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2013 Mayor's Annual Address to Council
U T. Mayor's Annual Address to the South Bend Common Council February 10, 2014 Fund Revenue General Fund Special Revenue Debt/Capital Project Enterprise Funds Pension /Trust Redevelopment Subtotal Use of Fund Balance Total Expenditures General Fund Special Revenue Debt/Capital Project Enterprise Funds Pension /Trust Redevelopment Subtotal Source of Fund Balance Total 'Excludes Internal Service Funds City of South Bend, Indiana Consolidated Revenue and Expenditure Summary* 2008-2013 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual $33,930,404 $96,281,658 $61,449,946 $60,911,669 $63,585,275 $62,367,950 34,090,381 36,966,298 43,224,541 37,143,146 36,566,935 41,937,905 17,697,176 21,634,433 25,131,106 23,765,160 26,875,088 29,795,298 64,521,513 72,074,502 74,292,685 103,169,961 113,687,196 71,883,608 7,821,320 14,193,476 11,011,500 12,021,517 13,207,579 10,913,213 4,752,342 24,600,369 58,207,851 32,382,186 30,244,194 33,035,706 162,813,136 265,750,736 273,317,629 269,393,639 284,166,267 249,933,679 55,158,413 0 0 0 0 5,295,680 217,971,549 265,750,736 273,317,629 269,393,639 284,166,267 255,229,358 66,503,546 61,327,868 59,241,185 61,438,862 63,399,284 62,326,328 30,684,881 27,863,007 45,665,687 38,926,920 35,782,342 38,190,615 17,896,634 17,723,766 19,923,960 21,972,775 26,063,378 30,254,298 74,460,068 75,348,774 74,145,059 86,579,570 89,188,333 86,866,246 11,593,997 11,647,851 11,799,890 12,323,516 12,215,209 11,927,127 16,832,423 21,593,080 26,990,015 45,753,683 34,578,806 25,664,744 217,971,549 215,504,346 237,765,796 266,995,326 261,227,352 255,229,358 0 50,246,390 35,551,833 2,398,313 22,938,915 0 217,971,549 265,750,736 273,317,629 269,393,639 284,166,267 255,229,358 $120 0 $100 ►:I ..I M ►e $0 South Bend - Revenue by Fund Type (millions) T 1p !j7I � � o O� 2008 2009 2010 2011 2012 2013 $120 0 $100 M $60 $40 $20 $0 South Bend - Expenditures by Fund Type (millions) 2008 2009 2010 2011 2012 2013 O�S013Ti18�� � O � x U d W PEACE a a 1865 Revenue & Expenditures - All Funds $310 0 75; $290 $270 $250 $230 $210 $190 $170 $150 (millions) $284 $163 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual —$—Revenue (Expenditures $100 0 $90 Me $70 $60 $50 $40 $30 Revenue & Expenditures (millions) - General Fund 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual Revenue (Expenditures $300 0 $250 $200 $150 $100 $50 $0 2013 Revenue $22 $9 $6 $5 $31 $32 $70 $74 ko c c Q�oQ `��e �a�y ��� ewe e .9b aQto Gra,�o, 0 Revenue Tj Charges for Services Property Taxes Inter - Governmental Transfers In Local Income Taxes Other Revenue Other Taxes Bond Proceeds Tota I 2013 Revenue 73, 822, 648 69, 980, 288 32, 262, 794 31,218,635 21,916,677 9,358,327 5,953,032 5,421,277 Percent 29.54% 28.00% 12.91% 12.49% 8.77% 3.74% 2.38% 2.17% 249,933,679 100.00% U) $300 C 0 $250 $200 $150 $100 $50 $0 2013 Expenditures $13 $9 $1 $17 $22 $34 $75 eta` Oe� Sao cae�5 G° <)el a Q��\` 5 awe` 5 �oo� � � 5�' Gao oaa4r ��a0 !G� G Public Safety Water & Sewer Economic Development Culture & Recreation Engineering & Streets General Go\ternment Code & Sanitation Building Department Total 2013 Actual Percent 83,194,698 32.60% 75, 096, 691 29.42% 34, 390, 819 13.47% 22,184,616 8.69% 17,120,436 6.71% 12, 781, 296 5.01% 9,454,466 3.70% 1,006,337 0.39% 255,229,358 100.00% U) $70 c $60 $50 $40 $30 $20 $10 $0 2013 General Fund Expenditures Co 2013 Activity Expenditures Percent Public Safety 52,315,109 83.94% General Government 4,640,752 7.45% Code Enforcement 2,638,745 4.23% Engineering & Streets 1,409,625 2.26% Culture & Recreation 1,322,096 2.12% Tota 1 62, 326, 328 100.00% Full Time Employees - 2009 to 2013 1,200 -[- 1,150 1,132 1,133 1,131 0 1,100 1,116 1,118 w E M LL 1,050 1,000 2009 2010 2011 2012 2013 at December 31 1,250 1,000 750 500 250 Full Time Employees - December 31, 2013 xA NCS a�°e Percent L °ate Pa 579 51.19% Public Works 297 26.26% Parks & Rec. 113 9.99% Activity NCS a�°e Percent L °ate Pa Activity Total Percent Public Safety 579 51.19% Public Works 297 26.26% Parks & Rec. 113 9.99% Community Investment 26 2.30% Code / Animal Control 24 2.12% Admin /Finance 20 1.77% Building Department 14 1.24% Other 58 5.13% Total 1,131 100.00% Oe� p'�re 411110 Other - Mayor, City Clerk, Common Council, Legal Department, Human Rights, and Morris /Palais 11 �gpUTy � p Indiana Local Government Standard & Poor's Bond Ratings January, 2014 140 ; 120 ; 100 80 ; 60 South Bend's S&P rating is AA 40 20 0 AAA AA+ AA AA- A+ A Ar BBB+ BBB BBB- m S&P Bond Rating Number of Units Percent of Total Local Governments AAA 1 0.33% State of Indiana AA+ 9 3.01 % Includes Carmel, East Noble School Corporation, Hamilton County, Westfield AA 13 4.35% Includes South Bend, Indianapolis, Fishers, Jasper, West Lafayette, Noblesville AA- 57 19.06% Includes Bloomington, Elkhart County, Fort Wayne, South Bend School Corp, Warsaw A+ 132 44.15 % Includes Elkhart, Saint Joseph County, Mishawaka, Michigan City, St. Joe Airport A 57 19.06 % Includes Goshen, Hammond, Munster A- 22 7.36% Includes Lawrence, Valparaiso Parks & Recreation Dist., Hammond Schools BBB+ 4 1.34% Includes Damon Run Conservancy District, Richland- Bean Blossom Comnty Sch Corp BBB 2 0.67% Munster Schools, Mount Vernon Schools BBB- 1 0.33% Pike County School Corp. BB 1 0.33% East Chicago Total 299 100.000/0 12 S & P's General Obligation Ratings of Indiana Local Governments Second Class Cities as of January, 2014 Second Class City refers to Cities with population in excess of 35,000 residents and a City Council of 9 members. Note: No public ratings of debt for Evansville, Gary, Greenwood, Kokomo, Muncie, Richmond, or Terre Haute. Fishers has a AA bond rating and will become a second class city on 1 January 2015. Obligor Rating Outlook 1 South Bend AA STABLE 2 Bloomington AA- STABLE 3 Columbus AA- STABLE 4 Fort Wayne AA- STABLE 5 Elkhart A+ STABLE 6 Jeffersonville A+ STABLE 7 Lafayette A+ STABLE 8 Mishawaka A+ STABLE 9 New Albany A+ STABLE 10 Hammond A STABLE 11 Richmond A STABLE 12 Anderson A- STABLE 13 Lawrence A- NEGATIVE Second Class City refers to Cities with population in excess of 35,000 residents and a City Council of 9 members. Note: No public ratings of debt for Evansville, Gary, Greenwood, Kokomo, Muncie, Richmond, or Terre Haute. Fishers has a AA bond rating and will become a second class city on 1 January 2015. pU7H 5 FLG South Bend is the highest rated Second U •a 1g65 Class City in the state of Indiana* Key Factors in South Bend's strong Credit rating - "Diverse local economy and position as a regional center." - "Very strong financial operations." - "Moderate overall debt burden." - "The university [of Notre Dame] and two major health care systems help anchor the area economy." Limiting Rating Factors - "Income levels, at 70% of the national level." - "Above- average unemployment rate." * Second Class City refers to Cities with population in excess of 35,000 pOTy �. MACE Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obliaor Ratina Outlook 1 State of Indiana AAA STABLE 2 Boone Cnty AA+ STABLE 3 Brownsburg Town (Hendricks County) AA+ STABLE 4 Carmel AA+ STABLE 5 Carmel Clay Pub Lib AA+ STABLE 6 East Noble School Corporation AA+ STABLE 7 Hamilton Cnty AA+ STABLE 8 Hancock County AA+ STABLE 9 Marion County Health & Hospital Corporation AA+ STABLE 10 Westfield AA+ STABLE 11 South Bend AA STABLE 12 ClayTwp AA STABLE 13 Fishers AA STABLE 14 Hamilton East Public Library AA STABLE 15 Hancock County Public Library AA STABLE 16 Indianapolis AA STABLE 17 Indianapolis Brd ofSch Comr AA STABLE 18 Jasper AA STABLE 19 Noblesville