70,000 98,000 109,822 109,822 (11,822) 112%
Interest Earnings 11,309 22,813 22,813 4,985 8,485 6,762 6,762 1,723 80%
Other Income 3,404 - - - - 5,652 5,652 (5,652) -
Interfund Transfers In - - - - - - - - -
Total Revenue 840,130 935,075 935,075 934,604 1,017,704 1,050,170 1,050,170 (32,467) 103%
Expenditures by Subdivisions
Parking Enforcement 607 80,623 168,856 - 276,400 363,144 (2,377) 360,768 (84,368) 131%
Parking General Operations 406,178 585,441 92,666 177,898 222,588 135,287 757 136,044 86,544 61%
Main Street Garage 180,396 210,216 324,283 234,334 334,051 205,638 - 205,638 128,413 62%
Leighton Plaza Garage 164,397 231,288 332,274 242,086 231,303 147,283 - 147,283 84,020 64%
Wayne Street Garage 140,760 154,644 309,177 199,776 328,099 333,652 (1,298) 332,353 (4,255) 101%
Eddy St Commons Garage - - 3,704 - - - - - - -
Wayne West Garage - - 30,189 224,157 310,851 297,300 7,482 304,782 6,069 98%
Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,703,292 1,482,305 4,565 1,486,869 216,423 87%
Expenditures by Type
Personnel
Salaries & Wages - - - - - - - - - -
Fringe Benefits - - - - - - - - - -
Other Personnel Costs 286,156 197,293 479,194 684,779 393,005 387,957 - 387,957 5,047 1%
Total Personnel 286,156 197,293 479,194 684,779 393,005 387,957 - 387,957 5,047 1%
Supplies 22,310 29,259 40,114 61,609 107,209 57,276 - 57,276 49,934 53%
Services & Charges
Professional Services 18,974 636,076 344,362 68,060 667,490 650,685 4,435 655,120 12,370 98%
Printing & Advertising - - - - 37 47 - 47 (11) 129%
Utilities 101,206 114,917 138,058 104,000 173,450 105,420 - 105,420 68,030 61%
Repairs & Maintenance 69,498 143,195 52,754 6,294 91,094 58,502 130 58,632 32,462 64%
Other Services & Charges 15,787 41,864 95,668 22,060 118,625 85,849 - 85,849 32,776 72%
Travel - - 469 10,080 10,080 229 - 229 9,851 2%
- - - - 1,200 402 - 402 798 34%
Telecommunications - - - - 4,120 4,245 - 4,245 (125) 103%
- - - - 15,613 3,976 - 3,976 11,637 25%
- - - - - - - - - -
Liability Insurance - - 13,613 20,257 20,257 12,075 - 12,075 8,182 60%
Total Services & Charges 205,465 936,052 644,925 230,751 1,101,966 921,430 4,565 925,995 175,970 84%
Operating Expenditures 513,932 1,162,603 1,164,234 977,139 1,602,180 1,366,663 4,565 1,371,228 230,951 86%
Capital 275,068 - - - - - - - - -
Bad Debt 55 - - - - - - - - -
Interfund
Interfund Allocations 103,285 99,609 96,916 101,112 101,112 115,641 - 115,641 (14,529) 114%
Interfund Transfers Out - - -
Total Interfund 103,285 99,609 96,916 101,112 101,112 115,641 - 115,641 (14,529) 114%
Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,703,292 1,482,305 4,565 1,486,869 216,422 87%
Net Surplus / (Deficit) (52,209) (327,138) (326,075) (143,647) (685,588) (432,134) (436,699)
Beginning Cash Balance 907,380 674,268 907,380 907,380
Cash Adjustments (180,903) 560,249 283,656 -
Ending Cash Balance 674,268 907,380 864,961 221,792 (50,472)
Cash Reserves Target 907,380 315,553 315,287 425,823
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
October 31, 2025
Fund Name Morris Performing Arts Center Operations Fund Number 602
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,028,252 988,672 988,672 1,403,079 1,403,079 1,276,173 1,276,173 126,906 91%
Donations 8,750 - - 10,000 10,000 9,248 9,248 752 92%
Interest Earnings 9,447 2,954 2,954 16,800 16,800 5,060 5,060 11,740 30%
Other Income 58,561 172,449 172,449 50,636 50,636 73,934 73,934 (23,298) 146%
Interfund Allocation Reimb 29,817 - - - - - - - -
Interfund Transfers In 939,012 - - 450,000 450,000 447,000 447,000 3,000 99%
Total Revenue 2,073,839 1,164,076 1,164,076 1,930,515 1,930,515 1,811,415 1,811,415 119,100 94%
Expenditures by Subdivisions
Morris Performing Arts Center 1,168,404 1,413,999 1,521,576 1,864,598 1,864,598 1,373,910 105,957 1,479,866 384,732 79%
Events Promotion - - - 40,000 40,000 19,608 4,141 23,749 16,251 59%
Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 1,393,517 110,098 1,503,615 400,983 79%
Expenditures by Type
Personnel
Salaries & Wages 401,782 462,227 498,090 603,599 603,599 477,693 - 477,693 125,906 79%
Fringe Benefits 165,552 176,654 181,155 251,851 250,464 149,846 - 149,846 100,618 60%
Total Personnel 567,334 638,881 679,245 855,450 854,063 627,539 - 627,539 226,524 73%
Supplies 25,631 32,647 47,759 83,599 83,599 37,641 41,781 79,423 4,177 95%
Services & Charges
Professional Services 63,163 61,849 109,002 82,000 81,780 57,341 9,570 66,911 14,869 82%
Printing & Advertising 52,191 74,137 61,112 119,534 119,534 80,737 12,952 93,689 25,845 78%
Utilities 133,765 137,372 143,388 181,976 181,976 155,152 - 155,152 26,824 85%
Repairs & Maintenance 56,533 66,555 87,128 132,853 132,853 75,711 13,744 89,455 43,398 67%
Education & Training 2,413 3,718 6,890 10,000 10,674 7,206 2,644 9,850 824 92%
Travel 5,775 4,341 3,626 6,120 6,340 4,585 2,083 6,668 (328) 105%
Other Services & Charges 39,255 114,797 86,045 119,647 118,973 67,675 27,324 94,999 23,975 80%
Total Services & Charges 353,095 462,767 497,192 652,130 652,130 448,407 68,316 516,723 135,407 79%
Operating Expenditures 946,060 1,134,295 1,224,195 1,591,180 1,589,793 1,113,587 110,098 1,223,685 366,108 77%
Interfund
Interfund Allocations 222,344 279,705 297,381 313,418 314,806 279,930 - 279,930 34,875 89%
Total Interfund 222,344 279,705 297,381 313,418 314,806 279,930 - 279,930 34,875 89%
Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 1,393,517 110,098 1,503,615 400,983 79%
Net Surplus / (Deficit) 905,436 (249,924) (357,500) 25,917 25,917 417,898 307,800
Beginning Cash Balance - - - -
Cash Adjustments (905,436) 249,924 357,500 -
Ending Cash Balance - - - 25,917 524,024
Cash Reserves Target 116,840 141,400 152,158 190,460
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
October 31, 2025
2025 2025 2025 2025 Total
2022 2023 2024 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) 54,878 - - - - - - - - -
Morris Marketing (#273) 43 - - - - - - - - -
Morris Self-Promotion (#274) 150 - - - - - - - -
Morris Operations Fund (#602) 2,073,839 1,164,076 1,164,076 1,930,515 1,930,515 1,811,415 1,811,415 119,100 94%
Total Revenue 2,128,910 1,164,076 1,164,076 1,930,515 1,930,515 1,811,415 1,811,415 119,100 94%
Revenue
Intergov./ Grants - - - - - - - - -
Charges for Services 1,028,252 988,672 988,672 1,403,079 1,403,079 1,276,173 1,276,173 126,906 91%
Interest Earnings 9,640 2,954 2,954 16,800 16,800 5,060 5,060 11,740 30%
Donations 8,750 - - 10,000 10,000 9,248 9,248 752 92%
Other Income 113,439 172,449 172,449 50,636 50,636 73,934 73,934 (23,298) 146%
Interfund Allocation Reimb 29,817 - - - - - - - -
Interfund Transfers In 939,012 - - 450,000 450,000 447,000 447,000 3,000 99%
Total Revenue 2,128,910 1,164,076 1,164,076 1,930,515 1,930,515 1,811,415 1,811,415 119,100 94%
Expenditures by Fund
General Fund (#101) 643,333 184 - - - (990) - (990) 990 -
Morris Marketing (#273) 74,852 - - - - - - - - -
Morris Self-Promotion (#274) 264,160 - - - - - - - - -
Morris Operations Fund (#602) 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 1,393,517 110,098 1,503,615 400,983 79%
Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,904,598 1,392,527 110,098 1,502,625 401,973 79%
Expenditures by Type
Personnel
Salaries & Wages 401,782 462,227 498,090 603,599 603,599 477,693 - 477,693 125,906 79%
Fringe Benefits 165,552 176,654 181,155 251,851 250,464 149,846 - 149,846 100,618 60%
Total Personnel 567,334 638,881 679,245 855,450 854,063 627,539 - 627,539 226,524 73%
Supplies 34,066 32,647 47,759 83,599 83,599 37,641 41,781 79,423 4,177 95%
Services & Charges
Professional Services 67,607 61,849 109,002 82,000 81,780 57,341 9,570 66,911 14,869 82%
Printing & Advertising 74,502 74,321 61,112 119,534 119,534 80,737 12,952 93,689 25,845 78%
Utilities 133,765 137,372 143,388 181,976 181,976 155,152 - 155,152 26,824 85%
Repairs & Maintenance 62,349 66,555 87,128 132,853 132,853 75,711 13,744 89,455 43,398 67%
Education & Training 2,438 3,718 6,890 10,000 10,674 7,206 2,644 9,850 824 92%
Travel 6,711 4,341 3,626 6,120 6,340 4,585 2,083 6,668 (328) 105%
Other Services & Charges 40,622 114,797 86,045 119,647 118,973 66,685 27,324 94,009 24,965 79%
Total Services & Charges 387,992 462,951 497,192 652,130 652,130 447,417 68,316 515,733 136,397 79%
Interfund
Interfund Allocations 222,344 279,705 297,381 313,418 314,806 279,930 - 279,930 34,875 89%
Interfund Transfers Out 939,012 - - - - - - - - -
Total Interfund 1,161,356 279,705 297,381 313,418 314,806 279,930 - 279,930 34,875 89%
Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,904,598 1,392,527 110,098 1,502,625 401,973 79%
Net Surplus / (Deficit) (21,838) (250,107) (357,500) 25,917 25,917 418,888 308,790
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
October 31, 2025
Fund Name Century Center Operations Fund Number 670
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,675,000 1,275,000 1,275,000 1,275,000 1,275,000 1,275,000 1,275,000 - 100%
Charges for Services 3,186,633 3,008,853 3,008,853 2,167,000 2,167,000 2,110,504 2,110,504 56,496 97%
Interest Earnings 677 8,476 8,476 16,003 16,003 8,071 8,071 7,932 50%
Other Income 125,315 99,675 99,675 5,000 5,000 48,084 48,084 (43,084) 962%
Interfund Allocation Reimb 28,827 70,842 70,842 71,905 71,905 59,921 59,921 11,984 83%
Total Revenue 5,016,452 4,462,846 4,462,846 3,534,908 3,534,908 3,501,580 3,501,580 33,328 99%
Expenditures by Subdivisions
City Operations 1,229,534 1,197,943 1,537,502 1,676,541 1,676,541 1,143,850 19,008 1,162,858 513,683 69%
Food & Beverage Operations 2,874,119 2,930,880 3,270,347 1,942,921 2,870,031 2,626,895 - 2,626,895 243,135 92%
Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 4,546,572 3,770,745 19,008 3,789,753 756,818 83%
Expenditures by Type
Personnel
Salaries & Wages 334,824 337,490 387,748 512,653 512,653 316,106 - 316,106 196,547 62%
Fringe Benefits 114,116 112,298 133,624 213,697 213,282 113,406 - 113,406 99,876 53%
Other Personnel Costs 1,113,680 1,241,993 1,456,681 957,926 1,683,706 1,483,390 - 1,483,390 200,316 88%
Total Personnel 1,562,621 1,691,781 1,978,053 1,684,276 2,409,641 1,912,902 - 1,912,902 496,739 79%
Supplies 1,064,660 950,670 1,052,869 453,272 654,602 546,345 2,246 548,591 106,011 84%
Services & Charges
Professional Services 179,143 198,618 172,655 133,518 132,401 121,843 - 121,843 10,558 92%
Printing & Advertising - - - - - - - - - -
Utilities 356,068 347,863 343,600 396,747 396,747 306,842 - 306,842 89,905 77%
Repairs & Maintenance 72,081 136,704 149,846 140,245 144,811 118,548 12,498 131,046 13,765 90%
Education & Training - 799 - 200 200 - - - 200 0%
Travel - - - - - - - - - -
Insurance 50,834 73,264 52,935 37,520 37,520 33,565 - 33,565 3,955 89%
Other Services & Charges 476,332 476,549 578,463 385,741 382,291 454,610 4,265 458,875 (76,584) 120%
Total Services & Charges 1,134,458 1,233,797 1,297,500 1,093,970 1,093,970 1,035,409 16,762 1,052,171 41,799 96%
Operating Expenditures 3,761,739 3,876,248 4,328,422 3,231,519 4,158,214 3,494,656 19,008 3,513,664 644,549 84%
Interfund Allocations 241,226 252,575 267,354 280,124 280,539 221,603 - 221,603 58,936 79%
Interfund Transfers Out 100,688 - 212,073 107,819 107,819 54,486 - 54,486 53,333 51%
Total Interfund 341,914 252,575 479,427 387,943 388,358 276,089 - 276,089 112,269 71%
Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 4,546,572 3,770,745 19,008 3,789,753 756,818 83%
Net Surplus / (Deficit) 912,799 334,024 (345,003) (84,554) (1,011,664) (269,164) (288,173)
Beginning Cash Balance 194,350 1,016,748 194,350 194,350
Cash Adjustments (90,401) (1,156,422) 1,096,581 -
Ending Cash Balance 1,016,748 194,350 945,928 (817,314) 910,826
Cash Reserves Target 1,025,913 1,032,206 1,201,962 1,136,643
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
October 31, 2025
