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Home My WebLink About2026-03 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 3/31/2026 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) March 2026 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, 2026 through March 31, 2026 Beginning 2026 2026 Plus/(Minus)Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2026 Revenue Expenditures Adjustments (Deficit)3/31/2026 Requirement Reserve Req. City Controlled Funds 101 General Fund 79,957,382 12,146,578 31,969,995 (564,033) (20,387,450) 59,569,932 71,253,234 (11,683,302) Special Revenue Funds 102 Rainy Day 12,358,080 104,375 - - 104,375 12,462,455 3,307,398 9,155,057 201 Parks & Recreation 4,377,559 3,602,536 6,152,706 (2,434,943) (4,985,112) (607,554) 7,231,894 (7,839,448) 202 Motor Vehicle Highway 1,630,401 3,605,557 5,021,567 53,732 (1,362,278) 268,123 5,388,722 (5,120,599) 209 Studebaker-Oliver Revitalizing Grants 564,869 4,764 1,993 - 2,771 567,641 - - 210 Economic Development State Grants (66,903) - - - - (66,903) - - 211 Dept of Community Investment Operating 98 1,279,957 1,281,204 1,167 (79) 19 - - 212 Dept of Community Investment Grants (4,361) 992,902 691,900 (122,350) 178,653 174,292 - - 216 Police State Seizures 408,890 87,688 - (409) 87,279 496,169 5,500 490,669 217 Gift, Donation, Bequest 2,199,120 58,291 141,325 1,397 (81,637) 2,117,484 - - 218 Police Curfew Violations - - - - - - - - 219 Unsafe Building 1,136,248 73,947 15,848 1,395 59,495 1,195,743 - - 220 Law Enforcement Continuing Education 229,328 475,962 89,045 178 387,095 616,423 186,452 429,971 221 Rental Units Regulation 609,615 99,337 7,615 2,545 94,267 703,882 - - 227 Loss Recovery 3,605,705 30,100 156,000 - (125,900) 3,479,805 - - 230 Code Enforcement 6,774 1,525,112 1,508,067 (21,812) (4,766) 2,008 - - 249 Local Income Tax - Public Safety 5,065,843 2,863,865 3,974,179 - (1,110,314) 3,955,529 - - 251 Local Road & Street 2,163,184 536,749 318,057 (13,500) 205,192 2,368,376 - - 257 LOIT Special Distribution 32,754 277 - - 277 33,031 - - 258 Human Rights Federal Grants 190,197 25,399 85,633 1,837 (58,397) 131,800 - - 263 American Rescue Plan 1,000,028 8,446 1,153 - 7,293 1,007,322 - - 264 COVID-19 Response - - - - - - - - 265 Local Road & Bridge Grant 85 1,000,000 135,120 - 864,880 864,965 - - 266 MVH Restricted 1,362,573 709,529 469,711 19,533 259,351 1,621,925 - - 273 Morris PAC / Palais Royale Marketing - - - - - - - - 274 Morris PAC Self-Promotion - - - - - - - - 280 Police Block Grants - - - - - - - - 289 Haz-Mat 65,488 4,184 - 38,652 42,836 108,324 - - 291 Indiana River Rescue 658,970 61,481 26,416 8,838 43,902 702,872 10,153 692,719 292 Police Grants - - - - - - - - 294 Regional Police Academy - - - - - - - - 295 COPS MORE Grant 20,876 - - - - 20,876 - - 299 Police Federal Drug Enforcement 302,946 549 1,510 - (961) 301,985 74,150 227,835 404 Local Income Tax - Certified Shares 752,983 3,415 - - 3,415 756,398 - - 408 Local Income Tax - Economic Development 23,094,870 4,218,521 6,798,562 (10,939) (2,590,980) 20,503,890 13,092,369 7,411,521 410 Urban Development Action Grant 75,085 634 - - 634 75,719 - - 655 Project ReLeaf 642,888 119,611 82,318 1,017 38,310 681,198 114,044 567,153 705 Police K-9 Unit - - - - - - - - 709 Payroll Clearing (3,661,057) - - 3,333,162 3,333,162 (327,895) - - 730 City Cemetery 34,229 289 - - 289 34,518 - - 731 Bowman Cemetery 538,461 4,548 - - 4,548 543,008 400,000 143,008 754 Industrial Revolving Fund 4,401,255 (573,682) 30,566 (178,744) (782,992) 3,618,263 - - Total Special Revenue Funds 63,797,081 20,924,345 26,990,494 680,758 (5,385,391) 58,411,690 29,810,684 6,157,886 Debt Service Funds 312 2017 Parks Bond Debt Service 155,398 605 575,108 - (574,503) (419,105) - - 350 2018 Fire Station #9 Bond Debt Service 1 171,378 169,741 - 1,637 1,638 - - 672 Century Center Energy Conservation Debt Svc 137,433 223,602 - - 223,602 361,035 - - 752 South Bend Redevelopment Authority 2,124,637 5,377,414 5,453,867 - (76,453) 2,048,183 2,048,183 - 755 South Bend Building Corporation 267,419 725,350 871,996 - (146,646) 120,773 120,773 - 756 2015 Smart Streets Bond Debt Service 1,758,515 857,024 852,334 - 4,689 1,763,205 1,763,205 - 757 2015 Parks Bond Debt Service 561,289 93,409 187,591 - (94,181) 467,108 467,108 - 760 2017 Eddy Street Commons Bond Debt Service 3,669,362 978,797 978,750 - 47 3,669,409 2,500,000 1,169,409 Total Debt Service Funds 8,674,054 8,427,579 9,089,387 - (661,808) 8,012,246 6,899,269 1,169,409 Capital Funds 287 Fire Department Capital 296,796 29,795 1,489,156 - (1,459,360) (1,162,565) - - 401 Coveleski Stadium Capital 24,258 205 - - 205 24,463 - - 406 Cumulative Capital Development 632,711 5,155 125,000 - (119,845) 512,865 - - 407 Cumulative Capital Improvement 478,634 4,014 18,750 - (14,736) 463,898 - - 412 Major Moves Construction 599,887 65,478 83,910 - (18,432) 581,456 - - 413 Professional Sports Convention Development Area 8,491,133 1,918,937 4,360,500 (600,875) (3,042,438) 5,448,695 - - 416 Morris Performing Arts Center Capital 64,663 546 116,000 - (115,454) (50,791) - - 450 Palais Royale Historic Preservation 187,563 8,653 - 1,143 9,797 197,360 - - 451 2018 Fire Station #9 Bond Capital 358,042 3,024 - - 3,024 361,066 - - 453 Zoo Bond Capital - - - - - - - - 455 2021 Infrastructure Bond Capital 296,419 2,504 - - 2,504 298,922 - - 471 2017 Parks Bond Capital 589,470 4,978 - (193) 4,785 594,255 - - 750 Equipment/Vehicle Leasing - - - - - - - - 759 2017 Eddy Street Commons Bond Capital 25,768 0 - - 0 25,768 - - Total Capital Funds 12,045,343 2,043,290 6,193,315 (599,924) (4,749,950) 7,295,393 - - City of South Bend Report of Changes in Cash Balance January 1, 2026 through March 31, 2026 Beginning 2026 2026 Plus/(Minus)Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2026 Revenue Expenditures Adjustments (Deficit)3/31/2026 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,782,202 466,986 434,129 (855) 32,003 2,814,205 516,300 2,297,905 601 Parking Garages 29,464 442,443 536,614 (80,179) (174,351) (144,887) 364,952 (509,839) 602 Morris Performing Arts Center Operations 566,106 308,433 450,048 86,529 (55,086) 511,020 210,649 300,371 610 Solid Waste Operations 1,765,924 1,897,737 2,454,722 86,763 (470,221) 1,295,702 919,373 376,329 611 Solid Waste Capital 262 757,537 617,702 - 139,836 140,098 - - 620 Water Works Operations 17,098,561 5,180,153 6,434,074 108,114 (1,145,808) 15,952,753 1,322,663 14,630,090 622 Water Works Capital 16,288,847 144,186 2,521,396 164,453 (2,212,758) 14,076,090 - - 624 Water Works Customer Deposit 1,467,216 12,398 - 113 12,511 1,479,727 1,479,727 - 625 Water Works Sinking (Debt Service)1,143,566 1,205,072 1,297,757 - (92,685) 1,050,881 - - 626 Water Works Bond Reserve 1,825,129 47,695 - - 47,695 1,872,824 1,872,824 - 629 Water Works Operations & Maintenance Reserve 3,302,748 27,895 - - 27,895 3,330,642 3,674,236 (343,593) 640 Sewer Repair Insurance 1,274,203 189,941 257,248 1,215 (66,092) 1,208,111 343,654 864,457 641 Sewage Works Operations 43,994,137 11,953,978 12,902,582 (92,894) (1,041,498) 42,952,640 2,314,420 40,638,220 642 Sewage Works Capital 942,581 2,668,908 3,389,875 (221,354) (942,321) 260 - - 643 Sewage Works Operations & Maintenance Reserve 6,261,345 52,883 - - 52,883 6,314,228 6,229,129 85,099 649 Sewage Sinking (Debt Service)249 1,542,065 - - 1,542,065 1,542,315 - - 653 Sewage Debt Service Reserve 5,107,424 139,751 - - 139,751 5,247,175 5,247,175 - 654 Sewage Works Customer Deposit 1,748,352 14,842 - 29,410 44,252 1,792,604 1,792,604 - 667 Storm Sewer 2,348,166 362,163 157,472 (18,755) 185,936 2,534,102 - - 670 Century Center Operations 417,471 65,000 159,315 (90,699) (185,014) 232,457 106,781 125,677 671 Century Center Capital 1,537,941 414,804 - - 414,804 1,952,744 800,000 1,152,744 Total Enterprise Funds 109,901,897 27,894,870 31,612,934 (28,141) (3,746,205) 106,155,692 27,194,486 106,155,692 Internal Service Funds 222 Central Services 25,904 2,294,538 2,784,862 173,976 (316,349) (290,445) - - 226 Liability Insurance 8,115,128 1,042,144 1,138,556 21,910 (74,503) 8,040,625 2,162,639 5,877,986 278 Police Take Home Vehicle 1,058,663 28,874 - - 28,874 1,087,536 750,000 337,536 279 IT / Innovation / 311 Call Center 7,230,964 3,904,812 3,859,447 (243,855) (198,490) 7,032,474 - - 711 Self-Funded Employee Benefits 6,736,883 4,982,372 5,270,669 3,403 (284,893) 6,451,990 5,030,631 1,421,359 713 Unemployment Compensation 3,573 11,501 15,278 - (3,777) (205) 20,625 (20,830) 714 Parental Leave 1,118,424 95,294 48,560 - 46,735 1,165,159 8,000 1,157,159 Total Internal Service Funds 24,289,538 12,359,534 13,117,372 (44,566) (802,404) 23,487,134 7,971,895 8,773,210 Fiduciary Funds 701 Fire Pension 31,457 122 1,036,108 - (1,035,985) (1,004,528) 452,875 (1,457,403) 702 Police Pension 530,657 2,085 1,547,722 - (1,545,637) (1,014,980) 598,990 (1,613,970) 718 State Tax Withholding Fund 3,435,375 - - (3,167,384) (3,167,384) 267,991 267,991 - 725 Morris / Palais Box Office 1,035,768 - - (328,282) (328,282) 707,486 707,486 - 726 Police Distributions Payable 831,364 - - (421,075) (421,075) 410,289 410,289 - Total Fiduciary Funds 5,864,621 2,207 2,583,830 (3,916,741) (6,498,363) (633,742) 2,437,631 (3,071,373) Total City Controlled Funds 304,529,914 83,798,403 121,557,325 (4,472,647) (42,231,569) 262,298,345 145,567,198 107,501,522 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 36,524,968 1,247,272 9,511,086 26,397 (8,237,417) 28,287,550 - - 422 TIF - West Washington 1,755,986 13,833 483,082 175,226 (294,024) 1,461,963 - - 429 TIF - River East Development Area (NE Dev)22,251,787 181,624 2,400,610 16,600 (2,202,386) 20,049,401 - - 430 TIF - Southside Development Area #1 9,401,229 78,609 385,050 4,900 (301,541) 9,099,688 - - 435 TIF - Douglas Road 951,912 8,040 - - 8,040 959,952 - - 436 TIF - River East Residential Area (NE Res)12,976,450 99,426 2,308,570 - (2,209,144) 10,767,306 - - Total Tax Increment Financing Funds 83,862,332 1,628,804 15,088,398 223,122 (13,236,472) 70,625,860 - - Redevelopment Funds 433 Redevelopment General 4,106,936 3,080,448 778,916 (8,917) 2,292,615 6,399,551 602,207 5,797,344 439 Certified Technology Park 12,624 107 - - 107 12,731 - - 452 2018 TIF Park Bond Capital 101,250 855 - - 855 102,105 - - 454 Airport Urban Enterprise Zone 464,861 3,926 - - 3,926 468,787 - - 456 2023 South Bend Redevelopment Authority 18,562,546 114,413 443,074 3,487 (325,174) 18,237,372 - - 457 2024 South Bend Redevelopment Authority 15,406,309 72,347 226,602 122,631 (31,625) 15,374,684 - - 458 458 2024 RDA Bond Proceeds (Four Winds)20,913,977 102,273 9,100,219 - (8,997,946) 11,916,032 - - Total Redevelopment Funds 59,568,504 3,374,369 10,548,812 117,201 (7,057,242) 52,511,263 602,207 5,797,344 Debt Service Funds 315 Airport 2003 Debt Reserve 92,654 783 - - 783 93,437 93,437 - 328 SBCDA 2003 Debt Reserve 154,904 1,308 - - 1,308 156,212 156,212 - 351 2018 TIF Park Bond Debt Service 1,173,216 9,909 - - 9,909 1,183,125 1,183,125 - 352 2019 South Shore Double Tracking Debt Service 30,831 515,502 512,625 - 2,877 33,708 33,708 - 353 2020 TIF Library Bond Debt Service Reserve 326,985 4 - - 4 326,990 326,990 - Total Debt Service Funds 1,778,590 527,506 512,625 - 14,880 1,793,471 1,793,471 - Total Redevelopment Commission Funds 145,209,427 5,530,679 26,149,835 340,323 (20,278,834) 124,930,594 2,395,679 5,797,344 Grand Total 449,739,342 89,329,082 147,707,160 (4,132,324) (62,510,403) 387,228,939 147,962,877 113,298,866 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy Under Reserve Requirement 101 General Fund 59,569,932 8,142,239 51,427,693 71,253,234 (19,825,542) 36%Property tax distribution received in June & Dec 50% of Annual expenditures 201 Parks & Recreation (607,554) 2,549,864 (3,157,418) 7,231,894 (10,389,312) -11%Property tax distribution received in June & Dec 25% of Annual expenditures 202 Motor Vehicle Highway 268,123 3,088,194 (2,820,071) 5,388,722 (8,208,794) -13%Under reserve requirement. Gas and wheel tax distributions received monthly.25% of Annual expenditures 299 Police Federal Drug Enforcement 301,985 295,000 6,985 74,150 (67,165) 2%Funds revenue stream may fluctuate. 25% of Annual expenditures 601 Parking Garages (144,887) 65,880 (210,768) 364,952 (575,719) -14%Under reserve requirement 25% of Annual expenditures 610 Solid Waste Operations 1,295,702 1,309,055 (13,353) 919,373 (932,726) 0%Under reserve requirement 10% of Annual expenditures 629 Water Works Operations & Maintenance Reserve 3,330,642 - 3,330,642 3,674,236 (343,593) 15%Subsidy transfer required 16.67% of annual operating expenses in Fund 620, net of transfers 701 Fire Pension (1,004,528) 3,500 (1,008,028) 452,875 (1,460,903) -22%Pension payments are received in June & September 10% of Annual expenditures 702 Police Pension (1,014,980) 3,500 (1,018,480) 598,990 (1,617,470) -17%Pension payments are received in June & September 10% of Annual expenditures 711 Self-Funded Employee Benefits 6,451,990 3,308,344 3,143,645 5,030,631 (1,886,985) 16%Under reserve requirement 25% of Annual expenditures 713 Unemployment Compensation (205) - (205) 20,625 (20,830) 0%Slightly under reserve requirement. Allocation % will be adjusted to meet anticipated claims.25% of Annual expenditures Under Reserve Requirement Total 68,446,220$ 18,765,577$ 49,680,643$ 95,009,682$ (45,329,039)$ Meets or Exceeds Requirement 102 Rainy Day 12,462,455 - 12,462,455 3,307,398 9,155,057 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out 216 Police State Seizures 496,169 - 496,169 5,500 490,669 2255%25% of Annual expenditures 220 Law Enforcement Continuing Education 616,423 134,279 482,143 186,452 295,691 65%Under reserve requirement. Expenditure to be covered by 2025 JAG Grant to satisfy cash reserve.25% of Annual expenditures 226 Liability Insurance 8,040,625 403,809 7,636,816 2,162,639 5,474,177 177%50% of Annual expenditures 278 Police Take Home Vehicle 1,087,536 - 1,087,536 750,000 337,536 100%Set dollar amount of $750,000 289 Haz-Mat 108,324 - 108,324 - 108,324 100%25% of Annual expenditures 291 Indiana River Rescue 702,872 62,251 640,621 10,153 630,468 1577%25% of Annual expenditures 315 Airport 2003 Debt Reserve 93,437 - 93,437 93,437 - 100%100% debt service reserve per bond covenants 328 SBCDA 2003 Debt Reserve 156,212 - 156,212 156,212 - 100%100% debt service reserve per bond covenants 351 2018 TIF Park Bond Debt Service 1,183,125 - 1,183,125 1,183,125 - 100% 100% debt service reserve per bond covenants 353 2020 TIF Library Bond Debt Service Reserve 326,990 - 326,990 326,990 - 100%100% debt service reserve per bond covenants 408 Local Income Tax - Economic Development 20,503,890 3,975,898 16,527,992 13,092,369 3,435,623 63%50% of Annual expenditures 433 Redevelopment General 6,399,551 965,265 5,434,286 602,207 4,832,078 226%25% of Annual expenditures 600 Consolidated Building 2,814,205 2,199 2,812,006 516,300 2,295,706 136%25% of Annual expenditures 602 Morris Performing Arts Center Operations 511,020 67,091 443,929 210,649 233,280 21%10% of Annual expenditures 620 Water Works Operations 15,952,753 1,828,612 14,124,142 1,322,663 12,801,478 53%5% of Annual expenditures 624 Water Works Customer Deposit 1,479,727 - 1,479,727 1,479,727 - 100%100% cash reserves for customer deposits 626 Water Works Bond Reserve 1,872,824 - 1,872,824 1,872,824 - 100%100% cash reserves per bond covenants 640 Sewer Repair Insurance 1,208,111 442,124 765,987 343,654 422,333 56%25% of Annual expenditures 3/31/2026 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 3/31/2026 641 Sewage Works Operations 42,952,640 2,414,467 40,538,173 2,314,420 38,223,753 88%5% of Annual expenditures 643 Sewage Works Operations & Maintenance Reserve 6,314,228 - 6,314,228 6,229,129 85,099 17%16.67% of annual operating expenses in Fund 641, net of transfers 653 Sewage Debt Service Reserve 5,247,175 - 5,247,175 5,247,175 - 100%100% cash reserves per bond covenants 654 Sewage Works Customer Deposit 1,792,604 - 1,792,604 1,792,604 - 100%100% cash reserves for customer deposits 655 Project ReLeaf 681,198 1,066 680,132 114,044 566,087 149%25% of Annual expenditures 670 Century Center Operations 232,457 6,200 226,257 106,781 119,477 53%25% of Annual expenditures 671 Century Center Capital 1,952,744 70,329 1,882,415 800,000 1,082,415 138%$800,000 Minimum per Board of Managers 714 Parental Leave 1,165,159 - 1,165,159 8,000 1,157,159 1165%8% of Annual expenditures - one month reserve 718 State Tax Withholding Fund 267,991 - 267,991 267,991 - 100%100% cash reserves - trust & agency funds 725 Morris / Palais Box Office 707,486 - 707,486 707,486 - 100%100% cash reserves - trust & agency funds 726 Police Distributions Payable 410,289 - 410,289 410,289 - 100%100% cash reserves - trust & agency funds 730 City Cemetery 34,518 - 34,518 - 34,518 100%25% of Annual expenditures 731 Bowman Cemetery 543,008 - 543,008 400,000 143,008 100%$400,000 minimum 752 South Bend Redevelopment Authority 2,048,183 - 2,048,183 2,048,183 - 100%100% cash reserves per bond covenants 755 South Bend Building Corporation 120,773 - 120,773 120,773 - 100%100% cash reserves per bond covenants 756 2015 Smart Streets Bond Debt Service 1,763,205 - 1,763,205 1,763,205 - 100%100% cash reserves per bond covenants 757 2015 Parks Bond Debt Service 467,108 - 467,108 467,108 - 100%100% cash reserves per bond covenants 760 2017 Eddy Street Commons Bond Debt Service 3,669,409 - 3,669,409 2,500,000 1,169,409 188%$2,500,000 minimum Meets or Exceeds Requirement Total 146,386,424$ 10,373,591$ 136,012,833$ 52,919,487$ 83,093,345$ 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 3/31/2026 No Reserve Requirement 209 Studebaker-Oliver Revitalizing Grants 567,641 94,808 472,833 - 472,833 100%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 19 463,173 (463,154) - (463,154) 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 212 Dept of Community Investment Grants 174,292 2,180,354 (2,006,062) - (2,006,062) 100%Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 217 Gift, Donation, Bequest 2,117,484 293,633 1,823,851 - 1,823,851 100%No reserve requirement 219 Unsafe Building 1,195,743 9,940 1,185,803 - 1,185,803 100%No reserve requirement 221 Rental Units Regulation 703,882 81,051 622,831 - 622,831 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 222 Central Services (290,445) 209,352 (499,797) - (499,797) 100%No reserve requirement 224 Central Services Capital - - - - - 100%No reserve requirement - Capital fund - spend down to zero 227 Loss Recovery 3,479,805 - 3,479,805 - 3,479,805 100%No reserve requirement 230 Code Enforcement 2,008 151,538 (149,530) - (149,530) 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 249 Local Income Tax - Public Safety 3,955,529 - 3,955,529 - 3,955,529 100% No reserve requirement 251 Local Road & Street 2,368,376 1,190,160 1,178,216 - 1,178,216 100%25% of annual expenditures 257 LOIT Special Distribution 33,031 - 33,031 - 33,031 100%No reserve requirement - one-time distribution - spend down to zero 258 Human Rights Federal Grants 131,800 66,787 65,013 - 65,013 100%No reserve requirement - Grant fund - spend down to zero 263 American Rescue Plan 1,007,322 - 1,007,322 - 1,007,322 100%No reserve requirement - Grant fund - spend down to zero 264 COVID-19 Response - - - - - 100%To be reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 265 Local Road & Bridge Grant 864,965 1,745,181 (880,216) - (880,216) 100%Reimbursed through interfund transfer to cover matching portion No reserve requirement - Grant fund - spend down to zero 266 MVH Restricted 1,621,925 471,977 1,149,948 - 1,149,948 100%No reserve requirement 279 IT / Innovation / 311 Call Center 7,032,474 2,790,233 4,242,242 - 4,242,242 100%Reimbursed through interfund allocation No reserve requirement 287 Fire Department Capital (1,162,565) 1,934,804 (3,097,368) - (3,097,368) 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 (419,105) - (419,105) - (419,105) 100%Property tax distribution received in June & Dec No reserve requirement 324 TIF - River West Development Area 28,287,550 10,874,562 17,412,988 - 17,412,988 100%Property tax distribution received in June & Dec No reserve requirement 350 2018 Fire Station #9 Bond Debt Service 1,638 - 1,638 - 1,638 100%Receives transfers from Fund 287 for debt services pmts No reserve requirement 352 2019 South Shore Double Tracking Debt Service 33,708 - 33,708 33,708 - 100%No reserve requirement 401 Coveleski Stadium Capital 24,463 - 24,463 - 24,463 100%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 756,398 - 756,398 - 756,398 100%No reserve requirement - Capital fund - spend down to zero 406 Cumulative Capital Development 512,865 - 512,865 - 512,865 100%Property tax distribution received in June & Dec No reserve requirement - Capital fund - spend down to zero 407 Cumulative Capital Improvement 463,898 - 463,898 - 463,898 100%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 3/31/2026 410 Urban Development Action Grant 75,719 - 75,719 - 75,719 100%No reserve requirement - Grant fund - spend down to zero 412 Major Moves Construction 581,456 195,938 385,518 - 385,518 100%No reserve requirement - Capital fund - spend down to zero 413 Professional Sports Convention Development Area 5,448,695 60,723 5,387,972 - 5,387,972 100%No reserve requirement - Capital fund - spend down to zero 416 Morris Performing Arts Center Capital (50,791) - (50,791) - (50,791) 100%No reserve requirement 422 TIF - West Washington 1,461,963 289,163 1,172,799 - 1,172,799 100%Property tax distribution received in June & Dec No reserve requirement 429 TIF - River East Development Area (NE Dev)20,049,401 2,748,986 17,300,415 - 17,300,415 100%Property tax distribution received in June & Dec No reserve requirement 430 TIF - Southside Development Area #1 9,099,688 3,743,992 5,355,696 - 5,355,696 100%Property tax distribution received in June & Dec No reserve requirement 435 TIF - Douglas Road 959,952 - 959,952 - 959,952 100%Property tax distribution received in June & Dec No reserve requirement 436 TIF - River East Residential Area (NE Res)10,767,306 7,311,577 3,455,729 - 3,455,729 100%Property tax distribution received in June & Dec No reserve requirement 439 Certified Technology Park 12,731 - 12,731 - 12,731 100%No reserve requirement 450 Palais Royale Historic Preservation 197,360 - 197,360 - 197,360 100%No reserve requirement 451 2018 Fire Station #9 Bond Capital 361,066 - 361,066 - 361,066 100%No reserve requirement - Bond capital fund - spend down to zero 452 2018 TIF Park Bond Capital 102,105 - 102,105 - 102,105 100%No reserve requirement - Bond capital fund - spend down to zero 454 Airport Urban Enterprise Zone 468,787 - 468,787 - 468,787 100%No reserve requirement 455 2021 Infrastructure Bond Capital 298,922 - 298,922 - 298,922 100%No reserve requirement - Bond capital fund - spend down to zero 456 2023 South Bend Redevelopment Authority 18,237,372 2,111,069 16,126,303 - 16,126,303 100%No reserve requirement - Bond capital fund - spend down to zero 457 2024 South Bend Redevelopment Authority 15,374,684 8,316,274 7,058,410 - 7,058,410 100%No reserve requirement - Bond capital fund - spend down to zero 458 458 2024 RDA Bond Proceeds (Four Winds)11,916,032 10,038,484 1,877,548 - 1,877,548 100%No reserve requirement - Bond capital fund - spend down to zero 471 2017 Parks Bond Capital 594,255 - 594,255 - 594,255 100%No reserve requirement - Bond capital fund - spend down to zero 611 Solid Waste Capital 140,098 968,837 (828,740) - (828,740) 100%Receives transfers from Fund 610 as needed No reserve requirement - Capital fund - spend down to zero 622 Water Works Capital 14,076,090 9,924,149 4,151,941 - 4,151,941 100%Receives transfers from Fund 620 as needed No reserve requirement - Capital fund - spend down to zero 625 Water Works Sinking (Debt Service)1,050,881 - 1,050,881 - 1,050,881 100%Receives transfers from Fund 620 as needed No reserve requirement 642 Sewage Works Capital 260 12,637,633 (12,637,372) - (12,637,372) 100%Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend down to zero 649 Sewage Sinking (Debt Service)1,542,315 - 1,542,315 - 1,542,315 100%Receives transfers from Fund 641 as needed No reserve requirement 667 Storm Sewer 2,534,102 310,456 2,223,646 - 2,223,646 100%No reserve requirement - Capital fund - spend down to zero 672 Century Center Energy Conservation Debt Svc 361,035 - 361,035 - 361,035 100%No reserve requirement 709 Payroll Clearing (327,895) - (327,895) - (327,895) 0%Clearing accounts temporarily hold transactions until they are recorded in the respective account No reserve requirement - clearing fund 754 Industrial Revolving Fund 3,618,263 22,479 3,595,784 - 3,595,784 100%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 172,396,295$ 81,237,313$ 91,158,982$ 33,708$ 91,125,274$ Total Funds 387,228,939$ 110,376,480$ 276,852,458$ 147,962,877$ 128,889,580$ City of South Bend Monthly Fund Financials Revenue Summary 3/31/2026 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 101,718,270 3,188,519 12,146,578 107,110,700 89,571,691 12% Special Revenue Funds 102 Rainy Day 236,725 28,187 104,375 521,821 132,350 44% 201 Parks & Recreation 24,079,639 249,351 3,602,536 24,339,320 20,477,103 15% 202 Motor Vehicle Highway 16,996,229 1,248,083 3,605,557 13,042,761 13,390,672 21% 209 Studebaker-Oliver Revitalizing Grants 12,788 1,285 4,764 27,412 8,024 37% 210 Economic Development State Grants - - - - - 0% 211 Dept of Community Investment Operating 4,009,982 389,287 1,279,957 3,925,244 2,730,025 32% 212 Dept of Community Investment Grants 3,232,912 487,407 992,902 3,923,622 2,240,010 31% 216 Police State Seizures 5,909 1,531 87,688 102,418 (81,779) 1484% 217 Gift, Donation, Bequest 7,271,492 12,397 58,291 197,188 7,213,201 1% 218 Police Curfew Violations - - - - - 0% 219 Unsafe Building 127,120 37,547 73,947 152,771 53,172 58% 220 Law Enforcement Continuing Education 127,747 24,723 475,962 429,858 (348,214) 373% 221 Rental Units Regulation 197,017 16,807 99,337 208,379 97,680 50% 227 Loss Recovery 60,377 7,871 30,100 481,837 30,278 50% 230 Code Enforcement 5,836,100 460,745 1,525,112 5,882,528 4,310,988 26% 249 Local Income Tax - Public Safety 12,974,112 951,043 2,863,865 12,473,795 10,110,247 22% 251 Local Road & Street 2,119,024 175,271 536,749 3,763,080 1,582,275 25% 257 LOIT Special Distribution 1,315 75 277 1,555 1,038 21% 258 Human Rights Federal Grants 159,234 24,279 25,399 181,110 133,835 16% 263 American Rescue Plan 19,616 2,281 8,446 42,521 11,169 43% 264 COVID-19 Response - - - 4,166 - 0% 265 Local Road & Bridge Grant 1,500,000 1,000,000 1,000,000 2,257,204 500,000 67% 266 MVH Restricted 3,290,467 258,832 709,529 3,349,302 2,580,938 22% 273 Morris PAC / Palais Royale Marketing - - - - - 0% 274 Morris PAC Self-Promotion - - - - - 0% 280 Police Block Grants - - - - - 0% 289 Haz-Mat 5,744 3,780 4,184 53,499 1,560 73% 291 Indiana River Rescue 137,595 8,774 61,481 146,664 76,114 45% 295 COPS MORE Grant 418 - - - 418 0% 299 Police Federal Drug Enforcement 86,682 170 549 40,875 86,133 1% 404 Local Income Tax - Certified Shares 15,737 1,711 3,415 11,707 12,321 22% 408 Local Income Tax - Economic Development 18,817,853 1,389,526 4,218,521 18,540,126 14,599,332 22% 410 Urban Development Action Grant 1,438 171 634 3,170 804 44% 655 Project ReLeaf 466,974 39,544 119,611 482,317 347,364 26% 730 City Cemetery 656 78 289 1,445 367 44% 731 Bowman Cemetery 10,314 1,228 4,548 22,737 5,767 44% 754 Industrial Revolving Fund 1,796,650 79,072 (573,682) 97,738 2,370,332 -32% Total Special Revenue Funds 103,597,867 6,901,054 20,924,345 94,708,172 82,673,524 20% Debt Service Fund 312 2017 Parks Bond Debt Service 1,164,212 - 605 1,166,784 1,163,607 0% 350 2018 Fire Station #9 Bond Debt Service 342,756 - 171,378 344,656 171,378 50% 672 Century Center Energy Conservation Debt Svc 387,097 817 223,602 374,112 163,495 58% 752 South Bend Redevelopment Authority 12,505,728 11,230 5,377,414 9,822,618 7,128,314 43% 755 South Bend Building Corporation 1,441,843 162 725,350 1,447,991 716,493 50% 756 2015 Smart Streets Bond Debt Service 1,740,947 7 857,024 1,713,592 883,923 49% 757 2015 Parks Bond Debt Service 385,117 30,581 93,409 348,026 291,708 24% 760 2017 Eddy Street Commons Bond Debt Service 2,024,633 16 978,797 1,955,313 1,045,836 48% Total Debt Service Funds 19,992,334 42,813 8,427,579 17,173,093 11,564,754 42% City of South Bend Monthly Fund Financials Revenue Summary 3/31/2026 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 4,130,445 6,844 29,795 2,647,126 4,100,650 1% 401 Coveleski Stadium Capital 31,831 55 205 835 31,626 1% 406 Cumulative Capital Development 817,637 1,254 5,155 768,424 812,482 1% 407 Cumulative Capital Improvement 182,933 1,063 4,014 170,988 178,919 2% 412 Major Moves Construction 18,513 1,334 65,478 157,160 (46,966) 354% 413 Professional Sports Convention Development Area 5,068,879 617,704 1,918,937 6,074,853 3,149,942 38% 416 Morris Performing Arts Center Capital 117,449 147 546 123,594 116,903 0% 450 Palais Royale Historic Preservation 19,036 2,728 8,653 38,818 10,383 45% 451 2018 Fire Station #9 Bond Capital 6,858 817 3,024 15,118 3,834 44% 455 2021 Infrastructure Bond Capital 13,472 676 2,504 22,327 10,968 19% 457 2024 South Bend Redevelopment Authority - 21,519 72,347 418,799 (72,347) 0% 458 458 2024 RDA Bond Proceeds (Four Winds)- 24,002 102,273 911,610 (102,273) 0% 471 2017 Parks Bond Capital 17,088 1,344 4,978 30,397 12,110 29% 759 2017 Eddy Street Commons Bond Capital 515 0 0 1 515 0% Total Capital Funds 10,424,656 679,488 2,217,910 11,380,051 8,206,746 21% Enterprise Funds 600 Consolidated Building 3,517,077 192,101 466,986 3,428,999 3,050,091 13% 601 Parking Garages 1,877,252 154,051 442,443 1,483,669 1,434,809 24% 602 Morris Performing Arts Center Operations 2,158,400 119,720 308,433 2,278,031 1,849,967 14% 610 Solid Waste Operations 8,320,016 631,523 1,897,737 8,679,212 6,422,279 23% 611 Solid Waste Capital 3,956,131 498 757,537 1,227,319 3,198,593 19% 620 Water Works Operations 23,679,058 1,687,253 5,180,153 22,935,006 18,498,905 22% 622 Water Works Capital 19,722,519 39,010 144,186 8,413,341 19,578,333 1% 624 Water Works Customer Deposit 28,036 3,351 12,398 61,753 15,638 44% 625 Water Works Sinking (Debt Service)2,324,774 10,144 1,205,072 168,624 1,119,702 52% 626 Water Works Bond Reserve 161,815 15,028 47,695 211,934 114,120 29% 629 Water Works Operations & Maintenance Reserve 63,266 7,533 27,895 139,459 35,371 44% 640 Sewer Repair Insurance 691,270 63,227 189,941 774,409 501,330 27% 641 Sewage Works Operations 44,832,313 4,107,562 11,953,978 47,715,987 32,878,335 27% 642 Sewage Works Capital 3,345,837 1,020,017 2,668,908 770,938 676,928 80% 643 Sewage Works Operations & Maintenance Reserve 119,939 14,281 52,883 264,386 67,056 44% 649 Sewage Sinking (Debt Service)5,643,780 165,102 1,542,065 8,065,505 4,101,715 27% 653 Sewage Debt Service Reserve 472,187 45,461 139,751 573,156 332,436 30% 654 Sewage Works Customer Deposit 30,936 4,034 14,842 70,369 16,094 48% 667 Storm Sewer 1,178,751 119,590 362,163 1,453,072 816,588 31% 670 Century Center Operations 1,691,346 - 65,000 3,722,463 1,626,346 4% 671 Century Center Capital 820,467 4,417 414,804 563,759 405,663 51% Total Enterprise Funds 124,635,170 8,403,903 27,894,870 113,001,393 96,740,299 22% Internal Service Funds 222 Central Services 12,181,311 775,486 2,294,538 10,370,949 9,886,774 19% 224 Central Services Capital - - - - - 0% 226 Liability Insurance 4,027,609 346,389 1,042,144 4,018,915 2,985,466 26% 278 Police Take Home Vehicle 69,322 7,987 28,874 117,566 40,448 42% 279 IT / Innovation / 311 Call Center 14,905,320 1,245,048 3,904,812 15,467,000 11,000,508 26% 711 Self-Funded Employee Benefits 19,194,120 1,629,858 4,982,372 19,122,688 14,211,748 26% 713 Unemployment Compensation 85,033 1,413 11,501 96,119 73,532 14% 714 Parental Leave 316,534 27,096 95,294 358,016 221,240 30% Total Internal Service Funds 50,779,249 4,033,277 12,359,534 49,551,254 38,419,716 24% Fiduciary Funds 701 Fire Pension 4,607,595 - 122 3,940,696 4,607,473 0% 702 Police Pension 6,010,895 - 2,085 6,085,029 6,008,811 0% Total Fiduciary Funds 10,618,491 - 2,207 10,025,725 10,616,284 0% Total City Controlled Funds 421,766,037 23,249,054 83,973,023 402,950,386 337,793,014 20% City of South Bend Monthly Fund Financials Revenue Summary 3/31/2026 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 23,254,802 161,308 1,247,272 30,150,609 22,007,530 5% 422 TIF - West Washington 351,280 3,409 13,833 583,762 337,447 4% 429 TIF - River East Development Area (NE Dev)7,962,536 46,749 181,624 9,031,462 7,780,912 2% 430 TIF - Southside Development Area #1 3,778,416 20,659 78,609 3,802,188 3,699,807 2% 435 TIF - Douglas Road 425,820 2,171 8,040 319,809 417,780 2% 436 TIF - River East Residential Area (NE Res)8,172,462 24,434 99,426 7,790,145 8,073,036 1% Total Tax Increment Financing Funds 43,945,316 258,731 1,628,804 51,677,976 42,316,512 4% Redevelopment Funds 433 Redevelopment General 3,574,424 2,608,792 3,080,448 2,733,775 493,976 86% 439 Certified Technology Park 230 29 107 533 123 46% 452 2018 TIF Park Bond Capital 3,455 231 855 5,180 2,600 25% 454 Airport Urban Enterprise Zone 8,461 1,060 3,926 19,629 4,535 46% 456 2023 South Bend Redevelopment Authority Bonds - 31,738 114,413 662,426 (114,413) 0% Total Redevelopment Funds 3,586,570 2,641,849 3,199,749 3,421,542 386,821 89% Debt Service Funds 315 Airport 2003 Debt Reserve - 211 783 9,025 (783) 0% 328 SBCDA 2003 Debt Reserve 224 353 1,308 15,088 (1,084) 584% 351 2018 TIF Park Bond Debt Service 43,836 2,676 9,909 49,539 33,927 23% 352 2019 South Shore Double Tracking Debt Service 1,030,713 0 515,502 1,035,504 515,211 50% 353 2020 TIF Library Bond Debt Service Reserve 6,670 1 4 16 6,666 0% Total Debt Service Funds 1,081,443 3,242 527,506 1,109,172 553,937 49% Total Redevelopment Commission Funds 48,613,328 2,903,822 5,356,059 56,208,690 43,257,269 11% Grand Total 470,379,365 26,152,876 89,329,082 459,159,076 381,050,283 19% City of South Bend Monthly Fund Financials Expenditure Summary 3/31/2026 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 142,506,469 10,093,172 31,969,995 118,603,147 8,142,239 102,394,235 28% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 28,927,577 2,107,522 6,152,706 29,745,034 2,549,864 20,225,006 30% 202 Motor Vehicle Highway 21,554,890 1,147,610 5,021,567 15,829,976 3,088,194 13,445,128 38% 209 Studebaker-Oliver Revitalizing Grants 126,313 - 1,993 101,948 94,808 29,513 77% 210 Economic Development State Grants - - - - - - 0% 211 Dept of Community Investment Operating 4,957,429 361,895 1,281,204 4,532,819 463,173 3,213,051 35% 212 Dept of Community Investment Grants 8,868,768 155,921 691,900 4,271,423 2,180,354 5,996,514 32% 216 Police State Seizures 22,000 - - - - 22,000 0% 217 Gift, Donation, Bequest 1,058,889 5,191 141,325 823,486 293,633 623,931 41% 218 Police Curfew Violations - - - - - - 0% 219 Unsafe Building 25,788 6,310 15,848 24,212 9,940 - 100% 220 Law Enforcement Continuing Education 745,808 22,005 89,045 1,104,275 134,279 522,484 30% 221 Rental Units Regulation 114,301 3,250 7,615 6,565 81,051 25,635 78% 227 Loss Recovery 410,000 - 156,000 - - 254,000 38% 230 Code Enforcement 6,887,605 448,051 1,508,067 5,878,047 151,538 5,228,001 24% 249 Local Income Tax - Public Safety 14,761,236 1,135,480 3,974,179 13,878,633 - 10,787,057 27% 251 Local Road & Street 2,418,883 98,885 318,057 2,091,103 1,190,160 910,665 62% 257 LOIT Special Distribution 18,804 - - 34,535 - 18,804 0% 258 Human Rights Federal Grants 523,325 23,491 85,633 301,739 66,787 370,905 29% 263 American Rescue Plan 1,279 1,153 1,153 23,274 - 126 90% 264 COVID-19 Response - - - 4,166 - - 0% 265 Local Road & Bridge Grant 3,785,821 3,400 135,120 2,595,524 1,745,181 1,905,520 50% 266 MVH Restricted 3,300,381 123,799 469,711 