AA STABLE 20 Noblesville RedevComm AA STABLE 21 Carmel ClaySch Corp AA STABLE 22 West Lafayette AA STABLE 23 Winfield Town AA STABLE U T. Appendix 16 City of South Bend Revenue Summary - 2008 to 2013 Prepared February 2014 Fund Fund Name 2008 Actual (1) 2009 Actual (1) 2010 Actual 2011 Actual 2012 Actual 2013 Actual City Controlled Funds General Fund 101 GENERAL FUND 33,930,404 96,281,658 61,449,946 60,911,669 63,585,275 62,367,950 Special Revenue Funds 102 RAINY DAY FUND 3,393,886 785,254 2,010,972 24,477 42,239 29,524 103 EXCESS LEVY 742 285 185,180 261 0 0 201 PARKS & RECREATION 6,177,677 17,628,799 11,566,177 11,989,053 12,275,385 11,768,204 202 MOTOR VEHICLE HIGHWAY 5,267,736 5,101,624 5,397,547 5,564,838 7,605,799 9,139,123 203 RECREATION - NONREVERTING 1,148,500 1,027,465 996,098 1,023,635 1,039,835 1,003,318 209 STUDEBAKER/OLIVER REVERTING GRANTS 388,269 251,058 683,781 411,454 5,485 3,712 210 ECONOMIC DEVELOPMENT STATE GRANTS 355,484 306,625 3,289,539 1,039,422 220,472 238,065 211 CED OPERATING FUND 0 0 0 2,484,129 2,093,423 2,491,611 212 CED FUND 9,305,084 4,672,752 7,520,251 6,106,647 4,159,815 4,483,441 216 POLICE STATE SEIZURES 49,975 42,274 31,634 41,271 29,005 27,470 217 GIFT, DONATION, BEQUEST 37,300 9,589 9,502 10,856 20,863 11,501 218 POLICE CURFEW VIOLATIONS 2,255 1,530 1,247 1,153 470 663 220 LAW ENFORCEMENT CONTINUING EDUCATION 394,274 339,490 661,879 297,899 279,858 194,529 227 LOSS RECOVERY FUND 4,462,214 441,935 16,091 224,246 21,894 3,845,643 249 PUBLIC SAFETY L.O.I.T. 0 0 6,083,195 5,510,917 6,789,333 6,582,642 250 GENERAL GRANT 1,160 319 15 0 0 0 251 LOCAL ROADS & STREETS 1,188,144 1,068,972 1,072,859 1,036,989 1,029,814 1,008,943 252 EXCESS WELFARE DISTRIBUTION 0 2,922,079 17,808 6,545 5,407 4 258 HUMAN RIGHTS - FEDERAL GRANT 166,616 135,088 198,614 154,253 184,948 178,148 271 EASTRACE WATERWAY 1,194 284 118 78 99 46 273 MORRIS PAC /PALAIS ROYALE MARKETING 14,491 18,693 14,408 4,118 5,039 7,113 280 POLICE BLOCK GRANTS 0 810,837 2,031 3,433 681 13 281 ECONOMIC DEVELPMENT COMM - REV BONDS 0 0 88 926 133 93 289 HAZMAT 11,626 380 271 580 13 16,762 291 INDIANA RIVER RESCUE 12,774 22,800 32,669 26,545 65,408 66,068 292 POLICE GRANTS 202,215 55,056 0 49,038 111,796 162,837 City of South Bend Revenue Summary - 2008 to 2013 Prepared February 2014 Fund Fund Name 2008 Actual (1) 2009 Actual (1) 2010 Actual 2011 Actual 2012 Actual 2013 Actual 294 REGIONAL POLICE ACADEMY 21,856 15,471 26,075 24,048 13,822 21,013 295 COPS MORE GRANT 32,645 61,383 34,300 30,063 40,690 23,068 299 POLICE FEDERAL DRUG ENFORCEMENT 63,008 48,372 46,835 85,182 84,572 194,569 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 955,453 766,866 2,895,913 558,646 7,670 3,833 655 POJECT RELEAF 434,395 431,018 429,290 431,438 432,956 435,940 705 POLICE K -9 UNIT 1,408 0 154 1,006 11 8 Total Special Revenue Funds 34,090,381 36,966,298 43,224,541 37,143,146 36,566,935 41,937,905 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 454,564 2,446,354 1,575,924 1,750,141 1,306,284 1,406,963 Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 2,199,396 2,188,308 2,919,148 2,568,500 2,288,561 8,323,033 377 PROFESSIONAL SPORTS DEVELOPMENT 1,004,385 1,152,319 1,166,229 956,450 1,303,963 677,704 401 COVELESKI STADIUM CAPITAL 11,192 3,123 370 262 327 92 403 ZOO ENDOWMENT 4,354 250 2,095 3,757 13,211 176 404 COUNTY OPTION INCOME TAX 6,504,988 8,385,056 7,828,067 8,223,812 9,443,965 8,509,058 405 PARK NONREVERTING CAPITAL 227,253 200,255 195,200 250,691 203,742 228,721 406 CUMULATIVE CAPITAL DEVELOPMENT 588,689 1,616,313 765,152 630,877 603,408 552,148 407 CUMULATIVE CAPITAL IMPROVEMENT 550,534 530,574 515,648 484,580 449,238 446,579 408 ECONOMIC DEVELOPMENT INCOME TAX 4,330,228 4,060,012 9,330,188 7,948,566 9,673,476 8,785,077 412 MAJOR MOVES CONSTRUCTION 463,752 113,908 77,622 109,896 715,263 500,882 416 MORRIS PERFORMING ARTS CENTER CAPITAL 93,551 84,500 118,271 85,791 87,901 101,947 434 CREED FUND 1,022,878 613,910 419,363 734,607 654,444 244,899 450 PALAIS ROYALE HISTORIC PRESERVATION 17,009 33,274 13,805 14,320 12,113 15,561 677 HALL OF FAME CAPITAL 224,403 206,277 204,024 2,910 119,192 2,458 Total Capital & Debt Service Funds 17,697,176 21,634,433 25,131,106 23,765,160 26,875,088 29,795,298 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 1,167,563 982,015 873,650 891,604 1,010,067 954,228 City of South Bend Revenue Summary - 2008 to 2013 Prepared February 2014 Fund Fund Name 2008 Actual (1) 2009 Actual (1) 2010 Actual 2011 Actual 2012 Actual 2013 Actual 601 PARKING GARAGES 1,004,156 1,070,566 1,048,884 1,074,230 923,966 971,598 610 SOLID WASTE OPERATIONS 4,344,468 4,755,199 4,795,272 4,829,373 5,087,349 5,407,945 611 SOLID WASTE CAPITAL 393,661 423,405 331,174 239,062 259,479 830,707 620 WATER WORKS OPERATIONS 13,993,027 14,207,162 14,226,351 14,149,682 15,598,809 15,109,623 622 WATER WORKS CAPITAL 1,085,219 915,192 277,977 1,345,040 3,791,481 13,709 623 WATERWORKS BOND CAPITAL 1,401 5,245,500 10,555 1,764 8,455,624 16,550 624 WATER WORKS CUSTOMER DEPOSIT 47,733 11,514 4,960 3,971 6,864 4,861 625 WATERWORKS SINKING FUND 3,839,568 3,272,172 3,557,260 3,556,581 1,646,743 2,056,004 626 WATER WORKS BOND RESERVE 0 0 121,162 305,401 885,285 253,988 629 WATER WORKS RESERVE - O & M 209,538 15,165 996,501 7,206 131,155 52,228 640 SEWER REPAIR INSURANCE 672,763 664,782 586,976 547,845 549,923 552,869 641 SEWAGE WORKS OPERATIONS 22,921,400 24,019,035 25,257,312 28,897,031 31,096,953 31,784,543 642 SEWAGE WORKS CAPITAL 2,983,573 2,780,287 1,301,577 13,524,497 4,496,026 194,410 643 SEWAGE WORKS RESERVE - O & M 118,399 27,752 10,034 409,583 15,457 211,332 644 WATER LEAK INSURANCE FUND 975,688 0 0 0 0 0 645 2006 SEWER BOND 24,204 33,912 97 12 0 0 647 2007 SEWER BOND 502,119 400,281 156,326 1,352 202 42 649 SEWAGE WORKS BOND SINKING 6,335,129 5,735,000 7,520,570 6,923,468 8,369,028 9,463,724 650 CLAY SEWAGE WORKS OPERATIONS 38,408 8,481 2 2 3 2 651 2007B SEWER BOND 469,876 142,314 30,308 2,989 575 69 653 SEWAGE WORKS DEBT SERVICE RESERVE 0 4,541,322 1,058,932 2,143,816 1,966,747 14,099 658 2010 SEWER BOND 0 0 9,522,985 18,528 4,348 216 659 2011 SEWER BOND 0 0 0 21,508,738 91,421 30,970 661 2012 SEWER BOND 0 0 0 0 25,196,371 65,016 663 2013 SEWER BOND 0 0 0 0 0 0 664 2013A COST OF ISSUANCE FUND 0 0 0 0 0 85,746 670 CENTURY CENTER 3,393,620 2,823,446 2,603,820 2,788,186 2,658,898 3,133,815 671 CENTURY CENTER CAPITAL ACCOUNT 0 0 0 0 1,444,422 675,315 Total Enterprise Funds 64,521,513 72,074,502 74,292,685 103,169,961 113,687,196 71,883,608 Internal Service Funds City of South Bend Revenue Summary - 2008 to 2013 Prepared February 2014 Fund Fund Name 2008 Actual (1) 2009 Actual (1) 2010 Actual 2011 Actual 2012 Actual 2013 Actual 222 CENTRAL SERVICES 3,509,704 3,103,125 3,281,537 3,341,396 6,708,059 7,254,876 226 LIABILITY INSURANCE 2,712,837 2,044,370 2,898,051 3,078,648 2,967,528 3,009,847 278 TAKE HOME VEHICLE POLICE 0 520,175 62,038 86,159 128,200 124,848 711 SELF - FUNDED EMPLOYEE BENEFITS 14,290,046 12,532,566 9,623,999 11,275,664 11,075,304 12,156,648 713 UNEMPLOYMENT COMPENSATION FUND 0 0 0 217,482 275,040 252,907 Total Internal Service Funds 20,512,587 18,200,236 15,865,625 17,999,349 21,154,131 22,799,125 Trust Funds 701 FIREFIGHTERS PENSION 3,744,733 6,622,109 5,200,479 5,528,899 5,239,851 5,038,210 702 POLICE PENSION 4,075,113 7,571,010 5,810,871 6,492,500 6,751,423 5,874,865 703 POLICE /FIRE STATE PENS. 0 0 0 0 1,216,103 0 730 CITY CEMETARY TRUST FUND 1,474 357 150 118 202 138 Total Trust Funds 7,821,320 14,193,476 11,011,500 12,021,517 13,207,579 10,913,213 Total City Funds 178,573,381 259,350,603 230,975,403 255,010,802 