Fund Name Century Center Capital Fund Number 671
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 5,748 33,418 33,418 19,759 19,759 53,285 53,285 (33,526) 270%
Other Income - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Intergov./ Shared Revenues - 494,855 494,855 500,000 500,000 500,000 500,000 - 100%
Total Revenue 5,748 528,273 528,273 519,759 519,759 553,285 - 553,285 (33,526) 106%
Expenditures by Type
Services & Charges
Professional Services - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - 415,617 223,629 106,740 606,740 50,627 17,021 67,648 539,093 11%
Total Expenditures - 415,617 223,629 106,740 606,740 50,627 17,021 67,648 539,093 11%
Net Surplus / (Deficit) 5,748 112,656 304,644 413,019 (86,981) 502,659 485,638
Beginning Cash Balance 983,710 983,612 983,710 983,710
Cash Adjustments (5,846) (112,558) (301,388) -
Ending Cash Balance 983,612 983,710 986,966 896,729 1,555,851
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
October 31, 2025
Fund Name Century Center Energy Conservation Debt Svc Fund Number 672
Fund Type Debt Service Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 221,437 221,437 221,437 221,437 221,437 221,437 221,437 - 100%
Interest Earnings 2,814 5,924 5,924 622 622 9,931 9,931 (9,309) 1595%
Other Income 58,178 36,231 36,231 55,832 55,832 29,796 29,796 26,036 53%
Interfund Transfers In 100,688 - - 107,819 107,819 54,486 54,486 53,333 51%
Total Revenue 383,117 263,591 263,591 385,710 385,710 315,650 315,650 70,060 82%
Expenditures by Type
Services & Charges
Debt Service Principal 297,175 313,180 309,315 315,561 315,561 315,561 - 315,561 - 100%
Debt Service Interest & Fees 105,192 94,738 84,073 73,193 73,193 73,193 - 73,193 - 100%
Total Expenditures 402,367 407,917 393,388 388,754 388,754 388,754 - 388,754 - 100%
Net Surplus / (Deficit) (19,251) (144,326) (129,796) (3,043) (3,043) (73,103) (73,103)
Beginning Cash Balance 196,702 193,705 196,702 196,702
Cash Adjustments 16,253 147,323 110,057 -
Ending Cash Balance 193,705 196,702 176,962 193,659 78,970
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
October 31, 2025
Fund Name City Cemetery Fund Number 730
Fund Type Special Revenue Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 420 890 890 630 630 1,216 1,216 (586) 193%
Other Income - - - - - - - - -
Total Revenue 420 890 890 630 630 1,216 1,216 (586) 193%
Expenditures by Type
Services & Charges
Repairs & Maintenance - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 420 890 890 630 630 1,216 1,216
Beginning Cash Balance 30,218 30,041 30,218 30,218
Cash Adjustments (598) (713) (569) -
Ending Cash Balance 30,041 30,218 30,540 30,848 34,000
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
October 31, 2025
Fund Name Bowman Cemetery Fund Number 731
Fund Type Special Revenue Fund Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 6,613 14,005 14,005 9,913 9,913 19,136 19,136 (9,223) 193%
Other Income - - - - - - - - -
Total Revenue 6,613 14,005 14,005 9,913 9,913 19,136 19,136 (9,223) 193%
Expenditures by Type
Services & Charges
Repairs & Maintenance - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 6,613 14,005 14,005 9,913 9,913 19,136 19,136
Beginning Cash Balance 475,369 472,576 475,369 475,369
Cash Adjustments (9,406) (11,213) (8,949) -
Ending Cash Balance 472,576 475,369 480,425 485,282 534,860
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
October 31, 2025
Fund Name 2015 Parks Bond Debt Service Fund Number 757
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,217 5,303 5,303 11,163 11,163 4,240 4,240 6,924 38%
Interfund Transfers In 373,724 338,293 338,293 381,031 381,031 311,775 311,775 69,256 82%
Total Revenue 374,941 343,596 343,596 392,195 392,195 316,014 316,014 76,180 81%
Expenditures by Type
Services & Charges
Debt Service Principal 230,000 240,000 240,000 260,000 260,000 260,000 - 260,000 - 100%
Debt Service Interest & Fees 142,556 135,581 128,381 121,031 121,031 121,031 - 121,031 - 100%
Total Expenditures 372,556 375,581 368,381 381,031 381,031 381,031 - 381,031 - 100%
Net Surplus / (Deficit) 2,385 (31,986) (24,786) 11,163 11,163 (65,017) (65,017)
Beginning Cash Balance 587,763 586,111 587,763 587,763
Cash Adjustments (4,036) 33,637 27,170 -
Ending Cash Balance 586,111 587,763 590,148 598,927 529,278
Cash Reserves Target 586,111 587,763 590,148 598,927
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
October 31, 2025
Fund Name Studebaker-Oliver Revitalizing Grants Fund Number 209
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 9,389 18,615 18,615 10,783 10,783 23,476 23,476 (12,693) 218%
Other Income - - - - - - - - -
Total Revenue 9,389 18,615 18,615 10,783 10,783 23,476 23,476 (12,693) 218%
Expenditures by Type
Services & Charges
Professional Services 41,621 25,658 39,368 84,626 199,626 72,033 125,976 198,010 1,616 99%
Total Services & Charges 41,621 25,658 39,368 84,626 199,626 72,033 125,976 198,010 1,616 99%
Capital - - - - - - - - - -
Total Expenditures 41,621 25,658 39,368 84,626 199,626 72,033 125,976 198,010 1,616 99%
Net Surplus / (Deficit) (32,231) (7,043) (20,752) (73,843) (188,843) (48,557) (174,533)
Beginning Cash Balance 692,248 763,112 692,248 692,248
Cash Adjustments 103,095 (63,821) (13,635) -
Ending Cash Balance 763,112 692,248 657,860 503,405 593,267
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
October 31, 2025
Fund Name Economic Development State Grants Fund Number 210
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 126,822 85,650 85,650 - - - - - -
Interest Earnings 51 - - - - - - - -
Other Income - - - - - - - - -
Total Revenue 126,873 85,650 85,650 - - - - - -
Expenditures by Type
Supplies 9,000 - - - - - - - - -
Services & Charges
Professional Services (46,845) - - - - - - - - -
Repairs & Maintenance 246,637 144,348 - - - - - - - -
Debt Service Principal - - - - - - - - - -
Debt Service Interest & Fees - - - - - - - - - -
Grants & Subsidies 20,845 - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges 220,637 144,348 - - - - - - - -
Total Expenditures 229,637 144,348 - - - - - - - -
Net Surplus / (Deficit) (102,763) (58,698) 85,650 - - - -
Beginning Cash Balance 26,876 27,154 26,876 26,876
Cash Adjustments 103,041 58,420 (188,428) -
Ending Cash Balance 27,154 26,876 (75,903) 26,876 (66,903)
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
October 31, 2025
Fund Name Dept of Community Investment Operating Fund Number 211
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - 229,133 229,133 - - 1,571 1,571 (1,571) -
Charges for Services 691,646 266,888 266,888 608,674 608,674 895,099 895,099 (286,425) 147%
Fines, Forfeitures, and Fees 70,178 92,005 92,005 64,500 64,500 65,545 65,545 (1,045) 102%
Interest Earnings 3,006 (92) (92) 100,000 100,000 1,524 1,524 98,476 2%
Other Income 2,750 24,565 24,565 20,000 20,000 26,449 26,449 (6,449) 132%
Interfund Allocation Reimb 181,981 - - - - - - - -
Interfund Transfers In 2,570,000 3,778,841 3,778,841 4,000,000 4,000,000 2,208,000 2,208,000 1,792,000 55%
Total Revenue 3,519,561 4,391,340 4,391,340 4,793,174 4,793,174 3,198,189 3,198,189 1,594,986 67%
Expenditures by Type
Personnel
Salaries & Wages 2,080,766 1,854,286 1,973,676 2,336,348 2,336,348 1,837,869 - 1,837,869 498,479 79%
Fringe Benefits 764,431 831,403 645,485 966,701 966,701 553,575 - 553,575 413,126 57%
Total Personnel 2,845,197 2,685,689 2,619,161 3,303,049 3,303,049 2,391,445 - 2,391,445 911,605 72%
Supplies 33,616 29,510 34,082 71,129 71,129 43,004 6,770 49,774 21,355 70%
Services & Charges
Professional Services 303,797 496,648 618,918 906,021 912,021 558,371 306,358 864,729 47,292 95%
Printing & Advertising 5,797 12,182 14,892 23,979 18,979 6,228 1,983 8,211 10,768 43%
Education & Training 5,447 6,663 15,003 18,200 18,400 11,172 5,475 16,646 1,754 90%
Travel 7,763 8,342 15,891 24,633 24,633 8,129 3,215 11,344 13,289 46%
Repairs & Maintenance 1,367 1,302 1,230 4,406 4,406 (1,846) - (1,846) 6,252 -42%
Other Services & Charges 26,286 16,044 68,764 42,700 41,500 22,940 1,591 24,531 16,969 59%
Total Services & Charges 350,457 541,181 734,699 1,019,938 1,019,938 604,994 318,621 923,615 96,324 91%
Operating Expenditures 3,229,270 3,256,381 3,387,942 4,394,117 4,394,117 3,039,442 325,392 3,364,834 1,029,284 77%
Bad Debt - - - - - - - - - -
Interfund
Interfund Allocations 665,860 758,702 845,870 936,455 936,455 747,173 - 747,173 189,283 80%
Interfund Transfers Out - - - - - - - - - -
Total Interfund 665,860 758,702 845,870 936,455 936,455 747,173 - 747,173 189,283 80%
Total Expenditures 3,895,130 4,015,082 4,233,812 5,330,572 5,330,572 3,786,615 325,392 4,112,007 1,218,567 77%
Net Surplus / (Deficit) (375,569) 376,258 157,528 (537,398) (537,398) (588,426) (913,818)
Beginning Cash Balance 394,125 1,629,498 394,125 394,125
Cash Adjustments 1,610,942 (1,611,630) (528,357) -
Ending Cash Balance 1,629,498 394,125 23,296 (143,273) 50,922
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
October 31, 2025
Fund Name Dept of Community Investment Grants Fund Number 212
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,419,448 5,559,168 5,559,168 3,067,662 3,067,662 3,087,161 3,087,161 (19,499) 101%
Fines, Forfeitures, and Fees - - - - - - - - -
Other Income 71,243 15,178 15,178 67,500 67,500 - - 67,500 0%
Misc Revenue-Interest Earnings - - - 2,857 2,857 - - 2,857 0%
Total Revenue 2,490,691 5,574,346 5,574,346 3,138,019 3,138,019 3,087,161 3,087,161 50,858 98%
Expenditures by Type
Services & Charges
Professional Services 19,785 - - - - - - - - -
Grants & Subsidies 2,804,158 4,310,457 2,859,882 10,771,637 10,771,637 3,310,047 2,526,928 5,836,975 4,934,662 54%
Total Services & Charges 2,823,943 4,310,457 2,859,882 10,771,637 10,771,637 3,310,047 2,526,928 5,836,975 4,934,662 54%
Total Expenditures 2,823,943 4,310,457 2,859,882 10,771,637 10,771,637 3,310,047 2,526,928 5,836,975 4,934,662 54%
Net Surplus / (Deficit) (333,251) 1,263,889 2,714,464 (7,633,618) (7,633,618) (222,886) (2,749,815)
Beginning Cash Balance 409,818 313,907 409,818 409,818
Cash Adjustments 237,341 (1,167,979) (3,280,166) -
Ending Cash Balance 313,907 409,818 (155,885) (7,223,801) 215,257
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
October 31, 2025
Fund Name Unsafe Building Fund Number 219
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 68,583 68,515 68,515 91,240 91,240 59,723 59,723 31,517 65%
Interest Earnings 11,010 24,876 24,876 19,605 19,605 38,109 38,109 (18,504) 194%
Other Income 366 - - - - - - - -
Total Revenue 79,960 93,390 93,390 110,845 110,845 97,832 97,832 13,013 88%
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Professional Services 20,000 17,500 24,780 25,000 25,000 21,836 3,164 25,000 - 100%
Other Services & Charges - - - - - - - - - -
Total Services & Charges 20,000 17,500 24,780 25,000 25,000 21,836 3,164 25,000 - 100%
Operating Expenditures 20,000 17,500 24,780 25,000 25,000 21,836 3,164 25,000 - 100%
Bad Debt - - - - - - - - - -
Total Expenditures 20,000 17,500 24,780 25,000 25,000 21,836 3,164 25,000 - 100%
Net Surplus / (Deficit) 59,960 75,890 68,610 85,845 85,845 75,996 72,832
Beginning Cash Balance 764,981 832,938 764,981 764,981
Cash Adjustments 7,997 (143,848) (11,300) -
Ending Cash Balance 832,938 764,981 822,291 850,826 1,083,686
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
October 31, 2025
Fund Name Rental Units Regulation Fund Number 221
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 45,048 150,899 150,899 250,000 250,000 165,879 165,879 84,121 66%
Interest Earnings 1,596 5,230 5,230 9,380 9,380 16,715 16,715 (7,335) 178%
Interfund Transfers In 70,000 - - - - - - - -
Total Revenue 116,643 156,129 156,129 259,380 259,380 182,594 182,594 76,786 70%
Expenditures by Type
Personnel
Salaries & Wages 52,636 42,182 (5,308) - - - - - - -
