HomeMy WebLinkAbout2019 Comprehensive Annual Financial Report2019 CAFR (Comprehensive Annual Financial Report)
Report prepared by City of South Bend Department of Administration and Finance
South Bendcity of
Indiana
James Mueller, Mayor
Daniel Parker, City Controller
Benjamin Dougherty, Deputy City Controller
Amy Shirk, Director of Accounting & Budget
Fiscal Year Ending on December 31, 2019
Report prepared by City of South Bend Department of Administration and Finance
City of South Bend, Indiana
Table of Contents
Introductory Section
Letter of Transmittal ................................................................................................................................ i-vi
GFOA Certificate of Achievement ........................................................................................................... vii
Organization Chart ................................................................................................................................... viii
List of City Officials ................................................................................................................................... ix
Financial Section
Independent Auditor's Report ................................................................................................................ 1-3
Management's Discussion and Analysis ............................................................................................. 4-23
Basic Financial Statements
Government-wide Financial Statements:
Statement of Net Position ......................................................................................................... 24-25
Statement of Activities .................................................................................................................... 26
Fund Financial Statements:
Governmental Funds:
Balance Sheet ......................................................................................................................... 27
Reconciliation of the Balance Sheet to the Statement of Net Position.................................... 28
Statement of Revenue, Expenditures, and Changes in Fund Balances ................................. 29
Reconciliation of the Statement of Revenue, Expenditures, and Changes in Fund
Balances to the Statement of Activities............................................................................. 30
Proprietary Funds:
Statement of Net Position ................................................................................................... 31-32
Statement of Revenue, Expenses, and Changes in Net Position ........................................... 33
Statement of Cash Flows ................................................................................................... 34-35
Fiduciary Funds:
Statement of Fiduciary Net Position ........................................................................................ 36
Statement of Changes in Fiduciary Net Position ..................................................................... 37
Notes to Financial Statements ......................................................................................................... 38-87
Required Supplemental Information ....................................................................................................... 88
1925 Police Officers' Pension Plan
Schedule of Investment Returns .................................................................................................... 89
Schedule of City Contributions ....................................................................................................... 90
Schedule of Changes in the Net Pension Liability and Related Ratios ......................................... 91
1937 Firefighters’ Pension Plan
Schedule of Pension Investment Returns ...................................................................................... 92
Schedule of City Contributions ....................................................................................................... 93
Schedule of Changes in the Net Pension Liability and Related Ratios ......................................... 94
Public Employees’ Retirement Fund
Schedule of City Contributions ....................................................................................................... 95
Schedule of the City's Proportionate Share of the Net Pension Liability ....................................... 96
City of South Bend, Indiana
Table of Contents (Continued)
1977 Police Officers’ Pension and Disability Fund
Schedule of City Contributions ....................................................................................................... 97
Schedule of the City's Proportionate Share of the Net Pension Liability ....................................... 98
1977 Firefighters’ Pension and Disability Fund
Schedule of City Contributions ....................................................................................................... 99
Schedule of the City's Proportionate Share of the Net Pension Liability ..................................... 100
Schedule of Changes in the City’s Total OPEB Liability and Related Ratios .................................... 101
Budgetary Comparison Schedules - General Fund and Major Special Revenue Funds ............ 102-109
Budget/GAAP Reconciliation .............................................................................................................. 110
Notes to Required Supplemental Information ............................................................................. 111-112
Other Supplemental Information ........................................................................................................... 113
Nonmajor Governmental Funds:
Fund Descriptions ................................................................................................................. 114-118
Combining Balance Sheet .................................................................................................... 119-128
Combining Statement of Revenue, Expenditures, and Changes in Fund Balances ............ 129-138
Budgetary Comparison Schedules – Nonmajor Governmental Funds ................................. 139-209
Nonmajor Enterprise Funds:
Fund Descriptions ........................................................................................................................ 210
Combining Statement of Net Position .......................................................................................... 211
Combining Statement of Revenue, Expenses, and Changes in Net Position ............................. 212
Combining Statement of Cash Flows .................................................................................... 213-214
Internal Service Funds:
Fund Descriptions ........................................................................................................................ 215
Combining Statement of Net Position .......................................................................................... 216
Combining Statement of Revenue, Expenses, and Changes in Net Position ............................. 217
Combining Statement of Cash Flows ........................................................................................... 218
Fiduciary Funds:
Fund Descriptions ........................................................................................................................ 219
Statement of Fiduciary Net Position ............................................................................................. 220
Statement of Changes in Fiduciary Net Position ......................................................................... 221
Statistical Section
Financial Trend Information
Net Position by Component ................................................................................................................ 224
Changes in Net Position .............................................................................................................. 225-227
Fund Balances - Governmental Funds ............................................................................................... 228
Changes in Fund Balances - Governmental Funds ........................................................................... 229
Financial Institutions ........................................................................................................................... 230
Revenue Capacity Information
Property Tax Levies and Collections .................................................................................................. 232
Direct and Overlapping Property Tax Rates ....................................................................................... 233
Detail of Net Assessed Value ............................................................................................................. 234
Assessed Value and Actual Value of Taxable Property ..................................................................... 235
Net Assessed Value of Taxable Property ........................................................................................... 236
Assessed Value of Taxable Property ................................................................................................. 237
Property Tax Collections - Cash Basis ............................................................................................... 238
Circuit Breaker Property Tax Cap Credits .......................................................................................... 239
City of South Bend, Indiana
Table of Contents (Continued)
Principal Property Taxpayers ............................................................................................................. 240
Local Income Tax Revenue (Economic Development Component of LIT) ........................................ 241
Local Income Tax Revenue (Certified Shares Component of LIT) .................................................... 242
Local Income Tax Revenue (Public Safety Component of LIT) ......................................................... 243
Total County Income Tax Distributions by Taxing Unit ............................................................... 244-245
Ten Largest Water Customers ........................................................................................................... 246
Ten Largest Sewage Works Customers ............................................................................................. 247
Gasoline Tax Collections - Cash Basis .............................................................................................. 248
Wheel and Excise Surtax Collections - Cash Basis ........................................................................... 249
Hotel/Motel Tax Revenue - Cash Basis - City Distributions ............................................................... 250
Professional Sports Development Area (PSDA) Tax - Cash Basis .................................................... 251
Cable Television Franchise Fee Collections - Cash Basis ................................................................. 252
Debt Capacity Information
Computation of Legal Debt Margin ..................................................................................................... 254
Legal Debt Margin Information ........................................................................................................... 255
Ratios of Outstanding Debt by Type................................................................................................... 256
Computation of Direct and Overlapping Debt ..................................................................................... 257
Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to Total
General Government Expenditures ............................................................................................. 258
Ratio of Net General Obligation Bonded Debt to Assessed Value and Net Bonded Debt Per
Capita ........................................................................................................................................ 259
St. Joseph County Hotel/Motel Tax Board Statement of Estimated Cash Flow and Debt
Service Coverage ......................................................................................................................... 260
Schedule of Revenue Bond Coverage - Water Utility Bonds ............................................................. 261
Schedule of Revenue Bond Coverage - Wastewater Utility Bonds .................................................... 262
Municipal Sewage Works Annual Wastewater Flow Data and Number of Customers ...................... 263
Statement of City-Owned Utility Debt ................................................................................................. 264
Estimated Debt Service Coverage Calculation of Sewage Works ..................................................... 265
Estimated Debt Service Coverage Calculation of Water Utility .......................................................... 266
Projected City of South Bend Certified Shares Component of LIT Revenue ..................................... 267
Projected City of South Bend Economic Development Component of LIT Revenue ......................... 268
Projected City of South Bend Public Safety Component of LIT Revenue .......................................... 269
Statement of Estimated Cash Flow and Debt Service Coverage (Certified Shares Component)...... 270
Statement of Estimated Cash Flow and Debt Service Coverage (Economic Development
Component) ................................................................................................................................. 271
Estimated Tax Increment Revenue - Erskine Village Project ............................................................. 272
Demographic and Economic Information
Demographic Statistics ................................................................................................................ 274-275
Employment by Type and Industry ..................................................................................................... 276
Comparison of Growth Rates in Personal Income for St. Joseph County, the State of Indiana,
and U.S. Personal Income ........................................................................................................... 277
Principal Employers ............................................................................................................................ 278
Operating Information
New Construction - Number of Permits and Property Values ............................................................ 280
Capital Asset and Infrastructure Statistics by Function/Program ....................................................... 281
Operating Indicators by Function/Program ......................................................................................... 282
Full-time City Government Employees by Department ............................................................... 283-284
Salary Rate Comparison .................................................................................................................... 285
Insurance Coverage ........................................................................................................................... 286
Miscellaneous Statistics .............................................................................................................. 287-288
1200N COUNTY-CITY BUILDING PHONE 574.235.9216
227 W. JEFFERSON BLVD. FAX 574.235.9928
SOUTH BEND, INDIANA 46601-1830
CITY OF SOUTH BEND, IN JAMES MUELLER, MAYOR
DEPARTMENT OF ADMINISTRATION AND FINANCE
July 31, 2020
The Honorable James Mueller, Mayor of the City of South Bend
Members of the City of South Bend Common Council
Residents of the City of South Bend
The comprehensive annual financial report of the City of South Bend, Indiana (the "City") for the year ended December 31,
2019 is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation,
including all disclosures, rests with management. To the best of our knowledge and belief, the enclosed data is accurate in all
material respects and is reported in a manner designed to present fairly the financial position and results of operations of the
various funds of the City. All disclosures necessary to enable the reader to gain an understanding of the government’s financ ial
activities are included.
Generally Accepted Accounting Principles (GAAP) requires that management provide a narrative introduction, overview and
analysis to accompany the basic financial statements in the form of the Management’s Discussion and Analysis (MD&A). This
letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of South Bend’s
MD&A can be found immediately following the independent auditors’ report.
The Comprehensive Annual Financial Report is presented in four sections: introductory information, financial information,
statistical information and federal compliance information. The introductory section includes this transmittal letter, the City’s
organizational chart, a list of principal City officials and the Certificate of Achievement for Excellence in Financial Reporting
awarded to the City of South Bend for the year ending December 31, 2016. The financial section begins with the independent
auditors’ report on the City’s financial statements and schedules, the City managements’ discussion and analysis report, followed
by the City’s basic financial statements and accompanying notes. The remaining portion of this section includes the combining
and individual fund and other financial statements and schedules. The statistical section includes selected financial and
demographic information generally presented on a multi-year basis, which has been provided to give the reader a broader
understanding of the City. The federal awards compliance section, which includes the results of the supplemental audit
of the City’s federal awards and the internal controls necessary for compliance, is included in a separate report.
The City is required to undergo an annual single audit in conformity with the provisions of the Code of Federal Regulations Title
2 Part 200, the provisions of Indiana Code section 5-11-1-9 and the requirements of the Indiana State Board of Accounts.
Information related to the single audit, including the schedule of federal financial assistance, findings and recommendations, and
the auditors’ reports on the internal control structure and compliance with applicable laws and regulations, is included in a separate
report.
The following pages of this transmittal letter begin with a general overview of South Bend and the surrounding area. Also
summarized are the key financial, budgetary and property tax controls with which the City is required to comply. The remainder
includes a discussion of the prior year’s financial challenges and accomplishments, the City’s goals and objectives for this year and
beyond, and other key issues the City is facing along with the impact they may have on current and future budgets.
GENERAL INFORMATION
The City of South Bend is the county seat of St. Joseph County, Indiana, and is the fourth largest city in the state. The City of
South Bend’s 2010 U.S. Bureau of the Census population was 101,168. Accordingly, South Bend is classified as a “City of the
Second Class” under Indiana statutes (cities with a population of 35,000 to 250,000). Population estimates in 2019 suggest that
the city continues to experience growth, pointing the way to further growth before the 2020 census. The City of South Bend
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operates with a mayor as chief executive and a nine-member City Common Council composed of six members elected from
districts and three members elected at-large. The City of South Bend has a bond rating of AA with Standards & Poors, one of the
highest bond ratings for any city in the State of Indiana.
The City provides a full range of traditional general governmental services to its residents. These services include police and fire
protection; sanitation services; the construction and maintenance of highways, streets and infrastructure; recreational activities and
cultural events. In addition to general governmental activities, the City exercises oversight over the South Bend Water Works, the
South Bend Wastewater Treatment Facility, the Century Center Convention Center, the Morris Performing Arts Center, the
Studebaker National Museum, the City of South Bend Redevelopment Commission and Authority, and several downtown parking
facilities.
Location
St. Joseph County lies within the heartland of the manufacturing belt and metropolitan regions of the Upper Midwest and Canada.
The City of South Bend is located in the north central part of Indiana, ten miles south of the Michigan state line, in what is
commonly known as the “Michiana” region. The region is a vibrant and diverse area with a strong economy based on a mix of
health care, agricultural, service, manufacturing, education and other commercial and tourism industries. This diverse economic
mix creates varied employment opportunities for the area’s residents while providing insulation via diversification from future
economic downturns.
The city is approximately 90 miles east of Chicago and 140 miles north of Indianapolis. Accessibility to transportation, including
Interstate 80/90, an international airport (which is the second busiest in the State of Indiana) and the South Shore Line has
supported economic growth within the community. Proximity to Chicago, the largest rail and intermodal (rail/truck/ocean/inland
waterway) transfer point in the country, is a significant advantage to the City of South Bend as is proximity to the Universi ty of
Notre Dame with its scenic campus located adjacent to the city limits. In 2017, the City of South Bend announced plans to partner
with the Federal, State and other local governments to reduce the South Shore Line travel time to downtown Chicago to 90 minutes
or less. This project continued to mature in 2019, during which the City joined other northern Indiana municipalities in funding a
double tracking project for the South Shore Line that is expected to significantly reduce travel time. When completed, this project
will be transformative to the local economy.
St. Joseph County / South Bend - Economic Conditions and Outlook
St. Joseph County, with its 2010 U.S. Bureau of the Census population of 269,141, boasts a strong history of manufacturing which
continues today. The service industry and retail trade have also flourished, creating a balance that serves the community well. The
County experienced a net growth in population of 28,317 (11.8% increase) between 1960 and 2010. After experiencing a reduction
of 2.6% during 1969 to 1983, at which time the entire Midwest was at the depth of its economic restructuring and recess, the
County’s population increased 4.0% between 1983 and 1990 and another 7.5% between 1990 and 2000. The population of St.
Joseph County has remained fairly flat during the past decade increasing by only 1,372 residents from 2000 to 2010.
The estimated labor force in St. Joseph County is 137,320 workers (2019, STATS Indiana, using data from the Indiana Department
of Workforce Development). The workers are typical of the Midwest: well-trained with a strong work ethic. Approximately 90.1%
of the area’s adult population are high school graduates or higher (as compared to the national average of 88.3%) with an estimated
31.7% with a bachelor’s degree or higher. There are nine colleges, universities and technical schools within South Bend and the
surrounding area, including the University of Notre Dame; Indiana University South Bend; Bethel College; Saint Mary’s College;
Purdue University College of Technology at South Bend; Holy Cross College; American National University; and Ivy Tech
Community College. The St. Joseph County 2019 Annual Average Unemployment was 3.7%, which is slightly higher than the state
of Indiana unemployment rate of 3.5%. The unemployment rate in St. Joseph County is similar to the surrounding counties—
Elkhart (2.9%), LaPorte (4.7%), and Marshall (3.4%) in Indiana (2019 Annual Average).
The employment profile for St. Joseph County provides a good overview of the economic make-up of this community.
Employment estimates for the County’s major economic sectors are as follows (STATS Indiana 2019 Summary, using data from
US Bureau of Labor Statistics):
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Economic Sector Number Employed % of Total
Health Care and Social Assistance 20,312 16.5%
Manufacturing 15,064 12.2%
Retail Trade 13,970 11.3%
Federal, State, & Local Government 12,644 10.3%
Accommodation and Food Service 11,465 9.3%
Educational Services 10,745 8.7%
Wholesale Trade 5,684 4.6%
Administrative and Waste Services 5,384 4.4%
Construction 5,150 4.2%
Professional and Technological Services 4,472 3.6%
Other Services 3,617 2.9%
Finance and Insurance 3,525 2.9%
Transportation and Warehousing 3,363 2.7%
Management 2,355 1.9%
Arts, Entertainment, and Recreation 2,087 1.7%
Real Estate, Rental, Leasing 1,588 1.3%
Information 1,388 1.1%
Utilities 246 0.2%
Agriculture, Forestry, Fishing, Hunting, Mining 163 0.1%
Total 124,367 100.0%
According to the United States Census Bureau, St. Joseph County presently has an estimated 100,861 households with a median
household income of $54,434, which compares to the State of Indiana median household income of $55,746 and the United States
median household income of $61,937. Surrounding counties have similar median household incomes—Elkhart ($58,350), La Porte
($51,584), and Marshall ($53,889) in Indiana and Cass ($52,741) and Berrien ($51,262) in Michigan.
Health and education lead the employment statistics for St. Joseph County. The largest employers in St. Joseph County are: Beacon
Health System, University of Notre Dame, South Bend Community School Corporation, St. Joseph Health System, Indiana
University – South Bend, St. Joseph County, City of South Bend, AM General, Honeywell International, Inc, and Press Ganey
Associates, Inc.
The following provides a profile of the residents of St. Joseph County (US Census Bureau 2013-2017 American Community Survey
5-Year):
Gender %, male/female: 48.59% male; 51.41% female
Age:
Under 20 years of age 27.1%
20-29 years of age 14.4%
30-39 years of age 11.9%
40-49 years of age 12.0%
50-59 years of age 12.0%
60-64 years of age 6.6%
65 years of age and older 15.9%
Race:
White 72.10%
Black or African American 11.35%
Hispanic or Latino 8.52%
American Indian and Alaska Native 0.47%
Asian 2.29%
Native Hawaiian and Other Pacific Islander 0.09%
Some other race 1.81%
Two or more races 3.38%
Home Ownership 67.8% own; 32.2% rent/other
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The cost of living continues to be one of the greatest advantages of living in this community. The housing costs in South Bend
are well below the national and regional averages. Per a report compiled by the National Association of Realtors in the first quarter
of 2020, the median sales price for a single-family home in the South Bend-Mishawaka Statistical Area was $134,800 as compared
to a median sales price of $261,700 in Chicago and $204,000 in Indianapolis. The national median sales price is $274,600.
Between January 2016 and December 2019, the City of South Bend has seen approximately $575 million in private investment and
the announcement of close to 1,900 new jobs. By providing state of the art innovative infrastructure and, in some cases, offering
targeted assistance the City can stimulate private investment, creating business opportunities and jobs. The City has had many
significant economic development projects to include new downtown residential housing, mixed use developments, downtown
hotels, and high-tech industrial projects. City investments encourage new start-up businesses, strengthen existing business, attract
new jobs, increase assessed value and emphasize direct investment in hard-to-develop areas. Efforts have been and will continue
to focus on implementing the comprehensive plans for our neighborhood and downtown areas.
The South Bend Community School Corporation serves the entire City and some of the surrounding area and has a current
enrollment of approximately 15,906 students in grades pre-kindergarten through 12. An estimated 6,130 students attend private
or parochial schools within the City. The nine institutions of higher education and technical training located within the South
Bend area have a total enrollment of approximately 27,000. Over the years, the University of Notre Dame has provided a stabilizing
influence on the economy with a very significant positive economic impact upon the community.
South Bend History and Amenities
In 1820, Pierre Navarre of the American Fur Trading Company was the first settler in the area to become later known as South
Bend. South Bend has continued to progress in its growth since 1842 when Father Edward Sorin named his rustic log chapel
“Notre Dame du Lac” and began to teach the local Indians. Today the chapel has grown into the University of Notre Dame. In
1852, H.C. Studebaker started the industry of making wagons and horse-drawn buggies that evolved into the manufacturing of the
Studebaker automobile. It made the name Studebaker synonymous with the area of South Bend and its major employer until its
closure in 1963.
Another industrial firm that would later become the area’s largest began in 1923 when Vincent Bendix began manufacturing
automotive brakes. In 1929, the company became the Bendix Aviation Corporation, and now, as Honeywell (formerly AlliedSignal
Inc.), is a leading manufacturer of automotive and aerospace products. The Singer Sewing Company and the Oliver Chilled Plow
Works were other important companies during the early history of South Bend.
In the 1840s and 1850s, many South Bend residents were secretly involved in helping fugitive slaves escape from the South through
the Underground Railroad. Many residents of South Bend and St. Joseph County offered their homes, barns and businesses up
as “stations” or safe places in which runaways could eat and rest as they made their way North. Most notable among local
Underground Railroad conductors was James Washington, a well-known and well-respected free Black in South Bend. Mr.
Washington was a barber who, along with Mr. Sawyer, collected money from local citizens to fund the Underground Railroad.
Special attractions within the South Bend area include the Olympic-class East Race Waterway and the East Bank area; the renovated
Morris Performing Arts Center, which provides for the Broadway Theater League, the South Bend Symphony Orchestra with the
Chamber and Pops Orchestras, and the Southold Dance Theater and Patchwork Dance Company; the award-winning South Bend
Civic Theater; the Studebaker National Museum; the South Bend Museum of Art; the Snite Museum of Art at Notre Dame; the
Northern Indiana Center for History; Copshaholm/The Oliver Mansion; Century Center; Potawatomi Zoo; the Morris
Conservatory/Muessel-Ellison Tropical Gardens; Healthworks! Kids Museum; the Farmers’ Market; and the Byers Softball
Complex. The Four Winds Field Baseball Stadium is a 5,600-seat facility which opened in 1987 and is rated among the best in
minor league baseball. The stadium is home to the South Bend Cubs, a minor league team affiliated with the Chicago Cubs.
Additional miscellaneous information about the City of South Bend can be found in the statistical section of this report.
Financial, Budgetary and Property Tax Controls
The City’s management team is responsible for establishing and maintaining an internal control structure designed to ensure t hat
the assets of the government are protected from loss, theft or misuse and to ensure that adequate accounting data is compiled to
allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control
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structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of re asonable
assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of
costs and benefits requires estimates and judgments by management. On November 28, 2016, the South Bend Common Council
approved a new Internal Controls policy for the City.
Single Audit
As a recipient of federal and state financial assistance, the City is also responsible for ensuring that an adequate internal control
structure is in place to ensure compliance with applicable laws and regulations related to those programs. This internal control
structure is subject to periodic evaluation by management of the City. As part of the City’s single audit described earlier, tests are
performed to review internal controls to determine the auditing procedures that are appropriate under the circumstances, including
that portion related to federal financial assistance programs, as well as to determine that the City has complied with applicable laws
and regulations. The results of the City’s single audit for the year ended December 31, 2018 are included in a separate report.
Budgetary Controls
In accordance with Indiana statutes, the City maintains budgetary controls integrated within the accounting system. The objective
of these budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget (prepared
on a cash basis) which is adopted by the Common Council or Redevelopment Commission (depending on the fund) and then
reviewed and approved by the State of Indiana Department of Local Government and Finance (DLGF). Activities of the general
fund, special revenue funds, capital project funds, enterprise funds, internal service funds, pension trust funds and debt service
funds are included in the annual budget. The level of budgetary control (that is, the level at which expenditures cannot legally
exceed the appropriated amount) is established by major budget classification within funds. The Mayor and Common Council
may transfer appropriations from one major budget classification to another within a department by ordinance if the total
appropriations for that fund are not exceeded. Additional appropriations in excess of the original budget must be approved by the
Mayor and Common Council and are also submitted to the DLGF for either approval or acknowledgement (depending on the
fund). Additional appropriations for funds approved by the Redevelopment Commission do not require DLGF approval. The
deadline for adoption of the annual budget is November 1. The city’s fiscal year begins on January 1.
The City maintains an encumbrance accounting system as one technique of accomplishing budgetary control. Encumbered
amounts do not lapse at year end and are carried over to the following year as a part of the subsequent year’s budget.
Property Tax Controls
In addition to budgetary and other controls established by Indiana law, the City must operate within specific and rigid contr ols
governing the amount of property tax it may levy. The property tax control program, which began in 1973, limits the amount of
property tax that may be levied by each unit of government in its legally budgeted funds. The total amount of property tax levied
by the unit may increase by the six-year average annual growth in Indiana personal non-farm income, as calculated by the U.S.
Bureau of Economic Analysis, with a 6% maximum.
During March 2008, the State of Indiana General Assembly enacted property tax reform legislation which made significant changes
in the property tax system by capping the amount of property taxes at 1% of grossed assessed value for residential homesteads,
2% for agricultural/rental properties and 3% for all other real and personal property. This legislation was phased in over a two-
year period beginning in 2009. The loss of revenue to the City due to this legislation was significant (estimated to be over $40
million dollars per year) but this revenue loss has been offset by cost savings and the adoption of local option income taxes to
continue providing essential City services, including police and fire protection.
A historical view of the City’s tax rate and its net assessed valuation has been included in the statistical section of this document.
Mayoral Leadership
Mayor James Mueller is the chief executive of the City of South Bend. The city’s thirty-third mayor, he was sworn into office on
January 1, 2020. As mayor, Mueller is responsible for the city workforce of over 1,000 employees and an annual budget over $380
million.
After attending St. Joseph’s High School, the University of Notre Dame, and the University of Delaware for his PhD, Mayor
Mueller worked in public policy, promoting pragmatic public policies and affordable energy solutions at the George Washington
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University’s Solar Institute in Washington, DC. He also served in the office of US Senator Maria Cantwell (D-WA), for nearly four
years, first as a John A. Knauss Legislative Fellow and then as a policy adviser on energy and natural resources.
In 2015, Mayor Mueller returned home to join the Buttigieg administration as Mayor Pete Buttigieg’s Chief of Staff. Mueller’s
tenure as Chief of Staff included the establishment of the first Diversity and Inclusion Office in Indiana, as well as the creation of
the Departments of Innovation & Technology and the Venues Parks and Arts Department. Mueller went on to become the
Executive Director of Community Investment where he was responsible for attracting businesses to South Bend and investing in
the neighborhoods. Early in his tenure as Executive Director of Community Investment, Mueller established the Engagement &
Economic Empowerment Division to empower residents with access to economic opportunities and meaningful civic
participation.
Mayor Mueller’s priorities include:
•Strengthening education from cradle to career to set up every child for success
•Reforming our public safety systems to make us all safer
•Promoting shared growth and an economy that works for everyone
•Rebuilding our neighborhoods block by block
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement
for Excellence in Financial Reporting to the City of South Bend for its comprehensive annual financial report for the fiscal year
ended December 31, 2018. This was the 29th consecutive year that the City has achieved this prestigious award. In order to be
awarded a Certificate of Achievement for Excellence in Financial Reporting, a government unit must publish an easily readable
and efficiently organized Comprehensive Annual Financial Report. This report must satisfy both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial
report continues to meet the Certificate of Achievement Program’s requirements, and we are submitting it to the GFOA to
determine its eligibility for another certificate.
Acknowledgments
The preparation of the Comprehensive Annual Financial Report (CAFR) was made possible by the dedicated service of the City’s
departmental fiscal officers and the staff of the Department of Administration and Finance. Each fiscal officer and member of
the Department has our sincere appreciation for the contributions made in the preparation of this report. We would especially like
to acknowledge the efforts of the core CAFR preparation team of Ben Dougherty, Amy Shirk, Maricela Juarez and consultant
Bruce Snyder. In addition, we would like to thank the Field Examiners of the Indiana State Board of Accounts (led by Lori Adney)
for their hard work and dedication in this effort.
In closing, without the leadership and support of Mayor James Mueller, City Department Heads, City Fiscal Officers and members
of the City of South Bend Common Council, preparation of this report would not have been possible.
Sincerely,
Daniel T. Parker
City Controller
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CITY ORGANIZATIONAL CHART
(1) Board Members include Mayoral Appointments
(2) Board Members include Mayoral and Council Appointments for Redevelopment Commission, Mayoral Appointment for Redevelopment Authority
(3) Board Members include 5 mayoral appointees and 4 council appointees
Effective: January 1, 2020
Residents of
South Bend
Common
Council Mayor
Administration &
Finance (City
Controller)
Budget &
Accounting
Treasury
Central Services
Safety & Risk
Purchasing
Human Resources
(Director)
Talent Management
Benefits
Management
Employee Relations
Inclusion, Diversity,
Equity & Access
(DIO)
Diversity &
Inclusion Office
Human Rights
Commission
Legal Department
(Corporation
Counsel)
Board &
Department
Support
Ordinances
Litigation
Public Works
(Director)
Board of Public
Works 1
Engineering
Solid Waste
Sustainability
Streets & Sewers
Water Works &
Wastewater Utility
Innovation &
Technology (Chief
Innovation Officer)
Services
Infrastructure
Applications
Business Analytics
311 Call Center
Police Department
(Chief)
Board of Public
Safety 1
Operations
Patrol
Support
Fire Department
(Chief)
Board of Public
Safety 1
Operations
Services
Training
Fire Prevention
EMS
Community
Investment (Exec
Director)
Redevelopment
Commission 2 /
Redevelopment
Authority 2
Business
Development
Neighborhood
Development
Engagement &
Economic
Resources
Planning
Building Inspections
& Permitting
Venues, Parks &
Arts (Executive
Director)
Board of Park
Commissioners 1
Park Maintenance
Recreation
Civic Center Board
of Managers 3
Century Center
Morris Performing
Arts Center & Palais
Royale
Code Enforcement
(Director)
Administration
Code Inspections
Rental Safety
Verification
Program (RSVP)
Neighborhood
Enhancement
Action Team
(NEAT)
Animal Resource
Center
City Clerk
viii
CITY OFFICIALS
Office Official Term
Mayor Pete Buttigieg 01/01/2016 to 12/31/2019
James Mueller 01/01/2020 to 12/31/2023
Controller Daniel Parker 12/10/2018 to 12/31/2023
City Clerk Kareemah Fowler 01/01/2016 to 08/01/2019
Dawn M. Jones 08/15/2019 to 12/31/2023
President of the Board of Public Works Gary A. Gilot 12/31/2012 to 12/31/2020
Common Council Members
1st District Tim Scott 01/01/2016 to 06/15/2020
1st District Canneth Lee 07/01/2020 to 12/31/2023
2nd District Regina Williams-Preston 01/01/2016 to 12/31/2019
2nd District Henry Davis, Jr. 01/01/2020 to 12/31/2023
3rd District Sharon McBride 02/24/2018 to 12/31/2023
4th District Jo M. Broden 01/01/2016 to 12/31/2019
4th District Troy Warner 01/01/2020 to 12/31/2023
5th District Jake Teshka 06/04/2018 to 12/31/2023
6th District Oliver Davis 01/01/2016 to 12/31/2019
6th District Sheila Niezgodski 01/01/2020 to 12/31/2023
At Large Karen L. White 01/01/2016 to 12/31/2023
At Large John Voorde 01/01/2016 to 12/31/2019
At Large Gavin Ferlic 01/01/2016 to 12/31/2019
At Large Lori K. Hamann 01/01/2020 to 12/31/2023
At Large Rachel Tomas Morgan 01/01/2020 to 12/31/2023
ix
STATE OF INDIANA
AN EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS
302 WEST WASHINGTON STREET
ROOM E418
INDIANAPOLIS, INDIANA 46204-2769
Telephone: (317) 232-2513
Fax: (317) 232-4711
Web Site: www.in.gov/sboa
INDEPENDENT AUDITOR'S REPORT
TO: THE OFFICIALS OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, the discretely presented component unit, each major fund, and the aggregate
remaining fund information of the City of South Bend (City), as of and for the year ended December 31,
2019, and the related notes to the financial statements, which collectively comprise the City's basic financial
statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair pre-
sentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We did
not audit the financial statements of South Bend Public Transportation Corporation (Corporation), a com-
ponent unit of the City as described in Note 1, which represent 100 percent, 100 percent, and 100 percent,
respectively, of the assets, net position, and revenues of the discretely presented component unit. Those
statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar
as it relates to the amounts included for the Corporation, is based solely on the report of the other auditors.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and dis-
closures in the financial statements. The procedures selected depend on the auditor's judgment, including
the assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the City's prep-
aration and fair presentation of the financial statements in order to design audit procedures that are appro-
priate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
City's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
INDEPENDENT AUDITOR'S REPORT
(Continued)
Opinions
In our opinion, based on our audit and the report of the other auditors, the financial statements
referred to above present fairly, in all material respects, the respective financial position of the governmental
activities, the business-type activities, the discretely presented component unit, each major fund, and the
aggregate remaining fund information of the City, as of December 31, 2019, and the respective changes in
financial position and, where applicable, cash flows thereof and for the year then ended in accordance with
accounting principles generally accepted in the United States of America.
Emphasis of Matter
As Discussed in Note 21 to the financial statements, during 2019, the City adopted new accounting
guidance in Governmental Accounting Standards Board (GASB) Statement No. 84, Fiduciary Activities.
We did not modify our opinion regarding this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
Management's Discussion and Analysis, Schedules of Investment Returns, Schedules of Contributions,
Schedule of Changes in the City Net Pension Liability and Related Ratios, Schedules of City Contributions,
Schedules of the City's Proportionate Share of the Net Pension Liability, Schedule of Changes in the City's
Total OPEB Liability and Related Ratios, Budgetary Comparison Schedules, and Budget/GAAP
Reconciliation, as listed in the Table of Contents, be presented to supplement the basic financial state-
ments. Such information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board who considers it to be an essential part of financial reporting
for placing the basic financial statements in an appropriate operational, economic, or historical context. We
have applied certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for consistency
with management's responses to our inquiries, the basic financial statements, and other knowledge we
obtained during our audit of the basic financial statements. We do not express an opinion or provide any
assurance on the information because the limited procedures do not provide us with sufficient evidence to
express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collec-
tively comprise the City's basic financial statements. The accompanying Fund Descriptions, Combining
Balance Sheet, Combining Statement of Revenue, Expenditures, and Changes in Fund Balances,
Budgetary Comparison Schedules, Combining Statements of Net Position, Combining Statements of Cash
Flows, Statement of Fiduciary Net Position, Statement of Changes in Fiduciary Net Position, Schedule of
Changes in Assets and Liabilities, and Introductory and Statistical Sections are presented for purposes of
additional analysis and are not a required part of the basic financial statements.
INDEPENDENT AUDITOR'S REPORT
(Continued)
The Fund Descriptions, Combining Balance Sheet, Combining Statement of Revenue,
Expenditures, and Changes in Fund Balances, Budgetary Comparison Schedules, Combining Statements
of Net Position, Combining Statements of Cash Flows, Statement of Fiduciary Net Position, Statement of
Changes in Fiduciary Net Position, and Schedule of Changes in Assets and Liabilities are the responsibility
of management and were derived from and relate directly to the underlying accounting and other records
used to prepare the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records used
to prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the combining and individual fund financial statements, and other budgetary
comparison schedules are fairly stated, in all material respects, in relation to the basic financial statements
as a whole.
The Introductory and Statistical Sections have not been subjected to the auditing procedures
applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or
provide any assurance on it.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August
5, 2020, on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is solely to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness
of the City's internal control over financial reporting or on compliance. That report is an integral part of an
audit performed in accordance with Government Auditing Standards in considering the City's internal
control over financial reporting and compliance.
Paul D. Joyce, CPA
State Examiner
August 5, 2020
City of South Bend, Indiana
Management’s Discussion and Analysis
December 31, 2019
The management of the City of South Bend, Indiana (the “City”) provides herewith this Management’s
Discussion and Analysis (MD&A) of the financial activities and condition of the City of South Bend, Indiana
for the fiscal year ended December 31, 2019.
Readers of the information contained within this Management’s Discussion and Analysis, and any opinion
derived therein, should be considered as a part of the greater whole of the financial statements, notes to
the financial statements, supplemental information and letter of transmittal, as contained within this
Comprehensive Annual Financial Report (CAFR).
The City of South Bend is the county seat of St. Joseph County, Indiana, and is the fourth largest city in the
state of Indiana. St. Joseph County is located within the heartland of the manufacturing and metropolitan
regions of the Upper Midwest. The City of South Bend is located in the north central region of the state of
Indiana, five (5) miles south of the Indiana / Michigan state boundary line. The City is approximately ninety
(90) miles east of the city of Chicago and one hundred forty (140) miles north of the city of Indianapolis.
The 2010 U.S. Bureau of the Census population for the City of South Bend was reported as 101,168 and
the 2010 Census population for St. Joseph County was reported as 266,931. Accordingly, South Bend is
classified as a “Second Class City” under State of Indiana statutes, defined as cities with a population
between 35,000 and 600,000 residents.
The City of South Bend and St. Joseph County is a vibrant and diverse area with a strong local economy
based on a mix of agricultural, manufacturing and service, higher education, health care and other
commercial and tourism-based industries. The diverse economic mix creates varied employment
opportunities for residents while providing insulation from economic downturns through diversification.
South Bend is home to the University of Notre Dame.
The City of South Bend provides a full range of general governmental services to its residents. Services
include general government, public safety, street construction and maintenance, infrastructure construction
and maintenance, parks and recreation services, arts and culture, and sanitation services. In addition, the
City provides Water Utility, Wastewater Utility and Solid Waste services to commercial and residential
properties within the city. City operations also include the Century Center convention venue, Morris
Performing Arts Center, Palais Royale Ballroom, Studebaker National Museum, South Bend
Redevelopment Authority and Public Parking Garages within the city footprint.
The City of South Bend governmental structure includes elected officials as follows with defined
management and legislative authority in compliance with Indiana statute.
Mayor Chief Executive Officer 4-year term
Common Council 9 member legislative body 4-year term
6 from defined districts within the City
3 at-large members
City Clerk Secretary of the Common Council 4-year term
The current terms of office for Common Council members, Mayor and City Clerk expire on December 31,
2019.
The City of South Bend was incorporated in 1865, is compliant with Indiana statutes, and remains as such
through the period covered by this Management’s Discussion and Analysis report.
4
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Financial Highlights
• Note: The City had three prior period adjustments that affected net position as of December 31,
2018. The first prior period adjustment was related to the implementation of GASB Statement 84
and had the effect of increasing net position in governmental activities by $485,158. The second
prior period adjustment was the correction of an error that understated assets in the Parking Garage
fund. This adjustment had the effect of increasing net position in business-type activities by
$1,105,815. Finally, the third prior period adjustment was the correction of a misstatement of loans
receivable in the DCI Federal Grants fund. This adjustment had the effect of increasing net position
in governmental activities by $1,568. All statements and tables that present 2018 data throughout
this Management’s Discussion and Analysis have been adjusted to reflect these restatements.
More information on these prior period adjustments can be found in Note 21 to the Financial
Statements.
• Government-wide net position was $354,598,073 as of December 31, 2019.
• Government-wide net position decreased by $15,788,077 or 4.3% during fiscal year 2019.
Governmental activity net position decreased by $23,991,768 or 15.1% and business-type activity
net position increased by $8,203,691 or 3.9% during fiscal year 2019. The decrease in
governmental activity net position is primarily driven by three factors:
o First, the City had several large debt-financed expenditures that were not spent on City-
owned assets and thus were recognized as expenses and were not capitalized. These
expenditures included $9,125,000 for the South Shore Double Tracking Project and
$4,602,119 for the Eddy Street Commons project.
o Second, the City saw a substantial increase in net pension liability and an elimination of
the City’s net pension asset. Together, these impacts reduced governmental activities net
position by $11,452,715.
o Finally, there were several governmental activities funds in which the City planned for an
intentional spend-down of excess resources in 2019. This included the Motor Vehicle
Highway fund (which primarily expends resources on non-capitalized road repairs and
maintenance) and the City’s Self-Funded Employee Benefits fund. These funds had
resources in excess of reserve requirements, and the City’s Common Council elected to
intentionally spend these resources in 2019 to further the City’s strategic goals.
Governmental Activities Business-type Activities Government-wide Discrete Component Unit
2019 2018 2019 2018 2019 2018 2019 2018
Assets/deferred
outflows $535,757,261 $549,087,793 $310,824,693 $312,394,274 $846,581,954 $861,482,067
$ 32,742,966 $ 35,816,187
Liabilities/deferred
inflows 401,154,154 390,492,918 90,829,727 100,602,999 491,983,881 491,095,917
3,357,311 3,550,243
Net Position
Net investment in
capital assets 123,340,793 143,282,487 155,288,994 147,069,159 278,629,787 290,351,646
30,351,397 31,780,744
Restricted 11,332,302 11,639,254 34,701,170 33,936,695 46,033,472 45,575,949 - -
Unrestricted (69,988) 3,673,134 30,004,802 30,785,421 29,934,814 34,458,555 (965,742) 485,200
Total Net Position $134,603,107 $158,594,875 $219,994,966 $211,791,275 $354,598,073 $370,386,150 $ 29,385,655 $ 32,265,944
Change vs. prior
year $(23,991,768) $9,701,852 $8,203,691 $7,374,069 $(15,788,077) $17,075,921
$ (2,880,289) $ (1,316,233)
Expenses 205,133,996 164,683,229 73,074,437 65,978,297 278,208,433 230,661,526 13,824,067 12,947,703
Revenues 178,373,377 169,155,420 84,046,979 78,582,027 262,420,356 247,737,447 10,943,778 11,631,470
5
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
• Total assets and deferred outflows of resources as of December 31, 2019 of $846,581,954
decreased by $13,794,298 or 1.60% as compared to total assets and deferred outflows of
resources as of December 31, 2018. The decrease is primarily attributable to lower cash reserves
as of December 31, 2019.
• Total liabilities and deferred inflows of resources as of December 31, 2019 of $491,983,881
increased by $887,964 or 0.18% as compared to total liabilities and deferred inflows of resources
as of December 31, 2018. This increase was driven primarily by an increase in Customer Deposits
Payable due to the reclassification of the Morris Palais Box Office fund as a governmental fund.
This fund was previously classified as a fiduciary fund.
• As of December 31, 2019, the government-wide net position of $354,598,073 has $278,629,787
invested in capital assets (net of debt) which is not available for spending, $46,033,472 classified
as restricted for debt service; capital outlay; and other; and $29,934,814 classified as unrestricted.
• Government-wide revenue received in fiscal 2019 totaled $262,420,356, an increase of
$14,682,909 or 5.9% versus government-wide revenue received in fiscal 2018. Governmental
activity revenue increased by $9,217,957 or 5.4%, and business-type activity revenue increased
by $5,464,952 or 6.95%. Governmental activity revenue increases are due mainly to increases in
overall property taxes and income taxes, as well as certain one-time revenue sources. The increase
in the business-type activity revenue is due mainly to significant increases in Water Utility and
Wastewater Utility revenue.
• Government-wide expenses in 2019 totaled $278,208,433, an increase of 20.6% compared to
expenses of $230,661,526 in 2018. Government activity expenses increased by $40,450,767 or
24.6%, while business-type activity expenses increased by $7,096,140 or 10.8% compared to fiscal
2018. The increase in the governmental activity expenses are due primarily to large, debt-financed
expenditures that were not spent on City-owned assets and thus were recognized as expenses
and were not capitalized. Additionally, the City’s pension expense increased significantly in 2019.
The increase in the business-type activities is due mainly to an increase in costs at that City’s
Wastewater utility.
• The financial statements contain information for a single discrete component unit, the South Bend
Public Transportation Corporation (Transpo).
• Explanatory commentary concerning the changes in assets, liabilities, revenue and expenditures
can be found in later sections of this MD&A.
Overview of the Financial Statements
The City of South Bend’s financial statements are comprised of three components: (1) government-wide
financial statements, (2) fund financial statements, and (3) notes to the financial statements. This report
also includes other supplementary information in addition to the basic financial statements themselves.
Government-wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the
City of South Bend’s finances using “accrual-based accounting,” a method of accounting used by private
sector businesses.
Statement of Net Position
This statement reports all assets, deferred outflows of resources, liabilities, and deferred inflows of
resources of the City of South Bend as of December 31, 2019. The difference between total assets and
deferred outflows of resources less total liabilities and deferred inflows of resources is reported as “net
position,” and can generally be thought of as the net worth of the City. Increases in net position generally
6
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
indicate an improvement in financial position while decreases in net position may indicate a deterioration
of financial position.
Statement of Activities
This statement serves the purpose of the traditional income statement. It provides consolidated reporting
of the results of all activities of the City of South Bend for the year ended December 31, 2019. Changes in
net position are recorded in the period in which the underlying event takes place, which may differ from the
period in which cash is received or disbursed. The statement of activities displays the expense of the City’s
various programs net of the related revenues, as well as a separate presentation of revenue available for
general purposes including property and local income taxes, fees for services and other revenue sources.
The government-wide financial statements distinguish between functions of the City that are principally
supported by taxes and intergovernmental revenue (governmental activities) and other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The major governmental activities of the City of South Bend include general government, public
safety, street construction and maintenance, infrastructure construction and maintenance, parks and
recreation services, and arts and culture. The major business-type activities of the City include the water
utility, wastewater utility, solid waste sanitation services, Century Center convention center, building
department, emergency medical services and the downtown parking garages.
Component units are included in our basic financial statements, in accordance with GASB Statement 61.
These units are legally separate entities for which the City is financially accountable. Component units are
presented as either discrete or blended, depending on the level of oversight exercised and the relationship
between the City and the external entity. Blended component units include the South Bend Redevelopment
Authority and the South Bend Building Corporation, Inc. These entities are set up to exclusively benefit or
provide services to the City, and the management team of the City has operational responsibility for these
entities. Accordingly, the financial information for these entities is blended into the primary government in
these statements. In contrast, the City has included the South Bend Public Transportation Corporation
(Transpo) as a discrete component unit. Although the City does not have operational responsibility for
Transpo, and no financial benefit or burden accrues to the City due to Transpo’s operations, Transpo is
nonetheless fiscally dependent on the City. This dependency exists because the South Bend Common
Council has the authority to approve and modify Transpo’s budget and levy taxes on behalf of Transpo.
More information on the City’s component units can be found in Note 1 to the Financial Statements.
Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The City, like other state and local governments, uses fund
accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds
of the City of South Bend can be divided into three categories: governmental funds, proprietary funds and
fiduciary funds. Each fund has its own cash balance which must be maintained according to the City’s cash
reserve policy.
Governmental Funds
Governmental funds are used to account for the same functions reported as governmental activities in the
government-wide financial statements. However, unlike government-wide financial statements,
governmental fund financial statements focus on short-term inflows and outflows of spendable resources,
as well as on balances of spendable resources available at the end of the fiscal year. Such information may
be useful in evaluating a government's short-term financing requirements. Governmental funds use the
modified accrual accounting method. The City maintains seven (7) major governmental funds (General,
Parks and Recreation, Public Safety Local Option Income Tax (LOIT), County Option Income Tax (COIT),
7
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Economic Development Income Tax (EDIT), Rainy Day, and River West TIF) and seventy-two (72)
nonmajor governmental funds.
Proprietary Funds
The City of South Bend maintains two types of proprietary funds: enterprise and internal service.
• Enterprise funds are used to report the same functions presented as business-type activities in
the government-wide financial statements. The City maintains seven (7) enterprise funds.
Information is presented separately in the proprietary statement of net position and the proprietary
statement of revenues, expenses and changes in fund net position for the Water utility, Wastewater
utility and Century Center, which are considered major enterprise funds. Data from the other four
(4) nonmajor enterprise funds (Consolidated Building Department, Parking Garage, Solid Waste,
and Emergency Medical Services) are combined into a single, aggregated presentation. Individual
fund data for each of these nonmajor enterprise funds is provided in the form of combining
statements elsewhere in this report.
• Internal service funds are used to accumulate and allocate costs internally among the City's
various functions and funds. The City maintains seven (7) internal service funds. The City of South
Bend uses internal service funds to account for its self-funded liability insurance program, self-
funded employee health benefits program, unemployment compensation claims, police take-home
vehicle program, Innovation & Technology and 311 call center, parental leave benefit for City
employees, and central services unit (a department that accounts for expenses related to fuel,
vehicle repairs, printing and other services provided to City departments on a cost-reimbursement
basis). Because these services predominantly benefit governmental rather than business-type
functions, they have been included within governmental activities in the government-wide financial
statements but are combined into a single, aggregated presentation in the proprietary fund financial
statements. Individual fund data for the internal service funds is provided in the form of combining
statements elsewhere in the report.
Fiduciary Funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the City government.
Fiduciary funds are not reflected in the government-wide financial statements because the resources of
those funds are not available to support City programs. The City maintains four (4) fiduciary funds, which
consist of two (2) pension trust funds (1925 Police Officers’ Pension and 1937 Firefighters’ Pension), and
two (2) custodial funds (Payroll and Police Distributions Payable).
Pension Trust Fund Operations
City employees are covered by the Public Employees Retirement Fund (PERF) and the 1977 Police
Officers' and Firefighters' Pension Fund, both of which are administered by the State of Indiana. However,
certain police officers and firefighters hired before May 1, 1977 (who did not opt into the 1977 fund) continue
to be members of the 1925 Police Officers’ Pension Fund or the 1937 Firefighters' Pension Fund. These
two funds are administered by the City. The number of police officers and firefighters in the City-managed
pension trust funds will continue to decline in the future as current participants pass away. The State makes
certain contributions toward the funding of the 1925 Police Officers’ and 1937 Firefighters’ pension plans.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential in order to have a full
understanding of the data provided in the government-wide and fund financial statements.
Other Information
8
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
In addition to the basic financial statements and accompanying notes and disclosures, this CAFR presents
supplementary information (“Required Supplementary Information” or “RSI”) immediately following the
basic financial statements. Other supplementary information is found in the Statistical Section. The
combining statements referred to earlier in connection with nonmajor governmental, nonmajor enterprise,
internal service and fiduciary funds are presented immediately after the Required Supplementary
Information within the financial statement section of the CAFR.
Government-wide Financial Statements
The following financial analysis will focus on the statement of net position and statement of changes in net
position of the City’s governmental and business-type activities.
Statement of Net Position
Governmental Activities Business-type Activities Government-wide Discrete Component Unit
2019 2018 2019 2018 2019 2018 2019 2018
Assets
Current and other $244,488,625 $267,088,203 $ 71,530,668 $ 71,059,755 $316,019,293 $338,147,958 $2,207,669 $3,012,279
Capital assets (net) 277,107,551 266,077,813 237,806,828 239,584,702 514,914,379 505,662,515 30,397,350 32,191,195
Total Assets 521,596,176 533,166,016 309,337,496 310,644,457 830,933,672 843,810,473 32,605,019 35,203,474
Deferred Outflows 14,161,085 15,921,777 1,487,197 1,749,817 15,648,282 17,671,594 137,947 612,713
Liabilities
Current 15,300,998 8,324,537 5,481,525 4,493,137 20,782,523 12,817,674 1,213,649 1,155,229
Long-term 366,169,899 362,740,661 84,279,542 96,061,945 450,449,441 458,802,606 1,327,535 2,308,165
Total Liabilities 381,470,897 371,065,198 89,761,067 100,555,082 471,231,964 471,620,280 2,541,184 3,463,394
Deferred Inflows 19,683,257 19,427,720 1,068,660 47,917 20,751,917 19,475,637 816,127 86,849
Net Position
Net investment
in capital assets 123,340,793 143,282,487 155,288,994 147,069,159 278,629,787 290,351,646
30,351,397 31,780,744
Restricted 11,332,302 11,639,254 34,701,170 33,936,695 46,033,472 45,575,949 - -
Unrestricted (69,988) 3,673,134 30,004,802 30,785,421 29,934,814 34,458,555 (965,742) 485,200
Total Net Position $134,603,107 $158,594,875 $219,994,966 $211,791,275 $354,598,073 $370,386,150 $29,385,655 $32,265,944
• As of December 31, 2019, total assets and deferred outflows exceeded liabilities and deferred
inflows by $354,598,073, a decrease of $15,788,077, or 4.3%, from the net position level as of
December 31, 2018.
• Governmental activities net position of $134,603,107 decreased by $23,991,768, or 15.1%, from
December 31, 2018.
• Business-type net position of $219,994,966 increased by $8,203,691, or 3.9%, from December 31,
2018. The increase in business-type net position was due primarily to higher than expected revenue
in the Wastewater Utility.
• Government-wide assets and deferred outflows of resources as of December 31, 2019 of
$846,581,954 decreased by $13,794,298 or 1.60% as compared to total assets and deferred
outflows of resources as of December 31, 2018. The decrease is primarily attributable to lower
cash reserves as of December 31, 2019.
• Government-wide liabilities and deferred inflows of resources as of December 31, 2019 of
$491,983,881 increased by $887,964 or 0.18% as compared to total liabilities and deferred inflows
of resources as of December 31, 2018. This increase was driven primarily by an increase in
Customer Deposits Payable due to the reclassification of the Morris Palais Box Office fund as a
governmental fund. This fund was previously classified as a fiduciary fund.
9
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
• Net position for the South Bend Public Transportation Corporation decreased by $2,880,289, or
8.9%. This decrease was driven primarily by depreciation expense on capital assets outpacing
current year additions.
Statement of Activities
Governmental Activities Business-type Activities Government-wide Discrete Component Unit
2019 2018 2019 2018 2019 2018 2019 2018
Revenue
Program revenue
Charges for Services $5,658,913 $6,476,043 $79,266,404 $75,940,019 $84,925,317 $82,416,062 $1,437,390 $1,547,610
Operating grants 14,701,908 26,248,738 - 278,112 14,701,908 26,526,850 4,529,201 5,154,880
Capital grants 3,605,801 4,100,000 1,710,762 - 5,316,563 4,100,000 - -
General revenue
Taxes
Property Tax 82,470,667 80,155,902 - - 82,470,667 80,155,902 4,220,655 3,948,880
Other Tax 35,472,965 33,527,962 1,275,000 1,275,000 36,747,965 34,802,962 - -
State-shared revenue 13,680,283 4,819,125 - - 13,680,283 4,819,125 - -
Investment Earnings 5,136,772 3,304,646 1,784,206 1,088,896 6,920,978 4,393,542 15,773 11,840
Other Revenue 17,646,068 10,554,893 10,607 - 17,656,675 10,554,893 740,759 968,260
Total Revenue 178,373,377 169,187,309 84,046,979 78,582,027 262,420,356 247,769,336 10,943,778 11,631,470
Expenses
General Government 10,915,147 12,654,430 - - 10,915,147 12,654,430 - -
Public Safety 92,017,691 69,209,163 - - 92,017,691 69,209,163 - -
Highways & Streets 27,114,327 17,223,378 - - 27,114,327 17,223,378 - -
Economic Development 44,698,518 33,801,755 - - 44,698,518 33,801,755 - -
Culture & Recreation 24,641,558 26,076,331 - - 24,641,558 26,076,331 - -
Interest on long-term debt 5,746,755 5,718,172 - - 5,746,755 5,718,172 - -
Water Utility - - 16,268,059 14,788,847 16,268,059 14,788,847 - -
Wastewater Utility - - 32,482,382 25,744,139 32,482,382 25,744,139 - -
Century Center - - 5,469,673 5,287,797 5,469,673 5,287,797 - -
Building Department - - 4,329,275 4,136,837 4,329,275 4,136,837 - -
Parking - - 1,178,641 459,536 1,178,641 459,536 - -
Solid Waste - - 5,481,420 5,467,986 5,481,420 5,467,986 - -
Emergency Medical Svcs - - 7,864,987 8,987,340 7,864,987 8,987,340 - -
Public Transportation - - - - - - 13,824,067 12,947,703
Total Expenses 205,133,996 164,683,229 73,074,437 64,872,482 278,208,433 229,555,711 13,824,067 12,947,703
Change in Net Position
Before Transfers (26,760,619) 4,504,080 10,972,542 13,709,545 (15,788,077) 18,213,625 (2,880,289) (1,316,233)
Transfers 2,768,851 5,229,661 (2,768,851) (5,229,661) - - - -
Change in Net Position (23,991,768) 9,733,741 8,203,691 8,479,884 (15,788,077) 18,213,625 (2,880,289) (1,316,233)
Beginning Net Position 158,594,875 148,861,134 211,791,275 203,311,391 370,386,150 352,172,525 $32,265,944 33,582,177
Ending Net Position $134,603,107 $158,594,875 $219,994,966 $211,791,275 $354,598,073 $370,386,150 $29,385,655 $32,265,944
Governmental Activities
Net position for governmental activities decreased by $23,991,768 during fiscal 2019, a decrease of 15.1%
from the balance of Net Position at December 31, 2018. Revenue of $178,373,377 increased by
$9,186,068, or 5.4%. Expenses were $205,133,996 during 2019, an increase of $40,450,767, or 24.6% as
compared to fiscal 2018.
The governmental activities revenue increases were due primarily to higher property tax and income tax
revenue during 2018 resulting from an increase in assessed property values and an improving local
economy. Additionally, investment revenues increased dramatically in 2019, spurred by a larger asset pool
in the investment portfolio and strong market performances. Governmental activities expenses increased
significantly in 2019, due primarily to several large debt-funded expenditures that were not recognized as
capital assets. Additionally, pension and OPEB expense increased significantly in 2019.
10
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Business-type Activities
Net position from business-type activities increased by $8,203,691 during fiscal 2019, an increase of 3.9%
from the balance of Net Position at December 31, 2018. During 2019, business-type activities revenue of
$84,046,979 increased by $5,464,952, or 6.95%, over fiscal 2018. During 2019, business-type activities
expenses of $73,074,437 increased by $8,201,955, or 12.64%, when compared to fiscal 2018.
These changes are due primarily to higher-than-expected revenue, particularly in the Wastewater Utility.
Component Unit
Net position for the South Bend Public Transportation Corporation decreased by $2,880,289. This decrease
was primarily driven by increased expenses in the areas of labor, professional services, and material and
supply expense. Total operating expenses increased by $855,416, or 7%. Additionally, operating grants
from the federal and state governments decreased by $625,679, or 12.1%.
Financial Analysis of Governmental Funds
The City of South Bend uses fund accounting to ensure and demonstrate compliance with finance related
legal requirements. Funds of the City are divided into three categories: governmental funds, proprietary
funds and fiduciary funds.
Condensed Balance Sheet,
Statement of Revenue, Expenditures, and Changes in Fund Balance
As of December 31, 2019
General
Fund
Parks and
Recreation
Public
Safety LOIT COIT EDIT Rainy Day
River West
TIF
Nonmajor
Funds Total
Total assets $45,457,570 $ 3,773,841 $ 3,264,927 $13,364,939 $18,075,472 $10,770,099 $37,456,274 $92,033,449 $224,196,571
Total liabilities 2,157,970 1,127,909 277,450 721,400 366,970 - 866,082 9,232,698 14,750,479
Fund Balances
Nonspendable - 15,686 - - - - - - 15,686
Restricted - 2,630,246 2,987,477 - - - 36,590,192 77,010,483 119,218,398
Committed - - - - - - - 4,495,457 4,495,457
Assigned 820,834 - - 12,643,539 17,708,502 10,770,099 - 1,352,663 43,295,637
Unassigned 42,478,766 - - - - - - (57,852) 42,420,914
Total fund balances 43,299,600 2,645,932 2,987,477 12,643,539 17,708,502 10,770,099 36,590,192 82,800,751 209,446,092
Total liabilities and fund
balances 45,457,570 3,773,841 3,264,927 13,364,939 18,075,472 10,770,099 37,456,274 92,033,449 224,196,571
Revenues 71,873,514 19,400,603 9,287,925 13,285,302 14,025,594 301,373 19,876,040 30,323,026 178,373,377
Expenditures 73,089,399 24,738,130 8,137,525 8,439,903 5,940,181 - 17,090,497 79,044,491 216,480,126
Net Surplus (deficit) (1,215,885) (5,337,527) 1,150,400 4,845,399 8,085,413 301,373 2,785,543 (48,721,465) (38,106,749)
Other sources (uses) 5,885,685 587,998 - (3,837,252) (5,643,431) - (4,203,837) 20,898,222 13,687,385
Net Change in Fund
Balances 4,669,800
(4,749,529) 1,150,400 1,008,147 2,441,982 301,373
(1,418,294) (27,823,243)
(24,419,364)
Beginning Fund
Balance 38,629,800 7,395,461 1,837,077 11,635,392 15,266,520 10,468,726 38,008,486 110,623,994 233,865,456
Ending Fund Balance 43,299,600 2,645,932 2,987,477 12,643,539 17,708,502 10,770,099 36,590,192 82,800,751 209,446,092
As of December 31, 2019, the City governmental funds reported a combined ending fund balance of
$209,446,092.
11
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
The nonspendable fund balance of $15,686 is sequestered for inventory, and is, therefore, not available for
new spending. The restricted fund balance of $119,218,398 consists of monies in debt service funds or
other funds such as road and tax increment financing funds that are limited by external parties as to their
use. The committed fund balance of $4,495,457 is designated by the South Bend Common Council or
South Bend Redevelopment Commission to be used for certain purposes such as for economic
development projects. The assigned fund balance of $43,295,637 includes balances in local option income
tax funds that have not been committed to certain projects and are available for spending by the City. The
remaining unassigned fund balance of $42,420,914 consists of money primarily in the General Fund that
has not been obligated in any manner by the City less deficits in certain nonmajor governmental funds due
primarily to accrued wages that will be paid back over time.
The General Fund is the primary operating fund for City operations including general government, public
safety, certain culture and recreation expenses, and certain debt service obligations.
As of December 31, 2019, the General Fund balance of $43,299,600 represents an increase of $4,669,800,
or 12.1% from the balance as of December 31, 2018. The increase was due primarily to higher property tax
revenue during 2018 than expected and lower spending for public safety and administration than
anticipated.
As of December 31, 2019, the General Fund had an unassigned fund balance of $42,478,766 which is
equal to 58.1% of 2019 General Fund expenditures.