275,076,204 239,697,098 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIFREVENUE - AIRPORT 1,781,158 11,723,053 22,051,980 13,319,602 12,667,604 16,026,663 414 TIF DISTRICT - SAMPLE -EWING GEN'L 5,876 0 0 0 0 0 420 TIF DISTRICT - SBCDA GENERAL 267,774 4,555,292 7,809,863 6,109,627 5,495,844 3,464,065 422 TIF DISTRICT - WEST WASHINGTON 16,175 359,961 862,008 434,226 426,635 495,043 425 TIF LEIGHTON PLAZA 156,860 144,332 147,012 113,095 131,799 159,289 426 TIF CENTRAL MEDICAL SERVICE AREA 57,442 933,885 3,540,910 1,714,266 1,623,756 1,233,918 429 TIF NORTHEAST DISTRICT 233 22,567 195,745 716,103 1,356,334 849,684 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 3,095 357,382 4,102,951 1,819,106 3,891,739 2,421,638 431 TIF SSDA #2 - ERSKINE COMMONS 18 1,241,831 5,997,903 794,500 2,329 0 432 TIF SSDA #3 - ERSKINE VILLAGE 4,782 1,533,641 3,771,192 1,616,374 27,801 1,329,971 435 TIF DOUGLAS ROAD 0 1,303,937 619,818 306,299 286,436 324,393 City of South Bend Revenue Summary - 2008 to 2013 Prepared February 2014 Fund Fund Name 2008 Actual (1) 2009 Actual (1) 2010 Actual 2011 Actual 2012 Actual 2013 Actual 436 TIF NORTHEST RESIDENTIAL 0 0 1,817,307 2,448,369 2,524,259 2,271,188 Total Tax Increment Financing Funds 2,293,413 22,175,881 50,916,689 29,391,567 28,434,536 28,575,852 Redevelopment Funds 305 SBCDA BOND PROCEEDS - 2003 188,939 34,171 8,832 2,657 0 0 428 REDEVELOPMENT DISTRICT CAPITAL - AEDA2003 10,213 2,725 1,202 0 0 0 433 REDEVELOPMENT ADMINISTRATION GENERAL 2,822 669 214 107 164 104 438 COVELESKI BOND CONSTRUCTION 0 0 4,980,000 5,268 0 0 439 CERTIFIED TECHNOLOGY PARK 0 0 0 812,791 3,571 2,866,234 454 AIRPORT URBAN ENTERPRISE ZONE 0 809,305 302,172 123,638 113,044 1,289 619 BLACKTHORN GOLF COURSE OPERATIONS 1,488,676 1,532,523 1,482,945 1,393,351 1,669,151 1,580,512 Total Redevelopment Funds 1,690,650 2,379,393 6,775,365 2,337,812 1,785,930 4,448,139 Debt Service Funds 314 REDEV BOND - 1990 PUBLIC IMPROVEMENT 30,589 9,636 3,027 2,373 3,009 0 315 AIRPORT 2003 DEBT RESERVE 445,485 16,949 7,090 5,538 5,571 3,567 317 COVELESKI BOND DEBT RESERVE 0 0 498,000 1,277 2,470 1,725 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 37,970 8,742 3,627 2,827 4,420 464 328 SBCDA 2003 DEBT RESERVE 254,235 9,768 4,053 640,792 8,258 5,959 Total Debt Service Funds 768,279 45,095 515,797 652,807 23,728 11,715 Total Redevelopment Commission Funds 4,752,342 24,600,369 58,207,851 32,382,186 30,244,194 33,035,706 City Operations Total 183,325,723 283,950,972 289,183,254 287,392,988 305,320,398 272,732,804 Less: Internal Service Funds (20,512,587) (18,200,236) (15,865,625) (17,999,349) (21,154,131) (22,799,125) Net Revenue 162,813,136 265,750,736 273,317,629 269,393,639 284,166,267 249,933,679 (1) Property taxes in the amount of $65,855,836 for 2008 not collected until 2009 due to delay in tax billing. City of South Bend Revenue Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual Property Taxes Local Income Taxes Other Taxes Intergovern- mental Charges for Services Bond Proceeds Transfers In Other Revenue City Controlled Funds General Fund 101 GENERAL FUND 62,367,950 36,251,397 0 3,119,610 5,221,212 3,173,718 0 11,769,385 2,832,629 Special Revenue Funds 102 RAINY DAY FUND 29,524 0 0 0 0 0 0 0 29,524 103 EXCESS LEVY 0 0 0 0 0 0 0 0 0 201 PARKS & RECREATION 11,768,204 7,207,060 0 619,840 696,009 3,114,282 0 0 131,014 202 MOTOR VEHICLE HIGHWAY 9,139,123 0 0 0 5,051,334 340,065 0 3,626,882 120,842 203 RECREATION - NONREVERTING 1,003,318 0 0 0 0 888,733 0 0 114,585 209 STUDEBAKER/OLIVER REVERTING GRANTS 3,712 0 0 0 0 0 0 0 3,712 210 ECONOMIC DEVELOPMENT STATE GRANTS 238,065 0 0 0 0 0 0 0 238,065 211 CED OPERATING FUND 2,491,611 0 0 0 769,920 0 0 1,717,519 4,172 212 CED FUND 4,483,441 0 0 0 3,995,268 0 0 0 488,173 216 POLICE STATE SEIZURES 27,470 0 0 0 26,972 0 0 0 498 217 GIFT, DONATION, BEQUEST 11,501 0 0 0 0 0 0 0 11,501 218 POLICE CURFEW VIOLATIONS 663 0 0 0 0 0 0 0 663 220 LAW ENFORCEMENT CONTINUING EDUCATION 194,529 0 0 0 6,964 100,118 0 0 87,448 227 LOSS RECOVERY FUND 3,845,643 0 0 0 0 3,804,857 0 0 40,785 249 PUBLIC SAFETY L.O.I.T. 6,582,642 0 5,892,386 0 0 0 0 683,303 6,954 250 GENERAL GRANT 0 0 0 0 0 0 0 0 0 251 LOCAL ROADS & STREETS 1,008,943 0 0 0 1,001,871 825 0 0 6,247 252 EXCESS WELFARE DISTRIBUTION 4 0 0 0 0 0 0 0 4 258 HUMAN RIGHTS - FEDERAL GRANT 178,148 0 0 0 146,650 29,905 0 0 1,593 271 EASTRACE WATERWAY 46 0 0 0 0 0 0 0 46 273 MORRIS PAC /PALAIS ROYALE MARKETING 7,113 0 0 0 0 0 0 0 7,113 280 POLICE BLOCK GRANTS 13 0 0 0 0 0 0 0 13 281 ECONOMIC DEVELPMENT COMM - REV BONDS 93 0 0 0 0 0 0 0 93 289 HAZMAT 16,762 0 0 0 0 16,722 0 0 40 291 INDIANA RIVER RESCUE 66,068 0 0 0 0 0 0 0 66,068 292 POLICE GRANTS 162,837 0 0 0 162,838 0 0 0 (1) 294 REGIONAL POLICE ACADEMY 21,013 0 0 0 0 20,745 0 0 268 295 COPS MORE GRANT 23,068 0 0 0 0 12,000 0 0 11,068 299 POLICE FEDERAL DRUG ENFORCEMENT 194,569 0 0 0 160,829 23,018 0 0 10,722 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 3,833 0 0 0 0 0 0 0 3,833 655 POJECT RELEAF 435,940 0 0 0 0 433,026 0 0 2,914 705 POLICE K -9 UNIT 8 0 0 0 0 0 0 0 8 Total Special Revenue Funds 41,937,905 7,207,060 5,892,386 619,840 12,018,655 8,784,296 0 6,027,704 1,3879964 Debt Service Fund City of South Bend Revenue Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual Property Taxes Local Income Taxes Other Taxes Intergovern- mental Charges for Services Bond Proceeds Transfers In Other Revenue 313 HALL OF FAME DEBT SERVICE 1,406,963 1,268,179 0 67,316 71,468 0 0 0 0 Capital Project Funds 288 EMS I FIRE DEPARTMENT CAPITAL 8,323,033 0 0 0 0 2,951,030 5,335,537 0 36,466 377 PROFESSIONAL SPORTS DEVELOPMENT 677,704 0 0 0 597,111 0 0 0 80,593 401 COVELESKI STADIUM CAPITAL 92 0 0 0 0 0 0 0 92 403 ZOO ENDOWMENT 176 0 0 0 0 0 0 0 176 404 COUNTY OPTION INCOME TAX 8,509,058 0 7,846,939 0 0 501,108 0 0 161,011 405 PARK NONREVERTING CAPITAL 228,721 0 0 0 0 4,105 0 209,824 14,791 406 CUMULATIVE CAPITAL DEVELOPMENT 552,148 463,331 0 39,849 46,055 0 0 0 2,913 407 CUMULATIVE CAPITAL IMPROVEMENT 446,579 0 0 150,000 271,457 0 0 0 25,122 408 ECONOMIC DEVELOPMENT INCOME TAX 8,785,077 0 8,177,352 0 0 69,965 0 0 537,760 412 MAJOR MOVES CONSTRUCTION 500,882 0 0 0 0 0 0 0 500,882 416 MORRIS PERFORMING ARTS CENTER CAPITAL 101,947 0 0 0 0 100,535 0 0 1,412 434 CREED FUND 244,899 0 0 244,481 0 0 0 0 418 450 PALAIS ROYALE HISTORIC PRESERVATION 15,561 0 0 0 0 0 0 0 15,561 677 HALL OF FAME CAPITAL 2,458 0 0 0 0 0 0 0 2,458 Total Capital & Debt Service Funds 29,795,298 1,731,510 16,024,291 501,646 986,090 3,626,744 5,335,537 209,824 1,379,656 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 954,228 0 0 0 0 952,364 0 0 1,864 601 PARKING GARAGES 971,598 0 0 0 0 871,899 0 0 99,699 610 SOLID WASTE OPERATIONS 5,407,945 0 0 0 178,820 5,224,684 0 0 4,441 611 SOLID WASTE CAPITAL 830,707 0 0 0 0 0 0 830,239 469 620 WATER WORKS OPERATIONS 15,109,623 0 0 0 0 15,016,078 0 13,891 79,654 622 WATER WORKS CAPITAL 13,709 0 0 0 0 0 0 0 13,709 623 WATERWORKS BOND CAPITAL 16,550 0 0 0 0 0 0 0 16,550 624 WATERWORKS CUSTOMER DEPOSIT 4,861 0 0 0 0 0 0 0 4,861 625 WATERWORKS SINKING FUND 2,056,004 0 0 0 0 0 0 2,053,940 2,064 626 WATER WORKS BOND RESERVE 253,988 0 0 0 0 0 0 249,221 4,767 629 WATER WORKS RESERVE - O& M 52,228 0 0 0 0 0 0 45,301 6,927 640 SEWER REPAIR INSURANCE 552,869 0 0 0 0 548,665 0 0 4,204 641 SEWAGE WORKS OPERATIONS 31,784,543 0 0 0 0 31,709,342 0 15,258 59,943 642 SEWAGE WORKS CAPITAL 194,410 0 0 0 0 0 0 0 194,410 643 SEWAGE WORKS RESERVE - O& M 211,332 0 0 0 0 0 0 200,296 11,036 644 WATER LEAK INSURANCE FUND 0 0 0 0 0 0 0 0 0 645 2006 SEWER BOND 0 0 0 0 0 0 0 0 0 647 2007 SEWER BOND 42 0 0 0 0 0 0 0 42 649 SEWAGE