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2024 - Annual Investment Report to the City of South Bend Board of Finance
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2024 - Annual Investment Report to the City of South Bend Board of Finance
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1/28/2025 11:05:42 AM
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z\ l <br /> Ilk <br /> Fund Fund Name Cash Resent! Polk) <br /> 670 Century Center Operations 25%of annual expenditures <br /> 671 Century Center Capital $800,000 minimum <br /> 672 Century Center Energy Conservation No reserve requirement <br /> Bond <br /> 701 Firefighters Pension 10%of annual expenditures <br /> 702 Police Pension 10%of annual expenditures <br /> 709 Payroll Clearing No reserve requirement—clearing fund <br /> 711 Self-Funded Employee Benefits 25%of annual expenditures <br /> 713 Unemployment Compensation 25%of annual expenditures <br /> 714 Parental Leave 8%of annual expenditures— 1 month of expenditures <br /> 718 State Tax Withholding Fund 100%cash reserves <br /> 725 Morris/Palais Box Office 100%cash reserves <br /> 726 Police Distributions Payable 100%cash reserves <br /> 730 City Cemetery 25%of annual expenditures <br /> 731 Bowman Cemetery $400,000 minimum <br /> 750 Equipment/Vehicle Leasing No reserve requirement-Capital lease fund-spend down <br /> to zero <br /> 752 South Bend Redevelopment Authority 100%cash reserves per bond covenants <br /> 754 Industrial Revolving Fund No City reserve requirement; there are program <br /> requirements <br /> 755 South Bend Building Corporation 100%cash reserves per bond covenants <br /> 756 2015 Smart Streets Bond Debt Service 100%cash reserves per bond covenants <br /> 757 2015 Parks Bond Debt Service 100%cash reserves per bond covenants <br /> 759 2017 Eddy Street Commons Bond No reserve requirement-Bond capital fund-spend down <br /> Capital to zero <br /> 760 2017 Eddy Street Commons $2,500,000 minimum per bond covenant <br /> Bond Debt Service <br /> 32 <br />
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