The General Fund unassigned fund balance has traditionally been used by the City to fund certain capital
projects and emergency contingencies. In addition, the City used the unassigned fund balance in 2019 as
a cash flow bridge to the receipt of property tax revenues from the County collection authority which
distributes property tax revenue twice per year (June and December). The General Fund unassigned
balance provided sufficient cash to cover City operating obligations without incurring tax anticipation notes
and resultant borrowing costs during fiscal 2019.
As discussed in Governmental Accounting, Auditing, and Financial Reporting (GAAFR), a General Fund
unassigned fund balance should be either 1) no less than 5 to 15 percent of regular General Fund operating
revenues, or 2) no less than one to two months of regular General Fund operating expenditures. An
unassigned fund balance may be higher if circumstances dictate, such as a delay in collection of a major
revenue source. The City has a policy to maintain fund reserves equal to at least 35% of annual
expenditures and exceeded this target at December 31, 2019.
The Parks and Recreation Fund balance decreased by $4,749,529 during fiscal 2019, due primarily to
the planned spend down of fund balance on the My SB Parks & Trails capital projects. As of December 31,
2019, the fund balance in the Parks and Recreation Fund was $2,645,932, or 10.7% of 2019 expenditures.
The City has a policy to maintain fund reserves equal to at least 25% of annual expenditures in this fund,
and did not meet this target as of December 31, 2019. This was primarily due to much higher than normal
expenditures on capital projects during 2019.
The Public Safety Local Option Income Tax Fund (Public Safety LOIT) was created in October 2009,
with the local legislative passage of an increase in local option income taxes of 0.95%, a part of which
(0.25%) tax increase was established to fund public safety expenditures. The City has established the
Public Safety LOIT Fund as a major governmental fund, due solely to its purpose of creating a funding
source to sustain public safety staffing levels, which were compromised by state implementation of property
tax reform that has reduced property tax revenues, which historically are the source of public safety funding.
Public Safety LOIT funds are used to cover the personnel costs of police officers and firefighters. Receipts
of Public Safety LOIT tax revenue commenced in January 2010. The increase in fund balance in the amount
12
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
of $1,150,400 during 2019 was due to increased revenue for this fund for police and fire personnel. The
ending fund balance was $2,987,477, or 36.7% of annual expenditures.
The County Option Income Tax Fund (COIT) and Economic Development Income Tax Fund (EDIT)
funds are used to fund major capital and construction projects, economic development initiatives, certain
subsidies and support to organizations and units that benefit city economic development and cultural
venues, certain city-wide expenditures such as major technology costs, and certain debt service payments.
The COIT fund balance increased by $1,008,147 during 2019, due to an unanticipated excess income tax
distribution. The City has operationally sequestered COIT funds for use in major capital and construction
funding initiatives, certain subsidies and support to organizations and units that benefit city economic
development and cultural venues, city-wide expenditures like telephone and electricity for streetlights, and
certain debt service payments.
As of December 31, 2019, the COIT Fund balance was $12,643,539, or 149.8% of 2019 expenditures and
transfers out. This level of fund reserves is significantly higher than the City policy target of 50%.
The EDIT Fund balance increased by $2,441,982 during 2019 due to lower than anticipated expenses
related to initiatives of Community Investment and an unanticipated excess income tax distribution. The
City has operationally sequestered EDIT funds for use in major economic development initiatives, certain
subsidies and support to organizations and units that benefit city economic development and cultural
venues, operational costs of the street, code enforcement and community investment departments and
certain debt service payments.
As of December 31, 2019, the EDIT fund balance was $17,708,502, or 298.1% of 2019 expenditures and
transfers out. The City policy target is 50%.
The Rainy Day Fund is used to account for unused and unencumbered funds that are transferred from a
fund that has a tax levy. Revenues in this fund also include special distributions of county option income
tax and county economic development income tax. The ending fund balance at December 31, 2019 was
$10,770,099 or 3.9% of government-wide expenses during 2019, and meets the City’s cash reserve policy
goal of 3.0%.
The fund balance in the River West TIF Fund decreased by $1,418,294 during 2019. This change was the
result of spending down previously received TIF revenue on capital projects.
As of December 31, 2019, the River West TIF Fund balance was $36,590,192, entirely restricted for use in
economic development projects.
During 2019, the fund balances in nonmajor governmental funds decreased by $27,823,243 due to the
spend-down of previously issued bond proceeds on capital projects.
The total balance in nonmajor governmental funds was $82,800,751 at December 31, 2019. These fund
balances provide the necessary resources that the City requires to meet future capital construction needs,
ongoing debt service obligations, and economic development project initiatives in order to fuel community
growth within the City.
Individual fund data for each of the nonmajor governmental funds is provided in the form of the combining
statements immediately following the Required Supplemental Information within the Financial Section of
the CAFR.
Governmental Fund Revenue
13
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
The following schedule presents a summary of governmental fund revenue for the year ended December
31, 2019 with comparison to the prior year:
2019 Actual
% of
Total 2018 Actual
% of
Total
Tax Based General Property $ 82,470,667 46.2% $ 80,155,902 47.4%
Local Income Tax 34,842,965 19.5% 33,527,962 19.8%
Hotel/Motel Tax 630,000 0.4% - 0.0%
Total Tax 117,943,632 66.1% 113,683,864 67.2%
Non-Tax Based Licenses & Permits 284,048 0.2% 245,956 0.1%
Intergovernmental 31,987,992 17.9% 35,167,863 20.8%
Charges for Services 5,658,913 3.2% 5,735,251 3.4%
Fines and Forfeitures 1,124,570 0.6% 494,836 0.3%
Interest Income 5,136,772 2.9% 3,304,646 2.0%
Other 16,237,450 9.1% 10,554,893 6.2%
Total Non-Tax Based 60,429,745 33.9% 55,503,445 32.8% Total Revenue $ 178,373,377 100.0% $ 169,187,309 100.0%
Tax revenue continues to represent the most significant source of revenue required to support services
provided by the City. Property tax revenue is the primary source of funding for governmental expenditures.
Property tax revenue is based on a relationship between two variables. The first variable is the net assessed
property valuation of industrial, commercial and residential parcels for both real and personal property. The
second variable is the application of a tax rate to arrive at the total tax levy. Taxable property is assessed
at 100% of the true tax value. The amount of property tax levied (billed to property owners) is further
restricted by State of Indiana-enacted property tax legislative reform, the so-called “circuit breaker” property
tax caps in 2009, to no more than 1.0% (homestead), 2.0% (other residential/rental) or 3.0%
(commercial/industrial) of gross assessed valuation. Property tax revenue includes taxes collected on
behalf of the following funds: General Fund, Parks and Recreation Fund, Cumulative Capital Development
Fund, Redevelopment Commission Tax Incremental Financing (TIF) Funds, and a special levy to cover
debt service for City-issued Parks bonds.
The City recognizes the need to further diversify the revenue stream and to reduce its dependency on
general property taxes to ensure that a broad base of users of city services, including nonresidents who
work in the City, share in the funding of basic City services. As a result of the need to diversify the revenue
stream, the City of South Bend Common Council, the City of Mishawaka Common Council, and Saint
Joseph County Council (together comprising the local income tax council) have adopted a Local Income
Tax rate of 1.75%. The Local Income Tax consists of four components: 0.50% for the expenditure rate–
certified shares component (formerly the County Option Income Tax), 0.40% for the economic development
component (formerly the Economic Development Income Tax), 0.25% for the public safety component
(formerly the Public Safety Local Option Income Tax), and a 0.60% property tax relief component. The
property tax relief component of the Local Income Tax does not result in any direct revenue to the City, but
rather reduces circuit breaker property tax losses.
The City continues to seek diversified sources of revenue that will reduce its reliance on property and
income taxes. One viable source of revenue is from user fees and/or charges for services currently being
performed. City-performed services are priced at levels representing the full cost of service, taking into
consideration fees charged by providers of similar services. The City performs ongoing reviews of user fee
costs incurred and revises service fee prices as required.
14
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Total tax revenue was $117,943,632 during 2019 and increased by $4,259,768, or 3.7%, from 2018. This
increase was driven by an increase in normal tax distributions due to the continuing improvement in the
overall economy as well as a one-time distribution in Local Income Tax revenue that occurred in 2019. Total
non-tax-based revenue was $60,429,745 and increased $4,926,300, or 8.9%, from 2018. This is due
primarily from an increase in interest and investment income, as well as certain payments received from
insurance.
Governmental Fund Expenditures
The City accounts for government fund expenditures in eight functional categories as follows: (1) general
government, (2) public safety, (3) highways and streets, (4) community and economic development, (5)
culture and recreation, (6) bond issuance costs (7) debt service, and (8) capital outlay.
The following schedule presents a summary of governmental fund expenditures for the year ended
December 31, 2019 with comparison to fiscal year 2018.
2019 Actual
% of
Total 2018 Actual
% of
Total
General Government $ 11,714,095 5.4% $ 12,763,226 6.9%
Public Safety 74,695,638 34.5% 75,530,051 40.6%
Highways and Streets 19,636,991 9.1% 16,906,126 9.1%
Community & Economic Development 20,706,436 9.6% 22,179,273 11.9%
Culture and Recreation 26,106,656 12.1% 16,597,764 8.9%
Debt Service 20,420,060 9.4% 18,983,039 10.2%
Capital Outlay 43,200,250 20.0% 23,240,519 12.5%
Total Expenditures $ 216,480,126 100.0% $186,199,998 100.0%
Governmental fund expenditures in fiscal 2019 of $216,480,126 increased by $30,280,128, or 16.3%, in
comparison to governmental fund expenditures in fiscal 2018.
Capital outlay expenditures increased by $19,959,731 or 85.9% during 2019 due primarily to the City’s
“MySB Parks and Trails” initiative, which began in 2018 and will continue into 2020. This initiative is a
significant capital investment.
Public Safety expenditures continue to be the primary use of government fund resources with 34.5% of
expenditures used for this purpose in fiscal 2019. Public safety spending is followed by capital outlay
expenditures (20.0%), culture and recreation (12.1%), community and economic development (9.6%), debt
service (9.4%), highways and streets (9.1%), and general government (5.4%). General government
spending is comprised of the executive offices of the Mayor, Common Council, City Clerk, Legal, Controller,
and other administrative functions. Overall governmental expenditures increased during 2019, in part due
to increases in public safety wages and benefits occurring in conjunction with a four-year collective
bargaining agreement with the fraternal order of police. General government expenditures decreased
during 2019 due to increases in efficiencies among administrative departments.
Proprietary funds
15
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Condensed Statement of Net Position
Revenue, Expenses, and Changes in Fund Net Position
As of December 31, 2019
Enterprise Funds
Water Utility
Wastewater
Utility
Century
Center
Nonmajor
Enterprise Total
Governmental
Activities
Proprietary
Internal Service
Total assets $ 69,926,822 $ 192,963,144 $ 19,446,724 $ 27,013,376 $ 309,350,066 $ 24,500,412
Total deferred outflows 61,641 1,425,556 - - 1,487,197 -
Total liabilities 15,752,971 63,784,048 333,948 9,902,670 89,773,637 6,197,761
Total deferred inflows 1,020,743 - 47,917 - 1,068,660 -
Net Position Net investment in capital assets 39,556,598 91,566,761 16,603,459 7,562,176 155,288,994 (477,234)
Restricted: -
Debt service 289,490 1,091,452 - - 1,380,942 -
Customer repair & deposit 1,291,844 414,550 - - 1,706,394 -
Cash with fiscal agent 33,720 342,186 - 414,603 790,509 -
Bond reserve 1,399,159 4,291,915 - - 5,691,074 -
Operating reserve 2,912,439 5,582,848 - - 8,495,287 -
Capital outlay 4,211,080 9,417,064 981,681 2,027,139 16,636,964 -
Unrestricted 3,520,419 17,897,876 1,479,719 7,106,788 30,004,802 18,779,885
Total net position 53,214,749 130,604,652 19,064,859 17,110,706 219,994,966 18,302,651
Operating Revenues 20,406,057 41,324,779 3,268,026 14,233,418 79,232,280 41,787,836
Operating Expenses 15,392,358 30,285,289 5,419,345 18,538,581 69,635,573 41,938,132
Operating Income (Loss) 5,013,699 11,039,490 (2,151,319) (4,305,163) 9,596,707 (150,296)
Non-Operating Revenue
(Expenses) (459,806) (1,066,791) 1,237,662 (45,992) (334,927) 492,138
Income (Loss) before Contributions
& Transfers 4,553,893 9,972,699 (913,657) (4,351,155) 9,261,780 341,842
Capital Contributions 173,745 9,602 683,912 843,503 1,710,762 -
Transfers in - 200,000 - 4,063,540 4,263,540 -
Transfers Out (1,722,624) (4,738,366) (90,752) (480,649) (7,032,391) (600,000)
Change in Net Position 3,005,014 5,443,935 (320,497) 75,239 8,203,691 (258,158)
Total Net Position - Beginning 50,209,735 125,160,717 19,385,356 17,035,467 211,791,275 18,560,809
Total Net Position - Ending $ 53,214,749 $ 130,604,652 $ 19,064,859 $ 17,110,706 $ 219,994,966 $ 18,302,651
The City of South Bend maintains two types of proprietary funds: enterprise and internal service.
The City maintains seven (7) enterprise funds. Information is presented separately in the Proprietary
Statement of Net Position, the Proprietary Statement of Revenues and Expenditures, and Changes in Fund
Net Position for the Water Utility, Wastewater Utility and Century Center, which are considered major
enterprise funds. Data from the other four (4) nonmajor enterprise funds (Consolidated Building
Department, Parking Garage, Solid Waste, and Emergency Medical Services) are combined into a single,
aggregated presentation.
The City maintains seven (7) internal service funds. The City maintains seven (7) internal service funds.
The City of South Bend uses internal service funds to account for its self-funded liability insurance program,
self-funded employee health benefits program, unemployment compensation claims, police take-home
vehicle insurance program, Innovation & Technology and 311 call center, parental leave benefit for City
employees, and central services unit (a department that accounts for expenses related to fuel, vehicle
repairs, printing and other services provided to City departments on a cost-reimbursement basis). Because
these services predominantly benefit governmental rather than business-type functions, they have been
16
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
included within governmental activities in the government-wide financial statements but are combined into
a single, aggregated presentation in the proprietary fund financial statements. The internal service funds
have been combined into a single, aggregated presentation.
As of December 31, 2019, City enterprise funds reported a net position of $219,994,966, an increase of
$8,203,691, or 3.9%, from the net position at December 31, 2018.
At December 31, 2019, enterprise fund net position includes net investment in capital assets of
$155,288,994, restricted net position of $34,701,170 and unrestricted net position of $30,004,802.
During 2018, the Water utility experienced an increase in net position of $3,005,014 and the Wastewater
utility experienced an increase in net position of $5,443,935. The Water utility experienced increased
operating revenues of $3,638,774 while the Wastewater utility experienced an increase in operating
revenue of $1,393,350. This was primarily due to a 22% rate increase in water rates that was approved by
the South Bend Common Council in 2017 and went into effect in 2018 and 2019.
During 2019, Century Center experienced a decrease in net position of $320,497. The Century Center is
nearly always operating at a slight loss, and this decrease in net position was smaller than in previous years
and better than projected.
Nonmajor Enterprise Funds experienced an increase in net position of $75,239 during 2019. The Parking
Garage Fund reported an increase in net position of $702,966 primarily as the result of capital contributions
paid for by the Major Moves Fund. The Consolidated Building Fund reported an increase in net position
of $140,353 during 2019. The Solid Waste Fund reported an increase in net position of $2,857 and
continues to accumulate capital lease debt to finance new trash trucks. Emergency Medical Service
reported a decrease in net position of $770,937 as a result of continually declining reimbursement for
ambulance services, especially with respect to Medicaid patients.
Internal Services Funds reported net position of $18,302,651 at December 31, 2019, a decrease of
$258,158, or 1.4%, compared to net position at December 31, 2018. The Liability Insurance Fund
increased in net position by $3,103,717 in 2019 as the result of insurance proceeds stemming from the
2018 flood. The Central Services Fund increased its net position by $216,666. The Self-Funded
Employee Benefits Fund decreased in net position by $3,011,333 due to the intentional spend-down of
fund balance in this fund. The Innovation & Technology and 311 Call Center fund is a fully allocated
fund which supports most city departments. The Innovation & Technology and 311 Call Center Fund had
a net position of $1,813,516 at December 31, 2019, a decrease of $490,667 over the end of 2018.
Fiduciary Funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the government.
The City maintains four fiduciary funds, which consist of two pension trust funds (1925 Police Officers’
Pension and 1937 Firefighters’ Pension) and two custodial funds (Payroll and Police Distributions Payable).
Pension Trust Custodial
Total Assets $ 1,039,559 $ 1,192,799
Total Liabilities 171 1,192,799
Total Net Position 1,039,388 -
Total Additions 10,608,305 111,126,568
Total Deductions 10,833,654
Changes in Net Position $(225,349) $ -
Effective in fiscal 2009, with the passage of State legislation, the State of Indiana began making
contributions to the 1925 Police Officers’ and 1937 Firefighters’ Pension Funds. These funds no longer
17
111,126,568
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
receive property tax revenue distributions beyond fiscal 2009. The administration of the pension plans is
the responsibility of the City.
The net position maintained in the pension trust is the result of timing differences in the payment of pension
benefits and the contributions received from the State of Indiana (the State reimburses in June and
September for expenses paid in the previous calendar year). The cost of healthcare benefits to pension
members are not covered by State contributions. The 1925 Police Officers’ and 1937 Firefighters’ pension
funds will no longer pay retiree health insurance costs, these costs will be paid from the regular police and
fire operating budgets.
General Fund Budgetary Highlights
The City prepares an annual budget for General Fund expenditures, which is subject to City of South Bend
Common Council approval for adoption, before November 1 of the year preceding the budget period,
according to state statute concerning the annual budget of second class cities and towns. The Common
Council adopted the 2019 budget at its meeting held in October 2018.
The General Fund budget applicable for fiscal 2019 is reported as follows:
Original Final
Actual
Budgetary
Basis Variance Revenue / Transfers In $ 64,707,205 $ 65,911,607 $ 67,746,844 $ 1,835,237
Expenditures / Transfers Out 64,707,205 66,355,336 63,071,065 $ 3,284,271
Surplus (Deficit) $ - $ (443,729) $ 4,675,779 $ 5,119,508
General Fund revenue/transfers in was originally budgeted at $64,707,205 for fiscal 2019. During the year,
the General Fund revenue/transfers in budget was increased by $1,204,402 to $65,911,607. The budget
may be increased or decreased at any time based on updated revenue projections. By closely aligning the
budget with actual results, the City is able to increase the meaningfulness of its analysis. The
revenue/transfers in budget was increased primarily due to an increase in the property tax estimate because
of higher collections than anticipated.
During 2019, the General Fund collected $67,746,844 in revenue/transfers in on a budgetary basis, which
was $3,039,639 higher than the original budget. This difference is 4.7% more than the original budget. This
increase over budget is due mainly to higher-than-budgeted property tax receipts in 2019.
General Fund expenditures/transfers out were originally budgeted at $64,707,205 for fiscal 2019. During
the year, the General Fund expenditure/transfers out budgets were increased by $1,648,131 to
$66,355,336. Additional appropriations were passed for Fire Department renovations and other purposes.
Carry forward of unspent encumbrances from 2018 also increased the 2019 amended budget.
General Fund spending is reviewed on a monthly basis under the direction of the City Controller to ensure
spending remains within budgetary constraints. Monthly reviews are conducted as required with General
Fund department management to review spending projections to ensure that annual expenditures remain
within the budgetary levels. Budget amendments for cost-neutral redistribution between expense categories
(i.e., personnel, supplies, services, capital) were submitted to Common Council four times during 2019, as
required to adjust the budget to prevent any budget overruns in any expenditure category.
Additional appropriations for projects, initiatives, or unbudgeted spending requirements within the General
Fund are presented to the Common Council for adoption as deemed necessary by the Mayor.
18
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
General Fund expenditures/transfers out incurred on a budgetary basis, including cash expended and
outstanding encumbrances as of year-end December 31, 2019, amounted to $63,071,065. The
expenditures/transfers out and commitments as of year-end December 31, 2019 are less than the 2019
amended General Fund budget by $3,284,271 or 4.94%. The largest savings were in the police and
administration/finance department budgets as personnel and other costs spent were less than budgeted
due to position vacancies and other factors.
Capital Assets and Debt Administration
Statement of Capital Assets of the Primary Government
Governmental Activities Business-type Activities Government-wide
2019 2018 2019 2018 2019 2018
Assets not depreciated
Land $14,496,141 $14,496,141 $2,586,613 $2,614,014 $17,082,754 $17,110,155
Construction in Progress 26,595,503 18,009,789 6,241,020 17,841,033 32,836,523 36,956,635
Total 41,091,643 32,505,930 8,827,633 20,455,047 49,919,277 54,066,790
Assets depreciated
Buildings 129,152,007 120,384,084 85,371,558 83,425,676 214,523,566 203,809,760
Non-building improvements 21,454,732 21,052,069 26,920,828 26,873,450 48,375,560 47,925,519
Machinery and Equipment 48,243,704 48,608,151 44,777,958 43,574,154 93,021,662 92,182,305
Roads and Infrastructure 478,788,961 468,753,379 233,323,602 216,476,719 712,112,563 685,230,098
Total Cost 677,639,404 658,797,683 390,393,947 370,349,999 1,068,033,351 1,029,147,682
Accumulated Depreciation
Buildings 55,005,394 52,451,586 40,325,666 38,629,055 95,331,060 91,080,641
Non-building improvements 11,680,799 10,967,455 9,801,239 8,608,656 21,482,038 19,576,111
Machinery and Equipment 34,237,386 33,842,342 26,945,733 25,771,251 61,183,119 59,613,593
Roads and Infrastructure 340,699,917 327,964,417 84,342,115 79,317,195 425,042,032 407,281,612
Total Accumulated
Depreciation 441,623,496 425,225,800 161,414,752 152,326,157 603,038,248 577,551,957
Net Depreciated Assets 236,015,908 233,571,883 228,979,195 218,023,842 464,995,103 451,595,725
Net Capital Assets $277,107,551 $266,077,813 $237,806,828 $238,478,889 $514,914,379 $505,662,515
The investment in capital assets includes land and land improvements, buildings and building
improvements, vehicles, information technology equipment, machinery and equipment, and construction in
progress. A detailed explanation of these capital assets can be found in the Notes to the Basic Financial
Statements.
Under the category of roads and infrastructure, the current cost amount of $712,112,563 includes estimated
costs derived primarily from the City’s 2006 implementation of GASB Statement No. 34, which required the
retroactive reporting of infrastructure capital assets. All other assets are recorded at historical cost.
Major Capital Asset Project Spending in 2019
Included in capital asset additions for 2019 were the following major projects:
• Wastewater: Secondary Treatment Improvement ($16,071,306)
• Venues Parks & Arts Construction in Progress: Howard Park improvements ($17,568,687)
• Venues Parks & Arts: Charles Black renovations ($4,406,949)
• Streets: Dr. MLK Jr Streetscape improvements ($3,818,000)
• Fire Department: Fire Station #4 ($3,351,062)
19
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Capital Assets Analysis
As of December 31, 2019, government-wide capital assets were valued at $514,914,379, net of
accumulated depreciation, an increase of $7,015,731, or 1.83%, since December 31, 2018. Construction
in Progress decreased by $4,120,112, and capitalized assets in land, buildings, improvements, machinery
and equipment, and roads increased by $13,371,976, net of depreciation, since December 31, 2018.
At December 31, 2019, the cost of Roads & Infrastructure ($712,112,563) was the major asset class
followed by Buildings ($214,523,566) and Machinery & Equipment ($93,021,662).
Total depreciation expense was $32,649,270 for 2019, as compared to $31,715,747 for 2018. Depreciation
expense was $20,379,357 for governmental activities and $12,269,913 for business-type activities for 2019.
Additional information on capital assets can be found in the notes to the financial statements in Note 6.
Debt Administration
Outstanding debt principal as of December 31, 2019 was $244,349,532, a decrease of $15,470,467, or
5.95% from 2018. City outstanding debt includes general obligation bonds, revenue bonds, mortgage
bonds, notes and loans payable and capital leases.
Beginning Additions Retirements Ending
Governmental Activities
General Obligation Bonds $ 18,737,645 $ - $ (942,298) $ 17,795,347
Revenue Bonds 120,483,913 9,447,841 (7,538,423) 122,393,330
Mortgage Bonds 8,300,854 - (1,986,658) 6,314,196
Notes and Loans 4,108,822 - (347,671) 3,761,150
Capital Leases 12,832,195 1,632,870 (4,042,727) 10,422,338
Total Governmental Activities Debt 164,463,430 11,080,711 (14,857,778) 160,686,361
Business-Type Activities
Revenue Bonds 80,178,104 2,814,257 (12,281,925) 70,710,436
Mortgage Bonds 4,951,978 - (315,534) 4,636,444
Notes and Loans 2,231,783 - (215,694) 2,016,089
Capital Leases 7,994,705 798,498 (2,493,001) 6,300,202
Total Business-Type Activities Debt 95,356,570 3,612,755 (15,306,154) 83,663,171
Total Debt $ 259,820,000 $ 14,693,465 $(30,163,932) $ 244,349,532
During 2019, the City entered into capital lease agreements in the amount of $2,431,368 to purchase certain
vehicles, copiers, and equipment. The lease terms are typically for five years with semi-annual debt service
paid from the operating budgets of the user departments. Capital lease financing is used to acquire police
vehicles, public works vehicles, computer replacements, copiers and other vehicles and equipment. The
City solicits competitive financing proposals for lease financing from local and national companies and the
interest rate achieved during 2019 was on average less than 2% for these leases.
Under the Indiana Constitution and State statute, the City's general obligation bonded debt and certain
other debt is subject to a legal limitation based upon 2% of 1/3 of the total assessed value of real and
personal property. The City issued a lease rental revenue bond in 2019 related to the construction of new
20
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
tracks for the South Shore railway, which is owned by the Northern Indiana Commuter Transportation
District (NICTD). This debt issuance of $9,250,000 is not subject to this debt limitation. A calculation of the
City’s legal debt limitation can be found in the statistical debt capacity section of this document.
Additional information on debt can be found in the Notes to Financial Statements in Note 8 - Leases and
Note 9 - Lonvg-term Debt.
Significant Subsequent Events
In March 2020, the United States of America, the State of Indiana, and local county and city governments
declared states of emergency related to the outbreak of the COVID-19 virus. This pandemic and the
resulting impact on the local economy will have far-reaching effects on the City’s financial condition,
including the potential for the loss of future tax revenue and charges for services revenue, as well as
increased expenses related to the response to, cleanup of, and economic recovery from the virus. The City
continues to monitor and track the financial impact of this situation.
Economic Factors and 2019 Budget
Economic Factors
Property tax revenue, historically and at present, is the principal source of revenue for funding of
governmental activities within the City of South Bend.
The State of Indiana General Assembly enacted property tax reform legislation in March 2008. Known as
the “Circuit Breaker”, House Enrolled Act 1001 (HEA 1001) limits property taxes paid to 1% of gross
assessed value for residential homesteads, 2% for agricultural/rental properties, and 3% for all other real
and personal property.
Under current legislation, all Indiana localities assess properties based on market values. Each year
properties are “trended”, which involves comparing property values to sales activity in the neighborhood
and adjusting the current assessed values up or down according to the trended data.
The Circuit Breaker legislation was phased in commencing in fiscal 2009 and has led to significant
reductions in property tax revenues available to fund city governmental operations since then. In 2019, the
primary funds supported by property taxes (General Fund, Parks and Recreation Fund, and Cumulative
Capital Development Fund) lost approximately $35.9 million in taxable property tax levy due to the circuit
breaker caps (Indiana Legislative Services Agency, Circuit Breaker Report, May 2019).
As a consequence of the state enacted legislation in 2008, the City enacted a 0.95% local option income
tax increase to partially offset the property tax revenue loss. The local option tax increase became effective
in October 2009, and has resulted in an increase in local income taxes available to the City to fund ongoing
governmental operations of public safety, parks and recreation, highways and streets and general
government.
Management of the City of South Bend will continue to oversee the financial affairs from a position of fiscal
conservatism. Special attention will be given to maintaining adequate fund reserves in the General Fund
and the income tax funds as they are very important to the continued financial strength of the City.
City Management believes that the national economic recovery will continue for at least the next year, with
low inflation over the next fiscal period. However, the City anticipates that the economy will slow sometime
21
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
in the next 2-5 years, and is actively taking steps to alleviate negative impacts of an economic downturn
(such as building cash reserves and implementing sustainable alternative revenue sources)
Job creation is the primary engine to drive economic recovery. The City anticipates significant financial
difficulties in the economy in the latter part of 2020, stemming mainly from the outbreak of the COVID-19
virus. Therefore, the 2020 budget and the budgets for future will likely be amended to reflect lower revenue
estimates and increased need for economic stimulus.
2020 Budget and Beyond
The City will engage to ensure effective delivery of required services to taxpayers and residents within the
constraints of available financial resources. The City will continue to provide required services within the
constraints of a balanced General Fund budget. In the spirit of fiscal responsibility, the City has engaged in
a process of program budgeting with the Center for Priority Based Budgeting for the 2019 and 2020
budgets. This program budgeting is in addition to the state-required fund and account budgeting through
the Indiana Department of Local Government Finance.
The City’s fiscal responsibility is also preparing it for significant financial challenges in fiscal year 2020.
Preliminary projections of circuit breaker property tax losses indicate a potential decline of property tax
revenue of $1.6 million in the General Fund, $400,000 in the Parks & Recreation Fund and $3.8 million in
the Tax Increment Financing funds in fiscal year 2020. This is due to the expiration of a special credit to
local governments in Saint Joseph County and Lake County, which decreased the losses that the City
experienced through the Circuit Breaker Tax Credit. City Management is aware of this fiscal situation and
has developed strategies to address this matter, including maintaining strong reserves, redesigning capital
budgeting strategies, and ensuring that new spending is supported by new, sustainable revenue.
Through its Office of Innovation, the City continues to pursue reengineering programs targeted to create
efficiency and cost improvements within City operations. These include purchasing process reengineering,
back-office process improvements for human resources, performance management and other customer
service operations. These initiatives, upon successful deployment completion, will achieve the desired
results to create efficiency gains in the delivery of services to taxpayers.
The City is committed to creating a budget for fiscal 2021 that will remain fiscally responsible to the effective
delivery of required services to city residents and stakeholders within the existing revenue constraints, as
well as new revenue constraints imposed by the uncertain economic conditions we now face.
Specific concerns for the 2021 budget include the continuing impact of circuit breaker property tax reform
on City revenue, the need for economic stimulus in our city and the need to address ever-increasing public
safety costs, high health and pension costs and other stagnant or declining revenue sources such as
gasoline, wheel and auto excise taxes.
Requests for Information
This Management’s Discussion and Analysis, as contained within the City of South Bend Comprehensive
Annual Financial Report, is intended to provide readers with a general overview of the financial condition
of the City of South Bend as of December 31, 2019.
Questions concerning any of the information provided in this report, or requests for additional information,
should be addressed to:
22
City of South Bend, Indiana
Management’s Discussion and Analysis (Continued)
December 31, 2019
Daniel T. Parker, Controller
City of South Bend
Department of Administration and Finance
227 W. Jefferson Blvd., 12th Floor
South Bend, IN 46601
Telephone (574) 235-9822
Email dparker@southbendin.gov
City of South Bend
June 30, 2020
23
City of South Bend, Indiana
Statement of Net Position
December 31, 2019
Governmental Business-type Component
Activities Activities Total Unit
Assets
Cash and cash equivalents 78,707,560$ 9,243,698$ 87,951,258$ 271,478$
Investments 144,980,441 18,054,808 163,035,249 -
Receivables:
Accounts 2,463,455 5,808,871 8,272,326 106,852
Interest 673,685 195,362 869,047 -
Allowance for doubtful accounts - (160,100) (160,100) -
Intergovernmental 353,751 - 353,751 -
Loans 6,426,532 - 6,426,532 242,750
Lease - - - 1,145,205
Internal balances (33,387) 33,387 - -
Inventory 925,897 975,743 1,901,640 441,384
Prepaid expenses 932,816 16,356 949,172 -
Restricted assets 64,678 37,362,543 37,427,221 -
Property held for resale 8,993,197 - 8,993,197 -
Capital assets:
Assets not subject to depreciation 41,091,643 8,827,633 49,919,276 1,622,941
Assets subject to depreciation - net 236,015,908 228,979,195 464,995,103 28,774,409
Total assets 521,596,176 309,337,496 830,933,672 32,605,019
Deferred outflows of resources
Unamortized loss on refunding 1,880,927 1,487,197 3,368,124 -
Deferred outflows related to pensions 11,049,619 - 11,049,619 137,947
Deferred outflows related to OPEB 1,230,539 - 1,230,539 -
Total deferred outflows of resources 14,161,085 1,487,197 15,648,282 137,947
Liabilities
Accounts payable 7,158,244 2,395,352 9,553,596 260,540
Due to other governmental units - 10,824 10,824 -
Performance deposits payable 111,540 7,000 118,540 -
Accrued liabilities and other:
Accrued payroll payable 2,698,841 515,954 3,214,795 40,173
Accrued interest payable 2,166,416 497,569 2,663,985 -
Taxes payable 1,261 78,572 79,833 -
Customer deposits payable 3,065,972 1,760,365 4,826,337 -
Unearned revenue - 711 711 118,858
Other current payables 98,724 215,178 313,902 115,250
Noncurrent liabilities:
Due within one year:
Compensated absences 6,282,709 616,372 6,899,081 274,946
Claims payable 2,771,618 - 2,771,618 -
Notes and loans payable 355,246 199,656 554,902 548,828
General obligation bonds payable 980,000 - 980,000 -
Mortgage bonds payable 1,931,280 318,720 2,250,000 -
Capital leases 3,816,805 2,560,264 6,377,069 -
Revenue bonds payable 7,231,441 6,935,000 14,166,441 -
24
City of South Bend, Indiana
Statement of Net Position (Continued)
December 31, 2019
Governmental Business-type Component
Activities Activities Total Unit
Liabilities (continued)
Due in more than one year:
Notes and loans payable 3,405,904 1,816,433 5,222,337 307,529
General obligation bonds payable 16,815,347 - 16,815,347 -
Mortgage bonds payable 4,382,916 4,317,724 8,700,640 -
Capital leases 6,605,533 3,739,938 10,345,471 -
Revenue bonds payable 115,161,889 63,775,435 178,937,324 -
Net pension liability 171,967,397 - 171,967,397 875,060
Total OPEB liability 24,461,814 - 24,461,814 -
Total liabilities 381,470,897 89,761,067 471,231,964 2,541,184
Deferred inflows of resources
Unamortized service agreement - 47,917 47,917 -
Unamortized gain on refunding - 1,020,743 1,020,743 -
Deferred inflows related to pensions 12,486,614 - 12,486,614 816,127
Deferred inflows related to OPEB 7,196,643 - 7,196,643 -
Total deferred inflows of resources 19,683,257 1,068,660 20,751,917 816,127
Net position
Net investment in capital assets 123,340,793 155,288,994 278,629,787 30,351,397
Restricted:
Debt service 11,332,302 1,380,942 12,713,244 -
Customer repair and deposit - 1,706,394 1,706,394 -
Cash with fiscal agent - 790,509 790,509 -
Bond reserve - 5,691,074 5,691,074 -
Operating reserve - 8,495,287 8,495,287 -
Capital outlay - 16,636,964 16,636,964 -
Unrestricted (69,988) 30,004,802 29,934,814 (965,742)
Total net position 134,603,107$ 219,994,966$ 354,598,073$ 29,385,655$
25
City of South Bend, Indiana
Statement of Activities
December 31, 2019
Program Revenue Net (Expense) Revenue and Changes in Net Position
Operating Capital Grants Primary Government
Charges for Grants and and Governmental Business-type Component
Expenses Services Contributions Contributions Activities Activities Total Unit
Functions/programs
Primary government:
Governmental activities:
General government 10,915,147$ 452,796$ 280,560$ -$ (10,181,791)$ -$ (10,181,791)$ -$
Public safety 92,017,691 521,835 10,983,558 - (80,512,298) - (80,512,298) -
Highways and streets 27,114,327 244,790 779,200 - (26,090,337) - (26,090,337) -
Community and economic development 44,698,518 199,405 2,628,590 - (41,870,523) - (41,870,523) -
Culture and recreation 24,641,558 4,240,087 30,000 3,605,801 (16,765,670) - (16,765,670) -
Interest on long-term debt 5,746,755 - - - (5,746,755) - (5,746,755) -
Total governmental activities 205,133,996 5,658,913 14,701,908 3,605,801 (181,167,374) - (181,167,374) -
Business-type activities:
Water utility 16,268,059 20,440,181 - 173,745 - 4,345,867 4,345,867 -
Wastewater utility 32,482,382 41,324,779 - 9,602 - 8,851,999 8,851,999 -
Century center 5,469,673 3,268,026 - 683,912 - (1,517,735) (1,517,735) -
Consolidated building 4,329,275 2,043,272 - - - (2,286,003) (2,286,003) -
Parking garage 1,178,641 1,004,401 - 843,503 - 669,263 669,263 -
Solid waste 5,481,420 5,465,311 - - - (16,109) (16,109) -
Emergency medical services 7,864,987 5,720,434 - - - (2,144,553) (2,144,553) -
Total business-type activities 73,074,437 79,266,404 - 1,710,762 - 7,902,729 7,902,729 -
Total primary government 278,208,433$ 84,925,317$ 14,701,908$ 5,316,563$ (181,167,374) 7,902,729 (173,264,645) -
Component unit:
South Bend Public Transportation Corp.13,824,067$ 1,437,390$ 4,529,201$ -$ -$ -$ -$ (7,857,476)$
General revenue:
Taxes:
Property taxes 82,470,667 - 82,470,667 4,220,655
Income taxes 34,842,965 - 34,842,965 -
Hotel/motel taxes 630,000 1,275,000 1,905,000 -
State-shared revenue 13,680,283 - 13,680,283 -
Unrestricted investment income 5,136,772 1,784,206 6,920,978 15,773
Gain on sale of capital assets - 10,607 10,607 -
Other miscellaneous income 17,646,068 - 17,646,068 740,759
Total general revenue 154,406,755 3,069,813 157,476,568 4,977,187
Transfers 2,768,851 (2,768,851) - -
Change in net position (23,991,768) 8,203,691 (15,788,077) (2,880,289)
Net position - Beginning of year (restated)158,594,875 211,791,275 370,386,150 32,265,944
Net position - End of year 134,603,107$ 219,994,966$ 354,598,073$ 29,385,655$
26
City of South Bend, IndianaGovernmental FundsBalance SheetDecember 31, 2019Parks and Public SafetyNonmajorGeneral FundRecreationLOITCOITEDITRainy DayRiver West TIFFundsTotalAssetsCash and cash equivalents 13,289,026$ 1,134,442$ 973,750$ 3,808,078$ 5,204,189$ 3,212,171$ 9,969,178$ 35,177,177$ 72,768,011$ Investments 31,582,202 2,515,102 2,280,037 8,916,619 12,185,277 7,521,303 20,981,025 45,175,589 131,157,154 Receivables:Accounts410,652 68,665 - 6 354,660 - - 100,091 934,074 Interest136,403 8,446 11,140 44,983 61,345 36,625 96,198 212,371 607,511 Intergovernmental39,287 - - - - - - 314,464 353,751 Loans- - - - - - 675,000 5,751,532 6,426,532 Due from other funds- 31,500 - - - - - - 31,500 Advances to other funds- -- 420,253 - - - 2,488,902 2,909,155 Inventory- 15,686 - - - - - - 15,686 Property held for resale- --175,000 270,001 -5,734,873 2,813,323 8,993,197 Total assets 45,457,570$ 3,773,841$ 3,264,927$ 13,364,939$ 18,075,472$ 10,770,099$ 37,456,274$ 92,033,449$ 224,196,571$ LiabilitiesAccounts payable 327,870$ 845,705$ -$ 721,400$ 329,007$ -$ 713,057$ 2,964,592$ 5,901,631$ Due to other funds19,205 10,919 - - 31,963 - - 74,456 136,543 Advances from other funds- - - - - - 100,000 2,809,155 2,909,155 Performance deposits payable68,950 - - - 6,000 - 23,025 13,565 111,540 Accrued liabilities and other:Accrued payroll payable1,704,582 266,284 277,450 - - - - 277,337 2,525,653 Taxes payable521 740 - - - - - - 1,261 Other current payables36,842 4,261 - - - - 30,000 27,621 98,724 Customer deposits- -- -- --3,065,972 3,065,972 Total liabilities 2,157,970 1,127,909 277,450 721,400 366,970 -866,082 9,232,698 14,750,479 Fund balancesNonspendable - 15,686 - - - - - - 15,686 Restricted- 2,630,246 2,987,477 - - - 36,590,192 77,010,483 119,218,398 Committed- -- - - - - 4,495,457 4,495,457 Assigned820,834 - - 12,643,539 17,708,502 10,770,099 - 1,352,663 43,295,637 Unassigned42,478,766 - -- -- -(57,852) 42,420,914 Total fund balances 43,299,600 2,645,932 2,987,477 12,643,539 17,708,502 10,770,099 36,590,192 82,800,751 209,446,092 Total liabilities and fund balances 45,457,570$ 3,773,841$ 3,264,927$ 13,364,939$ 18,075,472$ 10,770,099$ 37,456,274$ 92,033,449$ 224,196,571$ See notes to financial statements27
City of South Bend, Indiana
Governmental Funds
Reconciliation of the Balance Sheet to the Statement of Net Position
December 31, 2019
Fund balances reported in governmental funds 209,446,092$
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and are not
reported in the funds 275,916,280
Prepaid expenses are not available to pay for current period expenditures, and therefore
are deferred in the funds 30,001
Deferred outflows on refunding are not due and payable in the current period and
are not reported in the funds 1,880,927
Deferred outflows related to pensions are not due and payable in the current period and are
not reported in the funds 11,049,619
Deferred outflows related to OPEB are not due and payable in the current period and are
not reported in the funds 1,230,539
Notes and loans payable, mortgage bonds payable, revenue bonds payable, and capital
leases are not due and payable in the current period and are not reported in the funds (158,953,178)
Accrued interest is not due and payable in the current period and is not reported in the funds (2,156,676)
Employee compensated absences are payable over a long period of years and do not represent
a claim on current financial resources; therefore, they are not reported as fund liabilities (6,030,680)
Net pension liabilities do not present a claim on current financial resources and are
not reported as fund liabilities (171,967,397)
Total OPEB liability does not present a claim on current financial resources and
is not reported as fund liability (24,461,814)
Deferred inflows of resources related to pensions do not present a claim on current
financial resources and are not reported as fund liabilities (12,486,614)
Deferred inflows of resources related to OPEB do not present a claim on current
financial resources and are not reported as fund liabilities (7,196,643)
Internal service funds are included as part of governmental activities 18,302,651
Change in net position of governmental activities 134,603,107$
See notes to financial statements 28
City of South Bend, IndianaGovernmental FundsStatement of Revenue, Expenditures, and Changes in Fund BalancesDecember 31, 2019Parks and Public SafetyNonmajorGeneralRecreationLOITCOITEDITRainy DayRiver West TIFFundsTotalRevenueProperty taxes 42,705,987$ 10,048,047$ -$ -$ -$ -$ 18,555,308$ 11,161,325$ 82,470,667$ Income taxes - - 9,205,130 12,879,847 12,673,893 - - 84,095 34,842,965 Hotel/motel taxes - - - - - - 395,000 235,000 630,000 Licenses and permits 280,898 - - - - - - 3,150 284,048 Intergovernmental 15,701,473 4,526,393 - 12,500 - - 41,206 11,706,420 31,987,992 Charges for services 1,631,092 2,651,303 - - - - 2,160 1,374,358 5,658,913 Fines and forfeitures 24,258 - - - 709,320 - - 390,992 1,124,570 Investment income 950,609 139,253 82,795 364,177 486,150 301,373 773,030 2,039,385 5,136,772 Other revenue 10,579,197 2,035,607 - 28,778 156,231 - 109,336 3,328,301 16,237,450 Total revenue 71,873,514 19,400,603 9,287,925 13,285,302 14,025,594 301,373 19,876,040 30,323,026 178,373,377 ExpendituresCurrent:General government 6,026,645 - - 4,818,658 288,426 - - 580,366 11,714,095 Public safety 62,137,788 - 8,137,525 380,612 2,818,011 - - 1,221,702 74,695,638 Highways and streets 3,299,842 - - 158,648 445,439 - - 15,733,062 19,636,991 Community and economic development - - - 1,041,696 1,973,826 - 11,954,907 5,736,007 20,706,436 Culture and recreation 1,467,159 24,238,433 - 392,388 - - - 8,676 26,106,656 Bond issuance costs - - - - - - - 293,022 293,022 Capital outlay - - - - - - - 43,200,250 43,200,250 Debt service:Principal 151,720 456,371 - 1,557,180 233,538 - 3,938,315 7,787,466 14,124,590 Interest on long-term debt 6,245 43,326 - 90,721 180,941 - 1,197,275 4,483,940 6,002,448 Total expenditures 73,089,399 24,738,130 8,137,525 8,439,903 5,940,181 - 17,090,497 79,044,491 216,480,126 Excess of revenue (under) over expenditures (1,215,885) (5,337,527) 1,150,400 4,845,399 8,085,413 301,373 2,785,543 (48,721,465) (38,106,749) Other financing sources (uses)Issuance of debt - 168,970 - - - - - 8,619,487 8,788,457 Premium on debt - - - - - - - 1,462,841 1,462,841 Proceeds from sale of capital assets 44,170 8,160 - - 4,395 - - 10,511 67,236 Transfers in 6,475,990 410,868 - 927,077 178,534 - 62,261 19,424,705 27,479,435 Transfers out (634,475) - - (4,764,329) (5,826,360) - (4,266,098) (8,619,322) (24,110,584) Total other financing sources (uses) 5,885,685 587,998 - (3,837,252) (5,643,431) - (4,203,837) 20,898,222 13,687,385 Net change in fund balances4,669,800 (4,749,529) 1,150,400 1,008,147 2,441,982 301,373 (1,418,294) (27,823,243) (24,419,364) Fund balances - Beginning of year (restated) 38,629,800 7,395,461 1,837,077 11,635,392 15,266,520 10,468,726 38,008,486 110,623,994 233,865,456 Fund balances - End of year 43,299,600$ 2,645,932$ 2,987,477$ 12,643,539$ 17,708,502$ 10,770,099$ 36,590,192$ 82,800,751$ 209,446,092$ See notes to financial statements29
City of South Bend, Indiana
Governmental Funds
Reconciliation of the Statement of Revenue, Expenditures, and Changes
in Fund Balances of Governmental Funds
December 31, 2019
Net change in fund balances - Total governmental funds (24,419,364)$
Amount reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures; however, in the statement of activities,
these costs are allocated over their estimated useful lives as depreciation:
Capital outlay 31,581,491
Depreciation expense (20,254,801)
Net book value of assets disposed and transferred (202,295)
Prepaid expenses recorded in the statement of net position do not require the use of current financial
resources, and therefore are not reported in the fund statements 14,148
Issuance of debt (from notes and loans payable, mortgage bonds payable, revenue bonds payable, and
capital leases) provide financial resources to governmental funds, but issuing debt increases longterm
liabilities in the statement of net position (8,788,457)
Premium on debt proceeds provide financial resources to governmental funds, but issuing debt
increases long-term liabilities in the statement of net position (1,462,841)
Repayment of debt principal is an expenditure in the governmental funds, but not in the statement of
activities (where it reduces long-term debt)14,124,590
Other adjustments related to debt premiums, discounts, deferred inflows, and deferred outflows 229,281
Changes in accrued interest payable and other 22,717
Changes in compensated absences reported in the statement of activities do not require the use of
current resources, and therefore are not reported in the fund statements until they come due for payment 51,388
Changes in the total OPEB liability reported in the statement of activities do not require the use of current
resources, and therefore are not reported in the fund statements until they come due for payment (592,826)
Changes in the net pension asset, net pension liabilities, and related deferred inflows and outflows
reported in the statement of activities do not require the use of current resources, and therefore
are not reported in the fund statements until they come due for payment (14,036,641)
Internal service funds are included as part of governmental activities - Net change in position (258,158)
Change in net position of governmental activities (23,991,768)$
See notes to financial statements 30
City of South Bend, Indiana
Proprietary Funds
Statement of Net Position
December 31, 2019
Governmental
Activities
Wastewater Nonmajor Proprietary
Water Utility Utility Century Center Enterprise Total Internal Service
Assets
Current assets:
Cash and cash equivalents 1,258,242$ 4,648,767$ 1,534,199$ 1,802,490$ 9,243,698$ 5,939,549$
Investments 2,946,176 10,885,094 3,007 4,220,531 18,054,808 13,823,287
Receivables:
Accounts 1,109,042 2,494,435 276,741 1,928,653 5,808,871 1,529,381
Interest 50,039 117,631 7 27,685 195,362 66,174
Allowance for doubtful accounts (50,000) (85,100) - (25,000) (160,100) -
Due from other funds 45,957 - - - 45,957 73,046
Inventory 767,993 166,478 41,272 - 975,743 910,211
Prepaid expenses 1,012 8,989 6,355 -16,356 902,815
Total current assets 6,128,461 18,236,294 1,861,581 7,954,359 34,180,695 23,244,463
Noncurrent assets:
Restricted assets 10,091,647 23,289,523 981,684 2,999,689 37,362,543 64,678
Capital assets:
Assets not subject to depreciation 1,645,426 5,028,659 713,434 1,440,114 8,827,633 -
Assets subject to depreciation 52,061,288 146,408,668 15,890,025 14,619,214 228,979,195 1,191,271
Total noncurrent assets 63,798,361 174,726,850 17,585,143 19,059,017 275,169,371 1,255,949
Total assets 69,926,822 192,963,144 19,446,724 27,013,376 309,350,066 24,500,412
Deferred outflows of resources
Unamortized loss on refunding 61,641 1,425,556 - -1,487,197 -
Liabilities
Current liabilities:
Accounts payable 580,575 1,143,304 52,142 619,331 2,395,352 1,256,613
Due to other governmental units - - - 10,824 10,824 -
Due to other funds - 5,085 4,281 3,204 12,570 1,390
Performance deposits payable - -- 7,000 7,000 -
Accrued liabilities and other:
Accrued payroll payable 164,572 242,345 19,803 89,234 515,954 173,188
Accrued interest payable 261,307 149,665 - 86,597 497,569 9,740
Taxes payable 64,727 759 13,086 - 78,572 -
Customer deposits payable 1,282,166 410,758 67,441 - 1,760,365 -
Unearned revenue - 711 - - 711 -
Other current payables - - 138,509 76,669 215,178 -
Compensated absences 208,474 270,834 38,686 98,378 616,372 252,029
Claims payable - - - - - 2,771,618
Notes and loans payable 23,099 176,557 - - 199,656 -
Mortgage bonds payable - 78,720 - 240,000 318,720 -
Capital leases 402,017 523,737 - 1,634,510 2,560,264 545,753
Revenue bonds payable 1,035,000 5,900,000 - -6,935,000 -
Total current liabilities 4,021,937 8,902,475 333,948 2,865,747 16,124,107 5,010,331
Noncurrent liabilities:
Notes and loans payable 244,589 1,571,844 - - 1,816,433 -
Mortgage bonds payable - 40,124 - 4,277,600 4,317,724 -
Capital leases 497,719 482,896 - 2,759,323 3,739,938 1,187,430
Revenue bonds payable 10,988,726 52,786,709 - -63,775,435 -
Total noncurrent liabilities 11,731,034 54,881,573 -7,036,923 73,649,530 1,187,430
Total liabilities 15,752,971 63,784,048 333,948 9,902,670 89,773,637 6,197,761
Enterprise Funds
See notes to financial statements 31
City of South Bend, Indiana
Proprietary Funds
Statement of Net Position (Continued)
December 31, 2019
Governmental
Activities
Wastewater Nonmajor Proprietary
Water Utility Utility Century Center Enterprise Total Internal Service
Deferred inflows of resources
Unamortized service agreement - - 47,917 - 47,917 -
Unamortized gain on refunding 1,020,743 - - - 1,020,743 -
Total deferred inflows of resources 1,020,743 - 47,917 - 1,068,660 -
Net position
Net investment in capital assets 39,556,598 91,566,761 16,603,459 7,562,176 155,288,994 (477,234)
Restricted:
Debt service fund 289,490 1,091,452 - - 1,380,942 -
Customer repair and deposit fund 1,291,844 414,550 - - 1,706,394 -
Cash with fiscal agent 33,720 342,186 - 414,603 790,509 -
Bond reserve fund 1,399,159 4,291,915 - - 5,691,074 -
Operating reserve fund 2,912,439 5,582,848 - - 8,495,287 -
Capital outlay fund 4,211,080 9,417,064 981,681 2,027,139 16,636,964 -
Unrestricted 3,520,419 17,897,876 1,479,719 7,106,788 30,004,802 18,779,885
Total net position 53,214,749$ 130,604,652$ 19,064,859$ 17,110,706$ 219,994,966$ 18,302,651$
Enterprise Funds
See notes to financial statements 32
City of South Bend, Indiana
Proprietary Funds
Statement of Revenue, Expenses, and Changes in Net Position
December 31, 2019
Governmental
Activities
Wastewater Nonmajor Proprietary
Water Utility Utility Century Center Enterprise Total Internal Service
Operating revenue
Metered revenue 13,915,025$ 40,041,105$ -$ -$ 53,956,130$ -$
Convention fees - - 3,092,797 - 3,092,797 -
Fire protection revenue 2,881,785 - - - 2,881,785 -
Licenses and permits - - - 2,029,442 2,029,442 -
Interest and penalty charges 83,219 568,202 - - 651,421 -
Parking fees - - 99,493 988,355 1,087,848 -
Solid waste fees - - - 5,463,922 5,463,922 -
Employee/employer contributions - - - - - 25,431,560
Charges for sales and services - - - 5,711,959 5,711,959 13,487,052
Water leak insurance revenue 1,039,109 - - - 1,039,109 -
Charges to other funds 1,734,889 396,831 66,045 - 2,197,765 -
Other 752,030 318,641 9,691 39,740 1,120,102 2,869,224
Total operating revenue 20,406,057 41,324,779 3,268,026 14,233,418 79,232,280 41,787,836
Operating expenses
Cost of water 3,342,420 - - - 3,342,420 -
Cost of sewage treatment - 16,523,567 - - 16,523,567 -
Other operation and maintenance 597,817 887,896 49,674 15,076,265 16,611,652 22,964,358
General and administration 6,949,797 5,417,142 4,305,252 1,685,325 18,357,516 917,103
Insurance claims and premiums - - - - - 17,932,116
Plumbing contractors 1,076,542 - - - 1,076,542 -
Customer service 1,453,962 - - - 1,453,962 -
Depreciation 1,971,820 7,456,684 1,064,419 1,776,991 12,269,914 124,555
Total operating expenses 15,392,358 30,285,289 5,419,345 18,538,581 69,635,573 41,938,132
Operating income (loss)5,013,699 11,039,490 (2,151,319) (4,305,163) 9,596,707 (150,296)
Nonoperating revenue (expenses)
Investment income 381,771 1,130,302 12,990 259,143 1,784,206 549,579
Hotel/motel tax revenue - - 1,275,000 - 1,275,000 -
Interest expense (808,866) (2,023,789) - (272,849) (3,105,504) (59,773)
(Loss) gain on sale of assets (66,835) (173,304) (50,328) (32,286) (322,753) 2,332
Other nonoperating revenue (expenses) 34,124 - - - 34,124 -
Total nonoperating revenues (expenses) (459,806) (1,066,791) 1,237,662 (45,992) (334,927) 492,138
Income (loss) - before contributions and transfers 4,553,893 9,972,699 (913,657) (4,351,155) 9,261,780 341,842
Capital contributions - Other capital contributions 173,745 9,602 683,912 843,503 1,710,762 -
Transfers in - 200,000 - 4,063,540 4,263,540 -
Transfers out (1,722,624) (4,738,366) (90,752) (480,649) (7,032,391) (600,000)
Changes in net position 3,005,014 5,443,935 (320,497) 75,239 8,203,691 (258,158)
Net position - Beginning of year (restated) 50,209,735 125,160,717 19,385,356 17,035,467 211,791,275 18,560,809
Net position - End of year 53,214,749$ 130,604,652$ 19,064,859$ 17,110,706$ 219,994,966$ 18,302,651$
Enterprise Funds
See notes to financial statements 33
City of South Bend, Indiana
Proprietary Funds
Statement of Cash Flows
December 31, 2019
Governmental
Activities
Proprietary
Wastewater Nonmajor Internal Service
Water Utility Utility Century Center Enterprise Total Fund
Cash flows from operating activities
Receipts from customers and users 18,435,279$ 41,069,686$ 3,170,995$ 14,212,383$ 76,888,343$ 20,207,586$
Receipts from interfund services and
reimbursements 1,718,928 407,211 66,045 - 2,192,184 20,081,917
Payments to suppliers (6,466,209) (9,949,579) (2,316,219) (5,312,855) (24,044,862) (34,986,089)
Payments to employees (4,574,485) (6,566,452) (1,827,225) (9,345,017) (22,313,179) (5,312,531)
Internal activity - payments to other funds (1,989,732) (5,750,830) (162,303) (2,159,071) (10,061,936) (743,920)
Net cash provided by (used in)
operating activities 7,123,781 19,210,036 (1,068,707) (2,604,560) 22,660,550 (753,037)
Cash flows from noncapital
financing activities
Transfers from other funds - 200,000 - 4,063,540 4,263,540 -
Hotel/motel tax - - 1,275,000 - 1,275,000 -
Transfers to other funds (1,722,624) (4,738,366) (90,752) (480,649) (7,032,391) (600,000)
Other nonoperating revenue 34,124 - --34,124 -
Net cash (used in) provided by
noncapital financing activities (1,688,500) (4,538,366) 1,184,248 3,582,891 (1,459,727) (600,000)
Cash flows from capital and related
financing activities
Proceeds from capital debt
contributions 173,745 9,602 - - 183,347 -
Proceeds from capital debt issued
for future capital purchase - - - 798,498 798,498 40,000
Proceeds from sales of capital assets 6,670 18,837 - 22,781 48,288 4,278
Purchase of capital assets (1,437,304) (6,007,864) - (1,890,499) (9,335,667) (31,846)
Principal paid on capital debt (3,050,735) (6,571,402) - (1,767,203) (11,389,340) (408,700)
Interest paid on capital debt (819,359) (1,875,178) -(283,755) (2,978,292) (53,727)
Net cash (used in) provided by
capital and related financing activities (5,126,983) (14,426,005) -(3,120,178) (22,673,166) (449,995)
Cash flows from investing activities
Interest received on investments 369,909 1,103,391 13,034 260,451 1,746,785 541,187
Proceeds from sale and maturities
of investment securities (813,873) (2,234,592) 12,516 654,695 (2,381,254) (110,965)
Net cash provided by (used in)
investing activities (443,964) (1,131,201) 25,550 915,146 (634,469) 430,222
Net (decrease) increase in cash
and cash equivalents (135,666) (885,536) 141,091 (1,226,701) (2,106,812) (1,372,810)
Cash and cash equivalents - beginning of year 4,437,630 15,751,349 2,374,792 4,217,425 26,781,196 7,377,037
Cash and cash equivalents - end of year 4,301,964$ 14,865,813$ 2,515,883$ 2,990,724$ 24,674,384$ 6,004,227$
Enterprise Funds
See notes to financial statements 34
City of South Bend, Indiana
Proprietary Funds
Statement of Cash Flows (Continued)
December 31, 2019
Governmental
Activities
Proprietary
Wastewater Nonmajor Internal Service
Water Utility Utility Century Center Enterprise Total Fund
Classification of cash and cash equivalents
Cash and investments 4,204,418$ 15,823,374$ 1,537,206$ 6,023,021$ 27,588,019$ 19,762,836$
Restricted cash and investments 10,091,647 23,000,010 981,684 2,999,689 37,073,030 64,678
Less amounts classified as investments (9,994,101) (23,957,571) (3,007) (6,031,986) (39,986,665) (13,823,287)
Total cash and cash equivalents 4,301,964$ 14,865,813$ 2,515,883$ 2,990,724$ 24,674,384$ 6,004,227$
Reconciliation of operating income (loss)
to net cash from operating activities
Operating income (loss) 5,013,699$ 11,039,490$ (2,151,319)$ (4,305,163)$ 9,596,707$ (150,296)$
Adjustments to reconcile operating income (loss)
to net cash from operating activities:
Depreciation and amortization 1,971,820 7,456,684 1,064,419 1,776,991 12,269,914 124,555
Lease proceeds used for noncapital expenses - - - - - 789,413
Changes in assets and liabilities:
Receivables (211,133) - (15,633) (53,557) (280,323) (1,425,287)
Allowance for uncollectable accounts - (65,797) - - (65,797) -
Due from other funds (15,961) 10,380 - - (5,581) (73,046)
Inventory 139,259 43,846 (6,490) - 176,615 (39,594)
Prepaid expenses and other assets 5,354 (293) 8,668 8,859 22,588 (62,985)
Accounts payable 166,898 292,082 (13,375) 278,151 723,756 282,359
Due to other governments - - - 2,236 2,236 -
Performance deposit - - - (1,250) (1,250) -
Due to other funds (10,380) 3,500 77 252 (6,551) 175
Accrued payroll payable 59,838 107,661 2,730 (107,067) 63,162 70,733
Compensated absences payable 29,143 114,948 3,441 (236,534) (89,002) 17,959
Taxes payable 11,632 759 - - 12,391 -
Customer deposits (35,986) 206,065 (15,353) - 154,726 -
Other current payables - - 54,128 32,522 86,650 -
Unearned revenue (402) 711 - - 309 -
Estimate of unfiled claims - - - - - (287,023)
Net cash provided by (used in)
operating activities 7,123,781$ 19,210,036$ (1,068,707)$ (2,604,560)$ 22,660,550$ (753,037)$
Significant noncash transactions
Capital assets disposed (at cost) (421,392)$ (1,650,982)$ (55,601)$ (609,698)$ (2,737,673)$ (125,182)$
Capital asset contribution - - 683,912 843,503 1,527,415 -
Work in progress completed transferred
to capital assets - 17,236,003 - - 17,236,003 -
Accumulated depreciation on disposals
of capital assets 347,887 1,458,841 505,685 582,030 2,894,443 123,236
Amended/refunded revenue bond principal decrease 1,020,743 - - - 1,020,743 -
Enterprise Funds
See notes to financial statements 35
City of South Bend, Indiana
Fiduciary Funds
Statement of Fiduciary Net Position
December 31, 2019
Pension Trust Custodial
Funds Funds
Assets
Cash and cash equivalents 309,636$ 1,192,799$
Investments 725,014 -
Receivables - Accounts - -
Receivables - Interest 4,909 -
Total assets 1,039,559 1,192,799$
Liabilities
Accounts payable 171 -$
Accrued liabilities and other - 335,621
Customer deposits payable - -
Police distribution payable - 857,178
Total liabilities 171 1,192,799$
Net position for pension benefits and other purposes 1,039,388$ -$
36
City of South Bend, Indiana
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
December 31, 2019
Pension Trust Custodial
Funds Funds
Additions
27,534$ -$
- 40,211
- 107,339,435
- 3,787,134
- 111,126,568
Investment income - Interest and dividends
Police asset seizures
Payroll:
Employee payroll
Collection of taxes for other governments
Total Payroll
Contributions:
On behalf 10,578,775 -
Other 1,996 -
Net contributions 10,580,771 -
Total additions 10,608,305 111,126,568
Deductions
10,805,041 -
- 111,126,568
- 40,211
28,613 -
10,833,654 111,126,568
(225,349) -
1,264,737 -
Benefit payments
Payroll distributions and payment of taxes to other governments
Police distributions
Administrative expenses
Total deductions
Net (decrease) increase in net position
Net position - Beginning of year
Net position - End of year 1,039,388$ -$
37
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies
Reporting Entity
The City of South Bend (the "City") was established under the laws of the State of Indiana and
operates under a Council-Mayor form of government. The accompanying financial statements
present the City and its component units, entities for which the City is considered to be
financially accountable. The component units discussed below are included in the primary
government's reporting entity because of the significance of their operational or financial
relationships with the primary government. Blended compon ent units, although legally
separate entities are in substance part of the government's operations and exist solely to
provide services for the government; data from these units is combined with data of the primary
government. Discretely presented component units are involved in activities of an operational
nature independent from the primary government; their transactions are reported in a separate
column in the government-wide financial statements to emphasize that it is legally separate
from the government.
