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City of South Bend, Indiana
<br />Selected Key Fund Financial Summary
<br />December 31, 2016 - 2015
<br />12/31/2016 Cash Reserves
<br />Fund 2015 Surplus/2016 Surplus/Net Cash Percentage Target
<br />Name No.(Loss)(Loss)Reserves of Expenditures (% expenditures)
<br />Fund
<br /> General Fund 101 1,731,397 3,992,243 32,989,883 62.86%35.00%
<br /> Rainy Day Fund 102 49,919 1,492,266 10,166,491 --3% of budget
<br /> Parks & Recreation Fund 201 418,800 571,401 4,413,583 40.95%25.00%
<br /> Liability Insurance Fund 226 (1,154,869)82,090 4,569,210 208.09%50.00%
<br /> Health Insurance Fund 711 312,080 2,361,748 6,711,696 42.40%25.00%
<br /> Total 1,357,327 8,499,748 58,850,863
<br />
<br />Notes
<br /> Higher property tax and Morris Performing Arts Center revenue in the General Fund during 2016.
<br /> A special LOIT distribution of $1,492,266 was received in the Rainy Day Fund during 2016.
<br /> Higher property tax and PILOT revenue in the Parks & Recreation Fund during 2016.
<br /> No allocation to Police, Fire, and Parks in 2015; a 50% allocation was charged to Police and Fire during 2016 in the
<br /> Liability Insurance Fund.
<br /> Health Insurance employer contributions increased by 18% during 2016. Claims paid (net of stop loss reimbursements)
<br /> increased by 2.05% during 2016.
<br /> Net cash reserves are equal to total cash balances net of outstanding encumbrances at year-end.
<br />$0
<br />$500,000
<br />$1,000,000
<br />$1,500,000
<br />$2,000,000
<br />$2,500,000
<br />$3,000,000
<br />$3,500,000
<br />$4,000,000
<br />$4,500,000
<br /> General Fund Rainy Day Fund Parks & Recreation
<br />Fund
<br /> Liability Insurance Fund Health Insurance Fund
<br />2016 Net Surplus/Income
<br />Administration/Finance 1/26/2017 Page 1
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