HomeMy WebLinkAbout2012 Comprehensive Annual Financial Report - Executive Summary Finalh Bend, fl
Buttigieg
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Executive Summary
Fiscal Year ending December 31, 2012
Prepared by: Department of Administration and Finance
Mark Neal, City Controller
City of South Bend, Indiana
Comprehensive Annual Financial Report — Executive Summary
For The Year Ending December 31, 2012
Table of Contents
Purpose & Summaries
Purpose of the Executive Summary
Quick Facts about South Bend.......
Charts and Graphs .........................
Introduction
Controller's Letter of Transmittal ... ...............................
Independent Auditor's Report on Financial Statements
Management's Discussion and Analysis ......................
Government -Wide Financial Statements:
Statement of Net Position ......................
Statement of Activities ...........................
Fund Financial Statements:
Balance Sheet — Governmental Funds .............. ...............................
Statement of Revenues, Expenditures and Other Changes in Fund
Balances — Governmental Funds ................ ...............................
Statement of Net Position — Proprietary Funds . ...............................
Statement of Revenues, Expenses and Other Changes in
Net Position — Proprietary Funds ................ ...............................
Statement of Fiduciary Net Position — Fiduciary Funds ....................
Statement of Changes in Fiduciary Net Position — Fiduciary Funds.
Financial Trends
Net Position by Component — Last Ten Years .... ...............................
Changes in Net Position — Last Ten Years ......... ...............................
Fund Balances, Governmental Funds — Last Ten Years ...................
Changes in Fund Balances, Governmental Funds — Last Ten Years
Revenue Capacit
2
3 -10
. .......................... 11 -23
. ............................... 24 -26
. ............................... 27-47
48-49
...... 50
51 -52
...... 53
54 -55
56 -57
...... 58
...... 59
...... 60
61 -63
...... 64
...... 65
Property Tax Levies and Collections — Last Ten Years ............................ ............................... 66
Direct and Overlapping Property Tax Rates — Last Ten Years ................. ............................... 67
Assessed Value and Actual Value of Taxable Property— Last Ten Years .............................. 68
Property Tax Collections — Cash Basis — 2003 to 2012 ............................ ............................... 69
Debt Capacity
Computation of Legal Debt Margin — December 31, 2012 ........................ ............................... 70
Ratios of Outstanding Debt by Type — Last Ten Years ............................ ............................... 71
Computation of Direct and Overlapping Debt — December 31, 2012 ....... ............................... 72
Demographic and Economic Information
Demographic Statistics — Last Ten Years .......................................... ............................... 73 -74
Operating and Other Information
Full -Time City Government Employees by Department — Last Ten Years ........................ 75 -76
Grant Compliance
Schedule of Expenditures of Federal Awards ..................................... ............................... 77 -79
City of South Bend, Indiana
2012 CAFR Executive Summary
Purpose of the Executive Summary
The City of South Bend has prepared a Comprehensive Annual Financial Report (CAFR) for the
year ending December 31, 2012. The 2012 CAFR totals 275 pages and meets all of the
requirements set forth by the Government Finance Officers Association for its Certificate of
Achievement for Excellence in Financial Reporting program. If the award is received for 2012,
this will be the twenty -third consecutive year that the City of South Bend has received this
prestigious award.
The purpose of this Executive Summary is to present the most essential schedules and
summaries from the 2012 CAFR, as determined by the City, to allow more ready access to them
by the reader. The schedules and summaries are presented in their original format and the
order of presentation is the same as in the full 2012 CAFR. In addition, the CAFR Executive
Summary includes summary charts and graphs not featured in the 2012 CAFR. The Executive
Summary totals 79 pages.
The Executive Summary and full CAFR are available at:
http: / /docs. southbendin .gov /WebLink8 /Browse.aspx ?dbid =0
or by contacting:
Mark W. Neal, City Controller
City of South Bend
Department of Administration & Finance
227 W. Jefferson Boulevard
South Bend, Indiana 46601
Telephone — (574) 235 -9261
Fax — (574) 235 -9928
On the cover:
Top: The Salvation Army Kroc Community Center officially opened on January 28th, 2012. The
110,000 square -foot community center was paid for by a donation from Ray and Joan Kroc and
community support. "The Center is comprised of five major components: a center of worship
and performance venue, an aquatics center, fitness and recreation center, fine arts, music and
education, and special event facilities" ( http:// www .mvkroc.org /about/history.php).
SpUTR� _'N i ri e
Quick Facts about South Bend =
�-- .1865.
Yearof Incorporation ................................................. ............................... ...........................1865
Mayor.................................................................................... ............................... Pete Buttigieg
Numberof Council Members ....................................................................... ..............................9
Population (2010 census) ......................................... ............................... ........................101,168
Full -time Employees ( 12/ 31/ 12) ................................. ............................... ..........................1,112
2012 Governmental Fund Expenditures ............................... ............................... $ 162,460,000
2012 Government -Wide Expenses ........................................ ............................... $ 195,040,779
Net Position (12/31/12) .......................................................... ............................... $ 462,042,590
Unrestricted Net Position (12/31/12) .................................... ............................... $ 101,255,736
Largest Employer .............................................. ............................... University of Notre Dame
(5,590 employees)
Gross Assessed Property Tax Value ................................... ............................... $ 5,091,222,000
Local Colleges:
• The University of Notre Dame
• Indiana University - South Bend
• Bethel College
• Saint Mary's College
• Holy Cross College
• Trine University - South Bend
• Brown Mackie College - South Bend
• Ivy Tech Community College - South Bend
Attractions:
• Morris Performing Arts Center
• Century Center
• South Bend Silver Hawks
• East Race Waterway
• Potawatomi Zoo
• Palais Royale
• Blackthorn Golf Course
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City of South Bend, Indiana
Full -Time City Government Employees by Department
Highways & Internal
Streets, 52 Service
Fund, 42 General
Economic Government,
Development, 90
24
Culture &
Recreation
128
Enterprise
Funds, 201
Public Safety,
575
Full -Time
Department Positions
Mayor's Office
6
City Clerk's Office
5
Common Council (elected officials, part -time)
8
• Administration and Finance
22
City Attorney's Office
9
Code Enforcement
25
Engineering
15
Police Department
• Communication Center
291
35
Fire Department
249
Parks and Recreation
Convention and Events Management
114
14
• 9 :4"yrLQ
Community and Economic Development
24
Street Department
52
•
Water Works
73
Wastewater
46
Organic Resources (formerly in Wastewater)
6
Sewer
39
Solid Waste
24
Building De artment
13
Central Services
42
Total Full -Time Positions 10 Year Trend
1,400 1,294 1,288 1,213
1,200 1,116 1,132 1,133
1,000
800
600
400
200
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
10
120ON COUNTY -CITY BUILDING
227 W. JEFFERSON BLVD.
SOUTH BEND, INDIANA 46601 -1830
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
PHONE 574/ 235 -9216
FAX 574/ 235 -9928
DEPARTMENT OF ADMINISTRATION AND FINANCE
June 28, 2013
The Honorable Pete Buttigieg, Mayor of the City of South Bend
Members of the City of South Bend Common Council
Residents of the City of South Bend:
The comprehensive annual financial report of the City of South Bend, Indiana (the "City ") for
the year ended December 31, 2012 is hereby submitted. Responsibility for both the accuracy of
the data and the completeness and fairness of the presentation, including all disclosures, rests
with management. To the best of our knowledge and belief, the enclosed data is accurate in all
material respects and is reported in a manner designed to present fairly the financial position and
results of operations of the various funds of the City. All disclosures necessary to enable the
reader to gain an understanding of the government's financial activities are included.
Generally Accepted Accounting Principles (GAAP) requires that management provide a
narrative introduction, overview and analysis to accompany the basic financial statements in the
form of the Management's Discussion and Analysis (MD &A). This letter of transmittal is
designed to complement the MD &A and should be read in conjunction with it. The City of
South Bend's MD &A can be found immediately following the independent auditors report.
The comprehensive annual financial report is presented in four sections: introductory
information, financial information, statistical information and federal compliance information.
The introductory section includes this transmittal letter, the City's organizational chart, a list of
principal City officials and the Certificate of Achievement for Excellence in Financial Reporting
awarded to the City of South Bend for the year ending December 31, 2011. The financial
section begins with the independent auditors' report on the City's financial statements and
schedules, the City managements' discussion and analysis report, followed by the City's basic
financial statements and accompanying notes. The remaining portion of this section includes the
combining and individual fund and other financial statements and schedules. The statistical
section includes selected financial and demographic information generally presented on a multi-
year basis, which has been provided to give the reader a broader understanding of the City. The
federal awards compliance section, which includes the results of the supplemental audit of the
City's federal awards and the internal controls necessary for compliance, is included in a separate
report.
The City is required to undergo an annual single audit in conformity with the provisions of the
U.S. Office of Management and Budget Circular A -133, Audits of States, Local Governments
11
and Non - Profit Organizations, the provisions of Indiana Code section 5- 11 -1 -9 and the
requirements of the Indiana State Board of Accounts. Information related to the single audit,
including the schedule of federal financial assistance, findings and recommendations, and the
auditors' reports on the internal control structure and compliance with applicable laws and
regulations, is included in a separate report.
The following pages of this transmittal letter begin with a general overview of South Bend and
the surrounding area. Also summarized are the key financial, budgetary and property tax controls
with which the City is required to comply. The remainder includes a discussion of the prior
year's financial challenges and accomplishments, the City's goals and objectives for this year and
beyond and other key issues the City is facing along with the impact they may have on current
and future budgets.
GENERAL INFORMATION
The City of South Bend is the county seat of St. Joseph County, Indiana, and is the fourth largest
city in the state. The City of South Bend's 2010 U.S. Bureau of the Census population was
101,168. Accordingly, South Bend is classified as a "City of the Second Class" under Indiana
statutes (cities with a population of 35,000 to 250,000). The City of South Bend operates with a
mayor as chief executive and a nine - member City Common Council composed of six members
elected from districts and three members elected at- large.
The City provides a full range of traditional general governmental services to its citizens. These
services include police and fire protection; sanitation services; the construction and maintenance
of highways, streets and infrastructure; recreational activities and cultural events. In addition to
general governmental activities, the City exercises oversight over the South Bend Water Works,
the South Bend Wastewater Treatment Facility, the Century Center Convention Center, the
Morris Performing Arts Center, the Studebaker National Museum, the City of South Bend
Redevelopment Commission and Authority, and several downtown parking facilities.
Location
St. Joseph County lies within the heartland of the manufacturing belt and metropolitan regions of
the Upper Midwest and Canada. The City of South Bend is located in the north central part of
Indiana, ten miles south of the Michigan state line, and is commonly known to be within the
" Michiana" area. The Michiana area is a vibrant and diverse area with a strong economy based
on a mix of health care, agricultural, service, manufacturing, education and other commercial and
tourism industries. This diverse economic mix creates varied employment opportunities for the
area's residents while providing insulation via diversification from future economic downturns.
The city is approximately 90 miles east of Chicago and 140 miles north of Indianapolis.
Accessibility to transportation, including Interstate 80/90, a regional airport (which is the second
busiest in the State of Indiana) and the South Shore Line has supported economic growth within
the community. Proximity to Chicago, the largest rail and intermodal (rail /truck/ocean/inland
12
waterway) transfer point in the country, is a significant advantage to the City of South Bend as is
proximity to the University of Notre Dame with its scenic campus located adjacent to the city
limits.
St. Joseph County / South Bend - Economic Conditions and Outlook
St. Joseph County, with its 2010 U.S. Bureau of the Census population of 266,931, boasts a
strong history of manufacturing which continues today. The service industry and retail trade
have also flourished, creating a balance that serves the community well. The County experienced
a net growth in population of 28,317 (11.8% increase) between 1960 and 2010. After
experiencing a reduction of 2.6% during 1969 to 1983, at which time the entire Midwest was at
the depth of its economic restructuring and recess, the County's population increased 4.0%
between 1983 and 1990 and another 7.5% between 1990 and 2000. The population of St. Joseph
County has remained fairly flat during the past decade increasing by only 1,372 residents from
2000 to 2010.