Blended Component Units
The South Bend Redevelopment Authority is a significant blended component unit of the City.
Although it is legally separate from the City, the Redevelopment Authority is reported as if it were
part of the City because its sole purpose is to finance and construct land, building, and other
improvements for use by the City. Financial statements for the Redevelopment Authority are
available at the City Controller's Office, City of South Bend, 227 West Jefferson, 12th Floor
County-City Building, South Bend, Indiana 46601.
The City of South Bend Building Corporation is also a legally separate nonprofit corporation and a
significant blended component unit of the City. The Building Corporation is reported as if it were
part of the City because its main purpose is to finance construction and remodeling of City
buildings. Debt of the Building Corporation is repaid through lease payments from the City.
Financial statements for the Building Corporation are available at the City Controller's Office,
City of South Bend, 227 West Jefferson, 12th Floor County-City Building, South Bend, Indiana
46601.
Discretely Presented Component Unit
The South Bend Public Transportation Corporation (Transpo) is a discretely presented component
unit in these financial statements. Although the City does not have operational responsibility for
Transpo, and no financial benefit or burden accrues to the City due to Transpo’s operations, Transpo
is nonetheless fiscally dependent on the City, per the following relationship:
Pursuant to Indiana law, Transpo is required to submit its proposed budget and tax levy to
the Common Council of the City of South Bend for adoption. Specifically, Indiana Code § 6-
1.1-17-20 requires that Transpo, as a political subdivision governed by a majority of
unelected officials, submit its proposed budget and property tax levy to the Common Council
of the City of South Bend. Pursuant to Indiana Code § 6-1.1-17-20(e), the Common Council
of the City of South Bend is required to review Transpo’s budget and proposed tax levy and
adopt a final budget and tax levy for Transpo. The Common Council of the City of South
Bend may reduce or modify, but may not increase, the proposed budget or tax levy.
Because Transpo does not have the ability to complete the above essential events without
substantive approval from the South Bend Common Council, it is fiscally dependent upon the City of
South Bend, and the City of South Bend is financially accountable for Transpo. Transpo is therefore
a component unit of the City of South Bend.
38
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
The financial statements of Transpo, including all note disclosures, may be obtained from its
offices as follows:
South Bend Public Transportation Corporation
1401 S Lafayette Blvd
South Bend, IN 46613
Related Organizations
The City's officials are also responsible for appointing the members of the boards of other
organizations, but the City's accountability for these organizations does not extend beyond
making the appointments. The mayor and the Common Council appoint the board members of
the South Bend Housing Authority, Urban Enterprise Association, St. Joseph County Housing
Consortium, and the Saint Joseph County Board of Managers for Hotel-Motel Tax.
Accounting and Reporting Principles
The City follows accounting principles generally accepted in the United States of America
(GAAP) as applicable to governmental units. Accounting and financial reporting pronouncements
are promulgated by the Governmental Accounting Standards Board. The following is a summary
of the significant accounting policies used by the City.
Report Presentation
Governmental accounting principles require that financial reports include two different
perspectives - the government-wide perspective and the fund-based perspective. The government-
wide financial statements (i.e., the statement of net position and the statement of activities)
report information on all of the nonfiduciary activities of the primary government and its
component units. The government-wide financial statements are presented on the economic
resources measurement focus and the full accrual basis of accounting. Property taxes are
recognized as revenue in the year for which they are levied. Grants and similar items are
recognized as revenue as soon as all eligibility requirements imposed by the provider have been
met. The statements also present a schedule reconciling these amounts to the modified accrual
based presentation found in the fund-based statements. The primary government is reported
separately from a discretely presented component unit for which the primary government is
financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given
function or segment are offset by program revenue. Direct expenses are those that are clearly
identifiable with a specific function or segment. Program revenue includes: (1) charges to
customers or applicants for goods, services, or privileges provided; (2) operating grants and
contributions; and (3) capital grants and contributions, including special assessments. Taxes
and other items not properly included among program revenue are reported instead as general
revenue.
For the most part, the effect of interfund activity has been removed from these statements.
Exceptions to this general rule are charges between the City's water and sewer function a nd
various other functions of the City. Eliminations of these charges would distort the direct costs and
program revenue reported for the various functions concerned.
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary
funds even though the latter are excluded from the government-wide financial statements. Major
individual governmental funds and major individual enterprise funds are reported as separate
39
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
columns in the fund financial statements.
Fund Accounting
The City accounts for its various activities in several different funds in order to demonstrate
accountability for how we have spent certain resources; separate funds allow us to show the
particular expenditures for which specific revenue was used. The various funds are aggregated
into three broad fund types:
Governmental Funds
Governmental funds include all activities that provide general governmental services that
are not business-type activities. This includes the General Fund, special revenue funds, debt
service funds, and capital project funds. The City reports the following funds as “major”
governmental funds:
• The General Fund is the primary operating fund because it accounts for all financial resources
used to provide government services other than those specifically assigned to another fund.
• The Parks and Recreation Fund is used to account for the operation of the City park system.
Financing is provided by a specific annual property tax levy to the extent that user fees
and miscellaneous revenues are insufficient to provide such financing.
• The Public Safety Local Option Income Tax (LOIT) Fund is used to account for the City's
share of the public safety portion of the local income tax. Expenditures are restricted to public
safety.
• The County Option Income Tax (COIT) Fund is used to account for the City's share of the
Certified Shares portion of the local income tax. Expenditures include any lawful purpose of
the City.
• The Economic Development Income Tax (EDIT) Fund is to account for the City's share of
the economic development portion of the local income tax . Expenditures include any lawful
purpose of the City.
• The Rainy Day fund is for unused and unencumbered funds that are transferred from a fund
that has a tax levy. Revenues in this fund also include special distributions of local income
tax.
• The River West TIF (Tax Incremental Financing) Fund is used to account for public
improvement projects in the river west economic development area. Financing is provided
by property tax proceeds in excess of those attributable to the assessed value of property in
the district before redevelopment.
Proprietary Funds
Proprietary funds include enterprise funds (which provide goods or services to users in
exchange for charges or fees) and internal service funds (which provide goods or services to
other funds of the City). The City reports the following funds as “major” enterprise funds:
• The Water Utility Fund accounts for the operation of the City's water distribution system.
• The Wastewater Utility Fund accounts for the operation of the City's wastewater treatment
plant, pumping stations, and collection systems.
• The Century Center Fund accounts for the operation and maintenance of the City's convention
center. Financing is received from various user fees for conventions, meetings, and other
40
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
events held at the civic center and a subsidy from the St. Joseph County's Special Funds Board
of Managers.
The City’s internal service funds are used to account for various City liability coverage, employee
medical coverage, police officers' take home vehicle, innovation & technology/311 call center,
unemployment claims, parental leave program, and central services such as fuel, vehicle
repairs, and various supplies provided to other departments on a cost-reimbursement basis.
The activities are accounted for on a full accrual basis, so that the full costs are recognized and
allocated to the various funds in the year that the costs are incurred.
Fiduciary Funds
Fiduciary funds include amounts held in a fiduciary capacity for others. These amounts will not be
used to operate our government's programs. Activities that are reported as fiduciary include the
following:
• The pension trust funds account for the activities of the 1925 Police and 1937 Fire Pension
Funds which accumulate resources for pension benefit payments.
• The custodial funds account for assets held by the City as an agent for employee payroll,
pension, and payroll deductions and collected by the South Bend Police Department from asset
seizures.
Interfund Activity
During the course of operations, the City has activity between funds for various purposes. Any
residual balances outstanding at year end are reported as due from/to other funds and advances
to/from other funds. While these balances are reported in fund financial statements, certain
eliminations are made in the preparation of the government-wide financial statements. Balances
between the funds included in governmental activities (i.e., the governmental and internal service
funds) are eliminated so that only the net amount is included as internal balances in the
governmental activities column. Similarly, balances between the funds included in business -type
activities (i.e., the enterprise funds) are eliminated so that only the net amount is included as
internal balances in the business-type activities column.
Furthermore, certain activity occurs during the year involving transfers of resources between
funds. In fund financial statements, these amounts are reported at gross amounts as transfers
in/out. While reported in fund financial statements, certain eliminations are made in the preparation
of the governmentwide financial statements. Transfers between the funds included in governmental
activities are eliminated so that only the net amount is included as transfers in the governmental
activities column. Similarly, balances between the funds included in business-type activities are
eliminated so that only the net amount is included as transfers in the business-type activities
column.
Basis of Accounting
The governmental funds use the current financial resources measurement focus and the modified
accrual basis of accounting. This basis of accounting is intended to better demonstrate
accountability for how the government has spent its resources.
Expenditures are reported when the goods are received or the services are rendered. Capital
outlays are reported as expenditures (rather than as capital assets) because they reduce the
ability to spend resources in the future; conversely, employee benefit costs that wil l be funded
in the future (such as pension and retiree healthcare related costs, or sick and vacation pay)
are not counted until they come due for payment. In addition, debt service expenditures, claims,
and judgments are recorded only when payment is due.
41
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
Revenue is not recognized until it is collected, or collected soon enough after the end of the year
that they are available to pay for obligations outstanding at the end of the year. For this purpose,
the City considers amounts collected within 60 days of year end to be available for recognition.
The following major revenue sources meet the availability criterion: property taxes, franchise
taxes, licenses, and interest associated with the current fiscal period.
Proprietary funds and fiduciary funds use the economic resources measurement focus and the full
accrual basis of accounting. Revenue is recorded when earned and expenses are recorded
when a liability is incurred regardless of the timing of related cash flows.
Specific Balances and Transactions
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, demand deposits, and short -term investments
with a maturity of three months or less when acquired.
Investments
State statute (IC 5-13-9) authorizes the City to invest in securities, including but not limited to,
federal government securities, repurchase agreements, and certain money market mutual
funds. Certain other statutory restrictions apply to all investments made by local governmental
units.
Nonparticipating certificates of deposit, demand deposits, and similar nonparticipating
negotiable instruments that are not reported as cash and cash equivalents are reported as
investments at cost. A “nonparticipating” instrument is one that does not recognize market
fluctuations in its valuation.
Debt securities are reported at fair value. Debt securities are defined as securities backed by the
full faith and credit of the United States Treasury or fully insured or guaranteed by the United States
or any United States government agency.
Open-end mutual funds are reported at fair value.
Money market investments are reported fair value
Investment income, including changes in the fair value of investments, is reported as revenue
in the operating statement.
Inventories and Prepaid Items
Inventories are valued at cost, on a first-in, first-out basis. Inventories of governmental funds are
recorded as expenditures when consumed rather than when purchased. Certain payments to
vendors reflect costs applicable to future fiscal years and are recorded as prepaid items in both
government-wide and fund financial statements.
Restricted Assets
Certain proceeds of the enterprise fund revenue bonds, as well as certain resources set aside for
their repayment, are classified as restricted assets on the statement of net position because their
use is limited by applicable bond covenants. Restricted assets also include customer deposits,
operating reserves, capital outlay accounts, and debt service reserve funds.
Capital Assets
Capital assets, which include property, plant, equipment, intangible assets, and infrastructure
42
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable
governmental or business type activities column in the government-wide financial statements.
Capital assets are recorded at historical cost or estimated historical cost if purchased or
constructed. Donated capital assets are recorded at estimated acquisition value at the date of
donation.
The City has implemented retroactive reporting of its infrastructure as of December 31, 2006.
For depreciated assets, the cost of normal maintenance and repairs that do not add to the value
of the asset or materially extend asset lives are not capitalized.
All land purchases are capitalized regardless of acquisition price. Land is never depreciated.
Major outlays for capital assets and improvements are capitalized when projects have completed
the construction phase. The City has implemented the requirements in GASB Statement No. 89,
and no interest was capitalized during the construction of capital assets of business-type activities.
Infrastructure, intangibles, buildings, equipment, roads, and vehicles are depreciated using the
straight line method over the following useful lives:
Capital Asset Class
Capitalization
Threshold
Useful Lives
(in years)
Buildings and improvements $ 100,000 20 - 30
Large office equipment 10,000 5 - 10
Vehicles and other equipment 10,000 5 - 20
Roads – collectors and residential 250,000 40 - 50
Utilities infrastructure (large) 250,000 30 - 99
Long-term Obligations
In the government-wide financial statements and the proprietary fund types in the fund
financial statements, long-term debt and other long-term obligations are reported as liabilities in
the applicable governmental activities, business-type activities, or proprietary fund-type statement
of net position. Bond premiums and discounts are deferred and amo rtized over the life of the bonds
using the effective interest method. Bonds payable are reported net of the applicable bond
premium or discount. Bond issuance costs are expensed at the time they are incurred. In the
fund financial statements, governmental fund types recognize bond issuances as an “other
financing source,” as well as bond premiums and discounts. Net position restricted for debt service
and for capital outlay shown in the business -type activities and in the enterprise funds are
restricted pursuant to state statute and/or local ordinance.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate
section for deferred outflows of resources. This se parate financial statement element represents
a consumption of net position that applies to a future period(s) and will not be recognized as
an outflow of resources (expense/expenditure) until then.
The City has three items that qualify for reporting in t his category. The deferred charge on
refunding, deferred charges on pensions, and deferred charges on other postemployment
benefits(OPEB) that are reported in the governmental activities statement of net position. A
deferred charge on refunding results from the difference in the carrying value of refunded debt
and its reacquisition price. This amount is deferred and amortized over the shorter of the life of
43
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
the refunded or refunding debt. Deferred outflows of resources are recorded with respect
to pensions per GASB Statement No. 68 and OPEB per GASB Statement No. 75.
In addition to liabilities, the statement of financial position will sometimes report a separate
section for deferred inflows of resources. This separate financial statement element represents
an acquisition of net position that applies to a future period(s) and will not be recognized as an
inflow of resources (revenue) until that time.
The City has four items that qualify for reporting in this category: an unamortized amount relate d
to a service agreement, an unamortized gain related to a sale/leaseback transaction, deferred
inflows related to pensions per GASB Statement No. 68 and deferred inflows related to OPEB per
GASB Statement No. 75.
Net Position Flow Assumption
The City will sometimes fund outlays for a particular purpose from both restricted (e.g., restricted
bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report
as restricted net position and unrestricted net position in the government-wide and proprietary
fund financial statements, a flow assumption must be made about the order in which the resources
are considered to be applied. It is the City’s policy to consider restricted net position to have been
depleted before unrestricted net position is applied.
Fund Balance Flow Assumptions
The City will sometimes fund outlays for a particular purpose from both restricted and
unrestricted resources (the total of committed, assigned, and unassigned fund balance). In
order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund
balance in the governmental fund financial statements, a flow assumption must be made about
the order in which the resources are considered to be applied. It is the gover nment’s policy to
consider restricted fund balance to have been depleted before using any of the components of
unrestricted fund balance. Furthermore, when the components of unrestricted fund balance can
be used for the same purpose, committed fund balance is depleted first followed by assigned fund
balance. Unassigned fund balance is applied last.
Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature
of any limitations requiring the use of resources for specific purposes. The government itself
can establish limitations on the use of resources through either a commitment (committed
fund balance) or an assignment (assigned fund balance).
Nonspendable fund balances include items that cannot be spent. This includes activity that is
not in a spendable form (inventory, long-term portions of loans, property held for resale) and
activity that is legally or contractually required to remain intact, such as principal balances in a
permanent fund.
Restricted fund balances have constraints placed upon the use of the resources either by an
external party such as a grantor or creditor or imposed by law through constitutional
provisions or enabling legislation.
Committed fund balances can be used only for specific purposes pursuant to constraints
imposed by a formal action by the South Bend Common Council, for all non-TIF Funds, or
by the South Bend Redevelopment Commission for TIF Funds. This formal action is the
passage of an ordinance by the Council or resolution by the Commission specifying the
purposes for which the funds can be used. The same type of formal action is necessary to remove
or change the specified use. The South Bend Common Council is the highest level of decision-
44
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
making authority for the non-TIF Funds. The South Bend Redevelopment Commission is the
highest level of decision-making authority for the TIF Funds.
Assigned fund balances include amounts that are constrained by the City's intent to be used for a
specific purpose, but are neither restricted nor committed. For the governmental fund types other
than the General Fund, this is the residual amount within the fund that is not restricted or
committed. Currently, state statute does not require the City’s Common Council to undertake any
resolution regarding the assignment of fund balances. Assignments of fund balance are
imposed by informal action of the City Controller. Formal action by a governing body is not
required to assign fund balances
The unassigned fund balance is the residual amount of the General Fund not included in the
four categories above. Only the General Fund may report a positive unassigned fund balance
whereas other governmental funds may need to report a negative unassigned fu nd balance if
expenditures incurred for specific purposes exceeded the amounts restricted, committed, or
assigned to those purposes.
The fund balance policy proscribes the minimum fund balance as noted below. This is deemed to
be the prudent amount to maintain the City's ability to meet obligations as they come due
throughout the year.
• General: 35 percent of annual expenditures
• COIT: 25 percent of annual expenditures
• EDIT: 25 percent of annual expenditures
• Water operating: 5 percent of annual expenditures
• Wastewater operating: 5 percent of annual expenditures
• Other: generally 25 percent of annual expenditures
The detail of the fund balance classifications of the governmental funds for the year ended
December 31, 2019 can be found in Note 16.
Property Tax Revenue
Property taxes levied are collected by the County Treasurer and are usually distributed to the City
in June and in December. State statute (IC § 6-1.1-17-16) requires the Indiana Department of
Local Government Finance to establish property tax rates and levies by February 15. These rates
are based on the taxable valuation of property as of the preceding January 1. Taxable property
is assessed at 100 percent of the true tax value (determined in accordance with rules and
regulations adopted by the Indiana Department of Local Government Finance). Taxes may be
paid in two equal installments that become delinquent if not paid by May 10 and November 10,
respectively, at which time penalties and interest are assessed.
Pension
The City offers a defined benefit pension plan to its employees. The City records a net pension
liability for the difference between the total pension liability calculated by the actuary and the
pension plan’s fiduciary net position. For the purpose of measuring the net pension liability,
deferred outflows of resources and deferred inflows of resources related to pensions, and
pension expense, information about the fiduciary net position of the Plans and additions
to/deductions from the pension plans' fiduciary net position have been determin ed on the same
basis as they are reported by the pension plans. For this purpose, benefit payments (including
refunds of employee contributions) are recognized when due and payable in accordance
45
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
with the benefit terms. Investments are reported at fair value.
Other Postemployment Benefit Costs
The City offers retiree healthcare benefits to retirees. For purposes of measuring the total OPEB
liability in the government-wide financial statements, deferred outflows of resources and deferred
inflows of resources related to OPEB, OPEB expense, and information about the fiduciary net
position of the City of South Bend Retiree Healthcare Plan (SBRHP) have been determined on the
same basis as they are reported by SBRHP.
Compensated Absences (Vacation and Sick Leave)
• Sick Leave - City employees earn sick leave at the rate of four to eight days per year, depending
upon employee classification and length of service. Police officers, teamsters, 40 hour-per-
week firefighters, and all other employees earn eight sick days per year, regardless of tenure
of service. Firefighters working 24-hour workdays with tenure greater than five years earn five
days of sick leave per year, and firefighters working 24-hour workdays with tenure less than five
years, earn four days of sick leave per year. Sick leave may accumulate to a maximum 90 days
for police officers, 100 days for 40-hour-per-week firefighters, 38 days for 24-per-day
firefighter, 75 days for teamsters, and 65 days for all other employees. Accumulated sick
leave is paid to firefighters and police officers upon termination of employment depending
upon the number of sick leave hours transacted, at a rate of 50 percent to 100 percent of the
base hourly rate of pay for firefighters and at a rate of one -half the first class patrolman rank
rate of pay for police officers. Accumulated sick leave is paid to teamster employees, upon
retirement, at a rate of $40 for each accumulated sick leave day transacted. Sick leave buy -
back during employment is paid to firefighters and police officers annually upon request.
Upon request, firefighters are paid unused sick days earned in the previous year in excess
of 252 hours in the sick day bank at the base hourly rate of pay. Upon request, police officers
are paid up to a maximum eight unused sick days at the first class patrolman rate of pay.
• Vacation Leave - Primary government employees earn vacation leave at rates from zero
days to 28 days based upon hire date, years of service, and employee classification.
Vacation leave does not accumulate from year to year for police officers, firefighters, and
teamster employees, except in instances where special cases are approved. Nonbargaining
employees carry over to the following year unused vacation time up to a maximum of 160
hours. Employees earn vacation leave during the year for use in the succeeding year. Unused
vacation leave is paid to employees upon termination of employment. Firefighters may sell
back vacation leave, up to a maximum three days per year, during selected times of the year,
at the employee’s normal hourly rate of pay.
• Personal Leave - City police officers earn personal leave at the rate of seven days per year,
and have the opportunity to earn an additional three days leave with participation in regularly
scheduled police practice shooting exercises. Police officers personal leave does not
accumulate from year to year. Police officers unused personal leave may be rolled into sick
leave. City employees under the teamster contract can use up to four days of their sick leav e
for personal leave. Personal leave of absence may be available for certain personal, family,
and medical reasons when other forms of leave have been exhausted or otherwise not
available. Leaves of absences are unpaid although employees may use accrued vacation,
sick, and comp time. A leave of absence may not exceed 30 calendar days, however an
employee facing exceptional circumstances may seek an additional 30 calendar day leave
of absence subject to approval by the department and HR department. Employees who are
enrolled in the City's insurance plans will be covered during the initial leave of absence, but
benefit time, such as vacation and sick time, will not accrue during this period. While every
effort will be made to retain employment opportunities for an individual during this time, there
46
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 1 – Significant Accounting Policies (Continued)
is no guarantee of employment at the completion of personal leave of absence.
• Compensatory Leave - City firefighters can elect to receive compensation for overtime hours
worked either through wage payment or compens atory time off work up to a maximum of 240
hours. All other nonexempt employees working overtime hours earn compensatory time off up
to a maximum balance of 32 hours, after which they are paid overtime wage. All other exempt
employees working overtime hours earn compensatory time up to a maximum balance of 160
hours.
Unused vacation leave for all City employees, and unused sick leave and compensatory
leave of firefighters, police officers, and teamsters, is accrued when incurred and reported as
a liability in the statement of net position. Amounts due and payable at year end are included
in the proprietary fund statements. A liability for these amounts is reported in governmental funds
only for employee terminations as of year-end.
Proprietary Funds Operating Classification
Proprietary funds distinguish operating revenue and expenses from nonoperating items.
Operating revenue and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal
operating revenue of the Water and Wastewater Utility Funds, Century Center fund, and internal
service funds are charges to customers for sales and services. Operating expenses for
enterprise funds and internal service funds include the cost of sales and services, administrative
expenses, and depreciation on capital assets. All revenue and expenses not meeting this definition
are reported as nonoperating revenue and expenses.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements and the reported amounts of revenue
and expenses during the period. Actual results could differ from those estimates.
Upcoming Accounting Pronouncements
The following pronouncements issued by the GASB will be effective for the City’s financial
statements for the year ending December 31, 2020. The City is currently evaluating the impact
these standards will have on the financial statements when adopted.
• GASB Statement No. 87: Leases
o This statement requires the recognition of certain lease assets and liabilities for
leases that were previously classified as operating leases and recognized as inflows
or outflows of resources.
47
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 2 – Stewardship, Compliance, and Accountability
Budgetary Information
Annual budgets are adopted on the cash basis which is not consistent with accounting principles
generally accepted in the United States of America. All annual appropriations lapse at fiscal
year end. Annual budgets are adopted for the following governmental funds:
Major governmental funds:
• General Fund
• Special Revenue Funds - Park and Recreation, Public Safety Local Option Income Tax (LOIT),
County Option Income Tax (COIT), Economic Development Income Tax (EDIT), Rainy Day
• Capital Projects Fund - River West TIF
Nonmajor governmental funds:
• Special Revenue Funds - Motor Vehicle Highway, Studebaker Oliver Revitalization Grants,
Economic Development State Grants, DCI Operating, DCI Federal Grants, Police State
Seizure, Gift Donation Bequest, Police Curfew Violation, Unsafe Building, Law Enforcement
Continuing Education, Rental Units Regulation, Loss Recovery, Code Enforcement, Local
Road and Street, LOIT 2016 Special Distribution, Human Rights Federal Grants, Local Road
and Bridge Grant, MVH Restricted, Morris and Palais Marketing, Morris PAC Self Promoted
Events, Police Block Grants, Hazmat, Indiana River Rescue, Regional Police Academy,
COPS MORE Grant, Federal Drug Enforcement, Urban Development Action Grant, Leaf
Collection and Removal, Police K-9 Unit, Morris/Palais Box Office, City Cemetery, Bowman
Cemetery, Industrial Revolving Fund.
• Debt Service Funds - 2017 Park Bond Debt Service, College Football Hall of Fame Debt
Service, Redevelopment Bond Airport Taxable, Coveleski Bond Debt Service Reserve,
Redevelopment Bond Palais Royale, Fire Station #9 Debt Service, 2018 TIF Park Bond Debt
Service Reserve, Century Center Energy Conservation Debt Service, Redevelopment
Authority Debt Service, South Bend Building Corporation Debt Service, 2015 Smart Streets
Bond Debt Service, 2015 Park Bond Debt Service, 2017 Eddy St. Commons Bond Debt
Service
• Capital Projects Funds – 2019 South Shore Double Tracking Bond Capital, Professional
Sports Development, Coveleski Stadium Capital, Cumulative Capital Development,
Cumulative Capital Improvement, Major Moves, Morris Performing Arts Center Capital,
Redevelopment Retail Area (Leighton Plaza), Redevelopment General, TIF - West
48
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 2 – Stewardship, Compliance, and Accountability (Continued)
Washington, TIF - River East Development, TIF - Southside Development Area No. 1, TIF -
Douglas Road, TIF - River East Residential, Certified Technology Park, Palais Royale Historic
Preservation, Airport Urban Enterprise Zone, 2018 Fire Station #9 Bond Capital, 2018 TIF
Park Bond Capital, 2018 Zoo Bond Capital, 2017 Park Bond Capital, Equipment Vehicle
Leasing, 2015 Park Bond Capital, 2015 Smart Streets Bond Capital, 2017 Eddy St. Commons
Bond Capital
On or before August 31, the City Controller submits to the Common Council a proposed operating
budget for the year commencing the following January 1. Prior to adoption, the budget is
advertised and public hearings are conducted by the Common Council to obtain taxpayer
comments. Prior to November 1 of each year, the Common Council, through the passage of an
ordinance, approves the budget for the next year. Copies of the budget ordinance and the
advertisement for funds for which property taxes are levied or highway use taxes are received are
sent to the Indiana Department of Local Government Finance. The budget becomes legally
enacted after the City Controller receives approval of the Indiana Department of Local Government
Finance.
The City's management cannot transfer budgeted appropriations between object clas sifications,
namely, Personnel, Supplies, Services, or Capital of a fund budget without approval of the
Common Council. The Department of Local Government Finance must approve any revisions to
the appropriations for any fund or any department of the Genera l Fund. The legal level of
budgetary control is by object and department within the fund for the General Fund and by object
within the fund for all other budgeted funds.
Expenditures did not exceed appropriations for any funds or any departments within the General
fund, the Parks and Recreation Fund, the Public Safety LOIT Fund, the COIT Fund, the EDIT
Fund, the Rainy Day Fund, or any other major or nonmajor governmental fund which required
legally approved budgets except for the Redevelopment Authority Debt Service Fund and the
Equipment Vehicle Leasing Fund. In 2019, these two funds had small expenditure variances
that resulted in slightly higher-than-expected expenditures.
Fund Deficits
At December 31, 2019, the following funds reported deficits in fund equity, which are violations of
State statute: Code Enforcement ($57,852).
The Code Enforcement fund was created for the first payroll in 2020, which began during the
month of December 2019. The negative fund balance represents accrued payroll for the month of
December, which was not paid until January 2020. This deficit will be repaid from future revenue
during 2020.
Note 3 – Deposits and Investments
Authorization for investment activity is stated in Indiana Code 5 -13. Indiana Code 5-13-9 has
authorized investment in securities backed by the full faith and credit of the United States
Treasury or fully guaranteed by the United States of America and issued by the United States
Treasury, a federal agency, a federal instrumentality, or a federal government-sponsored
enterprise. These investments are required by statute to have a stated final maturity of not more
than five years.
49
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 3 – Deposits and Investments (Continued)
Indiana Code also provides for investment in money market mutual funds that are in the form of
securities of, or interest in, an open-end, no-load, management-type investment company or
investment trust registered under the provision of the federal Investment Company Act of 1940,
as amended. Investments in money market mutual funds may not exceed 50 percent of the funds
held by the City and available for investment. The portfolio of an investment company or
investment trust used must be limited to direct obligations of the United States of America,
obligations issued by the federal agency, a federal instrumentality, or a federal
government-sponsored enterprise; or repurchase agreements fully collateralized by direct
obligations of the United States of America or obligations issued by a federal agency, a federal
instrumentality, or a federal government-sponsored enterprise. The form of securities of, or interest
in, an investment company or investment trust must be rated as AAA, or its equivalent by
Standard & Poor's Corporation or its successor or Aaa, or its equivalent, by Moody's Investors
Service, Inc., or its successor. The form of securities in an investment company or investment
trust should have a stated final maturity of one day.
Additionally, the City may enter into repurchase agreements with depositories designated by the
State Board of Finance as depositories for state deposits involving the unit's purchase and
guaranteed resale of any interest-bearing obligations issued or fully insured or guaranteed by the
United States of America, a United States of America government agency, an instrumentality of
the United States of America, or a federal government-sponsored enterprise. The repurchase
agreement must be fully collateralized by interest-bearing obligations as determined by their
current market value.
The City's cash and inves tments are subject to several types of risk, which are examined in more
detail below:
Custodial Credit Risk of Bank Deposits
Custodial credit risk is the risk that in the event of a bank failure, the City's deposits may not be
returned to it. Indiana Code § 5-13-8-1 allows a political subdivision of the State of Indiana to
deposit public funds in a financial institution only if that institution is a depository eligible to receive
state funds and has a principal office or branch that qualifies to receive public funds of the political
subdivision. At year end, the bank balances held at the following institutions were collateralized
with securities held by the pledging financial institution's trust department or agent in the depositor-
City's name:
Bank Name Amount Held
US Bank NA $ 10,334,140
1st Source Bank 7,099,590
Bank of New York Mellon 4,325,499
Centier Bank 2,078,333
Wells Fargo Bank, NA 641,890
Key Bank 62,110
The remaining bank balances were insured by the Federal Deposit Insurance Corporation or the
Public Deposit Insurance Fund, which covers all public funds held in approved depositories. The
City has not formally adopted a deposit policy for custodial credit risk.
Custodial Credit Risk of Investments
Custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not
be able to recover the value of its investments or collateral securities that are in the possession
of an outside party. The City does not have a policy for custodial credit risk. At year end,
50
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 3 – Deposits and Investments (Continued)
$68,808,863 in investment securities was uninsured and unregistered, with securities held by
the counterparty or by its trust department or agent but not in the City's name.
Interest Rate Risk
Interest rate risk is the risk that the value of investments will decrease as a result of a rise in interest
rates. The City must follow state statute and limit the stated final maturities of the investments to
no more than five years. The City does not have a formal investment policy for interest rate risk.
At year end, the City had the following investments and maturities:
Maturity
Investment Type Fair Value Less than
One Year One to Two
Years More than
Two Years
U.S. Treasuries $ 11,119,338 $ 5,028,190 $ 5,066,791 $ 1,024,357
U.S. Government
Agency Securities
57,689,525 15,069,001 40,602,816 20,017,708
Total $ 68,808,863 $ 20,097,191 $ 45,669,607 $ 3,042,065
Credit Risk
Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its
obligations. U.S. government agency securities are implicitly guaranteed by the full faith and credit
of the U.S. government and are recognized as one of the safest investments available. The
City does not have a formal investment policy for credit risk.
Concentration of Credit Risk
Concentration of credit risk is the risk of loss attributed to the magnitude of a government's
investment in a single issuer. It is the City's practice to limit concentration of investments to no
more than 10 percent of any institution's asset base. The government of the United States of
America and United States of America governmental agency securities are exempt from this
policy requirement.
Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy es tablished by
generally accepted accounting principles. The hierarchy is based on the valuation inputs used to
measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical
assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant
unobservable inputs. Investments that are measured at fair value using the net asset value per
share (or its equivalent) as a practical expedient are not classified in the fair value hierarchy
below.
In instances whereby inputs used to measure fair value fall into different levels in the above fair
value hierarchy, fair value measurements in their entirety are categorized based on the lowest level
input that is significant to the valuation. The City’s assessment of the significance of particular
inputs to these fair value measurements requires judgment and considers factors specific to each
asset or liability.
The City has the following recurring fair value measurements as of December 31, 2019:
The fair value of U.S. Treasuries and U.S. Government Agency securities of $68,808,863 are
valued using significant other observable inputs (Level 2 inputs).
51
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 4 – Receivables
The following receivable accounts have timing and credit characteristics different from typical
accounts receivable. As of December 31, 2019 City funds recognized the following loan
receivable balances. The schedule shows the total receivable and the porti on that is not due within
one year. These loans were for economic development projects:
Receivable Noncurrent
TIF River West $ 675,000 $ 655,000
Nonmajor governmental funds:
Economic development state grants 122,321 55,243
Community investment grants 202,563 157,999
Urban development action grant 422,297 338,192
Industrial revolving fund 5,004,351 3,903,394
Total nonmajor governmental funds $ 5,751,532 $ 4,454,828
Note 5 – Net Investment in Capital Assets
The net investment in capital assets is calculated as follows:
Governmental
Activities
Business-type
Activities Total
Capital assets not subject to depreciation $ 41,091,643 $ 8,827,633 $ 49,919,276
Capital assets subject to depreciation - Net 236,015,908 228,979,195 464,995,103
Deferred outflows (capital related) 1,880,927 1,487,197 3,368,124
Notes and loans payable - current (355,246) (199,656) (554,902)
General obligations bonds payable-current (980,000) - (980,000)
Mortgage bonds payable - current (1,931,280) (318,720) (2,250,000)
Capital leases payable - current (3,816,805) (2,560,264) (6,377,069)
Revenue bonds payable - current (7,231,441) (6,935,000) (14,166,441)
Notes and loans payable - noncurrent (3,405,904) (1,816,433) (5,222,337)
General obligations bonds payable-noncurrent (16,815,347) - (16,815,347)
Mortgage bonds payable - noncurrent (4,382,916) (4,317,724) (8,700,640)
Capital leases payable - noncurrent (6,605,533) (3,739,938) (10,345,471)
Revenue bonds payable - noncurrent (115,161,889) (63,775,435) (178,937,324)
Deferred inflows (capital related) - (1,020,743) (1,020,743)
Unspent debt proceeds 5,038,676 678,882 5,717,558
Net investment in capital assets $123,340,793 $155,288,994 $278,629,787
The business-type activities' unspent debt proceeds are capital lease proceeds, reported as cash with
fiscal agent
52
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 6 – Capital Assets
Capital asset activity of the City's governmental and business-type activities was as follows:
Governmental Activities
Governmental Activities
Balance
January 1,
2019 Additions Disposals
Balance
December
31, 2019
Capital assets, non-depreciable
Land $ 14,496,141 $ - $ - $ 14,496,141
Construction in progress 18,009,789 29,546,609 (20,960,896) 26,595,503
Total capital assets, non-depreciable 32,505,930 29,546,609 (20,960,896) 41,091,643
Capital assets, depreciable
Buildings 120,384,084 9,713,735 (945,811) 129,152,007
Improvements other than buildings 21,052,069 415,903 (13,240) 21,454,732
Machinery and equipment 48,608,151 2,919,161 (3,283,608) 48,243,704
Roads and other infrastructure 468,753,380 10,035,582 - 478,788,961
Subtotal 658,797,683 23,084,380 (4,242,659) 677,639,404
Less accumulated depreciation for:
Buildings 52,451,586 3,488,883 (935,075) 55,005,394
Improvements other than buildings 10,967,455 726,584 (13,240) 11,680,799
Machinery and equipment 33,842,343 3,428,389 (3,033,346) 34,237,386
Roads and other infrastructure 327,964,417 12,735,501 - 340,699,917
Subtotal 425,225,801 20,379,357 (3,981,661) 441,623,496
Net capital assets, depreciable 233,571,882 2,648,898 (204,872) 236,015,908
Total governmental activities
capital assets, net
$266,077,812 $32,195,507
$(21,165,768)
$277,107,551
53
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 6 – Capital Assets (Continued)
Business-type Activities
Business-type Activities
Balance
January 1,
2019 Additions Disposals
Balance
December
31, 2019
Capital assets, non-depreciable
Land $ 2,614,013 $ - $ (27,400) $ 2,586,613
Construction in progress 17,841,033 5,635,990 (17,236,003) 6,241,020
Total capital assets, non-depreciable 20,455,046 5,635,990 (17,263,403) 8,827,633
Capital assets, depreciable
Buildings 83,425,676 2,457,663 (511,781) 85,371,558
Improvements other than buildings 26,873,450 104,244 (56,865) 26,920,828
Machinery and equipment 43,574,154 3,607,990 (2,404,186) 44,777,958
Roads and other infrastructure 216,476,719 17,438,959 (592,076) 233,323,602
Subtotal 370,349,999 23,608,856 (3,564,908) 390,393,947
Less accumulated depreciation for:
Buildings 38,629,055 2,116,625 (420,015) 40,325,666
Improvements other than buildings 8,608,656 1,240,095 (47,513) 9,801,239
Machinery and equipment 25,771,251 3,464,609 (2,290,127) 26,945,733
Roads and other infrastructure 79,317,194 5,488,530 (463,610) 84,342,115
Subtotal 152,326,157 12,309,860 (3,221,264) 161,414,752
Net capital assets, depreciable 218,023,842 11,298,997 (343,643) 228,979,195
Total business-type activities
capital assets, net
$238,478,888 $ 16,934,987 $(17,607,047)
$237,806,828
Accumulated depreciation additions shown in the two schedules above include depreciation
expense and also include accumulated depreciation on assets transferred from other funds.
Depreciation expense was charged to programs of the primary government as follows:
Governmental Activities:
General government $ 34,438
Public safety 2,725,077
Highways and streets, and other general infrastructure 14,028,110
Culture and recreation 2,927,230
Economic development 539,945
Internal service funds 124,556
Total governmental activities depreciation expense $ 20,379,357
Business-type Activities:
Emergency medical service $ 484,641
Water 1,971,820
Wastewater 7,456,684
Century Center 1,064,419
54
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 6 – Capital Assets (Continued)
Building department & code enforcement 209,188
Parking garage 261,297
Solid waste 821,865
Total business-type activities depreciation expense $ 12,269,913
Prior year accumulated depreciation for transfer into
business-type activities
39,947
Total additions to accumulated depreciation per capital asset
depreciation schedules
$ 12,309,860
Construction Commitments
The City has active construction projects at year end. As of December 31, 2019, the City's
commitments with contractors are as follows:
Project Spent to Date
Remaining
Commitment
Governmental activities:
Howard Park/Riverfront Trail Improvements $ 17,568,687 $ 1,264,972
Historic Leeper Park Improvements 1,240,836 131,978
Pulaski Park Improvements 502,656 376,030
Fire Station #9 3,589,660 92,043
Fire Station 11 Parking Lot Improvement 122,245 6,434
Fire Station 3 Renovations 66,879 639,813
Fire Station 6 Renovations 29,967 286,687
SBFD Training Center Classroom Building 625,317 32,911
Lincolnway East Corridor Improvements 433,833 63,210
Western Avenue Streetscape, Phase III 2,415,423 394,118
Total – governmental activities $ 26,595,503 $ 3,288,195
Business-type activities:
Parking garages
Wayne Street Parking Garage Structure Repairs $ 123,813 $ 24,207
Leighton Plaza Parking Garage Structure Repairs 184,281 36,029
Total Parking garages: 308,094 60,236
Water utility
North Station Well #1 Replacement $ 681,218 $ 3,819
Prairie Ave Water Main Loop 130,704 61,796
South Wellfield Plant & Pressure Zone Imprvmnts 212,195 37,805
Olive Water Treatment Plant Improvements 159,550 1,475,896
Edison Filtration Plant Roof Replacement 19,200 470,500
Pinhook Water Treatment Plant Improvements 65,608 113,792
Total Water utility 1,268,475 2,163,608
Wastewater utility
Airport Annexation Area Sanitary Sewer Ext $ 827,312 $ 54,245
WWTP Electrical Improvements 3,133,327 3,885,991
WWTP Raw Sewage Pump No. 2 Rehabilitation 385,080 38,070
Secondary Treatment & Disinfection Imprvmnts 318,734 475,036
Total Wastewater utility 4,664,452 4,453,343
Total – business-type activities $ 6,241,020 $ 6,677,188
Total $ 32,836,523 $ 9,965,383
55
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 7 – Interfund Receivables, Payables, and Transfers
Interfund balances resulted from the time lag between the dates that (1) interfund loans are
repaid, (2) interfund goods and services are provided or reimbursable expenditures occur, (3)
transactions are recorded in the accounting system, and (4) payments between funds are
made.
The composition of interfund balances at December 31, 2019 is as follows:
Receivable Fund Payable Fund Amount
Due to/from Other Funds
Parks & Recreation EDIT $31,500
Internal service Nonmajor governmental 73,046
Water Utility General 19,205
Parks & Recreation 10,919
EDIT 463
Nonmajor governmental 1,410
Wastewater Utility 5,085
Century Center 4,281
Nonmajor enterprise 3,204
Internal service 1,390
Total Water Utility 45,957
Total $150,503
The City has made the following long-term advances between funds:
Receivable Fund Payable Fund Amount
Advances from/to Other Funds
COIT Nonmajor governmental $ 420,253
Nonmajor governmental River West TIF 100,000
Nonmajor governmental 2,388,903
Total nonmajor governmental 2,488,903
Total $ 2,909,156
Specific purposes of the advances are as follows: The COIT Fund advanced funds to the Urban
Development Action Grant Fund for community development projects. Major Moves advanced
funds to the Douglas Road and River East Residential TIFs for project costs incurred to construct
roads and a parking garage.
56
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 7 – Interfund Receivables, Payables, and Transfers (Continued)
Interfund transfers reported in the fund financial statements are comprised of the following:
Receivable Fund Payable Fund Amount
General EDIT $15,000
Water Utility 1,722,624
Wastewater Utility 4,738,366
Total General 6,475,990
Parks and Recreation COIT 400,000
Nonmajor governmental 10,867
Total Parks and Recreation 410,867
COIT Nonmajor governmental 327,077
Internal service 600,000
Total COIT 927,077
EDIT Nonmajor governmental 178,534
River West TIF Nonmajor governmental 62,261
Nonmajor governmental General Fund 26,423
COIT 3,437,750
EDIT 3,282,451
River West TIF 4,266,098
Nonmajor governmental 7,840,583
Century Center 90,752
Nonmajor enterprise 480,649
Total Nonmajor governmental 19,424,706
Wastewater Utility Nonmajor governmental 200,000
Nonmajor enterprise General Fund 608,052
COIT 926,579
EDIT 2,528,909
Total nonmajor enterprise 4,063,540
Grand Total $31,742,975
The City typically uses transfers to fund ongoing operating subsidies. Specific purposes of the
transfers are as follows: The Water and Wastewater Utility Funds transferred PILOT funds to the
General Fund for general use. The COIT, EDIT, River West TIF, Cu mulative Capital
Improvement, and TIF River East Residential Funds transferred funds to the Redevelopment
Authority and South Bend Building Corporation Debt Services Funds for debt service payments.
The COIT and EDIT Funds transferred funds to the Motor Vehicle Highway Fund for general
operations as well as for the curb and sidewalk improvements. The EDIT Fund transferred funds
to the DCI Operating Fund for salaries and wages relating to community investment initiatives and
to the Unsafe Building Fund and Consolidated Building Fund for general operations of the Unsafe
Building, Code Enforcement and Animal Care & Control. The Local Roads and Streets and LOIT
2016 Special Distribution Funds transferred matching grant funds to the Local Road and Bridge
Matching Grant Fund. The Leaf Collection and Removal Fund transferred funds collected from
customers for leaf collection to the Motor Vehicle Highway Fund to cover supervisory personnel in
charge of the Leaf Collection and Removal program.
57
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 8 – Leases
Operating Leases
The City has entered into various operating leases having initial or remaining noncancelable
terms exceeding one year for golf cart global positioning systems, office machines, and office
space. Rental expenditures for these leases were $432,391. The following is a schedule by years
of future minimum rental payments as of December 31, 2019:
Years Ended
December 31 Amount
2020 $ 423,026
2021 392,775
2022 394,275
2023 140,590
2024 142,527
2025-2030 451,975
Total $ 2,075,584
Capital Leases
The City has entered into various lease agreements as lessee for financing the purchase of various
types of equipment and two parking garages. The parking garage capital leases are being
repaid from governmental funds. Future minimum lease payments and pre sent values of the
net minimum lease payments under these capital leases as of December 31, 2019 are as follows
:
Years Ended
December 31
Governmental
Activities
Business-type
Activities
2020 $ 4,093,677 $ 2,688,868
2021 3,572,472 1,893,164
2022 1,906,918 1,410,749
2023 1,012,514 479,975
2024 271,588 84,750
2025 - 2028 200,000 -
Total minimum lease payments 11,057,169 6,557,506
Less amount representing interest 634,830 257,304
Present value $ 10,422,339 $ 6,300,202
Assets acquired through capital leases still in effect are as follows:
Governmental
Activities
Business-type
Activities
Buildings $ - $ 1,324,615
Machinery and Equipment 11,343,590 7,095,031
Total 11,343,590 8,419,646
Accumulated depreciation (4,293,895) (3,726,871)
Net $ 7,049,695 $ 4,692,775
58
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt
Long-term debt activity for the year ended December 31, 2019 is summarized as follows:
Governmental Activities
Beginning
Balance Additions Reductions
Ending
Balance
Due Within
One Year
Governmental Activities
Bonds payable:
General obligation $ 18,695,000 $ - $ (940,000) $ 17,755,000 $ 980,000
Less unamortized (discounts)/premiums 42,645 - (2,298) 40,347 -
Net - general obligation 18,737,645 - (942,298) 17,795,347 980,000
Mortgage 7,755,045 - (1,864,355) 5,890,690 1,931,280
Less unamortized (discounts)/premiums 545,809 - (122,303) 423,506 -
Net - mortgage 8,300,854 - (1,986,658) 6,314,196 1,931,280
Revenue 118,233,220 7,985,000 (7,338,538) 118,879,682 7,231,441
Less unamortized (discounts)/premiums 2,250,693 1,462,841 (199,885) 3,513,648 -
Net - revenue 120,483,913 9,447,841 (7,538,423) 122,393,330 7,231,441
Total bonds payable 147,522,412 9,447,841 (10,467,379) 146,502,873 10,142,721
Notes from direct borrowings 4,108,822 - (347,671) 3,761,150 355,246
Capital leases 12,832,195 1,632,870 (4,042,727) 10,422,338 3,816,805
Subtotal 164,463,429 11,080,711 (14,857,778) 160,686,361 14,314,771
Accumulated Compensated Absences 6,316,138 6,282,710 (6,316,138) 6,282,710 6,282,710
Net pension liability 163,536,593 8,430,804 - 171,967,397 -
Total other post-employment benefits
(OPEB) liability
23,206,087 1,255,727 - 24,461,814 -
Total governmental activities $ 357,522,247 $ 27,049,951 $ (21,173,916) $ 363,398,282 $ 20,597,481
Business-type Activities
Beginning
Balance Additions Reductions
Ending
Balance
Due Within
One Year
Business-type activities:
Bonds payable:
Mortgage $ 4,889,955 $ - $ (310,645) $ 4,579,310 $ 318,720
Less unamortized (discounts)/premiums 62,023 - (4,889) 57,134 -
Net - mortgage 4,951,978 - (315,534) 4,636,444 318,720
Revenue 80,085,000 2,814,257 (12,205,000) 70,694,257 6,935,000
Less unamortized (discounts)/premiums 93,104 - (76,925) 16,179 -
Net - revenue 80,178,104 2,814,257 (12,281,925) 70,710,436 6,935,000
Total bonds payable 85,130,082 2,814,257 (12,597,460) 75,346,880 7,253,720
Capital leases payable 7,994,705 798,498 (2,493,001) 6,300,202 2,560,265
Notes from direct borrowings 2,231,783 - (215,694) 2,016,089 199,656
Total business-type activities $ 95,356,570 $ 3,612,755 $ (15,306,154) $ 83,663,171 $ 10,013,641
Total interest expense for the year was $9,024,479. The City does not have any unused lines of
credit.
59
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
Revenue Bonds
The City issues bonds to provide for the acquisition and construction of major capital facilities.
Revenue bonds involve a pledge of specific income derived from the acquired or constructed assets
and to pay debt service.
The City has pledged future revenue, net of operating expenses, to repay water and wastewater
utilities' bonds. Bond ordinances require monthly deposits of a portion of user fee revenue sufficient
to meet requirements of the next principal, interest, and bank fiscal charge payment. Water and
wastewater bond ordinances also require monthly deposits of user fee revenues over 60 months
to produce a bond reserve equal to approximately the maximum annual debt service.
During 2019, the Water Utility paid $7,807,637 in debt payments or approximately 38 percent of
operating revenue. The Wastewater Utility paid $8,525,713 in debt payments or approximately 21
percent of operating revenue.
The City has pledged tax incremental financing revenue to meet tax incremental financing and
Redevelopment Authority debt requirements.
Mortgage Bonds
The City issues bonds to provide for the acquisition and construction of major capital facilities.
Bondholders of mortgage bonds have a claim on the real assets constructed or acquired with the
bond proceeds, which the City puts up as collateral for the bond.
The City has pledged assets as collateral in each of the mortgage bonds issued below.
Collateralized assets include the Public Works Service Center, the Central Police Station and
Central Fire Station, and the City’s Fire Training Center.
Events of Default
The bonds and direct borrowings of the City contain significant consequences for default. Default
on the City’s long-term debt is generally defined as one of the following: 1) Failure of the City to
make payment on the due date; 2) Declaration of bankruptcy or insolvency by the City; 3) In the
case of revenue bonds, the failure to apply collected pledged revenues; 4) In the case of mortgage
bonds or revenue bonds secured by a leased asset, the placement of a lien on the underlying asset.
Nearly all of the City’s bonds and direct borrowings contain a provision that, in the event of a default,
the outstanding principal and any outstanding interest of the debt become immediately due. The
events of default are specific and enumerated in each of the provisions – none of the City’s bonds
or direct borrowings contain a subjective acceleration clause.
Bonds Outstanding at December 31, 2019
Purpose
Outstanding
12/31/2019
Governmental Activities
General Obligation Bonds
South Bend Park District Bonds, Series 2017(A-K)
- Interest rates 3% - 3.25%
- Original issue $14,075,000
- Installments of $350,000 to $580,000 plus interest
- Maturity January 15, 2033 $ 12,955,000
60
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
General Obligation Bonds, Series 2018 (Fire Station #9)
- Interest rates 3% - 3.25%
- Original issue $5,045,000
- Installments of $75,000 to $170,000 plus interest
- Maturity January 15, 2038 4,800,000
Total General Obligation Bonds $ 17,755,000
Mortgage Bonds
Building Corporation County Option Income Tax Lease Rental Revenue
Refunding Bonds of 2010 (Public Works Service Center)
- Interest rates 2% - 5%
- Original issue $6,075,000, 87.7% Governmental ($5,327,775)
- Installments of $240,000 to $330,000 plus interest
- Maturity February 1, 2021 $ 850,690
Building Corporation First Mortgage Revenue Refunding Bonds, Series
2012 (Police & Fire Station Projects)
- Interest rates 2.1% - 5%
- Original issue $13,595,000
- Installments of $545,000 to $770,000 plus interest
- Maturity February 1, 2023 5,040,000
Total Governmental Mortgage Bonds $ 5,890,690
Revenue Bonds
Indiana Bond Bank Special Program Bonds, Series 2011A (TIF A)
- Interest rates 4% - 5.2%
- Original issue $18,030,000
- Installments of $260,000 to $935,000 plus interest
- Maturity August 1, 2024 $ 8,365,000
Indiana Bond Bank Special Program Bonds, Series 2011A (TIF B)
- Interest rates 4% - 5.2%
- Original issue $10,435,000
- Installments of $254,036 to $530,000 plus interest
- Maturity August 1, 2024 4,765,000
South Bend Redevelopment District Special Taxing District Refunding
Bonds of 2014
- Interest rates 2% - 3%
- Original issue $3,440,000
- Installments of $395,000 to $470,000 plus interest
- Maturity January 1, 2022 925,000
61
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
South Bend Redevelopment Authority Lease Rental Revenue Bonds of
2015 (Refunding 2008)
- Interest rates 2% - 5%
- Original issue $31,450,000
- Installments of $650,000 to $1,210,000 plus interest
- Maturity February 15, 2033 25,995,000
South Bend Redevelopment Authority Lease Rental Revenue
Refunding Bonds, Series 2013 (Refunding 2008)
- Interest rates 2% - 4%
- Original issue $3,990,000
- Installments of $160,000 to $375,000 plus interest *
- Maturity May 1, 2026 2,245,000
2014 St. Joseph County PSAP (EDIT) Revenue Bonds
- City's portion of $9.155M bond (29.03%)
- Interest rates 2% - 3.625%
- Original issue $2,657,697
- Installments of $9,314 to $12,700 plus interest
- Maturity December 31, 2034 2,014,682
South Bend Redevelopment Authority Lease Rental Revenue Bonds of
2015 (Smart Streets Project)
- Interest rates 3% - 4%
- Original issue $25,000,000
- Installments of $460,000 to $840,000 plus interest
- Maturity February 1, 2037 22,630,000
Economic Development Income Tax Bonds of 2015 (Parks Projects)
- Interest rates 3% - 3.75%
- Original issue $5,605,000
- Installments of $16,667 to $65,000 plus interest
- Maturity August 1, 2035 4,760,000
Taxable Economic Development Revenue Bonds, Series 2017 (Eddy
Street Phase II)
- Interest rate 5%
- Original issue $25,000,000
- Installments of $628,472 to $1,834,750 plus interest
- Maturity February 15, 2037 24,925,000
Redevelopment District Bonds, Series 2018 (Parks Projects)
- Interest rates 2% - 3%
- Original issue $11,995,000
- Installments of $405,000 to $490,000 plus interest
- Maturity February 1, 2033 10,930,000
62
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
Economic Development Revenue Bonds, Series 2018 (Potawatomi Zoo
Project)
- Interest rates 4% - 5%
- Original issue $3,440,000
- Installments of $25,000 to $155,000 plus interest
- Maturity February 1, 2034 3,340,000
South Bend Redevelopment Authority Lease Rental Revenue Bonds of
2019 (Double Tracking Project)
- Interest rate 5%
- Original issue $7,985,000
- Installments of $270,000 to $500,000 plus interest
- Maturity February 1, 2030 7,985,000
Total Governmental Revenue Bonds $118,879,682
Total Governmental Activities $142,525,372
* - St. Joseph County has irrevocably pledged hotel-motel tax revenues to
finance debt payments
Business-Type Activities
Mortgage Bonds
Building Corporation County Option Income Tax Lease Rental Revenue
Refunding Bonds of 2010 (Public Works Service Center)
- Interest rates 2% - 5%
- Original issue $6,075,000, 12.3% Business-Type ($747,225)
- Installments of $240,000 to $330,000 plus interest
- Maturity February 1, 2021 $ 119,310
Building Corporation First Mortgage Revenue Bonds, Series 2013
- Interest rates 3% to 4.2%
- Original issue $5,580,000
- Installments of $215,000 to $425,000 plus interest
- Maturity February 1, 2033 4,460,000
Total Business-Type Mortgage Bonds $ 4,579,310
Revenue Bonds
Water Works Refunding Revenue Bonds of 2012B
- Interest rate 2%
- Original issue $3,785,000
- Installments of $335,000 to $425,000 plus interest
- Maturity January 1, 2023 $ 1,235,000
Amended Water Works Revenue Bonds of 2009, Series B
63
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
- Interest rates 5.41% to 5.89%
- Original issue $2,814,256.87
- Installments of $124,257 to $455,000 plus interest
- Maturity January 1, 2030 2,814,257
Sewage Works Revenue Bonds of 2010
- Interest rates 2% - 4.5%
- Original issue $9,345,000
- Installments of $365,000 to $665,000 plus interest
- Maturity December 1, 2030 5,925,000
Sewage Works Revenue Bonds of 2011
- Interest rates 3% - 4%
- Original issue $21,500,000
- Installments of $760,000 to $1,510,000 plus interest - Maturity December 1, 2031 14,535,000
- Installments of $715,000 to $1,065,000 plus interest
- Maturity December 1, 2024 3,450,000
Sewage Works Refunding Revenue Bonds of 2015
- Interest rate 2%
- Original issue $27,440,000
- Installments of $2,475,000 to $3,025,000 plus interest
- Maturity December 1, 2025 17,200,000
Water Works Refunding Revenue Bonds of 2016
- Interest rate 3%
- Original issue $3,300,000
- Installments of $260,000 to $440,000 plus interest
- Maturity January 1, 2027 2,035,000
Total Business-Type Revenue Bonds $ 70,694,257
Total Business-Type Activities $ 75,273,567
64
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
Notes from Direct Borrowings and Direct Placements
Purpose Outstanding
12/31/2019
Governmental Activities
Indiana Development Finance Authority (Bosch Project)
Interest rate: 3.034%
Original issue: $1,040,000
Installments of $18,003 per quarter, includes interest
Maturity: March 22, 2021 $ 105,236
2015 Century Center Energy Conservation Bond
Interest rates: 3.5%
Original issue: $4,167,897
Installments of $22,585 to $176,508 plus interest
Maturity: May 1, 2031 3,655,914
Total governmental activities $ 3,761,150
Business-type Activities
2009 Water Works State Revolving Loan
Interest rate: 3.37%
Original issue: $427,332
Installments of $17,719 to $29,459 plus interest
Maturity: January 1, 2030 $ 267,688
2009 Sewage Works State Revolving Loan
Interest rate: 2.81%
Original issue: $3,297,000
Installments of $130,201 to $220,378 plus interest
Maturity: December 1, 2028 1,748,401
Total business-type activities $ 2,016,089
Other Long-term Liabilities
Compensated absences for governmental activities typically have been liquidated from the
General Fund and special revenue funds. All of the December 31, 2019 business-type activities'
compensated absences are due within one year.