Fringe Benefits 26,263 21,718 (425) - - - - - - -
Total Personnel 78,899 63,900 (5,733) - - - - - - -
Supplies - - - - - - - - - -
Services & Charges
Professional Services 985 1,475 62,325 144,866 144,866 2,907 87,959 90,866 54,000 63%
Other Services & Charges - - - - - - - - - -
Total Services & Charges 985 1,475 62,325 144,866 144,866 2,907 87,959 90,866 54,000 63%
Interfund
Interfund Allocations - - - - - - - - - -
Total Interfund - - - - - - - - -
Total Expenditures 79,884 65,375 56,593 144,866 144,866 2,907 87,959 90,866 54,000 63%
Net Surplus / (Deficit) 36,760 90,754 99,537 114,514 114,514 179,686 91,728
Beginning Cash Balance 87,416 189,090 87,416 87,416
Cash Adjustments 64,915 (192,429) (63,427) -
Ending Cash Balance 189,090 87,416 123,526 201,930 586,694
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
October 31, 2025
Fund Name Code Enforcement Fund Number 230
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 28,750 23,580 23,580 25,000 25,000 19,960 19,960 5,040 80%
Charges for Services 53,545 43,575 43,575 45,200 45,200 41,929 41,929 3,271 93%
Fines, Forfeitures, and Fees 292,490 301,742 301,742 181,900 181,900 190,735 190,735 (8,835) 105%
Interest Earnings 1,439 1,261 1,261 - - 6,960 6,960 (6,960) -
Debt Proceeds 500,000 232,000 232,000 356,000 356,000 356,000 356,000 - 100%
Other Income 50,120 19,515 19,515 1,000 1,000 8,468 8,468 (7,468) 847%
Interfund Allocation Reimb - - - - - - - - -
Interfund Transfers In 2,930,968 3,298,000 3,298,000 6,800,000 6,800,000 4,121,000 4,121,000 2,679,000 61%
Total Revenue 3,857,313 3,919,673 3,919,673 7,409,100 7,409,100 4,745,052 4,745,052 2,664,048 64%
Expenditures by Subdivisions
Neighborhood Services 2,843,929 3,247,961 3,742,671 6,495,550 6,495,550 3,800,620 286,423 4,087,043 2,408,507 63%
Animal Resource Center 941,390 1,148,773 1,258,552 1,484,103 1,484,103 950,808 90,230 1,041,038 443,065 70%
Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,979,653 4,751,428 376,653 5,128,080 2,851,572 64%
Expenditures by Type
Personnel
Salaries & Wages 1,341,301 1,808,248 1,997,996 2,946,308 2,946,308 1,923,673 - 1,923,673 1,022,635 65%
Fringe Benefits 543,091 523,537 753,840 1,358,493 1,358,493 675,283 - 675,283 683,210 50%
Total Personnel 1,884,392 2,331,786 2,751,836 4,304,801 4,304,801 2,598,957 - 2,598,957 1,705,845 60%
Supplies 142,735 212,692 179,819 272,021 272,021 129,696 39,421 169,117 102,904 62%
Services & Charges
Professional Services 64,822 119,532 162,559 288,155 288,155 221,370 16,884 238,254 49,901 83%
Printing & Advertising 19,060 11,387 7,497 22,147 22,147 7,775 4,221 11,997 10,150 54%
Utilities 35,837 35,422 38,188 41,389 41,389 32,595 - 32,595 8,794 79%
Repairs & Maintenance 232,670 129,650 352,604 785,816 790,816 150,108 37,607 187,715 603,101 24%
Education & Training 5,305 7,627 8,354 29,900 29,900 9,663 3,255 12,918 16,982 43%
Travel 1,360 6,641 5,430 26,400 26,400 7,757 3,581 11,338 15,062 43%
Other Services & Charges 123,694 199,211 121,521 215,266 210,266 109,038 52,309 161,348 48,918 77%
Debt Service Principal 181,470 207,530 247,430 306,356 306,356 299,176 - 299,176 7,180 98%
Debt Service Interest & Fees 5,625 13,571 19,272 30,088 30,088 26,486 - 26,486 3,602 88%
Total Services & Charges 669,841 730,571 962,854 1,745,517 1,745,517 863,970 117,857 981,827 763,690 56%
Operating Expenditures 2,696,968 3,275,049 3,894,508 6,322,339 6,322,339 3,592,622 157,279 3,749,901 2,572,439 59%
Bad Debt - 270 682 - - 420 - 420 (420) -
Interfund Allocations 767,616 848,209 972,169 1,062,454 1,062,454 806,723 - 806,723 255,731 76%
Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,979,653 4,751,428 376,653 5,128,080 2,851,572 64%
Net Surplus / (Deficit) 71,993 (477,061) (1,081,550) (570,553) (570,553) (6,376) (383,029)
Beginning Cash Balance 497,492 803,572 497,492 497,492
Cash Adjustments 234,088 170,981 1,081,553 -
Ending Cash Balance 803,572 497,492 497,495 (73,061) 3,118
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
October 31, 2025
Fund Name Urban Development Action Grant Fund Number 410
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,046 8,846 8,846 7,950 7,950 2,668 2,668 5,282 34%
Other Income 385,577 - - - - - - - -
Total Revenue 389,623 8,846 8,846 7,950 7,950 2,668 2,668 5,282 34%
Expenditures by Type
Services & Charges
Debt Service Principal 18,000 338,253 - - - - - - - -
Other Services & Charges - - -
Total Expenditures 18,000 338,253 - - - - - - - -
Net Surplus / (Deficit) 371,623 (329,407) 8,846 7,950 7,950 2,668 2,668
Beginning Cash Balance 27,182 32,733 27,182 27,182
Cash Adjustments (366,073) 323,857 361,489 -
Ending Cash Balance 32,733 27,182 397,517 35,132 74,583
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
October 31, 2025
Fund Name Consolidated Building Fund Number 600
Fund Type Enterprise Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,886,287 2,099,002 2,099,002 2,285,800 2,285,800 2,939,231 2,939,231 (653,431) 129%
Fines, Forfeitures, and Fees 5,860 13,890 13,890 13,000 13,000 4,794 4,794 8,206 37%
Interest Earnings 28,301 56,845 56,845 55,082 55,082 137,886 137,886 (82,804) 250%
Other Income 2,105 5,831 5,831 - - 3,410 3,410 (3,410) -
Capital Lease Proceeds - - - - - - - - -
Total Revenue 1,922,553 2,175,568 2,175,568 2,353,882 2,353,882 3,085,321 3,085,321 (731,439) 131%
Expenditures by Type
Personnel
Salaries & Wages 788,291 830,167 881,725 1,032,036 1,032,036 774,237 - 774,237 257,799 75%
Fringe Benefits 343,343 347,728 364,906 490,334 483,834 260,598 - 260,598 223,236 54%
Total Personnel 1,131,634 1,177,895 1,246,632 1,522,370 1,515,870 1,034,835 - 1,034,835 481,035 68%
Supplies 25,192 22,819 22,678 23,000 23,000 15,118 20,287 35,405 (12,405) 154%
Services & Charges
Professional Services - - 760 8,000 8,000 661 3,822 4,483 3,517 56%
Printing & Advertising 161 - 252 4,200 4,200 - - - 4,200 0%
Education & Training 3,413 5,867 5,846 6,000 6,000 4,286 1,085 5,371 629 90%
Travel 9 - - 6,000 6,000 - - - 6,000 0%
Repairs & Maintenance 27,699 30,349 28,036 29,743 29,743 23,746 - 23,746 5,997 80%
Other Services & Charges 28,286 578,003 1,157,292 34,550 2,302,003 1,163,062 - 1,163,062 1,138,941 51%
Debt Service Principal 23,593 4,673 - - - - - - - -
Debt Service Interest & Fees 526 49 - - - - - - - -
Total Services & Charges 83,687 618,941 1,192,185 88,493 2,355,946 1,191,755 4,907 1,196,661 1,159,284 51%
Operating Expenditures 1,240,513 1,819,655 2,461,495 1,633,863 3,894,816 2,241,707 25,194 2,266,901 1,627,914 58%
Capital - 29,033 57,522 80,000 80,000 56,437 - 56,437 23,564 71%
Bad Debt - - - 1,000 1,000 - - - 1,000 0%
Interfund Allocations 665,210 356,582 319,976 350,370 356,870 218,465 - 218,465 138,405 61%
Total Expenditures 1,905,723 2,205,269 2,838,993 2,065,233 4,332,686 2,516,609 25,194 2,541,803 1,790,883 59%
Net Surplus / (Deficit) 16,830 (29,702) (663,425) 288,649 (1,978,804) 568,712 543,518
Beginning Cash Balance 2,102,372 2,127,056 2,102,372 2,102,372
Cash Adjustments 7,855 5,017 673,217 -
Ending Cash Balance 2,127,056 2,102,372 2,112,164 123,567 3,816,337
Cash Reserves Target 476,431 551,317 709,748 1,083,172
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
October 31, 2025
Fund Name Industrial Revolving Fund Fund Number 754
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,749,980 - - - - - - - -
Interest Earnings 50,529 156,288 156,288 221,654 221,654 138,270 138,270 83,384 62%
Other Income 809,701 979,867 979,867 847,900 847,900 222,853 222,853 625,047 26%
Total Revenue 5,610,209 1,136,154 1,136,154 1,069,554 1,069,554 361,123 361,123 708,431 34%
Expenditures by Type
Services & Charges
Professional Services 246,601 48,257 36,211 511,693 511,693 35,364 37,880 73,244 438,449 14%
Other Services & Charges 21,756 38,120 45,905 36,962 36,962 45,363 357 45,720 (8,758) 124%
Grants & Subsidies 4,290,000 - - - - - - - - -
Total Services & Charges 4,558,357 86,377 82,115 548,655 548,655 80,727 38,237 118,964 429,691 22%
Bad Debt - - - - - - - - - -
Total Expenditures 4,558,357 86,377 82,115 548,655 548,655 80,727 38,237 118,964 429,691 22%
Net Surplus / (Deficit) 1,051,853 1,049,778 1,054,039 520,899 520,899 280,396 242,159
Beginning Cash Balance 3,700,843 2,406,914 3,700,843 3,700,843
Cash Adjustments (2,345,781) 244,151 (23,859) -
Ending Cash Balance 2,406,914 3,700,843 4,731,022 4,221,741 4,444,153
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
October 31, 2025
Fund Name 2015 Smart Streets Bond Debt Service Fund Number 756
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 36,162 36,162 77 77 36,085 0%
Interfund Transfers In 1,715,000 1,714,000 1,714,000 1,710,844 1,710,844 1,713,500 1,713,500 (2,656) 100%
Total Revenue 1,715,091 1,714,091 1,714,091 1,747,006 1,747,006 1,713,577 1,713,577 33,429 98%
Expenditures by Type
Services & Charges
Debt Service Principal 1,060,000 1,090,000 1,120,000 1,160,000 1,160,000 1,160,000 - 1,160,000 - 100%
Debt Service Interest & Fees 651,344 619,319 586,394 552,844 552,844 552,494 - 552,494 350 100%
Total Expenditures 1,711,344 1,709,319 1,706,394 1,712,844 1,712,844 1,712,494 - 1,712,494 350 100%
Net Surplus / (Deficit) 3,748 4,773 7,698 34,162 34,162 1,084 1,084
Beginning Cash Balance 1,742,699 1,739,076 1,742,699 1,742,699
Cash Adjustments (7,370) (1,150) (3,950) -
Ending Cash Balance 1,739,076 1,742,699 1,746,446 1,776,861 1,758,501
Cash Reserves Target 1,739,076 1,742,699 1,746,446 1,776,861
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
October 31, 2025
Fund Name 2017 Eddy Street Commons Bond Capital Fund Number 759
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 25,565 1 1 515 515 1 1 514 0%
Total Revenue 25,565 1 1 515 515 1 1 514 0%
Expenditures by Type
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 25,565 1 1 515 515 1 1
Beginning Cash Balance 25,763 25,762 25,763 25,763
Cash Adjustments (25,566) - - -
Ending Cash Balance 25,762 25,763 25,764 26,278 25,768
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
October 31, 2025
Fund Name 2017 Eddy Street Commons Bond Debt Service Fund Number 760
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 188 187 187 75,577 75,577 157 157 75,420 0%
Interfund Transfers In 1,926,375 1,929,875 1,929,875 1,955,125 1,955,125 1,955,125 1,955,125 - 100%
Total Revenue 1,926,563 1,930,062 1,930,062 2,030,702 2,030,702 1,955,282 1,955,282 75,420 96%
Expenditures by Type
Services & Charges
Debt Service Principal 720,000 760,000 810,000 865,000 865,000 865,000 - 865,000 - 100%
Debt Service Interest & Fees 1,206,375 1,169,875 1,131,375 1,090,125 1,090,125 1,090,125 - 1,090,125 - 100%
Total Expenditures 1,926,375 1,929,875 1,941,375 1,955,125 1,955,125 1,955,125 - 1,955,125 - 100%
Net Surplus / (Deficit) 188 187 (11,313) 75,577 75,577 157 157
Beginning Cash Balance 3,668,611 3,463,323 3,668,611 3,668,611
Cash Adjustments (205,476) 205,101 11,500 -
Ending Cash Balance 3,463,323 3,668,611 3,668,799 3,744,188 3,669,331
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
October 31, 2025
Fund Name Central Services Fund Number 222
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 3,281 2,738 2,738 2,200 2,200 2,695 2,695 (495) 122%
Charges for Services 9,160,143 8,923,201 8,923,201 11,965,257 11,965,257 8,571,312 8,571,312 3,393,945 72%
Interest Earnings 7,009 78 78 - - 5,332 5,332 (5,332) -
Other Income 115,532 59,794 59,794 59,500 65,377 80,151 80,151 (14,774) 123%
Interfund Allocation Reimb 160,000 160,000 160,000 160,000 160,000 133,333 133,333 26,667 83%
Interfund Transfers In - - - - - - - - -
Total Revenue 9,445,964 9,145,812 9,145,812 12,186,957 12,192,834 8,792,822 8,792,822 3,400,011 72%
Expenditures by Division
Equipment Services 9,334,778 9,412,885 10,298,079 11,374,587 11,367,689 8,125,640 25,001 8,150,641 3,217,047 72%
Print Shop - - - - - - - - - -