The estimated labor force in St. Joseph County is 135,516 workers (US Census Bureau 2007-
2011 Survey 5 -Year Estimates). The workers are typical of the Midwest: well trained with a
strong work ethic. Approximately 87.5% of the area's adult population are high school graduates
or higher (as compared to the national average of 75 %) with an estimated 26.2% with a
Bachelor's Degree or higher. There are ten colleges, universities and technical schools within
South Bend and the surrounding area including the University of Notre Dame; Indiana University
South Bend; Bethel College; Saint Mary's College; Purdue University College of Technology at
South Bend; Holy Cross College; Trine University South Bend; Brown Mackie College; ITT
Technical Institute; and Ivy Tech Community College. At the high school level, there are school -
to -work transition programs. As of April 2013, St. Joseph County is experiencing an
unemployment rate of 9.7 %, which is higher than the State of Indiana unemployment rate of
8.5 %. The unemployment rate in St. Joseph County is somewhat higher than some of its
surrounding counties—Elkhart (9.4 %), LaPorte (11.6 %), and Marshall (9.5 %) in Indiana and
Cass (7.3 %) and Berrien (8.8 %) in Michigan (as of March 2013).
The employment profile for St. Joseph County provides a good overview of the economic make-
up of this community. Employment estimates for the County's major economic sectors are as
follows (US Census Bureau 2007 -2011 Survey 5 -Year Estimates Civilian Employed Population):
Economic Sector Number Employed
% of Total
Educational Services, Healthcare, Social Assistance
32,442
26.7%
Manufacturing
20,204
16.6%
Retail Trade
14,014
11.5%
Arts, Entertainment, Recreation, Accommodation,
11,120
9.1%
Food Services
Professional, Scientific, Management, Administrative,
9,858
8.1%
Waste Management Services
Finance and Insurance, Real Estate, Rentals, Leasing
6,956
5.7%
Construction
6,168
5.1%
Transportation and Warehousing, and Utilities
5,644
4.6%
Other Services, except Public Administration
5,530
4.5%
Wholesale Trade
3,824
3.1%
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Public Administration 3,334 2.7%
Information 2,105 1.7%
Agriculture, Forestry, Fishing, Hunting, Mining 514 0.4%
Total 121,713 100.00%
St. Joseph County presently has an estimated 101,071 households with an average per capita
personal income of $23,420, which compares to the State of Indiana average per capita income of
$24,497 and the United States per capita income of $27,915. The per capita income in St. Joseph
County compares favorably with many of its surrounding counties — Elkhart ($21,879), La Porte
($22,968), and Marshall ($22,376) in Indiana and Cass ($23,045) and Berrien ($24,490) in
Michigan.
Health and education lead the employment statistics for St. Joseph County. The largest
employers in St. Joseph County as of December 2012 were as follows: University of Notre Dame
(4,707); South Bend Community School Corporation (3,212); Memorial Health Systems (3,545);
Saint Joseph Regional Medical Center (2,123); The Diocese of Fort Wayne /South Bend (1,094);
AM General (2.400); 1St Source Bank (1,257); the City of South Bend (1,361); St. Joseph County
(1,211); and Martin's (1,062).
The following provides a profile of the residents of St. Joseph County:
Gender: 48.5% male; 51.5% female
Age: 36.2% 0 -24 years of age; 25.3% 25 -44 years of age; 25.3% 45 -64
years of age; and 13.2% 65 years of age and older.
Race: 76.0% White; 12.4% Black/African American; 7.1 %
Hispanic /Latino; 1.7% Asian; and 2.8% Other
Marital Status: 46.1% Married; 53.9% Single/Widowed/Divorced/Other
Home Ownership: 70.7% own; 29.3% rent /other
The cost of living continues to be one of the greatest advantages of living in this community. The
housing costs in South Bend are well below the national and regional averages. Per a report
compiled by the National Association of Realtors in the first quarter of 2012, the median sales
price for a single family home in the South Bend - Mishawaka Statistical Area was $69,400 as
compared to a median sales price of $157,200 in Chicago and $115,400 in Indianapolis. The
national median sales price is $158,000.
The City of South Bend continues to place high emphasis on a growing and diversified local
economy. It has been active in developing ten industrial parks, offering itself as a low -cost
alternative to the Chicago metropolitan area to companies engaged in light manufacturing,
distribution and services. More than 240 businesses operate in South Bend's industrial parks,
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including companies engaged in metalworking, plastics, warehousing and distribution, and
professional services. In recent years, the City has developed Innovation and Ignition parks, the
first dual -site, state - certified technology park in the State of Indiana.
The South Bend Community School Corporation serves the entire City and some of the
surrounding area and has a current enrollment of approximately 18,982 students in grades
kindergarten through high school. An estimated 5,757 students attend private or parochial
schools within the City. The nine institutions of higher education and technical training located
within the South Bend area have a total enrollment of approximately 31,166. Over the years, the
University of Notre Dame has provided a stabilizing influence on the economy with a very
significant positive economic impact upon the community.
South Bend History and Amenities
In 1820, Pierre Navarre of the American Fur Trading Company was the first settler in the area to
become later known as South Bend. South Bend has continued to progress in its growth since
1842 when Father Edward Sorin named his rustic log chapel "Notre Dame du Lac" and began to
teach the local Indians. Today the chapel has grown into the University of Notre Dame. In 1852,
H.C. Studebaker started the industry of making wagons and horse -drawn buggies that evolved
into the manufacturing of the Studebaker automobile. It made the name Studebaker synonymous
with the area of South Bend and its major employer until its closure in 1963.
Another industrial firm that would later become the area's largest began in 1923 when Vincent
Bendix began manufacturing automotive brakes. In 1929 the company became the Bendix
Aviation Corporation, and now, as Honeywell (formerly AlliedSignal Inc.), is a leading
manufacturer of automotive and aerospace products. The Singer Sewing Company and the Oliver
Chilled Plow Works were other important companies during the early history of South Bend.
Special attractions within the South Bend area include the Olympic -class East Race Waterway
and the East Bank area; the renovated Morris Performing Arts Center, which provides for the
Broadway Theater League, the South Bend Symphony Orchestra with the Chamber and Pops
Orchestras, and the Southold Dance Theater and Patchwork Dance Company; the award - winning
South Bend Civic Theater; the Studebaker National Museum; the South Bend Museum of Art;
the Snite Museum of Art at Notre Dame; the Northern Indiana Center for History;
Copshaholm /The Oliver Mansion; Century Center; Potawatomi Zoo; the Morris
Conservatory /Muessel- Ellison Tropical Gardens; Healthworks! Kids Museum; the Farmers'
Market; and the Belleville Softball Complex. The Coveleski Regional Baseball Stadium (named
after South Bend native and Hall of Fame pitcher Stanley Coveleski) is a 5,000 -seat facility
which opened in 1987 and is rated among the best in minor league baseball. The stadium is
home to the South Bend Silver Hawks, a minor league team affiliated with the Arizona
Diamondbacks. During 2011, the Silver Hawks were sold to Chicago businessman, Andrew
Berlin, who has forged a strong partnership with the City and plans to keep the team in South
Bend for many years to come. Attendance at the stadium has increased significantly in recent
years.
15
Additional miscellaneous information about the City of South Bend can be found in the statistical
section of this report.
Financial, Budgetary and Property Tax Controls
The City's management team is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the government are protected from loss, theft or
misuse and to ensure that adequate accounting data is compiled to allow for the preparation of
financial statements in conformity with generally accepted accounting principles. The internal
control structure is designed to provide reasonable, but not absolute, assurance that these
objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control
should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits
requires estimates and judgments by management.
Single Audit. As a recipient of federal and state financial assistance, the City also is responsible
for ensuring that an adequate internal control structure is in place to ensure compliance with
applicable laws and regulations related to those programs. This internal control structure is
subject to periodic evaluation by management of the City. As part of the City's single audit
described earlier, tests are performed to determine the adequacy of the internal control structure,
including that portion related to federal financial assistance programs, as well as to determine
that the City has complied with applicable laws and regulations. The results of the City's single
audit for the year ended December 31, 2012 are included in a separate report.
Budgetary Controls. In accordance with Indiana statutes, the City maintains budgetary controls
integrated within the accounting system. The objective of these budgetary controls is to ensure
compliance with legal provisions embodied in the annual appropriated budget (prepared on a
cash basis) which is adopted by the City Common Council or Redevelopment Commission
(depending on the fund) and then reviewed and approved by the State of Indiana Department of
Local Government and Finance (DLGF). Activities of the general fund, special revenue funds,
capital project funds, enterprise funds, internal service funds, pension trust funds and debt service
funds are included in the annual budget. The level of budgetary control (that is, the level at
which expenditures cannot legally exceed the appropriated amount) is established by major
budget classification within funds. The Mayor and Common Council may transfer
appropriations from one major budget classification to another within a department by ordinance
as long as the total appropriations for that fund are not exceeded. Additional appropriations in
excess of the original budget must be approved by the Mayor and Common Council and are also
submitted to the DLGF for either approval or acknowledgement (depending on the fund).
Additional appropriations for funds approved by the Redevelopment Commission do not require
DLGF approval. Beginning in budget year 2009, the City must also submit its annual budget to
the St. Joseph County Common Council for a non - binding review and recommendation. The
deadline for adoption of the annual budget is November 1. The city's fiscal year begins on
January 1.
The City maintains an encumbrance accounting system as one technique of accomplishing
budgetary control. Encumbered amounts do not lapse at year end and are carried over to the
following year as a part of the subsequent year's budget.
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Property Tax Controls. In addition to budgetary and other controls established by Indiana
statute, the City must operate within specific and rigid controls governing the amount of property
tax it may levy. The property tax control program, which began in 1973, limits the amount of
property tax that may be levied by each unit of government in its legally budgeted funds. The
total amount of property tax levied by the unit may increase by the six year average annual
growth in Indiana personal non -farm income, as calculated by the U.S. Bureau of Economic
Analysis, with a 6% maximum.
During March 2008, the State of Indiana General Assembly enacted property tax reform
legislation which made significant changes in the property tax system by capping the amount of
property taxes at 1% of grossed assessed value for residential homesteads, 2% for
agricultural /rental properties and 3% for all other real and personal property. This legislation
was phased in over a two year period beginning in 2009. The loss of revenue to the City due to
this legislation was significant but has been overcome by cost savings and the adoption of local
option income taxes to in order to continue providing essential City services, including police
and fire protection.
A historical view of the City's tax rate and its net assessed valuation has been included in the
statistical section of this document.
Citywide Goals and Obiectives for 2013 and Beyond
The City has developed eight broad goals that focus on the following areas: economy, safety,
quality of life, trust, responsiveness, infrastructure, finance and workforce. The City has
identified various objectives that are tied directly to these goals which, if achieved, will result in
the attainment of these goals. The eight goals are listed below.
GOAL ONE: The Community's Economy
Improve South Bend's economy to ensure a vigorous local business climate; ample employment,
business and investment opportunities for all our customers; and a tax base that is sufficient to
meet the needs of the City, its residents and other customers.
GOAL TWO: The Community's Public Safety and Civility
Improve South Bend's public safety and civility to ensure that every resident and other customers
can live, work, play, run a business and raise a family in a humane, pleasant and safe
environment; have adequate, affordable and timely access to all forms of emergency services;
and can contribute and participate in a community where people of different backgrounds live in
mutual respect and harmony.
GOAL THREE: The Community's Quality of Life
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Improve South Bend's quality of life to ensure that every resident and every family can earn an
adequate income; secure adequate housing; live in a safe, pleasant and humane neighborhood;
enjoy a wide range of social, cultural and recreational opportunities; and have access to quality
educational and medical services within an excellent natural and manmade environment.
GOAL FOUR: Trust in City Government
Improve residents' trust in City government to ensure that South Bend has a broad base of
consensus and support on which to build the future, a strong foundation for collaborative action
and community partnerships; and an increase in resident and customer participation in the daily
public life of the community.
GOAL FIVE: The City's Responsiveness, Efficiency, and Effectiveness
Improve the responsiveness, efficiency, and effectiveness of City government to ensure that the
City's customers get the value they expect and deserve.
GOAL SIX: The City's Infrastructure
Improve the City's infrastructure to ensure that South Bend can support physical growth and
economic development; and offer an excellent quality of life to all of its residents and other
customers.
GOAL SEVEN: The City's Financial Condition
Improve the financial condition of City government to ensure that South Bend has the financial
resources necessary to achieve all of its goals during the next five years.
