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Home My WebLink About2025-07 - Monthly Financial ReportPeriod Ending: Issued By: City of South Bend Monthly Financial Report Page(s) Contents 2 Fund Guide 3 Narrative 4 - 5 Report of Changes in Cash Balance 6 - 9 Cash Reserves Summary 10 - 15 Revenue & Expense Summaries 16- 21 Revenue by Type 22 - 25 Expenditures by Activity 26 - 27 Outstanding Debt 28 - 35 Employee Headcount Fund Summaries 36 - 57 General Fund 58 - 82 Public Works Funds 83 - 101 Public Safety Funds 102 - 120 Venues, Parks & Arts Funds 121 - 133 Department of Community Investment Funds 134 - 140 Internal Service Funds 141 - 154 Administrative Funds 155 - 172 Redevelopment Commission Controlled Funds Distribution Mayor Chief of Staff Deputy Chief of Staff Common Council Department Heads Directors of Department Finance July 31, 2025 Controller's Office Page # General Fund Page # Venues, Parks & Arts Funds 36 101 General Fund 102 201 Parks & Recreation 103 273 Morris PAC / Palais Royale Marketing General Fund Departments/Divisions 104 274 Morris PAC Self-Promotion 38 Mayor 105 312 2017 Parks Bond Debt Service 39 Community Initiatives 106 401 Coveleski Stadium Capital 40 Community Police Review Office 107 413 Professional Sports Convention Develop. Area 41 City Clerk 108 416 Morris Performing Arts Center Capital 42 Common Council 109 450 Palais Royale Historic Preservation 43 Controller's Office 110 453 Zoo Bond Capital 44 Human Resources 111 471 2017 Parks Bond Capital 45 Diversity & Inclusion 112 601 Parking Garages 46 Human Rights 113 602 Morris Performing Arts Center Operations 47 Legal Department 114 Morris PAC Historical Budget Summary 48 Engineering 115 670 Century Center 49 Office of Sustainability 116 671 Century Center Capital 50 AmeriCorps Grant Program 117 672 Century Center Energy Conservation Debt Svc 51 Police Department 118 730 City Cemetery 52 Police Crime Lab 119 731 Bowman Cemetery 53 Fire Department 120 757 2015 Parks Bond Debt Service 54 Emergency Medical Services 55 Fire Training Center Dept of Community Investment Funds 56 Morris Performing Arts Center 121 209 Studebaker-Oliver Revitalizing Grants 57 Palais Royale Ballroom 122 210 Economic Development State Grants 123 211 Dept of Community Investment Operating Public Works Funds 124 212 Dept of Community Investment Grants 58 202 Motor Vehicle Highway 125 219 Unsafe Building 59 266 MVH Restricted 126 221 Rental Units Regulation 60 Motor Vehicle Highway Combined Budget Summary 127 230 Code Enforcement 61 251 Local Road & Street 128 410 Urban Development Action Grant 62 257 LOIT Special Distribution 129 600 Consolidated Building 63 265 Local Road & Bridge Grant 130 754 Industrial Revolving Fund 64 412 Major Moves Construction 131 756 2015 Smart Streets Bond Debt Service 65 455 2021 Infrastructure Bond Capital 132 759 2017 Eddy Street Commons Bond Capital 66 610 Solid Waste Operations 133 760 2017 Eddy Street Commons Bond Debt Service 67 611 Solid Waste Capital 68 620 Water Works Operations Internal Service Funds 69 622 Water Works Capital 134 222 Central Services 70 624 Water Works Customer Deposit 135 224 Central Services Capital 71 625 Water Works Sinking (Debt Service)136 226 Liability Insurance 72 626 Water Works Bond Reserve 137 279 IT / Innovation / 311 Call Center 73 629 Water Works Operations & Maint. Reserve 138 711 Self-Funded Employee Benefits 74 640 Sewer Repair Insurance 139 713 Unemployment Compensation 75 641 Sewage Works Operations 140 714 Parental Leave 76 642 Sewage Works Capital 77 643 Sewage Works Operations & Maint. Reserve Administrative Funds 78 649 Sewage Sinking (Debt Service)141 102 Rainy Day 79 653 Sewage Debt Service Reserve 142 217 Gift, Donation, Bequest 80 654 Sewage Works Customer Deposit 143 227 Loss Recovery 81 655 Project ReLeaf 144 258 Human Rights Federal Grants 82 667 Storm Sewer 145 263 American Rescue Plan 146 American Rescue Plan Budget Summary Public Safety Funds 147 264 COVID-19 Response 83 216 Police State Seizures 148 404 Local Income Tax - Certified Shares 85 220 Law Enforcement Continuing Education 150 407 Cumulative Capital Improvement 86 249 Local Income Tax - Public Safety 151 408 Local Income Tax - Economic Development 87 278 Take Home Vehicle Police 152 750 Equipment/Vehicle Leasing 88 280 Police Block Grants 153 752 South Bend Redevelopment Authority 89 287 Fire Department Capital 154 755 South Bend Building Corporation 90 288 Emergency Medical Services Operating 91 289 Haz-Mat Redevelopment Commission Controlled Funds 92 291 Indiana River Rescue 155 324 TIF - River West Development Area 93 292 Police Grants 156 422 TIF - West Washington 94 294 Regional Police Academy 157 429 TIF - River East Development Area (NE Dev) 95 295 COPS MORE Grant 158 430 TIF - Southside Development Area #1 96 299 Police Federal Drug Enforcement 159 435 TIF - Douglas Road 97 350 2018 Fire Station #9 Bond Debt Service 160 436 TIF - River East Residential Area (NE Res) 98 451 2018 Fire Station #9 Capital 161 315 Redevelopment Bond - Airport Taxable 99 701 Fire Pension 162 328 Redevelopment Bond - Palais Royale 100 702 Police Pension 163 351 2018 TIF Park Bond Debt Service Reserve 101 705 Police K-9 Unit 164 352 2019 South Shore Double Tracking Bond Debt Svc 165 353 2020 TIF Library Bond Debt Service Reserve 166 433 Redevelopment General 167 439 Certified Technology Park 168 452 2018 TIF Park Bond Capital 169 454 Airport Urban Enterprise Zone 170 456 2023 South Bend Redevelopment Authority 171 457 2024 South Bend Redevelopment Authority 172 458 2024 RDA Bond Proceeds (Four Winds) July 2025 Monthly Financial Report The City of South Bend developed the attached Monthly Financial Report to provide current year and prior year financial information for each City fund, as well as individual departments within various funds. Information is provided for revenue, expenditures, encumbrances, cash balances, outstanding debt, and current staffing levels. Report of Changes in Cash Balance (4 - 5) This report shows the year-to-date change in cash for each City fund by taking a fund’s beginning cash balance for the year, adding in actual revenues, and subtracting actual expenditures. Cash Reserves Summary (6 - 9) The purpose of the Cash Reserves Summary Report is keep track of whether the City's funds are meeting their cash reserve requirement. Cash reserve requirements are set for each fund by the City of South Bend or other governing body (e.g. bond counsel, Century Center Board of Managers). Cash Reserve Requirements Cash reserve requirements are typically based on fund type. - Most City funds are assigned a cash reserve requirement of a percentage of the fund's annual expenditures. - Some funds have a set dollar amount as the reserve requirement, such as the Century Center Capital Fund 671. - Capital project funds, grant funds, and bond capital funds do not have reserve requirements as they are spent down to zero. - Debt service reserve funds are required to hold all reserves until the respective debt has been paid in full. The amount is often defined in bond covenants. Changes in Cash Balance Property taxes are received in June and December of each year and this will cause the cash balances to fluctuate for total cash, redevelopment fund cash and civil city fund cash. Enterprise fund cash balances will fluctuate based on the receipt of bond proceeds and the spending down of cash on capital projects. Redevelopment fund cash accounts will vary based on capital spending on projects in tax increment financing (TIF) funds. Negative Cash Balances Due to the timing of revenue and expenditures, certain funds will not meet cash reserve requirements and may even have a negative cash balance at different times throughout the year. Although a fund has a negative cash balance, the City does not have negative cash overall. Pooled cash can cover those funds so necessary expenditures can be made even if revenues have not been received yet. Revenue & Expense Summaries (10 - 15) These summaries show the total revenue and expense by fund. Revenue by Type (16- 21) This report shows the City's revenue collected by month and the total estimated revenue for the current year. Expenditures by Activity (22 - 25) This report shows the City's actuals expenditures by month and the total budgeted expenditures for the current year. Outstanding Debt (26 - 27) This report shows all of the City's outstanding debt. It details what the debt is for, when it was issued, original amount, the fund(s) repaying the debt, and the principal and interest payments due during the current year. Employee Headcount (28 - 35) This report shows the total number of full-time, permanent part-time, and seasonal/interns working for the City each month. It is broken down by City fund and by departments/divisions. It also shows the budgeted number of full-time employees. Fund Summaries (36 - 172) The fund summaries show the revenues and expenditures of each fund across years. The summaries include text boxes providing an explanation of revenues, expenditures, and spending on major capital projects. We hope that you find this Monthly Financial Report useful in better understanding the finances of the City of South Bend. If you have any questions regarding this report, please contact the Department of Administration & Finance by calling 311. City of South Bend Report of Changes in Cash Balance January 1, 2025 through July 31, 2025 Beginning 2025 2025 Plus/(Minus) Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2025 Revenue Expenditures Adjustments (Deficit) 7/31/2025 Requirement Reserve Req. City Controlled Funds 101 General Fund 93,698,543 62,709,454 64,668,037 (1,534,964) (3,493,547) 90,204,996 68,364,823 21,840,173 Special Revenue Funds 102 Rainy Day 11,375,389 310,354 - 460,870 771,224 12,146,613 3,307,398 8,839,215 201 Parks & Recreation 8,884,670 15,734,672 15,481,294 627,266 880,644 9,765,313 9,052,061 713,252 202 Motor Vehicle Highway 6,272,150 8,509,522 8,865,315 (1,770,097) (2,125,890) 4,146,260 5,174,414 (1,028,154) 209 Studebaker-Oliver Revitalizing Grants 652,479 16,750 13,559 (12,773) (9,582) 642,897 - - 210 Economic Development State Grants (134,601) - - 67,698 67,698 (66,903) - - 211 Dept of Community Investment Operating 396,172 2,410,947 2,602,113 250,457 59,291 455,463 - - 212 Dept of Community Investment Grants 1,212,370 1,766,429 1,948,957 (676,361) (858,889) 353,481 - - 216 Police State Seizures 257,001 28,693 - 49,471 78,164 335,164 5,500 329,664 217 Gift, Donation, Bequest 4,416,666 135,459 650,664 (1,591,248) (2,106,453) 2,310,213 - - 218 Police Curfew Violations - - - - - - - - 219 Unsafe Building 900,258 73,083 16,478 108,081 164,686 1,064,945 - - 220 Law Enforcement Continuing Education 999,052 158,876 519,620 (95,061) (455,804) 543,248 301,292 241,956 221 Rental Units Regulation 210,001 128,653 36,730 203,088 295,010 505,011 - - 227 Loss Recovery 2,174,242 81,910 - 949,626 1,031,535 3,205,777 - - 230 Code Enforcement (18,294) 3,317,598 3,419,023 22,927 (78,499) (96,793) - - 249 Local Income Tax - Public Safety 6,163,397 7,794,796 8,006,904 307,284 95,177 6,258,574 - - 251 Local Road & Street 1,388,435 1,319,626 348,867 (819,583) 151,175 1,539,611 - - 257 LOIT Special Distribution 67,475 994 34,535 (1,742) (35,282) 32,194 - - 258 Human Rights Federal Grants 155,014 94,392 182,656 184,030 95,765 250,779 - - 263 American Rescue Plan 10,144,293 25,383 18,462 (9,163,511) (9,156,591) 987,703 - - 264 COVID-19 Response (79,650) 4,166 4,166 79,650 79,650 - - - 265 Local Road & Bridge Grant 428,020 1,288,296 643,449 243,969 888,816 1,316,836 - - 266 MVH Restricted 848,707 1,789,301 1,587,840 427,303 628,763 1,477,471 - - 273 Morris PAC / Palais Royale Marketing - - - - - - - - 274 Morris PAC Self-Promotion - - - - - - - - 280 Police Block Grants - - - - - - - - 289 Haz-Mat 32,194 7,725 - 22,483 30,208 62,402 2,500 59,902 291 Indiana River Rescue 463,394 85,177 39,426 106,502 152,254 615,648 23,675 591,973 292 Police Grants - - - - - - - - 294 Regional Police Academy - - - - - - - - 295 COPS MORE Grant 20,876 - - - - 20,876 - - 299 Police Federal Drug Enforcement 201,296 39,831 22,315 92,818 110,334 311,630 12,500 299,130 404 Local Income Tax - Certified Shares 2,042,781 11,707 1,046,462 (1,255,942) (2,290,696) (247,915) - - 408 Local Income Tax - Economic Development 26,620,483 11,582,248 16,088,155 3,814,930 (690,977) 25,929,506 18,450,532 7,478,974 410 Urban Development Action Grant 69,114 1,886 - 2,800 4,686 73,800 - - 655 Project ReLeaf 461,511 280,709 209,841 83,367 154,235 615,746 117,422 498,325 705 Police K-9 Unit - - - - - - - - 709 Payroll Clearing (29,612) - - (1,110,041) (1,110,041) (1,139,653) - - 730 City Cemetery 31,507 860 - 1,277 2,136 33,643 - - 754 Industrial Revolving Fund 3,050,364 370,459 56,910 (142,297) 171,252 3,221,616 - - Total Special Revenue Funds 90,172,800 57,384,025 61,843,742 (8,512,680) (12,972,397) 77,200,404 36,847,293 18,153,484 Debt Service Funds 312 2017 Parks Bond Debt Service 153,346 637,277 1,181,215 16,483 (527,455) (374,109) - - 350 2018 Fire Station #9 Bond Debt Service - 174,000 344,656 1 (170,656) (170,656) - - 672 Century Center Energy Conservation Debt Svc 32,956 312,209 194,163 119,118 237,164 270,120 - - 752 South Bend Redevelopment Authority 447,521 3,818,286 6,306,541 4,719,688 2,231,434 2,678,955 2,678,955 - 755 South Bend Building Corporation 231,285 1,123,777 859,909 18,099 281,967 513,252 513,252 - 756 2015 Smart Streets Bond Debt Service 1,751,219 1,713,553 856,384 6,198 863,367 2,614,586 2,614,586 - 757 2015 Parks Bond Debt Service 558,162 189,969 191,491 36,133 34,611 592,773 592,773 - 