3,121,201 471,977 2,358,693 29% 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 - - - - - - 0% 291 Indiana River Rescue 40,614 8,908 26,416 54,922 62,251 (48,053) 218% 292 Police Grants - - - - - - 0% 294 Regional Police Academy - - - - - - 0% 295 COPS MORE Grant - - - - - - 0% 299 Police Federal Drug Enforcement 296,600 - 1,510 32,043 295,000 90 100% 404 Local Income Tax - Certified Shares - - - 45,564 - - 0% 408 Local Income Tax - Economic Development 26,184,739 1,833,592 6,798,562 25,647,605 3,975,898 15,410,279 41% 410 Urban Development Action Grant - - - - - - 0% 655 Project ReLeaf 456,177 27,836 82,318 382,556 1,066 372,794 18% 705 Police K-9 Unit - - - - - - 0% 730 City Cemetery - - - - - - 0% 731 Bowman Cemetery - - - - - - 0% 754 Industrial Revolving Fund 387,787 4,478 30,566 151,896 22,479 334,743 14% Total Special Revenue Funds 125,875,013 7,518,777 26,990,494 110,682,545 16,877,633 82,006,886 35% Debt Service Fund 312 2017 Parks Bond Debt Service 1,173,390 - 575,108 1,181,215 - 598,283 49% 350 2018 Fire Station #9 Bond Debt Service 342,756 - 169,741 344,656 - 173,016 50% 672 Century Center Energy Conservation Debt Svc 384,057 - - 388,754 - 384,057 0% 752 South Bend Redevelopment Authority 11,160,724 6,278 5,453,867 12,865,191 - 5,706,857 49% 755 South Bend Building Corporation 1,436,855 - 871,996 1,429,955 - 564,859 61% 756 2015 Smart Streets Bond Debt Service 1,707,819 - 852,334 1,712,494 - 855,484 50% 757 2015 Parks Bond Debt Service 373,231 - 187,591 381,031 - 185,641 50% 760 2017 Eddy Street Commons Bond Debt Service 1,951,250 - 978,750 1,955,125 - 972,500 50% Total Debt Service Funds 18,530,082 6,278 9,089,387 20,258,421 - 9,440,697 49% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary 3/31/2026 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 7,389,090 51,310 1,489,156 5,193,984 1,934,804 3,965,131 46% 401 Coveleski Stadium Capital - - - - - - 0% 406 Cumulative Capital Development 500,000 41,667 125,000 500,000 - 375,000 25% 407 Cumulative Capital Improvement 75,000 6,250 18,750 75,000 - 56,250 25% 412 Major Moves Construction 279,890 6,929 83,910 482,899 195,938 43 100% 413 Professional Sports Convention Development Area 4,421,223 2,600,000 4,360,500 157,923 60,723 - 100% 416 Morris Performing Arts Center Capital 382,820 116,000 116,000 6,426,666 - 266,820 30% 450 Palais Royale Historic Preservation - - - - - - 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 453 Zoo Bond Capital - - - - - - 0% 455 2021 Infrastructure Bond Capital 46,983 - - 399,500 - 46,983 0% 458 458 2024 RDA Bond Proceeds (Four Winds)19,343,494 2,652,603 9,100,219 24,185,074 10,038,484 204,792 99% 471 2017 Parks Bond Capital 444,818 - - 14,004 - 444,818 0% 750 Equipment/Vehicle Leasing - - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 32,883,319 5,474,759 15,293,534 37,435,049 12,229,948 5,359,837 84% Enterprise Funds 600 Consolidated Building 2,065,200 134,952 434,129 3,894,483 2,199 1,628,872 21% 601 Parking Garages 1,459,807 144,384 536,614 1,801,753 65,880 857,312 41% 602 Morris Performing Arts Center Operations 2,106,493 151,323 450,048 1,746,933 67,091 1,589,353 25% 610 Solid Waste Operations 9,193,733 544,667 2,454,722 8,142,930 1,309,055 5,429,957 41% 611 Solid Waste Capital 2,880,120 - 617,702 3,270,240 968,837 1,293,580 55% 620 Water Works Operations 26,453,264 1,460,404 6,434,074 18,588,990 1,828,612 18,190,578 31% 622 Water Works Capital 66,846,791 491,892 2,521,396 8,010,510 9,924,149 54,401,246 19% 624 Water Works Customer Deposit - - - - - - 0% 625 Water Works Sinking (Debt Service)3,089,877 - 1,297,757 541,858 - 1,792,119 42% 626 Water Works Bond Reserve - - - - - - 0% 629 Water Works Operations & Maintenance Reserve - - - - - - 0% 640 Sewer Repair Insurance 1,374,616 80,676 257,248 1,083,680 442,124 675,245 51% 641 Sewage Works Operations 46,288,402 3,214,666 12,902,582 38,037,503 2,414,467 30,971,353 33% 642 Sewage Works Capital 35,868,539 648,834 3,389,875 9,479,993 12,637,633 19,841,031 45% 643 Sewage Works Operations & Maintenance Reserve - - - - - - 0% 649 Sewage Sinking (Debt Service)5,629,113 - - 8,078,144 - 5,629,113 0% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - - - - 0% 667 Storm Sewer 3,349,339 36,840 157,472 699,900 310,456 2,881,411 14% 670 Century Center Operations 427,122 14,332 159,315 4,436,829 6,200 261,607 39% 671 Century Center Capital 1,362,730 - - 79,011 70,329 1,292,401 5% Total Enterprise Funds 208,395,143 6,922,969 31,612,934 107,892,756 30,047,032 146,735,178 30% Internal Service Funds 222 Central Services 12,356,413 857,546 2,784,862 10,345,106 209,352 9,362,200 24% 224 Central Services Capital - - - - - - 0% 226 Liability Insurance 4,325,278 434,333 1,138,556 3,296,903 403,809 2,782,913 36% 278 Police Take Home Vehicle - - - - - - 0% 279 IT / Innovation / 311 Call Center 17,664,877 848,002 3,859,447 14,804,923 2,790,233 11,015,198 38% 711 Self-Funded Employee Benefits 20,122,522 1,629,830 5,270,669 22,234,768 3,308,344 11,543,509 43% 713 Unemployment Compensation 82,500 8,336 15,278 92,939 - 67,222 19% 714 Parental Leave 100,000 1,192 48,560 117,790 - 51,440 49% Total Internal Service Funds 54,651,591 3,779,239 13,117,372 50,892,429 6,711,738 34,822,482 36% Fiduciary Funds 701 Fire Pension 4,528,750 355,630 1,036,108 4,251,624 3,500 3,489,142 23% 702 Police Pension 5,989,900 511,744 1,547,722 6,092,336 3,500 4,438,678 26% Total Fiduciary Funds 10,518,650 867,374 2,583,830 10,343,960 7,000 7,927,820 25% Total City Controlled Funds 593,360,267 34,662,567 130,657,544 456,108,307 74,015,590 388,687,135 34% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary 3/31/2026 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 52,321,897 1,064,179 9,511,086 21,870,523 10,874,562 31,936,249 39% 422 TIF - West Washington 1,655,620 220,447 483,082 174,380 289,163 883,375 47% 429 TIF - River East Development Area (NE Dev)27,951,886 65,359 2,400,610 7,622,273 2,748,986 22,802,290 18% 430 TIF - Southside Development Area #1 8,569,515 36,806 385,050 3,010,998 3,743,992 4,440,473 48% 435 TIF - Douglas Road 74,741 - - 348,434 - 74,741 0% 436 TIF - River East Residential Area (NE Res)16,473,616 - 2,308,570 4,945,322 7,311,577 6,853,469 58% Total Tax Increment Financing Funds 107,047,275 1,386,791 15,088,398 37,971,930 24,968,281 66,990,597 37% Redevelopment Funds 433 Redevelopment General 2,408,829 77,649 778,916 2,060,202 965,265 664,647 72% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital - - - 76,676 - - 0% 454 Airport Urban Enterprise Zone - - - - - - 0% 456 2023 South Bend Redevelopment Authority 9,927,734 110,337 443,074 5,368,586 2,111,069 7,373,591 26% 457 2024 South Bend Redevelopment Authority 14,696,103 226,602 226,602 2,435,737 8,316,274 6,153,226 58% Total Redevelopment Funds 27,032,666 414,589 1,448,593 9,941,200 11,392,609 14,191,464 48% Debt Service Funds 315 Airport 2003 Debt Reserve - - - - - - 0% 328 SBCDA 2003 Debt Reserve - - - - - - 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,030,000 - 512,625 1,030,125 - 517,375 50% 353 2020 TIF Library Bond Debt Service Reserve - - - - - - 0% Total Debt Service Funds 1,030,000 - 512,625 1,030,125 - 517,375 50% Total Redevelopment Commission Funds 135,109,942 1,801,380 17,049,616 48,943,255 36,360,890 81,699,435 40% Grand Total 728,470,209 36,463,947 147,707,160 505,051,562 110,376,480 470,386,570 35% * 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 - - - - - - - - - - - - - 68,831,319 0% TIF Districts - - - - - - - - - - - - - 40,439,230 0% Sub Total - - - - - - - - - - - - - 109,270,549 0% Local Income Tax LIT Certified Shares 980,470 980,470 980,470 - - - - - - - - - 2,941,411 13,354,067 22% LIT for Economic Development 1,337,139 1,337,139 1,337,139 - - - - - - - - - 4,011,417 18,191,548 22% LIT for Public Safety 941,658 941,658 941,658 - - - - - - - - - 2,824,973 12,844,698 22% LIT for Redevelopment - - - - - - - - - - - - - - NA LIT Additional - Supplemental Distrib - - - - - - - - - - - - - - NA Sub Total 3,259,267 3,259,267 3,259,267 - - - - - - - - - 9,777,801 44,390,313 22% Total Taxes 3,259,267 3,259,267 3,259,267 - - - - - - - - - 9,777,801 153,660,862 6% Intergovernmental Revenue State Shared Revenue Auto Excise Tax - - - - - - - - - - - - - 3,020,618 0% Commercial Vehicle Tax - - - - - - - - - - - - - 948,600 0% Liquor Excise Tax 34,535 - - - - - - - - - - - 34,535 - NA Liquor Gallonage Tax 60,117 - - - - - - - - - - - 60,117 244,485 25% Cigarette Tax - - - - - - - - - - - - - 221,820 0% Gasoline Tax 536,855 554,670 565,890 - - - - - - - - - 1,657,415 6,368,483 26% Wheel Tax - 146,720 118,697 - - - - - - - - - 265,418 2,100,000 13% PSCDA Tax 644,988 607,882 600,875 - - - - - - - - - 1,853,745 5,000,000 37% State Pension Subsidy - - - - - - - - - - - - - 10,600,000 0% Sub Total 1,276,495 1,309,272 1,285,463 - - - - - - - - - 3,871,230 28,504,006 14% Local Government Shared Revenue Hotel Motel Tax 1,003,437 - - - - - - - - - - - 1,003,437 3,191,437 31% Grants Federal Grants 275,169 240,436 1,492,427 - - - - - - - - - 2,008,032 5,480,582 37% State Grants 765,976 2,819,407 - - - - - - - - - - 3,585,383 135,500 2646% Sub Total 1,041,144 3,059,843 1,492,427 - - - - - - - - - 5,593,414 5,616,082 100% Other Intergovernmental Staffing Agreements with County - - - - - - - - - - - - - 30,000 0% Local Government Grants - - - - - - - - - - - - - - NA Federal Seized Drug - - - - - - - - - - - - - 80,000 0% State Seized Drug - 83,636 409 - - - - - - - - - 84,045 - NA Sub Total - 83,636 409 - - - - - - - - - 84,045 110,000 76% Total Intergovernmental Revenue 3,321,076 4,452,751 2,778,298 - - - - - - - - - 10,552,126 37,421,525 28% Licenses & Permits Business Business Licenses 21,054 30,026 23,704 - - - - - - - - - 74,784 116,755 64% Taxi Cab Licensing - 690 - - - - - - - - - - 690 2,200 31% Sub Total 21,054 30,716 23,704 - - - - - - - - - 75,474 118,955 63% Nonbusiness Lawn Parking 45 170 190 - - - - - - - - - 405 3,500 12% Engineering 17,072 8,713 22,655 - - - - - - - - - 48,440 127,257 38% Right-of-Way Closures 100 200 250 - - - - - - - - - 550 - NA Park Food Sales Permit 23 - - - - - - - - - - - 23 360 6% Fire Dept-Building Plan Review 1,002 3,246 3,586 - - - - - - - - - 7,834 26,000 30% Building Department 95,165 157,813 185,491 - - - - - - - - - 438,468 3,352,350 13% SBARC - Pet Licenses 2,285 2,260 3,375 - - - - - - - - - 7,920 19,000 42% Sub Total 115,692 172,403 215,547 - - - - - - - - - 503,641 3,528,467 14% Total Licenses & Permits 136,745 203,119 239,250 - - - - - - - - - 579,115 3,647,422 16% Period Ending: March 31, 2026 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: March 31, 2026 Charges for Services General Government Plan Commission Charges 100 300 100 - - - - - - - - - 500 2,000 25% Ally Vaca Charges - - - - - - - - - - - - - - Copies of Public Records - - - - - - - - - - - - - 400 0% Historic Preserv Certificate of Approval 80 120 160 - - - - - - - - - 360 2,000 18% IT Services - - - - - - - - - - - - - - NA Sub Total 180 420 260 - - - - - - - - - 860 4,400 20% Public Safety Accident Report Copies 7,514 5,052 13,542 - - - - - - - - - 26,108 80,500 32% Traffic Signal Maintenance 4,904 3,748 7,259 - - - - - - - - - 15,910 150,000 11% EMS Special Event Coverage 48,876 - 41,322 - - - - - - - - - 90,197 200,000 45% Regional Academy Tuition 8,690 3,050 400 - - - - - - - - - 12,140 20,000 61% River Rescue School Tuition 20,700 27,900 7,200 - - - - - - - - - 55,800 125,000 45% Fire Training Center Tuition - - - - - - - - - - - - - 50,000 0% Emergency Medical Service 563,651 305,687 848,583 - - - - - - - - - 1,717,921 5,400,000 32% Medicaid Reimbursements - - - - - - - - - - - - - 480,000 0% EMS for County - - - - - - - - - - - - - 2,336,048 0% Hazmat Charges - - 3,535 - - - - - - - - - 3,535 5,000 71% Police Special Event Coverage - - - - - - - - - - - - - 15,000 0% Crime Lab Services 1,875 1,550 850 - - - - - - - - - 4,275 12,000 36% EMS Late Payment Interest - - - - - - - - - - - - - 15,000 0% Misc Revenue - 9 - - - - - - - - - - 9 500 2% Sub Total 656,210 346,996 922,690 - - - - - - - - - 1,925,896 8,889,048 22% Culture & Recreation Morris Performing Arts Center 44,143 140,736 119,717 - - - - - - - - - 304,596 1,933,000 16% Palais Royale Ballroom 17,502 15,466 5,941 - - - - - - - - - 38,909 185,532 21% Parks & Recreation 200,917 316,668 166,182 - - - - - - - - - 683,767 5,398,788 13% Lease of Coveleski Stadium - - - - - - - - - - - - - 31,611 0% Century Center 65,000 - - - - - - - - - - - 65,000 - NA Sub Total 327,562 472,870 291,840 - - - - - - - - - 1,092,272 7,548,931 14% Highways & Streets Sale of Signs/Materials - - - - - - - - - - - - - 3,300 0% Special Events - - - - - - - - - - - - - 10,000 0% Sub Total - - - - - - - - - - - - - 13,300 0% Sanitation Trash Collection/Residential 597,034 598,026 598,274 - - - - - - - - - 1,793,333 6,865,976 26% Trash Collection/Commercial 12,342 12,336 12,275 - - - - - - - - - 36,953 145,779 25% Trash Collection/Apt 2 Units 4,889 4,881 4,845 - - - - - - - - - 14,614 60,742 24% Trash Collection/Apt 3 Units 2,288 2,291 2,276 - - - - - - - - - 6,855 27,941 25% Trash Collection/Apt 4 Units 2,973 2,983 2,986 - - - - - - - - - 8,943 34,015 26% Trash Collection/Seniors - - - - - - - - - - - - - 54,667 0% Trash Collection/Special Pickup 2,160 1,100 1,860 - - - - - - - - - 5,120 32,629 16% Trash Collection/Yard Waste Pickup 10 - - - - - - - - - - - 10 770 1% Misc/Additional Trash Totes (241) (565) (31) - - - - - - - - - (836) - NA Misc/Return Trip Customer Error 2,730 2,390 1,940 - - - - - - - - - 7,060 12,095 58% Misc/Contamination Fee - - - - - - - - - - - - - 6,695 0% Misc/Tote Replacement Fee 300 752 750 - - - - - - - - - 1,802 6,905 26% Misc/Trash Start Fee 3,150 3,010 3,610 - - - - - - - - - 9,770 48,324 20% Misc/Yard Waste Totes 43 139 139 - - - - - - - - - 321 960,000 0% Sub Total 627,678 627,343 628,924 - - - - - - - - - 1,883,945 8,256,538 23% City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: March 31, 2026 Charges for Services Utilities - Water Metered Sales/Residential 688,998 702,279 657,352 - - - - - - - - - 2,048,630 9,232,159 22% Metered Sales/Commercial 206,789 206,011 206,974 - - - - - - - - - 619,774 2,930,546 21% Metered Sales/Industrial 28,837 35,700 31,890 - - - - - - - - - 96,428 560,965 17% Metered Sales/Multi Family 109,430 114,085 108,876 - - - - - - - - - 332,391 1,400,014 24% Bulk Sales/Olive St - 319 29 - - - - - - - - - 348 8,087 4% Metered Sales/Institution 12,140 11,659 10,976 - - - - - - - - - 34,775 151,759 23% Public Fire Protection 231,461 231,875 230,612 - - - - - - - - - 693,949 2,949,806 24% Private Fire Protection 42,440 42,677 42,463 - - - - - - - - - 127,580 554,704 23% Sales to Public Authorities 33,249 34,703 36,289 - - - - - - - - - 104,241 326,737 32% Irrigation Sales 3,286 2,600 2,864 - - - - - - - - - 8,751 1,565,306 1% Other Water/Misc Service 21,922 47,084 39,452 - - - - - - - - - 108,458 537,812 20% Backflow Prevention Insp.18,100 12,400 11,200 - - - - - - - - - 41,700 183,931 23% Water Main Extension - - - - - - - - - - - - - - NA Rents From Water Property - - - - - - - - - - - - - - NA Revenue From Cut Off Fees - 225 300 - - - - - - - - - 525 5,025 10% Penalties (Forfeit Disc.)7,117 8,613 8,876 - - - - - - - - - 24,606 83,415 29% Water Leak Insurance 96,442 96,501 96,541 - - - - - - - - - 289,484 1,202,845 24% System Development Fee 2,138 2,993 3,420 - - - - - - - - - 8,550 210,000 4% Sub Total 1,502,349 1,549,724 1,488,114 - - - - - - - - - 4,540,187 21,903,111 21% Utilities - Sewage Metered Sales/Residential 1,973,928 1,978,393 1,963,907 - - - - - - - - - 5,916,228 22,555,939 26% Metered Sales/Commercial 610,307 773,574 920,388 - - - - - - - - - 2,304,269 8,872,531 26% Metered Sales/Industrial 516,617 522,576 511,540 - - - - - - - - - 1,550,733 6,076,245 26% Metered Sales/Multi Family 292,951 295,483 285,353 - - - - - - - - - 873,786 3,546,028 25% Metered Sales/Institution 31,545 30,414 29,443 - - - - - - - - - 91,402 337,060 27% Sales to Public Authority 114,168 111,196 114,491 - - - - - - - - - 339,855 1,265,097 27% Wholesale Meter/New Carlisle - - - - - - - - - - - - - 287,618 0% Penalties (Forfeit Disc.)50,887 63,494 74,089 - - - - - - - - - 188,469 614,567 106% Dumping Fees 18,820 20,140 27,660 - - - - - - - - - 66,620 25,873 257% Laboratory Service Fees 1,650 1,800 1,800 - - - - - - - - - 5,250 1,754 299% Discharge Permit Fees 500 - 750 - - - - - - - - - 1,250 6,434 19% System Development Fee 2,061 8,244 7,214 - - - - - - - - - 17,519 339,000 5% Sewage-System Dev Finance Charge - - - - - - - - - - - - - - NA Sewage-Sewer Extension - - - - - - - - - - - - - - NA Sewer Repair Insurance 49,458 49,492 49,512 - - - - - - - - - 148,462 585,295 25% Sewer Repair Deductible 10,124 9,847 10,958 - - - - - - - - - 30,928 80,800 38% Charges for Svcs-Utilities-Sewage-Misc Revenues - - 445 - - - - - - - - - 445 - NA UAP Assistance Fee 91,215 91,297 91,529 - - - - - - - - - 274,041 968,920 28% UAP Credit (Contra)(79,984) (85,044) (84,756) - - - - - - - - - (249,784) (968,920) 26% RINS Credits 34,394 - - - - - - - - - - - 34,394 - NA Disconnect Program Fee - - 17,803 - - - - - - - - - 17,803 - NA Unmetered Sewer Fee 27,364 27,523 27,567 - - - - - - - - - 82,454 - NA Sub Total 3,746,004 3,898,428 4,049,693 - - - - - - - - - 11,694,125 44,594,241 26% Utilities - Other Storm Water Fees 113,976 114,037 114,036 - - - - - - - - - 342,049 1,147,200 30% Clean Air/ReLeaf (Leaf Pickup)37,997 38,024 38,033 - - - - - - - - - 114,053 456,126 25% Sub Total 151,973 152,061 152,068 - - - - - - - - - 456,102 1,603,326 28% Organic Resources Yard Waste Drop-Off 2,412 1,333 14,047 - - - - - - - - - 17,791 117,434 15% Mulch/Compost Sales 15 89 3,164 - - - - - - - - - 3,268 56,432 6% Sub Total 2,427 1,422 17,211 - - - - - - - - - 21,060 173,866 12% 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: March 31, 2026 Charges for Services Animal Resource Center Pet Impound Reclaim Fee 410 235 780 - - - - - - - - - 1,425 2,000 71% Pet Adoption Fees 1,710 899 2,047 - - - - - - - - - 4,656 15,000 31% Pick Up Fees 40 120 - - - - - - - - - - 160 560 29% Pet Micro Chipping 240 140 500 - - - - - - - - - 880 3,000 29% Vet Expenses 430 515 985 - - - - - - - - - 1,930 2,500 77% Pet Euthanasia 330 260 80 - - - - - - - - - 670 1,800 37% Animal Surrenders 960 860 1,120 - - - - - - - - - 2,940 8,500 35% Cremation 365 645 600 - - - - - - - - - 1,610 7,000 23% Rabies Specimen Prep - 120 90 - - - - - - - - - 210 600 35% Boarding 45 180 180 - - - - - - - - - 405 570 71% Sub Total 4,530 3,974 6,382 - - - - - - - - - 14,886 41,530 36% Other DCI Staff Contracts 3,750 - 61,884 - - - - - - - - - 65,634 778,435 8% Other Misc Charges for Services - - - - - - - - - - - - - - NA Parking-Garages 116,118 104,355 121,517 - - - - - - - - - 341,991 1,528,855 22% Parking-Century Center - - - - - - - - - - - - - - NA Central Services-Internal Customers 689,088 733,822 719,315 - - - - - - - - - 2,142,225 11,435,140 19% Central Services-External Customers 17,988 20,601 28,364 - - - - - - - - - 66,953 437,000 15% Employee & Employer Assessments 1,543,734 1,564,839 1,566,319 - - - - - - - - - 4,674,892 18,514,500 25% Sub Total 2,370,677 2,423,618 2,497,399 - - - - - - - - - 7,291,694 32,693,930 22% Total Charges for Services 9,389,590 9,476,856 10,054,581 - - - - - - - - - 28,921,028 125,722,221 23% Fines, Forfeitures, & Fees General Ordinance Violation - - - - - - - - - - - - - - NA Bad Checks Fines - - - - - - - - - - - - - 50 0% Collections - 941 - - - - - - - - - - 941 1,000 94% Court Fees 1,701 200 200 - - - - - - - - - 2,101 - NA Plan Commission Application Fee 1,000 - 1,600 - - - - - - - - - 2,600 20,000 13% Zoning Appeals Application Fee 1,325 1,200 1,200 - - - - - - - - - 3,725 19,200 19% Zoning Admin Fees 1,720 2,210 2,750 - - - - - - - - - 6,680 15,000 45% Zoning Admin Fines 50,768 4,320 38 - - - - - - - - - 55,125 500 11025% Tax Abatement Admin Fees - 1,345 - - - - - - - - - - 1,345 17,000 8% Test Filling Fees 500 1,200 240 - - - - - - - - - 1,940 4,100 47% Econ Dev-CDBG Loan Late Fees - - - - - - - - - - - - - - NA Sub Total 57,014 11,416 6,028 - - - - - - - - - 74,457 76,850 97% Code Enforcement Vacant Bldg Registration - - - - - - - - - - - - - 1,800 0% Landlord Registration Fee - - - - - - - - - - - - - - NA Rental Unit Safety Fees 49,363 29,300 15,246 - - - - - - - - - 93,909 169,000 56% Demolition & Boarding 533 2,477 - - - - - - - - - - 3,010 8,800 34% Collections - - - - - - - - - - - - - 4,000 0% Environmental Violations 6,924 15,296 17,647 - - - - - - - - - 39,867 133,000 30% Ordinance Violation 932 26,430 35,538 - - - - - - - - - 62,900 101,400 62% Animal Ordinance Violation 1,312 5,988 2,505 - - - - - - - - - 9,805 12,000 82% Forfeitures-Civil Penalties - - - - - - - - - - - - - - NA Forfeitures-Chronic Problem - - - - - - - - - - - - - - NA Sub Total 59,064 79,491 70,936 - - - - - - - - - 209,490 430,000 49% Parking Street Parking Fines 9,894 8,932 8,184 - - - - - - - - - 27,010 53,000 51% 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: March 31, 2026 Fines, Forfeitures, & Fees Public Safety False Alarms Fine 13,980 9,775 8,275 - - - - - - - - - 32,030 - NA Noise Ordinance 100 - - - - - - - - - - - 100 - NA Curfew Violation - - - - - - - - - - - - - - NA Chronic Problem Property - 675 250 - - - - - - - - - 925 - NA Impound Towing Fees 1,279 770 640 - - - - - - - - - 2,689 - NA Sub Total 15,359 11,220 9,165 - - - - - - - - - 35,744 - NA Total Fines, Forfeitures, & Fees 141,330 111,059 94,312 - - - - - - - - - 346,701 559,850 62% Other Income Miscellaneous Revenue Miscellaneous Revenue (670) 4,673 (1,265) - - - - - - - - - 2,738 176,970 2% Sale of Scrap Metal - - 2,909 - - - - - - - - - 2,909 19,155 15% Bond Interest Rebate - - - - - - - - - - - - - 47,365 0% Program Income 4,159 345 1,443 - - - - - - - - - 5,947 - NA Origination Fees - - - - - - - - - - - - - 17,000 0% Loan Servicing Fees 7,399 5,034 20,866 - - - - - - - - - 33,298 55,000 61% Sub Total 10,887 10,053 23,952 - - - - - - - - - 44,892 315,490 14% Bank Account Interest 1,315,094 929,617 908,291 - - - - - - - - - 3,153,001 9,830,941 32% Rental of Property 21,739 16,821 (80,637) - - - - - - - - - (42,077) 165,284 -25% Donations 30,782 66,766 7,611 - - - - - - - - - 105,159 9,039,000 1% 3rd Party Revenue Cable TV Franchise Fees - 101,033 - - - - - - - - - - 101,033 - NA Video Franchise Fees 15,059 - - - - - - - - - - - 15,059 - NA Sub Total 15,059 101,033 - - - - - - - - - - 116,092 - NA Total Other Income 1,393,561 1,124,289 859,217 - - - - - - - - - 3,377,067 19,350,715 17% Reimbursements Miscellaneous Reimbursements 61,881 174,166 23,132 - - - - - - - - - 259,180 395,913 65% Insurance Claim - 2,409 1,627 - - - - - - - - - 4,036 97,000 4% IT Services 128,639 - - - - - - - - - - - 128,639 - NA Travel Reimbursement - - - - - - - - - - - - - - NA Lamppost Program - - - - - - - - - - - - - 8,000 0% Energy Rebates - - - - - - - - - - - - - 45,000 0% Repair Reimbursement 75 75 2,526 - - - - - - - - - 2,676 20,000 13% Salary/Overtime Reimb 8,101 - 1,805 - - - - - - - - - 9,905 400,000 2% Diesel Tax Rebate - 8,666 3,525 - - - - - - - - - 12,191 40,000 30% Pharmacy Rebates 80,812 79,889 79,609 - - - - - - - - - 240,310 800,000 30% Morris Advertising Reimbursement - - - - - - - - - - - - - - NA Sub Total 279,508 265,206 112,224 - - - - - - - - - 656,938 1,805,913 36% Departmental Reimbursements - - - - - - - - - - - - - - NA Total Reimbursements 279,508 265,206 112,224 - - - - - - - - - 656,938 1,805,913 36% Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In 10,788,261 7,468,097 5,831,746 - - - - - - - - - 24,088,104 57,910,604 42% PILOT 2,987,741 - - - - - - - - - - - 2,987,741 5,975,482 50% Administration Cost Allocation 760,325 760,325 760,325 - - - - - - - - - 2,280,976 9,123,906 25% IT Cost Allocation 1,229,765 1,229,765 1,229,765 - - - - - - - - - 3,689,294 14,762,208 25% Liability Insurance Allocation 323,419 323,419 323,419 - - - - - - - - - 970,258 3,881,163 25% Payroll Cost Allocation 322,780 322,780 322,780 - - - - - - - - - 968,339 3,920,705 25% Facilities Management Allocation 12,289 12,289 12,289 - - - - - - - - - 36,868 147,471 25% Utility Customer Service Mgmt Allocation 139,925 139,925 139,925 - - - - - - - - - 419,774 1,679,095 25% Sub Total 16,564,505 10,256,600 8,620,249 - - - - - - - - - 35,441,354 97,400,634 36% 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: March 31, 2026 Other Sources Sale of Assets Sale of Capital Assets 26,663 4,391 - - - - - - - - - - 31,054 34,379 90% Sale of Non-Capital Assets 305 7,826 - - - - - - - - - - 8,131 - NA Sale of Property 100 1,900 - - - - - - - - - - 2,000 5,000 40% Other Damage Reimbursement - - - - - - - - - - - - - - NA Vehicle Damage Reimbursement - - - - - - - - - - - - - - NA Hydrant Damage Reimbursement - - - - - - - - - - - - - - NA Sub Total 27,068 14,117 - - - - - - - - - - 41,185 39,379 105% Issuance of Debt Capital Lease Proceeds - - - - - - - - - - - - - 11,987,383 0% Bond Proceeds - - 49,431 - - - - - - - - - 49,431 17,000,000 0% Premium on Bonds - - - - - - - - - - - - - - NA Sub Total - - 49,431 - - - - - - - - - 49,431 28,987,383 0% Refunds Refunds - 1,833 212 - - - - - - - - - 2,045 82,000 2% Specific Stop Loss 20 126,942 - - - - - - - - - - 126,962 126,961 100% Utility Receipts Tax Refund - - - - - - - - - - - - - - NA Sub Total 20 128,775 212 - - - - - - - - - 129,006 208,961 62% Other Sale of Property Held for Resale - - - - - - - - - - - - - - NA Interfund Loan - Principal Income - 56,398 - - - - - - - - - - 56,398 - NA Interfund Loan - Interest Income - 4,048 - - - - - - - - - - 4,048 - NA Other Loan - Principal Income (433,536) (293,637) 44,053 - - - - - - - - - (683,120) 718,500 -95% Other Loan - Interest Income 38,224 - 41,780 - - - - - - - - - 80,004 850,000 9% Sub Total (395,312) (233,191) 85,833 - - - - - - - - - (542,670) 1,568,500 -35% Total Other Sources 16,196,281 10,166,300 8,755,725 - - - - - - - - - 35,118,306 128,204,857 27% Revenue Total 34,117,359 29,058,847 26,152,876 - - - - - - - - - 89,329,082 470,373,365 19% 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 101 112,942 99,734 89,712 - - - - - - - - - 302,387 1,241,712 24% Community Initiatives 101 - - - - - - - - - - - - - - NA Community Police Review Office 101 14,441 9,676 12,771 - - - - - - - - - 36,888 143,068 26% Clerk 101 51,872 40,523 38,471 - - - - - - - - - 130,867 600,961 22% Common Council 101 112,871 53,933 43,740 - - - - - - - - - 210,543 938,039 22% Youth Council 101 3,022 1,026 2,253 - - - - - - - - - 6,301 17,752 35% General City 101 2,299,137 470,357 2,018,201 - - - - - - - - - 4,787,694 14,587,243 33% Controller' Office 101 342,977 250,161 279,483 - - - - - - - - - 872,620 4,250,824 21% Human Resources 101 113,406 81,749 68,217 - - - - - - - - - 263,372 1,000,848 26% Diversity & Inclusion 101 33,295 22,411 11,510 - - - - - - - - - 67,216 630,173 11% Human Rights 101 62,031 57,157 49,714 - - - - - - - - - 168,901 813,641 21% Legal 101 196,527 145,275 150,671 - - - - - - - - - 492,473 2,066,518 24% Engineering 101 166,667 166,667 166,667 - - - - - - - - - 500,000 2,000,000 25% Park Maintenance 101 21,142 20,361 - - - - - - - - - - 41,502 51,457 81% Park Capital 101 - - - - - - - - - - - - - 2,500,028 0% Curb & Sidewalk 101 75,000 75,000 75,000 - - - - - - - - - 225,000 900,000 25% Street Signals & Lighting 101 119,674 129,150 125,884 - - - - - - - - - 374,709 1,400,000 27% Streets 101 166,667 166,667 166,667 - - - - - - - - - 500,000 2,000,000 25% Sub Total 3,891,669 1,789,845 3,298,960 - - - - - - - - - 8,980,474 35,142,265 26% Public Works Engineering 101 401,670 317,951 303,428 - - - - - - - - - 1,023,048 5,264,561 19% Sub Total 401,670 317,951 303,428 - - - - - - - - - 1,023,048 5,264,561 19% Public Safety Police 101 5,077,296 3,739,857 3,460,886 - - - - - - - - - 12,278,039 57,619,452 21% Crime Lab 101 92,602 69,951 67,849 - - - - - - - - - 230,401 1,035,624 22% Fire 101 3,752,554 2,569,516 2,774,089 - - - - - - - - - 9,096,158 41,436,007 22% EMS 101 62,713 73,864 59,245 - - - - - - - - - 195,822 872,385 22% Fire Training Center 101 9,686 6,080 7,370 - - - - - - - - - 23,135 47,500 49% Sub Total 8,994,851 6,459,268 6,369,438 - - - - - - - - - 21,823,557 101,010,968 22% Community Investment Sustainability 101 - - - - - - - - - - - - - - NA Sub Total - - - - - - - - - - - - - - NA Arts & Culture Morris Performing Arts Center 101 - - - - - - - - - - - - - - NA Palais Royale Ballroom 101 11,753 9,817 9,081 - - - - - - - - - 30,651 215,675 14% Sub Total 11,753 9,817 9,081 - - - - - - - - - 30,651 215,675 14% Total General Fund 13,299,943 8,576,880 9,980,907 - - - - - - - - - 31,857,730 141,633,469 22% Venues, Parks & Arts Parks & Recreation Park Administration 201 109,141 95,633 107,762 - - - - - - - - - 312,536 1,294,102 24% Park Maintenance 201 1,285,185 678,193 1,091,678 - - - - - - - - - 3,055,056 12,067,015 25% Golf Courses 201 131,786 117,810 285,684 - - - - - - - - - 535,280 2,603,212 21% Community Programming 201 140,793 111,668 114,886 - - - - - - - - - 367,347 2,068,363 18% Development & Promotions 201 102,942 9,320 102,291 - - - - - - - - - 214,552 2,190,090 10% Park Projects & Capital 201 - - - - - - - - - - - - - 1,730,088 0% Potawatomi Zoo 201 175,285 285 285 - - - - - - - - - 175,856 353,422 50% Park Debt 201 - - - - - - - - - - - - - 4,950 0% 201 308,785 196,662 150,836 - - - - - - - - - 656,282 2,768,688 24% Machinery & Equipment 201 171,277 86,912 141,024 - - - - - - - - - 399,213 1,308,603 31% Morris Palais Marketing 273 - - - - - - - - - - - - - - NA Morris PAC Self-Promotion 274 - - - - - - - - - - - - - - NA Coveleski Stadium Capital 401 - - - - - - - - - - - - - - NA Professional Sports Convention Dev. Area 413 1,760,500 - 2,600,000 - - - - - - - - - 4,360,500 4,421,223 99% Morris PAC Improvement 416 - - 116,000 - - - - - - - - - 116,000 382,820 30% Palais Historic Preservation 450 - - - - - - - - - - - - - - NA Morris Performing Arts Center Operations 602 162,881 135,844 151,323 - - - - - - - - - 450,048 2,106,493 21% Sub Total 4,537,652 1,566,758 4,974,844 - - - - - - - - - 11,079,254 35,838,112 31% Period Ending: March 31, 2026 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: March 31, 2026 Parking Garages Parking Enforcement 601 87,638 41,638 42,355 - - - - - - - - - 171,631 178,802 96% Parking General Operations 601 8,815 8,815 8,815 - - - - - - - - - 26,445 218,635 12% Main Street Garage 601 6,550 57,493 24,645 - - - - - - - - - 88,688 294,830 30% Leighton Plaza Garage 601 13,994 12,106 14,970 - - - - - - - - - 41,070 255,076 16% Wayne West Garage 601 57,349 23,398 25,904 - - - - - - - - - 106,651 241,593 44% 601 - - - - - - - - - - - - - - NA Wayne Street Garage 601 46,273 28,162 27,695 - - - - - - - - - 102,129 270,871 38% Sub Total 220,619 171,611 144,384 - - - - - - - - - 536,614 1,459,807 37% Century Center Century Center Operations 670 132,958 12,025 14,332 - - - - - - - - - 159,315 427,122 37% Century Center Capital 671 - - - - - - - - - - - - - 1,362,730 0% Century Center Energy Saving 672 - - - - - - - - - - - - - 384,057 0% Sub Total 132,958 12,025 14,332 - - - - - - - - - 159,315 2,173,908 7% Total Venues, Parks & Arts 4,891,230 1,750,394 5,133,560 - - - - - - - - - 11,775,184 39,471,827 30% Public Safety Police Department Police Seizures 216 - - - - - - - - - - - - - 22,000 0% Curfew Violations 218 - - - - - - - - - - - - - - NA Law Enforcement Education 220 60,677 6,363 22,005 - - - - - - - - - 89,045 745,808 12% Public Safety Local Income Tax - Police 249 851,610 567,740 567,740 - - - - - - - - - 1,987,089 7,380,618 27% Police Take Home Vehicle 278 - - - - - - - - - - - - - - NA Police Block Grant 280 - - - - - - - - - - - - - - NA Police Grants 292 - - - - - - - - - - - - - - NA Police Academy 294 - - - - - - - - - - - - - - NA COPS MORE Grants 295 - - - - - - - - - - - - - - NA Drug Enforcement 299 1,510 - - - - - - - - - - - 1,510 296,600 1% K-9 Unit 705 - - - - - - - - - - - - - - NA Sub Total 913,797 574,103 589,745 - - - - - - - - - 2,077,645 8,445,026 25% Fire Department Public Safety Local Income Tax - Fire 249 851,610 567,740 567,740 - - - - - - - - - 1,987,089 7,380,618 27% Fire Department Capital 287 774,356 663,490 51,310 - - - - - - - - - 1,489,156 7,389,090 20% Haz-Mat 289 - - - - - - - - - - - - - - NA Indiana River Rescue 291 1,060 16,449 8,908 - - - - - - - - - 26,416 40,614 65% Sub Total 1,627,025 1,247,678 627,958 - - - - - - - - - 3,502,661 14,810,322 24% Total Public Safety 2,540,822 1,821,781 1,217,703 - - - - - - - - - 5,580,306 23,255,348 24% Public Works Streets Motor Vehicle Highway 202 1,669,975 2,203,982 1,147,610 - - - - - - - - - 5,021,567 21,554,890 23% Local Road & Street 251 171,995 47,177 98,885 - - - - - - - - - 318,057 2,418,883 13% LOIT 2016 Special Distribution 257 - - - - - - - - - - - - - 18,804 0% Local Road & Bridge Grant 265 13,999 117,721 3,400 - - - - - - - - - 135,120 3,785,821 4% MVH Restricted Fund 266 137,276 208,636 123,799 - - - - - - - - - 469,711 3,300,381 14% Major Moves 412 2,125 74,855 6,929 - - - - - - - - - 83,910 279,890 30% Project ReLeaf 655 27,180 27,301 27,836 - - - - - - - - - 82,318 456,177 18% Sub Total 2,022,551 2,679,672 1,408,460 - - - - - - - - - 6,110,682 31,814,846 19% Solid Waste Solid Waste Operations 610 1,377,334 532,721 544,667 - - - - - - - - - 2,454,722 9,193,733 27% Solid Waste Capital 611 242,437 375,265 - - - - - - - - - - 617,702 2,880,120 21% Sub Total 1,619,771 907,986 544,667 - - - - - - - - - 3,072,423 12,073,853 25% Water Works Water Works Operations 620 3,610,553 1,363,117 1,460,404 - - - - - - - - - 6,434,074 26,453,264 24% Water Works Capital 622 195,512 1,833,992 491,892 - - - - - - - - - 2,521,396 66,846,791 4% Water Works Sinking (Debt Service)625 1,297,757 - - - - - - - - - - - 1,297,757 3,089,877 42% Sub Total 5,103,822 3,197,110 1,952,296 - - - - - - - - - 10,253,228 96,389,932 11% 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: March 31, 2026 Wastewater/Sewer/Organic Resources Sewer Repair Insurance 640 100,016 76,556 80,676 - - - - - - - - - 257,248 1,374,616 19% Sewer Division 641 738,652 802,114 576,872 - - - - - - - - - 2,117,638 8,282,817 26% Concrete Crew 641 70,261 48,474 47,016 - - - - - - - - - 165,751 644,822 26% Wastewater Operations 641 4,869,236 2,989,523 2,498,104 - - - - - - - - - 10,356,864 35,319,777 29% Organic Resources 641 91,441 78,214 92,674 - - - - - - - - - 262,328 2,040,986 13% Sewage Works Capital 642 1,561,174 1,179,867 648,834 - - - - - - - - - 3,389,875 35,868,539 9% Sewage Works Sinking (Debt Service)649 - - - - - - - - - - - - - 5,629,113 0% Sewage Debt Service Reserve 653 - - - - - - - - - - - - - - NA Sub Total 7,430,780 5,174,748 3,944,176 - - - - - - - - - 16,549,704 89,160,669 19% Storm Water Fees Storm Sewer Fund 667 96,138 24,494 36,840 - - - - - - - - - 157,472 3,349,339 5% Sub Total 96,138 24,494 36,840 - - - - - - - - - 157,472 3,349,339 5% Total Public Works 16,273,062 11,984,010 7,886,438 - - - - - - - - - 36,143,510 232,788,638 16% Department of Community Investment Studebaker/Oliver Revitalizing Grant 209 1,243 751 - - - - - - - - - - 1,993 126,313 2% Economic Development State Grants 210 - - - - - - - - - - - - - - NA DCI Operating 211 433,107 486,202 361,895 - - - - - - - - - 1,281,204 4,957,429 26% DCI Grants 212 444,820 91,159 155,921 - - - - - - - - - 691,900 8,868,768 8% Unsafe Building 219 7,123 2,415 6,310 - - - - - - - - - 15,848 25,788 61% Rental Units Regulation 221 2,060 2,305 3,250 - - - - - - - - - 7,615 114,301 7% Neighborhood Services & Enforcement 230 450,414 354,729 342,938 - - - - - - - - - 1,148,081 5,432,852 21% Animal Resource Center 230 136,988 117,885 105,113 - - - - - - - - - 359,986 1,454,754 25% UDAG 410 - - - - - - - - - - - - - - NA Building Dept Operations 600 169,998 129,178 134,952 - - - - - - - - - 434,129 