GOAL EIGHT: The City's Workforce
Improve the City government's existing workforce, work environment and human development
systems to ensure that South Bend has the human resources necessary to achieve all its goals
during the next five years.
City Mission Statement and Department Purpose Statements
The City provides services to its customers through thirteen administrative departments. These
departments have unique purposes that are intended to support the citywide mission statement
which is "to be recognized as a model city." Each department has developed a purpose
statement which identifies their specific role.
Mayor's Office: Leading the community to become a model city through formulating
policy, directing operations and responding to customer concerns.
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Common Council: Making 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.
City Clerk's Office: Preserving all City Ordinances and Council meeting minutes for
generations yet to be, and providing fair and consistent treatment of our
Ordinance Violations Bureau customers.
Administration
and Finance: Providing financial and organizational stability for the City through sound
financial and human resources management while ensuring the existence
of a safe work environment, quality employee benefits and equal treatment
for all City employees.
Legal Department: Providing superior, professional and ethical legal services for our client,
the City of South Bend.
Police Department: Protecting the life, property and personal liberties of all individuals;
improving the overall quality of life by deterring criminal activity and
respecting cultural diversity; delivering fair and impartial law enforcement
services to all residents.
Fire Department: Providing the highest level of fire protection and emergency medical
services possible to all of our customers, saving lives and property, and
striving to become a model Fire Department for other cities in an efficient
and cost - effective manner.
Code Enforcement: Maintaining and improving the physical quality of life in our
neighborhoods.
Parks and
Recreation: Offering all residents and guests of South Bend the highest quality of
recreational and leisure activities, while providing well- managed parks and
recreational facilities with updated programming and friendly productive
service.
Community
Investment
(Econ Dev):
Public Works:
Creating and expanding opportunities through partnerships in
neighborhood revitalization, commercial and industrial development and
community enhancement.
Providing leadership in the development and delivery of engineering, fleet,
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transportation, sanitation, wastewater, water and other services as called
upon by our customers.
Building
Department: Serving our customers by inspecting, informing and ensuring a safe place
to work, play and live.
Century Center: Providing a state -of -the -art convention facility with excellent services to
customers while generating maximum economic benefit to our
community.
Building South Bend in 2013 and beyond
The City Administration's theme for the past several years has been "We're Building South
Bend." That theme has had a major influence on the development of the 2013 budget. There are
five areas of concentration that became or remained budget priorities for 2013.
We're Building Neighborhoods - The City continues with its strong commitment to
neighborhoods. The City will make a significant investment to fund or leverage state and
federal funding for housing assistance, development and home ownership programs,
neighborhood public works and parks, neighborhood development for social services and
organizations, and public safety initiatives. Committing these resources will help us
maintain, improve and support strong neighborhood development.
We're Building a Safe City - Public safety is the foundation of all the City's efforts to build
South Bend. Through the targeted and creative use of available resources, the City is
working to provide quality police, fire and ambulance services for the community. The crime
rate has decreased in several significant categories over the past year. The City's Fire
Departments is rated one of the best in the State. A key initiative will focus on community
policing, youth violence, and placing more emphasis on training and recruitment for the
Police and Fire Departments.
We're Building an Attractive City - We are working to enhance the natural and man -made
beauty of our city through effective City programs. The City has taken steps through its
Department of Code Enforcement and a Mayoral Task force to address the issue of vacant
and abandoned properties. The City is funding major programs to renovate the former
Studebaker Corridor area and other parts of the City. The City has been recognized as a
Bicycle Friendly Community by the League of American Bicyclists and has established over
60 miles of bicycle routes to date.
• We're Building Opportunity - A key issue for any city is education and opportunity for
young people. The City is committed to keeping schools open in our neighborhoods and to
maximizing their use by the community. We are building partnerships with the South Bend
School Corporation and other key stakeholders that will create new strategies for enhancing
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our formal educational systems. Working together with families, student groups, school
officials, neighborhoods, the faith community and civic organizations, we can support our
local schools and improve the level of individual student performance.
We're Building a Strong Economy - Local government plays a key role in economic
development. By providing adequate infrastructure and offering targeted assistance, the City
can stimulate private investment, creating business opportunities and jobs. The City's
policies encourage new start-up businesses, strengthen existing business, attract new jobs,
increase assessed value and emphasize direct investment in hard -to- develop areas. Efforts
have been and will continue to focus on implementing the comprehensive plans for the areas
around the East Bank and Coveleski Stadium, including a new Veteran's Clinic across from
the stadium. The City has had many recent economic development projects including Eddy
Street Commons, a $220 million dollar mixed -use development south of Notre Dame, with
more than 20 stores and restaurants, office space and hundreds of town homes, apartments
and condominiums. In addition, the City has created Indiana's first dual -site, state - certified
technology park site known as Innovation Park and Ignition Park.
Mayoral Leadership Transition
Mayor Stephen J. Luecke retired effective December 31, 2011. As South Bend's longest serving
chief executive (1997- 2011), Mayor Luecke had many significant accomplishments during his
tenure including the City's receipt of the All - America City Award from the National Civic
League in 2011.
Mayor Pete Buttigieg, a Harvard University graduate and Rhodes scholar, assumed office on
January 1, 2012 bringing with him a group of leaders with new ideas and energy to implement
transformational reform to city government. Elected at age 29, Mayor Buttigieg is the youngest
chief executive of a municipality exceeding 100,000 residents in the United States. During 2012,
Mayor Buttigieg launched six new initiatives to improve city government:
New Economic Partnerships — to lay out a new economic vision for our community as
well as to agree on a smarter division of labor among various groups involved in
economic development. An Economic Summit was held in June 2012 to promote this
initiative. In addition, the Department of Community and Economic Development was
reorganized under the leadership of new Director Scott Ford and renamed the Department
of Community Investment.
2. High Ethical Standards — on his first day in office the Mayor issued an executive order
introducing a new ethics code for City employees.
3. Customer Service Mentality — design ways that City employees can track and resolve
citizens' issues efficiently by using more advanced technology. This effort led to the
creation of a "311 call center" for non - emergency municipal telephone calls during 2012.
4. Strong Partnerships with Schools — the Mayor has improved dialogue with the South
21
Bend School Corporation and other stakeholders to ensure a strong educational system in
the City. The Mayor has begun programs to double the number of public school mentors
and curb youth and gun violence.
5. Transparency and Accessibility – choosing not to serve from behind his desk, Mayor
Buttigieg has conducted a series of monthly "Mayor's Night Out" and "Mayor's Night In"
events around town to allow citizens to speak to him and his department heads directly
about concerns and ideas. Also, efforts to implement a first -class performance
management system have been initiated and departmental performance measures are
being monitored on a monthly basis. The City website has been re- designed and
additional financial and operational reports are being made available online.
6. Vacant and Abandoned Buildings – as with many large cities, the City of South Bend
has an issue with vacant and abandoned buildings. The city has taken on this issue with
the appointment of a blue -ribbon task force that developed new strategies and initiated an
aggressive three -year program -1,000 buildings in 1,000 days —to reduce the number of
vacant and abandoned buildings. Funding for demolition and remediation has increased
significantly and is over $1.0 million dollars in the 2013 budget.
Administration Vision
The administration of Mayor Buttigieg has a single, overarching visiona safe, inclusive and
well- connected South Bend. In support of this vision, the Mayor has established three main
pillars of administration policy:
1. Basics are easy – it is essential to provide City residents basic services so seamlessly that
they take them for granted and are able to focus on their own families and daily challenges.
2. Good government – make government more accessible and accountable to those it serves
by adopting a people- focused approach, trading partisanship for partnership and using
technology to better serve all residents.
3. Create Jobs – focus on economic growth and make much needed investments in the
future.
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in Financial Reporting to the City of South Bend for
its comprehensive annual financial report for the fiscal year ended December 31, 2011. This was
the 22nd consecutive year that the City has achieved this prestigious award. In order to be
awarded a Certificate of Achievement for Excellence in Financial Reporting, a government unit
must publish an easily readable and efficiently organized comprehensive annual financial report.
This report must satisfy both generally accepted accounting principles and applicable legal
requirements.
22
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement
Program's requirements, and we are submitting it to the GFOA to determine its eligibility for
another certificate.
Acknowledtments
The preparation of the comprehensive annual financial report (CAFR) was made possible by the
dedicated service of the City's departmental fiscal officers and the staff of the Department of
Administration and Finance. Each fiscal officer and member of the Administration and Finance
Department has my sincere appreciation for the contributions made in the preparation of this
report. I would especially like to acknowledge the efforts of the core CAFR preparation team of
Deputy Controller John Murphy, Rahman Johnson, Cecil Eastman and Intern Amy O'Connor. In
addition, I would like to thank the Field Examiners of the Indiana State Board of Accounts (led
by Doug Wiese, Bruce Snyder and Alex Flores) for their hard work and dedication in this effort.
In closing, without the leadership and support of Mayor Pete Buttigieg, City Department Heads,
and members of the City of South Bend Common Council, preparation of this report would not
have been possible.
Sincerely, C)
Mark W. Neal, City Controller
City of South Bend
23
STATE OF INDIANA
AN EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS
302 WEST WASHINGTON STREET
ROOM E418
INDIANAPOLIS, INDIANA 46204 -2769
Telephone: (317) 232 -2513
Fax_ (317) 232 -4711
Web Site: www.in.gov /sboa
INDEPENDENT AUDITOR'S REPORT
TO: THE OFFICIALS OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business -
type activities, each major fund and the aggregate remaining fund information of the City of South Bend (City),
as of and for the year ended December 31, 2012, and the related notes to the financial statements, which
collectively comprise the City's basic financial statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes the
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation
of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in.the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards, issued bythe
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In
making those risk assessments, the auditor considers internal control relevant to the entity's preparation and
fair presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management,
as well as evaluating the overall presentation of the financial statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
24
INDEPENDENT AUDITOR'S REPORT
(Continued)
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business -type activities, each major fund and
the aggregate remaining fund information of the City as of December 31, 2012, and the respective changes in
financial position and cash flows, where applicable, thereof for the year then ended, in accordance with
accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
Management's Discussion and Analysis, Schedules of Funding Progress, Schedules of Contributions From
the Employer and Other Contributing Entities, and Budgetary Comparison Schedules (general and major
special revenue funds) as listed in the Table of Contents be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of management
about the methods of preparing the information and comparing the information for consistency with
management's responses to our inquiries, the basic financial statements, and other knowledge we obtained
during our audit of the basic financial statements. We do not express an opinion or provide any assurance on
the information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City basic financial statements. The introductory section, combining fund financial
statements, other budgetary comparison schedules, and statistical schedules, are presented for purposes of
additional analysis and are not a required part of the basic financial statements.
The combining fund financial statements and other budgetary comparison schedules are the respon-
sibility of management and were derived from and relates directly to the underlying accounting and other
records used to prepare the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other additional
procedures in accordance with auditing standards generally accepted in the United States of America. In our
opinion, the combining and individual nonmajor fund financial statements and other budgetary comparison
schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Included in the financial statements are the revenues and expenses from emergency telephone
system fees (IC 36 -8 -16) and enhanced wireless emergency telephone fees (IC 36 -8- 16.5). In accordance
with Indiana Code 36- 8 -16 -14 and Indiana Code 36 -8- 16.5 -41 these fees have been subject to an annual
audit performed by the State Board of Accounts and, in our opinion, are fairly stated, in all material respects,
in relation to the financial statements taken as a whole.
25
INDEPENDENT AUDITOR'S REPORT
(Continued)
The introductory section and statistical schedules have not been subjected to the auditing procedures
applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or pro-
vide any assurance on that information.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 10,
2013, on our consideration of the City's internal control over financial reporting and on our tests of its compli-
ance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The
purpose of that report is to describe the scope of our testing of internal control over financial reporting and
compliance and the results of that testing and not to provide an opinion on internal control over financial
reporting or on compliance. That report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering City's internal control over financial reporting and compliance.
June 10, 2013
26
Bruce Hartman
State Examiner
Management Discussion & Analysis
The Management of the City of South Bend, Indiana ( "City ") provides herewith this Management
Discussion & Analysis ( "MD &A ") of the financial activities and condition of the City of South
Bend, Indiana for the fiscal year ended December 31, 2012.
