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Home My WebLink About2025-12 - 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 12/31/2025 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) December 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 December 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) 12/31/2025 Requirement Reserve Req. City Controlled Funds 101 General Fund 91,331,533 107,110,700 118,603,147 118,296 (11,374,151) 79,957,382 63,191,076 16,766,306 Special Revenue Funds 102 Rainy Day 11,836,259 521,821 - - 521,821 12,358,080 3,307,398 9,050,682 201 Parks & Recreation 11,969,237 24,339,320 29,745,034 (2,185,964) (7,591,678) 4,377,559 8,507,973 (4,130,415) 202 Motor Vehicle Highway 5,370,283 13,042,761 15,829,976 (952,668) (3,739,882) 1,630,401 4,537,858 (2,907,458) 209 Studebaker-Oliver Revitalizing Grants 639,406 27,412 101,948 - (74,536) 564,869 - - 210 Economic Development State Grants (66,903) - - - - (66,903) - - 211 Dept of Community Investment Operating 613,118 3,925,244 4,532,819 (5,445) (613,019) 98 - - 212 Dept of Community Investment Grants 262,755 3,923,622 4,271,423 80,686 (267,115) (4,361) - - 216 Police State Seizures 306,471 102,418 - - 102,418 408,890 5,500 403,390 217 Gift, Donation, Bequest 2,825,418 197,188 823,486 - (626,298) 2,199,120 - - 218 Police Curfew Violations - - - - - - - - 219 Unsafe Building 1,007,690 152,771 24,212 - 128,559 1,136,248 - - 220 Law Enforcement Continuing Education 874,488 429,858 1,104,275 29,257 (645,161) 229,328 302,199 (72,871) 221 Rental Units Regulation 397,458 208,379 6,565 10,342 212,157 609,615 - - 227 Loss Recovery 3,123,868 481,837 - - 481,837 3,605,705 - - 230 Code Enforcement 1,718 5,882,528 5,878,047 575 5,057 6,774 - - 249 Local Income Tax - Public Safety 6,470,681 12,473,795 13,878,633 - (1,404,838) 5,065,843 - - 251 Local Road & Street 478,515 3,763,080 2,091,103 12,691 1,684,668 2,163,184 - - 257 LOIT Special Distribution 65,734 1,555 34,535 - (32,980) 32,754 - - 258 Human Rights Federal Grants 310,825 181,110 301,739 - (120,628) 190,197 - - 263 American Rescue Plan 980,782 42,521 23,274 - 19,246 1,000,028 - - 264 COVID-19 Response - 4,166 4,166 - - - - - 265 Local Road & Bridge Grant 338,405 2,257,204 2,595,524 - (338,320) 85 - - 266 MVH Restricted 1,180,553 3,349,302 3,121,201 (46,080) 182,020 1,362,573 - - 273 Morris PAC / Palais Royale Marketing - - - - - - - - 274 Morris PAC Self-Promotion - - - - - - - - 280 Police Block Grants - - - - - - - - 289 Haz-Mat 42,190 53,499 - (30,202) 23,297 65,488 2,500 62,988 291 Indiana River Rescue 567,228 146,664 54,922 - 91,742 658,970 13,522 645,448 292 Police Grants - - - - - - - - 294 Regional Police Academy - - - - - - - - 295 COPS MORE Grant 20,876 - - - - 20,876 - - 299 Police Federal Drug Enforcement 294,114 40,875 32,043 - 8,832 302,946 12,500 290,446 404 Local Income Tax - Certified Shares 786,839 11,707 45,564 - (33,857) 752,983 - - 408 Local Income Tax - Economic Development 30,701,333 18,540,126 25,647,605 (498,984) (7,606,463) 23,094,870 16,104,628 6,990,242 410 Urban Development Action Grant 71,914 3,170 - - 3,170 75,085 - - 655 Project ReLeaf 542,450 482,317 382,556 676 100,438 642,888 118,047 524,841 705 Police K-9 Unit - - - - - - - - 709 Payroll Clearing (40,537) - - (3,620,520) (3,620,520) (3,661,057) - - 730 City Cemetery 32,784 1,445 - - 1,445 34,229 - - 754 Industrial Revolving Fund 4,853,400 97,738 151,896 (397,988) (452,145) 4,401,255 - - Total Special Revenue Funds 87,375,077 94,708,172 110,682,545 (7,603,623) (23,577,996) 63,797,081 33,312,124 10,995,754 Debt Service Funds 312 2017 Parks Bond Debt Service 169,829 1,166,784 1,181,215 - (14,431) 155,398 - - 350 2018 Fire Station #9 Bond Debt Service 1 344,656 344,656 - (0) 1 - - 672 Century Center Energy Conservation Debt Svc 152,074 374,112 388,754 - (14,641) 137,433 - - 752 South Bend Redevelopment Authority 5,167,209 9,822,618 12,865,191 - (3,042,573) 2,124,637 2,124,637 - 755 South Bend Building Corporation 249,384 1,447,991 1,429,955 - 18,036 267,419 267,419 - 756 2015 Smart Streets Bond Debt Service 1,757,417 1,713,592 1,712,494 - 1,098 1,758,515 1,758,515 - 757 2015 Parks Bond Debt Service 594,295 348,026 381,031 - (33,005) 561,289 561,289 - 760 2017 Eddy Street Commons Bond Debt Service 3,669,174 1,955,313 1,955,125 - 188 3,669,362 2,500,000 1,169,362 Total Debt Service Funds 11,759,382 17,173,093 20,258,421 - (3,085,328) 8,674,054 7,211,860 1,169,362 Capital Funds 287 Fire Department Capital 2,843,653 2,647,126 5,193,984 - (2,546,858) 296,796 - - 401 Coveleski Stadium Capital 210 835 - 23,212 24,048 24,258 - - 406 Cumulative Capital Development 364,286 768,424 500,000 - 268,424 632,711 - - 407 Cumulative Capital Improvement 382,647 170,988 75,000 - 95,988 478,634 - - 412 Major Moves Construction 925,626 157,160 482,899 - (325,738) 599,887 - - 413 Professional Sports Convention Development Area 2,574,203 6,074,853 157,923 - 5,916,930 8,491,133 - - 416 Morris Performing Arts Center Capital 6,037,556 123,594 6,426,666 330,179 (5,972,893) 64,663 - - 450 Palais Royale Historic Preservation 149,563 38,818 - (818) 38,000 187,563 - - 451 2018 Fire Station #9 Bond Capital 342,923 15,118 - - 15,118 358,042 - - 453 Zoo Bond Capital - - - - - - - - 455 2021 Infrastructure Bond Capital 673,591 22,327 399,500 - (377,173) 296,419 - - 471 2017 Parks Bond Capital 854,408 30,397 14,004 (281,331) (264,938) 589,470 - - 750 Equipment/Vehicle Leasing - - - - - - - - 759 2017 Eddy Street Commons Bond Capital 25,767 1 - - 1 25,768 - - Total Capital Funds 15,174,433 10,049,642 13,249,975 71,243 (3,129,090) 12,045,343 - - City of South Bend Report of Changes in Cash Balance January 1, 2025 through December 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) 12/31/2025 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 3,247,209 3,428,999 3,894,483 476 (465,008) 2,782,202 1,080,553 1,701,649 601 Parking Garages 368,341 1,483,669 1,801,753 (20,795) (338,878) 29,464 437,236 (407,773) 602 Morris Performing Arts Center Operations 126,113 2,278,031 1,746,933 (91,104) 439,993 566,106 185,900 380,206 610 Solid Waste Operations 1,277,909 8,679,212 8,142,930 (48,267) 488,015 1,765,924 884,305 881,619 611 Solid Waste Capital 2,043,183 1,227,319 3,270,240 - (2,042,921) 262 - - 620 Water Works Operations 12,675,923 22,935,006 18,588,990 76,622 4,422,638 17,098,561 1,208,347 15,890,214 622 Water Works Capital 15,820,438 8,413,341 8,010,510 65,579 468,409 16,288,847 - - 624 Water Works Customer Deposit 1,401,817 61,753 - 3,646 65,399 1,467,216 1,467,216 - 625 Water Works Sinking (Debt Service)2,039,158 168,624 541,858 (522,358) (895,592) 1,143,566 - - 626 Water Works Bond Reserve 1,613,195 211,934 - - 211,934 1,825,129 1,825,129 - 629 Water Works Operations & Maintenance Reserve 3,163,289 139,459 - - 139,459 3,302,748 3,716,100 (413,353) 640 Sewer Repair Insurance 1,580,381 774,409 1,083,680 3,092 (306,178) 1,274,203 339,996 934,207 641 Sewage Works Operations 33,871,023 47,715,987 38,037,503 444,630 10,123,114 43,994,137 2,657,087 41,337,050 642 Sewage Works Capital 9,382,327 770,938 9,479,993 269,309 (8,439,745) 942,581 - - 643 Sewage Works Operations & Maintenance Reserve 5,996,959 264,386 - - 264,386 6,261,345 5,720,421 540,924 649 Sewage Sinking (Debt Service)12,888 8,065,505 8,078,144 - (12,639) 249 - - 653 Sewage Debt Service Reserve 4,534,269 573,156 - - 573,156 5,107,424 5,107,424 - 654 Sewage Works Customer Deposit 1,546,815 70,369 - 131,168 201,537 1,748,352 1,748,352 - 667 Storm Sewer 1,680,385 1,453,072 699,900 (85,392) 667,781 2,348,166 - - 670 Century Center Operations 972,620 3,722,463 4,436,829 159,218 (555,148) 417,471 1,133,665 (716,193) 671 Century Center Capital 1,053,192 563,759 79,011 - 484,749 1,537,941 800,000 737,941 Total Enterprise Funds 104,407,434 113,001,393 107,892,756 385,825 5,494,463 109,901,897 28,311,732 109,901,897 Internal Service Funds 222 Central Services 136,948 10,370,949 10,345,106 (136,887) (111,045) 25,904 - - 226 Liability Insurance 7,397,475 4,018,915 3,296,903 (4,359) 717,653 8,115,128 1,915,615 6,199,513 278 Police Take Home Vehicle 941,097 117,566 - - 117,566 1,058,663 750,000 308,663 279 IT / Innovation / 311 Call Center 6,398,926 15,467,000 14,804,923 169,962 832,039 7,230,964 - - 711 Self-Funded Employee Benefits 9,856,763 19,122,688 22,234,768 (7,801) (3,119,881) 6,736,883 5,221,905 1,514,978 713 Unemployment Compensation 392 96,119 92,939 - 3,181 3,573 25,080 (21,507) 714 Parental Leave 878,198 358,016 117,790 - 240,226 1,118,424 12,000 1,106,424 Total Internal Service Funds 25,609,798 49,551,254 50,892,429 20,915 (1,320,260) 24,289,538 7,924,599 9,108,071 Fiduciary Funds 701 Fire Pension 342,385 3,940,696 4,251,624 - (310,928) 31,457 452,280 (420,823) 702 Police Pension 537,964 6,085,029 6,092,336 - (7,307) 530,657 615,795 (85,137) 718 State Tax Withholding Fund 338,475 - - 3,096,900 3,096,900 3,435,375 3,435,375 - 725 Morris / Palais Box Office 1,233,154 - - (197,387) (197,387) 1,035,768 1,035,768 - 726 Police Distributions Payable 824,099 - - 7,265 7,265 831,364 831,364 - Total Fiduciary Funds 3,276,078 10,025,725 10,343,960 2,906,778 2,588,543 5,864,621 6,370,581 (505,960) Total City Controlled Funds 338,933,735 401,619,978 431,923,233 (4,100,566) (34,403,820) 304,529,914 146,321,973 147,435,430 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 28,107,758 30,150,609 21,870,523 137,124 8,417,210 36,524,968 - - 422 TIF - West Washington 1,346,604 583,762 174,380 - 409,382 1,755,986 - - 429 TIF - River East Development Area (NE Dev)21,696,392 9,031,462 7,622,273 (853,794) 555,395 22,251,787 - - 430 TIF - Southside Development Area #1 8,620,393 3,802,188 3,010,998 (10,355) 780,836 9,401,229 - - 435 TIF - Douglas Road 980,537 319,809 348,434 - (28,625) 951,912 - - 436 TIF - River East Residential Area (NE Res)10,131,628 7,790,145 4,945,322 - 2,844,822 12,976,450 - - Total Tax Increment Financing Funds 70,883,312 51,677,976 37,971,930 (727,025) 12,979,021 83,862,332 - - Redevelopment Funds 433 Redevelopment General 3,445,064 2,733,775 2,060,202 (11,701) 661,872 4,106,936 516,976 3,589,960 439 Certified Technology Park 12,091 533 - - 533 12,624 - - 452 2018 TIF Park Bond Capital 172,746 5,180 76,676 - (71,495) 101,250 - - 454 Airport Urban Enterprise Zone 445,232 19,629 - - 19,629 464,861 - - 456 2023 South Bend Redevelopment Authority 23,307,350 662,426 5,368,586 (38,643) (4,744,804) 18,562,546 - - 457 2024 South Bend Redevelopment Authority 17,448,598 418,799 2,435,737 (25,351) (2,042,289) 15,406,309 - - 458 458 2024 RDA Bond Proceeds (Four Winds)44,187,441 911,610 24,185,074 - (23,273,464) 20,913,977 - - Total Redevelopment Funds 89,018,523 4,751,951 34,126,274 (75,695) (29,450,019) 59,568,504 516,976 3,589,960 Debt Service Funds 315 Airport 2003 Debt Reserve 83,630 9,025 - - 9,025 92,654 92,654 - 328 SBCDA 2003 Debt Reserve 139,816 15,088 - - 15,088 154,904 154,904 - 351 2018 TIF Park Bond Debt Service 1,123,677 49,539 - - 49,539 1,173,216 1,173,216 - 352 2019 South Shore Double Tracking Debt Service 25,452 1,035,504 1,030,125 - 5,379 30,831 30,831 - 353 2020 TIF Library Bond Debt Service Reserve 326,969 16 - - 16 326,985 326,985 - Total Debt Service Funds 1,699,544 1,109,172 1,030,125 - 79,047 1,778,590 1,778,590 - Total Redevelopment Commission Funds 161,601,378 57,539,098 73,128,329 (802,721) (16,391,952) 145,209,427 2,295,566 3,589,960 Grand Total 500,535,113 459,159,076 505,051,562 (4,903,286) (50,795,772) 449,739,342 148,617,539 151,025,390 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 201 Parks & Recreation 4,377,559 630 4,376,929 8,507,973 (4,131,045) 13%Property tax distribution received in Dec lower than expected 25% of Annual expenditures 202 Motor Vehicle Highway 1,630,401 - 1,630,401 4,537,858 (2,907,458) 9%Under reserve requirement. Gas and wheel tax distributions received monthly.25% of Annual expenditures 220 Law Enforcement Continuing Education 229,328 - 229,328 302,199 (72,871) 19% Under reserve requirement. Anticipated 2025 JAG Grant to satisfy cash reserve. Expenditures exceeded grant estimate. 25% of Annual expenditures 601 Parking Garages 29,464 (29,525) 58,989 437,236 (378,247) 3%Under reserve requirement. Large amount of encumbrance to cover parking costs 25% of Annual expenditures 629 Water Works Operations & Maintenance Reserve 3,302,748 - 3,302,748 3,716,100 (413,353) 15%Under reserve requirement.16.67% of annual operating expenses in Fund 620, net of transfers 670 Century Center Operations 417,471 - 417,471 1,133,665 (716,193) 9% Operations continue to rebound from shutdown 25% of Annual expenditures 701 Fire Pension 31,457 - 31,457 452,280 (420,823) 1%Under reserve requirement. 10% of Annual expenditures 702 Police Pension 530,657 - 530,657 615,795 (85,137) 9%Under reserve requirement. 10% of Annual expenditures 713 Unemployment Compensation 3,573 - 3,573 25,080 (21,507) 4%Slightly under reserve requirement. Allocation % will be adjusted to meet anticipated claims.25% of Annual expenditures Under Reserve Requirement Total 10,552,657$ (28,895)$ 10,581,552$ 19,728,186$ (9,146,634)$ Meets or Exceeds Requirement 101 General Fund 79,957,382 13,338 79,944,044 63,191,076 16,752,968 63% Property tax distribution received in June & Dec 50% of Annual expenditures 102 Rainy Day 12,358,080 - 12,358,080 3,307,398 9,050,682 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out 711 Self-Funded Employee Benefits 6,736,883 - 6,736,883 5,221,905 1,514,978 32%25% of Annual expenditures 216 Police State Seizures 408,890 - 408,890 5,500 403,390 1859%25% of Annual expenditures 226 Liability Insurance 8,115,128 - 8,115,128 1,915,615 6,199,513 212%50% of Annual expenditures 278 Police Take Home Vehicle 1,058,663 - 1,058,663 750,000 308,663 2117%Set dollar amount of $750,000 289 Haz-Mat 65,488 - 65,488 2,500 62,988 655%25% of Annual expenditures 291 Indiana River Rescue 658,970 - 658,970 13,522 645,448 1218%25% of Annual expenditures 299 Police Federal Drug Enforcement 302,946 - 302,946 12,500 290,446 606%25% of Annual expenditures 315 Airport 2003 Debt Reserve 92,654 - 92,654 92,654 - 100%100% debt service reserve per bond covenants 328 SBCDA 2003 Debt Reserve 154,904 - 154,904 154,904 - 100%100% debt service reserve per bond covenants 351 2018 TIF Park Bond Debt Service 1,173,216 - 1,173,216 1,173,216 - 100% 100% debt service reserve per bond covenants 353 2020 TIF Library Bond Debt Service Reserve 326,985 - 326,985 326,985 - 100%100% debt service reserve per bond covenants 408 Local Income Tax - Economic Development 23,094,870 - 23,094,870 16,104,628 6,990,242 72%50% of Annual expenditures 433 Redevelopment General 4,106,936 - 4,106,936 516,976 3,589,960 199%25% of Annual expenditures 600 Consolidated Building 2,782,202 - 2,782,202 1,080,553 1,701,649 64%25% of Annual expenditures 602 Morris Performing Arts Center Operations 566,106 - 566,106 185,900 380,206 30%10% of Annual expenditures 610 Solid Waste Operations 1,765,924 - 1,765,924 884,305 881,619 20%10% of Annual expenditures 620 Water Works Operations 17,098,561 - 17,098,561 1,208,347 15,890,214 71%5% of Annual expenditures 624 Water Works Customer Deposit 1,467,216 - 1,467,216 1,467,216 - 100%100% cash reserves for customer deposits 626 Water Works Bond Reserve 1,825,129 - 1,825,129 1,825,129 - 100% 100% cash reserves per bond covenants 640 Sewer Repair Insurance 1,274,203 - 1,274,203 339,996 934,207 94%25% of Annual expenditures 12/31/2025 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 12/31/2025 641 Sewage Works Operations 43,994,137 - 43,994,137 2,657,087 41,337,050 83%5% of Annual expenditures 643 Sewage Works Operations & Maintenance Reserve 6,261,345 - 6,261,345 5,720,421 540,924 18%16.67% of annual operating expenses in Fund 641, net of transfers 653 Sewage Debt Service Reserve 5,107,424 - 5,107,424 5,107,424 - 100% 100% cash reserves per bond covenants 654 Sewage Works Customer Deposit 1,748,352 - 1,748,352 1,748,352 - 100%100% cash reserves for customer deposits 655 Project ReLeaf 642,888 - 642,888 118,047 524,841 136%25% of Annual expenditures 671 Century Center Capital 1,537,941 - 1,537,941 800,000 737,941 1908%$800,000 Minimum per Board of Managers 714 Parental Leave 1,118,424 - 1,118,424 12,000 1,106,424 746%8% of Annual expenditures - one month reserve 718 State Tax Withholding Fund 3,435,375 - 3,435,375 3,435,375 - 100% 100% cash reserves - trust & agency funds 725 Morris / Palais Box Office 1,035,768 - 1,035,768 1,035,768 - 100% 100% cash reserves - trust & agency funds 726 Police Distributions Payable 831,364 - 831,364 831,364 - 100% 100% cash reserves - trust & agency funds 730 City Cemetery 34,229 - 34,229 - 34,229 100% 25% of Annual expenditures 731 Bowman Cemetery 538,461 - 538,461 400,000 138,461 100% $400,000 minimum 752 South Bend Redevelopment Authority 2,124,637 - 2,124,637 2,124,637 - 100% 100% cash reserves per bond covenants 755 South Bend Building Corporation 267,419 - 267,419 267,419 - 100% 100% cash reserves per bond covenants 756 2015 Smart Streets Bond Debt Service 1,758,515 - 1,758,515 1,758,515 - 100% 100% cash reserves per bond covenants 757 2015 Parks Bond Debt Service 561,289 - 561,289 561,289 - 100% 100% cash reserves per bond covenants 760 2017 Eddy Street Commons Bond Debt Service 3,669,362 - 3,669,362 2,500,000 1,169,362 188% $2,500,000 minimum Meets or Exceeds Requirement Total 240,058,265$ 13,338$ 240,044,927$ 128,858,522$ 111,186,405$ 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 12/31/2025 No Reserve Requirement 209 Studebaker-Oliver Revitalizing Grants 564,869 - 564,869 - 564,869 100%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 98 - 98 - 98 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 212 Dept of Community Investment Grants (4,361) - (4,361) - (4,361) 100% Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 217 Gift, Donation, Bequest 2,199,120 - 2,199,120 - 2,199,120 100% No reserve requirement 219 Unsafe Building 1,136,248 - 1,136,248 - 1,136,248 100% No reserve requirement 221 Rental Units Regulation 609,615 - 609,615 - 609,615 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 222 Central Services 25,904 - 25,904 - 25,904 100%No reserve requirement 227 Loss Recovery 3,605,705 - 3,605,705 - 3,605,705 100% No reserve requirement 230 Code Enforcement 6,774 - 6,774 - 6,774 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 249 Local Income Tax - Public Safety 5,065,843 - 5,065,843 - 5,065,843 100% No reserve requirement 251 Local Road & Street 2,163,184 - 2,163,184 - 2,163,184 100% 25% of annual expenditures 257 LOIT Special Distribution 32,754 - 32,754 - 32,754 100%No reserve requirement - one-time distribution - spend down to zero 258 Human Rights Federal Grants 190,197 - 190,197 - 190,197 100%No reserve requirement - Grant fund - spend down to zero 263 American Rescue Plan 1,000,028 - 1,000,028 - 1,000,028 100%No reserve requirement - Grant fund - spend down to zero 265 Local Road & Bridge Grant 85 - 85 - 85 100%Reimbursed through interfund transfer to cover matching portion No reserve requirement - Grant fund - spend down to zero 266 MVH Restricted 1,362,573 - 1,362,573 - 1,362,573 100%No reserve requirement 279 IT / Innovation / 311 Call Center 7,230,964 1 7,230,963 - 7,230,963 100% Reimbursed through interfund allocation No reserve requirement 287 Fire Department Capital 296,796 - 296,796 - 296,796 100%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 155,398 - 155,398 - 155,398 100% Property tax distribution received in June & Dec No reserve requirement 324 TIF - River West Development Area 36,524,968 - 36,524,968 - 36,524,968 100% 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 24,258 - 24,258 - 24,258 100%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 752,983 - 752,983 - 752,983 100%No reserve requirement - Capital fund - spend down to zero 406 Cumulative Capital Development 632,711 - 632,711 - 632,711 100% Property tax distribution received in June & Dec No reserve requirement - Capital fund - spend down to zero 407 Cumulative Capital Improvement 478,634 - 478,634 - 478,634 100%No reserve requirement - Capital fund - spend down to zero 410 Urban Development Action Grant 75,085 - 75,085 - 75,085 100%No reserve requirement - Grant fund - spend down to zero 412 Major Moves Construction 599,887 - 599,887 - 599,887 100%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 12/31/2025 413 Professional Sports Convention Development Area 8,491,133 - 8,491,133 - 8,491,133 100%No reserve requirement - Capital fund - spend down to zero 416 Morris Performing Arts Center Capital 64,663 - 64,663 - 64,663 100% No reserve requirement 422 TIF - West Washington 1,755,986 - 1,755,986 - 1,755,986 100% Property tax distribution received in June & Dec No reserve requirement 429 TIF - River East Development Area (NE Dev) 22,251,787 - 22,251,787 - 22,251,787 100% Property tax distribution received in June & Dec No reserve requirement 430 TIF - Southside Development Area #1 9,401,229 - 9,401,229 - 9,401,229 100% Property tax distribution received in June & Dec No reserve requirement 435 TIF - Douglas Road 951,912 - 951,912 - 951,912 100% Property tax distribution received in June & Dec No reserve requirement 436 TIF - River East Residential Area (NE Res) 12,976,450 - 12,976,450 - 12,976,450 100% Property tax distribution received in June & Dec No reserve requirement 439 Certified Technology Park 12,624 - 12,624 - 12,624 100% No reserve requirement 450 Palais Royale Historic Preservation 187,563 - 187,563 - 187,563 100% No reserve requirement 451 2018 Fire Station #9 Bond Capital 358,042 - 358,042 - 358,042 100%No reserve requirement - Bond capital fund - spend down to zero 452 2018 TIF Park Bond Capital 101,250 - 101,250 - 101,250 100%No reserve requirement - Bond capital fund - spend down to zero 454 Airport Urban Enterprise Zone 464,861 - 464,861 - 464,861 100% No reserve requirement 455 2021 Infrastructure Bond Capital 296,419 - 296,419 - 296,419 100%No reserve requirement - Bond capital fund - spend down to zero 456 2023 South Bend Redevelopment Authority 18,562,546 - 18,562,546 - 18,562,546 100%No reserve requirement - Bond capital fund - spend down to zero 457 2024 South Bend Redevelopment Authority 15,406,309 - 15,406,309 - 15,406,309 100%No reserve requirement - Bond capital fund - spend down to zero 458 458 2024 RDA Bond Proceeds (Four Winds) 20,913,977 - 20,913,977 - 20,913,977 100%No reserve requirement - Bond capital fund - spend down to zero 471 2017 Parks Bond Capital 589,470 - 589,470 - 589,470 100%No reserve requirement - Bond capital fund - spend down to zero 611 Solid Waste Capital 262 - 262 - 262 100% Receives transfers from Fund 610 as needed No reserve requirement - Capital fund - spend down to zero 622 Water Works Capital 16,288,847 - 16,288,847 - 16,288,847 100% Receives transfers from Fund 620 as needed No reserve requirement - Capital fund - spend down to zero 625 Water Works Sinking (Debt Service) 1,143,566 - 1,143,566 - 1,143,566 100% Receives transfers from Fund 620 as needed No reserve requirement 642 Sewage Works Capital 942,581 - 942,581 - 942,581 100% Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend down to zero 649 Sewage Sinking (Debt Service) 249 - 249 - 249 100% Receives transfers from Fund 641 as needed No reserve requirement 667 Storm Sewer 2,348,166 - 2,348,166 - 2,348,166 100%No reserve requirement - Capital fund - spend down to zero 672 Century Center Energy Conservation Debt Svc 137,433 - 137,433 - 137,433 100% No reserve requirement 709 Payroll Clearing (3,661,057) - (3,661,057) - (3,661,057) 0%Clearing accounts temporarily hold transactions until they are recorded in the respective account No reserve requirement - clearing fund 754 Industrial Revolving Fund 4,401,255 - 4,401,255 - 4,401,255 100%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 199,128,420$ 1$ 199,128,419$ 30,831$ 199,097,584$ Total Funds 449,739,342$ (15,556)$ 449,754,898$ 148,617,539$ 301,137,355$ City of South Bend Monthly Fund Financials Revenue Summary 12/31/2025 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 101,373,961 30,545,148 107,110,700 111,171,535 (5,736,739) 106% Special Revenue Funds 102 Rainy Day 227,508 33,583 521,821 321,428 (294,313) 229% 201 Parks & Recreation 22,830,515 6,407,962 24,339,320 22,800,098 (1,508,804) 107% 202 Motor Vehicle Highway 18,129,405 843,637 13,042,761 11,049,955 5,086,643 72% 209 Studebaker-Oliver Revitalizing Grants 10,783 1,565 27,412 18,615 (16,629) 254% 210 Economic Development State Grants - - - 85,650 - 0% 211 Dept of Community Investment Operating 4,793,174 377,874 3,925,244 4,391,340 867,930 82% 212 Dept of Community Investment Grants 3,138,019 828,527 3,923,622 5,574,346 (785,603) 125% 216 Police State Seizures 9,830 29,384 102,418 57,408 (92,588) 1042% 217 Gift, Donation, Bequest 120,747 11,416 197,188 3,652,115 (76,441) 163% 218 Police Curfew Violations - - - - - 0% 219 Unsafe Building 110,845 41,306 152,771 93,390 (41,926) 138% 220 Law Enforcement Continuing Education 529,170 19,471 429,858 994,541 99,312 81% 221 Rental Units Regulation 259,380 13,641 208,379 156,129 51,001 80% 227 Loss Recovery 41,355 9,798 481,837 1,120,256 (440,482) 1165% 230 Code Enforcement 7,409,100 589,395 5,882,528 3,919,673 1,526,572 79% 249 Local Income Tax - Public Safety 12,579,200 930,899 12,473,795 12,868,916 105,405 99% 251 Local Road & Street 2,043,021 1,739,374 3,763,080 2,320,509 (1,720,059) 184% 257 LOIT Special Distribution - 89 1,555 3,388 (1,555) 0% 258 Human Rights Federal Grants 164,900 70,983 181,110 35,770 (16,210) 110% 263 American Rescue Plan - 2,718 42,521 180,695 (42,521) 0% 264 COVID-19 Response 5,000 - 4,166 368,404 834 83% 265 Local Road & Bridge Grant 3,004,106 365,000 2,257,204 1,050,707 746,903 75% 266 MVH Restricted 3,178,126 287,448 3,349,302 3,314,097 (171,176) 105% 273 Morris PAC / Palais Royale Marketing - - - - - 0% 274 Morris PAC Self-Promotion - - - - - 0% 280 Police Block Grants - - - - - 0% 289 Haz-Mat 5,494 178 53,499 3,285 (48,005) 974% 291 Indiana River Rescue 99,152 19,761 146,664 161,390 (47,511) 148% 294 Regional Police Academy - - - - - 0% 295 COPS MORE Grant - - - 64 - 0% 299 Police Federal Drug Enforcement 84,926 192 40,875 158,312 44,051 48% 404 Local Income Tax - Certified Shares - - 11,707 (11,647) (11,707) 0% 408 Local Income Tax - Economic Development 17,952,276 1,369,231 18,540,126 18,464,856 (587,850) 103% 410 Urban Development Action Grant 7,950 204 3,170 8,846 4,780 40% 655 Project ReLeaf 465,528 39,754 482,317 473,768 (16,789) 104% 705 Police K-9 Unit - - - - - 0% 730 City Cemetery 630 93 1,445 890 (815) 229% 731 Bowman Cemetery 9,913 1,463 22,737 14,005 (12,824) 229% 754 Industrial Revolving Fund 1,069,554 32,066 97,738 1,136,154 971,816 9% Debt Service Fund 312 2017 Parks Bond Debt Service 1,201,490 518,530 1,166,784 1,135,939 34,706 97% 350 2018 Fire Station #9 Bond Debt Service 344,656 - 344,656 342,856 - 100% 672 Century Center Energy Conservation Debt Svc 385,710 373 374,112 263,591 11,598 97% 752 South Bend Redevelopment Authority 6,220,790 722 9,822,618 (29,257,277) (3,601,828) 158% 755 South Bend Building Corporation 1,428,605 193 1,447,991 2,221,495 (19,386) 101% 756 2015 Smart Streets Bond Debt Service 1,747,006 7 1,713,592 1,714,091 33,414 98% 757 2015 Parks Bond Debt Service 392,195 31,675 348,026 343,596 44,169 89% 760 2017 Eddy Street Commons Bond Debt Service 2,030,702 15 1,955,313 1,930,062 75,389 96% Total Debt Service Funds 13,751,154 551,515 17,173,093 (21,305,646) (3,421,938) 125% City of South Bend Monthly Fund Financials Revenue Summary 12/31/2025 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 5,610,614 194,848 2,647,126 3,491,232 2,963,488 47% 401 Coveleski Stadium Capital 31,611 66 835 31,722 30,776 3% 406 Cumulative Capital Development 753,899 337,069 768,424 629,199 (14,525) 102% 407 Cumulative Capital Improvement 173,274 78,781 170,988 195,468 2,286 99% 412 Major Moves Construction 124,355 1,969 157,160 785,039 (32,806) 126% 413 Professional Sports Convention Development Area 2,800,000 714,088 6,074,853 2,070,419 (3,274,853) 217% 416 Morris Performing Arts Center Capital - - 123,594 379,179 (123,594) 0% 450 Palais Royale Historic Preservation 18,512 14,688 38,818 19,044 (20,306) 210% 451 2018 Fire Station #9 Bond Capital - 973 15,118 9,313 (15,118) 0% 453 Zoo Bond Capital - - - 122 - 0% 455 2021 Infrastructure Bond Capital - 806 22,327 48,402 (22,327) 0% 457 2024 South Bend Redevelopment Authority - 28,199 418,799 - (418,799) 0% 458 458 2024 RDA Bond Proceeds (Four Winds) - 45,648 911,610 - (911,610) 0% 471 2017 Parks Bond Capital 134 1,602 30,397 43,384 (30,263) 22760% 750 Equipment/Vehicle Leasing - - - - - 0% 759 2017 Eddy Street Commons Bond Capital 515 0 1 1 514 0% Total Capital Funds 9,512,913 1,418,737 11,380,051 7,702,523 (1,867,137) 120% Enterprise Funds 600 Consolidated Building 2,353,882 161,963 3,428,999 2,175,568 (1,075,117) 146% 601 Parking Garages 1,017,704 306,601 1,483,669 935,075 (465,965) 146% 602 Morris Performing Arts Center Operations 1,930,515 377,187 2,278,031 1,164,076 (347,516) 118% 610 Solid Waste Operations 8,312,508 636,141 8,679,212 8,184,729 (366,704) 104% 611 Solid Waste Capital 1,338,315 1,169,950 1,227,319 2,129,987 110,996 92% 620 Water Works Operations 23,503,077 1,673,449 22,935,006 22,350,147 568,071 98% 622 Water Works Capital 8,491,820 58,859 8,413,341 124,091 78,479 99% 624 Water Works Customer Deposit - 3,983 61,753 38,236 (61,753) 0% 625 Water Works Sinking (Debt Service) 1,474,793 40,540 168,624 2,804,408 1,306,169 11% 626 Water Works Bond Reserve - 15,723 211,934 42,407 (211,934) 0% 629 Water Works Operations & Maintenance Reserve - 8,975 139,459 85,903 (139,459) 0% 640 Sewer Repair Insurance 