HomeMy WebLinkAbout2015 Statistical SectionCITY OF SOUTH BEND, INDIANA
STATISTICAL INFORMATION
DECEMBER 31, 2015
City of South Bend, Indiana
Statistical Information
For The Year Ending December 31, 2015
Table of Contents
Financial Trends ............................................................................................................................ 4
Net Position by Component – Last Ten Years ........................................................................... 5
Changes in Net Position – Last Ten Years ................................................................................ 6
Fund Balances, Governmental Funds – Last Ten Years ........................................................... 7
Changes in Fund Balances, Governmental Funds – Last Ten Years ........................................ 8
Revenue Capacity .......................................................................................................................... 9
Property Tax Levies and Collections – Last Ten Years ........................................................... 10
Direct and Overlapping Property Tax Rates – Last Ten Years ................................................ 11
Detail of Net Assessed Valuation – For Year 2014 Payable 2015 .......................................... 12
Assessed Value and Actual Value of Taxable Property – Last Ten Years .............................. 13
Net Assessed Value of Taxable Property – Last Ten Years .................................................... 14
Assessed Value of Taxable Property – Last Ten Years .......................................................... 15
Property Tax Collections – Cash Basis – Last Ten Years ....................................................... 16
Circuit Breaker Property Tax Cap Credit ................................................................................. 17
Principal Property Taxpayers – Current and Nine Years Ago ................................................. 18
Local Option Income Tax Revenue – Last Ten Years (CEDIT) ............................................... 19
Local Option Income Tax Revenue – Last Ten Years (COIT) ................................................. 20
Local Option Income Tax Revenue – Last Ten Years (PS LOIT) ............................................ 21
Total County Option Income Tax Distributions by Taxing Unit – Last 10 Years ...................... 22
Ten Largest Water Customers – December 31, 2015 ............................................................. 23
Ten Largest Sewage Works Customers – December 31, 2015 .............................................. 24
Gasoline Tax Collections – Cash Basis – Last Ten Years ...................................................... 25
Wheel and Excise Surtax Collections – Cash Basis – Last Ten Years ................................... 26
Hotel / Motel Tax Revenue – Cash Basis – Last Ten Years .................................................... 27
Professional Sports Development Tax – Cash Basis – Last Ten Years .................................. 28
Cable Television Franchise Fee Collections – Cash Basis – Last Ten Years ......................... 29
Debt Capacity ............................................................................................................................. 30
Computation of Legal Debt Margin – December 31, 2015…………………………………… .... 31
Legal Debt Margin Information – Last Ten Years……………… .............................................. 32
Ratios of Outstanding Debt by Type – Last Ten Years ........................................................... 33
Computation of Direct and Overlapping Debt – December 31, 2015 ...................................... 34
Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to
Total General Governmental Expenditures – Last Ten Years ........................................... 35
Ratio of Net General Obligation Bonded Debt to Assessed Value and Net Bonded Debt
Per Capita – Last Ten Years ............................................................................................. 36
Saint Joseph County Hotel/Motel Tax Board – Statement of Estimated Cash Flow and
Debt Service Coverage ..................................................................................................... 37
Schedule of Revenue Bond Coverage – Water Utility Bonds – Last Ten Years ..................... 38
Schedule of Revenue Bond Coverage – Wastewater Utility Bonds – Last Ten Years ............ 39
Annual Wastewater Flow Data and Number of Customers ..................................................... 40
Statement of City-Owned Utility Debt ...................................................................................... 41
Estimated Debt Service Coverage Calculation of Sewage Works ........................................... 42
Estimated Debt Service Coverage Calculation of Water Utility ............................................... 43
Projected COIT Revenues ....................................................................................................... 44
Projected CEDIT Revenues ..................................................................................................... 45
Statement of Estimated Cash Flow and Debt Service Coverage - COIT ................................ 46
Statement of Estimated Cash Flow and Debt Service Coverage - CEDIT .............................. 47
Estimated Tax Increment Revenue – Erskine Village Project ................................................. 48
2
City of South Bend, Indiana
Statistical Information
For The Year Ending December 31, 2015
Table of Contents
STATISTICAL SECTION (Continued)
Demographic and Economic Information .................................................................................. 49
Demographic Statistics – Last Ten Years ........................................................................... 50-51
Employment by Type and Industry – Last Ten Years .............................................................. 52
Comparison of Growth Rates in Personal Income for St. Joseph County,
The State of Indiana and U.S. Personal Income ............................................................... 53
Principal Employers – Current and Nine Years Ago – December 31, 2015 ............................ 54
Operating and Other Information ................................................................................................ 55
Operating Indicators by Function/Program – Last Ten Fiscal Years ....................................... 56
Capital Asset and Infrastructure Statistics by Function/Program – Last Ten Years ................ 57
New Construction – Number of Permits and Property Values – Last Ten Years .................... 58
Full-Time Equivalent City Government Employees by Department – Last Ten Years ............ 59
Salary Rate Comparison – 1990 to 2015 ................................................................................. 60
Insurance Coverage – 2015 .................................................................................................... 61
Financial Institutions – Last Ten Years .................................................................................... 62
Miscellaneous Statistics – December 31, 2015 .................................................................. 63-64
3
FINANCIAL TRENDS
These schedules contain trend information to help the reader understand
how the City of South Bend’s financial position and performance have
changed over time.
4
City of South Bend, Indiana
Net Position by Component
Last Ten Fiscal Years
2006 (1)2007 20 08 2009 20 10 2011 2012 2013 2014 (2)2015 (2)
Governme ntal ac tivities
Invested i n capital assets, ne t o f related debt 208,50 9,577$ 200,634,9 54$ 178,178,047$ 178,483,53 5$ 186,771,2 16$ 19 6,265,413$ 202,779,95 4$ 1 92,190,446$ 168,275,521$ 15 7,604,691$
Restricted 5,225,642 5,370,627 1 1,077,687 12,825,22 7 8,84 0,610 9,354,772 8,0 50,418 7,990,172 8,72 3,878 9,137,552
Unrestrict ed 24,900,036 47,150,2 29 5 6,786,214 82,877,69 5 96,53 9,932 82,271,482 71,9 92,457 86,413,227 (18,58 1,970) (25,882,348)
Tot al gover nmental activities net posit ion 2 38,635,255$ 253,155,8 10$ 24 6,041,948$ 274,186,45 7$ 292,151,758$ 28 7,891,667$ 282,8 22,829$ 286,593,845$ 158,41 7,429$ 14 0,859,895$
Bu siness-type act ivi ties
Inv ested i n c apital assets, ne t o f related debt 97,670,533 112,194,4 51 12 4,705,327 119,607,64 3 122,108,095 10 3,463,004 113,1 93,929 114,506,252 136,68 5,811 14 1,998,384
Res tricted 22,535,858 8,273,257 8,630,542 14,075,33 9 13,32 0,967 12,937,988 29,2 59,933 48,267,664 26,58 7,012 28,397,290
Unrestrict ed 7,168,852 15,793,782 9,209,917 12,597,13 8 19,26 2,192 45,733,630 26,9 57,505 7,906,258 22,42 6,017 24,415,739
Tot al busi ness-type activiti es net pos iti on 1 27,375,243$ 136,261,4 90$ 14 2,545,786$ 146,280,12 0$ 154,691,254$ 16 2,134,622$ 169,4 11,367$ 170,680,174$ 185,69 8,840$ 19 4,811,413$
P ri mary governme nt
Inv ested i n c apital assets, net o f related debt 3 06,180,110 312,829,4 05 30 2,883,374 298,091,17 8 308,879,311 29 9,728,417 315,9 73,883 306,696,698 304,96 1,332 29 9,603,075
Restricted 27,761,500 13,643,8 84 1 9,708,229 26,900,56 6 22,161,577 2 2,292,760 37,3 10,351 56,257,836 35,31 0,890 3 7,534,842
Unrestrict ed 32,068,888 62,944,0 11 6 5,996,131 95,474,83 3 115,802,1 24 12 8,005,112 98,9 49,962 94,319,485 3,84 4,047 (1,466,6 09)
Total prima ry government net posi tion 366,01 0,498$ 389,417,3 00$ 388,587,734$ 420,466,57 7$ 446,843,0 12$ 45 0,026,289$ 452,234,19 6$ 457,274,019$ 344,116,269$ 33 5,671,308$
Sou rce - City of S outh Ben d C omp rehen sive A nnua l Finan c i a l Re por ts (incl udes prior per i od adj ustmen ts
(1) Th e City implemented the retroactive repor t i n g of i n frastructure a s sets r e q ui red by GASB Statement No. 34 dur i n g 2006.
(2) Th e City implemented the reporting of n e t p ens i o n l iability through GASB 68 during 2 0 1 5. 2014 was restated.
Net po sition is defined as the differ e nc e betw e en total ass ets and deferr e d outflow s o f resources less t otal l iab ilities and defer red infl ows of res ources and can gener a l ly be t h o u ght of as the net worth o f t he C ity of South B end.
5
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Expenses
Governmental activities:
General Government(17,194,920)$ (13,680,203)$ (10,253,389)$ (7,903,378)$ (8,261,861)$ (16,783,351)$ (13,788,310)$ (13,200,898)$ (19,013,453)$ (21,572,776)$
Public Safety(56,600,175)(52,751,974)(49,728,256)(50,800,573)(62,106,991)(73,530,442)(69,977,237)(76,023,819)(68,783,155)(56,528,448)
Highways and Streets(21,813,189)(17,904,129)(22,292,012)(15,042,344)(9,526,537)(7,574,003)(14,639,158)(20,915,815)(13,031,500)(20,045,444)
Health and Welfare(114,131)(75,000)(75,000)- - - - - - -
Community and Economic Development(18,813,636)(18,206,948)(27,299,233)(4,335,618)(30,744,012)(34,648,975)(20,217,987)(10,069,690)(19,780,791)(40,727,612)
Culture and Recreation(14,994,300)(16,454,667)(18,311,807)(17,981,839)(16,036,194)(15,566,794)(21,724,589)(26,846,471)(16,802,311)(20,300,768)
Bond Issuance Costs- - - - - - - - - (372,432)
Interest on Long-Term Debt(5,841,032)(5,859,102)(7,080,166)(8,049,610)(7,339,548)(6,798,531)(6,134,406)(5,961,124)(2,497,849)(4,762,714)
Total governmental activities expenses(135,371,383)$ (124,932,023)$ (135,039,863)$ (104,113,362)$ (134,015,143)$ (154,902,096)$ (146,481,687)$ (153,017,817)$ (139,909,059)$ (164,310,194)$
Business-type activities:
Water(11,916,504)(13,061,750)(13,492,744)(12,584,679)(12,525,246)(11,972,840)(12,228,014)(15,221,865)(13,020,610)(13,609,378)
Wastewater(16,972,401)(18,295,813)(23,020,991)(27,047,143)(21,403,663)(22,260,005)(23,809,975)(26,390,790)(25,521,753)(25,737,867)
Century Center(3,355,531)(3,490,103)(3,562,285)(3,488,266)(2,989,586)(3,100,484)(2,929,268)(4,330,656)(4,747,838)(4,854,747)
Consolidated Building Department (1)(1,102,164)(1,090,327)(1,108,940)(1,113,867)(930,120)(871,299)(909,376)(1,131,815)(3,242,320)(3,552,347)
Parking Garage(1,261,942)(1,444,146)(1,466,200)(1,471,960)(1,438,288)(1,467,646)(1,721,655)(1,285,056)(1,660,596)(2,139,182)
Solid Waste(4,187,706)(4,072,910)(4,299,846)(4,036,001)(4,204,056)(4,962,157)(5,118,806)(5,091,588)(5,811,526)(5,243,972)
Blackthorn Golf Course(1,811,757)(1,811,801)(1,829,122)(1,881,982)(1,995,556)(1,689,042)(1,841,998)(1,497,513)(1,874,962)(165,977)
Emergency Medical Services (2)- - - - - - - - - (6,596,206)
Total business-type activities net expenses(40,608,005)(43,266,850)(48,780,128)(51,623,898)(45,486,515)(46,323,473)(48,559,092)(54,949,283)(55,879,605)(61,899,676)
Total primary government net position(175,979,388)$ (168,198,873)$ (183,819,991)$ (155,737,260)$ (179,501,658)$ (201,225,569)$ (195,040,779)$ (207,967,100)$ (195,788,664)$ (226,209,870)$
Governmental activities:
Charges for services:
General Government$6,883,104$6,553,121$6,647,223$6,855,830$6,964,269$1,165,018$2,100,103$1,939,865$1,451,438$1,188,531
Public Safety 5,132,285 4,228,405 5,035,433 5,051,827 4,916,958 4,096,566 5,079,182 5,210,272 4,992,228 529,386
Highways and Streets 44,250- - 5,152 28,110 227,000 291,840 451,363 728,343 676,429
Community and Economic Development 562,807 604,873 636,722 332,454 283,420 683,503 271,366 444,839 485,938 408,654
Culture and Recreation 4,940,629 5,057,076 5,300,818 5,063,896 4,995,049 4,681,536 5,224,543 5,112,019 3,815,920 3,726,359
Operating Grants and Contributions 12,452,463 15,628,287 11,356,682 12,199,444 29,467,573 32,091,246 24,937,596 21,466,622 3,203,805 2,813,481
Capital Grants and Contributions 13,793,363 960,502 1,176,783 780,137 1,472,233 2,328,468 2,468,120 1,867,213- -
Total governmental activities program revenue 43,808,901 33,032,264 30,153,661 30,288,740 48,127,612 45,273,337 40,372,750 36,492,193 14,677,672 9,342,840
Business-type activities:
Charges for services:
Water 14,757,819 15,336,891 14,926,833 14,151,289 14,194,442 14,080,592 15,409,171 15,102,462 14,373,176 14,204,285
Wastewater 18,725,903 21,349,401 23,567,973 25,012,163 26,001,156 29,407,263 30,657,698 32,474,743 34,009,117 36,638,804
Century Center 3,113,264 3,371,553 3,370,802 2,873,966 2,869,010 2,894,913 2,680,076 3,463,813 2,227,171 4,202,564
Consolidated Building Department 1,039,405 1,078,258 1,169,788 977,050 875,481 899,397 1,000,381 967,667 1,387,571 2,037,950
Parking Garage 799,350 861,307 1,003,889 1,070,519 1,047,784 1,071,078 921,044 968,868 1,017,218 968,417
Solid Waste 4,177,897 4,187,821 4,343,120 4,759,530 4,745,547 4,830,342 5,081,991 5,399,044 5,295,712 5,364,871
Blackthorn Golf Course 1,565,649 1,512,150 1,493,519 1,557,951 1,479,415 1,392,999 1,669,372 1,530,402 1,548,341 109,949
Emergency Medical Services- - - - - - - - - 6,470,446
Operating Grants and Contributions- - - - - - - - - -
Capital Grants and Contributions 1,413,861 1,253,332 1,209,380 4,038,412 1,889,165 4,291,731 2,010,253 697,916 95,834 4,683,424
Total business-type activities program revenue 45,593,148 48,950,713 51,085,304 54,440,880 53,102,000 58,868,315 59,429,986 60,604,915 59,954,140 74,680,710
Total primary government program revenues 89,402,049$ 81,982,977$ 81,238,965$ 84,729,620$ 101,229,612$ 104,141,652$ 99,802,736$ 97,097,108$ 74,631,812$ 84,023,550$
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Net (Expense)/Revenue
Governmental activities(81,123,122)$ (102,007,599)$ (73,959,701)$ (103,726,403)$ (106,774,484)$ 45,273,337$ (106,108,937)$ (116,525,624)$ (125,231,387)$ (154,967,354)$
Business-type activities 2,326,298 170,585(538,594)8,954,365 6,778,527 58,868,315 10,870,894 5,655,632 4,074,535 12,781,034
Total primary government net expense(78,796,824)$ (101,837,014)$ (74,498,295)$ (94,772,038)$ (99,995,957)$ 104,141,652$ (95,238,043)$ (110,869,992)$ (121,156,852)$ (142,186,320)$
General Revenues and Other Changes in Net Position
Governmental activities:
Taxes
Property taxes$68,256,602$77,120,683$76,109,499$73,882,128$77,315,641$76,445,349$71,775,415$72,018,650$69,221,468$72,032,049
County Option Income Tax 6,410,405 8,072,623 5,813,846 10,270,179 11,502,052 13,219,723 13,748,824 13,739,325 15,025,840 14,847,338
Economic Development Income Tax 4,013,475 4,681,134 3,788,754 4,536,245 7,335,113 8,044,773 8,324,878 8,177,352 8,796,821 9,031,709
Professional Sports Development Tax 336,281 435,791 453,268 522,788 597,406 558,268 633,904 649,996 588,054 628,261
Community Revitalization District Tax 1,000,000 1,000,000 955,315 605,623 416,149 733,100 653,185 244,623-
Unrestricted Grants and Contributions 5,063,541 4,032,300 5,664,011 7,597,883 4,883,081 3,964,336 3,891,810 5,893,924 28,473,888 25,487,112
Unrestricted Investment earnings 4,762,484 6,247,113 4,961,410 859,135 868,023 1,050,768 1,317,443 762,270 951,901 1,322,674
Other 3,520,138 5,016,902 2,007,821 2,781,368 2,627,341 3,483,054 6,623,313 14,285,314 6,747,199 11,214,442
Transfers 44,200 3,735 34,970(645,992)(648,823)3,041,176 3,879,721 4,525,187(683,049)2,846,415
Total governmental activities 93,407,126 106,610,281 99,788,894 100,409,357 104,895,983 110,540,547 110,848,493 120,296,641 129,122,122 137,410,000
Business-type activities:
Unrestricted Investment earnings 906,056 1,301,348 1,514,287 271,360 146,826 206,409 285,572 138,362 128,168 358,918
Other- - - - - - - - 1,501,664-
Transfers(44,200)(3,735)(34,970)645,992 648,823(3,041,176)(3,879,721)(4,525,187)683,049(2,846,415)
Total business-type activities 861,856 1,297,613 1,479,317 917,352 795,649(2,834,767)(3,594,149)(4,386,825)2,312,881(2,487,497)
Total primary government 94,268,982$ 107,907,894$ 101,268,211$ 101,326,709$ 105,691,632$ 107,705,780$ 107,254,344$ 115,909,816$ 131,435,003$ 134,922,503$
Special Item (Governmental activities):
Well field contamination settlement- - 4,462,214- - - - - - -
Disposal of operations- - - - - - - - - (1,180,964)
Change in Net Position
Governmental activities(8,600,473)32,650,580 524,705(6,365,127)150,169,320 911,788 4,739,556 3,771,016 3,890,735(17,557,354)
Business-type activities 1,032,441 759,019 10,433,682 7,695,879 59,663,964 9,710,075 7,276,745 1,268,807 6,387,416 9,112,573
Total primary government(7,568,032)$ 33,409,599$ 10,958,387$ 1,330,752$ 209,833,284$ 10,621,863$ 12,016,301$ 5,039,823$ 10,278,151$ (8,444,781)$
Excludes prior period adjustments
Source : City of South Bend Comprehensive Annual Financial Reports
Changes in net assets is defined as the incremental difference between total assets and total liabilities as a result of operations during the fiscal year.