Readers of the information contained within this Management Discussion & Analysis, and any
opinion derived therein, should be considered as a part of the greater whole of the financial
statements, notes to the financial statements, supplemental information and letter of transmittal,
as contained within this Comprehensive Annual Financial Report ( "CAFR ").
The City of South Bend is the county seat of St. Joseph County, Indiana, and is the fourth largest
city in the State of Indiana. St. Joseph County is located within the heartland of the manufacturing
and metropolitan regions of the Upper Midwest. The City of South Bend is located in the north
central region of the State of Indiana, five (5) miles south of the Indiana / Michigan State
boundary line. The City is approximately ninety (90) miles east of the city of Chicago and one
hundred forty (140) miles north of the city of Indianapolis.
The 2010 U.S. Bureau of the Census population for the City of South Bend was reported as
101,168 and the 2010 Census population for St. Joseph County was reported as 266,931.
Accordingly, South Bend is classified as a "City of Second Class" under State of Indiana statutes,
defined as cities with a population between 35,000 and 250,000 residents.
South Bend and St. Joseph County is a vibrant and diverse area with a strong local economy
based on a mix of agricultural, manufacturing and service, higher education and other commercial
and tourism based industries. The diverse economic mix creates varied employment
opportunities for residents while providing insulation via diversification from economic downturns.
The City of South Bend provides a full range of general governmental services to citizens.
Services include general government, public safety, street construction and maintenance,
infrastructure construction and maintenance, parks & recreation services, arts & culture, and
sanitation services. In addition, the City provides Water Utility and Wastewater Utility services to
commercial and residential properties within the city. City operations also include the Century
Center convention venue, Morris Performing Arts Center, Palais Royale Ballroom, Studebaker
Museum, South Bend Redevelopment Authority and Public Parking Garages within the city
footprint.
The City of South Bend governmental structure includes elected officials as follows with defined
management and legislative authority in compliance with Indiana Statute.
Mayor Chief Executive Officer 4 year term
Common Council 9 member legislative body 4 year term
6 from defined districts within the City
3 at large members
City Clerk Secretary of the Common Council 4 year term
All elected official current terms of office expire on December 31, 2015.
The City of South Bend was incorporated in 1865, compliant to Indiana Statute, and remains as
such through the period covered by this Management Discussion & Analysis report.
27
Management Discussion & Analysis
Financial Highlights
• Government wide net position was $462,042,590 as of December 31, 2012.
• Government wide net position increased by $12,016,301 or 2.7% during fiscal 2012.
Governmental activity net position increased by $4,739,556 or 1.6% and business -type
activity net position increased by $7,276,745 or 4.5% during fiscal 2012.
• Total assets and deferred outflows of resources as of December 31, 2012 of
$825,999,409 increased by $39,946,089 or 5.1% as compared to total assets and
deferred outflows of resources as of December 31, 2011.
• Total liabilities and deferred inflows of resources as of December 31, 2012 were
$363,956,819, increased by $27,929,788 or 8.3% as compared to total liabilities and
deferred inflows of resources as of December 31, 2011.
• As of December 31, 2012, government wide net position of $323,476,503 was invested in
capital assets net of debt and are, therefore, not available for spending. Net position of
$101,255,736 was classified as unrestricted and may be used to meet ongoing
obligations to creditors. A total of $37,310,351 was classified as restricted for debt
service and capital outlay.
• Government wide revenue achieved in fiscal 2012 amounted to $207,057,080, a
decrease of ($4,790,352) or (2.3 %) versus government wide revenues achieved in fiscal
2011. Governmental activity revenue decreased by ($5,431,186) or (3.6 %), whereas
business -type activity revenue increased by $640,834 or 1.1 %.
• Government wide expenses in 2012 amounted to $195,040,779, a decrease of
($6,184,790) or (3.1 %) as compared to expenses of $201,225,569 in 2011. Government
activity expenses decreased by ($8,420,409) or (5.4 %), while business -type activity
expenses increased by $2,235,619 or 4.8 %, when compared to fiscal 2011.
• Explanatory commentary concerning the changes in assets, liabilities, revenue and
expenditures can be found in later sections of this MD &A.
28
Governmental
Activities
2012 2011
Business type
Activities
2012 2011
Government wide
Activities
2012 2011
Assets /deferred outflows
514,511,174
512,479,366
311,488,235
273,573,954
825,999,409
786,053,320
Liabilities /deferred inflows
221,879,951
224,587,699
142,076,868
111,439,332
363,956,819
336,027,031
Net position
Capital net of debt
210,282,574
196,265,413
113,193,929
103,463,004
323,476,503
299,728,417
Restricted
8,050,418
9,354,772
29,259,933
12,937,988
37,310,351
22,292,760
Unrestricted
74,298,231
82,271,482
26,957,505
45,733,630
101,255,736
128,005,112
Total net position
292,631,223
287,891,667
169,411,367
162,134,622
462,042,590
450,026,289
Change vs. prior year
4,739,556
911,788
7,276,745
9,710,075
12,016,301
10,621,863
Expenses
146,481,687
154,902,096
48,559,092
46,323,473
195,040,779
201,225,569
Revenues
147,341,522
152,772,708
59,715,558
59,074,724
207,057,080
211,847,432
• Government wide net position was $462,042,590 as of December 31, 2012.
• Government wide net position increased by $12,016,301 or 2.7% during fiscal 2012.
Governmental activity net position increased by $4,739,556 or 1.6% and business -type
activity net position increased by $7,276,745 or 4.5% during fiscal 2012.
• Total assets and deferred outflows of resources as of December 31, 2012 of
$825,999,409 increased by $39,946,089 or 5.1% as compared to total assets and
deferred outflows of resources as of December 31, 2011.
• Total liabilities and deferred inflows of resources as of December 31, 2012 were
$363,956,819, increased by $27,929,788 or 8.3% as compared to total liabilities and
deferred inflows of resources as of December 31, 2011.
• As of December 31, 2012, government wide net position of $323,476,503 was invested in
capital assets net of debt and are, therefore, not available for spending. Net position of
$101,255,736 was classified as unrestricted and may be used to meet ongoing
obligations to creditors. A total of $37,310,351 was classified as restricted for debt
service and capital outlay.
• Government wide revenue achieved in fiscal 2012 amounted to $207,057,080, a
decrease of ($4,790,352) or (2.3 %) versus government wide revenues achieved in fiscal
2011. Governmental activity revenue decreased by ($5,431,186) or (3.6 %), whereas
business -type activity revenue increased by $640,834 or 1.1 %.
• Government wide expenses in 2012 amounted to $195,040,779, a decrease of
($6,184,790) or (3.1 %) as compared to expenses of $201,225,569 in 2011. Government
activity expenses decreased by ($8,420,409) or (5.4 %), while business -type activity
expenses increased by $2,235,619 or 4.8 %, when compared to fiscal 2011.
• Explanatory commentary concerning the changes in assets, liabilities, revenue and
expenditures can be found in later sections of this MD &A.
28
Management Discussion & Analysis
Overview of the Financial Statements
The City of South Bend's financial statements are comprised of three components: 1) government
wide financial statements, 2) fund financial statements, and 3) notes to the financial statements.
This report also includes other supplementary information in addition to the basic financial
statements themselves.
Government wide financial statements
The government wide financial statements are designed to provide readers with a broad overview
of the City of South Bend's finances using "accrual based accounting," a method of accounting
used by private- sector businesses.
• Statement of net position
This statement reports all assets, deferred outflows of resources, liabilities, and deferred
inflows of resources of the City of South Bend as of December 31, 2012. The difference
between total assets and deferred outflows of resources less total liabilities and deferred
inflows of resources is reported as "net position," and can generally be thought of as the
net worth of the City. Increases in net position generally indicate an improvement in
financial position while decreases in net position may indicate a deterioration of financial
position.
• Statement of activities
This statement serves the purpose of the traditional income statement. It provides
consolidated reporting of the results of all activities of the City of South Bend for the year
ended December 31, 2012. Changes in net position are recorded in the period in which
the underlying event takes place, which may differ from the period in which cash is
received or disbursed. The statement of activities displays the expense of the City's
various programs net of the related revenues, as well as a separate presentation of
revenue available for general purposes including property and county option income
taxes, fees for services and other revenue sources.
The government wide financial statements distinguish between functions of the City that are
principally supported by taxes and intergovernmental revenue (governmental activities) and other
functions that are intended to recover all or a significant portion of their costs through user fees
and charges (business type activities). The major governmental activities of the City of South
Bend include general government, public safety, street construction and maintenance,
infrastructure construction and maintenance, parks & recreation services, and arts & culture. The
major business -type activities of the City include the water utility, wastewater utility, solid waste
sanitation services, Century Center convention center, and Blackthorn golf course operations.
Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have
been segregated for specific activities or objectives. The City, like other state and local
governments, uses fund accounting to ensure and demonstrate compliance with finance - related
legal requirements. All of the funds of the City of South Bend can be divided into three
categories: governmental funds, proprietary funds and fiduciary funds.
Governmental Funds
Governmental funds are used to account for the same functions reported as governmental
activities in the government wide financial statements. However, unlike government wide financial
statements, governmental fund financial statements focus on short -term inflows and outflows of
spendable resources, as well as on balances of spendable resources available at the end of the
29
Management Discussion & Analysis
fiscal year. Such information may be useful in evaluating a government's short -term financing
requirements. Governmental funds use the modified accrual accounting method. The City
maintains six (6) major governmental funds (General, Parks and Recreation, Public Safety Local
Option Income Tax, County Option Income Tax, Economic Development Income Tax, and Airport
TIF) and sixty -four (64) non -major governmental funds.
Proprietary funds
The City of South Bend maintains two types of proprietary funds: enterprise and internal service.
Enterprise funds are used to report the same functions presented as business -type
activities in the government -wide financial statements. The City maintains seven (7)
enterprise funds. Information is presented separately in the proprietary statement of net
position and the proprietary statement of revenues, expense and changes in fund net position
for the Water Utility, Wastewater Utility and Century Center convention center, which are
considered major enterprise funds. Data from the other four (4) non -major enterprise funds
(Consolidated St. Joseph County /South Bend Building Department, Parking Garage, Solid
Waste and Blackthorn Golf Course) are combined into a single, aggregated presentation.
Individual fund data for each of these non -major enterprise funds is provided in the form of
combining statements elsewhere in this report.
Internal service funds are used to accumulate and allocate costs internally among the City's
various functions and funds. The City maintains five (5) internal service funds. The City of
South Bend uses internal service funds to account for its self- funded liability insurance
program, self- funded employee health benefits program, unemployment compensation
claims, police take -home vehicle program and central services unit (a department that
accounts for expenses related to fuel, vehicle repairs, printing and other services provided to
City departments on a cost - reimbursement basis). Because these services predominantly
benefit governmental rather than business type functions, they have been included within
governmental activities in the government wide financial statements but are combined into a
single, aggregated presentation in the proprietary fund financial statements. Individual fund
data for the internal service funds is provided in the form of combining statements elsewhere
in the report.
Fiduciary funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the City
government. Fiduciary funds are not reflected in the government wide financial statement
because the resources of those funds are not available to support City programs. The City
maintains five (5) fiduciary funds, which consist of two (2) pension trust funds (1925 Police
Pension and 1937 Firefighter's Pension), two (2) agency funds (Payroll and Morris /Palais Royale
Box Office), and one (1) private - purpose trust fund (Cemetery).
Pension Trust Fund Operations
City employees are covered by the Public Employees Retirement Fund ( "PERF ") and the 1977
Police Officers' and Firefighters' Pension Fund, both of which are administered by the State of
Indiana. However, certain police officers and firefighters hired before May 1, 1977, (who did not
opt into the 1977 fund) continue to be members of the 1925 Police Officer's Pension Fund or the
1937 Firefighters' Pension Fund. These two funds are administered by the City. The number of
police officers and firefighters in the City- managed pension trust funds will continue to decline in
the future as current participants pass away.
Effective in fiscal 2009, with the passage of State legislation, funding responsibility for the 1925
and 1937 Police and Firefighter's Pension Funds was assumed by the State of Indiana. These
funds no longer receive property tax revenue distributions beyond fiscal 2009. The transfer of
pension responsibility to the State of Indiana is on a reimbursement basis and will not provide
30
Management Discussion & Analysis
additional revenue to the City for use in other property tax funded areas. The administration of the
pension plans remains the responsibility of the City.