Radio Shop 192,096 213,640 232,485 344,536 344,536 228,977 4,068 233,045 111,491 68%
Building Maintenance 173,605 195,423 236,661 293,248 360,221 210,199 636 210,835 149,386 59%
Facilities Management 142,772 159,963 144,771 192,746 244,039 128,737 - 128,737 115,302 53%
Capital 67,785 168,092 138,767 358,150 358,150 71,615 73,170 144,785 213,365 40%
Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,674,635 8,765,168 102,875 8,868,043 3,806,591 70%
Expenditures by Type
Personnel
Salaries & Wages 1,765,863 1,778,787 2,254,224 2,711,264 2,807,478 2,016,582 - 2,016,582 790,896 72%
Fringe Benefits 751,937 721,904 860,801 1,244,945 1,252,303 740,745 5,801 746,546 505,757 60%
Total Personnel 2,517,800 2,500,690 3,115,025 3,956,209 4,059,781 2,757,327 5,801 2,763,128 1,296,653 68%
Supplies 6,392,707 6,543,875 6,834,645 7,190,091 7,190,091 5,085,082 2,309 5,087,392 2,102,699 71%
Services & Charges
Professional Services 12,641 6,968 15,569 86,530 78,805 1,735 - 1,735 77,070 2%
Printing & Advertising - - - - - - - - - -
Utilities 73,151 68,323 60,520 80,881 80,881 56,182 - 56,182 24,699 69%
Repairs & Maintenance 123,289 279,396 190,780 371,358 387,356 144,583 85,102 229,684 157,671 59%
Education & Training 4,953 4,990 8,182 18,050 15,801 7,282 3,975 11,257 4,544 71%
Travel 61 2,342 2,875 4,850 4,703 1,853 - 1,853 2,850 39%
Other Services & Charges 13,527 12,570 12,594 21,187 21,187 9,605 5,688 15,294 5,893 72%
Debt Service Principal 8,069 8,254 4,198 - - - - - - -
Debt Service Interest & Fees 422 237 48 - - - - - - -
Total Services & Charges 236,114 383,080 294,765 582,856 588,732 221,239 94,765 316,004 272,727 54%
Capital 7,239 - 25,342 7,200 7,200 - - - 7,200 0%
Interfund
Interfund Allocations 757,176 722,359 780,985 826,912 828,831 701,519 - 701,519 127,312 85%
Interfund Transfers Out - - - - - - - - - -
Total Interfund 757,176 722,359 780,985 826,912 828,831 701,519 - 701,519 127,312 85%
Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,674,635 8,765,168 102,875 8,868,043 3,806,591 70%
Net Surplus / (Deficit) (465,072) (1,004,193) (1,904,950) (376,310) (481,801) 27,655 (75,221)
Beginning Cash Balance 658,666 1,209,079 658,666 658,666
Cash Adjustments 1,015,485 453,779 1,552,063 -
Ending Cash Balance 1,209,079 658,666 305,778 176,865 212,623
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
October 31, 2025
Fund Name Central Services Capital Fund Number 224
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue - - - - - - - - -
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Repairs & Maintenance - - - - - - - - - -
Debt Service Principal - - - - - - - - - -
Debt Service Interest & Fees - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) - - - - - - -
Beginning Cash Balance - 26,221 - -
Cash Adjustments 26,221 (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
October 31, 2025
Fund Name Liability Insurance Fund Number 226
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 79,266 164,629 164,629 117,112 117,112 282,286 282,286 (165,174) 241%
Other Income 741,339 500,956 500,956 - - 42,649 42,649 (42,649) -
Interfund Allocation Reimb 3,365,000 3,583,000 3,583,000 3,639,999 3,639,999 3,033,333 3,033,333 606,667 83%
Interfund Transfers In - - - - - - - - -
Total Revenue 4,185,605 4,248,586 4,248,586 3,757,111 3,757,111 3,358,268 3,358,268 398,844 89%
Expenditures by Division
Safety/Risk Management - - - - - - - - - -
Liability Insurance 1,555,388 1,062,020 1,184,958 1,353,674 1,353,674 1,260,814 86,643 1,347,456 6,218 100%
Business Insurance 2,429,126 872,633 521,205 1,270,443 1,228,943 483,574 181,938 665,512 563,432 54%
Workers' Compensation 1,068,632 1,086,164 1,392,161 1,405,424 1,446,924 1,023,069 26,287 1,049,356 397,568 73%
Catastrophic Events 479 500 - 92,733 92,733 - - - 92,733 0%
Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 4,122,275 2,767,456 294,868 3,062,325 1,059,951 74%
Expenditures by Type
Personnel
Salaries & Wages - - - - - - - - - -
Fringe Benefits - - - - - - - - - -
Other Personnel Costs 24,902 29,792 37,660 55,000 55,000 38,949 13,863 52,812 2,189 96%
Total Personnel 24,902 29,792 37,660 55,000 55,000 38,949 13,863 52,812 2,189 96%
Supplies - - - - - - - - - -
Services & Charges
Professional Services 405,364 498,869 275,275 418,443 672,943 380,053 181,938 561,992 110,952 84%
Education & Training - - - - - - - - - -
Travel - - - - - - - - - -
Repairs & Maintenance 1,710,233 231,043 - - - - - - - -
Insurance 2,121,803 2,052,688 2,427,744 2,282,474 2,432,974 2,102,800 31,177 2,133,977 298,997 88%
Other Services & Charges 790,843 208,426 357,645 1,273,624 868,624 245,655 67,890 313,544 555,080 36%
Total Services & Charges 5,028,243 2,991,026 3,060,665 3,974,541 3,974,541 2,728,508 281,005 3,009,513 965,029 76%
Capital 479 500 - 92,733 92,733 - - - 92,733 0%
Interfund
Interfund Allocations - - - - - - - - - -
Total Interfund - - - - - - - - - -
Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 4,122,275 2,767,456 294,868 3,062,325 1,059,951 74%
Net Surplus / (Deficit) (868,019) 1,227,268 1,150,261 (365,164) (365,164) 590,811 295,943
Beginning Cash Balance 6,100,867 5,956,858 6,100,867 6,100,867
Cash Adjustments 724,011 (1,083,259) (1,490,355) -
Ending Cash Balance 5,956,858 6,100,867 5,760,773 5,735,703 8,027,107
Cash Reserves Target 2,526,812 1,510,659 1,549,162 2,061,137
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
October 31, 2025
Fund Name IT / Innovation / 311 Call Center Fund Number 279
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 9,620,204 9,990,823 9,990,823 14,991,280 14,991,280 12,357,913 12,357,913 2,633,367 82%
Charges for Services - 2,602 2,602 - - - - - -
Debt Proceeds 166,343 - - - - - - - -
Other Income 131,610 131,250 131,250 - 67,234 164,331 164,331 (97,097) 244%
Donations 181,987 15,000 15,000 - 50,000 50,000 50,000 - 100%
Interest Earnings 53,386 123,322 123,322 72,145 72,145 220,934 220,934 (148,790) 306%
Total Revenue 10,153,530 10,262,996 10,262,996 15,063,425 15,180,658 12,793,178 12,793,178 2,387,480 84%
Expenditures by Division
311 Call Center 637,390 675,189 1,194,171 1,418,380 1,418,380 1,149,129 - 1,149,129 269,250 81%
Innovation & Technology 8,398,022 8,751,316 11,307,227 16,257,128 16,813,361 11,511,917 1,703,660 13,215,577 3,597,785 79%
Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 18,231,741 12,661,046 1,703,660 14,364,706 3,867,035 79%
Expenditures by Type
Personnel
Salaries & Wages 1,965,182 2,176,973 3,198,257 3,532,087 3,572,332 2,914,525 - 2,914,525 657,807 82%
Fringe Benefits 711,976 794,161 1,120,370 1,494,332 1,451,346 962,863 - 962,863 488,483 66%
Total Personnel 2,677,158 2,971,134 4,318,627 5,026,419 5,023,678 3,877,388 - 3,877,388 1,146,290 77%
Supplies 468,930 164,623 704,783 1,459,089 1,597,589 992,098 35,628 1,027,726 569,863 64%
Services & Charges
Professional Services 782,666 967,886 811,905 2,434,042 2,854,743 1,273,503 681,563 1,955,066 899,677 68%
Printing & Advertising 4,366 6,393 11,108 15,600 15,650 3,601 - 3,601 12,049 23%
Repairs & Maintenance 3,802,342 4,116,523 5,556,651 7,360,813 7,361,326 5,471,334 896,034 6,367,368 993,958 86%
Education & Training 34,682 32,822 19,183 67,095 64,765 19,229 4,968 24,197 40,568 37%
Travel 24,829 30,830 46,813 49,916 46,761 36,051 5,568 41,619 5,142 89%
Other Services & Charges 243,852 255,730 270,067 324,037 325,992 224,787 12,470 237,257 88,735 73%
Debt Service Principal 930,920 817,680 686,269 835,752 835,752 700,969 67,429 768,398 67,354 92%
Debt Service Interest & Fees 65,014 57,489 68,681 96,426 96,426 55,018 - 55,018 41,408 57%
Total Services & Charges 5,888,671 6,285,351 7,470,676 11,183,681 11,601,414 7,784,492 1,668,032 9,452,524 2,148,891 81%
Operating Expenditures 9,034,758 9,421,108 12,494,086 17,669,189 18,222,682 12,653,979 1,703,660 14,357,639 3,865,044 79%
Total Interfund 653 5,398 7,312 6,318 9,059 7,067 - 7,067 1,992 78%
Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 18,231,741 12,661,046 1,703,660 14,364,706 3,867,036 79%
Net Surplus / (Deficit) 1,118,119 836,490 (2,238,402) (2,612,083) (3,051,083) 132,132 (1,571,528)
Beginning Cash Balance 3,482,865 2,125,192 3,482,865 3,482,865
Cash Adjustments (2,475,792) 521,182 3,453,866 -
Ending Cash Balance 2,125,192 3,482,865 4,698,328 431,782 6,694,516
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
October 31, 2025
Fund Name Self-Funded Employee Benefits Fund Number 711
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 16,151,649 17,264,637 17,264,637 18,082,500 18,082,500 14,892,010 14,892,010 3,190,490 82%
Other Income 868,171 645,958 645,958 810,000 810,000 676,205 676,205 133,795 83%
Interest Earnings 153,013 281,357 281,357 184,659 184,659 343,267 343,267 (158,608) 186%
Total Revenue 17,172,834 18,191,953 18,191,953 19,077,159 19,077,159 15,911,483 15,911,483 3,165,677 83%
Expenditures by Subdivision
Health Insurance 16,778,282 17,293,498 17,289,436 20,078,498 20,078,498 16,951,796 905,155 17,856,952 2,221,546 89%
Workplace Wellness Clinic 349,692 1,862,320 1,301,396 1,289,140 1,289,140 1,287,839 365,366 1,653,205 (364,066) 128%
Employee Wellness 86,404 81,555 143,832 145,000 145,000 102,797 16,910 119,707 25,293 83%
Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 21,512,637 18,342,432 1,287,431 19,629,864 1,882,773 91%
Expenditures by Type
Personnel
Other Personnel Costs 16,086,840 16,566,627 16,665,572 19,326,491 19,326,491 16,502,933 817,346 17,320,279 2,006,212 90%
Total Personnel 16,086,840 16,566,627 16,665,572 19,326,491 19,326,491 16,502,933 817,346 17,320,279 2,006,212 90%
Supplies 49,303 64,176 113,029 179,183 179,183 67,263 61,104 128,367 50,816 72%
Services & Charges
Professional Services 460,652 1,993,988 1,384,334 1,336,061 1,336,061 1,308,155 326,541 1,634,696 (298,635) 122%
Printing & Advertising - - - 100 100 - - - 100 0%
Insurance 613,232 603,954 568,178 669,303 669,303 466,573 82,441 549,013 120,290 82%
Other Services & Charges 4,351 8,628 3,551 1,500 1,500 (2,491) - (2,491) 3,991 -166%
Total Services & Charges 1,078,234 2,606,570 1,956,063 2,006,964 2,006,964 1,772,237 408,981 2,181,218 (174,254) 109%
Bad Debt - - - - - - - - - -
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 21,512,637 18,342,432 1,287,431 19,629,864 1,882,774 91%
Net Surplus / (Deficit) (41,543) (1,045,420) (542,711) (2,435,478) (2,435,478) (2,430,949) (3,718,381)
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 8,350,937 7,543,986
Cash Reserves Target 4,303,594 4,809,343 4,683,666 5,378,159
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
October 31, 2025
Fund Name Unemployment Compensation Fund Number 713
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 77,230 8,305 8,305 85,000 85,000 14,839 14,839 70,161 17%
Interest Earnings 899 2,161 2,161 1,992 1,992 - - 1,992 0%
Other Income - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue 78,129 10,467 10,467 86,992 86,992 14,839 14,839 72,153 17%
Expenditures by Type
Personnel
Other Personnel Costs 24,444 77,693 77,729 - 82,500 81,513 - 81,513 987 99%
Total Expenditures 24,444 77,693 77,729 - 82,500 81,513 - 81,513 987 99%
Net Surplus / (Deficit) 53,685 (67,226) (67,263) 86,992 4,492 (66,674) (66,674)
Beginning Cash Balance - 31,859 - -
Cash Adjustments (21,826) 35,368 145,141 -
Ending Cash Balance 31,859 - 77,878 4,492 (66,282)
Cash Reserves Target 6,111 19,423 19,432 20,625
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
October 31, 2025
Fund Name Parental Leave Fund Number 714
Fund Type Internal Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 260,138 283,791 283,791 297,000 297,000 259,703 259,703 37,297 87%
Interest Earnings 4,817 14,964 14,964 14,871 14,871 36,954 36,954 (22,082) 248%
Total Revenue 264,956 298,755 298,755 311,871 311,871 296,657 296,657 15,215 95%
Expenditures by Type
Personnel