682,794 63,062 774,409 764,134 (91,615) 113% 641 Sewage Works Operations 44,301,739 3,936,324 47,715,987 43,471,462 (3,414,249) 108% 642 Sewage Works Capital 10,751,670 28,677 770,938 32,892,704 9,980,732 7% 643 Sewage Works Operations & Maintenance Reserve - 17,015 264,386 162,855 (264,386) 0% 649 Sewage Sinking (Debt Service) 8,413,405 5,554,722 8,065,505 9,893,560 347,900 96% 653 Sewage Debt Service Reserve - 47,137 573,156 110,014 (573,156) 0% 654 Sewage Works Customer Deposit - 4,715 70,369 37,039 (70,369) 0% 667 Storm Sewer 1,147,436 120,761 1,453,072 1,398,803 (305,636) 127% 670 Century Center Operations 3,534,908 65,426 3,722,463 4,462,846 (187,555) 105% 671 Century Center Capital 519,759 4,256 563,759 528,273 (44,000) 108% Total Enterprise Funds 117,774,327 14,295,466 113,001,393 133,756,314 4,772,933 96% Internal Service Funds 222 Central Services 12,192,834 1,536,955 10,370,949 9,145,812 1,821,885 85% 224 Central Services Capital - - - - - 0% 226 Liability Insurance 3,757,111 325,236 4,018,915 4,248,586 (261,804) 107% 278 Police Take Home Vehicle 66,472 8,681 117,566 82,259 (51,094) 177% 279 IT / Innovation / 311 Call Center 15,180,658 1,333,133 15,467,000 10,262,996 (286,341) 102% 711 Self-Funded Employee Benefits 19,077,159 1,603,617 19,122,688 18,191,953 (45,529) 100% 713 Unemployment Compensation 86,992 80,448 96,119 10,467 (9,127) 110% 714 Parental Leave 311,871 33,586 358,016 298,755 (46,145) 115% Total Internal Service Funds 50,673,098 4,921,655 49,551,254 42,240,826 1,121,845 98% Fiduciary Funds 701 Fire Pension 4,600,000 1,000 3,940,696 4,075,547 659,304 86% 702 Police Pension 6,192,000 2,763 6,085,029 5,998,908 106,971 98% Total Fiduciary Funds 10,792,000 3,763 10,025,725 10,074,455 766,275 93% Total City Controlled Funds 402,157,061 65,803,292 402,950,386 378,427,360 (793,322) 100% City of South Bend Monthly Fund Financials Revenue Summary 12/31/2025 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 9,271,647 30,150,609 21,214,018 (7,259,457) 132% 422 TIF - West Washington 717,125 294,662 583,762 535,947 133,363 81% 429 TIF - River East Development Area (NE Dev) 7,962,536 3,281,641 9,031,462 6,578,037 (1,068,926) 113% 430 TIF - Southside Development Area #1 3,778,416 1,590,570 3,802,188 4,089,697 (23,772) 101% 435 TIF - Douglas Road 425,820 134,210 319,809 245,859 106,011 75% 436 TIF - River East Residential Area (NE Res) 8,172,462 3,105,290 7,790,145 7,385,974 382,317 95% Total Tax Increment Financing Funds 43,947,511 17,678,019 51,677,976 40,049,531 (7,730,464) 118% Redevelopment Funds 433 Redevelopment General 1,994,924 11,288 2,733,775 1,654,014 (738,851) 137% 439 Certified Technology Park 230 34 533 328 (303) 232% 452 2018 TIF Park Bond Capital 1,055 275 5,180 67,016 (4,125) 491% 454 Airport Urban Enterprise Zone 8,461 1,263 19,629 12,091 (11,168) 232% 456 2023 South Bend Redevelopment Authority Bonds - 37,269 662,426 40,213,563 (662,426) 0% Total Redevelopment Funds 2,004,670 50,129 3,421,542 41,947,011 (1,416,873) 171% Debt Service Funds 315 Airport 2003 Debt Reserve 134 252 9,025 30,526 (8,891) 6735% 328 SBCDA 2003 Debt Reserve 224 421 15,088 51,035 (14,864) 6736% 351 2018 TIF Park Bond Debt Service 21,362 3,188 49,539 30,515 (28,177) 232% 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 16 16 6,654 0% Total Debt Service Funds 1,059,228 3,862 1,109,172 1,147,595 (49,944) 105% Total Redevelopment Commission Funds 47,011,409 17,732,010 56,208,690 83,144,138 (9,197,281) 120% Grand Total 449,168,470 83,535,302 459,159,076 461,571,497 (9,990,603) 102% City of South Bend Monthly Fund Financials Expenditure Summary 12/31/2025 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 126,382,152 12,516,719 118,603,147 110,246,594 13,338 7,765,666 94% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 34,031,893 2,080,772 29,745,034 22,736,190 630 4,286,229 87% 202 Motor Vehicle Highway 18,151,433 1,730,807 15,829,976 14,964,891 - 2,321,458 87% 209 Studebaker-Oliver Revitalizing Grants 103,312 8,642 101,948 39,368 - 1,364 99% 210 Economic Development State Grants - - - - - - 0% 211 Dept of Community Investment Operating 5,084,022 373,798 4,532,819 4,233,812 - 551,203 89% 212 Dept of Community Investment Grants 4,473,289 428,134 4,271,423 2,859,882 - 201,866 95% 216 Police State Seizures 22,000 - - - - 22,000 0% 217 Gift, Donation, Bequest 878,447 8,342 823,486 5,339,970 - 54,961 94% 218 Police Curfew Violations - - - - - - 0% 219 Unsafe Building 24,212 671 24,212 24,780 - - 100% 220 Law Enforcement Continuing Education 1,208,796 29,729 1,104,275 904,620 - 104,520 91% 221 Rental Units Regulation 60,565 - 6,565 56,593 - 54,000 11% 227 Loss Recovery 210,000 - - - - 210,000 0% 230 Code Enforcement 7,473,819 394,714 5,878,047 5,001,223 - 1,595,772 79% 249 Local Income Tax - Public Safety 13,878,633 1,067,587 13,878,633 13,856,681 - - 100% 251 Local Road & Street 2,635,754 450,420 2,091,103 3,269,691 - 544,651 79% 257 LOIT Special Distribution 34,535 - 34,535 - - - 100% 258 Human Rights Federal Grants 462,889 26,889 301,739 231,051 - 161,150 65% 263 American Rescue Plan 23,274 - 23,274 9,321,898 - - 100% 264 COVID-19 Response 4,166 - 4,166 118,138 - - 100% 265 Local Road & Bridge Grant 3,207,524 12,200 2,595,524 1,229,350 - 612,001 81% 266 MVH Restricted 3,176,854 72,970 3,121,201 2,955,898 - 55,653 98% 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 54,086 3,821 54,922 60,963 - (836) 102% 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 (1,000,898) 45,564 1,297,124 - - 100% 408 Local Income Tax - Economic Development 32,209,256 3,466,318 25,647,605 16,862,259 - 6,561,651 80% 410 Urban Development Action Grant - - - - - - 0% 655 Project ReLeaf 472,186 45,415 382,556 397,704 - 89,631 81% 705 Police K-9 Unit - - - - - - 0% 730 City Cemetery - - - - - - 0% 754 Industrial Revolving Fund 217,368 2,334 151,896 82,115 - 65,473 70% Total Special Revenue Funds 128,203,878 9,202,665 110,682,545 105,844,202 630 17,520,704 86% 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 - 388,754 393,388 - - 100% 752 South Bend Redevelopment Authority 9,799,691 (697,000) 12,865,191 4,686,781 - (3,065,500) 131% 755 South Bend Building Corporation 1,430,605 - 1,429,955 1,424,543 - 650 100% 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 17,193,921 (697,000) 20,258,421 12,040,183 - (3,064,500) 118% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary 12/31/2025 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 6,495,432 19,561 5,193,984 3,623,181 - 1,301,449 80% 401 Coveleski Stadium Capital 30,000 - - 21,613 - 30,000 0% 406 Cumulative Capital Development 891,096 41,667 500,000 548,541 - 391,096 56% 407 Cumulative Capital Improvement 75,000 6,250 75,000 75,000 - - 100% 412 Major Moves Construction 482,934 124,702 482,899 884,900 - 35 100% 413 Professional Sports Convention Development Area 157,923 - 157,923 4,167,772 - - 100% 416 Morris Performing Arts Center Capital 6,692,658 (265,991) 6,426,666 1,493,326 - 265,991 96% 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 399,500 - 399,500 276,767 - - 100% 458 458 2024 RDA Bond Proceeds (Four Winds) 24,195,174 2,069,048 24,185,074 2,027,334 - 10,100 100% 471 2017 Parks Bond Capital 29,374 - 14,004 375,154 - 15,370 48% 750 Equipment/Vehicle Leasing - - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 39,459,091 1,995,236 37,435,049 13,493,588 - 2,024,041 95% Enterprise Funds 600 Consolidated Building 4,322,213 1,254,322 3,894,483 2,838,993 - 427,730 90% 601 Parking Garages 1,748,945 146,432 1,801,753 1,261,150 (29,525) (23,283) 101% 602 Morris Performing Arts Center Operations 1,858,999 204,785 1,746,933 1,521,576 - 112,066 94% 610 Solid Waste Operations 8,843,048 1,875,247 8,142,930 7,679,398 - 700,118 92% 611 Solid Waste Capital 3,302,870 1,608,432 3,270,240 3,866,961 - 32,629 99% 620 Water Works Operations 24,166,935 1,322,555 18,588,990 17,801,468 - 5,577,946 77% 622 Water Works Capital 3,078,196 1,034,154 8,010,510 2,037,026 - (4,932,314) 260% 624 Water Works Customer Deposit - - - - - - 0% 625 Water Works Sinking (Debt Service) 2,840,803 29,691 541,858 1,090,143 - 2,298,945 19% 626 Water Works Bond Reserve - - - - - - 0% 629 Water Works Operations & Maintenance Reserve - - - - - - 0% 640 Sewer Repair Insurance 1,359,983 64,465 1,083,680 994,942 - 276,303 80% 641 Sewage Works Operations 53,141,740 7,850,054 38,037,503 31,647,467 - 15,104,237 72% 642 Sewage Works Capital 11,788,612 734,630 9,479,993 4,317,807 - 2,308,619 80% 643 Sewage Works Operations & Maintenance Reserve - - - - - - 0% 649 Sewage Sinking (Debt Service) 10,584,228 5,559,074 8,078,144 7,623,195 - 2,506,084 76% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - - - - 0% 667 Storm Sewer 891,400 220,486 699,900 1,601,475 - 191,500 79% 670 Century Center Operations 4,534,659 317,901 4,436,829 4,807,849 - 97,830 98% 671 Century Center Capital 80,596 28,384 79,011 223,629 - 1,586 98% Total Enterprise Funds 132,543,225 22,250,610 107,892,756 89,313,080 (29,525) 24,679,996 81% Internal Service Funds 222 Central Services 12,475,113 816,840 10,345,106 11,050,762 - 2,130,007 83% 224 Central Services Capital - - - - - - 0% 226 Liability Insurance 3,831,230 182,623 3,296,903 3,098,324 - 534,327 86% 278 Police Take Home Vehicle 50,000 - - - - 50,000 0% 279 IT / Innovation / 311 Call Center 15,664,872 1,194,940 14,804,923 12,501,398 1 859,948 95% 711 Self-Funded Employee Benefits 20,887,618 1,895,876 22,234,768 18,734,663 - (1,347,150) 106% 713 Unemployment Compensation 100,320 5,301 92,939 77,729 - 7,381 93% 714 Parental Leave 150,000 459 117,790 78,021 - 32,210 79% Total Internal Service Funds 53,159,152 4,096,038 50,892,429 45,540,898 1 2,266,723 96% Fiduciary Funds 701 Fire Pension 4,522,797 336,379 4,251,624 3,985,174 - 271,173 94% 702 Police Pension 6,157,949 486,110 6,092,336 6,053,170 - 65,613 99% Total Fiduciary Funds 10,680,746 822,489 10,343,960 10,038,345 - 336,786 97% Total City Controlled Funds 507,622,165 50,186,757 456,108,307 386,516,888 (15,556) 51,529,416 90% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary 12/31/2025 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 19,270,277 1,624,139 21,870,523 39,245,605 - (2,600,247) 113% 422 TIF - West Washington 174,380 - 174,380 1,208,357 - - 100% 429 TIF - River East Development Area (NE Dev) 6,909,390 469,753 7,622,273 5,176,736 - (712,883) 110% 430 TIF - Southside Development Area #1 2,998,603 321,762 3,010,998 8,034,036 - (12,395) 100% 435 TIF - Douglas Road 348,434 - 348,434 - - - 100% 436 TIF - River East Residential Area (NE Res) 4,946,929 - 4,945,322 6,992,824 - 1,606 100% Total Tax Increment Financing Funds 34,648,012 2,415,654 37,971,930 60,657,558 - (3,323,919) 110% Redevelopment Funds 433 Redevelopment General 2,067,903 46,435 2,060,202 1,487,965 - 7,702 100% 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 5,378,236 716,151 5,368,586 5,520,906 - 9,651 100% 457 2024 South Bend Redevelopment Authority 2,425,737 35,269 2,435,737 71,735 - (10,000) 100% Total Redevelopment Funds 9,948,553 797,855 9,941,200 9,319,361 - 7,353 100% 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 45,626,689 3,213,509 48,943,255 73,790,501 - (3,316,566) 107% Grand Total 553,248,854 53,400,266 505,051,562 460,307,390 (15,556) 48,212,850 91% * 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 - - - - - 33,013,266 71,288,923 67,959,634 105% TIF Districts - - - - - 22,895,231 - - - - - 17,445,753 40,340,984 40,805,075 99% Sub Total - - - - - 61,170,888 - - - - - 50,459,019 111,629,908 108,764,709 103% Local Income Tax LIT Certified Shares 960,860 960,860 960,860 960,860 2,220,580 960,860 960,860 960,860 960,860 960,860 960,860 960,860 12,790,038 13,285,318 96% 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 1,297,068 1,297,068 17,267,366 17,774,148 97% LIT for Public Safety 916,723 916,723 916,723 916,723 2,138,241 916,723 916,723 916,723 916,723 916,723 916,723 916,723 12,222,196 12,400,678 99% 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 3,174,651 3,174,651 42,279,600 43,460,144 97% 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 3,174,651 53,633,670 153,909,507 152,224,853 101% Intergovernmental Revenue State Shared Revenue Auto Excise Tax - - - - - 1,630,563 - - - - - - 1,630,563 4,836,893 34% Commercial Vehicle Tax - - - - - 474,300 - - - - 486,644 - 960,944 1,276,753 75% 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) - - - 98,858 195,711 220,530 89% Gasoline Tax 524,009 541,614 584,575 537,787 589,343 562,037 586,305 326,713 576,860 580,670 583,686 588,890 6,582,489 6,179,138 107% Wheel Tax 146,462 - 127,853 347,789 198,044 - - 377,498 380,183 - 365,566 180,713 2,124,109 2,100,000 101% PSCDA Tax 672,740 615,123 571,336 845,153 - - 18,737 - 706,894 1,009,840 734,623 694,899 5,869,344 2,800,000 210% 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 2,170,518 1,563,360 27,658,492 28,330,355 98% 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 1,949,678 296,226 121,751 858,416 386,821 947,692 6,318,596 5,457,412 116% State Grants 4,862,184 - 219,678 - 450 357,550 480,574 991,212 64,698 269,440 116,347 3,275 7,365,407 100,000 7365% Sub Total 5,378,005 360,689 474,223 430,246 102,256 452,457 2,430,252 1,287,438 186,448 1,127,856 503,167 950,967 13,684,004 5,557,412 246% 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 3,016 28,349 87,925 5,000 1759% Sub Total 1,619 4,904 5,330 3,297 11,011 50,263 12,398 9,004 19,202 7,891 3,016 28,349 156,284 115,000 136% 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 2,676,701 2,542,676 44,644,217 36,663,204 122% Licenses & Permits Business Business Licenses 24,275 28,032 20,882 16,361 7,806 4,812 2,821 2,918 2,422 419 645 898 112,290 116,755 96% Taxi Cab Licensing 76 76 558 525 10 290 131 - 333 696 104 - 2,799 2,200 127% Sub Total 24,351 28,108 21,440 16,886 7,816 5,102 2,952 2,918 2,755 1,115 749 898 115,089 118,955 97% Nonbusiness Lawn Parking 90 90 45 100 68 135 2,258 6,097 4,079 423 495 90 13,970 3,500 399% Engineering 29,325 3,939 6,050 11,990 9,420 8,180 16,065 8,860 11,686 6,055 8,805 5,675 126,050 127,257 99% Right-of-Way Closures 150 50 350 400 450 375 250 350 350 75 100 - 2,900 1,500 193% Park Food Sales Permit 15 206 - 26 139 150 205 - 53 26 60 - 880 360 244% Fire Dept-Building Plan Review 1,726 621 964 1,913 2,520 952 1,187 1,975 1,898 6,350 2,482 3,463 26,051 26,000 100% Building Department 202,050 124,098 231,154 745,978 215,897 416,326 186,397 378,197 203,225 235,911 162,329 150,706 3,252,267 2,285,800 142% SBARC - Pet Licenses 1,500 1,935 2,030 1,365 2,235 1,400 1,670 2,175 1,940 3,710 2,135 1,365 23,460 25,000 94% Sub Total 234,856 130,939 240,593 761,772 230,729 427,518 208,032 397,654 223,231 252,550 176,406 161,299 3,445,578 2,469,417 140% Total Licenses & Permits 259,206 159,047 262,033 778,658 238,545 432,620 210,984 400,571 225,986 253,665 177,156 162,197 3,560,667 2,588,372 138% Period Ending: December 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: December 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 (20) 80 3,005 1,720 175% IT Services - - - - - - - - - - - - - - NA Sub Total 160 480 160 450 500 260 670 1,290 425 200 (20) 80 4,655 4,120 113% 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 8,126 8,421 89,206 80,500 111% Traffic Signal Maintenance 5,125 4,164 10,918 20,209 2,892 11,849 12,177 10,706 3,970 6,988 7,088 5,529 101,615 150,000 68% EMS Special Event Coverage - 840 - 59,202 - 8,860 - - - 41,471 42,097 20,247 172,717 160,000 108% 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 22,800 18,000 120,315 90,000 134% Fire Training Center Tuition - - - - - - 2,500 - - - - - 2,500 50,000 5% Emergency Medical Service 349,131 434,618 529,142 434,871 366,224 509,959 245,811 338,455 449,463 695,805 235,723 469,733 5,058,934 5,350,000 95% Medicaid Reimbursements - - - 689,993 - - - - - - - 625,015 1,315,009 469,580 280% EMS for County 189,923 189,923 189,893 189,923 189,923 189,923 189,923 189,923 189,923 - 189,923 189,923 2,089,119 2,108,162 99% Hazmat Charges - - - 2,487 - 1,881 1,985 - 2,487 - 42,187 - 51,027 5,000 1021% Police Special Event Coverage - - - - - - - 2,311 - - - - 2,311 15,000 15% Crime Lab Services - - 1,975 600 3,050 1,225 - - 1,575 200 1,250 2,000 11,875 15,000 79% EMS Late Payment Interest - - - - - - - - - - - - - 15,000 0% Misc Revenue - 36 18 27 9 18 36 9 9 54 909 9 1,134 500 227% Sub Total 578,666 661,591 753,155 1,417,549 574,221 729,990 455,891 556,132 651,400 760,138 550,102 1,338,877 9,027,713 8,528,742 106% 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 88,758 370,668 1,735,598 1,403,079 124% Palais Royale Ballroom 26,508 14,138 (1,316) 11,819 12,388 13,572 7,845 13,557 10,172 11,419 5,673 28,867 154,640 175,972 88% Parks & Recreation 332,632 111,091 149,330 250,704 410,993 426,299 468,870 401,623 352,719 187,335 289,821 136,556 3,517,974 3,450,304 102% Lease of Coveleski Stadium - - - - - - - - - - - - - 31,611 0% Century Center 214,891 137,135 225,646 152,541 328,187 182,030 90,857 441,033 114,346 116,718 142,003 236,146 2,381,533 2,097,000 114% Sub Total 579,589 311,356 449,609 565,553 881,055 660,589 578,371 1,039,339 1,035,290 390,503 526,254 772,237 7,789,745 7,157,966 109% 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 579,794 591,169 591,283 591,570 592,731 593,919 593,117 595,255 597,665 596,025 597,377 596,274 7,116,179 6,865,976 104% Trash Collection/Commercial 12,210 12,380 12,248 12,235 12,259 12,206 12,124 12,163 12,123 12,144 12,357 12,312 146,761 145,779 101% 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 4,845 4,841 57,878 60,742 95% 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 2,278 2,288 27,151 27,941 97% 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 2,988 3,031 36,698 34,015 108% 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 3,160 2,180 28,515 32,629 87% Trash Collection/Yard Waste Pickup 20 10 - 40 70 10 20 30 10 140 10 150 510 770 66% Misc/Additional Trash Totes (587) (157) (225) (108) (335) (644) (128) (401) (220) (276) (230) (280) (3,593) - 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 1,340 1,780 18,210 12,095 151% Misc/Contamination Fee 60 75 20 230 1,225 1,535 1,365 1,975 2,415 1,820 2,000 1,245 13,965 6,695 209% Misc/Tote Replacement Fee 350 150 500 800 766 414 1,207 1,016 552 672 387 422 7,235 6,905 105% Misc/Trash Start Fee 2,860 3,060 2,920 3,450 3,951 4,080 4,160 4,690 4,940 3,650 4,060 3,820 45,641 48,324 94% Misc/Yard Waste Totes 166 166 (65) 135,525 136,529 137,247 137,847 138,339 138,642 138,663 138,609 121 1,101,789 960,000 115% Sub Total 608,663 620,556 620,129 757,781 760,393 762,755 763,991 767,382 770,191 767,732 769,180 628,183 8,596,934 8,256,538 104% 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: December 31, 2025 Charges for Services Utilities - Water Metered Sales/Residential 688,451 690,817 662,098 652,031 691,577 773,912 875,290 876,994 808,073 750,215 691,322 662,971 8,823,750 9,232,159 96% Metered Sales/Commercial 204,280 206,911 207,035 199,533 216,678 231,634 241,502 248,834 230,210 226,012 214,089 200,992 2,627,709 2,930,546 90% Metered Sales/Industrial 29,090 30,247 31,856 29,987 32,816 33,712 33,505 36,221 32,219 34,297 34,251 30,894 389,096 560,965 69% Metered Sales/Multi Family 103,857 96,836 103,384 99,643 104,161 105,410 117,025 119,142 119,051 111,250 109,541 106,865 1,296,164 1,400,014 93% Bulk Sales/Olive St - - - - 203 534 - 406 145 348 435 - 2,071 8,087 26% Metered Sales/Institution 10,977 12,374 12,297 11,447 11,699 12,254 12,591 12,933 13,374 12,714 12,074 11,707 146,441 151,759 96% Public Fire Protection 229,995 230,005 230,146 229,949 230,489 229,410 231,174 230,312 232,168 231,268 233,940 230,597 2,769,454 2,949,806 94% Private Fire Protection 42,677 42,495 42,401 42,387 42,427 42,268 42,365 42,162 42,387 42,276 42,354 42,730 508,930 554,704 92% Sales to Public Authorities 32,719 35,403 36,695 31,813 36,773 44,770 51,866 50,844 52,765 47,568 41,085 33,616 495,917 326,737 152% Irrigation Sales 2,642 2,628 2,914 7,967 68,876 248,343 346,078 384,485 335,465 264,712 67,243 7,703 1,739,057 1,565,306 111% Other Water/Misc Service 18,039 34,437 26,565 20,577 43,659 36,214 36,933 47,941 47,972 40,492 47,862 16,986 417,678 537,812 78% Backflow Prevention Insp. 9,000 13,250 15,300 13,425 14,825 19,200 12,000 11,725 14,700 17,450 13,300 8,350 162,525 183,931 88% Water Main Extension - - - - - - - - - - - - - - NA Rents From Water Property - - - - - - - - - - - - - - NA Revenue From Cut Off Fees - 450 525 375 225 300 - 75 150 75 232 - 2,407 5,025 48% Penalties (Forfeit Disc.) (6,240) 9,686 8,764 9,163 7,429 9,566 9,812 9,508 11,534 10,389 9,759 10,106 99,477 83,415 119% Water Leak Insurance 96,429 96,255 96,155 96,175 96,348 96,219 96,395 96,337 96,622 96,457 96,557 96,433 1,156,383 1,202,845 96% System Development Fee 8 1,713 3,420 9,619 5,558 43,819 18,858 3,625 10,046 2,138 428 9,395 108,624 210,000 52% 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 1,614,473 1,469,346 20,745,685 21,903,111 95% 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 1,978,884 1,961,696 23,743,052 22,555,939 105% Metered Sales/Commercial 696,294 791,433 689,305 681,610 691,584 699,856 768,929 756,734 754,905 663,243 731,431 740,025 8,665,349 8,872,531 98% Metered Sales/Industrial 463,582 464,655 460,948 479,203 481,243 486,282 493,153 567,523 544,136 550,701 506,789 500,763 5,998,977 6,076,245 99% Metered Sales/Multi Family 286,434 284,281 282,300 291,613 292,864 291,636 295,032 298,464 291,165 292,331 290,980 286,349 3,483,449 3,546,028 98% Metered Sales/Institution 29,221 31,925 31,997 30,257 30,432 31,479 31,362 32,279 33,941 33,097 31,868 30,914 378,773 337,060 112% Sales to Public Authority 110,159 115,243 116,905 108,688 122,492 129,105 142,468 143,889 138,538 138,295 122,231 106,511 1,494,523 1,265,097 118% 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 58,643 70,297 698,443 614,567 106% Dumping Fees 6,875 10,300 13,060 17,602 17,040 17,840 17,051 22,200 22,340 26,989 18,540 23,110 212,947 25,873 823% Laboratory Service Fees 1,950 1,800 1,950 3,900 1,950 - 2,910 1,800 1,650 2,100 1,950 2,130 24,090 1,754 1373% 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 1,031 24,732 465,314 339,000 137% 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 49,498 49,489 593,126 585,295 101% Sewer Repair Deductible 10,117 10,054 9,915 10,079 9,972 9,129 9,794 9,453 9,919 10,892 9,772 10,053 119,149 80,800 147% Charges for Svcs-Utilities-Sewage-Misc Revenues 434 - - - - - 1,538 1,904 1,219 297 27 4,972 10,389 - NA UAP Assistance Fee 90,778 90,698 90,671 90,691 90,933 91,040 91,035 91,320 91,173 91,194 91,419 91,334 1,092,287 968,920 113% UAP Credit (Contra) (60,632) (58,601) (61,608) (65,118) (68,361) (70,061) (71,624) (72,463) (72,717) (73,604) (76,251) (77,535) (828,574) (968,920) 86% 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 27,146 27,387 314,909 - 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 3,843,957 3,852,228 46,469,770 44,594,241 104% Utilities - Other Storm Water Fees 107,201 113,947 113,814 113,502 113,839 113,612 113,760 114,171 114,755 114,541 114,619 113,976 1,361,737 1,147,200 119% 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 38,121 37,990 455,797 456,126 100% Sub Total 145,186 151,867 151,693 151,374 151,780 151,539 151,681 152,180 152,898 152,630 152,740 151,966 1,817,534 1,603,326 113% 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 19,678 2,989 146,153 117,434 124% Mulch/Compost Sales 21 290 3,798 10,610 6,470 4,054 2,079 4,722 6,735 5,581 1,001 98 45,458 56,432 81% Sub Total 1,574 2,782 13,874 34,856 20,771 20,077 17,849 19,329 17,922 18,811 20,678 3,087 191,611 173,866 110% 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: December 31, 2025 Charges for Services Animal Resource Center Pet Impound Reclaim Fee - 235 175 340 125 240 570 570 730 695 435 430 4,545 3,000 152% Pet Adoption Fees 2,080 1,762 589 1,443 1,140 1,270 1,354 1,759 1,986 1,342 1,532 1,085 17,342 20,000 87% Pick Up Fees 160 - - - 80 40 40 - 80 40 40 80 560 500 112% Pet Micro Chipping 180 240 260 320 320 460 360 200 420 360 360 280 3,760 3,600 104% Vet Expenses 300 30 255 585 81 406 105 175 275 380 280 605 3,477 2,500 139% Pet Euthanasia 120 120 160 180 280 280 340 240 160 320 100 220 2,520 500 504% Animal Surrenders 880 660 757 780 680 640 560 520 760 480 380 640 7,737 8,500 91% Cremation 765 560 430 820 745 1,185 890 830 700 600 150 150 7,825 5,500 142% Rabies Specimen Prep 30 120 60 60 30 60 - 60 150 90 - 90 750 500 150% Boarding - - - - - - - 45 90 135 90 270 630 600 105% Sub Total 4,515 3,727 2,686 4,528 3,481 4,581 4,219 4,399 5,351 4,442 3,367 3,850 49,146 45,200 109% Other DCI Staff Contracts 2,500 1,250 84,839 28,077 17,896 120,416 455,187 - 108,906 313,704 5,000 126,722 1,264,498 924,269 137% 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) 107,518 106,710 121,167 1,159,771 911,219 127% Parking-Century Center 17,520 9,255 27,176 7,825 8,490 7,280 5,685 8,000 8,640 7,250 10,550 985 118,656 70,000 170% Central Services-Internal Customers 707,969 837,071 797,095 921,724 769,732 860,143 784,262 752,721 937,822 917,283 - 1,304,447 9,590,270 11,585,257 83% Central Services-External Customers 21,322 26,711 43,791 25,884 25,445 30,533 29,863 24,123 26,045 31,771 17,139 18,931 321,560 380,000 85% 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 1,537,424 1,545,315 18,312,211 18,514,500 99% 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 1,676,823 3,117,567 30,767,246 32,385,245 95% 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 9,157,554 11,337,420 125,465,415 124,662,856 101% Fines, Forfeitures, & Fees General Ordinance Violation - 50 - - - - - - - - - - 50 - NA Bad Checks Fines - - - - - - - - - - - - - - NA Collections - - 213 150 - - 375 356 - - 288 - 1,382 5,000 28% Court Fees 1,723 - - - - 1,455 1,812 - 20 1,583 200 200 6,993 10,000 70% Plan Commission Application Fee 1,350 1,000 1,600 3,000 1,950 500 4,600 3,400 2,800 - 600 300 21,100 24,000 88% Zoning Appeals Application Fee 1,450 1,950 2,200 1,225 1,750 1,025 1,825 950 1,350 2,400 600 675 17,400 13,600 128% Zoning Admin Fees 1,110 700 970 1,270 1,580 1,340 1,300 2,140 3,110 2,890 2,370 1,452 20,232 15,800 128% Zoning Admin Fines 75 - 38 38 75 - 38 138 38 38 113 113 700 500 140% Tax Abatement Admin Fees 750 3,542 2,705 - 1,696 500 1,329 1,563 - 250 1,212 - 13,547 10,600 128% Test Filling Fees 600 550 350 150 350 350 300 500 100 450 250 650 4,600 8,000 58% 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 5,632 3,390 86,004 87,500 98% Code Enforcement Vacant Bldg Registration 314 600 - - - - 500 - - - - 600 2,014 600 336% 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 9,800 12,013 187,461 250,000 75% Demolition & Boarding 794 453 1,706 623 825 408 333 - 333 100 - 33,544 39,120 20,640 190% 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 13,838 16,159 184,169 89,400 206% Ordinance Violation 8,265 6,706 6,982 6,782 21,996 1,295 1,324 5,558 7,312 3,760 9,840 4,500 84,320 102,000 83% Animal Ordinance Violation 727 623 866 1,257 963 2,888 1,627 4,704 2,161 1,066 2,089 1,386 20,357 50,000 41% Forfeitures-Civil Penalties - - - 560 100 1,700 - - - - - 4,731 7,091 10,000 71% 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 35,567 72,932 524,836 523,140 100% Parking Street Parking Fines 6,220 3,290 4,160 11,420 10,290 11,220 31,280 14,150 2,980 16,452 20,396 16,467 148,325 103,000 144% 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: December 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 4,213 9,701 84,329 85,000 99% 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 560 490 610 570 630 540 640 520 600 658 474 505 6,797 10,000 68% Sub Total 11,810 2,746 5,529 5,783 6,431 8,490 6,977 8,220 12,450 11,033 4,686 10,206 94,361 96,200 98% Total Fines, Forfeitures, & Fees 60,891 60,850 52,264 43,095 78,273 71,140 93,247 77,967 57,058 89,463 66,282 102,994 853,526 809,840 105% 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 12,330 963,827 8,714,473 90,066 9676% Sale of Scrap Metal 1,783 1,856 1,217 19,474 947 - 1,612 1,478 746 3,964 - 132 33,209 18,055 184% Bond Interest Rebate - - - - - - 29,796 - - - - - 29,796 55,832 53% Program Income 322 - - 942 466 590 2,240 1,976 (1,096) 236 452 (4,813) 1,315 50,000 3% Origination Fees 14,700 - 4,187 3,000 - 1,685 - 10,000 - 500 1,050 - 35,122 10,000 351% Loan Servicing Fees 640 4,504 19,323 6,069 7,765 9,534 8,330 4,533 - (1,584) - 5,286 64,402 54,000 119% 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 13,832 964,433 8,878,316 277,953 3194% 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 1,592,719 1,102,074 18,466,543 6,259,731 295% Rental of Property 14,863 15,995 15,593 42,168 11,228 11,028 19,020 26,028 11,078 19,358 6,028 17,028 209,416 170,284 123% Donations 76,663 2,937 2,983 44,279 21,428 890,412 550,616 54,633 100,867 3,407,928 15,888 155,365 5,324,000 1,451,000 367% 3rd Party Revenue Cable TV Franchise Fees - 107,925 - - 111,488 - - - - 107,312 104,656 - 431,383 600,000 72% Video Franchise Fees 17,421 - - 16,217 - - 15,416 - - - 14,919 - 63,973 100,000 64% Sub Total 17,421 107,925 - 16,217 111,488 - 15,416 - - 107,312 119,575 - 495,356 700,000 71% 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 1,748,042 2,238,901 33,373,631 8,858,968 377% Reimbursements Miscellaneous Reimbursements 6,837 51,003 7,505 42,802 28,701 60,929 33,214 13,784 423 22,259 14,929 14,042 296,428 140,162 211% Insurance Claim 18,783 35,632 31,656 19,824 45,217 24,390 7,905 15,647 13,631 27,498 23,385 (164,369) 99,199 97,000 102% 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 1,854 225 375 300 225 11,079 20,000 55% Salary/Overtime Reimb 19,677 15,630 - 3,373 - - 4,169 11,089 3,793 319,468 - 126,260 503,460 400,000 126% 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 