Notes to the financial statements
The notes to the financial statements provide additional information that is essential in order to
have a full understanding of the data provided in the government wide and fund financial
statements.
Other information
In addition to the basic financial statements and accompanying note & disclosures, this CAFR
report presents supplementary information. The combining statements referred to earlier in
connection with non -major governmental, enterprise, internal service and fiduciary funds are
presented immediately after the basic financial statements within the financial statement section
of the CAFR report.
Government wide financial statements
The following financial analysis will focus on the statement of net position and statement of
changes in net position of the City's governmental and business type activities.
Statement of Net Position
Governmental Business type Government wide
Activities Activities Activities
2012 2011 2012 2011 2012 2011
Assets
Current & other 212,400,950 216,082,758 88,996,021 59,847,710 301,396,971 275,930,468
Capital assets (net) 302,110,224 294,745,198 220,781,545 209,668,966 522,891,769 504,414,164
Total Assets
514,511,174 510,827,956
309,777,566
269,516,676
824,288,740
780.344,632
Deferred Outflows
- 1,651,410
1,710,669
4,057,278
1,710,669
5,708,688
Liabilities
14,891
Net position
Current
33,851,096 29,049,232
14,244,876
11,716,546
48,095.972
40,765,778
Long term
187,369,257 195,538,467
127,793,032
99,707,895
315,162,289
295,246,362
Total Liabilities
221,220,353
224,587,699
142,037,908
111,424,441
363,258,261
336,012,140
Deferred Inflows
659,598
-
38,960
14,891
698,558
14,891
Net position
Capital net of debt
210,282,574
196,265,413
113,193,929
103,463,004
323,476,503
299,728,417
Restricted
8,050,418
9,354,772
29,259,933
12,937,988
37,310,351
22,292,760
Unrestricted
74,298,231
82,271,482
26,957,505
45,733,630
101,255,736
128,005,112
Total net position
292,631,223
287,891,667
169,411,367
162,134,622
462,042,590
450,026,289
31
Management Discussion & Analysis
As of December 31, 2012, total assets and deferred outflows exceeded liabilities and deferred
inflows by $462,042,590, an increase of $12,016,301, or 2.7 %, from the net position level as of
December 31, 2011.
Governmental activities net position of $292,631,223 increased by $4,739,556 over December
31, 2011, an increase of 1.6 %. Business -type net position of $169,411,367 increased by
$7,276,745 over December 31, 2011, an increase of 4.5 %.
Improvement in the net position of the City should be viewed as a favorable development
indicative of the conservative and responsible fiscal management policy maintained and followed
by City Management, especially in light of the revenue constraints due to state enacted property
tax reform in 2009 and soft economic conditions in recent years. The increase in business type
net position was due primarily to a 9% increase in sewer rates which will be used to support long-
term capital projects of the Wastewater utility. The increase in governmental activity net position
was due primarily to additional local option income taxes distributions during 2012 from the State
of Indiana and economic development in tax increment financing areas resulting in higher
property tax receipts in those funds
Total assets and deferred outflows increased $39,946,089 or 5.1 % as compared to amounts as of
December 31, 2011. The increase is largely attributed to an increase in capital assets net of
depreciation and improvement in operating results in the water and wastewater utilities.
The increase in capital assets (net of accumulated depreciation) of $20,188,274 is the result of
several major capital construction projects capitalized or in process during the period. Major
projects include Ignition Park development, Memorial Skyway facade improvements, several
street and intersection road improvement projects, several sewer rehabilitation projects, and
water and wastewater utility equipment projects.
Total liabilities and deferred inflows increased by $27,929,788 or 8.3% as compared to amounts
as of December 31, 2011. The increase is largely attributed to additional sewer bonding and an
increase in net pension obligations.
Government wide net position of $323,476,503 is invested in capital assets net of debt and is,
therefore, not available for spending. A total of $101,255,736 is classified as unrestricted net
position and may be used to meet ongoing obligations to creditors. Net position in the amount of
$37,310,351 is classified as restricted for debt service and capital outlay.
Statement of Changes in Net Position
32
Governmental
Business type
Government wide
Activities
Activities
Activities
2012
2011
2012
2011
2012
2011
Revenue
Program Revenue
Charge for services
12,967,034
10,853,623
57,419,733
54,576,584
70,386,767
65,430,207
Operating grants
24,937,596
32,091,246
-
-
24,937,596
32,091,246
Capital grants
2,468,120
2,328,468
2,010,253
4,291,731
4,478,373
6,620,199
General Revenue
Taxes
Property tax
71,775,415
76,445,349
-
-
71,775,415
76,445,349
Othertax
23,360,791
22,555,864
23,360,791
22,555,864
Unrestricted grants
3,891,810
3,964,336
-
-
3,891,810
3,964,336
Investment earnings
1,317,443
1,050,768
285,572
206,409
1,603,015
1,257,177
Other revenue
6,623,313
3,483,054
-
-
6,623,313
3,483,054
Total Revenue
147,341,522
152,772,708
59,715,558
59,074,724
207,057,080
211,847,432
32
Management Discussion & Analysis
Governmental
Activities
2012 2011
Business type
Activities
2012 2011
Government wide
Activities
2012 2011
General government
13,788,310
16,783,351
13,788,310
16,783,351
Public safety
69,977,237
73,530,442
69,977,237
73,530,442
Highways & streets
14,639,158
7,574,003
14,639,158
7,574,003
Culture & recreation
21,724,589
15,566,794
21,724,589
15,566,794
Economic development
20,217,987
34,648,975
20,217,987
34,648,975
Interest on long term debt
6,134,406
6,798,531
-
-
6,134,406
6,798,531
Water utility
-
-
12,228,014
11,972,840
12,228,014
11,972,840
Wastewater utility
23,809,975
22,260,005
23,809,975
22,260,005
Civic center
2,929,268
3,100,484
2,929,268
3,100,484
Building department
909,376
871,299
909,376
871,299
Parking
1,721,655
1,467,646
1,721,655
1,467,646
Solid waste
5,118,806
4,962,157
5,118,806
4,962,157
Golf course
-
-
1,841,998
1,689,042
1,841,998
1,689,042
Total Expense
146,481,687
154,902,096
48,559,092
46,323,473
195,040,779
201,225,569
Change in net position
Before transfers / special
859,835
(2,129,388)
11,156,466
12,751,251
12,016,301
10,621,863
Transfers
3,879,721
3,041,176
(3,879,721)
(3,041,176)
-
-
Change in net position
4,739,556
911,788
7,276,745
9,710,075
12,016,301
10,621,863
Beginning net position
287,891,667
286,979,879
162,134,622
152,424,547
450,026,289
439.404.426
(restated)
Ending net position
292,631,223
287,891,667
169,411,367
162,134,622
462,042,590
450.026,289
Governmental Activities
Net position for governmental activities increased by $4,739,556 during fiscal 2012. Revenue of
$147,341,522 decreased by ($5,431,186), or (3.6 %). Expenses were $146,481,687 during 2012,
a decrease of ($8,420,409), or (5.4 %) as compared to fiscal 2011.
The revenue decrease was due to lower revenue from operating grants for community
development and housing along with reduced property taxes due to circuit breaker property tax
reform and the elimination of a tax increment financing district in the southern part of the City. The
decrease in expenses was due primarily to less spending in the areas of general government,
public safety, and economic development. With the phase out of ARRA and other funding
sources, less grant money was available for public safety, energy conservation, economic
development and housing programs.
Interest on long term debt of $6,134,406 decreased by ($664,125) from 2011, consistent with
existing repayment obligations as a greater percentage of debt service payments are being
applied to principal on existing debt obligations.
Transfers in the amount of $3,879,721 for 2012 represent payment in lieu of taxes (PILOT) paid
by the wastewater and water utilities to the General Fund, Parks & Recreation Fund and other
funds that receive property taxes. The transfer amount was increased by $838,545 from 2011.
33
Management Discussion & Analysis
Business -Type Activities
Net position from business -type activities increased by $7,276,745 during fiscal 2012. During
2012, revenue of $59,715,558 increased by $640,834 or 1.1 % over fiscal 2011. During 2012,
expenses of $48,559,092 increased by $2,235,619 or 4.8 %% when compared to fiscal 2011.
Revenue increased primarily as the result of a 9% increase in sewer rates for 2012 designed to
provide funding to cover long -term wastewater and sewer capital improvements. This revenue
increase was offset in part by the reduction in capital grant funding available which decreased by
($2,281,478) as the result of lower Indiana State Revolving Fund and other grant funding. As a
result of higher cash reserves, interest on investments increased.
Expenses during 2012 were consistent with 2011 with slight increases in the wastewater utility to
cover spending on capital projects and in solid waste to cover higher landfill costs. Expenses for
the water utility, building department and Blackthorn golf course were also higher in 2012 than in
fiscal 2011 as these departments experienced increasing revenue and adjusted their expenses
accordingly. Expenses for Century Center (civic center) decreased during 2012 as costs were
reduced in reaction to a continuing difficult sales market for convention centers.
Financial Analysis of Government Funds
The City of South Bend uses fund accounting to ensure and demonstrate compliance with
finance - related legal requirements. Funds of the City are divided into three categories:
governmental funds, proprietary funds and fiduciary funds.
Condensed Balance Sheet,
Statement of Revenue, Expenditures, and Changes in Fund Balance
As of December 31, 2012
General Park & Rec PS LOIT COIT EDIT TIF Airport Other Total
Total assets 31,119,888 5,135,657 2,992,510 18,004,313 13,280,102 28,162,505 107,763,359 206,458,334
Total liabilities 2,324,805 421,899 - 220,508 2,908,075 1,547,640 10,952,616 18,375,543
Fund Balances:
Non - spendable
958,341
56,216
-
2,664,139
449,831
9,695,081
25,992,243
39,815,851
Restricted
-
4,657,542
2,992,510
-
-
16,919,784
53,756,731
78,326,567
Committed
-
-
-
-
-
-
11,142,045
11,142,045
Assigned
165,389
15,119,666
9,922,196
10,138,790
35,346,041
Unassigned
27,671,353
-
-
(4,219,066)
23,452,287
Total fund balance
28,795,083
4,713,758
2,992,510
17,783,805
10,372,027
26,614,865
96,810,743
188,082,791
Liability & fund balance
31,119,888
5,135,657
2,992,510
18,004,313
13,280,102
28,162,505
107,763,359
206,458,334
Revenues
65,631,784
11,550,193
6,065,100
8,267,654
8,517,523
11,885,064
35,461,766
147,379,084
Expenditures
74,038,026
11,794,638
-
6,770,551
3,480,762
15,926,862
50,449,161
162,460,000
Net surplus (deficit)
(8,406,242)
(244,445)
6,065,100
1,497,103
5,036,761
(4,041,798)
(14,987,395)
(15,080,916)
Other sources (uses)
9,270,109
430,849
(5,301,098)
(1,642,136)
(4,502,146)
217,357
11,285,900
9,758,835
Net change in fund
863,867
186,404
764,002
(145,033)
534,615
(3,824,441)
(3,701,495)
(5,322,081)
balances
Beginning fund
balances - restated
27,931,216
4,527,354
2,228,508
17,928,838
9,837,412
30,439,306
100,512,238
193,404,872
Ending fund
balances
28,795,083
4,713,758
2,992,510
17,783,805
10,372,027
26,614,865
96,810,743
188,082,791
34
Management Discussion & Analysis
As of December 31, 2012, the City governmental funds reported a combined ending fund balance
of $188,082,791.
Non - spendable fund balance of $39,815,851 is sequestered for property held for resale,
inventory, non - current loans receivable and advances to other funds and is, therefore, not
available for new spending. Restricted fund balance of $78,326,567 consists of monies in debt
service funds or other funds such as road funds that are limited by external parties as to their use.
Committed fund balance of $11,142,045 is designated by the South Bend Common Council to be
used for certain purposes such as for environmental projects. Assigned fund balance of
$35,346,041 includes balances in local option income tax funds that have not been committed to
certain projects and are available for spending by the City. Unassigned fund balance of
$23,452,287 consists of money primarily in the General Fund that has not been obligated in any
manner by the City.