The net 1925 Police and 1937 Firefighters' pension liability will be liquidated from the pension trust
funds. The Public Employees' Retirement Fund (PERF) liability will not be liquidated from the
pension trust funds.
The total OPEB obligation will be liquidated from the General Fund.
65
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 9 – Long-term Debt (Continued)
Debt Service Requirements to Maturity
Annual debt service requirements to maturity for the above bonds and note obligations are as
follows:
Bonds (General Obligation, Revenue, and Mortgage)
Governmental Activities Business-type Activities
Year Ending
December 31 Principal Interest Total Principal Interest Total
2020 $10,142,721 $ 5,375,912 $15,518,633 $7,253,720 $ 2,248,134 $ 9,501,854
2021 10,933,754 5,146,112 16,079,866 7,415,590 2,071,496 9,487,086
2022 10,798,699 4,691,493 15,490,191 7,699,257 1,892,265 9,591,521
2023 10,498,053 4,225,694 14,723,747 7,675,000 1,696,781 9,371,781
2024 10,152,408 3,796,036 13,948,443 7,910,000 1,492,072 9,402,072
2025-2029 39,106,567 14,049,314 53,155,881 25,775,000 4,555,068 30,330,068
2030-2034 36,643,172 6,841,383 43,484,554 11,545,000 722,108 12,267,108
2035-2039 14,250,000 977,938 15,227,938 - - -
Totals
142,525,372 45,103,880
187,629,252 75,273,567 14,677,922 89,951,489
Notes from Direct Borrowings
Governmental Activities Business-type Activities
Year Ending
December 31 Principal Interest Total Principal Interest Total
2020 $ 355,246 $ 127,861 $ 483,107 $ 199,656 $ 58,151 $ 257,807
2021 326,878 115,838 442,716 205,396 52,411 257,807
2022 297,175 105,192 402,367 211,301 46,506 257,807
2023 303,221 94,738 397,959 217,376 40,430 257,806
2024 309,315 84,073 393,388 223,628 34,178 257,806
2025-2029 1,643,472 252,679 1,896,152 958,732 71,510 1,030,242
2030-2034 525,843 18,469 544,312 - - -
2035-2039 - - - - - -
Totals
3,761,150 798,850 4,560,000 2,016,089 303,186 2,319,275
Current Refundings
On November 5, 2019, the City of South Bend amended/refunded its Water Works Revenue bonds
of 2009, Series B. These bonds were originally purchased by the Indiana Bond Bank. On
November 5, 2019, the Indiana Bond Bank issued its Special Refunding Bonds, Series 2019 A-1
to take advantage of favorable interest rates and lower future debt service payments. These
savings were passed on to the City. The City’s outstanding principal balance on the 2009, Series
B bonds was reduced from $3,835,000 to $2,814,257 with interest rates ranging from 5.41% to
5.89%. This accounting gain of $1,020,743 is recognized as deferral of gain on refunding and will
be amortized over the remaining debt service period. In so doing, the City saved $1,105,000 in
debt service costs over the remaining life of the bonds.
66
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 10 – Restricted Assets
At December 31, 2019, the balances of restricted assets in the enterprise funds are comprised of
the following:
Total Water Wastewater
Century
Center
Consolidated
Building Solid Waste EMS
Debt service 1,373,875 286,131 1,087,744 - - - -
Customer repair and deposit 3,874,212 1,287,448 2,586,764 - - - -
Cash with fiscal agent 790,509 33,720 342,186 - 49,386 132,224 232,993
Bond reserve 5,686,302 1,394,387 4,291,915 - - - -
Operating reserve 8,466,379 2,902,529 5,563,850 - - - -
Capital outlay accounts 17,171,266 4,187,432 9,417,064 981,684 - 64,925 2,520,161
Total restricted assets 37,362,543 10,091,647 23,289,523 981,684 49,386 197,149 2,753,154
Note 11 – Property Held for Resale
The City's Redevelopment Commission has purchased properties in blighted areas for
redevelopment and subsequent resale. At December 31, 2019, the market value of these properties
is not known. These properties are recognized as assets in the funds that purchased the property.
Note 12 – Service Concession Arrangement
On July 1, 2013, the City entered into a Service Concession Agreement (SCA) with SMG, a civic
center management company, with the purpose of obtaining high-quality professional management
of the Century Center. On October 1, 2019, SMG merged with AEG Facilities to form a new
company, ASM Global.
The initial term of the contract extended through June 30, 2016, and has been extended twice to
now be through December 31, 2022. ASM Global’s compensation is a flat fee of $135,000 for the
first year and is then adjusted by the CPI (Consumer Price Index) for each successive year.
There are also additional financial incentives based on various operational goals. SMG is
responsible for all operations and financial reporting. Additionally, ASM Global contributed a one-
time capital infusion of $575,000, to be used for capital improvement that will be amortized over
seventy-two (72) months. Both parties retain certain rights regarding operations and contract
cessation.
Note 13 – Risk Management
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of
assets; errors and omissions; job-related illnesses or injuries to employees; medical benefits
provided to employees, retirees, and dependents; and natural disasters.
The risks of torts; theft of, damage to, and destruction of assets; errors and omissions; and
natural disasters are covered by commercial insurance from independent third parties. Settled
claims from these risks did not exceed commercial insurance coverage in 2019. There were
no significant reductions in insurance by major category of risk.
67
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 13 – Risk Management (Continued)
Liability Insurance
The City has chosen to establish a risk financing fund for risks associated with job-related
illnesses or injuries to employees, automobile liability, and comprehensive liability. The risk
financing fund is accounted for in the Liability Insurance Premium Reserve Fund, an internal
service fund, whereby assets are set aside for claim settlements. Excess policies through
commercial insurance covers individual claims in excess of $400,000 per claim for job-related
illnesses or injuries to employees (workers' compensation) and claims for damage to and
destruction of assets (property damage) with various self-retention amounts. In recent years,
claims resulting from property damage exceeded the property insurance self-retention amount.
Claims resulting from this risk exceeded the self-retention amount during 2017, 2018 and
2019 by $218,522, $ 238,638, and $217,805, respectively. A premium is charged to each fund
based on a study of paid claims and based on the number of employees and percent of the total
budget. Provisions are also made for unexpected and unusual claims.
A significant flooding event occurred in February 2018. During that month, heavy rainfall resulted
in flooding that damaged several City-owned parks and trails along the St. Joseph River, along with
a pumping station owned by the City’s utilities. During 2019, the City agreed to insurance proceeds
settlement of $2 million related to this loss, minus the City’s deductible. A portion of this payment
was received in 2018, the remainder will be received in 2020 and is recognized as a receivable in
the City’s Liability Reserve Fund as of December 31, 2019. It is anticipated that the insurance
proceeds will cover a significant portion of the cost of repairs. Additional repair cost reimbursement
was earned in 2018 through the Federal Emergency Management Agency (FEMA).
Claim expenditures and liabilities of the fund are reported when it is probable that a loss has
occurred, and the amount of the loss can be reasonably estimated. These losses include an
estimate of claims that have been incurred but not reported (IBNRs). C laim liabilities are calculated
considering the effects of inflation, recent claim settlement trends including frequency and
amounts of payouts, and other economic and social factors. The entire insurance liability balance
is reported as a current liability as the City has the intent to pay within one year.
Group Health Insurance
The City has chosen to establish a risk financing fund for risks associated with medical
benefits of employees and their covered dependents. The risk financing fund is accounted for
in the Self-Funded Employee Benefits Fund, an internal service fund, whereby assets are set
aside for benefit costs. An excess policy through commercial insurance covers individual claims
in excess of $300,000 per year. Claims resulting from this risk exceeded the self-retention
amount during 2017, 2018, and 2019 by $109,466, $ 347,097, and $24,418, respectively. A
premium is charged to each fund based on the number of employees and estimated costs
exceeding the employees' contributions. Provisions are also made for unexpected and unusual
claims.
Claim expenditures and liabilities of the fund are reported when it is probable that a loss has
occurred and the amount of the loss can be reasonably estimated. These losses include an
estimate of claims that have been incurred but not reported (IBNRs). Claim liabilities are calculated
considering the effects of inflation, recent claim settlement trends including frequency and
amounts of payouts, and other economic and social factors.
68
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 13 – Risk Management (Continued)
Changes in the estimated liability for the past two fiscal years were as follows:
Liability Insurance Group Health
2019 2018 2019 2018
Unpaid claims - Beginning of year $ 2,139,926 $ 1,175,541 $ 919,015 $ 934,220
Incurred claims, including claims
incurred but not reported 1,950,168 2,932,213 14,771,522 14,423,269
Claim payments (2,343,321) (1,967,828) (14,665,692) (14,438,474)
Unpaid claims - End of year $ 1,746,773 $ 2,139,926 $ 1,024,845 $ 919,015
Contingent Liabilities
On February 28, 2012, the City, the United States of America, and the State of Indiana, agreed to
a consent decree to resolve claims against the City for alleged violations of the Clean Water Act.
The decree includes several provisions, including a long term control plan that requires the City to
complete a construction program by December 31, 2031 at a cost of approximately $509.5 million
in 2007 dollars to comprehensively upgrade and expand the City's sewage collection, storage,
conveyance, and treatment system.
Under this agreement South Bend was required to undertake a review of the Plan after 5 years and
this review was completed in 2017. The review resulted in a revised plan that calls for a reduced
investment of $200 million in 2017 dollars. The plan will meet the same environmental goals and
will still run to 2031. South Bend is currently working with State and Federal environmental
regulators to have this new more cost-efficient plan formally endorsed.
Note 14 – Subsequent Events
In March 2020, the United States of America, the State of Indiana, and local county and city
governments declared states of emergency related to the outbreak of the COVID-19 virus. This
pandemic and the resulting impact on the local economy will have far-reaching effects on the City’s
financial condition, including the potential for the loss of future tax revenue and charges for services
revenue, as well as increased expenses related to the response to, cleanup of, and economic
recovery from the virus. The City continues to monitor and track the financial impact of this situation.
Note 15 – Conduit Debt Obligations
From time to time, the City has issued conduit debt obligations to provide financial assistance to
private sector entities for the acquisition and construction of industrial and commercial facilities
deemed to be in the public interest. The bonds are secur ed by private sector revenue sources or
by the underlying assets constructed with the bond proceeds, and are not secured by any asset
or revenue source of the City, nor by the full faith and credit of the City. Neither the City, the State,
nor any political subdivision thereof is obligated in any manner for the repayment of the bonds.
Accordingly, the bonds are not reported as liabilities in the accompanying financial statements.
As of December 31, 2019 there were eight series of conduit debt obligations o utstanding. The
aggregate current principal outstanding on these debt obligations could not be determined,
however, their original issue amounts totaled $53,590,000. During 2019 , the City approved no
new conduit debt obligations.
69
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 16 – Fund Balance Constraints
The detail of the various components of fund balance is as follows:
General
Fund
Parks and
Recreation
Public
Safety
LOIT COIT EDIT Rainy Day
River West
TIF
Nonmajor
Funds Total
Fund Balances
Nonspendable
Inventory $ - $ 15,686 $ - $ - $ - $ - $ - $ - $15,686
Total Nonspendable - 15,686 - - - - - - 15,686
Restricted
Debt service - - - - - - - 11,332,302 11,332,302
General administration - - - - - - - 2,449,580 2,449,580
Police and fire salaries - - 2,987,477 - - - - - 2,987,477
Public safety programs - - - - - - - 868,162 868,162
Street maintenance - - - - - - - 10,311,482 10,311,482
Economic development - - - - - - 36,590,192 34,575,001 71,165,193
Parks maintenance - 2,630,246 - - - - - - 2,630,246
Public safety capital - - - - - - - 300,330 300,330
Cultural capital projects - - - - - - - 11,868,713 11,868,713
Street capital projects - - - - - - - 5,304,913 5,304,913
Total Restricted - 2,630,246 2,987,477 - - - 36,590,192 77,010,483 119,218,398
Committed
General administration - - - - - - - 1,519,358 1,519,358
Public safety programs - - - - - - - 160,316 160,316
Economic development - - - - - - - 1,828,136 1,828,136
Cultural capital - - - - - - - 987,647 987,647
Total Committed - - - - - - - 4,495,457 4,495,457
Assigned
General administration 820,834 - - 12,643,539 17,708,502 10,770,099 - - 41,942,974
Public safety programs - - - - - - - 2,403 2,403
Street maintenance - - - - - - - 430,490 430,490
Economic development - - - - - - - 919,770 919,770
Total Assigned 820,834 - - 12,643,539 17,708,502 10,770,099 - 1,352,663 43,295,637
Unassigned 42,478,766 - - - - - - (57,852) 42,420,914
Total fund balances 43,299,600 2,645,932 2,987,477 12,643,539 17,708,502 10,770,099 36,590,192 82,800,751 209,446,092
Public Safety LOIT funds are primarily restricted for payment of police and fire personnel. Parks
and Recreation funds are restricted primarily for parks and recreation operating costs, including
personnel. COIT and EDIT funds are assigned to general government primarily for debt service
payments and operating expenses. River West TIF and Redevelopment Authority Debt
Service are restricted for economic development projects and debt service.
The government-wide statement of net position reports restricted net position for debt service and
capital outlay, which is restricted by enabling legislation.
70
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 17 – Segment Information
Types of Goods or Services Provided: Used to account for the operations and
purchases of necessary equipment for the
Fire Department and Emergency Medical
Services Department.
Condensed Statement of Net Position Assets: Cash and cash equivalents $ 1,962,213
Receivables 1,470,995
Prepaid items -
Restricted cash and cash equivalents 2,753,154
Capital assets (net of accumulated depreciation) 4,498,900
Total assets 10,685,262
Liabilities:
Current liabilities 893,572
Mortgage bonds payable, net 4,277,600
Capital leases payable 825,922
Total liabilities 5,997,094
Net position: Net investment in capital assets (1,057,532)
Restricted 2,195,207
Unrestricted 3,550,493
Total net position $ 4,688,168
Condensed Statement of Revenues, Expenses, and Changes in Net Position
Operating revenues $ 5,720,434
Other operating expenses (7,181,408)
Depreciation expense (484,641)
Operating income (loss) (1,945,615)
Nonoperating revenues (expenses): Interest revenue 150,084
Interest expense (198,938)
Gain on exchange of capital assets 10,607
Interfund transfers in 1,534,631
Interfund transfers out (321,706)
Change in net position (770,937)
Total net position - beginning 5,459,105
Total net position - ending $ 4,688,168
Condensed Statement of Cash Flows: Net cash provided (used) by:
Operating activities $ (1,740,323)
Noncapital financing activities 1,212,925
Capital and related financing activities (1,586,508)
Investing activities 1,044,211
Net increase (decrease) in cash and cash equivalents (1,069,695)
Cash and cash equivalents, January 1 2,644,114
Cash and cash equivalents, December 31 $ 1,574,419
71
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 18 – Other Postemployment Benefits
Plan Description
The City of South Bend Retiree Healthcare Plan (SBRHP) is a single-employer defined benefit
healthcare plan administered by the City of South Bend, Department of Administration and Finance,
through the City's self-insurance fund. Indiana Code 5-10-8 gives the unit the authority to establish
and amend the plan. No assets are accumulated in a trust that meets the criteria in paragraph 4 of
GASB Statement 75. Namely, employer contributions to the OPEB plan are not irrevocable, nor
are any plan assets legally protected from creditors.
The City issues a publicly available financial report that includes financial statements and required
supplementary information for the plan. The report is available by contacting the City Controller's
office: 227 West Jefferson Blvd. Rm. 1200N, South Bend, IN 46601, Ph. (574) 235-9216.
Benefits Provided and Funding Policy
SBRHP provides for medical insurance benefits to eligible retirees and their spouses. Police
officers and firefighters are eligible for retiree health coverage once they attain age 50 with 20 years
of service. General employees are eligible for retiree health coverage upon satisfaction of:
• Rule of 85 and age 55; or
• Age 65 with 10 years of service; or
• Age 60 with 15 years of service
Health care coverage ceases when the retiree or dependent reaches age 65.
The contribution requirements of plan members for SBRHP are established and can be amended
by the City's Common Council. The required contribution is based on projected "pay-as-you-go"
financing requirements. For the year ended December 31, 2019, the City contributed $774,470 to
the plan for current premiums. Police and fire members receiving benefits contributed
approximately 37 percent of the total premiums through their required contribution of $214 per
month for retiree-only coverage and approximately 43 percent of the total premiums through their
required contribution of $643 for retiree and spouse coverage. General employee members
receiving benefits contributed approximately 100 percent of the total premiums through their
required contribution of $605 and $552 per month for retiree-only coverage and $1,587 and $1,429
for retiree and spouse coverage for the PPO and HDHP plans, respectively.
Employees Covered by Benefit Terms
At December 31, 2019, the following employees were covered by the benefit terms:
Active employees with coverage 941
Active employees without coverage 148
Retirees 66
Total 1,155
Total OPEB Liability
The City’s total OPEB liability of $24,461,814 was measured as of December 31, 2019 but was
determined by an actuarial valuation as of December 31, 2018.
72
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 18 – Other Postemployment Benefits (Continued)
Actuarial Assumptions and Other Inputs
The total OPEB liability in the December 31, 2018 actuarial valuation was determined using the
following actuarial assumptions and other inputs, applied to all periods included in the
measurement, unless otherwise specified:
Inflation 2.25 percent per year
Salary increases 2.25 percent, average, including inflation
Discount rate 4.11 percent as of December 31, 2018 and 3.44% as of January 1, 2018
Healthcare cost trend rates
9.0 percent for 2018, decreasing 0.5 percent per year to an ultimate rate of 4.5
percent for 2027 and later years
Retirees' share of benefit-
related costs
approximately 37 percent for projected health insurance premiums for retirees and
approximately 43% fore retiree and spouse
The discount rate was based on a yield for 20-year tax-exempt general obligation municipal bonds
(Bond Buyer Go 20) with an average rating of AA/Aa or higher (or equivalent quality on another
rating scale).
Mortality rates for healthy retirees were based on the SOA RPH-2018 Total Dataset Mortality Table
fully generational using Scale MP-2018 (RPH-2018 table is created based on RPH-2014 mortality
tables with 8 years of MP-2014 mortality improvement backed out, projected to 2018 using MP-
2018 improvement.)
The actuarial assumptions used in the December 31, 2019 valuation were based on the results of
an actuarial experience study for the year ending December 31, 2007.
The healthcare coverage election rate was 65% for active police and fire with current coverage,
40% for active general employees with current coverage, and 0% for active employees with no
coverage.
Changes in the Total OPEB Liability
Total OPEB
Liability
Balance at 1-1-19 $ 23,206,087
Changes for the year:
Service cost 1,049,065
Interest 981,132
Changes in benefit terms -
Differences between expected and actual experience -
Changes in assumptions or other inputs -
Benefit payments (774,470)
Net changes 1,255,727
Balance at 12-31-19 $ 24,461,814
There have been no substantive plan provision changes since the last full valuation, which was for
the fiscal year ending December 31, 2018.
73
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 18 – Other Postemployment Benefits (Continued)
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following presents the total OPEB liability of the City as of December 31, 2019, as well as what
the City’s total OPEB liability would be if it were calculated using a discount rate that is 1 -
percentage-point lower (3.11 percent) or 1-percentage-point higher (5.11 percent) than the current
discount rate:
1% Decrease Discount Rate 1% Increase
(3.11%) (4.11%) (5.11%)
Total OPEB Liability $ 26,795,040 $ 24,461,814 $ 22,335,679
Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates
The following presents the total OPEB liability of the City, as well as what the City’s total OPEB
liability would be if it were calculated using healthcare cost trend rates that are 1- percentage-point
lower (8.5 percent decreasing to 4.5 percent) or 1-percentage-point higher (10.5 percent
decreasing to 6.5 percent) than the current healthcare cost trend rate:
Healthcare
1% Decrease Cost Trend 1% Increase
(7.5% Rates (8.5% (9.5%
decreasing decreasing decreasing
to 3.5% to 4.5% to 5.5%
Total OPEB Liability $ 21,749,168 $ 24,461,814 $ 27,649,676
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to OPEB
For the year ended December 31, 2019, the City recognized OPEB expense of $1,367,296. At
December 31, 2019, the City reported deferred outflows of resources and deferred inflows of
resources related to OPEB from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Difference between expected and actual $ 1,230,539 $ -
experience
Changes in assumptions or other inputs - (7,196,643)
Total $ 1,230,539 $ (7,196,643)
74
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 18 – Other Postemployment Benefits (Continued)
Amounts reported as deferred outflows of resources and deferred inflows of resources related to
OPEB will be recognized in OPEB expense as follows:
Year ended
December 31: Amount
2020 $ (662,901)
2021 (662,901)
2022 (662,901)
2023 (662,901)
2024 (662,901)
Thereafter (2,651,599)
Note 19 – Pension Plans
Plan Description
Public Employees' Retirement Fund
The Public Employees' Retirement Fund, a cost-sharing multiple-employer plan, administered by
the Indiana Public Employees' Retirement Plan (INPRS) Board, provides pensions for all full-time
employees other than police officers and firefighters, who are covered under the 1977 Police
Officers' and Firefighters' Pension and Disability Fund. The pension system issues a publicly
available financial report that can be obtained at http://www.inprs.in.gov.
1977 Police Officers' and Firefighters' Pension and Disability Fund
The 1977 Police Officers' and Firefighters' Pension and Disability Fund, a cost-sharing multiple-
employer plan administered by the Indiana Public Employees' Retirement Plan (INPRS) Board,
provides pensions for all police officers and firefighters hired after April 30, 1977. The pension
system issues a publicly available financial report that can be obtained at http://www.inprs.in.gov.
1925 Police Officers' Pension Plan
The City contributes to the 1925 Police Officers' Pension Plan, a single-employer defined benefit
pension plan administered by the local pension board as authorized by state statute (IC 36-8-6).
The financial statements of the plan are included in these financial statements as a pension and
other employee benefit trust fund (a fiduciary fund).
Management of the 1925 Police Officers' Pension plan is vested in the pension board, which
consists of nine members - six elected by plan members, the Mayor, the Chief, and the City
Controller.
The pension plan is closed to new entrants.
1937 Firefighters' Pension Plan
The City contributes to the 1937 Firefighters' Pension Plan, a single-employer defined benefit
pension plan administered by the 1937 Firefighters' Pension Plan Board as authorized by state
statute (IC 36-8-7). The financial statements of the plan are included in these financial statements
as a pension and other employee benefit trust fund (a fiduciary fund).
Management of the 1937 Firefighters' Pension Plan is vested in the pension board.
75
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
The pension plan is closed to new entrants.
Benefits Provided
Public Employees' Retirement Fund
These plans provide retirement, disability and survivor benefits for public employees not covered
by the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund. The Indiana Code, Title
5, Articles 10.2 and 10.3, as amended only by the Indiana General Assembly, identifies the benefit
provisions and establishes the authority under which members and employers are obligated to
contribute to the plan. The City of South Bend participates in two different plans for non-Public
Safety positions: the PERF Hybrid Plan and the My Choice Retirement Savings Plan.
•PERF Hybrid Plan: PERF Hybrid consists of two components: a monthly, employer-funded
defined benefit component and a member-funded defined contribution account. For the
defined benefit component, retirement benefits for employees are calculated as years of
credible service times the average highest 20 quarters of salary times 1.1 percent. Normal
retirement ages are age 65 and 10 years (eight years for certain elected officials) of creditable
service, age 60 and 15 years of creditable service, and age 55 if age and creditable service
total at least 85, with early retirement at 50 with 15 years of service. Vesting period is 10
years. Benefit terms provide for annual cost of living adjustments to each employee's
retirement allowance subsequent to the employee's retirement date. The annual adjustments
are granted by the Indiana General Assembly on an ad hoc basis. For the defined contribution
component of the Hybrid plan, an employee who leaves service may withdraw his or her
Annuity Savings Account contributions, plus any accumulated interest.
•My Choice Retirement Savings Plan: No defined benefit for employee. Employee contributions
are fully vested upon hire, employer contributions to employee account are vested based upon
full years of participation (20% per year – 5 full years for 100% vesting).
1977 Police Officers' and Firefighters' Pension and Disability Fund
The plan provides retirement, disability, and death benefits. Benefit terms are established and
amended by State legislative action. Annual retirement benefits for employees are calculated as
50 percent of first-class salary for 20 years of service plus one percent for each six months of active
service over 20 years up to a maximum of 12 years (for a total of 32 years of service and 74 percent
of salary).. Normal retirement age is 52 with 20 years of creditable service, with early retirement at
50.
Employees are eligible for non-duty disability benefits after five years of service and for duty related
disability benefits upon hire. Disability retirement benefits are based on the severity with a
catastrophic disability receiving 100% of salary and less severity receiving lesser amounts
ranging down to 35% of salary.
Death benefits equal the benefit which would have been payable to a beneficiary if the member
had retired at age 50 or at death, whichever is later, under an effective election of the joint and
survivor option available for retirement benefits.
An employee who leaves service may withdraw his or her contributions, plus any accumulated
interest. Benefit terms provide for annual cost-of-living adjustments to each employee’s retirement
allowance subsequent to the employee’s retirement date. The annual adjustments are determined
by statue equal to the change in the Consumer Price Index but not in excess of a 3 percent increase.
1925 Police Officers' Pension Plan
The plan provides retirement, disability, and death benefits to plan members and beneficiaries. The
76
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
plan was established by the plan administrator, as provided by state statute. The financial
statements of the plan are included in these financial statements as a pension trust fund (a fiduciary
fund).
1937 Firefighters' Pension Plan
The plan provides retirement, disability, and death benefits to plan members and beneficiaries. The
plan was established by the plan administrator, as provided by state statute. The financial
statements of the plan are included in these financial statements as a pension trust fund (a fiduciary
fund).
Employees Covered by Benefit Terms
The following members were covered by the benefit terms:
1925 Police Officer’s
Pension Plan
1937 Firefighters’
Pension Plan
Date of member count December 31, 2019 December 31, 2019
Inactive plan members or beneficiaries
currently receiving benefits 197 143
Active plan members 4 2
Total employees covered by the plan 201 145
Contributions
Public Employees' Retirement Fund
Per Indiana Code, Title 5, Articles 10.2 and 10.3, the contribution requirements of the active
employees and the participating employers are established and may be amended by the INPRS
Board based on recommendations by the INPRS actuary. Employees are required to contribute 3
percent of their annual pay. The City’s contractually required contribution rate for the year ended
December 31, 2019 was 11.2 percent of annual payroll for the PERF Hybrid plan and 10.2% of
annual payroll for the MyChoice Plan. Contributions to the plan from the City were $3,401,818 for
the year ended December 31, 2019.
1977 Police Officers' and Firefighters' Pension and Disability Fund
Per Indiana State statute (IC 36-8-8 and IC 36-8-8.5), the contribution requirements of the active
employees and the participating employers are established and may be amended by the INPRS
Board based on recommendations by the INPRS actuary. Employees are required to contribute 6
percent of their annual pay. The City’s contractually required contribution rate for the year ended
December 31, 2019 was 17.5 percent of annual payroll. Contributions to the plan from the City
were $5,231,635 for the year ended December 31, 2019.
1925 Police Officers' Pension Plan
Plan members are required by state statute (IC § 36-8-6-4) to contribute an amount equal to six
percent (6 percent) of the salary of a first class patrolman. The contribution requirements of plan
members are established by state statute. The City's annual pension cost and related information,
as provided by the actuary, is presented in this note. The net pension liability (NPL) is considered
an obligation of the City and is reflected in the statement of net position. The State of Indiana is
required by statute to reimburse the City for benefits paid and has contributed $6,107,782 during
2019 on behalf of the City. The City has recognized these on behalf payments as intergovernmental
revenue and public safety expenditures in the General Fund.
77
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
1937 Firefighters' Pension Plan
Plan members are required by state statute (IC § 36-8-7-8) to contribute an amount equal to six
percent (6 percent) of the salary of a first-class firefighter. The contribution requirements of plan
members are established by state statute. The City's annual pension cost and related information,
as provided by the actuary, is presented in this note. The net pension liability (NPL) is considered
an obligation of the City and is reflected in the statement of net position. The State of Indiana is
required by statute to reimburse the City for benefits paid and has contributed $4,462,993 during
2018 on behalf of the City. The City has recognized these on behalf payments as intergovernmental
revenue and public safety expenditures in the General Fund.
Net Pension Liability
The City chooses a date for each pension plan to measure its net pension liability. This is based
on the measurement date of each pension plan, which may be based on a comprehensive valuation
as of that date or based on an earlier valuation that has used procedures to roll the information
forward to the measurement date.
Public
Employees’
Retirement
Fund
1977 Police
Officers’ and
Firefighters’
Pension and
Disability
1925 Police
Officers’
1937
Firefighters’
Measurement date used
for the City NPL June 30, 2019 June 30, 2019 December 31,
2019 December 31,
2019
Based on a
comprehensive actuarial
valuation as of
June 30, 2019 June 30, 2019 December 31,
2019 December 31,
2019
Changes in the net pension liability during the measurement year were as follows:
1925 Police Officers’ Pension Plan
Increase (Decrease)
Changes in Net Pension Liability Total Pension
Liability Plan Net
Position Net Pension
Liability
Balance at December 31, 2018 $ 81,564,082 $ 949,185 $ 80,614,897
Service cost 84,969 - 84,969
Interest 2,445,011 - 2,445,011
Plan Amendments 870,092 - 870,092
Experience (gains)/ losses 278,613 - 278,613
Assumption Changes 7,451,976 - 7,451,976
Non-employer contributing entity
contributions - 6,107,782 (6,107,782)
Net investment income - 18,102 (18,102)
Benefit payments, including refunds (6,112,665) (6,363,550) 250,885
Administrative expenses - (10,304) 10,304
Net changes: 5,017,996 (247,970) 5,265,966
Balance at December 31, 2019 $ 86,582,078 $ 701,215 $ 85,880,863
The plan's fiduciary net position represents 0.81 percent of the total pension liability.
78
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
1937 Firefighters Pension Plan
Increase (Decrease)
Changes in Net Pension Liability Total Pension
Liability Plan Net
Position Net Pension
Liability
Balance at December 31, 2018 $63,424,661 $315,552 $63,109,109
Service cost 62,978 - 62,978
Interest 1,865,607 - 1,865,607
Plan Amendments 941,442 - 941,442
Experience (gains)/ losses (1,096,354) - (1,096,354)
Assumption Changes 5,758,955 - 5,758,955
Non-employer contributing entity
contributions
- 4,462,993 (4,462,993)
Net investment income - 9,432 (9,432)
Benefit payments, including refunds (4,420,816) (4,439,496) 18,680
Administrative expenses - (10,309) 10,309
Net changes: 3,111,812 22,620 3,089,192
Balance at December 31, 2019 $66,536,473 $338,172 $66,198,301
The plan's fiduciary net position represents 0.51 percent of the total pension liability.
Public Employees’ Retirement Fund
At December 31, 2019, the City reported a liability of $19,576,553 for its proportionate
share of the net pension liability. The net pension liability was measured as of June 30,
2019 and the total pension liability used to calculate the net pension liability was
determined by an actuarial valuation as of that date. The City's proportion of the net
pension liability was based on the City's actuarially required contribution for the year ended
December 31, 2019, relative to all other contributing employers. At June 30, 2019, the
City's proportion was 0.59232 percent, which was an increase of 0.00909% from its
proportion measured as of June 30, 2018.
1977 Police Officers’ and Firefighters’ Pension and Disability Fund
At December 31, 2019, the City reported a liability of $311,680 for its proportionate share of
the net pension liability. The net pension liability was measured as of June 30, 2019 and
the total pension liability used to calculate the net pension asset was determined by an
actuarial valuation as of that date. The City's proportion of the net pension asset was based
on the City's actuarially required contribution for the year ended December 31, 2019, relative
to all other contributing employers. At June 30, 2019, the City's proportion was 3.38195
percent, which was a decrease of 0.05551 from its proportion measured as of June 30, 2018.
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to Pensions
At December 31, 2019, the City reported deferred outflows of resources and deferred inflows of
resources related to pensions from the following sources:
79
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
Public Employees' Retirement Fund
Deferred
Outflows of
Resources
Deferred Inflows
of Resources
Difference between expected and actual experience $ 518,380 $ -
Changes in assumptions 4,358 2,128,116
Net difference between projected and actual earnings on
pension plan investments - 925,334
Employer contributions to the plan subsequent to the
measurement date 1,764,247 -
Changes in proportion and difference between employer
contributions and proportionate share of contributions 354,820 33,330
Total $ 2,641,805 $ 3,086,780
1977 Police Officers' and Firefighters' Pension and Disability Fund
Deferred
Outflows of
Resources
Deferred Inflows
of Resources
Difference between expected and actual experience $ 5,664,269 $ 1,105,854
Changes in assumptions -
5,372,895
Net difference between projected and actual earnings on
pension plan investments -
2,829,522
Employer contributions to the plan subsequent to the
measurement date 2,628,998 -
Changes in proportion and difference between employer
contributions and proportionate share of contributions 114,547 87,745
Total $ 8,407,814 $ 9,396,016
1925 Police Officers’ Pension Plan
Deferred Inflows
of Resources
Investment experience $ 1,028
1937 Firefighters’ Pension Plan
Deferred Inflows
of Resources
Investment experience $ 2,790
Amounts reported as deferred outflows of resources and deferred inflows of resources related to
pensions will be recognized in pension expense as follows (note that employer contributions
subsequent to the measurement date will reduce the net pension liability and therefore will not be
included in future pension expense):
80
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
Public Employees' Retirement Fund
Year Ending
June 30 Amount
2020 $ (606,287)
2021 (1,305,182)
2022 (225,906)
2023 (71,847)
2024 -
Thereafter - Total $ (2,209,222)
1977 Police Officers' and Firefighters' Pension and Disability Fund
Year Ending
June 30 Amount
2020 $ (391,810)
2021 (2,201,867)
2022 (1,780,644)
2023 (804,926)
2024 380,673
Thereafter 1,181,374
Total $ (3,617,200)
1925 Police Officers’ Pension Plan
Year Ending
June 30
Amount
2020 $ (244)
2021 (244)
2022 (245)
2023 (295)
2024 -
Thereafter -
Total $ (1,028)
1937 Firefighters’ Pension Plan
Year Ending
June 30 Amount
2020 $ (669)
2021 (669)
2022 (670)
2023 (782)
2024 -
Thereafter -
Total $ (2,790)
81
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
Actuarial Assumptions
The total pension liability in each actuarial valuation was determined using the following actuarial
assumptions applied to all periods included in the measurement:
Public
Employees'
Retirement
Fund
1977 Police
Officers' and
Firefighters'
Pension and
Disability Fund
1925 Police
Officers'
Pension Plan
1937
Firefighters'
Pension Plan
Inflation 2.25% 2.25% 2.25% 2.25%
Salary increases (including inflation) 2.5-4.25% 2.50% 2.50% 2.50%
Investment rate of return (net of
investment expenses) 6.75% 6.75% 1.75% 1.75%
Mortality rates
RP-2014
Mortality Table
with
adjustments for
mortality
improvements
based on
Social Security
Administration
2014 Trustee
Report
RP-2014 Blue
Collar Set
Mortality Table
with
adjustments for
mortality
improvements
based on
Social Security
Administration
2014 Trustee
Report
RP-2014 Blue
Collar Set
Mortality Table
with
adjustments for
mortality
improvements
based on
Social Security
Administration
2014 Trustee
Report
RP-2014 Blue
Collar Set
Mortality Table
with
adjustments for
mortality
improvements
based on Social
Security
Administration
2014 Trustee
Report
The actuarial assumptions used in the June 30, 2019 actuarial valuation date valuation were based
on the results of an actuarial experience study for the four years ended June 30, 2014.
Discount Rate
As shown below, the discount rate used to measure the total pension liability was determined after
considering a projection of the cash flows to determine whether the future contributions (made at
the current contribution rates) will be sufficient to allow the pension plans' fiduciary net position to
make all projected future benefit payments of current active and inactive employees.
The long-term expected rate of return on pension plan investments was determined using a
building-block method in which best-estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense, and inflation) are developed for each
major asset class. These ranges are combined to produce the long-term expected rate of return by
weighting the expected future real rates of return by the target asset allocation percentage and by
adding expected inflation update.
Public
Employees'
Retirement
Fund
1977 Police
Officers' and
Firefighters'
Pension and
Disability Fund
1925 Police
Officers'
Pension Plan
1937
Firefighters'
Pension Plan
Assumed investment rate of return 6.75% 6.75% 1.75% 1.75%
Are contributions expected to be
sufficient to allow fiduciary net position to
pay future benefits?
Yes Yes No No
Discount rate used to measure TPL 6.75% 6.75% 2.13% 2.13%
1925 Police Officers' Pension Plan's and 1937 Firefighters' Pension Plan's fiduciary net position
were not projected to be available to make all projected future benefit payments of current active
and inactive employees. Therefore, the discount rate incorporates a municipal bond rate which was
2.13 percent. The source of that bond rate was the Barclay's 20-year Municipal Bond (as referenced
in The Wall Street Journal, December 31, 2017).
82
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
Investment Rate of Return Best estimates of geometric real rates of return as of the June 30, 2018
measurement date for the Public Employees’ Retirement Fund and 1977 Police Officers’ and
Firefighters’ Pension and Disability Fund and December 31, 2018 measurement date for the 1925
Police Officers’ Pension Plan and 1937 Firefighters’ Pension Plan, and for each major asset class
included in the pension plan's target asset allocation, as disclosed in the investment footnote, are
summarized in the following tables:
Public Employees' Retirement Fund and 1977 Police Officers' and Firefighters' Pension and
Disability Fund
Asset Class Target
Allocation Long-term
Expected Real
Rate of Return
Public Equity 22% 4.9%
Private Equity 14% 7.0%
Fixed Income - Ex Inflation-Linked 20% 2.5%
Fixed Income - Inflation-Linked 7% 1.3%
Commodities 8% 2.0%
Real Estate 7% 6.7%
Absolute Return 10% 2.9%
Risk Parity 12% 5.3%
1925 Police Officers’ Pension Plan
Asset Class Long-term
Expected Real
Rate of Return
Cash or cash equivalents 1.75%
Fixed income investments 1.75%
1937 Firefighters’ Pension Plan
Asset Class Long-term
Expected Real
Rate of Return
Cash or cash equivalents 1.75%
Government agency securities 1.75%
Sensitivity of the Net Pension Liability to Changes in the Discount Rate
Pension Plan 1% Decrease
(5.75%) Discount
(6.75%)
1% Increase
(7.75%)
Public Employees’ Retirement Fund $ 31,440,203 $ 19,576,553 $ 9,681,362
1977 Police Officers' and Firefighters'
Pension and Disability Fund
$ 34,488,465 $ 311,680 $ (27,290,585)
83
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
Pension Plan 1% Decrease
(1.13%) Discount
(2.13%)
1% Increase
(3.13%)
1925 Police Officers' Pension Plan $ 95,192,461 $ 85,880,863 $ 78,000,224
1937 Firefighters' Pension Plan $ 73,501,980 $ 66,198,301 $ 60,026,990
Detailed Information
Public Employees’ Retirement Fund, and 1977 Police Officers' and Firefighters' Pension and
Disability Fund
Detailed information about the plan’s fiduciary net position is available in a separately issued
financial report available at www.in.gov/inprs/files/2018_INPRSCAFRBook.pdf. The plan’s
fiduciary net position has been determined on the same basis used by the plan. The plan uses the
economic resources measurement focus and the full accrual basis of accounting. Investments are
stated at fair value. Contribution revenue is recorded as contributions are due, pursuant to legal
requirements. Benefit payments and refunds of employee contributions are recognized as expense
when due and payable in accordance with the benefit terms.
1925 Police Officers' Pension Plan
The financial statements of the plan are included in these financial statements as a pension and
other postemployment benefit trust fund. For the purpose of measuring the net pension liability,
deferred outflows of resources, and deferred inflows or resources related to pension and pension
expense, information about the plan’s fiduciary net position and addition to/deduction from fiduciary
net position have been determined on the same basis as they are report by the plan. The plan uses
the economic resources measurement focus and the full accrual basis of accounting. Investments
are stated at fair value. Contribution revenue is recorded as contributions are due, pursuant to legal
requirements. Benefit payments and refunds of employee contributions are recognized as expense
when due and payable in accordance with the benefit terms.
1937 Firefighters' Pension Plan
The financial statements of the plan are included in these financial statements as a pension and
other postemployment benefit trust fund. For the purpose of measuring the net pension liability,
deferred outflows of resources, and deferred inflows or resources related to pension and pension
expense, information about the plan’s fiduciary net position and addition to/deduction from fiduciary
net position have been determined on the same basis as they are report by the plan. The plan uses
the economic resources measurement focus and the full accrual basis of accounting. Investments
are stated at fair value. Contribution revenue is recorded as contributions are due, pursuant to legal
requirements. Benefit payments and refunds of employee contributions are recognized as expense
when due and payable in accordance with the benefit terms.
Assumption Changes
There were no actuarial assumptions’ changes in the Public Employees Retirement Fund (PERF)
and the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund that impacted
the net pension liability.
The following actuarial assumption changes occurred for the 1925 Police Officers and 1937
Firefighters pension plans since the Prior Measurement Date.
84
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 19 – Pension Plans (Continued)
• Discount rate: The discount rate used for the December 31, 2019 valuation was 2.13%, as
directed by INPRS, based on the Barclay’s 20-year Municipal Bond Index as of December
31, 2019. This is a decrease from the 3.10% used for the December 31, 2018 valuation.
• Cost-of-living-adjustment (COLA): For converted members, the July 1, 2019 COLA was
updated from the ongoing valuation assumption of 2.0% to reflect the known increase of
1.6%. Beginning July 1, 2020 the assumption reverts back to the assumed annual rate of
2.0%. For non-converted members, there was no change from the rate of 2.5%.
Investment Policy
The 1925 Police Officers' Pension Plan and the 1937 Firefighters' Pension plan’s policy
in regard to the allocation of invested assets is established and may be amended by
the pension board by a majority vote of its members. It is the policy of the pensi on
board to pursue an investment strategy that manages risk through the prudent
diversification of the portfolio across a broad selection of distinct asset classes. The
pension plan’s investment policy discourages the use of cash equivalent s, except for
liquidity purposes, and aims to refrain from dramatically shifting asset class allocations
over short time spans. The following was the pension board’s adopted asset allocation
policy as of December 31, 2019:
Asset Class Allocation Target
Cash or cash equivalents 24%
Government agency securities 76%
Rate of Return
For the year ended December 31, 2019, the annual money-weighted rate of return on
pension plan investments, net of pension plan investment expense, was 1.75 percent. The
money-weighted rate of return expresses investment performance, net of investment
expense, adjusted for the changing amounts actually invested.
The total aggregate amounts, for all City plans, of employer’s pension liability, deferred outflows
of resources, deferred inflows of resources and pension expenditures for the period associated
with net pension liabilities is as follows:
Pension
Net Pension Expenses Deferred Deferred
Plan Description Liability (Income) Inflows Outflows
Public Employees' Retirement
Fund $ 19,576,553 $ 3,534,744 $ 3,086,780 $ 2,641,805
1977 Police Officers and
Firefighters Pension and
Disability Fund 311,680 10,700,760 9,396,016
8,407,814
1925 Police Officers' Pension
Plan
85,880,863
11,113,806
1,028
-
1937 Firefighters' Pension Plan
66,198,301
7,526,437
2,790
-
Total Aggregate Amounts $ 171,967,397 $ 32,875,747 $ 12,486,614 $ 11,049,619
85
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 20 – Pension Trust Fund
The following are condensed financial statements for the individual pension plans:
1925 Police
Pension 1937 Fire
Pension Total
Statement of Net Position
Cash and investments $ 698,148 $ 336,502 $ 1,034,650
Other assets 3,168 1,741 4,909
Liabilities (101) (70) (171)
Net position 701,215 338,173 1,039,388
Statement of Changes in Net Position: Investment income 18,102 9,432 27,534
Contributions 6,113,778 4,466,993 10,580,771
Benefit payments (6,365,546) (4,439,495) (10,805,041)
Other deductions (14,304) (14,309) (28,613)
Net change in net position $ (247,970) $ 22,621 $ (225,349)
Note 21 – Reporting Change and Prior Period Adjustment
The City made three prior period adjustments for the presentation of the year ended December 31,
2018.
First, during the current year, the City adopted GASB Statement 84, Fiduciary Activities. As a result,
the government-wide statements now include financial activities of two funds previously
recognized as private purpose trust funds, and now recognized as special revenue funds under
GASB 84 criteria. These two funds are the City Cemetery Fund and the Bowman Cemetery
Fund. The effect of these new standards was an increase of $4 85,158 in net position of
governmental activities as of January 1, 2019.
In addition, during the year, the City discovered two misstatements in the presentation of the
2018 financial statements:
• The City omitted two capital projects for parking garage improvements , which should have
been reported as construction in progress and were i nstead reported as expenses. This
misstatement had the effect of understating assets and overstating expenses in 2018 by
$1,105,815 on the 2018 CAFR.
• The City incorrectly reported the balance of loans receivable in the DCI Federal Grants
fund. This misstatement had the effect of understating assets and fund balance by $1,568.
The effect of these prior period adjustments is shown below:
Governmental
Activities
Business-type
Activities
Net position - December 31, 2018, as previously reported $ 158,108,149 $ 210,685,460
Adjustment for implementation of GASB Statement 84 485,158 -
Adjustment to correct 2018 activity in Governmental Activities-
DCI Federal Grants Fund 1,568 -
Adjustment to correct 2018 activity in Business-type Activities-
Parking Garage Fund - 1,105,815
Net position - December 31, 2018, as restated $ 158,594,875 $ 211,791,275
86
City of South Bend, Indiana
Notes to Financial Statements
December 31, 2019
Note 22 – Closure and Postclosure Care Cost
As of January 1, 2008, the City of South Bend's Biosolids Lagoon #4 site has been closed. The
City is required to maintain the one-acre site by monitoring methane and groundwater and maintain
the site (mowing, cover inspection, gas collection system inspection, cover repair, ditch
maintenance, etc.). The closure and postclosure care costs are reported as operating expenses,
as incurred. For the year ending December 31, 2019, the total expenses incurred were $10,163.25.
The remaining expected liability relating to postclosure costs is estimated at less than $250,000
and due to the minimal nature of these expenditures, is not included in the financial statements.
This estimate is subject to changes due to inflation or deflation, changes in technology, or changes
in applicable laws or regulations.
Note 23 – Tax Abatements
The City enters into property tax abatement agreements with local businesses and also for
qualifying residential construction under the City’s Municipal Code Chapter 2, Article 6, Tax
Abatements, created by Ordinance 7267-83. Under this Article, the City may grant property tax
abatements to a business located within or promising to relocate to the City for the purpose of
attracting or retaining the business and also for the purpose of encouraging residential construction
within economic development target areas.
For the fiscal year ended December 31, 2019, the City abated property taxes totaling $1,766,580
under this program. Two properties had property taxes abated that exceeded 10 percent of the total
amount. For these properties the taxes abated were $522,771 and $209,472.
87
Required Supplementary Information
88
City of South Bend, Indiana
Required Supplementary Information
1925 Police Officers’ Pension Plan Schedule of Investment Returns
Last Six Fiscal Years
Years Ended December 31
2019 2018 2017 2016 2015 2014
Annual money-weighted rate of return,
net of investment expense 1.75% 1.75% 0.80% 1.00% 0.80% 0.60%
Information is presented for the years available
89
City of South Bend, Indiana
Required Supplementary Information
1925 Police Officers’ Pension Plan Schedule of Contributions
Last Ten Fiscal Years
Years Ended December 31
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Actuarially determined
contribution $ 6,363,550 $6,161,954 $6,119,059 $ 6,133,389 $6,073,049 $6,432,800 $6,633,200 $6,986,200 $7,317,800 $6,673,100
Contributions in relation to
the actuarially determined
contribution 6,107,782 6,220,658 6,204,179 6,364,236 6,323,645 6,116,195 5,837,216 6,776,614 6,512,842 5,805,597
Contribution (Deficiency)
Excess $ (255,768) $ 58,704 $ 85,120 $ 230,847 $ 250,596 $ (316,605) $ (795,984) $ (209,586) $ (804,958) $ (867,503)
Covered Payroll $ - $ - $ - $ - $441,200 $441,200 $430,000 $421,800 $542,900 $569,500
Contributions as a
Percentage of Covered
Payroll 0.0% 0.0% 0.0% 0.0% 1433.3% 1386.3% 1357.5% 1606.6% 1199.6% 1019.4%
Notes to Schedule of Contributions
Actuarial valuation information relative to the determination of contributions:
Valuation date December 31, 2019
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age normal
Amortization method Level percent of payroll
Remaining amortization period 30 years
Asset valuation method Not applicable. Benefits are funded on a pay-as-you-go basis
Inflation 2.25% per year
Salary increase 2.50% per year
Investment rate of return 1.75% per year
Retirement age Non-converted - any age with 20 or more years of creditable service; Converted - age 52 with 20 or more years of creditable service
and no longer active
Mortality RP-2014 Blue Collar Mortality Tables with MP-2014 improvement removed, and with future mortality improvement projected
generational using future mortality improvement inherent in the Social Security Administration's 2014 Trustee report
Other information Cost of living increases of 2.50% per year in retirement for non-converted and 1.60% on July 1, 2019; 2.00% thereafter for converted
90
City of South Bend, Indiana
Required Supplementary Information
Schedule of Changes in the City Net Pension Liability and Related Ratios
1925 Police Officers’ Pension Plan
Last Six Fiscal Years
2019 2018 2017 2016 2015 2014
Total Pension Liability Service cost $ 84,969 $ 92,916 $ 78,812 $ 164,481 $ 184,104 $ 157,965
Interest 2,445,011 2,337,437 2,653,831 2,344,653 2,415,583 3,721,864
Experience (gains)/losses (561,561) 2,284,134 995,949 396,259 (2,973,249) -
Plan amendments 840,174 - - - - -
Changes in assumptions 7,449,252 (2,697,730) 3,926,922 (5,617,308) (294,402) 12,487,771
Projected benefit payments (6,112,665) (6,146,696) (6,045,097) (5,977,290) (6,061,589) (6,122,870)
Net Change in Total Pension Liability 4,145,180 (4,129,939) 1,610,417 (8,689,205) (6,729,553) 10,244,730
Total Pension Liability - Beginning of year 81,564,082 85,694,021 84,083,604 92,772,809 99,502,362 89,257,632
Total Pension Liability - End of year $ 85,709,262 $ 81,564,082 $ 85,694,021 $ 84,083,604 $ 92,772,809 $ 99,502,362
Plan Fiduciary Net Position Contributions - Other $ - $ - $ 13,544 $ 15,749 $ 62 $ 4,329
Contributions - Non-employer Entity 6,107,782 6,220,658 6,204,179 5,991,750 6,378,359 6,111,865
Net investment income 18,102 15,219 6,557 6,713 4,376 3,759
Administrative expenses (10,304) (10,054) (13,577) (13,551) (12,462) (10,957)
Benefit payments, including refunds (6,363,550) (6,161,954) (6,119,245) (6,364,236) (6,323,646) (6,705,815)
Net Change in Plan Fiduciary Net Position (247,970) 63,869 91,458 (363,575) 46,689 (596,819)
Plan Fiduciary Net Position - Beginning of year 949,185 885,316 793,858 1,157,433 1,110,743 1,707,562
Plan Fiduciary Net Position - End of year $ 701,215 $ 949,185 $ 885,316 $ 793,858 $ 1,157,432 $ 1,110,743
City's Net Pension Liability - Ending $85,008,047 $80,614,897 $84,808,705 $83,289,746 $ 1,615,377 $98,391,619
Plan Fiduciary Net Position as a % of Total Pension
Liability 0.82% 1.16% 1.03% 0.94% 1.25% 1.12%
Covered Payroll $ - $ - $ - $ - $441,200 $441,200
City's Net Pension Liability as a % of Covered Payroll - % - % - % - % 20765% 22301%
Information is presented for the years available
91
Required Supplementary Information
1937 Firefighters’ Pension Plan Schedule of Investment Returns
Last Six Fiscal Years
Years Ended December 31
2019 2018 2017 2016 2015 2014
Annual money-weighted rate of return,
net of investment expense 1.75% 1.75% 0.80% 1.00% 0.80% 0.60%
Information is presented for the years available
92
City of South Bend, Indiana
Required Supplementary Information
1937 Firefighters’ Pension Plan Schedule of Contributions
Last Ten Fiscal Years
Years Ended December 31
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Actuarially determined
contribution $4,439,496 $4,618,617 $4,727,592 $5,152,192 $4,977,042 $5,436,400 $5,550,900 $5,787,300 $6,399,700 $5,811,400
Contributions in relation to
the actuarially determined
contribution 4,462,993 4,472,469 4,920,712 5,165,758 5,197,158 5,130,581 5,051,319 5,208,570 5,503,742 5,172,146
Contribution (Deficiency)
Excess $23,497 $(146,148) $193,120 $13,566 $220,116 $(305,819) $(499,581) $(578,730) $(895,958) $(639,254)
Covered Payroll $- $- $- $- $328,600 $328,600 $319,300 $365,500 $397,100 $429,500
Contributions as a
Percentage of Covered
Payroll - % - % - % - % 1581.61% 1561.30% 1582.00% 1425.10% 1386.00% 1204.20%
Notes to Schedule of Contributions
Actuarial valuation information relative to the determination of contributions:
Valuation date December 31, 2019
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age normal
Amortization method Level percent of payroll
Remaining amortization period 30 years
Asset valuation method Not applicable. Benefits are funded on a pay-as-you-go basis
Inflation 2.25% per year
Salary increase 2.50% per year
Investment rate of return 1.75% per year
Retirement age Non-converted - any age with 20 or more years of creditable service; Converted - age 52 with 20 or more years of creditable service
and no longer active
Mortality RP-2014 Blue Collar Mortality Tables with MP-2014 improvement removed, and with furture mortality improvement projected generational using future mortality improvement inherent in the Social Security Administration's 2014 Trustee report
Other information Cost of living increases of 2.50% per year in retirement for non-converted and 1.60% on July 1, 2019; 2.00% thereafter for converted
93
City of South Bend, Indiana
Required Supplementary Information
Schedule of Changes in the City Net Pension Liability and Related Ratios
1937 Firefighters’ Pension Plan
Last Six Fiscal Years
2019 2018 2017 2016 2015 2014
Total Pension Liability Service cost $62,978 $98,529 $81,717 $163,162 $155,487 $114,297
Interest 1,865,607 1,815,032 2,124,050 1,940,826 2,020,796 3,155,669
Experience (gains)/losses (1,096,354) (482,208) (1,611,010) (262,337) (2,816,692) -
Plan amendments 941,442 - - - - -
Changes in assumptions 5,758,955 (2,105,211) 3,179,702 (4,645,609) (245,887) 9,620,657
Projected benefit payments (4,420,816) (4,572,612) (4,727,592) (4,980,991) (5,094,762) (5,206,870)
Net Change in Total Pension Liability 3,111,812 (5,246,470) (953,133) (7,784,949) (5,981,058) 7,683,753
Total Pension Liability - Beginning of year 63,424,661 68,671,131 69,624,264 77,409,213 83,390,271 75,706,518
Total Pension Liability - End of year $66,536,473 $63,424,661 $68,671,131 $69,624,264 $77,409,213 $83,390,271
Plan Fiduciary Net Position Contributions - Other $- $- $4,251 $6,279 $2,667 $1,484
Contributions - Non-employer Entity 4,462,993 4,472,469 4,920,712 4,866,271 5,039,025 5,129,098
Net investment income 9,432 7,596 3,352 2,852 2,675 1,963
Administrative expenses (10,309) (12,154) (14,771) (14,485) (14,255) (10,920)
Benefit payments, including refunds (4,439,496) (4,618,617) (4,614,480) (5,165,758) (5,197,159) (5,407,429)
Net Change in Plan Fiduciary Net Position 22,620 (150,706) 299,064 (304,841) (167,047) (285,804)
Plan Fiduciary Net Position - Beginning of year 315,552 466,258 167,194 472,035 639,081 924,885
Plan Fiduciary Net Position - End of year $338,172 $315,552 $466,258 $167,194 $472,034 $639,081
City's Net Pension Liability - Ending $66,198,301 $63,109,109 $68,204,873 $69,457,070 $76,937,179 $82,751,190
Plan Fiduciary Net Position as a % of Total Pension
Liability 0.51% 0.50% 0.68% 0.24% 0.61% 0.77%
Covered Payroll $ - $ - $ - $ - $328,600 $328,600
City's Net Pension Liability as a % of Covered Payroll - % - % - % - % 23414% 25183%
Information is presented for the years available
94
City of South Bend, Indiana
Required Supplementary Information
Schedule of City Contributions
Public Employees’ Retirement Fund
Last Five Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015
Actuarially determined contribution $ 3,534,744 $ 3,302,670 $ 5,307,308 $ 4,526,527 $ 3,650,212
Contributions in relation to the
actuarially determined contributions 3,401,818 3,309,216 3,219,677 2,933,996 2,982,234
Contribution Deficiency $ 132,926 $ (6,546) $ 2,087,631 $ 1,592,531 $ 667,978
Covered Payroll $30,860,389 $29,759,859 $28,768,543 $26,237,016 $26,681,229
Contributions as a Percentage of
Covered Payroll 11.0% 11.1% 11.2% 11.2% 11.2%
Information is presented for the years available
Notes to Schedule of Contributions
Actuarial valuation information relative to the determination of contributions:
Valuation date June 30, 2019
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age normal
Amortization method Level percent of payroll
Actuarial Amortization Period for
Unfunded Liability 20 years, closed
Remaining amortization period 24 years
Asset valuation method Actuarial Value of Assets is equal to a five-year smoothing of gains
and losses on the Fair Value of Assets subject to a 20% corridor
Inflation 2.25% per year
Salary increase 2.50% to 4.25% per year
Investment rate of return 6.75% per year, includes inflation and net of administrative and
investment expenses
Retirement age Normal retirement ages are age 65 and 10 years (eight years for
certain elected officials) of creditable service, age 60 and 15 years of
creditable service, and age 55 if age and creditable service total at
least 85 with early retirement at 50 with 15 years of service
Mortality RP-2014 (with MP-2014 improvement removed) Total Data Set
Mortality Table, with future mortality improvement projected
generationally using future mortality improvement inherent in the
Social Security Administration's 2014 Trustee report.