2,065,200 21% Industrial Revolving Fund 754 749 25,338 4,478 - - - - - - - - - 30,566 387,787 8% Total Dept of Community Investment 1,646,502 1,209,961 1,114,858 - - - - - - - - - 3,971,320 23,433,191 17% Capital & Debt Service Funds 2017 Park Bond Debt Service 312 575,108 - - - - - - - - - - - 575,108 1,173,390 49% 2018 Fire Station #9 Debt Service 350 169,741 - - - - - - - - - - - 169,741 342,756 50% Local Income Tax - Certified Shares 404 - - - - - - - - - - - - - - NA Cumulative Capital Development 406 41,667 41,667 41,667 - - - - - - - - - 125,000 500,000 25% Cumulative Capital Improvement 407 6,250 6,250 6,250 - - - - - - - - - 18,750 75,000 25% Local Income Tax - Economic Develop.408 1,733,678 3,231,292 1,833,592 - - - - - - - - - 6,798,562 26,184,739 26% 2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital 453 - - - - - - - - - - - - - - NA 2021 Infrastructure Bond Capital 455 - - - - - - - - - - - - - 46,983 0% 2017 Park Bond Capital 471 - - - - - - - - - - - - - 444,818 0% Equipment / Vehicle Leasing 750 - - - - - - - - - - - - - - NA Redevelopment Authority Debt Service 752 - 5,447,590 6,278 - - - - - - - - - 5,453,867 11,160,724 49% South Bend Building Corporation 755 - 871,996 - - - - - - - - - - 871,996 1,436,855 61% 2015 Smart Streets Bond Debt Service 756 - 852,334 - - - - - - - - - - 852,334 1,707,819 50% 2015 Park Bond Debt Service 757 - 187,591 - - - - - - - - - - 187,591 373,231 50% 2017 Eddy St. Commons Bond Capital 759 - - - - - - - - - - - - - - NA 2017 Eddy St. Commons Bond Debt 760 - 978,750 - - - - - - - - - - 978,750 1,951,250 50% Total Capital & Debt Service 2,526,443 11,617,469 1,887,786 - - - - - - - - - 16,031,699 45,397,566 35% Internal Service Funds Central Services Equipment Services 222 865,697 845,957 785,876 - - - - - - - - - 2,497,530 10,902,148 23% Radio Shop 222 34,902 28,507 32,494 - - - - - - - - - 95,903 383,529 25% Building Maintenance 222 37,923 26,324 24,140 - - - - - - - - - 88,387 296,036 30% Facilities Management 222 14,520 10,986 10,986 - - - - - - - - - 36,491 233,576 16% Central Services Capital 222 62,500 - 4,052 - - - - - - - - - 66,552 541,125 12% Subtotal 1,015,542 911,774 857,546 - - - - - - - - - 2,784,862 12,356,413 23% 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: March 31, 2026 Liability Insurance Business Insurance 226 99,541 - 27,395 - - - - - - - - - 126,936 1,500,153 8% Liability Insurance 226 155,926 124,905 337,024 - - - - - - - - - 617,855 1,345,892 46% Workers Compensation 226 278,936 44,916 69,914 - - - - - - - - - 393,766 1,386,500 28% Catastrophic Events 226 - - - - - - - - - - - - - 92,733 0% Subtotal 534,402 169,821 434,333 - - - - - - - - - 1,138,556 4,325,278 26% IT / Innovation /311 Call Center 279 2,156,353 855,091 848,002 - - - - - - - - - 3,859,447 17,664,877 22% Self-Funded Employee Benefits 711 1,633,666 2,007,173 1,629,830 - - - - - - - - - 5,270,669 20,122,522 26% Unemployment Compensation 713 2,439 4,503 8,336 - - - - - - - - - 15,278 82,500 19% Parental Leave 714 27,634 19,733 1,192 - - - - - - - - - 48,560 100,000 49% Total Internal Service Funds 5,370,038 3,968,095 3,779,239 - - - - - - - - - 13,117,372 54,651,591 24% Other Miscellaneous Gift, Donation, Bequest 217 129,484 6,650 5,191 - - - - - - - - - 141,325 1,058,889 13% Loss Recovery 227 - 156,000 - - - - - - - - - - 156,000 410,000 38% Human Rights Federal Grants 258 23,366 38,776 23,491 - - - - - - - - - 85,633 523,325 16% American Rescue Plan 263 - - 1,153 - - - - - - - - - 1,153 1,279 90% COVID-19 Response 264 - - - - - - - - - - - - - - NA Sub Total 152,850 201,426 29,834 - - - - - - - - - 384,111 1,993,493 19% Fiduciary Funds Fire Pension 701 344,539 335,939 355,630 - - - - - - - - - 1,036,108 4,528,750 23% Police Pension 702 524,315 511,662 511,744 - - - - - - - - - 1,547,722 5,989,900 26% Sub Total 868,855 847,601 867,374 - - - - - - - - - 2,583,830 10,518,650 25% Total Other 1,021,705 1,049,028 897,208 - - - - - - - - - 2,967,940 12,512,143 24% Total Civil City 47,569,744 41,977,617 31,897,699 - - - - - - - - - 121,445,060 573,143,773 21% Redevelopment Commission Controlled Funds Tax Increment Financing Funds TIF River West Development Area 324 6,418,627 2,028,279 1,064,179 - - - - - - - - - 9,511,086 52,321,897 18% TIF West Washington 422 177,545 85,090 220,447 - - - - - - - - - 483,082 1,655,620 29% TIF River East Development Area 429 1,346,679 988,573 65,359 - - - - - - - - - 2,400,610 27,951,886 9% TIF Southside Development #1 430 3,900 344,344 36,806 - - - - - - - - - 385,050 8,569,515 4% TIF Douglas Road 435 - - - - - - - - - - - - - 74,741 0% TIF River East Residential Area 436 2,212,250 96,320 - - - - - - - - - - 2,308,570 16,473,616 14% Sub Total 10,159,002 3,542,606 1,386,791 - - - - - - - - - 15,088,398 107,047,275 14% Redevelopment Funds Redevelopment General 433 676,246 25,021 77,649 - - - - - - - - - 778,916 2,408,829 32% Certified Technology Park 439 - - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital 452 - - - - - - - - - - - - - - NA Airport Urban Enterprise Zone 454 - - - - - - - - - - - - - - NA 2024 South Bend Redevelopment Authority 457 - - 226,602 - - - - - - - - - 226,602 14,696,103 2% 2024 RDA Bond Proceeds (Four Winds)458 6,409,674 37,942 2,652,603 - - - - - - - - - 9,100,219 19,343,494 47% Airport Urban Enterprise Zone 456 20,902 311,836 110,337 - - - - - - - - - 443,074 9,927,734 4% Sub Total 7,106,821 374,799 3,067,192 - - - - - - - - - 10,548,812 46,376,160 23% Debt Service Funds 2019 South Shore Double Tracking Res.315 - - - - - - - - - - - - - - NA Airport 2003 Debt Reserve 328 - - - - - - - - - - - - - - NA SBCDA 2003 Debt Reserve 352 - 512,625 - - - - - - - - - - 512,625 1,030,000 50% 2020 TIF Library Bond Debt Reserve 353 - - - - - - - - - - - - - - NA Sub Total - 512,625 - - - - - - - - - - 512,625 1,030,000 50% Total Redevelopment Funds 17,265,823 4,430,029 4,453,983 - - - - - - - - - 26,149,835 154,453,435 17% Total Expenditures 64,835,567 46,407,646 36,351,682 - - - - - - - - - 147,594,895 727,597,209 20% Civil City Debt Capital Leases 218 2021 Vehicle/Equip Lease #1 2021 N/A 2026 Various Biannual 3,691,270 751,473 - 751,473 5,460 756,933 - 220 2022 IT Networking Equipment Lease 2022 N/A 2026 279 Annual 166,343 33,546 - 33,546 1,317 34,863 - 225 2022 Vehicle/Equip Lease 2022 N/A 2027 Various Biannual 8,042,233 2,488,848 - 1,649,526 48,833 1,698,359 839,322 228 2023 Dell Computer Equipment Lease 11 2023 N/A 2026 279 Annual 414,528 107,230 - 107,230 8,392 115,622 - 229 2023 Dell Computer Equipment Lease 12 2023 N/A 2027 279 Annual 14,136 5,748 - 2,824 204 3,028 2,924 230 2023 Vehicle/Equip Lease 2023 N/A 2028 Various Biannual 6,949,500 3,585,130 - 1,392,787 125,950 1,518,737 2,192,343 234 2024 Vehicle/Equip Lease 2024 N/A 2029 Various Biannual 10,159,750 7,194,521 - 1,951,156 278,537 2,229,693 5,243,365 236 2024 Vehicle/Equip Lease 2024 N/A 2029 201 Annual 420,757 293,946 - 68,199 14,697 82,896 225,747 237 2024 Dell Computer Equipment Lease 13 2024 N/A 2027 279 Annual 269,717 147,422 - 58,770 8,660 67,429 88,652 242 2025 Vehicle/Equip Lease 2025 N/A 2030 Various Biannual 7,424,128 6,689,452 - 1,396,748 224,240 1,620,988 5,292,704 243 2025 Dell Computer Equipment Lease 14 2025 N/A 2028 279 Annual 289,301 205,363 - 60,712 11,613 72,325 144,651 Total Civil City Capital Lease Debt 37,841,664 21,502,679 - 7,472,971 727,903 8,200,874 14,029,707 Amount Issued Debt at 1/1/26 2026 Additions 2026 Principal 2026 Interest City of South Bend Fiscal Year 2026 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2026 Total Debt Payments Debt at 12/31/26Pmts Amount Issued Debt at 1/1/26 2026 Additions 2026 Principal 2026 Interest City of South Bend Fiscal Year 2026 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2026 Total Debt Payments Debt at 12/31/26Pmts Bonds 69 2009 Water Works Revenue Bonds, Series B 2009 2019 2030 625 Biannual 2,814,257 1,665,000 - 360,000 107,558 467,558 1,305,000 80 2020 Sewage Works Revenue Bonds Refunding 2010 2010 2020 2030 649 Biannual 4,830,000 2,570,000 - 475,000 102,800 577,800 2,095,000 99 2012 Water Works Revenue Bonds 2012 N/A 2033 625 Biannual 8,300,000 3,430,000 - 430,000 127,174 557,174 3,000,000 101 2012 Sewage Works Revenue Bonds 2012 N/A 2032 649 Biannual 25,000,000 10,425,000 - 1,340,000 270,960 1,610,960 9,085,000 116 2013 Bldg Corp Mortgage Bonds (Fire St #5 & Training Tower)2013 N/A 2033 755 Biannual 5,580,000 2,880,000 - 305,000 106,493 411,493 2,575,000 141 2015 Redev Authority Lease Rental Revenue Bonds (Parks)2015 N/A 2035 757 Biannual 5,605,000 3,340,000 - 260,000 113,231 373,231 3,080,000 156 2016 Waterworks Refunding Bonds 2016 N/A 2027 625 Biannual 3,300,000 320,000 - 310,000 14,250 324,250 10,000 163 2017 Taxable Econ. Develop. Revenue Bonds (Eddy St Phase II)2017 N/A 2037 760 Biannual 25,000,000 21,150,000 - 905,000 1,046,250 1,951,250 20,245,000 165 2017 Park District Bonds, Series 2017A-K 2017 N/A 2033 312 Biannual 14,075,000 7,840,000 - 940,000 233,390 1,173,390 6,900,000 168 2018 General Obligation Bonds (Fire St #9 & Training Classroom)2018 N/A 2038 287 Biannual 5,045,000 3,525,000 - 235,000 107,756 342,756 3,290,000 175 2018 Econ. Develop. Revenue Bonds (Potawatomi Zoo)2018 N/A 2034 408 Biannual 3,440,000 2,210,000 - 220,000 107,750 327,750 1,990,000 215 2021 Bldg Corp LIT Lease Rental Revenue Bonds (Infrastructure)2021 N/A 2036 755 Biannual 7,610,000 5,895,000 - 445,000 201,700 646,700 5,450,000 219 2021 Sewage Works Refunding Revenue Bonds (Ref 2009 & 2011)2021 N/A 2031 649 Biannual 12,450,000 7,565,000 - 1,265,000 276,450 1,541,450 6,300,000 221 2022 Morris Performing Arts Center Revenue Bonds 2022 N/A 2046 752 Biannual 6,395,000 5,710,000 - 205,000 171,350 376,350 5,505,000 222 2022 Economic Develop Revenue Bonds (Zoo Project)2022 N/A 2042 755 Biannual 5,715,000 4,920,000 - 245,000 133,663 378,663 4,675,000 227 2023 RDA Lease Rental Revenue Bonds Series A (River West & River East)2023 N/A 2041 752 Biannual 29,155,000 28,625,000 - 1,330,000 1,415,125 2,745,125 27,295,000 235 2023 Sewage Works Revenue Bonds 2023 N/A 2044 649 Biannual 32,150,000 31,425,000 - 1,036,000 857,903 1,893,903 30,389,000 238 2024 Water Works Revenue Bonds (SRF)2024 N/A 2045 625 Biannual 10,743,000 10,743,000 - 5,000 70,887 75,887 10,738,000 Total Civil City Bond Debt 234,647,257 157,333,000 - 13,206,000 5,642,389 18,848,389 144,127,000 Interfund Loan 84 2013 Major Moves-Triangle Development Interfund Loan 2011 2013 2029 436 Biannual 1,558,050 404,822 - 113,360 7,532 120,892 291,462 Total Civil City Interfund Loan Debt 1,558,050 404,822 - 113,360 7,532 120,892 291,462 Loan Payable 68 2009 Water Works Improvements - State Revolving Fund 2009 N/A 2030 625 Biannual 427,400 116,882 - 27,262 4,398 31,660 89,620 139 2015 Century Center Energy QECB Conservation Bond 2015 N/A 2031 672 Biannual 4,167,897 1,853,754 - 321,964 62,093 384,057 1,531,790 Total Civil City Loan Payable Debt 4,595,297 1,970,636 - 349,226 66,491 415,717 1,621,410 Total Civil City Debt 278,642,268 181,211,137 - 21,141,557 6,444,315 27,585,872 160,069,580 Redevelopment Commission Debt Revenue Bonds 54 2015 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2015 2027 436 Biannual 36,000,000 16,175,000 - 1,920,000 546,106 2,466,106 14,255,000 62 2013 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2013 2026 324 Biannual 4,655,000 160,000 - 160,000 3,000 163,000 - 135 2015 Redev Authority Lease Rental Revenue Bonds (Smart Streets)2015 N/A 2037 324 Biannual 25,000,000 16,170,000 - 1,190,000 515,819 1,705,819 14,980,000 169 2018 Redev District Revenue Bonds (Parks Improvements)2018 N/A 2033 324 Biannual 11,995,000 6,610,000 - 795,000 192,375 987,375 5,815,000 200 2019 South Shore Double Tracking Bonds 2019 N/A 2030 324 Biannual 7,985,000 4,105,000 - 835,000 195,000 1,030,000 3,270,000 210 2020 TIF Library Bonds 2020 N/A 2037 324 Biannual 4,225,000 3,235,000 - 245,000 78,415 323,415 2,990,000 239 2024A RDA Lease Rental Revenue Bonds (Four Winds Field)2024 N/A 2044 458 Biannual 44,860,000 44,130,000 - 1,520,000 2,001,488 3,521,488 42,610,000 240 2024B RDA Taxable Lease Rental Revenue Bonds (Madison Lifestyle District)2024 N/A 2041 457 Biannual 24,480,000 24,320,000 - 605,000 1,283,596 1,888,596 23,715,000 245 2025 Redev District Taxable Revenue Bonds (Drewery's Residential Infrastructure Loan)2025 N/A 2041 324 Biannual 2,570,000 2,570,000 - 10,000 85,824 95,824 2,560,000 Total Redevelopment Revenue Bond Debt 161,770,000 117,475,000 - 7,280,000 4,901,622 12,181,622 110,195,000 Total Redevelopment Commission Debt 161,770,000 117,475,000 - 7,280,000 4,901,622 12,181,622 110,195,000 Total Debt 440,412,268 298,686,137 - 28,421,557 11,345,937 39,767,493 270,264,580 City of South Bend Staffing Headcount Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 8 7 7 7 Community Initiatives - - - Community Police Review Board 1 1 1 1 City Clerk 4 3 4 4 Common Council 11 10 10 10 Controller's Office 24 21 25 25 Human Resources 7 7 6 6 Diversity & Inclusion 3 2 2 2 Human Rights 6 4 6 6 Legal Department 13 13 14 14 Engineering 29 23 25 25 Police Department 299 279 293 293 Police Crime Lab 7 8 8 8 Fire Department 256 246 257 257 EMS 4 3 4 4 672 627 662 662 - - - - - - - - - 201 - Parks & Recreation Community Inititatives 8 7 8 8 Administration 4 4 2 2 Maintenance 44 41 41 41 Golf Courses 9 8 8 8 Recreational Experiences 7 8 7 7 Community Programming 16 10 10 10 Development & Promotions 10 6 5 5 Visitor Experience 13 18 23 23 111 102 104 104 - - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 57 49 56 56 Curb & Sidewalk 8 6 8 8 65 55 64 64 - - - - - - - - - 211 - Dept of Community Investment Operating Community Investment 26 24 23 23 Historic Preservation 2 2 1 1 Office of Sustainability 2 1 1 1 30 27 25 25 - - - - - - - - - 3/31/2026 City of South Bend Staffing Headcount 3/31/2026 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 - 222 - Central Services Equipment Services 30 27 29 29 Radio Shop 3 2 2 2 Building Maintenance 3 2 4 4 Facilities Management 2 1 1 1 38 32 36 36 - - - - - - - - - 230 - Code Enforcement Fund Neighborhood Services 37 28 34 34 Animal Resource Center 10 8 11 11 47 36 45 45 - - - - - - - - - 258 - Human Rights Federal Grants EEOC 1 - 1 1 HUD 1 1 1 1 2 1 2 2 - - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center 15 16 16 16 Innovation & Technology 32 29 30 30 47 45 46 46 - - - - - - - - - 600 - Consolidated Building Fund Building Department 17 13 16 16 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 8 9 4 4 610 - Solid Waste Solid Waste 25 25 24 24 620 - Water Works Water Works 65 53 59 59 640 - Sewer Insurance Sewer Repair 2 2 2 2 City of South Bend Staffing Headcount 3/31/2026 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 641 - Sewage Works Sewers 35 30 36 36 Concrete Crew 4 4 4 4 Wastewater 45 40 42 42 Organic Resources 7 6 6 6 91 80 88 88 - - - - - - - - - 667 - Storm Sewer Storm Sewer - 1 1 1 - - - - - - 670 - Century Center Century Center 7 3 3 3 Total Full-Time Employees by Fund 1,227 1,112 1,180 1,180 - - - - - - - - - Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec General Government Mayor's Office 8 7 7 7 - - - - - - - - - City Clerk 4 3 4 4 - - - - - - - - - Community Police Review Board 1 1 1 1 - - - - - - - - - Common Council 11 10 10 10 - - - - - - - - - Controller's Office 24 21 25 25 - - - - - - - - - Human Resources 7 7 6 6 - - - - - - - - - Diversity & Inclusion 3 2 2 2 - - - - - - - - - Human Rights 8 5 8 8 - - - - - - - - - Legal Department 13 13 14 14 - - - - - - - - - Central Services 38 32 36 36 - - - - - - - - - 117 101 113 113 - - - - - - - - - Public Works Engineering 29 23 25 25 - - - - - - - - - Streets & Sewers 106 92 106 106 - - - - - - - - - Solid Waste 25 25 24 24 - - - - - - - - - Wastewater 45 40 42 42 - - - - - - - - - Organic Resources 7 6 6 6 - - - - - - - - - Water Works 65 53 59 59 - - - - - - - - - 277 239 262 262 - - - - - - - - - City of South Bend Staffing Headcount 3/31/2026 Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Public Safety Police 257 287 301 301 - - - - - - - - - Fire/EMS 253 249 261 261 - - - - - - - - - 510 536 562 562 - - - - - - - - - Venues, Parks & Arts Parks & Recreation 111 102 104 104 - - - - - - - - - Morris Performing Arts Center 8 9 4 4 - - - - - - - - - Century Center 7 3 3 3 - - - - - - - - - Visitor Experience 13 18 23 23 - - - - - - - - - 139 114 111 111 - - - - - - - - - Department of Community Investment Community Investment 28 26 24 24 - - - - - - - - - Office of Sustainability 2 1 1 1 - - - - - - - - - Neighborhood Services 37 29 34 34 - - - - - - - - - Animal Resource Center 10 8 11 11 - - - - - - - - - Building Department 17 13 16 16 - - - - - - - - - 94 77 86 86 - - - - - - - - - Department of Innovation & Technology 47 45 46 46 - - - - - - - - - Total Full-Time Employees by Activity 1,184 1,112 1,180 1,180 - - - - - - - - - City of South Bend Staffing Headcount 3/31/2026 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 - - - - - - - - - - - - Common Council - - - - - - - - - - - - Controller's Office - - - - - - - - - - - - Human Resources - - - - - - - - - - - - Diversity & Inclusion - - - - - - - - - - - - Human Rights - - - - - - - - - - - - Mayor's Office - - - - - - - - - - - - Legal Department - - - - - - - - - - - - Engineering 2 1 1 Police Department 23 26 26 Police Crime Lab - - - Fire Department 1 1 1 26 28 28 - - - - - - - - - 201 - Parks & Recreation Administration - - - - - - - - - - - - Commmunity Initiatives 21 22 22 Maintenance 20 19 19 Golf Courses 58 56 56 Recreational Experiences 13 12 12 Community Programming 11 13 13 Development & Promotions - - - Visitor Experience 19 24 24 142 146 146 - - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 5 5 5 Curb & Sidewalk - - - - - - - - - - - - 5 5 5 - - - - - - - - - 211 - Department of Community Investment Community Investment - - - - - - - - - - - - Historic Preservation - - - - - - - - - - - - - - - - - - - - - - - - 222 - Central Services Equipment Services - 1 1 Radio Shop - - - Building Maintenance 1 - - 1 1 1 - - - - - - - - - City of South Bend Staffing Headcount 3/31/2026 230 - Code Enforcement Fund Neighborhood Services - 2 2 Animal Resource Center 1 3 3 1 5 5 - - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center - - - Innovation & Technology 1 1 1 1 1 1 - - - - - - - - - 600 - Consolidated Building Fund Building Department - - - - - - - - - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 20 20 20 610 - Solid Waste Solid Waste - - - - - - - - - - - - 620 - Water Works Water Works 1 - - - - - - - - - - - 641 - Sewage Works Sewers 4 5 5 Concrete Crew - - - Wastewater - - - Organic Resources 1 1 1 5 6 6 - - - - - - - - - 670 - Century Center Century Center - 2 - Total Part-Time Employees by Fund 202 214 212 - - - - - - - - - Paid Temporary, Seasonal, and Intern Staffing Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 2 5 5 City Clerk - 1 1 Common Council 1 4 4 Controller's Office 1 1 1 Human Resources - - - Diversity & Inclusion - - - Legal Department 1 1 1 Engineering - - - Police Department 3 1 1 Police Crime Lab - - - Fire Department - - - EMS - - - 8 13 13 - - - - - - - - - City of South Bend Staffing Headcount 3/31/2026 201 - Parks & Recreation Administration - - - Community Initiatives 4 4 - Maintenance 3 - 4 Golf Courses 3 3 3 Recreational Experiences 38 31 31 Community Programming 10 11 11 Development & Promotions - - - Visitor Experience - - - 58 49 49 - - - - - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 1 1 1 Curb & Sidewalk - - - 1 1 1 - - - - - - - - - 211 - Department of Community Investment DCI - - 1 - - - - - 222 - Central Services Equipment Services - - - - - - - - - - - - Building Maintenance - - - - - - - - - - - - Radio Shop - - - - - - - - - - - - - - - - - - - - - - - - 230 - Code Enforcement Fund Neighborhood Services - - - - - - - - - - - - Animal Resource Center - - - - - - - - - - - - - - - - - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center - - - Innovation & Technology 4 3 3 4 3 3 - - - - - - - - - 610 - Solid Waste Solid Waste - - - - - - - - - - - - 620 - Water Works Water Works - - - - - - 640 - Sewer Insurance Sewer Repair - - - - - - - - - - - - City of South Bend Staffing Headcount 3/31/2026 641 - Sewage Works Sewers - - Concrete Crew - - - Wastewater - - - Organic Resources - - - - - - - - - - - - - - - 655 - Project ReLeaf Leaf Pickup 1 - - - - - - - - Total Paid Temporary, Seasonal, and Intern Staff 72 66 67 - - - - - - - - - Staffing Summary Budget Full- Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Full Time Staff 1,227 1,112 1,180 1,180 - - - - - - - - - Part Time Staff 202 214 212 - - - - - - - - - Temporary / Seasonal 72 66 67 - - - - - - - - - City Total 1,227 1,386 1,460 1,459 - - - - - - - - - City of South Bend, Indiana Monthly Financial Report 3/31/2026 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 48,636,181 48,636,181 56,233,109 53,563,962 54,210,733 - - 54,210,733 0% Local Income Taxes 14,189,571 14,189,571 12,790,038 13,285,318 13,354,067 2,941,411 2,941,411 10,412,656 22% Intergov./ Shared Revenues 4,032,969 4,032,969 2,403,428 5,215,827 2,687,097 94,652 94,652 2,592,445 4% Intergov./ Grants - - - - - - - - - Licenses & Permits 219,971 219,971 278,361 273,512 273,512 131,463 131,463 142,049 48% Charges for Services 5,630,413 5,630,413 6,992,248 4,580,267 6,637,247 1,871,057 1,871,057 4,766,190 28% Fines, Forfeitures, and Fees 9,045 9,045 2,850 5,000 5,000 800 800 4,200 16% Interest Earnings 2,940,561 2,940,561 3,383,144 1,070,485 1,826,628 340,282 340,282 1,486,346 19% Donations 1,726,912 1,726,912 2,088,049 - - - - - - Other Income 1,400,222 1,400,222 2,406,784 1,231,000 611,600 283,470 283,470 328,130 46% Interfund Allocation Reimb 10,597,451 10,597,451 11,676,027 11,676,027 11,879,904 2,951,952 2,951,952 8,927,951 25% Interfund Transfers In 13,865,143 13,865,143 575,000 575,000 1,375,000 543,750 543,750 831,250 40% PILOT 6,095,594 6,095,594 5,765,661 5,765,661 5,975,482 2,987,741 2,987,741 2,987,741 50% Debt Proceedings 1,827,500 1,827,500 2,516,000 2,176,000 2,882,000 - - 2,882,000 0% Total Revenue 111,171,535 111,171,535 107,110,700 99,418,059 101,718,270 12,146,578 - 12,146,578 89,571,691 12% Expenditures by Subdivisions Mayor 970,586 1,052,036 1,108,738 1,253,668 1,241,712 302,387 2,156 304,543 937,169 25% Community Initiatives - - - - - - - - - - Community Police Review Office 58,461 100,999 126,667 131,095 143,068 36,888 9,429 46,317 96,751 32% City Clerk 550,428 539,960 518,225 629,328 600,961 130,867 17,581 148,448 452,514 25% Common Council 650,968 600,357 746,981 1,103,064 938,039 210,543 96,568 307,112 630,928 33% Youth Council - 7,464 7,872 12,000 17,752 6,301 - 6,301 11,451 35% General City 11,084,877 9,205,279 11,588,246 23,703,879 14,587,243 4,787,694 5,348,079 10,135,773 4,451,470 69% Finance 2,594,482 2,936,333 3,505,441 4,019,093 4,250,824 872,620 50,312 922,932 3,327,892 22% Human Resources 774,441 857,259 872,680 1,007,893 1,000,848 263,372 13,017 276,389 724,459 28% Diversity & Inclusion 402,397 538,121 463,493 745,807 630,173 67,216 112,591 179,807 450,366 29% Human Rights General 325,254 552,311 634,609 785,066 813,641 168,901 30,215 199,116 614,524 24% Legal Dept 1,581,443 1,804,101 1,841,420 2,117,901 2,066,518 492,473 5,615 498,088 1,568,430 24% Police General 40,788,073 40,187,026 44,806,105 47,124,915 57,619,452 12,278,039 579,637 12,857,676 44,761,776 22% Crime Lab 837,475 899,435 835,056 1,049,529 1,035,624 230,401 2,257 232,658 802,966 22% Police Other - - - - - - - - - - Fire General 29,914,764 29,724,270 33,888,933 31,423,348 41,436,007 9,096,158 686,081 9,782,239 31,653,768 24% EMS 1,396,009 902,300 905,409 835,790 872,385 195,822 68,885 264,707 607,678 30% Fire Training Center 71,739 89,391 102,854 85,450 47,500 23,135 14,023 37,158 10,342 78% Park Administration 5,372,562 6,000,000 4,100,000 4,100,000 2,000,000 500,000 - 500,000 1,500,000 25% Park Maintenance 1,891,368 1,723,084 936,245 1,021,813 51,457 41,502 9,981 51,483 (26) 100% Parks & Recreation - - - - 873,000 112,265 631,939 744,204 128,796 85% Repairs & Maint-Other R&M 48,047 7,939 - 28 2,500,028 - - - 2,500,028 0% Morris PAC 184 - (990) - - - - - - - Palais Royale 182,642 167,297 170,650 234,072 215,675 30,651 30,050 60,701 154,973 28% Engineering 3,408,849 3,859,565 4,084,676 5,236,328 5,264,561 1,023,048 433,826 1,456,874 3,807,687 28% Sustainability - - 313 33,000 - - - - - - AmeriCorps - - - - - - - - - - Streets & Sewers 3,437,500 5,500,000 4,500,000 4,500,000 2,000,000 500,000 - 500,000 1,500,000 25% Curb & Sidewalk 1,375,000 1,600,000 1,600,000 1,600,000 900,000 225,000 - 225,000 675,000 25% Street Signals and Lighting 1,314,108 1,392,066 1,259,523 - 1,400,000 374,709 - 374,709 1,025,291 27% Total Expenditures 109,031,656 110,246,594 118,603,147 132,753,067 142,506,469 31,969,995 8,142,239 40,112,234 102,394,233 28% Expenditures by Type Personnel Salaries & Wages 44,671,983 41,804,149 48,271,823 45,389,114 62,897,782 12,687,888 - 12,687,888 50,209,893 20% Fringe Benefits 17,058,576 18,205,663 19,440,515 23,021,494 24,385,516 5,811,520 - 5,811,520 18,573,996 24% Other Personnel Costs - - - - - - - - - - Total Personnel 61,730,559 60,009,812 67,712,338 68,410,608 87,283,297 18,499,408 - 18,499,408 68,783,889 21% Supplies 2,708,357 3,224,349 3,099,151 3,901,424 3,915,113 915,336 865,768 1,781,104 2,134,009 45% Services & Charges Professional Services 2,667,148 2,371,140 2,436,930 3,170,353 2,955,311 574,082 722,675 1,296,757 1,658,554 44% Printing & Advertising 205,374 184,178 189,387 347,511 220,869 57,116 29,411 86,527 134,342 39% Utilities 1,895,474 1,978,372 2,061,838 646,509 2,179,430 594,916 - 594,916 1,584,514 27% Repairs & Maintenance 3,632,029 3,895,675 4,280,880 3,117,559 5,331,113 1,005,007 366,709 1,371,716 3,959,398 26% Education & Training 215,268 248,381 282,484 381,934 392,824 58,431 33,558 91,990 300,834 23% Travel 82,894 108,540 68,034 97,585 89,300 23,643 23,635 47,278 42,023 53% Grants & Subsidies 9,970 16,801 18,943 357,000 57,000 11,273 2,400 13,673 43,327 24% Other Services & Charges 11,397,381 8,372,717 5,324,817 14,441,662 11,645,863 2,215,425 5,460,610 7,676,036 3,969,827 66% Debt Service Principal 193,179 673,675 2,113,746 2,973,267 2,533,363 944,582 - 944,582 1,588,781 37% Debt Service Interest & Fees 6,512 19,143 176,098 278,027 302,369 104,723 - 104,723 197,646 35% Total Services & Charges 20,305,229 17,868,621 16,953,158 25,811,407 25,707,443 5,589,199 6,638,998 12,228,197 13,479,246 48% Operating Expenditures 84,744,145 81,102,782 87,764,648 98,123,438 116,905,854 25,003,943 7,504,766 32,508,709 84,397,144 28% Capital 3,571,224 5,157,047 8,442,941 12,712,371 8,198,700 2,601,768 637,474 3,239,241 4,959,458 40% Bad Debt 1,016 1,409 550 - - - - - - - Interfund Interfund Allocations 9,662,209 10,885,357 12,195,008 11,717,052 12,501,710 3,139,284 - 3,139,284 9,362,426 25% Interfund Transfers Out 11,053,062 13,100,000 10,200,000 10,200,206 4,900,206 1,225,000 - 1,225,000 3,675,206 25% Total Interfund 20,715,271 23,985,357 22,395,008 21,917,257 17,401,916 4,364,284 - 4,364,284 13,037,632 25% Total Expenditures 109,031,656 110,246,594 118,603,147 132,753,067 142,506,469 31,969,995 8,142,239 40,112,234 102,394,234 28% Net Surplus / (Deficit)2,139,879 924,941 (11,492,448) (33,335,008) (40,788,199) (19,823,416) (27,965,656) Beginning Cash Balance 54,208,073 53,544,921 54,208,073 54,208,073 Cash Adjustments (2,803,031) (261,789) 48,695,826 - Ending Cash Balance 53,544,921 54,208,073 91,411,452 13,419,874 59,569,932 Cash Reserves Target 54,515,828 55,123,297 59,301,574 71,253,234 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 3/31/2026 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 970,586 1,052,036 1,108,738 1,253,668 1,241,712 302,387 2,156 304,543 937,169 25% Community Initiatives - - - - - - - - - - Community Police Review Office 58,461 100,999 126,667 131,095 143,068 36,888 9,429 46,317 96,751 32% City Clerk 550,428 539,960 518,225 629,328 600,961 130,867 17,581 148,448 452,514 25% Common Council 650,968 600,357 746,981 1,103,064 938,039 210,543 96,568 307,112 630,928 33% Youth Council - 7,464 7,872 12,000 17,752 6,301 - 6,301 11,451 35% General City 11,084,877 (1,569,796) 11,588,246 22,945,641 9,142,705 3,369,205 2,697,220 6,066,425 3,076,280 66% American Rescue Plan - 10,775,075 - 758,238 5,444,538 1,418,489 2,650,859 4,069,348 1,375,190 75% Finance 2,594,482 2,936,333 3,505,441 4,019,093 4,250,824 872,620 50,312 922,932 3,327,892 22% Human Resources 774,441 857,259 872,680 1,007,893 1,000,848 263,372 13,017 276,389 724,459 28% Diversity & Inclusion 402,397 538,121 463,493 745,807 630,173 67,216 112,591 179,807 450,366 29% Human Rights General 325,254 552,311 634,609 785,066 813,641 168,901 30,215 199,116 614,524 24% Legal Dept 1,581,443 1,804,101 1,841,420 2,117,901 2,066,518 492,473 5,615 498,088 1,568,430 24% Police General 40,788,073 40,187,026 44,806,105 47,124,915 57,619,452 12,278,039 579,637 12,857,676 44,761,776 22% Crime Lab 837,475 899,435 835,056 1,049,529 1,035,624 230,401 2,257 232,658 802,966 22% Parks & Recreation - - - - - - - - - - Fire General 29,914,764 29,724,270 33,888,933 31,423,348 41,436,007 9,096,158 686,081 9,782,239 31,653,768 24% EMS 1,396,009 902,300 905,409 835,790 872,385 195,822 68,885 264,707 607,678 30% Fire Training Center 71,739 89,391 102,854 85,450 47,500 23,135 14,023 37,158 10,342 78% Park Administration 5,372,562 6,000,000 4,100,000 4,100,000 2,000,000 500,000 - 500,000 1,500,000 25% Park Maintenance 1,891,368 1,723,084 936,245 1,021,813 51,457 41,502 9,981 51,483 (26) 100% Parks & Recreation - - - - 873,000 112,265 631,939 744,204 128,796 85% Repairs & Maint-Other R&M 48,047 7,939 - 28 2,500,028 - - - 2,500,028 0% Morris PAC 184 - (990) - - - - - - - Palais Royale 182,642 167,297 170,650 234,072 215,675 30,651 30,050 60,701 154,973 28% Engineering 3,408,849 3,859,565 4,084,676 5,236,328 5,264,561 1,023,048 433,826 1,456,874 3,807,687 28% Sustainability - - 313 33,000 - - - - - - AmeriCorps - - - - - - - - - - Streets & Sewers 3,437,500 5,500,000 4,500,000 4,500,000 2,000,000 500,000 - 500,000 1,500,000 25% Curb & Sidewalk 1,375,000 1,600,000 1,600,000 1,600,000 900,000 225,000 - 225,000 675,000 25% Street Signals and Lighting 1,314,108 1,392,066 1,259,523 - 1,400,000 374,709 - 374,709 1,025,291 27% - - - - - - - - - - Total Expenditures 109,031,656 110,246,594 118,603,147 132,753,067 142,506,469 31,969,995 8,142,239 40,112,234 102,394,233 28% NOTE: For more detail, see department and division summary pages that follow. City of South Bend, Indiana Monthly Financial Report 3/31/2026 Department Name Mayor's Office Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 565,832 616,448 670,097 702,854 712,380 181,193 - 181,193 531,187 25% Fringe Benefits 187,410 188,047 186,748 270,712 260,116 46,692 - 46,692 213,424 18% Total Personnel 753,241 804,496 856,845 973,566 972,496 227,885 - 227,885 744,611 23% Supplies 3,655 5,343 4,211 5,523 6,294 1,447 1,462 2,909 3,385 46% Services & Charges Professional Services 6,946 2,738 6,399 7,000 6,669 667 194 861 5,808 13% Printing & Advertising 42,991 53,303 45,637 48,013 48,729 22,542 499 23,042 25,687 47% Repairs & Maintenance - - - 300 300 - - - 300 0% Education & Training - - - - - - - - - - Travel 1,706 44 1,513 5,000 4,625 - - - 4,625 0% Other Services & Charges 3,000 671 3,357 2,700 5,000 527 - 527 4,473 11% Total Services & Charges 54,642 56,756 56,906 63,013 65,323 23,736 693 24,429 40,893 37% Operating Expenditures 811,538 866,594 917,962 1,042,103 1,044,113 253,068 2,156 255,223 788,889 24% Interfund Allocations 159,047 185,442 190,776 211,564 197,599 49,319 - 49,319 148,279 25% Total Expenditures 970,586 1,052,036 1,108,738 1,253,668 1,241,712 302,387 2,156 304,543 937,168 25% 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 3/31/2026 Division Name Community Initiatives Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - - Grant & Subsidies - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures - - - - - - - - - - Interfund Allocations - - - - - - - - - - Total Expenditures - - - - - - - - - - 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 3/31/2026 Division Name Community Police Review Office Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 74,721 74,803 76,987 20,105 - 20,105 56,882 26% Fringe Benefits 16,101 28,180 32,982 31,517 30,089 8,827 - 8,827 21,261 29% Total Personnel 58,345 100,785 107,703 106,320 107,076 28,932 - 28,932 78,143 27% Supplies - - 3,162 4,000 3,000 (217) - (217) 3,217 -7% Services & Charges Professional Services - - 2,656 11,000 8,500 400 - 400 8,100 5% Printing & Advertising 1,000 1,000 0% Travel - - 4,208 4,000 3,707 4,223 1,679 5,902 (2,195) 159% Repairs & Maintenance - - - - - - - - - - Machinery & Equipment 116 214 263 275 175 51 - 51 124 29% Total Services & Charges 116 214 15,802 20,775 32,992 8,173 9,429 17,602 15,390 53% Operating Expenditures 58,461 100,999 131,095 143,068 36,888 9,429 46,317 96,750 32% Capital - - Interfund Allocations - - Total Expenditures 58,461 100,999 126,667 131,095 143,068 36,888 9,429 46,317 96,750 32% 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 3/31/2026 Department Name City Clerk Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 274,552 266,352 266,389 284,128 289,737 75,143 - 75,143 214,594 26% Fringe Benefits 78,663 80,928 69,019 123,760 115,376 16,907 - 16,907 98,469 15% Total Personnel 353,215 347,280 335,408 407,888 405,113 92,049 - 92,049 313,063 23% Supplies 9,689 9,263 22,546 13,708 16,470 1,962 - 1,962 14,508 12% Services & Charges Professional Services 3,763 33,432 13,286 30,000 21,826 604 44 648 21,178 3% Printing & Advertising 39,458 25,157 48,244 33,293 37,802 12,898 17,537 30,434 7,368 81% Repairs & Maintenance 1,746 6,203 5,708 5,000 5,000 25 - 25 4,975 0% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges 16,405 16,201 23,671 22,500 35,000 3,307 - 3,307 31,693 9% Bad Debt Expense (100) - - - - - - - - - Total Services & Charges 61,271 80,993 90,908 90,793 99,628 16,833 17,581 34,413 65,214 35% Operating Expenditures 424,175 437,536 448,862 512,388 521,211 110,844 17,581 128,424 392,785 25% Interfund Allocations 126,253 102,425 69,363 116,940 79,751 20,023 - 20,023 59,727 25% Total Expenditures 550,428 539,960 518,225 629,328 600,961 130,867 17,581 148,448 452,512 25% Revenue Other Income 65 65 22 - - 10 10 (10) - Interfund Transfers In - - - - - - - - - Charges for Svcs-Alley Vaca Charges - - - - - - - - - Total Revenue 65 65 22 - - 10 - 10 (10) - 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 3/31/2026 Department Name Common Council Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 205,665 211,052 260,100 393,126 299,682 80,054 - 80,054 219,628 27% Fringe Benefits 115,052 93,881 92,314 258,399 186,757 29,350 - 29,350 157,407 16% Total Personnel 320,717 304,934 352,414 651,525 486,439 109,404 - 109,404 377,035 22% Supplies 1,893 5,773 5,002 5,000 10,997 497 - 497 10,500 5% Services & Charges Professional Services 230,653 188,504 279,576 307,195 291,290 65,139 96,568 161,707 129,583 56% Printing & Advertising 15,405 18,362 34,394 26,500 25,000 9,657 - 9,657 15,343 39% Repairs & Maintenance 7,240 6,471 8,143 5,000 5,000 - - - 5,000 0% Education & Training 2,961 1,878 2,130 7,500 5,000 79 - 79 4,921 2% Travel - - - - - - - - - - Other Services & Charges 20,900 10,953 11,800 27,800 26,600 4,053 - 4,053 22,547 15% Total Services & Charges 277,159 226,167 336,043 373,995 352,890 78,928 96,568 175,497 177,394 50% Operating Expenditures 599,769 536,874 693,460 1,030,520 850,326 188,829 96,568 285,397 564,929 34% Interfund Allocations 51,198 63,484 53,522 72,544 87,713 21,714 - 21,714 65,999 25% Total Expenditures 650,968 600,357 746,981 1,103,064 938,039 210,543 96,568 307,112 630,928 33% Revenue Other Income 749 749 139 - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 749 749 139 - - - - - - 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 3/31/2026 Division Name Controller's Office Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,449,697 1,547,252 1,833,733 1,925,630 2,242,269 558,330 - 558,330 1,683,939 25% Fringe Benefits 499,994 560,891 550,480 786,389 859,603 158,655 - 158,655 700,948 18% Total Personnel 1,949,691 2,108,143 2,384,213 2,712,019 3,101,872 716,985 - 716,985 2,384,887 23% Supplies 11,893 10,524 12,119 17,315 16,606 3,881 1,024 4,904 11,701 30% Services & Charges Professional Services 345,764 452,505 729,588 878,213 644,415 29,878 47,365 77,242 567,173 12% Printing & Advertising 2,860 714 1,042 3,000 2,500 965 - 965 1,535 39% Repairs & Maintenance 7,857 4,538 4,787 2,500 2,500 4 - 4 2,496 0% Education & Training 3,583 14,984 8,731 15,000 9,021 25 1,521 1,546 7,475 17% Travel 1,019 7,646 3,666 9,000 5,526 - 403 403 5,123 7% Other Services & Charges 15,313 11,599 13,412 13,940 12,500 6,899 - 6,899 5,601 55% Total Services & Charges 376,395 491,986 761,226 921,653 676,461 37,771 49,288 87,059 589,403 13% Operating Expenditures 2,337,978 2,610,652 3,157,558 3,650,987 3,794,939 758,637 50,312 808,949 2,985,991 21% Bad Debt - - - - - - - - - - Interfund Allocations 256,504 325,681 347,884 368,106 455,885 113,983 - 113,983 341,902 25% Total Expenditures 2,594,482 2,936,333 3,505,441 4,019,093 4,250,824 872,620 50,312 922,932 3,327,893 22% 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 3/31/2026 Division Name Human Resources Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 456,149 501,578 473,295 542,094 502,607 130,441 - 130,441 372,166 26% Fringe Benefits 166,913 187,389 147,967 223,763 191,474 44,323 - 44,323 147,150 23% Total Personnel 623,062 688,967 621,262 765,857 694,081 174,765 - 174,765 519,316 25% Supplies 8,124 9,045 22,184 24,490 17,500 1,602 660 2,262 15,238 13% Services & Charges Professional Services 2,115 3,884 6,197 1,000 22,596 10,148 12,356 22,504 92 100% Printing & Advertising 3,487 2,057 637 6,500 2,174 1,053 - 1,053 1,121 48% Repairs & Maintenance 1,120 140 - - - - - - - - Education & Training 10,198 8,129 4,960 35,000 38,856 20,855 1 20,856 18,000 54% Travel 4,109 1,524 893 6,000 1,625 54 - 54 1,571 3% Other Services & Charges 4,206 5,138 3,183 10,000 5,250 299 - 299 4,951 6% Total Services & Charges 25,234 20,872 15,871 58,500 70,501 32,408 12,357 44,765 25,735 63% Operating Expenditures 656,421 718,884 659,317 848,847 782,082 208,775 13,017 221,792 560,289 28% Interfund Allocations 118,020 138,375 213,363 159,046 218,767 54,597 - 54,597 164,170 25% Total Expenditures 774,441 857,259 872,680 1,007,893 1,000,848 263,372 13,017 276,389 724,459 28% 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 3/31/2026 Division Name Diversity & Inclusion Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 165,019 211,582 187,986 271,608 196,862 22,682 - 22,682 174,180 12% Fringe Benefits 47,264 72,325 52,484 100,834 66,125 6,972 - 6,972 59,153 11% Total Personnel 212,283 283,906 240,470 372,442 262,987 29,654 - 29,654 233,333 11% Supplies 1,854 2,890 1,288 2,500 2,500 - - - 2,500 0% Services & Charges Professional Services 50,000 100,417 83,801 110,200 108,894 12,113 89,891 102,003 6,891 94% Printing & Advertising 14,834 14,009 6,023 18,500 13,000 3,845 - 3,845 9,155 30% Repairs & Maintenance - 1,084 680 - - - - - - - Education & Training 14,297 8,439 23,680 100,000 148,220 499 19,798 20,297 127,923 14% Travel 8,129 16,978 9,254 10,000 9,000 651 2,902 3,553 5,447 39% Other Services & Charges 50 1,384 1,648 8,000 5,850 542 - 542 5,308 9% Machinery & Equipment - - - - - - - - - - Total Services & Charges 87,309 142,312 125,087 246,700 284,964 17,651 112,591 130,241 154,724 46% Operating Expenditures 301,446 429,108 366,845 621,642 550,451 47,305 112,591 159,895 390,557 29% Interfund Allocations 100,951 109,013 96,647 124,165 79,722 19,912 - 19,912 59,810 25% Total Expenditures 402,397 538,121 463,493 745,807 630,173 67,216 112,591 179,807 450,367 29% Revenue Charges for Services - - 280 - - - - - - Other Income - - - - - - - - - Donations - - - - - - - - - Total Revenue - - 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 3/31/2026 Division Name Human Rights Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 141,006 253,672 346,389 404,762 430,634 98,416 - 98,416 332,218 23% Fringe Benefits 46,554 94,573 101,977 180,601 174,495 30,262 - 30,262 144,233 17% Total Personnel 187,560 348,245 448,366 585,363 605,129 128,679 - 128,679 476,451 21% Supplies 2,497 4,506 4,679 5,500 2,000 1,997 - 1,997 3 100% Services & Charges Professional Services 1,079 10,521 16,994 13,969 60,790 490 7,378 7,868 52,922 13% Printing & Advertising 2,740 25,679 9,316 8,000 10,120 432 5,120 5,552 4,568 55% Repairs & Maintenance 6,972 14,514 10,829 10,000 7,325 4,165 - 4,165 3,160 57% Education & Training 3,496 5,956 3,475 8,000 14,500 6,167 - 6,167 8,333 43% Travel 12,885 2,874 976 7,000 3,500 - - - 3,500 0% Other Services & Charges 51,739 82,681 80,578 84,113 34,177 7,965 17,717 25,681 8,495 75% Total Services & Charges 78,910 142,225 122,168 131,082 130,412 19,219 30,215 49,434 80,978 38% Operating Expenditures 268,968 494,976 575,213 721,945 737,541 149,894 30,215 180,109 557,432 24% Interfund Allocations 56,286 57,335 59,396 63,121 76,100 19,007 - 19,007 57,093 25% Total Expenditures 325,254 552,311 634,609 785,066 813,641 168,901 30,215 199,116 614,525 24% Revenue Other Income 30,000 30,000 36,347 30,000 30,000 - - 30,000 0% Total Revenue 30,000 30,000 36,347 30,000 30,000 - - 30,000 0% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The purpose of the South Bend Human Rights Commission (HRC) is to study and act upon problems which involve relationships between members of different ethnic groups, sexes, sexual orientation or gender identity, nationalities, the disabled, and families with children. The HRC's duties lie in enforcing employment, fair housing, public accommodations, and education. Their goal is to ensure equal employment opportunity for all individuals, and to provide legal recourse in the areas of discrimination. The HRC provides the keys to unlock the doors of discrimination. This division is funded by property tax revenue collected in the General Fund. This division also receives a small amount of revenue from an agreement with St. Joseph County: In 2017, the South Bend Human Rights Commission (HRC) entered into an interlocal agreement with St. Joseph County. The continued partnership with St. Joseph County, to investigate discrimination complaints, has resulted in an increase in caseload. The agreement calls for the County to reimburse HRC to support the costs associated with the increased caseload. Starting in 2019, as part of the interlocal agreement, St. Joseph County reimburses the City $30,000 a year to support the HRC. Note: Federal grants from the Department of Housing & Urban Development (HUD) and the Equal Employment Opportunity Commission (EEOC) are received in the Human Rights Federal Grants Fund (#258). Personnel - The personnel budget includes the wages and benefits for four (4) full-time employees, along with a budget for one part-time position. Human Rights also has two (2) grant-funded positions budgeted in the Human Rights Federal Grants Fund (#258) that are not represented in this budget. | Supplies - There is a small budget for office supplies. | Services - Includes office space rental and maintenance, education & training for staff members, and printing and mailing expenses. In 2022, the Director of Human Rights position was added back. The Director of Human Rights serves on the senior leadership team of the Office of Diversity and Inclusion and provide strategic leadership for the administration, operation, and functions of the HRC in accordance with the City of South Bend Human Rights Ordinance and St. Joseph County Human Rights Ordinance. The director manages staff in the identification, investigation, mediation, and adjudication of human rights discrimination claims in housing, employment, public accommodations, and education. City of South Bend, Indiana Monthly Financial Report 3/31/2026 Department Name Legal Department Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,042,113 1,113,399 1,193,391 1,258,928 1,318,863 324,983 - 324,983 993,880 25% Fringe Benefits 338,313 332,493 360,362 459,975 468,551 101,627 - 101,627 366,923 22% Total Personnel 1,380,426 1,445,892 1,553,753 1,718,903 1,787,414 426,610 - 426,610 1,360,803 24% Supplies 3,312 5,472 6,997 9,000 4,079 71 111 183 3,897 4% Services & Charges Professional Services 884 27,368 52 10,000 22 - 22 22 - 100% Other Professional Services 30 - - - - - - - - - Printing & Advertising - 150 630 1,140 504 42 462 504 - 100% Repairs & Maintenance - - - 200 - - - - - - Education & Training 17,518 5,308 10,137 15,000 6,175 464 1,425 1,889 4,287 31% Travel 3,057 3,891 4,815 10,500 7,512 - 3,512 3,512 4,000 47% Other Services & Charges 38,271 41,904 42,940 40,614 14,230 3,612 83 3,695 10,535 26% Total Services & Charges 59,761 78,621 58,573 77,454 28,443 4,117 5,504 9,621 18,822 34% Operating Expenditures 1,443,500 1,529,985 1,619,324 1,805,357 1,819,936 430,799 5,615 436,414 1,383,522 24% Bad Debt - - - - - - - - - - Interfund Allocations 137,943 274,116 222,096 312,544 246,583 61,674 - 61,674 184,909 25% Total Expenditures 1,581,443 1,804,101 1,841,420 2,117,901 2,066,518 492,473 5,615 498,088 1,568,431 24% Revenue Charges for Services 96,436 96,436 102,309 101,316 101,316 26,345 26,345 74,972 26% Other Income 153 153 - - - 40 40 (40) - Interfund Allocation Reimb - - - - - - - - - Total Revenue 96,589 96,589 102,309 101,316 101,316 26,384 26,384 74,932 26% 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 3/31/2026 Division Name Engineering Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,910,499 2,101,148 2,192,793 2,547,167 2,590,784 589,050 - 589,050 2,001,734 23% Fringe Benefits 630,051 682,563 664,557 1,006,206 936,887 184,881 - 184,881 752,006 20% Total Personnel 2,540,550 2,783,711 2,857,350 3,553,373 3,527,671 773,931 - 773,931 2,753,740 22% Supplies 141,529 114,563 22,135 396,085 459,943 3,728 346,026 349,754 110,189 76% Services & Charges Professional Services 148,601 209,055 311,186 404,500 284,735 21,284 74,047 95,331 189,403 33% Printing & Advertising 5,697 7,214 10,429 9,132 11,476 2,898 4,465 7,363 4,113 64% Repairs & Maintenance 4,649 8,303 35,095 27,854 13,376 5,141 - 5,141 8,234 38% Education & Training 23,536 18,649 10,782 22,647 22,965 3,172 2,730 5,902 17,063 26% Travel 9,885 17,063 18,375 15,555 15,555 8,172 6,417 14,589 966 94% Other Services & Charges 61,175 67,437 77,868 109,544 77,461 1,885 141 2,026 75,435 3% Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Capital Outlay 29,380 - - 1,078 41,078 - - - 41,078 0% Total Services & Charges 282,923 327,721 463,735 590,310 466,645 42,552 87,800 130,352 336,292 28% Operating Expenditures 2,965,002 3,225,996 3,343,220 4,539,767 4,454,259 820,211 433,826 1,254,037 3,200,221 28% Bad Debt - 25 - - - - - - - - Interfund Allocations 443,847 633,544 741,456 696,561 810,302 202,837 - 202,837 607,465 25% Interfund Transfers Out - - - - - - - - - - Total Expenditures 3,408,849 3,859,565 4,084,676 5,236,328 5,264,561 1,023,048 433,826 1,456,874 3,807,686 28% Revenue Licenses & Permits 82,125 82,125 126,050 127,257 127,257 48,440 48,440 78,817 38% Charges for Services 198,000 198,000 204,180 205,999 205,999 - - 205,999 0% Fines - - - - - - - - - Other Income 19,868 19,868 12,765 8,000 8,000 159 159 7,841 2% Interfund Allocation Reimb 1,567,451 1,567,451 2,090,027 2,090,027 2,145,527 526,674 526,674 1,618,853 25% Total Revenue 1,867,444 1,867,444 2,433,022 2,431,283 2,486,783 575,274 575,274 1,911,510 23% 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 3/31/2026 Division Name Office of Sustainability Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures - - - - - - - - - - Capital - - - - - - - - - - Interfund Allocations - - - - - - - - - - Total Expenditures - - - - - - - - - - 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 3/31/2026 Division Name AmeriCorps Grant Program Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3/31/2026 Department Name Police Department Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 20,025,388 18,675,261 21,013,837 20,126,077 28,057,711 5,503,286 - 5,503,286 22,554,424 20% Fringe Benefits 7,944,292 8,542,024 9,270,645 10,546,280 11,169,924 2,653,695 - 2,653,695 8,516,229 24% Total Personnel 27,969,681 27,217,285 30,284,483 30,672,357 39,227,635 8,156,982 - 8,156,982 31,070,653 21% Supplies 1,358,732 1,370,778 1,417,324 1,780,565 1,703,017 559,431 172,118 731,549 971,468 43% Services & Charges Professional Services 1,177,704 793,181 751,326 835,627 943,149 208,228 271,663 479,891 463,259 51% Printing & Advertising 74,591 30,381 23,905 155,000 45,000 1,986 1,328 3,315 41,685 7% Utilities 215,910 215,834 229,288 210,000 210,000 43,225 - 43,225 166,775 21% Repairs & Maintenance 1,196,027 1,219,505 1,196,311 1,015,943 1,025,092 279,473 55,222 334,695 690,397 33% Education & Training 2,076 - - - - - - - - - Travel 7,697 - - 250 250 - - - 250 0% Grants & Subsidies 9,970 16,801 18,943 357,000 57,000 11,273 2,400 13,673 43,327 24% Other Services & Charges 345,062 395,292 185,917 190,108 207,847 70,644 22,369 93,013 114,834 45% Debt Service Principal 193,179 673,675 2,113,746 2,973,267 2,533,363 944,582 - 944,582 1,588,781 37% Debt Service Interest & Fees 6,512 19,143 176,098 278,027 302,369 104,723 - 104,723 197,646 35% Total Services & Charges 3,228,726 3,363,811 4,695,535 6,015,222 5,324,070 1,664,135 352,982 2,017,117 3,306,954 38% Operating Expenditures 32,557,138 31,951,874 36,397,342 38,468,144 46,254,723 10,380,547 525,100 10,905,647 35,349,075 24% Capital 3,287,851 2,610,882 1,796,122 2,589,783 4,406,071 157,827 54,537 212,364 4,193,707 5% Bad Debt - - - - - - - - - - Interfund Allocations 4,943,084 5,624,271 6,612,642 6,066,989 6,958,658 1,739,665 - 1,739,665 5,218,993 25% Total Expenditures 40,788,073 40,187,026 44,806,105 47,124,915 57,619,452 12,278,039 579,637 12,857,676 44,761,775 22% Revenue Intergov./ Grants - - - - - - - - - Charges for Services - - - - - - - - - Other Income 505,716 505,716 679,805 469,000 469,000 42,181 42,181 426,819 9% Donations - - - - - - - - - Capital Lease Proceeds 1,827,500 1,827,500 2,516,000 2,176,000 2,882,000 - - 2,882,000 0% Total Revenue 2,333,216 2,333,216 3,195,805 2,645,000 3,351,000 42,181 - 42,181 3,308,819 1% 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 3/31/2026 Division Name Police Crime Lab Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 465,255 480,571 480,061 512,764 620,908 138,654 - 138,654 482,254 22% Fringe Benefits 158,621 165,904 169,587 252,687 239,341 46,697 - 46,697 192,644 20% Total Personnel 623,875 646,475 649,648 765,451 860,249 185,351 - 185,351 674,898 22% Supplies 18,860 14,842 14,093 18,233 17,352 5,098 2,257 7,354 9,997 42% Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 642,735 661,318 663,741 783,684 877,600 190,449 2,257 192,705 684,895 22% Interfund Allocations 194,740 238,117 171,315 265,845 158,024 39,953 - 39,953 118,072 25% Total Expenditures 837,475 899,435 835,056 1,049,529 1,035,624 230,401 2,257 232,658 802,967 22% Revenue Charges for Services 14,369 14,369 11,875 15,000 12,000 4,275 4,275 7,725 36% Total Revenue 14,369 14,369 11,875 15,000 12,000 4,275 4,275 7,725 36% 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 3/31/2026 Department Name Fire Department Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Expenditures by Type Personnel Salaries & Wages 16,950,271 15,498,990 19,012,890 16,122,037 25,296,800 4,900,450 - 4,900,450 20,396,349 19% Fringe Benefits 6,745,156 7,084,077 7,659,382 8,674,595 9,582,499 2,464,574 - 2,464,574 7,117,925 26% Total Personnel 23,695,427 22,583,068 26,672,272 24,796,632 34,879,299 7,365,025 - 7,365,025 27,514,274 21% Supplies 831,842 1,118,932 1,000,415 1,144,484 1,150,745 231,284 283,270 514,554 636,191 45% Services & Charges Professional Services 666,736 509,964 192,682 475,649 509,426 222,733 123,147 345,880 163,546 68% Printing & Advertising 3,129 2,779 6,713 35,433 20,565 565 - 565 20,000 3% Utilities 259,160 268,088 302,215 292,000 292,000 95,286 - 95,286 196,714 33% Repairs & Maintenance 1,216,441 1,807,473 2,011,590 1,197,418 1,265,515 343,481 253,055 596,536 668,979 47% Education & Training 133,566 181,788 218,539 171,787 141,112 25,079 8,084 33,163 107,950 24% Travel 34,408 58,519 24,333 30,280 38,000 10,542 8,723 19,265 18,735 51% Other Services & Charges 48,795 108,660 96,555 69,305 57,721 18,507 9,802 28,310 29,412 49% Total Services & Charges 2,362,234 2,937,271 2,852,626 2,271,872 2,324,339 716,193 402,810 1,119,004 1,205,336 48% Operating Expenditures 26,889,503 26,639,271 30,525,313 28,212,987 38,354,382 8,312,502 686,081 8,998,582 29,355,801 23% Interfund Allocations 3,025,261 3,084,999 3,363,620 3,210,361 3,081,625 783,656 - 783,656 2,297,968 25% Total Expenditures 29,914,764 29,724,270 33,888,933 31,423,348 41,436,007 9,096,158 686,081 9,782,239 31,653,769 24% Revenue Charges for Services 393 393 18 1,000 1,000 - - 1,000 0% Intergov./ Grants - - - - - - - - - Licenses & Permits 24,914 24,914 26,051 26,000 26,000 7,834 7,834 18,166 30% Donations 5,000 5,000 1,000 - - - - - - Other Income 18,823 18,823 22,425 1,000 1,000 115,324 115,324 (114,324) 11532% Interfund Transfers In - - - - - - - - - Total Revenue 49,130 49,130 49,494 28,000 28,000 123,158 123,158 (95,158) 440% 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 3/31/2026 Division Name Emergency Medical Services Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 919,564 170,045 177,293 173,789 170,045 49,292 - 49,292 120,753 29% Fringe Benefits 79,700 85,965 74,293 101,863 93,740 16,845 - 16,845 76,895 18% Total Personnel 999,264 256,010 251,586 275,652 263,785 66,137 - 66,137 197,648 25% Supplies 277,728 502,443 519,434 441,139 488,994 98,955 57,240 156,195 332,799 32% Services & Charges Professional Services 26,696 39,573 31,403 51,000 51,000 2,400 - 2,400 48,600 5% Printing & Advertising - - - - - - - - - - Repairs & Maintenance 7,638 15,791 23,870 5,000 5,606 6,926 11,644 18,570 (12,964) 331% Education & Training 4,037 2,960 - 4,000 4,000 - - - 4,000 0% Other Services & Charges 79,024 83,600 77,892 59,000 59,000 21,213 - 21,213 37,787 36% Total Services & Charges 117,394 141,924 133,165 119,000 119,606 30,539 11,644 42,184 77,423 35% Operating Expenditures 1,394,386 900,377 904,185 835,790 872,385 195,631 68,885 264,516 607,870 30% Bad Debt 1,116 1,384 550 - - - - - - - Interfund Allocations 507 539 674 - - 191 - 191 (191) - Total Expenditures 1,396,009 902,300 905,409 835,790 872,385 195,822 68,885 264,707 607,679 30% Revenue Charges for Services 5,138,527 5,138,527 6,546,661 4,044,580 6,095,000 1,808,119 1,808,119 4,286,881 30% Fines, Forfeitures, and Fees - - - - - - - - - Intergov./ Grants - - - - - - - - - Other Income 7,112 7,112 - - 25,000 - - 25,000 0%Interfund Transfers In - - - Total Revenue 5,145,639 5,145,639 6,546,661 4,044,580 6,120,000 1,808,119 1,808,119 4,311,881 30% 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 3/31/2026 Division Name Fire Training Center Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 32,351 46,067 38,344 24,823 - 3,314 1,600 4,914 (4,914) - Services & Charges Professional Services 6,208 - 11,375 2,000 2,000 - - - 2,000 0% Utilities 33,180 33,419 34,759 35,500 35,500 14,765 - 14,765 20,735 42% Repairs & Maintenance - 9,905 18,376 23,127 10,000 5,056 12,423 17,479 (7,479) 175% Total Services & Charges 39,388 43,325 64,510 60,627 47,500 19,821 12,423 32,244 15,256 68% Operating Expenditures 71,739 89,391 102,854 85,450 47,500 23,135 14,023 37,158 10,342 78% Total Expenditures 71,739 89,391 102,854 85,450 47,500 23,135 14,023 37,158 10,342 78% Revenue Charges for Services 52,439 52,439 2,500 50,000 50,000 - - 50,000 0% Other Income - - - - 54,000 - - 54,000 0% Total Revenue 52,439 52,439 2,500 50,000 104,000 - - - 104,000 0% 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 3/31/2026 Division Name Morris Performing Arts Center Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 184 - - - - - - - - - Utilities - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - (990) - - - - - - - Total Services & Charges 184 - (990) - - - - - - - Operating Expenditures 184 - (990) - - - - - - - Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Interfund Total - - - - - - - - - - Total Expenditures 184 - (990) - - - - - - - Revenue Charges for Services - - - - - - - - - Intergov./ Grants - - - - - - - - - Other Income - - - - - - - - - Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue - - - - - - - - - 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 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 3/31/2026 Division Name Palais Royale Ballroom Fund Number 101 Fund Type General Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 4,399 3,869 4,971 6,060 3,865 - - - 3,865 0% Services & Charges Professional Services - - - - Printing & Advertising - - - - - - - - - - Utilities 73,117 68,965 81,543 109,009 87,550 20,014 - 20,014 67,536 23% Repairs & Maintenance 49,881 42,746 34,004 61,072 68,285 - 23,623 23,623 44,662 35% Other Professional Services - - 97 - - - - - - - Other Services & Charges 19,446 17,125 11,254 22,150 18,895 1,367 6,428 7,795 11,100 41% Total Services & Charges 142,444 128,836 126,898 192,231 174,729 21,381 30,050 51,431 123,298 29% Operating Expenditures 146,843 132,705 131,869 198,291 178,594 21,381 30,050 51,431 127,163 29% Interfund Interfund Allocations 35,799 34,593 38,781 35,781 37,080 9,270 - 9,270 27,810 25% Interfund Total 35,799 34,593 38,781 35,781 37,080 9,270 - 9,270 27,810 25% Total Expenditures 182,642 167,297 170,650 234,072 215,675 30,651 30,050 60,701 154,973 28% Revenue Charges for Services 128,149 128,149 122,776 159,972 169,532 31,819 31,819 137,713 19% Other Income 634 634 - - - - - - - Total Revenue 128,783 128,783 122,776 159,972 169,532 31,819 31,819 137,713 19% 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 3/31/2026 Fund Name Motor Vehicle Highway Fund Number 202 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3,274,223 3,274,223 3,287,484 3,167,476 3,224,147 698,028 698,028 2,526,118 22% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,725 2,725 2,900 1,500 - 550 550 (550) - Charges for Services 89,847 89,847 106,992 160,500 163,300 15,910 15,910 147,390 10% Interest Earnings 90,854 90,854 78,024 49,242 122,149 7,698 7,698 114,451 6% Debt Proceeds 2,235,000 2,235,000 2,735,000 3,101,869 3,600,000 - - 3,600,000 0% Other Income 107,157 107,157 249,250 81,500 81,500 3,087 3,087 78,413 4% Interfund Allocation Reimb 162,650 162,650 183,111 167,318 105,133 26,283 26,283 78,850 25% Interfund Transfers In 5,087,500 5,087,500 6,400,000 11,400,000 9,700,000 2,854,000 2,854,000 6,846,000 29% Total Revenue 11,049,955 11,049,955 13,042,761 18,129,405 16,996,229 3,605,557 3,605,557 13,390,672 21% Expenditures by Activity Streets / Traffic & Lighting 8,783,703 12,787,978 13,739,897 16,707,937 17,097,870 4,764,473 1,972,758 6,737,230 10,360,640 39% Curb & Sidewalk Program 1,893,969 2,176,913 2,090,079 3,924,719 4,457,020 257,094 1,115,437 1,372,531 3,084,489 31% Total Expenditures 10,677,672 14,964,891 15,829,976 20,632,656 21,554,890 5,021,567 3,088,194 8,109,761 13,445,129 38% Expenditures by Type Personnel Salaries & Wages 3,186,475 3,425,081 3,709,645 4,513,428 4,315,812 1,228,407 - 1,228,407 3,087,405 28% Fringe Benefits 1,297,636 1,366,803 1,251,512 2,046,736 1,847,184 419,562 - 419,562 1,427,622 23% Total Personnel 4,484,111 4,791,884 4,961,157 6,560,163 6,162,996 1,647,969 - 1,647,969 4,515,027 27% Supplies 1,146,446 1,247,843 1,558,268 1,981,201 2,142,083 833,227 36,853 870,080 1,272,003 41% Services & Charges Professional Services 866,929 1,100,018 1,177,290 2,707,363 3,163,004 33,436 1,125,576 1,159,012 2,003,992 37% Printing & Advertising 1,810 1,074 3,008 2,950 2,000 - - - 2,000 0% Utilities 47,159 39,999 50,993 66,836 55,000 15,861 - 15,861 39,139 29% Repairs & Maintenance 346,497 1,314,234 1,299,801 1,091,272 1,139,010 413,003 27,157 440,160 698,849 39% Education & Training 11,555 10,089 2,685 30,000 23,485 14,134 3,485 17,619 5,866 75% Travel 803 11,328 - 25,000 15,000 11,154 4,921 16,075 (1,075) 107% Other Services & Charges 138,852 178,514 88,738 158,070 157,134 1,226 1,003 2,229 154,905 1% Debt Service Principal 1,113,112 1,469,371 1,900,378 1,909,313 2,395,998 895,929 - 895,929 1,500,069 37% Debt Service Interest & Fees 45,139 110,667 194,108 407,383 320,933 117,424 - 117,424 203,509 37% Total Services & Charges 2,571,857 4,235,294 4,717,001 6,398,186 7,271,564 1,502,168 1,162,141 2,664,309 4,607,254 37% Operating Expenditures 8,202,414 10,275,022 11,236,427 14,939,550 15,576,642 3,983,364 1,198,994 5,182,358 10,394,284 33% Capital 1,067,160 3,085,813 2,900,184 3,948,013 4,005,176 544,814 1,889,200 2,434,014 1,571,162 61% Bad Debt - - - - - - - - - - Interfund Allocations 1,408,098 1,604,056 1,693,365 1,745,093 1,973,071 493,389 - 493,389 1,479,682 25% Total Expenditures 10,677,672 14,964,891 15,829,976 20,632,656 21,554,890 5,021,567 3,088,194 8,109,761 13,445,128 38% Net Surplus / (Deficit)372,283 (3,914,936) (2,787,214) (2,503,251) (4,558,661) (1,416,010) (4,504,204) Beginning Cash Balance 4,772,416 6,607,820 4,772,416 4,772,416 Cash Adjustments 1,463,121 2,079,531 (1,985,201) - Ending Cash Balance 6,607,820 4,772,416 - 213,755 268,123 Cash Reserves Target 2,669,418 3,741,223 3,957,494 5,388,722 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 3/31/2026 Fund Name MVH Restricted Fund Number 266 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3,274,223 3,274,223 3,287,484 3,167,476 3,224,147 698,028 698,028 2,526,118 22% Interest Earnings 39,874 39,874 61,818 10,650 66,320 11,501 11,501 54,819 17% Interfund Transfers In - - - - - - - - - Debt Proceeds - - - - - - - - - Total Revenue 3,314,097 3,314,097 3,349,302 3,178,126 3,290,467 709,529 709,529 2,580,937 22% Expenditures by Type Personnel Salaries & Wages 399,253 350,371 471,640 521,781 407,517 48,485 - 48,485 359,032 12% Fringe Benefits 183,370 156,235 224,106 157,870 153,060 21,984 - 21,984 131,076 14% Total Personnel 582,623 506,606 695,746 679,651 560,577 70,469 - 70,469 490,108 13% Supplies 1,386,353 1,374,806 1,798,472 2,120,878 1,856,524 95,804 403,318 499,122 1,357,402 27% Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance 1,592,715 886,957 439,454 682,865 695,750 209,672 68,659 278,332 417,419 40% Debt Service Principal 169,814 173,826 177,933 177,933 182,137 90,537 - 90,537 91,600 50% Debt Service Interest & Fees 17,716 13,703 9,596 9,596 5,392 3,228 - 3,228 2,164 60% Total Services & Charges 1,780,244 1,074,487 626,983 870,395 883,280 303,437 68,659 372,096 511,183 42% Capital 662,791 - - - - - - - - - Total Expenditures 4,412,010 2,955,898 3,121,201 3,670,924 3,300,381 469,711 471,977 941,688 2,358,693 29% Net Surplus / (Deficit)(1,097,914) 358,199 228,100 (492,798) (9,914) 239,818 (232,159) Beginning Cash Balance 2,042,332 1,126,297 2,042,332 2,042,332 Cash Adjustments 181,878 557,837 (299,364) - Ending Cash Balance 1,126,297 2,042,332 1,971,069 2,032,418 1,621,925 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 3/31/2026 2026 2026 2026 2026 Total 2023 2024 2025 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 6,548,446 6,548,446 6,574,968 6,334,951 6,448,293 1,396,056 1,396,056 5,052,237 22% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,725 2,725 2,900 1,500 - 550 550 (550) - Charges for Services 89,847 89,847 106,992 160,500 163,300 15,910 15,910 147,390 10% Interest Earnings 130,728 130,728 139,842 59,892 188,469 19,199 19,199 169,271 10% Debt Proceeds 2,235,000 2,235,000 2,735,000 3,101,869 3,600,000 - - 3,600,000 0% Other Income 107,157 107,157 249,250 81,500 81,500 3,087 3,087 78,413 4% Interfund Allocation Reimb 162,650 162,650 183,111 167,318 105,133 26,283 26,283 78,850 25% Interfund Transfers In 5,087,500 5,087,500 6,400,000 11,400,000 9,700,000 2,854,000 2,854,000 6,846,000 29% Total Revenue 14,364,052 14,364,052 16,392,063 21,307,530 20,286,695 4,315,086 4,315,086 15,971,611 21% Expenditures by Fund Motor Vehicle Highway (#202)10,677,672 14,964,891 15,829,976 20,632,656 21,554,890 5,021,567 3,088,194 8,109,761 13,445,128 38% MVH Restricted (#266)4,412,010 2,955,898 3,121,201 3,670,924 3,300,381 469,711 471,977 941,688 2,358,693 29% Total Expenditures 15,089,683 17,920,789 18,951,177 24,303,580 24,855,271 5,491,277 3,560,172 9,051,449 15,803,821 36% Expenditures by Activity Streets / Traffic & Lighting 13,195,713 15,743,876 16,861,098 20,378,861 20,398,251 5,234,183 2,444,735 7,678,918 12,719,333 38% Curb & Sidewalk Program 1,893,969 2,176,913 2,090,079 3,924,719 4,457,020 257,094 1,115,437 1,372,531 3,084,489 31% Total Expenditures 15,089,683 17,920,789 18,951,177 24,303,580 24,855,271 5,491,277 3,560,172 9,051,449 15,803,822 36% Expenditures by Type Personnel Salaries & Wages 3,585,728 3,775,452 4,181,285 5,035,209 4,723,329 1,276,892 - 1,276,892 3,446,437 27% Fringe Benefits 1,481,006 1,523,038 1,475,619 2,204,606 2,000,244 441,546 - 441,546 1,558,698 22% Total Personnel 5,066,734 5,298,490 5,656,904 7,239,814 6,723,573 1,718,438 - 1,718,438 5,005,135 26% Supplies 2,532,798 2,622,649 3,356,740 4,102,079 3,998,607 929,031 440,171 1,369,202 2,629,405 34% Services & Charges Professional Services 866,929 1,100,018 1,177,290 2,707,363 3,163,004 33,436 1,125,576 1,159,012 2,003,992 37% Printing & Advertising 1,810 1,074 3,008 2,950 2,000 - - - 2,000 0% Utilities 47,159 39,999 50,993 66,836 55,000 15,861 - 15,861 39,139 29% Repairs & Maintenance 1,939,212 2,201,191 1,739,255 1,774,137 1,834,760 622,676 95,816 718,492 1,116,268 39% Education & Training 11,555 10,089 2,685 30,000 23,485 14,134 3,485 17,619 5,866 75% Travel 803 11,328 - 25,000 15,000 11,154 4,921 16,075 (1,075) 107% Other Services & Charges 138,852 178,514 88,738 158,070 157,134 1,226 1,003 2,229 154,905 1% Debt Service Principal 1,282,926 1,643,197 2,078,311 2,087,246 2,578,136 986,466 - 986,466 1,591,670 38% Debt Service Interest & Fees 62,855 124,370 203,705 416,979 326,325 120,652 - 120,652 205,673 37% Total Services & Charges 4,352,101 5,309,781 5,343,984 7,268,581 8,154,844 1,805,605 1,230,801 3,036,405 5,118,438 37% Operating Expenditures 11,951,633 13,230,920 14,357,628 18,610,474 18,877,023 4,453,074 1,670,971 6,124,046 12,752,978 32% Capital 1,729,951 3,085,813 2,900,184 3,948,013 4,005,176 544,814 1,889,200 2,434,014 1,571,162 61% Bad Debt - - - - - - - - - - Interfund Allocations 1,408,098 1,604,056 1,693,365 1,745,093 1,973,071 493,389 - 493,389 1,479,682 25% Total Expenditures 15,089,683 17,920,789 18,951,177 24,303,580 24,855,271 5,491,277 3,560,172 9,051,449 15,803,822 36% Net Surplus / (Deficit)- (3,556,737) (2,559,114) (2,996,050) (4,568,575) (1,176,191) (4,736,363) Beginning Cash Balance 6,814,748 7,734,117 6,814,748 6,814,748 Cash Adjustments 919,369 2,637,368 3,593,787 - Ending Cash Balance 7,734,117 6,814,748 7,849,421 2,246,172 1,890,048 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 3/31/2026 Fund Name Local Road & Street Fund Number 251 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 2,040,961 2,040,961 2,131,630 1,944,187 2,020,190 526,776 526,776 1,493,414 26% Intergov./ Grants 205,355 205,355 86,283 55,000 55,000 3,978 3,978 51,022 7% Interest Earnings 74,193 74,193 50,422 43,834 43,834 5,995 5,995 37,839 14% Other Income - - (5,255) - - - - - - Interfund Transfers In - - 1,500,000 - - - - - - Total Revenue 2,320,509 2,320,509 3,763,080 2,043,021 2,119,024 536,749 536,749 1,582,275 25% Expenditures by Type Supplies 347,256 380,000 20,000 20,000 - - - - - - Services & Charges Professional Services 524,598 743,100 350,487 1,308,864 1,036,726 268,439 538,029 806,469 230,257 78% Repairs & Maintenance 1,717,103 1,757,220 418,546 900,060 951,514 49,618 637,431 687,049 264,466 72% Other Services & Charges - - - - - - - - - - Total Services & Charges 2,241,701 2,500,319 769,033 2,208,924 1,988,240 318,057 1,175,460 1,493,517 494,723 75% Capital 783,787 389,372 345,070 575,712 430,642 - 14,700 14,700 415,942 3% Interfund Transfers Out - - 957,000 1,500,000 - - - - - - Total Expenditures 3,372,745 3,269,691 2,091,103 4,304,636 2,418,883 318,057 1,190,160 1,508,217 910,665 62% Net Surplus / (Deficit)(1,052,235) (949,182) 1,671,977 (2,261,615) (299,858) 218,692 (971,468) Beginning Cash Balance 2,349,376 3,632,884 2,349,376 2,349,376 Cash Adjustments 2,335,743 (334,325) (1,641,269) - Ending Cash Balance 3,632,884 2,349,376 2,380,085 2,049,518 2,368,376 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 3/31/2026 Fund Name LOIT Special Distribution Fund Number 257 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3,388 3,388 1,555 - 1,315 277 277 1,038 21% Other Income - - - - - - - - - Total Revenue 3,388 3,388 1,555 - 1,315 277 277 1,038 21% Expenditures by Type Services & Charges Professional Services 184,782 - 704 704 - - - - - - Total Services & Charges 184,782 - 704 704 - - - - - - Capital 4,314 - 33,831 52,635 18,804 - - - 18,804 0% Total Expenditures 189,096 - 34,535 53,339 18,804 - - - 18,804 0% Net Surplus / (Deficit)(185,709) 3,388 (32,980) (53,339) (17,489) 277 277 Beginning Cash Balance 245,630 266,588 245,630 245,630 Cash Adjustments 206,667 (24,346) 35,592 - Ending Cash Balance 266,588 245,630 248,243 228,141 33,031 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 3/31/2026 Fund Name Local Road & Bridge Grant Fund Number 265 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,000,000 1,000,000 1,276,250 1,500,000 1,500,000 1,000,000 1,000,000 500,000 67% Interest Earnings 50,707 50,707 23,954 4,106 - 0 0 - - Other Income - - - - - - - - - Interfund Transfers In - - 957,000 1,500,000 - - - - - Total Revenue 1,050,707 1,050,707 2,257,204 3,004,106 1,500,000 1,000,000 1,000,000 500,000 67% Expenditures by Type Services & Charges Repairs & Maintenance 3,105,996 1,229,350 2,595,524 3,993,345 3,785,821 135,120 1,745,181 1,880,301 1,905,520 50% Other Services & Charges - - - - - - - - - - Total Services & Charges 3,105,996 1,229,350 2,595,524 3,993,345 3,785,821 135,120 1,745,181 1,880,301 1,905,520 50% Capital - - - - - - - - - - Total Expenditures 3,105,996 1,229,350 2,595,524 3,993,345 3,785,821 135,120 1,745,181 1,880,301 1,905,520 50% Net Surplus / (Deficit)(2,055,289) (178,642) (338,320) (989,239) (2,285,821) 864,880 (880,300) Beginning Cash Balance 704,875 1,391,493 704,875 704,875 Cash Adjustments 2,741,906 (507,975) 2,110,499 - Ending Cash Balance 1,391,493 704,875 2,477,054 (1,580,946) 864,965 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 3/31/2026 Fund Name Major Moves Construction Fund Number 412 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 238,248 238,248 - - - - - - - Interest Earnings 53,463 53,463 36,268 3,463 18,513 5,032 5,032 13,480 27% Other Income 493,328 493,328 120,892 120,892 - 60,446 60,446 (60,446) - Interfund Transfers In - - - - - - - - - Total Revenue 785,039 785,039 157,160 124,355 18,513 65,478 65,478 (46,966) 354% Expenditures by Type Supplies 628,041 350,000 - - - - - - - - Services & Charges Professional Services 97,521 217,979 90,493 178,882 88,354 4,500 83,853 88,354 - 100% Repairs & Maintenance - - - - - - - - - - Total Services & Charges 97,521 217,979 90,493 178,882 88,354 4,500 83,853 88,354 - 100% Capital 33,493 316,921 392,405 583,942 191,537 79,410 112,084 191,494 43 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 759,056 884,900 482,899 762,824 279,890 83,910 195,938 279,847 43 100% Net Surplus / (Deficit)25,983 (99,862) (325,738) (638,470) (261,378) (18,432) (214,369) Beginning Cash Balance 1,889,193 1,386,436 1,889,193 