The General Fund is the primary operating fund for City operations including general
government, public safety, code enforcement, certain highways & streets expenses, certain
culture & recreation expenses, and certain debt service obligations.
As of December 31, 2012, the General Fund balance of $28,795,083 represents an increase of
$863,867 or 3.1 % from the balance as of December 31, 2011.
The increase in General Fund balance was due primarily to departments spending less than the
2012 budget particularly in the Police Department, Fire Department, Legal Department and
Administration and Finance.
As of December 31, 2012, the General Fund had unassigned fund balance of $27,671,353 which
is equal to 42.2% of 2012 General Fund Revenue.
The General Fund unassigned fund balance has traditionally been used by the City to fund
certain capital projects and emergency contingencies. In addition, the City will use the
unassigned fund balance in 2013 as a cash flow bridge to the receipt of property tax revenues
from the County collection authority which distributes property tax revenue two times per year
(June and December). General Fund unassigned balance will provide sufficient cash to cover City
operating obligations without incurring tax anticipation notes and resultant borrowing costs during
fiscal 2013.
As discussed in Governmental Accounting, Auditing, and Financial Reporting (GAAFR), a general
fund unassigned fund balance should be either 1) no less than 5 to 15 percent of regular general
fund operating revenues, or 2) no less than one to two months of regular general fund operating
expenditures. An unassigned fund balance may be higher if varying circumstances require such
as a delay in collection of a major revenue source.
The Parks and Recreation Fund experienced an increase in fund balance of $186,404 during
fiscal 2012. The increase in fund balance was due primarily to the receipt of payment -in -lieu of
taxes, which began in 2011, from the wastewater and water utilities in the amount of $616,596.
Parks Board and Parks Administration continued in 2012 with prudent management of
expenditures and commitments in light of current and future projected revenue streams.
As of December 31, 2012, the restricted fund balance in the Parks and Recreation Fund was
$4,657,542, or 40.3% of 2012 revenue.
The Public Safety Local Option Income Tax Fund ( "Public Safety LOIT ") was created in
October 2009, with the local legislative passage of an increase in local option income taxes of
0.95 %, a part of which (0.25 %) tax increase was established to fund public safety expenditures.
The City has established the Public Safety LOIT Fund as a major governmental fund, due solely
to its purpose of creating a funding source to sustain public safety staffing levels, which were
compromised by state implementation of property tax reform that has reduced property tax
revenues, which historically are the source of public safety funding. Operating transfers are made
35
Management Discussion & Analysis
quarterly from the Public Safety LOIT Fund to the General Fund to cover the personnel costs of
police officers and firefighters. Receipts of Public Safety LOIT tax revenue commenced in
January 2010. The revenue collected in fiscal 2012 of $6,065,100 increased by 3.7% compared
to 2011. The increase in fund balance in the amount of $764,002 during is restricted and will be
used in future fiscal periods to fund full staffing levels for police and fire personnel.
The County Option Income Tax Fund ( "COIT ") and Economic Development Income Tax
Fund ( "EDIT ") funds are used to fund major capital and construction projects, economic
development initiatives, certain subsidies and support to organizations and units that benefit city
economic development and cultural venues, certain city -wide expenditures such as telephone
costs, and certain debt service payments.
The COIT fund decreased by ($145,033) during 2012, due to higher expenditures in the areas of
public safety, economic development, and general government. The City has operationally
sequestered COIT funds for use in major capital and construction funding initiatives, certain
subsidies and support to organizations and units that benefit city economic development and
cultural venues, information technology costs, city -wide expenditures like telephone costs, and
certain debt service payments.
As of December 31, 2012, the COIT Fund balance of $17,783,805 included assigned fund
balance of $15,119,666 and non - spendable fund balance of $2,664,139, primarily for property
held for resale and advances to other funds.
The EDIT fund increased by $534,615 during 2012 due to higher income tax receipts than
originally estimated and conservative commitment of expenses to initiatives of the highest priority.
The City has operationally sequestered EDIT funds for use in major economic development
initiatives, certain subsidies and support to organizations and units that benefit city economic
development and cultural venues, operational costs of the street department, and certain debt
service payments.
As of December 31, 2012, the EDIT Fund balance of $10,372,027 included assigned fund
balance of $9,922,196 and non - spendable fund balance of $449,831, consisting of property held
for resale.
The fund balance in the TIF Airport Fund decreased by ($3,824,441) during 2012 due to
planned spending for capital projects including a new Animal Control facility, improvements at
Ignition Park (industrial park), infrastructure for a new high tech company Data Realty, continued
demolition of the historical Studebaker automobile factory buildings, the extension of Mayflower
Road and other economic development initiatives.
As of December 31, 2012 the TIF Airport Fund balance of $26,614,865 included $7,869,562 in
property held for resale, $1,825,519 advances to other funds (primarily to the Blackthorn golf
course) and $16,919,784 in restricted fund balance reserves.
The TIF Airport Fund continues to be is a major success for the City of South Bend and has
generated in excess of $500 million dollars in private investment since its inception.
During 2012, the fund balances in Other Governmental funds decreased by ($3,701,495). This
decrease in fund balance was primarily the result of the reduction in the amount of property taxes
collected and the planned spend down of $2,274,404 in monies in the Excess Welfare
Distribution Fund for police and fire department radio equipment.
These fund balances provide available resources that the City requires to meet future capital
construction needs, ongoing debt service obligations, and economic development project
initiatives in concert with the City vision for economic development within the City footprint.
Individual fund data for each of the non -major governmental funds is provided in the form of the
combining statements in the Supplemental Information section of the CAFR report.
36
Management Discussion & Analysis
Governmental Fund Revenue
The following schedule presents a summary of governmental fund revenue for the year ended
December 31, 2012 with comparison to the prior year:
Non Tax Based
2012
% of
2011
% of
Licenses and permits
Actual
Total
Actual
Total
Tax Based
31,297,526
21.3%
34,419,714
22.5%
General property
71,775,415
48.9%
76,445,349
50.0%
County option income
13,748,824
9.3%
13,219,723
8.6%
County economic development
8,324,878
5.6%
8,044,773
5.3%
Professional sports development
633,904
0.4%
558,268
0.4%
Community revitalization district
653,185
0.4%
733,100
0.5%
Total Tax
95,136,206
64.6%
99,001,213
64.8%
Non Tax Based
Licenses and permits
189,714
0.1%
190,943
0.1%
Intergovernmental
31,297,526
21.3%
34,419,714
22.5%
Charge for services
12,442,553
8.4%
13,990,267
9.2%
Fines and forfeitures
334,767
0.2%
636,749
0.4%
Interest income
1,317,443
0.9%
1,050,768
0.7%
Donations
324,266
0.2%
305,670
0.2%
Other
6,336,609
4.3%
3,281,848
2.1%
Total Non -Tax Based
52,242,878
35.4%
53,875,959
35.2%
Total Revenue
147,379,084
100.0%
152,877,172
100.0%
Tax revenue continues to represent the most significant source of revenue required to support
services provided by the City. Property tax revenue is the primary source of funding for
governmental expenditures. Property tax revenue is based on a relationship between two
variables. The first variable is the assessed property valuation of industrial, commercial and
residential parcels for both real and personal property. The second variable is the application of a
tax rate to arrive at the total tax levy. Taxable property is assessed at 100% of the true tax value.
The amount of property tax levied (billed to property owners) is further restricted by State of
Indiana enacted property tax legislative reform, or so- called "circuit breaker" property tax caps in
2009 of 1.0% (homestead), 2.0% (other residential /rental) and 3.0% (commercial /industrial) of
gross assessed valuation. Property tax revenue includes taxes collected on behalf of the
following funds: General Fund, Parks and Recreation Fund, Cumulative Capital Development
Fund, Redevelopment Tax Incremental Financing ( "TIF ") Funds, and a special levy to cover debt
service of the College Football Hall of Fame.
The City recognizes the need to further diversify the revenue stream, and to reduce its
dependency on general property taxes to ensure that a broad base of users of city services,
including nonresidents who work in the City, share in the funding of basic City services. As a
result of the need to diversify the revenue stream, the City of South Bend Common Council and
Saint Joseph County Council adopted an additional local option income tax of 0.95% during 2009,
increasing the tax rate from 0.8% to 1.75 %. The local option income tax increase consisted of
three components: 0.2% increase in the economic development income tax, a new 0.25% public
safety local option income tax and a new 0.5% property tax relief local option income tax.
The City continues to seek diversified sources of revenue that will reduce its reliance on property
and income taxes. The City has supported efforts of the Indiana Association of Cities and Towns
( "IACT ") "Hometown Matters" to lobby the state legislature to legislatively enable alternative
revenue sources that best fit the needs of the community. A viable source of revenue is from
37
Management Discussion & Analysis
user fees and /or charges for services currently being performed. City performed services are
priced based at levels representing the full cost of service, taking into consideration fees charged
by providers of similar services. The City performs ongoing reviews of user fee costs incurred and
revises service fee prices as required.
Governmental Fund Expenditures
The City accounts for government fund expenditures in seven categories as follows: 1) general
government, 2) public safety, 3) highways and streets, 4) economic development, 5) culture and
recreation, 6) debt service and 7) capital outlay.
The following schedule presents a summary of governmental fund expenditures for the year
ended December 31, 2012 with comparison to the prior year.
2012 % of 2011 % of
Actual Total Actual Total
General government
6,390,585
3.9%
6,680,855
3.9%
Public safety
67,138,414
41.3%
69,612,754
40.4%
Highways & streets
9,288,682
5.7%
5,079,041
2.9%
Economic development
3,543,180
2.2%
9,698,611
5.6%
Culture & recreation
18,557,986
11.4%
13,816,699
8.0%
Debt service
17,557,026
10.9%
20,818,689
12.1%
Capital outlay
39,984,127
24.6%
46,691,030
27.1%
Total Expenditures
162,460,000
100.0%
172,397,679
100.0%
Government fund expenditures in fiscal 2012 of $162,460,000 decreased by ($9,937,679) or
(5.8 %), in comparison to government fund expenditures in fiscal 2011.
Capital outlay expenditures decreased by ($6,706,903) during 2012 due primarily to less overall
spending on economic development projects from tax increment financing (TIF) funds. In
addition, there was less spending on general government capital projects from the EDIT fund.
Capital outlay projects in 2012 included improvements at Ignition Park, the Triangle housing
development, continued demolition of the Studebaker automobile factory buildings and other
economic development initiatives.
Public Safety expenditures decreased ($2,474,340) or (3.6 %) as less grant funding was available
for police and fire programs. Highways and Street expenditures increased by $4,209,641 as the
curb and sidewalk program was expanded and additional work on street maintenance was
performed.
Economic development spending decreased ($6,155,431) as there was less federal community
development and housing grant funding available and certain economic development spending
was included in the capital outlay category.
Public Safety expenditure continues to be the primary use of government fund resources with
41.3% of expenditures used for this purpose in fiscal 2012. Public safety spending is followed by
capital outlay expenditures (24.6 %), culture and recreation (11.4 %), debt service (10.9°/x),
highways & streets (5.7 %), general government (3.9 %), and economic development operating
(2.2 %). General government spending is comprised of the executive offices of the Mayor,
Common Council, City Clerk, City Attorney, Controller, Engineering and other administrative
offices.