(1) In 2014, Code Enforcement and Animal Care and Control were consolidated with the Building Department to build efficiencies. Prior to 2014, these expenses were included in the general government activities.
(2) In 2015, Emergency Medical Services was reclassified to an enterprise fund.
Last Ten Fiscal Years
Changes in Net Position
City of South Bend, Indiana
6
City of South Bend, Indiana
Fund Balances, Governmental Funds
Last Ten Fiscal Years
2006 2007 2008 2009 2010 2011 (1)2012 2013 2014 2015
General fund
Reserved 4,162,853$ 2,213,970$ 3,245,271$ 1,516,159$ 1,824,454$ -$ -$ -$ -$ -$
Unreserved 21,688,442 21,546,783 24,171,313 23,102,296 26,912,688- - - - -
Nonspendable- - - - - 1,115,025 958,341 656,848 558,304 491,665
Restricted- - - - - 327,267 - - - -
Committed- - - - - - - - - -
Assigned - - - - - 255,287 165,389 516,506 - 466,088
Unassigned- - - - - 26,233,637 27,671,353 26,495,559 27,029,101 29,664,303
Total - General Fund 25,851,295$ 23,760,753$ 27,416,584$ 24,618,455$ 28,737,142$ 27,931,216$ 28,795,083$ 27,668,913$ 27,587,405$ 30,622,056$
Other Governmental Funds
Reserved 34,251,520 36,374,517 60,213,915 56,819,802 62,230,229 - - - - -
Unreserved, reported in:
Special revenue funds 19,348,846 25,703,180 32,054,329 36,398,024 31,996,398 - - - - -
Capital projects funds 60,447,079 66,593,906 87,571,056 78,214,132 85,237,947 - - - - -
Debt service funds(7,828) - - - - - - - - -
Nonspendable- - - - - 37,036,839 37,706,861 22,828,476 20,537,450 27,042,236
Restricted- - - - - 44,754,037 78,326,567 95,387,879 100,501,274 113,004,506
Committed- - - - - 11,829,074 11,142,045 20,697,026 12,962,745 2,238,475
Assigned- - - - - 77,460,284 35,180,652 35,455,190 35,147,874 32,138,059
Unassigned- - - - - (2,777,374) (4,219,066) (4,852,169) (5,700,829) (4,218,596)
Total - Other Governmental Funds 114,039,617 128,671,603 179,839,300 171,431,958 179,464,574 168,302,860 158,137,059 169,516,402 163,448,514 170,204,680
Grand Total - Governmental Funds 139,890,912$ 152,432,356$ 207,255,884$ 196,050,413$ 208,201,716$ 196,234,076$ 186,932,142$ 197,185,315$ 191,035,919$ 200,826,736$
(1) - The City of South Bend ad opted Stateme nt No. 54 of th e Gove rnm ental A ccounting S tandards Board requir ing new clas sif ications fo r Fund Bala nc e rep orting fo r fisc al y ear 2011.
So urce: City of Sout h Bend Co mpr ehensive Annual Financ ial R epor ts
7
City of South Bend, Indiana
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revenues
Taxes 84,049,414$ 88,695,023$ 96,930,953$ 89,139,585$ 101,785,765$ 99,001,213$ 95,136,206$ 94,829,947$ 93,632,183$ 96,033,296$
Licenses, fees and permits 186,470 173,604 177,329 206,594 192,397 190,943 189,714 177,019 141,565 151,923
Fines and forfeits 444,861 437,732 412,707 423,981 409,775 636,749 334,767 660,841 563,999 454,327
Charges for services 16,931,744 15,832,139 17,030,160 16,678,584 16,585,634 13,990,267 12,442,553 12,320,498 10,628,976 5,794,168
Intergovernmental 31,275,541 21,400,166 18,196,118 20,577,464 35,822,886 34,419,714 31,297,526 29,227,759 30,663,505 30,216,059
Investment earnings 4,762,484 6,248,605 4,962,768 859,135 868,023 1,050,768 1,317,443 762,270 955,376 1,253,242
Other revenues 3,414,731 5,039,373 2,007,821 3,046,791 2,677,796 3,587,518 6,660,875 13,174,140 7,904,187 8,816,811
Total revenues 141,065,245 137,826,642 139,717,856 130,932,134 158,342,276 152,877,172 147,379,084 151,152,474 144,489,791 142,719,826
Expenditures
General government 11,244,734 9,611,354 6,902,426 5,969,141 5,214,424 6,680,855 6,390,585 7,154,965 8,022,688 8,420,278
Public Safety 51,050,640 53,203,005 50,413,055 48,790,068 62,586,177 69,612,754 67,138,414 64,041,549 66,927,250 61,889,405
Highways and Streets 13,583,761 13,257,781 13,369,611 11,716,810 10,702,555 5,079,041 9,288,682 9,769,942 10,441,957 12,787,641
Health and Welfare 75,000 75,000 75,000- - - - - - -
Community and Economic Development 9,752,254 7,710,242 9,726,718 8,938,134 17,408,376 9,698,611 3,543,180 8,068,458 7,309,130 11,068,013
Culture and Recreation 13,849,622 13,469,798 14,542,481 12,733,094 12,841,596 13,816,699 18,557,986 13,956,025 13,948,089 12,855,704
Capital Outlay 16,391,192 17,293,302 26,695,208 37,485,105 21,952,522 46,691,030 39,984,127 30,748,663 29,407,934 46,553,570
Bond Issuance Costs- - - - - - - - - 372,432
Debt Service
Interest and Fiscal Charges 6,144,611 5,718,572 7,258,201 8,053,995 7,499,683 7,186,494 6,734,305 6,113,043 5,360,219 5,392,298
Principal 7,435,722 7,870,166 9,040,095 9,276,363 12,552,681 13,632,195 10,822,721 13,008,105 12,882,830 13,319,392
Total expenditures 129,527,536 128,209,220 138,022,795 142,962,710 150,758,014 172,397,679 162,460,000 152,860,750 154,300,097 172,658,733
Excess of revenues
over (under) expenditures 11,537,709 9,617,422 1,695,061(12,030,576)7,584,262(19,520,507)(15,080,916)(1,708,276)(9,810,306)(29,938,907)
Other Financing Sources (Uses)
Proceeds from debt issuance 14,050,557 2,920,287 45,622,808 1,771,318 5,280,314 3,478,239 5,660,897 7,801,455 8,436,905 69,426,593
Premium (discount) on debt issuance- - 1,626,186 80,950 146,030 26,877 1,236,364 21,576 171,851 1,919,787
Proceeds from refunding- - - 7,210,000 5,327,775 38,307,431 13,595,000 3,990,000- -
Payments to refunded bond escrow agent(8,371,711)- - (7,591,171)(5,538,255)(37,300,856)(14,613,147)(4,376,769)(3,482,205)(35,698,815)
Transfers in 8,928,540 7,872,575 10,574,625 8,687,172 16,314,577 22,483,564 25,368,413 26,365,239 18,478,925 31,498,681
Transfers out(8,884,340)(7,868,840)(10,539,655)(9,333,164)(16,963,400)(19,442,388)(21,488,692)(21,840,052)(16,522,289)(28,652,266)
Other- - - - - - - - 28,476 1,235,744
Total other financing
sources (uses)5,723,046 2,924,022 47,283,964 825,105 4,567,041 7,552,867 9,758,835 11,961,449 7,111,663 39,729,724
Special Item:
Well field contamination settlement- - - 4,462,214- - - - - -
Net change in fund balances 17,260,755$ 12,541,444$ 48,979,025$ (6,743,257)$ 12,151,303$ (11,967,640)$ (5,322,081)$ 10,253,173$ (2,698,643)$ 9,790,817$
Debt service as a percentage of
noncapital expenditures (1)10.8%11.4%12.1%17.6%15.4%13.8%12.9%13.4%13.5%11.6%
Excludes prior period adjustments
(1) Formula = Deb service payments (principal and interest) / (Total Governmental Fund expenditures - Governmental Fund capital outlay per reconciliation)
Source: City of South Bend Comprehensive Annual Financial Reports
8
REVENUE CAPACITY
These schedules contain information to help the reader assess the factors
affecting the City of South Bend’s ability to generate and maintain revenue.
9
CITY OF SOUTH BEND, INDIANA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN YEARS
Estimated Adjusted Current Tax Total Tax(1)Outstanding
Per DLGF Circuit Breaker Current Tax Collections Delinquent Collections as Outstanding Delinquent Taxes
Tax Year/Current Levy Levy Current Tax as a Percent of Tax Total Tax a Percent of Delinquent as a Percent of
Collection Year Tax Levy Reduction(County Abstract)Collections Adjusted Tax Levy Collections Collections Adjusted Tax Levy Taxes Adjusted Tax Levy
2005/2006 62,058,519$ -$ 62,058,519$ 58,849,337$ 94.83%3,847,872$ 62,697,209$ 101.03%5,495,442$ 8.86%
2006/2007 62,723,113 - 62,723,113 57,979,187 92.44%2,289,138 60,268,325 96.09%7,411,505 11.82%
2007/2008 65,534,282 - 65,534,282 59,589,537 90.93%4,113,095 63,702,632 97.21%2,831,650 4.32%
2008/2009 64,546,050 7,863,846 56,682,204 47,497,697 83.80%3,355,161 50,852,858 89.72%5,810,503 10.25%
2009/2010 66,929,179 14,346,110 52,583,069 41,813,442 79.52%6,380,600 48,194,042 91.65%10,026,236 19.07%
2010/2011 68,662,101 17,692,787 50,969,314 40,876,844 80.20%5,791,920 46,668,764 91.56%8,165,775 16.02%
2011/2012 70,756,844 23,965,911 46,790,933 42,598,817 91.04%5,111,380 47,710,197 101.96%9,550,891 20.41%
2012/2013 72,696,497 27,863,156 44,833,341 38,721,788 86.37%5,200,000 43,921,788 97.97%11,146,473 24.86%
2013/2014 73,981,565 27,051,751 46,929,814 41,370,637 88.15%3,134,526 44,505,163 94.83%8,745,941 18.64%
2014/2015 76,533,090 29,728,412 46,804,678 42,097,072 89.94%3,168,597 45,265,669 96.71%8,200,000 17.52%
Source - St. Joseph County Auditor's Settlement Worksheets and Abstract. City of South Bend budget forms approved by the Department of Local Government Finance (DLGF).
Data provided for General Fund, Parks & Recreation, Cumulative Capital Development, Fire Pension and Police Pension Funds. Excludes College Football Hall of Fame and Tax Increment Financing Funds.
Delinquent tax collections are not broken out by individual taxing unit. A calculation of South Bend's share of delinquent taxes has been made based on proportionate tax rates.
Total collections may exceed 100% of adjusted tax levy as prior year collections are not broken out separately by the St. Joseph County Auditor.
(1) Outstanding Delinquent Taxes are reported in the aggregate as of the end of each year and are not cumulative. Estimated for 2014/2015.
10
Overlapping Rates (3)
Cumulative
Tax Year/General Park s/Firefighters'Police Capital Total St. Joseph S chools Tot al Grand
Col le ction Y ear Fund R ecreation Pension Pension Development D irect C ounty Districts Township Library Other (1)Overlapping Tota l
2005/2006
1.7386 0.2981 0.0554 0.0498 0.0376 2.1795 0.9899 1.6033 0.0269 0.2027 0.1501 2.9729 5.1524
2006/2007 1.6838 0.2858 0.0531 0.0477 0.0342 2.1046 0.8711 1.5419 0.0285 0.1957 0.1737 2.8109 4.9155
2007/2008 1.7924 0.2979 0.0579 0.0572 0.0342 2.2396 0.7576 1.5417 0.0482 0.2216 0.1944 2.7635 5.0031
2008/2009 1.9777 0.3656 0.0117 0.0189 0.0342 2.4081 0.5693 1.0297 0.0537 0.2257 0.1733 2.0517 4.4598
2009/2010(2)2.2536 0.4401- - 0.0342 2.7279 0.5866 1.0728 0.0406 0.2657 0.1835 2.1492 4.8771
2010/2011 2.4381 0.4818- - 0.0342 2.9541 0.5424 1.2211 0.0438 0.3027 0.1958 2.3058 5.2599
2011/2012 2.4954 0.4957- - 0.0328 3.0239 0.6212 1.1931 0.0464 0.2941 0.1817 2.3365 5.3604
2012/2013 2.5678 0.5102- - 0.0328 3.1108 0.6731 1.3493 0.0453 0.3227 0.1971 2.5875 5.6983
2013/2014 2.7977 0.5608- - 0.0328 3.3913 0.7058 1.3577 0.0505 0.3309 0.1849 2.6298 6.0211
2014/2015 2.8313 0.5676- - 0.0325 3.4314 0.6866 1.2940 0.0500 0.3207 0.2125 2.5638 5.9952
Source: St. Joseph County Auditor's Office - Ce rtified Tax Rat e Schedules - Rat es presented for Portage Township in South Bend
(1) Includes State of Indiana, Redevelopment Commission (Hall of Fame), South Bend Transportation and South Ben d Regional Airport.
(2) Firefighters' Pension and Police Pensi on no longer ta x burde n fo r the City of South Bend a s the State of India na has assumed responsibility f or fundi ng t hese pr ograms.
(3) Information prov ided for Portage Township in the City of South Bend. Property tax rates a pplied to net asses sed valuation. Property tax bil lings
are also subje ct to "circuit breaker" property tax caps on grossed assessed valuati on of 1% (homestead reside nt ial property), 2% (other residentia l/r ental pr ope rty),
and 3% ( no nresidential real and personal property). Therefore, an increase in stated property tax rates will not result in higher propert y taxes paid for many
taxpayers who have reached their cap.