Salaries & Wages 79,873 83,396 78,021 150,000 150,000 111,641 - 111,641 38,359 74%
Total Expenditures 79,873 83,396 78,021 150,000 150,000 111,641 - 111,641 38,359 74%
Net Surplus / (Deficit) 185,082 215,359 220,734 161,871 161,871 185,016 185,016
Beginning Cash Balance 226,711 157,521 226,711 226,711
Cash Adjustments (254,271) (146,170) (36,928) -
Ending Cash Balance 157,521 226,711 410,517 388,582 1,063,213
Cash Reserves Target 6,390 6,672 6,242 12,000
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
October 31, 2025
Fund Name Rainy Day Fund Number 102
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 151,774 321,428 321,428 227,508 227,508 439,183 439,183 (211,675) 193%
Total Revenue 151,774 321,428 321,428 227,508 227,508 439,183 439,183 (211,675) 193%
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 151,774 321,428 321,428 227,508 227,508 439,183 439,183
Beginning Cash Balance 10,910,077 10,845,986 10,910,077 10,910,077
Cash Adjustments (215,865) (257,337) (11,231,505) -
Ending Cash Balance 10,845,986 10,910,077 - 11,137,585 12,275,442
Cash Reserves Target 8,998,791 9,572,779 9,643 10,050,609
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
October 31, 2025
Fund Name Gift, Donation, Bequest Fund Number 217
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 13,750 26,704 26,704 86,747 86,747 88,084 88,084 (1,336) 102%
Bloomberg Mayors Challenge - - - - - - - - -
ODI Pitch Program - - - - 2,000 2,000
Human Rights Scholarship Prog. - 2,450 2,450 12,000 12,000 14,380 14,380 (2,380) 120%
Misc Revenue-Donations from Private Sources 59,996 49,909 49,909 20,000 20,000 20,967 20,967 (967) 105%
Office of Sustainability - - - - - - - - -
Historic Preservation 63 51 51 - - 38 38 (38) -
Home Energy Improvements 105,000 - - - - 41,100 41,100 (41,100) -
Code Enforcement Demolitions - - - - - - - - -
Animal Resource Center Donations - - - - - - - - -
Pokagon Band Donation 100,000 100,000 100,000 - - - - - -
Public Donation from Private Sources - 3,473,000 3,473,000 - - - - - -
Total Revenue 278,809 3,652,115 3,652,115 118,747 120,747 166,569 164,569 (45,821) 136%
Expenditures by Project
Wayfinding Signage Project - - 5,295,688 1,704,312 1,629,312 698,586 368,041 1,066,627 562,685 65%
UNDP - - - - 50,000 3,708 15,975 19,683 30,317 39%
Bloomberg Mayors Challenge 232,795 78,044 - - - - - - - -
Human Rights Scholarship Prog. - 5,856 2,971 9,000 14,000 6,348 2,000 8,348 5,652 60%
Historic Preservation Commiss. - 266 - 1,000 1,000 691 - 691 309 69%
Bike Signage - - - 2,500 2,500 - - - 2,500 0%
Electric Vehicle Charging Station 32,818 24,565 10,163 25,000 51,040 23,243 (4,660) 18,583 32,457 36%
Home Energy Improvements - - - - 11,460 - 11,460 11,460 - 100%
Animal Resource Center 34,535 38,753 31,148 50,000 50,000 55,998 8,275 64,274 (14,274) 129%
Code Enforcement Demolitions 44,425 - - - - - - - - -
Pokagon Band Donation - - - - - - - - - -
Total Expenditures 344,573 147,483 5,339,970 1,791,812 1,809,312 788,573 401,092 1,189,665 619,646 66%
Expenditures by Type
Supplies 32,818 8,182 - 2,500 2,500 - - - 2,500 0%
Services & Charges
Professional Services 267,330 116,796 5,326,836 1,754,312 1,679,312 754,584 376,317 1,130,900 548,411 67%
Printing & Advertising - 4,732 2,971 1,000 6,000 5,039 - 5,039 961 84%
Repairs & Maintenance - 11,460 - 25,000 25,000 22 - 22 24,978 0%
Grants & Subsidies - 6,313 10,163 9,000 96,500 28,928 24,775 53,703 42,797 56%
Other Services & Charges 44,425 - - - - - - - - -
Facilities Management - - - - - - - - - -
Total Services & Charges 311,755 139,302 5,339,970 1,789,312 1,806,812 788,573 401,092 1,189,665 617,147 66%
Total Expenditures 344,573 147,483 5,339,970 1,791,812 1,809,312 788,573 401,092 1,189,665 619,647 66%
Net Surplus / (Deficit) (65,765) 3,504,631 (1,687,855) (1,673,065) (1,688,565) (622,004) (1,025,096)
978,522
Beginning Cash Balance 978,522 981,455 978,522 978,522
Cash Adjustments 68,698 (3,507,564) 1,604,090 -
Ending Cash Balance 981,455 978,522 894,757 (710,043) 2,205,962
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
October 31, 2025
Fund Name Loss Recovery Fund Number 227
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 5,761 53,138 53,138 41,355 41,355 116,523 116,523 (75,168) 282%
Intergov./State Grants-Health 634,425 1,067,118 1,067,118 - - 341,203 341,203 (341,203) -
Total Revenue 640,186 1,120,256 1,120,256 41,355 41,355 457,726 457,726 (416,371) 1107%
Expenditures by Type
Services & Charges
Professional Services - - - 200,000 200,000 - 156,000 156,000 44,000 78%
Other Services & Charges - - - 210,000 210,000 - - - 210,000 0%
Total Expenditures - - - 410,000 410,000 - 156,000 156,000 254,000 38%
Net Surplus / (Deficit) 640,186 1,120,256 1,120,256 (368,645) (368,645) 457,726 301,726
Beginning Cash Balance 414,099 481,214 414,099 414,099
Cash Adjustments (573,071) (1,187,371) (481,427) -
Ending Cash Balance 481,214 414,099 1,052,929 45,454 3,581,594
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
October 31, 2025
Fund Name Human Rights Federal Grants Fund Number 258
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 66,260 8,775 8,775 187,000 151,900 89,900 89,900 62,000 59%
Charges for Services 1,667 20,000 20,000 - 10,000 10,000 10,000 - 100%
Interest Earnings 4,033 6,995 6,995 3,000 3,000 9,570 9,570 (6,570) 319%
Other Income - - - 40,000 - - - - -
Total Revenue 71,960 35,770 35,770 230,000 164,900 109,470 109,470 55,430 66%
Expenditures by Subdivision
General 2,760 - - - - - - - - -
EEOC 98,244 96,673 116,706 129,396 157,626 121,314 1,200 122,514 35,112 78%
HUD 81,278 100,097 114,345 230,182 317,082 134,462 4,400 138,862 178,220 44%
Total Expenditures 182,282 196,770 231,051 359,577 474,707 255,776 5,600 261,376 213,332 55%
Expenditures by Type
Personnel
Salaries & Wages 108,072 121,381 142,532 146,200 154,260 116,250 - 116,250 38,010 75%
Fringe Benefits 31,431 46,580 51,677 62,377 64,317 47,432 - 47,432 16,885 74%
Total Personnel 139,503 167,962 194,209 208,577 218,577 163,682 - 163,682 54,895 75%
Supplies 824 1,280 2,402 12,000 12,000 2,535 - 2,535 9,465 21%
Services & Charges
Professional Services 21,692 1,667 250 16,400 96,023 7,171 4,400 11,571 84,452 12%
Printing & Advertising 9,323 23,500 12,284 52,000 61,775 30,678 - 30,678 31,097 50%
Education & Training 3,503 - 9,675 16,000 18,400 9,105 1,200 10,305 8,095 56%
Travel 7,295 2,068 11,891 23,000 26,713 11,746 - 11,746 14,967 44%
Repair & Maintenance - - - - 400 32 - 32 368 8%
Other Services & Charges 141 - - 31,000 12,000 2,199 - 2,199 9,801 18%
- 294 340 600 600 410 - 410 190 68%
Total Services & Charges 41,955 27,235 34,101 138,400 215,311 60,931 5,600 66,531 148,780 31%
Capital - - - - 28,219 28,218 - 28,218 1 100%
Interfund
Interfund Allocations - 294 340 600 600 410 - 410 190 68%
Interfund Transfers Out - - - - - - - - - -
Total Interfund - 294 340 600 600 410 - 410 190 68%
Total Expenditures 182,282 196,770 231,051 359,577 474,707 255,776 5,600 261,376 213,331 55%
Net Surplus / (Deficit) (110,322) (161,000) (195,282) (129,577) (309,807) (146,306) (151,906)
Beginning Cash Balance 426,544 486,159 426,544 426,544
Cash Adjustments 169,937 101,385 84,260 -
Ending Cash Balance 486,159 426,544 315,523 116,737 164,520
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
October 31, 2025
Fund Name American Rescue Plan Fund Number 263
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - -
Interest Earnings 707,757 180,695 180,695 - - 35,833 35,833 (35,833) -
Total Revenue 30,162,781 180,695 180,695 - - 35,833 35,833 (35,833) -
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 9,321,898 24,553 24,553 23,274 1,153 24,427 126 99%
Total Expenditures 48,778,388 945,227 9,321,898 24,553 24,553 23,274 1,153 24,427 126 99%
Net Surplus / (Deficit) (18,615,607) (764,532) (9,141,203) (24,553) (24,553) 12,559 11,407
Beginning Cash Balance 29,536,642 - 29,536,642 29,536,642
Cash Adjustments (10,921,035) 30,301,173 (9,515,979) -
Ending Cash Balance - 29,536,642 10,879,460 29,512,089 993,341
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
October 31, 2025
2025 2025 2025 2025 Total
2022 223 2024 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) 8,812,411 10,775,075 - 758,238 13,188,536 2,371,512 4,040,209 6,411,721 6,776,814 49%
Solid Waste Operations Fund (#640) - - - - 109,035 - - - 109,035 0%
Water Works Operations Fund (#620) - - - - 134,865 - - - 134,865 0%
Sewer Repair Insurance Fund (#640) - - - - - - - - - -
Sewer Works Operations Fund (#641) - - - - - - - - - -
Project Releaf Fund (#655) - - - - - - - - - -
Storm Sewer Fund (#667) - - - - 10,305 - - - 10,305 0%
American Rescue Plan (#263)2,697,983 945,227 - 16,962 24,553 23,274 1,153 24,427 126 99%
Total Expenditures by Fund 11,510,393 11,720,302 - 775,200 13,467,294 2,394,786 4,041,362 6,436,148 7,031,145 48%
Expenditures by ARP Programs
Strong Neighborhoods
Home Repair Assistance Programs 4,980 1,440 - 16,870 1,439,107 16,870 55,160 72,030 1,367,077 5%
Housing Financing - 121,108 - 143,638 1,895,438 389,669 1,505,769 1,895,438 - 100%
Home Buying Assistance 55 - - - 999,945 - - - 999,945 0%
Additional Neighborhood Infrastructure 737,196 1,232,733 - - 257,449 167,068 - 167,068 90,380 65%
City-wide Comprehensive Plan 174,195 105,479 - - 189,159 10,000 - 10,000 179,159 5%
Plan Implementation 17,000 251,541 - - 31,459 9,000 22,400 31,400 59 100%
Land Bank Startup Costs - 27,390 - - 203,225 - - - 203,225 0%
Demolitions (Vacant & Abandoned / Commercial) 892,419 128,991 - (89,145) 1,529,746 154,551 31,501 186,052 1,343,693 12%
Neighborhood Development Assistance - 0 - - 95,453 6,558 65,442 72,000 23,453 75%
Vacant Building Development Financing - 500,000 - - 1,000,000 - 1,000,000 1,000,000 - 100%
Neighborhood Recovery Grants - 80,000 - - 120,000 92,716 - 92,716 27,284 77%
Neighborhood Main Streets (Bike Racks, Trash Cans, etc.) 16,840 15,644 - 9,362 289,643 80,362 132,778 213,140 76,504 74%
Athletic Court Repair 1,009,229 504,772 - - 70,523 - 70,523 70,523 - 100%
Subtotal 2,851,915 2,969,099 - 80,725 8,121,145 926,794 2,883,573 3,810,367 4,310,779 47%
Safe Community for Everyone
Homelessness Strategy Implementation 200,000 - - - - - - - - -
County Partnerships on Homelessness & Mental Health 1,000,000 5,241,510 - - 5,090 90 - 90 5,000 2%
Gun Violence Intervention 15,668 63,222 - 9,185 332,238 79,562 - 79,562 252,676 24%
Public Safety Technology Upgrades 195,531 814,425 - 439 224,476 57,896 74,948 132,843 91,633 59%
COVID Response - - - - - - - - - -
COVID Facilities Upgrades 66,774 209,033 - 11,413 11,492 11,413 - 11,413 79 99%
ARP Premium Pay 1,889,660 - - - - - - - - -
Subtotal 3,367,632 6,328,189 - 21,036 573,296 148,960 74,948 223,908 349,388 39%
Robust, Sustainable Infrastructure - Green Infrastructure
Greener Homes - - - - - - - - - -
Solarize, Switch & Save 133,500 91,060 - - 75,440 - - - 75,440 0%
Commercial Recycling Partnership for CBD’s - 806 - - 74,194 7,166 4,204 11,369 62,825 15%
EV Plan & Deployment 2,897 85,277 - - 61,826 - - - 61,826 0%
Distributed Solar/Storage 150,000 - - - 850,000 - - - 850,000 0%
Subtotal 286,397 177,143 - - 1,061,460 7,166 4,204 11,369 1,050,091 1%
Equitable Access to Opportunity
Small Business Assistance - 107,366 - 137,181 1,168,969 731,150 517,983 1,249,133 (80,164) 107%
Utility Relief 1,131,794 868,000 - - 254,411 - - - 254,411 0%
Streamlined Assistance 281,613 133,800 - 19,296 101,417 27,442 40,703 68,145 33,271 67%
Opportunity Fund 54,600 64,434 - 500,000 1,000,001 500,000 500,000 1,000,000 1 100%
Immigration Support 63,848 37,500 - - 2 - - - 2 0%
Subtotal 1,531,856 1,211,100 - 656,477 2,524,799 1,258,592 1,058,686 2,317,278 207,521 92%
Youth and Workforce Development
Workforce Development 152,606 44,645 - - 51,399 30,000 18,799 48,799 2,600 95%
Dream Center 808,323 945,227 - 16,962 24,553 23,274 1,153 24,427 126 99%