1,889,193 Cash Adjustments (528,741) 602,619 8,845 - Ending Cash Balance 1,386,436 1,889,193 1,572,300 1,627,816 581,456 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 3/31/2026 Fund Name 2021 Infrastructure Bond Capital Fund Number 455 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 48,402 48,402 22,327 - 13,472 2,504 2,504 10,968 19% Interfund Transfers In - - - - - - - - - Total Revenue 48,402 48,402 22,327 - 13,472 2,504 2,504 10,968 19% Expenditures by Type Capital 1,236,390 276,767 399,500 446,483 46,983 - - - 46,983 0% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,236,390 276,767 399,500 446,483 46,983 - - - 46,983 0% Net Surplus / (Deficit)(1,187,989) (228,365) (377,173) (446,483) (33,511) 2,504 2,504 Beginning Cash Balance 3,836,482 - 3,836,482 3,836,482 Cash Adjustments (2,648,493) 4,064,847 (1,157,299) - Ending Cash Balance - 3,836,482 2,302,010 3,802,970 298,922 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 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 3/31/2026 Fund Name Solid Waste Operations Fund Number 610 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 7,622,504 7,622,504 8,596,934 8,256,538 8,256,538 1,883,945 1,883,945 6,372,593 23% Intergov./ Grants 8,636 8,636 - - - - - - - Interest Earnings 8,323 8,323 80,140 10,970 18,478 13,791 13,791 4,687 75% Other Income 18,231 18,231 2,139 45,000 45,000 - - 45,000 0% Interfund Transfers In 527,035 527,035 - - - - - - - Total Revenue 8,184,729 8,184,729 8,679,212 8,312,508 8,320,016 1,897,737 1,897,737 6,422,280 23% Expenditures by Type Personnel Salaries & Wages 1,265,563 1,320,819 1,393,382 1,482,946 1,504,929 376,820 - 376,820 1,128,109 25% Fringe Benefits 526,275 542,699 532,933 747,879 708,159 145,261 - 145,261 562,898 21% Total Personnel 1,791,838 1,863,518 1,926,315 2,230,825 2,213,088 522,081 - 522,081 1,691,007 24% Supplies 306,830 282,404 383,971 567,435 562,404 84,451 265,031 349,482 212,922 62% Services & Charges Printing & Advertising 12,003 - 1,789 18,241 17,986 11,407 - 11,407 6,579 63% Repairs & Maintenance 1,893,174 1,536,291 1,537,454 1,239,169 1,558,489 304,044 1,083 305,127 1,253,362 20% Education & Training 4,068 132 1,350 20,400 16,535 - 1,085 1,085 15,450 7% Travel - - 3,850 15,300 8,747 - - - 8,747 0% Other Services & Charges 1,127,500 1,377,466 1,431,248 1,394,368 1,391,273 337,459 1,041,856 1,379,316 11,958 99% Debt Service Principal - - - - - - - - - - Total Services & Charges 3,036,744 2,913,890 2,975,691 2,687,477 2,993,030 652,910 1,044,024 1,696,935 1,296,096 57% Operating Expenditures 5,135,412 5,059,811 5,285,976 5,485,737 5,768,522 1,259,442 1,309,055 2,568,497 3,200,025 45% Bad Debt 219,772 206,880 161,249 259,035 259,035 27,301 - 27,301 231,734 11% Interfund Interfund Allocations 1,361,480 1,479,707 1,529,705 1,579,144 1,661,307 415,543 - 415,543 1,245,764 25% Interfund Transfers Out 899,690 933,000 1,166,000 1,338,315 1,504,870 752,435 - 752,435 752,435 50% Total Interfund 2,261,170 2,412,707 2,695,705 2,917,459 3,166,177 1,167,978 - 1,167,978 1,998,199 37% Total Expenditures 7,616,354 7,679,398 8,142,930 8,662,231 9,193,733 2,454,722 1,309,055 3,763,776 5,429,958 41% Beginning Cash Balance 906,471 87,032 906,471 906,471 Cash Adjustments (1,387,813) 314,108 (1,147,921) - Ending Cash Balance 87,032 906,471 294,832 32,753 1,295,702 Cash Reserves Target 761,635 767,940 814,293 919,373 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 3/31/2026 Fund Name Solid Waste Capital Fund Number 611 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 5,297 5,297 61,319 - 51,261 5,103 5,103 46,159 10% Debt Proceeds 1,225,000 1,225,000 - - 2,400,000 - - 2,400,000 0% Interfund Transfers In 899,690 899,690 1,166,000 1,338,315 1,504,870 752,435 752,435 752,435 50% Total Revenue 2,129,987 2,129,987 1,227,319 1,338,315 3,956,131 757,537 757,537 3,198,594 19% Expenditures by Type Services & Charges Debt Service Principal 928,231 1,054,761 1,183,698 1,206,567 1,365,562 562,086 - 562,086 803,476 41% Debt Service Interest & Fees 48,912 48,099 128,889 138,126 139,308 55,616 - 55,616 83,692 40% Total Services & Charges 977,143 1,102,860 1,312,587 1,344,694 1,504,870 617,702 - 617,702 887,168 41% Capital - 2,764,101 1,957,653 1,965,676 1,375,250 - 968,837 968,837 406,413 70% Total Expenditures 977,143 3,866,961 3,270,240 3,310,370 2,880,120 617,702 968,837 1,586,539 1,293,581 55% Net Surplus / (Deficit)1,152,844 (1,736,974) (2,042,921) (1,972,055) 1,076,011 139,836 (829,002) Beginning Cash Balance 779,163 388,126 779,163 779,163 Cash Adjustments (1,543,880) 2,128,011 2,845,785 - Ending Cash Balance 388,126 779,163 1,582,027 1,855,174 140,098 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 3/31/2026 Fund Name Water Works Operations Fund Number 620 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 19,884,402 19,884,402 20,637,061 21,693,111 21,693,111 4,531,637 4,531,637 17,161,474 21% Interest Earnings 187,240 187,240 619,448 136,803 - 141,040 141,040 (141,040) - Other Income 510,566 510,566 23,390 18,055 18,055 5,795 5,795 12,260 32% Interfund Allocation Reimb 1,633,074 1,633,074 1,655,108 1,655,108 1,967,892 501,680 501,680 1,466,212 25% Interfund Transfers In 134,865 134,865 - - - - - - - Total Revenue 22,350,147 22,350,147 22,935,006 23,503,077 23,679,058 5,180,153 5,180,153 18,498,906 22% Total Expenditures 19,134,577 17,801,468 18,588,990 24,701,815 26,453,264 6,434,074 1,828,612 8,262,686 18,190,578 31% Expenditures by Type Personnel Salaries & Wages 3,777,318 3,648,854 3,793,996 4,336,218 4,446,799 1,027,036 - 1,027,036 3,419,763 23% Fringe Benefits 1,515,511 1,436,060 1,330,741 2,031,432 1,647,844 358,067 - 358,067 1,289,777 22% Total Personnel 5,292,830 5,084,914 5,124,738 6,367,650 6,094,643 1,385,102 - 1,385,102 4,709,540 23% Supplies 1,598,311 1,537,179 1,221,298 2,505,167 2,223,032 368,256 218,037 586,292 1,636,740 26% Services & Charges Professional Services 872,977 1,227,334 1,196,881 2,124,466 2,401,627 430,830 468,062 898,891 1,502,735 37% Printing & Advertising 2,341 2,683 1,081 7,520 22,500 - - - 22,500 0% Utilities 893,492 880,936 1,209,158 956,813 959,097 298,622 - 298,622 660,476 31% Repairs & Maintenance 402,687 477,557 703,479 882,229 784,195 170,106 73,624 243,730 540,465 31% Education & Training 22,722 8,509 27,094 37,438 35,450 8,359 8,155 16,514 18,936 47% Travel 3,775 3,735 7,412 23,715 12,146 731 133 864 11,283 7% Other Services & Charges 2,529,469 2,918,953 3,344,679 4,229,006 3,730,837 775,083 1,060,602 1,835,685 1,895,152 49% Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges 4,727,463 5,519,708 6,489,785 8,261,186 7,945,853 1,683,730 1,610,575 3,294,305 4,651,547 41% Operating Expenditures 11,618,604 12,141,801 12,835,820 17,134,004 16,263,527 3,437,088 1,828,612 5,265,700 10,997,827 32% Bad Debt 303,108 327,535 235,430 236,865 434,865 36,999 - 36,999 397,866 9% Interfund Interfund Allocations 2,856,398 3,567,849 3,694,071 3,853,754 3,766,639 941,758 - 941,758 2,824,880 25% PILOT 1,606,468 1,638,597 1,602,400 1,602,400 1,575,974 787,987 - 787,987 787,987 50% Interfund Transfers Out 2,750,000 125,686 221,268 1,874,793 4,412,259 1,230,241 - 1,230,241 3,182,018 28% Total Interfund 7,212,866 5,332,132 5,517,739 7,330,946 9,754,872 2,959,987 - 2,959,987 6,794,885 30% Total Expenditures 19,134,577 17,801,468 18,588,990 24,701,815 26,453,264 6,434,074 1,828,612 8,262,686 18,190,578 31% 6,550,457 Net Surplus / (Deficit)3,215,570 4,548,680 4,346,017 (1,198,738) (2,774,206) (1,253,921) (3,082,533) Beginning Cash Balance 6,550,457 4,840,727 6,550,457 6,550,457 Cash Adjustments (4,925,300) (2,838,949) (6,137,690) - Ending Cash Balance 4,840,727 6,550,457 4,758,783 3,776,251 15,952,753 Cash Reserves Target 956,729 890,073 929,449 1,322,663 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 3/31/2026 Fund Name Water Works Capital Fund Number 622 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 (106,004) (106,004) 108,624 210,000 210,000 8,550 8,550 201,450 4% Interest Earnings 227,703 227,703 705,368 208,820 498,140 135,636 135,636 362,504 27% Other Income 2,392 2,392 7,599,349 - 14,379 - - 14,379 0% Interfund Transfers In - - - 400,000 2,000,000 - - 2,000,000 0% Bond Proceeds - - - 7,673,000 17,000,000 - - 17,000,000 0% Total Revenue 124,091 124,091 8,413,341 8,491,820 19,722,519 144,186 144,186 2,578,333 1% Expenditures by Type Services & Charges Professional Services 132,973 432,412 135,142 29,103 1,800,982 110,123 1,557,196 1,667,319 133,663 93% Other Services & Charges - - - - 15,995 - - - 15,995 0% Total Services & Charges 132,973 432,412 135,142 29,103 1,816,977 110,123 1,557,196 1,667,319 149,658 92% Capital 4,104,934 1,604,614 7,875,368 18,197,173 65,029,814 2,411,273 8,366,953 10,778,226 54,251,588 17% Bad Debt - - - - - - - - - - Total Expenditures 4,237,907 2,037,026 8,010,510 18,226,276 66,846,791 2,521,396 9,924,149 12,445,545 54,401,246 19% Net Surplus / (Deficit)(4,113,816) (1,912,935) 402,831 (9,734,455) (47,124,272) (2,377,210) (12,301,359) Beginning Cash Balance 9,672,979 7,652,044 9,672,979 9,672,979 Cash Adjustments 2,092,882 3,933,870 984,045 - Ending Cash Balance 7,652,044 9,672,979 11,059,854 (37,451,293) 14,076,090 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 3/31/2026 Fund Name Water Works Customer Deposit Fund Number 624 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 38,236 38,236 61,753 - 28,036 12,398 12,398 15,638 44% Total Revenue 38,236 38,236 61,753 - 28,036 12,398 12,398 15,638 44% Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)38,236 38,236 61,753 - 28,036 12,398 12,398 Beginning Cash Balance 1,279,314 1,263,319 1,279,314 1,279,314 Cash Adjustments (54,232) (22,240) (25,556) - Ending Cash Balance 1,263,319 1,279,314 1,315,511 1,307,351 1,479,727 Cash Reserves Target 1,263,319 1,279,314 1,315,511 1,307,351 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 3/31/2026 Fund Name Water Works Sinking (Debt Service) Fund Number 625 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 54,408 54,408 56,079 - 40,783 6,898 6,898 33,885 17% Other Income - - - - - - - - - Interfund Transfers In 2,750,000 2,750,000 112,545 1,474,793 2,283,991 1,198,174 1,198,174 1,085,817 52% Total Revenue 2,804,408 2,804,408 168,624 1,474,793 2,324,774 1,205,072 1,205,072 1,119,702 52% Expenditures by Type Services & Charges Debt Service Principal 1,045,513 786,373 327,262 2,514,703 1,622,829 1,132,262 - 1,132,262 490,567 70% Debt Service Interest & Fees 356,162 303,770 214,596 1,131,985 1,467,047 165,495 - 165,495 1,301,552 11% Total Services & Charges 1,401,675 1,090,143 541,858 3,646,688 3,089,877 1,297,757 - 1,297,757 1,792,119 42% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,401,675 1,090,143 541,858 3,646,688 3,089,877 1,297,757 - 1,297,757 1,792,119 42% Net Surplus / (Deficit)1,402,734 1,714,266 (373,234) (2,171,895) (765,102) (92,685) (92,685) Beginning Cash Balance - 2,323 - - Cash Adjustments (1,400,410) (1,716,589) 2,647,021 - Ending Cash Balance 2,323 - 2,273,787 (765,102) 1,050,881 Cash Reserves Target 2,323 - 2,273,787 (765,102) 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 3/31/2026 Fund Name Water Works Bond Reserve Fund Number 626 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 42,407 42,407 73,520 - 33,547 15,628 15,628 17,919 47% Interfund Transfers In - - 138,414 - 128,268 32,067 32,067 96,201 25% Total Revenue 42,407 42,407 211,934 - 161,815 47,695 47,695 114,120 29% Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)42,407 42,407 211,934 - 161,815 47,695 47,695 Beginning Cash Balance 1,422,804 1,422,800 1,422,804 1,422,804 Cash Adjustments (42,411) (42,403) (202,629) - Ending Cash Balance 1,422,800 1,422,804 1,432,109 1,584,619 1,872,824 Cash Reserves Target 1,422,800 1,422,804 1,432,109 1,584,619 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 3/31/2026 Fund Name Water Works Operations & Maintenance Reserve Fund Number 629 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 85,903 85,903 139,459 - 63,266 27,895 27,895 35,371 44% Interfund Transfers In - - - - - - - - - Total Revenue 85,903 85,903 139,459 - 63,266 27,895 27,895 35,371 44% Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)85,903 85,903 139,459 - 63,266 27,895 27,895 Beginning Cash Balance 2,912,652 2,912,652 2,912,652 2,912,652 Cash Adjustments (85,903) (85,903) (105,336) - Ending Cash Balance 2,912,652 2,912,652 2,946,775 2,975,918 3,330,642 Cash Reserves Target 2,731,309 2,946,553 3,674,236 3,674,236 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 3/31/2026 Fund Name Sewer Repair Insurance Fund Number 640 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 703,574 703,574 712,276 666,095 666,095 179,390 179,390 486,705 27% Interest Earnings 54,170 54,170 62,134 16,699 25,175 10,550 10,550 14,625 42% Other Income - - - - - - - - - Interfund Transfers In 6,390 6,390 - - - - - - - Total Revenue 764,134 764,134 774,409 682,794 691,270 189,941 189,941 501,330 27% Expenditures by Type Personnel Salaries & Wages 130,097 134,105 139,509 147,565 152,952 41,086 - 41,086 111,866 27% Fringe Benefits 55,746 56,550 50,370 65,258 63,237 14,531 - 14,531 48,706 23% Total Personnel 185,844 190,655 189,879 212,823 216,189 55,617 - 55,617 160,572 26% Supplies 40,016 69,570 104,981 134,645 76,988 26,622 12,441 39,062 37,926 51% Services & Charges Printing & Advertising - - - 200 - - - - - - Repairs & Maintenance 589,860 621,712 675,729 967,588 952,310 142,942 429,683 572,625 379,685 60% Other Services & Charges - - - - - - - - - - Total Services & Charges 589,860 621,712 675,729 967,788 952,310 142,942 429,683 572,625 379,685 60% Operating Expenditures 815,720 881,938 970,589 1,315,256 1,245,487 225,180 442,124 667,304 578,183 54% Bad Debt 8,820 14,932 11,179 - 6,500 1,414 - 1,414 5,086 22% Interfund Allocations 100,897 98,073 101,912 97,900 122,629 30,653 - 30,653 91,976 25% Total Expenditures 925,437 994,942 1,083,680 1,413,156 1,374,616 257,248 442,124 699,371 675,245 51% Net Surplus / (Deficit)(161,304) (230,809) (309,270) (730,361) (683,346) (67,307) (509,431) Beginning Cash Balance 2,003,861 2,052,857 2,003,861 2,003,861 Cash Adjustments 210,300 181,812 257,372 - Cash Reserves Target 231,359 248,736 270,920 343,654 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 3/31/2026 Fund Name Sewage Works Operations Fund Number 641 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 42,187,751 42,187,751 45,478,808 43,763,012 43,763,012 11,465,634 11,465,634 32,297,378 26% Interest Earnings 568,907 568,907 1,802,232 115,405 684,664 367,759 367,759 316,904 54% Other Income 68,553 68,553 13,626 2,000 4,600 25,575 25,575 (20,975) 556% Interfund Allocation Reimb 461,751 461,751 421,322 421,322 380,037 95,009 95,009 285,028 25% Interfund Transfers In 184,500 184,500 - - - - - - - Total Revenue 43,471,462 43,471,462 47,715,987 44,301,739 44,832,313 11,953,978 11,953,978 32,878,335 27% Expenditures by Division Sewers 7,048,829 6,403,311 7,267,858 8,108,833 8,282,817 2,117,638 115,848 2,233,486 6,049,331 27% Concrete Crew 562,830 513,606 561,450 640,997 644,822 165,751 3,137 168,889 475,933 26% Wastewater 28,653,161 23,034,326 28,659,721 44,713,091 35,319,777 10,356,864 2,185,176 12,542,039 22,777,738 36% Organic Resources 1,167,251 1,696,224 1,548,473 1,888,911 2,040,986 262,328 110,306 372,635 1,668,351 18% Total Expenditures 37,432,072 31,647,467 38,037,503 55,351,832 46,288,402 12,902,582 2,414,467 15,317,049 30,971,353 33% Expenditures by Type Personnel Salaries & Wages 5,272,342 5,445,536 5,858,104 6,402,628 6,522,100 1,738,459 - 1,738,459 4,783,641 27% Fringe Benefits 2,015,847 2,029,440 2,100,075 2,850,041 2,745,124 588,340 - 588,340 2,156,784 21% Total Personnel 7,288,190 7,474,976 7,958,179 9,252,669 9,267,224 2,326,799 - 2,326,799 6,940,425 25% Supplies 2,484,857 2,355,553 2,754,417 4,559,542 4,822,855 740,493 607,545 1,348,039 3,474,816 28% Services & Charges Professional Services 1,065,584 191,971 184,083 395,686 360,842 20,142 155,890 176,032 184,810 49% Printing & Advertising 4,135 1,981 3,103 7,240 6,470 226 290 516 5,954 8% Utilities 1,337,488 1,361,164 1,446,454 1,539,308 1,798,005 425,826 - 425,826 1,372,179 24% Repairs & Maintenance 1,731,522 2,951,638 2,306,391 3,054,255 3,773,405 393,524 354,113 747,637 3,025,768 20% Education & Training 34,832 30,878 31,466 69,465 61,250 6,907 8,562 15,468 45,782 25% Travel 14,539 22,986 20,938 43,210 40,295 3,153 3,852 7,005 33,290 17% Other Services & Charges 2,636,784 1,894,083 3,240,822 5,650,849 5,746,145 847,708 1,284,215 2,131,923 3,614,222 37% Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges 6,824,884 6,454,702 7,233,256 10,760,014 11,786,413 1,697,486 1,806,922 3,504,408 8,282,005 30% Operating Expenditures 16,597,930 16,285,231 17,945,852 24,572,224 25,876,493 4,764,778 2,414,467 7,179,245 18,697,246 28% Capital - - - - - - - - - - Bad Debt 423,366 419,612 295,825 225,000 425,000 60,203 - 60,203 364,797 14% Interfund Interfund Allocations 6,148,303 7,153,280 7,258,874 7,565,272 6,666,297 1,666,547 - 1,666,547 4,999,750 25% PILOT 4,489,126 4,385,589 4,163,261 4,163,261 4,399,508 2,199,754 - 2,199,754 2,199,754 50% Interfund Transfers Out 9,773,347 3,403,755 8,373,692 18,826,075 8,921,104 4,211,300 - 4,211,300 4,709,804 47% Total Interfund 20,410,776 14,942,624 19,795,827 30,554,608 19,986,909 8,077,601 - 8,077,601 11,909,308 40% Total Expenditures 37,432,072 31,647,467 38,037,503 55,351,832 46,288,402 12,902,582 2,414,467 15,317,049 30,971,351 33% Net Surplus / (Deficit)6,039,390 11,823,994 9,678,484 (11,050,093) (1,456,089) (948,603) (3,363,070) Beginning Cash Balance 13,825,371 11,466,153 13,825,371 13,825,371 Cash Adjustments 13,825,371 (9,464,777) (9,682,793) - Ending Cash Balance 11,466,153 13,825,371 13,821,063 12,369,282 42,952,640 Cash Reserves Target 1,871,604 1,582,373 1,901,875 2,314,420 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 3/31/2026 Fund Name Sewage Works Capital Fund Number 642 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 340,467 340,467 465,314 339,000 339,000 69,716 69,716 269,285 21% Interest Earnings 402,237 402,237 267,927 - 106,837 3,824 3,824 103,013 4% Other Income - - 37,698 - - 5,369 5,369 (5,369) - Interfund Transfers In - - - 10,412,670 2,900,000 2,590,000 2,590,000 310,000 89% Bond Proceeds 32,150,000 32,150,000 - - - - - - - Total Revenue 32,892,704 32,892,704 770,938 10,751,670 3,345,837 2,668,908 - 2,668,908 676,929 80% Expenditures by Type Services & Charges Professional Services 1,105,955 298,314 1,490,302 4,465,304 4,523,567 147,343 2,345,475 2,492,817 2,030,750 45% Total Services & Charges 1,105,955 298,314 1,490,302 4,465,304 4,523,567 147,343 2,345,475 2,492,817 2,030,750 55% Capital 2,311,537 4,019,494 7,989,691 24,214,663 31,344,971 3,242,532 10,292,158 13,534,690 17,810,281 43% Bad Debt - - - - - - - - - - Total Expenditures 3,417,492 4,317,807 9,479,993 28,679,967 35,868,539 3,389,875 12,637,633 16,027,508 19,841,031 45% Net Surplus / (Deficit)29,475,212 28,574,897 (8,709,054) (17,928,297) (32,522,702) (720,967) (13,358,600) Beginning Cash Balance 14,359,708 13,821,218 14,359,708 14,359,708 Cash Adjustments (30,013,702) (28,036,407) (5,650,653) - Ending Cash Balance 13,821,218 14,359,708 - (18,162,994) 260 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 3/31/2026 Fund Name Sewage Works Operations & Maintenance Reserve Fund Number 643 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 162,855 162,855 264,386 - 119,939 52,883 52,883 67,056 44% Interfund Transfers In - - - - - - - - - Total Revenue 162,855 162,855 264,386 - 119,939 52,883 52,883 67,056 44% Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)162,855 162,855 264,386 - 119,939 52,883 52,883 Beginning Cash Balance 5,550,801 5,550,801 5,550,801 5,550,801 Cash Adjustments (162,855) (162,855) (228,694) - Ending Cash Balance 5,550,801 5,550,801 5,586,493 5,670,740 6,314,228 Cash Reserves Target 4,610,709 4,708,227 6,229,129 6,229,129 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 3/31/2026 Fund Name Sewage Sinking (Debt Service) Fund Number 649 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 120,213 120,213 69,537 - 400 15,197 15,197 (14,796) 3795% Debt Proceeds - - - - - - - - - Interfund Transfers In 9,773,347 9,773,347 7,995,968 8,413,405 5,643,380 1,526,869 1,526,869 4,116,511 27% PILOT - - - - - - - - - Total Revenue 9,893,560 9,893,560 8,065,505 8,413,405 5,643,780 1,542,065 1,542,065 4,101,715 27% Expenditures by Type Services & Charges Debt Service Principal 6,420,000 6,580,000 6,735,000 7,817,084 4,116,000 - - - 4,116,000 0% Debt Service Interest & Fees 1,076,591 1,043,195 1,343,144 2,767,144 1,513,113 - - - 1,513,113 0% Total Services & Charges 7,496,591 7,623,195 8,078,144 10,584,228 5,629,113 - - - 5,629,113 0% Interfund Transfers Out - - - - - - - - - - Total Expenditures 7,496,591 7,623,195 8,078,144 10,584,228 5,629,113 - - - 5,629,113 0% Net Surplus / (Deficit)2,396,969 2,270,365 (12,639) (2,170,823) 14,668 1,542,065 1,542,065 Beginning Cash Balance - 1,320,833 - - Cash Adjustments (1,076,136) (3,591,198) 3,644,458 - Ending Cash Balance 1,320,833 - 3,631,819 14,668 1,542,315 Cash Reserves Target 1,320,833 - 3,631,819 14,668 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 3/31/2026 Fund Name Sewage Debt Service Reserve Fund Number 653 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 110,014 110,014 195,432 - 94,463 45,320 45,320 49,143 48% Interfund Transfers In - - 377,724 - 377,724 94,431 94,431 283,293 25% Total Revenue 110,014 110,014 573,156 - 472,187 139,751 139,751 332,436 30% 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)110,014 110,014 573,156 - 472,187 139,751 139,751 Beginning Cash Balance 3,749,760 3,990,250 3,749,760 3,749,760 Cash Adjustments 130,476 (350,504) (549,045) - Ending Cash Balance 3,990,250 3,749,760 3,773,871 4,221,947 5,247,175 Cash Reserves Target 3,990,250 3,749,760 3,773,871 4,221,947 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 3/31/2026 Fund Name Sewage Works Customer Deposit Fund Number 654 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 37,039 37,039 70,369 - 30,936 14,842 14,842 16,094 48% Total Revenue 37,039 37,039 70,369 - 30,936 14,842 14,842 16,094 48% Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)37,039 37,039 70,369 - 30,936 14,842 14,842 Beginning Cash Balance 903,840 649,073 903,840 903,840 Cash Adjustments (291,807) 217,729 211,233 - Ending Cash Balance 649,073 903,840 1,185,442 934,777 1,792,604 Cash Reserves Target 649,073 903,840 1,185,442 934,777 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 3/31/2026 Fund Name Project ReLeaf Fund Number 655 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 455,392 455,392 455,797 456,126 456,126 114,053 114,053 342,073 25% Interest Earnings 13,471 13,471 26,520 9,402 10,848 5,558 5,558 5,291 51% Interfund Transfers In 4,905 4,905 - - - - - - - Total Revenue 473,768 473,768 482,317 465,528 466,974 119,611 119,611 347,364 26% Expenditures by Type Personnel Salaries & Wages 40,178 45,347 33,793 114,312 114,312 - - - 114,312 0% Fringe Benefits 3,074 3,379 2,584 8,745 8,745 - - - 8,745 0% Total Personnel 43,252 48,726 36,377 123,057 123,057 - - - 123,057 0% Supplies 4,380 5,477 5,664 7,757 5,500 692 1,066 1,758 3,742 32% Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 47,632 54,203 42,041 130,814 128,557 692 1,066 1,758 126,799 1% Bad Debt 6,436 11,250 8,143 6,500 6,500 1,345 - 1,345 5,155 21% Interfund Interfund Allocations 36,239 32,252 32,372 32,372 21,121 5,280 - 5,280 15,840 25% Interfund Transfers Out 275,000 300,000 300,000 300,000 300,000 75,000 - 75,000 225,000 25% Total Interfund 311,239 332,252 332,372 332,372 321,121 80,280 - 80,280 240,840 25% Total Expenditures 365,307 397,704 382,556 469,686 456,177 82,318 1,066 83,384 372,794 18% Net Surplus / (Deficit)108,461 76,063 99,761 (4,158) 10,797 37,293 36,227 Beginning Cash Balance 282,057 425,913 282,057 282,057 Cash Adjustments 35,395 (219,919) (28,753) - Ending Cash Balance 425,913 282,057 353,065 292,854 681,198 Cash Reserves Target 91,327 99,426 95,639 114,044 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 3/31/2026 Fund Name Storm Sewer Fund Number 667 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,042,143 1,042,143 1,361,737 1,147,200 1,147,200 342,049 342,049 805,151 30% Intergov./ Grants 293,000 293,000 - - - - - - - Interest Earnings 53,355 53,355 91,335 236 31,551 20,114 20,114 11,437 64% Other Income - - - - - - - - - Interfund Transfers In 10,305 10,305 - - - - - - - Total Revenue 1,398,803 1,398,803 1,453,072 1,147,436 1,178,751 362,163 362,163 816,588 31% Expenditures by Type Services & Charges Professional Services 273,376 138,721 45,045 281,451 716,957 34,305 89,739 124,044 592,913 17% Other Services & Charges - - - - - - - - - - Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Services & Charges 273,376 138,721 45,045 281,451 716,957 34,305 89,739 124,044 592,913 17% Capital 389,687 1,437,787 637,646 1,991,539 2,594,077 120,235 220,717 340,952 2,253,125 13% Bad Debt 13,360 24,967 17,209 40,305 38,305 2,932 - 2,932 35,373 8% Total Expenditures 676,423 1,601,475 699,900 2,313,295 3,349,339 157,472 310,456 467,928 2,881,411 14% Net Surplus / (Deficit)722,379 (202,672) 753,173 (1,165,858) (2,170,588) 204,691 (105,765) Beginning Cash Balance 1,604,154 1,032,916 1,604,154 1,604,154 Cash Adjustments (1,293,618) 773,911 (1,071,634) - Ending Cash Balance 1,032,916 1,604,154 1,285,693 (566,433) 2,534,102 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 3/31/2026 Fund Name Police State Seizures Fund Number 216 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 51,127 51,127 87,925 5,000 - 84,045 84,045 (84,045) - Interest Earnings 6,281 6,281 14,493 4,830 5,909 3,643 3,643 2,266 62% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 57,408 57,408 102,418 9,830 5,909 87,688 87,688 (81,779) 1484% 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)57,408 57,408 102,418 (12,170) (16,091) 87,688 87,688 Beginning Cash Balance 173,825 213,569 173,825 173,825 Cash Adjustments (17,664) (97,152) (77,154) - Ending Cash Balance 213,569 173,825 199,090 157,735 496,169 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 3/31/2026 Fund Name Police Curfew Violations Fund Number 218 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Interest Earnings - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 13,880 13,799 13,880 13,880 Cash Adjustments (82) 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 3/31/2026 Fund Name Law Enforcement Continuing Education Fund Number 220 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 648,640 648,640 174,200 300,000 - 397,007 397,007 (397,007) - Charges for Services 106,073 106,073 103,449 115,000 115,000 38,248 38,248 76,752 33% Fines, Forfeitures, and Fees 117,605 117,605 101,354 106,200 - 37,846 37,846 (37,846) - Interest Earnings 20,473 20,473 23,078 6,970 12,747 2,711 2,711 10,036 21% Donations 8,400 8,400 - 1,000 - - - - - Other Income 93,350 93,350 27,777 - - 150 150 (150) - Interfund Transfers In - - - - - - - - - Total Revenue 994,541 994,541 429,858 529,170 127,747 475,962 475,962 (348,215) 373% Expenditures by Type Supplies 209,080 403,989 133,003 207,047 285,813 6,642 3,862 10,504 275,310 4% Services & Charges Professional Services 13,866 10,144 10,297 - - - - - - - Education & Training 125,137 129,532 190,594 188,871 178,758 60,497 12,345 72,842 105,916 41% Travel 39,543 74,516 56,140 55,000 75,000 15,467 3,773 19,240 55,760 26% Other Services & Charges 20,734 9,010 45,127 59,250 66,050 6,439 - 6,439 59,611 10% Total Services & Charges 199,280 223,202 302,158 303,121 319,808 82,403 16,118 98,521 221,287 31% Capital 301,100 277,429 669,114 40,000 140,186 - 114,299 114,299 25,887 82% Bad Debt - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 709,459 904,620 1,104,275 550,168 745,808 89,045 134,279 223,324 522,484 30% Net Surplus / (Deficit)285,082 89,921 (674,417) (20,997) (618,061) 386,917 252,637 Beginning Cash Balance 378,981 483,549 378,981 378,981 Cash Adjustments (180,515) (194,489) 1,013,179 - Ending Cash Balance 483,549 378,981 717,743 (239,079) 616,423 Cash Reserves Target 177,365 226,155 276,069 186,452 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 3/31/2026 Fund Name Local Income Tax - Public Safety Fund Number 249 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 12,690,915 12,690,915 12,222,196 12,400,678 12,844,698 2,824,973 2,824,973 10,019,725 22% Interest Earnings 178,001 178,001 251,599 178,522 129,414 38,892 38,892 90,522 30% Total Revenue 12,868,916 12,868,916 12,473,795 12,579,200 12,974,112 2,863,865 2,863,865 10,110,247 22% Expenditures by Department Police Department 4,749,279 6,928,340 6,200,339 6,200,339 7,380,618 1,987,089 - 1,987,089 5,393,529 27% Fire Department 4,749,279 6,928,340 7,678,294 7,678,294 7,380,618 1,987,089 - 1,987,089 5,393,529 27% Total Expenditures 9,498,558 13,856,681 13,878,633 13,878,633 14,761,236 3,974,179 - 3,974,179 10,787,058 27% Expenditures by Type Personnel Salaries & Wages 9,498,558 13,856,681 13,878,633 13,878,633 14,761,236 3,974,179 - 3,974,179 10,787,057 27% Fringe Benefits - - - - - - - - - - Total Personnel 9,498,558 13,856,681 13,878,633 13,878,633 14,761,236 3,974,179 - 3,974,179 10,787,057 27% Total Expenditures 9,498,558 13,856,681 13,878,633 13,878,633 14,761,236 3,974,179 - 3,974,179 10,787,057 27% Net Surplus / (Deficit)3,370,357 (987,765) (1,404,838) (1,299,433) (1,787,124) (1,110,314) (1,110,314) Beginning Cash Balance 3,844,465 4,045,717 3,844,465 3,844,465 Cash Adjustments (3,169,105) 786,513 346,374 - Ending Cash Balance 4,045,717 3,844,465 2,786,001 2,057,340 3,955,529 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 3/31/2026 Fund Name Police Take Home Vehicle Fund Number 278 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 59,460 59,460 74,580 50,000 50,000 19,880 19,880 30,120 40% Interest Earnings 22,799 22,799 42,986 16,472 19,322 8,994 8,994 10,328 47% Total Revenue 82,259 82,259 117,566 66,472 69,322 28,874 28,874 40,448 42% Expenditures by Type Services & Charges Other Services & Charges 1,040 - - 50,000 - - - - - - Total Services & Charges 1,040 - - 50,000 - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,040 - - 50,000 - - - - - - Net Surplus / (Deficit)81,219 82,259 117,566 16,472 69,322 28,874 28,874 Beginning Cash Balance 698,546 681,823 698,546 698,546 Cash Adjustments (97,942) (65,536) (65,635) - Ending Cash Balance 681,823 698,546 750,477 767,868 1,087,536 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 3/31/2026 Fund Name Police Block Grants Fund Number 280 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 4,162 4,138 4,162 4,162 Cash Adjustments (24) 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 3/31/2026 Fund Name Fire Department Capital Fund Number 287 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 50,000 - - 50,000 0% Charges for Services 2,031,836 2,031,836 2,090,253 2,108,162 2,336,048 9 9 2,336,039 0% Fines, Forfeitures, and Fees 26 26 - - - - - - - Interest Earnings 29,370 29,370 74,111 17,452 54,397 21,960 21,960 32,437 40% Debt Proceeds 1,430,000 1,430,000 470,000 3,410,000 1,690,000 - - 1,690,000 0% Other Income - - 12,762 - - 7,826 7,826 (7,826) - Interfund Transfers In - - - - - - - - - Total Revenue 3,491,232 3,491,232 2,647,126 5,610,614 4,130,445 29,795 29,795 4,100,650 1% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Debt Service Principal 948,939 1,164,500 1,481,162 1,722,852 1,408,952 600,736 - 600,736 808,216 43% Debt Service Interest & Fees 45,632 48,835 156,201 246,545 170,479 72,649 - 72,649 97,830 43% Total Services & Charges 994,570 1,213,334 1,637,363 1,969,397 1,579,431 673,385 - 673,385 906,046 43% Capital 4,037,967 1,662,885 2,794,965 5,510,379 4,255,411 34,643 1,934,804 1,969,447 2,285,964 46% Interfund Transfers Out 752,356 746,961 761,656 751,199 1,554,249 781,128 - 781,128 773,121 50% Total Expenditures 5,784,893 3,623,181 5,193,984 8,230,975 7,389,090 1,489,156 1,934,804 3,423,959 3,965,131 46% Net Surplus / (Deficit)(2,293,661) (131,949) (2,546,858) (2,620,361) (3,258,645) (1,459,360) (3,394,164) Beginning Cash Balance 2,758,339 3,111,296 2,758,339 2,758,339 Cash Adjustments 2,646,619 (221,009) 3,645,298 - Ending Cash Balance 3,111,296 2,758,339 3,856,779 (500,307) (1,162,565) 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 3/31/2026 Fund Name Emergency Medical Services Operating Fund Number 288 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3/31/2026 Fund Name Haz-Mat Fund Number 289 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 2,375 2,375 51,027 5,000 5,000 3,535 3,535 1,465 71% Interest Earnings 910 910 2,472 494 744 649 649 95 87% Other Income - - - - - - - - - Total Revenue 3,285 3,285 53,499 5,494 5,744 4,184 4,184 1,560 73% Expenditures by Type Supplies - - - 10,000 - - - - - - Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - 10,000 - - - - - - Net Surplus / (Deficit)3,285 3,285 53,499 (4,506) 5,744 4,184 4,184 Beginning Cash Balance 28,102 27,937 28,102 28,102 Cash Adjustments (3,450) (3,120) (50,395) - Ending Cash Balance 27,937 28,102 31,206 33,846 108,324 Cash Reserves Target - - - - 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 3/31/2026 Fund Name Indiana River Rescue Fund Number 291 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 149,173 149,173 120,315 90,000 125,000 55,800 55,800 69,200 45% Interest Earnings 12,217 12,217 26,349 9,152 12,595 5,681 5,681 6,914 45% Other Income - - - - - - - - - Total Revenue 161,390 161,390 146,664 99,152 137,595 61,481 61,481 76,114 45% Expenditures by Type Supplies 31,093 37,708 28,764 70,400 2,236 19,313 26,751 46,064 (43,828) 2060% Services & Charges Professional Services - - - Printing & Advertising 2,101 - 6,709 1,300 - - - - - - Education & Training 21,269 19,088 16,756 10,000 - - - - - - Travel - - - - - - - - - - Repairs & Maintenance 1,770 1,726 - 13,000 - - - - - - Other Services & Charges 289 2,441 2,693 - - 4,226 - 4,226 (4,226) - Total Services & Charges 25,429 23,255 26,157 24,300 - 4,226 - 4,226 (4,226) - Capital 34,530 - - - 38,378 2,878 35,500 38,378 - 100% Total Expenditures 91,052 60,963 54,922 94,700 40,614 26,416 62,251 88,667 (48,054) 218% Net Surplus / (Deficit)70,338 100,427 91,742 4,452 96,981 35,064 (27,187) Beginning Cash Balance 360,311 330,404 360,311 360,311 Cash Adjustments (100,246) (70,519) (62,481) - Ending Cash Balance 330,404 360,311 389,572 457,292 702,872 Cash Reserves Target 22,763 15,241 13,730 10,153 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 3/31/2026 Fund Name Police Grants Fund Number 292 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 26,716 26,716 26,716 26,716 Cash Adjustments - - (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 3/31/2026 Fund Name Regional Police Academy Fund Number 294 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 146,328 125,984 146,328 146,328 Cash Adjustments (20,344) 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 3/31/2026 Fund Name COPS MORE Grant Fund Number 295 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 64 64 - - 418 - - 418 0% Other Income - - - - - - - - - Total Revenue 64 64 - - 418 - - 418 0% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)64 64 - - 418 - - Beginning Cash Balance 45,349 73,474 45,349 45,349 Cash Adjustments 28,062 (28,190) (24,536) (45,766) 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 3/31/2026 Fund Name Police Federal Drug Enforcement Fund Number 299 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 155,023 155,023 38,358 80,000 80,000 - - 80,000 0% Interest Earnings 3,289 3,289 2,517 4,926 6,682 549 549 6,133 8% Interfund Transfers In - - - - - - - - - Total Revenue 158,312 158,312 40,875 84,926 86,682 549 549 86,133 1% Expenditures by Type Supplies - - 17,123 50,000 - - - - - - Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - 1,600 