City Direct Rates
(rate per $100 of net assessed value)
Last Ten Fiscal Years
Direct and Overlapping Property Tax Rates
City of South Bend, Indiana
11
CITY OF SOUTH BEND, INDIANA
DETAIL OF NET ASSESSED VALUATION
(Assessment For the Year 2014 Payable in 2015)
South Bend South Bend South Bend South Bend South Bend South Bend
Centre Twp Clay Twp German Twp Penn Twp Warren Twp Portage Twp Totals Percent
Value of land 111,235,900$ 25,403,300$ 67,460,500$ 17,010,900$ 2,104,100$ 382,859,700$ 606,074,400$
Value of improvements 457,250,600 116,476,100 409,078,800 83,055,200 22,895,800 2,497,974,020 3,586,730,520
Total value of real estate 568,486,500 141,879,400 476,539,300 100,066,100 24,999,900 2,880,833,720 4,192,804,920
Less: Mortgage, veterans, blind, age
65 & other exemptions(225,151,976)(33,285,949)(82,018,671)(26,710,454)- (903,098,984)(1,270,266,034)
Tax-exempt property(41,704,125)(7,423,168)(27,124,970)(9,323,600)- (338,256,082)(423,831,945)
Investment Deduction- - - - - (1,702,500)(1,702,500)
Tax increment financing(59,228,996)(8,648,206)(248,406,279)- (23,951,500)(366,775,526)(707,010,507)
Tax abatements(2,784,175)- (18,302,844)(1,583,740)(1,048,400)(13,151,882)(36,871,041)
Net value of real estate 239,617,228 92,522,077 100,686,536 62,448,306- 1,257,848,746 1,753,122,893 77.56%
Gross personal property assessments 27,801,510 8,667,670 166,310,462 2,283,340 6,991,780 345,705,220 557,759,982
Less: Tax abatements- - (18,079,655)- - (11,780,800)(29,860,455)
Tax-exempt property(1,557,090)(155,400)(2,796,240)(1,065,870)- (81,148,643)(86,723,243)
Investment deduction- - - - - (20,954,569)(20,954,569)
Tax increment financing- - - - - - -
Net value of personal property 26,244,420 8,512,270 145,434,567 1,217,470 6,991,780 231,821,208 420,221,715 18.59%
Net value of utilities 9,260,250 3,696,780 6,771,990 1,101,960 336,000 65,757,730 86,924,710 3.85%
Total net assessed valuation 275,121,898$ 104,731,127$ 252,893,093$ 64,767,736$ 7,327,780$ 1,555,427,684$ 2,260,269,318$ 100.00%
Percentage of Total 12.17%4.63%11.19%2.87%0.32%68.82%100.00%
Summary
Real Personal Property/
Property Utilities Total Percent
Total value 4,192,804,920 644,684,692 4,837,489,612 100.00%
Deductions & exemptions(1,271,968,534)(20,954,569)(1,292,923,103)-26.73%
Tax exempt property(423,831,945)(86,723,243)(510,555,188)-10.55%
Tax increment financing(707,010,507)- (707,010,507)-14.62%
Tax abatements(36,871,041)(29,860,455)(66,731,496)-1.38%
Total net assessed valuation 1,753,122,893$ 507,146,425$ 2,260,269,318$ 46.72%
Percent 77.56%22.44%100.00%
Source: St. Joseph County Auditor's Office - Information from the County Abstract prepared by the Indiana Department of Local Government Finance.
12
(2)
Gross Assessed Values Less:Total Net City
Tax Year/Real Personal Utilities Total Non-Taxed Taxable Tax%
Collection Year Property Property Property Value Property (1)Value Rate Taxable
2005/2006$3,789,447,190$655,066,401$98,165,420$4,542,679,011$1,707,413,121$2,835,265,890 2.1795 62.41%
2006/2007 4,374,431,415 544,460,152 90,443,780 5,009,335,347 1,986,978,200 3,022,357,147 2.1046 60.33%
2007/2008 4,420,513,240 527,383,785 92,736,090 5,040,633,115 2,064,552,317 2,976,080,798 2.2396 59.04%
2008/2009 4,698,989,240 592,538,950 95,891,770 5,387,419,960 2,718,532,541 2,668,887,419 2.4081 49.54%
2009/2010 4,368,497,000 604,951,450 98,433,750 5,071,882,200 2,618,376,627 2,453,505,573 2.7279 48.37%
2010/2011 4,339,037,300 551,819,290 101,009,760 4,991,866,350 2,667,414,488 2,324,451,862 2.9541 46.56%
2011/2012 4,255,238,900 560,331,660 95,165,650 4,910,736,210 2,529,861,602 2,380,874,608 3.0239 48.48%
2012/2013 4,452,887,970 537,500,490 100,832,450 5,091,220,910 2,720,133,213 2,371,087,697 3.1108 46.57%
2013/2014 4,199,757,500 552,872,520 90,252,180 4,842,882,200 2,633,155,528 2,209,726,672 3.3913 45.63%
2014/2015 4,192,804,920 557,759,982 86,924,710 4,837,489,612 2,577,220,294 2,260,269,318 3.4314 46.72%
(1) Non-taxed property includes adjustments for deductions & exemptions, tax exempt property, tax increment financing property, and
tax abatements.
(2) Excludes Redevelopment Commission (Hall of Fame) tax rate.
Source: St. Joseph County Auditor's Office
City of South Bend, Indiana
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years
13
CITY OF SOUTH BEND, INDIANA
NET ASSESSED VALUE OF TAXABLE PROPERTY
LAST TEN YEARS
Real Personal Utilities Total
Tax Year/Net Assessed Net Assessed Net Assessed Net Assessed Percent
Collection Year Value Value Value Value Change
2005/2006 2,200,118,689$ 536,981,781$ 98,165,420$ 2,835,265,890$ 0.58%
2006/2007 2,520,098,365 411,815,002 90,443,780 3,022,357,147 6.60%
2007/2008 2,493,481,003 389,863,705 92,736,090 2,976,080,798 -1.53%
2008/2009 2,137,129,242 435,866,407 95,891,770 2,668,887,419 -10.32%
2009/2010 1,911,818,036 443,253,787 98,433,750 2,453,505,573 -8.07%
2010/2011 1,809,523,734 413,918,368 101,009,760 2,324,451,862 -5.26%
2011/2012 1,858,836,588 426,872,370 95,165,650 2,380,874,608 2.43%
2012/2013 1,858,213,181 412,042,066 100,832,450 2,371,087,697 -0.41%
2013/2014 1,687,672,152 431,802,340 90,252,180 2,209,726,672 -6.81%
2014/2015 1,753,122,893 420,221,715 86,924,710 2,260,269,318 2.29%
Source: St. Joseph County Auditor's office
14
Net
Tax Year/Total Tax Exempt Tax Increment Tax Assessed
Collection Year Gross Valuation Deductions (1)Property Financing Abatements Valuation
2005/2006 4,542,679,011$ (867,578,331)$ (413,587,899)$ (290,451,066)$ (135,795,825)$ 2,835,265,890$
2006/2007 5,009,335,347(1,014,750,501)(494,545,149)(382,668,480)(95,014,070)3,022,357,147
2007/2008 5,040,633,115(996,413,450)(494,748,890)(471,656,927)(101,733,050)2,976,080,798
2008/2009 5,387,419,960(1,557,329,781)(436,861,027)(625,910,065)(98,431,668)2,668,887,419
2009/2010 5,071,882,200(1,344,563,829)(449,848,037)(707,096,696)(116,868,065)2,453,505,573
2010/2011 4,991,866,350(1,353,769,271)(439,343,852)(777,038,302)(97,263,063)2,324,451,862
2011/2012 4,910,736,210(1,331,068,608)(417,907,225)(702,724,247)(78,161,522)2,380,874,608
2012/2013 5,091,220,910(1,397,134,910)(488,961,977)(761,349,489)(72,686,837)2,371,087,697
2013/2014 4,842,882,200(1,344,702,776)(512,692,590)(713,448,152)(62,312,010)2,209,726,672
2014/2015 4,837,489,612(1,292,923,103)(510,555,188)(707,010,507)(66,731,496)2,260,269,318
(1) Includes homestead standard deduction, supplemental standard deduction, mortgage deduction, blind/disabled deduction,
investment deduction, veteran's deduction, over 65 years old deduction, and geothermal deduction. In 2009, a new
35% supplemental standard deduction was provided as a part of "circuit breaker" property tax reform legislation.
2015 Deductions
Homestead Standard Deduction 814,820,960
Supplemental Standard Deduction 368,795,377
Mortgage Deduction 44,358,618
Veteran's Deduction 11,027,128
Age 65 and Over Deduction 25,146,428
Energy Systems Deduction 403,400
Blind & Disabled Deduction 5,714,123
Investment Deduction 22,657,069
Total 1,292,923,103
Source: St. Joseph County Auditor's Office Abstract
City of South Bend, Indiana
Assessed Value of Taxable Property
Last Ten Years
15
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund Name Actual Actual Actual (2)Actual (3)Actual Actual Actual Actual Actual Actual
General Fund$48,768,150$48,720,726$14,574,480$79,162,937$38,780,847$38,514,550$39,368,431$36,251,397$36,708,989$37,349,387
Excess Levy- - - - - - - - 3,648-
Parks & Recreation 8,363,955 8,271,741 2,461,101 13,919,096 7,591,932 7,613,760 7,824,056 7,207,060 7,365,388 7,487,554
Redevelopment Bonds Studebaker Corridor- 11,590- - - - - - - -
College Football Hall of Fame Debt Service 899,472 1,127,140 360,682 2,362,057 1,488,453 1,549,954 1,133,205 1,268,179 497,768 906,263
River West TIF District (1)7,515,744 8,851,077 33,400 10,808,912 21,508,430 11,187,768 11,631,287 13,340,354 14,284,734 16,293,240
Cumulative Capital Development 1,054,963 989,824 291,600 1,420,833 587,063 540,454 517,710 463,331 430,786 428,727
Sample-Ewing TIF District (1)732,356 778,093- - - - - - - -
South Bend Central Development Area TIF (1) 3,283,075 3,276,169 12,696 3,870,188 7,336,117 3,633,473 3,671,478 2,590,808 4,309,727-
West Washington Street TIF District 255,510 287,095 1,785 358,844 860,049 431,085 422,715 493,608 580,987 402,911
Central Medical Service Area TIF District (1)333,585 928,113 2,793 919,174 3,524,962 1,704,238 1,606,915 1,221,676 851,211-
River East (Northeast) TIF District- 13,468- 22,191 195,400 715,063 1,351,048 841,627 1,568,240 2,421,308
Southside Development Area TIF District 28,565 457,985 1,756 355,596 4,094,135 1,808,952 2,466,203 2,404,416 2,379,212 2,205,822
Erskine Commons TIF District (5)2,585 2,891 10 1,240,184 5,978,592 784,373- - - -
Erskine Village TIF District 305,399 775,622 2,713 1,531,403 3,759,287 1,603,182- 1,311,129 9,175 19,183
Douglas Road TIF District- 13,941- 125,294 460,760 306,053 285,713 323,939 321,895 270,758
River East (Northeast) Residential TIF- - - - 1,815,829 2,446,103 2,514,048 2,262,765 2,725,909 3,129,681
Airport Urban Enterprise- - - - 301,430 123,165 111,721- - -
Fire Department Employees Pension (4)1,554,387 1,536,839 462,375 1,437,539(5,867)- - - - -
Police Department Employees Pension (4)1,397,265 1,380,555 425,760 1,609,905(9,479)- - - - -
Total$74,495,011$77,422,869$18,631,151$119,144,153$98,267,940$72,962,173$72,904,530$69,980,289$72,037,669$70,914,834
Source - City Accounting System
(1) Fund 414 closed out during 2008 into Fund 324. Name changed in 2015 from TIF Airport to River West TIF due to consolidation of Central Development Area and Central Medical TIFs.
(2) Delays in sending out property tax bills until December 19, 2008 (with an on-time due date of February 20, 2009) resulted in interfund borrowing in the General Fund (101), Parks
and Recreation Fund (201) and the College Football Hall of Fame Debt Service Fund (313) at year end. The remainder of property tax revenue was received during the first half of
2009 with final settlement with the St. Joseph County Auditor in July, 2009
(3) Includes collections of 2008 taxes as noted above. Tax Increment Financing (TIF) 2009 property tax collections were received from the County Auditor on January 21, 2010.
(4) Property tax levy for Police and Fire pension plans eliminated. Funding provided by the State of Indiana.
(5) Erskine Commons TIF District funds were released and outstanding bonds were paid off.
Last Ten Years
Property Tax Collections - Cash Basis
City of South Bend, Indiana
16
City of South Bend, Indiana
2015 Circuit Breaker Property Tax Cap Credits
(2%)(3%)
Taxing(1%)Other Residential All Other Total
Unit Name Homsesteads and Farmland Real/Personal Elderly Credits
City of South Bend (101,168 population)
South Bend Civil City 6,779,178$ 13,324,421$ 11,509,505$ 23,037$ 31,636,141$
Hall of Fame Bond- - - 461 461
TIF - SB So. #1 Centre 623 43,284 1,115,515 - 1,159,422
TIF - SB So. #3 Centre- - 9,367 9,367
TIF- Douglas Road EDA- 2,921 159,924 - 162,845
TIF - River East Clay- - 8,609 - 8,609
TIF - River West German 31,042 396,166 4,325,091 - 4,752,299
TIF - SB West Washington 10,346 249,479 106,870 66 366,761
TIF - SB So. #1 Portage 498 54,518 52,427 - 107,443
TIF - River West Portage 25,034 1,218,360 2,527,990 4 3,771,388
TIF - River West Warren- - 442,888 - 442,888
TIF - River East Portage 62,996 2,824,062 1,512,367 - 4,399,425
Total Credits 6,909,717 18,113,211 21,770,553 23,568 46,817,049
Per Capita Credits 68.30 179.04 215.19 0.23 462.77
Total 2010 Per Capita
Local Unit Credits Population Credits
South Bend Civil City 31,636,141$ 101,168 312.71
Anderson Civil City 10,239,625 56,120 182.46
East Chicago Civil City 11,263,022 29,698 379.25
Elkhart Civil City 9,278,997 50,949 182.12
Evansville Civil City 9,659,167 117,429 82.26
Fort Wayne Civil City 18,570,414 253,691 73.20
Gary Civil City 26,398,072 80,294 328.77
Goshen Civil City 3,874,596 31,719 122.15
Hammond Civil City 5,260,785 80,830 65.08
Jeffersonville Civil City 3,731,632 44,953 83.01
Kokomo Civil City 8,865,350 45,468 194.98
Lafayette Civil City 1,664,486 61,140 27.22
Laporte Civil City 2,714,420 22,053 123.09
Mishawka Civil City 4,459,425 48,252 92.42
Muncie Civil City 14,811,898 70,085 211.34
Noblesville Civil City 5,155,218 51,969 99.20
Saint Joseph County 7,720,780 266,931 28.92
South Bend School Corporation 7,137,022 101,168 70.55
Terre Haute Civil City 10,071,647 60,785 165.69
Sources - Circuit Breaker Report. Prepared by the Legislative Services Agency, December 17, 2014 (www.iga.in.gov).
County Property Tax Studies, Saint Joseph County, Property Tax Changes in Saint Joseph County Between
2014 and 2015. Prepared by the Legislative Services Agency, October 2015. (www.iga.gov).
2010 Population - American Fact Finder www. Factfinder.census.gov
Notes:Circuit breaker tax cap credits are tax savings for taxpayers and revenue losses for local governmental units.Circuit
breaker credits are highest in tax districts with the highest tax rates.These are usually districts that include cities or towns
because the municipal tax rate is included in the district tax rate.This means that most circuit breaker credits are in cities and
towns and in units that overlap cities and towns.