38
Management Discussion & Analysis
Proprietary funds
Condensed Statement of Net Position
Revenue, Expenses, and Changes in Fund Net Position
As of December 31, 2012
Water Utility Wastewater Century Center Other Total Enterprise Internal Service
Utility
Total assets 79,664,266 199,865,594 18,483,089 13,687,561 311,700,510 17,316,623
Total deferred outflows - 19,193 - 1,691,476 1,710,669 -
Total liabilities 24,606,352 113,575,012 254,985 5,524,503 143,960,852 7,275,311
Total deferred inflows 26,376 - - 12,584 38,960 -
Net position:
14,190,243
30,963,483
1,149,365
8,672,788
54,975,879
Capital assets net of debt
45,579,124
32,046,775
22,000,586
13,567,444
113,193,929 1,392,349
Restricted for:
25,015,354
Operating income (loss)
3,340,897
12,239,763
(1,732,167)
Debt service
3,302,782
13,332,530
-
543,914
17,179,226 -
Capital outlay
4,146,001
6,659,721
1,274,877
108
12,080,707 -
Unrestricted
2,003,631
34,270,749
(5,047,359)
(4,269,516)
26,957,505 8,648,963
Total net position
$55,031,538
$86,309,775
$18,228,104
$9,841,950
$169,411,367 $10,041,312
Operating revenues
14,190,243
30,963,483
1,149,365
8,672,788
54,975,879
21,133,578
Operating expenses
10,849,346
18,723,720
2,881,532
8,940,951
41,395,549
25,015,354
Operating income (loss)
3,340,897
12,239,763
(1,732,167)
(268,163)
13,580,330
(3,881,776)
Non - operating rev (exp)
(101,255)
(5,178,923)
1,483,568
(637,507)
(4,434,117)
61,611
Income (loss) before
3,239,642
7,060,840
(248,599)
(905,670)
9,146,213
(3,820,165)
contributions & transfers
Capital contributions
21,650
1,300,000
655,737
32,866
2,010,253
Transfers in
-
-
-
651,500
651,500
Transfers out
(1,468,339)
(2,405,289)
-
(657,593)
(4,531,221)
Change in net position
1,792,953
5,955,551
407,138
(878,897)
7,276,745
(3,820,165)
Total net position —
53,238,585
80,354,224
17,820,966
10,720,847
162,134,622
13,861,477
beginning
Total net position — $55,031,538 $86,309,775 $18,228,104 $9,8419950 $16994119367 $1090419312
endinq
The City of South Bend maintains two types of proprietary funds; enterprise and internal service
The City maintains seven (7) enterprise funds. Information is presented separately in the
proprietary statement of net position and the proprietary statement of revenues, expense and
changes in fund net position for the Water Utility, Wastewater Utility and Century Center, which
are considered major enterprise funds. Data from the other four (4) non -major enterprise funds
(Consolidated St. Joseph County /South Bend Building Department, Parking Garage, Solid Waste
and Blackthorn Golf Course) are combined into a single, aggregated presentation.
The City maintains five (5) internal service funds. The City of South Bend uses internal service
funds to account for its business insurance and self- funded liability insurance program, self -
funded employee health benefits program, police take home vehicle program, unemployment
compensation claims and central services unit (a department that accounts for expenses related
39
Management Discussion & Analysis
to fuel, vehicle repairs, printing and other services provided to City departments on a cost -
reimbursement basis). The internal service funds have been combined into a single, aggregated
presentation.
As of December 31, 2012, City enterprise funds reported a net position of $169,411,367, an
increase of $7,276,745 or 4.5% versus the amount as of December 31, 2011.
At December 31, 2012, net position includes capital assets, net of related debt of $113,193,929,
restricted for debt service and capital outlay of $29,259,933 and unrestricted of $26,957,505.
The Water and Wastewater utilities reported an increase in net position of $1,792,953 and
$5,955,551, respectively, during 2012. During 2012, the Wastewater utility benefitted from a 9%
increase in sewer rates. The Wastewater utility experienced an 8% increase in residential
revenue and a 10% increase in commercial revenue. The rates for the Water utility did not
increase but it did achieve an 8% increase in residential revenue and a 12% increase in
commercial revenue. This was primarily due to unusually high drought conditions.
During 2012, Century Center experienced an increase in net position of $407,138 as the result
of capital contributions in the amount of $655,737 from capital improvements at the facility paid
for from tax increment financing and other funding sources.
Other Enterprise Funds experienced a decrease in net position of ($878,897) during 2012.. The
Parking Garage Fund reported a decrease in net position of ($796,473) primarily as the result of
the amortization of sales /leaseback charges on the original acquisition. The Blackthorn Golf
Course Fund reported an operating loss of ($113,132) as the result of stagnant golf fee revenue.
As of December 31, 2012, City internal service funds reported a net position of $10,041,312, a
decrease of ($3,820,165) or (27.6 %) as compared to 2011. The Liability Insurance fund
decreased its net position ($2,554,534) in 2012 due to the establishment of a higher reserve for
claims and lawsuits that were in process at December 31, 2012. The Central Services fund
reported an increase in net position of $170,701. The Self- Funded Employee Benefits fund
reported a decrease in net position ($1,573,514) due to higher health insurance claims paid by
Anthem, the City's insurance provider. The City has initiated changes in its health insurance plan
design and has an ongoing, active employee wellness program to help control future health
insurance costs.
Fiduciary funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the
government. The City maintains five fiduciary funds, which consist of two pension trust funds
(1925 Police Pension and 1937 Firefighter's Pension), one private - purpose trust fund (Cemetery)
and two agency funds (Payroll and Morris /Palais Royale Box Office).
Pension Trust Private Purpose Trust
Total assets
3,659,633
41,147 2,437,671
Total liabilities
780
- 2,437,671
Total net position
3,658,853
41,147
Total Additions
11,989,067
182
Total Deductions
12,215,139
-
Changes in net position
(226,072)
182
40
Management Discussion & Analysis
The net position in the pension trust funds decreased by ($226,072) during 2012. The net position
in the private purpose trust fund (Cemetery) increased by $182 due to interest earnings.
Effective in fiscal 2009, with the passage of State legislation, funding responsibility for the 1925
Police and 1937 Firefighter's Pension Funds was assumed by the State of Indiana. These
funds no longer receive property tax revenue distributions beyond fiscal 2009. The transfer of
pension responsibility to the State of Indiana is on a reimbursement basis and will not provide
additional revenue to the City for use in other property tax funded areas. The administration of the
pension plans remains the responsibility of the City.
The State of Indiana reimbursement is on a year delayed basis whereas, reimbursement in fiscal
2012 from the State of Indiana included reimbursement for pension benefits paid by the City in
fiscal 2011. In addition, State reimbursement excludes healthcare benefit coverage to pension
plan members, which is covered under the City of South Bend pension benefit program and
which is paid from the pension trust funds.
The decline in the net asset position of the pension trust is the result of timing differences in the
payment of pension benefits and the reimbursement of same from the State of Indiana, as well as
the cost of healthcare benefits to pension members, not covered by the state reimbursement
program.
General Fund Budgetary Highlights
The City prepares an annual budget for general fund expenditures, which is subject to City of
South Bend Common Council approval for adoption, before November 1St of the year preceding,
the budget period, according to state statute concerning the annual budget of second class cities
and towns.
The General Fund budget applicable for fiscal 2012 is reported as follows:
Actual Budgetary
Original Final Basis Variance
Revenue 64,355,996
Expenditures 64,355,996
Surplus (deficit)
64,414,210
66,404,644
(1,990,434)
63,409,839
63.696.316
(286,477)
(1,004,371)
2,708,328
1,703,957
General Fund revenue was originally budgeted at $64,355,996 for fiscal 2012 with Common
Council adoption of the 2012 general fund budget on October 10, 2011. During 2012, the General
Fund revenue budget was increased by $58,214 resulting in an ending revenue budget of
$64,414,210. The revenue budget may be increased at any time based on updated revenue
projections.
During 2012, General Fund revenue achieved amounted to $63,409,839, a deficiency from the
final budget level of $1,004,371. The primary reason for the revenue shortfall were property tax
collections, intergovernmental grants and charges for services revenue that were lower than
budgeted.
General Fund expenditures were originally budgeted at $64,355,996 for fiscal 2012 with Common
Council adoption of the 2012 general fund budget on October 10, 2011. During 2012, the General
Fund expenditure budget was increased $2,048,648 resulting in an ending expenditure budget of
$66,404,644. The expenditure budget increase resulted from an encumbrance roll over at year
end 2011 to 2012 of $1,000,510 and additional appropriations of $1,048,138, which included
additional appropriations for police and fire pension costs, graffiti removal and for a weekend
illegal dumping cleanup crew.
Cy
Management Discussion & Analysis
General Fund spending is reviewed on a monthly basis under the direction of the City Controller
to ensure spending remains within budgetary constraints. Quarterly reviews are conducted as
required with general fund department management to review spending projections to ensure that
annual expenditures remain within the budgetary levels. Budget amendments for cost neutral
redistribution between expense categories (i.e. personnel, supplies, services, capital) are
submitted to Common Council at mid -year and year -end, as required to adjust the budget as
necessary to prevent any budget overruns in any expense category.
Additional appropriations for projects, initiatives, or unbudgeted spending requirements within the
general fund are presented to the Common Council for adoption as deemed necessary by the
Mayor.
General Fund expenditures incurred on a budgetary basis, including cash expended and
outstanding encumbrances as of year -end December 31, 2012 amounted to $63,696,316. The
expenditures and commitments as of year -end December 31, 2012 are less than the 2012
General Fund expenditure budget by $2,708,328 or 4.2 %. The largest savings were in the police
fire, city attorney and administration /finance department budgets as personnel and other costs
spent were less than budgeted due to position vacancies and other factors.
Capital Assets and Debt Administration
Statement of Capital Assets
Governmental Business type Government wide
Activities Activities Activities
Assets not depreciated
Land
Construction in progress
Total
Assets depreciated
Buildings
Non - building improvements
Machinery & equipment
Roads & Infrastructure
2012
2011
2012
2011
2012
2011
891,601,324
Accumulated depreciation
15,921,386
11,560,895
3,024,582
3,024,582
18,945,968
14,585.477
7,502,620
13,150,305
6,647,833
12,217,249
14,150,453
25,367,554
4,659,688
4,387,428
12,030,442
11,175,790
Machinery & equipment
33,647,007
23,424,006
24,711,200
9,672,415
15,241,831
33,096,421
39,953,031
127,656,887
122,117,290
82,297,980
82,634,703
209,954,867
204,751,993
16,038,868
13,472,228
23,987,898
14,127,251
40,026,766
27,599,479
50,304,539
48,052,987
29,235,757
31,056,887
79,540,296
79.109,874
420,291,533
404,725,515
190,938,764
175,414,463
611,230,297
580,139,978
Total Cost
614,291,827
588,368,020
326,460,399
303,233,304
940,752,226
891,601,324
Accumulated depreciation
Buildings
36,735,257
33,542,840
31,348,151
29,662,880
68,083,408
63.205,720
Non - building improvements
7,370,754
6,788,362
4,659,688
4,387,428
12,030,442
11,175,790
Machinery & equipment
33,647,007
32,683,696
22,162,990
23,654,700
55,809,997
56,338,396
Roads
257,852,591
246,914,124
55,469,771
51,101,161
313,322,362
298,015,285
Total
335,605,609
319,929,022
113,640,600
108,806,169
449,246,209
428,735,191
Net Depreciated Assets
278,686,218
268,438,998
212,819,799
194,427,135
491,506,017
462,866,133
Net Capital Assets
302,110,224
293,150.198
222,492,214
209,668,966
524,602,438
502,819,164
IS, V,
Management Discussion & Analysis
City investment in capital assets for governmental and business type activities was $524,602,438
(net of depreciation) at December 31, 2012.
The investment in capital assets includes land and land improvements, buildings and building
improvements, vehicles, information technology computers, machinery and equipment, and
construction in progress. A detailed explanation of these capital assets can be found in the Notes
to the Basic Financial Statements.
Under the category of roads and infrastructure, the current cost amount of $611,230,297 includes
estimated costs derived primarily from the City's 2006 implementation of GASB Statement No.
34, which required the retroactive reporting of infrastructure capital assets. All other assets are
recorded at historical cost.
Maior Capital Asset Protect Spending in 2012
Buildings
Improvements
M &E
Ignition Park Lot 4 $4,901,808 Continued project
VA Clinic, land acquisition 1,487,724 New project
Water utility improvements 422,937 Continued projects
East Bank Sewer Separation, Phases 3 & 4 3,075,710 Continued project
Wastewater digester upgrade 714,387 New project
Manhole & sewer rehabilitation 466,712 New project
Michigan St. lift station replacement 531,937 New project
Automate DO controls for aeration blowers 523,885 Continued project
Capital Assets Analysis
Government wide capital assets, net of accumulated depreciation as of December 31, 2012 of
$524,602,438 increased by $21,783,274 or 4.3% when compared to the level as of December 31,
2011. Construction in progress capital assets decreased by $11,217,101, whereas capitalized
assets in land, buildings, improvements, machinery and equipment, and roads, net of
depreciation, increased by $33,000,375, when compared to December 31, 2011.Several major
capital projects were completed in fiscal 2012, as identified in the chart above, and included
capital investments in buildings, improvements, machinery & equipment and roads. At December
31, 2012, the cost of Roads & Infrastructure ($611,230,296) was the major asset class followed
by Buildings ($209,954,867) and Machinery & Equipment ($79,540,296).