1,510 - 1,510 90 94% Total Services & Charges - - - - 1,600 1,510 - 1,510 90 94% Capital 75,609 - 14,920 - 295,000 - 295,000 295,000 - 100% Interfund Transfers Out - - - - - - - - - - Total Expenditures 75,609 - 32,043 50,000 296,600 1,510 295,000 296,510 90 100% Net Surplus / (Deficit)82,703 158,312 8,832 34,926 (209,918) (961) (295,961) Beginning Cash Balance 60,237 83,275 60,237 60,237 Cash Adjustments (59,665) (181,349) 49,524 - Ending Cash Balance 83,275 60,237 118,593 (149,680) 301,985 Cash Reserves Target 18,902 - 8,011 74,150 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 3/31/2026 Fund Name 2018 Fire Station #9 Bond Debt Service Fund Number 350 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 342,856 342,856 344,656 344,656 342,756 171,378 171,378 171,378 50% Total Revenue 342,856 342,856 344,656 344,656 342,756 171,378 171,378 171,378 50% Expenditures by Type Services & Charges Debt Service Principal 215,000 220,000 230,000 230,000 235,000 115,000 - 115,000 120,000 49% Debt Service Interest & Fees 127,856 121,331 114,656 114,656 107,756 54,741 - 54,741 53,016 51% Total Services & Charges 342,856 341,331 344,656 344,656 342,756 169,741 - 169,741 173,016 50% Total Expenditures 342,856 341,331 344,656 344,656 342,756 169,741 - 169,741 173,016 50% Net Surplus / (Deficit)- 1,525 (0) - - 1,637 1,637 Beginning Cash Balance - - - - Cash Adjustments - (1,525) - - Ending Cash Balance - - - - 1,638 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 3/31/2026 Fund Name 2018 Fire Station #9 Bond Capital Fund Number 451 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 9,313 9,313 15,118 - 6,858 3,024 3,024 3,834 44% Total Revenue 9,313 9,313 15,118 - 6,858 3,024 3,024 3,834 44% Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)9,313 9,313 15,118 - 6,858 3,024 3,024 Beginning Cash Balance 316,090 314,233 316,090 316,090 Cash Adjustments (11,169) (7,456) (11,756) - Ending Cash Balance 314,233 316,090 319,452 322,948 361,066 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 3/31/2026 Fund Name Fire Pension Fund Number 701 Fund Type Pension Trust Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 4,063,376 4,063,376 3,921,439 4,600,000 4,600,000 - - 4,600,000 0% Interest Earnings 10,004 10,004 12,066 - 7,595 122 122 7,473 2% Other Income 2,166 2,166 7,191 - - - - - - Total Revenue 4,075,547 4,075,547 3,940,696 4,600,000 4,607,595 122 122 4,607,473 0% Expenditures by Type Personnel Salaries & Wages 4,038,647 3,980,374 4,246,288 4,505,547 4,508,000 1,035,784 - 1,035,784 3,472,216 23% Total Personnel 4,038,647 3,980,374 4,246,288 4,505,547 4,508,000 1,035,784 - 1,035,784 3,472,216 23% Supplies 93 - - 100 100 - - - 100 0% Services & Charges Professional Services 3,825 3,500 4,178 18,900 18,900 - 3,500 3,500 15,400 19% Travel - - - 350 350 - - - 350 0% Other Services & Charges 1,186 1,300 1,158 1,400 1,400 324 - 324 1,076 23% Total Services & Charges 5,011 4,800 5,336 20,650 20,650 324 3,500 3,824 16,826 19% Total Expenditures 4,043,751 3,985,174 4,251,624 4,526,297 4,528,750 1,036,108 3,500 1,039,608 3,489,142 23% Net Surplus / (Deficit)31,796 90,373 (310,928) 73,703 78,845 (1,035,985) (1,039,485) Beginning Cash Balance 420,180 453,561 420,180 420,180 Cash Adjustments 1,585 (123,754) 250,826 - Ending Cash Balance 453,561 420,180 360,078 499,025 (1,004,528) Cash Reserves Target 404,375 398,517 425,162 452,875 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 3/31/2026 Fund Name Police Pension Fund Number 702 Fund Type Pension Trust Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Intergov./ Shared Revenues 5,984,746 5,984,746 6,064,113 6,000,000 6,000,000 - - 6,000,000 0% Interest Earnings 14,162 14,162 20,916 190,000 10,895 2,085 2,085 8,811 19% Other Income - - - 2,000 - - - - - Total Revenue 5,998,908 5,998,908 6,085,029 6,192,000 6,010,895 2,085 2,085 6,008,811 0% Expenditures by Type Personnel Salaries & Wages 6,105,589 6,048,550 6,087,657 5,999,549 5,975,000 1,547,610 - 1,547,610 4,427,390 26% Total Personnel 6,105,589 6,048,550 6,087,657 5,999,549 5,975,000 1,547,610 - 1,547,610 4,427,390 26% Supplies - - - - - - - - - - Services & Charges Professional Services 3,500 3,500 3,500 10,000 13,000 - 3,500 3,500 9,500 27% Travel - - - 500 500 - - - 500 0% Other Services & Charges 1,116 1,121 1,179 1,400 1,400 111 - 111 1,289 8% Total Services & Charges 4,616 4,621 4,679 11,900 14,900 111 3,500 3,611 11,289 24% Total Expenditures 6,110,205 6,053,170 6,092,336 6,011,449 5,989,900 1,547,722 3,500 1,551,222 4,438,679 26% Net Surplus / (Deficit)(111,297) (54,263) (7,307) 180,551 20,995 (1,545,637) (1,549,137) Beginning Cash Balance 560,923 566,569 560,923 560,923 Cash Adjustments 116,943 48,617 62,899 - Ending Cash Balance 566,569 560,923 616,515 581,918 (1,014,980) Cash Reserves Target 611,020 605,317 609,234 598,990 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 3/31/2026 Fund Name Police K-9 Unit Fund Number 705 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Donations - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 2,435 2,420 2,435 2,435 Cash Adjustments (14) 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 3/31/2026 Fund Name Parks & Recreation Fund Number 201 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 11,441,107 11,441,107 13,197,126 12,564,386 12,716,098 - - 12,716,098 0% Intergov./ Shared Revenues 861,197 861,197 481,338 1,138,013 1,510,409 - - 1,510,409 0% Intergov./ Grants 135,000 135,000 - - - 2,422,400 2,422,400 (2,422,400) - Licenses & Permits 289 289 880 360 360 23 23 337 6% Charges for Services 3,171,541 3,171,541 3,526,958 3,531,304 5,404,788 684,212 684,212 4,720,576 13% Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 130,670 130,670 282,912 107,060 239,387 16,572 16,572 222,815 7% Debt Proceeds - - 1,347,128 1,347,128 1,415,383 - - 1,415,383 0% Donations 1,447,300 1,447,300 1,251,417 - 294,000 - - 294,000 0% Other Income 240,432 240,432 151,561 117,264 199,214 (95,671) (95,671) 294,885 -48% Interfund Transfers In 5,372,562 5,372,562 4,100,000 4,100,000 2,300,000 575,000 575,000 1,725,000 25% Total Revenue 22,800,098 22,800,098 24,339,320 22,905,515 24,079,639 3,602,536 3,602,536 20,477,103 15% Expenditures by Division Community Initiatives 1,280,884 1,381,901 1,444,372 1,890,987 1,308,603 399,213 207,246 606,459 702,144 46% Park Administration 1,000,988 1,118,726 1,493,002 1,247,099 1,299,052 312,536 43,579 356,115 942,937 27% Park Maintenance 9,494,446 9,447,125 10,662,645 13,239,916 12,067,015 3,055,056 1,360,904 4,415,960 7,651,055 37% Golf Courses 2,215,416 2,263,706 2,489,827 3,017,963 2,603,212 535,280 149,077 684,357 1,918,854 26% Recreational Experiences 2,376,955 2,368,544 1,957,147 2,480,875 2,539,044 436,584 212,550 649,134 1,889,909 26% Community Programming 1,331,326 1,470,796 1,726,893 2,432,207 2,068,363 367,347 7,908 375,255 1,693,108 18% Development & Promotions 1,069,187 1,145,069 2,096,765 2,500,744 2,190,090 214,552 94,272 308,824 1,881,267 14% - - 1,952,331 1,383,913 2,768,688 656,282 190,500 846,782 1,921,905 31% Park Projects & Capital 838,269 3,136,902 5,568,630 6,048,718 1,730,088 - 108,828 108,828 1,621,260 6% Potawatomi Zoo 602,174 403,422 353,422 353,422 353,422 175,856 175,000 350,856 2,566 99% Total Expenditures 20,209,644 22,736,190 29,745,034 34,595,846 28,927,577 6,152,706 2,549,864 8,702,570 20,225,005 30% Expenditures by Type Personnel Salaries & Wages 7,098,989 7,444,862 9,229,885 9,983,254 9,788,328 2,317,769 - 2,317,769 7,470,559 24% Fringe Benefits 2,297,681 2,308,066 2,394,278 3,102,125 2,668,454 588,234 5,596 593,830 2,074,624 22% Total Personnel 9,396,670 9,752,928 11,624,163 13,085,379 12,456,782 2,906,003 5,596 2,911,599 9,545,183 23% Supplies 1,611,704 1,693,141 1,730,137 2,157,670 2,163,247 409,664 411,363 821,027 1,342,220 38% Services & Charges Professional Services 565,516 728,640 439,311 925,240 655,689 159,027 279,974 439,001 216,687 67% Printing & Advertising 631,575 711,844 1,390,222 1,449,456 1,114,966 6,054 126,226 132,280 982,686 12% Utilities 914,400 880,167 986,182 1,066,550 955,300 324,686 - 324,686 630,614 34% Education & Training 96,883 28,604 59,373 72,720 79,630 14,432 10,600 25,032 54,598 31% Travel 16,085 42,707 13,646 55,223 45,885 - 1,151 1,151 44,734 3% Grants & Subsidies 1,058,200 644,426 482,184 615,000 474,000 181,000 279,000 460,000 14,000 97% Other Services & Charges 680,718 613,394 745,092 1,021,244 1,020,793 119,238 336,856 456,094 564,698 45% Debt Service Principal 462,762 389,972 547,020 802,624 731,227 271,835 - 271,835 459,392 37% Debt Service Interest & Fees 56,745 69,749 67,276 123,072 92,296 27,154 - 27,154 65,142 29% Total Services & Charges 5,443,231 5,158,695 5,713,496 7,134,094 6,256,641 1,317,676 1,100,494 2,418,170 3,838,470 39% Operating Expenditures 16,451,604 16,604,764 19,067,795 22,377,143 20,876,670 4,633,344 1,517,453 6,150,796 14,725,873 29% Capital 1,807,647 3,947,232 7,859,935 9,853,669 5,137,632 791,882 1,032,412 1,824,293 3,313,339 36% Bad Debt 240 160 318 - - - - - - - 5,865,858 Interfund Interfund Allocations 1,950,153 2,184,034 2,816,986 2,365,034 2,913,274 727,481 - 727,481 2,185,794 25% Interfund Transfers Out - - - - - - - - - - Total Interfund 1,950,153 2,184,034 2,816,986 2,365,034 2,913,274 727,481 - 727,481 2,185,794 25% Total Expenditures 20,209,644 22,736,190 29,745,034 34,595,846 28,927,577 6,152,706 2,549,864 8,702,570 20,225,006 30% Net Surplus / (Deficit)2,590,454 63,908 (5,405,714) (11,690,331) (4,847,937) (2,550,170) (5,100,034) Beginning Cash Balance 5,865,858 4,156,004 5,865,858 5,865,858 Cash Adjustments (4,300,308) 1,645,946 5,763,765 - Ending Cash Balance 4,156,004 5,865,858 6,223,909 1,017,920 (607,554) Cash Reserves Target 5,052,411 5,684,048 7,436,259 7,231,894 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 3/31/2026 Fund Name Morris PAC / Palais Royale Marketing Fund Number 273 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Donations - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Services & Charges Printing & Advertising - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 74,809 76,521 74,809 74,809 Cash Adjustments 1,712 (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 3/31/2026 Fund Name Morris PAC Self-Promotion Fund Number 274 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Services & Charges Printing & Advertising - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 264,010 225,432 264,010 264,010 Cash Adjustments (38,578) 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 3/31/2026 Fund Name 2017 Parks Bond Debt Service Fund Number 312 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,080,710 1,080,710 1,132,951 1,140,000 1,131,367 - - 1,131,367 0% Intergov./ Shared Revenues 54,790 54,790 32,086 61,490 29,573 - - 29,573 0% Interest Earnings 438 438 1,747 - 3,272 605 605 2,667 18% Total Revenue 1,135,939 1,135,939 1,166,784 1,201,490 1,164,212 605 605 1,163,607 0% Expenditures by Type Services & Charges Debt Service Principal 865,000 890,000 920,000 920,000 940,000 455,000 - 455,000 485,000 48% Debt Service Interest & Fees 314,165 287,990 261,215 261,215 233,390 120,108 - 120,108 113,283 51% Total Services & Charges 1,179,165 1,177,990 1,181,215 1,181,215 1,173,390 575,108 - 575,108 598,283 49% Total Expenditures 1,179,165 1,177,990 1,181,215 1,181,215 1,173,390 575,108 - 575,108 598,283 49% Net Surplus / (Deficit)(43,226) (42,051) (14,431) 20,275 (9,178) (574,503) (574,503) Beginning Cash Balance 184,163 187,578 184,163 184,163 Cash Adjustments 46,641 38,637 26,840 - Ending Cash Balance 187,578 184,163 196,572 174,985 (419,105) 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 3/31/2026 Fund Name Coveleski Stadium Capital Fund Number 401 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 31,611 31,611 - 31,611 31,611 - - 31,611 0% Interest Earnings 111 111 835 - 220 205 205 15 93% Interfund Transfers In - - - - - - - - - Total Revenue 31,722 31,722 835 31,611 31,831 205 205 31,626 1% Expenditures by Type Services & Charges Repairs & Maintenance 33,159 21,613 - 30,000 - - - - - - Total Services & Charges 33,159 21,613 - 30,000 - - - - - - Capital - - - - - - - - - - Total Expenditures 33,159 21,613 - 30,000 - - - - - - Net Surplus / (Deficit)(1,437) 10,109 835 1,611 31,831 205 205 Beginning Cash Balance 814 11,685 814 814 Cash Adjustments 12,308 (20,979) 2,576 - Ending Cash Balance 11,685 814 4,226 32,646 24,463 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 3/31/2026 Fund Name Professional Sports Convention Development Area Fund Number 413 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 2,055,414 2,055,414 5,869,344 2,800,000 5,000,000 1,853,745 1,853,745 3,146,255 37% Interest Earnings 15,005 15,005 205,509 - 68,879 65,192 65,192 3,687 95% Total Revenue 2,070,419 2,070,419 6,074,853 2,800,000 5,068,879 1,918,937 1,918,937 3,149,942 38% Expenditures by Type Services & Charges Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Interfund Transfers Out - 4,020,000 - - 4,360,500 4,360,500 - 4,360,500 - 100% Total Services & Charges - 4,020,000 - - 4,360,500 4,360,500 - 4,360,500 - 100% Capital 3,568,457 147,772 157,923 218,646 60,723 - 60,723 60,723 - 100% Interfund Transfers Out - 60,723 60,723 (60,723) - Total Expenditures 3,568,457 4,167,772 157,923 218,646 4,421,223 4,360,500 60,723 4,481,946 (60,723) 101% Net Surplus / (Deficit)(1,498,038) (2,097,353) 5,916,930 2,581,354 647,656 (2,441,563) (60,723) (2,563,009) Beginning Cash Balance 775,632 - 775,632 775,632 Cash Adjustments 722,407 2,872,985 (5,226,260) - Ending Cash Balance - 775,632 1,466,302 1,423,287 5,448,695 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 3/31/2026 Fund Name Morris Performing Arts Center Capital Fund Number 416 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 307 307 123,594 - 117,449 546 546 116,903 0% Reimbursements 378,872 378,872 - - - - - - - Debt Proceeds - - - - - - - - - Intergov./State Grants - - - - - - - - - Interfund Transfers In - - - - - - - - - Donations from Private Sources - - - - - - Total Revenue 379,179 379,179 123,594 - 117,449 546 546 116,903 0% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 1,440,954 1,493,326 6,426,666 6,692,686 382,820 116,000 - 116,000 266,820 30% Total Expenditures 1,440,954 1,493,326 6,426,666 6,692,686 382,820 116,000 - 116,000 266,820 30% Net Surplus / (Deficit)(1,061,775) (1,114,147) (6,303,072) (6,692,686) (265,370) (115,454) (115,454) Beginning Cash Balance 1,912,926 203,098 1,912,926 1,912,926 Cash Adjustments (648,054) 2,823,976 5,758,256 - Ending Cash Balance 203,098 1,912,926 1,368,110 1,647,556 (50,791) 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 3/31/2026 Fund Name Palais Royale Historic Preservation Fund Number 450 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Charges for Services 15,594 15,594 31,864 16,000 16,000 7,090 7,090 8,910 44% Interest Earnings 3,450 3,450 6,954 2,512 3,036 1,564 1,564 1,473 51% Total Revenue 19,044 19,044 38,818 18,512 19,036 8,653 8,653 10,383 45% Expenditures by Type Services & Charges Repairs & Maintenance - - - 10,000 - - - - - - Total Services & Charges - - - 10,000 - - - - - - Capital - - - - - - - - - - Total Expenditures - - - 10,000 - - - - - - Net Surplus / (Deficit)19,044 19,044 38,818 8,512 19,036 8,653 8,653 Beginning Cash Balance 93,481 80,911 93,481 93,481 Cash Adjustments (31,615) (6,473) (23,514) - Ending Cash Balance 80,911 93,481 108,786 112,518 197,360 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 3/31/2026 Fund Name Zoo Bond Capital Fund Number 453 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 122 122 - - - - - - - Debt Proceeds - - - - - - - - - Total Revenue 122 122 - - - - - - - Expenditures by Type Services & Charges Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 4,467,955 0 - - - - - - - - Total Expenditures 4,467,955 0 - - - - - - - - Net Surplus / (Deficit)(4,467,833) 122 - - - - - Beginning Cash Balance - - - - Cash Adjustments 4,467,833 (122) 4,467,833 - 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 3/31/2026 Fund Name 2017 Parks Bond Capital Fund Number 471 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 43,384 43,384 30,397 134 17,088 4,978 4,978 12,110 29% Total Revenue 43,384 43,384 30,397 134 17,088 4,978 4,978 12,110 29% Expenditures by Series Supported by Interest Earned - - - - - - - - - - Series A - Howard Park - - - - - - - - - - Series B - St. Louis Street 3,881 - - - - - - - - - Series C - Colfax-Seitz 672 - - - - - - - - - Series D - Howard-Farmers 2,816 - - - - - - - - - Series E - Miami-Twyckenham 15,000 - - 10,000 10,000 - - - 10,000 0% Series F - Seitz Park 2,565 - - - - - - - - - Series G - East Race 465,962 267,485 - - - - - - - - Series H - Pinhook Park 57,555 42,067 - 1 1 - - - 1 0% Series I - Other Park Improv.44,749 55,602 - 11,624 11,624 - - - 11,624 0% Series J - Pinhook Connect 4,403 - 14,004 35,191 21,188 - - - 21,188 0% Series K - Future Projects 182,721 10,000 - 402,005 402,005 - - - 402,005 0% Total Expenditures 780,322 375,154 14,004 458,822 444,818 - - - 444,818 0% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 780,322 375,154 14,004 458,822 444,818 - - - 444,818 0% Total Expenditures 780,322 375,154 14,004 458,822 444,818 - - - 444,818 0% Net Surplus / (Deficit)(736,938) (331,770) 16,393 (458,688) (427,730) 4,978 4,978 Beginning Cash Balance 4,259,726 5,926,118 4,259,726 4,259,726 Cash Adjustments 2,403,330 (1,334,622) (1,688,207) - Ending Cash Balance 5,926,118 4,259,726 2,587,911 3,831,996 594,255 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 3/31/2026 Fund Name Parking Garages Fund Number 601 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 842,422 842,422 1,155,091 859,619 1,528,855 340,911 340,911 1,187,944 22% Fines, Forfeitures, and Fees 69,839 69,839 145,525 70,000 48,000 26,210 26,210 21,790 55% Interest Earnings 22,813 22,813 6,762 4,985 9,657 - - 9,657 0% Other Income - - 1,291 - - 6,159 6,159 (6,159) - Interfund Transfers In - - 175,000 - 290,740 69,164 69,164 221,576 24% Total Revenue 935,075 935,075 1,483,669 934,604 1,877,252 442,443 442,443 1,434,808 24% Expenditures by Subdivisions Parking Enforcement 80,623 168,856 402,979 - 178,802 171,631 22,243 193,874 (15,073) 108% Parking General Operations 585,441 92,666 242,229 177,898 218,635 26,445 7,500 33,945 184,689 16% Main Street Garage 210,216 324,283 241,004 234,334 294,830 88,688 6,392 95,080 199,750 32% Leighton Plaza Garage 231,288 332,274 189,381 242,086 255,076 41,070 326 41,396 213,680 16% Wayne Street Garage 154,644 309,177 384,070 199,776 270,871 102,129 11,984 114,113 156,758 42% Eddy St Commons Garage - 3,704 - - - - - - - - Wayne West Garage - 30,189 342,090 224,157 241,593 106,651 17,435 124,086 117,508 51% Total Expenditures 1,262,212 1,261,150 1,801,753 1,078,252 1,459,807 536,614 65,880 602,495 857,312 41% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 197,293 479,194 534,442 684,779 699,627 163,006 - 163,006 536,621 77% Total Personnel 197,293 479,194 534,442 684,779 699,627 163,006 - 163,006 536,621 77% Supplies 29,259 40,114 76,321 61,609 92,356 54,363 - 54,363 37,993 59% Services & Charges Professional Services 636,076 344,362 681,028 68,060 220,017 152,657 51,356 204,013 16,005 93% Printing & Advertising - - 58 - - 16 - 16 (16) - Utilities 114,917 138,058 120,785 104,000 134,400 28,784 - 28,784 105,616 21% Repairs & Maintenance 143,195 52,754 64,460 6,294 82,100 45,730 925 46,655 35,445 57% Other Services & Charges 41,864 95,668 103,860 22,060 44,583 35,514 13,600 49,114 (4,531) 110% Travel - 469 229 10,080 - - - - - - - - 515 - - 89 - 89 (89) - Telecommunications - - 5,041 - 7,800 2,160 - 2,160 5,640 28% - - 5,137 - - 1,529 - 1,529 (1,529) - - - - - - - - - - - Liability Insurance - 13,613 14,622 20,257 16,724 4,182 - 4,182 12,542 25% Total Services & Charges 936,052 644,925 995,734 230,751 505,624 270,661 65,880 336,541 169,083 67% Operating Expenditures 1,162,603 1,164,234 1,606,496 977,139 1,297,607 488,030 65,880 553,911 743,697 43% Capital - - - - - 8,034 - 8,034 (8,034) - Bad Debt - - - - - - - - - - Interfund Interfund Allocations 99,609 96,916 195,256 101,112 162,199 40,550 - 40,550 121,649 25% Interfund Transfers Out - - - Total Interfund 99,609 96,916 195,256 101,112 162,199 40,550 - 40,550 121,649 25% Total Expenditures 1,262,212 1,261,150 1,801,753 1,078,252 1,459,807 536,614 65,880 602,495 857,312 41% Net Surplus / (Deficit)(327,138) (326,075) (318,083) (143,647) 417,446 (94,171) (160,052) Beginning Cash Balance 907,380 674,268 907,380 907,380 Cash Adjustments 94,026 559,187 275,664 - Ending Cash Balance 674,268 907,380 864,961 1,324,825 (144,887) Cash Reserves Target 907,380 315,287 450,438 364,952 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 3/31/2026 Fund Name Morris Performing Arts Center Operations Fund Number 602 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 988,672 988,672 1,735,598 1,403,079 1,933,000 304,596 304,596 1,628,404 16% Donations - - 9,248 10,000 150,000 - - 150,000 0% Interest Earnings 2,954 2,954 11,577 16,800 16,800 3,720 3,720 13,080 22% Other Income 172,449 172,449 74,608 50,636 58,600 118 118 58,482 0% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In - - 447,000 450,000 - - - - - Total Revenue 1,164,076 1,164,076 2,278,031 1,930,515 2,158,400 308,433 308,433 1,849,966 14% Expenditures by Subdivisions Morris Performing Arts Center 1,413,999 1,521,576 1,725,409 1,864,598 2,044,052 435,871 62,725 498,596 1,545,456 24% Events Promotion - - 21,524 40,000 62,441 12,555 4,366 16,921 45,520 27% Repairs & Maintenance - - - - - 1,622 - 1,622 (1,622) - Total Expenditures 1,413,999 1,521,576 1,746,933 1,904,598 2,106,493 450,048 67,091 517,139 1,590,976 25% Expenditures by Type Personnel Salaries & Wages 462,227 498,090 578,028 603,599 576,755 145,854 - 145,854 430,901 25% Fringe Benefits 176,654 181,155 181,789 251,851 227,544 39,293 - 39,293 188,251 17% Total Personnel 638,881 679,245 759,816 855,450 804,299 185,147 - 185,147 619,152 23% Supplies 32,647 47,759 67,044 83,599 110,076 28,707 1,294 30,001 80,075 27% Services & Charges Professional Services 61,849 109,002 74,630 82,000 88,125 858 4,141 4,999 83,126 6% Printing & Advertising 74,137 61,112 93,421 119,534 178,885 26,432 33,258 59,690 119,195 33% Utilities 137,372 143,388 179,686 181,976 237,000 59,845 - 59,845 177,155 25% Repairs & Maintenance 66,555 87,128 108,358 132,853 167,094 12,428 14,977 27,406 139,688 16% Education & Training 3,718 6,890 9,249 10,000 13,029 4,638 1,772 6,410 6,620 49% Travel 4,341 3,626 5,653 6,120 8,696 1,844 2,086 3,930 4,765 45% Other Services & Charges 114,797 86,045 81,677 119,647 117,544 34,722 9,562 44,284 73,260 38% Total Services & Charges 462,767 497,192 552,674 652,130 810,373 140,767 65,797 206,564 603,809 25% Operating Expenditures 1,134,295 1,224,195 1,379,535 1,591,180 1,724,748 354,621 67,091 421,712 1,303,036 24% Interfund Interfund Allocations 279,705 297,381 367,398 313,418 381,745 95,427 - 95,427 286,317 25% Total Interfund 279,705 297,381 367,398 313,418 381,745 95,427 - 95,427 286,317 25% Total Expenditures 1,413,999 1,521,576 1,746,933 1,904,598 2,106,493 450,048 67,091 517,139 1,589,353 25% Net Surplus / (Deficit)(249,924) (357,500) 531,098 25,917 51,907 (141,615) (208,706) Beginning Cash Balance - - - - Cash Adjustments 249,924 357,500 (531,098) - Ending Cash Balance - - - 51,907 511,020 Cash Reserves Target 141,400 152,158 174,693 210,649 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 3/31/2026 2026 2026 2026 2026 Total 2023 2024 2025 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)- - - - - - - - - - Morris Marketing (#273)- - - - - - - - - - Morris Self-Promotion (#274)- - - - - - - - - Morris Operations Fund (#602)1,164,076 1,164,076 2,278,031 1,930,515 2,158,400 308,433 308,433 1,849,967 14% Total Revenue 1,164,076 1,164,076 2,278,031 1,930,515 2,158,400 308,433 308,433 1,849,967 14% Revenue Intergov./ Grants - - - - - - - - - Charges for Services 988,672 988,672 1,735,598 1,403,079 1,933,000 304,596 304,596 1,628,404 16% Interest Earnings 2,954 2,954 11,577 16,800 16,800 3,720 3,720 13,080 22% Donations - - 9,248 10,000 150,000 - - 150,000 0% Other Income 172,449 172,449 74,608 50,636 58,600 118 118 58,482 0% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In - - 447,000 450,000 - - - - - Total Revenue 1,164,076 1,164,076 2,278,031 1,930,515 2,158,400 308,433 308,433 1,849,966 14% Expenditures by Fund General Fund (#101)184 - (990) - - - - - - - Morris Marketing (#273)- - - - - - - - - - Morris Self-Promotion (#274)- - - - - - - - - - Morris Operations Fund (#602)1,413,999 1,521,576 1,746,933 1,904,598 2,106,493 450,048 67,091 517,139 1,589,353 25% Total Expenditures 1,414,183 1,521,576 1,745,943 1,904,598 2,106,493 450,048 67,091 517,139 1,589,353 25% Expenditures by Type Personnel Salaries & Wages 462,227 498,090 578,028 603,599 576,755 145,854 - 145,854 430,901 25% Fringe Benefits 176,654 181,155 181,789 251,851 227,544 39,293 - 39,293 188,251 17% Total Personnel 638,881 679,245 759,816 855,450 804,299 185,147 - 185,147 619,152 23% Supplies 32,647 47,759 67,044 83,599 110,076 28,707 1,294 30,001 80,075 27% Services & Charges Professional Services 61,849 109,002 74,630 82,000 88,125 858 4,141 4,999 83,126 6% Printing & Advertising 74,321 61,112 93,421 119,534 178,885 26,432 33,258 59,690 119,195 33% Utilities 137,372 143,388 179,686 181,976 237,000 59,845 - 59,845 177,155 25% Repairs & Maintenance 66,555 87,128 108,358 132,853 167,094 12,428 14,977 27,406 139,688 16% Education & Training 3,718 6,890 9,249 10,000 13,029 4,638 1,772 6,410 6,620 49% Travel 4,341 3,626 5,653 6,120 8,696 1,844 2,086 3,930 4,765 45% Other Services & Charges 114,797 86,045 80,687 119,647 117,544 34,722 9,562 44,284 73,260 38% Total Services & Charges 462,951 497,192 551,684 652,130 810,373 140,767 65,797 206,564 603,809 25% Interfund Interfund Allocations 279,705 297,381 367,398 313,418 381,745 95,427 - 95,427 286,317 25% Interfund Transfers Out - - - - - - - - - - Total Interfund 279,705 297,381 367,398 313,418 381,745 95,427 - 95,427 286,317 25% Total Expenditures 1,414,183 1,521,576 1,745,943 1,904,598 2,106,493 450,048 67,091 517,139 1,589,353 25% Net Surplus / (Deficit)(250,107) (357,500) 532,088 25,917 51,907 (141,615) (208,706) 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 3/31/2026 Fund Name Century Center Operations Fund Number 670 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1,275,000 1,275,000 1,275,000 1,275,000 1,400,000 - - 1,400,000 0% Charges for Services 3,008,853 3,008,853 2,500,189 2,167,000 - 65,000 65,000 (65,000) - Interest Earnings 8,476 8,476 9,602 16,003 64,562 - - 64,562 0% Other Income 99,675 99,675 (134,232) 5,000 226,784 - - 226,784 0% Interfund Allocation Reimb 70,842 70,842 71,905 71,905 - - - - - Total Revenue 4,462,846 4,462,846 3,722,463 3,534,908 1,691,346 65,000 65,000 1,626,346 4% Expenditures by Subdivisions City Operations 1,197,943 1,537,502 1,420,859 1,676,541 393,347 126,112 6,200 132,312 261,035 34% Food & Beverage Operations 2,930,880 3,270,347 3,015,970 1,942,921 33,775 33,203 - 33,203 572 98% Total Expenditures 4,128,823 4,807,849 4,436,829 3,619,462 427,122 159,315 6,200 165,515 261,607 39% Expenditures by Type Personnel Salaries & Wages 337,490 387,748 377,010 512,653 169,344 61,932 - 61,932 107,412 37% Fringe Benefits 112,298 133,624 140,711 213,697 56,440 20,842 - 20,842 35,598 37% Other Personnel Costs 1,241,993 1,456,681 1,746,748 957,926 - - - - - - Total Personnel 1,691,781 1,978,053 2,264,469 1,684,276 225,784 82,774 - 82,774 143,010 37% Supplies 950,670 1,052,869 643,155 453,272 9,791 9,139 99 9,238 552 94% Services & Charges Professional Services 198,618 172,655 143,678 133,518 2,305 2,303 - 2,303 2 100% Printing & Advertising - - - - - - - - - - Utilities 347,863 343,600 394,156 396,747 37,885 37,861 - 37,861 24 100% Repairs & Maintenance 136,704 149,846 133,715 140,245 7,470 4,815 2,655 7,470 - 100% Education & Training 799 - - 200 - - - - - - Travel - - - - - - - - - - Insurance 73,264 52,935 36,867 37,520 540 537 - 537 3 99% Other Services & Charges 476,549 578,463 449,082 385,741 25,188 21,729 3,446 25,175 13 100% Total Services & Charges 1,233,797 1,297,500 1,157,497 1,093,970 73,387 67,245 6,101 73,346 42 100% Operating Expenditures 3,876,248 4,328,422 4,065,121 3,231,519 308,962 159,158 6,200 165,358 143,604 54% Interfund Allocations 252,575 267,354 260,224 280,124 1,000 157 - 157 843 16% Interfund Transfers Out - 212,073 111,484 107,819 117,160 - - - 117,160 0% Total Interfund 252,575 479,427 371,708 387,943 118,160 157 - 157 118,003 0% Total Expenditures 4,128,823 4,807,849 4,436,829 3,619,462 427,122 159,315 6,200 165,515 261,607 39% Net Surplus / (Deficit)334,024 (345,003) (714,366) (84,554) 1,264,223 (94,315) (100,515) Beginning Cash Balance 194,350 1,016,748 194,350 194,350 Cash Adjustments 488,375 (477,396) 1,465,944 - Ending Cash Balance 1,016,748 194,350 945,928 1,458,573 232,457 Cash Reserves Target 1,032,206 1,201,962 1,109,207 106,781 194,349.94 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 3/31/2026 Fund Name Century Center Capital Fund Number 671 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 33,418 33,418 63,759 19,759 20,467 14,804 14,804 5,663 72% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Intergov./ Shared Revenues 494,855 494,855 500,000 500,000 800,000 400,000 400,000 400,000 50% Total Revenue 528,273 528,273 563,759 519,759 820,467 414,804 - 414,804 405,663 51% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 415,617 223,629 79,011 106,740 1,362,730 - 70,329 70,329 1,292,401 5% Total Expenditures 415,617 223,629 79,011 106,740 1,362,730 - 70,329 70,329 1,292,401 5% Net Surplus / (Deficit)112,656 304,644 484,749 413,019 (542,263) 414,804 344,475 Beginning Cash Balance 983,710 983,612 983,710 983,710 Cash Adjustments (112,755) (304,546) (481,493) - Ending Cash Balance 983,612 983,710 986,966 441,448 1,952,744 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 3/31/2026 Fund Name Century Center Energy Conservation Debt Svc Fund Number 672 Fund Type Debt Service Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 5,924 5,924 11,395 622 3,041 2,165 2,165 876 71% Other Income 36,231 36,231 29,796 55,832 47,365 - - 47,365 0% Interfund Transfers In - - 111,484 107,819 115,254 - - 115,254 0% Total Revenue 263,591 263,591 374,112 385,710 387,097 223,602 223,602 163,495 58% Expenditures by Type Services & Charges Debt Service Principal 313,180 309,315 315,561 315,561 321,964 - - - 321,964 0% Debt Service Interest & Fees 94,738 84,073 73,193 73,193 62,093 - - - 62,093 0% Total Expenditures 407,917 393,388 388,754 388,754 384,057 - - - 384,057 0% Net Surplus / (Deficit)(144,326) (129,796) (14,641) (3,043) 3,041 223,602 223,602 Beginning Cash Balance 196,702 193,705 196,702 196,702 Cash Adjustments 141,329 132,793 (5,098) - Ending Cash Balance 193,705 196,702 176,962 199,743 361,035 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 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 3/31/2026 Fund Name City Cemetery Fund Number 730 Fund Type Special Revenue Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 890 890 1,445 630 656 289 289 367 44% Other Income - - - - - - - - - Total Revenue 890 890 1,445 630 656 289 289 367 44% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)890 890 1,445 630 656 289 289 Beginning Cash Balance 30,218 30,041 30,218 30,218 Cash Adjustments (1,068) (713) (1,124) - Ending Cash Balance 30,041 30,218 30,540 30,874 34,518 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 3/31/2026 Fund Name Bowman Cemetery Fund Number 731 Fund Type Special Revenue Fund Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Interest Earnings 14,005 14,005 22,737 9,913 10,314 4,548 4,548 5,767 44% Other Income - - - - - - - - - Total Revenue 14,005 14,005 22,737 9,913 10,314 4,548 4,548 5,767 44% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)14,005 14,005 22,737 9,913 10,314 4,548 4,548 Beginning Cash Balance 475,369 472,576 475,369 475,369 Cash Adjustments (16,798) (11,213) (17,680) - Ending Cash Balance 472,576 475,369 480,425 485,683 543,008 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 3/31/2026 Fund Name 2015 Parks Bond Debt Service Fund Number 757 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 5,303 5,303 4,986 11,163 11,886 1,187 1,187 10,699 10% Interfund Transfers In 338,293 338,293 343,040 381,031 373,231 92,222 92,222 281,009 25% Total Revenue 343,596 343,596 348,026 392,195 385,117 93,409 93,409 291,708 24% Expenditures by Type Services & Charges Debt Service Principal 240,000 240,000 260,000 260,000 260,000 130,000 - 130,000 130,000 50% Debt Service Interest & Fees 135,581 128,381 121,031 121,031 113,231 57,591 - 57,591 55,641 51% Total Expenditures 375,581 368,381 381,031 381,031 373,231 187,591 - 187,591 185,641 50% Net Surplus / (Deficit)(31,986) (24,786) (33,005) 11,163 11,886 (94,181) (94,181) Beginning Cash Balance 587,763 586,111 587,763 587,763 Cash Adjustments 30,334 26,437 35,390 - Ending Cash Balance 586,111 587,763 590,148 599,649 467,108 Cash Reserves Target 586,111 587,763 590,148 599,649 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 3/31/2026 Fund Name Studebaker-Oliver Revitalizing Grants Fund Number 209 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 18,615 18,615 27,412 10,783 12,788 4,764 4,764 8,024 37% Other Income - - - - - - - - - Total Revenue 18,615 18,615 27,412 10,783 12,788 4,764 4,764 8,024 37% Expenditures by Type Services & Charges Professional Services 25,658 39,368 101,948 84,626 126,313 1,993 94,808 96,801 29,513 77% Total Services & Charges 25,658 39,368 101,948 84,626 126,313 1,993 94,808 96,801 29,513 77% Capital - - - - - - - - - - Total Expenditures 25,658 39,368 101,948 84,626 126,313 1,993 94,808 96,801 29,513 77% Net Surplus / (Deficit)(7,043) (20,752) (74,536) (73,843) (113,525) 2,771 (92,037) Beginning Cash Balance 692,248 763,112 692,248 692,248 Cash Adjustments 77,907 (50,112) 40,149 - Ending Cash Balance 763,112 692,248 657,860 578,723 567,641 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 3/31/2026 Fund Name Economic Development State Grants Fund Number 210 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 85,650 85,650 - - - - - - - Interest Earnings - - - - - - - - - Other Income - - - - - - - - - Total Revenue 85,650 85,650 - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance 144,348 - - - - - - - - - Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Grants & Subsidies - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges 144,348 - - - - - - - - - Total Expenditures 144,348 - - - - - - - - - Net Surplus / (Deficit)(58,698) 85,650 - - - - - Beginning Cash Balance 26,876 27,154 26,876 26,876 Cash Adjustments 58,976 (85,928) (102,778) - 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 3/31/2026 Fund Name Dept of Community Investment Operating Fund Number 211 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - Charges for Services 266,888 266,888 936,014 608,674 473,120 39,649 39,649 433,471 8% Fines, Forfeitures, and Fees 92,005 92,005 72,979 64,500 71,700 69,475 69,475 2,225 97% Interest Earnings (92) (92) 1,728 100,000 12,262 0 0 12,262 0% Other Income 24,565 24,565 39,553 20,000 52,900 1,833 1,833 51,067 3% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In 3,778,841 3,778,841 2,873,400 4,000,000 3,400,000 1,169,000 1,169,000 2,231,000 34% Total Revenue 4,391,340 4,391,340 3,925,244 4,793,174 4,009,982 1,279,957 1,279,957 2,730,025 32% Expenditures by Type Personnel Salaries & Wages 1,854,286 1,973,676 2,211,293 2,336,348 2,222,285 560,020 - 560,020 1,662,265 25% Fringe Benefits 831,403 645,485 669,936 966,701 836,663 172,904 - 172,904 663,759 21% Total Personnel 2,685,689 2,619,161 2,881,229 3,303,049 3,058,948 732,924 - 732,924 2,326,024 24% Supplies 29,510 34,082 