WORKS BOND SINKING 9,463,724 0 0 0 0 0 0 9,453,493 10,232 650 CLAY SEWAGE WORKS OPERATIONS 2 0 0 0 0 0 0 0 2 651 2007B SEWER BOND 69 0 0 0 0 0 0 0 69 653 SEWAGE WORKS DEBT SERVICE RESERVE 14,099 0 0 0 0 0 0 14,096 3 City of South Bend Revenue Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual Property Taxes Local Income Taxes Other Taxes Intergovern- mental Charges for Services Bond Proceeds Transfers In Other Revenue 658 2010 SEWER BOND 216 0 0 0 0 0 0 0 216 659 2011 SEWER BOND 30,970 0 0 0 0 0 0 0 30,970 661 2012 SEWER BOND 65,016 0 0 0 0 0 0 0 65,016 663 2013 SEWER BOND 0 0 0 0 0 0 0 0 0 664 2013A COST OF ISSUANCE FUND 85,746 0 0 0 0 0 85,740 0 5 670 CENTURY CENTER 3,133,815 0 0 1,313,436 0 110,884 0 0 1,709,495 671 CENTURY CENTER CAPITAL ACCOUNT 675,315 0 0 0 100,000 0 0 0 575,315 Total Enterprise Funds 71,883,608 0 0 1,313,436 278,820 54,433,915 85,740 12,875,733 2,895,963 Internal Service Funds 222 CENTRAL SERVICES 7,254,876 0 0 0 0 7,216,169 0 0 38,707 226 LIABILITY INSURANCE 3,009,847 0 0 0 0 2,988,737 0 0 21,110 278 TAKE HOME VEHICLE POLICE 124,848 0 0 0 0 123,413 0 0 1,435 711 SELF - FUNDED EMPLOYEE BENEFITS 12,156,648 0 0 0 0 210,513 0 0 11,946,136 713 UNEMPLOYMENT COMPENSATION FUND 252,907 0 0 0 0 0 0 0 252,907 Total Internal Service Funds 22,799,125 0 0 0 0 10,538,832 0 0 12,260,294 Trust Funds 701 FIREFIGHTERS PENSION 5,038,210 0 0 0 5,035,292 0 0 0 2,918 702 POLICE PENSION 5,874,865 0 0 0 5,863,697 230 0 0 10,938 703 POLICE /FIRE STATE PENS. 0 0 0 0 0 0 0 0 0 730 CITY CEMETARY TRUST FUND 138 0 0 0 0 0 0 0 138 Total Trust Funds 10,913,213 0 0 0 10,898,990 230 0 0 13,993 Total City Funds 239,697,098 45,189,966 21,916,677 5,554,532 29,403,767 80,557,734 5,421,277 30,882,646 20,770,499 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 16,026,663 13,340,354 0 0 0 2,239,714 0 279,530 167,065 414 TIF DISTRICT- SAMPLE -EWING GEN'L 0 0 0 0 0 0 0 0 0 420 TIF DISTRICT - SBCDA GENERAL 3,464,065 2,590,808 0 398,500 0 34,021 0 5,959 434,777 422 TIF DISTRICT -WEST WASHINGTON 495,043 493,608 0 0 0 0 0 0 1,435 425 TIF LEIGHTON PLAZA 159,289 0 0 0 0 0 0 0 159,289 426 TIF CENTRAL MEDICAL SERVICE AREA 1,233,918 1,221,676 0 0 0 0 0 0 12,242 429 TIF NORTHEAST DISTRICT 849,684 841,627 0 0 0 0 0 0 8,057 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 2,421,638 2,404,416 0 0 0 0 0 0 17,222 431 TIF SSDA #2 - ERSKINE COMMONS 0 0 0 0 0 0 0 0 0 432 TIF SSDA #3 - ERSKINE VILLAGE 1,329,971 1,311,129 0 0 0 0 0 0 18,842 435 ITIF DOUGLAS ROAD 324,393 1 323,939 1 01 01 01 01 01 01 454 City of South Bend Revenue Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual Property Taxes Local Income Taxes Other Taxes Intergovern- mental Charges for Services Bond Proceeds Transfers In Other Revenue 436 TIF NORTHEST RESIDENTIAL 2,271,188 2,262,765 0 0 0 0 0 0 8,423 Total Tax Increment Financing Funds 28,575,852 24,790,322 0 398,500 0 2,273,735 0 285,489 827,806 Redevelopment Funds 305 SBCDA BOND PROCEEDS - 2003 0 0 0 0 0 0 0 0 0 428 REDEVELOPMENT DISTRICT CAPITAL - AEDA2003 0 0 0 0 0 0 0 0 0 433 REDEVELOPMENT ADMINISTRATION GENERAL 104 0 0 0 0 0 0 0 104 438 COVELESKI BOND CONSTRUCTION 0 0 0 0 0 0 0 0 0 439 CERTIFIED TECHNOLOGY PARK 2,866,234 0 0 0 2,859,027 0 0 0 7,207 454 AIRPORT URBAN ENTERPRISE ZONE 1,289 0 0 0 0 0 0 0 1,289 619 BLACKTHORN GOLF COURSE OPERATIONS 1,580,512 0 0 0 0 1,530,012 0 50,500 0 Total Redevelopment Funds 4,448,139 0 0 0 2,859,027 1,530,012 0 50,500 8,600 Debt Service Funds 314 REDEV BOND - 1990 PUBLIC IMPROVEMENT 0 0 0 0 0 0 0 0 0 315 AIRPORT 2003 DEBT RESERVE 3,567 0 0 0 0 0 0 0 3,567 317 COVELESKI BOND DEBT RESERVE 1,725 0 0 0 0 0 0 0 1,725 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 464 0 0 0 0 0 0 0 464 328 SBCDA 2003 DEBT RESERVE 5,959 0 0 0 0 0 0 0 5,959 Total Debt Service Funds 11,715 0 0 0 0 0 0 0 11,715 Total Redevelopment Commission Funds 33,035,706 24,790,322 0 398,500 2,859,027 3,803,746 0 335,989 848,121 City Operations Total 272,732,804 69,980,288 21,916,677 5,953,032 32,262,794 84,361,480 5,421,277 31,218,635 21,618,620 Less: Internal Service Funds (22,799,125) 0 0 0 0 (10,538,832) 0 0 (12,260,294) Net Revenue 249,933,679 69,980,288 21,916,677 5,953,032 32,262,794 73,822,648 5,421,277 31,218,635 9,358,327 Percent 100.00%1 28.00% 8.77% 2.38% 12.919/6 29.54% 2.170/6 12.49 ° /a 3.740/6 City of South Bend Expenditure Summary - zuO8 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual City Controlled Funds General Fund 101 GENERAL FUND 66,503,546 61,327,868 59,241,185 61,438,862 63,399,284 62,326,328 Special Revenue Funds 102 RAINY DAY FUND 0 0 0 0 0 0 103 EXCESS LEVY 0 0 0 219,363 0 0 201 PARKS & RECREATION 12,424,641 10,709,907 11,034,333 11,758,626 12,012,845 12,392,940 202 MOTOR VEHICLE HIGHWAY 5,124,138 4,824,220 6,266,127 6,162,905 6,747,419 7,729,988 203 RECREATION - NONREVERTING 1,070,508 1,048,560 1,023,374 1,066,476 977,654 896,201 209 STUDEBAKER/OLIVER REVERTING GRANTS 235,856 147,812 891,081 974,694 162,602 0 210 ECONOMIC DEVELOPMENT STATE GRANTS 272,799 214,198 2,711,824 1,709,445 207,065 807,570 211 CED OPERATING FUND 0 0 0 1,968,133 2,025,585 2,168,133 212 CED FUND 7,207,638 7,351,801 8,485,805 6,293,804 3,940,253 4,406,331 216 POLICE STATE SEIZURES 11,606 7,625 40,785 16,502 10,787 13,729 217 GIFT, DONATION, BEQUEST 0 20,617 0 0 4,259 0 218 POLICE CURFEW VIOLATIONS 3,769 1,777 0 0 0 0 220 LAW ENFORCEMENT CONTINUING EDUCATION 244,077 196,512 576,018 200,637 233,892 300,508 227 LOSS RECOVERY FUND 0 264,637 286,795 99,400 173,988 251,171 249 PUBLIC SAFETY L.O.I.T. 0 0 4,940,000 4,976,969 5,476,534 7,540,389 250 GENERAL GRANT 0 54,786 5,250 163 0 0 251 LOCAL ROADS & STREETS 1,290,819 1,445,105 1,569,984 2,005,741 541,522 781,866 252 EXCESS WELFARE DISTRIBUTION 0 0 674,000 0 2,276,693 0 258 HUMAN RIGHTS - FEDERAL GRANT 161,957 144,247 153,710 156,933 168,548 197,537 271 EASTRACE WATERWAY 231 1,503 204 9,915 8,009 0 273 MORRIS PAC /PALAIS ROYALE MARKETING 2,764 14,753 14,605 0 0 7,891 280 POLICE BLOCK GRANTS 0 218,850 157,498 312,292 124,539 0 281 ECONOMIC DEVELPMENT COMM - REV BONDS 0 0 0 0 0 0 289 HAZMAT 12,669 3,004 6,366 448 0 3,237 291 INDIANA RIVER RESCUE 31,034 16,881 33,752 20,896 17,736 89,770 292 POLICE GRANTS 181,902 123,403 0 49,038 14,796 56,454 10 City of South Bend Expenditure Summary - zuO8 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual 294 REGIONAL POLICE ACADEMY 21,076 18,317 13,899 27,104 16,369 26,744 295 COPS MORE GRANT 9,412 56,152 50,318 49,446 39,297 17,014 299 POLICE FEDERAL DRUG ENFORCEMENT 97,624 95,279 90,310 31,052 60,491 144,750 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 1,916,006 518,394 6,300,000 472,140 200,451 0 655 POJECT RELEAF 363,072 363,167 339,649 344,798 340,652 357,767 705 POLICE K -9 UNIT 1,283 1,500 0 0 356 625 Total Special Revenue Funds 30,684,881 27,863,007 45,665,687 38,926,920 35,782,342 38,190,615 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 1,413,515 1,406,000 1,405,500 1,405,000 1,330,465 1,268,000 Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 919,141 692,317 2,104,065 2,065,780 2,278,472 8,296,495 377 PROFESSIONAL SPORTS DEVELOPMENT 889,620 866,095 838,574 995,423 1,365,560 876,470 401 COVELESKI STADIUM CAPITAL 61,822 138,288 9,790 14,991 56,162 0 403 ZOO ENDOWMENT 0 0 0 0 0 0 404 COUNTY OPTION INCOME TAX 6,465,672 4,132,545 7,208,580 6,142,472 8,324,409 8,930,424 405 PARK NONREVERTING CAPITAL 247,425 237,633 193,488 220,952 178,387 148,214 406 CUMULATIVE CAPITAL DEVELOPMENT 1,542,020 1,252,118 1,394,776 501,538 589,869 602,118 407 CUMULATIVE CAPITAL IMPROVEMENT 565,611 584,936 592,378 594,000 402,277 367,575 408 ECONOMIC DEVELOPMENT INCOME TAX 4,053,471 3,257,589 3,949,573 