75,825 76,028 828,058 800,000 104% Morris Advertising Reimbursement - - - - - - - - - - - - - - NA Sub Total 200,015 179,855 129,010 143,696 156,217 166,357 45,762 129,265 93,694 445,086 114,439 52,184 1,855,579 1,550,162 120% Departmental Reimbursements - - - - - - - - - - - - - - NA Total Reimbursements 200,015 179,855 129,010 143,696 156,217 166,357 45,762 129,265 93,694 445,086 114,439 52,184 1,855,579 1,550,162 120% 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 3,631,475 10,629,256 49,058,856 64,177,906 76% PILOT - - - - - - 5,765,661 - - - - - 5,765,661 5,765,661 100% Administration Cost Allocation 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 798,833 9,586,000 9,586,000 100% 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 1,313,936 1,313,936 14,985,785 14,991,280 100% Liability Insurance Allocation 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 303,333 3,639,999 3,639,999 100% Payroll Cost Allocation 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 233,769 2,805,223 2,789,430 101% Facilities Management Allocation 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 13,333 160,000 160,000 100% Utility Customer Service Mgmt Allocation 134,688 134,688 134,688 134,688 134,688 134,688 134,688 134,688 134,688 83,123 160,470 160,470 1,616,250 1,616,250 100% 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 6,455,149 13,452,930 87,617,774 102,726,526 85% 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: December 31, 2025 Other Sources Sale of Assets Sale of Capital Assets - - - - - - - - 213,384 - 147,453 - 360,837 20,000 1804% Sale of Non-Capital Assets - - - - - - - - 16,175 - 5,419 - 21,594 - NA Sale of Property - 500 - - - 900 500 15,750 - - 900 2,000 20,550 10,000 206% 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 15,750 229,559 686 153,772 2,000 407,251 30,000 1358% 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 30 243 44,627 4,000 1116% Specific Stop Loss - - - - - - - - - - (5,610) - (5,610) 10,000 -56% Utility Receipts Tax Refund - - - - - - - - - - - - - - NA Sub Total 13 (3,443) 14,164 581 (4) 210 286 - 32,527 21 (5,580) 243 39,017 14,000 279% 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) (357,238) (33,222) (638,679) 348,500 -183% Other Loan - Interest Income 35,606 40,845 42,480 37,863 46,896 41,552 39,969 60,627 45,869 49,502 41,633 43,310 526,152 506,300 104% Sub Total (186,506) 167,975 89,807 89,925 (364,713) 7,159 447,190 200,981 24,388 (162,323) (315,605) 10,088 8,365 975,692 1% 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 6,287,736 13,465,260 95,496,535 121,810,215 78% 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 23,402,561 83,535,302 459,159,076 449,168,470 102% 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 78,981 96,204 1,108,738 1,246,564 89% 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 8,249 23,684 126,667 128,279 99% Clerk 101 54,383 42,270 54,715 35,631 39,198 36,929 46,792 62,202 41,546 26,604 37,905 40,052 518,225 621,230 83% Common Council 101 47,927 65,088 62,908 70,584 44,375 78,617 48,771 81,723 53,166 46,602 61,889 85,329 746,981 1,015,977 74% Youth Council 101 183 664 - 50 2,150 2,946 - 622 - 200 - 1,057 7,872 9,248 85% 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 1,507,145 2,348,910 11,588,246 11,467,807 101% Controller' Office 101 343,018 228,397 288,560 278,585 462,410 320,444 244,454 304,770 250,789 255,541 253,088 275,385 3,505,441 3,670,956 95% Human Resources 101 83,347 67,251 60,807 63,550 63,665 66,773 62,417 84,658 63,036 83,015 84,546 89,617 872,680 1,007,392 87% Diversity & Inclusion 101 54,896 39,246 34,702 55,970 37,776 38,720 45,696 44,122 47,912 21,226 17,159 26,068 463,493 574,143 81% Human Rights 101 50,960 53,701 67,152 44,001 41,399 44,375 48,939 73,128 51,984 52,814 46,318 59,840 634,609 824,122 77% Legal 101 212,085 154,747 146,008 146,859 145,151 157,395 152,350 200,676 143,783 108,830 118,374 155,163 1,841,420 2,190,607 84% Engineering 101 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 - (400,000) - 4,100,000 4,100,000 100% Park Maintenance 101 134,889 67,272 - - - - 335,253 91,158 65,358 56,683 62,972 122,659 936,245 970,356 96% Park Capital 101 - - - - - - - - - - - - - 2,500,028 0% Curb & Sidewalk 101 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 133,333 1,600,000 1,600,000 100% Street Signals & Lighting 101 128,885 23,237 125,368 122,692 125,686 116,010 123,617 121,614 117,781 23,559 27,317 203,757 1,259,523 1,400,000 90% Streets 101 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 4,500,000 4,500,000 100% 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 2,412,276 4,036,058 33,810,142 37,826,707 89% Public Works Engineering 101 404,743 281,397 367,908 279,442 308,383 327,567 317,577 454,821 315,352 369,678 310,457 347,353 4,084,676 4,771,495 86% Sub Total 404,743 281,397 367,908 279,442 308,383 327,567 317,577 454,821 315,352 369,678 310,457 347,353 4,084,676 4,771,495 86% 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 3,293,263 4,898,047 44,806,105 46,779,269 96% Crime Lab 101 90,829 70,883 72,651 75,456 74,433 74,822 75,300 98,651 74,626 15,934 54,823 56,647 835,056 1,049,177 80% 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 2,275,687 3,084,850 33,888,933 34,550,819 98% EMS 101 150,133 69,475 62,807 121,729 77,170 80,748 53,425 50,716 40,493 91,093 36,421 71,199 905,409 1,043,191 87% Fire Training Center 101 6,334 27,991 7,587 6,002 4,531 2,447 4,872 22,029 13,316 2,572 2,227 2,945 102,854 112,500 91% 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 5,662,421 8,113,688 80,538,357 83,534,956 96% Community Investment Sustainability 101 - - - - 163 - - - - 299 150 (299) 313 33,000 1% Sub Total - - - - 163 - - - - 299 150 (299) 313 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 9,538 19,919 170,650 215,993 79% Sub Total 16,757 9,070 18,875 12,995 12,222 9,824 17,272 10,555 12,635 19,996 9,538 19,919 169,660 215,993 79% 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 8,394,842 12,516,719 118,603,147 126,382,152 94% Venues, Parks & Arts Parks & Recreation Park Administration 201 80,340 89,823 90,708 92,048 90,127 92,607 94,527 107,765 93,228 215,659 215,313 225,907 1,488,052 1,221,364 122% 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 1,031,861 721,389 10,662,645 12,119,404 88% Golf Courses 201 119,246 129,125 135,299 209,803 178,591 283,767 218,921 431,204 248,656 220,137 156,543 158,535 2,489,827 3,147,098 79% Community Programming 201 153,332 115,195 113,026 121,952 125,487 136,425 164,131 214,744 133,916 152,098 146,883 149,704 1,726,893 1,983,406 87% Development & Promotions 201 130,622 96,463 91,816 120,902 310,699 93,130 130,401 133,237 196,855 354,589 178,089 259,960 2,096,765 2,215,493 95% Park Projects & Capital 201 - 889,321 359,348 1,500,896 340,569 13,081 33,014 973,195 237,442 2,521 1,174,332 44,911 5,568,630 6,551,034 85% Potawatomi Zoo 201 175,285 285 285 285 175,285 285 285 285 285 285 285 285 353,422 353,422 100% Park Debt 201 - - - - - - - 4,950 - - - - 4,950 5,500 90% 201 89,367 47,320 46,373 81,912 128,991 143,620 188,782 242,570 173,102 198,164 355,722 256,410 1,952,331 2,145,537 91% Machinery & Equipment 201 115,511 125,797 75,902 120,690 145,924 90,801 105,112 186,199 101,485 90,561 176,234 110,157 1,444,372 1,921,256 75% 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 - - - - - - - 157,923 157,923 100% Morris PAC Improvement 416 277,029 1,478,278 412,474 601,678 5,343 1,467,796 2,031,967 418,092 - - - (265,991) 6,426,666 6,692,658 96% Palais Historic Preservation 450 - - - - - - - - - - - - - 10,000 0% Morris Performing Arts Center Operations 602 147,383 116,292 134,960 165,886 127,446 140,844 144,475 155,868 105,289 155,076 148,631 204,785 1,746,933 1,858,999 94% 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 3,745,073 2,019,565 38,076,556 42,781,473 89% Period Ending: December 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: December 31, 2025 Parking Garages Parking Enforcement 601 37,695 24,725 15,491 72,944 57,379 17,808 46,093 35,033 9,486 70,595 30,446 (14,714) 402,979 387,838 104% Parking General Operations 601 11,261 9,181 10,264 16,247 10,108 4,535 39,097 4,535 (23,000) 53,058 41,198 65,743 242,229 156,676 155% Main Street Garage 601 36,668 7,239 12,188 33,661 23,644 21,335 36,223 40,747 (13,177) 7,111 16,080 19,285 241,004 255,771 94% Leighton Plaza Garage 601 31,846 (4,650) (9,034) 35,672 11,039 31,982 28,714 50,925 (16,295) (12,915) 8,553 33,544 189,381 209,978 90% Wayne West Garage 601 32,178 12,157 10,123 27,413 10,961 - 40,936 131,559 (18,599) 50,573 25,553 19,238 342,090 351,804 97% 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 27,082 23,336 384,070 386,878 99% Sub Total 188,110 80,495 52,448 265,906 167,508 111,434 245,943 254,524 (74,379) 214,419 148,913 146,432 1,801,753 1,748,945 103% Century Center Century Center Operations 670 394,155 355,331 350,832 366,404 474,800 344,599 351,812 495,693 302,581 334,538 348,183 317,901 4,436,829 4,534,659 98% Century Center Capital 671 37,868 - - - - 12,759 - - - - - 28,384 79,011 80,596 98% Century Center Energy Saving 672 - - - 194,163 - - - - - 194,591 - - 388,754 388,754 100% Sub Total 432,022 355,331 350,832 560,567 474,800 357,358 351,812 495,693 302,581 529,128 348,183 346,285 4,904,593 5,004,009 98% Total Venues, Parks & Arts 3,129,388 4,399,675 2,602,950 4,659,277 3,090,275 3,936,988 5,144,756 4,934,717 2,668,622 3,461,803 4,242,169 2,512,282 44,782,902 49,534,426 90% 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 14,501 29,729 1,104,275 1,208,796 91% Public Safety Local Income Tax - Police 249 715,424 476,949 476,949 476,949 476,949 476,949 476,949 715,424 476,949 476,949 476,949 476,949 6,200,339 6,200,339 100% 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 774,750 650,454 558,827 504,745 606,062 516,212 508,004 763,964 909,952 545,560 491,450 506,678 7,336,658 7,531,135 97% Fire Department Public Safety Local Income Tax - Fire 249 885,957 590,638 590,638 590,638 590,638 590,638 590,638 885,957 590,638 590,638 590,638 590,638 7,678,294 7,678,294 100% Fire Department Capital 287 1,945,393 583,940 - 378,402 385,691 109,339 476,842 792,024 - 25,096 477,695 19,561 5,193,984 6,495,432 80% 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 3,636 3,821 54,922 54,086 102% 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 1,071,969 614,020 12,927,199 14,237,812 91% 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 1,563,419 1,120,698 20,263,857 21,768,947 93% 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 1,059,083 1,730,807 15,829,976 18,151,433 87% Local Road & Street 251 2,815 18,987 3,145 10,111 - - 313,809 111,790 159,028 330,875 690,123 450,420 2,091,103 2,635,754 79% LOIT 2016 Special Distribution 257 33,831 704 - - - - - - - - - - 34,535 34,535 100% Local Road & Bridge Grant 265 17,569 73,164 1,918 - - 166,520 384,279 35,880 303,756 1,247,336 352,902 12,200 2,595,524 3,207,524 81% MVH Restricted Fund 266 100,372 38,716 71,194 133,689 83,011 722,085 438,773 390,458 595,405 328,787 145,741 72,970 3,121,201 3,176,854 98% Major Moves 412 12,339 150 27,635 31,987 34,603 48,585 210 177,592 7,275 17,822 - 124,702 482,899 482,934 100% Project ReLeaf 655 39,454 28,795 28,313 28,405 28,251 28,419 28,203 28,037 28,401 31,256 39,606 45,415 382,556 472,186 81% 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 2,287,455 2,436,514 24,537,793 28,161,221 87% Solid Waste Solid Waste Operations 610 702,500 489,773 683,282 752,018 532,446 525,470 541,125 595,607 536,437 519,944 389,082 1,875,247 8,142,930 8,843,048 92% Solid Waste Capital 611 630,273 330,371 - - - 15,846 265,159 420,159 - - - 1,608,432 3,270,240 3,302,870 99% Sub Total 1,332,773 820,144 683,282 752,018 532,446 541,316 806,284 1,015,766 536,437 519,944 389,082 3,483,679 11,413,171 12,145,917 94% 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 1,320,216 1,322,555 18,588,990 24,166,935 77% Water Works Capital 622 136,276 26,276 77,782 137,488 46,412 120,790 1,575,427 73,011 4,252,916 252,963 277,017 1,034,154 8,010,510 3,078,196 260% Water Works Sinking (Debt Service) 625 348,749 2,677 2,677 - 2,677 - 167,924 600 (2,429) - (10,708) 29,691 541,858 2,840,803 19% 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 1,586,525 2,386,399 27,141,358 30,085,934 90% 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: December 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 83,051 64,465 1,083,680 1,359,983 80% Sewer Division 641 699,305 664,911 530,743 565,358 482,734 910,744 591,821 624,957 514,536 545,319 423,002 714,430 7,267,858 8,418,386 86% Concrete Crew 641 56,638 43,948 41,518 39,715 42,982 53,196 40,974 47,535 47,966 40,058 44,913 62,006 561,450 643,406 87% 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 3,006,247 6,974,192 28,659,721 42,091,588 68% Organic Resources 641 89,613 75,345 98,491 97,629 108,768 278,663 127,357 146,390 118,523 83,462 224,806 99,426 1,548,473 1,988,359 78% 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 1,308,393 331,944 734,630 9,479,993 11,788,612 80% Sewage Works Sinking (Debt Service) 649 - - - - 180,680 434,915 - 1,300 - - 1,902,175 5,559,074 8,078,144 10,584,228 76% 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 6,016,139 14,208,223 56,679,320 76,874,562 74% 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 42,336 220,486 699,900 891,400 79% Sub Total 20,884 2,287 11,796 26,974 43,785 302,905 1,390 2,727 17,478 6,853 42,336 220,486 699,900 891,400 79% 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 10,321,537 22,735,301 120,471,540 148,159,035 81% Department of Community Investment Studebaker/Oliver Revitalizing Grant 209 - 570 - - 994 11,977 19 1,800 14,238 42,436 21,273 8,642 101,948 103,312 99% Economic Development State Grants 210 - - - - - - - - - - - - - - NA DCI Operating 211 466,966 357,271 328,846 362,375 394,342 323,726 368,587 522,275 361,343 300,884 372,407 373,798 4,532,819 5,084,022 89% DCI Grants 212 201,133 138,995 452,979 166,822 177,392 224,209 587,426 476,629 298,853 585,608 533,242 428,134 4,271,423 4,473,289 95% Unsafe Building 219 - 3,311 3,259 5,203 2,000 1,718 987 2,757 - 2,601 1,705 671 24,212 24,212 100% Rental Units Regulation 221 6,526 4,580 4,580 4,580 7,487 4,586 4,392 (33,823) - - 3,657 - 6,565 60,565 11% Neighborhood Services & Enforcement 230 471,329 482,772 451,431 322,170 313,829 337,631 360,860 521,501 319,191 219,906 648,025 302,667 4,751,312 6,055,036 78% Animal Resource Center 230 129,241 87,551 85,858 101,285 88,711 86,867 99,489 102,473 78,859 90,473 83,879 92,047 1,126,734 1,418,783 79% 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 40,466 123,552 1,254,322 3,894,483 4,322,213 90% Industrial Revolving Fund 754 16,928 5,223 8,705 7,972 6,124 5,453 6,505 10,050 9,730 4,037 68,834 2,334 151,896 217,368 70% 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 1,856,575 2,462,615 18,861,393 21,758,800 87% 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 - - - - (1,000,898) 45,564 45,564 100% Cumulative Capital Development 406 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 41,667 500,000 891,096 56% Cumulative Capital Improvement 407 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 6,250 75,000 75,000 100% 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 1,444,649 3,466,318 25,647,605 32,209,256 80% 2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital 453 - - - - - - - - - - - - - - NA 2021 Infrastructure Bond Capital 455 - - - - - 103,981 295,519 - - - - - 399,500 399,500 100% 2017 Park Bond Capital 471 - - - - - - 14,004 - - - - - 14,004 29,374 48% Equipment / Vehicle Leasing 750 - - - - - - - - - - - - - - NA Redevelopment Authority Debt Service 752 2,007,000 2,154,478 - - 384,563 - 1,760,500 7,252,650 - - 3,000 (697,000) 12,865,191 9,799,691 131% South Bend Building Corporation 755 - 859,909 - - - - - 568,696 - - 1,350 - 1,429,955 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 1,496,915 1,816,336 46,551,340 50,454,957 92% Internal Service Funds Central Services Equipment Services 222 804,902 852,537 823,471 868,457 692,610 843,056 772,064 850,404 817,695 800,444 596,790 727,272 9,449,702 11,360,592 83% Radio Shop 222 16,952 12,926 34,301 19,483 20,423 19,185 19,197 26,614 19,917 39,978 47,645 46,961 323,583 340,561 95% Building Maintenance 222 31,672 24,031 4,612 27,497 20,172 21,188 21,298 22,181 19,087 18,460 23,384 33,125 266,708 360,221 74% Facilities Management 222 15,951 12,522 12,522 12,522 12,522 12,522 12,522 16,059 12,522 9,072 9,072 9,482 147,291 244,039 60% Central Services Capital 222 - - - 13,018 - - - 11,397 - 47,200 86,208 - 157,823 169,700 93% Subtotal 869,477 902,016 874,906 940,977 745,728 895,952 825,082 926,654 869,222 915,154 763,098 816,840 10,345,106 12,475,113 83% 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: December 31, 2025 Liability Insurance Business Insurance 226 129,231 18,751 - 4,525 18,749 12,560 1,056,064 18,749 - 2,185 16,490 - 1,277,303 1,283,521 100% Liability Insurance 226 39,575 24,332 32,338 35,969 44,655 37,711 54,079 12,371 77,650 124,893 190,236 43,658 717,467 1,098,051 65% Workers Compensation 226 262,284 37,557 63,898 87,521 171,603 84,669 14,508 105,872 27,081 168,077 140,098 138,965 1,302,132 1,446,924 90% Catastrophic Events 226 - - - - - - - - - - - - - 2,733 0% Subtotal 431,090 80,640 96,235 128,014 235,007 134,940 1,124,651 136,993 104,731 295,155 346,824 182,623 3,296,903 3,831,230 86% 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 2,056,439 734,827 985,658 948,937 1,194,940 14,804,923 15,664,872 95% 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 1,996,460 1,895,876 22,234,768 20,887,618 106% Unemployment Compensation 713 9,211 8,111 5,898 6,341 6,916 9,991 12,970 9,168 8,635 4,272 6,125 5,301 92,939 100,320 93% Parental Leave 714 - - - - - - - - - 111,641 5,691 459 117,790 150,000 79% 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 4,067,134 4,096,038 50,892,429 53,109,152 96% 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 26,571 8,342 823,486 878,447 94% Loss Recovery 227 - - - - - - - - - - - - - 210,000 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 19,074 26,889 301,739 462,889 65% American Rescue Plan 263 9,000 5,220 2,742 1,500 - - - 4,812 - - - - 23,274 23,274 100% COVID-19 Response 264 - - - - 4,166 - - - - - - - 4,166 4,166 100% Sub Total 483,689 97,465 40,321 45,379 124,385 18,957 45,753 146,270 29,756 39,814 45,645 35,231 1,152,665 1,578,776 73% Fiduciary Funds Fire Pension 701 323,740 366,638 345,715 324,575 345,466 329,974 331,834 334,173 332,894 545,329 334,908 336,379 4,251,624 4,522,797 94% Police Pension 702 526,749 516,105 513,342 510,578 522,423 505,852 522,667 507,230 690,272 299,175 491,832 486,110 6,092,336 6,157,949 99% Sub Total 850,489 882,743 859,057 835,153 867,888 835,826 854,501 841,403 1,023,167 844,504 826,740 822,489 10,343,960 10,680,746 97% Total Other 1,334,178 980,209 899,378 880,532 992,274 854,783 900,253 987,673 1,052,922 884,318 872,385 857,720 11,496,625 12,259,522 94% Total Civil City 41,073,148 34,039,205 28,880,553 30,138,341 27,881,948 29,271,245 46,214,736 48,220,204 34,246,576 31,024,593 32,814,975 48,117,710 431,923,233 483,426,991 89% 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 1,451,168 1,624,139 21,870,523 19,270,277 113% TIF West Washington 422 - 150 150 17,186 - 55,010 2,740 - 26,689 - 72,455 - 174,380 174,380 100% 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 1,288,705 469,753 7,622,273 6,909,390 110% TIF Southside Development #1 430 246,854 - 697,371 505,106 - - 363,467 488,933 55,625 26,980 304,900 321,762 3,010,998 2,998,603 100% TIF Douglas Road 435 - - - - - - 348,434 - - - - - 348,434 348,434 100% TIF River East Residential Area 436 2,228,268 112,669 52,266 685 - 4,624 979,750 1,554,392 - - 12,668 - 4,945,322 4,946,929 100% 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 3,129,896 2,415,654 37,971,930 34,648,012 110% 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 45,505 46,435 2,060,202 2,067,903 100% 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 49,354 35,269 2,435,737 2,425,737 100% 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 - 2,069,048 24,185,074 24,195,174 100% Airport Urban Enterprise Zone 456 580,687 22,895 115,929 4,990 577,875 469,834 6,192 1,173,031 196,686 1,097,316 407,002 716,151 5,368,586 5,378,236 100% 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) 5,676,597 501,861 2,866,902 34,126,274 34,143,726 100% 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 3,631,757 5,282,556 73,128,329 69,821,863 105% Total Expenditures 50,457,482 38,684,627 31,627,866 36,955,180 30,622,885 37,666,465 55,769,778 81,650,479 11,444,081 40,325,720 36,446,732 53,400,266 505,051,562 553,248,854 91% 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 7,194,521 236 2024 Vehicle/Equip Lease 2024 N/A 2029 201 Annual 420,757 358,898 - 64,952 17,945 82,896 293,947 237 2024 Dell Computer Equipment Lease 13 2024 N/A 2027 279 Annual 269,717 202,288 - 54,866 12,563 67,429 147,422 242 2025 Vehicle/Equip Lease 2025 N/A 2030 Various Biannual 7,424,128 - 7,424,128 734,676 75,818 810,494 6,689,452 243 2025 Dell Computer Equipment Lease 14 2025 N/A 2028 279 Annual 289,301 - 289,301 72,325 - 72,325 216,976 Total Civil City Capital Lease Debt 45,757,329 22,060,120 7,713,429 8,259,257 785,582 9,044,839 21,514,292 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 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 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 289,185,630 195,329,111 7,713,429 20,529,972 6,866,279 27,396,250 182,512,568 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 161,770,000 120,980,000 2,570,000 6,075,000 5,411,950 11,486,950 117,475,000 Total Redevelopment Commission Debt 164,280,278 121,172,742 2,570,000 6,267,742 5,419,208 11,686,950 117,475,000 Total Debt 453,465,908 316,501,853 10,283,429 26,797,714 12,285,486 39,083,200 299,987,568 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 7 7 Community Initiatives - - - - - - - - - - - - - Community Police Review Board 1 1 1 1 1 1 1 1 1 1 1 1 1 City Clerk 4 1 1 2 4 4 4 4 4 4 4 4 4 Common Council 11 - - - 9 9 9 9 9 9 9 9 10 Controller's Office 24 21 21 21 23 23 21 23 21 22 23 23 23 Human Resources 7 6 6 6 6 6 6 6 7 7 7 7 7 Diversity & Inclusion 3 2 2 2 2 2 2 2 2 2 2 2 2 Human Rights 6 4 4 4 6 6 6 6 6 6 6 5 5 Legal Department 13 11 13 13 11 11 12 12 12 12 13 14 14 Engineering 29 23 23 25 25 25 25 25 25 27 26 26 25 Police Department 299 286 285 287 294 294 285 290 288 291 295 295 297 Police Crime Lab 7 6 6 6 7 7 8 7 7 8 8 8 8 Fire Department 256 242 242 243 247 247 249 246 245 248 246 245 246 EMS 4 4 4 4 3 3 3 3 3 3 4 4 4 672 615 616 622 646 646 639 642 638 648 651 650 653 201 - Parks & Recreation Community Inititatives 8 8 8 8 7 7 7 7 8 8 8 8 8 Administration 4 4 4 4 4 4 4 4 4 4 4 4 4 Maintenance 44 39 40 40 41 41 40 41 40 40 40 42 41 Golf Courses 9 8 8 8 9 9 9 9 9 9 9 8 8 Recreational Experiences 7 8 8 8 8 8 8 8 8 8 9 9 8 Community Programming 16 13 13 14 14 14 14 14 14 14 13 12 10 Development & Promotions 10 10 10 10 9 9 9 9 9 9 8 8 6 Visitor Experience 13 12 12 14 16 16 15 16 16 18 20 21 21 111 102 103 106 108 108 106 108 108 110 111 112 106 202 - Motor Vehicle Highway Streets/Traffic & Lighting 57 55 56 56 55 55 55 55 53 55 53 56 56 Curb & Sidewalk 8 7 7 8 8 8 7 9 9 7 7 7 6 65 62 63 64 63 63 62 64 62 62 60 63 62 211 - Dept of Community Investment Operating Community Investment 26 23 23 24 26 26 26 27 26 26 26 26 25 Historic Preservation 2 2 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 2 1 30 27 27 28 30 30 30 31 30 30 30 30 28 12/31/2025 City of South Bend Staffing Headcount 12/31/2025 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 - - - - 1 222 - Central Services Equipment Services 30 29 29 29 28 28 27 28 30 29 30 29 29 Radio Shop 3 2 2 2 2 2 2 2 2 2 2 2 2 Building Maintenance 3 3 3 3 3 3 3 2 3 3 4 4 4 Facilities Management 2 1 1 1 1 1 1 1 1 1 1 1 1 38 35 35 35 34 34 33 33 36 35 37 36 36 230 - Code Enforcement Fund Neighborhood Services 37 27 28 29 32 32 31 32 32 32 33 32 32 Animal Resource Center 10 8 8 8 8 8 9 8 8 8 8 9 10 47 35 36 37 40 40 40 40 40 40 41 41 42 258 - Human Rights Federal Grants EEOC 1 1 1 1 1 1 1 1 1 1 1 1 - HUD 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 1 279 - IT / Innovation / 311 Call Center 311 Call Center 15 15 15 15 16 16 16 16 16 17 17 17 16 Innovation & Technology 32 29 29 31 30 30 30 30 31 31 31 30 30 47 44 44 46 46 46 46 46 47 48 48 47 46 600 - Consolidated Building Fund Building Department 17 15 15 15 15 15 17 15 15 14 15 16 16 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 8 8 8 8 8 8 8 8 8 8 8 8 9 610 - Solid Waste Solid Waste 25 23 24 24 24 24 25 24 24 25 25 26 25 620 - Water Works Water Works 65 60 60 60 57 57 54 57 57 57 59 58 58 640 - Sewer Insurance Sewer Repair 2 2 2 2 2 2 2 2 2 2 2 2 2 City of South Bend Staffing Headcount 12/31/2025 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 33 37 Concrete Crew 4 4 4 4 3 3 3 3 3 3 4 4 4 Wastewater 45 43 42 44 44 44 44 44 43 44 42 42 41 Organic Resources 7 4 4 4 5 5 5 5 5 5 5 6 6 91 82 81 83 83 83 85 82 82 86 84 85 88 667 - Storm Sewer Storm Sewer - - - - - - - - - - 1 1 1 670 - Century Center Century Center 7 5 5 5 5 5 5 5 5 5 5 4 3 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 1,180 1,176 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 7 7 City Clerk 4 1 1 2 4 4 4 4 4 4 4 4 4 Community Police Review Board 1 1 1 1 1 1 1 1 1 1 1 1 1 Common Council 11 - - - 9 9 9 9 9 9 9 9 10 Controller's Office 24 21 21 21 23 23 21 23 21 22 23 23 23 Human Resources 7 6 6 6 6 6 6 6 7 7 7 7 7 Diversity & Inclusion 3 2 2 2 2 2 2 2 2 2 2 2 2 Human Rights 8 6 6 6 8 8 8 8 8 8 8 7 6 Legal Department 13 11 13 13 11 11 12 12 12 12 13 14 14 Central Services 38 35 35 35 34 34 33 33 36 35 37 36 36 117 91 93 94 106 106 104 106 108 108 111 110 110 Public Works Engineering 29 23 23 25 25 25 25 25 25 27 26 26 25 Streets & Sewers 106 99 100 101 99 99 100 99 98 101 99 102 105 Solid Waste 25 23 24 24 24 24 25 24 24 25 25 26 25 Wastewater 45 43 42 44 44 44 44 44 43 44 42 42 41 Organic Resources 7 4 4 4 5 5 5 5 5 5 5 6 6 Water Works 65 60 60 60 57 57 54 57 57 57 59 58 58 277 252 253 258 254 254 253 254 252 259 256 260 260 City of South Bend Staffing Headcount 12/31/2025 Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Public Safety Police 257 244 292 293 301 301 293 297 295 299 303 303 305 Fire/EMS 253 204 246 247 250 250 252 249 248 251 250 249 250 510 448 538 540 551 551 545 546 543 550 553 552 555 Venues, Parks & Arts Parks & Recreation 111 102 103 106 108 108 106 108 108 110 111 112 106 Morris Performing Arts Center 8 8 8 8 8 8 8 8 8 8 8 8 9 Century Center 7 5 5 5 5 5 5 5 5 5 5 4 3 Visitor Experience 13 12 12 14 - 16 15 16 16 18 20 21 21 139 127 128 119 121 121 119 121 121 123 124 124 118 Department of Community Investment Community Investment 28 25 25 26 28 28 28 29 28 28 28 28 27 Office of Sustainability 2 2 2 2 2 2 2 2 2 2 2 2 1 Neighborhood Services 37 28 29 30 - 33 32 33 32 32 33 32 33 Animal Resource Center 10 8 8 8 8 8 9 8 8 8 8 9 10 Building Department 17 15 15 15 15 15 17 15 15 14 15 16 16 94 78 79 81 53 86 88 87 85 84 86 87 87 Department of Innovation & Technology 47 44 44 46 46 46 46 46 47 48 48 47 46 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 1,180 1,176 City of South Bend Staffing Headcount 12/31/2025 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 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 2 2 Police Department 23 23 23 29 29 33 32 26 26 28 28 27 Police Crime Lab - - - - - - - - - - - - Fire Department 1 1 1 1 1 1 1 1 1 1 1 1 26 26 26 33 32 38 37 35 31 32 32 30 201 - Parks & Recreation Administration - 1 1 - - - - - - - - - Commmunity Initiatives 12 13 12 25 25 24 25 24 24 19 23 24 Maintenance 19 19 22 26 26 26 25 23 23 25 24 20 Golf Courses 6 23 45 74 74 70 74 72 72 71 69 58 Recreational Experiences 8 7 8 16 16 16 16 16 17 14 12 13 Community Programming 13 12 12 16 16 16 16 15 15 12 12 11 Development & Promotions - - - - - - - - - - - - Visitor Experience 5 5 13 17 17 18 17 18 18 26 25 31 63 80 113 174 174 170 173 168 169 167 165 157 202 - Motor Vehicle Highway Streets/Traffic & Lighting 5 5 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 5 5 211 - Department of Community Investment Community Investment - - - - - - - - - - - - Historic Preservation - - - - - - - - - - - - - - - - - - - - - - - - 222 - Central Services Equipment Services - 1 1 - - 1 - 1 1 1 1 1 Radio Shop - - - - - - - - - - - - Building Maintenance 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 1 1 2 1 2 2 2 2 2 City of South Bend Staffing Headcount 12/31/2025 230 - Code Enforcement Fund Neighborhood Services - - - 3 3 - 3 3 4 3 3 2 Animal Resource Center 3 3 3 1 1 1 1 1 1 1 2 3 3 3 3 4 4 1 4 4 5 4 5 5 279 - IT / Innovation / 311 Call Center 311 Call Center - - - 1 1 1 1 1 - - 1 1 Innovation & Technology 1 1 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 20 20 610 - Solid Waste Solid Waste - - - - - - - - - - - - 620 - Water Works Water Works - - - - - - - - - - - - 641 - Sewage Works Sewers 3 3 3 4 4 4 4 4 3 4 4 4 Concrete Crew - - - - - - - - - - - - Wastewater 1 1 1 - - - - - - - - - Organic Resources - - - 1 1 1 1 1 1 1 1 1 4 4 4 5 5 5 5 5 4 5 5 5 670 - Century Center Century Center 2 2 2 2 2 2 2 2 2 2 2 2 Total Part-Time Employees by Fund 119 145 178 248 247 247 251 244 240 239 237 227 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 12 6 City Clerk - 2 2 2 2 2 2 1 2 2 2 1 Common Council - - - - - - - 1 4 4 4 4 Controller's Office - - - - - - - - - 1 1 1 Human Resources - - - - - - - - - - - - Diversity & Inclusion - - - 1 1 1 1 1 1 1 1 - Legal Department 1 - - 2 3 3 3 1 