17
2015 2006
Net Assessed Percent Net Assessed Percent
Taxpayer Type of Business Value (1)Rank of Total Value (2)Rank of Total
Honeywell International, Inc.Airplane and Auto Parts 45,011,384$ 1 1.99%10,686,900 6 0.38%
Indiana Bell - AT&T Inc.Telecommunications 41,252,660 2 1.83
Indiana Michigan Power Company - AEP Utility 36,944,140 3 1.63
Edward Rose of Indiana Apartments and Real Estate 35,693,000 4 1.58 40,418,500 2 1.43
Beacon Health Systems, Inc. - Memorial Hospital Healthcare 25,705,840 5 1.14
Federal-Mogul Powertrain Systems Automotive Parts 24,942,500 6 1.10
The Tire Rack Automotive Parts 21,639,970 7 0.96
NIPSCO Utility 20,911,992 8 0.93
KSK Scottsdale Mall Commercial Real Estate 19,631,600 9 0.87
Comcast Telecommunications 18,569,480 10 0.82
Home Properties Maple Lane II LLC Apartments and Real Estate 57,087,800 1 2.01
Walnut Grove Mutual Housing Corp Apartments and Real Estate 33,450,900 3 1.18
Can-American South Bend Limited Apartments and Real Estate 12,386,000 4 0.44
Dwellco II Limited Partnership Apartments and Real Estate 11,131,000 5 0.39
Ameritech Communications 10,563,700 7 0.37
Meijer Stores Limited Partnership Department Store 9,329,400 8 0.33
Amico Turtle Creek Apartments and Real Estate 9,239,000 9 0.33
Wal-Mart Department Store 9,189,400 10 0.32
Total Net Assessed Value - Ten Largest Taxpayers 290,302,566$ 12.84%203,482,600$ 7.18%
Total Net Assessed Value (3)2,260,269,318$ 100.00%2,835,265,890$ 100.00%
Source:
(1) 2015 South Bend Redevelopment Authority Consultant's Report prepared by Crowe Horwath
(2) 2006 Comprehensive Annual Financial Report
City of South Bend, Indiana
Principal Property Taxpayers - Current and Nine Years Ago
DECEMBER 31, 2015 ($'s whole)
18
CITY OF SOUTH BEND, INDIANA
LOCAL OPTION INCOME TAX REVENUE
LAST TEN YEARS
COUNTY ECONOMIC DEVELOPMENT INCOME TAX (CEDIT) REVENUE
Total Est South Bend South Bend Actual City
Distribution EDIT (1)County EDIT Rate of EDIT Rate of as a Percent Collections
Year Tax Rate Collections Growth Distribution Growth of Total During Year
2006 0.20%10,610,460$ 18.10%4,013,475$ 15.86%37.83%4,013,475$
2007 0.20%10,558,004 -0.49%3,702,467 -7.75%35.07%3,702,467
2008 0.20%11,136,493 5.48%3,997,997 7.98%35.90%3,997,997
2009 0.20%11,938,605 7.20%4,612,694 15.38%38.64%3,843,912
2010 (2)0.40% 22,789,919 90.89%8,321,633 80.41%36.51%9,090,415
2011 0.40%18,826,685 -17.39%7,300,866 -12.27%38.78%7,300,866
2012 (3)0.40%17,649,256 -6.25%8,324,626 14.02%47.17%9,068,785
2013 0.40%20,611,415 16.78%8,177,352 -1.77%39.67%8,177,352
2014 0.40%22,063,091 7.04%8,796,821 7.58%39.87%8,796,821
2015 0.40%23,081,049 4.61%9,181,206 4.37%39.78%9,181,206
Total $178,249,127$69,893,289 39.21%$70,637,448
(1) This tax was first enacted as of July 1, 1995 at the rate of 0.1% of City residents' adjusted gross income. The rate was
increased to 0.2% effective July 1, 1997.
(2) The CEDIT tax rate for 2010 and subsequent years was increased by City of South Bend Common Council
and the Saint Joseph County Common Council.
(3) 2012 actual CEDIT payments includes $744,159 underpaid in 2011 due to a State of Indiana accounting error
Source - State of Department of Local Government Finance CEDIT Distribution Reports
Actual City Collections During Year per City Accounting System
19
COUNTY OPTION INCOME TAX (COIT) REVENUE
Total South Bend South Bend Actual City
Distribution COIT County COIT Rate of COIT Rate of as a Percent Collections
Year Tax Rate (1)Distributions Growth Distribution Growth of Total During Year
2006 0.60%21,276,623$ 27.96%6,950,396$ 26.60%32.67%6,410,405$
2007 0.60%16,993,346 -20.13%5,160,903 -25.75%30.37%5,816,766
2008 0.60%20,689,958 21.75%6,382,478 23.67%30.85%6,192,452
2009 0.60%26,973,887 30.37%8,952,424 40.27%33.19%8,302,694
2010 0.60%25,147,806 -6.77%7,855,776 -12.25%31.24%7,648,824
2011 0.60%19,907,430 -20.84%6,458,586 -17.79%32.44%7,097,462
2012 (2)0.60%22,536,457 13.21%7,691,991 19.10%34.13%8,610,742
2013 0.60%22,923,958 1.72%7,846,939 2.01%34.23%7,846,939
2014 0.60%25,275,541 10.26%8,645,811 10.18%34.21%8,645,811
2015 0.60%26,435,155 4.59%8,859,912 2.48%33.52%8,859,912
Total 244,788,292$ 80,295,434$ 32.80%81,127,625$
(1) This tax was first enacted as of July 1, 1997 at the rate of 0.2% of City residents' adjusted gross income. The COIT
rate increased 0.1% each year until it reached 0.6% as of July 1, 2001. The above collections/distribution amounts
are net of the additional homestead credits that accompanied the passage of this income tax.
(2) 2012 actual COIT collections includes $918,751 underpaid in 2011 due to a State of Indiana accounting error.
Source - State of Indiana Department of Local Government Finance COIT Distribution Reports
Actual City Collections During Year per City Accounting System
CITY OF SOUTH BEND, INDIANA
LOCAL OPTION INCOME TAX REVENUE
LAST TEN YEARS
20
PUBLIC SAFETY LOCAL OPTION INCOME TAX REVENUE
Total South Bend South Bend Actual City
Distribution PS LOIT County LOIT Rate of LOIT Rate of as a Percent Collections
Year Tax Rate Distributions Growth Distribution Growth of Total During Year
2010(1)0.25%13,846,267$ 100.00%6,078,454$ 100.00%43.90%6,078,454$
2011 0.25%11,371,882 -17.87%5,293,619 -12.91%46.55%5,293,619
2012(2)0.25%10,644,975 -6.39%6,056,334 14.41%56.89%6,605,601
2013 0.25%12,457,864 17.03%5,892,356 -2.71%47.30%5,892,386
2014 0.25%13,476,753 8.18%6,380,029 8.28%47.34%6,380,029
2015 0.25%13,734,382 1.91%6,466,190 1.35%47.08%6,466,190
Total $75,532,123$36,166,982 47.88%$36,716,279
(1) This tax was effective in October 2009 at the rate of 0.25% of City residents' adjusted gross income.
The measure is being used to support the Public Safety operations consisting of the Police Department
and the Fire Department, to keep the staffing levels at their full complement.
(2) 2012 actual Public Safety LOIT collections includes $549,267 underpaid in 2011 due to a State of Indiana accounting error.
Source - State of Indiana Department of Local Government Finance LOIT Public Safety Distribution Reports
Actual City Collections During Year per City Accounting System
CITY OF SOUTH BEND, INDIANA
LOCAL OPTION INCOME TAX REVENUE
LAST TEN YEARS
21
Unit of Go vernment 2006 2007 2008 2009 2010 201 1 2012 2013 2014 2015
Total Count y Certified Distr ibution 31,044,322$ 30,859,812$ 32,574,042$ 34,801,729$ 33,231,041$ 27,292,516$ 29,8 98,874$ 2 9,898,874$ 32,3 44,207$ 32,962,518$
Less: Homestead Credit (1)(9,767,699)(13,866,466)(11,884,084)(7,827,842)(8,083,235)(7,385,086)(7,3 62,417)(6,974,918)(7,0 68,666)(6,527,363)
Total Di str ibu tive Shares 21,276,623 16,993,346 20,689,958 26,973,887 25,147,806 19,907,430 22,536,457 2 2,923,956 25,2 75,541 2 6,435,155
Distributiv e S hares/Total County Dis tribution 68.54%55.07%63.52%77.51%75.68%72.94%75.38%76.6 7%7 8.15%80.2 0%
Amount
St. Joseph County 8,440,988 7,3 76,623 8,825,206 10,358,300 9,819,576 7,383,180 7,9 86,750 8,460,192 9,3 14,201 9,611,416
Townships 834,727 6 48,364 820,2 41 1,180,913 1,168,352 1,054,827 1,2 44,481 954,332 1,0 69,408 1,541,211
City of Sout h Bend - Civil City 6,733,129 5,0 77,450 6,266,381 8,748,506 7,677,730 6,304,224 7,5 11,976 7,711,609 8,4 83,839 8,754,940
City of Sout h Bend - Re development 217,267 83,453 116,0 97 203,918 178,046 154,363 184,790 135,330 161,972 104,972
Othe r Cities & Towns 2,616,698 1,982,192 2,367,929 3,592,330 3,462,786 2,667,400 3,0 77,335 3,137,086 3,3 78,481 3,508,422
Libraries 1,706,495 1,285,029 1,646,819 2,007,809 2,042,942 1,762,365 1,8 79,376 1,849,933 2,1 26,185 2,144,046
Special Districts 727,319 5 40,235 647,2 85 882,111 798,374 581,071 651,749 675,474 741,455 770,148
Total 21,276,623$ 16,993,346$ 20,689,958$ 26,973,887$ 25,147,806$ 19,907,430$ 22,5 36,457$ 2 2,923,956$ 25,2 75,541$ 26,435,155$
Perc ent age of Distribution
St. Joseph County 39.67%43.41%42.65%38.40%39.05%37.09%35.44%36.91%36.85%36.36%
Townships 3.92%3.82%3.96%4.38%4.65%5.30%5.52%4.16%4.23%5.83%
City of Sout h B end - Civil City 31.65%29.88%30.2 9%32.43%30.53%31.67%33.33%33.64%33.57%33.12%
City of Sout h B end - Redevelopment 1.02% 0.49% 0.56% 0.76% 0.71% 0.78%0.82%0.59%0.64%0.40%
Other Cities & Towns 12.30%11.66%11.4 4%13.32%13.77%13.40%13.65%13.68%13.37%13.27%
Libraries 8.02%7.56%7.96%7.44%8.12%8.85%8.34%8.07%8.41%8.11%
Special Districts 3.42%3.18%3.1 4%3.27%3.17%2.91%2.90%2.95%2.93%2.91%
Total 100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
(1) A portion of the county option i ncome tax is used for property tax rel i ef through h omestead credi ts for residentia l property owne rs.
Sourc e - State of Indian a Department of Local Go ver nm ent Fina nce COIT Distribution Reports
CITY OF SOUTH BEND, INDIANA
TOTAL COUNTY OPTION INCOME TAX DISTRIBUTIONS BY TAXING UNIT
LAST TEN YEARS
22
City of South Bend, Indiana
TEN LARGEST WATER CUSTOMERS
DECEMBER 31, 2015
Percentage of
Total Water
2015 Operating Usage
Name Revenue Revenue CCF*
South Bend Community School Corporation$140,508 0.99%93,015
Memorial Hospital of South Bend 106,400 0.75%93,713
Irish Hills Apartments 75,351 0.53%61,638
Honeywell Aerospace Co 72,596 0.51%65,410
Indiana University South Bend 56,244 0.40%31,495
Indian Springs Apartments and Townhouses 53,570 0.38%39,567
Castle Point Apartments 40,042 0.28%42,333
Aramark Uniform Services 37,530 0.26%47,452
Laurnenz Place LLC 36,744 0.26%47,117
Holy Cross Care Services Inc 35,034 0.25%32,076
Total of Ten Largest Water Customers$654,020 4.60%
Total for Operating Revenue for Water Works$14,204,285 100.00%
*Hundreds of Cubic Feet
23
City of South Bend, Indiana
TEN LARGEST SEWAGE WORKS CUSTOMERS
DECEMBER 31, 2015
Percentage of
Heavy Total Water
Metered Demand Total Sewer Usage
Name Revenue Surcharge Revenue Revenue CCF*
I/NTEK Plant$2,013,744 $$2,013,744 5.50%738,695
University of Notre Dame 1,349,108 1,349,108 3.68%567,593
Noble Americas Ethenol 946,283 577,463 1,523,746 4.16%111,966
Memorial Hospital 397,073 397,073 1.08%90,703
South Bend Community School Corp 384,711 384,711 1.05%67,758
Honeywell Aerospace Co 308,200 308,200 0.84%64,070
Indian Springs Apartments and Townhouses 188,984 188,984 0.52%33,360
Irish Hill Apartment 187,850 187,850 0.51%46,298
Aramark Uniform Services 185,394 185,394 0.51%47,440
Laurenz Place LLC 169,638 169,638 0.46%46,836
Total of Ten Largest Sewer Customers$6,130,984$577,463$6,708,447 18.31%
Total Operating Revenue for Wastewater$36,635,501
*Hundreds of Cubic Feet
24
LR&S MVH Total Gas%
Year Fund Fund Tax Change
2006 1,201,538$ 3,327,314$ 4,528,852$ -1.76%
2007 1,171,732 3,243,818 4,415,550-2.50%
2008 1,104,260 3,016,198 4,120,458-6.68%
2009 1,045,477 2,954,086 3,999,563-2.93%
2010 1,064,149 2,922,165 3,986,314-0.33%
2011 1,030,958 2,951,072 3,982,030-0.11%
2012 1,022,508 2,786,592 3,809,100-4.34%
2013 1,001,871 3,006,122 4,007,993 5.22%
2014 1,017,383 3,682,329 4,699,712 17.26%
2015 1,045,516 3,679,371 4,724,887 0.54%
Source: City Accounting Records
Distributions of gas tax revenue are made monthly by the Indiana Department of Revenue to the
Local Road and Street(LR&S)and Motor Vehicle Highway(MVH)funds for use in construction
and maintenance of streets and highways.Distributions are based on a complex formula
developed by the state which takes into account population,road and street mileage and other
factors.Gas tax revenue was declining in prior years due to the economy and more fuel efficient
vehicles,however,due to an improvement in the economy and temporary increase in state funding
for two years, total gas tax increased in 2014. Gas tax remained consistent in 2015.
City of South Bend, Indiana
Gasoline Tax Collections - Cash Basis
Last Ten Fiscal Years
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
Gasoline Tax
LR&S Fund
MVH Fund
Total Gas
Tax
25
City of South Bend, Indiana
Wheel and Excise Surtax Collections - Cash Basis
Last Ten Years
LR&S MVH Total Wheel%
Year Fund Fund Tax Change
2006 1,849,924$ -$ 1,849,924$ -3.37%
2007 1,966,003- 1,966,003 6.27%
2008- 2,040,751 2,040,751 3.80%
2009- 1,893,982 1,893,982-7.19%
2010- 1,975,397 1,975,397 4.30%
2011- 1,863,283 1,863,283-5.68%
2012- 1,795,538 1,795,538-3.64%
2013- 2,045,213 2,045,213 13.91%
2014- 1,637,707 1,637,707-19.92%
2015- 2,135,441 2,135,441 30.39%
Source: City Accounting Records
Effective January 1,2004,St.Joseph County enacted a wheel tax and annual
license excise surtax as allowed by State law to provide additional funding for
road maintenance and repair.State law allows an annual wheel tax of$5-40
per vehicle and an annual license excise surtax of 2-10%.St.Joseph County
has enacted a$25 County Excise surtax.The tax applies to all passenger cars,
trucks less than 11,000 pounds,buses,tractors and motorcycles registered in
the County.(Other rates apply to recreational vehicles,semitrailers and trucks
exceeding 11,000 pounds.)The tax is collected by the Indiana Bureau of Motor
Vehicles,remitted to the County and distributed monthly to the local units
based on population and road miles.
During 2004-2007,the City of South Bend deposited the wheel tax and excise
surtax in its Local Road and Street(LR&S)fund.During 2008 and thereafter,
the City will deposit the taxes in its Motor Vehicle Highway(MVH)fund,as
required by the Indiana State Board of Accounts.
Increase in the 2015 wheel tax due to 13 months of taxes being collected
during the year(September 2014-September 2015).Prior year tax collections
were several months behind.
26
--------------------------------Paid to City of South Bend----------------------------------------------------Direct Payments-----------------------
Century Professional Cumulative 2008 Subtotal:1992 Century 2008 Other
Center Sports Develop.Capital Impr.Century Center Paid to City Center Century Center South Bend Total Hotel/%
Year Fund Fund Fund Bonds of South Bend Bonds Bonds Projects Motel Tax Change
2006 1,247,928$ 473,258$ 150,000$ -$ 1,871,186$ 357,135$ -$ 364,150$ 2,592,471$ 0$
2007 1,361,263 507,585 150,000- 2,018,848 354,916- 136,330 2,510,094-3.18%
2008 1,497,390 589,620 150,000- 2,237,010 356,918- 694,135 3,288,063 30.99%
2009 1,347,651 530,137 150,000- 2,027,788- 198,500 265,258 2,491,546-24.22%
2010 1,313,152 521,800 150,000 399,000 2,383,952- - 97,000 2,480,952-0.43%
2011 1,313,436 494,325 150,000 400,000 2,357,761- - - 2,357,761-4.97%
2012 1,313,436 489,152 150,000 398,000 2,350,588- - - 2,350,588-0.30%
2013 1,313,436- 150,000 398,500 1,861,936- - - 1,861,936-20.79%
2014 1,313,450- 150,000 400,000 1,863,450- - 457,739 2,321,189 24.67%
2015 1,313,450- 150,000 492,000 1,955,450- - 976,855 2,932,305 26.33%
Source: City Accounting Records and Saint Joseph County Auditor's Office
The hotel/motel tax fund also supports other activities not included in the City of South Bend's financial statements such as the South Bend/Mishawaka Convention and Visitors Bureau.