8,474,479 8,069,327 7,927,361 409 CUMULATIVE SEWER 0 0 0 80,224 0 0 412 MAJOR MOVES CONSTRUCTION 131,735 3,641,472 962,470 336,666 2,142,921 1,253,680 416 MORRIS PERFORMING ARTS CENTER CAPITAL 58,138 50,195 42,167 120,683 172,417 41,405 434 CREED FUND 1,535,883 1,408,898 1,012,417 848,322 878,554 458,949 450 PALAIS ROYALE HISTORIC PRESERVATION 0 3,967 7,258 3,983 0 20,470 677 HALL OF FAME CAPITAL 12,581 51,713 202,924 168,262 274,558 63,137 Total Capital & Debt Service Funds 17,896,634 17,723,766 19,923,960 21,972,775 26,063,378 30,254,298 Enterprise Funds 11 City of South Bend Expenditure Summary - zuO8 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual 600 CONSOLIDATED BUILDING DEPARTMENT 1,104,563 1,088,264 932,360 858,741 913,173 1,006,337 601 PARKING GARAGES 733,529 724,316 623,583 752,728 983,411 942,855 610 SOLID WASTE OPERATIONS 4,477,767 4,276,259 4,290,837 4,763,336 5,086,439 5,804,066 611 SOLID WASTE CAPITAL 397,680 423,027 315,262 240,749 275,191 712,375 620 WATER WORKS OPERATIONS 14,829,974 13,946,540 14,534,297 15,048,859 15,557,806 13,374,286 622 WATER WORKS CAPITAL 931,580 807,866 586,289 399,864 1,049,127 627,301 623 WATERWORKS BOND CAPITAL 817,944 1,015,134 3,301,537 794,336 2,799,602 5,006,757 624 WATER WORKS CUSTOMER DEPOSIT 59,214 11,514 4,960 3,971 6,864 4,901 625 WATERWORKS SINKING FUND 3,848,386 3,277,319 3,548,912 3,558,412 1,651,501 2,055,303 626 WATER WORKS BOND RESERVE 0 0 161 0 0 0 629 WATER WORKS RESERVE - O & M 60,947 15,165 8,691 912,337 9,729 6,927 640 SEWER REPAIR INSURANCE 666,690 630,605 279,535 268,681 309,775 351,024 641 SEWAGE WORKS OPERATIONS 23,426,749 26,246,904 22,661,359 34,566,327 29,140,481 28,828,365 642 SEWAGE WORKS CAPITAL 2,972,779 2,356,528 1,625,220 3,994,549 5,406,213 5,012,953 643 SEWAGE WORKS RESERVE - O & M 118,399 454,752 10,034 8,429 74,960 11,036 644 WATER LEAK INSURANCE FUND 824,080 0 0 0 0 0 645 2006 SEWER BOND 1,796,047 784,893 16,957 14,371 0 12 647 2007 SEWER BOND 7,720,398 4,495,468 509,982 839,292 47,861 17,942 649 SEWAGE WORKS BOND SINKING 6,349,348 5,749,779 6,892,171 6,904,519 8,225,040 9,516,963 650 CLAY SEWAGE WORKS OPERATIONS 0 1,086,322 0 0 0 698 651 2007B SEWER BOND 131,985 5,126,327 10,046,404 1,506,696 189,122 39,624 653 SEWAGE WORKS DEBT SERVICE RESERVE 0 0 0 0 0 2,438,087 658 2010 SEWER BOND 0 0 799,341 6,692,030 1,942,289 110,204 659 2011 SEWER BOND 0 0 0 1,772,942 9,660,707 2,348,981 661 2012 SEWER BOND 0 0 0 0 1,949,483 5,012,877 663 2013 SEWER BOND 0 0 0 0 0 0 664 2013A COST OF ISSUANCE FUND 0 0 0 0 0 81,279 670 CENTURY CENTER 3,192,009 2,831,792 3,157,167 2,678,401 3,740,014 3,362,598 671 CENTURY CENTER CAPITAL ACCOUNT 0 0 0 0 169,545 192,495 Total Enterprise Funds 74,460,068 75,348,774 74,145,059 86,579,570 89,188,333 86,866,246 12 City of South Bend Expenditure Summary - zuO8 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual Internal Service Funds 222 CENTRAL SERVICES 2,847,875 2,683,117 2,576,373 2,754,635 6,693,261 7,306,386 226 LIABILITY INSURANCE 2,084,540 2,301,379 2,946,631 2,302,324 2,173,471 3,069,761 278 TAKE HOME VEHICLE POLICE 0 0 320,762 8,164 75,842 63,700 711 SELF - FUNDED EMPLOYEE BENEFITS 10,528,854 11,114,857 10,032,616 11,572,529 12,500,734 13,923,392 713 UNEMPLOYMENT COMPENSATION FUND 0 0 0 226,891 193,066 65,443 Total Internal Service Funds 15,461,269 16,099,353 15,876,382 16,864,543 21,636,374 24,428,682 Trust Funds 701 FIREFIGHTERS PENSION 5,478,910 5,548,399 5,548,294 5,627,377 5,608,547 5,447,975 702 POLICE PENSION 6,115,087 6,097,952 6,251,596 6,696,139 6,606,662 6,474,836 730 CITY CEMETARY TRUST FUND 0 1,500 0 0 0 4,316 Total Trust Funds 11,593,997 11,647,851 11,799,890 12,323,516 12,215,209 11,927,127 Total City Funds 216,600,395 210,010,619 226,652,163 238,106,186 248,284,920 253,993,296 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 5,836,656 10,629,012 10,709,050 18,546,496 16,240,594 9,227,906 414 TIF DISTRICT - SAMPLE -EWING GEN'L 641,938 0 0 0 0 0 420 TIF DISTRICT - SBCDA GENERAL 4,537,039 4,231,348 4,788,263 6,535,311 7,147,163 3,697,473 422 TIF DISTRICT - WEST WASHINGTON 361,544 216,543 8,030 658,344 906,749 333,810 425 TIF LEIGHTON PLAZA 123,967 137,292 160,582 162,864 135,883 121,617 426 TIF CENTRAL MEDICAL SERVICE AREA 74,129 947 2,199,591 2,094,737 1,262,380 1,860,607 429 TIF NORTHEAST DISTRICT 0 1,500 7,744 36,795 38,788 60,517 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 282,515 24,844 490,752 2,235,661 2,247,813 4,376,766 431 TIF SSDA #2 - ERSKINE COMMONS 6,031 476,368 2,738,814 3,420,000 1,401,397 0 432 TIF SSDA #3 - ERSKINE VILLAGE 776,591 243,614 496,659 496,080 149,809 490,005 435 TIF DOUGLAS ROAD 13,926 1,180,252 586,723 270,424 318,183 190,718 13 City of South Bend Expenditure Summary - zuO8 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual 436 TIF NORTHEST RESIDENTIAL 0 0 0 2,391,373 897,251 3,218,420 Total Tax Increment Financing Funds 12,654,336 17,141,720 22,186,208 36,848,085 30,746,010 23,577,839 Redevelopment Funds 305 SBCDA BOND PROCEEDS - 2003 1,727,117 1,280,975 1,782,568 1,333,430 0 0 428 REDEVELOPMENT DISTRICT CAPITAL - AEDA2003 82,041 404,576 0 0 0 0 433 REDEVELOPMENT ADMINISTRATION GENERAL 17,189 3,551 36,141 5,071 3,213 5,798 438 COVELESKI BOND CONSTRUCTION 0 0 520,410 4,464,858 0 0 439 CERTIFIED TECHNOLOGY PARK 0 0 0 0 0 0 454 AIRPORT URBAN ENTERPRISE ZONE 0 571,164 343,590 58,322 0 0 619 BLACKTHORN GOLF COURSE OPERATIONS 2,180,892 2,148,499 2,103,301 2,152,477 2,331,825 1,745,117 Total Redevelopment Funds 4,007,239 4,408,765 4,786,010 8,014,158 2,335,038 1,750,915 Debt Service Funds 314 REDEV BOND - 1990 PUBLIC IMPROVEMENT 37,589 7,136 3,027 2,373 825,509 0 315 AIRPORT 2003 DEBT RESERVE 61,564 16,949 7,090 886,240 5,571 3,567 317 COVELESKI BOND DEBT RESERVE 0 0 0 0 0 0 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 36,470 8,742 3,627 2,827 658,420 326,464 328 SBCDA 2003 DEBT RESERVE 35,225 9,768 4,053 0 8,258 5,959 Total Debt Service Funds 170,848 42,595 17,797 891,440 1,497,758 335,990 Total Redevelopment Commission Funds 16,832,423 21,593,080 26,990,015 45,753,683 34,578,806 25,664,744 City Operations Total 233,432,818 231,603,699 253,642,178 283,859,869 282,863,726 279,658,040 Less: Internal Service Funds (15,461,269) (16,099,353) (15,876,382) (16,864,543) (21,636,374) (24,428,682) Net Expenditures 217,971,549 215,504,346 237,765,796 266,995,326 261,227,352 255,229,358 14 City of South Bend Expenditure Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual General Government Public Safety Economic Development Culture & Recreation Engineering/ Streets Water & Sewer Code & Sanitation Internal Service Building Department City Controlled Funds General Fund 101 GENERAL FUND 62,326,328 4,640,752 52,315,109 0 1,322,096 1,409,625 0 2,638,745 0 0 Special Revenue Funds 102 RAINY DAY FUND 0 0 0 0 0 0 0 0 0 0 103 EXCESS LEVY 0 0 0 0 0 0 0 0 0 0 201 PARKS & RECREATION 12,392,940 0 0 0 12,392,940 0 0 0 0 0 202 MOTOR VEHICLE HIGHWAY 7,729,988 0 0 0 0 7,729,988 0 0 0 0 203 RECREATION - NONREVERTING 896,201 0 0 896,201 0 0 0 0 0 0 209 STUDEBAKER/OLIVER REVERTING GRANTS 0 0 0 0 0 0 0 0 0 0 210 ECONOMIC DEVELOPMENT STATE GRANTS 807,570 0 0 807,570 0 0 0 0 0 0 211 CED OPERATING FUND 2,168,133 0 0 2,168,133 0 0 0 0 0 0 212 CED FUND 4,406,331 0 0 4,406,331 0 0 0 0 0 0 216 POLICE STATE SEIZURES 13,729 0 13,729 0 0 0 0 0 0 0 217 GIFT, DONATION, BEQUEST 0 0 0 0 0 0 0 0 0 0 218 POLICE CURFEW VIOLATIONS 0 0 0 0 0 0 0 0 0 0 220 LAW ENFORCEMENT CONTINUING EDUCATION 300,508 0 300,508 0 0 0 0 0 0 0 227 LOSS RECOVERY FUND 251,171 0 0 0 0 0 251,171 0 0 0 249 PUBLIC SAFETY L.O.I.T. 7,540,389 0 7,540,389 0 0 0 0 0 0 0 250 GENERAL GRANT 0 0 0 0 0 0 0 0 0 