1 - - 1 Engineering - - - 6 6 6 6 - - - - - Police Department 10 1 2 1 40 40 31 4 4 3 3 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 23 16 City of South Bend Staffing Headcount 12/31/2025 201 - Parks & Recreation Administration - - - - - - - - - - - - Community Initiatives - - - - - 11 11 11 11 11 10 4 Maintenance 2 3 8 - 9 9 10 9 9 4 4 4 Golf Courses - 2 1 - 3 3 3 3 4 4 4 3 Recreational Experiences 5 33 34 - 84 82 84 83 82 40 44 43 Community Programming 1 1 1 25 29 29 29 25 18 18 13 10 Development & Promotions - - - - - - - - - - - - Visitor Experience - - 1 - 6 6 6 1 1 - - - 8 39 45 25 131 140 143 132 125 77 75 64 202 - Motor Vehicle Highway Streets/Traffic & Lighting 1 - - - 6 6 8 4 6 4 1 1 Curb & Sidewalk - - - - 2 2 2 2 1 1 - 1 1 - - - 8 8 10 6 7 5 1 2 211 - 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 4 4 - 1 3 9 9 9 9 8 6 5 4 4 610 - 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 12/31/2025 641 - Sewage Works Sewers 1 1 1 - 7 8 7 2 6 6 4 1 Concrete Crew 1 - - - - - - - - - - - Wastewater 1 - - - 1 1 1 1 - - - - Organic Resources 2 - - - - - - - - - - - 5 1 1 - 8 9 8 3 6 6 4 1 655 - Project ReLeaf Leaf Pickup - - - - - - - - - 14 14 13 Total Paid Temporary, Seasonal, and Intern Staff 50 49 57 51 227 237 232 168 171 131 121 100 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 1,180 1,176 Part Time Staff 119 145 178 248 247 247 251 244 240 239 237 227 Temporary / Seasonal 50 49 57 51 227 237 232 168 171 131 121 100 City Total 1,227 1,287 1,316 1,373 1,463 1,638 1,639 1,643 1,568 1,583 1,548 1,538 1,503 City of South Bend, Indiana Monthly Financial Report 12/31/2025 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 56,233,109 56,233,109 (2,669,147) 105% Local Income Taxes - 14,189,571 14,189,571 13,285,318 13,285,318 12,790,038 12,790,038 495,280 96% Intergov./ Shared Revenues 2,186,019 4,032,969 4,032,969 5,215,827 5,215,827 2,403,428 2,403,428 2,812,399 46% Intergov./ Grants - - - - - - - - - Licenses & Permits 319,288 219,971 219,971 273,512 273,512 278,361 278,361 (4,849) 102% Charges for Services 4,838,529 5,630,413 5,630,413 4,580,267 6,530,267 6,992,248 6,992,248 (461,981) 107% Fines, Forfeitures, and Fees 4,911 9,045 9,045 5,000 5,000 2,850 2,850 2,150 57% Interest Earnings 576,610 2,940,561 2,940,561 1,070,485 1,070,485 3,383,144 3,383,144 (2,312,660) 316% Donations 1,358,100 1,726,912 1,726,912 - - 2,088,049 2,088,049 (2,088,049) - Other Income 1,352,986 1,400,222 1,400,222 1,231,000 1,236,902 2,406,784 2,406,784 (1,169,883) 195% Interfund Allocation Reimb 10,544,420 10,597,451 10,597,451 11,676,027 11,676,027 11,676,027 11,676,027 - 100% Interfund Transfers In - 13,865,143 13,865,143 575,000 575,000 575,000 575,000 - 100% 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 99,418,059 101,373,961 107,110,700 - 107,110,700 (5,736,740) 106% Expenditures by Subdivisions Mayor 993,329 970,586 1,052,036 1,253,668 1,246,564 1,108,738 - 1,108,738 137,825 89% Community Initiatives 1,310,361 - - - - - - - - - Community Police Review Office - 58,461 100,999 131,095 128,279 126,667 - 126,667 1,612 99% City Clerk 588,712 550,428 539,960 629,328 621,230 518,225 - 518,225 103,005 83% Common Council 552,768 650,968 600,357 1,103,064 1,015,977 746,981 - 746,981 268,995 74% Youth Council - - 7,464 12,000 9,248 7,872 - 7,872 1,376 85% General City 8,855,411 11,084,877 9,205,279 23,703,879 11,467,807 11,588,246 - 11,588,246 (120,440) 101% Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,670,956 3,505,441 - 3,505,441 165,515 95% Human Resources 623,506 774,441 857,259 1,007,893 1,007,392 872,680 - 872,680 134,712 87% Diversity & Inclusion 431,572 402,397 538,121 745,807 574,143 463,493 - 463,493 110,650 81% Human Rights General 392,895 325,254 552,311 785,066 824,122 634,609 - 634,609 189,513 77% Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,190,607 1,841,420 - 1,841,420 349,187 84% Police General 9,084,025 40,788,073 40,187,026 47,124,915 46,779,269 44,806,105 - 44,806,105 1,973,163 96% Crime Lab 206,430 837,475 899,435 1,049,529 1,049,177 835,056 - 835,056 214,121 80% Police Other - - - - - - - - - - Fire General 5,925,780 29,914,764 29,724,270 31,423,348 34,550,819 33,888,933 - 33,888,933 661,886 98% EMS 1,119,302 1,396,009 902,300 835,790 1,043,191 905,409 - 905,409 137,782 87% Fire Training Center 54,797 71,739 89,391 85,450 112,500 102,854 - 102,854 9,646 91% Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 4,100,000 - 4,100,000 - 100% Park Maintenance - 1,891,368 1,723,084 1,021,813 970,356 936,245 - 936,245 34,111 96% 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 177,972 182,642 167,297 234,072 215,993 170,650 13,338 183,988 32,005 85% Engineering 2,950,633 3,408,849 3,859,565 5,236,328 4,771,495 4,084,676 - 4,084,676 686,819 86% Sustainability 67,037 - - 33,000 33,000 313 - 313 32,687 1% AmeriCorps - - - - - - - - - - Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 4,500,000 - 4,500,000 - 100% Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 1,600,000 - 1,600,000 - 100% Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 1,259,523 - 1,259,523 140,477 90% Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 126,382,152 118,603,147 13,338 118,616,485 7,765,665 94% Expenditures by Type Personnel Salaries & Wages 7,304,533 44,671,983 41,804,149 45,389,114 49,295,939 48,271,823 - 48,271,823 1,024,116 98% Fringe Benefits 2,089,310 17,058,576 18,205,663 23,021,494 21,218,230 19,440,515 - 19,440,515 1,777,714 92% Other Personnel Costs - - - - - - - - - - Total Personnel 9,393,843 61,730,559 60,009,812 68,410,608 70,514,169 67,712,338 - 67,712,338 2,801,830 96% Supplies 2,675,311 2,708,357 3,224,349 3,901,424 3,451,544 3,099,151 - 3,099,151 352,392 90% Services & Charges Professional Services 1,907,475 2,667,148 2,371,140 3,170,353 2,588,080 2,436,930 - 2,436,930 151,149 94% Printing & Advertising 342,749 205,374 184,178 347,511 250,178 189,387 - 189,387 60,791 76% Utilities 591,906 1,895,474 1,978,372 646,509 2,247,463 2,061,838 - 2,061,838 185,625 92% Repairs & Maintenance 3,151,159 3,632,029 3,895,675 3,117,559 6,919,243 4,280,880 13,338 4,294,218 2,625,025 62% Education & Training 234,178 215,268 248,381 381,934 315,124 282,484 - 282,484 32,640 90% Travel 48,457 82,894 108,540 97,585 83,988 68,034 - 68,034 15,953 81% Grants & Subsidies 482,415 9,970 16,801 357,000 74,283 18,943 - 18,943 55,340 26% Other Services & Charges 7,148,007 11,397,381 8,372,717 14,441,662 5,548,317 5,324,817 - 5,324,817 223,500 96% Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 2,113,746 - 2,113,746 859,521 71% Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 176,098 - 176,098 101,929 63% Total Services & Charges 13,906,347 20,305,229 17,868,621 25,811,407 21,277,969 16,953,158 13,338 16,966,496 4,311,473 80% Operating Expenditures 25,975,501 84,744,145 81,102,782 98,123,438 95,243,682 87,764,648 13,338 87,777,986 7,465,695 92% Capital 181,068 3,571,224 5,157,047 12,712,371 9,159,176 8,442,941 - 8,442,941 716,235 92% Bad Debt 930 1,016 1,409 - 550 550 - 550 - 100% Interfund Interfund Allocations 9,701,661 9,662,209 10,885,357 11,717,052 11,778,744 12,195,008 - 12,195,008 (416,264) 104% Interfund Transfers Out 1,731,794 11,053,062 13,100,000 10,200,206 10,200,000 10,200,000 - 10,200,000 - 100% Total Interfund 11,433,455 20,715,271 23,985,357 21,917,257 21,978,744 22,395,008 - 22,395,008 (416,264) 102% Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 126,382,152 118,603,147 13,338 118,616,485 7,765,666 94% Net Surplus / (Deficit) 35,304,932 2,139,879 924,941 (33,335,008) (25,008,191) (11,492,448) (11,505,786) 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 29,199,882 79,957,382 Cash Reserves Target 18,795,477 54,515,828 55,123,297 63,191,076 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 12/31/2025 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 1,246,564 1,108,738 - 1,108,738 137,825 89% Community Initiatives 1,310,361 - - - - - - - - - Community Police Review Office - 58,461 100,999 131,095 128,279 126,667 - 126,667 1,612 99% City Clerk 588,712 550,428 539,960 629,328 621,230 518,225 - 518,225 103,005 83% Common Council 552,768 650,968 600,357 1,103,064 1,015,977 746,981 - 746,981 268,995 74% Youth Council - - 7,464 12,000 9,248 7,872 - 7,872 1,376 85% General City 8,855,411 2,272,466 (1,569,796) 22,945,641 8,123,873 8,096,981 (3,397,412) 4,699,569 3,424,304 58% American Rescue Plan - 8,812,411 10,775,075 758,238 3,343,933 3,491,265 3,397,412 6,888,677 (3,544,744) 206% Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,670,956 3,505,441 - 3,505,441 165,515 95% Human Resources 623,506 774,441 857,259 1,007,893 1,007,392 872,680 - 872,680 134,712 87% Diversity & Inclusion 431,572 402,397 538,121 745,807 574,143 463,493 - 463,493 110,650 81% Human Rights General 392,895 325,254 552,311 785,066 824,122 634,609 - 634,609 189,513 77% Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,190,607 1,841,420 - 1,841,420 349,187 84% Police General 9,084,025 40,788,073 40,187,026 47,124,915 46,779,269 44,806,105 - 44,806,105 1,973,163 96% Crime Lab 206,430 837,475 899,435 1,049,529 1,049,177 835,056 - 835,056 214,121 80% - - - - - - - - - - Fire General 5,925,780 29,914,764 29,724,270 31,423,348 34,550,819 33,888,933 - 33,888,933 661,886 98% EMS 1,119,302 1,396,009 902,300 835,790 1,043,191 905,409 - 905,409 137,782 87% Fire Training Center 54,797 71,739 89,391 85,450 112,500 102,854 - 102,854 9,646 91% Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 4,100,000 - 4,100,000 - 100% Park Maintenance - 1,891,368 1,723,084 1,021,813 970,356 936,245 - 936,245 34,111 96% 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 177,972 182,642 167,297 234,072 215,993 170,650 13,338 183,988 32,005 85% Engineering 2,950,633 3,408,849 3,859,565 5,236,328 4,771,495 4,084,676 - 4,084,676 686,819 86% Sustainability 67,037 - - 33,000 33,000 313 - 313 32,687 1% AmeriCorps - - - - - - - - - - Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 4,500,000 - 4,500,000 - 100% Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 1,600,000 - 1,600,000 - 100% Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 1,259,523 - 1,259,523 140,477 90% - - - - - - - - - - Total Expenditures 37,590,954 109,031,656 110,246,594 132,753,067 126,382,152 118,603,147 13,338 118,616,485 7,765,665 94% NOTE: For more detail, see department and division summary pages that follow. City of South Bend, Indiana Monthly Financial Report 12/31/2025 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 605,133 565,832 616,448 702,854 702,854 670,097 - 670,097 32,757 95% Fringe Benefits 203,482 187,410 188,047 270,712 270,403 186,748 - 186,748 83,655 69% Total Personnel 808,615 753,241 804,496 973,566 973,257 856,845 - 856,845 116,412 88% Supplies 2,706 3,655 5,343 5,523 4,229 4,211 - 4,211 19 100% Services & Charges Professional Services - 6,946 2,738 7,000 6,400 6,399 - 6,399 1 100% Printing & Advertising 36,431 42,991 53,303 48,013 45,928 45,637 - 45,637 291 99% Repairs & Maintenance 33 - - 300 - - - - - - Education & Training - - - - - - - - - - Travel 474 1,706 44 5,000 1,513 1,513 - 1,513 - 100% Other Services & Charges 9,329 3,000 671 2,700 3,363 3,357 - 3,357 5 100% Total Services & Charges 46,268 54,642 56,756 63,013 57,204 56,906 - 56,906 297 99% Operating Expenditures 857,588 811,538 866,594 1,042,103 1,034,690 917,962 - 917,962 116,728 89% Interfund Allocations 135,741 159,047 185,442 211,564 211,873 190,776 - 190,776 21,097 90% Total Expenditures 993,329 970,586 1,052,036 1,253,668 1,246,564 1,108,738 - 1,108,738 137,825 89% 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 12/31/2025 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 12/31/2025 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 74,721 - 74,721 (1,037) 101% Fringe Benefits - 16,101 28,180 31,517 32,626 32,982 - 32,982 (356) 101% Total Personnel - 58,345 100,785 106,320 106,310 107,703 - 107,703 (1,393) 101% Supplies - - - 4,000 4,000 3,162 - 3,162 838 79% Services & Charges Professional Services - - - 11,000 4,365 2,656 - 2,656 1,709 61% Travel - - - 4,000 4,294 4,208 - 4,208 86 98% Repairs & Maintenance - - - - - - - - - - Machinery & Equipment - 116 214 275 285 263 - 263 22 92% Total Services & Charges - 116 214 20,775 17,968 15,802 - 15,802 2,166 88% Operating Expenditures - 58,461 131,095 128,279 126,667 - 126,667 1,611 99% Capital - - Interfund Allocations - - Total Expenditures - 58,461 100,999 131,095 128,279 126,667 - 126,667 1,611 99% 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 12/31/2025 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 283,741 274,552 266,352 284,128 291,282 266,389 - 266,389 24,893 91% Fringe Benefits 89,875 78,663 80,928 123,760 88,106 69,019 - 69,019 19,087 78% Total Personnel 373,617 353,215 347,280 407,888 379,388 335,408 - 335,408 43,980 88% Supplies 4,316 9,689 9,263 13,708 23,238 22,546 - 22,546 692 97% Services & Charges Professional Services 18,448 3,763 33,432 30,000 15,174 13,286 - 13,286 1,888 88% Printing & Advertising 20,366 39,458 25,157 33,293 51,768 48,244 - 48,244 3,524 93% Repairs & Maintenance 8,778 1,746 6,203 5,000 5,735 5,708 - 5,708 27 100% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges 8,211 16,405 16,201 22,500 28,988 23,671 - 23,671 5,317 82% Bad Debt Expense 100 (100) - - - - - - - - Total Services & Charges 55,903 61,271 80,993 90,793 101,665 90,908 - 90,908 10,756 89% Operating Expenditures 433,836 424,175 437,536 512,388 504,290 448,862 - 448,862 55,428 89% Interfund Allocations 154,876 126,253 102,425 116,940 116,940 69,363 - 69,363 47,576 59% Total Expenditures 588,712 550,428 539,960 629,328 621,230 518,225 - 518,225 103,004 83% Revenue Other Income 451 65 65 - 22 22 22 - 100% Interfund Transfers In - - - - - - - - - Charges for Svcs-Alley Vaca Charges - - - - - - - - - Total Revenue 451 65 65 - 22 22 - 22 - 100% 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 12/31/2025 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 203,103 205,665 211,052 393,126 332,609 260,100 - 260,100 72,509 78% Fringe Benefits 106,163 115,052 93,881 258,399 257,916 92,314 - 92,314 165,602 36% Total Personnel 309,265 320,717 304,934 651,525 590,525 352,414 - 352,414 238,111 60% Supplies 2,496 1,893 5,773 5,000 5,003 5,002 - 5,002 1 100% Services & Charges Professional Services 166,913 230,653 188,504 307,195 279,905 279,576 - 279,576 329 100% Printing & Advertising 9,466 15,405 18,362 26,500 41,000 34,394 - 34,394 6,606 84% Repairs & Maintenance 7,340 7,240 6,471 5,000 8,150 8,143 - 8,143 7 100% Education & Training 1,557 2,961 1,878 7,500 2,154 2,130 - 2,130 24 99% Travel - - - - - - - - - - Other Services & Charges 12,201 20,900 10,953 27,800 16,696 11,800 - 11,800 4,896 71% Total Services & Charges 197,477 277,159 226,167 373,995 347,905 336,043 - 336,043 11,862 97% Operating Expenditures 509,239 599,769 536,874 1,030,520 943,433 693,460 - 693,460 249,974 74% Interfund Allocations 43,529 51,198 63,484 72,544 72,544 53,522 - 53,522 19,022 74% Total Expenditures 552,768 650,968 600,357 1,103,064 1,015,977 746,981 - 746,981 268,996 74% 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 12/31/2025 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 1,833,733 - 1,833,733 38,143 98% Fringe Benefits 430,563 499,994 560,891 786,389 625,806 550,480 - 550,480 75,326 88% Total Personnel 1,668,839 1,949,691 2,108,143 2,712,019 2,497,682 2,384,213 - 2,384,213 113,469 95% Supplies 8,278 11,893 10,524 17,315 16,709 12,119 - 12,119 4,590 73% Services & Charges Professional Services 257,437 345,764 452,505 878,213 754,257 729,588 - 729,588 24,669 97% Printing & Advertising 2,184 2,860 714 3,000 1,287 1,042 - 1,042 245 81% Repairs & Maintenance 202 7,857 4,538 2,500 4,787 4,787 - 4,787 - 100% Education & Training 1,504 3,583 14,984 15,000 8,732 8,731 - 8,731 1 100% Travel 1,784 1,019 7,646 9,000 3,667 3,666 - 3,666 1 100% Other Services & Charges 18,030 15,313 11,599 13,940 14,599 13,412 - 13,412 1,187 92% Total Services & Charges 281,141 376,395 491,986 921,653 787,329 761,226 - 761,226 26,103 97% Operating Expenditures 1,958,259 2,337,978 2,610,652 3,650,987 3,301,721 3,157,558 - 3,157,558 144,162 96% Bad Debt - - - - - - - - - - Interfund Allocations 180,392 256,504 325,681 368,106 369,235 347,884 - 347,884 21,351 94% Total Expenditures 2,138,651 2,594,482 2,936,333 4,019,093 3,670,956 3,505,441 - 3,505,441 165,513 95% 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 12/31/2025 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 348,620 456,149 501,578 542,094 542,094 473,295 - 473,295 68,799 87% Fringe Benefits 120,229 166,913 187,389 223,763 223,913 147,967 - 147,967 75,946 66% Total Personnel 468,849 623,062 688,967 765,857 766,007 621,262 - 621,262 144,745 81% Supplies 7,263 8,124 9,045 24,490 28,990 22,184 - 22,184 6,806 77% Services & Charges Professional Services 315 2,115 3,884 1,000 6,490 6,197 - 6,197 293 95% 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 27,999 4,960 - 4,960 23,039 18% 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 6,510 3,183 - 3,183 3,327 49% Total Services & Charges 22,984 25,234 20,872 58,500 53,499 15,871 - 15,871 37,629 30% Operating Expenditures 499,096 656,421 718,884 848,847 848,496 659,317 - 659,317 189,180 78% Interfund Allocations 124,410 118,020 138,375 159,046 158,896 213,363 - 213,363 (54,467) 134% Total Expenditures 623,506 774,441 857,259 1,007,893 1,007,392 872,680 - 872,680 134,713 87% 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 12/31/2025 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 150,127 165,019 211,582 271,608 199,563 187,986 - 187,986 11,577 94% Fringe Benefits 36,526 47,264 72,325 100,834 100,834 52,484 - 52,484 48,349 52% Total Personnel 186,653 212,283 283,906 372,442 300,397 240,470 - 240,470 59,926 80% Supplies 389 1,854 2,890 2,500 2,500 1,288 - 1,288 1,212 52% Services & Charges Professional Services 156,689 50,000 100,417 110,200 83,801 83,801 - 83,801 - 100% Printing & Advertising 1,960 14,834 14,009 18,500 16,996 6,023 - 6,023 10,973 35% Repairs & Maintenance - - 1,084 - 681 680 - 680 1 100% Education & Training 595 14,297 8,439 100,000 23,680 23,680 - 23,680 - 100% 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 6,479 1,648 - 1,648 4,831 25% Machinery & Equipment - - - - - - - - - - Total Services & Charges 162,261 87,309 142,312 246,700 147,081 125,087 - 125,087 21,995 85% Operating Expenditures 349,303 301,446 429,108 621,642 449,978 366,845 - 366,845 83,133 82% Interfund Allocations 82,269 100,951 109,013 124,165 124,165 96,647 - 96,647 27,518 78% Total Expenditures 431,572 402,397 538,121 745,807 574,143 463,493 - 463,493 110,651 81% 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 12/31/2025 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 196,677 141,006 253,672 404,762 403,913 346,389 - 346,389 57,524 86% Fringe Benefits 68,742 46,554 94,573 180,601 144,348 101,977 - 101,977 42,371 71% Total Personnel 265,418 187,560 348,245 585,363 548,261 448,366 - 448,366 99,895 82% Supplies 1,980 2,497 4,506 5,500 5,500 4,679 - 4,679 821 85% Services & Charges Professional Services - 1,079 10,521 13,969 76,890 16,994 - 16,994 59,895 22% Printing & Advertising 23,554 2,740 25,679 8,000 9,339 9,316 - 9,316 23 100% Repairs & Maintenance 7,982 6,972 14,514 10,000 12,507 10,829 - 10,829 1,679 87% Education & Training 1,681 3,496 5,956 8,000 3,976 3,475 - 3,475 501 87% Travel - 12,885 2,874 7,000 976 976 - 976 - 100% Other Services & Charges 44,960 51,739 82,681 84,113 103,552 80,578 - 80,578 22,974 78% Total Services & Charges 78,178 78,910 142,225 131,082 207,240 122,168 - 122,168 85,072 59% Operating Expenditures 345,576 268,968 494,976 721,945 761,001 575,213 - 575,213 185,788 76% Interfund Allocations 47,319 56,286 57,335 63,121 63,121 59,396 - 59,396 3,725 94% Total Expenditures 392,895 325,254 552,311 785,066 824,122 634,609 - 634,609 189,513 77% 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 12/31/2025 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 1,193,391 - 1,193,391 124,691 91% Fringe Benefits 307,331 338,313 332,493 459,975 481,823 360,362 - 360,362 121,461 75% Total Personnel 1,260,209 1,380,426 1,445,892 1,718,903 1,799,905 1,553,753 - 1,553,753 246,152 86% Supplies 4,919 3,312 5,472 9,000 13,921 6,997 - 6,997 6,923 50% Services & Charges Professional Services 3,780 884 27,368 10,000 178 52 - 52 127 29% Other Professional Services - 30 - - - - - - - - Printing & Advertising 170 - 150 1,140 636 630 - 630 6 99% Repairs & Maintenance - - - 200 - - - - - - Education & Training 9,450 17,518 5,308 15,000 12,175 10,137 - 10,137 2,038 83% Travel 2,583 3,057 3,891 10,500 5,688 4,815 - 4,815 873 85% Other Services & Charges 21,798 38,271 41,904 40,614 45,355 42,940 - 42,940 2,415 95% Total Services & Charges 37,781 59,761 78,621 77,454 64,032 58,573 - 58,573 5,459 91% Operating Expenditures 1,302,909 1,443,500 1,529,985 1,805,357 1,877,857 1,619,324 - 1,619,324 258,534 86% Bad Debt - - - - - - - - - - Interfund Allocations 171,530 137,943 274,116 312,544 312,750 222,096 - 222,096 90,654 71% Total Expenditures 1,474,439 1,581,443 1,804,101 2,117,901 2,190,607 1,841,420 - 1,841,420 349,188 84% Revenue Charges for Services 93,627 96,436 96,436 101,316 101,316 102,309 102,309 (993) 101% Other Income 794 153 153 - - - - - - Interfund Allocation Reimb - - - - - - - - - Total Revenue 94,421 96,589 96,589 101,316 101,316 102,309 102,309 (993) 101% 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 12/31/2025 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 2,192,793 - 2,192,793 367,725 86% Fringe Benefits 601,900 630,051 682,563 1,006,206 988,367 664,557 - 664,557 323,810 67% Total Personnel 2,336,457 2,540,550 2,783,711 3,553,373 3,548,885 2,857,350 - 2,857,350 691,535 81% Supplies 11,798 141,529 114,563 396,085 35,151 22,135 - 22,135 13,016 63% Services & Charges Professional Services 81,144 148,601 209,055 404,500 315,666 311,186 - 311,186 4,480 99% Printing & Advertising 6,215 5,697 7,214 9,132 13,656 10,429 - 10,429 3,227 76% Repairs & Maintenance 5,623 4,649 8,303 27,854 40,713 35,095 - 35,095 5,619 86% Education & Training 33,980 23,536 18,649 22,647 13,524 10,782 - 10,782 2,742 80% Travel 7,452 9,885 17,063 15,555 18,376 18,375 - 18,375 1 100% Other Services & Charges 8,069 61,175 67,437 109,544 84,476 77,868 - 77,868 6,607 92% Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Capital Outlay - 29,380 - 1,078 - - - - - - Total Services & Charges 142,483 282,923 327,721 590,310 486,411 463,735 - 463,735 22,676 95% Operating Expenditures 2,490,737 2,965,002 3,225,996 4,539,767 4,070,446 3,343,220 - 3,343,220 727,227 82% Bad Debt - - 25 - - - - - - - Interfund Allocations 459,896 443,847 633,544 696,561 701,049 741,456 - 741,456 (40,407) 106% Interfund Transfers Out - - - - - - - - - - Total Expenditures 2,950,633 3,408,849 3,859,565 5,236,328 4,771,495 4,084,676 - 4,084,676 686,820 86% Revenue Licenses & Permits 177,070 82,125 82,125 127,257 127,257 126,050 126,050 1,207 99% Charges for Services 196,000 198,000 198,000 205,999 205,999 204,180 204,180 1,819 99% Fines 24 - - - - - - - - Other Income 12,317 19,868 19,868 8,000 8,000 12,765 12,765 (4,765) 160% Interfund Allocation Reimb 1,514,420 1,567,451 1,567,451 2,090,027 2,090,027 2,090,027 2,090,027 - 100% Total Revenue 1,899,831 1,867,444 1,867,444 2,431,283 2,431,283 2,433,022 2,433,022 (1,739) 100% 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 12/31/2025 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 - - - - 33,000 313 - 313 32,687 1% Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - 33,000 313 - 313 32,687 1% Operating Expenditures - - - - 33,000 313 - 313 32,687 1% Capital - - - - - - - - - - Interfund Allocations - - - - - - - - - - Total Expenditures - - - - 33,000 313 - 313 32,687 1% 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 12/31/2025 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 12/31/2025 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 21,131,327 21,013,837 - 21,013,837 117,490 99% Fringe Benefits - 7,944,292 8,542,024 10,546,280 9,541,030 9,270,645 - 9,270,645 270,385 97% Total Personnel 504,324 27,969,681 27,217,285 30,672,357 30,672,357 30,284,483 - 30,284,483 387,875 99% Supplies 1,390,275 1,358,732 1,370,778 1,780,565 1,488,547 1,417,324 - 1,417,324 71,223 95% Services & Charges Professional Services 360,416 1,177,704 793,181 835,627 760,377 751,326 - 751,326 9,051 99% Printing & Advertising 204,973 74,591 30,381 155,000 41,000 23,905 - 23,905 17,095 58% Utilities 197,178 215,910 215,834 210,000 240,700 229,288 - 229,288 11,412 95% Repairs & Maintenance 899,760 1,196,027 1,219,505 1,015,943 1,205,150 1,196,311 - 1,196,311 8,839 99% Education & Training - 2,076 - - - - - - - - Travel 573 7,697 - 250 250 - - - 250 0% Grants & Subsidies 21,165 9,970 16,801 357,000 74,283 18,943 - 18,943 55,340 26% Other Services & Charges 293,980 345,062 395,292 190,108 196,386 185,917 - 185,917 10,469 95% Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 2,113,746 - 2,113,746 859,521 71% Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 176,098 - 176,098 101,929 63% Total Services & Charges 1,978,044 3,228,726 3,363,811 6,015,222 5,769,441 4,695,535 - 4,695,535 1,073,906 81% Operating Expenditures 3,872,642 32,557,138 31,951,874 38,468,144 37,930,345 36,397,342 - 36,397,342 1,533,004 96% Capital 52,630 3,287,851 2,610,882 2,589,783 2,781,935 1,796,122 - 1,796,122 985,813 65% Bad Debt - - - - - - - - - - Interfund Allocations 5,158,753 4,943,084 5,624,271 6,066,989 6,066,989 6,612,642 - 6,612,642 (545,653) 109% Total Expenditures 9,084,025 40,788,073 40,187,026 47,124,915 46,779,269 44,806,105 - 44,806,105 1,973,164 96% Revenue Intergov./ Grants - - - - - - - - - Charges for Services - - - - - - - - - Other Income 386,767 505,716 505,716 469,000 469,000 679,805 679,805 (210,805) 145% 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 3,195,805 - 3,195,805 (550,805) 121% 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 12/31/2025 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 - 465,255 480,571 512,764 510,564 480,061 - 480,061 30,503 94% Fringe Benefits - 158,621 165,904 252,687 252,887 169,587 - 169,587 83,300 67% Total Personnel - 623,875 646,475 765,451 763,451 649,648 - 649,648 113,803 85% Supplies 14,951 18,860 14,842 18,233 17,881 14,093 - 14,093 3,788 79% Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 14,951 642,735 661,318 783,684 781,332 663,741 - 663,741 117,591 85% Interfund Allocations 191,479 194,740 238,117 265,845 267,845 171,315 - 171,315 96,530 64% Total Expenditures 206,430 837,475 899,435 1,049,529 1,049,177 835,056 - 835,056 214,121 80% Revenue Charges for Services 10,844 14,369 14,369 15,000 15,000 11,875 11,875 3,125 79% Total Revenue 10,844 14,369 14,369 15,000 15,000 11,875 11,875 3,125 79% 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 12/31/2025 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 19,075,737 19,012,890 - 19,012,890 62,847 100% Fringe Benefits - 6,745,156 7,084,077 8,674,595 8,117,895 7,659,382 - 7,659,382 458,513 94% Total Personnel 62,956 23,695,427 22,583,068 24,796,632 27,193,632 26,672,272 - 26,672,272 521,360 98% Supplies 900,416 831,842 1,118,932 1,144,484 1,133,598 1,000,415 - 1,000,415 133,183 88% Services & Charges Professional Services 444,791 666,736 509,964 475,649 202,577 192,682 - 192,682 9,895 95% Printing & Advertising 4,120 3,129 2,779 35,433 19,068 6,713 - 6,713 12,355 35% Utilities 277,460 259,160 268,088 292,000 302,300 302,215 - 302,215 85 100% Repairs & Maintenance 1,140,770 1,216,441 1,807,473 1,197,418 2,080,310 2,011,590 - 2,011,590 68,720 97% Education & Training 132,088 133,566 181,788 171,787 222,461 218,539 - 218,539 3,922 98% Travel 28,512 34,408 58,519 30,280 27,780 24,333 - 24,333 3,447 88% Other Services & Charges 54,361 48,795 108,660 69,305 105,734 96,555 - 96,555 9,179 91% Total Services & Charges 2,082,102 2,362,234 2,937,271 2,271,872 2,960,229 2,852,626 - 2,852,626 107,603 96% Operating Expenditures 3,045,474 26,889,503 26,639,271 28,212,987 31,287,459 30,525,313 - 30,525,313 762,146 98% Interfund Allocations 2,880,306 3,025,261 3,084,999 3,210,361 3,263,361 3,363,620 - 3,363,620 (100,260) 103% Total Expenditures 5,925,780 29,914,764 29,724,270 31,423,348 34,550,819 33,888,933 - 33,888,933 661,886 98% 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 26,051 26,051 (51) 100% Donations 100 5,000 5,000 - - 1,000 1,000 (1,000) - Other Income 24,510 18,823 18,823 1,000 1,000 22,425 22,425 (21,425) 2243% Interfund Transfers In - - - - - - - - - Total Revenue 54,434 49,130 49,130 28,000 28,000 49,494 49,494 (21,494) 177% 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 12/31/2025 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 720,000 919,564 170,045 173,789 192,989 177,293 - 177,293 15,696 92% Fringe Benefits - 79,700 85,965 101,863 81,963 74,293 - 74,293 7,670 91% Total Personnel 720,000 999,264 256,010 275,652 274,952 251,586 - 251,586 23,366 92% Supplies 295,674 277,728 502,443 441,139 624,145 519,434 - 519,434 104,711 83% Services & Charges Professional Services 43,132 26,696 39,573 51,000 37,500 31,403 - 31,403 6,097 84% Printing & Advertising - - - - - - - - - - Repairs & Maintenance 2,464 7,638 15,791 5,000 23,894 23,870 - 23,870 24 100% Education & Training 199 4,037 2,960 4,000 - - - - - - Other Services & Charges 57,003 79,024 83,600 59,000 81,450 77,892 - 77,892 3,558 96% Total Services & Charges 102,798 117,394 141,924 119,000 142,844 133,165 - 133,165 9,679 93% Operating Expenditures 1,118,472 1,394,386 900,377 835,790 1,041,941 904,185 - 904,185 137,756 87% Bad Debt 830 1,116 1,384 - 550 550 - 550 - 100% Interfund Allocations - 507 539 - 700 674 - 674 26 96% Total Expenditures 