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CITY OF SOUTH BEND, IN <br />Step 1: Cash Reserve Requirements <br />Fund Category <br />12/31/2022 <br />Projected <br />Cash Balance <br />Cash <br />Reserve <br />Requirement <br />Variance Reserve Requirement Explanation <br />General Plus Funds 82,860,184 57,904,158 24,956,026 50% of annual operating expenses <br />Other Operating Funds 21,212,176 15,648,381 5,563,795 Generally, 25% of annual operating expenses <br />Other Special Revenue Funds 20,183,565 14,127,529 6,056,036 Rainy Day Fund -3% of total City expenses <br />Capital & Debt Service Funds 39,164,079 25,621,185 13,542,894 Debt service reserves <br />Internal Service Funds 16,186,090 8,486,914 7,699,176 Reserve requirement is for self-insured funds <br />All Other Funds 53,608,015 4,292,777 49,315,238 <br />Grand Total 233,214,109 126,080,944 107,133,165