0 251 LOCAL ROADS & STREETS 781,866 0 0 0 0 781,866 0 0 0 0 252 EXCESS WELFARE DISTRIBUTION 0 0 0 0 0 0 0 0 0 0 258 HUMAN RIGHTS - FEDERAL GRANT 197,537 197,537 0 0 0 0 0 0 0 0 271 EASTRACE WATERWAY 0 0 0 0 0 0 0 0 0 0 273 MORRIS PAC /PALAIS ROYALE MARKETING 7,891 0 0 0 7,891 0 0 0 0 0 280 POLICE BLOCK GRANTS 0 0 0 0 0 0 0 0 0 0 281 ECONOMIC DEVELPMENT COMM - REV BONDS 0 0 0 0 0 0 0 0 0 0 289 HAZMAT 3,237 0 3,237 0 0 0 0 0 0 0 291 INDIANA RIVER RESCUE 89,770 0 89,770 0 0 0 0 0 0 0 292 POLICE GRANTS 56,454 0 56,454 0 0 0 0 0 0 0 294 REGIONAL POLICE ACADEMY 26,744 0 26,744 0 0 0 0 0 0 0 295 COPS MORE GRANT 17,014 0 17,014 0 0 0 0 0 0 0 299 POLICE FEDERAL DRUG ENFORCEMENT 144,750 0 144,750 0 0 0 0 0 0 0 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 0 0 0 0 0 0 0 0 0 0 655 POJECT RELEAF 357,767 0 0 0 0 357,767 0 0 0 0 705 POLICE K -9 UNIT 625 0 625 0 0 0 0 0 0 0 Total Special Revenue Funds 38,190,615 197,537 8,193,220 8,278,235 12,400,831 8,869,621 251,171 0 0 0 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 1,268,000 0 0 0 1,268,000 0 0 0 0 0 Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 8,296,495 0 8,296,495 0 0 0 0 0 0 0 377 PROFESSIONAL SPORTS DEVELOPMENT 876,470 0 0 0 876,470 0 0 0 0 0 401 COVELESKI STADIUM CAPITAL 0 0 0 0 0 0 0 0 0 0 403 ZOO ENDOWMENT 0 0 0 0 0 0 0 0 0 0 15 City of South Bend Expenditure Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual General Government Public Safety Economic Development Culture & Recreation Engineering/ Streets Water & Sewer Code & Sanitation Internal Service Building Department 404 COUNTY OPTION INCOME TAX 8,930,424 3,949,148 1,123,423 4,411 339,333 3,514,110 0 0 0 0 0 0 0 0 405 PARK NONREVERTING CAPITAL 148,214 0 0 0 148,214 0 406 CUMULATIVE CAPITAL DEVELOPMENT 602,118 0 602,118 0 0 0 0 0 0 0 407 CUMULATIVE CAPITAL IMPROVEMENT 367,575 0 0 0 367,575 0 0 0 0 0 408 ECONOMIC DEVELOPMENT INCOME TAX 7,927,361 3,993,859 741,522 160,142 32,559 2,700,000 0 299,279 0 0 409 CUMULATIVE SEWER 0 0 0 0 0 0 0 0 0 0 412 MAJOR MOVES CONSTRUCTION 1,253,680 0 0 626,600 0 627,081 0 0 0 0 416 MORRIS PERFORMING ARTS CENTER CAPITAL 41,405 0 0 0 41,405 0 0 0 0 0 434 CREED FUND 458,949 0 0 458,949 0 0 0 0 0 0 450 PALAIS ROYALE HISTORIC PRESERVATION 20,470 0 0 0 20,470 0 0 0 0 0 677 HALL OF FAME CAPITAL 63,137 0 0 0 63,137 0 0 0 0 0 Total Capital & Debt Service Funds 30,254,298 7,943,007 10,763,558 1,250,101 3,157,163 6,841,190 0 299,279 0 0 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 1,006,337 0 0 0 0 0 0 0 0 1,006,337 601 PARKING GARAGES 942,855 0 0 942,855 0 0 0 0 0 0 610 SOLID WASTE OPERATIONS 5,804,066 0 0 0 0 0 0 5,804,066 0 0 611 SOLID WASTE CAPITAL 712,375 0 0 0 0 0 0 712,375 0 0 620 WATER WORKS OPERATIONS 13,374,286 0 0 0 0 0 13,374,286 0 0 0 622 WATER WORKS CAPITAL 627,301 0 0 0 0 0 627,301 0 0 0 623 WATERWORKS BOND CAPITAL 5,006,757 0 0 0 0 0 5,006,757 0 0 0 624 WATER WORKS CUSTOMER DEPOSIT 4,901 0 0 0 0 0 4,901 0 0 0 625 WATERWORKS SINKING FUND 2,055,303 0 0 0 0 0 2,055,303 0 0 0 626 WATER WORKS BOND RESERVE 0 0 0 0 0 0 0 0 0 0 629 WATER WORKS RESERVE - O& M 6,927 0 0 0 0 0 6,927 0 0 0 640 SEWER REPAIR INSURANCE 351,024 0 0 0 0 0 351,024 0 0 0 641 SEWAGE WORKS OPERATIONS 28,828,365 0 0 0 0 0 28,828,365 0 0 0 642 SEWAGE WORKS CAPITAL 5,012,953 0 0 0 0 0 5,012,953 0 0 0 643 SEWAGE WORKS RESERVE - O& M 11,036 0 0 0 0 0 11,036 0 0 0 644 WATER LEAK INSURANCE FUND 0 0 0 0 0 0 0 0 0 0 645 2006 SEWER BOND 12 0 0 0 0 0 12 0 0 0 647 2007 SEWER BOND 17,942 0 0 0 0 0 17,942 0 0 0 649 SEWAGE WORKS BOND SINKING 9,516,963 0 0 0 0 0 9,516,963 0 0 0 650 CLAY SEWAGE WORKS OPERATIONS 698 0 0 0 0 0 698 0 0 0 651 2007B SEWER BOND 39,624 0 0 0 0 0 39,624 0 0 0 653 SEWAGE WORKS DEBT SERVICE RESERVE 2,438,087 0 0 0 0 0 2,438,087 0 0 0 658 2010 SEWER BOND 110,204 0 0 0 0 0 110,204 0 0 0 659 2011 SEWER BOND 2,348,981 0 0 0 0 0 2,348,981 0 0 0 661 2012 SEWER BOND 5,012,877 0 0 0 0 0 5,012,877 0 0 0 663 2013 SEWER BOND 0 0 0 0 0 0 0 0 0 0 664 2013A COST OF ISSUANCE 81,279 0 0 0 0 0 81,279 0 0 0 670 CENTURY CENTER 3,362,598 0 0 0 3,362,598 0 0 0 0 0 671 CENTURY CENTER CAPITAL ACCOUNT 192,495 0 0 0 192,495 0 0 0 0 0 Total Enterprise Funds 86,866,246 0 0 942,855 3,555,093 0 74,845,520 6,516,442 0 1,006,337 Internal Service Funds 222 CENTRAL SERVICES 7,306,386 0 0 0 0 0 0 0 7,306,386 0 226 LIABILITY INSURANCE 3,069,761 0 0 0 0 0 0 0 3,069,761 0 16 City of South Bend Expenditure Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual General Government Public Safety Economic Development Culture & Recreation Engineering/ Streets Water & Sewer Code & Sanitation Internal Service Building Department 278 TAKE HOME VEHICLE POLICE 63,700 0 0 0 0 0 0 0 0 0 0 0 0 0 63,700 0 711 SELF - FUNDED EMPLOYEE BENEFITS 13,923,392 0 13,923,392 0 713 UNEMPLOYMENT COMPENSATION FUND 65,443 0 0 0 0 0 0 0 65,443 0 Total Internal Service Funds 24,428,682 0 0 0 0 0 0 0 24,428,682 0 Trust Funds 701 FIREFIGHTERS PENSION 5,447,975 0 5,447,975 0 0 0 0 0 0 0 702 POLICE PENSION 6,474,836 0 6,474,836 0 0 0 0 0 0 0 730 CITY CEMETARY TRUST FUND 4,316 0 0 0 4,316 0 0 0 0 0 Total Trust Funds 11,927,127 0 11,922,811 0 4,316 0 0 0 0 0 Total City Funds 253,993,296 12,781,296 83,194,698 10,471,191 20,439,499 17,120,436 75,096,691 9,454,466 24,428,682 1,006,337 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE -AIRPORT 9,227,906 0 0 9,227,906 0 0 0 0 0 0 414 TIF DISTRICT - SAMPLE -EWING GEN'L 0 0 0 0 0 0 0 0 0 0 420 TIF DISTRICT - SBCDA GENERAL 3,697,473 0 0 3,697,473 0 0 0 0 0 0 422 TIF DISTRICT - WEST WASHINGTON 333,810 0 0 333,810 0 0 0 0 0 0 425 TIF LEIGHTON PLAZA 121,617 0 0 121,617 0 0 0 0 0 0 426 TIF CENTRAL MEDICAL SERVICE AREA 1,860,607 0 0 1,860,607 0 0 0 0 0 0 429 TIF NORTHEAST DISTRICT 60,517 0 0 60,517 0 0 0 0 0 0 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 4,376,766 0 0 4,376,766 0 0 0 0 0 0 431 TIF SSDA #2 - ERSKINE COMMONS 0 0 0 0 0 0 0 0 0 0 432 TIF SSDA #3 - ERSKINE VILLAGE 490,005 0 0 490,005 0 0 0 0 0 0 435 TIF DOUGLAS ROAD 190,718 0 0 190,718 0 0 0 0 0 0 436 TIF NORTHEST RESIDENTIAL 3,218,420 0 0 3,218,420 0 0 0 0 0 0 Total Tax Increment Financing Funds 23,577,839 0 0 23,577,839 0 0 0 0 0 0 Redevelopment Funds 305 SBCDA BOND PROCEEDS - 2003 0 0 0 0 0 0 0 0 0 0 428 REDEVELOPMENT DISTRICT CAPITAL - AEDA2003 0 0 0 0 0 0 0 0 0 0 433 REDEVELOPMENT ADMINISTRATION GENERAL 5,798 0 0 5,798 0 0 0 0 0 0 438 COVELESKI BOND CONSTRUCTION 0 0 0 0 0 0 0 0 0 0 439 CERTIFIED TECHNOLOGY PARK 0 0 0 0 0 0 0 0 0 0 454 AIRPORT URBAN ENTERPRISE ZONE 0 0 0 0 0 0 0 0 0 0 619 BLACKTHORN GOLF COURSE OPERATIONS 1,745,117 0 0 0 1,745,117 0 0 0 0 0 Total Redevelopment Funds 1,750,915 0 0 5,798 1,745,117 0 0 0 0 0 Debt Service Funds 314 REDEV BOND - 1990 PUBLIC IMPROVEMENT 0 0 0 0 0 0 0 0 0 0 315 AIRPORT 2003 DEBT RESERVE 3,567 0 0 3,567 0 0 0 0 0 0 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 326,464 0 0 326,464 0 0 0 0 0 0 328 SBCDA 2003 DEBT RESERVE 5,959 0 0 5,959 0 0 0 0 0 0 17 City of South Bend Expenditure Crosswalk - 2013 Actual Updated - February 2014 Fund Fund Name Total Actual General Government Public Safety Economic Development Culture & Recreation Engineering/ Streets Water & Sewer Code & Sanitation Internal Service Building Department Total Debt Service Funds 335,990 0 0 335,990 0 0 0 0 0 0 Total Redevelopment Commission Funds 25,664,744 0 0 23,919,627 1,745,117 0 0 0 0 0 City Operations Total 279,658,041 12,781,296 83,194,698 34,390,819 22,184,616 17,120,436 75,096,691 9,454,466 24,428,682 1,006,337 Less: Internal Sevice Funds (24,428,682) 0 0 0 0 0 0 0 (24,428,682) 0 Net Expenditures 255,229,359 12,781,296 83,194,698 34,390,819 22,184,616 17,120,436 75,096,691 9,454,466 0 1,006,337 Percent 