760 2017 Eddy Street Commons Bond Debt Service 3,668,987 1,955,234 975,375 188 980,047 4,649,033 2,500,000 2,149,033 Total Debt Service Funds 6,843,475 9,924,307 10,909,734 4,915,907 3,930,480 10,773,955 8,899,566 2,149,033 Capital Funds 287 Fire Department Capital 1,568,458 1,849,166 3,879,608 1,276,890 (753,551) 814,907 - - 401 Coveleski Stadium Capital 2,799 420 - 20,623 21,043 23,843 - - 406 Cumulative Capital Development 199,512 420,016 291,667 164,774 293,124 492,636 - - 407 Cumulative Capital Improvement 279,499 162,184 43,750 27,048 145,482 424,982 - - 412 Major Moves Construction 1,602,252 23,004 155,509 (676,627) (809,131) 793,121 - - 413 Professional Sports Convention Development Area 252,675 2,829,756 157,923 2,321,528 4,993,362 5,246,037 - - 416 Morris Performing Arts Center Capital 160,804 123,101 6,274,565 6,206,931 55,467 216,270 - - 450 Palais Royale Historic Preservation 128,105 14,915 - 20,186 35,101 163,205 - - 451 2018 Fire Station #9 Bond Capital 329,571 8,992 - 13,352 22,344 351,915 - - 453 Zoo Bond Capital 0 - - (0) (0) - - - 455 2021 Infrastructure Bond Capital 922,516 17,255 399,500 (248,925) (631,170) 291,347 - - 471 2017 Parks Bond Capital 1,370,920 20,011 14,004 (749,543) (743,536) 627,384 - - 750 Equipment/Vehicle Leasing - - - - - - - - 759 2017 Eddy Street Commons Bond Capital 25,766 1 - 1 2 25,768 - - Total Capital Funds 6,842,877 5,468,821 11,216,525 8,376,240 2,628,536 9,471,413 - - City of South Bend Report of Changes in Cash Balance January 1, 2025 through July 31, 2025 Beginning 2025 2025 Plus/(Minus) Ending Variance Cash Balance Year to Date Year to Date Accrual Surplus Cash Balance Cash Reserve Above/(Below) 1/1/2025 Revenue Expenditures Adjustments (Deficit) 7/31/2025 Requirement Reserve Req. Enterprise Funds 600 Consolidated Building 2,087,954 2,226,464 1,047,207 1,215,692 2,394,949 4,482,903 516,308 3,966,595 601 Parking Garages 553,932 795,476 1,041,257 (255,105) (500,886) 53,046 288,153 (235,107) 602 Morris Performing Arts Center Operations 646,796 887,362 977,285 (506,698) (596,621) 50,174 190,460 (140,285) 610 Solid Waste Operations 766,957 4,934,350 4,226,613 502,405 1,210,141 1,977,098 866,223 1,110,875 611 Solid Waste Capital 2,734,871 39,899 1,241,649 (691,687) (1,893,438) 841,432 - - 620 Water Works Operations 7,853,450 12,809,286 11,521,083 4,680,605 5,968,808 13,822,257 1,267,591 12,554,667 622 Water Works Capital 6,652,330 2,454,281 2,120,451 9,185,928 9,519,757 16,172,088 - - 624 Water Works Customer Deposit 1,349,630 36,708 - 47,964 84,672 1,434,302 1,434,302 - 625 Water Works Sinking (Debt Service)3,665,884 81,257 524,704 (2,149,084) (2,592,530) 1,073,354 - - 626 Water Works Bond Reserve 1,478,046 127,945 - 135,149 263,094 1,741,141 1,741,141 - 629 Water Works Operations & Maintenance Reserve 3,040,120 82,943 - 123,169 206,113 3,246,232 3,913,620 (667,387) 640 Sewer Repair Insurance 1,804,260 454,246 684,857 (197,303) (427,914) 1,376,346 353,289 1,023,057 641 Sewage Works Operations 19,586,870 27,535,295 20,443,605 14,725,186 21,816,876 41,403,746 2,780,092 38,623,654 642 Sewage Works Capital 12,732,727 617,028 5,620,375 (3,023,991) (8,027,339) 4,705,388 - - 643 Sewage Works Operations & Maintenance Reserve 5,763,455 157,244 - 233,504 390,748 6,154,203 6,130,519 23,685 649 Sewage Sinking (Debt Service)6,033,296 614,000 615,595 (6,020,408) (6,022,004) 11,292 - - 653 Sewage Debt Service Reserve 3,893,415 301,810 - 640,853 942,664 4,836,079 4,836,079 - 654 Sewage Works Customer Deposit 1,360,670 41,098 - 241,159 282,256 1,642,926 1,642,926 - 667 Storm Sewer 2,163,420 840,718 410,019 (488,570) (57,871) 2,105,549 - - 670 Century Center Operations 838,464 2,784,652 2,637,933 (420,440) (273,720) 564,743 904,865 (340,122) 671 Century Center Capital 1,102,115 537,526 50,627 (298,923) 187,977 1,290,091 800,000 490,091 Total Enterprise Funds 86,108,661 58,359,587 53,163,261 17,679,404 22,875,731 108,984,392 27,665,567 108,984,392 Internal Service Funds 222 Central Services (680,622) 6,014,063 6,054,138 845,393 805,318 124,696 - - 226 Liability Insurance 6,488,526 2,331,526 2,230,577 1,972,848 2,073,797 8,562,324 2,061,137 6,501,186 278 Police Take Home Vehicle 833,591 68,045 - 107,505 175,550 1,009,142 750,000 259,142 279 IT / Innovation / 311 Call Center 5,506,547 9,044,944 8,884,122 1,045,823 1,206,645 6,713,192 - - 711 Self-Funded Employee Benefits 9,628,440 11,099,970 12,334,683 228,825 (1,005,888) 8,622,552 5,378,159 3,244,392 713 Unemployment Compensation 45,824 10,019 59,438 (45,432) (94,851) (49,027) 20,625 (69,652) 714 Parental Leave 626,913 202,665 - 251,284 453,949 1,080,862 12,000 1,068,862 Total Internal Service Funds 22,449,219 28,771,232 29,562,958 4,406,247 3,614,520 26,063,739 8,221,922 11,003,930 Fiduciary Funds 701 Fire Pension 392,781 1,971,418 2,367,941 (50,396) (446,919) (54,137) 452,630 (506,767) 702 Police Pension 506,772 3,033,804 3,617,716 31,192 (552,720) (45,948) 601,145 (647,093) 718 State Tax Withholding Fund 322,127 - - 1,022,786 1,022,786 1,344,913 1,344,913 - 725 Morris / Palais Box Office (711,758) - - 2,280,661 2,280,661 1,568,903 1,568,903 - 726 Police Distributions Payable 983,966 - - (219,689) (219,689) 764,277 764,277 - Total Fiduciary Funds 1,493,888 5,005,222 5,985,657 3,064,555 2,084,120 3,578,008 4,731,868 (1,153,860) Total City Controlled Funds 307,609,463 227,622,648 237,349,914 28,394,709 18,667,443 326,276,906 154,731,038 160,977,152 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 34,088,454 18,985,289 13,547,407 (6,094,343) (656,461) 33,431,993 - - 422 TIF - West Washington 1,883,190 266,822 75,237 (536,586) (345,001) 1,538,190 - - 429 TIF - River East Development Area (NE Dev)14,630,846 5,431,688 3,912,827 6,167,136 7,685,997 22,316,843 - - 430 TIF - Southside Development Area #1 12,834,453 2,087,982 1,812,798 (4,224,415) (3,949,232) 8,885,222 - - 435 TIF - Douglas Road 604,408 173,004 348,434 724,562 549,132 1,153,541 - - 436 TIF - River East Residential Area (NE Res)9,025,377 4,538,660 3,378,262 1,106,250 2,266,648 11,292,026 - - Total Tax Increment Financing Funds 73,066,730 31,483,445 23,074,965 (2,857,395) 5,551,084 78,617,814 - - Redevelopment Funds 433 Redevelopment General 3,248,346 973,988 1,231,281 (151,020) (408,313) 2,840,033 819,959 2,020,074 439 Certified Technology Park 11,621 317 - 471 788 12,408 - - 452 2018 TIF Park Bond Capital 2,368,202 3,448 76,676 (2,195,456) (2,268,684) 99,518 - - 454 Airport Urban Enterprise Zone 427,896 11,674 - 17,336 29,010 456,907 - - 456 2023 South Bend Redevelopment Authority 28,540,322 413,119 1,778,401 (5,267,249) (6,632,531) 21,907,791 - - 457 2024 South Bend Redevelopment Authority - 251,947 - 16,615,224 16,867,171 16,867,171 - - 458 458 2024 RDA Bond Proceeds (Four Winds)- 612,634 15,890,874 46,469,631 31,191,391 31,191,391 - - Total Redevelopment Funds 34,596,387 2,267,127 18,977,233 55,488,938 38,778,832 73,375,219 819,959 2,020,074 Debt Service Funds 315 Airport 2003 Debt Reserve 1,080,323 7,439 - (996,693) (989,254) 91,069 91,069 - 328 SBCDA 2003 Debt Reserve 1,806,136 12,437 - (1,666,320) (1,653,883) 152,253 152,253 - 351 2018 TIF Park Bond Debt Service 1,079,924 29,464 - 43,753 73,216 1,153,141 1,153,141 - 352 2019 South Shore Double Tracking Debt Service 20,074 1,035,502 517,500 5,378 523,381 543,454 543,454 - 353 2020 TIF Library Bond Debt Service Reserve 326,952 9 - 16 26 326,978 326,978 - Total Debt Service Funds 4,313,409 1,084,851 517,500 (2,613,866) (2,046,514) 2,266,895 2,266,895 - Total Redevelopment Commission Funds 111,976,526 34,835,424 42,569,698 50,017,676 42,283,402 154,259,928 3,086,854 2,020,074 Grand Total 419,585,989 262,458,071 279,919,612 78,412,386 60,950,846 480,536,834 157,817,892 162,997,226 NOTE: REFER TO INDIVIDUAL FUND SUMMARIES FOR FURTHER DETAIL City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy Under Reserve Requirement 201 Parks & Recreation 9,765,313 4,738,256 5,027,058 9,052,061 (4,025,003) 14% Property tax distribution received in June & Dec 25% of Annual expenditures 202 Motor Vehicle Highway 4,146,260 3,720,784 425,476 5,174,414 (4,748,938) 2%Under reserve requirement. Gas and wheel tax distributions received monthly.25% of Annual expenditures 220 Law Enforcement Continuing Education 543,248 450,233 93,015 301,292 (208,277) 8%Under reserve requirement. Expenditure to be covered by 2025 JAG Grant to satisfy cash reserve.25% of Annual expenditures 601 Parking Garages 53,046 234,079 (181,033) 288,153 (469,186) -16%Under reserve requirement. Large amount of encumbrance to cover parking costs 25% of Annual expenditures 602 Morris Performing Arts Center Operations 50,174 143,458 (93,283) 190,460 (283,743) -5% Slightly under reserve requirement. 10% of Annual expenditures 629 Water Works Operations & Maintenance Reserve 3,246,232 - 3,246,232 3,913,620 (667,387) 14%Subsidy transfer done in February 16.67% of annual operating expenses in Fund 620, net of transfers 670 Century Center Operations 564,743 59,796 504,948 904,865 (399,918) 14% Operations continue to rebound from shutdown 25% of Annual expenditures 701 Fire Pension (54,137) 3,500 (57,637) 452,630 (510,267) -1% Pension payments are received in June & September 10% of Annual expenditures 702 Police Pension (45,948) 3,500 (49,448) 601,145 (650,593) -1% Pension payments are received in June & September 10% of Annual expenditures 713 Unemployment Compensation (49,027) - (49,027) 20,625 (69,652) -59%Slightly under reserve requirement. Allocation % will be adjusted to meet anticipated claims.25% of Annual expenditures Under Reserve Requirement Total 18,219,904$ 9,353,605$ 8,866,299$ 20,899,264$ (12,032,964)$ Meets or Exceeds Requirement 101 General Fund 90,204,996 15,453,411 74,751,585 68,364,823 6,386,762 55% Property tax distribution received in June & Dec 50% of Annual expenditures 102 Rainy Day 12,146,613 - 12,146,613 3,307,398 8,839,215 4%3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers out 711 Self-Funded Employee Benefits 8,622,552 2,275,792 6,346,759 5,378,159 968,600 30%25% of Annual expenditures 216 Police State Seizures 335,164 - 335,164 5,500 329,664 1523%25% of Annual expenditures 226 Liability Insurance 8,562,324 285,017 8,277,306 2,061,137 6,216,169 201%50% of Annual expenditures 278 Police Take Home Vehicle 1,009,142 - 1,009,142 750,000 259,142 2018%Set dollar amount of $750,000 289 Haz-Mat 62,402 - 62,402 2,500 59,902 624%25% of Annual expenditures 291 Indiana River Rescue 615,648 16,342 599,306 23,675 575,631 633%25% of Annual expenditures 299 Police Federal Drug Enforcement 311,630 - 311,630 12,500 299,130 623%25% of Annual expenditures 315 Airport 2003 Debt Reserve 91,069 - 91,069 91,069 - 100%100% debt service reserve per bond covenants 328 SBCDA 2003 Debt Reserve 152,253 - 152,253 152,253 - 100%100% debt service reserve per bond covenants 351 2018 TIF Park Bond Debt Service 1,153,141 - 1,153,141 1,153,141 - 100% 100% debt service reserve per bond covenants 353 2020 TIF Library Bond Debt Service Reserve 326,978 - 326,978 326,978 - 100%100% debt service reserve per bond covenants 408 Local Income Tax - Economic Development 25,929,506 3,942,740 21,986,766 18,450,532 3,536,234 60%50% of Annual expenditures 433 Redevelopment General 2,840,033 624,007 2,216,026 819,959 1,396,067 68%25% of Annual expenditures 600 Consolidated Building 4,482,903 1,134,234 3,348,669 516,308 2,832,361 162%25% of Annual expenditures 610 Solid Waste Operations 1,977,098 526,757 1,450,341 866,223 584,118 17%10% of Annual expenditures 620 Water Works Operations 13,822,257 2,339,645 11,482,613 1,267,591 10,215,022 45%5% of Annual expenditures 624 Water Works Customer Deposit 1,434,302 - 1,434,302 1,434,302 - 100%100% cash reserves for customer deposits 626 Water Works Bond Reserve 1,741,141 - 1,741,141 1,741,141 - 100% 100% cash reserves per bond covenants 640 Sewer Repair Insurance 1,376,346 284,641 1,091,705 353,289 738,416 77%25% of Annual expenditures 641 Sewage Works Operations 41,403,746 1,689,729 39,714,017 2,780,092 36,933,925 71%5% of Annual expenditures July 31, 2025 City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy July 31, 2025 643 Sewage Works Operations & Maintenance Reserve 6,154,203 - 6,154,203 6,130,519 23,685 17%16.67% of annual operating expenses in Fund 641, net of transfers 653 Sewage Debt Service Reserve 4,836,079 - 4,836,079 4,836,079 - 100% 100% cash reserves per bond covenants 654 Sewage Works Customer Deposit 1,642,926 - 1,642,926 1,642,926 - 100%100% cash reserves for customer deposits 655 Project ReLeaf 615,746 - 615,746 117,422 498,325 131%25% of Annual expenditures 671 Century Center Capital 1,290,091 229 1,289,862 800,000 489,862 1208%$800,000 Minimum per Board of Managers 714 Parental Leave 1,080,862 - 1,080,862 12,000 1,068,862 721%8% of Annual expenditures - one month reserve 718 State Tax Withholding Fund 1,344,913 - 1,344,913 1,344,913 - 100% 100% cash reserves - trust & agency funds 725 Morris / Palais Box Office 1,568,903 - 1,568,903 1,568,903 - 100% 100% cash reserves - trust & agency funds 726 Police Distributions Payable 764,277 - 764,277 764,277 - 100% 100% cash reserves - trust & agency funds 730 City Cemetery 33,643 - 33,643 - 33,643 100% 25% of Annual expenditures 731 Bowman Cemetery 529,247 - 529,247 400,000 129,247 100% $400,000 minimum 752 South Bend Redevelopment Authority 2,678,955 - 2,678,955 2,678,955 - 100% 100% cash reserves per bond covenants 755 South Bend Building Corporation 513,252 - 513,252 513,252 - 100% 100% cash reserves per bond covenants 756 2015 Smart Streets Bond Debt Service 2,614,586 - 2,614,586 2,614,586 - 100% 100% cash reserves per bond covenants 757 2015 Parks Bond Debt Service 592,773 - 592,773 592,773 - 100% 100% cash reserves per bond covenants 760 2017 Eddy Street Commons Bond Debt Service 4,649,033 - 4,649,033 2,500,000 2,149,033 238% $2,500,000 minimum Meets or Exceeds Requirement Total 249,510,734$ 28,572,545$ 220,938,189$ 136,375,173$ 84,563,015$ City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy July 31, 2025 No Reserve Requirement 209 Studebaker-Oliver Revitalizing Grants 642,897 182,597 460,300 - 460,300 100%No reserve requirement - Grant fund - spend down to zero 210 Economic Development State Grants (66,903) - (66,903) - (66,903) 100% Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 211 Dept of Community Investment Operating 455,463 296,496 158,967 - 158,967 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 212 Dept of Community Investment Grants 353,481 2,644,752 (2,291,270) - (2,291,270) 100% Reimbursed by grant receipts No reserve requirement - Grant fund - spend down to zero 217 Gift, Donation, Bequest 2,310,213 468,145 1,842,069 - 1,842,069 100% No reserve requirement 219 Unsafe Building 1,064,945 8,522 1,056,422 - 1,056,422 100% No reserve requirement 221 Rental Units Regulation 505,011 87,959 417,052 - 417,052 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 222 Central Services 124,696 61,765 62,930 - 62,930 100%No reserve requirement 227 Loss Recovery 3,205,777 156,000 3,049,777 - 3,049,777 100% No reserve requirement 230 Code Enforcement (96,793) 420,934 (517,727) - (517,727) 100%Reimbursed through interfund transfers from Fund 408 No reserve requirement 249 Local Income Tax - Public Safety 6,258,574 - 6,258,574 - 6,258,574 100% No reserve requirement 251 Local Road & Street 1,539,611 924,879 614,732 - 614,732 100% 25% of annual expenditures 257 LOIT Special Distribution 32,194 - 32,194 - 32,194 100%No reserve requirement - one-time distribution - spend down to zero 258 Human Rights Federal Grants 250,779 21,658 229,121 - 229,121 100%No reserve requirement - Grant fund - spend down to zero 263 American Rescue Plan 987,703 5,964 981,738 - 981,738 100%No reserve requirement - Grant fund - spend down to zero 265 Local Road & Bridge Grant 1,316,836 2,233,545 (916,710) - (916,710) 100%Reimbursed through interfund transfer to cover matching portion No reserve requirement - Grant fund - spend down to zero 266 MVH Restricted 1,477,471 1,508,576 (31,105) - (31,105) 100%No reserve requirement 279 IT / Innovation / 311 Call Center 6,713,192 3,317,347 3,395,845 - 3,395,845 100% Reimbursed through interfund allocation No reserve requirement 287 Fire Department Capital 814,907 2,523,576 (1,708,669) - (1,708,669) 100%No reserve requirement - Capital fund - spend down to zero 295 COPS MORE Grant 20,876 - 20,876 - 20,876 100%No reserve requirement 312 2017 Parks Bond Debt Service (374,109) - (374,109) - (374,109) 100% Property tax distribution received in June & Dec No reserve requirement 324 TIF - River West Development Area 33,431,993 8,494,857 24,937,136 - 24,937,136 100% Property tax distribution received in June & Dec No reserve requirement 350 2018 Fire Station #9 Bond Debt Service (170,656) - (170,656) - (170,656) 100%Receives transfers from Fund 287 for debt services pmts No reserve requirement 352 2019 South Shore Double Tracking Debt Service 543,454 - 543,454 543,454 - 100%No reserve requirement 401 Coveleski Stadium Capital 23,843 - 23,843 - 23,843 100%Revenue based on stadium attendence is received in the fall No reserve requirement - Capital fund - spend down to zero 404 Local Income Tax - Certified Shares (247,915) - (247,915) - (247,915) 100%No reserve requirement - Capital fund - spend down to zero 406 Cumulative Capital Development 492,636 - 492,636 - 492,636 100% Property tax distribution received in June & Dec No reserve requirement - Capital fund - spend down to zero 407 Cumulative Capital Improvement 424,982 - 424,982 - 424,982 100%No reserve requirement - Capital fund - spend down to zero 410 Urban Development Action Grant 73,800 - 73,800 - 73,800 100%No reserve requirement - Grant fund - spend down to zero 412 Major Moves Construction 793,121 134,483 658,638 - 658,638 100%No reserve requirement - Capital fund - spend down to zero City of South Bend * NOTE: Available Cash is a Fund's cash balance minus any outstanding encumbrances Cash Reserves Summary by Fund Status Cash Actual Fund Fund Name Cash Outstanding Available Reserve % of Balance Encumb.Cash *Requirement Variance Budget Notes Cash Reserve Policy July 31, 2025 413 Professional Sports Convention Development Area 5,246,037 25,723 5,220,314 - 5,220,314 100%No reserve requirement - Capital fund - spend down to zero 416 Morris Performing Arts Center Capital 216,270 418,092 (201,822) - (201,822) 100% No reserve requirement 422 TIF - West Washington 1,538,190 99,143 1,439,046 - 1,439,046 100% Property tax distribution received in June & Dec No reserve requirement 429 TIF - River East Development Area (NE Dev) 22,316,843 5,001,104 17,315,739 - 17,315,739 100% Property tax distribution received in June & Dec No reserve requirement 430 TIF - Southside Development Area #1 8,885,222 890,203 7,995,019 - 7,995,019 100% Property tax distribution received in June & Dec No reserve requirement 435 TIF - Douglas Road 1,153,541 - 1,153,541 - 1,153,541 100% Property tax distribution received in June & Dec No reserve requirement 436 TIF - River East Residential Area (NE Res) 11,292,026 289,681 11,002,345 - 11,002,345 100% Property tax distribution received in June & Dec No reserve requirement 439 Certified Technology Park 12,408 - 12,408 - 12,408 100% No reserve requirement 450 Palais Royale Historic Preservation 163,205 - 163,205 - 163,205 100% No reserve requirement 451 2018 Fire Station #9 Bond Capital 351,915 - 351,915 - 351,915 100%No reserve requirement - Bond capital fund - spend down to zero 452 2018 TIF Park Bond Capital 99,518 - 99,518 - 99,518 100%No reserve requirement - Bond capital fund - spend down to zero 454 Airport Urban Enterprise Zone 456,907 - 456,907 - 456,907 100% No reserve requirement 455 2021 Infrastructure Bond Capital 291,347 - 291,347 - 291,347 100%No reserve requirement - Bond capital fund - spend down to zero 456 2023 South Bend Redevelopment Authority 21,907,791 4,608,880 17,298,911 - 17,298,911 100%No reserve requirement - Bond capital fund - spend down to zero 457 2024 South Bend Redevelopment Authority 16,867,171 181,352 16,685,820 - 16,685,820 100%No reserve requirement - Bond capital fund - spend down to zero 458 458 2024 RDA Bond Proceeds (Four Winds) 31,191,391 27,409,552 3,781,839 - 3,781,839 100%No reserve requirement - Bond capital fund - spend down to zero 471 2017 Parks Bond Capital 627,384 16,345 611,038 - 611,038 100%No reserve requirement - Bond capital fund - spend down to zero 611 Solid Waste Capital 841,432 1,615,932 (774,500) - (774,500) 100% Receives transfers from Fund 610 as needed No reserve requirement - Capital fund - spend down to zero 622 Water Works Capital 16,172,088 3,256,001 12,916,086 - 12,916,086 100% Receives transfers from Fund 620 as needed No reserve requirement - Capital fund - spend down to zero 625 Water Works Sinking (Debt Service) 1,073,354 - 1,073,354 - 1,073,354 100% Receives transfers from Fund 620 as needed No reserve requirement 642 Sewage Works Capital 4,705,388 11,243,638 (6,538,250) - (6,538,250) 100% Receives transfers from Fund 641 as needed No reserve requirement - Capital fund - spend down to zero 649 Sewage Sinking (Debt Service) 11,292 - 11,292 - 11,292 100% Receives transfers from Fund 641 as needed No reserve requirement 667 Storm Sewer 2,105,549 354,087 1,751,461 - 1,751,461 100%No reserve requirement - Capital fund - spend down to zero 672 Century Center Energy Conservation Debt Svc 270,120 - 270,120 - 270,120 100% No reserve requirement 709 Payroll Clearing (1,139,653) - (1,139,653) - (1,139,653) 0%Clearing accounts temporarily hold transactions until they are recorded in the respective account No reserve requirement - clearing fund 754 Industrial Revolving Fund 3,221,616 45,583 3,176,034 - 3,176,034 100%No City reserve requirement; there are program requirements 759 2017 Eddy Street Commons Bond Capital 25,768 - 25,768 - 25,768 100%No reserve requirement - Bond capital fund - spend down to zero No Reserve Requirement Total 212,806,197$ 78,947,374$ 133,858,823$ 543,454$ 133,315,370$ Total Funds 480,536,834$ 116,873,523$ 363,663,311$ 157,817,892$ 205,845,421$ City of South Bend Monthly Fund Financials Revenue Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Budget Balance Percent of Budget City Controlled Funds 101 General Fund 99,418,059 8,474,528 62,709,454 111,171,535 36,708,605 63% Special Revenue Funds 102 Rainy Day 227,508 47,338 310,354 321,428 (82,846) 136% 201 Parks & Recreation 22,905,515 1,517,577 15,734,672 22,800,098 7,170,844 69% 202 Motor Vehicle Highway 18,129,405 765,864 8,509,522 11,049,955 9,619,882 47% 209 Studebaker-Oliver Revitalizing Grants 10,783 2,551 16,750 18,615 (5,967) 155% 210 Economic Development State Grants - - - 85,650 - 0% 211 Dept of Community Investment Operating 4,793,174 838,499 2,410,947 4,391,340 2,382,227 50% 212 Dept of Community Investment Grants 3,138,019 852,648 1,766,429 5,574,346 1,371,590 56% 216 Police State Seizures 9,830 5,616 28,693 57,408 (18,863) 292% 217 Gift, Donation, Bequest 118,747 13,599 135,459 3,652,115 (16,712) 114% 218 Police Curfew Violations - - - - - 0% 219 Unsafe Building 110,845 5,920 73,083 93,390 37,762 66% 220 Law Enforcement Continuing Education 529,170 29,320 158,876 994,541 370,294 30% 221 Rental Units Regulation 259,380 26,403 128,653 156,129 130,727 50% 227 Loss Recovery 41,355 12,493 81,910 1,120,256 (40,555) 198% 230 Code Enforcement 7,409,100 99,619 3,317,598 3,919,673 4,091,502 45% 249 Local Income Tax - Public Safety 12,579,200 941,702 7,794,796 12,868,916 4,784,404 62% 251 Local Road & Street 2,043,021 195,983 1,319,626 2,320,509 723,396 65% 257 LOIT Special Distribution - 125 994 3,388 (994) 0% 258 Human Rights Federal Grants 230,000 1,036 94,392 35,770 135,608 41% 263 American Rescue Plan - 3,849 25,383 180,695 (25,383) 0% 264 COVID-19 Response 5,000 - 4,166 368,404 834 83% 265 Local Road & Bridge Grant 3,004,106 889,869 1,288,296 1,050,707 1,715,811 43% 266 MVH Restricted 3,178,126 204,518 1,789,301 3,314,097 1,388,825 56% 273 Morris PAC / Palais Royale Marketing - - - - - 0% 274 Morris PAC Self-Promotion - - - - - 0% 280 Police Block Grants - - - - - 0% 289 Haz-Mat 5,494 2,229 7,725 3,285 (2,231) 141% 291 Indiana River Rescue 99,152 2,426 85,177 161,390 13,975 86% 294 Regional Police Academy - - - - - 0% 295 COPS MORE Grant - - - 64 - 0% 299 Police Federal Drug Enforcement 84,926 8,282 39,831 158,312 45,095 47% 404 Local Income Tax - Certified Shares - 717 11,707 (11,647) (11,707) 0% 408 Local Income Tax - Economic Development 17,952,276 1,405,852 11,582,248 18,464,856 6,370,028 65% 410 Urban Development Action Grant 7,950 288 1,886 8,846 6,064 24% 655 Project ReLeaf 465,528 40,386 280,709 473,768 184,819 60% 705 Police K-9 Unit - - - - - 0% 730 City Cemetery 630 131 860 890 (229) 136% 731 Bowman Cemetery 9,913 2,063 13,523 14,005 (3,610) 136% 754 Industrial Revolving Fund 1,069,554 467,234 370,459 1,136,154 699,095 35% Debt Service Fund 312 2017 Parks Bond Debt Service 1,201,490 909 637,277 1,135,939 564,213 53% 350 2018 Fire Station #9 Bond Debt Service 344,656 - 174,000 342,856 170,656 50% 672 Century Center Energy Conservation Debt Svc 385,710 30,733 312,209 263,591 73,501 81% 752 South Bend Redevelopment Authority 6,220,790 1,450,535 3,818,286 (29,257,277) 2,402,504 61% 755 South Bend Building Corporation 1,428,605 402,021 1,123,777 2,221,495 304,828 79% 756 2015 Smart Streets Bond Debt Service 1,747,006 857,007 1,713,553 1,714,091 33,453 98% 757 2015 Parks Bond Debt Service 392,195 31,626 189,969 343,596 202,226 48% 760 2017 Eddy Street Commons Bond Debt Service 2,030,702 979,765 1,955,234 1,930,062 75,468 96% Total Debt Service Funds 13,751,154 3,752,595 9,924,307 (21,305,646) 3,826,849 72% City of South Bend Monthly Fund Financials Revenue Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Budget Balance Percent of Budget Capital Funds 287 Fire Department Capital 5,610,614 195,309 1,849,166 3,491,232 3,761,448 33% 401 Coveleski Stadium Capital 31,611 93 420 31,722 31,191 1% 406 Cumulative Capital Development 753,899 2,245 420,016 629,199 333,883 56% 407 Cumulative Capital Improvement 173,274 1,705 162,184 195,468 11,090 94% 412 Major Moves Construction 124,355 3,096 23,004 785,039 101,351 18% 413 Professional Sports Convention Development Area 2,800,000 39,108 2,829,756 2,070,419 (29,756) 101% 416 Morris Performing Arts Center Capital - 14,482 123,101 379,179 (123,101) 0% 450 Palais Royale Historic Preservation 18,512 1,661 14,915 19,044 3,598 81% 451 2018 Fire Station #9 Bond Capital - 1,371 8,992 9,313 (8,992) 0% 453 Zoo Bond Capital - - - 122 - 0% 455 2021 Infrastructure Bond Capital - 2,287 17,255 48,402 (17,255) 0% 457 2024 South Bend Redevelopment Authority - 35,641 251,947 - (251,947) 0% 458 458 2024 RDA Bond Proceeds (Four Winds) - 78,336 612,634 - (612,634) 0% 471 2017 Parks Bond Capital 134 2,538 20,011 43,384 (19,877) 14984% 750 Equipment/Vehicle Leasing - - - - - 0% 759 2017 Eddy Street Commons Bond Capital 515 0 1 1 514 0% Total Capital Funds 9,512,913 377,872 6,333,402 7,702,523 3,179,513 67% Enterprise Funds 600 Consolidated Building 2,353,882 204,459 2,226,464 2,175,568 127,418 95% 601 Parking Garages 934,604 242,027 795,476 935,075 139,128 85% 602 Morris Performing Arts Center Operations 1,930,515 12,821 887,362 1,164,076 1,043,153 46% 610 Solid Waste Operations 8,312,508 771,083 4,934,350 8,184,729 