46,228 71,129 45,367 6,489 2,072 8,561 36,807 19% Services & Charges Professional Services 496,648 618,918 705,111 906,021 845,006 290,959 453,618 744,577 100,429 88% Printing & Advertising 12,182 14,892 10,339 23,979 15,643 275 5,907 6,183 9,460 40% Education & Training 6,663 15,003 23,021 18,200 6,100 1,090 - 1,090 5,010 18% Travel 8,342 15,891 12,445 24,633 11,102 2,379 - 2,379 8,722 21% Repairs & Maintenance 1,302 1,230 (1,184) 4,406 2,301 484 - 484 1,817 21% Other Services & Charges 16,044 68,764 26,546 42,700 20,791 8,216 1,576 9,792 10,999 47% Total Services & Charges 541,181 734,699 776,279 1,019,938 900,942 303,404 461,101 764,505 136,437 85% Operating Expenditures 3,256,381 3,387,942 3,703,736 4,394,117 4,005,257 1,042,816 463,173 1,505,990 2,499,268 38% Bad Debt - - - - - - - - - - Interfund Interfund Allocations 758,702 845,870 829,083 936,455 952,171 238,388 - 238,388 713,783 25% Interfund Transfers Out - - - - - - - - - - Total Interfund 758,702 845,870 829,083 936,455 952,171 238,388 - 238,388 713,783 25% Total Expenditures 4,015,082 4,233,812 4,532,819 5,330,572 4,957,429 1,281,204 463,173 1,744,377 3,213,051 35% Net Surplus / (Deficit)376,258 157,528 (607,575) (537,398) (947,446) (1,247) (464,420) Beginning Cash Balance 394,125 1,629,498 394,125 394,125 Cash Adjustments 859,115 (1,392,901) 236,746 - Ending Cash Balance 1,629,498 394,125 23,296 (553,321) 19 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 3/31/2026 Fund Name Dept of Community Investment Grants Fund Number 212 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 5,559,168 5,559,168 3,923,622 3,067,662 3,217,882 969,968 969,968 2,247,914 30% Fines, Forfeitures, and Fees - - - - - - - - - Other Income 15,178 15,178 - 67,500 5,000 22,934 22,934 (17,934) 459% Misc Revenue-Interest Earnings - - - 2,857 10,030 - - 10,030 0% Total Revenue 5,574,346 5,574,346 3,923,622 3,138,019 3,232,912 992,902 992,902 2,240,010 31% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Grants & Subsidies 4,310,457 2,859,882 4,271,423 10,771,637 8,868,768 691,900 2,180,354 2,872,254 5,996,514 32% Total Services & Charges 4,310,457 2,859,882 4,271,423 10,771,637 8,868,768 691,900 2,180,354 2,872,254 5,996,514 32% Total Expenditures 4,310,457 2,859,882 4,271,423 10,771,637 8,868,768 691,900 2,180,354 2,872,254 5,996,514 32% Net Surplus / (Deficit)1,263,889 2,714,464 (347,801) (7,633,618) (5,635,856) 301,003 (1,879,352) Beginning Cash Balance 409,818 313,907 409,818 409,818 Cash Adjustments (1,359,799) (2,618,554) (217,901) - Ending Cash Balance 313,907 409,818 (155,885) (5,226,038) 174,292 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 3/31/2026 Fund Name Unsafe Building Fund Number 219 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 68,515 68,515 107,348 91,240 85,600 64,318 64,318 21,282 75% Interest Earnings 24,876 24,876 45,423 19,605 41,520 9,629 9,629 31,891 23% Other Income - - - - - - - - - Total Revenue 93,390 93,390 152,771 110,845 127,120 73,947 73,947 53,173 58% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services 17,500 24,780 24,212 25,000 25,788 15,848 9,940 25,788 - 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 17,500 24,780 24,212 25,000 25,788 15,848 9,940 25,788 - 100% Operating Expenditures 17,500 24,780 24,212 25,000 25,788 15,848 9,940 25,788 - 100% Bad Debt - - - - - - - - - - Total Expenditures 17,500 24,780 24,212 25,000 25,788 15,848 9,940 25,788 - 100% Net Surplus / (Deficit)75,890 68,610 128,559 85,845 101,332 58,100 48,160 Beginning Cash Balance 764,981 832,938 764,981 764,981 Cash Adjustments (7,933) (136,568) (71,248) - Ending Cash Balance 832,938 764,981 822,291 866,313 1,195,743 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 3/31/2026 Fund Name Rental Units Regulation Fund Number 221 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 150,899 150,899 187,691 250,000 169,000 93,909 93,909 75,091 56% Interest Earnings 5,230 5,230 20,688 9,380 28,017 5,429 5,429 22,589 19% Interfund Transfers In - - - - - - - - - Total Revenue 156,129 156,129 208,379 259,380 197,017 99,337 99,337 97,680 50% Expenditures by Type Personnel Salaries & Wages 42,182 (5,308) - - - 3,483 - 3,483 (3,483) - Fringe Benefits 21,718 (425) - - - 873 - 873 (873) - Total Personnel 63,900 (5,733) - - - 4,356 - 4,356 (4,356) - Supplies - - - - - - - - - - Services & Charges Professional Services 1,475 62,325 6,565 144,866 114,301 3,250 81,051 84,301 30,000 74% Other Services & Charges - - - - - - - - - - Total Services & Charges 1,475 62,325 6,565 144,866 114,301 3,250 81,051 84,301 30,000 74% Interfund Interfund Allocations - - - - - 8 - - - 595 Total Interfund - - - - 8 - - - - Total Expenditures 65,375 56,593 6,565 144,866 114,301 7,615 81,051 88,658 25,644 78% Net Surplus / (Deficit)90,754 99,537 201,814 114,514 82,716 91,722 10,680 Beginning Cash Balance 87,416 189,090 87,416 87,416 Cash Adjustments 10,920 (201,211) (165,704) - Ending Cash Balance 189,090 87,416 123,526 170,132 703,882 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 3/31/2026 Fund Name Code Enforcement Fund Number 230 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 23,580 23,580 23,460 25,000 19,000 7,920 7,920 11,080 42% Charges for Services 43,575 43,575 49,146 45,200 41,530 14,886 14,886 26,644 36% Fines, Forfeitures, and Fees 301,742 301,742 229,797 181,900 175,400 51,263 51,263 124,137 29% Interest Earnings 1,261 1,261 7,669 - - 1,044 1,044 (1,044) - Debt Proceeds 232,000 232,000 356,000 356,000 - - - - - Other Income 19,515 19,515 9,456 1,000 170 - - 170 0% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In 3,298,000 3,298,000 5,207,000 6,800,000 5,600,000 1,450,000 1,450,000 4,150,000 26% Total Revenue 3,919,673 3,919,673 5,882,528 7,409,100 5,836,100 1,525,112 1,525,112 4,310,987 26% Expenditures by Subdivisions Neighborhood Services 3,247,961 3,742,671 4,751,312 6,495,550 5,432,852 1,148,081 72,144 1,220,225 4,212,626 22% Animal Resource Center 1,148,773 1,258,552 1,126,734 1,484,103 1,454,754 359,986 79,394 439,380 1,015,374 30% Total Expenditures 4,396,734 5,001,223 5,878,047 7,979,653 6,887,605 1,508,067 151,538 1,659,605 5,228,000 24% Expenditures by Type Personnel Salaries & Wages 1,808,248 1,997,996 2,328,630 2,946,308 2,765,410 692,916 - 692,916 2,072,494 25% Fringe Benefits 523,537 753,840 812,789 1,358,493 1,256,270 225,108 - 225,108 1,031,162 18% Total Personnel 2,331,786 2,751,836 3,141,419 4,304,801 4,021,680 918,025 - 918,025 3,103,656 23% Supplies 212,692 179,819 165,850 272,021 231,453 41,150 19,002 60,152 171,301 26% Services & Charges Professional Services 119,532 162,559 232,075 288,155 211,291 15,480 12,254 27,735 183,557 13% Printing & Advertising 11,387 7,497 9,719 22,147 22,288 4,706 6,882 11,588 10,701 52% Utilities 35,422 38,188 40,623 41,389 41,000 10,134 - 10,134 30,866 25% Repairs & Maintenance 129,650 352,604 402,903 785,816 645,255 56,206 33,241 89,447 555,809 14% Education & Training 7,627 8,354 13,327 29,900 14,691 1,692 691 2,382 12,309 16% Travel 6,641 5,430 8,334 26,400 10,000 - - - 10,000 0% Other Services & Charges 199,211 121,521 132,600 215,266 187,894 37,628 44,360 81,987 105,907 44% Debt Service Principal 207,530 247,430 299,176 306,356 344,871 158,702 - 158,702 186,169 46% Debt Service Interest & Fees 13,571 19,272 26,486 30,088 30,923 15,322 - 15,322 15,600 50% Total Services & Charges 730,571 962,854 1,165,245 1,745,517 1,508,213 299,869 97,428 397,296 1,110,918 26% Operating Expenditures 3,275,049 3,894,508 4,472,514 6,322,339 5,761,346 1,259,043 116,429 1,375,473 4,385,875 24% Bad Debt 270 682 420 - - - - - - - Interfund Allocations 848,209 972,169 869,184 1,062,454 994,329 249,024 - 249,024 745,305 25% Total Expenditures 4,396,734 5,001,223 5,878,047 7,979,653 6,887,605 1,508,067 151,538 1,659,605 5,228,002 24% Net Surplus / (Deficit)(477,061) (1,081,550) 4,481 (570,553) (1,051,505) 17,046 (134,492) Beginning Cash Balance 497,492 803,572 497,492 497,492 Cash Adjustments 783,142 775,469 (4,479) - Ending Cash Balance 803,572 497,492 497,495 (554,013) 2,008 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 3/31/2026 Fund Name Urban Development Action Grant Fund Number 410 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Interest Earnings 8,846 8,846 3,170 7,950 1,438 634 634 804 44% Other Income - - - - - - - - - Total Revenue 8,846 8,846 3,170 7,950 1,438 634 634 804 44% Expenditures by Type Services & Charges Debt Service Principal 338,253 - - - - - - - - - Other Services & Charges - - - Total Expenditures 338,253 - - - - - - - - - Net Surplus / (Deficit)(329,407) 8,846 3,170 7,950 1,438 634 634 Beginning Cash Balance 27,182 32,733 27,182 27,182 Cash Adjustments 334,958 (14,397) 367,165 - Ending Cash Balance 32,733 27,182 397,517 28,621 75,719 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 3/31/2026 Fund Name Consolidated Building Fund Number 600 Fund Type Enterprise Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Licenses & Permits 2,099,002 2,099,002 3,252,267 2,285,800 3,352,350 438,468 438,468 2,913,882 13% Fines, Forfeitures, and Fees 13,890 13,890 5,982 13,000 5,150 2,881 2,881 2,269 56% Interest Earnings 56,845 56,845 163,692 55,082 156,477 23,287 23,287 133,190 15% Other Income 5,831 5,831 7,059 - 3,100 2,350 2,350 750 76% Capital Lease Proceeds - - - - - - - - - Total Revenue 2,175,568 2,175,568 3,428,999 2,353,882 3,517,077 466,986 466,986 3,050,091 13% Expenditures by Type Personnel Salaries & Wages 830,167 881,725 920,591 1,032,036 1,068,954 255,582 - 255,582 813,372 24% Fringe Benefits 347,728 364,906 307,228 490,334 466,009 81,530 - 81,530 384,479 17% Total Personnel 1,177,895 1,246,632 1,227,819 1,522,370 1,534,963 337,112 - 337,112 1,197,851 22% Supplies 22,819 22,678 38,818 23,000 23,000 4,558 - 4,558 18,442 20% Services & Charges Professional Services - 760 4,483 8,000 8,000 143 - 143 7,858 2% Printing & Advertising - 252 - 4,200 4,200 165 - 165 4,035 4% Education & Training 5,867 5,846 5,141 6,000 6,230 1,086 655 1,741 4,489 28% Travel - - - 6,000 6,000 370 1,044 1,414 4,586 24% Repairs & Maintenance 30,349 28,036 25,309 29,743 39,486 4,645 - 4,645 34,841 12% Other Services & Charges 578,003 1,157,292 2,303,043 34,550 30,550 8,865 500 9,365 21,185 31% Debt Service Principal 4,673 - - - - - - - - - Debt Service Interest & Fees 49 - - - - - - - - - Total Services & Charges 618,941 1,192,185 2,337,977 88,493 94,466 15,273 2,199 17,472 76,994 18% Operating Expenditures 1,819,655 2,461,495 3,604,614 1,633,863 1,652,429 356,944 2,199 359,143 1,293,287 22% Capital 29,033 57,522 56,437 80,000 103,564 - - - 103,564 0% Bad Debt - - - 1,000 1,000 - - - 1,000 0% Interfund Allocations 356,582 319,976 233,433 350,370 308,207 77,185 - 77,185 231,022 25% Total Expenditures 2,205,269 2,838,993 3,894,483 2,065,233 2,065,200 434,129 2,199 436,328 1,628,873 21% Net Surplus / (Deficit)(29,702) (663,425) (465,484) 288,649 1,451,877 32,858 30,658 Beginning Cash Balance 2,102,372 2,127,056 2,102,372 2,102,372 Cash Adjustments 54,386 638,741 475,276 - Ending Cash Balance 2,127,056 2,102,372 2,112,164 3,554,249 2,814,205 Cash Reserves Target 551,317 709,748 973,621 516,300 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 3/31/2026 Fund Name Industrial Revolving Fund Fund Number 754 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 156,288 156,288 169,067 221,654 224,450 36,135 36,135 188,315 16% Other Income 979,867 979,867 (71,328) 847,900 1,572,200 (609,817) (609,817) 2,182,017 -39% Total Revenue 1,136,154 1,136,154 97,738 1,069,554 1,796,650 (573,682) (573,682) 2,370,332 -32% Expenditures by Type Services & Charges Professional Services 48,257 36,211 103,321 511,693 341,480 9,836 22,231 32,067 309,413 9% Other Services & Charges 38,120 45,905 48,574 36,962 46,307 20,730 247 20,977 25,330 45% Grants & Subsidies - - - - - - - - - - Total Services & Charges 86,377 82,115 151,896 548,655 387,787 30,566 22,479 53,044 334,743 14% Bad Debt - - - - - - - - - - Total Expenditures 86,377 82,115 151,896 548,655 387,787 30,566 22,479 53,044 334,743 14% Net Surplus / (Deficit)1,049,778 1,054,039 (54,157) 520,899 1,408,863 (604,248) (626,726) Beginning Cash Balance 3,700,843 2,406,914 3,700,843 3,700,843 Cash Adjustments (2,343,706) 239,890 1,084,337 - Ending Cash Balance 2,406,914 3,700,843 4,731,022 5,109,706 3,618,263 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 3/31/2026 Fund Name 2015 Smart Streets Bond Debt Service Fund Number 756 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 92 36,162 35,128 24 24 35,105 0% Interfund Transfers In 1,714,000 1,714,000 1,713,500 1,710,844 1,705,819 857,000 857,000 848,819 50% Total Revenue 1,714,091 1,714,091 1,713,592 1,747,006 1,740,947 857,024 857,024 883,924 49% Expenditures by Type Services & Charges Debt Service Principal 1,090,000 1,120,000 1,160,000 1,160,000 1,190,000 590,000 - 590,000 600,000 50% Debt Service Interest & Fees 619,319 586,394 552,494 552,844 517,819 262,334 - 262,334 255,484 51% Total Expenditures 1,709,319 1,706,394 1,712,494 1,712,844 1,707,819 852,334 - 852,334 855,484 50% Net Surplus / (Deficit)4,773 7,698 1,098 34,162 33,128 4,689 4,689 Beginning Cash Balance 1,742,699 1,739,076 1,742,699 1,742,699 Cash Adjustments (8,395) (4,075) 2,649 - Ending Cash Balance 1,739,076 1,742,699 1,746,446 1,775,827 1,763,205 Cash Reserves Target 1,739,076 1,742,699 1,746,446 1,775,827 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 3/31/2026 Fund Name 2017 Eddy Street Commons Bond Capital Fund Number 759 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 1 1 515 515 - - 515 0% Total Revenue 1 1 1 515 515 - - 515 0% Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)1 1 1 515 515 - - Beginning Cash Balance 25,763 25,762 25,763 25,763 Cash Adjustments (3) - - - 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 3/31/2026 Fund Name 2017 Eddy Street Commons Bond Debt Service Fund Number 760 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 187 187 188 75,577 73,383 47 47 73,336 0% Interfund Transfers In 1,929,875 1,929,875 1,955,125 1,955,125 1,951,250 978,750 978,750 972,500 50% Total Revenue 1,930,062 1,930,062 1,955,313 2,030,702 2,024,633 978,797 978,797 1,045,836 48% Expenditures by Type Services & Charges Debt Service Principal 760,000 810,000 865,000 865,000 905,000 450,000 - 450,000 455,000 50% Debt Service Interest & Fees 1,169,875 1,131,375 1,090,125 1,090,125 1,046,250 528,750 - 528,750 517,500 51% Total Expenditures 1,929,875 1,941,375 1,955,125 1,955,125 1,951,250 978,750 - 978,750 972,500 50% Net Surplus / (Deficit)187 (11,313) 188 75,577 73,383 47 47 Beginning Cash Balance 3,668,611 3,463,323 3,668,611 3,668,611 Cash Adjustments (205,476) 216,601 - - Ending Cash Balance 3,463,323 3,668,611 3,668,799 3,741,995 3,669,409 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 3/31/2026 Fund Name Central Services Fund Number 222 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb.Balance Budget Revenue Licenses & Permits 2,738 2,738 2,799 2,200 2,200 690 690 1,510 31% Charges for Services 8,923,201 8,923,201 9,911,829 11,965,257 11,872,140 2,209,178 2,209,178 9,662,962 19% Interest Earnings 78 78 6,181 - - 41 41 (41) - Other Income 59,794 59,794 90,139 59,500 59,500 22,761 22,761 36,739 38% Interfund Allocation Reimb 160,000 160,000 160,000 160,000 247,471 61,868 61,868 185,603 25% Interfund Transfers In - - 200,000 - - - - - - Total Revenue 9,145,812 9,145,812 10,370,949 12,186,957 12,181,311 2,294,538 2,294,538 9,886,773 19% Expenditures by Division Equipment Services 9,412,885 10,298,079 9,449,702 11,374,587 10,902,148 2,497,530 48,951 2,546,481 8,355,667 23% Print Shop - - - - - - - - - - Radio Shop 213,640 232,485 323,583 344,536 383,529 95,903 688 96,591 286,937 25% Building Maintenance 195,423 236,661 266,708 293,248 296,036 88,387 800 89,187 206,850 30% Facilities Management 159,963 144,771 147,291 192,746 233,576 36,491 - 36,491 197,084 16% Capital 168,092 138,767 157,823 358,150 541,125 66,552 158,912 225,464 315,661 42% Total Expenditures 10,150,004 11,050,762 10,345,106 12,563,267 12,356,413 2,784,862 209,352 2,994,214 9,362,199 24% Expenditures by Type Personnel Salaries & Wages 1,778,787 2,254,224 2,443,948 2,711,264 2,750,315 720,627 - 720,627 2,029,688 26% Fringe Benefits 721,904 860,801 901,329 1,244,945 1,158,741 267,041 12,458 279,500 879,242 24% Total Personnel 2,500,690 3,115,025 3,345,278 3,956,209 3,909,056 987,668 12,458 1,000,126 2,908,930 26% Supplies 6,543,875 6,834,645 5,799,270 7,190,091 6,646,063 1,425,155 13,101 1,438,256 5,207,808 22% Services & Charges Professional Services 6,968 15,569 1,735 86,530 70,383 1,795 - 1,795 68,588 3% Printing & Advertising - - - - - - - - - - Utilities 68,323 60,520 66,873 80,881 80,881 30,319 - 30,319 50,562 37% Repairs & Maintenance 279,396 190,780 246,224 371,358 440,053 81,957 28,007 109,964 330,088 25% Education & Training 4,990 8,182 7,282 18,050 19,894 3,975 0 3,975 15,919 20% Travel 2,342 2,875 1,853 4,850 4,482 1,011 573 1,584 2,898 35% Other Services & Charges 12,570 12,594 12,225 21,187 35,915 4,037 8,196 12,233 23,682 34% Debt Service Principal 8,254 4,198 - - - - - - - - Debt Service Interest & Fees 237 48 - - - - - - - - Total Services & Charges 383,080 294,765 336,191 582,856 651,607 123,093 36,776 159,870 491,737 25% Capital - 25,342 - 7,200 154,000 - 147,016 147,016 6,984 95% Interfund Interfund Allocations 722,359 780,985 864,367 826,912 995,686 248,946 - 248,946 746,740 25% Interfund Transfers Out - - - - - - - - - - Total Interfund 722,359 780,985 864,367 826,912 995,686 248,946 - 248,946 746,740 25% Total Expenditures 10,150,004 11,050,762 10,345,106 12,563,267 12,356,413 2,784,862 209,352 2,994,214 9,362,199 24% Net Surplus / (Deficit)(1,004,193) (1,904,950) 25,843 (376,310) (175,102) (490,325) (699,676) Beginning Cash Balance 658,666 1,209,079 658,666 658,666 Cash Adjustments 1,554,606 1,354,537 (378,730) - Ending Cash Balance 1,209,079 658,666 305,778 483,564 (290,445) 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 3/31/2026 Fund Name Central Services Capital Fund Number 224 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3/31/2026 Fund Name Liability Insurance Fund Number 226 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 164,629 164,629 336,267 117,112 146,446 67,422 67,422 79,024 46% Other Income 500,956 500,956 42,649 - - 4,464 4,464 (4,464) - Interfund Allocation Reimb 3,583,000 3,583,000 3,639,999 3,639,999 3,881,163 970,258 970,258 2,910,905 25% Interfund Transfers In - - - - - - - - - Total Revenue 4,248,586 4,248,586 4,018,915 3,757,111 4,027,609 1,042,144 1,042,144 2,985,465 26% Expenditures by Division Safety/Risk Management - - - - - - - - - - Liability Insurance 1,062,020 1,184,958 1,277,303 1,353,674 1,500,153 126,936 89,012 215,948 1,284,206 14% Business Insurance 872,633 521,205 717,467 1,270,443 1,345,892 617,855 191,485 809,340 536,552 60% Workers' Compensation 1,086,164 1,392,161 1,302,132 1,405,424 1,386,500 393,766 123,312 517,078 869,422 37% Catastrophic Events 500 - - 92,733 92,733 - - - 92,733 0% Total Expenditures 3,021,317 3,098,324 3,296,903 4,122,275 4,325,278 1,138,556 403,809 1,542,366 2,782,913 36% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 29,792 37,660 45,639 55,000 48,500 12,242 34,282 46,524 1,976 96% Total Personnel 29,792 37,660 45,639 55,000 48,500 12,242 34,282 46,524 1,976 96% Supplies - - - - - - - - - - Services & Charges Professional Services 498,869 275,275 498,335 418,443 493,892 200,816 235,735 436,551 57,341 88% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Repairs & Maintenance 231,043 - - - - - - - - - Insurance 2,052,688 2,427,744 2,375,173 2,282,474 2,388,753 491,709 82,392 574,101 1,814,652 24% Other Services & Charges 208,426 357,645 377,756 1,273,624 1,301,400 433,789 51,400 485,189 816,211 37% Total Services & Charges 2,991,026 3,060,665 3,251,264 3,974,541 4,184,045 1,126,314 369,527 1,495,842 2,688,204 36% Capital 500 - - 92,733 92,733 - - - 92,733 0% Interfund Interfund Allocations - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures 3,021,317 3,098,324 3,296,903 4,122,275 4,325,278 1,138,556 403,809 1,542,366 2,782,913 36% Net Surplus / (Deficit)1,227,268 1,150,261 722,012 (365,164) (297,669) (96,413) (500,222) Beginning Cash Balance 6,100,867 5,956,858 6,100,867 6,100,867 Cash Adjustments (1,371,277) (1,006,252) (1,062,106) - Ending Cash Balance 5,956,858 6,100,867 5,760,773 5,803,197 8,040,625 Cash Reserves Target 1,510,659 1,549,162 1,648,451 2,162,639 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 3/31/2026 Fund Name IT / Innovation / 311 Call Center Fund Number 279 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 9,990,823 9,990,823 14,985,785 14,991,280 14,762,208 3,689,294 3,689,294 11,072,914 25% Charges for Services 2,602 2,602 - - - - - - - Debt Proceeds - - - - - - - - - Other Income 131,250 131,250 164,331 - 18,099 159,562 159,562 (141,463) 882% Donations 15,000 15,000 50,000 - - - - - - Interest Earnings 123,322 123,322 266,884 72,145 125,012 55,956 55,956 69,057 45% Total Revenue 10,262,996 10,262,996 15,467,000 15,063,425 14,905,320 3,904,812 3,904,812 11,000,508 26% Expenditures by Division 311 Call Center 675,189 1,194,171 1,336,391 1,418,380 1,568,862 390,109 11,500 401,609 1,167,253 26% Innovation & Technology 8,751,316 11,307,227 13,468,532 16,257,128 16,096,016 3,469,338 2,778,733 6,248,071 9,847,945 39% Total Expenditures 9,426,505 12,501,398 14,804,923 17,675,507 17,664,877 3,859,447 2,790,233 6,649,679 11,015,198 38% Expenditures by Type Personnel Salaries & Wages 2,176,973 3,198,257 3,516,605 3,532,087 3,715,675 896,699 - 896,699 2,818,976 24% Fringe Benefits 794,161 1,120,370 1,163,358 1,494,332 1,470,377 296,216 - 296,216 1,174,161 20% Total Personnel 2,971,134 4,318,627 4,679,962 5,026,419 5,186,052 1,192,915 - 1,192,915 3,993,137 23% Supplies 164,623 704,783 1,085,481 1,459,089 1,005,794 273,233 40,493 313,727 692,068 31% Services & Charges Professional Services 967,886 811,905 1,403,840 2,434,042 2,383,245 210,972 929,034 1,140,007 1,243,239 48% Printing & Advertising 6,393 11,108 8,022 15,600 15,000 1,392 - 1,392 13,608 9% Repairs & Maintenance 4,116,523 5,556,651 6,518,505 7,360,813 7,836,770 2,010,649 1,759,309 3,769,958 4,066,812 48% Education & Training 32,822 19,183 23,102 67,095 53,085 14,715 11,538 26,253 26,832 49% Travel 30,830 46,813 44,096 49,916 49,380 5,276 16,791 22,067 27,313 45% Other Services & Charges 255,730 270,067 257,941 324,037 350,457 67,310 33,067 100,377 250,080 29% Debt Service Principal 817,680 686,269 728,026 835,752 664,036 65,682 - 65,682 598,354 10% Debt Service Interest & Fees 57,489 68,681 47,431 96,426 62,630 1,922 - 1,922 60,708 3% Total Services & Charges 6,285,351 7,470,676 9,030,964 11,183,681 11,414,604 2,377,917 2,749,739 5,127,657 6,286,946 45% Operating Expenditures 9,421,108 12,494,086 14,796,408 17,669,189 17,606,450 3,844,065 2,790,233 6,634,298 10,972,151 38% Total Interfund 5,398 7,312 8,515 6,318 58,427 15,381 - 15,381 43,045 26% Total Expenditures 9,426,505 12,501,398 14,804,923 17,675,507 17,664,877 3,859,447 2,790,233 6,649,679 11,015,196 38% Net Surplus / (Deficit)836,490 (2,238,402) 662,077 (2,612,083) (2,759,558) 45,365 (2,744,867) Beginning Cash Balance 3,482,865 2,125,192 3,482,865 3,482,865 Cash Adjustments (2,194,163) 3,596,075 553,387 - Ending Cash Balance 2,125,192 3,482,865 4,698,328 723,307 7,032,474 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 3/31/2026 Fund Name Self-Funded Employee Benefits Fund Number 711 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 17,264,637 17,264,637 17,907,655 18,082,500 18,082,500 4,557,744 4,557,744 13,524,756 25% Other Income 645,958 645,958 822,448 810,000 926,961 367,272 367,272 559,689 40% Interest Earnings 281,357 281,357 392,585 184,659 184,659 57,356 57,356 127,303 31% Total Revenue 18,191,953 18,191,953 19,122,688 19,077,159 19,194,120 4,982,372 4,982,372 14,211,748 26% Expenditures by Subdivision Health Insurance 17,293,498 17,289,436 20,508,583 20,078,498 18,596,613 4,931,691 2,370,724 7,302,415 11,294,198 39% Workplace Wellness Clinic 1,862,320 1,301,396 1,609,324 1,289,140 1,380,426 302,851 857,433 1,160,284 220,142 84% Employee Wellness 81,555 143,832 116,860 145,000 145,483 36,126 80,188 116,313 29,170 80% Total Expenditures 19,237,373 18,734,663 22,234,768 21,512,637 20,122,522 5,270,669 3,308,344 8,579,013 11,543,510 43% Expenditures by Type Personnel Other Personnel Costs 16,566,627 16,665,572 19,954,162 19,326,491 17,924,093 4,777,314 1,942,450 6,719,764 11,204,329 37% Total Personnel 16,566,627 16,665,572 19,954,162 19,326,491 17,924,093 4,777,314 1,942,450 6,719,764 11,204,329 37% Supplies 64,176 113,029 97,941 179,183 180,426 23,180 129,250 152,429 27,997 84% Services & Charges Professional Services 1,993,988 1,384,334 1,612,962 1,336,061 1,410,000 315,590 791,183 1,106,774 303,226 78% Printing & Advertising - - - 100 100 - - - 100 0% Insurance 603,954 568,178 570,870 669,303 606,403 154,539 445,461 600,000 6,403 99% Other Services & Charges 8,628 3,551 (1,167) 1,500 1,500 45 - 45 1,455 3% Total Services & Charges 2,606,570 1,956,063 2,182,665 2,006,964 2,018,003 470,174 1,236,645 1,706,819 311,184 85% Bad Debt - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 19,237,373 18,734,663 22,234,768 21,512,637 20,122,522 5,270,669 3,308,344 8,579,013 11,543,510 43% Net Surplus / (Deficit)(1,045,420) (542,711) (3,112,080) (2,435,478) (928,402) (288,297) (3,596,641) 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 9,858,013 6,451,990 Cash Reserves Target 4,809,343 4,683,666 5,558,692 5,030,631 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 3/31/2026 Fund Name Unemployment Compensation Fund Number 713 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 8,305 8,305 16,119 85,000 85,000 11,473 11,473 73,527 13% Interest Earnings 2,161 2,161 - 1,992 33 28 28 5 85% Other Income - - - - - - - - - Interfund Transfers In - - 80,000 - - - - - - Total Revenue 10,467 10,467 96,119 86,992 85,033 11,501 11,501 73,532 14% Expenditures by Type Personnel Other Personnel Costs 77,693 77,729 92,939 - 82,500 15,278 - 15,278 67,222 19% Total Expenditures 77,693 77,729 92,939 - 82,500 15,278 - 15,278 67,222 19% Net Surplus / (Deficit)(67,226) (67,263) 3,181 86,992 2,533 (3,777) (3,777) Beginning Cash Balance - 31,859 - - Cash Adjustments 99,085 35,404 74,698 - Ending Cash Balance 31,859 - 77,878 2,533 (205) Cash Reserves Target 19,423 19,432 23,235 20,625 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2011 (ordinance 10059-10) to account for the City’s payment of unemployment claims and outplacement services on behalf of all departments. Prior to the establishment of this fund, claims were accounted for under individual departments’ operations. This fund receives revenue from an allocation charged to departments through payroll as a percent of full-time wages. During the annual budget process, the Department of Administration & Finance reviews the allocation percentage. When this fund’s cash reserves increase due to lower than anticipated claims, the allocation percentage will be decreased. As cash reserves fall below levels sufficient to support anticipated claims, the allocation percentage will be increased. In November 2016, the charge was suspended due to the fund's high cash reserves In 2020, the allocation to departments was resumed at 0.01% of full-time wages and will increase slightly each year in order to cover unemployment claims. All unemployment claims and outplacement services for all departments are paid through this fund. Claims had remained fairly low in recent years, but in 2020 claims increased substantially due to the COVID-19 pandemic. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report 3/31/2026 Fund Name Rainy Day Fund Number 102 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 321,428 321,428 521,821 227,508 236,725 104,375 104,375 132,350 44% Total Revenue 321,428 321,428 521,821 227,508 236,725 104,375 104,375 132,350 44% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)321,428 321,428 521,821 227,508 236,725 104,375 104,375 Beginning Cash Balance 10,910,077 10,845,986 10,910,077 10,910,077 Cash Adjustments (385,519) (257,337) (11,431,898) - Ending Cash Balance 10,845,986 10,910,077 - 11,146,803 12,462,455 Cash Reserves Target 8,998,791 10,050,609 15,655 10,480,378 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9509-04) in order to set aside monies which can be used to meet unanticipated expenses that cannot be funded from existing appropriations, to meet cash flow needs between biannual distribution of property tax receipts and other periodic distributions, for bridging a gap caused by an unexpected revenue shortfall or significant delay in receiving revenue, and for any other City purpose or need consistent with or permitted by state law. This fund can be used for mid-year or year-end advances to other funds that have cash shortages and the advances must be paid back within six months. The establishment of a Rainy Day Fund is looked upon favorably by bond rating agencies and is one of the factors resulting in South Bend's good AA bond rating with Standard & Poor's. The cash reserve requirement for this fund is 3% of prior year operational expenditures in Civil City funds, excluding interfund transfers. The City can elect to transfer unused or unencumbered funds to this fund per IC 36-1-8-5.1. Every so often, this fund receives certain "catch up" distributions of local income tax monies from the State of Indiana that are required to be deposited into this fund. During 2016, a total of 25% of the special local income tax distribution approved by the Indiana General Assembly, or $1,405,850, was deposited into the Rainy Day Fund as allowed under the statute. On an ongoing basis, this fund receives revenue from interest earned on the fund’s cash balance. No expenditures are budgeted at this time. The most recent activity was an interfund loan to four other funds during 2011. 3% of total expenditures in previous fiscal year for Civil City Funds, less interfund Cash Reserves Target City of South Bend, Indiana Monthly Financial Report 3/31/2026 Fund Name Parental Leave Fund Number 714 Fund Type Internal Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 283,791 283,791 313,857 297,000 297,000 85,795 85,795 211,205 29% Interest Earnings 14,964 14,964 44,160 14,871 19,534 9,499 9,499 10,035 49% Total Revenue 298,755 298,755 358,016 311,871 316,534 95,294 95,294 221,240 30% Expenditures by Type Personnel Salaries & Wages 83,396 78,021 117,790 150,000 100,000 48,560 - 48,560 51,440 49% Total Expenditures 83,396 78,021 117,790 150,000 100,000 48,560 - 48,560 51,440 49% Net Surplus / (Deficit)215,359 220,734 240,226 161,871 216,534 46,735 46,735 Beginning Cash Balance 226,711 157,521 226,711 226,711 Cash Adjustments (284,549) (151,545) (56,419) - Ending Cash Balance 157,521 226,711 410,517 443,244 1,165,159 Cash Reserves Target 6,672 6,242 9,423 8,000 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 3/31/2026 Fund Name Gift, Donation, Bequest Fund Number 217 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 26,704 26,704 102,950 86,747 125,746 18,132 18,132 107,614 14% Bloomberg Mayors Challenge - - - - - - - - - ODI Pitch Program - - 2,000 - - - Human Rights Scholarship Prog.2,450 2,450 14,380 12,000 125,746 - - 125,746 0% Misc Revenue-Donations from Private Sources 49,909 49,909 26,820 20,000 20,000 3,959 3,959 16,041 20% Office of Sustainability - - - - - - - - - Historic Preservation 51 51 38 - - - - - - Home Energy Improvements - - 51,000 - - 36,200 36,200 (36,200) - Code Enforcement Demolitions - - - - - - - - - Animal Resource Center Donations - - - - - - - - - Pokagon Band Donation 100,000 100,000 - - - - - - - Public Donation from Private Sources 3,473,000 3,473,000 - - 7,000,000 - - 7,000,000 0% Total Revenue 3,652,115 3,652,115 197,188 118,747 7,271,492 58,291 58,291 7,213,201 1% Expenditures by Project Wayfinding Signage Project - 5,295,688 719,424 1,704,312 909,887 98,600 247,127 345,727 564,160 38% UNDP - - 6,908 - 37,550 20,000 10,000 30,000 7,550 80% Bloomberg Mayors Challenge 78,044 - - - - - - - - - Human Rights Scholarship Prog.5,856 2,971 8,348 9,000 19,000 1,000 - 1,000 18,000 5% Historic Preservation Commiss.266 - 691 1,000 250 - - - 250 0% Bike Signage - - - 2,500 - - - - - - Electric Vehicle Charging Station 24,565 10,163 25,805 25,000 5,540 7,500 4,172 11,672 (6,132) 211% Home Energy Improvements - - - - 11,460 - 11,460 11,460 - 100% Animal Resource Center 38,753 31,148 62,310 50,000 73,202 13,725 19,373 33,099 40,104 45% Code Enforcement Demolitions - - - - - - - - - - Other Services & Charges - - - - 2,000 500 1,500 2,000 - 100% Total Expenditures 147,483 5,339,970 823,486 1,791,812 1,058,889 141,325 293,633 434,958 623,932 41% Expenditures by Type Supplies 8,182 - - 2,500 - - - - - - Services & Charges Professional Services 116,796 5,326,836 781,735 1,754,312 983,089 112,325 266,501 378,826 604,263 39% Printing & Advertising 4,732 2,971 5,039 1,000 5,250 - - - 5,250 0% Repairs & Maintenance 11,460 - 22 25,000 12,000 - 2,031 2,031 9,969 17% Grants & Subsidies - - - - - - - - - - Other Services & Charges 6,313 10,163 36,690 9,000 58,550 29,000 25,101 54,101 4,449 92% Facilities Management - - - - - - - - - - Total Services & Charges 139,302 5,339,970 823,486 1,789,312 1,058,889 141,325 293,633 434,958 623,931 41% Total Expenditures 147,483 5,339,970 823,486 1,791,812 1,058,889 141,325 293,633 434,958 623,931 41% Net Surplus / (Deficit)3,504,631 (1,687,855) (626,298) (1,673,065) 6,212,602 (83,034) (376,667) 978,522 Beginning Cash Balance 978,522 981,455 978,522 978,522 Cash Adjustments (3,501,699) 1,684,922 542,533 - Ending Cash Balance 981,455 978,522 894,757 7,191,124 2,117,484 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 3/31/2026 Fund Name Loss Recovery Fund Number 227 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 53,138 53,138 140,634 41,355 60,377 30,100 30,100 30,278 50% Intergov./State Grants-Health 1,067,118 1,067,118 341,203 - - - - - - Total Revenue 1,120,256 1,120,256 481,837 41,355 60,377 30,100 30,100 30,278 50% Expenditures by Type Services & Charges Professional Services - - - 200,000 200,000 156,000 - 156,000 44,000 78% Other Services & Charges - - - 210,000 210,000 - - - 210,000 0% Total Expenditures - - - 410,000 410,000 156,000 - 156,000 254,000 38% Net Surplus / (Deficit)1,120,256 1,120,256 481,837 (368,645) (349,623) (125,900) (125,900) Beginning Cash Balance 414,099 481,214 414,099 414,099 Cash Adjustments (1,053,142) (1,187,371) 156,992 - Ending Cash Balance 481,214 414,099 1,052,929 64,477 3,479,805 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 3/31/2026 Fund Name Human Rights Federal Grants Fund Number 258 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 8,775 8,775 145,485 187,000 147,700 23,944 23,944 123,756 16% Charges for Services 20,000 20,000 25,000 - - - - - - Interest Earnings 6,995 6,995 10,625 3,000 11,534 1,455 1,455 10,079 13% Other Income - - - 40,000 - - - - - Total Revenue 35,770 35,770 181,110 230,000 159,234 25,399 25,399 133,835 16% Expenditures by Subdivision General - - - - - - - - - - EEOC 96,673 116,706 139,074 129,396 146,999 10,851 5,120 15,971 131,027 11% HUD 100,097 114,345 162,664 230,182 376,327 74,781 61,667 136,449 239,878 36% Total Expenditures 196,770 231,051 301,739 359,577 523,325 85,633 66,787 152,420 370,905 29% Expenditures by Type Personnel Salaries & Wages 121,381 142,532 140,262 146,200 154,268 29,199 - 29,199 125,069 19% Fringe Benefits 46,580 51,677 56,327 62,377 60,235 9,029 - 9,029 51,206 15% Total Personnel 167,962 194,209 196,589 208,577 214,503 38,228 - 38,228 176,275 18% Supplies 1,280 2,402 4,586 12,000 8,900 567 - 567 8,333 6% Services & Charges Professional Services 1,667 250 8,596 16,400 71,029 1,000 1,975 2,975 