The total distribution of hotel/motel tax during 2015 to all organizations was $4,159,034. The cash balance in the County Hotel/Motel Tax Fund was $2,362,417 at December 31, 2015.
City of South Bend, Indiana
Hotel/Motel Tax Revenue - Cash Basis - City Distributions
Last Ten Fiscal Years
The hotel/motel tax was enacted in 1973 and the current tax rate is 6%.The tax is accounted for in a fund of the Saint Joseph County government and is administered by the 11 member
Saint Joseph County Board of Managers for Hotel-Motel Tax.Appointments to the Board of Managers are made by the Mayors of South Bend and Mishawaka and the Saint Joseph
County Commissioners.
Proceeds from the hotel/motel tax fund are budgeted and distributed annually to important economic development and tourism projects in the County.South Bend receives distributions
for the operations,maintenance and debt service of Century Center(convention center),the Cumulative Capital Development Fund(used for repayment of 1994 Century Center Bonds),
repayment of a 2008 Century Center Bond and other capital projects.Hotel/Motel tax will also be used to pay the 2015 Energy Conservation Bond which was issued by the City for the
energy improvements made at the Century Center in 2015.
Century
Center
Fund
Cumulative
Capital Impr.
Fund
2008
Century Center
Bonds
27
Total PSDA%
Year Tax Change
2006 370,556$ -3.73%
2007 387,813 4.66%
2008 396,873 2.34%
2009 617,304 55.54%
2010 640,760 3.80%
2011 409,020-36.17%
2012 721,763 76.46%
2013 597,111-17.27%
2014 551,252-7.68%
2015 628,261 13.97%
Source: City Accounting Records
The PSDA taxes are collected by the Indiana Department of Revenue and are remitted on a monthly basis to Saint Joseph County which issues
a check to the City of South Bend.There are currently four professional sports development areas in the State--South Bend,
Indianapolis/Marion County, Evansville and Ft. Wayne.
PSDA tax revenue increased in 2009 primarily due to the increase in the State of Indiana sales tax rate from 6%to 7%and the increase in local
option income taxes from.8%to 1.75%as a consequence of property tax reform.PSDA tax revenue decreased in 2011 due to delays in
payments in amounts owed by the State until 2012.The decrease PSDA tax revenues in 2014 were due to a delay in payments from the state
whereas the increase in 2015 is due to 12 months of receipts being deposited.
In prior years,PSDA tax revenue has been used to fund the College Football Hall of Fame Capital Fund and the Century Center Capital
Account. Beginning in 2011, PSDA tax revenue will continue to fund the Century Center Capital Account and has also been pledged to pay debt
service on 2010 Coveleski Stadium Taxable Revenue bonds in the amount of$4,980,000 issued on December 23,2010.The bond proceeds
were used to make certain capital improvements to the City-owned facility.The operations of the minor league baseball team(South Bend
Cubs) in the stadium accounts for the majority of PSDA tax revenue earned each year.
Professional Sports Development (PSDA) Tax - Cash Basis
City of South Bend, Indiana
Last Ten Fiscal Years
The Professional Sports Development Area(PSDA)tax is a combination of state income tax withholding,local income tax withholding and sales
tax withholding from businesses and employees in South Bend's designated PSDA area,which includes the College Football Hall of Fame,
Century Center,Coveleski Stadium,Morris Performing Arts Center,Palais Royale Ballroom and Studebaker National Museum.South Bend's
PSDA area was formed on November 3, 1997 and expires on December 31, 2027. PSDA capture of state sales and income taxes ends in 2018.
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Dollars
Year
PSDA Tax Collections -Ten Year Trend
28
City of South Bend, Indiana
Cable Television Franchise Fee Collections - Cash Basis
Last Ten Years
Total %
Year Comcast AT&T Franchise Fees Change
2006 790,111$ -$ 790,111$ 24.15%
2007 692,548- 692,548-12.35%
2008 694,387- 694,387 0.27%
2009 702,048 41,043 743,091 7.01%
2010 817,023 131,263 948,286 27.61%
2011 677,949 176,586 854,535-9.89%
2012 691,586 192,621 884,207 3.47%
2013 736,071 191,529 927,600 4.91%
2014 717,156 238,309 955,465 3.00%
2015 723,676 281,873 1,005,549 5.24%
Source: City Accounting Records
Pursuant to State law,the City of South Bend receives video franchise fees in the
amount of 5%of gross revenue for cable operations in the City.The payments
are made to the City on a quarterly basis.The franchise agreement with Comcast
was effective October 19,1998 and the franchise agreement with AT&T was
effective January 1, 2009.
The video franchise fee revenue is deposited in the General Fund and is used for
general operating costs.A portion of the proceeds(2015-$43,000)are spent on
support of the local public access channel.
Under State law,the City is required to submit an Annual Franchise Fee Report
(State Form 55122)summarizing franchise fee revenue received during the year
and the purpose for which the revenue was expended.The report must be file with
the Indiana Utility Regulatory Commission by March 1st of the following year.
29
DEBT CAPACITY
These schedules present information to help the reader to assess the
affordability of the City of South Bend’s current level of outstanding debt
and the ability of the City of South Bend to issue additional debt in the
future.
30
CITY OF SOUTH BEND, INDIANA
COMPUTATION OF LEGAL DEBT MARGIN
DECEMBER 31, 2015 ($'s whole)
Civil City
Net Assessed Valuation (2014 pay 2015) of Taxable Property in South Bend$2,260,269,318
Debt limit: 2% of one third thereof 15,068,462
Less Bonds subject to limitation:
County Economic Development Income Tax Refunding
Revenue Bonds, Series 2006 A(860,000)
County Economic Development Income Tax Refunding
Revenue Bonds, Series 2006 B(805,000)
Economic Development Income Tax Bonds of 2015
(Parks Bond)(5,605,000)
Issuance Margin$7,798,462
Percentage of Debt to Debt Limit 48.25%
Redevelopment District
Net Assessed Valuation (2014 pay 2015) of Taxable Property in South Bend$2,260,269,318
Debt limit: 2% of one third thereof 15,068,462
Less Bonds subject to limitation:
Special Taxing District Bonds of 2014(2,615,000)
Issuance Margin$12,453,462
Percentage of Debt to Debt Limit 17.35%
A 2%debt limit is established by the Constitution of the State of Indiana.This limit is established for
general obligation bonds,Economic Development Income Tax revenue bonds,tax revenue notes and
other types of indebtedness.This limitation does not include revenue bonds payable from governmental
funds(excluding EDIT bonds)shown in the general long term debt account group.Indiana law allows the
creation of separate municipal corporations to provide vital governmental functions.Each of these
municipal corporations(including the Redevelopment Authority and Redevelopment Commission)has its
own 2% debt limit, even if they have the same or similar boundaries.
31
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Civil City
Debt Limit (1)$18,901,773$20,149,048$19,840,538$17,792,583$16,356,704$15,495,323$15,599,467$15,579,379$14,731,511$15,068,462
Total Net Debt Applicable To Limit 7,367,825 6,685,000 6,105,000 5,500,000 9,850,000 8,910,000 7,650,000 6,335,000 4,970,000 7,270,000
Debt Margin 11,533,948 13,464,048 13,735,538 12,292,583 6,506,704 6,585,323 7,949,467 9,244,379 9,761,511 7,798,462
Percentage of Debt Limit 38.98%33.18%30.77%30.91%60.22%57.50%49.04%40.66%33.74%48.25%
Redevelopment District
Debt Limit (1)$18,901,773$20,149,048$19,840,538$17,792,583$16,356,704$15,495,323$15,599,467$15,579,379$14,731,511$15,068,462
Total Net Debt Applicable To Limit 5,850,000 5,580,000 5,300,000 5,010,000 4,715,000 4,085,000 4,085,001 3,405,000 3,010,000 2,615,000
Debt Margin 13,051,773 14,569,048 14,540,538 12,782,583 11,641,704 11,410,323 11,514,466 12,174,379 11,721,511 12,453,462
Percentage of Debt Limit 30.95%27.69%26.71%28.16%28.83%26.36%26.19%21.86%20.43%17.35%
(1) A 2% of net assessed value debt limit has been established by the Constitution of the State of Indiana for certain type of debt including general obligation bonds,
Economic Development Income Tax bonds and tax revenue notes. This limitation does not apply to revenue bonds payable from governmental or proprietary funds.
City of South Bend, Indiana
Legal Debt Margin Information
Last Ten Fiscal Years ($'s whole)
32
S outh Bend South Bend
Gen e ral T otal Debt Estim a ted D e bt
Fiscal Obligat i on Reven ue Mor tgage Note s/Loans C a pital Reve n ue Mortgag e No t es/Loan s Cap i t al Pr imar y Es t i mated Per Per s onal P e rcent of
Year Bond s Bon ds Bon ds Payable L e a s e s Bon ds Bo nds Payab l e L eases G overn ment Popu l a tion C a pita Incom e I ncome
2006-$ 8 2,4 4 5,000$ 2 7,337,124$ 11,758,552$ 3,5 33,187$ 4 4,345,000$ 972,315$ 19,258,433$ 1,523,594$ 191,173,2 0 5$ 104,457 1,830$ 3,4 5 0,632,538$ 5.54%
2007- 7 8,5 7 0,000 2 5,957,839 7,900,658 7,6 95,487 7 3,145,000 926,805 18,380,491 1,127,394 213,703,6 7 4 104,069 2,053 3,5 1 1,183,991 6.09%
2008- 11 5,2 4 0,000 2 4,534,464 9,543,790 7,3 88,443 6 7,535,000 878,835 17,031,649 628,427 242,780,6 0 8 104,905 2,314 3,7 0 9,126,085 6.55%
2009- 113,9 7 5,000 2 3,061,148 8,470,308 6,2 14,206 6 8,225,000 829,020 16,145,358 893,233 237,813,27 3 106,192 2,239 3,6 7 9,658,992 6.46%
2010- 111,5 1 0,000 2 1,117,295 6,323,199 5,2 99,341 7 2,655,000 717,705 16,755,369 799,402 235,177,31 1 101,168 2,325 3,5 0 5,572,368 6.71%
2 011- 101,4 7 2,431 1 9,724,490 4,431,871 7,5 10,749 8 8,655,000 660,510 15,542,372 1,077,642 239,075,06 5 101,168 2,363 3,3 7 1,120,096 7.09%
2 012- 96,4 1 0,000 1 7,883,530 4,953,639 8,3 36,120 1 1 7,650,000 601,470 13,848,901 3,641,362 263,325,02 2 101,168 2,603 3,3 7 1,120,096 7.81%
2013- 9 0,1 7 2,826 2 3,079,781 3,030,554 8,7 77,238 1 1 8,121,963 546,973 4,121,010 3,831,933 251,682,2 7 8 101,168 2,488 3,3 7 1,120,096 7.47%
2014- 8 4,8 6 2,512 2 1,331,548 1,617,491 8,4 81,375 1 1 1,209,874 480,604 3,794,664 3,307,802 235,085,8 7 0 101,168 2,324 3,3 7 1,120,096 6.97%
2015- 107,8 1 5,890 1 3,904,973 4,831,752 8,4 91,407 1 0 2,871,921 5,851,565 3,458,899 4,411,042 251,637,44 9 101,168 2,487 4,0 3 7,513,712 6.23%
Per cent o f Tot a l Deb t 0.00%42.85%5.53% 1.92% 3.37% 40.88% 2.33% 1.3 7% 1.75%100.0 0%
Sour ces: C i t y o f South Bend Comprehensive Annual Financ i a l Reports
Population statistics o bta i ne d from the U.S. Census Bureau.
C i t y o f South Bend estimated personal income is c o m puted a s e stimated C i ty p o pul a ti on x 2 0 14 S o u th Bend Metro A rea Pe r C apit a Income (see Demog ra phic Statistic s)
City of S outh Bend, Indiana
Ratios of Outstand ing De bt by Type
Last Ten Fiscal Years
Governm e ntal Ac tivities Business-Type Activities
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
1 00%
20 0 6 2 0 07 2008 20 0 9 2 0 10 2 011 201 2 20 13 2 014 201 5
Go v e rnm e ntal Activities D e bt
C a pi t a l L eas es
N o tes/Loa ns P a ya b le
Mo r t gag e B ond s
R e ve n ue Bo nds
Ge neral O b lig atio n Bon d s
0%
1 0%
2 0%
3 0%
4 0%
5 0%
6 0%
7 0%
8 0%
9 0%
10 0%
20 06 2 0 07 2 008 200 9 20 1 0 2 0 11 2 012 201 3 20 1 4 2 0 15
Bus in ess-Typ e Act i v i t i e s Debt
Cap ital Lea ses
Not e s/L oans Pay abl e
M ortga ge Bo nds
Rev enu e Bon d s
33
City of South Bend, Indiana
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
DECEMBER 31, 2015 ($'s whole)
Percentage Amount Ratio of Debt/Ratio of Debt/
Gross Applicable to Applicable to Debt Per Net Assessed Personal
Debt South Bend South Bend Capita Value Income
Direct Debt:
City of South Bend
General Obligation Bonds
Revenue Bonds - Governmental Activities 107,815,890$ 100.00%107,815,890$
Mortgage Bonds - Governmental Activities 13,904,973 100.00 13,904,973
Notes Payable - Governmental Activities 4,831,752 100.00 4,831,752
Capital Leases - Governmental Activities 8,491,407 100.00 8,491,407
Total Direct Debt and Lease Obligation Debt 135,044,022$ 1,335$ 5.97 %3.34 %
Overlapping Debt (1)
South Bend Community School Corporation 153,498,692$ 53.34%81,876,202$
St. Joseph County Public Library 6,925,000 50.03 3,464,578
St. Joseph County Airport Authority 11,770,000 28.63 3,369,751
St. Joseph County 14,535,000 28.63 4,161,371
Penn-Harris-Madison School Corporation 49,730,365 2.71 1,347,693
Mishawaka-Penn-Harris Public Library 2,425,000 2.18 52,865
German Township 340,000 60.58 205,972
Penn Township 645,000 3.29 21,221
Total Overlapping and Underlying Direct Debt and Lease Obligations 94,499,652$ 934$ 4.18 %2.34 %
Total Direct Debt and Lease Obligation Debt and Overlapping and 229,543,674$ 2,269$ 10.16 %5.69 %
Underlying Direct Debt and Lease Obligations
Ratio Factors
Net Assessed Valuation (2014 payable 2015)2,260,269,318
Population - 2010 US Census Bureau 101,168(2)
South Bend Metropolitan Area 2014 Per Capita Income 39,909(3)
Estimated South Bend Total Personal Income (2 x 3)4,037,513,712
(1) Overlapping debt percentages are based on the net assessed value of South Bend properties in proportion to the total net assessed value.
(2) Population statistics obtained from the U.S. Census Bureau (http://factfinder.census/gov/servlet).
(3) South Bend-Mishawaka, IN Metropolitan Area Profile (www.bea.gov). Lastest information available.
34
CITY OF SOUTH BEND, INDIANA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL OBLIGATION BONDED DEBT
TO TOTAL GOVERNMENTAL FUND EXPENDITURES
LAST TEN YEARS
Total Ratio of Debt Service
Fiscal Total Debt Governmental Fund To Governmental Fund
Year Principal Interest Service Expenditures Expenditures
2006 320,000$ 8,160$ 328,160$ 129,527,536$ 0.25%
2007- - - 128,209,220 0.00%
2008- - - 138,022,795 0.00%
2009- - - 142,962,710 0.00%
2010- - - 150,758,014 0.00%
2011- - - 172,397,679 0.00%
2012- - - 162,460,000 0.00%
2013- - - 152,889,475 0.00%
2014- - - 154,300,097 0.00%
2015- - - 172,658,733 0.00%
The City of South Bend has no General Obligation Bonds outstanding. The 1977 Studebaker Corridor bonds were paid off during 2006.