3,378,159 59% 611 Solid Waste Capital 1,338,315 4,302 39,899 2,129,987 1,298,416 3% 620 Water Works Operations 23,503,077 2,302,975 12,809,286 22,350,147 10,693,792 55% 622 Water Works Capital 8,491,820 81,765 2,454,281 124,091 6,037,540 29% 624 Water Works Customer Deposit - 5,584 36,708 38,236 (36,708) 0% 625 Water Works Sinking (Debt Service) 1,474,793 12,523 81,257 2,804,408 1,393,535 6% 626 Water Works Bond Reserve - 17,331 127,945 42,407 (127,945) 0% 629 Water Works Operations & Maintenance Reserve - 12,651 82,943 85,903 (82,943) 0% 640 Sewer Repair Insurance 682,794 64,853 454,246 764,134 228,549 67% 641 Sewage Works Operations 44,301,739 4,074,681 27,535,295 43,471,462 16,766,444 62% 642 Sewage Works Capital 10,751,670 67,486 617,028 32,892,704 10,134,642 6% 643 Sewage Works Operations & Maintenance Reserve - 23,984 157,244 162,855 (157,244) 0% 649 Sewage Sinking (Debt Service) 8,413,405 4,256 614,000 9,893,560 7,799,405 7% 653 Sewage Debt Service Reserve - 47,618 301,810 110,014 (301,810) 0% 654 Sewage Works Customer Deposit - 6,347 41,098 37,039 (41,098) 0% 667 Storm Sewer 1,147,436 122,684 840,718 1,398,803 306,718 73% 670 Century Center Operations 3,534,908 104,061 2,784,652 4,462,846 750,256 79% 671 Century Center Capital 519,759 6,052 537,526 528,273 (17,767) 103% Total Enterprise Funds 117,691,227 8,189,542 58,359,587 133,756,314 59,331,640 50% Internal Service Funds 222 Central Services 12,186,957 830,393 6,014,063 9,145,812 6,172,894 49% 224 Central Services Capital - - - - - 0% 226 Liability Insurance 3,757,111 334,679 2,331,526 4,248,586 1,425,585 62% 278 Police Take Home Vehicle 66,472 9,690 68,045 82,259 (1,573) 102% 279 IT / Innovation / 311 Call Center 15,063,425 1,304,306 9,044,944 10,262,996 6,018,480 60% 711 Self-Funded Employee Benefits 19,077,159 1,517,607 11,099,970 18,191,953 7,977,189 58% 713 Unemployment Compensation 86,992 2,350 10,019 10,467 76,974 12% 714 Parental Leave 311,871 27,835 202,665 298,755 109,207 65% Total Internal Service Funds 50,549,987 4,026,859 28,771,232 42,240,826 21,778,756 57% Fiduciary Funds 701 Fire Pension 4,600,000 - 1,971,418 4,075,547 2,628,582 43% 702 Police Pension 6,192,000 - 3,033,804 5,998,908 3,158,196 49% Total Fiduciary Funds 10,792,000 - 5,005,222 10,074,455 5,786,778 46% Total City Controlled Funds 400,133,049 33,205,531 228,487,229 378,427,360 171,645,826 57% City of South Bend Monthly Fund Financials Revenue Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Budget Balance Percent of Budget Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 22,891,152 739,335 18,985,289 21,214,018 3,905,863 83% 422 TIF - West Washington 717,125 6,208 266,822 535,947 450,303 37% 429 TIF - River East Development Area (NE Dev) 7,962,536 91,017 5,431,688 6,578,037 2,530,848 68% 430 TIF - Southside Development Area #1 3,778,416 36,044 2,087,982 4,089,697 1,690,434 55% 435 TIF - Douglas Road 425,820 4,496 173,004 245,859 252,816 41% 436 TIF - River East Residential Area (NE Res) 8,172,462 47,843 4,538,660 7,385,974 3,633,802 56% Total Tax Increment Financing Funds 43,947,511 924,943 31,483,445 40,049,531 12,464,066 72% Redevelopment Funds 433 Redevelopment General 1,994,924 57,471 973,988 1,654,014 1,020,936 49% 439 Certified Technology Park 230 48 317 328 (87) 138% 452 2018 TIF Park Bond Capital 1,055 388 3,448 67,016 (2,392) 327% 454 Airport Urban Enterprise Zone 8,461 1,781 11,674 12,091 (3,213) 138% 456 2023 South Bend Redevelopment Authority Bonds - 57,136 413,119 40,213,563 (413,119) 0% Total Redevelopment Funds 2,004,670 116,824 1,402,546 41,947,011 602,125 70% Debt Service Funds 315 Airport 2003 Debt Reserve 134 355 7,439 30,526 (7,305) 5552% 328 SBCDA 2003 Debt Reserve 224 593 12,437 51,035 (12,213) 5552% 351 2018 TIF Park Bond Debt Service 21,362 4,494 29,464 30,515 (8,102) 138% 352 2019 South Shore Double Tracking Debt Service 1,030,838 515,500 1,035,502 1,035,503 (4,664) 100% 353 2020 TIF Library Bond Debt Service Reserve 6,670 1 9 16 6,661 0% Total Debt Service Funds 1,059,228 520,944 1,084,851 1,147,595 (25,623) 102% Total Redevelopment Commission Funds 47,011,409 1,562,711 33,970,843 83,144,138 13,040,567 72% Grand Total 447,144,458 34,768,242 262,458,071 461,571,497 184,686,393 59% City of South Bend Monthly Fund Financials Expenditure Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Current Encumbrances Budget Balance Percent of Budget* City Controlled Funds 101 General Fund 136,729,645 9,749,848 64,668,037 110,246,594 15,453,411 56,608,197 59% Special Revenue Funds 102 Rainy Day - - - - - - 0% 201 Parks & Recreation 36,208,244 2,335,793 15,481,294 22,736,190 4,738,256 15,988,694 56% 202 Motor Vehicle Highway 20,697,656 1,229,947 8,865,315 14,964,891 3,720,784 8,111,557 61% 209 Studebaker-Oliver Revitalizing Grants 84,626 19 13,559 39,368 182,597 (111,530) 232% 210 Economic Development State Grants - - - - - - 0% 211 Dept of Community Investment Operating 5,330,572 368,587 2,602,113 4,233,812 296,496 2,431,962 54% 212 Dept of Community Investment Grants 10,771,637 587,426 1,948,957 2,859,882 2,644,752 6,177,929 43% 216 Police State Seizures 22,000 - - - - 22,000 0% 217 Gift, Donation, Bequest 1,834,312 1,310 650,664 5,339,970 468,145 715,503 61% 218 Police Curfew Violations - - - - - - 0% 219 Unsafe Building 25,000 987 16,478 24,780 8,522 - 100% 220 Law Enforcement Continuing Education 1,205,168 16,135 519,620 904,620 450,233 235,314 80% 221 Rental Units Regulation 144,866 4,392 36,730 56,593 87,959 20,177 86% 227 Loss Recovery 410,000 - - - 156,000 254,000 38% 230 Code Enforcement 7,979,653 460,349 3,419,023 5,001,223 420,934 4,139,695 48% 249 Local Income Tax - Public Safety 13,878,633 1,067,587 8,006,904 13,856,681 - 5,871,729 58% 251 Local Road & Street 4,304,636 313,809 348,867 3,269,691 924,879 3,030,890 30% 257 LOIT Special Distribution 53,339 - 34,535 - - 18,804 65% 258 Human Rights Federal Grants 381,927 44,443 182,656 231,051 21,658 177,613 53% 263 American Rescue Plan 24,553 - 18,462 9,321,898 5,964 126 99% 264 COVID-19 Response - - 4,166 118,138 - (4,166) 0% 265 Local Road & Bridge Grant 3,993,345 384,279 643,449 1,229,350 2,233,545 1,116,351 72% 266 MVH Restricted 3,670,924 438,773 1,587,840 2,955,898 1,508,576 574,507 84% 273 Morris PAC / Palais Royale Marketing - - - - - - 0% 274 Morris PAC Self-Promotion - - - - - - 0% 280 Police Block Grants - - - - - - 0% 288 Emergency Medical Services Operating - - - - - - 0% 289 Haz-Mat 10,000 - - - - 10,000 0% 291 Indiana River Rescue 94,700 9,551 39,426 60,963 16,342 38,932 59% 292 Police Grants - - - - - - 0% 294 Regional Police Academy - - - - - - 0% 295 COPS MORE Grant - - - - - - 0% 299 Police Federal Drug Enforcement 50,000 14,920 22,315 - - 27,685 45% 404 Local Income Tax - Certified Shares 45,564 336,166 1,046,462 1,297,124 - (1,000,898) 2297% 408 Local Income Tax - Economic Development 36,901,064 2,708,694 16,088,155 16,862,259 3,942,740 16,870,169 54% 410 Urban Development Action Grant - - - - - - 0% 655 Project ReLeaf 469,686 28,203 209,841 397,704 - 259,846 45% 705 Police K-9 Unit - - - - - - 0% 730 City Cemetery - - - - - - 0% 754 Industrial Revolving Fund 548,655 6,505 56,910 82,115 45,583 446,163 19% Total Special Revenue Funds 149,140,760 10,357,874 61,843,742 105,844,202 21,873,965 65,423,052 56% Debt Service Fund 312 2017 Parks Bond Debt Service 1,181,215 607,308 1,181,215 1,177,990 - - 100% 350 2018 Fire Station #9 Bond Debt Service 344,656 171,466 344,656 341,331 - - 100% 672 Century Center Energy Conservation Debt Svc 388,754 - 194,163 393,388 - 194,591 50% 752 South Bend Redevelopment Authority 6,733,009 1,760,500 6,306,541 4,686,781 - 426,468 94% 755 South Bend Building Corporation 1,430,605 - 859,909 1,424,543 - 570,696 60% 756 2015 Smart Streets Bond Debt Service 1,712,844 - 856,384 1,706,394 - 856,459 50% 757 2015 Parks Bond Debt Service 381,031 - 191,491 368,381 - 189,541 50% 760 2017 Eddy Street Commons Bond Debt Service 1,955,125 - 975,375 1,941,375 - 979,750 50% Total Debt Service Funds 14,127,239 2,539,273 10,909,734 12,040,183 - 3,217,505 77% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Current Encumbrances Budget Balance Percent of Budget* Capital Funds 287 Fire Department Capital 8,580,975 476,842 3,879,608 3,623,181 2,523,576 2,177,791 75% 401 Coveleski Stadium Capital 30,000 - - 21,613 - 30,000 0% 406 Cumulative Capital Development 891,096 41,667 291,667 548,541 - 599,430 33% 407 Cumulative Capital Improvement 75,000 6,250 43,750 75,000 - 31,250 58% 412 Major Moves Construction 762,824 210 155,509 884,900 134,483 472,832 38% 413 Professional Sports Convention Development Area 218,646 - 157,923 4,167,772 25,723 35,000 84% 416 Morris Performing Arts Center Capital 6,692,686 2,031,967 6,274,565 1,493,326 418,092 28 100% 450 Palais Royale Historic Preservation 10,000 - - - - 10,000 0% 451 2018 Fire Station #9 Bond Capital - - - - - - 0% 453 Zoo Bond Capital - - - 0 - - 0% 455 2021 Infrastructure Bond Capital 446,483 295,519 399,500 276,767 - 46,983 89% 458 458 2024 RDA Bond Proceeds (Four Winds) 43,538,668 2,312,709 15,890,874 2,027,334 27,409,552 238,242 99% 471 2017 Parks Bond Capital 458,822 14,004 14,004 375,154 16,345 428,473 7% 750 Equipment/Vehicle Leasing - - - - - - 0% 759 2017 Eddy Street Commons Bond Capital - - - - - - 0% Total Capital Funds 61,705,200 5,179,168 27,107,399 13,493,588 30,527,772 4,070,029 93% Enterprise Funds 600 Consolidated Building 2,065,233 190,080 1,047,207 2,838,993 1,134,234 (116,208) 106% 601 Parking Garages 1,152,612 238,161 1,041,257 1,261,150 234,079 (122,724) 111% 602 Morris Performing Arts Center Operations 1,904,598 144,475 977,285 1,521,576 143,458 783,855 59% 610 Solid Waste Operations 8,662,231 541,125 4,226,613 7,679,398 526,757 3,908,861 55% 611 Solid Waste Capital 3,310,370 265,159 1,241,649 3,866,961 1,615,932 452,788 86% 620 Water Works Operations 25,351,815 3,050,184 11,521,083 17,801,468 2,339,645 11,491,088 55% 622 Water Works Capital 20,772,049 1,575,427 2,120,451 2,037,026 3,256,001 15,395,596 26% 624 Water Works Customer Deposit - - - - - - 0% 625 Water Works Sinking (Debt Service) 3,646,688 167,924 524,704 1,090,143 - 3,121,984 14% 626 Water Works Bond Reserve - - - - - - 0% 629 Water Works Operations & Maintenance Reserve - - - - - - 0% 640 Sewer Repair Insurance 1,413,156 100,146 684,857 994,942 284,641 443,657 69% 641 Sewage Works Operations 55,601,832 6,350,672 20,443,605 31,647,467 1,689,729 33,468,498 40% 642 Sewage Works Capital 33,679,967 1,215,657 5,620,375 4,317,807 11,243,638 16,815,954 50% 643 Sewage Works Operations & Maintenance Reserve - - - - - - 0% 649 Sewage Sinking (Debt Service) 10,584,228 - 615,595 7,623,195 - 9,968,633 6% 653 Sewage Debt Service Reserve - - - - - - 0% 654 Sewage Works Customer Deposit - - - - - - 0% 667 Storm Sewer 2,313,295 1,390 410,019 1,601,475 354,087 1,549,188 33% 670 Century Center Operations 3,619,462 351,812 2,637,933 4,807,849 59,796 921,733 75% 671 Century Center Capital 106,740 - 50,627 223,629 229 55,885 48% Total Enterprise Funds 174,184,275 14,192,213 53,163,261 89,313,080 22,882,225 98,138,788 44% Internal Service Funds 222 Central Services 12,617,465 825,082 6,054,138 11,050,762 61,765 6,501,562 48% 224 Central Services Capital - - - - - - 0% 226 Liability Insurance 4,122,275 1,124,651 2,230,577 3,098,324 285,017 1,606,681 61% 278 Police Take Home Vehicle 50,000 - - - - 50,000 0% 279 IT / Innovation / 311 Call Center 18,164,507 1,500,746 8,884,122 12,501,398 3,317,347 5,963,038 67% 711 Self-Funded Employee Benefits 21,512,637 2,148,573 12,334,683 18,734,663 2,275,792 6,902,162 68% 713 Unemployment Compensation 82,500 12,970 59,438 77,729 - 23,062 72% 714 Parental Leave 150,000 - - 78,021 - 150,000 0% Total Internal Service Funds 56,699,384 5,612,021 29,562,958 45,540,898 5,939,922 21,196,505 63% Fiduciary Funds 701 Fire Pension 4,526,297 331,834 2,367,941 3,985,174 3,500 2,154,856 52% 702 Police Pension 6,011,449 522,667 3,617,716 6,053,170 3,500 2,390,233 60% Total Fiduciary Funds 10,537,746 854,501 5,985,657 10,038,345 7,000 4,545,089 57% Total City Controlled Funds 603,124,248 48,484,898 253,240,788 386,516,888 96,684,295 253,199,165 58% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Monthly Fund Financials Expenditure Summary July 31, 2025 Current Amended Budget Current Month Actual Current Year to Date Actual Prior Year Actual Current Encumbrances Budget Balance Percent of Budget* Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF - River West Development Area 45,420,608 3,252,424 13,547,407 39,245,605 8,494,857 23,378,344 49% 422 TIF - West Washington 1,740,000 2,740 75,237 1,208,357 99,143 1,565,620 10% 429 TIF - River East Development Area (NE Dev) 15,792,214 945,210 3,912,827 5,176,736 5,001,104 6,878,283 56% 430 TIF - Southside Development Area #1 5,972,741 363,467 1,812,798 8,034,036 890,203 3,269,739 45% 435 TIF - Douglas Road 423,175 348,434 348,434 - - 74,741 82% 436 TIF - River East Residential Area (NE Res) 5,082,296 979,750 3,378,262 6,992,824 289,681 1,414,353 72% Total Tax Increment Financing Funds 74,431,035 5,892,024 23,074,965 60,657,558 14,774,989 36,581,080 51% Redevelopment Funds 433 Redevelopment General 3,279,835 436,879 1,231,281 1,487,965 624,007 1,424,547 57% 439 Certified Technology Park - - - - - - 0% 452 2018 TIF Park Bond Capital 76,676 - 76,676 2,238,756 - - 100% 454 Airport Urban Enterprise Zone - - - - - - 0% 456 2023 South Bend Redevelopment Authority 15,296,320 6,192 1,778,401 5,520,906 4,608,880 8,909,039 42% 457 2024 South Bend Redevelopment Authority 14,754,750 - - 71,735 181,352 14,573,398 1% Total Redevelopment Funds 33,407,581 443,071 3,086,358 9,319,361 5,414,239 24,906,984 