Pre-K Centers 2,511,664 44,898 - - 1,110,642 - - - 1,110,642 0%
Subtotal 3,472,593 1,034,770 - 16,962 1,186,594 53,274 19,952 73,226 1,113,368 6%
Total Expenditures by Program 11,510,393 11,720,302 - 775,200 13,467,294 2,394,786 4,041,362 6,436,148 7,031,147 48%
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
October 31, 2025
Fund Name COVID-19 Response Fund Number 264
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 460,352 368,404 368,404 5,000 5,000 4,166 4,166 834 83%
Other Income - - - - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue 460,352 368,404 368,404 5,000 5,000 4,166 4,166 834 83%
Expenditures by Activity
Mayor's Office - - - - - - - - - -
Common Couuncil - - - - - - - - - -
Administration & Finance - - - - - - - - - -
Public Works - - - - - - - - - -
Innovation & Technology - - - - - - - - - -
Police Department - - - - - - - - - -
Fire Department - - - - - - - - - -
Community Investment 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) -
Venues, Parks & Arts - - - - - - - - - -
Code Enforcement - - - - - - - - - -
Building Department - - - - - - - - - -
Total Expenditures 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) -
Expenditures by Type
Supplies - - - - - - - - - -
Services & Charges
Professional Services - - - - - - - - - -
Printing & Advertising - - - - - - - - - -
Repairs & Maintenance - - - - - - - - - -
Grants & Subsidies 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) -
Other Services & Charges - - - - - - - - - -
Total Services & Charges 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) -
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) -
Net Surplus / (Deficit) (64,649) (15,001) 250,265 5,000 5,000 - -
Beginning Cash Balance - 53,214 - -
Cash Adjustments 117,864 (38,213) (303,186) -
Ending Cash Balance 53,214 - (52,921) 5,000 -
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
October 31, 2025
Fund Name Local Income Tax - Certified Shares Fund Number 404
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 9,591,298 - - - - - - - -
Interest Earnings 205,249 (329,900) (329,900) - - 11,707 11,707 (11,707) -
Debt Proceeds 1,632,000 - - - - - - - -
Other Income 53,680 318,253 318,253 - - - - - -
Interfund Transfers In 730,725 - - - - - - - -
Total Revenue 12,212,952 (11,647) (11,647) - - 11,707 11,707 (11,707) -
Expenditures by Activity
General City 1,248,612 13,131,982 47,676 45,564 45,564 45,564 - 45,564 - 100%
Legal Dept 625 - - - - - - - - -
Information Technology 31,365 40,135 - - - - - - - -
Police Department 4,030,548 1,138,217 1,138,217 - - 1,000,898 - 1,000,898 (1,000,898) -
Vacant & Abandoned Houses 338,827 - - - - - - - - -
Community Investment 687,244 - - - - - - - - -
Parks & Recreation 1,324,793 84,198 11,356 - - - - - - -
Morris Performing Arts Center - - - - - - - - - -
Light Up South Bend 158,047 - 99,875 - - - - - - -
Streets 3,750,000 - - - - - - - - -
Curb & Sidewalk 1,500,000 - - - - - - - - -
Traffic Signals & Street Lighting 1,327,014 - - - - - - - - -
Total Expenditures 14,397,074 14,394,532 1,297,124 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297%
Expenditures by Type
Supplies 107,876 - 99,875 - - - - - - -
Services & Charges
Professional Services 87,389 40,135 47,676 45,564 45,564 45,564 - 45,564 - 100%
Printing & Advertising - - - - - - - - - -
Utilities 1,327,014 - - - - - - - - -
Repairs & Maintenance 912,701 84,198 11,356 - - - - - - -
Grants & Subsidies 1,016,129 - - - - - - - - -
Other Services & Charges 1,564,276 172 - - - - - - - -
Debt Service Interest & Fees 40,171 58,178 50,475 - - 25,838 - 25,838 (25,838) -
Total Services & Charges 6,217,414 1,262,722 1,197,249 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297%
Capital 2,692,887 - - - - - - - - -
Interfund
Interfund Allocations 9,676 - - - - - - - - -
Interfund Transfers Out 5,369,221 13,131,810 - - - - - - - -
Total Interfund 5,378,897 13,131,810 - - - - - - - -
Total Expenditures 14,397,074 14,394,532 1,297,124 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297%
Net Surplus / (Deficit) (2,184,123) (14,406,179) (1,308,771) (45,564) (45,564) (1,034,755) (1,034,755)
18,631,245
Beginning Cash Balance 18,631,245 14,902,237 18,631,245 18,631,245
Cash Adjustments (1,544,885) 18,135,187 (870,671) -
Ending Cash Balance 14,902,237 18,631,245 16,451,803 18,585,681 (247,915)
Cash Reserves Target - - - -
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
No reserve requirement - Capital fund - spend
down to zero
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
October 31, 2025
Fund Name Cumulative Capital Development Fund Number 406
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 492,015 581,307 581,307 691,286 691,286 389,586 389,586 301,700 56%
Intergov./ Shared Revenues 19,615 43,758 43,758 62,613 62,613 21,568 21,568 41,045 34%
Interest Earnings 2,505 4,133 4,133 - - 13,741 13,741 (13,741) -
Total Revenue 514,135 629,199 629,199 753,899 753,899 424,895 424,895 329,004 56%
Expenditures by Activity
Transfer to Fund 404 143,687 458,333 500,000 500,000 500,000 416,667 - 416,667 83,333 83%
Police Department 367,808 260,548 48,541 391,096 391,096 - - - 391,096 0%
Park Capital - - - - - - - - - -
Total Expenditures 511,495 718,881 548,541 891,096 891,096 416,667 - 416,667 474,429 47%
Expenditures by Type
Services & Charges
Debt Service Principal 353,115 255,412 47,993 347,568 347,568 - - - 347,568 0%
Debt Service Interest & Fees 14,694 5,136 547 43,529 43,529 - - - 43,529 0%
Total Services & Charges 367,808 260,548 48,541 391,096 391,096 - - - 391,097 0%
Capital - - - - - - - - - -
Interfund Transfers Out 143,687 458,333 500,000 500,000 500,000 416,667 - 416,667 83,333 83%
Total Expenditures 511,495 718,881 548,541 891,096 891,096 416,667 - 416,667 474,430 47%
Beginning Cash Balance 286,746 169,893 286,746 286,746
Cash Adjustments (119,492) 206,535 (78,428) -
Ending Cash Balance 169,893 286,746 288,976 149,549 372,514
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
October 31, 2025
Fund Name Cumulative Capital Improvement Fund Number 407
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 187,765 187,788 187,788 173,274 173,274 76,099 76,099 97,175 44%
Interest Earnings 7,039 7,680 7,680 - - 14,442 14,442 (14,442) -
Other Income - - - - - - - - -
Total Revenue 194,804 195,468 195,468 173,274 173,274 90,541 90,541 82,733 52%
Expenditures by Activity
Transfer to Fund 404 239,341 275,000 75,000 75,000 75,000 62,500 - 62,500 12,500 83%
Community Investment - - - - - - - - - -
Park Vehicles & Equipment - - - - - - - - - -
Venues, Parks & Arts Capital 246,116 996 - - - - - - - -
Streets Vehicles & Equipment - - - - - - - - - -
Total Expenditures 485,457 275,996 75,000 75,000 75,000 62,500 - 62,500 12,500 83%
Expenditures by Type
Capital 246,116 996 - - - - - - - -
Interfund Transfers Out 239,341 275,000 75,000 75,000 75,000 62,500 - 62,500 12,500 83%
Total Expenditures 485,457 275,996 75,000 75,000 75,000 62,500 - 62,500 12,500 83%
Net Surplus / (Deficit) (290,653) (80,528) 120,468 98,274 98,274 28,041 28,041
Beginning Cash Balance 651,096 676,798 651,096 651,096
Cash Adjustments 316,355 54,826 (412,544) -
Ending Cash Balance 676,798 651,096 359,020 749,370 410,687
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
October 31, 2025
Fund Name Local Income Tax - Economic Development Fund Number 408
Fund Type Special Revenue Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 12,704,389 17,660,862 17,660,862 17,774,148 17,774,148 14,673,230 14,673,230 3,100,918 83%
Intergov./ Grants - 44,703 44,703 - - 51,192 51,192 (51,192) -
Fines, Forfeitures, and Fees - - - - - - - - -
Interest Earnings 353,542 750,667 750,667 177,628 177,628 1,040,568 1,040,568 (862,940) 586%
Donations 67,950 7,500 7,500 - - - - - -
Other Income 165,020 1,124 1,124 500 500 - - 500 0%
Interfund Transfers In - - - - - - - - -
Total Revenue 13,290,901 18,464,856 18,464,856 17,952,276 17,952,276 15,764,990 15,764,990 2,187,286 88%
Expenditures by Activity
General City 2,834,071 64,117 2,792,305 6,170,506 7,995,506 7,319,640 489,481 7,809,121 186,385 98%
PSAP - - - - - - - - - -
Community Investment 5,741,067 6,783,252 5,849,366 7,084,718 10,369,718 4,582,673 3,057,402 7,640,074 2,729,644 74%
Neighborhoods 3,562,633 3,839,034 6,405,002 10,358,998 10,218,998 5,746,459 1,576,294 7,322,753 2,896,245 72%
Streets 1,257,250 2,379,999 396,395 6,922,910 6,922,910 1,713,592 202,509 1,916,101 5,006,809 28%
2015 Park Bonds 374,474 308,421 430,191 382,031 382,031 311,775 - 311,775 70,256 82%
Potawatomi Zoo - 1,100,000 - 100,000 100,000 100,000 - 100,000 - 100%
2018 Zoo Bonds 332,100 334,500 326,500 318,000 318,000 318,000 - 318,000 - 100%
Engineering - - - 50,000 50,000 - - - 50,000 0%
2021 Infrastructure Bonds 575,500 644,500 643,500 643,900 643,900 644,500 - 644,500 (600) 100%
Four Winds/Coveleski Stadium - - 19,000 - - - - - - -
Total Expenditures 14,677,096 15,453,823 16,862,259 32,031,064 37,001,064 20,736,639 5,325,686 26,062,324 10,938,739 70%
Expenditures by Type
Personnel
Salaries & Wages
Fringe Benefits
Total Personnel
Supplies
Services & Charges
Professional Services 380,420 489,734 583,421 496,164 1,196,164 830,154 247,514 1,077,668 118,495 90%
Printing & Advertising 8,644 1,969 1,000 10,027 10,027 1,099 3,027 4,125 5,901 41%
Utilities 47,538 41,208 159,322 74,285 389,285 369,838 - 369,838 19,447 95%
Repairs & Maintenance 1,526,173 2,411,278 530,650 2,152,517 2,632,517 2,166,824 370,252 2,537,076 95,441 96%
Grants & Subsidies 2,817,950 3,696,740 2,651,419 4,667,380 4,467,380 1,970,273 1,906,144 3,876,417 590,963 87%
Other Services & Charges 39,675 123,986 383,561 1,148,973 1,148,973 485,012 430,185 915,197 233,776 80%
Debt Service Interest & Fees 142,850 135,250 127,250 119,000 119,000 118,000 - 118,000 1,000 99%
Total Services & Charges 5,153,250 7,100,164 4,636,623 8,868,346 10,163,346 6,141,200 2,957,122 9,098,322 1,065,023 90%
Capital 3,003,653 324,647 498,495 6,187,786 9,862,786 7,310,164 2,368,564 9,678,728 184,058 98%
Interfund Transfers Out 6,520,192 8,029,012 11,727,141 16,974,931 16,974,931 7,285,275 - 7,285,275 9,689,656 43%
Total Expenditures 14,677,096 15,453,823 16,862,259 32,031,064 37,001,064 20,736,639 5,325,686 26,062,324 10,938,737 70%
Net Surplus / (Deficit) (1,386,195) 3,011,033 1,602,596 (14,078,788) (19,048,788) (4,971,649) (10,297,335)
Beginning Cash Balance 24,795,353 24,795,353 24,795,353 24,795,353
Cash Adjustments 1,386,195 (3,011,033) (3,023,093) -
Ending Cash Balance 24,795,353 24,795,353 23,374,857 5,746,566 25,672,606
Cash Reserves Target 7,338,548 7,726,911 8,431,130 18,500,532
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
October 31, 2025
Fund Name Equipment/Vehicle Leasing Fund Number 750
Fund Type Capital Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - - - - -
Total Revenue - - - - - - - - -
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) (347,697) - - - - - -
Beginning Cash Balance 347,697 347,680 347,697 347,697
Cash Adjustments 347,680 17 (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
October 31, 2025
Fund Name South Bend Redevelopment Authority Fund Number 752
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,855 16,077 16,077 15,272 15,272 15,741 15,741 (469) 103%
Interfund Transfers In 3,055,500 3,825,000 3,825,000 6,205,519 6,205,519 9,805,500 9,805,500 (3,599,981) 158%
Debt Proceeds - (33,098,353) (33,098,353) - - - - - -
Total Revenue 3,058,355 (29,257,277) (29,257,277) 6,220,790 6,220,790 9,821,241 - 9,821,241 (3,600,450) 158%
Expenditures by Type
Services & Charges
Debt Service Principal 2,030,000 2,205,000 2,300,000 3,105,000 4,585,000 3,835,000 - 3,835,000 750,000 84%
Interfund Transfers - - - - - 5,956,691 - 5,956,691 (5,956,691) -