Other information In lieu of a COLA on January 1, 2020 and January 1, 2021, members
in pay were provided a 13th check on October 1, 2019 and October
1, 2020. Thereafter, the following COLAs, compounded annually,
were assumed:
.04% beginning on January 1, 2022
.05% beginning on January 1, 2034
.06% beginning on January 1, 2039
95
City of South Bend, Indiana
Required Supplementary Information
Schedule of the City’s Proportionate Share of the Net Pension Liability
Public Employees’ Retirement Fund
Last Six Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015 2014
City's proportion of the net pension liability (asset) 0.59232% 0.58323% 0.57988% 0.54700% 0.55700% 0.56300%
City's proportionate share of the net pension liability (asset) $ 19,576,553 $ 19,812,587 $ 25,871,598 $ 24,845,715 $ 22,687,694 $ 14,807,363
City's Covered Payroll $ 30,860,389 $ 29,759,859 $ 28,768,543 $ 26,237,016 $ 26,691,229 $ 27,509,916
City's Proportionate Share of the Net pension Liability (Asset)
as a Percentage of its Covered Payroll 63.44% 66.57% 89.93% 94.70% 85.00% 53.83%
Plan Fiduciary Net Position as a Percentage of Total Pension
Liability 80.1% 78.9% 76.6% 75.3% 77.3% 84.3%
Information is presented for the years available
96
City of South Bend, Indiana
Required Supplementary Information
Schedule of City Contributions
1977 Police Officers' Pension and Disability Fund
Last Five Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015
Actuarially determined contribution $5,137,820 $1,702,380 $2,143,623 $2,029,937 $709,017
Contributions in relation to the
actuarially determined contributions 2,517,402 2,433,268 2,600,280 2,673,614 2,625,418
Contribution Deficiency (2,620,418) 730,888 456,657 643,677 1,916,401
Covered Payroll $14,385,011 $13,896,923 $13,968,031 $13,571,531 $13,327,077
Contributions as a Percentage of
Covered Payroll 17.5% 17.5% 18.6% 19.7% 19.7%
Information is presented for the years available
Notes to Schedule of Contributions
Actuarial valuation information relative to the determination of contributions:
Valuation date June 30, 2019
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age normal
Amortization method Level percent of payroll
Actuarial Amortization Period for
Unfunded Liability
30 years, open
Remaining amortization period 30 years, open
Asset valuation method Actuarial Value of Assets is equal to a five-year smoothing of gains
and losses on the Market Value of Assets subject to a 20% corridor
Inflation 2.25% per year
Salary increase 2.50% per year
Investment rate of return 6.75% per year, includes inflation and net of administrative and
investment expenses
Retirement age Normal retirement is age 52 with 20 years of service; early retirement
is age 50 with 20 years of service (reduced benefit)
Mortality RP-2014 (with MP-2014 improvement removed) Blue Collar mortality
tables, with future mortality improvement projected generationally
using future mortality improvement inherent in the Social Security
Administration's 2014 Trustee report
Other information Cost of living increases of 2.0% per year, beginning July 1, 2020
97
City of South Bend, Indiana
Required Supplementary Information
Schedule of the City’s Proportionate Share of the Net Pension Liability
1977 Police Officers' Pension and Disability Fund
Last Six Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015 2014
City's proportion of the net pension liability (asset) 1.62738% 1.6501% 1.72294% 1.75600% 1.78700% 1.82900%
City's proportionate share of the net pension liability (asset) $149,979 $(1,450,622) $(265,770) $1,559,932 $(2,640,039) $(932,236)
City's Covered Payroll $14,385,011 $13,896,923 $13,968,031 $13,571,531 $13,327,077 $12,981,067
City's Proportionate Share of the Net pension Liability (Asset)
as a Percentage of its Covered Payroll 1.04% -10.44% -1.90% 11.49% (19.8)% (7.2)%
Plan Fiduciary Net Position as a Percentage of Total Pension
Liability 99.90% 101.50% 100.3% 98.2% 103.2% 101.1%
Information is presented for the years available
98
City of South Bend, Indiana
Required Supplementary Information
Schedule of City Contributions
1977 Firefighters’ Pension and Disability Fund
Last Five Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015
Actuarially determined contribution $ 5,562,940 $ 1,867,174 $ 2,232,482 $ 2,053,907 $ 743,238
Contributions in relation to the
actuarially determined contributions 2,714,233 2,634,358 2,677,560 2,673,917 2,666,116
Contribution Deficiency $ 2,848,707 $ (767,184) $ (445,078) $ (620,010) $ (1,922,878)
Covered Payroll 15,509,357 15,052,876 14,398,217 $ 13,588,032 $ 13,533,745
Contributions as a Percentage of
Covered Payroll 17.50% 17.50% 18.60% 19.68% 19.70%
Information is presented for the years available
Notes to Schedule of Contributions
Actuarial valuation information relative to the determination of contributions:
Valuation date June 30, 2019
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age normal
Amortization method Level percent of payroll
Actuarial Amortization Period for
Unfunded Liability
30 years, open
Remaining amortization period 30 years, open
Asset valuation method Actuarial Value of Assets is equal to a five-year smoothing of gains
and losses on the Market Value of Assets subject to a 20% corridor
Inflation 2.25% per year
Salary increase 2.50% per year
Investment rate of return 6.75% per year, includes inflation and net of administrative and
investment expenses
Retirement age Normal retirement is age 52 with 20 years of service; early retirement
is age 50 with 20 years of service (reduced benefit)
Mortality RP-2014 (with MP-2014 improvement removed) Blue Collar mortality
tables, with future mortality improvement projected generationally
using future mortality improvement inherent in the Social Security
Administration's 2014 Trustee report
Other information Cost of living increases of 2.0% per year, beginning July 1, 2020
99
City of South Bend, Indiana
Required Supplementary Information
Schedule of the City’s Proportionate Share of the Net Pension Liability
1977 Firefighters’ Pension and Disability Fund
Last Six Fiscal Years
Years Ended June 30
2019 2018 2017 2016 2015 2014
City's proportion of the net pension liability (asset) 1.75457% 1.78736% 1.77600% 1.75800% 1.81500% 1.79500%
City's proportionate share of the net pension liability (asset) $ 161,701 $ (1,571,289) $ (273,955) $ 1,561,833 $ (2,680,987) $ (915,265)
City's Covered Payroll $15,509,357 $15,052,876 $14,398,217 $13,588,032 $13,533,745 $12,744,754
City's Proportionate Share of the Net pension Liability (Asset)
as a Percentage of its Covered Payroll 1.04% -10.44% -1.90% 11.49% (19.8)% (7.2)%
Plan Fiduciary Net Position as a Percentage of Total Pension
Liability 99.90% 101.50% 100.3% 98.2% 103.2% 101.1%
Information is presented for the years available
100
City of South Bend, Indiana
Required Supplementary Information
Schedule of Changes in the City's Total OPEB Liability and Related Ratios
Last Two Fiscal Years
Years Ended December 31
2019 2018
Total OPEB liability
Service Cost $ 1,049,065 $ 1,489,465
Interest 981,132 1,026,964
Difference between expected and actual experience - 1,503,991
Changes of assumptions or other inputs - (8,795,897)
Benefit payments (774,470) (758,730)
Net change in total OPEB liability 1,255,727 (5,534,207)
Total OPEB Liability - beginning 23,206,087 28,740,294
Total OPEB Liability - ending $ 24,461,814 $ 23,206,087
Plan fiduciary net position - ending $ - $ -
Net OPEB Liability - ending $ 24,461,814 $ 23,206,087
Plan fiduciary net position as % of total OPEB liability 0% 0%
Covered Payroll $ 60,754,757 $ 58,876,762
Net OPEB liability as a % of covered payroll 40.3% 39.4%
Information is presented for the years available
101
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
General Fund
December 31, 2019
General Fund
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 41,142,970$ 41,142,970$ 42,705,987$ 1,563,017$
Licenses and permits 240,950 277,232 283,282 6,050
Intergovernmental 4,469,884 5,068,287 5,200,646 132,359
Charges for services 1,388,477 1,389,260 1,423,324 34,064
Fines and forfeitures 8,620 20,479 24,068 3,589
Investment income 300,000 720,000 906,676 186,676
Other 10,695,314 10,817,389 10,726,871 (90,518)
Total revenues 58,246,215 59,435,617 61,270,854 1,835,237
Expenditures:
Current:
General government:
Mayor:
Personnel services 743,094 744,494 719,047 25,447
Supplies 700 864 750 114
Other services and charges 150,721 329,391 324,609 4,782
City Clerk:
Personnel services 370,949 370,949 344,272 26,677
Supplies 6,800 14,013 11,385 2,628
Other services and charges 148,514 161,307 157,464 3,843
Common Council:
Personnel services 330,080 330,080 295,757 34,323
Supplies 6,375 6,465 2,874 3,591
Other services and charges 290,213 307,050 271,169 35,881
WNIT Contract:
Other services and charges 43,000 43,000 43,000 -
Administration/Finance:
Personnel services 2,213,161 2,183,161 2,122,128 61,033
Supplies 23,500 24,478 21,681 2,797
Other services and charges 333,602 364,912 342,768 22,144
Legal Department:
Personnel services 1,144,749 1,144,749 1,049,814 94,935
Supplies 3,450 3,450 1,968 1,482
Other services and charges 130,819 130,819 125,800 5,019
Human Rights:
Personnel services 278,118 260,908 147,533 113,375
Supplies 1,037 1,037 1,022 15
Other services and charges 106,551 110,051 108,743 1,308
Total general government 6,325,433 6,531,178 6,091,784 439,394
102
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
General Fund (Continuted)
December 31, 2019
General Fund
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Public safety:
Police Department:
Personnel services 23,448,744 23,160,744 22,493,452 667,292
Supplies 1,106,298 1,128,331 956,774 171,557
Other services and charges 6,699,472 7,042,944 6,509,173 533,771
Capital outlay - 102,885 102,885 -
Fire Department:
Personnel services 17,054,895 17,204,895 16,828,269 376,626
Supplies 615,422 673,053 625,899 47,154
Other services and charges 3,367,778 3,815,520 3,744,232 71,288
Total public safety 52,292,609 53,128,372 51,260,684 1,867,688
Highways and streets:
Engineering:
Personnel services 2,366,514 2,316,514 2,146,659 169,855
Supplies 24,450 43,952 13,689 30,263
Other services and charges 620,126 859,655 806,426 53,229
Capital outlay - - - -
Office of Sustainability:
Personnel services 126,074 126,074 107,643 18,431
Supplies 22,300 22,300 21,204 1,096
Other services and charges 130,441 130,441 94,341 36,100
Capital outlay - 50,000 50,000 -
AmeriCorps Program:
Personnel services 135,066 355,066 284,780 70,286
Supplies 56,590 128,757 47,887 80,870
Other services and charges 241,461 229,416 40,053 189,363
Total highways and streets 3,723,022 4,262,175 3,612,682 649,493
Culture and recreation:
Morris Performing Arts Center:
Personnel services 766,797 701,797 529,510 172,287
Supplies 23,600 38,830 33,118 5,712
Other services and charges 506,505 578,500 545,763 32,737
Capital outlay - 25,000 22,230 2,770
Palais Royale Ballroom:
Personnel services 162,026 162,026 138,282 23,744
Supplies 13,600 13,600 5,651 7,949
Other services and charges 270,561 290,806 223,309 67,497
Capital outlay 15,000 15,000 - 15,000
Total culture and recreation 1,758,089 1,825,559 1,497,863 327,696
Total expenditures 64,099,153 65,747,284 62,463,013 3,284,271
103
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
General Fund (Continuted)
December 31, 2019
General Fund
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Other Financing Sources (Uses):
Proceeds from sale of capital assets - 44,169 44,169 -
Transfers in 6,460,990 6,475,990 6,475,990 -
Transfers out (608,052) (608,052) (608,052) -
- (399,560) 4,719,948 5,119,508
38,944,317 38,944,317 38,944,317 -
38,944,317$ 38,544,757$ 43,664,265$ 5,119,508$
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
104
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
Major Special Revenue Funds
Parks and Recreation Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 9,680,317$ 9,680,317$ 10,048,047$ 367,730$
Intergovernmental 3,770,180 5,174,491 4,526,393 (648,098)
Charges for services 3,583,861 2,698,780 2,583,508 (115,272)
Investment income 30,996 126,000 140,690 14,690
Other 927,000 2,026,359 2,035,757 9,398
Total revenues 17,992,354 19,705,947 19,334,395 (371,552)
Expenditures:
Current:
Culture and recreation:
Personnel services 8,282,108 7,934,285 7,822,075 112,210
Supplies 1,462,641 1,613,196 1,350,221 262,975
Other services and charges 6,158,678 6,802,475 6,451,917 350,558
Capital outlay 4,473,205 9,394,146 9,387,819 6,327
Total expenditures 20,376,632 25,744,102 25,012,032 732,070
Other Financing Sources (Uses):
Proceeds from sale of capital assets - 8,160 8,160 -
Transfers in 400,000 410,867 410,867 -
(1,984,278) (5,619,128) (5,258,610) 360,518
8,298,306 8,298,306 8,298,306 -
6,314,028$ 2,679,178$ 3,039,696$ 360,518$
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
105
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
Major Special Revenue Funds (Continued)
Public Safety LOIT Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - County option income tax 8,560,555$ 9,205,130$ 9,205,130$ -$
Investment income 6,000 65,100 78,327 13,227
Total revenues 8,566,555 9,270,230 9,283,457 13,227
Expenditures:
Current:
Public safey:
8,566,555 8,566,555 7,982,259 584,296
- 703,675 1,301,198 597,523
1,958,708 1,958,708 1,958,708 -
1,958,708$ 2,662,383$ 3,259,906$ 597,523$
Personnel services
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
106
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
Major Special Revenue Funds (Continued)
COIT Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - County option income tax 12,148,294$ 12,879,847$ 12,879,847$ -$
Intergovernmental - 12,500 12,500 -
Investment income 95,000 296,750 348,410 51,660
Other 60,000 83,872 88,772 4,900
Total revenues 12,303,294 13,272,969 13,329,529 56,560
Expenditures:
Current:
General government:
Supplies 140,000 278,101 262,212 15,889
Other services and charges 7,823,965 11,527,421 11,246,195 281,226
Capital outlay 405,000 668,863 643,719 25,144
Total expenditures 8,368,965 12,474,385 12,152,126 322,259
Other Financing Sources (Uses):
Transfers in 830,000 927,077 927,077 -
Transfers out (4,764,329) (4,764,329) (4,764,329) -
- (3,038,668) (2,659,849) 378,819
11,799,456 11,799,456 11,799,456 -
11,799,456$ 8,760,788$ 9,139,607$ 378,819$
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
107
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
Major Special Revenue Funds (Continued)
EDIT Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - County economic development income tax 11,632,846$ 12,474,651$ 12,474,651$ -$
Fines and forfeitures 354,660 354,660 354,660 -
Investment income 140,000 393,400 463,996 70,596
Other 150,000 155,994 156,230 236
Total revenues 12,277,506 13,378,705 13,449,537 70,832
Expenditures:
Current:
General government:
Other services and charges 5,921,967 8,210,681 7,999,789 210,892
Capital outlay 525,000 665,000 514,954 150,046
Total expenditures 6,446,967 8,875,681 8,514,743 360,938
Other Financing Sources (Uses):
Proceeds from sale of capital assets - 1,907 4,395 2,488
Transfers in - 178,534 178,534 -
Transfers out (5,781,521) (5,827,521) (5,826,504) 1,017
49,018 (1,144,056) (708,781) 435,275
15,134,269 15,134,269 15,134,269 -
15,183,287$ 13,990,213$ 14,425,488$ 435,275$
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
108
City of South Bend, Indiana
Required Supplementary Information
Budgetary Comparison Schedules
Major Special Revenue Funds (Continued)
Rainy Day Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 160,000$ 246,000$ 289,770$ 43,770$
160,000 246,000 289,770 43,770
10,464,997 10,464,997 10,464,997 -
10,624,997$ 10,710,997$ 10,754,767$ 43,770$
Net change in fund balances
Fund balances - Beginning
Fund balances - Ending
109
City of South Bend, Indiana
Required Supplementary Information
Budget/GAAP Reconciliation
General Fund and Major Special Revenue Funds
December 31, 2019
The major difference between budgetary (Non-GAAP) basis and GAAP basis are as follows:
a. Revenues are recorded when received in cash (budgetary) as opposed to susceptible to accrual (GAAP).
b. Expenditures are recorded when paid in cash (budgetary) as opposed to when the liability is incurred (GAAP).
c. Encumbrances are recorded as expenditures for budgetary purposes when purchase orders are issued.
Adjustments necessary to convert the results of operations at the end of the year on a budgetary basis to a GAAP basis are as follows:
Parks and Public Safety
General Recreation LOIT COIT EDIT Rainy Day
Net change in fund balances (budgetary basis)4,719,948$ (5,258,610)$ 1,301,198$ (2,659,849)$ (708,781)$ 289,770$
Adjustments:
To adjust revenues for accruals 10,602,662 235,179 4,468 (44,225) 576,057 11,603
To adjust expenditures for accruals (11,473,644) (343,653) (155,266) 104,751 (423,121) -
To adjust expenditures for encumbrances 820,834 617,555 - 3,607,470 2,997,827 -
Net change in fund balances (GAAP basis)4,669,800$ (4,749,529)$ 1,150,400$ 1,008,147$ 2,441,982$ 301,373$
110
City of South Bend, Indiana
Notes to Required Supplementary Information
Note 1 – Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data reflected in the budgetary
comparison schedules:
A. After conferring with the Common Council President and several department heads, the
City Controller submits to the Common Council a proposed operating budget for the fiscal
year commencing the following January 1. The operating budget includes proposed
expenditures and the means of financing them.
B. Prior to adoption, the City advertises the budget and the Common Council holds public
hearings to obtain taxpayer comments. The Common Council may reduce, but not
increase, the budget from the advertised amounts.
C. No later than November 1 of each year, the budget for the next year is approved by the
Common Council through the passage of an ordinance.
D. Copies of the budget ordinance and advertisements for funds for which property taxes are
levied or highway use taxes are received are sent to the Indiana Department of Local
Government Finance for their review and approval. The budget becomes legally enacted
after the City Controller receives approval from the Indiana Department of Local
Government Finance. This approval is required by Indiana statute and ad valorem property
tax rates are to be set by February 15 of the year budgeted. The budget ordinance as
approved by the Indiana Department of Local Government Finance becomes the City's
expenditures budget. The City's maximum tax levy is restricted by Indiana law, with certain
adjustments and exceptions. If the advertised budget, for funds for which property taxes
are levied or for which highway use taxes are received, exceeds the spending and tax limits
of the state control laws, an excess levy can be granted by the Indiana Department of Local
Government Finance, upon appeal by the City.
E. The legal level of budgetary control (the level at which expenditures may not exceed
appropriations without the governing body’s approval) is by object classification for all funds
except for the General Fund, which is by object classification within each department. The
City’s management cannot transfer budgeted appropriations between object classifications
of a budget without approval of the Common Council. Any revisions that alter the total
appropriations for any fund or any department of the General Fund must be approved by
the Common Council and, in some instances, by the Indiana Department of Local
Government Finance. Formal budgetary integration is required by state statute and is
employed as a management control method.
F. Formal budgetary integration is required by State statute and is employed as a
management control device. An annual budget was legally adopted for the following funds:
Major governmental funds:
• General Fund
• Special Revenue Funds - Park and Recreation, Public Safety Local Option Income Tax
(LOIT), County Option Income Tax (COIT), Economic Development Income Tax
(EDIT), Rainy Day
• Capital Projects Fund - River West TIF
111
City of South Bend, Indiana
Notes to Required Supplementary Information
Note 1 – Budgets and Budgetary Accounting (Continued)
Nonmajor governmental funds:
• Special Revenue Funds - Motor Vehicle Highway, Studebaker Oliver Revitalization
Grants, Economic Development State Grants, DCI Operating, DCI Federal Grants,
Police State Seizure, Gift Donation Bequest, Police Curfew Violation, Unsafe Building,
Law Enforcement Continuing Education, Rental Units Regulation, Loss Recovery,
Code Enforcement, Local Road and Street, LOIT 2016 Special Distribution, Human
Rights Federal Grants, Local Road and Bridge Grant, MVH Restricted, Morris and
Palais Marketing, Morris PAC Self Promoted Events, Police Block Grants, Hazmat,
Indiana River Rescue, Regional Police Academy, COPS MORE Grant, Federal Drug
Enforcement, Urban Development Action Grant, Leaf Collection and Removal, Police
K-9 Unit, Morris/Palais Box Office, City Cemetery, Bowman Cemetery, Industrial
Revolving Fund.
• Debt Service Funds - 2017 Park Bond Debt Service, College Football Hall of Fame
Debt Service, Redevelopment Bond Airport Taxable, Coveleski Bond Debt Service
Reserve, Redevelopment Bond Palais Royale, Fire Station #9 Debt Service, 2018 TIF
Park Bond Debt Service Reserve, Century Center Energy Conservation Debt Service,
Redevelopment Authority Debt Service, South Bend Building Corporation Debt Service,
2015 Smart Streets Bond Debt Service, 2015 Park Bond Debt Service, 2017 Eddy St.
Commons Bond Debt Service
• Capital Projects Funds – 2019 South Shore Double Tracking Bond Capital,
Professional Sports Development, Coveleski Stadium Capital, Cumulative Capital
Development, Cumulative Capital Improvement, Major Moves, Morris Performing Arts
Center Capital, Redevelopment Retail Area (Leighton Plaza), Redevelopment General,
TIF – West Washington, TIF - River East Development, TIF - Southside Development
Area No. 1, TIF - Douglas Road, TIF - River East Residential, Certified Technology
Park, Palais Royale Historic Preservation, Airport Urban Enterprise Zone, 2018 Fire
Station #9 Bond Capital, 2018 TIF Park Bond Capital, 2018 Zoo Bond Capital, 2017
Park Bond Capital, Equipment Vehicle Leasing, 2015 Park Bond Capital, 2015 Smart
Streets Bond Capital, 2017 Eddy St. Commons Bond Capital
G. The City's budgetary process is based upon cash outflows, which is a non-GAAP basis.
Appropriations lapse with the expiration of the budgetary period unless encumbered by a
purchase order or contract. Encumbered appropriations are carried over and added to the
subsequent year's budget.
H. Budgeted amounts are as originally adopted, or as amended by the Common Council and
approved by the Indiana Department of Local Government Finance in the regular legal
manner. The net effect of individual amendments to the budget increased the original
appropriations by $68,190,937 in 2019 for the funds listed above.
I. Expenditures did not exceed appropriations for any funds or any departments within the
General Fund, the Parks and Recreation Fund, the Public Safety LOIT Fund, the COIT
Fund, the EDIT Fund, the Rainy Day Fund, or any other major or nonmajor governmental
fund which required legally approved budgets except for the Redevelopment Authority
Debt Service Fund and the Equipment Vehicle Leasing Fund. In 2019, these two funds
had small expenditure variances that resulted in slightly higher -than-expected
expenditures.
112
Other Supplemental Information
113
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Governmental Funds
Fund Descriptions
SPECIAL REVENUE FUNDS
Motor Vehicle Highway To account for street construction and the operations of the street maintenance
department. Financing is provided by state motor vehicle highway distributions.
Studebaker/Oliver
Revitalization Grants
To account for expenditures related to the Studebaker and Oliver revitalization
projects. Financing is provided by federal and state grants and loans from other
organizations.
Economic Development
State Grants
To account for expenditures related to projects promoting economic development.
Financing is provided by state grants and loan payments. Expenditures include
grants and related expenses.
DCI Operating To account for the operating expenditures related to the South Bend Department of
Community Investment (DCI). Financing will be provided by revenues received from
charges for services, other revenue sources, and from fund transfers.
DCI Federal Grants To account for revenues received from the U.S. Department of Housing and Urban
Development related to community improvement projects.
Police State Seizure To account for law enforcement expenditures financed by the authorized state or
local agencies' sale of confiscated property.
Gift Donation Bequest To account for donations, gifts, or bequeaths for purposes designated by the donor.
Police Curfew Violation To account for monies received from penalties paid for curfew violations.
Expenditures include Drug Abuse Resistance Education and Juvenile Aid Bureau.
Unsafe Building To receive fines and fees related to Indiana's Unsafe Building law and account for
the expenses incurred for board-ups, demolitions, ordinance violation abatements,
and other related services.
Law Enforcement
Continuing Education
To account for police fees collected to finance police officers' continuing education,
training, and supplies and equipment.
Rental Units Regulation To account for the revenues and expenditures related to the Landlord Registration
and the Rental Safety Verification Program (RSVP) ordinances enacted by the
Common Council.
Loss Recovery To account for compensatory or exemplary damage payments from third parties
arising from loss or damage to City tangible or intangible property.
Code Enforcement To account for the activity of the Department of Code Enforcement including
Neighborhood Code Enforcement and the South Bend Animal Resource Center.
Local Road and Street To account for operation and maintenance of local and arterial road and street
systems. Financing is provided by state gasoline tax distributions.
LOIT 2016 Special
Distribution
To account for a one-time, special distribution of local income taxes from the State of
Indiana for the purpose of infrastructure expenditures.
Human Rights Federal
Grants
To account for expenditures to prevent discrimination and to promote human rights.
Financing is provided by federal grants.
Local Road &
Bridge Grant
To account for the receipt of the Community Crossings grant and matching revenue
and for the payment of expenditures on eligible projects.
114
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Governmental Funds
Fund Descriptions
MVH Restricted To account for preventive maintenance of the City’s streets. Allowable costs related
to preventive maintenance is defined by the state. Financing is provided by state
motor vehicle highway distributions.
Morris and Palais
Marketing
To account for marketing and promotion expenditures financed by sponsorship
solicitations and donations.
Morris PAC
Self-Promoted Events
To account for earnings on self-promoted events.
Police Block Grants To account for federal grants which provide financing for police activities.
Hazmat To account for monies generated by the South Bend Fire Department's response to
hazardous materials incidents. Funds are used to purchase, repair, or replace
hazmat equipment, or for training and supplies.
Indiana River Rescue To account for expenditures related to river rescue training. Financing is provided by
registration fees.
Police Grants To account for federal grants which provide financing for police activities.
Regional Police
Academy
To account for revenues (tuition) and expenditures (seminars, travel, lectures, and
career days) related to the advancement of present and future police officers.
COPS MORE Grant To account for a grant which provides financing for police activities. The Community-
Oriented Policing Services (COPS) Office of the Department of Justice offers grants
through the Making Officer Redeployment Effective (MORE) program.
Federal Drug
Enforcement
To account for expenditures for drug enforcement. Financing is provided by
distributions from the authorized federal agencies' confiscated property sale.
Urban Development
Action Grant
To account for economic development expenditures which are financed by federal
grants and loan repayments.
Leaf Collection and
Removal
To account for the expenditures of a program to remove leaves from the City each
fall. Financing is provided by a monthly service fee charged to all City residents.
Police K-9 Unit To account for donations for development and maintenance of the K-9 unit.
Morris/Palais Box Office To account for Morris Performing Arts Center and Palais Royale event advance
deposits and related expenses
City Cemetery To account for expenditures specifically for the City Cemetery. Funding is provided
by the sale of cemetery plots and burial expenses.
Bowman Cemetery To account for the expenditures the City incurs in maintaining the Bowman Cemetery.
Industrial Revolving
Fund
To report and administer loan funds for small businesses that is governed by a
separate Board of Directors which contracts with the City's Community Investment
Department for administration services.
DEBT SERVICE FUNDS
2017 Park Bond Debt
Service
This fund is used to collect a separate property tax levy and is used to pay for the
semi-annual payment of debt service principal and interest to the bondholders of the
2017 Park District Bonds, Series A-K.
115
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Governmental Funds
Fund Descriptions
College Football Hall of
Fame Debt Service
To accumulate monies for the payment of Redevelopment Authority bonds issued to
refinance bonds issued for construction of the College Football Hall of Fame.
Financing is to be provided by an annual property tax levy
Redevelopment Bond
Airport Taxable
To accumulate monies as a reserve for the payment of Redevelopment Authority
bonds for the airport taxable project.
Coveleski Bond
Debt Service Reserve
To accumulate monies as a reserve for the payment of the Coveleski Stadium
recovery zone economic development bonds. Financing for debt payments is to be
provided by professional sports and convention development area taxes (PSCDA)
and county option income tax revenues if PSCDA revenues are insufficient.
Redevelopment Bond
Palais Royale
To accumulate monies as a reserve for the payment of Redevelopment Authority
bonds for the Palais Royale project.
2018 Fire Station 9 Bond
Debt Service
To accumulate monies received as debt service payments from the City and pass
them through to trustee banks and bondholders.
2018 TIF Park Bond
Debt Service Reserve
To account for assets held to satisfy bond covenant requirements.
Century Center Energy
Conservation Debt
Service
To account for debt retirement of a 2015 qualified energy conservation bond for
improvements at Century Center. Funding is provided by hotel/motel tax revenue,
interest rebates, and transfers from other City funds.
Redevelopment
Authority Debt Service
To accumulate monies for the payment of Redevelopment Authority bonds issued to
refinance bonds issued for construction of a parking garage facility, bonds issued for
central development area land acquisition and construction of public improvements,
bonds issued to purchase the Palais Royale, bonds issued to refinance bonds issued
for construction of Century Center improvements, and bonds issued to refinance
bonds issued for renovations to the Morris Performing Art Center.
South Bend Building
Corporation Debt
Service
To accumulate monies received as debt service payments from the City and pass
them through to trustee banks and bondholders.
2015 Smart Streets Bond
Debt Service
To accumulate monies as a reserve for the payment of Smart Streets Bonds related
to the conversion of one-way to two-way streets.
2015 Park Bond Debt
Service
To accumulate monies as a reserve for the payment of the 2015 Parks & Recreation
Bond debt service payments.
2017 Eddy St. Commons
Bond Debt Service
To accumulate monies as a reserve for the payment of the 2017 Eddy Street
Commons Phase II Bond debt service payments.
CAPITAL PROJECTS FUNDS
2019 South Shore
Double Tracking Bond
Capital
To account for the distribution of the proceeds from the 2019 South Shore Double
Tracking bond, which will be used along with other state and local funding to
contribute to a double tracking project with the Northern Indiana Commuter
Transportation District (NICTD).
Professional Sports
Development
To account for Professional Sports Development Tax revenues dedicated towards
debt service and improvements at Four Winds Field baseball stadium (formerly
known as Coveleski Stadium).
116
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Governmental Funds
Fund Descriptions
Coveleski Stadium
Capital
To account for expenditures related to the maintenance and improvement of the
baseball stadium. Financing is provided by a rental paid by the semi-pro baseball
team.
Cumulative Capital
Development
To account for expenditures relating to the purchase or lease of capital improvements
in the City. Financing is provided by a specific property tax levy.
Cumulative Capital
Improvement
To account for state cigarette tax distributions used for improvement projects.
Major Moves To account for state distributions used for road construction and other uses
authorized by Indiana statute.
Morris Performing Arts
Center Capital
To accumulate monies for major repairs and capital improvements to the Morris Civic
Auditorium. Financing is provided by a surcharge on ticket sales for events held at
the auditorium.
Redevelopment Retail
Area (Leighton Plaza)
To account for revenue from the rental of property in downtown South Bend to be
used for Leighton Plaza maintenance costs.
Redevelopment General To account for eligible redevelopment initiatives designed to improve educational
opportunities and address poverty and unemployment in the City. Financing is
provided by an annual payment in lieu of taxes from the Pokagon Band of Potawatomi
Indians and a small receipt of local income tax.
TIF – West Washington To account for expenditures for public improvement projects in the West Washington
Economic Development Area. Financing is provided by property tax proceeds in
excess of those attributable to the assessed value of the property in the district before
redevelopment.
TIF – River East
Development
To account for expenditures for improvements in the northeast development tax
incremental district. Financing is provided by property tax proceeds in excess of
those attributable to the assessed valuation of the property in the district before
redevelopment. During TIF consolidation in 2015, this fund was renamed. It was
formerly known as the TIF Northeast Development Fund.
TIF – Southside
Development Area No. 1
To account for expenditures for improvements in the Southside development tax
incremental district no. 1. Financing is provided by property tax proceeds in excess
of those attributable to the assessed valuation of the property in the district before
redevelopment.
TIF – Douglas Road To account for expenditures for improvements in the Douglas Road development tax
incremental district. Financing is provided by property tax proceeds in excess of
those attributable to the assessed valuation of the property in the district before
redevelopment.
TIF – River East
Residential
To account for expenditures for improvements in the Northeast Neighborhood
Residential development tax incremental district. Financing is provided by property
tax proceeds in excess of those attributable to the assessed valuation of the property
in the district before redevelopment. During TIF consolidation in 2015, this fund was
renamed. It was formerly known as the TIF Northeast Residential Fund.
Certified Technology
Park
To account for expenditures related to acquisition, improvements, construction and
maintenance of public facilities, debt service and other permitted uses under I.C. 36-
7-32-23 in connection with a certified technology park. Financing is provided by
property tax proceeds, state gross retail and uses taxes, and other revenues.
117
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Governmental Funds
Fund Descriptions
Palais Royale
Historic Preservation
To account for expenditures financed by a two percent fee charged for all Palais
Royale services.
Airport Urban Enterprise
Zone
To account expenditures for improvements in the Zone area, financed by property
taxes on qualifying properties in the Zone.
2018 Fire Station #9
Bond Capital
To account for the expenditures of bond funds relating to the General Obligation
Bonds, Series 2018 to be used for the construction of the new Fire Station #9 and
additional classroom for the Fire Training Center.
2018 TIF Park Bond
Capital
To account for the expenditures of bond funds relating to the Redevelopment District
Bonds, Series 2018 to be used for planned capital projects to improve the parks.
2018 Zoo Bond Capital To account for the expenditures of bond funds relating to the Economic Development
Revenue Bonds, Series 2018 to be used for the construction, expansion, renovation,
equipping, furnishing and improvement of the Potawatomi Zoo.
2017 Park Bond Capital To account for the expenditures of bond funds relating to the Park District Bonds,
Series 2017 A-K to be used for planned capital projects to improve the parks.
Equipment Vehicle
Leasing
To account for proceeds from capital lease-purchase agreements used to finance
major equipment needs of the City.
2015 Park Bond Capital To account for capital expenditures in the City parks with funding provided by a
Building Corporation bond.
2015 Smart Streets Bond
Capital
To account for capital expenditures in connection with the conversion of one-way
streets to two-way streets in the downtown area. Funding is provided by a
Redevelopment Authority bond.
2017 Eddy St. Commons
Bond Capital
To account for the expenditures of the bond proceeds from to be spent on Phase II
of the mixed-use development near the University of Notre Dame.
118
City of South Bend, IndianaCombining Balance SheetNonmajor Governmental FundsDecember 31, 2019Special Revenue FundsStudebakerOliver Economic DCI Gift PoliceMotor Vehicle Revitalization Development Federal Police State Donation CurfewHighwayGrantsState GrantsDCI OperatingGrantsSeizureBequestViolationAssetsCash and cash equivalents 1,419,483$ 278,143$ 58,389$ 302,950$ 305,248$ 71,322$ 179,761$ 3,859$ Investments 3,323,720 651,272 6,386 709,357 - 167,001 488,512 9,035 Receivables:Accounts 19,867 - 18,003 345 - - 32 - Interest 15,130 3,171 162 2,736 - 813 2,056 44 Intergovernmental 68,349 - - 7,622 123,340 - - - Loans - - 122,321 - 202,563 - - - Advances to other funds - 100,000 - - - - - - Property held for resale - 1 - - 2,288,072 - - - Restricted assets - - - - - - - - Total assets 4,846,549$ 1,032,587$ 205,261$ 1,023,010$ 2,919,223$ 239,136$ 670,361$ 12,938$ LiabilitiesAccounts payable 102,873$ 33,669$ 4,882$ 33,557$ 257,851$ -$ 12,313$ -$ Due to other funds 1,410 - - - 73,046 - - - Advances from other funds - - - - - - - - Performance deposits payable - - - - - - - - Accrued liabilities and other:Accrued payroll payable 140,951 - - 69,683 - - - - Other current payables - - - - 2,057 - - - Customer deposits - - - - - - - - Total liabilities 245,234 33,669 4,882 103,240 332,954 - 12,313 - Fund balancesNonspendable - - - - - - - - Restricted 4,601,315 998,918 200,379 - 2,586,269 239,136 658,048 - Committed - - - - - - - 12,938 Assigned - - - 919,770 - - - - Unassigned - - - - - - - - Total fund balances 4,601,315 998,918 200,379 919,770 2,586,269 239,136 658,048 12,938 Total liabilities and fund balances 4,846,549$ 1,032,587$ 205,261$ 1,023,010$ 2,919,223$ 239,136$ 670,361$ 12,938$ 119
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueLawEnforcement Rental LOIT 2016Unsafe Continuing Units Loss Recovery Code Local Road Special Human RightsBuildingEducationRegulationFundEnforcementand StreetDistributionFederal Grants276,269$ 126,074$ 5,334$ 181,197$ -$ 1,566,107$ 51,095$ 155,933$ 646,885 295,202 12,489 424,274 - 3,667,041 119,640 365,118 590 24,670 1,350 - - - - - 2,875 1,424 60 2,066 - 16,563 589 1,675 - - - - - - - 1,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 926,619$ 447,370$ 19,233$ 607,537$ -$ 5,249,711$ 171,324$ 523,726$ 14,600$ 38,520$ 1,974$ -$ -$ 44,244$ 37,234$ 1,724$ - - - - - - - - - - - - - - - - 13,565 - - - - - - - - - 3,892 - 57,852 - - 4,959 - - - - - - - - - - - - - - - - 28,165 38,520 5,866 - 57,852 44,244 37,234 6,683 - - - - - - - - - 408,850 - - - 5,205,467 134,090 517,043 898,454 - 13,367 607,537 - - - - - - - - - - - - - - - - (57,852) - - - 898,454 408,850 13,367 607,537 (57,852) 5,205,467 134,090 517,043 926,619$ 447,370$ 19,233$ 607,537$ -$ 5,249,711$ 171,324$ 523,726$ 120
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueMorris and Morris PACLocal Road and MVH Palais Self-Promoted Police Block Indiana River PoliceBridge GrantRestrictedMarketingEventsGrantsHazmatRescueGrants134,500$ 194,644$ 21,860$ 55,915$ 1,225$ 8,274$ 87,782$ 26,716$ 314,931 455,758 51,185 130,924 2,869 19,373 205,543 - - 3,325 - - - - - - 1,533 2,396 243 622 15 95 999 - - 68,349 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 450,964$ 724,472$ 73,288$ 187,461$ 4,109$ 27,742$ 294,324$ 26,716$ 80,354$ -$ -$ -$ -$ -$ 446$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 80,354 - - - - - 446 - - - - - - - - - 370,610 724,472 - - 4,109 - - 26,716 - - 73,288 187,461 - 27,742 293,878 - - - - - - - - - - - - - - - - - 370,610 724,472 73,288 187,461 4,109 27,742 293,878 26,716 450,964$ 724,472$ 73,288$ 187,461$ 4,109$ 27,742$ 294,324$ 26,716$ 121
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueUrbanRegional Police COPS MORE Federal Drug Development Leaf Collection Police Morris/Palais CityAcademyGrantEnforcementAction Grantand RemovalK-9 UnitBox OfficeCemetery35,458$ 50,707$ 113,551$ 16,111$ 119,163$ 717$ 3,065,972$ 8,897$ 83,024 118,732 - 37,726 279,020 1,678 - 20,833 750 150 - - 30,709 - - - 404 613 166 184 1,598 8 - 101 - 45,804 - - - - - - - - - 422,297 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 119,636$ 216,006$ 113,717$ 476,318$ 430,490$ 2,403$ 3,065,972$ 29,831$ -$ 140,372$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - 420,253 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,065,972 - - 140,372 - 420,253 - - 3,065,972 - - - - - - - - - - 75,634 113,717 56,065 - - - 29,831 119,636 - - - - - - - - - - - 430,490 2,403 - - - - - - - - - - 119,636 75,634 113,717 56,065 430,490 2,403 - 29,831 119,636$ 216,006$ 113,717$ 476,318$ 430,490$ 2,403$ 3,065,972$ 29,831$ 122
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueDebt Service FundsCollegeIndustrial Total Football Redevelopment Coveleski Bond RedevelopmentBowman Revolving Special Revenue 2017 Park Bond Hall of Fame Bond - Airport Debt Service Bond - PalaisCemeteryFundFundsDebt ServiceDebt ServiceTaxableReserveRoyale139,965$ 2,078,333$ 11,140,954$ 62,469$ -$ 312,108$ -$ 521,797$ 327,728 - 12,935,256 146,271 - 730,801 - 1,221,788 - - 99,791 - - - - - 1,577 - 59,918 358 - 3,560 - 5,953 - - 314,464 - - - - - - 5,004,351 5,751,532 - - - - - - - 100,000 - - - - - - 76,300 2,364,373 - - - - - - - - - - - - - 469,270$ 7,158,984$ 32,766,288$ 209,098$ -$ 1,046,469$ -$ 1,749,538$ -$ -$ 804,613$ -$ -$ -$ -$ -$ - - 74,456 - - - - - - - 420,253 - - - - - - - 13,565 - - - - - - - 277,337 - - - - - - - 2,057 - - - - - - - 3,065,972 - - - - - - - 4,658,253 - - - - - - - - - - - - - 469,270 7,158,984 24,578,923 209,098 - 1,046,469 - 1,749,538 - - 2,234,301 - - - - - - - 1,352,663 - - - - - - - (57,852) - - - - - 469,270 7,158,984 28,108,035 209,098 - 1,046,469 - 1,749,538 469,270$ 7,158,984$ 32,766,288$ 209,098$ -$ 1,046,469$ -$ 1,749,538$ 123
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Debt Service Funds20182018 TIF CenturySouth BendFire Station #9 Park Bond Center Energy Redevelopment Building 2015 Smart2017 Eddy St.Bond Debt Service Conservation Authority Corporation Streets Bond 2015 Park Bond Commons BondDebt ServiceReserveDebt ServiceDebt ServiceDebt ServiceDebt ServiceDebt ServiceDebt Service-$ 304,948$ 91,949$ 222,584$ 606,070$ 1,734,901$ 590,497$ 3,461,700$ - 714,036 97,459 - - - - - - - - - - - - - - 3,477 475 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ 1,022,461$ 189,883$ 222,584$ 606,070$ 1,734,901$ 590,497$ 3,461,700$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,022,461 189,883 222,584 606,070 1,734,901 590,497 3,461,700 - - - - - - - - - - - - - - - - - - - - - - - - - 1,022,461 189,883 222,584 606,070 1,734,901 590,497 3,461,700 -$ 1,022,461$ 189,883$ 222,584$ 606,070$ 1,734,901$ 590,497$ 3,461,700$ 124
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects Funds2019MorrisTotal South Shore Professional Coveleski Cumulative Cumulative PerformingDebt Service Double Tracking Sports Stadium Capital Capital Arts CenterFundsBond CapitalDevelopmentCapitalDevelopmentImprovementMajor MovesCapital7,909,023$ 29,819$ -$ 7,736$ 101,521$ 206,199$ 657,181$ 126,328$ 2,910,355 - - 18,114 156,696 482,816 1,538,791 295,797 - - - - - - - - 13,823 - - 91 550 2,150 7,499 1,427 - - - - - - - - - - - - - - - - - - - - - - 2,388,902 - - - - - - - - - - - - - - - - - 10,833,201$ 29,819$ -$ 25,941$ 258,767$ 691,165$ 4,592,373$ 423,552$ -$ -$ -$ -$ -$ -$ 11,932$ 90,472$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,932 90,472 - - - - - - - - 10,833,201 29,819 - - 258,767 691,165 4,580,441 - - - - 25,941 - - - 333,080 - - - - - - - - - - - - - - - - 10,833,201 29,819 - 25,941 258,767 691,165 4,580,441 333,080 10,833,201$ 29,819$ -$ 25,941$ 258,767$ 691,165$ 4,592,373$ 423,552$ 125
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects FundsRedevelopmentRetail Area TIF - Southside Certified(Leighton Redevelopment TIF - West TIF - River East Development TIF - Douglas TIF - River East TechnologyPlaza)GeneralWashingtonDevelopmentArea No. 1RoadResidentialPark-$ 441,991$ 308,790$ 2,458,601$ 2,875,294$ 56,204$ 1,109,351$ 3,281$ - 1,034,924 723,032 5,756,817 6,732,505 131,602 2,597,546 7,683 - - 300 - - - - - - 5,060 3,526 27,072 31,650 647 10,611 38 - - - - - - - - - - - - - - - - - - - - - - - - - - 436,000 12,950 - - - - - - - - - - - - -$ 1,481,975$ 1,471,648$ 8,255,440$ 9,639,449$ 188,453$ 3,717,508$ 11,002$ -$ 58,967$ 10,956$ 283,919$ 63,733$ 14,050$ -$ -$ - - - - - - - - - - - - - - 2,388,902 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 58,967 10,956 283,919 63,733 14,050 2,388,902 - - - - - - - - - - - 1,460,692 7,971,521 9,575,716 174,403 1,328,606 11,002 - 1,423,008 - - - - - - - - - - - - - - - - - - - - - - - 1,423,008 1,460,692 7,971,521 9,575,716 174,403 1,328,606 11,002 -$ 1,481,975$ 1,471,648$ 8,255,440$ 9,639,449$ 188,453$ 3,717,508$ 11,002$ 126
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects FundsPalais Royale Airport Urban 2018 Fire 2018 TIFEquipmentHistoric Enterprise Station #9 Park Bond 2018 Zoo Bond 2017 Park Vehicle 2015 ParkPreservationZoneBond CapitalCapitalCapitalBond CapitalLeasingBond Capital32,258$ 120,829$ 119,670$ 1,222,706$ 120,929$ 2,712,194$ 368,127$ -$ 75,533 282,921 280,207 2,862,967 - 6,350,604 1,423 - - - - - - - - - 368 1,378 1,365 14,252 - 30,939 7 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 108,159$ 405,128$ 401,242$ 4,099,925$ 120,929$ 9,093,737$ 369,557$ -$ 34,160$ -$ 221,841$ 1,217,113$ -$ 107,836$ 45,000$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 34,160 - 221,841 1,217,113 - 107,836 45,000 - - - - - - - - - - - 179,401 2,882,812 120,929 8,985,901 324,557 - 73,999 405,128 - - - - - - - - - - - - - - - - - - - - - - 73,999 405,128 179,401 2,882,812 120,929 8,985,901 324,557 - 108,159$ 405,128$ 401,242$ 4,099,925$ 120,929$ 9,093,737$ 369,557$ -$ 127
City of South Bend, IndianaAssetsCash and cash equivalentsInvestmentsReceivables:AccountsInterestIntergovernmentalLoansAdvances to other fundsProperty held for resaleRestricted assetsTotal assetsLiabilitiesAccounts payableDue to other fundsAdvances from other fundsPerformance deposits payableAccrued liabilities and other:Accrued payroll payableOther current payablesCustomer depositsTotal liabilitiesFund balancesNonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesCombining Balance Sheet (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects Funds2015 Smart 2017 Eddy St. Total Total NonmajorStreets Bond Commons Capital Projects GovernmentalCapitalBond CapitalFundsFunds-$ 3,048,191$ 16,127,200$ 35,177,177$ - - 29,329,978 45,175,589 - - 300 100,091 - - 138,630 212,371 - - - 314,464 - - - 5,751,532 - - 2,388,902 2,488,902 - - 448,950 2,813,323 - - - - -$ 3,048,191$ 48,433,960$ 92,033,449$ -$ -$ 2,159,979$ 2,964,592$ - - - 74,456 - - 2,388,902 2,809,155 - - - 13,565 - - - 277,337 - 25,564 25,564 27,621 - - - 3,065,972 - 25,564 4,574,445 9,232,698 - - - - - 3,022,627 41,598,359 77,010,483 - - 2,261,156 4,495,457 - - - 1,352,663 - - - (57,852) - 3,022,627 43,859,515 82,800,751 -$ 3,048,191$ 48,433,960$ 92,033,449$ 128
City of South Bend, IndianaCombining Statement of Revenue, Expenditures, and Changes in Fund BalancesNonmajor Governmental FundsDecember 31, 2019Special Revenue FundsStudebakerOliver Economic DCI Gift PoliceMotor Vehicle Revitalization Development Federal Police State Donation CurfewHighwayGrantsState GrantsDCI OperatingGrantsSeizureBequestViolationRevenueProperty taxes -$ -$ -$ -$ -$ -$ -$ -$ Income taxes - - - - - - - - Hotel/motel taxes - - - - - - - - Licenses and permits 3,150 - - - - - - - Intergovernmental 2,784,290 - - 434,000 2,153,384 - - - Charges for services 244,790 - - 197,245 - - - - Fines and forfeitures - - - - - - - 75 Investment income 167,617 25,760 2,794 18,188 - 6,624 16,042 372 Other revenue 170,534 - 22,934 4,182 473,888 5,227 654,299 - Total revenue 3,370,381 25,760 25,728 653,615 2,627,272 11,851 670,341 447 ExpendituresCurrent:General government - - - - - - 241,961 - Public safety - - - - - - - 623 Highways and streets 7,696,558 - - - - - - - Community and economic development - 148,744 58,581 2,794,025 2,615,216 - - - Culture and recreation - - - - - - - - Bond issuance costs - - - - - - - - Capital outlay - - - - - - - - Debt service:Principal 734,901 - 67,581 - - - - - Interest on long-term debt 45,227 - 4,429 - - - - - Total expenditures 8,476,686 148,744 130,591 2,794,025 2,615,216 - 241,961 623 Excess of revenue (under) over expenditures (5,106,305) (122,984) (104,863) (2,140,410) 12,056 11,851 428,380 (176) Other financing sources (uses)Issuance of debt - - - - - - - - Premium on debt - - - - - - - - Proceeds from sale of capital assets 10,511 - - - - - - - Transfers in 3,852,066 - - 2,350,633 - - 76,493 - Transfers out (2,500,000) - (230,000) - - - - - Total other financing sources (uses) 1,362,577 - (230,000) 2,350,633 - - 76,493 - Net change in fund balances(3,743,728) (122,984) (334,863) 210,223 12,056 11,851 504,873 (176) Fund balances - Beginning of year 8,345,043 1,121,902 535,242 709,547 2,574,213 227,285 153,175 13,114 Fund balances - End of year4,601,315$ 998,918$ 200,379$ 919,770$ 2,586,269$ 239,136$ 658,048$ 12,938$ 129
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueLawEnforcement RentalLOIT 2016Unsafe Continuing Units Loss Recovery Code Local Road Special Human RightsBuildingEducationRegulationFundEnforcementand StreetDistributionFederal Grants-$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,818,145 - 238,060 - 135,910 - - - - - - 260,491 112,492 8,725 - - - - - 19,288 11,418 375 17,284 - 137,592 10,787 12,982 2,298 16,337 - - - 35,438 92,453 312 282,077 276,157 9,100 17,284 - 1,991,175 103,240 251,354 - - - 37,311 - - - 192,546 591,828 256,548 5,867 - 57,852 - - - - - - - - 2,627,321 561,966 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 591,828 256,548 5,867 37,311 57,852 2,627,321 561,966 192,546 (309,751) 19,609 3,233 (20,027) (57,852) (636,146) (458,726) 58,808 - - - - - - - - - - - - - - - - - - - - - - - - 681,491 26,423 - - - 2,500,000 - - - - - - - (617,569) - (76,493) 681,491 26,423 - - - 1,882,431 - (76,493) 371,740 46,032 3,233 (20,027) (57,852) 1,246,285 (458,726) (17,685) 526,714 362,818 10,134 627,564 - 3,959,182 592,816 534,728 898,454$ 408,850$ 13,367$ 607,537$ (57,852)$ 5,205,467$ 134,090$ 517,043$ 130
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueMorris and Morris PACLocal Road and MVH Palais Self-Promoted Police Block Indiana River PoliceBridge GrantRestrictedMarketingEventsGrantsHazmatRescueGrants-$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - 553,253 3,277,400 - - - - - - - - 21,618 82,464 - 6,075 96,270 - - - - - - - - - 11,017 16,288 1,887 4,181 115 757 7,356 - - - - - - - 24,945 - 564,270 3,293,688 23,505 86,645 115 6,832 128,571 - - - - - - - - - - - - - - 1,457 25,394 - 1,077,210 2,569,216 - - - - - - - - - - - - - - - - 7,720 956 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,077,210 2,569,216 7,720 956 - 1,457 25,394 - (512,940) 724,472 15,785 85,689 115 5,375 103,177 - - - - - - - - - - - - - - - - - - - - - - - - - 553,253 - - - - - - - - - - - - - - - 553,253 - - - - - - - 40,313 724,472 15,785 85,689 115 5,375 103,177 - 330,297 - 57,503 101,772 3,994 22,367 190,701 26,716 370,610$ 724,472$ 73,288$ 187,461$ 4,109$ 27,742$ 293,878$ 26,716$ 131
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueUrbanRegional Police COPS MORE Federal Drug Development Leaf Collection Police Morris/Palais CityAcademyGrantEnforcementAction Grantand RemovalK-9 UnitBox OfficeCemetery-$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - 102,299 - - - - - - 24,276 - - - 447,563 - - - - 9,209 - - - - - - 3,208 4,935 3,015 916 15,907 66 - 833 175 3,049 - - 103 - - - 27,659 119,492 3,015 916 463,573 66 - 833 - - - - 108,548 - - - 6,597 232,037 43,499 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,597 232,037 43,499 - 108,548 - - - 21,062 (112,545) (40,484) 916 355,025 66 - 833 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (550,000) - - - - - - - (550,000) - - - 21,062 (112,545) (40,484) 916 (194,975) 66 - 833 98,574 188,179 154,201 55,149 625,465 2,337 - 28,998 119,636$ 75,634$ 113,717$ 56,065$ 430,490$ 2,403$ -$ 29,831$ 132
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Special RevenueDebt Service FundsCollegeIndustrial Total Football Redevelopment Coveleski Bond RedevelopmentBowman Revolving Special Revenue 2017 Park Bond Hall of Fame Bond - Airport Debt Service Bond - PalaisCemeteryFundFundsDebt ServiceDebt ServiceTaxableReserveRoyale-$ -$ -$ 1,166,972$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - 3,150 - - - - - - - 11,360,831 74,210 - - - - - - 1,256,211 - - - - - - - 390,992 - - - - - 13,110 - 530,714 1,413 27 29,596 742 49,482 - 293,958 1,800,132 - - - - - 13,110 293,958 15,342,030 1,242,595 27 29,596 742 49,482 - - 580,366 - - - - - - - 1,221,702 - - - - - - - 14,532,271 - - - - - - 119,441 5,736,007 - - - - - - - 8,676 - - - - - - - - - - - - - - - - - - - - - - - 802,482 770,000 - - - - - - 49,656 411,140 - - - - - 119,441 22,931,160 1,181,140 - - - - 13,110 174,517 (7,589,130) 61,455 27 29,596 742 49,482 - - - - - - - - - - - - - - - - - - 10,511 - - - - - - - 10,040,359 - - - - - - - (3,974,062) - (97,077) (23,303) (527,517) (38,958) - - 6,076,808 - (97,077) (23,303) (527,517) (38,958) 13,110 174,517 (1,512,322) 61,455 (97,050) 6,293 (526,775) 10,524 456,160 6,984,467 29,620,357 147,643 97,050 1,040,176 526,775 1,739,014 469,270$ 7,158,984$ 28,108,035$ 209,098$ -$ 1,046,469$ -$ 1,749,538$ 133
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Debt Service Funds20182018 TIF CenturySouth BendFire Station #9 Park Bond Center Energy Redevelopment Building 2015 Smart2017 Eddy St.Bond Debt Service Conservation Authority Corporation Streets Bond 2015 Park Bond Commons BondDebt ServiceReserveDebt ServiceDebt ServiceDebt ServiceDebt ServiceDebt ServiceDebt Service-$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - 235,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 28,611 4,391 6,383 15,014 4,630 3,527 8,792 - - 104,511 - - - - - - 28,611 343,902 6,383 15,014 4,630 3,527 8,792 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 170,000 - 280,090 1,725,000 1,864,355 970,000 220,000 50,000 151,706 - 135,333 1,136,669 285,434 742,019 162,731 1,248,125 321,706 - 415,423 2,861,669 2,149,789 1,712,019 382,731 1,298,125 (321,706) 28,611 (71,521) (2,855,286) (2,134,775) (1,707,389) (379,204) (1,289,333) - - - - - - - - - - - - - - - - - - - - - - - - 321,706 - 90,752 2,867,378 2,154,098 1,715,500 409,270 1,298,125 - - - - - - - - 321,706 - 90,752 2,867,378 2,154,098 1,715,500 409,270 1,298,125 - 28,611 19,231 12,092 19,323 8,111 30,066 8,792 - 993,850 170,652 210,492 586,747 1,726,790 560,431 3,452,908 -$ 1,022,461$ 189,883$ 222,584$ 606,070$ 1,734,901$ 590,497$ 3,461,700$ 134
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects Funds2019MorrisTotal South Shore Professional Coveleski Cumulative Cumulative PerformingDebt Service Double Tracking Sports Stadium Capital Capital Arts CenterFundsBond CapitalDevelopmentCapitalDevelopmentImprovementMajor MovesCapital1,166,972$ -$ -$ -$ 455,002$ -$ -$ -$ - - - - - - - - 235,000 - - - - - - - - - - - - - - - 74,210 - - - 40,353 231,026 - - - - - 23,125 - - - 82,464 - - - - - - - - 152,608 - 1,201 823 9,798 15,171 71,635 11,429 104,511 - 3,786 - - 25,000 191,660 575 1,733,301 - 4,987 23,948 505,153 271,197 263,295 94,468 - - - - - - - - - - - - - - - - - - - - - - 1,200,791 - - - - - - - - - - - - - - - - - - 293,022 - - - - - - - 9,125,000 - 71,468 693,881 28,000 - 139,397 6,049,445 - 345,000 - 498,598 - - - 4,273,157 - 8,970 - 40,678 - - - 10,322,602 9,418,022 353,970 71,468 1,233,157 28,000 1,200,791 139,397 (8,589,301) (9,418,022) (348,983) (47,520) (728,004) 243,197 (937,496) (44,929) - 7,985,000 - - 457,340 - - - - 1,462,841 - - - - - - - - - - - - - - 8,856,829 - 527,517 - - - - - (686,855) - (178,534) - - - - - 8,169,974 9,447,841 348,983 - 457,340 - - - (419,327) 29,819 - (47,520) (270,664) 243,197 (937,496) (44,929) 11,252,528 - - 73,461 529,431 447,968 5,517,937 378,009 10,833,201$ 29,819$ -$ 25,941$ 258,767$ 691,165$ 4,580,441$ 333,080$ 135
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects FundsRedevelopmentRetail Area TIF - Southside Certified(Leighton Redevelopment TIF - West TIF - River East Development TIF - Douglas TIF - River East TechnologyPlaza)GeneralWashingtonDevelopmentArea No. 1RoadResidentialPark-$ -$ 261,830$ 2,722,642$ 1,621,321$ -$ 4,933,558$ -$ - 84,095 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 147 26,953 42,109 256,066 259,010 5,623 56,982 10,770 - 1,177,112 18,800 6,725 - - - - 147 1,288,160 322,739 2,985,433 1,880,331 5,623 4,990,540 10,770 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 772 481,167 1,080,713 6,013,188 1,470,065 35,625 - 624,194 - - - - - - - - - - - - - - 102,306 - 772 481,167 1,080,713 6,013,188 1,470,065 35,625 102,306 624,194 (625) 806,993 (757,974) (3,027,755) 410,266 (30,002) 4,888,234 (613,424) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (7,820) - - - - - (3,769,003) - (7,820) - - - - - (3,769,003) - (8,445) 806,993 (757,974) (3,027,755) 410,266 (30,002) 1,119,231 (613,424) 8,445 616,015 2,218,666 10,999,276 9,165,450 204,405 209,375 624,426 -$ 1,423,008$ 1,460,692$ 7,971,521$ 9,575,716$ 174,403$ 1,328,606$ 11,002$ 136
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects FundsPalais Royale Airport Urban 2018 Fire 2018 TIFEquipmentHistoric Enterprise Station #9 Park Bond 2018 Zoo Bond 2017 Park Vehicle 2015 ParkPreservationZoneBond CapitalCapitalCapitalBond CapitalLeasingBond Capital-$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,558 - - - - - - - - - - - - - - - 3,062 11,337 40,470 203,216 22,488 304,376 2,367 840 - - - - - - - - 15,620 11,337 40,470 203,216 22,488 304,376 2,367 840 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 41,402 - 2,795,434 7,487,675 3,166,419 3,789,308 1,040,177 445,279 - - - - - - 91,941 - - - - - - - 9,173 - 41,402 - 2,795,434 7,487,675 3,166,419 3,789,308 1,141,291 445,279 (25,782) 11,337 (2,754,964) (7,284,459) (3,143,931) (3,484,932) (1,138,924) (444,439) - - - - - - 177,147 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (3,048) - - - - - - 177,147 (3,048) (25,782) 11,337 (2,754,964) (7,284,459) (3,143,931) (3,484,932) (961,777) (447,487) 99,781 393,791 2,934,365 10,167,271 3,264,860 12,470,833 1,286,334 447,487 73,999$ 405,128$ 179,401$ 2,882,812$ 120,929$ 8,985,901$ 324,557$ -$ 137
City of South Bend, IndianaRevenueProperty taxesIncome taxesHotel/motel taxesLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresInvestment incomeOther revenueTotal revenueExpendituresCurrent:General governmentPublic safetyHighways and streetsCommunity and economic developmentCulture and recreationBond issuance costsCapital outlayDebt service:PrincipalInterest on long-term debtTotal expendituresExcess of revenue (under) over expendituresOther financing sources (uses)Issuance of debtPremium on debtProceeds from sale of capital assetsTransfers inTransfers outTotal other financing sources (uses)Net change in fund balancesFund balances - Beginning of year Fund balances - End of yearCombining Statement of Revenue, Expenditures, and Changes in Fund Balances (Continued)Nonmajor Governmental FundsDecember 31, 2019Capital Projects Funds2015 Smart 2017 Eddy St. Total Total NonmajorStreets Bond Commons Capital Projects GovernmentalCapitalBond CapitalFundsFunds-$ -$ 9,994,353$ 11,161,325$ - - 84,095 84,095 - - - 235,000 - - - 3,150 - - 271,379 11,706,420 - - 118,147 1,374,358 - - - 390,992 124 66 1,356,063 2,039,385 - - 1,423,658 3,328,301 124 66 13,247,695 30,323,026 - - - 580,366 - - - 1,221,702 - - 1,200,791 15,733,062 - - - 5,736,007 - - - 8,676 - - 293,022 293,022 68,967 4,602,119 43,200,250 43,200,250 - - 935,539 7,787,466 - - 161,127 4,483,940 68,967 4,602,119 45,790,729 79,044,491 (68,843) (4,602,053) (32,543,034) (48,721,465) - - 8,619,487 8,619,487 - - 1,462,841 1,462,841 - - - 10,511 - - 527,517 19,424,705 - - (3,958,405) (8,619,322) - - 6,651,440 20,898,222 (68,843) (4,602,053) (25,891,594) (27,823,243) 68,843 7,624,680 69,751,109 110,623,994 -$ 3,022,627$ 43,859,515$ 82,800,751$ 138
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Major Governmental Funds
Capital Projects Funds - River West TIF
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 16,935,449$ 18,555,308$ 18,555,308$ -$
Intergovernmental 396,500 437,707 436,206 (1,501)
Charges for services - 1,080 2,160 1,080
Investment income 200,000 621,580 744,246 122,666
Other - 33,825 129,336 95,511
Total revenues 17,531,949 19,649,500 19,867,256 217,756
Expenditures:
Current:
Economic development:
Other services and charges 5,149,809 10,512,186 9,382,071 1,130,115
Capital outlay 8,589,173 28,711,747 14,850,069 13,861,678
Total expenditures 13,738,982 39,223,933 24,232,140 14,991,793
Other Financing Sources (Uses):
Transfers in 34,000 47,934 64,022 16,088
Transfers out (4,261,018) (4,266,098) (4,266,098) -
Net change in fund balances (434,051) (23,792,597) (8,566,960) 15,225,637
Fund balances - Beginning 31,738,300 31,738,300 31,738,300 -
Fund balances - Ending 31,304,249$ 7,945,703$ 23,171,340$ 15,225,637$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (8,566,960)$
To adjust revenues for accruals (1,021,824)
To adjust expenditures for accruals 335,654
To adjust expenditures for encumbrances 7,834,836
Net change in fund balance, GAAP basis (1,418,294)$
139
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
Special Revenue Funds - Motor Vehicle Highway
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 6,299,031$ 3,149,516$ 3,209,051$ 59,535$
Charges for services 228,245 243,410 253,301 9,891
Investment income 47,845 146,000 165,725 19,725
Other 143,232 169,815 170,022 207
Total revenues 6,718,353 3,711,891 3,801,249 89,358
Expenditures:
Current:
Highways and streets:
Personnel services 4,492,569 3,741,944 3,573,668 168,276
Supplies 2,934,307 1,967,927 1,683,034 284,893
Other services and charges 4,419,072 3,943,132 3,842,458 100,674
Capital outlay - 64,316 64,316 -
Total expenditures 11,845,948 9,717,319 9,163,476 553,843
Other Financing Sources (Uses):
Proceeds from sale of capital assets - 10,511 10,511 -
Transfers in 3,787,750 3,852,066 3,852,066 -
Transfers out (2,500,000) (2,500,000) (2,500,000) -
Net change in fund balances (3,839,845) (4,642,851) (3,999,650) 643,201
Fund balances - Beginning 8,012,501 8,012,501 8,012,501 -
Fund balances - Ending 4,172,656$ 3,369,650$ 4,012,851$ 643,201$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (3,999,650)$
To adjust revenues for accruals (430,870)
To adjust expenditures for accruals (40,958)
To adjust expenditures for encumbrances 727,750
Net change in fund balance, GAAP basis (3,743,728)$
140
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Studebaker Oliver Revitalization Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 10,000$ 25,000$ 24,778$ (222)$
Other 100,000 100,000 100,000 -
Total revenues 110,000 125,000 124,778 (222)
Expenditures:
Current:
Economic development:
Other services and charges 750,000 1,011,251 998,434 12,817
Net change in fund balances (640,000) (886,251) (873,656) 12,595
Fund balances - Beginning 956,464 956,464 956,464 -
Fund balances - Ending 316,464$ 70,213$ 82,808$ 12,595$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (873,656)$
To adjust revenues for accruals (99,018)
To adjust expenditures for accruals 1,226
To adjust expenditures for encumbrances 848,464
Net change in fund balance, GAAP basis (122,984)$
141
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Economic Development State Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental -$ 672,857$ -$ (672,857)$
Investment income 1,500 2,900 2,878 (22)
Other 72,011 72,011 72,010 (1)
Total revenues 73,511 747,768 74,888 (672,880)
Expenditures:
Current:
Economic development:
Other services and charges 72,011 825,868 189,172 636,696
Net change in fund balances (228,500) (308,100) (344,284) (36,184)
Fund balances - Beginning 345,693 345,693 345,693 -
Fund balances - Ending 117,193$ 37,593$ 1,409$ (36,184)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (344,284)$
To adjust revenues for accruals (49,160)
To adjust expenditures for accruals (4,882)
To adjust expenditures for encumbrances 63,463
Net change in fund balance, GAAP basis (334,863)$
142
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - DCI Operating
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 440,636$ 440,636$ 434,000$ (6,636)$
Charges for services 256,100 259,100 212,079 (47,021)
Fines and forfeitures 2,000 152 - (152)
Investment income 10,000 13,570 17,680 4,110
Other - 4,704 4,123 (581)
Total revenues 708,736 718,162 667,882 (50,280)
Expenditures:
Current:
Economic development:
Personnel services 2,315,613 2,130,613 2,021,736 108,877
Supplies 23,748 28,460 20,538 7,922
Other services and charges 720,008 993,593 962,139 31,454
Total expenditures 3,059,369 3,152,666 3,004,413 148,253
Other Financing Sources (Uses):
Transfers in 2,350,633 2,350,633 2,350,633 -
Net change in fund balances - (83,871) 14,102 97,973
Fund balances - Beginning 731,464 731,464 731,464 -
Fund balances - Ending 731,464$ 647,593$ 745,566$ 97,973$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 14,102$
To adjust revenues for accruals (14,268)
To adjust expenditures for accruals (58,290)
To adjust expenditures for encumbrances 268,679
Net change in fund balance, GAAP basis 210,223$
143
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - DCI Federal Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 2,711,000$ 7,744,914$ 2,030,043$ (5,714,871)$
Fines and forfeitures 1,000 1,000 30 (970)
Other 199,000 1,416,390 485,170 (931,220)
Total revenues 2,911,000 9,162,304 2,515,243 (6,647,061)
Expenditures:
Current:
Economic development:
Other services and charges 2,911,000 7,944,915 4,977,529 2,967,386
Net change in fund balances - 1,217,389 (2,462,286) (3,679,675)
Fund balances - Beginning 347,782 347,782 347,782 -
Fund balances - Ending 347,782$ 1,565,171$ (2,114,504)$ (3,679,675)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (2,462,286)$
To adjust revenues for accruals 112,029
To adjust expenditures for accruals (59,319)
To adjust expenditures for encumbrances 2,421,632
Net change in fund balance, GAAP basis 12,056$
144
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Police State Seizure
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 30,000$ 30,000$ 5,018$ (24,982)$
Investment income 2,000 5,390 6,364 974
Other - 310 310 -
Total revenues 32,000 35,700 11,692 (24,008)
Expenditures:
Current:
Public safety:
Other services and charges 32,000 32,000 - 32,000
Net change in fund balances - 3,700 11,692 7,992
Fund balances - Beginning 227,103 227,103 227,103 -
Fund balances - Ending 227,103$ 230,803$ 238,795$ 7,992$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 11,692$
To adjust revenues for accruals 159
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 11,851$
145
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Gift, Donation, Bequest
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 800$ 11,800$ 15,115$ 3,315$
Other 25,000 658,800 654,367 (4,433)
Total revenues 25,800 670,600 669,482 (1,118)
Expenditures:
Current:
General government:
Supplies 5,000 5,000 - 5,000
Other services and charges 42,500 625,592 576,242 49,350
Total expenditures 47,500 630,592 576,242 54,350
Other Financing Sources (Uses):
Transfers in - 76,493 76,493 -
Net change in fund balances (21,700) 116,501 169,733 53,232
Fund balances - Beginning 165,219 165,219 165,219 -
Fund balances - Ending 143,519$ 281,720$ 334,952$ 53,232$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 169,733$
To adjust revenues for accruals 860
To adjust expenditures for accruals (109)
To adjust expenditures for encumbrances 334,389
Net change in fund balance, GAAP basis 504,873$
146
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - DCI Federal Grants
December 31, 2019
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
Special Revenue Funds - Police Curfew Violation
#REF!