25% Debt Service Funds 315 Airport 2003 Debt Reserve - - - 1,040,462 - - 0% 328 SBCDA 2003 Debt Reserve - - - 1,739,495 - - 0% 351 2018 TIF Park Bond Debt Service - - - - - - 0% 352 2019 South Shore Double Tracking Debt Service 1,030,125 - 517,500 1,033,625 - 512,625 50% 353 2020 TIF Library Bond Debt Service Reserve - - - - - - 0% Total Debt Service Funds 1,030,125 - 517,500 3,813,582 - 512,625 50% Total Redevelopment Commission Funds 108,868,740 6,335,096 26,678,824 73,790,501 20,189,228 62,000,689 43% Grand Total 711,992,988 54,819,993 279,919,612 460,307,390 116,873,523 315,199,854 56% * Percent of budget spent includes year to date expenditures and outstanding encumbrances City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Taxes Property Taxes Civil City - - - - - 38,275,657 - - - - - - 38,275,657 67,959,634 56% TIF Districts - - - - - 22,895,231 - - - - - - 22,895,231 40,805,075 56% Sub Total - - - - - 61,170,888 - - - - - - 61,170,888 108,764,709 56% Local Income Tax LIT Certified Shares 960,860 960,860 960,860 960,860 2,220,580 960,860 960,860 - - - - - 7,985,739 13,285,318 60% LIT for Economic Development 1,297,068 1,297,068 1,297,068 1,297,068 2,999,620 1,297,068 1,297,068 - - - - - 10,782,027 17,774,148 61% LIT for Public Safety 916,723 916,723 916,723 916,723 2,138,241 916,723 916,723 - - - - - 7,638,580 12,400,678 62% LIT for Redevelopment - - - - - - - - - - - - - - NA LIT Additional - Supplemental Distrib - - - - - - - - - - - - - - NA Sub Total 3,174,651 3,174,651 3,174,651 3,174,651 7,358,441 3,174,651 3,174,651 - - - - - 26,406,346 43,460,144 61% Total Taxes 3,174,651 3,174,651 3,174,651 3,174,651 7,358,441 64,345,539 3,174,651 - - - - - 87,577,234 152,224,853 58% Intergovernmental Revenue State Shared Revenue Auto Excise Tax - - - - - 1,630,563 - - - - - - 1,630,563 4,836,893 34% Commercial Vehicle Tax - - - - - 474,300 - - - - - - 474,300 1,276,753 37% Liquor Excise Tax 40,013 - - - - 36,036 - - - - - - 76,049 71,000 107% Liquor Gallonage Tax 59,944 - - 52,728 - - 61,329 - - - - - 174,001 246,041 71% Cigarette Tax - - - - - 193,706 - - - - - - 193,706 220,530 88% Gasoline Tax 524,009 541,614 584,575 537,787 589,343 562,037 586,305 - - - - - 3,925,670 6,179,138 64% Wheel Tax 146,462 - 127,853 347,789 198,044 - - - - - - - 820,149 2,100,000 39% PSCDA Tax 672,740 615,123 571,336 845,153 - - 18,737 - - - - - 2,723,089 2,800,000 97% State Pension Subsidy - - - - - 4,993,534 - - - - - - 4,993,534 10,600,000 47% Sub Total 1,443,168 1,156,736 1,283,765 1,783,458 787,388 7,890,177 666,371 - - - - - 15,011,061 28,330,355 53% Local Government Shared Revenue Hotel Motel Tax 3,145,437 - - - - - - - - - - - 3,145,437 2,660,437 118% Grants Federal Grants 515,821 360,689 189,458 430,246 101,806 94,907 1,849,215 - - - - - 3,542,143 5,492,512 64% State Grants 4,862,184 - 219,678 - 450 357,550 480,574 - - - - - 5,920,436 100,000 5920% Sub Total 5,378,005 360,689 409,136 430,246 102,256 452,457 2,329,789 - - - - - 9,462,579 5,592,512 169% Other Intergovernmental Staffing Agreements with County - - - - - 30,000 - - - - - - 30,000 30,000 100% Local Government Grants - - - - - - - - - - - - - - NA Federal Seized Drug 1,619 - - 2,106 11,011 15,550 8,072 - - - - - 38,358 80,000 48% State Seized Drug - 4,904 5,330 1,191 - 4,712 4,326 - - - - - 20,463 5,000 409% Sub Total 1,619 4,904 5,330 3,297 11,011 50,263 12,398 - - - - - 88,822 115,000 77% Total Intergovernmental Revenue 9,968,230 1,522,329 1,698,232 2,217,001 900,654 8,392,896 3,008,558 - - - - - 27,707,899 36,698,304 76% Licenses & Permits Business Business Licenses 24,275 28,032 20,882 16,361 7,806 4,812 2,821 - - - - - 104,989 116,755 90% Taxi Cab Licensing 76 76 558 525 10 290 131 - - - - - 1,666 2,200 76% Sub Total 24,351 28,108 21,440 16,886 7,816 5,102 2,952 - - - - - 106,655 118,955 90% Nonbusiness Lawn Parking 90 90 45 100 68 135 2,258 - - - - - 2,786 3,500 80% Engineering 29,325 3,939 6,050 11,990 9,420 8,180 16,065 - - - - - 84,969 127,257 67% Right-of-Way Closures 150 50 350 400 450 375 250 - - - - - 2,025 1,500 135% Park Food Sales Permit 15 206 - 26 139 150 205 - - - - - 741 360 206% Fire Dept-Building Plan Review 1,726 621 964 1,913 2,520 952 1,187 - - - - - 9,883 26,000 38% Building Department 202,050 124,098 231,154 745,978 215,897 416,326 186,397 - - - - - 2,121,899 2,285,800 93% SBARC - Pet Licenses 1,500 1,935 2,030 1,365 2,235 1,400 1,670 - - - - - 12,135 25,000 49% Sub Total 234,856 130,939 240,593 761,772 230,729 427,518 208,032 - - - - - 2,234,438 2,469,417 90% Total Licenses & Permits 259,206 159,047 262,033 778,658 238,545 432,620 210,984 - - - - - 2,341,093 2,588,372 90% Period Ending: July 31, 2025 City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Charges for Services General Government Plan Commission Charges 100 300 - 250 300 - 450 - - - - - 1,400 2,000 70% Ally Vaca Charges - - - - - - - - - - - - - - Copies of Public Records - - - - - - - - - - - - - 400 0% Historic Preserv Certificate of Approval 60 180 160 200 200 260 220 - - - - - 1,280 1,720 74% IT Services - - - - - - - - - - - - - - NA Sub Total 160 480 160 450 500 260 670 - - - - - 2,680 4,120 65% Public Safety Accident Report Copies 10,288 6,590 11,110 3,492 7,025 6,276 3,459 - - - - - 48,239 80,500 60% Traffic Signal Maintenance 5,125 4,164 10,918 20,209 2,892 11,849 12,177 - - - - - 67,334 150,000 45% EMS Special Event Coverage - 840 - 59,202 - 8,860 - - - - - - 68,902 160,000 43% Regional Academy Tuition 7,200 3,150 1,600 - - - - - - - - - 11,950 20,000 60% River Rescue School Tuition 17,000 22,270 8,500 16,745 5,100 - - - - - - - 69,615 90,000 77% Fire Training Center Tuition - - - - - - 2,500 - - - - - 2,500 50,000 5% Emergency Medical Service 349,131 434,618 529,142 434,871 366,224 509,959 245,811 - - - - - 2,869,755 3,400,000 84% Medicaid Reimbursements - - - 689,993 - - - - - - - - 689,993 469,580 147% EMS for County 189,923 189,923 189,893 189,923 189,923 189,923 189,923 - - - - - 1,329,428 2,108,162 63% Hazmat Charges - - - 2,487 - 1,881 1,985 - - - - - 6,353 5,000 127% Police Special Event Coverage - - - - - - - - - - - - - 15,000 0% Crime Lab Services - - 1,975 600 3,050 1,225 - - - - - - 6,850 15,000 46% EMS Late Payment Interest - - - - - - - - - - - - - 15,000 0% Misc Revenue - 36 18 27 9 18 36 - - - - - 144 500 29% Sub Total 578,666 661,591 753,155 1,417,549 574,221 729,990 455,891 - - - - - 5,171,064 6,578,742 79% Culture & Recreation Morris Performing Arts Center 5,559 48,992 75,949 150,489 129,487 38,687 10,800 - - - - - 459,963 1,403,079 33% Palais Royale Ballroom 26,508 14,138 (1,316) 11,819 12,388 13,572 7,845 - - - - - 84,953 175,972 48% Parks & Recreation 332,632 111,091 149,330 250,704 410,993 426,299 468,870 - - - - - 2,149,919 3,525,304 61% Lease of Coveleski Stadium - - - - - - - - - - - - - 31,611 0% Century Center 214,891 137,135 225,646 152,541 328,187 182,030 90,857 - - - - - 1,331,287 2,097,000 63% Sub Total 579,589 311,356 449,609 565,553 881,055 660,589 578,371 - - - - - 4,026,122 7,232,966 56% Highways & Streets Sale of Signs/Materials - 2,800 - 2,377 - - - - - - - - 5,177 500 1035% Special Events - - - - 25 150 25 - - - - - 200 10,000 2% Sub Total - 2,800 - 2,377 25 150 25 - - - - - 5,377 10,500 51% Sanitation Trash Collection/Residential 579,794 591,169 591,283 591,570 592,731 593,919 593,117 - - - - - 4,133,583 6,865,976 60% Trash Collection/Commercial 12,210 12,380 12,248 12,235 12,259 12,206 12,124 - - - - - 85,662 145,779 59% Trash Collection/Apt 2 Units 4,745 4,925 4,824 4,848 4,807 4,813 4,783 - - - - - 33,745 60,742 56% Trash Collection/Apt 3 Units 2,199 2,244 2,244 2,279 2,290 2,285 2,286 - - - - - 15,827 27,941 57% Trash Collection/Apt 4 Units 3,015 3,064 3,089 3,092 3,110 3,089 3,090 - - - - - 21,551 34,015 63% Trash Collection/Seniors - - - - - - - - - - - - - 54,667 0% Trash Collection/Special Pickup 1,980 2,000 1,500 2,280 1,900 2,140 2,460 - - - - - 14,260 32,629 44% Trash Collection/Yard Waste Pickup 20 10 - 40 70 10 20 - - - - - 170 770 22% Misc/Additional Trash Totes (587) (157) (225) (108) (335) (644) (128) - - - - - (2,185) - NA Misc/Return Trip Customer Error 1,850 1,470 1,790 1,540 1,090 1,660 1,660 - - - - - 11,060 12,095 91% Misc/Contamination Fee 60 75 20 230 1,225 1,535 1,365 - - - - - 4,510 6,695 67% Misc/Tote Replacement Fee 350 150 500 800 766 414 1,207 - - - - - 4,187 6,905 61% Misc/Trash Start Fee 2,860 3,060 2,920 3,450 3,951 4,080 4,160 - - - - - 24,481 48,324 51% Misc/Yard Waste Totes 166 166 (65) 135,525 136,529 137,247 137,847 - - - - - 547,416 960,000 57% Sub Total 608,663 620,556 620,129 757,781 760,393 762,755 763,991 - - - - - 4,894,267 8,256,538 59% City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Charges for Services Utilities - Water Metered Sales/Residential 688,451 690,817 662,098 652,031 691,577 773,912 875,290 - - - - - 5,034,175 9,232,159 55% Metered Sales/Commercial 204,280 206,911 207,035 199,533 216,678 231,634 241,502 - - - - - 1,507,572 2,930,546 51% Metered Sales/Industrial 29,090 30,247 31,856 29,987 32,816 33,712 33,505 - - - - - 221,214 560,965 39% Metered Sales/Multi Family 103,857 96,836 103,384 99,643 104,161 105,410 117,025 - - - - - 730,316 1,400,014 52% Bulk Sales/Olive St - - - - 203 534 - - - - - - 737 8,087 9% Metered Sales/Institution 10,977 12,374 12,297 11,447 11,699 12,254 12,591 - - - - - 83,638 151,759 55% Public Fire Protection 229,995 230,005 230,146 229,949 230,489 229,410 231,174 - - - - - 1,611,168 2,949,806 55% Private Fire Protection 42,677 42,495 42,401 42,387 42,427 42,268 42,365 - - - - - 297,021 554,704 54% Sales to Public Authorities 32,719 35,403 36,695 31,813 36,773 44,770 51,866 - - - - - 270,039 326,737 83% Irrigation Sales 2,642 2,628 2,914 7,967 68,876 248,343 346,078 - - - - - 679,449 1,565,306 43% Other Water/Misc Service 18,039 34,437 26,565 20,577 43,659 36,214 36,933 - - - - - 216,424 537,812 40% Backflow Prevention Insp. 9,000 13,250 15,300 13,425 14,825 19,200 12,000 - - - - - 97,000 183,931 53% Water Main Extension - - - - - - - - - - - - - - NA Rents From Water Property - - - - - - - - - - - - - - NA Revenue From Cut Off Fees - 450 525 375 225 300 - - - - - - 1,875 5,025 37% Penalties (Forfeit Disc.) (6,240) 9,686 8,764 9,163 7,429 9,566 9,812 - - - - - 48,181 83,415 58% Water Leak Insurance 96,429 96,255 96,155 96,175 96,348 96,219 96,395 - - - - - 673,977 1,202,845 56% System Development Fee 8 1,713 3,420 9,619 5,558 43,819 18,858 - - - - - 82,994 210,000 40% Sub Total 1,461,925 1,503,507 1,479,556 1,454,090 1,603,743 1,927,565 2,125,393 - - - - - 11,555,779 21,903,111 53% Utilities - Sewage Metered Sales/Residential 1,971,203 1,956,623 1,940,534 1,968,637 1,991,307 2,003,293 1,996,346 - - - - - 13,827,943 22,555,939 61% Metered Sales/Commercial 696,294 791,433 689,305 681,610 691,584 699,856 768,929 - - - - - 5,019,011 8,872,531 57% Metered Sales/Industrial 463,582 464,655 460,948 479,203 481,243 486,282 493,153 - - - - - 3,329,066 6,076,245 55% Metered Sales/Multi Family 286,434 284,281 282,300 291,613 292,864 291,636 295,032 - - - - - 2,024,160 3,546,028 57% Metered Sales/Institution 29,221 31,925 31,997 30,257 30,432 31,479 31,362 - - - - - 216,675 337,060 64% Sales to Public Authority 110,159 115,243 116,905 108,688 122,492 129,105 142,468 - - - - - 845,059 1,265,097 67% Wholesale Meter/New Carlisle - - - - - - - - - - - - - 287,618 0% Penalties (Forfeit Disc.) 71,121 61,566 54,584 56,834 52,037 58,448 55,138 - - - - - 409,728 614,567 106% Dumping Fees 6,875 10,300 13,060 17,602 17,040 17,840 17,051 - - - - - 99,768 25,873 386% Laboratory Service Fees 1,950 1,800 1,950 3,900 1,950 - 2,910 - - - - - 14,460 1,754 824% Discharge Permit Fees 1,500 - - - 1,000 - - - - - - - 2,500 6,434 39% System Development Fee 19 4,141 8,249 228,256 12,366 104,596 44,426 - - - - - 402,053 339,000 119% Sewage-System Dev Finance Charge - - - - - - - - - - - - - - NA Sewage-Sewer Extension 33 33 33 33 33 400 - - - - - - 567 - NA Sewer Repair Insurance 49,422 49,359 49,281 49,257 49,420 49,386 49,405 - - - - - 345,529 585,295 59% Sewer Repair Deductible 10,117 10,054 9,915 10,079 9,972 9,129 9,794 - - - - - 69,060 80,800 85% Charges for Svcs-Utilities-Sewage-Misc Revenues 434 - - - - - 1,538 - - - - - 1,972 - NA UAP Assistance Fee 90,778 90,698 90,671 90,691 90,933 91,040 91,035 - - - - - 635,847 968,920 66% UAP Credit (Contra) (60,632) (58,601) (61,608) (65,118) (68,361) (70,061) (71,624) - - - - - (456,005) (968,920) 47% RINS Credits - - - - - - - - - - - - - - NA Disconnect Program Fee - - - - - - - - - - - - - - NA Unmetered Sewer Fee 25,781 25,881 25,174 25,642 25,687 25,483 26,369 - - - - - 180,017 - NA Sub Total 3,754,290 3,839,391 3,713,298 3,977,185 3,801,999 3,927,912 3,953,332 - - - - - 26,967,408 44,594,241 60% Utilities - Other Storm Water Fees 107,201 113,947 113,814 113,502 113,839 113,612 113,760 - - - - - 789,675 1,147,200 69% Clean Air/ReLeaf (Leaf Pickup) 37,985 37,920 37,880 37,872 37,941 37,927 37,921 - - - - - 265,445 456,126 58% Sub Total 145,186 151,867 151,693 151,374 151,780 151,539 151,681 - - - - - 1,055,120 1,603,326 66% Organic Resources Yard Waste Drop-Off 1,553 2,492 10,076 24,247 14,301 16,023 15,770 - - - - - 84,461 117,434 72% Mulch/Compost Sales 21 290 3,798 10,610 6,470 4,054 2,079 - - - - - 27,323 56,432 48% Sub Total 1,574 2,782 13,874 34,856 20,771 20,077 17,849 - - - - - 111,784 173,866 64% City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Charges for Services Animal Resource Center Pet Impound Reclaim Fee - 235 175 340 125 240 570 - - - - - 1,685 3,000 56% Pet Adoption Fees 2,080 1,762 589 1,443 1,140 1,270 1,354 - - - - - 9,638 20,000 48% Pick Up Fees 160 - - - 80 40 40 - - - - - 320 