Debt Service Interest & Fees 1,012,027 1,447,309 2,386,781 3,628,009 6,974,870 3,767,500 - 3,767,500 3,207,370 54%
Total Expenditures 3,042,027 3,652,309 4,686,781 6,733,009 11,559,870 13,559,191 - 13,559,191 (1,999,321) 117%
Net Surplus / (Deficit) 16,328 (32,909,585) (33,944,058) (512,218) (5,339,079) (3,737,950) (3,737,950)
Beginning Cash Balance 242,425 232,423 242,425 242,425
Cash Adjustments (26,330) 32,919,587 33,960,386 -
Ending Cash Balance 232,423 242,425 258,753 (5,096,654) 1,429,259
Cash Reserves Target 232,423 242,425 258,753 (5,096,654)
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
October 31, 2025
Fund Name South Bend Building Corporation Fund Number 755
Fund Type Debt Service Funds Control City Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 1,249 3,995 3,995 - - 2,517 2,517 (2,517) -
Debt Proceeds - - - - - - - - -
Interfund Transfers In 2,736,000 2,217,500 2,217,500 1,428,605 1,428,605 1,445,000 1,445,000 (16,395) 101%
Total Revenue 2,737,249 2,221,495 2,221,495 1,428,605 1,428,605 1,447,517 1,447,517 (18,912) 101%
Expenditures by Type
Services & Charges
Debt Service Principal 2,195,000 1,645,000 910,000 950,000 950,000 950,000 - 950,000 - 100%
Debt Service Interest & Fees 554,716 557,118 514,543 480,605 480,605 478,605 - 478,605 2,000 100%
Total Services & Charges 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 1,428,605 - 1,428,605 2,000 100%
Interfund Transfers Out - - - - - - - - - -
Total Expenditures 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 1,428,605 - 1,428,605 2,000 100%
Net Surplus / (Deficit) (12,468) 19,377 796,952 (2,000) (2,000) 18,912 18,912
Beginning Cash Balance 224,375 833,535 224,375 224,375
Cash Adjustments 621,627 (628,537) (809,420) -
Ending Cash Balance 833,535 224,375 211,908 222,375 268,295
Cash Reserves Target 833,535 224,375 211,908 222,375
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
October 31, 2025
Fund Name TIF - River West Development Area Fund Number 324
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 16,811,078 19,559,921 19,559,921 20,984,804 20,984,804 11,454,809 11,454,809 9,529,995 55%
Intergov./ Shared Revenues 200,000 385,000 385,000 283,500 283,500 385,000 385,000 (101,500) 136%
Intergov./ Grants 123,848 331,620 331,620 402,850 402,850 7,270,359 7,270,359 (6,867,509) 1805%
Charges for Services - - - - - - - - -
Interest Earnings 431,088 868,831 868,831 1,086,498 1,086,498 1,076,665 1,076,665 9,833 99%
Donations - - - - - - - - -
Debt Proceeds - - - - - - - - -
Other Income 167,125 68,639 68,639 133,500 133,500 187,782 187,782 (54,282) 141%
Interfund Transfers In 16 8 8 - - - - - -
Total Revenue 17,733,155 21,214,018 21,214,018 22,891,152 22,891,152 20,374,615 20,374,615 2,516,537 89%
Expenditures by Type
Services & Charges
Professional Services 669,160 761,913 2,614,706 5,508,406 8,442,994 4,138,121 2,261,427 6,399,548 2,043,446 76%
Debt Service Principal 3,711,202 3,874,615 4,054,615 1,207,742 1,207,742 1,113,479 - 1,113,479 94,264 92%
Debt Service Interest & Fees 812,903 641,646 470,510 309,548 438,427 420,396 - 420,396 18,032 96%
Other Services & Charges 250,000 225,000 2,421,357 2,128,643 4,270,676 1,008,213 478,535 1,486,748 2,783,928 35%
Total Services & Charges 5,443,266 5,503,174 9,561,189 9,154,339 14,359,839 6,680,208 2,739,963 9,420,170 4,939,670 66%
Capital 6,103,348 12,780,071 26,014,116 14,776,988 30,424,024 7,373,438 7,157,333 14,530,771 15,893,253 48%
Interfund Transfers Out 4,710,000 4,270,800 3,670,300 5,116,281 5,116,281 4,741,570 - 4,741,570 374,711 93%
Total Expenditures 16,256,613 22,554,045 39,245,605 29,047,608 49,900,144 18,795,216 9,897,295 28,692,511 21,207,634 57%
Net Surplus / (Deficit) 1,476,541 (1,340,027) (18,031,586) (6,156,456) (27,008,992) 1,579,399 (8,317,896)
Beginning Cash Balance 33,713,041 29,039,261 33,713,041 33,713,041
Cash Adjustments (6,150,321) 6,013,807 19,445,882 -
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
October 31, 2025
Fund Name TIF - West Washington Fund Number 422
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 308,363 490,344 490,344 667,151 667,151 230,794 230,794 436,357 35%
Interest Earnings 18,135 45,603 45,603 49,974 49,974 52,202 52,202 (2,228) 104%
Other Income - - - - - - - - -
Total Revenue 326,498 535,947 535,947 717,125 717,125 282,996 282,996 434,129 39%
Expenditures by Type
Services & Charges
Professional Services - - 1,140,000 - - - - - - -
Other Services & Charges - - - 150,000 1,450,000 61,925 505,100 567,025 882,975 39%
Total Services & Charges - - 1,140,000 150,000 1,450,000 61,925 505,100 567,025 882,975 39%
Capital 113,570 99,745 68,357 - 290,000 40,000 250,000 290,000 - 100%
Total Expenditures 113,570 99,745 1,208,357 150,000 1,740,000 101,925 755,100 857,025 882,975 49%
Net Surplus / (Deficit) 212,928 436,202 (672,410) 567,125 (1,022,875) 181,070 (574,030)
Beginning Cash Balance 1,235,031 1,127,293 1,235,031 1,235,031
Cash Adjustments (320,666) (328,464) 881,119 -
Ending Cash Balance 1,127,293 1,235,031 1,443,740 212,156 1,527,674
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
October 31, 2025
Fund Name TIF - River East Development Area (NE Dev) Fund Number 429
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 4,209,328 6,216,898 6,216,898 7,483,422 7,483,422 4,899,627 4,899,627 2,583,795 65%
Interest Earnings 146,645 360,139 360,139 479,114 479,114 763,704 763,704 (284,590) 159%
Parking Income - - - - - 3,960 3,960 (3,960) -
Other Income 16,850 1,000 1,000 - - - - - -
Interfund Transfers In - - - - - - - - -
Total Revenue 4,372,823 6,578,037 6,578,037 7,962,536 7,962,536 5,667,291 5,667,291 2,295,245 71%
Expenditures by Type
Services & Charges
Professional Services 428,035 371,517 209,827 1,169,331 5,323,045 2,013,640 1,705,162 3,718,802 1,604,242 70%
Insurance - - - - - - - - - -
Other Services & Charges - - 802,983 1,072,017 1,418,304 1,132,520 20,635 1,153,155 265,149 81%
Interfund Transfer Out - 230,200 784,200 526,200 526,200 1,194,930 - 1,194,930 (668,730) 227%
Total Services & Charges 428,035 601,717 1,797,010 2,767,548 7,267,548 4,341,090 1,725,797 6,066,887 1,200,661 83%
Capital 1,549,275 3,232,307 3,379,725 5,274,666 19,698,603 1,522,724 2,605,394 4,128,118 15,570,485 21%
Total Expenditures 1,977,310 3,834,024 5,176,736 8,042,214 26,966,151 5,863,815 4,331,190 10,195,005 16,771,146 38%
Net Surplus / (Deficit) 2,395,513 2,744,012 1,401,301 (79,678) (19,003,615) (196,524) (4,527,714)
Beginning Cash Balance 9,506,445 5,864,278 9,506,445 9,506,445
Cash Adjustments (6,037,680) 898,155 992,168 -
Ending Cash Balance 5,864,278 9,506,445 11,899,914 (9,497,170) 20,652,107
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
October 31, 2025
Fund Name TIF - Southside Development Area #1 Fund Number 430
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 2,745,678 2,986,918 2,986,918 3,369,158 3,369,158 1,873,177 1,873,177 1,495,981 56%
Interest Earnings 200,851 411,769 411,769 409,258 409,258 304,852 304,852 104,406 74%
Other Income - 691,010 691,010 - - - - - -
Total Revenue 2,946,528 4,089,697 4,089,697 3,778,416 3,778,416 2,178,029 2,178,029 1,600,387 58%
Expenditures by Type
Services & Charges
Professional Services 176,193 568,771 277,394 135,478 285,478 134,288 110,057 244,345 41,133 86%
Total Services & Charges 176,193 568,771 277,394 135,478 285,478 134,288 110,057 244,345 41,133 86%
Capital 2,057,679 5,879,206 7,756,642 4,372,263 6,152,640 2,250,048 1,036,498 3,286,546 2,866,094 53%
Total Expenditures 2,233,872 6,447,977 8,034,036 4,507,741 6,438,118 2,384,336 1,146,555 3,530,891 2,907,227 55%
Net Surplus / (Deficit) 712,656 (2,358,280) (3,944,340) (729,325) (2,659,702) (206,307) (1,352,862)
Beginning Cash Balance 14,473,182 12,586,134 14,473,182 14,473,182
Cash Adjustments (2,599,704) 4,245,328 4,633,890 -
Ending Cash Balance 12,586,134 14,473,182 15,162,732 11,813,480 8,405,351
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
October 31, 2025
Fund Name TIF - Douglas Road Fund Number 435
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 308,581 233,288 233,288 402,862 402,862 146,719 146,719 256,143 36%
Interest Earnings 3,018 12,570 12,570 22,958 22,958 35,625 35,625 (12,667) 155%
Total Revenue 311,600 245,859 245,859 425,820 425,820 182,344 182,344 243,476 43%
Expenditures by Type
Services & Charges
Professional Services 1,308 - - 74,175 74,175 - - - 74,175 0%
Other Services & Charges - - -
Total Services & Charges 1,308 - - 74,175 74,175 - - - 74,175 0%
Capital - - - 349,000 349,000 348,434 - 348,434 566 100%
Interfund Transfers Out 209,147 - - - - - - - - -
Total Expenditures 210,455 - - 423,175 423,175 348,434 - 348,434 74,741 82%
Net Surplus / (Deficit) 101,145 245,859 245,859 2,645 2,645 (166,090) (166,090)
Beginning Cash Balance 257,579 93,140 257,579 257,579
Cash Adjustments (265,585) (81,419) (145,504) -
Ending Cash Balance 93,140 257,579 357,934 260,224 814,448
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
October 31, 2025
Fund Name TIF - River East Residential Area (NE Res) Fund Number 436
Fund Type Tax Increment Financing Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 6,268,217 7,228,216 7,228,216 7,897,678 7,897,678 4,290,105 4,290,105 3,607,573 54%
Interest Earnings 56,636 157,758 157,758 274,784 274,784 355,409 355,409 (80,625) 129%
Total Revenue 6,324,854 7,385,974 7,385,974 8,172,462 8,172,462 4,645,514 4,645,514 3,526,948 57%
Expenditures by Type
Services & Charges
Professional Services 11,500 - 10,740 - - - - - - -
Debt Service Principal 445,523 464,882 126,129 111,126 111,126 111,126 - 111,126 - 100%
Debt Service Interest & Fees 49,305 29,946 13,886 11,766 11,766 9,766 - 9,766 2,000 83%
Capital - 338,132 2,427,195 534,673 534,673 386,637 104,681 491,318
Total Services & Charges 506,328 832,960 2,577,949 657,565 657,565 507,529 104,681 612,210 2,000 93%
Interfund Transfers Out 4,396,375 4,403,875 4,414,875 4,424,731 4,424,731 4,425,125 - 4,425,125 (394) 100%
Total Expenditures 4,902,703 5,236,835 6,992,824 5,082,296 5,082,296 4,932,654 104,681 5,037,335 1,606 99%
Net Surplus / (Deficit) 1,422,151 2,149,139 393,149 3,090,166 3,090,166 (287,140) (391,821)
Beginning Cash Balance 5,429,968 4,678,334 5,429,968 5,429,968
Cash Adjustments (2,173,785) (1,397,505) 1,015,657 -
Ending Cash Balance 4,678,334 5,429,968 6,838,775 8,520,134 9,844,487
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
October 31, 2025
Fund Name Airport 2003 Debt Reserve Fund Number 315
Fund Type Debt Service Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 10,084 30,526 30,526 134 134 8,405 8,405 (8,271) 6272%
Total Revenue 10,084 30,526 30,526 134 134 8,405 8,405 (8,271) 6272%
Expenditures by Type
Interfund Transfers Out - - - - - - - - - -
Debt Service Interest - - 41,080 - - - - - - -
Debt Service Principal - - 999,382 - - - - - - -
Total Expenditures - - 1,040,462 - - - - - - -
Net Surplus / (Deficit) 10,084 30,526 (1,009,936) 134 134 8,405 8,405
Beginning Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462
Cash Adjustments (10,084) (30,526) 1,016,626 -
Ending Cash Balance 1,040,462 1,040,462 1,047,153 1,040,596 92,035
Cash Reserves Target 1,040,462 1,040,462 1,047,153 1,040,596
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
October 31, 2025
Fund Name SBCDA 2003 Debt Reserve Fund Number 328
Fund Type Debt Service Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 16,859 51,035 51,035 224 224 14,052 14,052 (13,828) 6273%
Total Revenue 16,859 51,035 51,035 224 224 14,052 14,052 (13,828) 6273%
Expenditures by Type
Interfund Transfers Out - - - - - - - - - -
Debt Service Interest - - 24,310 - - - - - - -
Debt Service Principal - - 1,715,185 - - - - - - -
Total Expenditures - - 1,739,495 - - - - - - -
Net Surplus / (Deficit) 16,859 51,035 (1,688,460) 224 224 14,052 14,052