Source - City of South Bend Comprehensive Annual Financial Reports
35
Percent of Net
Gross Debt Service Net GO Bonded Debt Net GO
Tax Year/Net Assessed General Obligation Monies General Obligation To Net Assessed Bonded Debt
Collection Year Population (1)Value Bonded Debt Available Bonded Debt Value Per Capita
2005/2006 104,457 2,835,265,890$ -$ -$ -$ 0.00%-$
2006/2007 104,069 3,022,157,147 - - - 0.00%0.00
2007/2008 104,905 2,976,080,798 - - - 0.00%0.00
2008/2009 106,192 2,668,887,419 - - - 0.00%0.00
2009/2010 101,168 2,453,505,573 - - - 0.00%0.00
2010/2011 101,168 2,324,451,862 - - - 0.00%0.00
2011/2012 101,168 2,380,874,608 - - - 0.00%0.00
2012/2013 101,168 2,371,087,697 - - - 0.00%0.00
2013/2014 101,168 2,209,726,672 - - - 0.00%0.00
2014/2015 101,168 2,260,269,318 - - - 0.00%0.00
(1) Population statistics obtained from the U.S. Census Bureau (http://factfinder.census/gov/servlet).
CITY OF SOUTH BEND, INDIANA
RATIO OF NET GENERAL OBLIGATION BONDED DEBT TO NET ASSESSED VALUATION AND NET BONDED DEBT PER CAPITA
LAST TEN YEARS
36
Projected 2011 B 2013 2015
Hotel/Motel Century Center Century Center Century Center Estimated
Tax Refunding Refunding Energy Conservation Total Annual Excess Estimated
Year Revenues Bonds (1)Bonds Bonds Debt Service Funds Coverage
2016 4,750,000$ 150,000$ 396,000$ 22,585$ 568,585$ 4,181,415$ 835%
2017 4,797,500 150,000 394,000 46,606 590,606 4,206,894 812%
2018 4,845,475 - 395,000 162,702 557,702 4,287,773 869%
2019 4,893,930 - 396,500 280,090 676,590 4,217,340 723%
2020 4,942,869 - 397,000 285,614 682,614 4,260,255 724%
2021 4,992,298 - 396,500 291,274 687,774 4,304,524 726%
2022 5,042,221 - 395,000 297,175 692,175 4,350,046 728%
2023 5,092,643 - 394,500 303,221 697,721 4,394,922 730%
2024 5,143,569 - 396,000 309,315 705,315 4,438,254 729%
2025 5,195,005 - 283,500 315,561 599,061 4,595,944 867%
2026 5,246,955 - 84,500 321,964 406,464 4,840,491 1291%
2027 5,299,425 - - 328,529 328,529 4,970,896 1613%
2028 5,352,419 - - 335,259 335,259 5,017,160 1597%
2029 5,405,943 - - 342,159 342,159 5,063,784 1580%
2030 5,460,003 - - 349,334 349,334 5,110,669 1563%
2031 5,514,603 - - 176,508 176,508 5,338,095 3124%
Total 81,974,856$ 300,000$ 3,928,500$ 4,167,896$ 8,396,396$ 73,578,460$ 976%
Source: Saint Joseph County Hotel/Motel Tax Board financial reports
City of South Bend Debt Schedules
(1) $150,000 paid from hotel/motel tax revenue. The balance paid from City of South Bend revenue sources.
Saint Joseph County Hotel/Motel Tax Board
Statement of Estimated Cash Flow and Debt Service Coverage
37
City of South Bend, Indiana
SCHEDULE OF REVENUE BOND COVERAGE
WATER UTILITY BONDS
LAST TEN YEARS ($'s whole)
Gross Net Revenue Debt Service Requirements
Operating Operating Available for Debt
Year Revenue Expenses (1)Debt Service Principal Interest Total Coverage
2006 13,166,166$ 7,369,035$ 5,797,131$ 2,485,622$ 1,042,309$ 3,527,931$ 164%
2007 13,748,213 8,296,075 5,452,138 2,764,265 1,015,524 3,779,789 144%
2008 13,343,210 8,528,933 4,814,277 2,908,014 888,199 3,796,213 127%
2009 13,471,890 8,838,405 4,633,485 2,481,871 754,108 3,235,979 143%
2010 13,513,995 8,560,390 4,953,605 2,605,840 937,293 3,543,133 140%
2011 14,032,074 9,301,552 4,730,522 2,729,925 823,265 3,553,190 133%
2012 14,190,243 9,021,274 5,168,969 821,847 823,944 1,645,791 314%
2013 13,783,701 10,665,913 3,117,788 1,241,768 809,673 2,051,441 152%
2014 14,373,176 10,105,709 4,267,467 1,251,588 769,025 2,020,613 211%
2015 14,204,285 10,651,321 3,552,964 1,319,285 732,394 2,051,679 173%
(1) Operating expenses exclude depreciation.
Operating revenue used to make debt service payments is obtained primarily through monthly user charges to water customers.
Source - City of South Bend Comprehensive Annual Financial Report.
38
CITY OF SOUTH BEND, INDIANA
SCHEDULE OF REVENUE BOND COVERAGE
WASTEWATER UTILITY BONDS
LAST TEN YEARS ($'s whole)
Gross Net Revenue Debt Service Requirements
Operating Operating Available for Debt
Year Revenue Expenses (1)Debt Service Principal Interest Total Coverage
2006 18,058,615$ 9,650,301$ 8,408,314$ 2,481,626$ 1,273,423$ 3,755,049$ 224%
2007 20,685,490 10,389,691 10,295,799 2,863,218 1,364,272 4,227,490 244%
2008(2)22,941,734 14,079,734 8,862,000 3,701,524 2,647,324 6,348,848 140%
2009 24,313,147 17,504,825 6,808,322 3,130,000 2,557,940 5,687,940 120%
2010 25,444,404 12,193,363 13,251,041 3,385,205 2,314,275 5,699,480 232%
2011 29,023,547 14,869,660 14,153,887 3,867,584 2,737,027 6,604,611 214%
2012 30,963,483 13,777,728 17,185,755 4,736,450 3,489,057 8,225,507 209%
2013 31,926,078 11,526,554 20,399,524 5,080,425 3,354,156 8,434,581 242%
2014 34,009,117 14,313,967 19,695,150 6,320,626 3,376,045 9,696,671 203%
2015(3)36,635,501 13,557,598 23,077,903 4,691,336 3,419,351 8,110,687 285%
(1) Operating expenses exclude depreciation.
(2) Two large Sewage Works revenue bonds were issued during 2007 with principal and interests payments beginning in 2008.
These bonds are part of the City of South Bend's long term combined sewer overflow (CSO) control plan.
(3) Sewer bonds were refunded in 2015 and the principal repayments are no included in the 2015 principal total.
Operating revenue used to make debt service payments is obtained primarily through monthly user charges to sewer customers.
Source - City of South Bend Comprehensive Annual Financial Report
39
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Capacity (MGD)48 48 48 48 48 48 48 48 48 48
Average Daily Flow 31.67 32.45 37.80 38.42 30.86 35.80 31.77 30.69 32.00 30.20
Peak Flow 50.70 60.30 75.00 68.80 62.00 72.50 63.70 62.50 68.50 57.70
Annual Flow (MG)11,559 11,845 13,835 14,024 11,264 13,068 11,596 11,203 11,677 11,023
Number of Customers - South Bend Municipal Sewage Works
Total Number
Year of Customers
2006 39,124
2007 37,018
2008 38,282
2009 36,664
2010 38,455
2011 39,027
2012 39,068
2013 39,322
2014 39,461
2015 39,763
Source: City of South Bend Environmental Services Department
City of South Bend, Indiana
SOUTH BEND MUNICIPAL SEWAGE WORKS
Annual Wastewater Flow Data
40
City of South Bend, Indiana
South Bend, Indiana ($'s whole)
Statement of City-Owned Utility Debt
South Bend Municipal Sewage Works
Sewage Works Revenue Bonds of 2010 7,530,000$
Sewage Works Revenue Bonds of 2011 18,175,000
Sewage Works Revenue Bonds of 2012 21,935,000
Sewage Works Revenue Bonds of 2013 A 9,970,000
Sewage Works Refunding Revenue Bonds of 2015 27,440,000
Total Sewage Utility Debt 85,050,000$
South Bend Municipal Waterworks
Waterworks Revenue Bonds of 2000
State Revolving Fund (SRF) Loan 698,431$
Waterworks Revenue Bonds of 2006 3,090,000
Waterworks Revenue Bonds of 2009, Series A
State Revolving Fund (SRF) Loan 352,793
Waterworks Revenue Bonds of 2009, Series B
Indiana Bond Bank 4,555,000
Waterworks Revenue Bonds of 2012 2,745,000
Waterworks Revenue Refunding Bonds of 2012, Series B 7,275,000
Total Water Utility Debt 18,716,224$
Total Utility Debt 103,766,224$
Source: City of South Bend Finance Administration
December 31, 2015
41
Estimated Debt Service Coverage Calculation of Sewage Works
Operating Revenues 35,635,501$
Less: Operation and Maintenance Expenses (Net of Depreciation)(13,557,598)
Net Revenues Available for Debt Service 22,077,903
Estimated Combined Annual Debt Service 8,110,687
Coverage - $13,967,216$
Coverage - %272%
City of South Bend, Indiana
South Bend, Indiana ($'s whole)
December 31, 2015
42
City of South Bend, Indiana
South Bend, Indiana ($'s whole)
Estimated Debt Service Coverage Calculation of Water Utility
Operating Revenues 14,204,285$
Less: Operation and Maintenance Expenses (Net of Depreciation)(10,651,321)
Net Revenues Available for Debt Service 3,552,964
Estimated Combined Maximum Annual Debt Service 2,051,679
Coverage - $1,501,285$
Coverage - %173%
December 31, 2015
43
City of South Bend, Indiana
Projected City of South Bend COIT Revenues ($'s whole)
.6% COIT Tax Rate
Levy is used to Distribute COIT
Projected
St. Joseph County Projected COIT Amount
Year of Projected COIT Available For
Collection Distribution Debt Service
2016 26,435,155$ 33.52%(1)8,859,912$
2017 26,699,507 33.52%8,949,675
2018 26,966,502 33.52%9,039,171
2019 27,236,167 33.52%9,129,563
2020 27,508,528 33.52%9,220,859
2021 27,783,614 33.52%9,313,067
2022 28,061,450 33.52%9,406,198
2023 28,342,064 33.52%9,500,260
2024 28,625,485 33.52%9,595,263
2025 28,911,740 33.52%9,691,215
Total 92,705,182$
(1) Kept constant based on 2016.
Source: Department of Local Government Finance (DLGF)
44
City of South Bend, Indiana
Projected City of South Bend CEDIT Revenues ($'s whole)
.4% CEDIT Tax Rate
Levy is used to Distribute CEDIT
Projected
St. Joseph County CEDIT Amount
Year of Projected Projected Available For
Collection Distribution CEDIT Debt Service
2016 23,081,049$ 39.78%(1)9,181,641$
2017 23,311,859 39.78%9,273,458
2018 23,544,978 39.78%9,366,192
2019 23,780,428 39.78%9,459,854
2020 24,018,232 39.78%9,554,453
2021 24,258,414 39.78%9,649,997
2022 24,500,999 39.78%9,746,497
2023 24,746,009 39.78%9,843,962
2024 24,993,469 39.78%9,942,402
2025 25,243,403 39.78%10,041,826
Total 96,060,283$
(1) Kept constant based on 2016.
Source: Department of Local Government Finance (DLGF)
45
Projected Redevelopment COIT First Mortgage First Mortgage
City of South Bend District Lease Rental Revenue Revenue Refunding Revenue Bonds Estimated
COIT Taxable Revenue Refunding Bonds of 2010 Bonds, Series 2012 Series 2013 Total Lease Excess Estimated
Year Revenues Bonds, Series 2010 Lease Payments Lease Payments Lease Payments Payments Funds Coverage
2016 8,859,912$ 732,604$ 673,000$ 1,572,000$ 404,155$ 3,381,759$ 5,478,153$ 262%
2017 8,949,675 720,905 675,000 1,570,000 402,480 3,368,385 5,581,290 266%
2018 9,039,171 706,650 675,000 1,564,000 395,730 3,341,380 5,697,791 271%
2019 9,129,563 - 673,000 1,562,000 398,830 2,633,830 6,495,733 347%
2020 9,220,859 - 678,000 1,567,000 396,705 2,641,705 6,579,154 349%
2021 9,313,067 - - 1,567,000 399,355 1,966,355 7,346,712 474%
2022 9,406,198 - - 1,563,000 396,780 1,959,780 7,446,418 480%
2023 9,500,260 - - 1,563,000 398,980 1,961,980 7,538,280 484%
2024 9,595,263 - - - 406,543 406,543 9,188,720 2360%
2025 9,691,215 - - - 411,493 411,493 9,279,722 2355%
2026 9,788,127 - - - 410,643 410,643 9,377,484 2384%
2027 9,886,009 - - - 414,149 414,149 9,471,860 2387%
2028 9,984,869 - - - 421,605 421,605 9,563,264 2368%
2029 10,084,717 - - - 422,742 422,742 9,661,975 2386%
2030 10,185,565 - - - 422,742 422,742 9,762,823 2409%
2031 10,287,420 - - - 427,550 427,550 9,859,870 2406%
2032 10,390,294 - - - 431,254 431,254 9,959,040 2409%
2033 10,494,197 - - - 433,925 433,925 10,060,272 2418%
2033 10,599,139 - - - 433,925 433,925 10,165,214 2443%
Total 184,405,520$ 2,160,159$ 3,374,000$ 12,528,000$ 7,829,586$ 25,891,745$ 158,513,775$ 712%
Source: City of South Bend Finance Department
Statement of Estimated Cash Flow and Debt Service Coverage - COIT ($'s whole)
City of South Bend, Indiana
46
Projected 2006 2014 2015
City of South Bend CEDIT Refunding St. Joseph County Parks/CEDIT Estimated
CEDIT Bonds PSAP Revenue Bond Total Lease Excess Estimated
Year Revenues Bond Payments Funds Coverage
2016 9,181,641$ 884,030$ -$ 380,106$ 1,264,136$ 7,917,505$ 726%
2017 9,273,458 439,933 183,437 390,482 1,013,851 8,259,606 915%
2018 9,366,192 - 198,966 379,107 578,073 8,788,119 1620%
2019 9,459,854 - 199,242 382,732 581,974 8,877,880 1625%
2020 9,554,453 - 199,460 381,132 580,592 8,973,861 1646%
2021 9,649,997 - 199,271 374,382 573,653 9,076,344 1682%
2022 9,746,497 - 199,423 372,557 571,980 9,174,517 1704%
2023 9,843,962 - 199,423 375,582 575,005 9,268,957 1712%
2024 9,942,402 - 199,314 368,382 567,696 9,374,705 1751%
2025 10,041,826 - 154,405 381,032 535,437 9,506,389 1875%
2026 10,142,244 - 155,363 373,232 528,595 9,613,649 1919%
2027 10,243,667 - 154,724 375,357 530,081 9,713,586 1932%
2028 10,346,103 - 155,298 377,182 532,480 9,813,623 1943%
2029 10,449,564 - 154,128 383,616 537,744 9,911,820 1943%
2030 10,554,060 - 154,172 384,038 538,210 10,015,850 1961%
2031 10,659,600 - 154,051 388,463 542,514 10,117,086 1965%
2032 10,766,197 - 153,630 387,176 540,806 10,225,390 1991%
2033 10,873,858 - 153,038 389,813 542,851 10,331,007 2003%
2034 10,982,597 - 153,582 391,781 545,363 10,437,234 2014%
2035 11,092,423 - - 593,094 593,094 10,499,329 1870%
Total 202,170,596$ 1,323,963$ 3,120,929$ 7,829,246$ 12,274,138$ 189,896,459$ 1647%
Source: City of South Bend Finance Department
City of South Bend, Indiana
Statement of Estimated Cash Flow and Debt Service Coverage - CEDIT ($'s whole)
47
City of South Bend, Indiana
Erskine Village Project ($'s whole)
Estimated Tax Increment Revenues
Estimated 12/13 Estimated
Tax Year /Tax Net Tax Tax Increment
Collection Year Increment (1)Rate (2)Revenue
2012/2013 1,311,129$ 3.6197$ 1,311,129$
2013/2014 9,175$ -$ 9,175$
2014/2015 19,183$ -$ 19,183$
(1) The City passed back incremental assessed value for payable year 2013.