500 64% Pet Micro Chipping 180 240 260 320 320 460 360 - - - - - 2,140 3,600 59% Vet Expenses 300 30 255 585 81 406 105 - - - - - 1,762 2,500 70% Pet Euthanasia 120 120 160 180 280 280 340 - - - - - 1,480 500 296% Animal Surrenders 880 660 757 780 680 640 560 - - - - - 4,957 8,500 58% Cremation 765 560 430 820 745 1,185 890 - - - - - 5,395 5,500 98% Rabies Specimen Prep 30 120 60 60 30 60 - - - - - - 360 500 72% Boarding - - - - - - - - - - - - - 600 0% Sub Total 4,515 3,727 2,686 4,528 3,481 4,581 4,219 - - - - - 27,737 45,200 61% Other DCI Staff Contracts 2,500 1,250 84,839 28,077 17,896 120,416 455,187 - - - - - 710,166 914,269 78% Other Misc Charges for Services - - - - - - - - - - - - - - NA Parking-Garages 91,996 3,990 2,175 233,647 72,670 98,082 208,319 - - - - - 710,879 859,619 83% Parking-Century Center 17,520 9,255 27,176 7,825 8,490 7,280 5,685 - - - - - 83,231 70,000 119% Central Services-Internal Customers 707,969 837,071 797,095 921,724 769,732 860,143 784,262 - - - - - 5,677,996 11,585,257 49% Central Services-External Customers 21,322 26,711 43,791 25,884 25,445 30,533 29,863 - - - - - 203,550 380,000 54% Employee & Employer Assessments 1,536,221 1,516,456 1,521,695 1,514,926 1,512,525 1,510,974 1,512,797 - - - - - 10,625,595 18,514,500 57% Sub Total 2,377,528 2,394,734 2,476,772 2,732,085 2,406,758 2,627,427 2,996,113 - - - - - 18,011,417 32,323,645 56% Total Charges for Services 9,512,095 9,492,792 9,660,932 11,097,828 10,204,727 10,812,846 11,047,535 - - - - - 71,828,754 122,726,256 59% Fines, Forfeitures, & Fees General Ordinance Violation - 50 - - - - - - - - - - 50 - NA Bad Checks Fines - - - - - - - - - - - - - - NA Collections - - 213 150 - - 375 - - - - - 738 5,000 15% Court Fees 1,723 - - - - 1,455 1,812 - - - - - 4,990 10,000 50% Plan Commission Application Fee 1,350 1,000 1,600 3,000 1,950 500 4,600 - - - - - 14,000 24,000 58% Zoning Appeals Application Fee 1,450 1,950 2,200 1,225 1,750 1,025 1,825 - - - - - 11,425 13,600 84% Zoning Admin Fees 1,110 700 970 1,270 1,580 1,340 1,300 - - - - - 8,270 15,800 52% Zoning Admin Fines 75 - 38 38 75 - 38 - - - - - 263 500 53% Tax Abatement Admin Fees 750 3,542 2,705 - 1,696 500 1,329 - - - - - 10,522 10,600 99% Test Filling Fees 600 550 350 150 350 350 300 - - - - - 2,650 8,000 33% Econ Dev-CDBG Loan Late Fees - - - - - - - - - - - - - - NA Sub Total 7,058 7,792 8,075 5,833 7,401 5,170 11,578 - - - - - 52,907 87,500 60% Code Enforcement Vacant Bldg Registration 314 600 - - - - 500 - - - - - 1,414 600 236% Landlord Registration Fee 60 70 20 25 15 25 10 - - - - - 225 - NA Rental Unit Safety Fees 16,250 28,500 11,500 2,243 9,750 24,750 24,500 - - - - - 117,493 250,000 47% Demolition & Boarding 794 453 1,706 623 825 408 333 - - - - - 5,142 20,640 25% Collections - 75 - - - - - - - - - - 75 500 15% Environmental Violations 9,394 9,995 13,427 8,571 20,502 15,194 15,118 - - - - - 92,199 89,400 103% Ordinance Violation 8,265 6,706 6,982 6,782 21,996 1,295 1,324 - - - - - 53,350 102,000 52% Animal Ordinance Violation 727 623 866 1,257 963 2,888 1,627 - - - - - 8,951 50,000 18% Forfeitures-Civil Penalties - - - 560 100 1,700 - - - - - - 2,360 10,000 24% Forfeitures-Chronic Problem - - - - - - - - - - - - - - NA Sub Total 35,803 47,022 34,500 20,060 54,151 46,260 43,412 - - - - - 281,208 523,140 54% Parking Street Parking Fines 6,220 3,290 4,160 11,420 10,290 11,220 31,280 - - - - - 77,880 75,000 104% City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Fines, Forfeitures, & Fees Public Safety False Alarms Fine 10,889 2,256 4,869 5,138 5,751 7,850 6,337 - - - - - 43,090 85,000 51% Noise Ordinance 360 - 50 50 50 100 - - - - - - 610 1,000 61% Curfew Violation - - - 25 - - - - - - - - 25 200 13% Chronic Problem Property - - - - - - - - - - - - - - NA Impound Towing Fees 560 490 610 570 630 540 640 - - - - - 4,040 10,000 40% Sub Total 11,810 2,746 5,529 5,783 6,431 8,490 6,977 - - - - - 47,766 96,200 50% Total Fines, Forfeitures, & Fees 60,891 60,850 52,264 43,095 78,273 71,140 93,247 - - - - - 459,761 781,840 59% Other Income Miscellaneous Revenue Miscellaneous Revenue 3,030 9,223 46,650 22,982 14,184 1,976,783 18,423 - - - - - 2,091,276 84,186 2484% Sale of Scrap Metal 1,783 1,856 1,217 19,474 947 - 1,612 - - - - - 26,889 18,055 149% Bond Interest Rebate - - - - - - 29,796 - - - - - 29,796 55,832 53% Program Income 322 - - 942 466 590 2,240 - - - - - 4,560 50,000 9% Origination Fees 14,700 - 4,187 3,000 - 1,685 - - - - - - 23,572 10,000 236% Loan Servicing Fees 640 4,504 19,323 6,069 7,765 9,534 8,330 - - - - - 56,166 54,000 104% Sub Total 20,476 15,584 71,377 52,467 23,362 1,988,592 60,401 - - - - - 2,232,258 272,073 820% Bank Account Interest 2,183,645 1,463,750 1,590,255 1,541,751 820,641 1,915,527 1,778,892 - - - - - 11,294,461 6,256,231 181% Rental of Property 14,863 15,995 15,593 30,168 11,228 11,028 19,020 - - - - - 117,896 170,284 69% Donations 76,663 2,937 2,983 44,279 20,011 890,412 550,616 - - - - - 1,587,902 1,399,000 114% 3rd Party Revenue Cable TV Franchise Fees - 107,925 - - 111,488 - - - - - - - 219,414 600,000 37% Video Franchise Fees 17,421 - - 16,217 - - 15,416 - - - - - 49,054 100,000 49% Sub Total 17,421 107,925 - 16,217 111,488 - 15,416 - - - - - 268,468 700,000 38% Total Other Income 2,313,069 1,606,191 1,680,208 1,684,883 986,730 4,805,560 2,424,345 - - - - - 15,500,985 8,797,588 176% Reimbursements Miscellaneous Reimbursements 6,837 51,003 7,505 42,802 28,701 60,929 33,214 - - - - - 230,991 72,030 321% Insurance Claim 18,783 35,632 31,656 19,824 45,217 24,390 7,905 - - - - - 183,408 97,000 189% IT Services 75,627 - - - - - - - - - - - 75,627 - NA Travel Reimbursement - - - - - - - - - - - - - 35,000 0% Lamppost Program - - 50 1,500 1,450 1,000 400 - - - - - 4,400 8,000 55% Energy Rebates - - - - - - - - - - - - - 45,000 0% Repair Reimbursement 5,292 75 225 75 525 1,833 75 - - - - - 8,100 20,000 40% Salary/Overtime Reimb 19,677 15,630 - 3,373 - - 4,169 - - - - - 42,849 400,000 11% Diesel Tax Rebate - - 12,871 - 7,540 3,799 - - - - - - 24,210 40,000 61% Pharmacy Rebates 73,797 77,514 76,703 74,338 72,784 74,406 - - - - - - 449,542 800,000 56% Morris Advertising Reimbursement - - - - - - - - - - - - - - NA Sub Total 200,015 179,855 129,010 141,913 156,217 166,357 45,762 - - - - - 1,019,127 1,517,030 67% Departmental Reimbursements - - - - - - - - - - - - - - NA Total Reimbursements 200,015 179,855 129,010 141,913 156,217 166,357 45,762 - - - - - 1,019,127 1,517,030 67% Other Sources Interfund Transfers & Fixed Cost Allocations Interfund Transfers In 6,790,808 1,832,093 2,647,672 2,266,874 2,303,711 1,775,243 5,816,293 - - - - - 23,432,695 64,177,906 37% PILOT - - - - - - 5,765,661 - - - - - 5,765,661 5,765,661 100% Administration Cost Allocation 798,833 798,833 798,833 798,833 798,833 798,833 798,833 - - - - - 5,591,834 9,586,000 58% IT Cost Allocation 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 1,249,273 - - - - - 8,744,914 14,991,280 58% Liability Insurance Allocation 303,333 303,333 303,333 303,333 303,333 303,333 303,333 - - - - - 2,123,333 3,639,999 58% Payroll Cost Allocation 233,769 233,769 233,769 233,769 233,769 233,769 233,769 - - - - - 1,636,380 2,789,430 59% Facilities Management Allocation 13,333 13,333 13,333 13,333 13,333 13,333 13,333 - - - - - 93,333 160,000 58% Utility Customer Service Mgmt Allocation 134,688 134,688 134,688 134,688 134,688 134,688 134,688 - - - - - 942,813 1,616,250 58% Sub Total 9,524,038 4,565,322 5,380,902 5,000,104 5,036,941 4,508,473 14,315,184 - - - - - 48,330,962 102,726,526 47% City of South Bend Revenue by Type Report Year to Date % Revenue Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Other Sources Sale of Assets Sale of Capital Assets - - - - - - - - - - - - - 20,000 0% Sale of Non-Capital Assets - - - - - - - - - - - - - - NA Sale of Property - 500 - - - 900 500 - - - - - 1,900 10,000 19% Other Damage Reimbursement - - - - - - - - - - - - - - NA Vehicle Damage Reimbursement - - - - - - - - - - - - - - NA Hydrant Damage Reimbursement - 3,038 - - - 546 - - - - - - 3,584 - NA Sub Total - 3,538 - - - 1,446 500 - - - - - 5,484 30,000 18% Issuance of Debt Capital Lease Proceeds - - - - 7,424,128 - - - - - - - 7,424,128 10,390,997 71% Bond Proceeds - - - - - - - - - - - - - 7,673,000 0% Premium on Bonds - - - - - - - - - - - - - - NA Sub Total - - - - 7,424,128 - - - - - - - 7,424,128 18,063,997 41% Refunds Refunds 13 (3,443) 14,164 581 (4) 210 286 - - - - - 11,807 4,000 295% Specific Stop Loss - - - - - - - - - - - - - 10,000 0% Utility Receipts Tax Refund - - - - - - - - - - - - - - NA Sub Total 13 (3,443) 14,164 581 (4) 210 286 - - - - - 11,807 14,000 84% Other Sale of Property Held for Resale - - - - - - - - - - - - - - NA Interfund Loan - Principal Income - - - - - - - - - - - - - 111,126 0% Interfund Loan - Interest Income - - - - - - - - - - - - - 9,766 0% Other Loan - Principal Income (222,112) 127,130 47,327 52,062 (411,609) (34,393) 407,222 - - - - - (34,374) 348,500 -10% Other Loan - Interest Income 35,606 40,845 42,480 37,863 46,896 41,552 39,969 - - - - - 285,211 506,300 56% Sub Total (186,506) 167,975 89,807 89,925 (364,713) 7,159 447,190 - - - - - 250,837 975,692 26% Total Other Sources 9,337,544 4,733,392 5,484,873 5,090,610 12,096,351 4,517,288 14,763,160 - - - - - 56,023,219 121,810,215 46% Revenue Total 34,825,700 20,929,106 22,142,203 24,228,638 32,019,937 93,544,246 34,768,242 - - - - - 262,458,071 447,144,458 59% City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget General Fund General Government Mayor 101 128,906 93,787 88,085 75,878 89,640 88,657 86,644 - - - - - 651,598 1,253,668 52% Community Initiatives 101 - - - - - - - - - - - - - - NA Community Police Review Office 101 11,990 9,069 8,254 8,254 8,249 8,249 8,649 - - - - - 62,715 131,095 48% Clerk 101 54,383 42,270 54,715 35,631 39,198 36,929 46,792 - - - - - 309,917 649,328 48% Common Council 101 47,927 65,088 62,908 70,584 44,375 78,617 48,771 - - - - - 418,271 1,103,064 38% Youth Council 101 183 664 - 50 2,150 2,946 - - - - - - 5,993 12,000 50% General City 101 919,916 54,277 661,461 305,502 324,357 202,884 1,037,564 - - - - - 3,505,961 23,703,879 15% Controller' Office 101 343,018 228,397 288,560 278,585 462,410 320,444 244,454 - - - - - 2,165,869 3,937,885 55% Human Resources 101 83,347 67,251 60,807 63,550 63,665 66,773 62,417 - - - - - 467,809 1,007,893 46% Diversity & Inclusion 101 54,896 39,246 34,702 55,970 37,776 38,720 45,696 - - - - - 307,006 745,807 41% Human Rights 101 50,960 53,701 67,152 44,001 40,399 44,375 48,939 - - - - - 349,526 810,744 43% Legal 101 212,085 154,747 146,008 146,859 145,151 157,395 152,350 - - - - - 1,114,595 2,199,109 51% Engineering 101 500,000 500,000 500,000 500,000 500,000 500,000 500,000 - - - - - 3,500,000 4,100,000 85% Park Maintenance 101 134,889 67,272 - - - - 335,253 - - - - - 537,415 1,021,813 53% Park Capital 101 - - - - - - - - - - - - - 2,500,028 0% Curb & Sidewalk 101 133,333 133,333 133,333 133,333 133,333 133,333 133,333 - - - - - 933,333 1,600,000 58% Street Signals & Lighting 101 128,885 23,237 125,368 122,692 125,686 116,010 123,617 - - - - - 765,494 1,400,000 55% Streets 101 375,000 375,000 375,000 375,000 375,000 375,000 375,000 - - - - - 2,625,000 4,500,000 58% Sub Total 3,179,718 1,907,339 2,606,354 2,215,890 2,391,389 2,170,333 3,249,478 - - - - - 17,720,501 50,676,312 35% Public Works Engineering 101 404,743 281,397 367,908 279,442 308,383 327,567 317,577 - - - - - 2,287,016 5,267,228 43% Sub Total 404,743 281,397 367,908 279,442 308,383 327,567 317,577 - - - - - 2,287,016 5,267,228 43% Public Safety Police 101 4,279,195 3,536,835 2,998,129 3,102,488 3,223,519 3,171,295 3,378,170 - - - - - 23,689,631 47,124,915 50% Crime Lab 101 90,829 70,883 72,651 75,456 74,433 74,822 75,300 - - - - - 534,376 1,049,529 51% Fire 101 4,233,705 2,656,749 2,493,252 2,533,091 2,452,952 2,640,583 2,653,753 - - - - - 19,664,085 31,423,348 63% EMS 101 150,133 69,475 62,807 121,729 77,170 80,748 53,425 - - - - - 615,487 835,790 74% Fire Training Center 101 6,334 27,991 7,587 6,002 4,531 2,447 4,872 - - - - - 59,764 85,450 70% Sub Total 8,760,197 6,361,933 5,634,425 5,838,766 5,832,605 5,969,895 6,165,520 - - - - - 44,563,342 80,519,033 55% Community Investment Sustainability 101 - - - - 163 - - - - - - - 163 33,000 0% Sub Total - - - - 163 - - - - - - - 163 33,000 0% Arts & Culture Morris Performing Arts Center 101 - - - - - - - - - - - - - - NA Palais Royale Ballroom 101 16,757 9,070 18,875 12,995 12,222 9,824 17,272 - - - - - 97,015 234,072 41% Sub Total 16,757 9,070 18,875 12,995 12,222 9,824 17,272 - - - - - 97,015 234,072 41% Total General Fund 12,361,414 8,559,739 8,627,562 8,347,093 8,544,762 8,477,620 9,749,848 - - - - - 64,668,037 136,729,645 47% Venues, Parks & Arts Parks & Recreation Park Administration 201 80,340 89,823 90,708 92,048 90,127 92,607 94,527 - - - - - 630,180 1,241,599 51% Park Maintenance 201 909,597 680,619 599,983 686,484 655,060 854,582 1,229,943 - - - - - 5,616,268 13,737,591 41% Golf Courses 201 119,246 129,125 135,299 209,803 178,591 283,767 218,921 - - - - - 1,274,752 3,017,963 42% Recreational Experiences 201 220,197 132,420 139,495 130,268 159,846 151,259 205,441 - - - - - 1,138,926 2,408,439 47% Community Programming 201 153,332 115,195 113,026 121,952 125,487 136,425 164,131 - - - - - 929,548 1,834,201 51% Development & Promotions 201 130,622 96,463 91,816 120,902 310,699 93,130 130,401 - - - - - 974,035 2,607,534 37% Park Projects & Capital 201 - 889,321 359,348 1,500,896 340,569 13,081 33,014 - - - - - 3,136,229 6,548,718 48% Potawatomi Zoo 201 175,285 285 285 285 175,285 285 285 - - - - - 351,996 353,422 