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Fines and forfeitures 200$ 200$ 75$ (125)$
Investment income 100 300 359 59
Total revenues 300 500 434 (66)
Expenditures:
Current:
Public safety:
Other services and charges 1,000 1,000 623 377
Net change in fund balances (700) (500) (189) 311
Fund balances - Beginning 13,109 13,109 13,109 -
Fund balances - Ending 12,409$ 12,609$ 12,920$ 311$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (189)$
To adjust revenues for accruals 13
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (176)$
147
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Unsafe Building
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Fines and forfeitures 180,200$ 275,987$ 263,172$ (12,815)$
Investment income 1,000 14,600 18,352 3,752
Other - 2,298 2,298 -
Total revenues 181,200 292,885 283,822 (9,063)
Expenditures:
Current:
Public safety:
Personnel services 271,847 281,847 243,732 38,115
Supplies 26,450 46,450 30,337 16,113
Other services and charges 564,394 690,560 338,792 351,768
Capital outlay - 24,580 24,580 -
Total expenditures 862,691 1,043,437 637,441 405,996
Other Financing Sources (Uses):
Transfers in 681,491 681,491 681,491 -
Net change in fund balances - (69,061) 327,872 396,933
Fund balances - Beginning 544,556 544,556 544,556 -
Fund balances - Ending 544,556$ 475,495$ 872,428$ 396,933$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 327,872$
To adjust revenues for accruals (1,745)
To adjust expenditures for accruals 718
To adjust expenditures for encumbrances 44,895
Net change in fund balance, GAAP basis 371,740$
148
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Law Enforcement Continuing Education
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 140,000$ 152,292$ 135,148$ (17,144)$
Fines and forfeitures 116,000 118,025 103,233 (14,792)
Investment income 5,000 9,300 11,017 1,717
Other 20,500 55,093 38,661 (16,432)
Total revenues 281,500 334,710 288,059 (46,651)
Expenditures:
Current:
Public safety:
Supplies 190,500 295,556 209,754 85,802
Other services and charges 220,000 221,990 152,293 69,697
Total expenditures 410,500 517,546 362,047 155,499
Net change in fund balances (129,000) (182,836) (73,988) 108,848
Fund balances - Beginning 446,232 446,232 446,232 -
Fund balances - Ending 317,232$ 263,396$ 372,244$ 108,848$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (73,988)$
To adjust revenues for accruals 14,521
To adjust expenditures for accruals 55,622
To adjust expenditures for encumbrances 49,877
Net change in fund balance, GAAP basis 46,032$
149
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Rental Units Regulation
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Fines and forfeitures 1,000$ 7,375$ 7,375$ -$
Investment income - 275 351 76
Total revenues 1,000 7,650 7,726 76
Expenditures:
Current:
Public safety:
Other services and charges 500 500 - 500
Net change in fund balances 500 7,150 7,726 576
Fund balances - Beginning 10,130 10,130 10,130 -
Fund balances - Ending 10,630$ 17,280$ 17,856$ 576$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 7,726$
To adjust revenues for accruals 1,373
To adjust expenditures for accruals (5,866)
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 3,233$
150
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Loss Recovery
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 4,000$ 14,200$ 16,668$ 2,468$
Expenditures:
Current:
General government:
Other services and charges 225,000 270,097 237,311 32,786
Capital outlay - 2,409 - 2,409
Total expenditures 225,000 272,506 237,311 35,195
Net change in fund balances (221,000) (258,306) (220,643) 37,663
Fund balances - Beginning 627,325 627,325 627,325 -
Fund balances - Ending 406,325$ 369,019$ 406,682$ 37,663$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (220,643)$
To adjust revenues for accruals 616
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 200,000
Net change in fund balance, GAAP basis (20,027)$
151
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Local Road and Street
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 2,015,689$ 2,015,689$ 1,975,599$ (40,090)$
Investment income 30,000 111,300 132,553 21,253
Other - 38,377 38,375 (2)
Total revenues 2,045,689 2,165,366 2,146,527 (18,839)
Expenditures:
Current:
Highways and streets:
Supplies 250,000 339,675 92,522 247,153
Other services and charges 1,330,000 1,806,926 1,477,613 329,313
Capital outlay 3,550,000 4,348,109 3,937,801 410,308
Total expenditures 5,130,000 6,494,710 5,507,936 986,774
Other Financing Sources (Uses):
Transfers in 2,500,000 2,500,000 2,500,000 -
Transfers out (600,000) (664,316) (617,569) 46,747
Net change in fund balances (1,184,311) (2,493,660) (1,478,978) 1,014,682
Fund balances - Beginning 3,929,500 3,929,500 3,929,500 -
Fund balances - Ending 2,745,189$ 1,435,840$ 2,450,522$ 1,014,682$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (1,478,978)$
To adjust revenues for accruals (155,352)
To adjust expenditures for accruals 87,932
To adjust expenditures for encumbrances 2,792,683
Net change in fund balance, GAAP basis 1,246,285$
152
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - LOIT 2016 Special Distribution
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 215,000$ 215,000$ -$ (215,000)$
Investment income 12,500 10,229 10,922 693
Other - 92,453 92,453 -
Total revenues 227,500 317,682 103,375 (214,307)
Expenditures:
Current:
Highways and streets:
Other services and charges 65,000 322,319 281,329 40,990
Capital outlay - 578,944 574,253 4,691
Total expenditures 65,000 901,263 855,582 45,681
Net change in fund balances 162,500 (583,581) (752,207) (168,626)
Fund balances - Beginning 759,357 759,357 759,357 -
Fund balances - Ending 921,857$ 175,776$ 7,150$ (168,626)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (752,207)$
To adjust revenues for accruals (134)
To adjust expenditures for accruals 129,528
To adjust expenditures for encumbrances 164,087
Net change in fund balance, GAAP basis (458,726)$
153
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Human Rights Federal Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 145,000$ 145,000$ 247,060$ 102,060$
Investment income 2,000 10,360 12,491 2,131
Other 20,400 20,400 312 (20,088)
Total revenues 167,400 175,760 259,863 84,103
Expenditures:
Current:
General government:
Personnel services 150,088 160,248 154,296 5,952
Supplies 2,000 2,000 1,330 670
Other services and charges 82,900 128,450 63,401 65,049
Total expenditures 234,988 290,698 219,027 71,671
Other Financing Sources (Uses):
Transfers out - (76,493) (76,493) -
Net change in fund balances (67,588) (191,431) (35,657) 155,774
Fund balances - Beginning 529,536 529,536 529,536 -
Fund balances - Ending 461,948$ 338,105$ 493,879$ 155,774$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (35,657)$
To adjust revenues for accruals (8,510)
To adjust expenditures for accruals (1,710)
To adjust expenditures for encumbrances 28,192
Net change in fund balance, GAAP basis (17,685)$
154
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Local Road and Bridge Grant
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 600,000$ 600,000$ 553,253$ (46,747)$
Investment income - 8,600 10,466 1,866
Total revenues 600,000 608,600 563,719 (44,881)
Expenditures:
Current:
Highways and streets:
Other services and charges 1,200,000 2,064,741 1,971,197 93,544
Other Financing Sources (Uses):
Transfers in 600,000 1,340,000 553,253 (786,747)
Net change in fund balances - (116,141) (854,225) (738,084)
Fund balances - Beginning 330,177 330,177 330,177 -
Fund balances - Ending 330,177$ 214,036$ (524,048)$ (738,084)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (854,225)$
To adjust revenues for accruals 551
To adjust expenditures for accruals (80,354)
To adjust expenditures for encumbrances 974,341
Net change in fund balance, GAAP basis 40,313$
155
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - MVH Restricted
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental -$ 3,149,515$ 3,209,051$ 59,536$
Investment income - 12,350 15,007 2,657
Total revenues - 3,161,865 3,224,058 62,193
Expenditures:
Current:
Highways and streets:
Personnel services - 750,625 438,746 311,879
Supplies - 1,565,690 1,385,227 180,463
Other services and charges - 848,908 774,629 74,279
Total expenditures - 3,165,223 2,598,602 566,621
Net change in fund balances - (3,358) 625,456 628,814
Fund balances - Beginning - - - -
Fund balances - Ending -$ (3,358)$ 625,456$ 628,814$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 625,456$
To adjust revenues for accruals 69,630
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 29,386
Net change in fund balance, GAAP basis 724,472$
156
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Morris and Palais Marketing
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 15,000$ 21,600$ 21,618$ 18$
Investment income 800 1,500 1,802 302
Total revenues 15,800 23,100 23,420 320
Expenditures:
Current:
Culture and recreation:
Other services and charges 30,000 30,000 18,536 11,464
Net change in fund balances (14,200) (6,900) 4,884 11,784
Fund balances - Beginning 57,485 57,485 57,485 -
Fund balances - Ending 43,285$ 50,585$ 62,369$ 11,784$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 4,884$
To adjust revenues for accruals 85
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 10,816
Net change in fund balance, GAAP basis 15,785$
157
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Morris PAC Self-Promotion
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 125,000$ 124,625$ 82,464$ (42,161)$
Investment income 400 3,175 3,934 759
Total revenues 125,400 127,800 86,398 (41,402)
Expenditures:
Current:
Culture and recreation:
Other services and charges 75,000 75,000 956 74,044
Net change in fund balances 50,400 52,800 85,442 32,642
Fund balances - Beginning 101,746 101,746 101,746 -
Fund balances - Ending 152,146$ 154,546$ 187,188$ 32,642$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 85,442$
To adjust revenues for accruals 247
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 85,689$
158
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Police Block Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 35$ 90$ 111$ 21$
Net change in fund balances 35 90 111 21
Fund balances - Beginning 3,992 3,992 3,992 -
Fund balances - Ending 4,027$ 4,082$ 4,103$ 21$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 111$
To adjust revenues for accruals 4
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 115$
159
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Hazmat
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 10,000$ 10,000$ 9,350$ (650)$
Investment income 200 600 721 121
Total revenues 10,200 10,600 10,071 (529)
Expenditures:
Current:
Public safety:
Supplies 10,000 10,472 1,457 9,015
Net change in fund balances 200 128 8,614 8,486
Fund balances - Beginning 19,085 19,085 19,085 -
Fund balances - Ending 19,285$ 19,213$ 27,699$ 8,486$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 8,614$
To adjust revenues for accruals (3,239)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 5,375$
160
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Indiana River Rescue
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 72,000$ 111,870$ 111,870$ -$
Investment income 500 5,800 6,998 1,198
Other - 24,945 24,945 -
Total revenues 72,500 142,615 143,813 1,198
Expenditures:
Current:
Public safety:
Personnel services 15,500 15,500 462 15,038
Supplies 18,800 43,745 13,695 30,050
Other services and charges 68,500 76,020 20,206 55,814
Total expenditures 102,800 135,265 34,363 100,902
Net change in fund balances (30,300) 7,350 109,450 102,100
Fund balances - Beginning 181,646 181,646 181,646 -
Fund balances - Ending 151,346$ 188,996$ 291,096$ 102,100$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 109,450$
To adjust revenues for accruals (15,242)
To adjust expenditures for accruals 6,187
To adjust expenditures for encumbrances 2,782
Net change in fund balance, GAAP basis 103,177$
161
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Police Grants
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Expenditures:
Current:
Public safety:
Other services and charges -$ -$ -$ -$
Net change in fund balances - - - -
Fund balances - Beginning 26,716 26,716 26,716 -
Fund balances - Ending 26,716$ 26,716$ 26,716$ -$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis -$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis -$
162
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Regional Police Academy
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 20,000$ 23,525$ 23,525$ -$
Investment income 500 2,580 3,069 489
Other 2,000 175 175 -
Total revenues 22,500 26,280 26,769 489
Expenditures:
Current:
Public safety:
Supplies 1,500 1,500 - 1,500
Other services and charges 21,000 21,000 6,737 14,263
Total expenditures 22,500 22,500 6,737 15,763
Net change in fund balances - 3,780 20,032 16,252
Fund balances - Beginning 98,680 98,680 98,680 -
Fund balances - Ending 98,680$ 102,460$ 118,712$ 16,252$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 20,032$
To adjust revenues for accruals 890
To adjust expenditures for accruals 140
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 21,062$
163
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - COPS MORE Grant
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 53,750$ 224,489$ 56,495$ (167,994)$
Fines and forfeitures 10,000 10,000 9,219 (781)
Investment income 500 4,030 4,724 694
Other 27,750 29,800 7,047 (22,753)
Total revenues 92,000 268,319 77,485 (190,834)
Expenditures:
Current:
Public safety:
Supplies 47,000 168,554 148,623 19,931
Other services and charges 45,000 58,350 44,922 13,428
Capital outlay - 80,000 59,313 20,687
Total expenditures 92,000 306,904 252,858 54,046
Net change in fund balances - (38,585) (175,373) (136,788)
Fund balances - Beginning 202,528 202,528 202,528 -
Fund balances - Ending 202,528$ 163,943$ 27,155$ (136,788)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (175,373)$
To adjust revenues for accruals 42,008
To adjust expenditures for accruals (121,810)
To adjust expenditures for encumbrances 142,630
Net change in fund balance, GAAP basis (112,545)$
164
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Federal Drug Enforcement
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 50,000$ 50,000$ -$ (50,000)$
Investment income 1,000 3,130 4,055 925
Total revenues 51,000 53,130 4,055 (49,075)
Expenditures:
Current:
Public safety:
Supplies 6,000 6,000 - 6,000
Capital outlay 45,000 45,000 43,499 1,501
Total expenditures 51,000 51,000 43,499 7,501
Net change in fund balances - 2,130 (39,444) (41,574)
Fund balances - Beginning 153,920 153,920 153,920 -
Fund balances - Ending 153,920$ 156,050$ 114,476$ (41,574)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (39,444)$
To adjust revenues for accruals (1,040)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (40,484)$
165
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Urban Development Action Grant
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 1,000$ 625$ 844$ 219$
Other 45,240 45,240 84,104 38,864
Total revenues 46,240 45,865 84,948 39,083
Expenditures:
Current:
Economic development:
Other services and charges 60,000 60,000 60,000 -
Net change in fund balances (13,760) (14,135) 24,948 39,083
Fund balances - Beginning 28,990 28,990 28,990 -
Fund balances - Ending 15,230$ 14,855$ 53,938$ 39,083$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 24,948$
To adjust revenues for accruals (84,032)
To adjust expenditures for accruals 60,000
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 916$
166
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Leaf Collection and Removal
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 447,139$ 447,139$ 447,563$ 424$
Investment income 7,350 13,750 15,370 1,620
Other - - 103 103
Total revenues 454,489 460,889 463,036 2,147
Expenditures:
Current:
Highways and streets:
Personnel services 78,219 78,219 66,057 12,162
Other services and charges 46,743 46,743 43,662 3,081
Total expenditures 124,962 124,962 109,719 15,243
Other Financing Sources (Uses):
Transfers out (550,000) (550,000) (550,000) -
Net change in fund balances (220,473) (214,073) (196,683) 17,390
Fund balances - Beginning 594,755 594,755 594,755 -
Fund balances - Ending 374,282$ 380,682$ 398,072$ 17,390$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (196,683)$
To adjust revenues for accruals 536
To adjust expenditures for accruals 1,172
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (194,975)$
167
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Police K-9 Unit
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 20$ 60$ 65$ 5$
Other 2,000 2,000 - (2,000)
Total revenues 2,020 2,060 65 (1,995)
Expenditures:
Current:
Public safety:
Other services and charges 2,020 2,020 - 2,020
Net change in fund balances - 40 65 25
Fund balances - Beginning 2,335 2,335 2,335 -
Fund balances - Ending 2,335$ 2,375$ 2,400$ 25$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 65$
To adjust revenues for accruals 1
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 66$
168
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - City Cemetery
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 250$ 680$ 923$ 243$
Net change in fund balances 250 680 923 243
Fund balances - Beginning 28,987 28,987 28,987 -
Fund balances - Ending 29,237$ 29,667$ 29,910$ 243$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 923$
To adjust revenues for accruals (90)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 833$
169
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Bowman Cemetery
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 10,720$ 14,521$ 3,801$
Net change in fund balances - 10,720 14,521 3,801
Fund balances - Beginning 455,998 455,998 455,998 -
Fund balances - Ending 455,998$ 466,718$ 470,519$ 3,801$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 14,521$
To adjust revenues for accruals (1,411)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 13,110$
170
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Special Revenue Funds - Industrial Revolving Fund
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Other 210,000$ 232,680$ 293,958$ 61,278$
Total revenues 210,000 232,680 293,958 61,278
Expenditures:
Current:
Economic development:
Other services and charges 157,000 157,000 119,441 37,559
Net change in fund balances 53,000 75,680 174,517 98,837
Fund balances - Beginning 1,632,491 1,632,491 1,632,491 -
Fund balances - Ending 1,685,491$ 1,708,171$ 1,807,008$ 98,837$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 174,517$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 174,517$
171
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2017 Park Bond Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 1,077,000$ 1,077,000$ 1,166,972$ 89,972$
Intergovernmental 41,404 74,209 74,210 1
Investment income 1,000 565 1,413 848
Total revenues 1,119,404 1,151,774 1,242,595 90,821
Expenditures:
Current:
Debt service:
Other services and charges 1,181,143 1,181,143 1,181,140 3
Net change in fund balances (61,739) (29,369) 61,455 90,824
Fund balances - Beginning 147,684 147,684 147,684 -
Fund balances - Ending 85,945$ 118,315$ 209,139$ 90,824$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 61,455$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 61,455$
172
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - College Football Hall of Fame Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 27$ 27$ -$
Other Financing Sources (Uses):
Transfers out - (97,077) (97,077) -
Net change in fund balances - (97,050) (97,050) -
Fund balances - Beginning 97,077 97,077 97,077 -
Fund balances - Ending 97,077$ 27$ 27$ -$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (97,050)$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (97,050)$
173
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - Redevelopment Bond - Airport Taxable
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 14,000$ 26,000$ 28,483$ 2,483$
Other Financing Sources (Uses):
Transfers out (14,000) (26,000) (23,962) 2,038
Net change in fund balances - - 4,521 4,521
Fund balances - Beginning 1,040,462 1,040,462 1,040,462 -
Fund balances - Ending 1,040,462$ 1,040,462$ 1,044,983$ 4,521$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 4,521$
To adjust revenues for accruals 1,113
To adjust expenditures for accruals 659
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 6,293$
174
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - Coveleski Bond Debt Service Reserve
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 2,010$ 3,086$ 1,076$ (2,010)$
Other Financing Sources (Uses):
Transfers out (525,000) (527,518) (527,517) 1
Net change in fund balances (522,990) (524,432) (526,441) (2,009)
Fund balances - Beginning 526,587 526,587 526,587 -
Fund balances - Ending 3,597$ 2,155$ 146$ (2,009)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (526,441)$
To adjust revenues for accruals (334)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (526,775)$
175
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - Redevelopment Bond - Palais Royale
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 20,000$ 40,000$ 47,620$ 7,620$
Other Financing Sources (Uses):
Transfers out (20,000) (40,000) (40,061) (61)
Net change in fund balances - - 7,559 7,559
Fund balances - Beginning 1,739,495 1,739,495 1,739,495 -
Fund balances - Ending 1,739,495$ 1,739,495$ 1,747,054$ 7,559$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 7,559$
To adjust revenues for accruals 1,863
To adjust expenditures for accruals 1,102
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 10,524$
176
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2018 Fire Station #9 Bond Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Expenditures:
Current:
Debt service:
Other services and charges -$ 321,707$ 321,706$ 1$
Other Financing Sources (Uses):
Transfers in - 321,707 321,706 (1)
Net change in fund balances - - - -
Fund balances - Beginning - - - -
Fund balances - Ending -$ -$ -$ -$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis -$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis -$
177
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2018 TIF Park Bond Debt Service Reserve
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 1,000$ 23,370$ 27,510$ 4,140$
Net change in fund balances 1,000 23,370 27,510 4,140
Fund balances - Beginning 993,495 993,495 993,495 -
Fund balances - Ending 994,495$ 1,016,865$ 1,021,005$ 4,140$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 27,510$
To adjust revenues for accruals 1,101
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 28,611$
178
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - Century Center Energy Savings
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 221,437$ 235,000$ 235,000$ -$
Investment income 40 3,650 4,232 582
Other 103,235 104,510 104,511 1
Total revenues 324,712 343,160 343,743 583
Expenditures:
Current:
Debt service:
Other services and charges 416,424 416,424 415,423 1,001
Other Financing Sources (Uses):
Transfers in 90,752 90,752 90,752 -
Net change in fund balances (960) 17,488 19,072 1,584
Fund balances - Beginning 170,609 170,609 170,609 -
Fund balances - Ending 169,649$ 188,097$ 189,681$ 1,584$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 19,072$
To adjust revenues for accruals 159
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 19,231$
179
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - Redevelopment Authority Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 2,700$ 6,383$ 6,383$ -$
Expenditures:
Current:
Debt service:
Other services and charges 2,861,269 2,861,269 2,861,669 (400)
Other Financing Sources (Uses):
Transfers in 2,869,500 2,869,500 2,867,378 (2,122)
Net change in fund balances 10,931 14,614 12,092 (2,522)
Fund balances - Beginning 210,492 210,492 210,492 -
Fund balances - Ending 221,423$ 225,106$ 222,584$ (2,522)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 12,092$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 12,092$
180
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - South Bend Building Corporation
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 1,000$ 14,600$ 15,243$ 643$
Expenditures:
Current:
Debt service:
Other services and charges 2,634,750 2,634,750 2,632,744 2,006
Other Financing Sources (Uses):
Transfers in 2,635,750 2,641,500 2,641,500 -
Net change in fund balances 2,000 21,350 23,999 2,649
Fund balances - Beginning 791,026 791,026 791,026 -
Fund balances - Ending 793,026$ 812,376$ 815,025$ 2,649$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 23,999$
To adjust revenues for accruals (487,631)
To adjust expenditures for accruals 482,955
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 19,323$
181
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2015 Smart Streets Bond Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 2,500$ 4,630$ 4,630$ -$
Expenditures:
Current:
Debt service:
Other services and charges 1,711,369 1,712,019 1,712,019 -
Other Financing Sources (Uses):
Transfers in 1,715,500 1,715,500 1,715,500 -
Net change in fund balances 6,631 8,111 8,111 -
Fund balances - Beginning 1,726,790 1,726,790 1,726,790 -
Fund balances - Ending 1,733,421$ 1,734,901$ 1,734,901$ -$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 8,111$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 8,111$
182
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2015 Park Bond Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 1,000$ 3,527$ 3,527$ -$
Expenditures:
Current:
Debt service:
Other services and charges 383,732 383,732 382,731 1,001
Other Financing Sources (Uses):
Transfers in 379,431 379,431 409,270 29,839
Net change in fund balances (3,301) (774) 30,066 30,840
Fund balances - Beginning 560,431 560,431 560,431 -
Fund balances - Ending 557,130$ 559,657$ 590,497$ 30,840$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 30,066$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 30,066$
183
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Debt Service Funds - 2017 Eddy St. Commons Bond Debt Service
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 3,500$ 8,792$ 8,792$ -$
Expenditures:
Current:
Debt service:
Other services and charges 1,299,125 1,299,125 1,298,125 1,000
Other Financing Sources (Uses):
Transfers in 1,298,125 1,298,125 1,298,125 -
Net change in fund balances 2,500 7,792 8,792 1,000
Fund balances - Beginning 3,452,908 3,452,908 3,452,908 -
Fund balances - Ending 3,455,408$ 3,460,700$ 3,461,700$ 1,000$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 8,792$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 8,792$
184
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - 2019 South Shore Double Tracking Bond
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ -$ 121$ 121$
Total revenues - - 121 121
Expenditures:
Current:
Economic development:
Other services and charges - 201,794 201,794 -
Capital outlay - 9,125,000 9,125,000 -
Total expenditures - 9,326,794 9,326,794 -
Other Financing Sources (Uses):
Issuance of debt - - 9,356,612 9,356,612
Net change in fund balances - (9,326,794) 29,939 9,356,733
Fund balances - Beginning - - - -
Fund balances - Ending -$ (9,326,794)$ 29,939$ 9,356,733$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 29,939$
To adjust revenues for accruals (120)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 29,819$
185
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Professional Sports Development
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 2,000$ 1,201$ 1,201$ -$
Other 18,000 18,000 3,786 (14,214)
Total revenues 20,000 19,201 4,987 (14,214)
Expenditures:
Current:
Debt service:
Other services and charges 354,770 354,770 353,970 800
Other Financing Sources (Uses):
Transfers in 525,000 527,518 527,517 (1)
Transfers out - (178,534) (178,534) -
Net change in fund balances 190,230 13,415 - (13,415)
Fund balances - Beginning - - - -
Fund balances - Ending 190,230$ 13,415$ -$ (13,415)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis -$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis -$
186
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Coveleski Stadium Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 43,500$ 43,500$ 23,125$ (20,375)$
Investment income 750 715 823 108
Total revenues 44,250 44,215 23,948 (20,267)
Expenditures:
Current:
Culture and recreation:
Other services and charges 40,000 71,667 38,513 33,154
Capital outlay - 32,955 32,955 -
Total expenditures 40,000 104,622 71,468 33,154
Net change in fund balances 4,250 (60,407) (47,520) 12,887
Fund balances - Beginning 73,435 73,435 73,435 -
Fund balances - Ending 77,685$ 13,028$ 25,915$ 12,887$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (47,520)$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (47,520)$
187
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Cumulative Capital Development
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 436,330$ 436,330$ 455,002$ 18,672$
Intergovernmental 34,014 40,352 40,353 1
Investment income 3,100 8,940 9,852 912
Total revenues 473,444 485,622 505,207 19,585
Expenditures:
Current:
General government:
Other services and charges 532,121 539,277 539,276 1
Capital outlay 286,000 286,000 285,500 500
Total expenditures 818,121 825,277 824,776 501
Net change in fund balances (344,677) (339,655) (319,569) 20,086
Fund balances - Beginning 529,328 529,328 529,328 -
Fund balances - Ending 184,651$ 189,673$ 209,759$ 20,086$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (319,569)$
To adjust revenues for accruals 457,285
To adjust expenditures for accruals (422,769)
To adjust expenditures for encumbrances 14,389
Net change in fund balance, GAAP basis (270,664)$
188
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Cumulative Capital Improvement
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental 207,296$ 207,296$ 231,026$ 23,730$
Investment income 3,000 11,645 14,444 2,799
Other 25,000 25,000 25,000 -
Total revenues 235,296 243,941 270,470 26,529
Expenditures:
Current:
General government:
Capital outlay 28,000 28,000 28,000 -
Net change in fund balances 207,296 215,941 242,470 26,529
Fund balances - Beginning 447,850 447,850 447,850 -
Fund balances - Ending 655,146$ 663,791$ 690,320$ 26,529$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 242,470$
To adjust revenues for accruals 727
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 243,197$
189
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Major Moves
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 27,500$ 60,740$ 69,658$ 8,918$
Other 493,178 584,181 584,181 -
Total revenues 520,678 644,921 653,839 8,918
Expenditures:
Current:
Highways and streets:
Other services and charges - 1,022,187 952,291 69,896
Capital outlay 1,200,000 1,619,049 1,446,028 173,021
Total expenditures 1,200,000 2,641,236 2,398,319 242,917
Net change in fund balances (679,322) (1,996,315) (1,744,480) 251,835
Fund balances - Beginning 2,772,697 2,772,697 2,772,697 -
Fund balances - Ending 2,093,375$ 776,382$ 1,028,217$ 251,835$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (1,744,480)$
To adjust revenues for accruals (390,543)
To adjust expenditures for accruals 25,242
To adjust expenditures for encumbrances 1,172,285
Net change in fund balance, GAAP basis (937,496)$
190
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Morris Performing Arts Center Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 137,500$ 137,500$ 82,464$ (55,036)$
Investment income 6,000 9,240 10,956 1,716
Other - - 575 575
Total revenues 143,500 146,740 93,995 (52,745)
Expenditures:
Current:
Culture and recreation:
Supplies 15,000 26,127 14,469 11,658
Other services and charges 122,000 119,335 113,194 6,141
Capital outlay 80,000 80,000 14,149 65,851
Total expenditures 217,000 225,462 141,812 83,650
Net change in fund balances (73,500) (78,722) (47,817) 30,905
Fund balances - Beginning 379,010 379,010 379,010 -
Fund balances - Ending 305,510$ 300,288$ 331,193$ 30,905$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (47,817)$
To adjust revenues for accruals 473
To adjust expenditures for accruals (89,344)
To adjust expenditures for encumbrances 91,759
Net change in fund balance, GAAP basis (44,929)$
191
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Redevelopment Retail Area (Leighton Plaza)
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 206$ 206$ -$
Other - 87 - (87)
Total revenues - 293 206 (87)
Expenditures:
Current:
Economic development:
Other services and charges - 772 772 -
Other Financing Sources (Uses):
Transfers out - (7,820) (7,820) -
Net change in fund balances - (8,299) (8,386) (87)
Fund balances - Beginning 8,388 8,388 8,388 -
Fund balances - Ending 8,388$ 89$ 2$ (87)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (8,386)$
To adjust revenues for accruals (59)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (8,445)$
192
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Redevelopment General
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - County redevelopment income tax 70,356$ 84,095$ 84,095$ -$
Investment income 1,000 18,820 24,815 5,995
Other 1,000,000 1,177,112 1,177,112 -
Total revenues 1,071,356 1,280,027 1,286,022 5,995
Expenditures:
Current:
Economic development:
Other services and charges 1,074,000 1,074,000 811,836 262,164
Net change in fund balances (2,644) 206,027 474,186 268,159
Fund balances - Beginning 615,795 615,795 615,795 -
Fund balances - Ending 613,151$ 821,822$ 1,089,981$ 268,159$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 474,186$
To adjust revenues for accruals 2,138
To adjust expenditures for accruals (58,967)
To adjust expenditures for encumbrances 389,636
Net change in fund balance, GAAP basis 806,993$
193
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - TIF - West Washington
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 314,425$ 261,830$ 261,830$ -$
Investment income 10,000 37,240 41,430 4,190
Other - 18,500 18,500 -
Total revenues 324,425 317,570 321,760 4,190
Expenditures:
Current:
Economic development:
Other services and charges - 479 - 479
Capital outlay 900,000 1,694,651 1,431,302 263,349
Total expenditures 900,000 1,695,130 1,431,302 263,828
Net change in fund balances (575,575) (1,377,560) (1,109,542) 268,018
Fund balances - Beginning 1,801,466 1,801,466 1,801,466 -
Fund balances - Ending 1,225,891$ 423,906$ 691,924$ 268,018$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (1,109,542)$
To adjust revenues for accruals 979
To adjust expenditures for accruals 8,424
To adjust expenditures for encumbrances 342,165
Net change in fund balance, GAAP basis (757,974)$
194
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - TIF - River East Development
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 2,808,805$ 2,722,643$ 2,722,642$ (1)$
Investment income 57,000 216,100 249,447 33,347
Other - 7,725 7,725 -
Total revenues 2,865,805 2,946,468 2,979,814 33,346
Expenditures:
Current:
Economic development:
Other services and charges - 174,217 103,671 70,546
Capital outlay 5,100,000 12,027,765 10,181,560 1,846,205
Total expenditures 5,100,000 12,201,982 10,285,231 1,916,751
Net change in fund balances (2,234,195) (9,255,514) (7,305,417) 1,950,097
Fund balances - Beginning 10,994,678 10,994,678 10,994,678 -
Fund balances - Ending 8,760,483$ 1,739,164$ 3,689,261$ 1,950,097$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (7,305,417)$
To adjust revenues for accruals 5,619
To adjust expenditures for accruals (271,235)
To adjust expenditures for encumbrances 4,543,278
Net change in fund balance, GAAP basis (3,027,755)$
195
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - TIF - Southside Development Area No. 1
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 2,229,283$ 2,229,283$ 1,755,231$ (474,052)$
Investment income 30,000 210,560 249,564 39,004
Total revenues 2,259,283 2,439,843 2,004,795 (435,048)
Expenditures:
Current:
Economic development:
Other services and charges - 964,932 322,124 642,808
Capital outlay 4,000,000 9,387,796 1,745,842 7,641,954
Total expenditures 4,000,000 10,352,728 2,067,966 8,284,762
Net change in fund balances (1,740,717) (7,912,885) (63,171) 7,849,714
Fund balances - Beginning 9,455,102 9,455,102 9,455,102 -
Fund balances - Ending 7,714,385$ 1,542,217$ 9,391,931$ 7,849,714$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (63,171)$
To adjust revenues for accruals (124,464)
To adjust expenditures for accruals 362,950
To adjust expenditures for encumbrances 234,951
Net change in fund balance, GAAP basis 410,266$
196
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - TIF - Douglas Road
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 4,664$ 5,428$ 764$
Expenditures:
Current:
Economic development:
Other services and charges - 208,000 108,800 99,200
Net change in fund balances - (203,336) (103,372) 99,964
Fund balances - Beginning 204,331 204,331 204,331 -
Fund balances - Ending 204,331$ 995$ 100,959$ 99,964$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (103,372)$
To adjust revenues for accruals 195
To adjust expenditures for accruals (14,050)
To adjust expenditures for encumbrances 87,225
Net change in fund balance, GAAP basis (30,002)$
197
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - TIF - River East Residential
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Taxes - Property 4,260,716$ 4,933,557$ 4,933,558$ 1$
Investment income 14,000 39,283 54,332 15,049
Total revenues 4,274,716 4,972,840 4,987,890 15,050
Expenditures:
Current:
Economic development:
Other services and charges 503,875 503,875 494,828 9,047
Other Financing Sources (Uses):
Transfers out (3,771,125) (3,771,125) (3,769,003) 2,122
Net change in fund balances (284) 697,840 724,059 26,219
Fund balances - Beginning 2,990,020 2,990,020 2,990,020 -
Fund balances - Ending 2,989,736$ 3,687,860$ 3,714,079$ 26,219$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 724,059$
To adjust revenues for accruals 2,650
To adjust expenditures for accruals 392,522
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 1,119,231$
198
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Certified Technology Park
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 8,487$ 11,102$ 11,146$ 44$
Expenditures:
Current:
Economic development:
Capital outlay 625,000 625,000 624,945 55
Net change in fund balances (616,513) (613,898) (613,799) 99
Fund balances - Beginning 624,204 624,204 624,204 -
Fund balances - Ending 7,691$ 10,306$ 10,405$ 99$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (613,799)$
To adjust revenues for accruals (377)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 752
Net change in fund balance, GAAP basis (613,424)$
199
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Project Funds - Palais Royale Historical Preservation
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Charges for services 18,500$ 18,500$ 14,425$ (4,075)$
Investment income 600 2,523 2,961 438
Total revenues 19,100 21,023 17,386 (3,637)
Expenditures:
Current:
Culture and recreation:
Other services and charges 75,000 111,967 72,939 39,028
Net change in fund balances (55,900) (90,944) (55,553) 35,391
Fund balances - Beginning 129,405 129,405 129,405 -
Fund balances - Ending 73,505$ 38,461$ 73,852$ 35,391$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (55,553)$
To adjust revenues for accruals (1,766)
To adjust expenditures for accruals (2,623)
To adjust expenditures for encumbrances 34,160
Net change in fund balance, GAAP basis (25,782)$
200
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Airport Urban Enterprise Zone
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 6,000$ 9,260$ 10,900$ 1,640$
Expenditures:
Current:
Economic development:
Other services and charges 50,000 50,000 - 50,000
Net change in fund balances (44,000) (40,740) 10,900 51,640
Fund balances - Beginning 393,651 393,651 393,651 -
Fund balances - Ending 349,651$ 352,911$ 404,551$ 51,640$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis 10,900$
To adjust revenues for accruals 437
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis 11,337$
201
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - 2018 Fire Station #9 Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 40,380$ 42,008$ 1,628$
Expenditures:
Current:
Public safety:
Capital outlay - 3,232,757 3,232,757 -
Net change in fund balances - (3,192,377) (3,190,749) 1,628
Fund balances - Beginning 3,502,969 3,502,969 3,502,969 -
Fund balances - Ending 3,502,969$ 310,592$ 312,220$ 1,628$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (3,190,749)$
To adjust revenues for accruals (1,538)
To adjust expenditures for accruals 348,012
To adjust expenditures for encumbrances 89,311
Net change in fund balance, GAAP basis (2,754,964)$
202
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - 2018 TIF Park Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 50,000$ 186,070$ 202,657$ 16,587$
Expenditures:
Current:
Culture and recreation:
Other services and charges - 999,501 999,501 -
Capital outlay 2,150,000 9,426,644 9,426,644 -
Total expenditures 2,150,000 10,426,145 10,426,145 -
Net change in fund balances (2,100,000) (10,240,075) (10,223,488) 16,587
Fund balances - Beginning 10,429,340 10,429,340 10,429,340 -
Fund balances - Ending 8,329,340$ 189,265$ 205,852$ 16,587$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (10,223,488)$
To adjust revenues for accruals 559
To adjust expenditures for accruals (951,237)
To adjust expenditures for encumbrances 3,889,707
Net change in fund balance, GAAP basis (7,284,459)$
203
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - 2018 Zoo Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 22,490$ 22,489$ (1)$
Expenditures:
Current:
Culture and recreation:
Capital outlay - 3,300,000 3,300,000 -
Net change in fund balances - (3,277,510) (3,277,511) (1)
Fund balances - Beginning - - - -
Fund balances - Ending -$ (3,277,510)$ (3,277,511)$ (1)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (3,277,511)$
To adjust revenues for accruals (1)
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 133,581
Net change in fund balance, GAAP basis (3,143,931)$
204
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - 2017 Park Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 3,000$ 260,530$ 297,324$ 36,794$
Expenditures:
Current:
Culture and recreation:
Other services and charges - 21,464 21,464 -
Capital outlay 3,479,400 12,739,403 12,739,403 -
Total expenditures 3,479,400 12,760,867 12,760,867 -
Net change in fund balances (3,476,400) (12,500,337) (12,463,543) 36,794
Fund balances - Beginning 12,975,703 12,975,703 12,975,703 -
Fund balances - Ending 9,499,303$ 475,366$ 512,160$ 36,794$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (12,463,543)$
To adjust revenues for accruals 7,052
To adjust expenditures for accruals 401,799
To adjust expenditures for encumbrances 8,569,760
Net change in fund balance, GAAP basis (3,484,932)$
205
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Projects Funds - Equipment Vehicle Leasing
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 3,000$ 17,000$ 16,792$ (208)$
Expenditures:
Current:
General government:
Other services and charges - 101,999 101,364 635
Capital outlay 2,034,625 3,549,597 3,575,027 (25,430)
Total expenditures 2,034,625 3,651,596 3,676,391 (24,795)
Other Financing Sources (Uses):
Issuance of debt 2,034,625 1,472,985 1,472,985 -
Net change in fund balances 3,000 (2,161,611) (2,186,614) (25,003)
Fund balances - Beginning 2,942,040 2,942,040 2,942,040 -
Fund balances - Ending 2,945,040$ 780,429$ 755,426$ (25,003)$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (2,186,614)$
To adjust revenues for accruals (1,310,262)
To adjust expenditures for accruals 2,274,037
To adjust expenditures for encumbrances 261,062
Net change in fund balance, GAAP basis (961,777)$
206
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Project Funds - 2015 Park Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 840$ 840$ -$
Expenditures:
Current:
Culture and recreation:
Supplies - 6,082 6,082 -
Other services and charges - 4,582 4,582 -
Capital outlay - 460,475 458,815 1,660
Total expenditures - 471,139 469,479 1,660
Other Financing Sources (Uses):
Transfers out - (3,048) (3,048) -
Net change in fund balances - (473,347) (471,687) 1,660
Fund balances - Beginning 471,687 471,687 471,687 -
Fund balances - Ending 471,687$ (1,660)$ -$ 1,660$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (471,687)$
To adjust revenues for accruals -
To adjust expenditures for accruals 24,200
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (447,487)$
207
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Project Funds - 2015 Smart Streets Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income -$ 124$ 124$ -$
Expenditures:
Current:
Economic development:
Capital outlay - 70,000 68,967 1,033
Net change in fund balances - (69,876) (68,843) 1,033
Fund balances - Beginning 68,843 68,843 68,843 -
Fund balances - Ending 68,843$ (1,033)$ -$ 1,033$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (68,843)$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances -
Net change in fund balance, GAAP basis (68,843)$
208
City of South Bend, Indiana
Other Supplemental Information
Budgetary Comparison Schedule - Nonmajor Governmental Funds
(Continued)
Capital Project Funds - 2017 Eddy St. Commons Bond Capital
December 31, 2019
Variance
Actual With Final
Budgetary Budget
Budgeted Amounts Basis Positive
Original Final Amounts (Negative)
Revenues:
Investment income 2,000$ 65$ 65$ -$
Expenditures:
Current:
Economic development:
Capital outlay - 7,650,241 7,650,241 -
Net change in fund balances 2,000 (7,650,176) (7,650,176) -
Fund balances - Beginning 7,650,244 7,650,244 7,650,244 -
Fund balances - Ending 7,652,244$ 68$ 68$ -$
Budget/GAAP Reconciliation
Net change in fund balance, budget basis (7,650,176)$
To adjust revenues for accruals -
To adjust expenditures for accruals -
To adjust expenditures for encumbrances 3,048,123
Net change in fund balance, GAAP basis (4,602,053)$
209
City of South Bend, Indiana
Other Supplemental Information
Nonmajor Enterprise Funds
Fund Descriptions
NONMAJOR ENTERPRISE FUNDS
Consolidated Building To account for the operation of the consolidated St. Joseph County/ South Bend
Building Department, the South Bend Department of Code Enforcement, and the
South Bend Animal Resource Center.
Parking Garage To account for the operation and maintenance of the City's parking garages.
Solid Waste To account for the operations of the Solid Waste department. Revenues come from
charging City residents a monthly fee for pick-up and disposal of trash at area landfills
and recycling centers
Emergency Medical
Services
To account for the operations of Emergency Medical Services (EMS), as well as to
fund purchases of necessary equipment for the Fire Department. Financing is
provided by reimbursement paid for ambulance runs and other EMS activity.
210
City of South Bend, Indiana
Combining Statement of Net Position
Nonmajor Enterprise Funds
December 31, 2019
Emergency
Consolidated Medical
Building Parking Garage Solid Waste Services Total
Assets
Current assets:
Cash and cash equivalents 683,948$ 396,903$ 134,414$ 587,225$ 1,802,490$
Investments 1,601,464 929,349 314,730 1,374,988 4,220,531
Receivables:
Accounts 17,865 74,713 379,606 1,456,469 1,928,653
Interest 6,893 4,486 1,780 14,526 27,685
Allowance for doubtful accounts - - (25,000) - (25,000)
Total current assets 2,310,170 1,405,451 805,530 3,433,208 7,954,359
Noncurrent assets:
Restricted assets 49,386 - 197,149 2,753,154 2,999,689
Capital assets:
Assets not subject to depreciation - 1,440,114 - - 1,440,114
Assets subject to depreciation 1,824,773 4,565,988 3,729,553 4,498,900 14,619,214
Total noncurrent assets 1,874,159 6,006,102 3,926,702 7,252,054 19,059,017
Total assets 4,184,329 7,411,553 4,732,232 10,685,262 27,013,376
Liabilities
Current liabilities:
Accounts payable 42,678 364,361 85,451 126,841 619,331
Due to other governmental units - - - 10,824 10,824
Due to other funds 2,150 1,054 - - 3,204
Performance deposits payable 7,000 - - - 7,000
Accrued liabilities and other:
Accrued payroll payable 31,460 - 57,774 - 89,234
Accrued interest payable 2,382 - 14,211 70,004 86,597
Other current payables - 76,669 - - 76,669
Compensated absences 45,519 - 52,859 - 98,378
Mortgage bonds payable - - - 240,000 240,000
Capital leases 131,978 - 1,056,629 445,903 1,634,510
Total current liabilities 263,167 442,084 1,266,924 893,572 2,865,747
Noncurrent liabilities:
Mortgage bonds payable - - - 4,277,600 4,277,600
Capital leases 247,140 - 1,686,261 825,922 2,759,323
Total noncurrent liabilities 247,140 - 1,686,261 5,103,522 7,036,923
Total liabilities 510,307 442,084 2,953,185 5,997,094 9,902,670
Net position
Net investment in capital assets 1,494,719 6,006,102 1,118,887 (1,057,532) 7,562,176
Restricted:
Cash with fiscal agent 49,386 - 132,224 232,993 414,603
Capital outlay fund - - 64,925 1,962,214 2,027,139
Unrestricted 2,129,917 963,367 463,011 3,550,493 7,106,788
Total net position 3,674,022 6,969,469 1,779,047 4,688,168 17,110,706
211
City of South Bend, Indiana
Combining Statement of Revenue, Expenses, and Changes in Net Position
Nonmajor Enterprise Funds
December 31, 2019
Emergency
Consolidated Medical
Building Parking Garage Solid Waste Services Total
Operating revenue
Licenses and permits 2,029,442$ -$ -$ -$ 2,029,442$
Parking fees - 988,355 - - 988,355
Solid waste fees - - 5,463,922 - 5,463,922
Charges for sales and services - - - 5,711,959 5,711,959
Other 13,830 16,046 1,389 8,475 39,740
Total operating revenue 2,043,272 1,004,401 5,465,311 5,720,434 14,233,418
Operating expenses
Other operation and maintenance 3,295,193 872,925 3,726,739 7,181,408 15,076,265
General and administration 791,337 40,274 853,714 - 1,685,325
Depreciation 209,188 261,297 821,865 484,641 1,776,991
Total operating expenses 4,295,718 1,174,496 5,402,318 7,666,049 18,538,581
Operating income (loss)(2,252,446) (170,095) 62,993 (1,945,615) (4,305,163)
Nonoperating revenue (expenses)
Investment income 56,390 33,703 18,966 150,084 259,143
Interest expense (8,986) - (64,925) (198,938) (272,849)
(Loss) gain on sale of assets (24,571) (4,145) (14,177) 10,607 (32,286)
Total nonoperating revenues (expenses) 22,833 29,558 (60,136) (38,247) (45,992)
Income (loss) - before contributions and transfers (2,229,613) (140,537) 2,857 (1,983,862) (4,351,155)
Capital contributions - Other capital contributions - 843,503 - - 843,503
Transfers in 2,528,909 - - 1,534,631 4,063,540
Transfers out (158,943) - - (321,706) (480,649)
Changes in net position 140,353 702,966 2,857 (770,937) 75,239
Net position - Beginning of (restated) 3,533,669 6,266,503 1,776,190 5,459,105 17,035,467
Net position - End of year 3,674,022$ 6,969,469$ 1,779,047$ 4,688,168$ 17,110,706$
212
City of South Bend, Indiana
Nonmajor Enterprise Funds
Combining Statement of Cash Flows
December 31, 2019
Emergency
Consolidated Parking Medical
Building Garage Solid Waste Services Total
Cash flows from operating activities
Receipts from customers and users 2,031,257$ 1,006,295$ 5,479,717$ 5,695,114$ 14,212,383$
Payments to suppliers (550,749) (694,297) (2,065,469) (2,002,340) (5,312,855)
Payments to employees (2,722,705) - (1,451,934) (5,170,378) (9,345,017)
Internal activity - payments to other funds (861,429) (36,517) (998,406) (262,719) (2,159,071)
Internal activity - payments from other funds - - - - -
Net cash provided by (used in)
operating activities (2,103,626) 275,481 963,908 (1,740,323) (2,604,560)
Cash flows from noncapital
financing activities
Transfers from other funds 2,528,909 - - 1,534,631 4,063,540
Transfers to other funds (158,943) - - (321,706) (480,649)
Net cash (used in) provided by
noncapital financing activities 2,369,966 - - 1,212,925 3,582,891
Cash flows from capital and related
financing activities
Proceeds from capital debt issued
for future capital purchase 80,000 - 718,498 - 798,498
Proceeds from sales of capital assets 2,828 - - 19,953 22,781
Purchase of capital assets (133,744) (308,097) (719,498) (729,160) (1,890,499)
Principal paid on capital debt (126,441) - (970,852) (669,910) (1,767,203)
Interest paid on capital debt (9,285) - (67,079) (207,391) (283,755)
Net cash (used in) provided by
capital and related financing activities (186,642) (308,097) (1,038,931) (1,586,508) (3,120,178)
Cash flows from investing activities
Interest received on investments 55,391 32,916 18,763 153,381 260,451
Proceeds from sale and maturities
of investment securities (208,815) (46,610) 19,290 890,830 654,695
Net cash provided by (used in)
investing activities (153,424) (13,694) 38,053 1,044,211 915,146
Net (decrease) increase in cash
and cash equivalents (73,726) (46,310) (36,970) (1,069,695) (1,226,701)
Cash and cash equivalents - beginning of year 807,060 443,213 323,038 2,644,114 4,217,425
Cash and cash equivalents - end of year 733,334$ 396,903$ 286,068$ 1,574,419$ 2,990,724$
213
City of South Bend, Indiana
Nonmajor Enterprise Funds
Combining Statement of Cash Flows (Continued)
December 31, 2019
Emergency
Consolidated Parking Medical
Building Garage Solid Waste Services Total
Classification of cash and cash equivalents
Cash and investments 2,285,412$ 1,326,252$ 449,144$ 1,962,213$ 6,023,021$
Restricted cash and investments 49,386 - 197,149 2,753,154 2,999,689
Less amounts classified as investments (1,601,464) (929,349) (360,225) (3,140,948) (6,031,986)
Total cash and cash equivalents 733,334$ 396,903$ 286,068$ 1,574,419$ 2,990,724$
Reconciliation of operating income (loss)
to net cash from operating activities
Operating income (loss) (2,252,446)$ (170,095)$ 62,993$ (1,945,615)$ (4,305,163)$
Adjustments to reconcile operating income (loss)
to net cash from operating activities:
Depreciation and amortization 209,188 261,297 821,865 484,641 1,776,991
Changes in assets and liabilities:
Receivables (12,015) (30,628) 14,406 (25,320) (53,557)
Prepaid expenses and other assets - - - 8,859 8,859
Accounts payable 31,983 182,014 19,346 44,808 278,151
Due to other governments - - - 2,236 2,236
Performance deposit (1,250) - - - (1,250)
Due to other funds 1,444 371 - (1,563) 252
Accrued payroll payable (22,897) - 25,144 (109,314) (107,067)
Compensated absences payable (57,633) - 20,154 (199,055) (236,534)
Other current payables - 32,522 - - 32,522
Estimate of unfiled claims - - - - -
Net cash provided by (used in)
operating activities (2,103,626)$ 275,481$ 963,908$ (1,740,323)$ (2,604,560)$
Noncash investing, capital, and financing activities
Capital assets acquired through lease -$ -$ -$ -$ -$
Capital assets disposed (at cost) - (13,815) (159,080) (436,803) (609,698)
Capital asset contribution - 843,503 - - 843,503
Work in progress completed transferred
to capital assets - - - - -
Accumulated depreciation on disposals
of capital assets - 9,671 144,902 427,457 582,030
Accumulated depreciation on transfers of capital assets - - - - -
214
City of South Bend, Indiana
Other Supplemental Information
Internal Service Funds
Fund Descriptions
INTERNAL SERVICE FUNDS
Liability Insurance
Premium Reserve
To account for expenses related to maintaining the City's self-funded liability
insurance including administrative costs, claims and premiums. Funding is provided
by assessments to certain other City funds.
Self-Funded Employee
Benefits
To account for employer and employee contributions for a health plan, and for the
payment of healthcare claims for members of the City’s plan.
Central Services To account for expenses related to fuel, vehicle repairs and various supplies provided
to City departments on a cost-reimbursement basis.
Police Take Home
Vehicle
To account for expenses associated with claims arising from use of program vehicles
occurring while officers are not on duty. Funding is provided by officers participating
in the program.
Innovation/
Information Technology/
311 Call Center
To account for expenses associated with the 311 Call Center and Department of
Innovation & Technology. The Call Center is a customer service support center
where residents and business can receive personal assistance with City-related
questions and non-emergency services. The IT Department provides technical
services to the various departments within the City. Funding is provided by the
departments which benefit from the departments.
Unemployment
Compensation
Insurance
To account for payment of unemployment claims to the Indiana Department of
Workforce Development. Financing is provided by allocating costs to user
departments to cover the estimated costs of claims.
Parental Leave To account for expenses related to the City’s Parental Leave Program which provides
additional paid time off for employees for the child or adoption of a child. Financing
is provided by allocating costs to user departments to cover the estimated costs of
the program.