Beginning Cash Balance 1,739,495 1,739,495 1,739,495 1,739,495
Cash Adjustments (16,859) (51,035) 1,699,645 -
Ending Cash Balance 1,739,495 1,739,495 1,750,680 1,739,719 153,868
Cash Reserves Target 1,739,495 1,739,495 1,750,680 1,739,719
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
October 31, 2025
Fund Name 2018 TIF Park Bond Debt Service Fund Number 351
Fund Type Debt Service Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 14,409 30,515 30,515 21,362 21,362 41,694 41,694 (20,332) 195%
Total Revenue 14,409 30,515 30,515 21,362 21,362 41,694 41,694 (20,332) 195%
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 14,409 30,515 30,515 21,362 21,362 41,694 41,694
Beginning Cash Balance 1,035,750 1,029,665 1,035,750 1,035,750
Cash Adjustments (20,493) (24,430) (19,498) -
Ending Cash Balance 1,029,665 1,035,750 1,046,766 1,057,112 1,165,371
Cash Reserves Target 1,029,665 1,035,750 1,046,766 1,057,112
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
October 31, 2025
Fund Name 2019 South Shore Double Tracking Debt Service Fund Number 352
Fund Type Debt Service Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 3 713 713 4 4 709 1%
Interfund Transfers In 1,035,000 1,035,500 1,035,500 1,030,125 1,030,125 1,035,500 1,035,500 (5,375) 101%
Total Revenue 1,035,003 1,035,503 1,035,503 1,030,838 1,030,838 1,035,504 1,035,504 (4,666) 100%
Expenditures by Type
Services & Charges
Debt Service Principal 685,000 720,000 760,000 795,000 795,000 795,000 - 795,000 - 100%
Debt Service Interest & Fees 344,750 310,125 273,625 235,125 235,125 235,125 - 235,125 - 100%
Total Services & Charges 1,029,750 1,030,125 1,033,625 1,030,125 1,030,125 1,030,125 - 1,030,125 - 100%
Total Expenditures 1,029,750 1,030,125 1,033,625 1,030,125 1,030,125 1,030,125 - 1,030,125 - 100%
Net Surplus / (Deficit) 5,253 5,378 1,878 713 713 5,379 5,379
Beginning Cash Balance 9,443 690 9,443 9,443
Cash Adjustments (14,006) 3,375 3,375 -
Ending Cash Balance 690 9,443 14,696 10,156 30,831
Cash Reserves Target 690 9,443 14,696 10,156
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
October 31, 2025
Fund Name 2020 TIF Library Bond Debt Service Reserve Fund Number 353
Fund Type Debt Service Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 6,670 6,670 14 14 6,656 0%
Interfund Transfers In - - - - - - - - -
Total Revenue 16 16 16 6,670 6,670 14 14 6,656 0%
Expenditures by Type
Interfund Transfers Out 16 8 - - - - - - - -
Total Expenditures 16 8 - - - - - - - -
Net Surplus / (Deficit) - 8 16 6,670 6,670 14 14
Beginning Cash Balance 326,944 326,939 326,944 326,944
Cash Adjustments (5) (3) (16) -
Ending Cash Balance 326,939 326,944 326,944 333,614 326,982
Cash Reserves Target 326,939 326,944 326,944 333,614
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
October 31, 2025
Fund Name Redevelopment General Fund Number 433
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 556 352 352 - - - - - -
Hotel/Motel Taxes 374,523 191,000 191,000 380,500 380,500 764,000 764,000 (383,500) 201%
Interest Earnings 44,323 98,249 98,249 114,424 114,424 119,735 119,735 (5,311) 105%
Donations 1,000,000 1,364,412 1,364,412 1,350,000 1,350,000 1,822,049 1,822,049 (472,049) 135%
Other Income - - - - - - - - -
Interfund Transfers In - - - 150,000 150,000 - - 150,000 0%
Total Revenue 1,419,402 1,654,014 1,654,014 1,994,924 1,994,924 2,705,783 2,705,783 (710,860) 136%
Expenditures by Type
Services & Charges
Professional Services - 10,006 19,983 75,173 75,173 600 47,771 48,371 26,802 64%
Grants & Subsidies 460,417 1,397,903 704,482 1,739,130 2,329,149 1,203,662 358,522 1,562,184 766,966 67%
Total Services & Charges 460,417 1,407,909 724,465 1,814,303 2,404,322 1,204,262 406,293 1,610,555 793,768 67%
Capital - - - 120,000 120,000 - - - 120,000 0%
Interfund Transfers Out 381,500 763,000 763,500 755,513 755,513 764,000 - 764,000 (8,488) 101%
Total Expenditures 841,917 2,170,909 1,487,965 2,689,816 3,279,835 1,968,262 406,293 2,374,555 905,280 72%
Net Surplus / (Deficit) 577,485 (516,895) 166,049 (694,892) (1,284,911) 737,521 331,229
Beginning Cash Balance 3,187,994 2,444,710 3,187,994 3,187,994
Cash Adjustments (1,320,770) 1,260,180 400,218 -
Ending Cash Balance 2,444,710 3,187,994 3,754,261 1,903,083 4,179,793
Cash Reserves Target 210,479 542,727 371,991 819,959
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
October 31, 2025
Fund Name Certified Technology Park Fund Number 439
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 155 328 328 230 230 449 449 (219) 195%
Total Revenue 155 328 328 230 230 449 449 (219) 195%
Expenditures by Type
Services & Charges
Professional Services - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 155 328 328 230 230 449 449
Beginning Cash Balance 11,145 11,080 11,145 11,145
Cash Adjustments (221) (263) (210) -
Ending Cash Balance 11,080 11,145 11,264 11,375 12,540
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
October 31, 2025
Fund Name 2018 TIF Park Bond Capital Fund Number 452
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 33,275 67,016 67,016 1,055 1,055 4,503 4,503 (3,448) 427%
Total Revenue 33,275 67,016 67,016 1,055 1,055 4,503 4,503 (3,448) 427%
Expenditures by Type
Services & Charges
Professional Services - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital 156,103 7,480 2,238,756 76,676 76,676 76,676 - 76,676 - 100%
Total Expenditures 156,103 7,480 2,238,756 76,676 76,676 76,676 - 76,676 - 100%
Net Surplus / (Deficit) (122,827) 59,536 (2,171,740) (75,620) (75,620) (72,173) (72,173)
Beginning Cash Balance 2,433,236 2,614,468 2,433,236 2,433,236
Cash Adjustments 304,059 (240,768) 2,041,355 -
Ending Cash Balance 2,614,468 2,433,236 2,302,851 2,357,615 100,573
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
October 31, 2025
Fund Name Airport Urban Enterprise Zone Fund Number 454
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 5,709 12,091 12,091 8,461 8,461 16,520 16,520 (8,059) 195%
Total Revenue 5,709 12,091 12,091 8,461 8,461 16,520 16,520 (8,059) 195%
Expenditures by Type
Services & Charges
Professional Services - - - - - - - - - -
Other Services & Charges - - - - - - - - - -
Total Services & Charges - - - - - - - - - -
Capital - - - - - - - - - -
Total Expenditures - - - - - - - - - -
Net Surplus / (Deficit) 5,709 12,091 12,091 8,461 8,461 16,520 16,520
Beginning Cash Balance 410,393 407,982 410,393 410,393
Cash Adjustments (8,120) (9,680) (7,726) -
Ending Cash Balance 407,982 410,393 414,758 418,854 461,753
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
October 31, 2025
Fund Name 2023 South Bend Redevelopment Authority Fund Number 456
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 7,115,209 - - - - - -
Debt Proceeds - 33,098,353 33,098,353 - - - - - -
Interfund Transfers In - - - - - - - - -
Interest Earnings - - - - - 576,362 576,362 (576,362) -
Total Revenue - 40,213,563 40,213,563 - - 576,362 - 576,362 - -
Expenditures by Type
Services & Charges
Debt Service Interest & Fees - 490,359 - - - - - - - -
Total Services & Charges - 490,359 - - - - - - - -
Capital - - - - - - - - - -
Interfund
Interfund Allocations - 6,325,379 5,520,906 15,296,320 15,296,320 4,245,433 2,237,849 6,483,282 8,813,039 42%
Interfund Transfers Out - - - - - - - - - -
Total Interfund - 6,325,379 5,520,906 15,296,320 15,296,320 4,245,433 2,237,849 6,483,282 8,813,039 42%
Total Expenditures - 6,815,738 5,520,906 15,296,320 15,296,320 4,245,433 2,237,849 6,483,282 8,813,039 42%
Net Surplus / (Deficit) - 33,397,825 34,692,657 (15,296,320) (15,296,320) (3,669,071) (5,906,919)
Beginning Cash Balance - - - -
Cash Adjustments - (33,397,825) (34,692,657) -
Ending Cash Balance - - - (15,296,320) 19,744,276
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
October 31, 2025
Fund Name 2024 South Bend Redevelopment Authority Fund Number 457
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - 358,785 358,785 (358,785) -
Total Revenue - - - - - 358,785 - 358,785 - -
Expenditures by Type
Personnel
Salaries & Wages
Fringe Benefits
Total Personnel
Supplies
Services & Charges
Professional Services - - - - - 17,193 37,808 55,000 (55,000) -
Debt Service Interest & Fees - - - 45,000 45,000 - - - 45,000 0%
Total Services & Charges - - - 45,000 45,000 17,193 37,808 55,000 (10,000) 122%
Capital - - 71,735 14,724,750 17,076,840 2,333,921 205,386 2,539,307 14,537,533 15%
Interfund
Interfund Allocations - - - - - - - - - -
Interfund Transfers Out - - - - - - - - - -
Total Interfund - - - - - - - - - -
Total Expenditures - - 71,735 14,769,750 17,121,840 2,351,113 243,194 2,594,307 14,527,533 15%
Net Surplus / (Deficit) - - (71,735) (14,769,750) (17,121,840) (1,992,328) (2,235,522)
Beginning Cash Balance - - - -
Cash Adjustments - - 71,735 -
Ending Cash Balance - - - (17,121,840) 15,431,069
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
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.
City of South Bend, Indiana
Monthly Financial Report
October 31, 2025
Fund Name 458 2024 RDA Bond Proceeds (Four Winds) Fund Number 458
Fund Type Capital Funds
Control Redevelopment Commission Controlled Funds
2025 2025 2025 2025 Total
2022 2023 2024 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 - - - - - 814,460 814,460 (814,460) -
Total Revenue - - - - - 814,460 - 814,460 - -
Expenditures by Type
Services & Charges
Debt Service Interest & Fees - - 552,707 10,100 10,100 - - - 10,100 0%
Total Services & Charges - - 552,707 10,100 10,100 - - - 10,100 0%
Capital - - 1,474,628 43,528,568 43,528,568 22,116,026 21,188,596 43,304,622 223,945 99%
Interfund
Interfund Allocations - - - - - - - - - -
Interfund Transfers Out - - - - - - - - - -
Total Interfund - - - - - - - - - -
Total Expenditures - - 2,027,334 43,538,668 43,538,668 22,116,026 21,188,596 43,304,622 234,045 99%
Net Surplus / (Deficit) - - (2,027,334) (43,538,668) (43,538,668) (21,301,566) (42,490,162)
Beginning Cash Balance - - - -
Cash Adjustments - - 2,027,334 -
Ending Cash Balance - - - (43,538,668) 24,930,011
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 expenditures of the bond proceeds from the Redevelopment Authority Lease Rental Revenue Bonds of 2024 (Four Winds Field Project). These bonds were issued to fund
various renovations and projects at Four Winds Field. The bonds will be repaid over a period of 20-year period, with the first debt service payment due on February 1, 2025, and the final payment due
on February 1, 2024.
The Redevelopment Commission reasonably expects to pay the Lease Rental Payments from certain Professional Sports and Convention Development Area tax revenues (the “PSCDA Revenues”) to
be received by the City pursuant to IC 36-7-31.3 and made available to the Redevelopment Commission for such purpose pursuant to the Resolution. To the extent that PSCDA Revenues are
insufficient to make the Lease Rental Payments, the Special Benefits Tax will be levied on all taxable property in the District in an amount sufficient to pay the Lease Rental Payments as they become
due and payable.
The 2024 bonds were issued to finance costs for certain renovations and improvements to Four Winds Field at Coveleski Stadium (the “Stadium”) consisting of enhancements to the Stadium
including, without limitation, modernizing the existing stadium infrastructure, adding a full second level above the existing facility, renovating the primary seating areas and suites, adding a new 20,000
square foot, four-story club and event space building, and adding a new playground and splash pad with additional improvements including, without limitation, additional restrooms, additional
circulation space, updated retail and concessions areas, and a new improved entrance (collectively, the “Project”) for the purpose of increasing the Stadium’s capacity and providing for increased future
success.