100.00% 5.01% 32.60 ° /a 13.479/6 8.69 ° /a 6.71% 29.42% 3.700/6 0.00% 0.39% 18 City of South Bend General Fund Expenditure Summary - 2008 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual General Fund Departments Mayor 882,649 714,136 625,698 636,428 619,133 631,570 Board of Safety 14,639 450 0 0 0 0 311 Call Center 0 0 0 0 0 268,752 City Clerk 307,901 314,652 279,314 311,388 304,355 323,764 Common Council 597,272 316,114 294,613 296,742 379,017 348,921 Administration & Finance 1,621,827 1,242,295 1,253,734 1,420,841 1,560,874 1,803,645 Morris Performing Arts Center 839,309 884,145 820,438 878,897 913,867 925,137 Palais Royale Ballroom 483,361 403,142 328,956 305,476 327,142 396,959 Youth Services Bureau 75,000 0 0 0 0 0 Art Association 65,000 0 0 0 0 0 Studebaker Museum 185,527 68,721 0 0 0 0 Main Street Parking Garage Capital 55,000 0 0 0 0 0 Leighton Plaza Capital 42,840 7,550 0 0 0 0 Legal Department 902,796 766,549 724,752 871,701 772,965 895,789 Energy Office 0 11,109 84,977 424,219 472,239 54,256 Engineering 4,991,599 3,719,122 3,196,247 1,547,192 1,684,238 1,300,089 Building Maintenance 451,736 377,409 177,034 188,315 0 0 Traffic & Lighting 2,699,922 2,154,695 1,569,561 1,692,060 683,161 109,536 Police Department 25,995,629 24,992,890 24,956,529 23,693,019 24,605,342 22,509,527 Communications Center 1,518,609 1,474,704 1,772,300 1,890,970 1,957,028 2,060,643 Police Department - Public Safety LOIT funded 0 0 0 2,769,344 3,112,460 3,986,751 Fire Department 21,474,853 20,708,119 20,879,472 19,847,153 20,861,407 20,204,550 Fire Department - Public Safety LOIT funded 0 0 0 2,207,624 2,364,074 3,553,638 Community & Economic Development 887,564 867,911 0 0 0 0 Human Rights 299,164 279,671 252,273 254,956 275,176 314,055 Wayne Street Parking Garage Capital 0 16,450 0 0 0 0 Code Enforcement 1,315,028 1,249,904 1,392,316 1,470,347 1,799,389 1,990,564 Weights & Measures 40,693 41,668 0 0 0 0 Code Hearing Officer 44,352 15,844 46,218 44,848 46,231 38,977 Abandoned Vehicle 62,947 59,774 54,099 121,137 61,734 32,404 Unsafe Building 170,414 154,948 49,168 64,621 68,704 26,052 Animal Control 477,915 485,896 483,486 501,584 530,748 550,747 City of South Bend General Fund Expenditure Summary - 2008 to 2013 Updated - February 2014 Fund Fund Name 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual Total General Fund 66,503,546 61,327,868 59,241,185 61,438,862 63,399,284 62,326,328 Notes 2012 Administration & Finance budget includes gas contingency ($210,173) & salary contingency ($200,000) CED payment transferred to the EDIT fund. Art Association, Weights & Measures and Studebaker Museum payments were transferred to the COIT fund. City -wide expenses (i.e. street lights and telephone) were transferred from the Engineering budget to the COIT fund. Public Safety WIT revenue is collected in fund 249 and transferred to the General Fund to offset these costs. Energy Office was funded by a 100% federal stimulus grant. 1,200 1,000 800 600 400 200 0 Full -Time Employees: 2009 - 2013 2009 2010 2011 2012 2013 at December 31 21 • Parks & Rec Ad m & Other • Public Works • Public Safety 2009 2010 2011 2012 2013 Public Safety 566 589 586 575 579 Public Works 241 236 238 243 258 Adm & Other 198 194 195 186 181 Parks & Rec 111 113 114 114 113 Total 1116 1132 1133 1118 1131 21 • Parks & Rec Ad m & Other • Public Works • Public Safety 250 200 150 100 50 0 Part Time & Temporay Employees - December 31, 2013 Total 236 100.00% Other - City Attorney's Office and Department of Community Investment 22 �o Oo Total Activity Percent Parks & Recreation 122 59.56% Public Safety 45 17.49% Public Works 32 15.85% Morris /Palais 4 2.73% Administration /Finance 3 1.64% Code Enforcement 2 1.09% Other 28 1.64% Total 236 100.00% Other - City Attorney's Office and Department of Community Investment 22 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obliqor Ratinq Outlook 1 State of Indiana AAA STABLE 2 Boone Cnty _ AA+ STABLE 3 Brownsburg Town (Hendricks County) _ AA+ STABLE 4 Carmel _ AA+ STABLE 5 Carmel Clay Pub Lib _ AA+ STABLE 6 East Noble School Corporation _ _ AA+ STABLE 7 Hamilton Cnty AA+ STABLE 8 Hancock County _ AA+ STABLE 9 Marion County Health & Hospital Corporation _ _ AA+ STABLE 10 Westfield AA+ STABLE 11 South Bend _ AA STABLE 12 Clay Twp _ AA STABLE 13 Fishers _ AA STABLE 14 Hamilton East Public Library _ AA STABLE 15 Hancock County Public Library _ AA STABLE 16 Indianapolis _ AA STABLE 17 Indianapolis Brd of Sch Comr _ _ AA STABLE 18 Jasper AA STABLE 19 Noblesville _ AA STABLE 20 Noblesville Redev Comm AA STABLE 21 Carmel Clay Sch Corp AA STABLE 22 West Lafayette AA STABLE 23 Winfield Town AA STABLE 24 Bloomington AA- STABLE 25 Brown Cnty Sch Corp. AA- STABLE 26 Brownsburg Comnty Sch Corp AA- STABLE 27 Cass Cnty AA- STABLE 28 Clark County AA- STABLE 29 Clarksville AA- STABLE 30 Clarksville Comnty Sch Corp AA- STABLE 31 Columbus AA- STABLE 32 Crown Point Comnty Sch Corp AA- STABLE 33 Cumberland AA- STABLE 34 Daviess Cnty AA- STABLE 23 24 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 35 De Kalb Cnty Redev Comm AA- STABLE 36 DeKalb Cnty AA- STABLE 37 Elkhart Cnty _ _ AA- STABLE 38 Evansville Pk Dist AA- STABLE 39 Fort Wayne _ AA- STABLE 40 Fort Wayne Pk Dist _ _ AA- STABLE 41 Franklin Twp Comnty Sch Corp AA- STABLE 42 Hamilton Hgts Sch Corp _ AA- STABLE 43 Hamilton Southeastern Schs _ AA- STABLE 44 Hendricks Cnty _ AA- STABLE 45 Hussey - Mayfield Mem Pub Lib _ AA- STABLE 46 Jasper Cnty _ _ AA- STABLE 47 Johnson Cnty AA- STABLE 48 Knox Cnty _ _ AA- STABLE 49 Kosciusko Cnty AA- STABLE 50 Lake Cnty Pub Lib AA- STABLE 51 Lawrence Township AA- STABLE 52 Marshall Cnty Holding Corp _ AA- STABLE 53 Merrillville AA- STABLE 54 Monroe Cnty AA- STABLE 55 Mooresville Pub Lib AA- STABLE 56 North West Hendricks Sch Corp AA- STABLE 57 Northwest Allen County Schools AA- STABLE 58 Owen Cnty Pub Lib AA- STABLE 59 Penn - Harris - Madison Sch Corp AA- STABLE 60 Pike Twp Metro Sch Dist AA- STABLE 61 Plainfield Twn AA- STABLE 62 Porter Cnty AA- STABLE 63 Schererville Twn Wtrwks Dist AA- STABLE 64 Shelby Eastern Schs AA- STABLE 65 South Bend Comnty Sch Corp AA- STABLE 66 Southern Hancock Cnty Comnty Sch Corp AA- STABLE 67 Southwest Allen County Schools AA- STABLE 68 Town of Cedar Lake (Lake County) AA- STABLE 69 Town of St. John AA- STABLE 24 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 70 Tri -Creek Sch Corp AA- STABLE 71 Union Twp Sch Corp (Porter Cnty) AA- STABLE 72 Valparaiso _ _ AA- STABLE 73 Vanderburgh Cnty AA- NEGATIVE 74 Vigo County _ AA- STABLE 75 Warrick Cnty Redev Dist _ _ AA- STABLE 76 Warsaw AA- STABLE 77 Washington Twp _ AA- STABLE 78 Yorktown Comnty Schs _ AA- STABLE 79 Zionsville _ AA- STABLE 80 Zionsville Comnty Sch Corp _ AA- STABLE 81 Avon Comnty Sch Corp _ A+ STABLE 82 Bartholomew Cons Sch Corp _ _ A+ STABLE 83 Beech Grove City Schs A+ STABLE 84 Bluffton- Harrison Metro Sch Dist _ A+ STABLE 85 Brown Cnty Pub Lib _ A+ STABLE 86 Brownsburg Pub Lib Dist _ _ A+ NEGATIVE 87 Center Grove Comnty Sch Corp A+ STABLE 88 Clark- Pleasant Comnty Sch Corp _ _ A+ STABLE 89 Clay Comnty Schs A+ STABLE 90 Clay County _ A+ STABLE 91 Cloverdale Comnty Sch Corp A+ STABLE 92 Crawford Cnty Comnty Sch Corp A+ STABLE 93 Crawfordsville Comnty Sch Corp A+ STABLE 94 Crawfordsville Dist Pub Lib A+ STABLE 95 Crown Point Community Public Library A+ STABLE 96 Adams Center Community Schools A+ STABLE 97 Danville Comnty Sch Corp A+ STABLE 98 Decatur Cnty A+ STABLE 99 DeKalb Cnty Eastern Comnty Sch Dist A+ STABLE 100 Delaware Comnty Sch Corp A+ STABLE 101 Duneland Sch Corp A+ STABLE 102 Dyer A+ STABLE 103 East Allen Cnty Schs A+ STABLE 104 Eastbrook