215
City of South Bend, IndianaCombining Statement of Net PositionInternal Service FundsDecember 31, 2019LiabilityInnovation &Insurance Self-FundedTechnology UnemploymentPremium Employee Central Police Take 311 Call Compensation ParentalReserveBenefitsServicesHome VehicleCenterInsuranceLeaveTotalAssetsCurrent assets:Cash and cash equivalents 1,484,790$ 2,801,583$ 442,041$ 217,026$ 930,223$ 54,141$ 9,745$ 5,939,549$ Investments 3,476,637 6,475,736 1,035,039 508,167 2,178,119 126,771 22,818 13,823,287 Receivables:Accounts 1,405,210 9,147 109,228 - 5,796 - - 1,529,381 Interest 17,033 31,929 4,200 2,495 9,794 617 106 66,174 Due from other funds - - - - 73,046 - - 73,046 Inventory - - 910,211 - - - - 910,211 Prepaid expenses 286,510 - 750 - 615,555 - - 902,815 Total current assets6,670,180 9,318,395 2,501,469 727,688 3,812,533 181,529 32,669 23,244,463 Noncurrent assets:Restricted assets - - 8,161 - 56,517 - - 64,678 Capital assets:Assets subject to depreciation - - 1,191,271 - - - - 1,191,271 Total noncurrent assets- - 1,199,432 - 56,517 - - 1,255,949 Total assets 6,670,180 9,318,395 3,700,901 727,688 3,869,050 181,529 32,669 24,500,412 LiabilitiesCurrent liabilities:Accounts payable 131,436 195,874 756,658 682 163,154 8,809 - 1,256,613 Due to other funds - - 1,390 - - - - 1,390 Accrued liabilities and other:Accrued payroll payable 11,517 - 86,726 - 74,945 - - 173,188 Accrued interest payable - - 201 - 9,539 - - 9,740 Compensated absences 11,679 - 111,439 - 128,911 - - 252,029 Claims payable 1,746,773 1,024,845 - - - - - 2,771,618 Capital leases - - 22,487 - 523,266 - - 545,753 Total current liabilities1,901,405 1,220,719 978,901 682 899,815 8,809 - 5,010,331 Noncurrent liabilities:Capital leases - - 31,711 - 1,155,719 - - 1,187,430 Total noncurrent liabilities- - 31,711 - 1,155,719 - - 1,187,430 Total liabilities1,901,405 1,220,719 1,010,612 682 2,055,534 8,809 - 6,197,761 Net positionNet investment in capital assets - - 1,145,234 - (1,622,468) - - (477,234) Unrestricted 4,768,775 8,097,676 1,545,055 727,006 3,435,984 172,720 32,669 18,779,885 Total net position4,768,775$ 8,097,676$ 2,690,289$ 727,006$ 1,813,516$ 172,720$ 32,669$ 18,302,651$ 216
City of South Bend, IndianaCombining Statement of Revenue, Expenses, and Changes in Net PositionInternal Service FundsDecember 31, 2019LiabilityInnovation &Insurance Self-FundedTechnology UnemploymentPremium Employee Central Police Take 311 Call Compensation Parental ReserveBenefitsServicesHome VehicleCenterInsuranceLeaveTotalOperating revenueEmployee/employer contributions 3,931,197$ 13,337,170$ -$ 5,333$ 7,991,331$ -$ 166,529$ 25,431,560$ Charges for sales and services - - 13,321,421 - 165,631 - - 13,487,052 Other 2,394,615 397,524 18,428 - 58,657 - - 2,869,224 Total operating revenue 6,325,812 13,734,694 13,339,849 5,333 8,215,619 - 166,529 41,787,836 Operating expensesOther operation and maintenance 333,870 1,638,980 12,633,635 50,682 8,121,106 - 186,085 22,964,358 General and administration 523,453 - 393,650 - - - - 917,103 Insurance claims and premiums 2,488,631 15,404,120 - - - 39,365 - 17,932,116 Depreciation - - 123,456 - 1,099 - - 124,555 Total operating expenses 3,345,954 17,043,100 13,150,741 50,682 8,122,205 39,365 186,085 41,938,132 Operating income (loss)2,979,858 (3,308,406) 189,108 (45,349) 93,414 (39,365) (19,556) (150,296) Nonoperating revenue (expenses)Investment income 123,859 297,073 26,744 21,385 74,174 5,388 956 549,579 Interest expense - - (1,518) - (58,255) - - (59,773) (Loss) gain on sale of assets - - 2,332 - - - - 2,332 Total nonoperating revenues (expenses) 123,859 297,073 27,558 21,385 15,919 5,388 956 492,138 Income (loss) - before contributions and transfers 3,103,717 (3,011,333) 216,666 (23,964) 109,333 (33,977) (18,600) 341,842 Transfers out - - - - (600,000) - - (600,000) Changes in net position 3,103,717 (3,011,333) 216,666 (23,964) (490,667) (33,977) (18,600) (258,158) Net position - Beginning of year 1,665,058 11,109,009 2,473,623 750,970 2,304,183 206,697 51,269 18,560,809 Net position - End of year 4,768,775$ 8,097,676$ 2,690,289$ 727,006$ 1,813,516$ 172,720$ 32,669$ 18,302,651$ 217
City of South Bend, Indiana
Internal Service Funds
Combining Statement of Cash Flows
December 31, 2019
Liability Innovation/
Insurance Self-Funded Technology/ Unemployment
Premium Employee Central Police Take 311 Call Compensation Parental
Reserve Benefits Services Home Vehicle Center Insurance Leave Total
Cash flows from operating activities
Receipts from customers and users 2,394,615$ 4,538,545$ 13,269,093$ 5,333$ -$ -$ -$ 20,207,586$
Receipts from interfund services and
reimbursements 2,539,537 9,203,125 22,012 - 8,150,714 - 166,529 20,081,917
Payments to suppliers (3,428,696) (16,760,359) (9,797,020) - (4,967,058) (32,956) - (34,986,089)
Payments to employees (213,395) - (2,654,429) - (2,258,622) - (186,085) (5,312,531)
Internal activity - payments to other funds (144,621) - (544,534) (50,000) (4,765) - - (743,920)
Net cash provided by (used in)
operating activities 1,147,440 (3,018,689) 295,122 (44,667) 920,269 (32,956) (19,556) (753,037)
Cash flows from noncapital
financing activities
Transfers to other funds - - - - (600,000) - - (600,000)
Net cash (used in) provided by
noncapital financing activities - - - - (600,000) - - (600,000)
Cash flows from capital and related
financing activities
Proceeds from capital debt issued
for future capital purchase - - 40,000 - - - - 40,000
Proceeds from sales of capital assets - - 4,278 - - - - 4,278
Purchase of capital assets - - (31,846) - - - - (31,846)
Principal paid on capital debt - - (18,088) - (390,612) - - (408,700)
Interest paid on capital debt - - (1,434) - (52,293) - - (53,727)
Net cash (used in) provided by
capital and related financing activities - - (7,090) - (442,905) - - (449,995)
Cash flows from investing activities
Interest received on investments 117,209 298,881 25,588 20,984 72,178 5,354 993 541,187
Proceeds from sale and maturities
of investment securities (1,015,545) 1,487,781 (255,044) (9,610) (341,811) 12,045 11,219 (110,965)
Net cash provided by (used in)
investing activities (898,336) 1,786,662 (229,456) 11,374 (269,633) 17,399 12,212 430,222
Net (decrease) increase in cash
and cash equivalents 249,104 (1,232,027) 58,576 (33,293) (392,269) (15,557) (7,344) (1,372,810)
Cash and cash equivalents - beginning of year 1,235,686 4,033,610 391,626 250,319 1,379,009 69,698 17,089 7,377,037
Cash and cash equivalents - end of year 1,484,790$ 2,801,583$ 450,202$ 217,026$ 986,740$ 54,141$ 9,745$ 6,004,227$
Classification of cash and cash equivalents
Cash and investments 4,961,427$ 9,277,319$ 1,477,080$ 725,193$ 3,108,342$ 180,912$ 32,563$ 19,762,836$
Restricted cash and investments - - 8,161 - 56,517 - - 64,678
Less amounts classified as investments (3,476,637) (6,475,736) (1,035,039) (508,167) (2,178,119) (126,771) (22,818) (13,823,287)
Total cash and cash equivalents 1,484,790$ 2,801,583$ 450,202$ 217,026$ 986,740$ 54,141$ 9,745$ 6,004,227$
Reconciliation of operating income (loss)
to net cash from operating activities
Operating income (loss) 2,979,858$ (3,308,406)$ 189,108$ (45,349)$ 93,414$ (39,365)$ (19,556)$ (150,296)$
Adjustments to reconcile operating income (loss)
to net cash from operating activities:
Depreciation and amortization - - 123,456 - 1,099 - - 124,555
Lease proceeds used for noncapital expenses - - - - 789,413 - - 789,413
Changes in assets and liabilities:
Receivables (1,391,660) 6,976 (48,744) - 8,141 - - (1,425,287)
Due from other funds - - - - (73,046) - - (73,046)
Inventory - - (39,594) - - - - (39,594)
Prepaid expenses and other assets (73,865) - 3,226 - 7,654 - - (62,985)
Accounts payable 18,556 176,911 46,858 682 32,943 6,409 - 282,359
Due to other funds - - 175 - - - - 175
Accrued payroll payable 7,019 - 33,133 - 30,581 - - 70,733
Compensated absences payable 385 - (12,496) - 30,070 - - 17,959
Estimate of unfiled claims (392,853) 105,830 - - - - - (287,023)
Net cash provided by (used in)
operating activities 1,147,440$ (3,018,689)$ 295,122$ (44,667)$ 920,269$ (32,956)$ (19,556)$ (753,037)$
Noncash investing, capital, and financing activities
Capital assets disposed (at cost) -$ -$ (125,182)$ -$ -$ -$ -$ (125,182)$
Accumulated depreciation on disposals -
of capital assets - - 123,236 - - - - 123,236
218
City of South Bend, Indiana
Other Supplemental Information
Fiduciary Funds
Fund Descriptions
FIDUCIARY FUNDS
Pension Trust Funds
1925 Police Pension To account for the provision of retirement and disability benefits to police officers
hired prior to May 1, 1977. Financing is provided by mandatory contributions by
active members, and state pension relief distributions.
1937 Firefighters'
Pension
To account for the provision of retirement and disability benefits to firefighters hired
prior to May 1, 1977. Financing is provided by mandatory contributions by active
members and state pension relief distributions.
Custodial Funds
Payroll To account for the payroll of City employees and pension benefits of the Police and
Firefighters' Pension Funds. Gross payroll and pension benefits are treated as
expenditures in other City funds and transferred into this fund, which serves as a
clearing account.
Police Distributions
Payable
To account for monies collected by the South Bend Police Department from asset
seizures and other sources. Proceeds may be used to pay other governmental
agencies for monies collected on their behalf or for related expenses.
219
City of South Bend, Indiana
Statement of Fiduciary Net Position
Fiduciary Funds
December 31, 2019
Pension Trust Funds Custodial Funds
1925 1937 Total Police Total
Police Firefighters'Pension Trust Distribution Custodial
Pension Pension Funds Payroll Payable Funds
Assets
Cash and cash equivalents 208,932$ 100,704$ 309,636$ 335,621$ 857,178$ 1,192,799$
Investments 489,216 235,798 725,014 - - -
Receivables - Accounts - - - - - -
Receivables - Interest 3,168 1,741 4,909 - - -
Total assets 701,316 338,243 1,039,559 335,621 857,178 1,192,799
Liabilities
Accounts payable 101 70 171 - - -
Accrued liabilities and other - - - 335,621 - 335,621
Customer deposits payable - - - - - -
Police distribution payable - - - - 857,178 857,178
Total liabilities 101 70 171 335,621 857,178 1,192,799
Net position for pension benefits
and other purposes 701,215$ 338,173$ 1,039,388$ -$ -$ -$
220
City of South Bend, Indiana
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
December 31, 2019
Pension Trust Funds Custodial Funds
1925 1937 Total Police Total
Police Firefighters'Pension Trust Distribution Custodial
Pension Pension Funds Payroll Payable Funds
Additions
18,102$ 9,432$ 27,534$ -$ -$ -$
- - - - 40,211
- - - 107,339,435 - 107,339,435
- - - 3,787,134 - 3,787,134
- - - 111,126,568 - 111,126,568
Investment income - Interest and dividends
Police asset seizures
Payroll:
Employee payroll
Collection of taxes for other governments
Total Payroll
Contributions:
On behalf 6,111,782 4,466,993 10,578,775 - - -
Other 1,996 - 1,996 - - -
Net contributions 6,113,778 4,466,993 10,580,771 - - -
Total additions 6,131,880 4,476,425 10,608,305 111,126,568 40,211 111,126,568
Deductions
6,365,546 4,439,495 10,805,041 - - -
- - - 111,126,568 - 111,126,568
- - - - 40,211
Benefit payments
Payroll distributions and payment of tax to other govt's
Police distributions
Administrative expenses 14,304 14,309 28,613 - - -
Total deductions 6,379,850 4,453,804 10,833,654 111,126,568 40,211 111,126,568
Net increase (decrease) in net position held in trust (247,970) 22,621 (225,349) - - -
Net position - Beginning of year 949,185 315,552 1,264,737 - - -
Net position - End of year 701,215$ 338,173$ 1,039,388$ -$ -$ -$
221
40,211
40,211
Statistical Section
This part of the comprehensive annual financial report presents detailed information as context for
understanding what the information in the financial statements, note disclosures, and required
supplementary information says about the City's overall financial health.
The statistical section is organized into the following main categories:
Financial trends
These schedules contain trend information to help the reader understand how the
government's financial performance and well-being have changed over time.
Revenue capacity
These schedules contain information to help the reader assess the government's most
significant local revenue source, the property tax.
Debt capacity
These schedules present information to help the reader assess the affordability of the
government's current level of outstanding debt and the government's ability to issue additional
debt in the future.
Demographic and economic information
These schedules help the reader understand the environment within which the government's
financial activities take place.
Operating information
These schedules contain service and infrastructure data to help the reader understand how the
information in the government's financial report relates to the services the government provides
and the activities it performs.
222
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial
performance and well-being have changed over time.
223
City of South Bend, IndianaNet Position by ComponentLast Ten Fiscal YearsAs of December 31,As of December 31,20102011201220132014 (1)2015 (1)2016201720182019Governmental activitiesNet investment in capital assets 186,771,216$ 196,265,413$ 202,779,954$ 192,190,446$ 168,275,521$ 157,604,691$ 161,341,318$ 155,912,682$ 143,282,487$ 123,340,793$ Restricted 8,840,610 9,354,772 8,050,418 7,990,172 8,723,878 9,137,552 8,669,117 9,245,531 11,639,254 11,332,302 Unrestricted 96,539,932 82,271,482 71,992,457 86,413,227 (18,581,970) (25,882,348) (7,327,797) (16,751,916) 3,673,134 (69,988) Total net position292,151,758$ 287,891,667$ 282,822,829$ 286,593,845$ 158,417,429$ 140,859,895$ 162,682,638$ 148,406,297$ 158,594,875$ 134,603,107$ Business-type activitiesNet investment in capital assets 122,108,095$ 103,463,004$ 113,193,929$ 114,506,252$ 136,685,811$ 141,998,384$ 145,288,974$ 145,585,038$ 147,069,159$ 155,288,994$ Restricted 13,320,967 12,937,988 29,259,933 48,267,664 26,587,012 28,397,290 31,963,852 29,623,015 33,936,695 34,701,170 Unrestricted 19,262,192 45,733,630 26,957,505 7,906,258 22,426,017 24,415,739 25,357,665 28,103,338 30,785,421 30,004,802 Total net position154,691,254$ 162,134,622$ 169,411,367$ 170,680,174$ 185,698,840$ 194,811,413$ 202,610,491$ 203,311,391$ 211,791,275$ 219,994,966$ Primary governmentNet investment in capital assets 308,879,311$ 299,728,417$ 315,973,883$ 306,696,698$ 304,961,332$ 299,603,075$ 306,630,292$ 301,497,720$ 290,531,646$ 278,629,787$ Restricted 22,161,577 22,292,760 37,310,351 56,257,836 35,310,890 37,534,842 40,632,969 38,868,546$ 45,575,949 46,033,472 Unrestricted 115,802,124 128,005,112 98,949,962 94,319,485 3,844,047 (1,466,609) 18,029,868 11,351,422 34,458,555 29,934,814 Total net position446,843,012$ 450,026,289$ 452,234,196$ 457,274,019$ 344,116,269$ 335,671,308$ 365,293,129$ 351,717,688$ 370,566,150$ 354,598,073$ (1) The City implemented the reporting of net pension liability through GASB 68 during 2015. 2014 was restated.Net position is defined as the difference between total assets and deferred outflows of resources less total liabilities and deferred inflows of resources and can generally be thought of as the net worth of the City of South Bend.Source - City of South Bend Comprehensive Annual Financial Reports (includes prior period adjustments)224
City of South Bend, IndianaChanges in Net PositionLast Ten Fiscal Years2010201120122013201420152016201720182019ExpensesGovernmental activities:General Government (8,261,861)$ (16,783,351)$ (13,788,310)$ (13,200,898)$ (19,013,453)$ (21,572,776)$ (15,618,817)$ (16,750,853)$ (12,654,430)$ (10,915,147)$ Public Safety (62,106,991) (73,530,442) (69,977,237) (76,023,819) (68,783,155) (56,528,448) (55,029,909) (71,656,865) (69,209,163) (92,017,691) Highways and Streets (9,526,537) (7,574,003) (14,639,158) (20,915,815) (13,031,500) (20,045,444) (13,550,535) (21,716,658) (17,223,378) (27,114,327) Health and Welfare - - - - - - - - - Community and Economic Development (30,744,012) (34,648,975) (20,217,987) (10,069,690) (19,780,791) (40,727,612) (28,436,368) (26,326,989) (33,801,755) (44,698,518) Culture and Recreation (16,036,194) (15,566,794) (21,724,589) (26,846,471) (16,802,311) (20,300,768) (17,156,094) (19,332,902) (26,076,331) (24,641,558) Bond Issuance Costs - - - - - (372,432) - - - Interest on Long-Term Debt (7,339,548) (6,798,531) (6,134,406) (5,961,124) (2,497,849) (4,762,714) (4,727,630) (4,538,530) (5,718,172) (5,746,755) Total governmental activities expenses(134,015,143) (154,902,096) (146,481,687) (153,017,817) (139,909,059) (164,310,194) (134,519,353) (160,322,797) (164,683,229) (205,133,996) Business-type activities:Water (12,525,246) (11,972,840) (12,228,014) (15,221,865) (13,020,610) (13,609,378) (14,900,039) (14,902,682) (14,788,847) (16,268,059) Wastewater (21,403,663) (22,260,005) (23,809,975) (26,390,790) (25,521,753) (25,737,867) (26,420,526) (32,548,087) (25,744,139) (32,482,382) Century Center (2,989,586) (3,100,484) (2,929,268) (4,330,656) (4,747,838) (4,854,747) (5,364,472) (5,121,336) (5,287,797) (5,469,673) Consolidated Building Department (1) (930,120) (871,299) (909,376) (1,131,815) (3,242,320) (3,552,347) (3,240,172) (3,704,963) (4,136,837) (4,329,275) Parking Garage (1,438,288) (1,467,646) (1,721,655) (1,285,056) (1,660,596) (2,139,182) (909,857) (1,177,363) (459,536) (1,178,641) Solid Waste (4,204,056) (4,962,157) (5,118,806) (5,091,588) (5,811,526) (5,243,972) (5,794,913) (5,169,128) (5,467,986) (5,481,420) Blackthorn Golf Course (1,995,556) (1,689,042) (1,841,998) (1,497,513) (1,874,962) (165,977) - - - Emergency Medical Services (2) - - - - - (6,596,206) (7,437,349) (8,617,050) (8,987,340) (7,864,987) Total business-type activities net expenses(45,486,515) (46,323,473) (48,559,092) (54,949,283) (55,879,605) (61,899,676) (64,067,328) (71,240,609) (64,872,482) (73,074,437) Total primary government net position(179,501,658) (201,225,569) (195,040,779) (207,967,100) (195,788,664) (226,209,870) (198,586,681) (231,563,406) (229,555,711) (278,208,433) 225
City of South Bend, IndianaChanges in Net Position (continued)Last Ten Fiscal Years2010201120122013201420152016201720182019Program revenueGovernmental activities:Charges for services: General Government6,964,269$ 1,165,018$ 2,100,103$ 1,939,865$ 1,451,438$ 1,188,531$ 1,622,788$ 1,118,328$ 718,155$ 452,796$ Public Safety4,916,958 4,096,566 5,079,182 5,210,272 4,992,228 529,386 975,712 648,136 702,977 521,835 Highways and Streets28,110 227,000 291,840 451,363 728,343 676,429 707,547 976,095 - 244,790 Community and Economic Develop.283,420 683,503 271,366 444,839 485,938 408,654 481,293 1,489,942 698,252 199,405 Culture and Recreation4,995,049 4,681,536 5,224,543 5,112,019 3,815,920 3,726,359 4,383,977 4,308,699 4,356,659 4,240,087 Operating Grants and Contributions29,467,573 32,091,246 24,937,596 21,466,622 3,203,805 2,813,481 2,644,272 11,828,681 26,248,738 14,701,908 Capital Grants and Contributions1,472,233 2,328,468 2,468,120 1,867,213 - - - 1,000,000 4,100,000 3,605,801 Total governmental activities program revenues48,127,612 45,273,337 40,372,750 36,492,193 14,677,672 9,342,840 10,815,589 21,369,881 36,824,781 23,966,622 Business-type activities:Charges for services:Water 14,194,442 14,080,592 15,409,171 15,102,462 14,373,176 14,204,285 15,091,372 15,290,203 17,183,460 20,440,181 Wastewater 26,001,156 29,407,263 30,657,698 32,474,743 34,009,117 36,638,804 39,061,562 38,794,212 39,931,429 41,324,779 Century Center 2,869,010 2,894,913 2,680,076 3,463,813 2,227,171 4,202,564 4,796,676 3,055,793 3,258,017 3,268,026 Consolidated Building Department 875,481 899,397 1,000,381 967,667 1,387,571 2,037,950 1,764,100 1,902,493 2,044,582 2,043,272 Parking Garage 1,047,784 1,071,078 921,044 968,868 1,017,218 968,417 996,197 1,264,706 1,323,524 1,004,401 Solid Waste 4,745,547 4,830,342 5,081,991 5,399,044 5,295,712 5,364,871 5,839,143 5,420,711 5,471,364 5,465,311 Blackthorn Golf Course 1,479,415 1,392,999 1,669,372 1,530,402 1,548,341 109,949 - - - - Emergency Medical Services - - - - - 6,470,446 7,921,172 7,308,243 6,727,643 5,720,434 Operating Grants and Contributions - - - - - - - - 278,112 - Capital Grants and Contributions1,889,165 4,291,731 2,010,253 697,916 95,834 4,683,424 649,609 1,170,970 - 1,710,762 Total business-type activities program revenues53,102,000 58,868,315 59,429,986 60,604,915 59,954,140 74,680,710 76,119,831 74,207,331 76,218,131 80,977,166 Total primary government program revenues101,229,612 104,141,652 99,802,736 97,097,108 74,631,812 84,023,550 86,935,420 95,577,212 113,042,912 104,943,788 2010201120122013201420152016201720182019Net (Expense)/RevenueGovernmental activities (103,726,403) (106,774,484) 45,273,337 (106,108,937) (116,525,624) (125,231,387) (123,703,764) (138,952,916) (127,858,448) (181,167,374) Business-type activities 8,954,365 6,778,527 58,868,315 10,870,894 5,655,632 4,074,535 12,052,503 2,966,722 11,345,649 7,902,729 Total primary government net expense(94,772,038) (99,995,957) 104,141,652 (95,238,043) (110,869,992) (121,156,852) (111,651,261) (135,986,194) (116,512,799) (173,264,645) 226
City of South Bend, IndianaChanges in Net Position (continued)Last Ten Fiscal Years2010201120122013201420152016201720182019General Revenue and Other Changes in Net PositionGovernmental activities:Taxes:Property taxes77,315,641$ 76,445,349$ 71,775,415$ 72,018,650$ 69,221,468$ 72,032,049$ 76,331,581$ 78,266,107$ 80,155,902$ 82,470,667$ County Option Income Tax11,502,052 13,219,723 13,748,824 13,739,325 15,025,840 14,847,338 21,194,795 17,579,628 20,210,633 22,169,072 Economic Develop. Income Tax7,335,113 8,044,773 8,324,878 8,177,352 8,796,821 9,031,709 9,594,602 10,600,122 12,700,892 12,474,651 Professional Sports Develop. Tax597,406 558,268 633,904 649,996 588,054 628,261 673,787 347,255 - - Community Revitalization District Tax416,149 733,100 653,185 244,623 - - - - - - Hotel/motel Tax- - - - - - - - 616,437 - Unrestricted Grants and Contributions4,883,081 3,964,336 3,891,810 5,893,924 28,473,888 25,487,112 25,846,397 17,160,034 4,819,125 13,680,283 Unrestricted Investment earnings868,023 1,050,768 1,317,443 762,270 951,901 1,322,674 1,458,787 1,687,888 3,304,646 5,136,772 Other2,627,341 3,483,054 6,623,313 14,285,314 6,747,199 11,214,442 6,745,542 8,731,916 10,523,004 17,646,068 Gain on sale of capital assets- - - - - - - - - - Net Pension Obligation - - - - - - - - - Transfers (648,823) 3,041,176 3,879,721 4,525,187 (683,049) 2,846,415 3,681,016 4,123,183 5,229,661 2,768,851 Total governmental activities104,895,983 110,540,547 110,848,493 120,296,641 129,122,122 137,410,000 145,526,507 138,496,133 137,560,300 156,346,364 Business-type activities:Unrestricted Investment earnings 146,826 206,409 285,572 138,362 128,168 358,918 570,982 578,773 1,088,896 1,784,206 Other - - - - 1,501,664 - - 1,278,588 1,275,000 1,275,000 Transfers 648,823 (3,041,176) (3,879,721) (4,525,187) 683,049 (2,846,415) (3,681,016) (4,123,183) (5,229,661) (2,768,851) Total business-type activities795,649 (2,834,767) (3,594,149) (4,386,825) 2,312,881 (2,487,497) (3,110,034) (2,265,822) (2,865,765) 290,355 Total primary government105,691,632 107,705,780 107,254,344 115,909,816 131,435,003 134,922,503 142,416,473 136,230,311 134,694,535 156,636,719 Special Item (Governmental activities):Well field contamination settlement - - - - - - - - - - Disposal of operations - - - - - (1,180,964) - - - Change in Net PositionGovernmental activities 150,169,320 911,788 4,739,556 3,771,016 3,890,735 (17,557,354) 21,822,743 (456,783) 9,701,852 (24,821,010) Business-type activities 59,663,964 9,710,075 7,276,745 1,268,807 6,387,416 9,112,573 7,799,078 700,900 8,479,884 8,193,084 Total primary government209,833,284$ 10,621,863$ 12,016,301$ 5,039,823$ 10,278,151$ (8,444,781)$ 29,621,821$ 244,117$ 18,181,736$ (16,627,926)$ Excludes prior period adjustmentsChanges 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 & 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.Source : City of South Bend Comprehensive Annual Financial Reports227
City of South Bend, IndianaFund Balances - Governmental FundsLast Ten Fiscal YearsAs of December 31,2010201120122013201420152016201720182019General fundPrior to adoption of GASB 54:Reserved1,824,454$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Unreserved and undesignated26,912,688 - - - - - - - - - Subsequent to adoption of GASB 54:Nonspendable- 1,115,025 958,341 656,848 558,304 491,665 494,730 447,003 425,680 - Restricted- 327,267 - - - - - - - - Committed- - - - - - - - - - Assigned- 255,287 165,389 516,506 - 466,088 1,380,036 1,242,770 820,914 820,834 Unassigned- 26,233,637 27,671,353 26,495,559 27,029,101 29,664,303 32,077,856 33,776,487 37,383,206 42,478,766 Total general fund28,737,142 27,931,216 28,795,083 27,668,913 27,587,405 30,622,056 33,952,622 35,466,260 38,629,800 43,299,600 All other governmental funds:Prior to adoption of GASB 54:Reserved 62,230,229 - - - - - - - - Unreserved, reported in:Special revenue funds 31,996,398 - - - - - - - - Capital projects funds 85,237,947 - - - - - - - - Debt service funds - - - - - - - - - Subsequent to adoption of GASB 54: - - - - - - - - - - Nonspendable - 37,036,839 37,706,861 22,828,476 20,537,450 27,042,236 23,566,267 21,927,221 22,322 15,686 Restricted - 44,754,037 78,326,567 95,387,879 100,501,274 113,004,506 101,826,640 125,302,667 152,809,121 119,218,398 Committed - 11,829,074 11,142,045 20,697,026 12,962,745 2,238,475 2,698,694 2,392,685 3,209,500 4,495,457 Assigned - 77,460,284 35,180,652 35,455,190 35,147,874 32,138,059 31,998,790 32,769,201 38,707,987 42,474,803 Unassigned - (2,777,374) (4,219,066) (4,852,169) (5,700,829) (4,218,596) (2,301,793) (626,846) - (57,852) Total all other governmental funds179,464,574 168,302,860 158,137,059 169,516,402 163,448,514 170,204,680 157,788,598 181,764,928 194,748,930 166,146,492 Total of all governmental funds208,201,716$ 196,234,076$ 186,932,142$ 197,185,315$ 191,035,919$ 200,826,736$ 191,741,220$ 217,231,188$ 233,378,730$ 209,446,092$ Source: City of South Bend Comprehensive Annual Financial Reports228
City of South Bend, IndianaChanges in Fund Balances, Governmental FundsLast Ten Fiscal Years2010201120122013201420152016201720182019RevenueTaxes 101,785,765$ 99,001,213$ 95,136,206$ 94,829,947$ 93,632,183$ 96,033,296$ 107,861,553$ 106,746,367$ 113,683,864$ 117,943,632$ Licenses, fees and permits 192,397 190,943 189,714 177,019 141,565 151,923 224,677 231,260 245,956 284,048 Fines and forfeits 409,775 636,749 334,767 660,841 563,999 454,327 756,781 562,466 494,836 1,124,570 Charges for services 16,585,634 13,990,267 12,442,553 12,320,498 10,628,976 5,794,168 7,062,108 7,020,575 5,735,251 5,658,913 Intergovernmental 35,822,886 34,419,714 31,297,526 29,227,759 30,663,505 30,216,059 27,959,813 29,634,896 35,167,863 31,987,992 Investment earnings 868,023 1,050,768 1,317,443 762,270 955,376 1,253,242 1,624,527 1,687,888 3,304,646 5,136,772 Other revenues 2,677,796 3,587,518 6,660,875 13,174,140 7,904,187 8,816,811 7,179,959 9,703,304 10,523,004 16,237,450 Total revenue 158,342,276 152,877,172 147,379,084 151,152,474 144,489,791 142,719,826 152,669,418 155,586,756 169,155,420 178,373,377 ExpendituresCurrent:General government 5,214,424 6,680,855 6,390,585 7,154,965 8,022,688 8,420,278 16,311,633 14,221,015 12,763,226 11,714,095 Public safety 62,586,177 69,612,754 67,138,414 64,041,549 66,927,250 61,889,405 64,350,281 72,010,182 75,530,051 74,695,638 Highways and streets 10,702,555 5,079,041 9,288,682 9,769,942 10,441,957 12,787,641 11,294,768 13,600,140 16,906,126 19,636,991 Public works - - - - - - - - - - Health & welfare17,408,376 9,698,611 3,543,180 8,068,458 7,309,130 11,068,013 20,894,153 15,904,306 16,597,764 26,106,656 Community & economic development 12,841,596 13,816,699 18,557,986 13,956,025 13,948,089 12,855,704 13,070,606 20,622,330 22,179,273 20,706,436 Capital outlay21,952,522 46,691,030 39,984,127 30,748,663 29,407,934 46,553,570 27,056,295 17,035,543 23,240,519 43,200,250 Bond Issuance Costs- - - - - 372,432 - - 165,885 293,022 Debt service interest7,499,683 7,186,494 6,734,305 6,113,043 5,360,219 5,392,298 4,943,021 4,514,526 5,682,429 6,002,448 Debt service principal12,552,681 13,632,195 10,822,721 13,008,105 12,882,830 13,319,392 13,055,327 16,634,195 13,134,725 14,124,590 Total expenditures 150,758,014 172,397,679 162,460,000 152,860,750 154,300,097 172,658,733 170,976,084 174,542,237 186,199,998 216,480,126 Excess of Revenue Over Expenditures7,584,262 (19,520,507) (15,080,916) (1,708,276) (9,810,306) (29,938,907) (18,306,666) (18,955,481) (17,044,578) (38,106,749) Other Financing Sources (Uses)Proceeds from debt issuance5,280,314 3,478,239 5,660,897 7,801,455 8,436,905 69,426,593 4,999,053 40,727,816 26,101,096 8,788,457 Premium (discount) on debt issuance 146,030 26,877 1,236,364 21,576 171,851 1,919,787 - 6,478 479,608 1,462,841 Proceeds from refunding5,327,775 38,307,431 13,595,000 3,990,000 - - - - - - Payments to refunded bond escrow age (5,538,255) (37,300,856) (14,613,147) (4,376,769) (3,482,205) (35,698,815) - - - - Transfers in16,314,577 22,483,564 25,368,413 26,365,239 18,478,925 31,498,681 19,541,050 29,141,285 28,197,288 27,479,435 Transfers out(16,963,400) (19,442,388) (21,488,692) (21,840,052) (16,522,289) (28,652,266) (15,860,034) (25,018,102) (22,528,488) (24,110,584) Other- - - - 28,476 1,235,744 541,081 (412,028) 942,616 67,236 Total other financing sources (uses) 4,567,041 7,552,867 9,758,835 11,961,449 7,111,663 39,729,724 9,221,150 44,445,449 33,192,120 13,687,385 Special ItemWell field contamination settlement - - - - - - - - - - Net change in fund balances 12,151,303$ (11,967,640)$ (5,322,081)$ 10,253,173$ (2,698,643)$ 9,790,817$ (9,085,516)$ 25,489,968$ 16,147,542$ (24,419,364)$ Debt service as a percentage of noncapital expenditures17.59% 15.42% 13.84% 12.92% 13.38% 11.27% 14.60% 11.00% 10.11% 9.30%Excludes prior period adjustments(1) Formula = Debt service payments (principal and interest) / (Total Governmental Fund expenditures - Governmental Fund capital outlay per reconciliation)Source: City of South Bend Comprehensive Annual Financial ReportsAs of December 31,229
City of South Bend, Indiana
Financial Institutions
Last Ten Years
(Amounts in 000's)
Percent
Increase/
Year Branches Deposits Branches Deposits Branches Deposits Total Deposits (Decrease)
2010 40 3,108,702 - - n/a 2,410,711 5,519,413 3.02%
2011 39 3,342,964 - - n/a 2,474,034 5,816,998 5.39%
2012 40 3,201,888 - - n/a 2,735,212 5,937,100 2.06%
2013 37 3,730,018 - - n/a 2,854,527 6,584,545 10.91%
2014 39 2,548,101 - - n/a 2,911,596 5,459,697 -17.08%
2015 40 2,454,129 1 25,077 n/a 3,089,732 5,568,938 2.00%
2016 39 2,607,360 1 25,077 n/a 3,262,413 5,894,850 5.85%
2017 35 2,853,276 - - n/a 3,451,457 6,304,733 6.95%
2018 36 3,179,336 - - n/a 3,719,934 6,899,270 9.43%
2019 45 4,789,990 - - n/a 4,137,490 8,927,480 29.40%
1st Source Bank 2,469,890$ 51.57%Teacher's Credit Union 2,935,318$ 70.94%
Key Bank 628,737 13.13%Notre Dame Federal Credit Union 643,640 15.56%
Wells Fargo 782 0.02%Community Wide Credit Union 397,209 9.60%
Others 1,690,581 35.29%AAA Federal Credit Union 55,115 1.33%
Total 4,789,990$ 100.01%Policemen's Federal Credit Union 50,569 1.22%
Others 55,639 1.34%
Total 4,137,490$ 99.99%
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). Research and Analysis: Summary of Deposits, Deposits Market
Share Report, Indiana, St. Joseph County, South Bend, Run Report. (Industry Analysis, Bank Data & Statistics, Reporting Tools,
Deposits Market Shares 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.
Banks Savings and Loans Credit Unions
Credit UnionsBanks
230
Revenue Capacity
These schedules contain information to help the reader assess the City's most significant local
revenue source, the property tax, and other major revenue sources.
231
City of South Bend, Indiana
Property Taxes Levies and Collections
Last Ten Fiscal 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
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%
2015/2016 78,503,658 29,601,193 48,902,465 43,806,020 89.58% 3,900,000 47,706,020 97.55% 7,468,597 15.27%
2016/2017 81,487,640 31,615,462 49,872,178 45,605,926 91.45% 3,432,704 49,038,630 98.33% 12,106,873 24.28%
2017/2018 85,426,389 33,910,221 51,516,168 45,631,337 88.58% 5,867,517 51,498,854 99.97% 12,106,873 23.50%
2018/2019 88,747,340 35,874,959 52,872,381 51,587,619 97.57% 3,882,939 55,470,558 104.91% 12,106,873 22.90%
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 2017/2018.
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).
232
City of South Bend, Indiana CumulativeTax Year/ General Parks/ Firefighters' Police Park Capital Total St. Joseph Schools TotalCollection YearFundRecreationPensionPensionBondDevelopmentDirectCountyDistrictsTownshipLibraryOther (1)Overlapping2009/2010 (2) 2.2536 0.4401 - - - 0.0342 2.7279 0.5866 1.0728 0.0406 0.2657 0.1835 2.1492 2010/2011 2.4381 0.4818 - - - 0.0342 2.9541 0.5424 1.2211 0.0438 0.3027 0.1958 2.3058 2011/2012 2.4954 0.4957 - - - 0.0328 3.0239 0.6212 1.1931 0.0464 0.2941 0.1817 2.3365 2012/2013 2.5678 0.5102 - - - 0.0328 3.1108 0.6731 1.3493 0.0453 0.3227 0.1971 2.5875 2013/2014 2.7977 0.5608 - - - 0.0328 3.3913 0.7058 1.3577 0.0505 0.3309 0.1849 2.6298 2014/2015 2.8313 0.5676 - - - 0.0325 3.4314 0.6866 1.2940 0.0500 0.3207 0.2125 2.5638 2015/2016 2.8703 0.5754 - - - 0.0321 3.4778 0.6974 1.2682 0.0512 0.3549 0.2224 2.5941 2016/2017 2.8382 0.6473 - - - 0.0313 3.5168 0.6950 1.2049 - 0.3372 0.1822 2.4193 2017/2018 2.8267 0.6651 - - 0.0293 0.0303 3.5514 0.6908 1.1685 - 0.3309 0.1907 2.3809 2018/2019 2.8140 0.6621 - - 0.0461 0.0300 3.5522 0.6589 1.1184 0.0522 0.3278 0.1853 2.3426 (1) Includes State of Indiana, Redevelopment Commission (Hall of Fame), South Bend Transportation and South Bend Regional Airport.(2) Firefighters' Pension and Police Pension are no longer a tax burden for the City of South Bend as the State of Indiana has assumed responsibility for funding these programs(3) Information provided for Portage Township in the City of South Bend. Property tax rates applied to net assessed valuation. Property tax billings are also subject to "circuit breaker" property tax caps on grossed assessed valuation of 1% (homestead residential property), 2% (other residential/rental property), and 3% ( nonresidential real and personal property). Therefore, an increase in stated property tax rates will not result in higher property taxes paid for many taxpayers who have reached their cap.Source: St. Joseph County Auditor's Office - Certified Tax Rate Schedules - Rates presented for Portage Township in South BendDirect and Overlapping Property Tax RatesLast Ten Fiscal Years(Rate per $100 of Net Assessed Value)City Direct Rates Overlapping Rates (3)233
City of South Bend, Indiana
Detail of Net Assessed Valuation
(Assessment For the Year 2018 Payable in 2019)
South Bend South Bend South Bend South Bend South Bend South Bend
Centre Twp Clay Twp German Twp Penn Twp Warren Twp Portage Twp Totals Percent
Value of land 133,627,700$ 29,345,300$ 87,310,000$ 17,755,800$ 988,300$ 462,305,695$ 731,332,795$
Value of improvements 552,408,800 124,753,100 493,764,800 106,732,400 23,230,200 3,082,022,405 4,382,911,705
Total value of real estate 686,036,500 154,098,400 581,074,800 124,488,200 24,218,500 3,544,328,100 5,114,244,500
Less: Mortgage, veterans, blind, age 65
& other exemptions (269,890,296) (36,751,464) (146,959,730) (40,025,371) - (1,145,421,608) (1,639,048,469)
Tax-exempt property (49,268,960) (9,639,804) (28,537,560) (9,165,100) - (368,047,489) (464,658,913)
Investment Deduction - - - - - - -
Tax increment financing (58,635,469) (1,113,400) (273,372,052) - (24,218,500) (518,775,783) (876,115,204)
Tax abatements - - - - - -
Net value of real estate 308,241,775 106,593,732 132,205,458 75,297,729 - 1,512,083,220 2,134,421,914 77.03%
Gross personal property assessments 34,049,440 9,233,810 209,492,510 3,977,590 8,571,780 381,596,464 646,921,594
Less: Deductions (2,867,889) (127,800) (19,006,952) (2,374,490) - (107,864,476) (132,241,607)
Tax increment financing - - - - - - -
Net value of personal property 31,181,551 9,106,010 190,485,558 1,603,100 8,571,780 273,731,988 514,679,987 18.57%
Net value of utilities 20,972,190 7,053,000 25,724,410 1,192,960 114,200 66,778,020 121,834,780 4.40%
Total net assessed valuation 360,395,516$ 122,752,742$ 348,415,426$ 78,093,789$ 8,685,980$ 1,852,593,228$ 2,770,936,681$ 100.00%
Percentage of Total 13.01% 4.43% 12.57% 2.82% 0.31% 66.86% 100.00%
Summary:
Real Property
Personal
Property/Utilities Total Percent
Total value 5,114,244,500$ 768,756,374$ 5,883,000,874$ 100.00%
Deductions & exemptions (1,639,048,469) (132,241,607) (1,771,290,076) -30.11%
Tax exempt property (464,658,913) - (464,658,913) -7.90%
Tax increment financing (876,115,204) - (876,115,204) -14.89%
Tax abatements - - - 0.00%
Total net assessed valuation 2,134,421,914$ 636,514,767$ 2,770,936,681$ 47.10%
Percent 77.03% 22.97% 100.00%
Source: St. Joseph County Auditor's Office - Information from the County Abstract prepared by the Indiana Department of Local Government Finance
* Note: 2019 County Abstract detailed breakdown not available - deductions for personal property assesments aggregated under less: deductions
Note:
2019 County Abstract report is a summary - no breakdown
Business Personal Property Deductions aggregated versus in prior years broken down
234
City of South Bend, Indiana Less:Total Net(2)Tax Year/Real Personal UtilitiesTotal Non-Taxed Taxable City Tax %Collection YearPropertyPropertyPropertyValueProperty (1)ValueRateTaxable2009/2010 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%2015/2016 4,199,285,400 603,870,040 83,786,930 4,886,942,370 2,609,772,627 2,277,169,743 3.4778 46.60%2016/2017 4,317,332,400 638,702,010 105,036,200 5,061,070,610 2,733,570,369 2,327,500,241 3.5168 45.99%2017/2018 4,450,601,385 651,845,663 93,615,540 5,196,062,588 2,779,605,367 2,416,457,221 3.5168 46.51%2018/2019 5,114,244,500 646,921,594 121,834,780 5,883,000,874 2,979,822,586 2,903,178,288 3.5168 49.35% (1) Non-taxed property includes tax exempt property, tax increment financing property, tax abatements, and adjustments for deductions and exemptions. (2) City tax rate excludes Redevelopment Commission (Hall of Fame) tax rate.Source: St. Joseph County Auditor's Office2019 report is a summary - no breakdownAssessed Value and Actual Value of Taxable PropertyLast Ten Fiscal YearsGross Assessed Values235
City of South Bend, IndianaNet Assessed Value of Taxable PropertyLast Ten Fiscal YearsReal EstatePersonalUtilitiesTotalTax Year/ Net Assessed Net Assessed Net Assessed Net Assessed PercentCollection YearValueValueValueValueChange2009/20101,911,818,036 443,253,787 98,433,750 2,453,505,573 -8.07%2010/20111,809,523,734 413,918,368 101,009,760 2,324,451,862 -5.26%2011/20121,858,836,588 426,872,370 95,165,650 2,380,874,608 2.43%2012/20131,858,213,181 412,042,066 100,832,450 2,371,087,697 -0.41%2013/20141,687,672,152 431,802,340 90,252,180 2,209,726,672 -6.81%2014/20151,753,122,893 420,221,715 86,924,710 2,260,269,318 2.29%2015/20161,737,036,616 456,346,197 83,786,930 2,277,169,743 0.75%2016/20171,758,787,301 463,676,740 105,036,200 2,327,500,241 2.21%2017/20181,831,929,349 490,912,332 93,615,540 2,416,457,221 6.12%2018/20192,134,421,914 514,679,987 121,834,780 2,770,936,681 14.67%Source: St. Joseph County Auditor's office2019 report is a summary - no breakdown236
City of South Bend, Indiana NetTax Year/ Total Tax Exempt Tax Increment Tax AssessedCollection YearGross ValuationDeductions (1)PropertyFinancingAbatementsValuation2009/20105,071,882,200 (1,344,563,829) (449,848,037) (707,096,696) (116,868,065) 2,453,505,573 2010/20114,991,866,350 (1,353,769,271) (439,343,852) (777,038,302) (97,263,063) 2,324,451,862 2011/20124,910,736,210 (1,331,068,608) (417,907,225) (702,724,247) (78,161,522) 2,380,874,608 2012/20135,091,220,910 (1,397,134,910) (488,961,977) (761,349,489) (72,686,837) 2,371,087,697 2013/20144,842,882,200 (1,344,702,776) (512,692,590) (713,448,152) (62,312,010) 2,209,726,672 2014/20154,837,489,612 (1,292,923,103) (510,555,188) (707,010,507) (66,731,496) 2,260,269,318 2015/20164,886,942,370 (1,305,921,190) (521,555,123) (718,066,149) (64,230,165) 2,277,169,743 2016/20175,061,070,610 (1,334,844,637) (559,770,989) (743,657,399) (95,297,344) 2,327,500,241 2017/20185,196,062,588 (1,380,253,759) (553,925,635) (747,216,581) (98,209,392) 2,416,457,221 2018/20195,883,000,874 (1,771,290,076) (464,658,913) (876,115,204) - 2,770,936,681 * Note: Tax Abatement included in aggregated Deductions as 2019 County Abstract detailed information was not available(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.Deductions2015/20162016/20172017/20182018/2019Homestead Standard Deduction820,420,116$ 828,638,094$ 842,461,563$ n/aSupplemental Standard Deduction 375,610,821 400,306,547 435,967,478 n/aMortgage Deduction42,985,922 40,717,260 40,183,948 n/aVeteran's Deduction11,784,608 11,986,495 12,815,878 n/aAge 65 and Over Deduction24,608,600 23,876,138 23,373,704 n/aEnergy Systems Deduction388,200 396,600 421,500 n/aBlind & Disabled Deduction5,643,351 5,646,155 5,567,847 n/aFertilizer/Peticide Deduction- 114,555 n/aHeritage Barn Deduction- 10,000 23,900 n/aInvestment Deduction24,479,572 23,152,793 19,437,941 n/aTotal1,305,921,190$ 1,334,844,637$ 1,380,253,759$ 1,771,290,076$ Source: St. Joseph County Auditor's Office Abstract* Note: Tax Abatement included in aggregated Deductions as 2019 County Abstract detailed information not available2019 report is a summary - no breakdownAssessed Value of Taxable PropertyLast Ten Fiscal Years237
City of South Bend, IndianaFund 201020112012 2013 2014 2015 2016 2017 2018 2019Fund NameNumberActualActualActualActualActualActualActualActualActualActualGeneral Fund101 38,780,847$ 38,514,550$ 39,368,431$ 36,251,397$ 36,708,989$ 37,349,387$ 39,362,139$ 39,568,076$ 40,719,333$ 42,705,987$ Excess Levy103- - - - 3,648 - - - - Parks & Recreation201 7,591,932 7,613,760 7,824,056 7,207,060 7,365,388 7,487,554 7,902,995 9,033,731 9,591,899 10,048,047 Redevelopment Bonds Studebaker Corridor 310- - - - - - - - - Park Bond (2017ParksBond Debt Service) 312703,118 1,166,972 College Football Hall of Fame Debt Service 313 1,488,453 1,549,954 1,133,205 1,268,179 497,768 906,263 1,361,512 820,071 426,604 - River West TIF District (1)324 21,508,430 11,187,768 11,631,287 13,340,354 14,284,734 16,293,240 18,159,311 17,259,902 18,662,835 18,555,308 Cumulative Capital Development406587,063 540,454 517,710 463,331 430,786 428,727 440,887 436,823 436,677 455,002 South Bend Central Development Area TIF (1) 420 7,336,117 3,633,473 3,671,478 2,590,808 4,309,727 - - - - West Washington Street TIF District422860,049 431,085 422,715 493,608 580,987 402,911 453,503 378,994 332,220 261,830 Central Medical Service Area TIF District (1) 426 3,524,962 1,704,238 1,606,915 1,221,676 851,211 - - - - - River East (Northeast) TIF District429195,400 715,063 1,351,048 841,627 1,568,240 2,421,308 2,348,608 2,630,887 3,062,820 2,722,642 Southside Development Area TIF District 430 4,094,135 1,808,952 2,466,203 2,404,416 2,379,212 2,205,822 2,401,252 2,365,692 2,166,637 1,755,231 Erskine Commons TIF District (5)431 5,978,592 784,373 - - - - - - - Erskine Village TIF District432 3,759,287 1,603,182 - 1,311,129 9,175 19,183 - - - Douglas Road TIF District435460,760 306,053 285,713 323,939 321,895 270,758 345,262 379,255 - River East (Northeast) Residential TIF 436 1,815,829 2,446,103 2,514,048 2,262,765 2,725,909 3,129,681 3,932,947 4,262,917 4,686,651 4,933,558 Airport Urban Enterprise454301,430 123,165 111,721 - - - - - - Fire Department Employees Pension (4) 701(5,867) - - - - - - - - Police Department Employees Pension (4)702(9,479) - - - - - - - - - Total98,267,940$ 72,962,173$ 72,904,530$ 69,980,289$ 72,037,669$ 70,914,834$ 76,708,415$ 77,136,348$ 80,788,794$ 82,604,579$ (1) 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.Source - City of South Bend Accounting RecordsProperty Tax Collections - Cash BasisLast Ten Fiscal Years238
City of South Bend, Indiana
2019 Circuit Breaker Property Tax Cap Credits
Selected Benchmark Local Governments:
Total 2010 Per Capita
Local Unit Credits Population Credits
South Bend Civil City 35,874,959$ 101,168 355$
Anderson Civil City 13,595,474 56,120 242
East Chicago Civil City 5,409,251 29,698 182
Elkhart Civil City 9,441,098 50,949 185
Evansville Civil City 14,120,353 117,429 120
Fort Wayne Civil City 18,165,506 253,691 72
Gary Civil City 41,491,169 80,294 517
Goshen Civil City 2,694,868 31,719 85
Hammond Civil City 9,319,816 80,830 115
Jeffersonville Civil City 5,174,836 44,953 115
Kokomo Civil City 10,172,217 45,468 224
Lafayette Civil City 2,372,491 61,140 39
LaPorte Civil City 2,997,346 22,053 136
Mishawka Civil City 5,847,754 48,252 121
Muncie Civil City 16,726,660 70,085 239
Noblesville Civil City 4,374,702 51,969 84
Saint Joseph County 8,838,939 266,931 33
South Bend School Corporation 7,596,680 101,168 75
Terre Haute Civil City 228,307 60,785 4
Note: 2019 County Abstract Detailed Information not available
Sources - Circuit Breaker Report. Prepared by the Legislative Services Agency, December 20, 2019 (www.iga.in.gov).
County Property Tax Studies, Saint Joseph County, Property Tax Changes in Saint Joseph County between
2015 and 2016. Prepared by the Legislative Services Agency, October 2018. (www.iga.in.gov).
U.S. Census Bureau, 2010 Census information (http://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.
December 31, 2019
239
City of South Bend, Indiana20192010Net AssessedPercent Net Assessed PercentTaxpayerType of BusinessValue (1)Rankof TotalValue (2)Rankof TotalUniversity of Notre DameHigher Education74,038,193$ 1 2.67%0.00%Indiana Michigan Power Company - AEPUtility69,407,150 2 2.50% 111,616,770 1 20.61%Edward Rose of IndianaApartments and Real Estate 37,666,940 5 1.36%0.00%Honeywell International, Inc.Airplane and Auto Parts47,202,386 3 1.70% 43,553,580 2 8.04%Federal-Mogul Powertrain SystemsAutomotive Parts33,843,490 6 1.22% 22,691,030 4 4.19%Steel Warehouse Co., Inc. / Lock Joint Tube LLC Steel Processing38,850,661 4 1.40%ComcastTelecommunications0.00% 21,286,680 5 3.93%Indiana Bell - AT&T Inc.Telecommunications28,736,650 7 1.04% 34,275,700 3 6.33%JVE Investments LLC / The Tire Rack, Inc.Telecommunications26,081,890 8 0.94%Eddy Property Development, Inc. / South Bend Clinic LHealth Care24,186,390 9 Wal MartRetail Store19,453,080 10 0.00%MeijerRetail Store- 8,359,880 10 1.54%United Parcel ServiceParcel Delivery- 12,085,550 6 2.23%New Energy CorporationEthanol Plant- 10,685,990 7 1.97%Robert Bosch CorporationAutomotive Supplier- 10,680,020 8 1.97%South Bend Tribune CompanyNewspaper Publishing- 8,378,600 9 1.55%Total Net Assessed Value - Ten Largest Taxpayers399,466,830$ 12.84%283,613,800$ 52.36%Total Net Assessed Value (3) 2,770,936,681$ 100.00%541,687,537$ 100.00%Source: (1) Crowe Horwath LLP(2) 2009 Comprehensive Annual Financial Report(3) St. Joseph County Auditor(3) St. Joseph County AuditorPrincipal Property Taxpayers - Current and Nine Years AgoDecember 31, 2019240
City of South Bend, Indiana
Local Income Tax Revenue
Last Ten Years
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
2010 (2) 0.40% 22,789,919 90.89% 8,321,633 80.41% 36.51% 9,090,415
2011 (3) 0.40% 18,826,685 -17.39% 7,300,866 -12.27% 38.78% 7,300,866
2012 (4) 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
2016 0.40% 23,733,626 2.83% 9,594,602 4.50% 40.43% 9,594,602
2017 0.40% 26,149,949 10.18% 10,600,122 10.48% 40.54% 10,600,122
2018 (5) 0.40% 26,745,547 2.28% 11,885,489 12.13% 44.44% 11,885,489
2019 0.40% 28,586,914 6.88% 11,831,812 -0.45%41.39%11,831,812
Total 230,237,451$ 94,014,529$ 40.83%95,527,470$
(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) In 2011, the State of Indiana underpaid due to an accounting error.
(4) The City's 2012 CEDIT distribution included $744,159, the amount the State of Indiana underpaid the City in 2011.
(5) The City's 2018 CEDIT distribution included $1,164,530 of Supplemental and One Time distributions.
Source - State of Department of Local Government Finance CEDIT Distribution Reports
City of South Bend Accounting Records
241
City of South Bend, IndianaLocal Income Tax RevenueLast Ten YearsTotalSouth BendSouth Bend Actual CityDistribution COIT County COIT Rate of COIT Rate of as a Percent CollectionsYearTax Rate (1)DistributionsGrowthDistributionGrowthof TotalDuring Year20100.60% 25,147,806 -6.77% 7,855,776$ -12.25% 31.24% 7,648,824 2011 (2) 0.60% 19,907,430 -20.84% 6,458,586 -17.79% 32.44% 7,097,462 2012 (3) 0.60% 22,536,457 13.21% 7,691,991 19.10% 34.13% 8,610,742 20130.60% 22,923,958 1.72% 7,846,939 2.01% 34.23% 7,846,939 20140.60% 25,275,541 10.26% 8,645,811 10.18% 34.21% 8,645,811 20150.60% 26,435,155 4.59% 8,859,912 2.48% 33.52% 8,859,912 20160.60% 27,898,910 5.54% 9,454,023 6.71% 33.89% 9,454,023 20170.60% 31,321,416 12.27% 10,459,265 10.63% 33.39% 10,459,265 2018 (4) 0.60% 31,947,819 2.00% 12,188,922 16.54% 38.15% 12,188,922 20190.60% 35,539,674 11.24% 12,148,294 -0.33% 34.18% 12,148,294 Total 268,934,166$ 91,609,519$ 34.06%92,960,194$ (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) In 2011, the State of Indiana underpaid due to an accounting error.(3) The City's 2012 COIT distribution included $918,751, the amount the State of Indiana underpaid the City in 2011.(4) The City's 2018 COIT distribution included Supplemental and One Distributions totaling $1,433,440. Source - State of Indiana Department of Local Government Finance COIT Distribution Reports City of South Bend Accounting RecordsCounty Option Income Tax (COIT) Revenue242
City of South Bend, Indiana
Local Income Tax Revenue
Last Ten Years
Total South Bend South Bend Actual City
Distribution PS LOIT County LOIT Rate of LOIT Rate of as a Percent Collections
Year Tax Rate Distributions Growth Distribution Growth of Total During Year
2010 (1) 0.25% 13,846,267$ 100.00% 6,078,454$ 100.00% 43.90% 6,078,454$
2011 (2) 0.25% 11,371,882 -17.87% 5,293,619 -12.91% 46.55% 5,293,619
2012 (3) 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
2016 0.25% 14,237,777 3.67% 6,791,160 5.03% 47.70% 6,791,160
2017 0.25% 15,673,247 10.08% 7,467,618 9.96% 47.65% 7,467,618
2018 (4) 0.25% 15,986,699 2.00% 8,487,336 13.66% 53.09% 8,487,336
2019 0.25% 17,784,064 11.24% 8,560,555 0.86% 48.14% 8,560,555
Total 139,213,910$ 67,473,651$ 48.47%68,022,948$
(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) In 2011, the State of Indiana underpaid due to an accounting error.
(3) The City's 2012 PS LOIT distribution included $549,267, the amount the State of Indiana underpaid the City
in 2011.
(4) The City's 2018 LOIT distribution included Supplemental and One Time distributions of $857,797.
Source - State of Indiana Department of Local Government Finance LOIT Public Safety Distribution Reports
City of South Bend Accounting Records
Public Safety Local Option Income Tax (PS LOIT) Revenue
243
City of South Bend, Indiana
Unit of Government 2010 2011 2012 2013
Total County Certified Distribution 33,231,041$ 27,292,516$ 29,898,874$ 29,898,874$
Less: Homestead Credit (1)(8,083,235) (7,385,086) (7,362,417) (6,974,918)
Total Distributive Shares 25,147,806$ 19,907,430$ 22,536,457$ 22,923,956$
Distributive Shares/Total County Distribution 75.68% 72.94%75.38% 76.67%
Amount
St. Joseph County 9,819,576$ 7,383,180$ 7,986,750$ 8,460,192$
Townships 1,168,352 1,054,827 1,244,481 954,332
City of South Bend - Civil City 7,677,730 6,304,224 7,511,976 7,711,609
City of South Bend - Redevelopment 178,046 154,363 184,790 135,330
Other Cities & Towns 3,462,786 2,667,400 3,077,335 3,137,086
Libraries 2,042,942 1,762,365 1,879,376 1,849,933
Special Districts 798,374 581,071 651,749 675,474
Total 25,147,806$ 19,907,430$ 22,536,457$ 22,923,956$
Percentage of Distribution
St. Joseph County 39.05% 37.09% 35.44% 36.91%
Townships 4.65% 5.30% 5.52% 4.16%
City of South Bend - Civil City 30.53% 31.67% 33.33% 33.64%
City of South Bend - Redevelopment 0.71% 0.78% 0.82% 0.59%
Other Cities & Towns 13.77% 13.40% 13.65% 13.68%
Libraries 8.12% 8.85% 8.34% 8.07%
Special Districts 3.17% 2.91% 2.90% 2.95%
Total 100.00% 100.00% 100.00% 100.00%
(1) A portion of the county option income tax is used for property tax relief through homestead credits for residen
Source - State of Indiana Department of Local Government Finance COIT Distribution Reports
Total
244
2014 2015 2016 2017 2018 2019
32,344,207$ 32,962,518$ 34,170,664$ 37,640,869$ 38,393,656$ 42,710,208$
(7,068,666) (6,527,363) (6,271,754) (6,319,453) (6,445,837) (7,170,534)
25,275,541$ 26,435,155$ 27,898,910$ 31,321,416$ 31,947,819$ 35,539,674$
78.15% 80.20% 81.65% 83.21% 83.21% 83.21%
9,314,201$ 9,611,416$ 9,983,016$ 10,908,099$ 11,290,728 12,351,986
1,069,408 1,541,211 1,695,662 2,396,851 1,978,069 3,506,429
8,483,839 8,754,940 9,275,956 10,267,284 10,781,364 12,148,294
161,972 104,972 178,067 191,981 124,929 70,356
3,378,481 3,508,422 3,683,131 4,118,009 4,317,405 4,868,878
2,126,185 2,144,046 2,279,241 2,541,672 2,569,360 2,889,567
741,455 770,148 803,837 897,520 885,964 1,054,424
25,275,541$ 26,435,155$ 27,898,910$ 31,321,416$ 31,947,819$ 36,889,934$
36.85% 36.36% 35.78% 34.83% 35.34% 33.48%
4.23% 5.83% 6.08% 7.65% 6.19% 9.51%
33.57% 33.12% 33.25% 32.78% 33.75% 32.93%
0.64% 0.40% 0.64% 0.61% 0.39% 0.19%
13.37% 13.27% 13.20% 13.15% 13.51% 13.20%
8.41% 8.11% 8.17% 8.11% 8.04% 7.83%
2.93% 2.91% 2.88% 2.87% 2.77% 2.86%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
ntial property owners.
l County Income Tax Distributions by Taxing Unit
Last Ten Years
245
City of South Bend, Indiana
Ten Largest Water Customers
Percentage of
Total Water
2019 Operating Usage
Name Revenue Revenue CCF*
South Bend Community School Corporation 197,479 0.97% 101,001
Memorial Hospital of South Bend 165,182 0.81% 101,875
Irish Hills Apartments 120,641 0.59% 69,809
Indiana University South Bend 112,197 0.55% 55,235
Housing Authority of South Bend 95,841 0.47% 42,473
Honeywell Aerospace Company 92,660 0.45% 34,524
Indian Springs Apartments and Townhomes 88,014 0.43% 47,398
Holy Cross Care Services 54,257 0.27% 36,318
McCormick & Company 53,692 0.26% 42,412
Aramark Uniform Services 52,586 0.26% 45,956
Total of Ten Largest Water Customers 1,032,549$ 5.06%
Total for Operating Revenue for Water Works 20,406,057$ 100.00%
*Hundreds of Cubic Feet
Source: City of South Bend Water Utility
December 31, 2019
246
City of South Bend, IndianaTen Largest Sewage Works CustomersDecember 31, 2019Percentage ofHeavy Total WaterMetered Demand 2019 Sewer UsageNameRevenueSurchargeRevenueRevenueCCF*I/NTEK Plant2,146,214$ -$ 2,146,214$ 5.28% 745,567 University of Notre Dame1,273,346 - 1,273,346 3.14% 504,709 Noble Americas South Bend Ethenol1,321,908 - 1,321,908 3.25% 334,787 Memorial Hospital428,198 - 428,198 1.05% 88,636 South Bend Community School Corp395,539 - 395,539 0.97% 74,133 Town of New Carlisle289,172 - 289,172 0.71% 82,468 Irish Hills Apartments243,827 - 243,827 0.60% 60,155 Housing Authority of South Bend235,091 - 235,091 0.58% 27,739 Alliedsignal Aerospace Co232,509 - 232,509 0.57% 32,418 Indian Springs226,294 - 226,294 0.56% 39,591 Total of Ten Largest Sewer Customers6,792,098$ -$ 6,792,098$ 16.72%Total Operating Revenue for Wastewater40,616,333$ *Hundreds of Cubic FeetSource: City of South Bend Sewage Works Utility247
City of South Bend, Indiana
Gasoline Tax Collections - Cash Basis
December 31, 2019
LR&S MVH Total Gas %
Year Fund Fund Tax Change
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%
2016 1,046,446 3,640,561 4,687,007 -0.80%
2017 1,334,565 3,829,167 5,163,732 10.17%
2018 1,827,580 4,717,972 6,545,552 26.76%
2019 1,858,579 2,176,158 4,034,737 -38.36%
Source: City Accounting Records
Last Ten Fiscal Years
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 of Indiana.