100% Park Debt 201 - - - - - - - - - - - - - 5,500 0% 201 85,685 44,874 44,092 77,270 119,210 130,039 167,875 - - - - - 669,045 1,964,942 34% Machinery & Equipment 201 115,511 125,797 75,902 120,690 145,861 85,301 91,254 - - - - - 760,316 2,488,333 31% Morris Palais Marketing 273 - - - - - - - - - - - - - - NA Morris PAC Self-Promotion 274 - - - - - - - - - - - - - - NA Coveleski Stadium Capital 401 - - - - - - - - - - - - - 30,000 0% Professional Sports Convention Dev. Area 413 91,346 62,913 - - 3,664 - - - - - - - 157,923 218,646 72% Morris PAC Improvement 416 277,029 1,478,278 412,474 601,678 5,343 1,467,796 2,031,967 - - - - - 6,274,565 6,692,686 94% Palais Historic Preservation 450 - - - - - - - - - - - - - 10,000 0% Morris Performing Arts Center Operations 602 147,383 116,292 134,960 165,886 127,446 140,844 144,475 - - - - - 977,285 1,904,598 51% Sub Total 2,505,573 3,961,403 2,197,389 3,828,162 2,437,190 3,449,116 4,512,235 - - - - - 22,891,068 45,064,174 51% Period Ending: July 31, 2025 City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Parking Garages Parking Enforcement 601 21,708 17,549 15,491 53,368 54,551 14,931 40,338 - - - - - 217,937 156,300 139% Parking General Operations 601 11,261 9,181 10,264 16,247 10,108 4,535 39,097 - - - - - 100,694 168,490 60% Main Street Garage 601 36,266 6,915 12,188 33,003 23,174 20,997 35,547 - - - - - 168,090 216,301 78% Leighton Plaza Garage 601 31,325 (4,650) (9,034) 35,013 10,568 31,644 28,039 - - - - - 122,904 223,453 55% Wayne West Garage 601 32,178 12,157 10,123 27,413 10,961 - 40,936 - - - - - 133,767 181,979 74% 601 - 1,106 - 16,384 18,516 13,325 - - - - - - 49,330 - NA Wayne Street Garage 601 35,818 27,958 13,417 60,036 35,191 21,911 54,204 - - - - - 248,537 206,088 121% Sub Total 168,556 70,215 52,448 241,464 163,069 107,343 238,161 - - - - - 1,041,257 1,152,612 90% Century Center Century Center Operations 670 394,155 355,331 350,832 366,404 474,800 344,599 351,812 - - - - - 2,637,933 3,619,462 73% Century Center Capital 671 37,868 - - - - 12,759 - - - - - - 50,627 106,740 47% Century Center Energy Saving 672 - - - 194,163 - - - - - - - - 194,163 388,754 50% Sub Total 432,022 355,331 350,832 560,567 474,800 357,358 351,812 - - - - - 2,882,722 4,114,956 70% Total Venues, Parks & Arts 3,106,151 4,386,950 2,600,669 4,630,192 3,075,059 3,913,817 5,102,209 - - - - - 26,815,047 50,331,742 53% Public Safety Police Department Police Seizures 216 - - - - - - - - - - - - - 22,000 0% Curfew Violations 218 - - - - - - - - - - - - - - NA Law Enforcement Education 220 59,327 173,505 81,878 27,796 121,717 39,262 16,135 - - - - - 519,620 1,205,168 43% Public Safety Local Income Tax - Police 249 715,424 476,949 476,949 476,949 476,949 476,949 476,949 - - - - - 3,577,119 6,200,339 58% Police Take Home Vehicle 278 - - - - - - - - - - - - - 50,000 0% Police Block Grant 280 - - - - - - - - - - - - - - NA Police Grants 292 - - - - - - - - - - - - - - NA Police Academy 294 - - - - - - - - - - - - - - NA COPS MORE Grants 295 - - - - - - - - - - - - - - NA Drug Enforcement 299 - - - - 7,395 - 14,920 - - - - - 22,315 50,000 45% K-9 Unit 705 - - - - - - - - - - - - - - NA Sub Total 774,750 650,454 558,827 504,745 606,062 516,212 508,004 - - - - - 4,119,054 7,527,507 55% Fire Department Public Safety Local Income Tax - Fire 249 885,957 590,638 590,638 590,638 590,638 590,638 590,638 - - - - - 4,429,785 7,678,294 58% Fire Department Capital 287 1,945,393 583,940 - 378,402 385,691 109,339 476,842 - - - - - 3,879,608 8,580,975 45% Haz-Mat 289 - - - - - - - - - - - - - 10,000 0% Indiana River Rescue 291 548 207 95 5,024 18,229 5,772 9,551 - - - - - 39,426 94,700 42% Sub Total 2,831,898 1,174,786 590,733 974,064 994,558 705,748 1,077,031 - - - - - 8,348,818 16,363,969 51% Total Public Safety 3,606,648 1,825,240 1,149,560 1,478,809 1,600,620 1,221,960 1,585,036 - - - - - 12,467,872 23,891,475 52% Public Works Streets Motor Vehicle Highway 202 1,774,221 1,649,474 1,227,715 1,033,959 840,607 1,109,392 1,229,947 - - - - - 8,865,315 20,697,656 43% Local Road & Street 251 2,815 18,987 3,145 10,111 - - 313,809 - - - - - 348,867 4,304,636 8% LOIT 2016 Special Distribution 257 33,831 704 - - - - - - - - - - 34,535 53,339 65% Local Road & Bridge Grant 265 17,569 73,164 1,918 - - 166,520 384,279 - - - - - 643,449 3,993,345 16% MVH Restricted Fund 266 100,372 38,716 71,194 133,689 83,011 722,085 438,773 - - - - - 1,587,840 3,670,924 43% Major Moves 412 12,339 150 27,635 31,987 34,603 48,585 210 - - - - - 155,509 762,824 20% Project ReLeaf 655 39,454 28,795 28,313 28,405 28,251 28,419 28,203 - - - - - 209,841 469,686 45% Sub Total 1,980,602 1,809,989 1,359,921 1,238,151 986,471 2,075,001 2,395,221 - - - - - 11,845,356 33,952,411 35% Solid Waste Solid Waste Operations 610 702,500 489,773 683,282 752,018 532,446 525,470 541,125 - - - - - 4,226,613 8,662,231 49% Solid Waste Capital 611 630,273 330,371 - - - 15,846 265,159 - - - - - 1,241,649 3,310,370 38% Sub Total 1,332,773 820,144 683,282 752,018 532,446 541,316 806,284 - - - - - 5,468,262 11,972,601 46% Water Works Water Works Operations 620 1,674,375 1,240,108 1,429,193 1,449,415 1,375,267 1,302,540 3,050,184 - - - - - 11,521,083 25,351,815 45% Water Works Capital 622 136,276 26,276 77,782 137,488 46,412 120,790 1,575,427 - - - - - 2,120,451 20,772,049 10% Water Works Sinking (Debt Service) 625 348,749 2,677 2,677 - 2,677 - 167,924 - - - - - 524,704 3,646,688 14% Sub Total 2,159,400 1,269,062 1,509,652 1,586,903 1,424,356 1,423,330 4,793,535 - - - - - 14,166,237 49,770,552 28% City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Wastewater/Sewer/Organic Resources Sewer Repair Insurance 640 86,296 54,016 98,704 131,716 69,514 144,465 100,146 - - - - - 684,857 1,413,156 48% Sewer Division 641 699,305 664,911 530,743 565,358 482,734 910,744 591,821 - - - - - 4,445,615 8,358,833 53% Concrete Crew 641 56,638 43,948 41,518 39,715 42,982 53,196 40,974 - - - - - 318,970 640,997 50% Wastewater Operations 641 1,764,032 1,676,943 1,651,389 1,389,073 1,428,560 1,302,636 5,590,520 - - - - - 14,803,154 44,713,091 33% Organic Resources 641 89,613 75,345 98,491 97,629 108,768 278,663 127,357 - - - - - 875,866 1,888,911 46% Sewage Works Capital 642 53,012 352,887 1,033,785 1,334,099 891,397 739,537 1,215,657 - - - - - 5,620,375 33,679,967 17% Sewage Works Sinking (Debt Service) 649 - - - - 180,680 434,915 - - - - - - 615,595 10,584,228 6% Sewage Debt Service Reserve 653 - - - - - - - - - - - - - - NA Sub Total 2,748,895 2,868,051 3,454,631 3,557,589 3,204,635 3,864,157 7,666,476 - - - - - 27,364,433 101,279,183 27% Storm Water Fees Storm Sewer Fund 667 20,884 2,287 11,796 26,974 43,785 302,905 1,390 - - - - - 410,019 2,313,295 18% Sub Total 20,884 2,287 11,796 26,974 43,785 302,905 1,390 - - - - - 410,019 2,313,295 18% Total Public Works 8,242,554 6,769,533 7,019,282 7,161,634 6,191,692 8,206,708 15,662,905 - - - - - 59,254,308 199,288,041 30% Department of Community Investment Studebaker/Oliver Revitalizing Grant 209 - 570 - - 994 11,977 19 - - - - - 13,559 84,626 16% Economic Development State Grants 210 - - - - - - - - - - - - - - NA DCI Operating 211 466,966 357,271 328,846 362,375 394,342 323,726 368,587 - - - - - 2,602,113 5,330,572 49% DCI Grants 212 201,133 138,995 452,979 166,822 177,392 224,209 587,426 - - - - - 1,948,957 10,771,637 18% Unsafe Building 219 - 3,311 3,259 5,203 2,000 1,718 987 - - - - - 16,478 25,000 66% Rental Units Regulation 221 6,526 4,580 4,580 4,580 7,487 4,586 4,392 - - - - - 36,730 144,866 25% Neighborhood Services & Enforcement 230 471,329 482,772 451,431 322,170 313,829 337,631 360,860 - - - - - 2,740,022 6,495,550 42% Animal Resource Center 230 129,241 87,551 85,858 101,285 88,711 86,867 99,489 - - - - - 679,002 1,484,103 46% UDAG 410 - - - - - - - - - - - - - - NA Building Dept Operations 600 178,187 140,377 143,215 135,815 128,346 131,187 190,080 - - - - - 1,047,207 2,065,233 51% Industrial Revolving Fund 754 16,928 5,223 8,705 7,972 6,124 5,453 6,505 - - - - - 56,910 548,655 10% Total Dept of Community Investment 1,470,310 1,220,651 1,478,873 1,106,221 1,119,225 1,127,354 1,618,344 - - - - - 9,140,977 26,950,242 34% Capital & Debt Service Funds 2017 Park Bond Debt Service 312 573,908 - - - - - 607,308 - - - - - 1,181,215 1,181,215 100% 2018 Fire Station #9 Debt Service 350 173,191 - - - - - 171,466 - - - - - 344,656 344,656 100% Local Income Tax - Certified Shares 404 608,021 6,651 - - - 95,623 336,166 - - - - - 1,046,462 45,564 2297% Cumulative Capital Development 406 41,667 41,667 41,667 41,667 41,667 41,667 41,667 - - - - - 291,667 891,096 33% Cumulative Capital Improvement 407 6,250 6,250 6,250 6,250 6,250 6,250 6,250 - - - - - 43,750 75,000 58% Local Income Tax - Economic Develop. 408 2,624,601 1,610,006 3,720,919 1,922,750 2,123,871 1,377,314 2,708,694 - - - - - 16,088,155 36,901,064 44% 2018 Fire Station #9 Bond Capital 451 - - - - - - - - - - - - - - NA 2022 Zoo Bond Capital 453 - - - - - - - - - - - - - - NA 2021 Infrastructure Bond Capital 455 - - - - - 103,981 295,519 - - - - - 399,500 446,483 89% 2017 Park Bond Capital 471 - - - - - - 14,004 - - - - - 14,004 458,822 3% Equipment / Vehicle Leasing 750 - - - - - - - - - - - - - - NA Redevelopment Authority Debt Service 752 2,007,000 2,154,478 - - 384,563 - 1,760,500 - - - - - 6,306,541 6,733,009 94% South Bend Building Corporation 755 - 859,909 - - - - - - - - - - 859,909 1,430,605 60% 2015 Smart Streets Bond Debt Service 756 - 854,734 - 1,650 - - - - - - - - 856,384 1,712,844 50% 2015 Park Bond Debt Service 757 - 191,491 - - - - - - - - - - 191,491 381,031 50% 2017 Eddy St. Commons Bond Capital 759 - - - - - - - - - - - - - - NA 2017 Eddy St. Commons Bond Debt 760 - 975,375 - - - - - - - - - - 975,375 1,955,125 50% Total Capital & Debt Service 6,034,637 6,700,561 3,768,836 1,972,316 2,556,351 1,624,834 5,941,573 - - - - - 28,599,108 52,556,514 54% Internal Service Funds Central Services Equipment Services 222 804,902 852,537 823,471 868,457 692,610 843,056 772,064 - - - - - 5,657,096 11,361,812 50% Radio Shop 222 16,952 12,926 34,301 19,483 20,423 19,185 19,197 - - - - - 142,468 344,536 41% Building Maintenance 222 31,672 24,031 4,612 27,497 20,172 21,188 21,298 - - - - - 150,471 360,221 42% Facilities Management 222 15,951 12,522 12,522 12,522 12,522 12,522 12,522 - - - - - 91,084 192,746 47% Central Services Capital 222 - - - 13,018 - - - - - - - - 13,018 358,150 4% Subtotal 869,477 902,016 874,906 940,977 745,728 895,952 825,082 - - - - - 6,054,138 12,617,465 48% City of South Bend Expenditures by Activity Year to Date Amended %Division Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Budget of Budget Period Ending: July 31, 2025 Liability Insurance Business Insurance 226 129,231 18,751 - 4,525 18,749 12,560 1,056,064 - - - - - 1,239,880 1,353,674 92% Liability Insurance 226 39,575 24,332 32,338 35,969 44,655 37,711 54,079 - - - - - 268,658 1,270,443 21% Workers Compensation 226 262,284 37,557 63,898 87,521 171,603 84,669 14,508 - - - - - 722,039 1,405,424 51% Catastrophic Events 226 - - - - - - - - - - - - - 92,733 0% Subtotal 431,090 80,640 96,235 128,014 235,007 134,940 1,124,651 - - - - - 2,230,577 4,122,275 54% IT / Innovation /311 Call Center 279 1,703,299 1,084,746 802,534 1,605,593 1,193,996 993,207 1,500,746 - - - - - 8,884,122 18,164,507 49% Self-Funded Employee Benefits 711 1,880,942 1,508,085 1,554,539 1,851,533 1,604,103 1,786,908 2,148,573 - - - - - 12,334,683 21,512,637 57% Unemployment Compensation 713 9,211 8,111 5,898 6,341 6,916 9,991 12,970 - - - - - 59,438 82,500 72% Parental Leave 714 - - - - - - - - - - - - - 150,000 0% Total Internal Service Funds 4,894,019 3,583,597 3,334,113 4,532,459 3,785,750 3,820,998 5,612,021 - - - - - 29,562,958 56,649,384 52% Other Miscellaneous Gift, Donation, Bequest 217 450,800 76,007 10,691 10,902 98,299 2,656 1,310 - - - - - 650,664 1,834,312 35% Loss Recovery 227 - - - - - - - - - - - - - 410,000 0% Human Rights Federal Grants 258 23,889 16,238 26,888 32,977 21,920 16,301 44,443 - - - - - 182,656 381,927 48% American Rescue Plan 263 9,000 5,220 2,742 1,500 - - - - - - - - 18,462 24,553 75% COVID-19 Response 264 - - - - 4,166 - - - - - - - 4,166 - NA Sub Total 483,689 97,465 40,321 45,379 124,385 18,957 45,753 - - - - - 855,949 2,650,792 32% Fiduciary Funds Fire Pension 701 323,740 366,638 345,715 324,575 345,466 329,974 331,834 - - - - - 2,367,941 4,526,297 52% Police Pension 702 526,749 516,105 513,342 510,578 522,423 505,852 522,667 - - - - - 3,617,716 6,011,449 60% Sub Total 850,489 882,743 859,057 835,153 867,888 835,826 854,501 - - - - - 5,985,657 10,537,746 57% Total Other 1,334,178 980,209 899,378 880,532 992,274 854,783 900,253 - - - - - 6,841,606 13,188,538 52% Total Civil City 41,049,911 34,026,479 28,878,272 30,109,256 27,865,732 29,248,074 46,172,189 - - - - - 237,349,914 559,585,580 42% Redevelopment Commission Controlled Funds Tax Increment Financing Funds TIF River West Development Area 324 2,533,358 3,670,810 354,978 832,159 1,280,285 1,623,394 3,252,424 - - - - - 13,547,407 45,420,608 30% TIF West Washington 422 - 150 150 17,186 - 55,010 2,740 - - - - - 75,237 1,740,000 4% TIF River East Development Area 429 1,186,157 204,700 914,383 176,296 403,185 82,896 945,210 - - - - - 3,912,827 15,792,214 25% TIF Southside Development #1 430 246,854 - 697,371 505,106 - - 363,467 - - - - - 1,812,798 5,972,741 30% TIF Douglas Road 435 - - - - - - 348,434 - - - - - 348,434 423,175 82% TIF River East Residential Area 436 2,228,268 112,669 52,266 685 - 4,624 979,750 - - - - - 3,378,262 5,082,296 66% Sub Total 6,194,638 3,988,329 2,019,148 1,531,432 1,683,470 1,765,924 5,892,024 - - - - - 23,074,965 