68,054 4% Printing & Advertising 23,500 12,284 38,761 52,000 59,862 27,345 29,319 56,664 3,198 95% Education & Training - 9,675 9,855 16,000 20,000 440 - 440 19,560 2% Travel 2,068 11,891 11,746 23,000 16,000 - - - 16,000 0% Repair & Maintenance - - 118 - 600 162 - 162 438 27% Other Services & Charges - - 2,789 31,000 131,957 17,815 35,493 53,308 78,649 40% 294 340 481 600 475 76 - 76 399 16% Total Services & Charges 27,235 34,101 71,865 138,400 299,448 46,762 66,787 113,549 185,899 38% Capital - - 28,218 - - - - - - - Interfund Interfund Allocations 294 340 481 600 475 76 - 76 399 16% Interfund Transfers Out - - - - - - - - - - Total Interfund 294 340 481 600 475 76 - 76 399 16% Total Expenditures 196,770 231,051 301,739 359,577 523,325 85,633 66,787 152,420 370,906 29% Net Surplus / (Deficit)(161,000) (195,282) (120,628) (129,577) (364,091) (60,234) (127,021) Beginning Cash Balance 426,544 486,159 426,544 426,544 Cash Adjustments 220,614 135,667 9,607 - Ending Cash Balance 486,159 426,544 315,523 62,453 131,800 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 3/31/2026 Fund Name American Rescue Plan Fund Number 263 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 180,695 180,695 42,521 - 19,616 8,446 8,446 11,169 43% Total Revenue 180,695 180,695 42,521 - 19,616 8,446 8,446 11,169 43% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Total Personnel - - - - - - - - - - Services & Charges Grants & Subsidies - - - - - - - - - - Other Services & Charges - - - - - - - - - - Capital 945,227 9,321,898 23,274 24,553 1,279 1,153 - 1,153 126 90% Total Expenditures 945,227 9,321,898 23,274 24,553 1,279 1,153 - 1,153 126 90% Net Surplus / (Deficit)(764,532) (9,141,203) 19,246 (24,553) 18,337 7,293 7,293 Beginning Cash Balance 29,536,642 - 29,536,642 29,536,642 Cash Adjustments (28,772,110) 38,677,845 (18,676,429) - Ending Cash Balance - 29,536,642 10,879,460 29,554,979 1,007,322 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 3/31/2026 2026 2026 2026 2026 Total 2023 2024 2025 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)10,775,075 - 3,491,265 758,238 5,444,538 1,418,489 2,650,859 4,069,348 1,375,190 75% Solid Waste Operations Fund (#640)- - - - 109,035 - - - 109,035 0% Water Works Operations Fund (#620)- - - - 134,865 - - - 134,865 0% Sewer Repair Insurance Fund (#640)- - - - - - - - - - Sewer Works Operations Fund (#641)- - - - - - - - - - Project Releaf Fund (#655)- - - - - - - - - - Storm Sewer Fund (#667)- - - - 10,305 - - - 10,305 0% American Rescue Plan (#263)945,227 - 23,274 16,962 - - - - - - Total Expenditures by Fund 11,720,302 - 3,514,539 775,200 5,698,743 1,418,489 2,650,859 4,069,348 1,629,395 71% Expenditures by ARP Programs Strong Neighborhoods Home Repair Assistance Programs 1,440 - 43,494 16,870 - - - - - - Housing Financing 121,108 - 389,669 143,638 1,505,769 180,547 1,325,222 1,505,769 - 100% Home Buying Assistance - - - - - - - - - - Additional Neighborhood Infrastructure 1,232,733 - 167,068 - 423 - - - 423 0% City-wide Comprehensive Plan 105,479 - 10,000 - 179,159 - - - 179,159 0% Plan Implementation 251,541 - 20,000 - 11,459 10,000 193 10,193 1,266 89% Land Bank Startup Costs 27,390 - - - 203,225 - - - 203,225 0% Demolitions (Vacant & Abandoned / Commercial)128,991 - 154,551 (89,145) 543,693 423,472 - 423,472 120,221 78% Neighborhood Development Assistance 0 - 24,158 - 47,842 - 47,842 47,842 - 100% Vacant Building Development Financing 500,000 - - - 1,000,000 500,000 500,000 1,000,000 - 100% Neighborhood Recovery Grants 80,000 - 92,716 - 10,784 - - - 10,784 0% Neighborhood Main Streets (Bike Racks, Trash Cans, etc.)15,644 - 94,222 9,362 182,656 50,347 132,778 183,125 (470) 100% Athletic Court Repair 504,772 - - - - - - - - - Subtotal 2,969,099 - 995,878 80,725 3,685,009 1,164,366 2,006,035 3,170,402 514,608 86% Safe Community for Everyone Homelessness Strategy Implementation - - - - - - - - - - County Partnerships on Homelessness & Mental Health 5,241,510 - 90 - 5,000 - - - 5,000 0% Gun Violence Intervention 63,222 - 96,565 9,185 235,673 17,020 - 17,020 218,653 7% Public Safety Technology Upgrades 814,425 - 72,896 439 151,580 - 59,948 59,948 91,633 40% COVID Response - - - - - - - - - - COVID Facilities Upgrades 209,033 - 11,413 11,413 - - - - - - ARP Premium Pay - - - - - - - - - - Subtotal 6,328,189 - 180,964 21,036 392,253 17,020 59,948 76,968 315,286 20% Robust, Sustainable Infrastructure - Green Infrastructure Greener Homes - - - - - - - - - - Solarize, Switch & Save 91,060 - - - 75,440 - - - 75,440 0% Commercial Recycling Partnership for CBD’s 806 - 7,166 - 67,029 1,481 2,723 4,204 62,825 6% EV Plan & Deployment 85,277 - - - 61,826 - - - 61,826 0% Distributed Solar/Storage - - - - - - - - - - Subtotal 177,143 - 7,166 - 204,294 1,481 2,723 4,204 200,091 2% Equitable Access to Opportunity Small Business Assistance 107,366 - 899,815 137,181 306,758 235,621 302,580 538,201 (231,443) 175% Utility Relief 868,000 - - - 254,411 - - - 254,411 0% Streamlined Assistance 133,800 - 27,442 19,296 73,974 - 15,974 15,974 58,001 22% Opportunity Fund 64,434 - 750,000 500,000 250,001 - 250,000 250,000 1 100% Immigration Support 37,500 - - - 2 - - - 2 0% Subtotal 1,211,100 - 1,677,258 656,477 885,146 235,621 568,554 804,175 80,972 91% Youth and Workforce Development Workforce Development 44,645 - 30,000 - 21,399 - 13,600 13,600 7,799 64% Dream Center 945,227 - 23,274 16,962 - - - - - - Pre-K Centers 44,898 - 600,000 - 510,642 - - - 510,642 0% Subtotal 1,034,770 - 653,274 16,962 532,040 - 13,600 13,600 518,441 3% Total Expenditures by Program 11,720,302 - 3,514,539 775,200 5,698,743 1,418,489 2,650,859 4,069,348 1,629,398 71% 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 3/31/2026 Fund Name COVID-19 Response Fund Number 264 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 368,404 368,404 4,166 5,000 - - - - - Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 368,404 368,404 4,166 5,000 - - - - - Expenditures by Activity Mayor's Office - - - - - - - - - - Common Couuncil - - - - - - - - - - Administration & Finance - - - - - - - - - - Public Works - - - - - - - - - - Innovation & Technology - - - - - - - - - - Police Department - - - - - - - - - - Fire Department - - - - - - - - - - Community Investment 383,405 118,138 4,166 - - - - - - - Venues, Parks & Arts - - - - - - - - - - Code Enforcement - - - - - - - - - - Building Department - - - - - - - - - - Total Expenditures 383,405 118,138 4,166 - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Grants & Subsidies 383,405 118,138 4,166 - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges 383,405 118,138 4,166 - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 383,405 118,138 4,166 - - - - - - - Net Surplus / (Deficit)(15,001) 250,265 - 5,000 - - - Beginning Cash Balance - 53,214 - - Cash Adjustments 68,215 (303,480) (52,921) - Ending Cash Balance 53,214 - (52,921) - - 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 3/31/2026 Fund Name Local Income Tax - Certified Shares Fund Number 404 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - Interest Earnings (329,900) (329,900) 11,707 - 15,737 3,415 3,415 12,321 22% Debt Proceeds - - - - - - - - - Other Income 318,253 318,253 - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue (11,647) (11,647) 11,707 - 15,737 3,415 3,415 12,321 22% Expenditures by Activity General City 13,131,982 47,676 45,564 45,564 - - - - - - Legal Dept - - - - - - - - - - Information Technology 40,135 - - - - - - - - - Police Department 1,138,217 1,138,217 - - - - - - - - Vacant & Abandoned Houses - - - - - - - - - - Community Investment - - - - - - - - - - Parks & Recreation 84,198 11,356 - - - - - - - - Morris Performing Arts Center - - - - - - - - - - Light Up South Bend - 99,875 - - - - - - - - Streets - - - - - - - - - - Curb & Sidewalk - - - - - - - - - - Traffic Signals & Street Lighting - - - - - - - - - - Total Expenditures 14,394,532 1,297,124 45,564 45,564 - - - - - - Expenditures by Type Supplies - 99,875 - - - - - - - - Services & Charges Professional Services 40,135 47,676 45,564 45,564 - - - - - - Printing & Advertising - - - - - - - - - - Utilities - - - - - - - - - - Repairs & Maintenance 84,198 11,356 - - - - - - - - Grants & Subsidies - - - - - - - - - - Other Services & Charges 172 - - - - - - - - - Debt Service Interest & Fees 58,178 50,475 - - - - - - - - Total Services & Charges 1,262,722 1,197,249 45,564 45,564 - - - - - - Capital - - - - - - - - - - Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out 13,131,810 - - - - - - - - - Total Interfund 13,131,810 - - - - - - - - - Total Expenditures 14,394,532 1,297,124 45,564 45,564 - - - - - - Net Surplus / (Deficit)(14,406,179) (1,308,771) (33,857) (45,564) 15,737 3,415 3,415 18,631,245 Beginning Cash Balance 18,631,245 14,902,237 18,631,245 18,631,245 Cash Adjustments 10,677,171 5,037,779 (2,145,586) - Ending Cash Balance 14,902,237 18,631,245 16,451,803 18,646,982 756,398 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 3/31/2026 Fund Name Cumulative Capital Development Fund Number 406 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 581,307 581,307 725,737 691,286 773,121 - - 773,121 0% Intergov./ Shared Revenues 43,758 43,758 26,373 62,613 34,157 - - 34,157 0% Interest Earnings 4,133 4,133 16,315 - 10,359 5,155 5,155 5,204 50% Total Revenue 629,199 629,199 768,424 753,899 817,637 5,155 5,155 812,482 1% Expenditures by Activity Transfer to Fund 404 458,333 500,000 500,000 500,000 500,000 125,000 - 125,000 375,000 25% Police Department 260,548 48,541 - 391,096 - - - - - - Park Capital - - - - - - - - - - Total Expenditures 718,881 548,541 500,000 891,096 500,000 125,000 - 125,000 375,000 25% Expenditures by Type Services & Charges Debt Service Principal 255,412 47,993 - 347,568 - - - - - - Debt Service Interest & Fees 5,136 547 - 43,529 - - - - - - Total Services & Charges 260,548 48,541 - 391,096 - - - - - - Capital - - - - - - - - - - Interfund Transfers Out 458,333 500,000 500,000 500,000 500,000 125,000 - 125,000 375,000 25% Total Expenditures 718,881 548,541 500,000 891,096 500,000 125,000 - 125,000 375,000 25% Beginning Cash Balance 286,746 169,893 286,746 286,746 Cash Adjustments (27,170) 36,195 (266,195) - Ending Cash Balance 169,893 286,746 288,976 604,382 512,865 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 3/31/2026 Fund Name Cumulative Capital Improvement Fund Number 407 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 187,788 187,788 153,773 173,274 174,287 - - 174,287 0% Interest Earnings 7,680 7,680 17,214 - 8,646 4,014 4,014 4,632 46% Other Income - - - - - - - - - Total Revenue 195,468 195,468 170,988 173,274 182,933 4,014 4,014 178,919 2% Expenditures by Activity Transfer to Fund 404 275,000 75,000 75,000 75,000 75,000 18,750 - 18,750 56,250 25% Community Investment - - - - - - - - - - Park Vehicles & Equipment - - - - - - - - - - Venues, Parks & Arts Capital 996 - - - - - - - - - Streets Vehicles & Equipment - - - - - - - - - - Total Expenditures 275,996 75,000 75,000 75,000 75,000 18,750 - 18,750 56,250 25% Expenditures by Type Capital 996 - - - - - - - - - Interfund Transfers Out 275,000 75,000 75,000 75,000 75,000 18,750 - 18,750 56,250 25% Total Expenditures 275,996 75,000 75,000 75,000 75,000 18,750 - 18,750 56,250 25% Net Surplus / (Deficit)(80,528) 120,468 95,988 98,274 107,933 (14,736) (14,736) Beginning Cash Balance 651,096 676,798 651,096 651,096 Cash Adjustments 106,231 (146,170) (388,064) - Ending Cash Balance 676,798 651,096 359,020 759,029 463,898 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 3/31/2026 Fund Name Local Income Tax - Economic Development Fund Number 408 Fund Type Special Revenue Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 17,660,862 17,660,862 17,267,366 17,774,148 18,191,548 4,011,417 4,011,417 14,180,131 22% Intergov./ Grants 44,703 44,703 54,467 - 35,500 - - 35,500 0% Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 750,667 750,667 1,213,293 177,628 590,805 206,789 206,789 384,016 35% Donations 7,500 7,500 5,000 - - - - - - Other Income 1,124 1,124 - 500 - 315 315 (315) - Interfund Transfers In - - - - - - - - - Total Revenue 18,464,856 18,464,856 18,540,126 17,952,276 18,817,853 4,218,521 4,218,521 14,599,332 22% Expenditures by Activity General City 64,117 2,792,305 9,718,109 6,170,506 225,008 140,824 53,558 194,383 30,625 86% PSAP - - - - - - - - - - Community Investment 6,783,252 5,849,366 5,565,619 7,084,718 8,449,043 1,629,227 2,981,377 4,610,604 3,838,438 55% Neighborhoods 3,839,034 6,405,002 7,118,776 10,358,998 8,654,202 2,164,093 919,367 3,083,460 5,570,742 36% Streets 2,379,999 396,395 1,808,295 6,922,910 7,107,806 2,140,210 21,596 2,161,806 4,946,000 30% 2015 Park Bonds 308,421 430,191 374,305 382,031 374,231 60,957 - 60,957 313,274 16% Potawatomi Zoo 1,100,000 - 100,000 100,000 100,000 100,000 - 100,000 - 100% 2018 Zoo Bonds 334,500 326,500 318,000 318,000 327,750 165,250 - 165,250 162,500 50% 300,000 75,000 Engineering - - - 50,000 - - - - - - 2021 Infrastructure Bonds 644,500 643,500 644,500 643,900 646,700 323,000 - 323,000 323,700 50% Four Winds/Coveleski Stadium - 19,000 - - - - - - - - Total Expenditures 15,453,823 16,862,259 25,647,605 32,031,064 26,184,739 6,798,562 3,975,898 10,699,460 15,185,279 41% Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services 489,734 583,421 929,834 496,164 447,934 76,331 232,891 309,222 138,712 69% Printing & Advertising 1,969 1,000 1,099 10,027 3,500 96 - 96 3,404 3% Utilities 41,208 159,322 460,241 74,285 349,000 106,806 - 106,806 242,194 31% Repairs & Maintenance 2,411,278 530,650 2,336,974 2,152,517 891,332 194,461 211,620 406,081 485,251 46% Grants & Subsidies 3,696,740 2,651,419 2,193,391 4,667,380 4,033,073 1,016,711 1,150,986 2,167,697 1,865,376 54% Other Services & Charges 123,986 383,561 663,481 1,148,973 1,040,941 25,341 236,895 262,236 778,705 25% Debt Service Interest & Fees 135,250 127,250 118,000 119,000 108,750 55,250 - 55,250 53,500 51% Total Services & Charges 7,100,164 4,636,623 6,903,019 8,868,346 7,094,531 1,584,996 1,832,392 3,417,388 3,677,142 48% Capital 324,647 498,495 7,690,380 6,187,786 2,270,277 81,609 2,143,506 2,225,114 45,163 98% Interfund Transfers Out 8,029,012 11,727,141 11,054,205 16,974,931 16,819,931 5,131,957 - 5,131,957 11,687,974 31% Total Expenditures 15,453,823 16,862,259 25,647,605 32,031,064 26,184,739 6,798,562 3,975,898 10,774,460 15,410,279 41% Net Surplus / (Deficit)3,011,033 1,602,596 (7,107,479) (14,078,788) (7,366,886) (2,580,041) (6,555,939) Beginning Cash Balance 24,795,353 24,795,353 24,795,353 24,795,353 Cash Adjustments (3,011,033) (1,602,596) 5,686,983 - Ending Cash Balance 24,795,353 24,795,353 23,374,857 17,428,468 20,503,890 Cash Reserves Target 7,726,911 8,431,130 12,823,802 13,092,369 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 3/31/2026 Fund Name Equipment/Vehicle Leasing Fund Number 750 Fund Type Capital Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)- - - - - - - Beginning Cash Balance 347,697 347,680 347,697 347,697 Cash Adjustments (17) 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 3/31/2026 Fund Name South Bend Redevelopment Authority Fund Number 752 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 16,077 16,077 17,118 15,272 263,522 14,636 14,636 248,885 6% Interfund Transfers In 3,825,000 3,825,000 9,805,500 6,205,519 12,242,206 5,362,778 5,362,778 6,879,429 44% Debt Proceeds (33,098,353) (33,098,353) - - - - - - - Total Revenue (29,257,277) (29,257,277) 9,822,618 6,220,790 12,505,728 5,377,414 - 5,377,414 7,128,314 43% Expenditures by Type Services & Charges Debt Service Principal 2,205,000 2,300,000 3,835,000 3,105,000 5,740,000 2,715,000 - 2,715,000 3,025,000 47% Interfund Transfers - - 3,070,500 - - - - - - - Debt Service Interest & Fees 1,447,309 2,386,781 5,959,691 3,628,009 5,420,724 2,738,867 - 2,738,867 2,681,857 51% Total Expenditures 3,652,309 4,686,781 12,865,191 6,733,009 11,160,724 5,453,867 - 5,453,867 5,706,857 49% Net Surplus / (Deficit)(32,909,585) (33,944,058) (3,042,573) (512,218) 1,345,004 (76,453) (76,453) Beginning Cash Balance 242,425 232,423 242,425 242,425 Cash Adjustments 32,899,583 33,954,060 3,058,900 - Ending Cash Balance 232,423 242,425 258,753 1,587,429 2,048,183 Cash Reserves Target 232,423 242,425 258,753 1,587,429 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 3/31/2026 Fund Name South Bend Building Corporation Fund Number 755 Fund Type Debt Service Funds Control City Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 3,995 3,995 2,991 - 4,988 600 600 4,388 12% Debt Proceeds - - - - - - - - - Interfund Transfers In 2,217,500 2,217,500 1,445,000 1,428,605 1,436,855 724,750 724,750 712,105 50% Total Revenue 2,221,495 2,221,495 1,447,991 1,428,605 1,441,843 725,350 725,350 716,493 50% Expenditures by Type Services & Charges Debt Service Principal 1,645,000 910,000 950,000 950,000 995,000 645,000 - 645,000 350,000 65% Debt Service Interest & Fees 557,118 514,543 479,955 480,605 441,855 226,996 - 226,996 214,859 51% Total Services & Charges 2,202,118 1,424,543 1,429,955 1,430,605 1,436,855 871,996 - 871,996 564,859 61% Interfund Transfers Out - - - - - - - - - - Total Expenditures 2,202,118 1,424,543 1,429,955 1,430,605 1,436,855 871,996 - 871,996 564,859 61% Net Surplus / (Deficit)19,377 796,952 18,036 (2,000) 4,988 (146,646) (146,646) Beginning Cash Balance 224,375 833,535 224,375 224,375 Cash Adjustments 589,782 (1,406,112) (30,504) - Ending Cash Balance 833,535 224,375 211,908 229,363 120,773 Cash Reserves Target 833,535 224,375 211,908 229,363 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 3/31/2026 Fund Name TIF - River West Development Area Fund Number 324 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 19,559,921 19,559,921 20,605,180 20,984,804 20,984,804 - - 20,984,804 0% Intergov./ Shared Revenues 385,000 385,000 385,000 283,500 385,000 - - 385,000 0% Intergov./ Grants 331,620 331,620 7,676,757 402,850 610,000 776,118 776,118 (166,118) 127% Charges for Services - - - - - - - - - Interest Earnings 868,831 868,831 1,281,990 1,086,498 1,086,498 286,406 286,406 800,092 26% Donations - - - - - - - - - Debt Proceeds - - - - - 49,431 49,431 (49,431) - Other Income 68,639 68,639 201,682 133,500 188,500 135,316 135,316 53,184 72% Interfund Transfers In 8 8 - - - - - - - Total Revenue 21,214,018 21,214,018 30,150,609 22,891,152 23,254,802 1,247,272 1,247,272 22,007,531 5% Expenditures by Type Services & Charges Professional Services 761,913 2,614,706 4,810,883 5,508,406 13,365,373 2,414,655 1,622,041 4,036,696 9,328,677 30% Debt Service Principal 3,874,615 4,054,615 1,155,386 1,207,742 1,040,000 515,000 - 515,000 525,000 50% Debt Service Interest & Fees 641,646 470,510 378,488 309,548 271,390 139,258 - 139,258 132,133 51% Other Services & Charges 225,000 2,421,357 1,217,940 2,128,643 5,182,968 69,872 1,120,889 1,190,761 3,992,207 23% Total Services & Charges 5,503,174 9,561,189 7,562,697 9,154,339 19,859,730 3,138,785 2,742,929 5,881,714 13,978,017 30% Capital 12,780,071 26,014,116 8,869,257 14,776,988 24,832,222 3,577,054 8,131,633 11,708,687 13,123,536 47% Interfund Transfers Out 4,270,800 3,670,300 5,438,570 5,116,281 7,629,944 2,795,248 - 2,795,248 4,834,696 37% Total Expenditures 22,554,045 39,245,605 21,870,523 29,047,608 52,321,897 9,511,086 10,874,562 20,385,648 31,936,249 39% Net Surplus / (Deficit)(1,340,027) (18,031,586) 8,280,086 (6,156,456) (29,067,095) (8,263,814) (19,138,376) Beginning Cash Balance 33,713,041 29,039,261 33,713,041 33,713,041 Cash Adjustments (3,333,753) 22,705,366 (6,865,791) - 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 3/31/2026 Fund Name TIF - West Washington Fund Number 422 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 490,344 490,344 521,276 667,151 301,306 - - 301,306 0% Interest Earnings 45,603 45,603 62,486 49,974 49,974 13,833 13,833 36,141 28% Other Income - - - - - - - - - Total Revenue 535,947 535,947 583,762 717,125 351,280 13,833 13,833 337,447 4% Expenditures by Type Services & Charges Professional Services - 1,140,000 - - - - - - - - Other Services & Charges - - 61,925 150,000 1,388,075 305,537 289,163 594,700 793,375 43% Total Services & Charges - 1,140,000 61,925 150,000 1,388,075 305,537 289,163 594,700 793,375 43% Capital 99,745 68,357 112,455 - 267,545 177,545 - 177,545 90,000 66% Total Expenditures 99,745 1,208,357 174,380 150,000 1,655,620 483,082 289,163 772,245 883,375 47% Net Surplus / (Deficit)436,202 (672,410) 409,382 567,125 (1,304,340) (469,249) (758,413) Beginning Cash Balance 1,235,031 1,127,293 1,235,031 1,235,031 Cash Adjustments (543,940) 780,148 (200,673) - Ending Cash Balance 1,127,293 1,235,031 1,443,740 (69,309) 1,461,963 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 3/31/2026 Fund Name TIF - River East Development Area (NE Dev) Fund Number 429 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 6,216,898 6,216,898 8,125,754 7,483,422 7,483,422 - - 7,483,422 0% Interest Earnings 360,139 360,139 901,028 479,114 479,114 180,544 180,544 298,570 38% Parking Income - - 4,680 - - 1,080 1,080 (1,080) - Other Income 1,000 1,000 - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 6,578,037 6,578,037 9,031,462 7,962,536 7,962,536 181,624 181,624 7,780,912 2% Expenditures by Type Services & Charges Professional Services 371,517 209,827 2,880,962 1,169,331 3,899,853 93,355 1,766,245 1,859,600 2,040,254 48% Insurance - - - - - - - - - - Other Services & Charges - 802,983 1,132,520 1,072,017 243,365 - 15,000 15,000 228,365 6% Interfund Transfer Out 230,200 784,200 1,194,930 526,200 2,745,125 756,030 - 756,030 1,989,095 28% Total Services & Charges 601,717 1,797,010 5,208,412 2,767,548 6,888,343 849,385 1,781,245 2,630,630 4,257,714 38% Capital 3,232,307 3,379,725 2,413,860 5,274,666 21,063,543 1,551,225 967,741 2,518,967 18,544,576 12% Total Expenditures 3,834,024 5,176,736 7,622,273 8,042,214 27,951,886 2,400,610 2,748,986 5,149,597 22,802,290 18% Net Surplus / (Deficit)2,744,012 1,401,301 1,409,189 (79,678) (19,989,350) (2,218,986) (4,967,972) Beginning Cash Balance 9,506,445 5,864,278 9,506,445 9,506,445 Cash Adjustments (6,386,180) 2,240,866 984,280 - Ending Cash Balance 5,864,278 9,506,445 11,899,914 (10,482,905) 20,049,401 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 3/31/2026 Fund Name TIF - Southside Development Area #1 Fund Number 430 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 2,986,918 2,986,918 3,441,587 3,369,158 3,369,158 - - 3,369,158 0% Interest Earnings 411,769 411,769 360,601 409,258 409,258 78,609 78,609 330,649 19% Other Income 691,010 691,010 - - - - - - - Total Revenue 4,089,697 4,089,697 3,802,188 3,778,416 3,778,416 78,609 78,609 3,699,807 2% Expenditures by Type Services & Charges Professional Services 568,771 277,394 226,688 135,478 2,828,790 12,575 1,567,245 1,579,820 1,248,970 56% Total Services & Charges 568,771 277,394 226,688 135,478 2,828,790 12,575 1,567,245 1,579,820 1,248,970 56% Capital 5,879,206 7,756,642 2,784,310 4,372,263 5,740,726 372,475 2,176,747 2,549,222 3,191,503 44% Total Expenditures 6,447,977 8,034,036 3,010,998 4,507,741 8,569,515 385,050 3,743,992 4,129,042 4,440,473 48% Net Surplus / (Deficit)(2,358,280) (3,944,340) 791,191 (729,325) (4,791,099) (306,441) (4,050,433) Beginning Cash Balance 14,473,182 12,586,134 14,473,182 14,473,182 Cash Adjustments 471,232 5,831,388 (101,641) - Ending Cash Balance 12,586,134 14,473,182 15,162,732 9,682,082 9,099,688 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 3/31/2026 Fund Name TIF - Douglas Road Fund Number 435 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 233,288 233,288 278,701 402,862 402,862 - - 402,862 0% Interest Earnings 12,570 12,570 41,108 22,958 22,958 8,040 8,040 14,918 35% Total Revenue 245,859 245,859 319,809 425,820 425,820 8,040 8,040 417,780 2% Expenditures by Type Services & Charges Professional Services - - - 74,175 74,175 - - - 74,175 0% Other Services & Charges - - - Total Services & Charges - - - 74,175 74,175 - - - 74,175 0% Capital - - 348,434 349,000 566 - - - 566 0% Interfund Transfers Out - - - - - - - - - - Total Expenditures - - 348,434 423,175 74,741 - - - 74,741 0% Net Surplus / (Deficit)245,859 245,859 (28,625) 2,645 351,079 8,040 8,040 Beginning Cash Balance 257,579 93,140 257,579 257,579 Cash Adjustments (410,298) (81,419) 128,980 - Ending Cash Balance 93,140 257,579 357,934 608,658 959,952 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 3/31/2026 Fund Name TIF - River East Residential Area (NE Res) Fund Number 436 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 7,228,216 7,228,216 7,368,486 7,897,678 7,897,678 - - 7,897,678 0% Interest Earnings 157,758 157,758 421,658 274,784 274,784 99,426 99,426 175,358 36% Total Revenue 7,385,974 7,385,974 7,790,145 8,172,462 8,172,462 99,426 99,426 8,073,036 1% Expenditures by Type Services & Charges Professional Services - 10,740 - - - - - - - - Debt Service Principal 464,882 126,129 111,126 111,126 113,360 56,398 - 56,398 56,962 50% Debt Service Interest & Fees 29,946 13,886 9,766 11,766 7,532 4,048 - 4,048 3,484 54% Capital 338,132 2,427,195 399,305 534,673 11,935,368 35,874 7,311,577 7,347,451 Total Services & Charges 832,960 2,577,949 520,197 657,565 12,056,260 96,320 7,311,577 7,407,897 60,446 61% Interfund Transfers Out 4,403,875 4,414,875 4,425,125 4,424,731 4,417,356 2,212,250 - 2,212,250 2,205,106 50% Total Expenditures 5,236,835 6,992,824 4,945,322 5,082,296 16,473,616 2,308,570 7,311,577 9,620,147 2,265,552 58% Net Surplus / (Deficit)2,149,139 393,149 2,844,822 3,090,166 (8,301,154) (2,209,144) (9,520,720) Beginning Cash Balance 5,429,968 4,678,334 5,429,968 5,429,968 Cash Adjustments (2,900,773) 358,485 (1,436,016) - Ending Cash Balance 4,678,334 5,429,968 6,838,775 (2,871,185) 10,767,306 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 3/31/2026 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 30,526 30,526 9,025 134 - 783 783 (783) - Total Revenue 30,526 30,526 9,025 134 - 783 783 (783) - Expenditures by Type Interfund Transfers Out - - - - - - - - - - Debt Service Interest - 41,080 - - - - - - - - Debt Service Principal - 999,382 - - - - - - - - Total Expenditures - 1,040,462 - - - - - - - - Net Surplus / (Deficit)30,526 (1,009,936) 9,025 134 - 783 783 Beginning Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Adjustments (30,526) 1,009,936 (2,334) - Ending Cash Balance 1,040,462 1,040,462 1,047,153 1,040,462 93,437 Cash Reserves Target 1,040,462 1,040,462 1,047,153 1,040,462 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 Airport Development Area TIF Redevelopment Authority bonds (debt schedule #6) for the airport taxable project. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this 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 3/31/2026 Fund Name SBCDA 2003 Debt Reserve Fund Number 328 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 51,035 51,035 15,088 224 224 1,308 1,308 (1,084) 584% Total Revenue 51,035 51,035 15,088 224 224 1,308 1,308 (1,084) 584% 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)51,035 (1,688,460) 15,088 224 224 1,308 1,308 Beginning Cash Balance 1,739,495 1,739,495 1,739,495 1,739,495 Cash Adjustments (51,035) 1,688,460 (3,903) - Ending Cash Balance 1,739,495 1,739,495 1,750,680 1,739,719 156,212 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 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 3/31/2026 Fund Name 2018 TIF Park Bond Debt Service Fund Number 351 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 30,515 30,515 49,539 21,362 43,836 9,909 9,909 33,927 23% Total Revenue 30,515 30,515 49,539 21,362 43,836 9,909 9,909 33,927 23% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)30,515 30,515 49,539 21,362 43,836 9,909 9,909 Beginning Cash Balance 1,035,750 1,029,665 1,035,750 1,035,750 Cash Adjustments (36,599) (24,430) (38,523) - Ending Cash Balance 1,029,665 1,035,750 1,046,766 1,079,585 1,183,125 Cash Reserves Target 1,029,665 1,035,750 1,046,766 1,079,585 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 3/31/2026 Fund Name 2019 South Shore Double Tracking Debt Service Fund Number 352 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 4 713 713 2 2 711 0% Interfund Transfers In 1,035,500 1,035,500 1,035,500 1,030,125 1,030,000 515,500 515,500 514,500 50% Total Revenue 1,035,503 1,035,503 1,035,504 1,030,838 1,030,713 515,502 515,502 515,211 50% Expenditures by Type Services & Charges Debt Service Principal 720,000 760,000 795,000 795,000 835,000 410,000 - 410,000 425,000 49% Debt Service Interest & Fees 310,125 273,625 235,125 235,125 195,000 102,625 - 102,625 92,375 53% Total Services & Charges 1,030,125 1,033,625 1,030,125 1,030,125 1,030,000 512,625 - 512,625 517,375 50% Total Expenditures 1,030,125 1,033,625 1,030,125 1,030,125 1,030,000 512,625 - 512,625 517,375 50% Net Surplus / (Deficit)5,378 1,878 5,379 713 713 2,877 2,877 Beginning Cash Balance 9,443 690 9,443 9,443 Cash Adjustments (14,131) 6,875 (126) - Ending Cash Balance 690 9,443 14,696 10,156 33,708 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 3/31/2026 Fund Name 2020 TIF Library Bond Debt Service Reserve Fund Number 353 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 4 4 6,666 0% Interfund Transfers In - - - - - - - - - Total Revenue 16 16 16 6,670 6,670 4 4 6,666 0% Expenditures by Type Interfund Transfers Out 8 - - - - - - - - - Total Expenditures 8 - - - - - - - - - Net Surplus / (Deficit)8 16 16 6,670 6,670 4 4 Beginning Cash Balance 326,944 326,939 326,944 326,944 Cash Adjustments (13) (11) (16) - Ending Cash Balance 326,939 326,944 326,944 333,614 326,990 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 3/31/2026 Fund Name Redevelopment General Fund Number 433 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 352 352 - - - - - - - Hotel/Motel Taxes 191,000 191,000 764,000 380,500 385,000 382,000 382,000 3,000 99% Interest Earnings 98,249 98,249 147,726 114,424 114,424 33,448 33,448 80,976 29% Donations 1,364,412 1,364,412 1,822,049 1,350,000 1,575,000 65,000 65,000 1,510,000 4% Other Income - - - - - - - - - Interfund Transfers In - - - 150,000 1,500,000 2,600,000 2,600,000 (1,100,000) 173% Total Revenue 1,654,014 1,654,014 2,733,775 1,994,924 3,574,424 3,080,448 3,080,448 493,976 86% Services & Charges Professional Services 10,006 19,983 600 75,173 75,173 - 47,771 47,771 27,402 64% Grants & Subsidies 1,397,903 704,482 1,295,602 1,739,130 1,183,643 221,916 917,494 1,139,411 44,233 96% Other Services & Charges 225,000 125,000 125,000 100,000 56% Total Services & Charges 1,407,909 724,465 1,296,202 1,814,303 1,483,816 346,916 965,265 1,312,182 171,635 88% Capital - - - 120,000 170,000 50,000 - 50,000 120,000 29% Interfund Transfers Out 763,000 763,500 764,000 755,513 755,013 382,000 - 382,000 373,013 51% Total Expenditures 2,170,909 1,487,965 2,060,202 2,689,816 2,408,829 778,916 965,265 1,744,182 664,648 72% Net Surplus / (Deficit)(516,895) 166,049 673,573 (694,892) 1,165,595 2,301,531 1,336,266 Beginning Cash Balance 3,187,994 2,444,710 3,187,994 3,187,994 Cash Adjustments (226,390) 577,236 (107,306) - Ending Cash Balance 2,444,710 3,187,994 3,754,261 4,353,589 6,399,551 Cash Reserves Target 542,727 371,991 515,050 602,207 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 3/31/2026 Fund Name Certified Technology Park Fund Number 439 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 328 328 533 230 230 107 107 123 46% Total Revenue 328 328 533 230 230 107 107 123 46% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)328 328 533 230 230 107 107 Beginning Cash Balance 11,145 11,080 11,145 11,145 Cash Adjustments (394) (263) (414) - Ending Cash Balance 11,080 11,145 11,264 11,375 12,731 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 3/31/2026 Fund Name 2018 TIF Park Bond Capital Fund Number 452 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 67,016 67,016 5,180 1,055 3,455 855 855 2,600 25% Total Revenue 67,016 67,016 5,180 1,055 3,455 855 855 2,600 25% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 7,480 2,238,756 76,676 76,676 - - - - - - Total Expenditures 7,480 2,238,756 76,676 76,676 - - - - - - Net Surplus / (Deficit)59,536 (2,171,740) (71,495) (75,620) 3,455 855 855 Beginning Cash Balance 2,433,236 2,614,468 2,433,236 2,433,236 Cash Adjustments 121,696 1,990,508 (58,889) - Ending Cash Balance 2,614,468 2,433,236 2,302,851 2,436,691 102,105 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 3/31/2026 Fund Name Airport Urban Enterprise Zone Fund Number 454 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 12,091 12,091 19,629 8,461 8,461 3,926 3,926 4,535 46% Total Revenue 12,091 12,091 19,629 8,461 8,461 3,926 3,926 4,535 46% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit)12,091 12,091 19,629 8,461 8,461 3,926 3,926 Beginning Cash Balance 410,393 407,982 410,393 410,393 Cash Adjustments (14,502) (9,680) (15,264) - Ending Cash Balance 407,982 410,393 414,758 418,854 468,787 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 3/31/2026 Fund Name 2023 South Bend Redevelopment Authority Fund Number 456 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - 114,413 114,413 (114,413) - Total Revenue 40,213,563 40,213,563 662,426 - - 114,413 - 114,413 - - 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 5,368,586 15,296,320 9,927,734 443,074 2,111,069 2,554,144 7,373,591 26% Interfund Transfers Out - - - - - - - - - - Total Interfund 6,325,379 5,520,906 5,368,586 15,296,320 9,927,734 443,074 2,111,069 2,554,144 7,373,591 26% Total Expenditures 6,815,738 5,520,906 5,368,586 15,296,320 9,927,734 443,074 2,111,069 2,554,144 7,373,591 26% Net Surplus / (Deficit)33,397,825 34,692,657 (4,706,160) (15,296,320) (9,927,734) (328,661) (2,439,730) Beginning Cash Balance - - - - Cash Adjustments (33,397,825) (34,692,657) 4,706,160 - Ending Cash Balance - - - (9,927,734) 18,237,372 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 3/31/2026 Fund Name 2024 South Bend Redevelopment Authority Fund Number 457 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - 72,347 72,347 (72,347) - Total Revenue - - 418,799 - - 72,347 - 72,347 - - Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services - - 17,193 - - 54,683 37,808 92,490 (92,490) - Debt Service Interest & Fees - - - 45,000 92,490 - - - 92,490 0% Total Services & Charges - - 17,193 45,000 92,490 54,683 37,808 92,490 - 100% Capital - 71,735 2,418,544 14,724,750 14,603,613 171,920 8,278,467 8,450,387 6,153,226 58% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - 71,735 2,435,737 14,769,750 14,696,103 226,602 8,316,274 8,542,877 6,153,226 58% Net Surplus / (Deficit)- (71,735) (2,016,938) (14,769,750) (14,696,103) (154,256) (8,470,530) Beginning Cash Balance - - - - Cash Adjustments - 71,735 2,016,938 - Ending Cash Balance - - - (14,696,103) 15,374,684 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 3/31/2026 Fund Name 458 2024 RDA Bond Proceeds (Four Winds) Fund Number 458 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2026 2026 2026 2026 Total 2023 2024 2025 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 - - 102,273 102,273 (102,273) - Total Revenue - - 911,610 - - 102,273 - 102,273 - - Expenditures by Type Services & Charges Debt Service Interest & Fees - 552,707 - 10,100 - - - - - - Total Services & Charges - 552,707 - 10,100 - - - - - - Capital - 1,474,628 24,185,074 43,528,568 19,343,494 9,100,219 10,038,484 19,138,702 204,792 99% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - 2,027,334 24,185,074 43,538,668 19,343,494 9,100,219 10,038,484 19,138,702 204,792 99% Net Surplus / (Deficit)- (2,027,334) (23,273,464) (43,538,668) (19,343,494) (8,997,946) (19,036,429) Beginning Cash Balance - - - - Cash Adjustments - 2,027,334 23,273,464 - Ending Cash Balance - - - (19,343,494) 11,916,032 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.