Comnty Sch Corp A+ STABLE 25 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 105 Eastern Hancock Cnty Comnty Sch Corp A+ STABLE 106 Eastern Howard School Corporation A+ STABLE 107 Elkhart _ A+ STABLE 108 Evansville - Vanderburgh Pub Lib _ _ A+ STABLE 109 Fairfield Comnty Schs A+ STABLE 110 Fort Wayne Comnty Schs _ A+ STABLE 111 Franklin _ A+ STABLE 112 Franklin Cnty Comnty Sch Corp _ _ A+ STABLE 113 Franklin Comnty Sch Corp A+ STABLE 114 Fulton Cnty _ _ A+ STABLE 115 Goshen Comnty Schs _ A+ STABLE 116 Greene Cnty A+ STABLE 117 Greenfield Cent Comnty Sch Corp _ A+ STABLE 118 Greensburg _ _ A+ STABLE 119 Greensburg Comnty Schs A+ STABLE 120 Greenwood Comnty Sch Corp _ A+ STABLE 121 Griffith _ A+ STABLE 122 Hanover Comnty Sch Corp _ _ A+ STABLE 123 Highland A+ STABLE 124 Highland San Dist _ A+ STABLE 125 Highland Sch Twn A+ STABLE 126 Hobart A+ STABLE 127 Jackson County A+ STABLE 128 Jasper Cnty Pub Lib A+ STABLE 129 Jay Cnty A+ STABLE 130 Jeffersonville A+ STABLE 131 Kankakee Vy Sch Corp A+ STABLE 132 Kendallville Pub Lib A+ STABLE 133 Kokomo Ctr Twp Cons Sch Corp A+ STABLE 134 La Porte A+ STABLE 135 Lafayette A+ STABLE 136 LaGrange Cnty Pub Lib A+ NEGATIVE 137 Lakeland Sch Corp A+ STABLE 138 Lebanon A+ STABLE 139 Lebanon Comnty Sch Corp A+ STABLE 26 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 140 Maconaquah Sch Corp A+ STABLE 141 Madison Cons Schs A+ STABLE 142 Madison -Grant United Sch Corp _ _ A+ STABLE 143 Marion Comnty Schs _ A+ STABLE 144 Merrillville Comnty Sch Corp A+ STABLE 145 Michigan City _ A+ STABLE 146 Middlebury Comnty Schs _ A+ STABLE 147 Mishawaka _ A+ STABLE 148 Monroe Cnty Comnty Sch Corp _ A+ STABLE 149 Mooresville Cons Sch Corp _ _ A+ STABLE 150 New Albany _ A+ STABLE 151 New Albany -Floyd Cnty Cons Sch Corp A+ STABLE 152 New Carlisle -Olive Twp Pub Lib _ A+ STABLE 153 New Castle -Henry Cnty Pub Lib _ A+ STABLE 154 New Haven _ A+ STABLE 155 Nineveh - Hensley- Jackson United Sch Corp _ _ A+ STABLE 156 Noble Cnty Pub Lib A+ STABLE 157 Noblesville Schools _ A+ STABLE 158 North Gibson Sch Corp _ A+ STABLE 159 North Harrison Comnty Sch Corp _ _ A+ NEGATIVE 160 North Knox Sch Corp _ A+ STABLE 161 North Montgomery Comnty Sch Corp A+ STABLE 162 North Newton Sch Corp A+ STABLE 163 North Posey Cnty Metro Sch Dist A+ STABLE 164 North Posey Multi Sch Bldg Corp A+ STABLE 165 North Putnam Comnty Sch Corp A+ STABLE 166 North Spencer Cnty Sch Corp A+ STABLE 167 Northern Wells Community Schools A+ � STABLE 168 Northwestern Cons Sch Dist A+ STABLE 169 Orleans Comnty Schs A+ STABLE 170 Pendleton -Fall Creek Board of Parks and Recreation A+ STABLE 171 Perry Twp Metro Sch Dist A+ STABLE 172 Plainfield - Guilford Twp Pub Lib A+ STABLE 173 Portage A+ STABLE 174 Porter Cnty Pub Lib Sys A+ STABLE 27 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 175 Portland A+ STABLE 176 Pulaski Cnty A+ STABLE 177 Putnam Cnty _ _ A+ STABLE 178 Randolph Cnty A+ STABLE 179 Rensselaer Cent Sch Corp _ _ A+ STABLE 180 Saint Joseph County _ A+ STABLE 181 Schererville Town A+ STABLE 182 Seymour _ A+ STABLE 183 Shelbyville Cent Schs _ A+ STABLE 184 Smith -Green Comnty Schs _ _ A+ STABLE 185 Southeast Dubois Cnty Sch Corp. _ A+ STABLE 186 Southeast Fountain Sch Corp A+ STABLE 187 Southwest Dubois Cnty Sch Corp _ _ A+ STABLE 188 Southwest Parke Comnty Sch Corp A+ STABLE 189 Speedway _ A+ STABLE 190 St Joseph Cnty Arpt Auth _ A+ STABLE 191 St Joseph Cnty Pub Lib _ A+ STABLE 192 Starke County _ A+ STABLE 193 Tell City -Troy Twp Sch Corp. A+ STABLE 194 Tippecanoe Cnty Pub Lib _ A+ STABLE 195 Tippecanoe Sch Corp A+ STABLE 196 Tippecanoe Valley School Corporation _ A+ STABLE 197 Tri -Cnty Sch Corp A+ STABLE 198 Union Cnty -Coll Corner Jt Sch Dist A+ STABLE 199 Union Sch Corp A+ STABLE 200 Valparaiso Comnty Sch Corp A+ NEGATIVE 201 Vincennes A+ STABLE 202 Vincennes Comnty Sch Corp A+ STABLE 203 Warren Twp Metro Sch Dist A+ STABLE 204 Washington Twp Metro Sch Dist A+ STABLE 205 Wawasee Comnty Sch Corp A+ STABLE 206 lWayne Twp Metro Sch Dist A+ STABLE 207 Western Boone Cnty Comnty Sch Corp A+ STABLE 208 Western Sch Corp A+ STABLE 209 Whitley Cnty A+ STABLE 28 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 210 Whitley Cnty Cons Schs A+ STABLE 211 Winchester A+ STABLE 212 Yorktown A+ STABLE 213 Batesville Comnty Sch Corp A STABLE 214 Bedford A STABLE 215 Beech Grove Pub Lib A STABLE 216 Brown Cnty A STABLE 217 Carnegie Pub Lib of Steuben Cnty A STABLE 218 Center Twp A STABLE 219 Centerville & Ctr Twp Pub Lib Bldg Corp A STABLE 220 Clinton Cent Sch Corp A STABLE 221 Clinton Prairie Sch Corp A STABLE 222 Culver Comnty Schs Corp A STABLE 223 DeKalb Cnty Cent United Sch Dist A STABLE 224 Elkhart Comnty Schs A STABLE 225 Elwood A STABLE 226 Evansville - Vanderburgh Sch Corp A STABLE 227 Fayette Cnty A NEGATIVE 228 Fayette Cnty Sch Corp A STABLE 229 Garrett - Keyser - Butler Comnty Sch Dist A STABLE 230 Goshen A STABLE 231 Hammond A STABLE 232 Hammond San Dist A STABLE 233 Henry Cnty A STABLE 234 Huntington Cnty Comnty Sch Corp A STABLE 235 Jefferson Cnty A STABLE 236 Jennings Cnty A STABLE 237 Lafayette Sch Corp A STABLE 238 Lake Cnty Pk Dist A STABLE 239 Manchester Comnty Sch A STABLE 29 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 240 Merrillville Conservancy Dist A STABLE 241 Muncie Pub Lib A STABLE 242 Munster Twn A STABLE 243 New Durham Twp Metro Sch Dist Sch Corp A STABLE 244 North Lawrence Comnty Schs A STABLE 245 North Vermillion Comnty Sch Corp A STABLE 246 Northeast Dubois Cnty Sch Corp. A STABLE 247 Orange Cnty A STABLE 248 Pendleton Comnty Lib Bldg Corp A STABLE 249 Perry County A STABLE 250 Peru Comnty Sch Corp A STABLE 251 Porter Twp Sch Corp A STABLE 252 Richmond A STABLE 253 Salem Comnty Sch Corp A STABLE 254 Seymour Comnty Sch Corp A STABLE 255 South Dearborn Comnty Sch Corp A STABLE 256 South Henry Sch Corp A STABLE 257 South Putnam Comnty Sch Corp A STABLE 258 Southwestern Cons Sch Dist of Shelby Cnty A STABLE 259 Spencer -Owen Comnty Schs A STABLE 260 Starke County Public Library A STABLE 261 Steuben Cnty Metro Sch Dist A STABLE 262 Twin Lakes Sch Corp A STABLE 263 Wabash City Schs A STABLE 264 Wabash County Metropolitan School District A STABLE 265 West Lafayette Pub Lib Dist A STABLE 266 Western Wayne Schs A STABLE 267 Westfield - Washington Pub Lib A STABLE 268 Whiting San Dist A STABLE i%7 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 269 Whitko Comnty Sch Corp A STABLE 270 Anderson A- STABLE 271 Anderson San Dist A- STABLE 272 Blue River Vy Sch Corp A- STABLE 273 Buck Creek Twp A- POSITIVE 274 Greater Clark Cnty Sch Corp A- STABLE 275 Greencastle Comnty Sch Corp A- STABLE 276 Greenwood Pub Lib A- STABLE 277 Hammond City Sch A- STABLE 278 Lake Central Sch Corp A- POSITIVE 279 Lake Station Comnty Sch Corp A- STABLE 280 Lawrence A- NEGATIVE 281 Lawrence Twp Metro Sch Dist A- STABLE 282 Marion A- STABLE 283 Northwestern Sch Corp A- STABLE 284 Princeton A- STABLE 285 Randolph Cent Sch Corp. A- STABLE 286 South Montgomery Comnty Sch Corp A- STABLE 287 Southwest Sch Corp A- STABLE 288 Valparaiso Pk & Recre Dist A- STABLE 289 Warsaw Comnty Pub Lib A- STABLE 290 Washington County A- NEGATIVE 291 Westfield Washington Schools A- NEGATIVE 292 Damon Run Conservancy Dist BBB+ STABLE 293 Richland- Bean Blossom Comnty Sch Corp BBB+ NEGATIVE 294 Terre Haute San Dist BBB+ STABLE 295 Washington Comnty Sch Inc BBB+ STABLE 296 Mount Vernon Comnty Sch Corp BBB STABLE 297 Munster Schs BBB STABLE 31 Standard & Poor's General Obligation /General Obligation Equivilant Ratings of Indiana Local Governments as of January 3, 2014 Obligor Rating Outlook 298 Pike Cnty Sch Corp BBB- NEGATIVE 299 East Chicago BB STABLE 32