1,119,302 1,396,009 902,300 835,790 1,043,191 905,409 - 905,409 137,782 87% Revenue Charges for Services 4,395,365 5,138,527 5,138,527 4,044,580 5,994,580 6,546,661 6,546,661 (552,081) 109% Fines, Forfeitures, and Fees 12 - - - - - - - - Intergov./ Grants - - - - - - - - - Other Income 1,418 7,112 7,112 - - - - - - Interfund Transfers In - - - Total Revenue 4,396,795 5,145,639 5,145,639 4,044,580 5,994,580 6,546,661 6,546,661 (552,081) 109% 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 12/31/2025 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 41,823 38,344 - 38,344 3,479 92% Services & Charges Professional Services 1,929 6,208 - 2,000 11,400 11,375 - 11,375 25 100% Utilities 31,665 33,180 33,419 35,500 35,900 34,759 - 34,759 1,141 97% Repairs & Maintenance 4,246 - 9,905 23,127 23,377 18,376 - 18,376 5,001 79% Total Services & Charges 37,840 39,388 43,325 60,627 70,677 64,510 - 64,510 6,167 91% Operating Expenditures 54,797 71,739 89,391 85,450 112,500 102,854 - 102,854 9,646 91% Total Expenditures 54,797 71,739 89,391 85,450 112,500 102,854 - 102,854 9,646 91% 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 12/31/2025 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 12/31/2025 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 4,971 - 4,971 1,089 82% Services & Charges Professional Services - - - - Printing & Advertising - - - - - - - - - - Utilities 85,604 73,117 68,965 109,009 108,863 81,543 - 81,543 27,320 75% Repairs & Maintenance 36,062 49,881 42,746 61,072 50,787 34,004 13,338 47,342 3,446 93% Other Professional Services - - - - 100 97 - 97 3 97% Other Services & Charges 15,839 19,446 17,125 22,150 14,402 11,254 - 11,254 3,148 78% Total Services & Charges 137,506 142,444 128,836 192,231 174,152 126,898 13,338 140,236 33,917 81% Operating Expenditures 141,963 146,843 132,705 198,291 180,212 131,869 13,338 145,207 35,006 81% Interfund Interfund Allocations 36,009 35,799 34,593 35,781 35,781 38,781 - 38,781 (3,000) 108% Interfund Total 36,009 35,799 34,593 35,781 35,781 38,781 - 38,781 (3,000) 108% Total Expenditures 177,972 182,642 167,297 234,072 215,993 170,650 13,338 183,988 32,006 85% Revenue Charges for Services 133,138 128,149 128,149 159,972 159,972 122,776 122,776 37,196 77% Other Income 4,299 634 634 - - - - - - Total Revenue 137,437 128,783 128,783 159,972 159,972 122,776 122,776 37,196 77% 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 12/31/2025 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 3,287,484 3,287,484 (120,009) 104% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,900 2,900 (1,400) 193% Charges for Services 112,415 89,847 89,847 160,500 160,500 106,992 106,992 53,508 67% Interest Earnings 52,037 90,854 90,854 49,242 49,242 78,024 78,024 (28,782) 158% 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 81,500 249,250 249,250 (167,750) 306% Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 183,111 183,111 (15,793) 109% Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 6,400,000 6,400,000 5,000,000 56% Total Revenue 9,901,038 11,049,955 11,049,955 18,129,405 18,129,405 13,042,761 13,042,761 5,086,643 72% Expenditures by Activity Streets / Traffic & Lighting 7,313,705 8,783,703 12,787,978 16,707,937 15,744,983 13,739,897 - 13,739,897 2,005,086 87% Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 2,406,451 2,090,079 - 2,090,079 316,372 87% Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 18,151,433 15,829,976 - 15,829,976 2,321,458 87% Expenditures by Type Personnel Salaries & Wages 2,924,195 3,186,475 3,425,081 4,513,428 4,553,657 3,709,645 - 3,709,645 844,012 81% Fringe Benefits 1,203,828 1,297,636 1,366,803 2,046,736 1,947,881 1,251,512 - 1,251,512 696,369 64% Total Personnel 4,128,023 4,484,111 4,791,884 6,560,163 6,501,538 4,961,157 - 4,961,157 1,540,381 76% Supplies 854,478 1,146,446 1,247,843 1,981,201 1,789,722 1,558,268 - 1,558,268 231,454 87% Services & Charges Professional Services 636,199 866,929 1,100,018 2,707,363 1,184,059 1,177,290 - 1,177,290 6,768 99% Printing & Advertising 2,422 1,810 1,074 2,950 3,250 3,008 - 3,008 242 93% Utilities 44,781 47,159 39,999 66,836 67,836 50,993 - 50,993 16,843 75% Repairs & Maintenance 701,876 346,497 1,314,234 1,091,272 1,327,425 1,299,801 - 1,299,801 27,624 98% Education & Training 8,291 11,555 10,089 30,000 3,515 2,685 - 2,685 830 76% Travel 5,135 803 11,328 25,000 2,000 - - - 2,000 0% Other Services & Charges 27,988 138,852 178,514 158,070 155,559 88,738 - 88,738 66,821 57% 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 45,139 110,667 407,383 382,383 194,108 - 194,108 188,274 51% Total Services & Charges 2,352,660 2,571,857 4,235,294 6,398,186 5,035,339 4,717,001 - 4,717,001 318,337 94% Operating Expenditures 7,335,161 8,202,414 10,275,022 14,939,550 13,326,600 11,236,427 - 11,236,427 2,090,172 84% Capital 155,986 1,067,160 3,085,813 3,948,013 3,067,798 2,900,184 - 2,900,184 167,614 95% Bad Debt - - - - - - - - - - Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,757,035 1,693,365 - 1,693,365 63,670 96% Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 18,151,433 15,829,976 - 15,829,976 2,321,456 87% Net Surplus / (Deficit) 1,080,308 372,283 (3,914,936) (2,503,251) (22,029) (2,787,214) (2,787,214) 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 - 4,750,387 1,630,401 Cash Reserves Target 2,205,182 2,669,418 3,741,223 4,537,858 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 12/31/2025 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 3,287,484 3,287,484 (120,009) 104% Interest Earnings 23,921 39,874 39,874 10,650 10,650 61,818 61,818 (51,167) 580% Interfund Transfers In - - - - - - - - - Debt Proceeds 888,007 - - - - - - - - Total Revenue 4,046,471 3,314,097 3,314,097 3,178,126 3,178,126 3,349,302 3,349,302 (171,176) 105% Expenditures by Type Personnel Salaries & Wages 255,141 399,253 350,371 521,781 493,831 471,640 - 471,640 22,191 96% Fringe Benefits 124,031 183,370 156,235 157,870 225,820 224,106 - 224,106 1,714 99% Total Personnel 379,172 582,623 506,606 679,651 719,651 695,746 - 695,746 23,905 97% Supplies 2,107,582 1,386,353 1,374,806 2,120,878 1,823,204 1,798,472 - 1,798,472 24,732 99% Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance 1,376,423 1,592,715 886,957 682,865 446,470 439,454 - 439,454 7,016 98% 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 1,074,487 870,395 633,999 626,983 - 626,983 7,016 99% Capital 184,116 662,791 - - - - - - - - Total Expenditures 4,141,058 4,412,010 2,955,898 3,670,924 3,176,854 3,121,201 - 3,121,201 55,653 98% Net Surplus / (Deficit) (94,586) (1,097,914) 358,199 (492,798) 1,271 228,100 228,100 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 2,043,604 1,362,573 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 12/31/2025 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 6,574,968 6,574,968 (240,017) 104% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,900 2,900 (1,400) 193% Charges for Services 112,415 89,847 89,847 160,500 160,500 106,992 106,992 53,508 67% Interest Earnings 75,958 130,728 130,728 59,892 59,892 139,842 139,842 (79,949) 233% 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 81,500 249,250 249,250 (167,750) 306% Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 183,111 183,111 (15,793) 109% Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 6,400,000 6,400,000 5,000,000 56% Total Revenue 13,947,509 14,364,052 14,364,052 21,307,530 21,307,530 16,392,063 16,392,063 4,915,468 77% Expenditures by Fund Motor Vehicle Highway (#202) 8,820,729 10,677,672 14,964,891 20,632,656 18,151,433 15,829,976 - 15,829,976 2,321,458 87% MVH Restricted (#266) 4,141,058 4,412,010 2,955,898 3,670,924 3,176,854 3,121,201 - 3,121,201 55,653 98% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 21,328,288 18,951,177 - 18,951,177 2,377,111 89% Expenditures by Activity Streets / Traffic & Lighting 11,454,763 13,195,713 15,743,876 20,378,861 18,921,837 16,861,098 - 16,861,098 2,060,739 89% Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 2,406,451 2,090,079 - 2,090,079 316,372 87% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 21,328,288 18,951,177 - 18,951,177 2,377,111 89% Expenditures by Type Personnel Salaries & Wages 3,179,336 3,585,728 3,775,452 5,035,209 5,047,488 4,181,285 - 4,181,285 866,203 83% Fringe Benefits 1,327,859 1,481,006 1,523,038 2,204,606 2,173,701 1,475,619 - 1,475,619 698,083 68% Total Personnel 4,507,195 5,066,734 5,298,490 7,239,814 7,221,189 5,656,904 - 5,656,904 1,564,286 78% Supplies 2,962,061 2,532,798 2,622,649 4,102,079 3,612,926 3,356,740 - 3,356,740 256,186 93% Services & Charges Professional Services 636,199 866,929 1,100,018 2,707,363 1,184,059 1,177,290 - 1,177,290 6,768 99% Printing & Advertising 2,422 1,810 1,074 2,950 3,250 3,008 - 3,008 242 93% Utilities 44,781 47,159 39,999 66,836 67,836 50,993 - 50,993 16,843 75% Repairs & Maintenance 2,078,298 1,939,212 2,201,191 1,774,137 1,773,895 1,739,255 - 1,739,255 34,640 98% Education & Training 8,291 11,555 10,089 30,000 3,515 2,685 - 2,685 830 76% Travel 5,135 803 11,328 25,000 2,000 - - - 2,000 0% Other Services & Charges 27,988 138,852 178,514 158,070 155,559 88,738 - 88,738 66,821 57% 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 62,855 124,370 416,979 391,979 203,705 - 203,705 188,274 52% Total Services & Charges 3,822,847 4,352,101 5,309,781 7,268,581 5,669,339 5,343,984 - 5,343,984 325,353 94% Operating Expenditures 11,292,103 11,951,633 13,230,920 18,610,474 16,503,454 14,357,628 - 14,357,628 2,145,825 87% Capital 340,102 1,729,951 3,085,813 3,948,013 3,067,798 2,900,184 - 2,900,184 167,614 95% Bad Debt - - - - - - - - - - Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,757,035 1,693,365 - 1,693,365 63,670 96% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 21,328,288 18,951,177 - 18,951,177 2,377,109 89% Net Surplus / (Deficit) - (725,631) (3,556,737) (2,996,050) (20,757) (2,559,114) (2,559,114) 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 6,793,990 2,992,974 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 12/31/2025 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 2,131,630 2,131,630 (187,443) 110% Intergov./ Grants 145,348 205,355 205,355 55,000 55,000 86,283 86,283 (31,283) 157% Interest Earnings 34,259 74,193 74,193 43,834 43,834 50,422 50,422 (6,587) 115% Other Income 10,510 - - - - (5,255) (5,255) 5,255 - Interfund Transfers In - - - - - 1,500,000 1,500,000 (1,500,000) - Total Revenue 2,193,593 2,320,509 2,320,509 2,043,021 2,043,021 3,763,080 3,763,080 (1,720,058) 184% Expenditures by Type Supplies 57,542 347,256 380,000 20,000 20,000 20,000 - 20,000 - 100% Services & Charges Professional Services 690,622 524,598 743,100 1,308,864 352,138 350,487 - 350,487 1,651 100% Repairs & Maintenance 125,774 1,717,103 1,757,220 900,060 418,546 418,546 - 418,546 - 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 816,396 2,241,701 2,500,319 2,208,924 770,684 769,033 - 769,033 1,651 100% Capital 303,138 783,787 389,372 575,712 345,070 345,070 - 345,070 - 100% Interfund Transfers Out 1,000,000 - - 1,500,000 1,500,000 957,000 - 957,000 543,000 64% Total Expenditures 2,177,076 3,372,745 3,269,691 4,304,636 2,635,754 2,091,103 - 2,091,103 544,651 79% Net Surplus / (Deficit) 16,517 (1,052,235) (949,182) (2,261,615) (592,732) 1,671,977 1,671,977 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 1,756,644 2,163,184 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 12/31/2025 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 - - 1,555 1,555 (1,555) - Other Income - - - - - - - - - Total Revenue 3,417 3,388 3,388 - - 1,555 1,555 (1,555) - 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 33,831 33,831 - 33,831 - 100% Total Expenditures - 189,096 - 53,339 34,535 34,535 - 34,535 - 100% Net Surplus / (Deficit) 3,417 (185,709) 3,388 (53,339) (34,535) (32,980) (32,980) Beginning Cash Balance 245,630 266,588 245,630 245,630 Cash Adjustments 17,541 164,751 (775) - Ending Cash Balance 266,588 245,630 248,243 211,095 32,754 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 12/31/2025 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 23,954 23,954 (19,847) 583% Other Income - - - - - - - - - Interfund Transfers In 1,000,000 - - 1,500,000 1,500,000 957,000 957,000 543,000 64% Total Revenue 2,373,784 1,050,707 1,050,707 3,004,106 3,004,106 2,257,204 2,257,204 746,903 75% Expenditures by Type Services & Charges Repairs & Maintenance 594,751 3,105,996 1,229,350 3,993,345 3,207,524 2,595,524 - 2,595,524 612,001 81% Other Services & Charges - - - - - - - - - - Total Services & Charges 594,751 3,105,996 1,229,350 3,993,345 3,207,524 2,595,524 - 2,595,524 612,001 81% Capital - - - - - - - - - - Total Expenditures 594,751 3,105,996 1,229,350 3,993,345 3,207,524 2,595,524 - 2,595,524 612,001 81% Net Surplus / (Deficit) 1,779,033 (2,055,289) (178,642) (989,239) (203,418) (338,320) (338,320) 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 2,477,054 501,457 85 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 12/31/2025 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 36,268 36,268 (32,806) 1047% Other Income 493,328 493,328 493,328 120,892 120,892 120,892 120,892 - 100% Interfund Transfers In - - - - - - - - - Total Revenue 552,844 785,039 785,039 124,355 124,355 157,160 157,160 (32,806) 126% Expenditures by Type Supplies - 628,041 350,000 - - - - - - - Services & Charges Professional Services 217,156 97,521 217,979 178,882 90,529 90,493 - 90,493 35 100% Repairs & Maintenance 450,000 - - - - - - - - - Total Services & Charges 667,156 97,521 217,979 178,882 90,529 90,493 - 90,493 35 100% Capital 196,985 33,493 316,921 583,942 392,405 392,405 - 392,405 - 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 864,141 759,056 884,900 762,824 482,934 482,899 - 482,899 35 100% Net Surplus / (Deficit) (311,297) 25,983 (99,862) (638,470) (358,579) (325,738) (325,738) 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 1,530,614 599,887 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 12/31/2025 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 - - 22,327 22,327 (22,327) - Interfund Transfers In - - - - - - - - - Total Revenue 37,031 48,402 48,402 - - 22,327 22,327 (22,327) - Expenditures by Type Capital 1,761,110 1,236,390 276,767 446,483 399,500 399,500 - 399,500 - 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,761,110 1,236,390 276,767 446,483 399,500 399,500 - 399,500 - 100% Net Surplus / (Deficit) (1,724,079) (1,187,989) (228,365) (446,483) (399,500) (377,173) (377,173) 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 3,436,982 296,419 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 12/31/2025 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 8,596,934 8,596,934 (340,395) 104% Intergov./ Grants 7,410 8,636 8,636 - - - - - - Interest Earnings 3,406 8,323 8,323 10,970 10,970 80,140 80,140 (69,169) 731% 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 8,679,212 8,679,212 (366,703) 104% Expenditures by Type Personnel Salaries & Wages 1,223,746 1,265,563 1,320,819 1,482,946 1,478,710 1,393,382 - 1,393,382 85,328 94% Fringe Benefits 478,575 526,275 542,699 747,879 747,879 532,933 - 532,933 214,946 71% Total Personnel 1,702,321 1,791,838 1,863,518 2,230,825 2,226,589 1,926,315 - 1,926,315 300,274 87% Supplies 434,548 306,830 282,404 567,435 459,702 383,971 - 383,971 75,731 84% Services & Charges Printing & Advertising 13,059 12,003 - 18,241 5,870 1,789 - 1,789 4,081 30% Repairs & Maintenance 1,844,161 1,893,174 1,536,291 1,239,169 1,593,507 1,537,454 - 1,537,454 56,052 96% Education & Training 180 4,068 132 20,400 8,865 1,350 - 1,350 7,515 15% Travel - - - 15,300 7,553 3,850 - 3,850 3,704 51% Other Services & Charges 1,085,570 1,127,500 1,377,466 1,394,368 1,469,267 1,431,248 - 1,431,248 38,019 97% Debt Service Principal - - - - - - - - - - Total Services & Charges 2,942,970 3,036,744 2,913,890 2,687,477 3,085,062 2,975,691 - 2,975,691 109,371 96% Operating Expenditures 5,079,840 5,135,412 5,059,811 5,485,737 5,771,353 5,285,976 - 5,285,976 485,376 92% Bad Debt 670,719 219,772 206,880 259,035 150,000 161,249 - 161,249 (11,249) 107% Interfund Interfund Allocations 1,187,501 1,361,480 1,479,707 1,579,144 1,583,380 1,529,705 - 1,529,705 53,675 97% Interfund Transfers Out 981,664 899,690 933,000 1,338,315 1,338,315 1,166,000 - 1,166,000 172,315 87% Total Interfund 2,169,165 2,261,170 2,412,707 2,917,459 2,921,695 2,695,705 - 2,695,705 225,990 92% Total Expenditures 7,919,724 7,616,354 7,679,398 8,662,231 8,843,048 8,142,930 - 8,142,930 700,117 92% Beginning Cash Balance 906,471 87,032 906,471 906,471 Cash Adjustments (147,073) 251,063 (1,116,969) - Ending Cash Balance 87,032 906,471 294,832 375,931 1,765,924 Cash Reserves Target 791,972 761,635 767,940 884,305 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 12/31/2025 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 - - 61,319 61,319 (61,319) - 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 1,166,000 1,166,000 172,315 87% Total Revenue 2,542,907 2,129,987 2,129,987 1,338,315 1,338,315 1,227,319 1,227,319 110,996 92% 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 1,958,176 1,957,653 - 1,957,653 523 100% Total Expenditures 1,739,934 977,143 3,866,961 3,310,370 3,302,870 3,270,240 - 3,270,240 32,629 99% Net Surplus / (Deficit) 802,972 1,152,844 (1,736,974) (1,972,055) (1,964,555) (2,042,921) (2,042,921) 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 (1,185,392) 262 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 12/31/2025 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 20,637,061 20,637,061 1,056,050 95% Interest Earnings 95,051 187,240 187,240 136,803 136,803 619,448 619,448 (482,645) 453% Other Income 41,395 510,566 510,566 18,055 18,055 23,390 23,390 (5,335) 130% Interfund Allocation Reimb 1,414,701 1,633,074 1,633,074 1,655,108 1,655,108 1,655,108 1,655,108 - 100% 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 22,935,006 22,935,006 568,070 98% Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 24,166,935 18,588,990 - 18,588,990 5,577,945 77% Expenditures by Type Personnel Salaries & Wages 3,497,540 3,777,318 3,648,854 4,336,218 4,378,254 3,793,996 - 3,793,996 584,258 87% Fringe Benefits 1,503,528 1,515,511 1,436,060 2,031,432 1,980,091 1,330,741 - 1,330,741 649,350 67% Total Personnel 5,001,068 5,292,830 5,084,914 6,367,650 6,358,345 5,124,738 - 5,124,738 1,233,608 81% Supplies 1,604,334 1,598,311 1,537,179 2,505,167 2,264,438 1,221,298 - 1,221,298 1,043,140 54% Services & Charges Professional Services 760,096 872,977 1,227,334 2,124,466 1,645,870 1,196,881 - 1,196,881 448,988 73% Printing & Advertising 7,168 2,341 2,683 7,520 6,638 1,081 - 1,081 5,557 16% Utilities 828,854 893,492 880,936 956,813 1,383,813 1,209,158 - 1,209,158 174,655 87% Repairs & Maintenance 411,658 402,687 477,557 882,229 933,940 703,479 - 703,479 230,461 75% Education & Training 15,517 22,722 8,509 37,438 48,543 27,094 - 27,094 21,449 56% Travel - 3,775 3,735 23,715 23,069 7,412 - 7,412 15,657 32% Other Services & Charges 2,536,459 2,529,469 2,918,953 4,229,006 4,060,029 3,344,679 - 3,344,679 715,350 82% 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 8,101,901 6,489,785 - 6,489,785 1,612,117 80% Operating Expenditures 11,369,334 11,618,604 12,141,801 17,134,004 16,724,684 12,835,820 - 12,835,820 3,888,865 77% Bad Debt 1,103,072 303,108 327,535 236,865 102,000 235,430 - 235,430 (133,430) 231% Interfund Interfund Allocations 2,342,714 2,856,398 3,567,849 3,853,754 3,863,059 3,694,071 - 3,694,071 168,987 96% 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 1,874,793 221,268 - 221,268 1,653,525 12% Total Interfund 10,605,783 7,212,866 5,332,132 7,330,946 7,340,251 5,517,739 - 5,517,739 1,822,512 75% Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 24,166,935 18,588,990 - 18,588,990 5,577,947 77% 6,550,457 Net Surplus / (Deficit) (2,090,837) 3,215,570 4,548,680 (1,198,738) (663,858) 4,346,017 4,346,017 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 5,886,599 17,098,561 Cash Reserves Target 1,153,909 956,729 890,073 1,208,347 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 12/31/2025 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) 210,000 210,000 108,624 108,624 101,376 52% Interest Earnings 153,064 227,703 227,703 208,820 208,820 705,368 705,368 (496,547) 338% 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 8,413,341 8,413,341 (7,594,520) 99% Expenditures by Type Services & Charges Professional Services 42,253 132,973 432,412 29,103 135,671 135,142 - 135,142 529 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 42,253 132,973 432,412 29,103 135,671 135,142 - 135,142 529 100% Capital 3,271,169 4,104,934 1,604,614 18,197,173 2,942,525 7,875,368 - 7,875,368 (4,932,843) 268% Bad Debt - - - - - - - - - - Total Expenditures 3,313,423 4,237,907 2,037,026 18,226,276 3,078,196 8,010,510 - 8,010,510 (4,932,314) 260% Net Surplus / (Deficit) 1,070,334 (4,113,816) (1,912,935) (9,734,455) 5,413,624 402,831 402,831 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 15,086,603 16,288,847 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 12/31/2025 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 - - 61,753 61,753 (61,753) - Total Revenue 12,668 38,236 38,236 - - 61,753 61,753 (61,753) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 12,668 38,236 38,236 - - 61,753 61,753 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 1,467,216 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 12/31/2025 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 - - 56,079 56,079 (56,079) - Other Income - - - - - - - - - Interfund Transfers In 2,662,430 2,750,000 2,750,000 1,474,793 1,474,793 112,545 112,545 1,362,248 8% Total Revenue 2,680,601 2,804,408 2,804,408 1,474,793 1,474,793 168,624 168,624 1,306,169 11% Expenditures by Type Services & Charges Debt Service Principal 1,248,939 1,045,513 786,373 2,514,703 2,514,703 327,262 - 327,262 2,187,441 13% Debt Service Interest & Fees 390,368 356,162 303,770 1,131,985 326,100 214,596 - 214,596 111,504 66% Total Services & Charges 1,639,307 1,401,675 1,090,143 3,646,688 2,840,803 541,858 - 541,858 2,298,945 19% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,639,307 1,401,675 1,090,143 3,646,688 2,840,803 541,858 - 541,858 2,298,945 19% Net Surplus / (Deficit) 1,041,294 1,402,734 1,714,266 (2,171,895) (1,366,010) (373,234) (373,234) Beginning Cash Balance - 2,323 - - Cash Adjustments (1,038,971) (1,405,057) 559,522 - Ending Cash Balance 2,323 - 2,273,787 (1,366,010) 1,143,566 Cash Reserves Target 2,323 - 2,273,787 (1,366,010) 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 12/31/2025 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 - - 73,520 73,520 (73,520) - Interfund Transfers In - - - - - 138,414 138,414 (138,414) - Total Revenue 13,836 42,407 42,407 - - 211,934 211,934 (211,934) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 13,836 42,407 42,407 - - 211,934 211,934 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 1,825,129 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 12/31/2025 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 - - 139,459 139,459 (139,459) - Interfund Transfers In 15,296 - - - - - - - - Total Revenue 43,673 85,903 85,903 - - 139,459 139,459 (139,459) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 43,673 85,903 85,903 - - 139,459 139,459 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 3,302,748 Cash Reserves Target 2,738,674 2,731,309 3,716,100 3,716,100 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 12/31/2025 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 701,488 703,574 703,574 666,095 666,095 712,276 712,276 (46,181) 107% Interest Earnings 27,093 54,170 54,170 16,699 16,699 62,134 62,134 (45,435) 372% Other Income - - - - - - - - - Interfund Transfers In 48,167 6,390 6,390 - - - - - - Total Revenue 776,748 764,134 764,134 682,794 682,794 774,409 774,409 (91,616) 113% Expenditures by Type Personnel Salaries & Wages 119,081 130,097 134,105 147,565 153,015 139,509 - 139,509 13,506 91% Fringe Benefits 55,024 55,746 56,550 65,258 59,308 50,370 - 50,370 8,939 85% Total Personnel 174,105 185,844 190,655 212,823 212,323 189,879 - 189,879 22,445 89% Supplies 42,321 40,016 69,570 134,645 121,681 104,981 - 104,981 16,700 86% Services & Charges Printing & Advertising - - - 200 200 - - - 200 0% Repairs & Maintenance 474,934 589,860 621,712 967,588 910,664 675,729 - 675,729 234,935 74% Other Services & Charges - - - - - - - - - - Total Services & Charges 474,934 589,860 621,712 967,788 910,864 675,729 - 675,729 235,135 74% Operating Expenditures 691,360 815,720 881,938 1,315,256 1,244,869 970,589 - 970,589 274,280 78% Bad Debt 57,952 8,820 14,932 - 13,100 11,179 - 11,179 1,921 85% Interfund Allocations 96,195 100,897 98,073 97,900 102,014 101,912 - 101,912 102 100% Total Expenditures 845,507 925,437 994,942 1,413,156 1,359,983 1,083,680 - 1,083,680 276,303 80% Net Surplus / (Deficit) (68,759) (161,304) (230,809) (730,361) (677,188) (309,270) (309,270) 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 211,377 231,359 248,736 339,996 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 12/31/2025 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 45,478,808 45,478,808 (1,715,795) 104% Interest Earnings 247,071 568,907 568,907 115,405 115,405 1,802,232 1,802,232 (1,686,827) 1562% Other Income 106,610 68,553 68,553 2,000 2,000 13,626 13,626 (11,626) 681% Interfund Allocation Reimb 463,761 461,751 461,751 421,322 421,322 421,322 421,322 - 100% 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 47,715,987 47,715,987 (3,414,248) 108% Expenditures by Division Sewers 7,807,448 7,048,829 6,403,311 8,108,833 8,418,386 7,267,858 - 7,267,858 1,150,528 86% Concrete Crew 521,609 562,830 513,606 640,997 643,406 561,450 - 561,450 81,956 87% Wastewater 32,097,845 28,653,161 23,034,326 44,713,091 42,091,588 28,659,721 - 28,659,721 13,431,867 68% Organic Resources 1,506,046 1,167,251 1,696,224 1,888,911 1,988,359 1,548,473 - 1,548,473 439,886 78% Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 53,141,740 38,037,503 - 38,037,503 15,104,237 72% Expenditures by Type Personnel Salaries & Wages 4,946,254 5,272,342 5,445,536 6,402,628 6,499,913 5,858,104 - 5,858,104 641,808 90% Fringe Benefits 2,018,844 2,015,847 2,029,440 2,850,041 2,690,116 2,100,075 - 2,100,075 590,042 78% Total Personnel 6,965,098 7,288,190 7,474,976 9,252,669 9,190,029 7,958,179 - 7,958,179 1,231,850 87% Supplies 2,230,631 2,484,857 2,355,553 4,559,542 3,848,316 2,754,417 - 2,754,417 1,093,899 72% Services & Charges Professional Services 590,275 1,065,584 191,971 395,686 289,771 184,083 - 184,083 105,689 64% 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 1,541,158 1,446,454 - 1,446,454 94,705 94% Repairs & Maintenance 1,677,658 1,731,522 2,951,638 3,054,255 2,801,114 2,306,391 - 2,306,391 494,722 82% Education & Training 20,869 34,832 30,878 69,465 58,217 31,466 - 31,466 26,750 54% Travel 10,417 14,539 22,986 43,210 36,915 20,938 - 20,938 15,977 57% Other Services & Charges 1,889,515 2,636,784 1,894,083 5,650,849 4,415,233 3,240,822 - 3,240,822 1,174,411 73% 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 9,150,148 7,233,256 - 7,233,256 1,916,891 79% Operating Expenditures 14,844,375 16,597,930 16,285,231 24,572,224 22,188,492 17,945,852 - 17,945,852 4,242,640 81% Capital 20,610 - - - - - - - - - Bad Debt 1,749,145 423,366 419,612 225,000 380,000 295,825 - 295,825 84,175 78% Interfund Interfund Allocations 6,081,041 6,148,303 7,153,280 7,565,272 7,583,912 7,258,874 - 7,258,874 325,038 96% 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 8,373,692 - 8,373,692 10,452,383 44% Total Interfund 25,318,816 20,410,776 14,942,624 30,554,608 30,573,248 19,795,827 - 19,795,827 10,777,421 65% Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 53,141,740 38,037,503 - 38,037,503 15,104,236 72% Net Surplus / (Deficit) (380,459) 6,039,390 11,823,994 (11,050,093) (8,840,001) 9,678,484 9,678,484 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 4,985,370 43,994,137 Cash Reserves Target 2,096,647 1,871,604 1,582,373 2,657,087 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 12/31/2025 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 106,734 340,467 340,467 339,000 339,000 465,314 465,314 (126,314) 137% Interest Earnings 201,511 402,237 402,237 - - 267,927 267,927 (267,927) - Other Income 19,550 - - - - 37,698 37,698 (37,698) - 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 10,751,670 770,938 - 770,938 9,980,731 7% Expenditures by Type Services & Charges Professional Services 18,900 1,105,955 298,314 4,465,304 1,541,737 1,490,302 - 1,490,302 51,435 3% Total Services & Charges 18,900 1,105,955 298,314 4,465,304 1,541,737 1,490,302 - 1,490,302 51,435 97% Capital 3,300,931 2,311,537 4,019,494 24,214,663 10,246,875 7,989,691 - 7,989,691 2,257,184 78% Bad Debt - - - - - - - - - - Total Expenditures 3,319,831 3,417,492 4,317,807 28,679,967 11,788,612 9,479,993 - 9,479,993 2,308,619 80% Net Surplus / (Deficit) 882,111 29,475,212 28,574,897 (17,928,297) (1,036,942) (8,709,054) (8,709,054) 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 - 13,322,766 942,581 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 12/31/2025 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 - - 264,386 264,386 (264,386) - Interfund Transfers In - - - - - - - - - Total Revenue 53,797 162,855 162,855 - - 264,386 264,386 (264,386) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 53,797 162,855 162,855 - - 264,386 264,386 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 6,261,345 Cash Reserves Target 4,527,715 4,610,709 5,720,421 5,720,421 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 12/31/2025 