Total depreciation expense for 2012 was $25,827,428 as compared to $22,509,969 for 2011.
Additional information on capital assets can be found in the notes to the financial statements in
statement note I.D.6, capital asset capitalization policy, statement note III.C, capital asset activity,
and statement note III.D, construction commitments.
Debt Administration
Outstanding debt principal as of December 31, 2012 was $263,325,022, an increase of
$24,249,937 or 10.1%. City outstanding debt includes revenue bonds, mortgage bonds, notes &
loans payable and capital leases.
Type Beginning Additions Retirements Ending
Revenue bonds
190,127,431
38,585,000
14,652,431
214,060,000
Mortgage bonds
20,385,000
13,595,000
15,495,000
18,485,000
Notes & loans
19,974,243
1,734,826
2,906,529
18,802,540
Capital leases
8,588,411
5,373,816
1,984,745
11, 977,482
Total Debt
239,075,085
59,288,642
35,038,705
263,325,022
43
Management Discussion & Analysis
During 2012 the City issued the 2012 Sewage Works Revenue Bond in the amount of
$25,000,000 for the purpose of funding improvements for the combined sewer overflow ( "CSO ")
initiative. This bond is a twenty (20) year issue with maturity in 2032 with debt service coverage
from the Sewage Works Bond Sinking fund. The bond issue will finance capital improvements
addressing combined sewer overflow issues improving sewage discharge into the St. Joseph
River, in compliance with the Environmental Protection Agency ( "EPA ") consent decree. It is a
part of a twenty year long -term control plan which will require additional bonding and sewer rate
increases.
In addition, during 2012 the City issued the 2012 Water Works Revenue Bonds in the amount of
$8,300,000 to finance improvements at the water utility. In 2012, the City also issued 2012
Career Academy Bonds in the amount of $1,500,000 to finance an economic development
project.
During 2012 the City entered into capital lease agreements in the amount of $5,373,816 to
purchase certain vehicles, copiers, and equipment. The lease terms are typically for five years
with semi - annual debt service paid from the operating budgets of the user departments. The
2012 capital leases were for various city vehicles and related equipment for the police department
($1,295,000), fire department ($206,299), parks & recreation ($344,500), leaf collection
($117,312), building department ($33,883) and public works ($3,376,822). The City solicits
competitive financing proposals for lease financing from local and national companies.
During 2012 the City also entered into a loan with a local company in the amount of $1,700,000 to
purchase land for a new Veteran's Affairs (VA) clinic in the downtown area.
During 2012 the City refunded two bond issuances in order to take advantage of a more favorable
interest rate environment and lower future debt service payments. The City issued bonds in the
amount of $13,595,000 to refinance a 2003 mortgage for the construction of a new fire station
and police station. The City also issued bonds in the amount of $3,785,000 to refinance an
existing 2002 water utility bond. The savings on the fire /police station and water utility bonds are
approximately $1,514,992 and $514,153, respectively, over the remaining term of the bonds.
Under the Indiana Constitution and State statute, the City's general obligation bonded debt and
certain other debt is subject to a legal limitation based upon 2% of total assessed value of real
and personal property. The City had no general obligation bonded debt outstanding at December
31, 2012 and none of the above debt issuance amounts are subject to this debt limitation.
In 2013, the City anticipates issuing additional debt for sewer improvement and fire department
projects and plans to continue issuing refunding bonds as appropriate to take advantage of lower
interest rates. In April, 2013 the City issued sewer refunding bonds in the amount of $14,765,000
and plans to refinance its 2008 Century Center bonds of approximately $4,165,000 during 2013.
Additional information on debt can be found in the notes to the financial statements in statement
note I.D.8, long -term obligation accounting, statement note III.F.2, capital lease obligations,
statement note III.G, long -term liabilities, and statement note IV.C, conduit debt.
A calculation of the City's legal debt limitation can be found in the statistical debt capacity section
of this document.
Economic Factors and 2013 Budaet
Economic Factors
Property tax revenue, historically and at present, is the principal source of revenue for funding of
governmental activities within the City of South Bend.
44
Management Discussion & Analysis
The State of Indiana General Assembly enacted property tax reform legislation in March of 2008.
House Enrolled Act 1001 (HEA 1001) which limits property taxes paid to 1% of gross assessed
value for residential homesteads, 2% for agricultural /rental properties, and 3% for all other real
and personal property.
Under current legislation, all Indiana localities assess properties based on market values. Each
year properties are trended. This process involves comparing property values to sales activity in
the neighborhood and adjusting the current assessed values up or down according to the trended
data.
This legislation (known as "circuit breaker" legislation) was phased in commencing in fiscal 2009
and has lead to significant reductions in property tax revenues available to fund city governmental
operations over the period from 2009 to the present.
In 2012, the primary funds supported by property taxes (General Fund, Parks and Recreation
Fund, and Cumulative Capital Development Fund) lost approximately $26 million dollars in
taxable property tax levy due to the circuit breaker caps.
As a consequence of the state enacted legislation in 2008, the City enacted a .95% local option
income tax increase to partially offset the property tax revenue loss. The local option tax increase
became effective in October, 2009, and has resulted in an increase in local income taxes
available to the City to fund ongoing governmental operations of public safety, parks & recreation,
code enforcement, highways & streets and general government.
Management of the City of South Bend will continue to manage the financial affairs from a
posture of fiscal conservatism similar to the management practices engaged during fiscal 2012.
City Management believes that the national economic recovery will continue according to the
predictions of governmental economists, with low to no inflation over the next fiscal period. In
addition, job creation is the primary engine to drive economic recovery.
2014 Budget
The City will engage to ensure effective delivery of required services to taxpayers and citizens
within the constraints of available financial resources. The City will continue to provide required
services within the constraints of a balanced general fund budget.
The City has completed certain reengineering projects during fiscal 2012 targeted to create
efficiency and cost improvements within City operations. Completed projects include payroll
system reengineering, water utility customer service improvements, information technology server
virtualization efforts, update to new Microsoft Office suite and operating system, implementation
of a new telephone system and initial work creating a centralized 311 telephone call center.
The City continues to pursue reengineering programs targeted to create efficiency and cost
improvements within City operations. These include purchasing process reengineering, back
office process improvements for human resources and other customer service operations.
These initiatives, upon successful deployment completion, will achieve the desired results to
create efficiency gains in the delivery of services to taxpayers.
The City is committed to creating a budget for fiscal 2014 that will remain fiscally responsible to
the effective delivery of required services to city citizens and stakeholders within the revenue
constraints available. Specific concerns for the 2014 budget include the continuing impact of
circuit breaker property tax reform on City revenue, high health and pension costs and other
stagnant or declining revenue sources such as gasoline, wheel and auto excise taxes.
45
Management Discussion & Analysis
Current Economic Development Projects
Executive management of the City of South Bend continues to pursue economic development
and public works opportunities that will have long term favorable impact on the economic
prospects for the community as a whole. These projects include:
Eddy Street Commons — Continued expansion of the currently existing $220 million
dollar mixed -use development completed for occupancy in 2009. The current
configuration includes a 119 -room hotel; 25 new City homes with 100% occupancy; more
than 20 stores and restaurants; office space; and 268 town homes, apartments and
condominiums, which are 95% occupied, 17 flats that wrap the garage are completed, 30
are under construction, with an additional 15 planned. This is the region's largest single
development in decades. Phase II of Eddy Street Commons is in the planning stages.
Ignition Park— Along with Innovation Park at Notre Dame, these two sites are Indiana's
first dual -site, state - certified technology park. Transpo, the county's public transportation
authority, was the first tenant in Ignition Park and dedicated its new facility in early 2010.
The second tenant in Ignition Park, Data Realty, is a 50,000 square foot colocation, cloud
services data center, with disaster recovery solutions and a managed analytics platform.
Data Realty employs over 20 employees and committed over $15 million in private
investment.
• Renaissance District / Ivy Tower — Rehabilitation of an 800,000 square foot industrial
space near downtown to create an expected 400 new jobs through a mixed use space to
include data centers, high tech office space, and research facilities. The owner of this
property has committed $10 million in private investment over a 10 year period.
Triangle Development — Planned construction of 55 new single family residential
properties in the Triangle area adjacent to the existing new Eddy Street Commons
commercial development, creating a diverse new neighborhood in the City's northeast
sector. Eleven new homes are underway, with many more in the planning stages.
Seventy percent of the lots are being sold at market rate and thirty percent are reserved
for income - eligible buyers. Six million dollars in private investment will transform this
neighborhood.
• East Bank Housing — Six "East Bank Townhomes" constructed and 100% occupied on
the old Rink Riverside site; ten "River Race Townhomes" currently being constructed on
the old Troeger site, with three occupied and three more under contract. The River Race
project is planned to include apartments and mixed use on its southern end along
Jefferson Street.
• Main / Lafayette Connector - Three million dollar project to reconfigure Main and
Lafayette and extend Barbie Street to the Chippewa Theatre. The project will create
several developable sites for future business expansion and traffic flow on the south side
of the City.
• Memorial Hospital — A variety of City infrastructure and streetscape improvements
totaling more than $6 million, in coordination with hospital investment, including a new
fagade for the Bartlett Street parking garage and Skyway Building; reconstruction of four
streets around the hospital campus; reconstruction of the Skyway Walkway over
Michigan Street; new pervious parking lots along the 300 — 500 block of N. Michigan
Street.
• Rushton — This long vacant four story building at the corner of West Washington and
William is being transformed through a partnership with South Bend Heritage Foundation.
The building will house 23 units of senior housing and be completed with $3.1 million in
private funding.
46
Management Discussion & Analysis
• Workforce Strategy — The Department of Community Investment is preparing a
workforce training initiative to coordinate those who offer workforce training into a single
council. This council will focus its training efforts in areas of greatest need and growth,
and will include measurable goals and assessment factors.
Energy Efficiency and Conservation — Supported by a $1.046 million federal stimulus
grant, the City has unveiled a new energy efficiency and conservation strategy which
included the energy audit of 30 municipal buildings, synchronized timing of traffic signals
at the 100 busiest intersections in the City and the production of hydroelectric power from
the Saint Joseph River at the Century Center dam. A Municipal Energy Office has been
established and a source of funding will be identified to allow for continuing energy
projects.
Existing Business Expansions — The City continues to work with private sector
business concerns to enable expansion of their business operations in the City, adding
new employment opportunities and tax base to the City. Tax abatements in 2012 are
expected to result in $41,411,500 of new investment and add 83 jobs with an annual
payroll of $4,921,000.
Requests for Information
This Management Discussion & Analysis as contained within the City of South Bend
Comprehensive Annual Financial Report is intended to provide readers with a general overview
of the financial condition of the City of South Bend as of December 31, 2012. Questions
concerning any of the information provided in this report, or requests for additional information,
should be addressed to:
Mark W. Neal, City Controller
City of South Bend
Department of Administration and Finance
227 W. Jefferson Boulevard, 12th Floor
South Bend, Indiana 46601
Telephone 574 - 235 -9261
Facsimile 574 - 235 -9928
Email mneal(cDsouthbendin.gov
City of South Bend
June 19, 2013
47
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Coveleski Stadium: Renovation of the Year
Award
Ballpark Digest, 2012
National League of Cities Gold Award for
Municipal Excellence
Northeast Neighborhood
Revitalization, 2011
Blackthorn Golf Club: 44th Best Municipal
Course in U.S.
Golf Week Magazine, 2013
Morris Performing Arts Center: Top 100
Venues Worldwide
Pollstar Magazine, 2012
All- America City Award 2011
National Civic League, 2011
West Washington Neighborhood: 2012 Best
Places to Live list
This Old House Magazine, 2012
Bicycle Friendly Community (bronze
designation)
League of American Bicyclist, 2012
Tree City USA Community
Dept. of Natural Resources, 16 Years Running
Palais Royale: "Best of Weddings" Award
TheKnot.com, 2013
City of South Bend Website — Honorable
Mention
2012 MARCOM Awards
4SpUT$8F
W .EASE www.SouthbendlN.gov ' I
�� South Bend, /IV
1865