The City will make a yearly decision on the passback of incremental
assessed value. The Redevelopment Commission released TIF for
2013 pay 2014.
Source: City of South Bend Finance Department
48
DEMOGRAPHIC AND ECONOMIC INFORMATION
These schedules present various demographic and economic indicators to
help the reader understand the environment within the City of South Bend
that affects the City’s financial activities.
49
South Bend South Bend
Metropolitan Metro Area South Bend City of
City of Percent Area Percent Total Personal Percent Metro Area Percent City of South Bend Percent
South Bend Increase/Median Family Increase/Income (3)Increase/Per Capita Increase/South Bend Public School Increase/
Year Population (1)(Decrease)Income (4)(Decrease)(Millions)(Decrease)Income (3)(Decrease)Median Age (4)Enrollment (2)(Decrease)
2006 104,457-1.2%39,046 2.8%8,958 4.6%33,034 2.2%34.6 21,926-0.8%
2007 104,069-0.4%44,400 13.7%8,978 0.2%33,739 2.1%34.6 21,715-1.0%
2008 104,905 0.8%40,684-8.4%9,396 4.7%35,357 4.8%34.6 20,800-4.2%
2009 106,192 1.2%43,403 6.7%9,466 0.7%34,651-2.0%32.3 20,451-1.7%
2010 101,168-4.7%40,789-6.0%9,289-1.9%34,286-1.1%33.4 20,066-1.9%
2011 101,168 0.0%40,873 0.2%9,768 5.2%33,322-2.8%33.3 19,467-3.0%
2012 101,168 0.0%40,873 0.0%9,768 0.0%33,322 0.0%33.3 18,982-2.5%
2013 101,168 0.0%40,873 0.0%10,162 4.0%38,152 14.5%33.3 19,680 3.7%
2014 101,168 0.0%34,656-15.2%12,740 25.4%39,909 4.6%33.9 19,308-1.9%
2015 101,168 0.0%34,656 0.0%12,740 0.0%39,909 0.0%34.0 18,680-3.3%
Sources:
(4) U.S. Census Bureau (http://factfinder2.census.gov). 2015 information not available for Median Family Income.
(3) South Bend-Mishawaka, IN_MI Metropolitan Area Profile (www.bea.gov/). 2015 information not available.
(2) South Bend Community School Corporation Administration office for enrollment on October 1, 2015.
(1) U.S. Census Bureau 2010 Census information (http://factfinder2.census.gov). No 2015 information available.
CITY OF SOUTH BEND, INDIANA
DEMOGRAPHIC STATISTICS
LAST TEN YEARS
50
December December December
South Bend South Bend South Bend
Metropolitan Percent Metropolitan Percent Metropolitan
Area Labor Increase/Area Increase/Unemployment
Year Force (1)(Decrease)Unemployment (1)(Decrease)Rate (1)
2006 134,651 0.5%6,501-6.5%4.8%
2007 132,693-1.5%6,291-3.2%4.7%
2008 133,433 0.6%12,476 98.3%9.4%
2009 123,792-7.2%13,474 8.0%10.9%
2010 125,853 1.7%12,648-6.1%10.0%
2011 129,438 2.8%12,366-2.2%9.6%
2012 124,968-3.5%12,108-2.1%9.7%
2013 124,145-0.7%9,211-23.9%7.4%
2014 125,693 1.2%8,017-13.0%6.4%
2015 130,912 4.2%6,538-18.4%5.0%
Source:
CITY OF SOUTH BEND, INDIANA
DEMOGRAPHIC STATISTICS (CONTINUED)
LAST TEN YEARS
(1) South Bend-Mishawaka, IN_MI Metropolitan Area Profile (http://www.stats.indiana.edu).
"Labor Force Overview" employment statistics annual averages.
51
South Bend - Mishawaka Metropolitan Statistical Area
Employment By Type and Industry
Last Ten Years
Description 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 **
Total employment 173,180 173,782 174,814 172,488 163,879 162,658 165,560 164,605 164,832 166,972
By Type
Wage and salary employment 147,110 147,207 147,123 144,979 135,940 134,905 137,218 136,839 136,543 138,653
Proprietors employment 26,070 26,575 27,691 27,509 27,939 27,753 28,342 27,766 28,289 28,319
Farm proprietors employment 1,391 1,332 1,350 1,333 1,330 1,339 1,340 1,294 1,292 1,303
Nonfarm proprietors employment 24,679 25,243 26,341 26,176 26,609 26,414 27,002 26,472 26,997 27,016
By Industry
Farm employment 2,065 1,961 1,966 1,841 1,866 1,883 1,977 1,909 1,943 1,686
Nonfarm employment 171,115 171,821 172,848 170,647 162,013 160,775 163,583 162,696 162,889 165,286
Private nonfarm employment 152,969 153,648 154,753 152,421 143,674 142,492 145,406 145,406 146,107 148,724
Forestry, fishing, and related activities(D)(D)181(D)(D)236 260 295 288(D)
Mining(D)57 56 99 103 183 156 192 206(D)
Utilities(D)(D)(D)(D)(D)(D)(D)(D)(D)(D)
Construction 9,524 9,311 9,053 9,079 7,813 6,816 6,805 6,535 6,780 6,797
Manufacturing 21,917 20,962 20,376 19,328 16,503 16,266 17,601 17,650 17,120 17,619
Wholesale trade 7,991 8,320 8,147 7,921 7,015 7,122 7,225 7,078 6,880 7,035
Retail trade 20,078 20,001 20,050 19,011 17,946 17,498 17,654 17,472 17,413 17,563
Transportation and warehousing(D)(D)(D)(D)(D)4,139(D)(D)(D)(D)
Information 2,679 2,648 2,641 2,525(D)2,165 2,029 2,049 2,221 2,201
Finance and insurance 6,513 6,744 6,873 6,945 6,874 6,692 6,894 6,673 6,142 6,091
Real estate and rental and leasing 5,633 5,603 5,709 5,542 5,188 4,936 5,088 4,883 4,980 5,050
Professional, scientific, and technical services 7,238 7,558 7,784 7,736 7,713 7,627 7,573 7,495 7,997 7,950
Management of companies and enterprises 902 924 1,113 1,235 1,256(D)(D)1,484 2,130 2,234
Administrative and waste management services 8,254 8,892 9,419 8,973 7,967 8,413 8,283 7,843 7,641 8,079
Educational services 12,645 12,677 12,870 13,251 13,055 13,169 13,730 14,096(D)(D)
Health care and social assistance 18,427 19,690 20,072 20,259 20,818 20,239 21,208 21,854(D)(D)
Arts, entertainment, and recreation 2,674 2,777 2,850 2,809 2,603 2,577 2,743 2,716 2,796 2,687
Accommodation and food services 11,329 11,343 11,335 11,627 10,925 11,010 11,557 11,795 12,157 12,359
Other services, except public administration 10,100 10,118 10,296 10,118(D)9,704 10,001 10,039 10,101 10,315
Government and government enterprises 18,146 18,173 18,095 18,226 18,339 18,283 18,177 17,290 16,782 16,562
Federal, civilian 1,251 1,243 1,236 1,223 1,241 1,265 1,091 1,071 1,009 962
Military 947 1,019 995 1,003 1,013 1,003 1,043 1,007 990 1,009
State and local 15,948 15,911 15,864 16,000 16,085 16,015 16,043 15,212 14,783 14,591
State government 3,055 3,108
3,069 3,188 3,350 3,434 3,535 3,457 3,265 3,036
Local government 12,893 12,803 12,795 12,812 12,735 12,581 12,508 11,755 11,518 11,555
Source: Bureau of Local Economic Analysis (www.bea.gov)
(D) - information not shown on the BEA website to avoid disclosure of confidential information but estimates are included in the totals
** 2014 is the most recent year available as of the date of publication of this information.
52
CITY OF SOUTH BEND, INDIANA
COMPARISON OF GROWTH RATES IN PERSONAL INCOME FOR ST. JOSEPH COUNTY,
THE STATE OF INDIANA AND U.S. PERSONAL INCOME
LAST TEN YEARS
Amount in Amount in
Millions Billions Annual Percentage Increase
St. Joseph Co.Indiana U.S.St. Joseph Co.Indiana U.S.
Calendar Personal Personal Personal Personal Personal Personal
Year Income Income Income Income Income Income
2006 8,958$ 203,502$ 10,968$ 4.59%5.25%6.65%
2007 8,978 204,877 11,074 0.22%0.68%0.97%
2008 9,396 210,447 11,634 4.66%2.72%5.06%
2009 9,466 220,670 12,225 0.74%4.86%5.08%
2010 9,289 218,527 12,168 -1.87%-0.97%-0.47%
2011 9,678 232,586 12,949 4.19%6.43%6.42%
2012 10,162 249,198 13,729 5.00%7.14%6.02%
2013 10,132 253,779 14,211 -0.30%1.84%3.51%
2014 12,740 253,779 13,977 25.74%0.00%-1.65%
2015 *12,740 275,348 15,545 0.00%8.50%11.22%
6.93%4.78%5.10%
4.28%3.71%4.57%
Source
Bureau of Economic Analysis US Department of Commerce Bearfacts (www.bea.gov)
Average Annual Growth - Most Recent 5 Years
Average Annual Growth - Most Recent 10 Years
53
2015 2006
Number of Percent Number of Percent
Employer Type of Business Employees of Total Rank Employees of Total Rank
Beacon Health System Health Care 6,913 5.66%1 3,600 2.67%2
University of Notre Dame College/University 5,590 4.58 2 4,200 3.11 1
South Bend Community School Corp Public Schools 2,880 2.36 3 3,338 2.47 3
AM General Corporation Manufacturing/Assembly 2,858 2.34 4 2,292 1.70 5
Trinity Health/St. Joseph Regional Medical Center Health Care 2,597 2.13 5
Honeywell Aerospace Aerospace Manufacturing 1,499 1.23 6
Indiana University South Bend College/University 1,445 1.18 7 1,400 1.04 8
City of South Bend Government 1,098 0.90 8 1,288 0.95 9
St. Joseph County Government 1,068 0.87 9 2,025 1.50 6
Schurz Communication, Inc.News and Information 1,000 0.82 10
The Diocese of Fort Wayne/South Bend Parochial Schools 1,750 1.30 7
Madison Center Health Care 1,239 0.92 10
Total Number of Employees 26,948 22.08%17,532 13.00%
Total Employees - South Bend Metropolitan Area Labor Force 122,074 100.00%134,889 100.00%
Source:
St. Joseph County Chamber of Commerce 2015 Economic Profile
South Bend-Mishawaka, IN_MI Metropolitan Area Profile (http://www.stats.indiana.edu). "Labor Force Overview" employment statistics annual averages.
City of South Bend, Indiana
Principal Employers - Current and Nine Years Ago
DECEMBER 31, 2015 ($'s whole)
54
OPERATING AND OTHER INFORMATION
These schedules contain information about the City of South Bend’s
operations and resources to help the reader understand how the City’s
financial information relates to the services the City provides and the
activities it performs. Included in this section is other non-required
information that the City has determined is relevant and useful to the reader
of the financial statements.
55
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/program
Police
Physical arrests 5,932 4,589 4,091 3,785 3,077 3,626 3,174 2,959 2,608 2,483
Parking violations 515 1,820 1,672 1,479 979 904 1,051 1,019 299 691
Traffic violations 16,583 1,626 5,901 11,746 14,163 4,236 7,561 2,180 1,487 4,327
Fire
Emergency responses 14,297 14,822 15,123 14,341 15,578 15,408 15,720 15,865 15,902 15,340
Fires extinguished 227 279 264 264 225 251 214 220 227 213
Inspections 4,875 4,302 4,467 4,205 4,233 3,553 3,325 2,273 3,133 3,778
Refuse collection
Refuse collected (tons per day) (1)269 267 137 70 120 123 128 122 128 149
Other public works
Street resurfacing (miles)15.00 16.50 14.70 14.50 20.30 18.10 16.90 21.00 22.00 17.10
Potholes repaired (tonnage)239.88 923.00 898.00 629.22 380.00 332.32 117.21 691.00 826.25 526.05
Parks and recreation
Athletic field permits issued 700 1,000 738 700 381 227 133 93 120 113
Fitness Center Admissions 61,452 63,088 70,193 74,438 60,118 67,408 61,002 63,671 67,428 64,547
Water
New billable housing starts 471 321 299 194 179 144 160 242 141 108
Water mains breaks 54 105 72 87 76 60 66 80 134 99
Average daily consumption 17,704 19,042 18,280 16,100 15,955 15,600 16,600 15,300 11,000 14,500
(thousands of gallons)
Wastewater
Average daily sewage treatment 32,800 35,970 37,800 41,200 30,861 35,800 31,770 30,690 31,991 30,200
(thousands of gallons)
Sources: Various city departments
(1) 2007 and prior years were in cubic yards
Fiscal Year
City of South Bend, Indiana
Operating Indicators by Function/Program
Last Ten Fiscal Years
56
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/program
Police
Stations 1111111111
Patrol units 25 25 25 25 25 19 19 19 19 19
Fire
Stations 11 11 11 11 11 11 11 11 11 11
Training Center 0000000011
Rescue units 31 32 32 33 33 33 33 33 33 33
Refuse collection
Collection trucks 22 22 22 21 23 23 19 19 19 19
Other public works
Streets (miles)500 500 500 532 532 499 525 525 525 525
Streetlights 1,060 1,170 1,242 2,500 2,500 2,500 2,700 2,700 3,000 3,015
Traffic signals 167 160 160 162 162 164 165 167 162 158
Parks and recreation
Acreage 1,292 1,292 1,292 1,292 1,292 1,292 1,292 1,292 1,292 1,292
Playgrounds 47 47 47 47 47 47 47 47 47 47
Baseball/softball diamonds 26 27 27 27 27 27 27 27 27 27
Soccer/football fields 17 17 17 17 17 17 19 19 19 19
Swimming pools 2222222222
Community center 5555555533
Water
Water mains (miles)553 558 560 560 580 582 583 584 583 583
Fire hydrants 5,013 4,000 5,081 5,317 5,345 5,377 5,401 5,436 5,448 5,439
Storage capacity (thousands of gallons)17,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300
Wastewater
Sanitary sewers ( miles)540 540 540 534 534 534 528 526 527 527
Storm sewers (miles)200 200 200 200 127 127 133 133 133 133
Treatment capacity (thousands of gallons)48,000 48,000 48,000 48,000 48,000 48,000 48,000 48,000 48,000 48,000
Sources: Various city departments
Last Ten Fiscal Years
Fiscal Year
City of South Bend, Indiana
Capital Asset and Infrastructure Statistics by Function/Program
57
CITY OF SOUTH BEND, INDIANA
NEW CONSTRUCTION - NUMBER OF PERMITS AND PROPERTY VALUES
Last Ten Fiscal Years
(Dollar Amounts in 000's)
Public
Residential Residential Commercial Commercial Public Utility Manufacturing Manufacturing Total Value
Number of Value Number of Value Utility Number Value Number of Value Total Value Increase/
Year Permits(in 000's)Permits(in 000's)of Permits(in 000's)Permits(in 000's)(in 000's)(Decrease)
2006 102 17,241 21 36,749 2,282 34,836 2 7,927 96,753 -2.4%
2007 103 18,314 28 27,082 1,907 28,720 5 6,612 80,728 -16.6%
2008 55 10,032 15 44,678 1,662 29,685 1 2,416 86,811 7.5%
2009 48 8,467 10 29,451 1,627 28,785 - - 66,703 -23.2%
2010 35 7,450 5 28,283 1,221 25,998 - - 61,731 -7.5%
2011 33 6,300 14 10,737 880 20,265 1 2,023 39,325 -36.3%
2012 45 9,827 11 21,247 - - 2 2,291 33,365 -15.2%
2013 50 15,136 8 4,954 - - 1 160 20,250 -39.3%
2014 51 13,101 12 10,392 - - - - 23,493 -29.6%
2015(1)77 18,615 70 415,219 - - 6 28,460 462,294 2182.9%
Source - Consolidated City/County Building Department
(1) - Increase in commercial construction due to major construction taking place at the University of Notre Dame.