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 - - 69,537 69,537 (69,537) - Debt Proceeds - - - - - - - - - Interfund Transfers In 11,107,089 9,773,347 9,773,347 8,413,405 8,413,405 7,995,968 7,995,968 417,437 95% PILOT - - - - - - - - - Total Revenue 11,154,583 9,893,560 9,893,560 8,413,405 8,413,405 8,065,505 8,065,505 347,900 96% Expenditures by Type Services & Charges Debt Service Principal 6,275,000 6,420,000 6,580,000 7,817,084 7,817,084 6,735,000 - 6,735,000 1,082,084 86% Debt Service Interest & Fees 1,238,373 1,076,591 1,043,195 2,767,144 2,767,144 1,343,144 - 1,343,144 1,424,000 49% Total Services & Charges 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 8,078,144 - 8,078,144 2,506,084 76% Interfund Transfers Out - - - - - - - - - - Total Expenditures 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 8,078,144 - 8,078,144 2,506,084 76% Net Surplus / (Deficit) 3,641,210 2,396,969 2,270,365 (2,170,823) (2,170,823) (12,639) (12,639) 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) 249 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 12/31/2025 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 - - 195,432 195,432 (195,432) - Interfund Transfers In - - - - - 377,724 377,724 (377,724) - Total Revenue 36,341 110,014 110,014 - - 573,156 573,156 (573,156) - 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 - - 573,156 573,156 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 5,107,424 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 12/31/2025 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 - - 70,369 70,369 (70,369) - Total Revenue 10,905 37,039 37,039 - - 70,369 70,369 (70,369) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 10,905 37,039 37,039 - - 70,369 70,369 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 1,748,352 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 12/31/2025 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 455,212 455,392 455,392 456,126 456,126 455,797 455,797 329 100% Interest Earnings 4,980 13,471 13,471 9,402 9,402 26,520 26,520 (17,118) 282% Interfund Transfers In 36,158 4,905 4,905 - - - - - - Total Revenue 496,350 473,768 473,768 465,528 465,528 482,317 482,317 (16,789) 104% Expenditures by Type Personnel Salaries & Wages 35,920 40,178 45,347 114,312 114,253 33,793 - 33,793 80,460 30% Fringe Benefits 2,810 3,074 3,379 8,745 8,804 2,584 - 2,584 6,220 29% Total Personnel 38,730 43,252 48,726 123,057 123,057 36,377 - 36,377 86,680 30% Supplies 6,928 4,380 5,477 7,757 7,757 5,664 - 5,664 2,093 73% Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 45,658 47,632 54,203 130,814 130,814 42,041 - 42,041 88,773 32% Bad Debt 43,213 6,436 11,250 6,500 9,000 8,143 - 8,143 857 90% Interfund Interfund Allocations 46,462 36,239 32,252 32,372 32,372 32,372 - 32,372 - 100% Interfund Transfers Out 300,000 275,000 300,000 300,000 300,000 300,000 - 300,000 - 100% Total Interfund 346,462 311,239 332,252 332,372 332,372 332,372 - 332,372 - 100% Total Expenditures 435,333 365,307 397,704 469,686 472,186 382,556 - 382,556 89,630 81% Net Surplus / (Deficit) 61,017 108,461 76,063 (4,158) (6,658) 99,761 99,761 Beginning Cash Balance 282,057 425,913 282,057 282,057 Cash Adjustments 82,839 (252,317) (5,055) - Ending Cash Balance 425,913 282,057 353,065 275,398 642,888 Cash Reserves Target 108,833 91,327 99,426 118,047 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 12/31/2025 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 1,361,737 1,361,737 (214,537) 119% Intergov./ Grants - 293,000 293,000 - - - - - - Interest Earnings 22,740 53,355 53,355 236 236 91,335 91,335 (91,099) 38664% 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 1,453,072 1,453,072 (305,636) 127% Expenditures by Type Services & Charges Professional Services 189,476 273,376 138,721 281,451 164,494 45,045 - 45,045 119,449 27% Other Services & Charges - - - - - - - - - - Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Services & Charges 189,476 273,376 138,721 281,451 164,494 45,045 - 45,045 119,449 27% Capital 1,217,100 389,687 1,437,787 1,991,539 696,906 637,646 - 637,646 59,260 91% Bad Debt 84,577 13,360 24,967 40,305 30,000 17,209 - 17,209 12,791 57% Total Expenditures 1,491,154 676,423 1,601,475 2,313,295 891,400 699,900 - 699,900 191,500 79% Net Surplus / (Deficit) (345,839) 722,379 (202,672) (1,165,858) 256,036 753,173 753,173 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 1,860,191 2,348,166 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 12/31/2025 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 87,925 87,925 (82,925) 1759% Interest Earnings 2,551 6,281 6,281 4,830 4,830 14,493 14,493 (9,663) 300% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 25,897 57,408 57,408 9,830 9,830 102,418 102,418 (92,588) 1042% 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) 102,418 102,418 Beginning Cash Balance 173,825 213,569 173,825 173,825 Cash Adjustments 13,847 (97,152) (32,143) - Ending Cash Balance 213,569 173,825 199,090 161,655 408,890 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 12/31/2025 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 12/31/2025 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 390,016 648,640 648,640 300,000 300,000 174,200 174,200 125,800 58% Charges for Services 136,492 106,073 106,073 115,000 115,000 103,449 103,449 11,551 90% Fines, Forfeitures, and Fees 111,666 117,605 117,605 106,200 106,200 101,354 101,354 4,846 95% Interest Earnings 8,766 20,473 20,473 6,970 6,970 23,078 23,078 (16,108) 331% 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 867,961 994,541 994,541 529,170 529,170 429,858 429,858 99,312 81% Expenditures by Type Supplies 198,761 209,080 403,989 207,047 170,733 133,003 - 133,003 37,730 78% Services & Charges Professional Services 1,929 13,866 10,144 - 10,300 10,297 - 10,297 3 100% Education & Training 174,565 125,137 129,532 188,871 190,713 190,594 - 190,594 118 100% Travel 49,137 39,543 74,516 55,000 87,800 56,140 - 56,140 31,660 64% Other Services & Charges 52,751 20,734 9,010 59,250 54,250 45,127 - 45,127 9,123 83% Total Services & Charges 278,383 199,280 223,202 303,121 343,063 302,158 - 302,158 40,904 88% 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 1,208,796 1,104,275 - 1,104,275 104,520 91% Net Surplus / (Deficit) 345,479 285,082 89,921 (20,997) (679,625) (674,417) (674,417) 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 (300,644) 229,328 Cash Reserves Target 130,620 177,365 226,155 302,199 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 12/31/2025 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 12,222,196 12,222,196 178,482 99% Interest Earnings 30,151 178,001 178,001 178,522 178,522 251,599 251,599 (73,077) 141% Total Revenue 9,198,730 12,868,916 12,868,916 12,579,200 12,579,200 12,473,795 12,473,795 105,405 99% Expenditures by Department Police Department 5,124,420 4,749,279 6,928,340 6,200,339 6,200,339 6,200,339 - 6,200,339 - 100% Fire Department 5,124,420 4,749,279 6,928,340 7,678,294 7,678,294 7,678,294 - 7,678,294 - 100% Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 13,878,633 - 13,878,633 - 100% Expenditures by Type Personnel Salaries & Wages 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 13,878,633 - 13,878,633 - 100% Fringe Benefits - - - - - - - - - - Total Personnel 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 13,878,633 - 13,878,633 - 100% Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 13,878,633 - 13,878,633 - 100% Net Surplus / (Deficit) (1,050,110) 3,370,357 (987,765) (1,299,433) (1,299,433) (1,404,838) (1,404,838) 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 5,065,843 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 12/31/2025 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 74,580 74,580 (24,580) 149% Interest Earnings 10,132 22,799 22,799 16,472 16,472 42,986 42,986 (26,514) 261% Total Revenue 54,352 82,259 82,259 66,472 66,472 117,566 117,566 (51,094) 177% 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 16,472 117,566 117,566 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 1,058,663 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 12/31/2025 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 12/31/2025 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 2,090,253 2,090,253 17,909 99% Fines, Forfeitures, and Fees 47 26 26 - - - - - - Interest Earnings 25,176 29,370 29,370 17,452 17,452 74,111 74,111 (56,659) 425% 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 - - - - 12,762 12,762 (12,762) - Interfund Transfers In - - - - - - - - - Total Revenue 3,387,841 3,491,232 3,491,232 5,610,614 5,610,614 2,647,126 2,647,126 2,963,488 47% 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 3,774,837 2,794,965 - 2,794,965 979,872 74% 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 6,495,432 5,193,984 - 5,193,984 1,301,448 80% Net Surplus / (Deficit) 1,104,953 (2,293,661) (131,949) (2,620,361) (884,818) (2,546,858) (2,546,858) 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 1,873,520 296,796 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 12/31/2025 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 12/31/2025 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 51,027 51,027 (46,027) 1021% Interest Earnings 403 910 910 494 494 2,472 2,472 (1,978) 500% Other Income - - - - - - - - - Total Revenue 3,403 3,285 3,285 5,494 5,494 53,499 53,499 (48,005) 974% 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) 53,499 53,499 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 65,488 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 12/31/2025 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 90,000 120,315 120,315 (30,315) 134% Interest Earnings 5,011 12,217 12,217 9,152 9,152 26,349 26,349 (17,196) 288% Other Income - - - - - - - - - Total Revenue 130,816 161,390 161,390 99,152 99,152 146,664 146,664 (47,511) 148% Expenditures by Type Supplies 59,778 31,093 37,708 70,400 53,164 28,764 - 28,764 24,400 54% Services & Charges Professional Services - - - Printing & Advertising - 2,101 - 1,300 7,300 6,709 - 6,709 591 92% Education & Training 22,179 21,269 19,088 10,000 17,000 16,756 - 16,756 244 99% Travel - - - - - - - - - - Repairs & Maintenance 7,796 1,770 1,726 13,000 3,000 - - - 3,000 0% Other Services & Charges 575 289 2,441 - 12,000 2,693 - 2,693 9,307 22% Total Services & Charges 30,550 25,429 23,255 24,300 39,300 26,157 - 26,157 13,142 67% Capital - 34,530 - - (38,378) - - - (38,378) 0% Total Expenditures 90,328 91,052 60,963 94,700 54,086 54,922 - 54,922 (836) 102% Net Surplus / (Deficit) 40,488 70,338 100,427 4,452 45,066 91,742 91,742 Beginning Cash Balance 360,311 330,404 360,311 360,311 Cash Adjustments (70,396) (40,430) (71,166) - Ending Cash Balance 330,404 360,311 389,572 405,378 658,970 Cash Reserves Target 22,582 22,763 15,241 13,522 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 12/31/2025 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 12/31/2025 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 12/31/2025 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 12/31/2025 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 2,517 2,517 2,409 51% Interfund Transfers In 19,000 - - - - - - - - Total Revenue 118,335 158,312 158,312 84,926 84,926 40,875 40,875 44,051 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 8,832 8,832 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 95,163 302,946 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 12/31/2025 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 12/31/2025 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 - - 15,118 15,118 (15,118) - Total Revenue 4,397 9,313 9,313 - - 15,118 15,118 (15,118) - Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 4,397 9,313 9,313 - - 15,118 15,118 Beginning Cash Balance 316,090 314,233 316,090 316,090 Cash Adjustments (6,254) (7,456) (5,951) - Ending Cash Balance 314,233 316,090 319,452 316,090 358,042 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 12/31/2025 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 - - 12,066 12,066 (12,066) - 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 3,940,696 3,940,696 659,304 86% Expenditures by Type Personnel Salaries & Wages 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 4,246,288 - 4,246,288 259,259 94% Total Personnel 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 4,246,288 - 4,246,288 259,259 94% Supplies - 93 - 100 100 - - - 100 0% Services & Charges Professional Services 8,767 3,825 3,500 18,900 15,400 4,178 - 4,178 11,222 27% Travel - - - 350 350 - - - 350 0% Other Services & Charges 1,182 1,186 1,300 1,400 1,400 1,158 - 1,158 242 83% Total Services & Charges 9,949 5,011 4,800 20,650 17,150 5,336 - 5,336 11,814 31% Total Expenditures 4,132,907 4,043,751 3,985,174 4,526,297 4,522,797 4,251,624 - 4,251,624 271,173 94% Net Surplus / (Deficit) (59,194) 31,796 90,373 73,703 77,203 (310,928) (310,928) Beginning Cash Balance 420,180 453,561 420,180 420,180 Cash Adjustments 92,575 (65,177) (150,475) - Ending Cash Balance 453,561 420,180 360,078 497,383 31,457 Cash Reserves Target 413,291 404,375 398,517 452,280 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 12/31/2025 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 20,916 20,916 169,084 11% 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 6,085,029 6,085,029 106,971 98% Expenditures by Type Personnel Salaries & Wages 5,960,160 6,105,589 6,048,550 5,999,549 6,149,549 6,087,657 - 6,087,657 61,892 99% Total Personnel 5,960,160 6,105,589 6,048,550 5,999,549 6,149,549 6,087,657 - 6,087,657 61,892 99% Supplies - - - - - - - - - - Services & Charges Professional Services 3,500 3,500 3,500 10,000 6,500 3,500 - 3,500 3,000 54% Travel - - - 500 500 - - - 500 0% Other Services & Charges 999 1,116 1,121 1,400 1,400 1,179 - 1,179 221 84% Total Services & Charges 4,499 4,616 4,621 11,900 8,400 4,679 - 4,679 3,721 56% Total Expenditures 5,964,659 6,110,205 6,053,170 6,011,449 6,157,949 6,092,336 - 6,092,336 65,613 99% Net Surplus / (Deficit) 57,147 (111,297) (54,263) 180,551 34,051 (7,307) (7,307) Beginning Cash Balance 560,923 566,569 560,923 560,923 Cash Adjustments (51,500) 105,651 109,855 - Ending Cash Balance 566,569 560,923 616,515 594,974 530,657 Cash Reserves Target 596,466 611,020 605,317 615,795 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 12/31/2025 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 12/31/2025 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 13,197,126 13,197,126 (632,740) 105% Intergov./ Shared Revenues 427,491 861,197 861,197 1,138,013 1,138,013 481,338 481,338 656,675 42% Intergov./ Grants - 135,000 135,000 - - - - - - Licenses & Permits 348 289 289 360 360 880 880 (520) 244% Charges for Services 3,503,012 3,171,541 3,171,541 3,525,304 3,450,304 3,522,958 3,522,958 (72,654) 102% Fines, Forfeitures, and Fees 24 - - - - - - - - Interest Earnings 37,004 130,670 130,670 107,060 107,060 282,912 282,912 (175,852) 264% 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 1,255,417 1,255,417 (1,249,417) 20924% Other Income 336,986 240,432 240,432 117,264 117,264 151,561 151,561 (34,297) 129% Interfund Transfers In 119,221 5,372,562 5,372,562 4,100,000 4,100,000 4,100,000 4,100,000 - 100% Total Revenue 17,097,508 22,800,098 22,800,098 22,905,515 22,830,515 24,339,320 24,339,320 (1,508,805) 107% Expenditures by Division Community Initiatives - 1,280,884 1,381,901 1,890,987 1,921,256 1,444,372 - 1,444,372 476,884 75% Park Administration 1,068,419 1,000,988 1,118,726 1,247,099 1,226,864 1,493,002 - 1,493,002 (266,138) 122% Park Maintenance 7,955,421 9,494,446 9,447,125 13,239,916 12,119,404 10,662,645 630 10,663,275 1,456,129 88% Golf Courses 1,975,148 2,215,416 2,263,706 3,017,963 3,147,098 2,489,827 - 2,489,827 657,270 79% Recreational Experiences 2,294,300 2,376,955 2,368,544 2,480,875 2,368,380 1,957,147 - 1,957,147 411,234 83% Community Programming 1,219,796 1,331,326 1,470,796 2,432,207 1,983,406 1,726,893 - 1,726,893 256,513 87% Development & Promotions 1,068,863 1,069,187 1,145,069 2,500,744 2,215,493 2,096,765 - 2,096,765 118,729 95% - - - 1,383,913 2,145,537 1,952,331 - 1,952,331 193,206 91% Park Projects & Capital 485,729 838,269 3,136,902 6,048,718 6,551,034 5,568,630 - 5,568,630 982,403 85% Potawatomi Zoo 701,803 602,174 403,422 353,422 353,422 353,422 - 353,422 - 100% Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 34,031,893 29,745,034 630 29,745,664 4,286,230 87% Expenditures by Type Personnel Salaries & Wages 6,158,855 7,098,989 7,444,862 9,983,254 9,937,514 9,229,885 - 9,229,885 707,629 93% Fringe Benefits 2,100,307 2,297,681 2,308,066 3,102,125 2,541,406 2,394,278 - 2,394,278 147,129 94% Total Personnel 8,259,162 9,396,670 9,752,928 13,085,379 12,478,920 11,624,163 - 11,624,163 854,758 93% Supplies 1,591,115 1,611,704 1,693,141 2,157,670 2,407,436 1,730,137 - 1,730,137 677,299 72% Services & Charges Professional Services 195,731 565,516 728,640 925,240 654,709 439,311 - 439,311 215,398 67% Printing & Advertising 409,687 631,575 711,844 1,449,456 1,539,056 1,390,222 - 1,390,222 148,833 90% Utilities 942,839 914,400 880,167 1,066,550 1,061,550 986,182 - 986,182 75,368 93% Education & Training 22,292 96,883 28,604 72,720 103,516 59,373 - 59,373 44,143 57% Travel 19,192 16,085 42,707 55,223 55,363 13,646 - 13,646 41,717 25% Grants & Subsidies 715,000 1,058,200 644,426 615,000 620,000 482,184 - 482,184 137,816 78% Other Services & Charges 881,498 680,718 613,394 1,021,244 1,119,507 745,092 - 745,092 374,415 67% Debt Service Principal 379,954 462,762 389,972 802,624 787,478 547,020 - 547,020 240,458 69% Debt Service Interest & Fees 23,547 56,745 69,749 123,072 128,801 67,276 - 67,276 61,525 52% Total Services & Charges 4,190,681 5,443,231 5,158,695 7,134,094 7,295,215 5,713,496 - 5,713,496 1,581,718 78% Operating Expenditures 14,040,958 16,451,604 16,604,764 22,377,143 22,181,572 19,067,795 - 19,067,795 3,113,775 86% Capital 896,973 1,807,647 3,947,232 9,853,669 9,475,753 7,859,935 630 7,860,565 1,615,188 83% Bad Debt 1,100 240 160 - - 318 - 318 (318) - 5,865,858 Interfund Interfund Allocations 1,830,448 1,950,153 2,184,034 2,365,034 2,374,569 2,816,986 - 2,816,986 (442,417) 119% Interfund Transfers Out - - - - - - - - - - Total Interfund 1,830,448 1,950,153 2,184,034 2,365,034 2,374,569 2,816,986 - 2,816,986 (442,417) 119% Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 34,031,893 29,745,034 630 29,745,664 4,286,228 87% Net Surplus / (Deficit) 328,028 2,590,454 63,908 (11,690,331) (11,201,378) (5,405,714) (5,406,344) 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 (5,335,520) 4,377,559 Cash Reserves Target 4,192,370 5,052,411 5,684,048 8,507,973 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 12/31/2025 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 12/31/2025 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 12/31/2025 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 1,132,951 1,132,951 7,049 99% Intergov./ Shared Revenues 32,012 54,790 54,790 61,490 61,490 32,086 32,086 29,404 52% 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 1,166,784 1,166,784 34,706 97% 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 (14,431) (14,431) Beginning Cash Balance 184,163 187,578 184,163 184,163 Cash Adjustments (8,995) 39,812 54,460 - Ending Cash Balance 187,578 184,163 196,572 204,438 155,398 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 12/31/2025 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 - - 835 835 (835) - Interfund Transfers In - - - - - - - - - Total Revenue 21,207 31,722 31,722 31,611 31,611 835 835 30,776 3% 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 1,611 835 835 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 24,258 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 12/31/2025 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 5,869,344 5,869,344 (3,069,344) 210% Interest Earnings 14,387 15,005 15,005 - - 205,509 205,509 (205,509) - Total Revenue 2,097,128 2,070,419 2,070,419 2,800,000 2,800,000 6,074,853 6,074,853 (3,274,853) 217% 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 3,568,457 147,772 218,646 157,923 157,923 - 157,923 - 100% Interfund Transfers Out 157,923 - 157,923 (157,923) - Total Expenditures 1,121,352 3,568,457 4,167,772 218,646 157,923 157,923 - 315,846 (157,923) 200% Net Surplus / (Deficit) 975,776 (1,498,038) (2,097,353) 2,581,354 2,642,077 5,916,930 - 5,759,007 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 3,417,709 8,491,133 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 12/31/2025 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 6,692,658 6,426,666 - 6,426,666 265,991 96% Total Expenditures 7,200,174 1,440,954 1,493,326 6,692,686 6,692,658 6,426,666 - 6,426,666 265,991 96% Net Surplus / (Deficit) (690,145) (1,061,775) (1,114,147) (6,692,686) (6,692,658) (6,303,072) (6,303,072) 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 (4,779,731) 64,663 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 12/31/2025 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 31,864 31,864 (15,864) 199% Interest Earnings 1,417 3,450 3,450 2,512 2,512 6,954 6,954 (4,442) 277% Total Revenue 15,653 19,044 19,044 18,512 18,512 38,818 38,818 (20,306) 210% 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 38,818 38,818 Beginning Cash Balance 93,481 80,911 93,481 93,481 Cash Adjustments (28,223) (6,473) (3,739) - Ending Cash Balance 80,911 93,481 108,786 101,994 187,563 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 12/31/2025 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 12/31/2025 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 30,397 30,397 (30,263) 22760% Total Revenue 45,200 43,384 43,384 134 134 30,397 30,397 (30,263) 22760% 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 - - - - - - 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 - - - - - - Series I - Other Park Improv. 13,778 44,749 55,602 11,624 - - - - - - Series J - Pinhook Connect 1,263 4,403 - 35,191 29,374 14,004 - 14,004 15,370 48% Series K - Future Projects 304,899 182,721 10,000 402,005 - - - - - - Total Expenditures 2,194,553 780,322 375,154 458,822 29,374 14,004 - 14,004 15,370 48% Expenditures by Type Services & Charges Professional Services 6,414 - - - - - - - - - Total Services & Charges 6,414 - - - - - - - - - Capital 2,188,139 780,322 375,154 458,822 29,374 14,004 - 14,004 15,370 48% Total Expenditures 2,194,553 780,322 375,154 458,822 29,374 14,004 - 14,004 15,370 48% Net Surplus / (Deficit) (2,149,352) (736,938) (331,770) (458,688) (29,240) 16,393 16,393 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 4,230,485 589,470 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 12/31/2025 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 1,155,091 1,155,091 (243,872) 127% Fines, Forfeitures, and Fees 47,241 69,839 69,839 70,000 98,000 145,525 145,525 (47,525) 148% Interest Earnings 11,309 22,813 22,813 4,985 8,485 6,762 6,762 1,723 80% Other Income 3,404 - - - - 1,291 1,291 (1,291) - Interfund Transfers In - - - - - 175,000 175,000 (175,000) - Total Revenue 840,130 935,075 935,075 934,604 1,017,704 1,483,669 1,483,669 (465,965) 146% Expenditures by Subdivisions Parking Enforcement 607 80,623 168,856 - 387,838 402,979 (16,444) 386,535 1,302 100% Parking General Operations 406,178 585,441 92,666 177,898 156,676 242,229 (4,468) 237,760 (81,084) 152% Main Street Garage 180,396 210,216 324,283 234,334 255,771 241,004 - 241,004 14,767 94% Leighton Plaza Garage 164,397 231,288 332,274 242,086 209,978 189,381 - 189,381 20,597 90% Wayne Street Garage 140,760 154,644 309,177 199,776 386,878 384,070 (8,613) 375,457 11,421 97% Eddy St Commons Garage - - 3,704 - - - - - - - Wayne West Garage - - 30,189 224,157 351,804 342,090 - 342,090 9,714 97% Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,748,945 1,801,753 (29,525) 1,772,227 (23,283) 101% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 286,156 197,293 479,194 684,779 536,634 534,442 - 534,442 2,192 0% Total Personnel 286,156 197,293 479,194 684,779 536,634 534,442 - 534,442 2,192 0% Supplies 22,310 29,259 40,114 61,609 95,760 76,321 - 76,321 19,440 80% Services & Charges Professional Services 18,974 636,076 344,362 68,060 662,462 681,028 (29,525) 651,503 10,959 98% Printing & Advertising - - - - 87 58 - 58 29 67% Utilities 101,206 114,917 138,058 104,000 122,290 120,785 - 120,785 1,505 99% Repairs & Maintenance 69,498 143,195 52,754 6,294 68,924 64,460 - 64,460 4,464 94% Other Services & Charges 15,787 41,864 95,668 22,060 124,635 103,860 - 103,860 20,775 83% Travel - - 469 10,080 5,915 229 - 229 5,686 4% - - - - 600 515 - 515 85 86% Telecommunications - - - - 5,046 5,041 - 5,041 5 100% - - - - 5,223 5,137 - 5,137 86 98% - - - - - - - - - - Liability Insurance - - 13,613 20,257 20,257 14,622 - 14,622 5,635 72% Total Services & Charges 205,465 936,052 644,925 230,751 1,015,438 995,734 (29,525) 966,209 49,229 95% Operating Expenditures 513,932 1,162,603 1,164,234 977,139 1,647,832 1,606,496 (29,525) 1,576,971 70,861 96% Capital 275,068 - - - - - - - - - Bad Debt 55 - - - - - - - - - Interfund Interfund Allocations 103,285 99,609 96,916 101,112 101,112 195,256 - 195,256 (94,144) 193% Interfund Transfers Out - - - Total Interfund 103,285 99,609 96,916 101,112 101,112 195,256 - 195,256 (94,144) 193% Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,748,945 1,801,753 (29,525) 1,772,227 (23,283) 101% Net Surplus / (Deficit) (52,209) (327,138) (326,075) (143,647) (731,240) (318,083) (288,558) Beginning Cash Balance 907,380 674,268 907,380 907,380 Cash Adjustments (180,903) 560,249 283,656 - Ending Cash Balance 674,268 907,380 864,961 176,140 29,464 Cash Reserves Target 907,380 315,553 315,287 437,236 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 12/31/2025 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 1,735,598 1,735,598 (332,519) 124% 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 11,577 11,577 5,223 69% Other Income 58,561 172,449 172,449 50,636 50,636 74,608 74,608 (23,972) 147% 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 2,278,031 2,278,031 (347,516) 118% Expenditures by Subdivisions Morris Performing Arts Center 1,168,404 1,413,999 1,521,576 1,864,598 1,821,240 1,725,409 - 1,725,409 95,831 95% Events Promotion - - - 40,000 37,759 21,524 - 21,524 16,235 57% Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,858,999 1,746,933 - 1,746,933 112,066 94% Expenditures by Type Personnel Salaries & Wages 401,782 462,227 498,090 603,599 648,599 578,028 - 578,028 70,571 89% Fringe Benefits 165,552 176,654 181,155 251,851 205,414 181,789 - 181,789 23,625 88% Total Personnel 567,334 638,881 679,245 855,450 854,013 759,816 - 759,816 94,196 89% Supplies 25,631 32,647 47,759 83,599 68,873 67,044 - 67,044 1,829 97% Services & Charges Professional Services 63,163 61,849 109,002 82,000 83,655 74,630 - 74,630 9,025 89% Printing & Advertising 52,191 74,137 61,112 119,534 116,649 93,421 - 93,421 23,228 80% Utilities 133,765 137,372 143,388 181,976 186,176 179,686 - 179,686 6,490 97% Repairs & Maintenance 56,533 66,555 87,128 132,853 128,180 108,358 - 108,358 19,822 85% Education & Training 2,413 3,718 6,890 10,000 9,645 9,249 - 9,249 395 96% Travel 5,775 4,341 3,626 6,120 5,744 5,653 - 5,653 91 98% Other Services & Charges 39,255 114,797 86,045 119,647 91,209 81,677 - 81,677 9,532 90% Total Services & Charges 353,095 462,767 497,192 652,130 621,258 552,674 - 552,674 68,583 89% Operating Expenditures 946,060 1,134,295 1,224,195 1,591,180 1,544,143 1,379,535 - 1,379,535 164,608 89% Interfund Interfund Allocations 222,344 279,705 297,381 313,418 314,856 367,398 - 367,398 (52,542) 117% Total Interfund 222,344 279,705 297,381 313,418 314,856 367,398 - 367,398 (52,542) 117% Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,858,999 1,746,933 - 1,746,933 112,066 94% Net Surplus / (Deficit) 905,436 (249,924) (357,500) 25,917 71,516 531,098 531,098 Beginning Cash Balance - - - - Cash Adjustments (905,436) 249,924 357,500 - Ending Cash Balance - - - 71,516 566,106 Cash Reserves Target 116,840 141,400 152,158 185,900 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 12/31/2025 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 2,278,031 2,278,031 (347,516) 118% Total Revenue 2,128,910 1,164,076 1,164,076 1,930,515 1,930,515 2,278,031 2,278,031 (347,516) 118% Revenue Intergov./ Grants - - - - - - - - - Charges for Services 1,028,252 988,672 988,672 1,403,079 1,403,079 1,735,598 1,735,598 (332,519) 124% Interest Earnings 9,640 2,954 2,954 16,800 16,800 11,577 11,577 5,223 69% 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 74,608 74,608 (23,972) 147% 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 2,278,031 2,278,031 (347,516) 118% 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 1,858,999 1,746,933 - 1,746,933 112,066 94% Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,858,999 1,745,943 - 1,745,943 113,056 94% Expenditures by Type Personnel Salaries & Wages 401,782 462,227 498,090 603,599 648,599 578,028 - 578,028 70,571 89% Fringe Benefits 165,552 176,654 181,155 251,851 205,414 181,789 - 181,789 23,625 88% Total Personnel 567,334 638,881 679,245 855,450 854,013 759,816 - 759,816 94,196 89% Supplies 34,066 32,647 47,759 83,599 68,873 67,044 - 67,044 1,829 97% Services & Charges Professional Services 67,607 61,849 109,002 82,000 83,655 74,630 - 74,630 9,025 89% Printing & Advertising 74,502 74,321 61,112 119,534 116,649 93,421 - 93,421 23,228 80% Utilities 133,765 137,372 143,388 181,976 186,176 179,686 - 179,686 6,490 97% Repairs & Maintenance 62,349 66,555 87,128 132,853 128,180 108,358 - 108,358 19,822 85% Education & Training 2,438 3,718 6,890 10,000 9,645 9,249 - 9,249 395 