The formula 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 2016. Legislation passed by the Indiana
General Assembly in 2017 to increase gas tax caused large increase seen in
2018.
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
Gasoline Tax
LR&S
Fund
MVH
Fund
Total
Gas Tax
248
City of South Bend, Indiana
Wheel and Excise Surtax Collections
Cash Basis
Last Ten Years
2019 %
Year Wheel Tax Change
2010 1,975,397 4.30%
2011 1,863,283 -5.68%
2012 1,795,538 -3.64%
2013 2,045,213 13.91%
2014 1,637,707 -19.92%
2015 2,135,441 30.39%
2016 2,006,547 -6.04%
2017 2,211,731 10.23%
2018 2,152,758 -2.67%
2019 2,065,786 -4.04%
Source: City of South Bend Accounting Records
Effective January 1, 2004, St. Joseph County enacted a wheel tax and
annual license excise surtax as allowed by Indiana State law to provide
additional funding for road maintenance and repair. Indiana 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.
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.
249
City of South Bend, Indiana Hotel/Motel Tax Revenue - Cash Basis - City DistributionsLast Ten Fiscal Years------------------------------------Paid to City of South Bend----------------------------------- -------------------------Direct Payments----------------------- Century Professional Cumulative 2008 Century Center Subtotal: 1992 Century 2008OtherCenter Sports Develop. Capital Impr. Century Center Energy Paid to City Center Century Center Century Center Total Hotel/ %YearFundFundFundBondsDebt Servof South BendBondsBondsProjectsMotel TaxChange2009 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%2016 1,313,450 - 150,000 396,000 1,859,450 - - 713,601 2,573,051 -12.25%2017 1,275,000 - 150,000 394,000 1,819,000 - - 546,965 2,365,965 -8.05%2018 1,275,000 - 395,000 221,437 1,891,437 - - 687,192 2,578,629 8.99%2019 1,275,000 - - 396,500 221,437 1,892,937 - - 1,292,506 3,185,443 23.53%Source: City of South Bend Accounting Records and Saint Joseph County Auditor's OfficeThe 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 2017 to all organizations was $4,416,002. The cash balance in the County Hotel/Motel Tax Fund was $5,453,192 at December 31, 2017.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.CenturyCenterFundCumulativeCapital Impr.Fund2008Century CenterBonds250
City of South Bend, Indiana
Professional Sports Development (PSDA) Tax - Cash Basis
Total PSDA %
Year Tax Change
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%
2016 760,390 21.03%
2017 409,659 -46.13%
2018 - 0.00%
2019 - 0.00%
Source: City of South Bend Accounting Records
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. PSDA tax revenue is 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.
Last Ten Fiscal Years
The Professional Sports Development Area (PSDA) tax is a combination of Indiana 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 ended in 2017.
The City expects one more payment of PSDA tax to be received in 2019.
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.
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018Dollars
Year
PSDA Tax Collections - Ten Year Trend
251
City of South Bend, Indiana
Cable Television Franchise Fee Collections - Cash Basis
Last Ten Years
Total %
Year Comcast AT&T Franchise Fees Change
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%
2016 749,565 256,611 1,006,176 0.06%
2017 771,128 156,394 927,522 -7.82%
2018 714,471 226,562 941,033 1.46%
2019 707,836 132,332 840,169 -10.72%
Source: City of South Bend Accounting Records
Pursuant to Indiana 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 ($43,000) are spent on support of the local public access channel.
Under Indiana State law, the City is required to submit an Annual Franchise Fee Report (State Form
55122) summarizing franchise fee revenue received during the year and the purpose for which the
revenue was expended. The report must be file with the Indiana Utility Regulatory Commission by March
1st of the following year.
252
Debt Capacity
These schedules contain information to help the reader assess the affordability of the City's current
levels of outstanding debt and the City's ability to issue additional debt in the future.
253
City of South Bend, Indiana
Computation of Legal Debt Margin
ESTIMATED December 31, 2019
Civil City
Net Assessed Valuation (2018 pay 2019) of Taxable Property in South Bend 2,726,534,082$
Debt limit: 2% of one third thereof 18,176,894
Less Bonds subject to limitation:
Economic Development Income Tax Bonds of 2015 (Parks Bond)(4,650,000)
Economic Development Income Tax Bonds of 2018 (Zoo Bond)(3,340,000)
General Obligation Bonds, Series 2018 (Fire Station #9)(4,700,000)
Issuance Margin 5,486,894$
Percentage of Debt to Debt Limit 69.81%
Park District
Net Assessed Valuation (2018 pay 2019) of Taxable Property in South Bend 2,726,534,082$
Debt limit: 2% of one third thereof 18,176,894
Less Bonds subject to limitation:
Park District Bonds, Series 2017 (A-K) (12,575,000)
Issuance Margin 5,601,894$
Percentage of Debt to Debt Limit 69.18%
Redevelopment District
Net Assessed Valuation (2018 pay 2019) of Taxable Property in South Bend 2,726,534,082$
Debt limit: 2% of one third thereof 18,176,894
Less Bonds subject to limitation:
Special Taxing District Bonds of 2014 (925,000)
Redevelopment District Bonds of 2018 (TIF Parks Bond) (10,930,000)
Issuance Margin 6,321,894$
Percentage of Debt to Debt Limit 65.22%
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.
254
City of South Bend, Indiana Legal Debt Margin Information2010201120122013201420152016201720182019Civil CityDebt Limit (1) 16,356,704$ 15,495,323$ 15,599,467$ 15,579,379$ 14,731,511$ 15,068,462$ 15,181,132$ 16,109,715$ 16,655,845$ 18,176,894$ Total Net Debt Applicable To Limit 9,850,000 8,910,000 7,650,000 6,335,000 4,970,000 7,270,000 5,835,000 5,190,000 13,390,000 12,690,000 Debt Margin 6,506,704 6,585,323 7,949,467 9,244,379 9,761,511 7,798,462 9,346,132 10,919,715 3,265,845 5,486,894 Percentage of Debt Limit 60.22% 57.50% 49.04% 40.66% 33.74% 48.25% 38.44% 32.22% 80.39% 69.81%Park DistrictDebt Limit (1) 16,356,704$ 15,495,323$ 15,599,467$ 15,579,379$ 14,731,511$ 15,068,462$ 15,181,132$ 16,109,715$ 16,655,845$ 18,176,894$ Total Net Debt Applicable To Limit - - - - - - - 14,075,000 13,725,000 12,575,000 Debt Margin16,356,704 15,495,323 15,599,467 15,579,379 14,731,511 15,068,462 15,181,132 2,034,715 2,930,845 5,601,894 Percentage of Debt Limit0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 87.37% 82.40% 69.18%Redevelopment DistrictDebt Limit (1)16,356,704$ 15,495,323$ 15,599,467$ 15,579,379$ 14,731,511$ 15,068,462$ 15,181,132$ 16,109,715$ 16,655,845$ 18,176,894$ Total Net Debt Applicable To Limit 4,715,000 4,085,000 4,085,001 3,405,000 3,010,000 2,615,000 2,210,000 1,795,000 12,955,000 11,855,000 Debt Margin11,641,704 11,410,323 11,514,466 12,174,379 11,721,511 12,453,462 12,971,132 14,314,715 3,700,845 6,321,894 Percentage of Debt Limit28.83% 26.36% 26.19% 21.86% 20.43% 17.35% 14.56% 11.14% 77.78% 65.22%(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.Last Ten Fiscal Years255
City of South Bend, IndianaRatios of Outstanding Debt by TypeSouth Bend South BendGeneralTotal Debt Estimated DebtFiscal Obligation Revenue Mortgage Notes/Loans Capital Revenue Mortgage Notes/Loans Capital Primary Estimated Per Personal Percent ofYearBondsBondsBondsPayableLeasesBondsBondsPayableLeasesGovernmentPopulation (1)CapitaIncome (2)Income2010- 111,510,000 21,117,295 6,323,199 5,299,341 72,655,000 717,705 16,755,369 799,402 235,177,311 101,168 2,325 3,505,572,368 6.71%2011- 101,472,431 19,724,490 4,431,871 7,510,749 88,655,000 660,510 15,542,372 1,077,642 239,075,065 101,168 2,363 3,371,120,096 7.09%2012- 96,410,000 17,883,530 4,953,639 8,336,120 117,650,000 601,470 13,848,901 3,641,362 263,325,022 101,168 2,603 3,371,120,096 7.81%2013- 90,172,826 23,079,781 3,030,554 8,777,238 118,121,963 546,973 4,121,010 3,831,933 251,682,278 101,168 2,488 3,371,120,096 7.47%2014- 84,862,512 21,331,548 1,617,491 8,481,375 111,209,874 480,604 3,794,664 3,307,802 235,085,870 101,168 2,324 3,371,120,096 6.97%2015- 107,815,890 13,904,973 4,831,752 8,491,407 102,871,921 5,851,565 3,458,899 4,411,042 251,637,449 101,168 2,487 3,371,120,096 7.46%2016- 99,040,132 12,091,550 4,647,381 10,929,075 95,477,047 5,556,865 2,582,205 6,585,123 236,909,378 101,168 2,342 3,492,622,864 6.78%201714,081,478 111,887,531 10,224,972 4,437,115 9,795,612 87,219,814 5,255,484 2,398,821 7,456,169 252,756,996 101,168 2,498 3,492,622,864 7.24%201818,737,645 120,483,913 8,300,854 4,108,822 12,832,195 80,178,104 4,951,979 2,231,783 7,994,705 259,820,000 101,168 2,568 3,492,622,864 7.44%201917,795,347 122,393,330 6,314,196 3,761,150 10,422,338 70,710,436 4,636,444 2,016,089 6,300,202 244,349,532 103,869 2,352 3,585,869,487 6.81%Percent of Total Debt7.28% 50.09% 2.58% 1.54% 4.27% 28.94% 1.90% 0.83% 2.58% 100.00%Sources: City of South Bend Comprehensive Annual Financial Reports (1) U.S. Census Bureau, 2010 Census information (http://factfinder.census.gov/). 2016 information not available.Census information is now found on an updated webpage (data.census.gov/cedsci/ (2020) (2) City of South Bend estimated personal income is computed as estimated City population x City of South Bend Median Household Income from U.S. Census Bureau,2012 - 2016 American Community Seruvery 5-Year Estimates (http://factfinder.census.gov/) Last Ten Fiscal YearsGovernmental ActivitiesBusiness-Type Activities0 $20 M $40 M $60 M $80 M $100 M $120 M $140 M $160 M $180 M2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Governmental Activities DebtCapitalLeasesNotes/LoansPayableMortgageBondsRevenueBondsGeneralObligationBonds $20 M $40 M $60 M $80 M $100 M $120 M $140 M2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Business-Type Activities DebtCapitalLeasesNotes/LoansPayableMortgageBondsRevenueBonds256
City of South Bend, IndianaComputation of Direct and Overlapping Debt December 31, 2019Percentage AmountRatio of Debt/ Ratio of Debt/Gross Applicable to Applicable to Debt Per Net Assessed PersonalDebtSouth BendSouth BendCapitaValueIncomeDirect Debt:City of South BendGeneral Obligation Bonds 17,795,347$ 100.00% 17,795,347$ Revenue Bonds - Governmental Activities 122,393,330 100.00% 122,393,330$ Mortgage Bonds - Governmental Activities 6,314,196 100.00% 6,314,196 Notes Payable - Governmental Activities 3,761,150 100.00% 3,761,150 Capital Leases - Governmental Activities 10,422,338 100.00% 10,422,338 Total Direct Debt and Lease Obligation Debt 160,686,361 1,547$ 5.80% 4.21%Overlapping Debt (1)South Bend Community School Corporation 75,854,031$ 53.41% 40,513,638$ South Bend Public Transport 849,482 64.07% 544,263 St. Joseph County Public Library 18,870,000 50.06% 9,446,322 St. Joseph County Airport Authority 8,435,000 29.14% 2,457,959 St. Joseph County 100,222,989 29.14% 29,204,979 St. Joseph County Solid Waste Management 395,911 29.14% 115,368 Penn-Harris-Madison School Corporation 54,475,949 2.67% 1,454,508 Mishawaka-Penn-Harris Public Library 1,895,000 2.20% 41,690 Total Overlapping and Underlying Direct Debt and Lease Obligations 83,778,727 807$ 3.02% 2.20%Total Direct Debt and Lease Obligation Debt and Overlapping and 244,465,088$ 2,354$ 8.82% 6.41%Underlying Direct Debt and Lease ObligationsRatio FactorsNet Assessed Valuation (2017 payable 2018) 2,770,936,681 Population - 2010 Census 103,869 South Bend Median Household Income 2016 36,711 Estimated South Bend Total Personal Income (2 x 3) 3,813,134,859 (1) Overlapping debt percentages are based on the net assessed value of South Bend properties in proportion to the total net assessed value.(2) U.S. Census Bureau, 2010 Census information (http://factfinder.census.gov/). 2016 information not available.(3) U.S. Census Bureau, 2012-2016 American Community Survey 5-Year Estimates (http://factfinder.census.gov/)257
City of South Bend, Indiana
Last Ten Fiscal Years
December 31, 2019
Total Ratio of Debt Service
Fiscal Total Debt Governmental Fund To Governmental Fund
Year Principal Interest Service Expenditures Expenditures
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%
2016 - - - 170,976,084 0.00%
2017 - - - 174,542,237 0.00%
2018 426,149 288,967 715,116 14,124,590 5.06%
2019 942,298 562,846 1,505,144 216,480,126 0.70%
Source - City of South Bend Comprehensive Annual Financial Reports
Ratio of Annual Debt Service Expenditures For
General Obligation Bonded Debt to Total
Governmental Fund Expenditures
258
City of South Bend, IndianaPercent of NetGross Debt Service Net GO Bonded Debt Net GOTax Year/ Net Assessed General Obligation Monies General Obligation To Net Assessed Bonded DebtCollection YearPopulation (1)ValueBonded DebtAvailableBonded DebtValuePer Capita2009/2010101,168 2,453,505,573 - - - 0.00%- 2010/2011101,168 2,324,451,862 - - - 0.00%- 2011/2012101,168 2,380,874,608 - - - 0.00%- 2012/2013101,168 2,371,087,697 - - - 0.00%- 2013/2014101,168 2,209,726,672 - - - 0.00%- 2014/2015101,168 2,260,269,318 - - - 0.00%- 2015/2016101,168 2,277,169,743 - - - 0.00%- 2016/2017101,168 2,327,500,241 18,737,645 18,737,645 0.81%185 2017/2018101,168 2,416,457,221 - - - 0.00%- 2018/2019102,026 2,770,936,681 17,795,347 - 17,795,347 0.64%174 The City of South Bend has no General Obligation bonded debt.(1) U.S. Census Bureau, 2010 Census information (http://factfinder.census.gov/). 2017 information not available. Last Ten Fiscal YearsRatio of Net General Obligation Bonded Debt to Net Assessed Valuation and Net Bonded Debt Per Capita259
Projected 2011 B 20132015 Hotel/Motel Century Center Century Center Century CenterEstimatedTaxRefunding Refunding Energy Conservation Total Annual ExcessEstimatedYearRevenuesBonds (1)BondsBondsDebt ServiceFundsCoverage2020 4,942,869 - 396,500 280,090 676,590 4,266,279 730.56%2021 4,992,298 - 397,000 285,614 682,614 4,309,684 731.35%2022 5,042,221 - 396,500 291,274 687,774 4,354,447 733.12%2023 5,092,643 - 395,000 297,175 692,175 4,400,468 735.75%2024 5,143,570 - 394,500 303,221 697,721 4,445,849 737.20%2025 5,195,005 - 396,000 309,315 705,315 4,489,690 736.55%2026 5,246,955 - 283,500 315,561 599,061 4,647,894 875.86%2027 5,299,425 - 84,500 321,964 406,464 4,892,961 1303.79%2028 5,352,419 - - 328,529 328,529 5,023,890 1629.21%2029 5,405,943 - - 335,259 335,259 5,070,684 1612.47%2030 5,460,003 - - 342,159 342,159 5,117,844 1595.75%2031 5,514,603 - - 349,334 349,334 5,165,269 1578.60%2032 5,569,749 - - 176,508 176,508 5,393,241 3155.52%2033 5,625,446 - - - - 5,625,446 n/aTotal78,777,080$ -$ 3,138,500$ 4,098,705$ 7,237,205$ 71,539,875$ Source: Saint Joseph County Hotel/Motel Tax Board financial reportsCity of South Bend Debt Schedules(1) $150,000 paid from hotel/motel tax revenue. The balance paid from City of South Bend revenue sources.City of South Bend, IndianaSaint Joseph County Hotel/Motel Tax BoardStatement of Estimated Cash Flow and Debt Service Coverage260
City of South Bend, Indiana Last Ten YearsGrossNet RevenueOperating Operating Available forDebtYearRevenueExpenses (1)Debt ServicePrincipalInterestTotalCoverage2010 13,513,995 8,560,390 4,953,605 2,605,840 937,293 3,543,133 139.81%2011 14,032,074 9,301,552 4,730,522 2,729,925 823,265 3,553,190 133.13%2012 14,190,243 9,021,274 5,168,969 821,847 823,944 1,645,791 314.07%2013 13,783,701 10,665,913 3,117,788 1,241,768 809,673 2,051,441 151.98%2014 14,373,176 10,105,709 4,267,467 1,251,588 769,025 2,020,613 211.20%2015 14,204,285 10,651,321 3,552,964 1,319,285 732,394 2,051,679 173.17%2016 15,091,372 12,081,699 3,009,673 977,113 623,226 1,600,339 188.06%2017 15,283,325 11,421,026 3,862,299 1,606,652 623,909 2,230,561 173.15%2018 16,767,283 11,766,084 5,001,199 394,873 319,700 714,573 699.89%2019 20,787,828 13,420,538 7,367,290 6,885,735 925,031 7,810,767 94.32%(1) Operating expenses exclude depreciation.Operating revenue used to make debt service payments is obtained primarily through monthly user charges to wateSource - City of South Bend Comprehensive Annual Financial Report. Schedule of Revenue Bond CoverageWater Utility BondsDebt Service Requirements261
City of South Bend, Indiana Last Ten YearsGrossNet RevenueOperating Operating Available forDebtYearRevenueExpenses (1)Debt ServicePrincipalInterestTotalCoverage201025,444,404 12,193,363 13,251,041 3,385,205 2,314,275 5,699,480 232.50%201129,023,547 14,869,660 14,153,887 3,867,584 2,737,027 6,604,611 214.30%201230,963,483 13,777,728 17,185,755 4,736,450 3,489,057 8,225,507 208.93%201331,926,078 11,526,554 20,399,524 5,080,425 3,354,156 8,434,581 241.86%201434,009,117 14,313,967 19,695,150 6,320,626 3,376,045 9,696,671 203.11%2015 (3) 36,635,501 13,557,598 23,077,903 4,691,336 3,419,351 8,110,687 284.54%201639,061,562 16,920,370 22,141,192 7,522,453 2,342,132 9,864,586 224.45%201738,794,212 22,942,677 15,851,535 7,666,400 2,197,813 9,864,213 160.70%201839,931,429 16,218,116 23,713,313 7,892,085 2,052,348 9,944,433 238.46%201942,455,078 22,828,605 19,626,473 6,652,079 1,873,664 8,525,743 230.20%(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 not 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 ReportSchedule of Revenue Bond CoverageWastewater Utility BondsDebt Service Requirements262
City of South Bend, IndianaMunicipal Sewage Works2010201120122013201420152016201720182019Capacity (MGD)48 48 48 48 48 48 48 48 48 48 Average Daily Flow30.86 35.80 31.77 30.69 32.00 30.20 43.87 35.80 38.47 37.72 Peak Flow62.00 72.50 63.70 62.50 68.50 57.70 67.80 62 71 71 Annual Flow (MG)11,264 13,068 11,596 11,203 11,677 11,023 16,014 13,067 14,042 13,077 Number of Customers - South Bend Municipal Sewage WorksTotal NumberYearof Customers201038,455 201139,027 201239,068 201339,322 201439,461 201539,763 201640,073 201740,543 201840,679 201940,547 Source: City of South Bend Environmental Services DepartmentAnnual Wastewater Flow Data263
City of South Bend, Indiana
Statement of City-Owned Utility Debt
December 31, 2019
South Bend Municipal Sewage Works
Sewage Works State Revolving Fund (SRF) Loan of 2009 1,748,401$
Sewage Works Revenue Bonds of 2010 5,925,000
Sewage Works Revenue Bonds of 2011 14,535,000
Sewage Works Revenue Bonds of 2012 17,660,000
Sewage Works Revenue Bonds of 2013 A 3,450,000
Sewage Works Refunding Revenue Bonds of 2015 17,200,000
Total Sewage Utility Debt 60,518,401
South Bend Municipal Waterworks
Waterworks Revenue Bonds of 2009, Series A
State Revolving Fund (SRF) Loan 267,688$
Waterworks Revenue Bonds of 2009, Series B
Indiana Bond Bank 2,814,257
Waterworks Revenue Bonds of 2012 1,235,000
Waterworks Revenue Refunding Bonds of 2012, Series B 5,840,000
Waterworks Refuding Bonds of 2016 2,035,000
Total Water Utility Debt 12,191,945
Total Utility Debt 72,710,346$
Source: City of South Bend Finance Department
264
City of South Bend, Indiana
Operating Revenues 42,455,078$
Less: Operation and Maintenance Expenses (Net of Depreciation) (22,828,605)
Net Revenues Available for Debt Service 19,626,473
Estimated Combined Annual Debt Service 8,525,743
Coverage - $11,100,730$
Coverage - %230.20%
Estimated Debt Service Coverage Calculation of Sewage Works
December 31, 2019
265
City of South Bend, Indiana
Operating Revenues 20,787,828$
Less: Operation and Maintenance Expenses (Net of Depreciation) (13,420,538)
Net Revenues Available for Debt Service 7,367,290
Estimated Combined Maximum Annual Debt Service 7,810,767
Coverage - $(443,477)$
Coverage - %94.32%
December 31, 2019
Estimated Debt Service Coverage Calculation of Water Utility
266
City of South Bend, Indiana
Projected City of South Bend COIT Revenue
0.6% COIT Tax Rate
Levy is used to Distribute COIT
Projected
St. Joseph County COIT Amount
Year of Projected Projected Available For
Collection Distribution COIT Debt Service
2019 35,539,674$ 34.18%12,148,294$
2020 36,250,467 34.18%12,391,260
2021 36,975,477 34.18%12,639,085
2022 37,714,986 34.18%12,891,867
2023 38,469,286 34.18%13,149,704
2024 39,238,672 34.18%13,412,698
2025 40,023,445 34.18%13,680,952
2026 40,823,914 34.18%13,954,571
2027 41,640,392 34.18%14,233,663
2028 42,473,200 34.18%14,518,336
2019 43,322,664 34.18%14,808,703
Total 147,829,133$
Source: Department of Local Government Finance (DLGF)
Estimated 2% increase to COIT distributions due to improving economic conditions.
Starting in 2017, COIT is part of the new Local Income Tax (LIT) category.
267
City of South Bend, Indiana
Projected City of South Bend CEDIT Revenue
0.4% 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
2019 28,586,914 41.39%11,831,812
2020 29,158,652 41.39%12,068,448
2021 29,741,825 41.39%12,309,817
2022 30,336,662 41.39%12,556,014
2023 30,943,395 41.39%12,807,134
2024 31,562,263 41.39%13,063,276
2025 32,193,508 41.39%13,324,542
2026 32,837,378 41.39%13,591,033
2027 33,494,126 41.39%13,862,854
2028 34,164,008 41.39%14,140,111
2029 34,847,289 41.39%14,422,913
Total 143,977,953$
Source: Department of Local Government Finance (DLGF)
Estimated 2% increase to CEDIT distributions due to improving economic conditions. Starting in
2017, CEDIT is part of the new Local Income Tax (LIT) category.
268
City of South Bend, Indiana
Projected City of South Bend LOIT Revenue
.25% LOIT Tax Rate
Projected
St. Joseph County PS LOIT Amount
Year of Projected Projected Available For
Collection Distribution CEDIT Debt Service
2019 17,784,064$ 48.14%8,560,555$
2020 18,139,745 48.14%8,731,766
2021 18,502,540 48.14%8,906,401
2022 18,872,591 48.14%9,084,529
2023 19,250,043 48.14%9,266,220
2024 19,635,044 48.14%9,451,544
2025 20,027,745 48.14%9,640,575
2026 20,428,299 48.14%9,833,387
2027 20,836,865 48.14%10,030,055
2028 21,253,603 48.14%10,230,656
2029 21,678,675 48.14%10,435,269
Total 93,735,689$
Source: Department of Local Government Finance (DLGF)
Estimated 2% increase to PS LOIT distributions due to improving economic conditions. Starting in 2017, PS
LOIT is part of the new Local Income Tax (LIT) category.
269
City of South Bend, IndianaProjected Redevelopment COITFirst Mortgage First MortgageCity of South Bend District Lease Rental Revenue Revenue RefundingRevenue BondsEstimatedCOIT Taxable Revenue Refunding Bonds of 2010 Bonds, Series 2012 Series 2013 Total Lease Excess EstimatedYearRevenuesBonds, Series 2010Lease PaymentsLease PaymentsLease PaymentsPaymentsFundsCoverage201910,881,819$ 353,970$ 671,144$ 1,557,920$ 398,830$ 2,981,864$ 7,899,955$ 364.93%202011,099,456 - 672,500 1,555,880 396,705 2,625,085 8,474,371 422.82%202111,321,445 - 336,600 1,566,750 399,355 2,302,705 9,018,740 491.66%202211,547,874 - - 1,555,000 396,780 1,951,780 9,596,094 591.66%202311,778,831 - - 779,625 398,980 1,178,605 10,600,226 999.39%202412,014,408 - - - 406,543 406,543 11,607,865 2955.26%202512,254,696 - - - 411,493 411,493 11,843,203 2978.11%202612,499,790 - - - 410,643 410,643 12,089,147 3043.96%202712,749,786 - - - 414,149 414,149 12,335,637 3078.55%202813,004,781 - - - 421,605 421,605 12,583,176 3084.59%202913,264,877 - - - 422,742 422,742 12,842,135 3137.82%203013,530,175 - - - 422,742 422,742 13,107,433 3200.57%203113,800,778 - - - 427,550 427,550 13,373,228 3227.87%203214,076,794 - - - 431,254 431,254 13,645,540 3264.15%203314,358,329 - - - 433,925 433,925 13,924,404 3308.94%203414,645,496 - - - - - 14,645,496 n/a203514,938,406 - - - - - 14,938,406 n/a203615,237,174 - - - - - 15,237,174 n/a203715,541,918 - - - - - 15,541,918 n/aTotal248,546,832$ 353,970$ 1,680,244$ 7,015,175$ 6,193,296$ 15,242,685$ 233,304,147$ 1630.60%Note: These payments include principal and interest.Source: City of South Bend Finance DepartmentStatement of Estimated Cash Flow and Debt Service Coverage (COIT)270
City of South Bend, Indianant of Estimated Cash Flow and Debt Service Coverage (CEDIT)Projected2014City of South Bend St. Joseph County 2015EstimatedCEDIT PSAP Revenue Parks/CEDIT Total Lease Excess EstimatedYearRevenuesBondBondPaymentsFundsCoverage201911,028,367$ 199,242$ 382,731$ 581,973$ 10,446,394$ 1895.00%202011,248,934 199,460 381,131 580,591 10,668,343 1937.50%202111,473,913 199,271 374,381 573,652 10,900,261 2000.15%202211,703,391 199,423 372,556 571,980 11,131,412 2046.12%202311,937,459 199,423 375,581 575,005 11,362,454 2076.06%202412,176,208 199,314 368,381 567,696 11,608,512 2144.85%202512,419,732 154,405 381,031 535,436 11,884,296 2319.55%202612,668,127 155,363 373,231 528,594 12,139,533 2396.57%202712,921,490 154,724 375,356 530,080 12,391,410 2437.65%202813,179,919 155,298 377,181 532,479 12,647,440 2475.20%202913,443,518 154,128 383,616 537,744 12,905,774 2499.98%203013,712,388 154,172 384,038 538,210 13,174,179 2547.78%203113,986,636 154,051 388,463 542,514 13,444,122 2578.12%203214,266,369 153,630 387,175 540,805 13,725,563 2637.99%203314,551,696 153,038 389,813 542,851 14,008,845 2680.61%203414,842,730 153,582 391,781 545,364 14,297,366 2721.62%203515,139,584 - 593,094 593,094 14,546,491 2552.65%203615,442,376 - - - 15,442,376 n/a203715,751,224 - - - 15,751,224 n/a203816,066,248 - - - 16,066,248 n/aTotal267,960,310$ 2,738,526$ 6,679,541$ 9,418,067$ 258,542,243$ 2845.17%Note: These payments include principal and interest.Source: City of South Bend Finance Department271
City of South Bend, Indiana
Estimated Tax Increment Revenue
Erskine Village Project
Estimated 12/13 Estimated
Tax Year /Tax Net Tax Tax Increment
Collection Year Increment (1)Rate (2)Revenue
2012/2013 1,311,129$ 4$ 1,311,129$
2013/2014 9,175 - 9,175
2014/2015 19,183 - 19,183
2015/2016 - - -
2016/2017 - - -
2017/2018 - - -
2018/2019 - - -
(1) The City passed back incremental assessed value for payable year 2013.
The City will make a yearly decision on the pass back of incremental
assessed value. The Redevelopment Commission released TIF for
2013 pay 2014, 2015 pay 2016, 2016 pay 2017,and 2017 pay 2018.
272
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the
environment within which the City's financial activities take place.
273
City of South Bend, IndianaSouth BendSouth BendMetropolitan Metro AreaSouth BendCity of City of Percent Area Percent Total Personal Percent Metro Area Percent City of South Bend PercentSouth Bend Increase/ Median Family Increase/ Income (3) Increase/ Per Capita Increase/ South Bend Public School Increase/YearPopulation (1)(Decrease)Income (2)(Decrease)(Millions)(Decrease)Income (3)(Decrease)Median Age (4)Enrollment (5)(Decrease)2010 101,168 -4.73% 40,789 -6.02% 10,788 1.95% 33,819 2.02%33.4 20,066 -1.88%2011 101,168 0.00% 40,873 0.21% 11,447 6.11% 35,867 6.06%33.3 19,467 -2.99%2012 101,168 0.00% 40,873 0.00% 11,948 4.37% 37,505 4.57%33.3 18,982 -2.49%2013 101,168 0.00% 40,873 0.00% 12,196 2.08% 38,265 2.03%33.3 19,680 3.68%2014 101,168 0.00% 34,656 -15.21% 12,887 5.67% 40,342 5.43%33.9 19,308 -1.89%2015 101,168 0.00% 34,656 0.00% 13,560 5.22% 42,362 5.01%34.0 18,680 -3.25%2016 101,168 0.00% 34,523 -0.38% 14,074 3.79% 43,880 3.58%34.9 18,110 -3.05%2017 101,168 0.00% 35,758 3.58% 14,074 0.00% 43,880 0.00%34.9 17,697 -2.28%2018 101,168 0.00% 35,758 0.00% 14,700 4.45% 45,681 4.10%33.4 17,225 -2.67%2019 102,026 0.85% 32,511 -9.08% 15,232 3.62% 47,244 3.42%32.8 16,725 -2.90%Sources:(1) U.S. Census Bureau, 2010 Census information (http://factfinder.census.gov/). 2017 information not available. - Now known as data.census.gov/cedsci/(2) U.S. Census Bureau, 2013-2017 American Community Survey 5-Year Estimates (http://factfinder.census.gov/)(3) Bureau of Local Economic Analysis, South Bend-Mishawaka, IN_MI Metropolitan Area Profile (https://www.bea.gov/). 2017 information not available.(4) U.S. Census Bureau, Profile of General Demographic Characteristics (http://factfinder.census.gov/)(5) Indiana Department of Education, South Bend School Corporation Total Enrollment (http://compass.doe.in.gov/)Demographic StatisticsLast Ten YearsPersonal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of South Bend-Mishawaka.Metropolitan statistical area (MSA)- An area consisting of a core county or counties in which lies an urban area having a population of at least 50,000, plus adjacent counties having a high degree of social and economic integration with the core counties as measured through commuting ties.274
City of South Bend, Indiana
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)
2010 155,045 0.41%17,869 0.88%11.53%
2011 155,025 -0.01%15,582 -12.80%10.05%
2012 151,520 -2.26%14,085 -9.61%9.30%
2013 150,796 -0.48%13,021 -7.55%8.63%
2014 152,583 1.19%10,040 -22.89%6.58%
2015 154,598 1.32%7,768 -22.63%5.02%
2016 158,279 2.38%7,176 -7.62%4.53%
2017 157,856 -0.27%5,442 -24.16%3.45%
2018 160,969 1.97%5,988 10.03%3.72%
2019 159,616 -0.84%5,445 -9.07%3.41%
Source:
Demographic Statistics (Continued)
Last Ten Years
(1) Bureau of Labor Statistics, Local Area Unemployment Statistics: South Bend-Mishwaka IN-MI
Metropolitan Statistical Area (https://www.bls.gov/data/)
Metropolitan statistical area (MSA)- An area consisting of a core county or counties in which lies an urban
area having a population of at least 50,000, plus adjacent counties having a high degree of social and
economic integration with the core counties as measured through commuting ties.
275
City of South Bend, IndianaEmployment By Type and InLast TeDescription200920102011201220132014201520162017Total employment165,304 163,945 166,847 165,809 165,629 168,314 171,852 175,721 176,231 By Type:Wage and salary employment 135,840 134,643 136,844 136,390 136,105 138,475 141,683 144,810 145,127 Proprietors employment 29,464 29,302 30,003 29,419 29,524 29,839 30,169 30,911 31,104 Farm proprietors employment1,329 1,340 1,342 1,305 1,310 1,303 1,295 1,292 1,277 Nonfarm proprietors employment 28,135 27,962 28,661 28,114 28,214 28,536 28,874 29,619 29,827 By Industry:Farm employment1,765 1,758 1,770 1,685 1,692 1,686 1,690 1,674 1,633 Nonfarm employment163,539 162,187 165,077 164,124163,937 166,628 170,162 174,047 174,598 Private nonfarm employment 145,200 143,893 146,880 146,807 147,148 150,006 153,455 157,232 157,803 Forestry, fishing, and related activities(D) 245 270 301 287 (D) (D)(D) (D)Mining96 117 105 154 173 (D) (D)(D) (D)Utilities(D) (D) (D) (D) (D) (D) (D)(D) (D)Construction7,988 6,909 6,928 6,631 6,811 6,827 7,341 7,736 8,216 Manufacturing16,516 16,280 17,619 17,655 17,139 17,523 18,098 18,444 18,670 Wholesale trade7,057 7,168 7,250 7,097 6,870 7,265 7,477 7,678 7,064 Retail trade18,105 17,711 17,813 17,665 17,612 17,735 17,912 18,186 17,968 Transportation and warehousing(D) 4,332 E (D) (D) (D) (D) (D)(D) (D)Information(D) 2,227 2,080 2,114 2,265 2,266 2,147 2,053 1,993 Finance and insurance6,988 6,814 7,021 6,796 6,212 6,055 6,143 6,188 6,668 Real estate and rental and leasing6,128 5,928 6,100 5,986 6,064 6,271 6,225 6,502 6,423 Professional, scientific, and technical services 7,273 E 7,163 E 7,168 E 6,981 E 7,411 7,419 7,805 (D) 8,149 Management of companies and enterprises 1,246 E 1,306 E 1,403 E 1,513 E 2,194 2,331 2,390 (D) 2,801 Administrative and waste management services8,108 8,524 8,356 7,912 7,785 8,142 8,169 8,657 8,442 Educational services13,067 13,198 E 13,747 14,121 (D) (D) (D) 15,284 (D)Health care and social assistance20,882 20,332 E 21,256 21,870 (D) (D) (D) 23,679 (D)Arts, entertainment, and recreation2,655 2,625 2,811 2,767 2,809 2,749 2,742 2,852 3,132 Accommodation and food services10,945 11,021 11,576 11,816 12,189 12,348 12,811 13,248 13,200 Other services, except public administration (D) 9,728 10,031 10,038 9,939 10,316 10,385 10,569 10,512 Government and government enterprises 18,339 18,29418,197 17,317 16,789 16,622 16,707 16,815 16,795 Federal, civilian 1,241 1,265 1,090 1,071 1,010 962 944 952 972 Military1,013 1,003 1,043 1,006 990 1,002 1,023 1,005 972 State and local16,085 16,026 16,064 15,240 14,789 14,658 14,740 14,858 14,851 State government3,350 3,448 3,555 3,483 3,272 3,096 3,077 3,109 3,128 Local government12,735 12,578 12,509 11,757 11,517 11,562 11,663 11,749 11,723 Source: Bureau of Local Economic Analysis (https://www.bea.gov/)* 5/2019: 2018 information not available yet* 5/2020: 2019 information not available yet; filled in for year 20182 - Excludes limited partners.E The estimate shown here constitutes the major portion of the true estimate.(D) Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the totals. Last updated: November 15, 2018-- revised statistics for 2001-2016.1 - The estimates of employment for 2001-2006 are based on the 2002 North American Industry Classification System (NAICS), a comprehensive, industrial classification system--developed and used by the United States, Canada, and Mexico--that groups establishments according to the similarity oftheir production processes. The estimates for 2007-2010 are based on the 2007 NAICS. The estimates for 2011 forward are based on the 2012 NAICS.Metropolitan statistical area (MSA)- An area consisting of a core county or counties in which lies an urban area having a population of at least 50,000, plus adjacent counties having a high degree of social and economic integration with the core counties as measured through commuting ties.276
City of South Bend, IndianaLast Ten YearsAmount inBillions St. Joseph Co. IndianaU.S. St. Joseph Co. IndianaU.S.Calendar Personal Personal Personal Personal Personal PersonalYearIncomeIncomeIncomeIncomeIncomeIncome20109,042 220,157 12,079 -6.86%-2.48%-3.31%20119,144 227,692 12,460 1.14%3.42%3.15%201210,257 256,257 13,998 12.17%12.55%12.35%201310,395 259,524 14,175 1.35%1.27%1.26%201410,967 269,592 14,983 5.50%3.88%5.70%201511,657 279,704 15,711 6.29%3.75%4.86%201611,781 289,164 16,116 1.06%3.38%2.58%201712,472 301,008 16,820 5.87%4.10%4.37%201812,908 312,150 17,572 3.50%3.70%4.47%201912,908 331,486 18,817 0.00%6.19%7.09%3.34%4.22%4.40%3.04%4.07%4.24%Source: Bureau of Local Economic Analysis (https://www.bea.gov/)Note-- All dollar estimates are in current dollars (not adjusted for inflation).Last updated: March 3, 2019-- new estimates for 2016; revised estimates for 2012-2016.* 5/2019: 2018 information not available.Average Annual Growth - Most Recent 5 YearsAverage Annual Growth - Most Recent 10 YearsComparison of Growth Rates in Personal Income for St. Joseph County, The State of Indiana and U.S. Personal IncomeMillions Amount inAnnual Percentage Increase277
City of South Bend, Indiana20192010Number of Percent Number of Percent EmployerType of BusinessEmployeesof TotalRankEmployeesof TotalRankBeacon Health System (Memorial) (2)Health Care7,000 4.35% 1 5,190 3.89% 2 University of Notre DameHigher Education6,371 3.96% 2 4,069 3.05% 1 South Bend Community School Corp (2)Public Schools2,777 1.73% 3 3,489 2.61% 3 Indiana University South BendHigher Education1,277 0.79% 6 1,489 1.12% 6 St. Joseph CountyGovernment1,348 0.84% 4 1,141 0.86% 7 City of South BendGovernment1,290 0.80% 5 1,132 0.85% 8 Four Winds Casino (2)Casino and restaurants1,250 0.78% 7 - 0.00%AM General CorporationManufacturing/Assembly976 0.61% 8 2,550 1.91% 4 Honeywell Aerospace (2)Aerospace Manufacturing 850 0.53% 9 700 0.52% 10 Press Ganey (2)Health Care Management 688 0.43% 10 - 0.00%Saint Joseph Health SystemHealth Care2,534 1.90% 5 The Diocese of Fort Wayne/South BendParochial Schools1,698 1.27% 5 South Bend Medical FounationHealth Care- 757 0.57%9 Total Number of Employees 23,827 14.80%24,749 18.55%Total Employees - South Bend Metropolitan Area Labor Force (1)160,969 100.00%133,433 100.00%Source: Crowe Horwath CPAs and conversations with employers(1) Bureau of Labor Statistics, Local Area Unemployment Statistics: South Bend-Mishwaka IN-MI Metropolitan Statistical Area (https://www.bls.gov/data/)Principal Employers - Current and Ten Years AgoDecember 31, 2018278
Operating Information
These schedules contain service and infrastructure data to help the reader understand how the
information in the City's financial report relates to the services the City provides and the activities it
performs.
279
City of South Bend, IndianaNew Construction - Number of Permits and Property ValuesLast Ten Fiscal Years(Dollar Amounts in 000's)PublicResidential Residential Commercial Commercial Public Utility Manufacturing Manufacturing Total ValueNumber of Value Number of Value Utility Number Value Number of Value Total Value Increase/YearPermits(in 000's)Permits(in 000's)of Permits(in 000's)Permits(in 000's)(in 000's)(Decrease)201035 7,450 5 28,283 1,221 25,998 - - 61,731 -7.45%201133 6,300 14 10,737 880 20,265 1 2,023 39,325 -36.30%201245 9,827 11 21,247 - - 2 2,291 33,365 -15.16%201350 15,136 8 4,954 - - 1 160 20,250 -39.31%201451 13,101 12 10,392 - - - - 23,493 16.01%2015 (1) 77 18,615 70 415,219 - - 6 28,460 462,294 1867.79%201661 15,215 22 53,622 - - - - 68,837 -85.11%201788 23,195 13 17,843 - - - 466 41,504 -39.71%201892 26,069 19 41,335 - - - - 67,404 62.40%201985 23,322 17 72,746 - - 1 60,000 156,068 131.54%Source - Consolidated City/County Building Department(1) - Increase in commercial construction due to major construction taking place at the University of Notre Dame.280
City of South Bend, IndianaCapital Asset and Infrastructure Statistics by Function/Program Last Ten Fiscal YearsFunction/program2010201120122013201420152016201720182019PoliceStations1 1 1 1 1 1 1 1 1 1 Patrol units25 19 19 19 19 19 19 19 19 19 FireStations11 11 11 11 11 11 11 11 11 12 Training Center- - - - 1 1 1 1 1 2 Rescue units33 33 33 33 33 33 33 33 33 33 Refuse collectionCollection trucks23 23 19 19 19 19 19 - - - Other public worksStreets (miles)532 499 525 525 525 525 525 525 525 525 Streetlights2,500 2,500 2,700 2,700 3,000 3,015 3,015 3,015 3,015 3,015 Traffic signals162 164 165 167 162 158 164 163 163 163 Parks and recreationAcreage1,292 1,292 1,292 1,292 1,292 1,292 1,292 1,300 1,300 1,300 Playgrounds23 23 23 23 23 23 23 23 23 24 Baseball/softball diamonds27 27 27 27 27 27 27 27 27 27 Soccer/football fields17 17 19 19 19 19 19 19 19 19 Swimming pools2 2 2 2 2 2 2 2 2 2 Splash Pads5 5 5 6 6 6 7 8 8 8 Community center 5 5 5 5 3 3 3 4 4 4 WaterWater mains (miles)580 582 583 584 583 583 583 586 587 587 Fire hydrants5,345 5,377 5,401 5,436 5,448 5,439 5,459 5,539 5,550 5,550 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 WastewaterSanitary sewers (miles)534 534 528 526 527 527 527 535 537 537 Storm sewers (miles)127 127 133 133 133 133 155 155 155 155 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 departmentsAs of December 31,281
City of South Bend, Indiana Last Ten Fiscal YearsFunction/ Program2010201120122013201420152016201720182019Police:Physical arrests 3,077 3,626 3,174 2,959 2,608 2,483 2,342 2,229 2,664 2,028 Parking violations979 904 1,051 1,019 299 691 480 919 548 293 Traffic violations14,163 4,236 7,561 2,180 1,487 4,327 6,437 4,701 2,580 n/aFire:Emergency responses15,578 15,408 15,720 15,865 15,902 15,340 15,886 16,829 22,659 n/aFires extinguished225 251 214 220 227 213 236 339 278 n/aInspections4,233 3,553 3,325 2,273 3,133 3,778 2,148 2,522 3,525 n/aRefuse collection:Refuse collected (tons per day) (1) 120 123 128 122 128 149 139 142 142 148 Other public works:Street resurfacing (miles)20 18 17 21 22 17 20 19 21 21 Potholes repaired (tonnage)380 332 117 691 826 526 462 363 476 878 Parks and recreation:Athletic field permits issued381 227 133 93 120 113 427 142 103 428 Fitness Center Admissions60,118 67,408 61,002 63,671 67,428 64,547 67,294 73,405 68,306 71,262 Water:New billable housing starts179 144 160 242 141 108 189 214 119 149 Water mains breaks76 60 66 80 134 99 53 45 67 86 Average daily consumption 15,955 15,600 16,600 15,300 11,000 14,500 14,640 14,358 14,640 14,400 (thousands of gallons)Wastewater:Average daily sewage treatment 30,861 35,800 31,770 30,690 31,991 30,200 43,874 35,800 37,110 37,730 (thousands of gallons)Sources: Various city departments(1) 2007 and prior years were in cubic yards Operating Indicators by Function/ProgramAs of December 31,282
City of South Bend, IndianaDepartment2010201120122013201420152016201720182019General Government:Mayor's Office 7 7 6 6 7 7 6 7 7 7 City Clerk's Office5 5 5 5 5 5 5 5 5 4 Common Council (elected officials, part-time)9 9 9 9 9 9 9 9 9 9 Administration and Finance26 27 22 20 21 18 26 21 23 23 Legal Department9 9 9 10 10 12 11 10 10 8 Engineering & Sustainability19 17 15 13 14 16 18 18 23 25 Safety and Risk- - 3 3 3 2 2 2 3 2 Human Rights- - 6 6 6 6 6 5 5 5 Public Safety:Police Department293 293 291 291 295 300 287 283 283 270 Communication Center38 35 35 33 34 - - - - - Fire Department255 258 249 255 257 259 268 272 262 265 Building Maintenance3 3 - - - - 3 2 4 3 Culture and Recreation:Parks and Recreation (2)113 114 114 113 87 88 89 94 90 94 Convention and Events Management (1)13 14 14 14 14 14 12 9 18 17 Economic Development:Department of Community Investment26 25 24 26 25 25 23 22 24 28 Highways and Streets:Street Department52 56 52 60 59 53 59 55 54 57 Traffic & Lighting- - - - - - - - - - Enterprise Funds:Water Works75 74 73 70 68 67 65 67 63 63 Wastewater51 49 46 45 42 43 44 45 42 43 Organic Resources (formerly in Wastewater) - - 6 6 6 6 6 6 6 6 Sewer35 36 39 34 33 30 31 38 39 41 Solid Waste26 23 24 26 22 21 25 23 22 23 Building Department13 13 13 14 13 13 14 14 15 13 Code Enforcement/Animal Care & Control 23 25 25 24 23 23 26 29 26 31 Internal Service Fund:311 Call Center- - - 5 7 7 7 6 7 6 Innovation and Technology (3)- - - - - - - 17 20 22 Central Services41 41 42 43 38 36 37 40 39 34 Total Positions 1,132 1,133 1,122 1,131 1,098 1,060 1,079 1,099 1,099 1,099 Full-Time Equivalent City Government Employees by DepartmentLast Ten Fiscal YearsAs of December 31,283
City of South Bend, IndianaDepartment2010201120122013201420152016201720182019Summary by Activity General Government 75.00 74.00 75.00 77.00 82.00 82.00 90.00 100.00 112.00 83.00 Public Safety589.00 589.00 575.00 579.00 586.00 559.00 558.00 557.00 549.00 538.00 Culture and Recreation126.00 128.00 128.00 127.00 101.00 102.00 101.00 103.00 108.00 111.00 Economic Development26.00 25.00 24.00 26.00 25.00 25.00 23.00 22.00 24.00 28.00 Highways and Streets52.00 56.00 52.00 60.00 59.00 53.00 59.00 55.00 54.00 57.00 Enterprise Funds223.00 220.00 226.00 219.00 207.00 203.00 211.00 222.00 213.00 220.00 Internal Service Fund41.00 41.00 42.00 43.00 38.00 36.00 37.00 40.00 39.00 62.00 Total Positions 1,132.00 1,133.00 1,122.00 1,131.00 1,098.00 1,060.00 1,079.00 1,099.00 1,099.00 1,099.00 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 by a private company under an agreement with the City of South Bend.(2) Potawatomi Zoo employees (33) became employees of the Potawatomi Zoological Society through a public-private partnership as of January 1, 2014. (3) Innovation & Technology became a stand alone department in 2017; this department includes technology employees as well as business analysis.Source: City of South Bends Performance Based Budgets and personnel recordsAs of December 31,Full-Time Equivalent City Government Employees by Department (Continued)Last Ten Fiscal Years - 200.00 400.00 600.00 800.00 1,000.00 1,200.00 1,400.00Summary of Employees by ActivityTotal Positions Public Safety Enterprise Funds Culture andRecreation General Government Highways and Streets Internal Service Fund EconomicDevelopment284
City of South Bend, Indiana
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 $750/0%.38 per hour
2008 3.50% 43,496 3.50% 43,285 3.00%3.00%
2009 2.20% 44,453 2.00% 44,150 2.00%2.00%
2010 0.00% 44,453 6.80% 47,150 2.00%2.00%
2011 11.50% 49,563 4.06% 49,066 2.00%0.00%
2012 2.00% 50,554 2.00% 50,047 2.00%2.00%
2013 2.50% 51,818 3.00% 51,550 2.00%2.00%
2014 2.50% 53,113 3.00% 53,100 2.00%2.00%
2015 2.20% 54,281 2.20% 54,268 2.00%2.00%
2016 2.20% 55,475 2.20% 55,462 2.00%2.00%
2017 2.50% 56,861 2.20% 56,682 2.00%1% + 1.5% for PERF
2018 2.00% 57,998 2.00% 57,957 2.00% .75% and 1.5% INPRS Contribution
2019 2.00% 59,158 2.00% 59,116 2.00% .75% and 1.5% INPRS Contribution
Salary Rate Comparison
1990 - 2019
---1st Class Fire Fighter-------1st Class Patrol Officer----
285
City of South Bend, Indiana
Limits of
Type of Coverage Liability
Liability
Comprehensive General Liability Statutory
Police Professional Liability Statutory
Ambulance Malpractice Liability Statutory
Premises Liability Statutory
(Clay Utilities, Century Center,
Parking Garages)
CGL - Stadium Statutory
Liquor Liability 1/1/19-1/1/20 1,000,000$ 2,280$ Premium
Special Events (Arbor Day/Rum Village Aerial) 4/20/19-4/20/20 1,000,000$ 2,000$ Premium
Crime
Public Employee Dishonesty 12/31/19-12/31/20 1,000,000$ 9,205$ Premium
Property 7/1/19-7/1/20
All risk blanket building & contents 550,000,000$ 425,292$ Premium
Business Income Included in above
Machinery Breakdown Included in above
Fine Arts Included in above
Valuable Papers & Records Included in above
Contractors Equipment Included in above
Flood Insurance - Pump station & contents 1/15/19-1/15/20 839,200$ 9,370$ Premium
Eddy Street Commons Parking Garage 3/2/19-3/2/20
Building & Infrastructure 36,000,000$ 27,672$ Premium
Business Income & Rental Value 15,000,000$
Flood 25,000,000$
Earthquake 25,000,000$
Other 1/1/19-1/1/20
Workers Compensation Statutory
Third Party Fee Statutory 53,000$ Fee
Excess Over Self-insured Statutory 147,764$ Premium/Fee
$400,000 Retention Each Accident
Source: City of South Bend Administration & Finance Department
Gibson Insurance Company
Insurance Coverage
2019
Self-Insured
Annual Premium
Estimated
Self-Insured
Self-Insured
Self-Insured
Self-Insured
Self-Insured
Included in above
Included in above
Included in above
Included in above
Included in above
Included in above
Included in above
Included in above
286
City of South Bend, Indiana
2016 2017 2018 2019 2016 2017 2018 2019
Authorized Officers 247 230 237 228 Traffic Signals 164 163 163 163
Vehicles 363 340 428 452 Street Lights (City maintained)3,015 3,015 3,015 3,015
Special Officer Groups:Miles of Streets 525 525 525 525
K-9 Patrols 8 7 7 7 Miles of Sidewalks 695 695 707 707
SWAT Team 17 18 18 18 Miles of Alleys 398 398 398 398
NEST - Special Neighborhood Unit 9 12 12 12 Miles of Sanitary Sewers and Storm Drains 691 691 692 692
Motorcycle Patrol Officers 7 6 8 8 City Owned Vehicles & Related Units 1,183 1,190 1,125 1,274
Bomb Squad 3 3 3 3 Trash Picked Up Per Week (in tons)556/wk 568/wk 568/wk 568/wk
Crime Prevention Officers 3 4 3 3
Crime Data:
Murders 15 17 9 11 2016 2017 2018 2019
Rapes 70 93 66 67 Work orders for sign maintenance,
Robbery 388 345 365 277 installation or removal 3,119 1,641 1,642 n/a
Aggravated Assault 565 611 782 711 Miles of yellow and white paint 288 297 311 n/a
Residential Burglary 955 830 685 970 Pre-formed plastic arrows used for
Non-residential Burglary 286 362 350 street markings 91 46 216 n/a
Larceny 3,359 3,438 3,288 2,956 Crosswalk painting at intersections 487 387 220 n/a
Auto Theft 566 469 510 480 Turn arrows in turn lanes - -
Arson 47 37 47 71 Detour routes - -
Calls for Service 103,183 99,542 96,853 98,536 Temporary No Parking postings 462 499 512 n/a
Dispatches 103,183 99,542 96,853 98,536 Built Portables - -
Miles Driven 3,137,616 3,038,700 2,993,092 3,098,275 Railroad Crossings 7 7 4 n/a
Arrests 2,342 2,229 2,664 2,109 Special Signs Built 350 273 532 n/a
Barricades set up for events (# of events):86 100 136 n/a
Block Parties 47 40 28 n/a
2016 2017 2018 2019
Sworn Firefighters
(46 of which are Paramedics) 244 253 255 265 2016 2017 2018 2019
Fire Apparatus 20 20 20 20 Customers 40,043 40,543 40,680 40,547
Hazardous Materials Truck 1 1 1 1 Dry Tons of Sludge produced per year 2,704 2,397 2,565 2,565
Reserve Pumper Trucks 3 3 3 3 Miles of Sanitary Sewer Lines 230 230 232 232
Reserve Ladder Trucks 2 2 2 2 Miles of Storm Sewer Lines 155 155 155 155
River Rescue Boats 3 3 3 3 Miles of Combined Lines (not separated)305 305 305 305
Ambulances 7 7 4 4
Neonatal (Newborn) Units 3 3 3 3
Fire Runs 3,421 3,582 3,894 5,898 2016 2017 2018 2019
Ambulance Runs 14,583 15,442 18,765 15,980 Customers/Meters 40,670 41,200 41,275 41,135
Irrigation Customers 2,973 2,907 2,905 2,902
Wells/Pumps in service 30 27 30 30
Pumping Capacity 53.7 m.g.d. 48 m.g.d. 40 m.p.g. 48 m.g.d.
Daily Consumption 14.6 m.g.d. 14.4m.g.d. 14.6 m.g.d. 14.4m.g.d.
Peak Demand 26.5 m.g.d. 25.8 m.g.d. 25.1 m.g.d. 23.5 m.g.d.
Miles of Distribution Systems 583 586 587 587
Fire Hydrants 5,459 5,539 5,550 5,550
Sewer Utility
Water Utility
Paid Department established 1887
Miscellaneous Statistics
December 31, 2019
Police Department
Fire Department
Department of Public Works
Sign Shop
287
City of South Bend, Indiana
Passenger Volume:Century Center 75,000 square feet of exhibit space
Airline South Shore Bus to O'Hare/ 2,270 max available seating
Year Enplanements Train Midway 694 seat theater
2014 301,878 251,426 37,315 Morris Performing Arts Center 2,500 available seating
2015 314,300 248,506 34,394 Hotels/Motels 25 Hotels/Motels
2016 328,897 243,920 34,145 3 Bed & Breakfasts
2017 305,491 260,794 33,696 Major hotels and meeting rooms:
2018 368,877 246,641 27,044 DoubleTree by Hilton facilities to seat 600
2019 417,929 236,274 25,803 Waterford Estates Lodge facilities to seat 500
The Morris Inn facilities to seat 400
On average, more than 1,600 airline passengers travel Aloft facilities to seat 150
through South Bend International every day.
The City of South Bend has excellent health care access
Commercial airlines with operations at South Bend at costs below the national average and the lowest in the
International Airport (market share): Midwest region. The City has one major hospital:
2017 2018 2019 Beacon Health Systems (Memorial Hospital) 525 beds
Allegiant Air 31.73% 26.98% 31.47%
Delta Connection 45.79% 41.56% 41.56%
United Express 20.63% 19.50% 18.78% Access to:
American - 10.24%6.72% 3 Major Television Networks: NBC (WNDU), ABC (WBND), and CBS/FOX (WSBT)
Charters/Nonscheduled 1.85%1.72%1.47% 1 Public Broadcasting Television Station (WNIT)
Total 100.00% 100.00% 100.00% 2 Local Television Stations (WHME, WJSV)
1 Major Newspaper (The South Bend Tribune)
25 Radio Stations
Transpo
South Bend Public Transportation Corporation South Bend has been the home to the many distinguished
2017 2018 2019 individuals including the following persons:
Motor Bus (Fixed Route)Schuyler Colfax, 17th U.S. Vice President
Route Miles 291 290 290 John Fogerty, singer
Ridership 1,571,446 1,553,926 n/a Michael Warren, actor
Miles of Service 1,356,792 1,420,366 n/a Chad Everett, actor
Revenue Miles 1,282,475 1,361,525 n/a Sidney Pollack, actor/director
Demand Response (ACCESS)Knute Rockne, football coach
Ridership 68,572 76,323 n/a John Wooden, basketball coach
Total Miles 347,186 395,061 n/a Joe Kernan, former South Bend Mayor and Indiana Governor
Revenue Miles 312,417 344,767 n/a Ryan Newman, racecar driver
Skylar Diggins, woman's basketball player
Other
Transportation
43 Trucking Lines, 33 Terminals - Incorporated in 1865
4 Interstate Bus Lines - County Seat of St. Joseph County
4 Major Rail Systems (freight and passenger) - South Bend officially began under the name South Hold, but the
name was changed by the Post Office in 1830 to avoid confusion
with other communities that used that name. The name South
Universities and Colleges Enrollment Bend was used because the City is located at the southernmost
2017 2018 2019 point of the St. Joseph River.
University of Notre Dame 12,393 12,393 12,607 - Average High Temperature:
Indiana University at South Bend 5,385 5,214 5,563 January 31 degrees Fahrenheit
Bethel College 1,650 1,650 1,513 July 83 degrees Fahrenheit
St. Mary's College 1,600 1,600 1,548
Holy Cross College 500 500 451
Trine University - South Bend 78 78 78
Purdue Polytechnic Instittute SB 150 120 130
Technical Colleges Enrollment
2017 2018 2019
IVY Tech Community College *5,694 5,547 5,552
Communications
Famous Residents
Other
Miscellaneous Statistics (Continued)
December 31, 2019
South Bend International Airport Convention Facilities
Health Care
288