58
Department 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
General Government
Mayor's Office 10.00 10.00 9.00 8.00 7.00 7.00 6.00 6.00 7.00 7.00
City Clerk's Office 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Common Council (elected officials, part-time)9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00
Administration and Finance 32.00 31.00 29.00 26.00 26.00 27.00 22.00 20.00 21.00 18.00
Legal Department 15.00 15.00 15.00 9.00 9.00 9.00 9.00 10.00 10.00 12.00
Engineering 19.00 18.50 18.50 16.00 19.00 17.00 15.00 13.00 14.00 16.00
311 Call Center- - - - - - - 5.00 7.00 7.00
Safety and Risk
- - - - - - 3.00 3.00 3.00 2.00
Human Rights
- - - - - - 6.00 6.00 6.00 6.00
Public Safety
Police Department 317.00 320.00 317.00 279.00 293.00 293.00 291.00 291.00 295.00 300.00
Communication Center 31.00 30.00 30.00 37.00 38.00 35.00 35.00 33.00 34.00 0.00
Fire Department 255.00 254.00 254.00 246.00 255.00 258.00 249.00 255.00 257.00 259.00
Building Maintenance 7.00 7.00 7.00 4.00 3.00 3.00- - - -
Culture and Recreation
Parks and Recreation (2)122.00 122.00 121.00 111.00 113.00 114.00 114.00 113.00 87.00 88.00
Convention and Events Management (1)49.00 16.00 15.00 13.00 13.00 14.00 14.00 14.00 14.00 14.00
Economic Development
Department of Community Investment 42.00 35.00 33.00 26.00 26.00 25.00 24.00 26.00 25.00 25.00
Highways and Streets
Street Department 66.00 54.00 54.00 51.00 52.00 56.00 52.00 60.00 59.00 53.00
Traffic & Lighting 11.00 11.00 11.00 6.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Funds
Water Works 86.00 86.00 80.00 82.00 75.00 74.00 73.00 70.00 68.00 67.00
Wastewater 53.00 54.50 56.50 48.00 51.00 49.00 46.00 45.00 42.00 43.00
Organic Resources (formerly in Wastewater)
- - - - - - 6.00 6.00 6.00 6.00
Sewer 29.00 28.00 28.00 33.00 35.00 36.00 39.00 34.00 33.00 30.00
Solid Waste 31.00 26.00 26.00 26.00 26.00 23.00 24.00 26.00 22.00 21.00
Building Department 22.00 22.00 22.00 15.00 13.00 13.00 13.00 14.00 13.00 13.00
Code Enforcement (formerly General Gov't)28.00 27.00 27.00 27.00 23.00 25.00 25.00 24.00 23.00 23.00
Internal Service Fund
Central Services 49.00 49.00 46.00 39.00 41.00 41.00 42.00 43.00 38.00 36.00
Total Positions 1,288.00 1,230.00 1,213.00 1,116.00 1,132.00 1,133.00 1,122.00 1,131.00 1,098.00 1,060.00
Department 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Summary by Activity
General Government 90.00 88.50 85.50 73.00 75.00 74.00 75.00 77.00 82.00 82.00
Public Safety 610.00 611.00 608.00 566.00 589.00 589.00 575.00 579.00 586.00 559.00
Culture and Recreation 171.00 138.00 136.00 124.00 126.00 128.00 128.00 127.00 101.00 102.00
Economic Development 42.00 35.00 33.00 26.00 26.00 25.00 24.00 26.00 25.00 25.00
Highways and Streets 77.00 65.00 65.00 57.00 52.00 56.00 52.00 60.00 59.00 53.00
Enterprise Funds 249.00 243.50 239.50 231.00 223.00 220.00 226.00 219.00 207.00 203.00
Internal Service Fund 49.00 49.00 46.00 39.00 41.00 41.00 42.00 43.00 38.00 36.00
Total Positions 1,288.00 1,230.00 1,213.00 1,116.00 1,132.00 1,133.00 1,122.00 1,131.00 1,098.00 1,060.00
Excludes seasonal, part-time and temporary positions
(1) Includes reduction of 34 positions in the City's convention facility (Century Center) during 2007. Century Center is being managed b y a priv ate company under an agreement
with the City of South Bend.
(2) Potawatomi Zoo employees (33) became employees of the Potawatomi Zoolog ical Society thr ough a public-private partnership as of January 1, 2014.
Source: City of South Bends Performance Based Budgets and personnel records
City of South Bend, Indiana
Full-Time Equivalent City Government Employees by Department
Last Ten Fiscal Years
0.00
200.00
400.00
600.00
800.00
1,000.00
1,200.00
1,400.00
Summary of Employees by Activity
Total Positions
Pub lic Safety
Enterprise Funds
Culture and Recreation
General Government
Highways and Streets
Internal Service Fund
Economic Development
59
-----1st Class Patrol Officer----- ---1st Class Fire Fighter---
Year Percent Base Salary Percent Base Salary Non-bargaining Teamsters
1990 3.62%20,071$ 4.74%19,869$ 3.00-4.00%.25 per hour
1991 0.92%20,256 2.52%20,369 3.00%.25 per hour
1992 4.69%21,206 2.45%20,869 3.00%.30 per hour
1993 0.44%21,300 5.00%21,912 4.24%0.00%
1994 2.35%21,800 0.00%21,912 1.50% + $300 bonus.15 per hour
1995 4.82%22,850 3.00%22,569 1.50% + $300 bonus.30 per hour
1996 4.38%23,850 5.00%23,697 3.00%.27 per hour
1997 4.19%24,850 4.87%24,850 3.00%.33 per hour
1998 4.63%26,000 0.60%25,000 3.00%.37 per hour
1999 3.85%27,000 2.60%25,650 3.25%3.50%
2000 5.56%28,500 9.34%28,045 3.50%3.50%
2001 9.74%31,275 11.52%31,275 3.50%4.00%
2002 4.50%32,682 4.03%32,534 4.00%4.00%
2003 5.57%34,504 4.04%33,850 4.00%4.00%
2004 6.01%36,578 5.17%35,600 4.00%4.00%
2005 9.36%40,000 12.36%40,000 4.00%4.00%
2006 2.50%41,000 2.00%40,800 2.00%4.25%
2007 2.50%42,025 2.50%41,820$750/0%.38 per hour
2008 3.50%43,496 3.50%43,285 3.00%3.00%
2009 2.20%44,453 2.00%44,150 2.00%2.00%
2010 0.00%44,453 6.80%47,150 2.00%2.00%
2011 11.50%49,563 4.06%49,066 2.00%0.00%
2012 2.00%50,554 2.00%50,047 2.00%2.00%
2013 2.50%51,818 3.00%51,550 2.00%2.00%
2014 2.50%53,113 3.00%53,100 2.00%2.00%
2015 2.20%54,281 2.20%54,268 2.00%2.00%
Source - City of South Bend personnel records
City of South Bend, Indiana
Salary Rate Comparison
1990 - 2015
60
Limits of Estimated
Type of Coverage Liability Annual Premium
LIABILITY
Comprehensive General Liability Statutory Self-Insured
Police Professional Liability Statutory Self-Insured
Ambulance Malpractice Liability Statutory Self-Insured
Premises Liability Statutory Self-Insured
(Clay Utilities, Century Center,
Parking Garages)
CGL - Stadium Statutory Self-Insured
Liquor Liability 4/26/15 - 16$1,000,000$1,739 Premium
CRIME
Public Employee Dishonesty 12/31/15 - 16$1,000,000$9,374 Premium
PROPERTY 7/1/15 - 16
All risk blanket building & contents$637,392,067$406,974 Premium
Business Income Included in above Included in above
Machinery Breakdown Included in above Included in above
Fine Arts Included in above Included in above
Valuable Papers & Records Included in above Included in above
Contractors Equipment Included in above Included in above
Flood Insurance - Pump station & contents 1/15/15 - 16$670,000$6,557 Premium
Eddy Street Commons Parking Garage 3/2/15 - 16
Building & Infrastructure$36,000,000$26,115 Premium
Business Income & Rental Value$15,000,000 Included in above
Flood$25,000,000 Included in above
Earthquake$25,000,000 Included in above
OTHER 1/1/15 - 16
Workers Compensation Statutory Self-Insured
Third Party Fee Statutory$50,000 Fee
Excess Over Self-insured Statutory$116,315 Premium/Fee
$250,000 Retention Each Accident
Source: City of South Bend Administration & Finance Department
Gibson Insurance Company
City of South Bend, Indiana
INSURANCE COVERAGE
2015
61
City of South Bend, Indiana
Financial Institutions
Last Ten Years
(Amounts in 000's)
Percent
Banks Savings and Loans Credit Unions Increase/
Year Branches Deposits Branches Deposits Branches Deposits Total Deposits(Decrease)
2006 35$2,054,972 5$89,039 24$1,857,323$4,001,334 4.1%
2007 35 2,183,105 5 86,561 24 1,975,374 4,245,040 6.1%
2008 40 2,184,092- - 24 2,699,677 4,883,769 15.0%
2009 40 2,443,390- - 23 2,914,347 5,357,737 9.7%
2010 40 3,108,702- - n/a 2,410,711 5,519,413 3.0%
2011 39 3,342,964- - n/a 2,474,034 5,816,998 5.4%
2012 40 3,201,888- - n/a 2,735,212 5,937,100 2.1%
2013 37 3,730,018- - n/a 2,854,527 6,584,545 10.9%
2014 39 2,548,101- - n/a 2,911,596 5,459,697-17.1%
2015 40 2,454,129 1 25,077 n/a 3,089,732 5,568,938 2.0%
Banks Credit Unions
1st Source Bank$1,266,255 51.60%Teacher's Credit Union$2,142,189 69.33%
Key Bank 447,325 18.23%Notre Dame Federal Credit Union 416,747 13.49%
Wells Fargo 249,367 10.16%Community Wide Credit Union 301,724 9.77%
Others 491,182 20.01%AAA Federal Credit Union 50,281 1.63%
Total$2,454,129 100.00%Policemen's Federal Credit Union 47,540 1.54%
Others 131,251 4.25%
Total$3,089,732 100.00%
n/a - information is not available
Bank of America closed operations in South Bend prior to June 30, 2014 reducing total bank deposits.
Sources:
Federal Deposit Insurance Corporation Website (www.fdic.gov). Summary of Deposits, Deposits Market Share Report,
Indiana, St. Joseph County, South Bend, Run Report.
National Credit Union Association Website (www.ncua.gov). Custom Query, Search Fields, State = Indiana, Total Shares
Greater than 1, City = South Bend or Notre Dame. Check data for CU name and total amount of shares and deposits.
62
2014 2015 2014 2015
Authorized Officers 260 260 Traffic Signals 162 158
Vehicles 388 394 Street Lights (City maintained)3,000 3,015
Special Officer Groups:Miles of Streets 525 525
K-9 Patrols 8 8 Miles of Sidewalks 695 695
SWAT Team 17 17 Miles of Alleys 398 398
Metro Drug Task Force (of 20 total)13 12 Miles of Sanitary Sewers and Storm Drains 660 690.16
NEST - Special Neighborhood Unit 7 7 City Owned Vehicles & Related Units 1,195 1,185
Motorcycle Patrol Officers 5 5 Trash Picked Up Per Week (in tons)519/wk 596/wk
Bomb Squad 3 5
Crime Prevention Officers 4 4 Sign Shop
Crime Data:2014 2015
Murders 17 17 Work orders for sign maintenance,
Rapes 98 88 installation or removal 2,169 2,380
Robbery 341 350 Miles of yellow and white paint 160 275
Aggravated Assault 235 285 Pre-formed plastic arrows used for
Residential Burglary 911 943 street markings 169 196
Non-residential Burglary 311 487 Crosswalk painting at intersections 229 436
Larceny 3,190 3,612 Turn arrows in turn lanes 0 0
Auto Theft 332 368 Detour routes 62 50
Arson 30 34 Temporary No Parking postings 584 630
Calls for Service 89,428 97,164 Built Portables 0 0
Dispatches 89,428 97,164 Railroad Crossings 4 7
Miles Driven 3,321,136 3,252,664 Special Signs Built 1,124 2,165
Arrests 2,608 2,483
Barricades set up for events (# of events):153 185
Fire Department Block Parties 24 36
Paid Department established 1887
2014 2015
Sworn Firefighters
(51 of which are Paramedics)251 251
Fire Apparatus 20 20 2014 2015
Hazardous Materials Truck 1 1 Customers 39,461 39,763
Reserve Pumper Trucks 3 3 Dry Tons of Sludge produced per year 2,645 2,528
Reserve Ladder Trucks 2 2 Miles of Sanitary Sewer Lines 527 527
River Rescue Boats 3 3 Miles of Storm Sewer Lines 133 133
Ambulances 7 7
Neonatal (Newborn) Units 3 3 Water Utility
Fire Runs 3,326 3,234 2014 2015
Ambulance Runs 13,317 13,967 Customers/Meters 40,091 40,377
Irrigation Customers 2,827 2,823
Wells/Pumps in service 30 30
Pumping Capacity 60 m.g.d.60 m.g.d.
Daily Consumption 14.7 m.g.d.14.5 m.g.d.
Peak Demand 22.8 m.g.d.24.9 m.g.d.
Miles of Distribution Systems 583 583
Fire Hydrants 5,448 5,439
City of South Bend, Indiana
Miscellaneous Statistics
December 31, 2015
Sewer Utility
Department of Public WorksPolice Department
63
South Bend International Airport Convention Facilities
Passenger Century Center 75,000 square feet of
Year Volume exhibit space
2006 729,619 2,590 available seating
2007 779,356 750 seat theater
2008 704,418 Morris Performing
2009 625,077 Arts Center 2,500 available seating
2010 626,597
2011 599,127 Hotels/Motels 41 motels/hotels
2012 589,030 4 Bed and Breakfasts
2013 629,287 Over 4,000 available rooms
2014 602,555
2015 628,600 Major hotels and meeting rooms:
Double Tree facilities to seat 300
The South Bend International Airport had 34,913 take-offs Hilton Garden Inn facilities to seat 600
and landings during 2015. Approximately 36 commercial The Morris Inn facilities to seat 300
airline flights per day fly nonstop to 10 airports. Waterford Estates Lodge facilities to seat 600
Commercial airlines with operations at South Bend Health Care
International Airport (market share):
2014 2015 The City of South Bend has excellent health care access
Allegiant Air 32.01%31.07%at costs below the national average and the lowest in the
Delta Connection 44.34%45.34%Midwest region. The City has one major hospital:
United Express 21.95%21.38%
Charters/Nonscheduled 1.70%2.21%Memorial Health Systems 526 beds
Total 100.00%100.00%
Communications
Bus Passengers (to O'Hare/Midway)37,315 34,394 Access to:
Train Passengers (South Shore)251,426 246,021 4 Major Television Networks (WNDU, WSJV, WSBT, WBND)
1 Public Broadcasting Television Station (WNIT)
2 Local Television Stations (WHME, WMWB)
Transpo 1 Major Newspaper (The South Bend Tribune)
South Bend Public Transportation Corporation 25 Radio Stations
2014 2015
Motor Bus (Fixed Route)Famous Residents
Route Miles 286.8 287.0
Ridership 2,188,951 1,873,416 South Bend has been the home to the many distinguished
Miles of Service 1,362,052 1,341,234 individuals including the following persons:
Revenue Miles 1,252,888 1,271,031
Demand Response (ACCESS)Schuyler Colfax, 17th U.S. Vice President
Ridership 61,828 66,604 John Fogerty, singer
Total Miles 326,381 365,787 Michael Warren, actor
Revenue Miles 293,667 327,563 Chad Everett, actor
Sidney Pollack, actor/director
Other Transportation Knute Rockne, football coach
John Wooden, basketball coach
43 Trucking Lines, 33 Terminals Joe Kernan, former South Bend Mayor and Indiana Governor
4 Interstate Bus Lines Ryan Newman, racecar driver
4 Major Rail Systems (freight and passenger)Skylar Diggins, woman's basketball player
Colleges and Universities Other
Universities and Colleges- Incorporated in 1865
2014 2015- County Seat of St. Joseph County
University of Notre Dame 12,124 12,292- South Bend officially began under the name South Hold but the
Indiana University at South Bend 7,859 7,574 name was changed by the Post Office in 1830 to avoid confusion
Bethel College 1,800 1,600 with other communities that used that name. The name South
St. Mary's College 1,519 1,570 Bend was used because the City is located at the southernmost
Holy Cross College 525 530 point of the St. Joseph River.
Trine University - South Bend 161 78- Average High Temperature:
Brown Mackie College - South Bend 434 340 January 31 degrees Fahrenheit
Purdue University South Bend 200 200 July 83 degrees Fahrenheit
Technical Colleges
2014 2015
IVY Tech Community College 3,783 3,214
Enrollment
Enrollment
City of South Bend, Indiana
Miscellaneous Statistics
December 31, 2015
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