96% Travel 6,711 4,341 3,626 6,120 5,744 5,653 - 5,653 91 98% Other Services & Charges 40,622 114,797 86,045 119,647 91,209 80,687 - 80,687 10,522 88% Total Services & Charges 387,992 462,951 497,192 652,130 621,258 551,684 - 551,684 69,573 89% Interfund Interfund Allocations 222,344 279,705 297,381 313,418 314,856 367,398 - 367,398 (52,542) 117% Interfund Transfers Out 939,012 - - - - - - - - - Total Interfund 1,161,356 279,705 297,381 313,418 314,856 367,398 - 367,398 (52,542) 117% Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,858,999 1,745,943 - 1,745,943 113,056 94% Net Surplus / (Deficit) (21,838) (250,107) (357,500) 25,917 71,516 532,088 532,088 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 12/31/2025 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 2,500,189 2,500,189 (333,189) 115% Interest Earnings 677 8,476 8,476 16,003 16,003 9,602 9,602 6,402 60% Other Income 125,315 99,675 99,675 5,000 5,000 (134,232) (134,232) 139,232 -2685% Interfund Allocation Reimb 28,827 70,842 70,842 71,905 71,905 71,905 71,905 - 100% Total Revenue 5,016,452 4,462,846 4,462,846 3,534,908 3,534,908 3,722,463 3,722,463 (187,555) 105% Expenditures by Subdivisions City Operations 1,229,534 1,197,943 1,537,502 1,676,541 1,455,883 1,420,859 - 1,420,859 35,025 98% Food & Beverage Operations 2,874,119 2,930,880 3,270,347 1,942,921 3,078,776 3,015,970 - 3,015,970 62,806 98% Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 4,534,659 4,436,829 - 4,436,829 97,831 98% Expenditures by Type Personnel Salaries & Wages 334,824 337,490 387,748 512,653 377,053 377,010 - 377,010 43 100% Fringe Benefits 114,116 112,298 133,624 213,697 141,822 140,711 - 140,711 1,111 99% Other Personnel Costs 1,113,680 1,241,993 1,456,681 957,926 1,755,766 1,746,748 - 1,746,748 9,018 99% Total Personnel 1,562,621 1,691,781 1,978,053 1,684,276 2,274,641 2,264,469 - 2,264,469 10,172 100% Supplies 1,064,660 950,670 1,052,869 453,272 654,147 643,155 - 643,155 10,992 98% Services & Charges Professional Services 179,143 198,618 172,655 133,518 143,681 143,678 - 143,678 4 100% Printing & Advertising - - - - - - - - - - Utilities 356,068 347,863 343,600 396,747 394,212 394,156 - 394,156 56 100% Repairs & Maintenance 72,081 136,704 149,846 140,245 137,037 133,715 - 133,715 3,321 98% Education & Training - 799 - 200 200 - - - 200 0% Travel - - - - - - - - - - Insurance 50,834 73,264 52,935 37,520 37,520 36,867 - 36,867 653 98% Other Services & Charges 476,332 476,549 578,463 385,741 504,863 449,082 - 449,082 55,782 89% Total Services & Charges 1,134,458 1,233,797 1,297,500 1,093,970 1,217,513 1,157,497 - 1,157,497 60,016 95% Operating Expenditures 3,761,739 3,876,248 4,328,422 3,231,519 4,146,301 4,065,121 - 4,065,121 81,180 98% Interfund Allocations 241,226 252,575 267,354 280,124 280,539 260,224 - 260,224 20,315 93% Interfund Transfers Out 100,688 - 212,073 107,819 107,819 111,484 - 111,484 (3,665) 103% Total Interfund 341,914 252,575 479,427 387,943 388,358 371,708 - 371,708 16,650 96% Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 4,534,659 4,436,829 - 4,436,829 97,830 98% Net Surplus / (Deficit) 912,799 334,024 (345,003) (84,554) (999,751) (714,366) (714,366) 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 (805,401) 417,471 Cash Reserves Target 1,025,913 1,032,206 1,201,962 1,133,665 194,349.94 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 12/31/2025 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 63,759 63,759 (44,000) 323% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Intergov./ Shared Revenues - 494,855 494,855 500,000 500,000 500,000 500,000 - 100% Total Revenue 5,748 528,273 528,273 519,759 519,759 563,759 - 563,759 (44,000) 108% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - 415,617 223,629 106,740 80,596 79,011 - 79,011 1,586 98% Total Expenditures - 415,617 223,629 106,740 80,596 79,011 - 79,011 1,586 98% Net Surplus / (Deficit) 5,748 112,656 304,644 413,019 439,163 484,749 484,749 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 1,422,873 1,537,941 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 12/31/2025 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 11,395 11,395 (10,773) 1831% Other Income 58,178 36,231 36,231 55,832 55,832 29,796 29,796 26,036 53% Interfund Transfers In 100,688 - - 107,819 107,819 111,484 111,484 (3,665) 103% Total Revenue 383,117 263,591 263,591 385,710 385,710 374,112 374,112 11,598 97% 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) (14,641) (14,641) Beginning Cash Balance 196,702 193,705 196,702 196,702 Cash Adjustments 16,253 147,323 110,057 - Ending Cash Balance 193,705 196,702 176,962 193,659 137,433 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 12/31/2025 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 1,445 1,445 (815) 229% Other Income - - - - - - - - - Total Revenue 420 890 890 630 630 1,445 1,445 (815) 229% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 420 890 890 630 630 1,445 1,445 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 34,229 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 12/31/2025 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 22,737 22,737 (12,824) 229% Other Income - - - - - - - - - Total Revenue 6,613 14,005 14,005 9,913 9,913 22,737 22,737 (12,824) 229% 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 22,737 22,737 Beginning Cash Balance 475,369 472,576 475,369 475,369 Cash Adjustments (9,406) (11,213) (8,949) - Ending Cash Balance 472,576 475,369 480,425 485,282 538,461 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 12/31/2025 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 4,986 4,986 6,177 45% Interfund Transfers In 373,724 338,293 338,293 381,031 381,031 343,040 343,040 37,991 90% Total Revenue 374,941 343,596 343,596 392,195 392,195 348,026 348,026 44,168 89% 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 (33,005) (33,005) Beginning Cash Balance 587,763 586,111 587,763 587,763 Cash Adjustments (4,036) 33,637 27,170 - Ending Cash Balance 586,111 587,763 590,148 598,927 561,289 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 12/31/2025 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 27,412 27,412 (16,629) 254% Other Income - - - - - - - - - Total Revenue 9,389 18,615 18,615 10,783 10,783 27,412 27,412 (16,629) 254% Expenditures by Type Services & Charges Professional Services 41,621 25,658 39,368 84,626 103,312 101,948 - 101,948 1,364 99% Total Services & Charges 41,621 25,658 39,368 84,626 103,312 101,948 - 101,948 1,364 99% Capital - - - - - - - - - - Total Expenditures 41,621 25,658 39,368 84,626 103,312 101,948 - 101,948 1,364 99% Net Surplus / (Deficit) (32,231) (7,043) (20,752) (73,843) (92,529) (74,536) (74,536) Beginning Cash Balance 692,248 763,112 692,248 692,248 Cash Adjustments 103,095 (63,821) (13,635) - Ending Cash Balance 763,112 692,248 657,860 599,719 564,869 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 12/31/2025 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 12/31/2025 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 691,646 266,888 266,888 608,674 608,674 936,014 936,014 (327,340) 154% Fines, Forfeitures, and Fees 70,178 92,005 92,005 64,500 64,500 72,979 72,979 (8,479) 113% Interest Earnings 3,006 (92) (92) 100,000 100,000 1,728 1,728 98,272 2% Other Income 2,750 24,565 24,565 20,000 20,000 39,553 39,553 (19,553) 198% Interfund Allocation Reimb 181,981 - - - - - - - - Interfund Transfers In 2,570,000 3,778,841 3,778,841 4,000,000 4,000,000 2,873,400 2,873,400 1,126,600 72% Total Revenue 3,519,561 4,391,340 4,391,340 4,793,174 4,793,174 3,925,244 3,925,244 867,929 82% Expenditures by Type Personnel Salaries & Wages 2,080,766 1,854,286 1,973,676 2,336,348 2,336,348 2,211,293 - 2,211,293 125,055 95% Fringe Benefits 764,431 831,403 645,485 966,701 900,701 669,936 - 669,936 230,765 74% Total Personnel 2,845,197 2,685,689 2,619,161 3,303,049 3,237,049 2,881,229 - 2,881,229 355,820 89% Supplies 33,616 29,510 34,082 71,129 66,272 46,228 - 46,228 20,043 70% Services & Charges Professional Services 303,797 496,648 618,918 906,021 739,194 705,111 - 705,111 34,083 95% Printing & Advertising 5,797 12,182 14,892 23,979 17,167 10,339 - 10,339 6,827 60% Education & Training 5,447 6,663 15,003 18,200 18,630 23,021 - 23,021 (4,391) 124% Travel 7,763 8,342 15,891 24,633 22,031 12,445 - 12,445 9,586 56% Repairs & Maintenance 1,367 1,302 1,230 4,406 3,855 (1,184) - (1,184) 5,039 -31% Other Services & Charges 26,286 16,044 68,764 42,700 37,369 26,546 - 26,546 10,823 71% Total Services & Charges 350,457 541,181 734,699 1,019,938 838,246 776,279 - 776,279 61,967 93% Operating Expenditures 3,229,270 3,256,381 3,387,942 4,394,117 4,141,567 3,703,736 - 3,703,736 437,830 89% Bad Debt - - - - - - - - - - Interfund Interfund Allocations 665,860 758,702 845,870 936,455 942,455 829,083 - 829,083 113,372 88% Interfund Transfers Out - - - - - - - - - - Total Interfund 665,860 758,702 845,870 936,455 942,455 829,083 - 829,083 113,372 88% Total Expenditures 3,895,130 4,015,082 4,233,812 5,330,572 5,084,022 4,532,819 - 4,532,819 551,202 89% Net Surplus / (Deficit) (375,569) 376,258 157,528 (537,398) (290,848) (607,575) (607,575) 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 23,296 103,277 98 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 12/31/2025 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 3,923,622 3,923,622 (855,960) 128% 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 3,923,622 3,923,622 (785,603) 125% Expenditures by Type Services & Charges Professional Services 19,785 - - - - - - - - - Grants & Subsidies 2,804,158 4,310,457 2,859,882 10,771,637 4,473,289 4,271,423 - 4,271,423 201,866 95% Total Services & Charges 2,823,943 4,310,457 2,859,882 10,771,637 4,473,289 4,271,423 - 4,271,423 201,866 95% Total Expenditures 2,823,943 4,310,457 2,859,882 10,771,637 4,473,289 4,271,423 - 4,271,423 201,866 95% Net Surplus / (Deficit) (333,251) 1,263,889 2,714,464 (7,633,618) (1,335,270) (347,801) (347,801) 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) (925,452) (4,361) 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 12/31/2025 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 91,240 107,348 107,348 (16,108) 118% Interest Earnings 11,010 24,876 24,876 19,605 19,605 45,423 45,423 (25,818) 232% Other Income 366 - - - - - - - - Total Revenue 79,960 93,390 93,390 110,845 110,845 152,771 152,771 (41,926) 138% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services 20,000 17,500 24,780 25,000 24,212 24,212 - 24,212 - 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 20,000 17,500 24,780 25,000 24,212 24,212 - 24,212 - 100% Operating Expenditures 20,000 17,500 24,780 25,000 24,212 24,212 - 24,212 - 100% Bad Debt - - - - - - - - - - Total Expenditures 20,000 17,500 24,780 25,000 24,212 24,212 - 24,212 - 100% Net Surplus / (Deficit) 59,960 75,890 68,610 85,845 86,633 128,559 128,559 Beginning Cash Balance 764,981 832,938 764,981 764,981 Cash Adjustments 7,997 (143,848) (11,300) - Ending Cash Balance 832,938 764,981 822,291 851,614 1,136,248 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 12/31/2025 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 45,048 150,899 150,899 250,000 250,000 187,691 187,691 62,309 75% Interest Earnings 1,596 5,230 5,230 9,380 9,380 20,688 20,688 (11,308) 221% Interfund Transfers In 70,000 - - - - - - - - Total Revenue 116,643 156,129 156,129 259,380 259,380 208,379 208,379 51,001 80% 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 60,565 6,565 - 6,565 54,000 11% Other Services & Charges - - - - - - - - - - Total Services & Charges 985 1,475 62,325 144,866 60,565 6,565 - 6,565 54,000 11% Interfund Interfund Allocations - - - - - - - - - - Total Interfund - - - - - - - - - Total Expenditures 79,884 65,375 56,593 144,866 60,565 6,565 - 6,565 54,000 11% Net Surplus / (Deficit) 36,760 90,754 99,537 114,514 198,815 201,814 201,814 Beginning Cash Balance 87,416 189,090 87,416 87,416 Cash Adjustments 64,915 (192,429) (63,427) - Ending Cash Balance 189,090 87,416 123,526 286,231 609,615 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 12/31/2025 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 23,460 23,460 1,540 94% Charges for Services 53,545 43,575 43,575 45,200 45,200 49,146 49,146 (3,946) 109% Fines, Forfeitures, and Fees 292,490 301,742 301,742 181,900 181,900 229,797 229,797 (47,897) 126% Interest Earnings 1,439 1,261 1,261 - - 7,669 7,669 (7,669) - 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 9,456 9,456 (8,456) 946% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In 2,930,968 3,298,000 3,298,000 6,800,000 6,800,000 5,207,000 5,207,000 1,593,000 77% Total Revenue 3,857,313 3,919,673 3,919,673 7,409,100 7,409,100 5,882,528 5,882,528 1,526,572 79% Expenditures by Subdivisions Neighborhood Services 2,843,929 3,247,961 3,742,671 6,495,550 6,055,036 4,751,312 - 4,751,312 1,303,724 78% Animal Resource Center 941,390 1,148,773 1,258,552 1,484,103 1,418,783 1,126,734 - 1,126,734 292,048 79% Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,473,819 5,878,047 - 5,878,047 1,595,772 79% Expenditures by Type Personnel Salaries & Wages 1,341,301 1,808,248 1,997,996 2,946,308 2,946,308 2,328,630 - 2,328,630 617,678 79% Fringe Benefits 543,091 523,537 753,840 1,358,493 1,290,493 812,789 - 812,789 477,704 63% Total Personnel 1,884,392 2,331,786 2,751,836 4,304,801 4,236,801 3,141,419 - 3,141,419 1,095,382 74% Supplies 142,735 212,692 179,819 272,021 259,218 165,850 - 165,850 93,368 64% Services & Charges Professional Services 64,822 119,532 162,559 288,155 325,164 232,075 - 232,075 93,089 71% Printing & Advertising 19,060 11,387 7,497 22,147 15,756 9,719 - 9,719 6,036 62% Utilities 35,837 35,422 38,188 41,389 41,389 40,623 - 40,623 766 98% Repairs & Maintenance 232,670 129,650 352,604 785,816 452,061 402,903 - 402,903 49,157 89% Education & Training 5,305 7,627 8,354 29,900 17,209 13,327 - 13,327 3,883 77% Travel 1,360 6,641 5,430 26,400 11,400 8,334 - 8,334 3,066 73% Other Services & Charges 123,694 199,211 121,521 215,266 148,171 132,600 - 132,600 15,572 89% 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 1,347,594 1,165,245 - 1,165,245 182,351 86% Operating Expenditures 2,696,968 3,275,049 3,894,508 6,322,339 5,843,614 4,472,514 - 4,472,514 1,371,101 77% Bad Debt - 270 682 - - 420 - 420 (420) - Interfund Allocations 767,616 848,209 972,169 1,062,454 1,070,454 869,184 - 869,184 201,269 81% Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,473,819 5,878,047 - 5,878,047 1,595,772 79% Net Surplus / (Deficit) 71,993 (477,061) (1,081,550) (570,553) (64,719) 4,481 4,481 Beginning Cash Balance 497,492 803,572 497,492 497,492 Cash Adjustments 234,088 170,981 1,081,553 - Ending Cash Balance 803,572 497,492 497,495 432,773 6,774 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 12/31/2025 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 3,170 3,170 4,780 40% Other Income 385,577 - - - - - - - - Total Revenue 389,623 8,846 8,846 7,950 7,950 3,170 3,170 4,780 40% 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 3,170 3,170 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 75,085 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 12/31/2025 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 3,252,267 3,252,267 (966,467) 142% Fines, Forfeitures, and Fees 5,860 13,890 13,890 13,000 13,000 5,982 5,982 7,018 46% Interest Earnings 28,301 56,845 56,845 55,082 55,082 163,692 163,692 (108,610) 297% Other Income 2,105 5,831 5,831 - - 7,059 7,059 (7,059) - Capital Lease Proceeds - - - - - - - - - Total Revenue 1,922,553 2,175,568 2,175,568 2,353,882 2,353,882 3,428,999 3,428,999 (1,075,118) 146% Expenditures by Type Personnel Salaries & Wages 788,291 830,167 881,725 1,032,036 1,032,036 920,591 - 920,591 111,445 89% Fringe Benefits 343,343 347,728 364,906 490,334 483,834 307,228 - 307,228 176,606 63% Total Personnel 1,131,634 1,177,895 1,246,632 1,522,370 1,515,870 1,227,819 - 1,227,819 288,051 81% Supplies 25,192 22,819 22,678 23,000 43,000 38,818 - 38,818 4,182 90% Services & Charges Professional Services - - 760 8,000 8,000 4,483 - 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 5,770 5,141 - 5,141 629 89% Travel 9 - - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 27,699 30,349 28,036 29,743 20,000 25,309 - 25,309 (5,309) 127% Other Services & Charges 28,286 578,003 1,157,292 34,550 2,281,503 2,303,043 - 2,303,043 (21,540) 101% 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 2,325,473 2,337,977 - 2,337,977 (12,503) 101% Operating Expenditures 1,240,513 1,819,655 2,461,495 1,633,863 3,884,343 3,604,614 - 3,604,614 279,730 93% 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 665,210 356,582 319,976 350,370 356,870 233,433 - 233,433 123,437 65% Total Expenditures 1,905,723 2,205,269 2,838,993 2,065,233 4,322,213 3,894,483 - 3,894,483 427,731 90% Net Surplus / (Deficit) 16,830 (29,702) (663,425) 288,649 (1,968,331) (465,484) (465,484) 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 2,112,164 134,041 2,782,202 Cash Reserves Target 476,431 551,317 709,748 1,080,553 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 12/31/2025 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 50,529 156,288 156,288 221,654 221,654 169,067 169,067 52,587 76% Other Income 809,701 979,867 979,867 847,900 847,900 (71,328) (71,328) 919,228 -8% Total Revenue 5,610,209 1,136,154 1,136,154 1,069,554 1,069,554 97,738 97,738 971,815 9% Expenditures by Type Services & Charges Professional Services 246,601 48,257 36,211 511,693 180,713 103,321 - 103,321 77,392 57% Other Services & Charges 21,756 38,120 45,905 36,962 36,655 48,574 - 48,574 (11,919) 133% Grants & Subsidies 4,290,000 - - - - - - - - - Total Services & Charges 4,558,357 86,377 82,115 548,655 217,368 151,896 - 151,896 65,473 70% Bad Debt - - - - - - - - - - Total Expenditures 4,558,357 86,377 82,115 548,655 217,368 151,896 - 151,896 65,473 70% Net Surplus / (Deficit) 1,051,853 1,049,778 1,054,039 520,899 852,186 (54,157) (54,157) 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 4,553,028 4,401,255 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 12/31/2025 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 92 92 36,070 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 1,713,592 1,713,592 33,414 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 1,098 1,098 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 1,758,515 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 12/31/2025 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 12/31/2025 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 75,577 188 188 75,389 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 1,955,313 1,955,313 75,389 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 75,577 188 188 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 3,669,362 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 12/31/2025 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 2,799 2,799 (599) 127% Charges for Services 9,160,143 8,923,201 8,923,201 11,965,257 11,965,257 9,911,829 9,911,829 2,053,428 83% Interest Earnings 7,009 78 78 - - 6,181 6,181 (6,181) - Other Income 115,532 59,794 59,794 59,500 65,377 90,139 90,139 (24,762) 138% Interfund Allocation Reimb 160,000 160,000 160,000 160,000 160,000 160,000 160,000 - 100% Interfund Transfers In - - - - - 200,000 200,000 (200,000) - Total Revenue 9,445,964 9,145,812 9,145,812 12,186,957 12,192,834 10,370,949 10,370,949 1,821,886 85% Expenditures by Division Equipment Services 9,334,778 9,412,885 10,298,079 11,374,587 11,360,592 9,449,702 - 9,449,702 1,910,890 83% Print Shop - - - - - - - - - - Radio Shop 192,096 213,640 232,485 344,536 340,561 323,583 - 323,583 16,978 95% Building Maintenance 173,605 195,423 236,661 293,248 360,221 266,708 - 266,708 93,513 74% Facilities Management 142,772 159,963 144,771 192,746 244,039 147,291 - 147,291 96,748 60% Capital 67,785 168,092 138,767 358,150 169,700 157,823 - 157,823 11,877 93% Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,475,113 10,345,106 - 10,345,106 2,130,006 83% Expenditures by Type Personnel Salaries & Wages 1,765,863 1,778,787 2,254,224 2,711,264 2,819,478 2,443,948 - 2,443,948 375,530 87% Fringe Benefits 751,937 721,904 860,801 1,244,945 1,240,303 901,329 - 901,329 338,973 73% Total Personnel 2,517,800 2,500,690 3,115,025 3,956,209 4,059,781 3,345,278 - 3,345,278 714,503 82% Supplies 6,392,707 6,543,875 6,834,645 7,190,091 7,188,318 5,799,270 - 5,799,270 1,389,048 81% Services & Charges Professional Services 12,641 6,968 15,569 86,530 12,275 1,735 - 1,735 10,540 14% Printing & Advertising - - - - - - - - - - Utilities 73,151 68,323 60,520 80,881 80,881 66,873 - 66,873 14,008 83% Repairs & Maintenance 123,289 279,396 190,780 371,358 269,570 246,224 - 246,224 23,346 91% Education & Training 4,953 4,990 8,182 18,050 11,357 7,282 - 7,282 4,075 64% Travel 61 2,342 2,875 4,850 3,203 1,853 - 1,853 1,350 58% Other Services & Charges 13,527 12,570 12,594 21,187 20,897 12,225 - 12,225 8,672 59% Debt Service Principal 8,069 8,254 4,198 - - - - - - - Debt Service Interest & Fees 422 237 48 - - - - - - - Total Services & Charges 236,114 383,080 294,765 582,856 398,183 336,191 - 336,191 61,991 84% Capital 7,239 - 25,342 7,200 - - - - - - Interfund Interfund Allocations 757,176 722,359 780,985 826,912 828,831 864,367 - 864,367 (35,537) 104% Interfund Transfers Out - - - - - - - - - - Total Interfund 757,176 722,359 780,985 826,912 828,831 864,367 - 864,367 (35,537) 104% Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,475,113 10,345,106 - 10,345,106 2,130,005 83% Net Surplus / (Deficit) (465,072) (1,004,193) (1,904,950) (376,310) (282,279) 25,843 25,843 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 1,209,079 658,666 305,778 376,387 25,904 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 12/31/2025 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 12/31/2025 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 79,266 164,629 164,629 117,112 117,112 336,267 336,267 (219,155) 287% 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 3,639,999 3,639,999 - 100% Interfund Transfers In - - - - - - - - - Total Revenue 4,185,605 4,248,586 4,248,586 3,757,111 3,757,111 4,018,915 4,018,915 (261,804) 107% Expenditures by Division Safety/Risk Management - - - - - - - - - - Liability Insurance 1,555,388 1,062,020 1,184,958 1,353,674 1,283,521 1,277,303 - 1,277,303 6,218 100% Business Insurance 2,429,126 872,633 521,205 1,270,443 1,098,051 717,467 - 717,467 380,584 65% Workers' Compensation 1,068,632 1,086,164 1,392,161 1,405,424 1,446,924 1,302,132 - 1,302,132 144,792 90% Catastrophic Events 479 500 - 92,733 2,733 - - - 2,733 0% Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 3,831,230 3,296,903 - 3,296,903 534,327 86% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 24,902 29,792 37,660 55,000 57,000 45,639 - 45,639 11,362 80% Total Personnel 24,902 29,792 37,660 55,000 57,000 45,639 - 45,639 11,362 80% Supplies - - - - - - - - - - Services & Charges Professional Services 405,364 498,869 275,275 418,443 561,146 498,335 - 498,335 62,811 89% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Repairs & Maintenance 1,710,233 231,043 - - - - - - - - Insurance 2,121,803 2,052,688 2,427,744 2,282,474 2,500,604 2,375,173 - 2,375,173 125,431 95% Other Services & Charges 790,843 208,426 357,645 1,273,624 709,746 377,756 - 377,756 331,990 53% Total Services & Charges 5,028,243 2,991,026 3,060,665 3,974,541 3,771,496 3,251,264 - 3,251,264 520,232 86% Capital 479 500 - 92,733 2,733 - - - 2,733 0% Interfund Interfund Allocations - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 3,831,230 3,296,903 - 3,296,903 534,327 86% Net Surplus / (Deficit) (868,019) 1,227,268 1,150,261 (365,164) (74,119) 722,012 722,012 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 6,026,748 8,115,128 Cash Reserves Target 2,526,812 1,510,659 1,549,162 1,915,615 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 12/31/2025 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 14,985,785 14,985,785 5,495 100% 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 72,145 266,884 266,884 (194,739) 370% Total Revenue 10,153,530 10,262,996 10,262,996 15,063,425 15,180,658 15,467,000 15,467,000 (286,341) 102% Expenditures by Division 311 Call Center 637,390 675,189 1,194,171 1,418,380 1,417,793 1,336,391 - 1,336,391 81,402 94% Innovation & Technology 8,398,022 8,751,316 11,307,227 16,257,128 14,247,079 13,468,532 1 13,468,533 778,546 95% Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 15,664,872 14,804,923 1 14,804,924 859,948 95% Expenditures by Type Personnel Salaries & Wages 1,965,182 2,176,973 3,198,257 3,532,087 3,572,332 3,516,605 - 3,516,605 55,728 98% Fringe Benefits 711,976 794,161 1,120,370 1,494,332 1,451,346 1,163,358 - 1,163,358 287,988 80% Total Personnel 2,677,158 2,971,134 4,318,627 5,026,419 5,023,678 4,679,962 - 4,679,962 343,716 93% Supplies 468,930 164,623 704,783 1,459,089 1,086,995 1,085,481 - 1,085,481 1,514 100% Services & Charges Professional Services 782,666 967,886 811,905 2,434,042 1,747,696 1,403,840 1 1,403,841 343,855 80% Printing & Advertising 4,366 6,393 11,108 15,600 10,951 8,022 - 8,022 2,929 73% Repairs & Maintenance 3,802,342 4,116,523 5,556,651 7,360,813 6,638,019 6,518,505 - 6,518,505 119,514 98% Education & Training 34,682 32,822 19,183 67,095 24,631 23,102 - 23,102 1,529 94% Travel 24,829 30,830 46,813 49,916 47,400 44,096 - 44,096 3,303 93% Other Services & Charges 243,852 255,730 270,067 324,037 271,769 257,941 - 257,941 13,828 95% Debt Service Principal 930,920 817,680 686,269 835,752 733,037 728,026 - 728,026 5,011 99% Debt Service Interest & Fees 65,014 57,489 68,681 96,426 71,637 47,431 - 47,431 24,206 66% Total Services & Charges 5,888,671 6,285,351 7,470,676 11,183,681 9,545,140 9,030,964 1 9,030,965 514,175 95% Operating Expenditures 9,034,758 9,421,108 12,494,086 17,669,189 15,655,813 14,796,408 1 14,796,409 859,405 95% Total Interfund 653 5,398 7,312 6,318 9,059 8,515 - 8,515 544 94% Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 15,664,872 14,804,923 1 14,804,924 859,949 95% Net Surplus / (Deficit) 1,118,119 836,490 (2,238,402) (2,612,083) (484,214) 662,077 662,076 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 2,998,651 7,230,964 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 12/31/2025 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 17,907,655 17,907,655 174,845 99% Other Income 868,171 645,958 645,958 810,000 810,000 822,448 822,448 (12,448) 102% Interest Earnings 153,013 281,357 281,357 184,659 184,659 392,585 392,585 (207,926) 213% Total Revenue 17,172,834 18,191,953 18,191,953 19,077,159 19,077,159 19,122,688 19,122,688 (45,529) 100% Expenditures by Subdivision Health Insurance 16,778,282 17,293,498 17,289,436 20,078,498 19,484,388 20,508,583 - 20,508,583 (1,024,196) 105% Workplace Wellness Clinic 349,692 1,862,320 1,301,396 1,289,140 1,258,714 1,609,324 - 1,609,324 (350,611) 128% Employee Wellness 86,404 81,555 143,832 145,000 144,517 116,860 - 116,860 27,657 81% Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 20,887,618 22,234,768 - 22,234,768 (1,347,150) 106% Expenditures by Type Personnel Other Personnel Costs 16,086,840 16,566,627 16,665,572 19,326,491 18,731,898 19,954,162 - 19,954,162 (1,222,265) 107% Total Personnel 16,086,840 16,566,627 16,665,572 19,326,491 18,731,898 19,954,162 - 19,954,162 (1,222,265) 107% Supplies 49,303 64,176 113,029 179,183 148,757 97,941 - 97,941 50,816 66% Services & Charges Professional Services 460,652 1,993,988 1,384,334 1,336,061 1,336,061 1,612,962 - 1,612,962 (276,901) 121% Printing & Advertising - - - 100 100 - - - 100 0% Insurance 613,232 603,954 568,178 669,303 669,303 570,870 - 570,870 98,433 85% Other Services & Charges 4,351 8,628 3,551 1,500 1,500 (1,167) - (1,167) 2,667 -78% Total Services & Charges 1,078,234 2,606,570 1,956,063 2,006,964 2,006,964 2,182,665 - 2,182,665 (175,701) 109% Bad Debt - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 20,887,618 22,234,768 - 22,234,768 (1,347,150) 106% Net Surplus / (Deficit) (41,543) (1,045,420) (542,711) (2,435,478) (1,810,459) (3,112,080) (3,112,080) 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 8,975,956 6,736,883 Cash Reserves Target 4,303,594 4,809,343 4,683,666 5,221,905 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 12/31/2025 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 16,119 16,119 68,881 19% Interest Earnings 899 2,161 2,161 1,992 1,992 - - 1,992 0% Other Income - - - - - - - - - Interfund Transfers In - - - - - 80,000 80,000 (80,000) - Total Revenue 78,129 10,467 10,467 86,992 86,992 96,119 96,119 (9,127) 110% Expenditures by Type Personnel Other Personnel Costs 24,444 77,693 77,729 - 100,320 92,939 - 92,939 7,381 93% Total Expenditures 24,444 77,693 77,729 - 100,320 92,939 - 92,939 7,381 93% Net Surplus / (Deficit) 53,685 (67,226) (67,263) 86,992 (13,328) 3,181 3,181 Beginning Cash Balance - 31,859 - - Cash Adjustments (21,826) 35,368 145,141 - Ending Cash Balance 31,859 - 77,878 (13,328) 3,573 Cash Reserves Target 6,111 19,423 19,432 25,080 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 12/31/2025 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 260,138 283,791 283,791 297,000 297,000 313,857 313,857 (16,857) 106% Interest Earnings 4,817 14,964 14,964 14,871 14,871 44,160 44,160 (29,288) 297% Total Revenue 264,956 298,755 298,755 311,871 311,871 358,016 358,016 (46,145) 115% Expenditures by Type Personnel Salaries & Wages 79,873 83,396 78,021 150,000 150,000 117,790 - 117,790 32,210 79% Total Expenditures 79,873 83,396 78,021 150,000 150,000 117,790 - 117,790 32,210 79% Net Surplus / (Deficit) 185,082 215,359 220,734 161,871 161,871 240,226 240,226 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 1,118,424 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 12/31/2025 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 151,774 321,428 321,428 227,508 227,508 521,821 521,821 (294,313) 229% Total Revenue 151,774 321,428 321,428 227,508 227,508 521,821 521,821 (294,313) 229% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 151,774 321,428 321,428 227,508 227,508 521,821 521,821 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 12,358,080 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 12/31/2025 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 86,747 102,950 102,950 (16,203) 119% 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 26,820 26,820 (6,820) 134% Office of Sustainability - - - - - - - - - Historic Preservation 63 51 51 - - 38 38 (38) - Home Energy Improvements 105,000 - - - - 51,000 51,000 (51,000) - 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 3,652,115 118,747 120,747 197,188 195,188 (76,441) 162% Expenditures by Project Wayfinding Signage Project - - 5,295,688 1,704,312 719,424 719,424 - 719,424 - 100% UNDP - - - - 37,225 6,908 - 6,908 30,317 19% Bloomberg Mayors Challenge 232,795 78,044 - - - - - - - - Human Rights Scholarship Prog. - 5,856 2,971 9,000 14,000 8,348 - 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 31,040 25,805 (11,460) 14,345 16,695 46% Home Energy Improvements - - - - 11,460 - 11,460 11,460 - 100% Animal Resource Center 34,535 38,753 31,148 50,000 61,798 62,310 - 62,310 (513) 101% Code Enforcement Demolitions 44,425 - - - - - - - - - Pokagon Band Donation - - - - - - - - - - Total Expenditures 344,573 147,483 5,339,970 1,791,812 878,447 823,486 - 823,486 54,960 94% 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 1,754,312 781,222 781,735 - 781,735 (513) 100% Printing & Advertising - 4,732 2,971 1,000 6,000 5,039 - 5,039 961 84% Repairs & Maintenance - 11,460 - 25,000 10,000 22 - 22 9,978 0% Grants & Subsidies - 6,313 10,163 9,000 78,725 36,690 - 36,690 42,035 47% Other Services & Charges 44,425 - - - - - - - - - Facilities Management - - - - - - - - - - Total Services & Charges 311,755 139,302 5,339,970 1,789,312 875,947 823,486 - 823,486 52,461 94% Total Expenditures 344,573 147,483 5,339,970 1,791,812 878,447 823,486 - 823,486 54,961 94% Net Surplus / (Deficit) (65,765) 3,504,631 (1,687,855) (1,673,065) (757,700) (626,298) (628,298) 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 981,455 978,522 894,757 220,822 2,199,120 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 12/31/2025 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 41,355 140,634 140,634 (99,279) 340% 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 41,355 481,837 481,837 (440,482) 1165% Expenditures by Type Services & Charges Professional Services - - - 200,000 - - - - - - Other Services & Charges - - - 210,000 210,000 - - - 210,000 0% Total Expenditures - - - 410,000 210,000 - - - 210,000 0% Net Surplus / (Deficit) 640,186 1,120,256 1,120,256 (368,645) (168,645) 481,837 481,837 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 1,052,929 245,454 3,605,705 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 12/31/2025 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 8,775 187,000 151,900 145,485 145,485 6,415 96% Charges for Services 1,667 20,000 20,000 - 10,000 25,000 25,000 (15,000) 250% Interest Earnings 4,033 6,995 6,995 3,000 3,000 10,625 10,625 (7,625) 354% Other Income - - - 40,000 - - - - - Total Revenue 71,960 35,770 35,770 230,000 164,900 181,110 181,110 (16,210) 110% Expenditures by Subdivision General 2,760 - - - - - - - - - EEOC 98,244 96,673 116,706 129,396 152,506 139,074 - 139,074 13,431 91% HUD 81,278 100,097 114,345 230,182 310,383 162,664 - 162,664 147,719 52% Total Expenditures 182,282 196,770 231,051 359,577 462,889 301,739 - 301,739 161,150 65% Expenditures by Type Personnel Salaries & Wages 108,072 121,381 142,532 146,200 142,160 140,262 - 140,262 1,898 99% Fringe Benefits 31,431 46,580 51,677 62,377 64,317 56,327 - 56,327 7,990 88% Total Personnel 139,503 167,962 194,209 208,577 206,477 196,589 - 196,589 9,888 95% Supplies 824 1,280 2,402 12,000 12,000 4,586 - 4,586 7,414 38% Services & Charges Professional Services 21,692 1,667 250 16,400 62,028 8,596 - 8,596 53,432 14% Printing & Advertising 9,323 23,500 12,284 52,000 63,131 38,761 - 38,761 24,370 61% Education & Training 3,503 - 9,675 16,000 22,855 9,855 - 9,855 13,000 43% Travel 7,295 2,068 11,891 23,000 12,419 11,746 - 11,746 673 95% Repair & Maintenance - - - - 400 118 - 118 282 30% Other Services & Charges 141 - - 31,000 54,759 2,789 - 2,789 51,970 5% - 294 340 600 600 481 - 481 119 80% Total Services & Charges 41,955 27,235 34,101 138,400 215,592 71,865 - 71,865 143,727 33% Capital - - - - 28,219 28,218 - 28,218 1 100% Interfund Interfund Allocations - 294 340 600 600 481 - 481 119 80% Interfund Transfers Out - - - - - - - - - - Total Interfund - 294 340 600 600 481 - 481 119 80% Total Expenditures 182,282 196,770 231,051 359,577 462,889 301,739 - 301,739 161,149 65% Net Surplus / (Deficit) (110,322) (161,000) (195,282) (129,577) (297,989) (120,628) (120,628) Beginning Cash Balance 426,544 486,159 426,544 426,544 Cash Adjustments 169,937 101,385 84,260 - Ending Cash Balance 486,159 426,544 315,523 128,556 190,197 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 12/31/2025 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 - - 42,521 42,521 (42,521) - Total Revenue 30,162,781 180,695 180,695 - - 42,521 42,521 (42,521) - 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 23,274 23,274 - 23,274 - 100% Total Expenditures 48,778,388 945,227 9,321,898 24,553 23,274 23,274 - 23,274 - 100% Net Surplus / (Deficit) (18,615,607) (764,532) (9,141,203) (24,553) (23,274) 19,246 19,246 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 29,513,368 1,000,028 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 12/31/2025 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 3,343,933 3,491,265 3,397,412 6,888,677 (3,544,744) 206% Solid Waste Operations Fund (#640) - - - - - - - - - - Water Works Operations Fund (#620) - - - - - - - - - - Sewer Repair Insurance Fund (#640) - - - - - - - - - - Sewer Works Operations Fund (#641) - - - - - - - - - - Project Releaf Fund (#655) - - - - - - - - - - Storm Sewer Fund (#667) - - - - - - - - - - American Rescue Plan (#263)2,697,983 945,227 - 16,962 - 23,274 - 23,274 (23,274) - Total Expenditures by Fund 11,510,393 11,720,302 - 775,200 3,343,933 3,514,539 3,397,412 6,911,952 (3,568,018) 207% Expenditures by ARP Programs Strong Neighborhoods Home Repair Assistance Programs 4,980 1,440 - 16,870 - 43,494 - 43,494 (43,494) - Housing Financing - 121,108 - 143,638 389,669 389,669 1,505,769 1,895,438 (1,505,769) 486% Home Buying Assistance 55 - - - - - - - - - Additional Neighborhood Infrastructure 737,196 1,232,733 - - 167,068 167,068 - 167,068 - 100% City-wide Comprehensive Plan 174,195 105,479 - - 10,000 10,000 - 10,000 - 100% Plan Implementation 17,000 251,541 - - 20,000 20,000 11,400 31,400 (11,400) 157% Land Bank Startup Costs - 27,390 - - - - - - - - Demolitions (Vacant & Abandoned / Commercial) 892,419 128,991 - (89,145) (96,580) 154,551 - 154,551 (251,131) -160% Neighborhood Development Assistance - 0 - - 24,158 24,158 47,842 72,000 (47,842) 298% Vacant Building Development Financing - 500,000 - - - - 1,000,000 1,000,000 (1,000,000) - Neighborhood Recovery Grants - 80,000 - - 92,716 92,716 - 92,716 - 100% Neighborhood Main Streets (Bike Racks, Trash Cans, etc.) 16,840 15,644 - 9,362 84,860 94,222 181,918 276,140 (191,280) 325% Athletic Court Repair 1,009,229 504,772 - - - - - - - - Subtotal 2,851,915 2,969,099 - 80,725 691,891 995,878 2,746,929 3,742,807 (3,050,916) 541% Safe Community for Everyone Homelessness Strategy Implementation 200,000 - - - - - - - - - County Partnerships on Homelessness & Mental Health 1,000,000 5,241,510 - - 90 90 - 90 - 100% Gun Violence Intervention 15,668 63,222 - 9,185 332,238 96,565 - 96,565 235,673 29% Public Safety Technology Upgrades 195,531 814,425 - 439 72,896 72,896 59,948 132,843 (59,948) 182% COVID Response - - - - - - - - - - COVID Facilities Upgrades 66,774 209,033 - 11,413 - 11,413 - 11,413 (11,413) - ARP Premium Pay 1,889,660 - - - - - - - - - Subtotal 3,367,632 6,328,189 - 21,036 405,224 180,964 59,948 240,911 164,312 59% Robust, Sustainable Infrastructure - Green Infrastructure Greener Homes - - - - - - - - - - Solarize, Switch & Save 133,500 91,060 - - - - - - - - Commercial Recycling Partnership for CBD’s - 806 - - 7,166 7,166 4,204 11,369 (4,204) 159% EV Plan & Deployment 2,897 85,277 - - - - - - - - Distributed Solar/Storage 150,000 - - - - - - - - - Subtotal 286,397 177,143 - - 7,166 7,166 4,204 11,369 (4,204) 159% Equitable Access to Opportunity Small Business Assistance - 107,366 - 137,181 862,211 899,815 306,758 1,206,573 (344,363) 140% Utility Relief 1,131,794 868,000 - - - - - - - - Streamlined Assistance 281,613 133,800 - 19,296 27,442 27,442 15,974 43,416 (15,974) 158% Opportunity Fund 54,600 64,434 - 500,000 750,000 750,000 250,000 1,000,000 (250,000) 133% Immigration Support 63,848 37,500 - - - - - - - - Subtotal 1,531,856 1,211,100 - 656,477 1,639,653 1,677,258 572,732 2,249,989 (610,337) 137% Youth and Workforce Development Workforce Development 152,606 44,645 - - - 30,000 13,600 43,600 (43,600) - Dream Center 808,323 945,227 - 16,962 - 23,274 - 23,274 (23,274) - Pre-K Centers 2,511,664 44,898 - - 600,000 600,000 - 600,000 - 100% Subtotal 3,472,593 1,034,770 - 16,962 600,000 653,274 13,600 666,874 (66,874) 111% Total Expenditures by Program 11,510,393 11,720,302 - 775,200 3,343,933 3,514,539 3,397,412 6,911,952 (3,568,019) 207% 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 12/31/2025 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 - 100% Venues, Parks & Arts - - - - - - - - - - Code Enforcement - - - - - - - - - - Building Department - - - - - - - - - - Total Expenditures 525,002 383,405 118,138 - 4,166 4,166 - 4,166 - 100% 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 - 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 525,002 383,405 118,138 - 4,166 4,166 - 4,166 - 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 525,002 383,405 118,138 - 4,166 4,166 - 4,166 - 100% Net Surplus / (Deficit) (64,649) (15,001) 250,265 5,000 834 - - Beginning Cash Balance - 53,214 - - Cash Adjustments 117,864 (38,213) (303,186) - Ending Cash Balance 53,214 - (52,921) 834 - 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 12/31/2025 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 - - - - - - - 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 45,564 - 45,564 - 100% 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 - - - - - - - Total Services & Charges 6,217,414 1,262,722 1,197,249 45,564 45,564 45,564 - 45,564 - 100% 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 45,564 - 45,564 - 100% Net Surplus / (Deficit) (2,184,123) (14,406,179) (1,308,771) (45,564) (45,564) (33,857) (33,857) 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 18,585,681 752,983 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 12/31/2025 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 492,015 581,307 581,307 691,286 691,286 725,737 725,737 (34,451) 105% Intergov./ Shared Revenues 19,615 43,758 43,758 62,613 62,613 26,373 26,373 36,240 42% Interest Earnings 2,505 4,133 4,133 - - 16,315 16,315 (16,315) - Total Revenue 514,135 629,199 629,199 753,899 753,899 768,424 768,424 (14,526) 102% Expenditures by Activity Transfer to Fund 404 143,687 458,333 500,000 500,000 500,000 500,000 - 500,000 - 100% Police Department 367,808 260,548 48,541 391,096 391,096 - - - 391,096 0% Park Capital - - - - - - - - - - Total Expenditures 511,495 718,881 548,541 891,096 891,096 500,000 - 500,000 391,096 56% 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 143,687 458,333 500,000 500,000 500,000 500,000 - 500,000 - 100% Total Expenditures 511,495 718,881 548,541 891,096 891,096 500,000 - 500,000 391,097 56% Beginning Cash Balance 286,746 169,893 286,746 286,746 Cash Adjustments (119,492) 206,535 (78,428) - Ending Cash Balance 169,893 286,746 288,976 149,549 632,711 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 12/31/2025 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 187,765 187,788 187,788 173,274 173,274 153,773 153,773 19,501 89% Interest Earnings 7,039 7,680 7,680 - - 17,214 17,214 (17,214) - Other Income - - - - - - - - - Total Revenue 194,804 195,468 195,468 173,274 173,274 170,988 170,988 2,287 99% Expenditures by Activity Transfer to Fund 404 239,341 275,000 75,000 75,000 75,000 75,000 - 75,000 - 100% 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 75,000 - 75,000 - 100% Expenditures by Type Capital 246,116 996 - - - - - - - - Interfund Transfers Out 239,341 275,000 75,000 75,000 75,000 75,000 - 75,000 - 100% Total Expenditures 485,457 275,996 75,000 75,000 75,000 75,000 - 75,000 - 100% Net Surplus / (Deficit) (290,653) (80,528) 120,468 98,274 98,274 95,988 95,988 Beginning Cash Balance 651,096 676,798 651,096 651,096 Cash Adjustments 316,355 54,826 (412,544) - Ending Cash Balance 676,798 651,096 359,020 749,370 478,634 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 12/31/2025 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 17,267,366 17,267,366 506,782 97% Intergov./ Grants - 44,703 44,703 - - 54,467 54,467 (54,467) - Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 353,542 750,667 750,667 177,628 177,628 1,213,293 1,213,293 (1,035,665) 683% Donations 67,950 7,500 7,500 - - 5,000 5,000 (5,000) - 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 18,540,126 18,540,126 (587,850) 103% Expenditures by Activity General City 2,834,071 64,117 2,792,305 6,170,506 7,770,499 9,718,109 - 9,718,109 (1,947,610) 125% PSAP - - - - - - - - - - Community Investment 5,741,067 6,783,252 5,849,366 7,084,718 7,169,925 5,565,619 - 5,565,619 1,604,306 78% Neighborhoods 3,562,633 3,839,034 6,405,002 10,358,998 8,959,796 7,118,776 - 7,118,776 1,841,020 79% Streets 1,257,250 2,379,999 396,395 6,922,910 6,815,104 1,808,295 - 1,808,295 5,006,809 27% 2015 Park Bonds 374,474 308,421 430,191 382,031 382,031 374,305 - 374,305 7,726 98% 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 32,209,256 25,647,605 - 25,647,605 6,561,651 80% Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services 380,420 489,734 583,421 496,164 906,229 929,834 - 929,834 (23,605) 103% Printing & Advertising 8,644 1,969 1,000 10,027 10,027 1,099 - 1,099 8,928 11% Utilities 47,538 41,208 159,322 74,285 389,285 460,241 - 460,241 (70,956) 118% Repairs & Maintenance 1,526,173 2,411,278 530,650 2,152,517 2,391,185 2,336,974 - 2,336,974 54,212 98% Grants & Subsidies 2,817,950 3,696,740 2,651,419 4,667,380 2,874,307 2,193,391 - 2,193,391 680,917 76% Other Services & Charges 39,675 123,986 383,561 1,148,973 658,032 663,481 - 663,481 (5,449) 101% 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 7,548,066 6,903,019 - 6,903,019 645,047 91% Capital 3,003,653 324,647 498,495 6,187,786 7,686,259 7,690,380 - 7,690,380 (4,121) 100% Interfund Transfers Out 6,520,192 8,029,012 11,727,141 16,974,931 16,974,931 11,054,205 - 11,054,205 5,920,726 65% Total Expenditures 14,677,096 15,453,823 16,862,259 32,031,064 32,209,256 25,647,605 - 25,647,605 6,561,652 80% Net Surplus / (Deficit) (1,386,195) 3,011,033 1,602,596 (14,078,788) (14,256,980) (7,107,479) (7,107,479) 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 10,538,373 23,094,870 Cash Reserves Target 7,338,548 7,726,911 8,431,130 16,104,628 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 12/31/2025 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 12/31/2025 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 17,118 17,118 (1,847) 112% 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 9,822,618 - 9,822,618 (3,601,828) 158% Expenditures by Type Services & Charges Debt Service Principal 2,030,000 2,205,000 2,300,000 3,105,000 3,835,000 3,835,000 - 3,835,000 - 100% Interfund Transfers - - - - - 5,959,691 - 5,959,691 (5,959,691) - Debt Service Interest & Fees 1,012,027 1,447,309 2,386,781 3,628,009 5,964,691 3,070,500 - 3,070,500 2,894,191 51% Total Expenditures 3,042,027 3,652,309 4,686,781 6,733,009 9,799,691 12,865,191 - 12,865,191 (3,065,500) 131% Net Surplus / (Deficit) 16,328 (32,909,585) (33,944,058) (512,218) (3,578,901) (3,042,573) (3,042,573) 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 (3,336,476) 2,124,637 Cash Reserves Target 232,423 242,425 258,753 (3,336,476) 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 12/31/2025 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 - - 2,991 2,991 (2,991) - 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 1,447,991 1,447,991 (19,386) 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 554,716 557,118 514,543 480,605 480,605 479,955 - 479,955 650 100% Total Services & Charges 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 1,429,955 - 1,429,955 650 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 1,429,955 - 1,429,955 650 100% Net Surplus / (Deficit) (12,468) 19,377 796,952 (2,000) (2,000) 18,036 18,036 Beginning Cash Balance 224,375 833,535 224,375 224,375 Cash Adjustments 621,627 (628,537) (809,420) - Ending Cash Balance 833,535 224,375 211,908 222,375 267,419 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 12/31/2025 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 20,605,180 20,605,180 379,624 98% 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 7,676,757 7,676,757 (7,273,907) 1906% Charges for Services - - - - - - - - - Interest Earnings 431,088 868,831 868,831 1,086,498 1,086,498 1,281,990 1,281,990 (195,492) 118% Donations - - - - - - - - - Debt Proceeds - - - - - - - - - Other Income 167,125 68,639 68,639 133,500 133,500 201,682 201,682 (68,182) 151% Interfund Transfers In 16 8 8 - - - - - - Total Revenue 17,733,155 21,214,018 21,214,018 22,891,152 22,891,152 30,150,609 30,150,609 (7,259,457) 132% Expenditures by Type Services & Charges Professional Services 669,160 761,913 2,614,706 5,508,406 4,685,621 4,810,883 - 4,810,883 (125,262) 103% Debt Service Principal 3,711,202 3,874,615 4,054,615 1,207,742 1,207,742 1,155,386 - 1,155,386 52,356 96% Debt Service Interest & Fees 812,903 641,646 470,510 309,548 438,427 378,488 - 378,488 59,939 86% Other Services & Charges 250,000 225,000 2,421,357 2,128,643 (912,291) 1,217,940 - 1,217,940 (2,130,231) -134% Total Services & Charges 5,443,266 5,503,174 9,561,189 9,154,339 5,419,499 7,562,697 - 7,562,697 (2,143,198) 140% Capital 6,103,348 12,780,071 26,014,116 14,776,988 8,734,497 8,869,257 - 8,869,257 (134,760) 102% Interfund Transfers Out 4,710,000 4,270,800 3,670,300 5,116,281 5,116,281 5,438,570 - 5,438,570 (322,289) 106% Total Expenditures 16,256,613 22,554,045 39,245,605 29,047,608 19,270,277 21,870,523 - 21,870,523 (2,600,247) 113% Net Surplus / (Deficit) 1,476,541 (1,340,027) (18,031,586) (6,156,456) 3,620,875 8,280,086 8,280,086 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 12/31/2025 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 308,363 490,344 490,344 667,151 667,151 521,276 521,276 145,875 78% Interest Earnings 18,135 45,603 45,603 49,974 49,974 62,486 62,486 (12,512) 125% Other Income - - - - - - - - - Total Revenue 326,498 535,947 535,947 717,125 717,125 583,762 583,762 133,363 81% Expenditures by Type Services & Charges Professional Services - - 1,140,000 - - - - - - - Other Services & Charges - - - 150,000 61,925 61,925 - 61,925 - 100% Total Services & Charges - - 1,140,000 150,000 61,925 61,925 - 61,925 - 100% Capital 113,570 99,745 68,357 - 112,455 112,455 - 112,455 - 100% Total Expenditures 113,570 99,745 1,208,357 150,000 174,380 174,380 - 174,380 - 100% Net Surplus / (Deficit) 212,928 436,202 (672,410) 567,125 542,745 409,382 409,382 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 1,777,776 1,755,986 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 12/31/2025 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 8,125,754 8,125,754 (642,332) 109% Interest Earnings 146,645 360,139 360,139 479,114 479,114 901,028 901,028 (421,914) 188% Parking Income - - - - - 4,680 4,680 (4,680) - 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 9,031,462 9,031,462 (1,068,926) 113% Expenditures by Type Services & Charges Professional Services 428,035 371,517 209,827 1,169,331 2,836,810 2,880,962 - 2,880,962 (44,153) 102% Insurance - - - - - - - - - - Other Services & Charges - - 802,983 1,072,017 1,132,520 1,132,520 - 1,132,520 - 100% 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 4,495,530 5,208,412 - 5,208,412 (712,883) 116% Capital 1,549,275 3,232,307 3,379,725 5,274,666 2,413,860 2,413,860 - 2,413,860 - 100% Total Expenditures 1,977,310 3,834,024 5,176,736 8,042,214 6,909,390 7,622,273 - 7,622,273 (712,883) 110% Net Surplus / (Deficit) 2,395,513 2,744,012 1,401,301 (79,678) 1,053,146 1,409,189 1,409,189 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 10,559,591 22,251,787 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 12/31/2025 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 3,441,587 3,441,587 (72,429) 102% Interest Earnings 200,851 411,769 411,769 409,258 409,258 360,601 360,601 48,657 88% Other Income - 691,010 691,010 - - - - - - Total Revenue 2,946,528 4,089,697 4,089,697 3,778,416 3,778,416 3,802,188 3,802,188 (23,772) 101% Expenditures by Type Services & Charges Professional Services 176,193 568,771 277,394 135,478 226,688 226,688 - 226,688 - 100% Total Services & Charges 176,193 568,771 277,394 135,478 226,688 226,688 - 226,688 - 100% Capital 2,057,679 5,879,206 7,756,642 4,372,263 2,771,915 2,784,310 - 2,784,310 (12,395) 100% Total Expenditures 2,233,872 6,447,977 8,034,036 4,507,741 2,998,603 3,010,998 - 3,010,998 (12,395) 100% Net Surplus / (Deficit) 712,656 (2,358,280) (3,944,340) (729,325) 779,813 791,191 791,191 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 15,252,995 9,401,229 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 12/31/2025 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 308,581 233,288 233,288 402,862 402,862 278,701 278,701 124,161 69% Interest Earnings 3,018 12,570 12,570 22,958 22,958 41,108 41,108 (18,150) 179% Total Revenue 311,600 245,859 245,859 425,820 425,820 319,809 319,809 106,011 75% Expenditures by Type Services & Charges Professional Services 1,308 - - 74,175 - - - - - - Other Services & Charges - - - Total Services & Charges 1,308 - - 74,175 - - - - - - Capital - - - 349,000 348,434 348,434 - 348,434 - 100% Interfund Transfers Out 209,147 - - - - - - - - - Total Expenditures 210,455 - - 423,175 348,434 348,434 - 348,434 - 100% Net Surplus / (Deficit) 101,145 245,859 245,859 2,645 77,386 (28,625) (28,625) Beginning Cash Balance 257,579 93,140 257,579 257,579 Cash Adjustments (265,585) (81,419) (145,504) - Ending Cash Balance 93,140 257,579 357,934 334,966 951,912 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 12/31/2025 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 7,368,486 7,368,486 529,192 93% Interest Earnings 56,636 157,758 157,758 274,784 274,784 421,658 421,658 (146,874) 153% Total Revenue 6,324,854 7,385,974 7,385,974 8,172,462 8,172,462 7,790,145 7,790,145 382,318 95% 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 2,427,195 534,673 399,305 399,305 - 399,305 Total Services & Charges 506,328 832,960 2,577,949 657,565 522,197 520,197 - 520,197 2,000 100% 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 4,946,929 4,945,322 - 4,945,322 1,606 100% Net Surplus / (Deficit) 1,422,151 2,149,139 393,149 3,090,166 3,225,533 2,844,822 2,844,822 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 8,655,502 12,976,450 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 12/31/2025 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 9,025 9,025 (8,891) 6735% Total Revenue 10,084 30,526 30,526 134 134 9,025 9,025 (8,891) 6735% 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 9,025 9,025 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 92,654 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 12/31/2025 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 15,088 15,088 (14,864) 6736% Total Revenue 16,859 51,035 51,035 224 224 15,088 15,088 (14,864) 6736% 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 15,088 15,088 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 1,739,719 154,904 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 12/31/2025 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 49,539 49,539 (28,177) 232% Total Revenue 14,409 30,515 30,515 21,362 21,362 49,539 49,539 (28,177) 232% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 14,409 30,515 30,515 21,362 21,362 49,539 49,539 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 1,173,216 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 12/31/2025 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 12/31/2025 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 16 16 6,654 0% Interfund Transfers In - - - - - - - - - Total Revenue 16 16 16 6,670 6,670 16 16 6,654 0% Expenditures by Type Interfund Transfers Out 16 8 - - - - - - - - Total Expenditures 16 8 - - - - - - - - Net Surplus / (Deficit) - 8 16 6,670 6,670 16 16 Beginning Cash Balance 326,944 326,939 326,944 326,944 Cash Adjustments (5) (3) (16) - Ending Cash Balance 326,939 326,944 326,944 333,614 326,985 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 12/31/2025 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 98,249 114,424 114,424 147,726 147,726 (33,302) 129% 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 2,733,775 2,733,775 (738,851) 137% Expenditures by Type Services & Charges Professional Services - 10,006 19,983 75,173 4,500 600 - 600 3,900 13% Grants & Subsidies 460,417 1,397,903 704,482 1,739,130 1,307,891 1,295,602 - 1,295,602 12,289 99% Total Services & Charges 460,417 1,407,909 724,465 1,814,303 1,312,391 1,296,202 - 1,296,202 16,189 99% Capital - - - 120,000 - - - - - - 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 2,067,903 2,060,202 - 2,060,202 7,701 100% Net Surplus / (Deficit) 577,485 (516,895) 166,049 (694,892) (72,979) 673,573 673,573 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 3,115,015 4,106,936 Cash Reserves Target 210,479 542,727 371,991 516,976 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 12/31/2025 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 155 328 328 230 230 533 533 (303) 232% Total Revenue 155 328 328 230 230 533 533 (303) 232% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 155 328 328 230 230 533 533 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 12,624 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 12/31/2025 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 5,180 5,180 (4,125) 491% Total Revenue 33,275 67,016 67,016 1,055 1,055 5,180 5,180 (4,125) 491% 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) (71,495) (71,495) 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 2,357,615 101,250 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 12/31/2025 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 19,629 19,629 (11,168) 232% Total Revenue 5,709 12,091 12,091 8,461 8,461 19,629 19,629 (11,168) 232% 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 19,629 19,629 Beginning Cash Balance 410,393 407,982 410,393 410,393 Cash Adjustments (8,120) (9,680) (7,726) - Ending Cash Balance 407,982 410,393 414,758 418,854 464,861 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 12/31/2025 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 - - - - - 662,426 662,426 (662,426) - Total Revenue - 40,213,563 40,213,563 - - 662,426 - 662,426 - - 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 5,378,236 5,368,586 - 5,368,586 9,651 100% Interfund Transfers Out - - - - - - - - - - Total Interfund - 6,325,379 5,520,906 15,296,320 5,378,236 5,368,586 - 5,368,586 9,651 100% Total Expenditures - 6,815,738 5,520,906 15,296,320 5,378,236 5,368,586 - 5,368,586 9,651 100% Net Surplus / (Deficit) - 33,397,825 34,692,657 (15,296,320) (5,378,236) (4,706,160) (4,706,160) Beginning Cash Balance - - - - Cash Adjustments - (33,397,825) (34,692,657) - Ending Cash Balance - - - (5,378,236) 18,562,546 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 12/31/2025 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 - - - - - 418,799 418,799 (418,799) - Total Revenue - - - - - 418,799 - 418,799 - - Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services - - - - - 17,193 - 17,193 (17,193) - Debt Service Interest & Fees - - - 45,000 7,193 - - - 7,193 0% Total Services & Charges - - - 45,000 7,193 17,193 - 17,193 (10,000) 239% Capital - - 71,735 14,724,750 2,418,544 2,418,544 - 2,418,544 - 100% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - - 71,735 14,769,750 2,425,737 2,435,737 - 2,435,737 (10,000) 100% Net Surplus / (Deficit) - - (71,735) (14,769,750) (2,425,737) (2,016,938) (2,016,938) Beginning Cash Balance - - - - Cash Adjustments - - 71,735 - Ending Cash Balance - - - (2,425,737) 15,406,309 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 12/31/2025 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 - - - - - 911,610 911,610 (911,610) - Total Revenue - - - - - 911,610 - 911,610 - - 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 24,185,074 24,185,074 - 24,185,074 - 100% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - - 2,027,334 43,538,668 24,195,174 24,185,074 - 24,185,074 10,100 100% Net Surplus / (Deficit) - - (2,027,334) (43,538,668) (24,195,174) (23,273,464) (23,273,464) Beginning Cash Balance - - - - Cash Adjustments - - 2,027,334 - Ending Cash Balance - - - (24,195,174) 20,913,977 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.