74,431,035 31% Redevelopment Funds Redevelopment General 433 441,905 39,083 100,606 34,027 124,241 54,540 436,879 - - - - - 1,231,281 3,279,835 38% Certified Technology Park 439 - - - - - - - - - - - - - - NA 2018 TIF Park Bond Capital 452 - - 76,676 - - - - - - - - - 76,676 76,676 100% Airport Urban Enterprise Zone 454 - - - - - - - - - - - - - - NA 2024 South Bend Redevelopment Authority 457 - - - - - - - - - - - - - 14,754,750 0% 2024 RDA Bond Proceeds (Four Winds) 458 2,167,106 77,616 434,954 5,246,391 27,753 5,624,347 2,312,709 - - - - - 15,890,874 43,538,668 36% Airport Urban Enterprise Zone 456 580,687 22,895 115,929 4,990 577,875 469,834 6,192 - - - - - 1,778,401 15,296,320 12% Sub Total 3,189,697 139,594 728,165 5,285,407 729,869 6,148,721 2,755,780 - - - - - 18,977,233 76,946,249 25% Debt Service Funds 2019 South Shore Double Tracking Res. 315 - - - - - - - - - - - - - - NA Airport 2003 Debt Reserve 328 - - - - - - - - - - - - - - NA SBCDA 2003 Debt Reserve 352 - 517,500 - - - - - - - - - - 517,500 1,030,125 50% 2020 TIF Library Bond Debt Reserve 353 - - - - - - - - - - - - - - NA Sub Total - 517,500 - - - - - - - - - - 517,500 1,030,125 50% Total Redevelopment Funds 9,384,335 4,645,423 2,747,313 6,816,839 2,413,339 7,914,646 8,647,804 - - - - - 42,569,698 152,407,408 28% Total Expenditures 50,434,246 38,671,902 31,625,585 36,926,096 30,279,071 37,162,719 54,819,993 - - - - - 279,919,612 711,992,988 39% Civil City Debt Capital Leases 203 2020 VLocker Equipment Lease Purchase 2020 N/A 2025 201 Annual 86,961 22,866 - 22,866 677 23,543 - 209 2020 Vehicle/Equip Lease #1 2020 N/A 2025 Various Biannual 6,156,108 1,257,355 - 1,257,355 10,477 1,267,832 - 214 2021 Network Solutions Cisco Infrastructure Lease 2021 N/A 2025 279 Annual 900,000 176,243 - 176,243 3,942 180,186 - 216 2021 Dell Computer Equipment Lease 7 2021 N/A 2025 279 Annual 529,046 109,729 - 109,729 4,228 113,957 - 218 2021 Vehicle/Equip Lease #1 2021 N/A 2026 Various Biannual 3,691,270 1,495,724 - 744,251 12,682 756,933 751,473 220 2022 IT Networking Equipment Lease 2022 N/A 2026 279 Annual 166,343 65,826 - 32,279 2,584 34,863 33,546 224 2022 Dell Computer Equipment Lease 9 2022 N/A 2025 279 Annual 202,985 52,780 - 52,780 4,874 57,654 - 225 2022 Vehicle/Equip Lease 2022 N/A 2027 Various Biannual 8,042,233 4,100,299 - 1,611,451 86,908 1,698,359 2,488,848 226 2022 Dell Computer Equipment Lease 10 2022 N/A 2025 279 Annual 40,567 10,486 - 10,486 800 11,286 - 228 2023 Dell Computer Equipment Lease 11 2023 N/A 2026 279 Annual 414,528 206,677 - 99,447 16,175 115,622 107,230 229 2023 Dell Computer Equipment Lease 12 2023 N/A 2027 279 Annual 14,136 8,475 - 2,727 301 3,028 5,748 230 2023 Vehicle/Equip Lease 2023 N/A 2028 Various Biannual 6,949,500 4,925,318 - 1,340,188 178,549 1,518,737 3,585,130 234 2024 Vehicle/Equip Lease 2024 N/A 2029 Various Biannual 10,159,750 9,067,156 - 1,872,635 357,058 2,229,693 7,194,521 242 2025 Vehicle/Equip Lease 2025 N/A 2030 Various Biannual 7,424,128 - 7,424,128 734,676 75,818 810,494 6,689,452 Total Civil City Capital Lease Debt 44,777,554 21,498,934 - 8,067,114 755,074 8,822,188 20,855,948 City of South Bend Fiscal Year 2025 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2025 Total Debt Payments Debt at 12/31/25Pmts Amount Issued Debt at 1/1/25 2025 Additions 2025 Principal 2025 Interest City of South Bend Fiscal Year 2025 Outstanding Debt Debt Sched.Debt Instrument Year of Issue Year of Refinance Year of Maturity Fund No. 2025 Total Debt Payments Debt at 12/31/25Pmts Amount Issued Debt at 1/1/25 2025 Additions 2025 Principal 2025 Interest Bonds 69 2009 Water Works Revenue Bonds, Series B 2009 2019 2030 625 Biannual 2,814,257 2,025,000 - 360,000 117,746 477,746 1,665,000 80 2020 Sewage Works Revenue Bonds Refunding 2010 2010 2020 2030 649 Biannual 4,830,000 3,025,000 - 455,000 121,000 576,000 2,570,000 99 2012 Water Works Revenue Bonds 2012 N/A 2033 625 Biannual 8,300,000 3,860,000 - 430,000 133,624 563,624 3,430,000 101 2012 Sewage Works Revenue Bonds 2012 N/A 2032 649 Biannual 25,000,000 11,725,000 - 1,300,000 300,860 1,600,860 10,425,000 116 2013 Bldg Corp Mortgage Bonds (Fire St #5 & Training Tower) 2013 N/A 2033 755 Biannual 5,580,000 3,170,000 - 290,000 116,543 406,543 2,880,000 133 2014 St. Joseph County PSAP Revenue Bonds 2014 N/A 2034 408 Monthly 2,657,697 1,294,738 - 111,766 42,370 154,135 1,182,973 141 2015 Redev Authority Lease Rental Revenue Bonds (Parks) 2015 N/A 2035 757 Biannual 5,605,000 3,600,000 - 260,000 121,031 381,031 3,340,000 156 2016 Waterworks Refunding Bonds 2016 N/A 2027 625 Biannual 3,300,000 630,000 - 310,000 18,900 328,900 320,000 163 2017 Taxable Econ. Develop. Revenue Bonds (Eddy St Phase II) 2017 N/A 2037 760 Biannual 25,000,000 21,693,625 - 810,000 1,090,125 1,900,125 20,883,625 165 2017 Park District Bonds, Series 2017A-K 2017 N/A 2033 312 Biannual 14,075,000 8,760,000 - 920,000 261,215 1,181,215 7,840,000 168 2018 General Obligation Bonds (Fire St #9 & Training Classroom) 2018 N/A 2038 287 Biannual 5,045,000 3,755,000 - 230,000 114,656 344,656 3,525,000 175 2018 Econ. Develop. Revenue Bonds (Potawatomi Zoo) 2018 N/A 2034 408 Biannual 3,440,000 2,410,000 - 200,000 118,000 318,000 2,210,000 215 2021 Bldg Corp LIT Lease Rental Revenue Bonds (Infrastructure) 2021 N/A 2036 755 Biannual 7,610,000 6,320,000 - 425,000 218,900 643,900 5,895,000 219 2021 Sewage Works Refunding Revenue Bonds (Ref 2009 & 2011) 2021 N/A 2031 649 Biannual 12,450,000 8,795,000 - 1,230,000 313,350 1,543,350 7,565,000 221 2022 Morris Performing Arts Center Revenue Bonds 2022 N/A 2046 752 Biannual 6,395,000 5,910,000 - 200,000 177,350 377,350 5,710,000 222 2022 Economic Develop Revenue Bonds (Zoo Project) 2022 N/A 2042 755 Biannual 5,715,000 5,155,000 - 235,000 143,163 378,163 4,920,000 227 2023 RDA Lease Rental Revenue Bonds Series A (River West & River East)2023 N/A 2041 752 Biannual 29,155,000 29,155,000 - 530,000 1,457,751 1,987,751 28,625,000 235 2023 Sewage Works Revenue Bonds 2023 N/A 2044 649 Biannual 32,150,000 32,150,000 - 725,000 877,695 1,602,695 31,425,000 238 2024 Water Works Revenue Bonds (SRF) 2024 N/A 2045 625 Biannual 10,713,000 10,713,000 - - 70,904 70,904 10,713,000 Total Civil City Bond Debt 237,274,953 170,136,363 - 11,916,766 5,992,881 17,909,646 158,219,598 Interfund Loan - 84 2013 Major Moves-Triangle Development Interfund Loan 2011 2013 2029 436 Biannual 1,558,050 515,948 - 11,126 9,766 20,892 504,822 Total Civil City Interfund Loan Debt 1,558,050 515,948 - 11,126 9,766 20,892 504,822 Loan Payable - 68 2009 Water Works Improvements - State Revolving Fund 2009 N/A 2030 625 Biannual 427,400 144,144 - 27,262 4,858 32,120 116,882 139 2015 Century Center Energy QECB Conservation Bond 2015 N/A 2031 672 Biannual 4,167,897 2,472,536 - 315,561 73,193 388,754 2,156,975 Total Civil City Loan Payable Debt 4,595,297 2,616,680 - 342,823 78,050 420,873 2,273,857 Total Civil City Debt 288,205,855 194,767,925 - 20,337,829 6,835,771 27,173,599 181,854,224 Redevelopment Commission Debt Capital Leases 13 2006 Main/Colfax Garage - Transpo Lease (Parking Garage Purch) 2006 N/A 2025 324 Biannual 2,510,278 192,742 - 192,742 7,258 200,000 - Total Redevelopment Capital Lease Debt 2,510,278 192,742 - 192,742 7,258 200,000 - Revenue Bonds - 54 2015 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2015 2027 436 Biannual 36,000,000 18,015,000 - 1,840,000 629,606 2,469,606 16,175,000 62 2013 Redev Authority Lease Rental Revenue Refunding Bonds 2008 2013 2026 324 Biannual 4,655,000 535,000 - 375,000 12,563 387,563 160,000 135 2015 Redev Authority Lease Rental Revenue Bonds (Smart Streets) 2015 N/A 2037 324 Biannual 25,000,000 17,330,000 - 1,160,000 550,844 1,710,844 16,170,000 169 2018 Redev District Revenue Bonds (Parks Improvements) 2018 N/A 2033 324 Biannual 11,995,000 7,385,000 - 775,000 215,775 990,775 6,610,000 200 2019 South Shore Double Tracking Bonds 2019 N/A 2030 324 Biannual 7,985,000 4,900,000 - 795,000 235,125 1,030,125 4,105,000 210 2020 TIF Library Bonds 2020 N/A 2037 324 Biannual 4,225,000 3,475,000 - 240,000 85,615 325,615 3,235,000 239 2024A RDA Lease Rental Revenue Bonds (Four Winds Field) 2024 N/A 2044 458 Biannual 44,860,000 44,860,000 - 730,000 2,336,682 3,066,682 44,130,000 240 2024B RDA Taxable Lease Rental Revenue Bonds (Madison Lifestyle District)2024 N/A 2041 457 Biannual 24,480,000 24,480,000 - 160,000 1,345,740 1,505,740 24,320,000 245 2025 Redev District Taxable Revenue Bonds (Drewery's Residential Infrastructure Loan)2025 N/A 2041 324 Biannual 2,570,000 - 2,570,000 - - - 2,570,000 Total Redevelopment Revenue Bond Debt 159,200,000 120,980,000 - 6,075,000 5,411,950 11,486,950 114,905,000 Total Redevelopment Commission Debt 161,710,278 121,172,742 - 6,267,742 5,419,208 11,686,950 114,905,000 Total Debt 449,916,133 315,940,667 - 26,605,571 12,254,978 38,860,549 296,759,224 City of South Bend Staffing Headcount Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 8 8 8 8 8 8 8 8 Community Initiatives - - - - - - - - Community Police Review Board 1 1 1 1 1 1 1 1 City Clerk 4 1 1 2 4 4 4 4 Common Council 11 - - - 9 9 9 9 Controller's Office 24 21 21 21 23 23 21 23 Human Resources 7 6 6 6 6 6 6 6 Diversity & Inclusion 3 2 2 2 2 2 2 2 Human Rights 6 4 4 4 6 6 6 6 Legal Department 13 11 13 13 11 11 12 12 Engineering 29 23 23 25 25 25 25 25 Police Department 299 286 285 287 294 294 285 290 Police Crime Lab 7 6 6 6 7 7 8 7 Fire Department 256 242 242 243 247 247 249 246 EMS 4 4 4 4 3 3 3 3 672 615 616 622 646 646 639 642 - - - - - 201 - Parks & Recreation Community Inititatives 8 8 8 8 7 7 7 7 Administration 4 4 4 4 4 4 4 4 Maintenance 44 39 40 40 41 41 40 41 Golf Courses 9 8 8 8 9 9 9 9 Recreational Experiences 7 8 8 8 8 8 8 8 Community Programming 16 13 13 14 14 14 14 14 Development & Promotions 10 10 10 10 9 9 9 9 Visitor Experience 13 12 12 14 16 16 15 16 111 102 103 106 108 108 106 108 - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 57 55 56 56 55 55 55 55 Curb & Sidewalk 8 7 7 8 8 8 7 9 65 62 63 64 63 63 62 64 - - - - - 211 - Dept of Community Investment Operating Community Investment 26 23 23 24 26 26 26 27 Historic Preservation 2 2 2 2 2 2 2 2 Office of Sustainability 2 2 2 2 2 2 2 2 30 27 27 28 30 30 30 31 - - - - - July 31, 2025 City of South Bend Staffing Headcount July 31, 2025 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 221 - Rental Units Regulation Rental Unit Inspection - 1 1 1 1 1 1 1 222 - Central Services Equipment Services 30 29 29 29 28 28 27 28 Radio Shop 3 2 2 2 2 2 2 2 Building Maintenance 3 3 3 3 3 3 3 2 Facilities Management 2 1 1 1 1 1 1 1 38 35 35 35 34 34 33 33 - - - - - 230 - Code Enforcement Fund Neighborhood Services 37 27 28 29 32 32 31 32 Animal Resource Center 10 8 8 8 8 8 9 8 47 35 36 37 40 40 40 40 - - - - - 258 - Human Rights Federal Grants EEOC 1 1 1 1 1 1 1 1 HUD 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center 15 15 15 15 16 16 16 16 Innovation & Technology 32 29 29 31 30 30 30 30 47 44 44 46 46 46 46 46 - - - - - 600 - Consolidated Building Fund Building Department 17 15 15 15 15 15 17 15 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 8 8 8 8 8 8 8 8 610 - Solid Waste Solid Waste 25 23 24 24 24 24 25 24 620 - Water Works Water Works 65 60 60 60 57 57 54 57 640 - Sewer Insurance Sewer Repair 2 2 2 2 2 2 2 2 City of South Bend Staffing Headcount July 31, 2025 Full-Time Staffing Summary by Fund Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 641 - Sewage Works Sewers 35 31 31 31 31 31 33 30 Concrete Crew 4 4 4 4 3 3 3 3 Wastewater 45 43 42 44 44 44 44 44 Organic Resources 7 4 4 4 5 5 5 5 91 82 81 83 83 83 85 82 - - - - - 670 - Century Center Century Center 7 5 5 5 5 5 5 5 Total Full-Time Employees by Fund 1,227 1,118 1,122 1,138 1,164 1,164 1,155 1,160 - - - - - Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec General Government Mayor's Office 8 8 8 8 8 8 8 8 - - - - - City Clerk 4 1 1 2 4 4 4 4 - - - - - Community Police Review Board 1 1 1 1 1 1 1 1 - - - - - Common Council 11 - - - 9 9 9 9 - - - - - Controller's Office 24 21 21 21 23 23 21 23 - - - - - Human Resources 7 6 6 6 6 6 6 6 - - - - - Diversity & Inclusion 3 2 2 2 2 2 2 2 - - - - - Human Rights 8 6 6 6 8 8 8 8 - - - - - Legal Department 13 11 13 13 11 11 12 12 - - - - - Central Services 38 35 35 35 34 34 33 33 - - - - - 117 91 93 94 106 106 104 106 - - - - - Public Works Engineering 29 23 23 25 25 25 25 25 - - - - - Streets & Sewers 106 99 100 101 99 99 100 99 - - - - - Solid Waste 25 23 24 24 24 24 25 24 - - - - - Wastewater 45 43 42 44 44 44 44 44 - - - - - Organic Resources 7 4 4 4 5 5 5 5 - - - - - Water Works 65 60 60 60 57 57 54 57 - - - - - 277 252 253 258 254 254 253 254 - - - - - City of South Bend Staffing Headcount July 31, 2025 Full-Time Staffing Summary by Activity Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Public Safety Police 257 244 292 293 301 301 293 297 - - - - - Fire/EMS 253 204 246 247 250 250 252 249 - - - - - 510 448 538 540 551 551 545 546 - - - - - Venues, Parks & Arts Parks & Recreation 111 102 103 106 108 108 106 108 - - - - - Morris Performing Arts Center 8 8 8 8 8 8 8 8 - - - - - Century Center 7 5 5 5 5 5 5 5 - - - - - Visitor Experience 13 12 12 14 - 16 15 16 - - - - - 139 127 128 119 121 121 119 121 - - - - - Department of Community Investment Community Investment 28 25 25 26 28 28 28 29 - - - - - Office of Sustainability 2 2 2 2 2 2 2 2 - - - - - Neighborhood Services 37 28 29 30 - 33 32 33 - - - - - Animal Resource Center 10 8 8 8 8 8 9 8 - - - - - Building Department 17 15 15 15 15 15 17 15 - - - - - 94 78 79 81 53 86 88 87 - - - - - Department of Innovation & Technology 47 44 44 46 46 46 46 46 - - - - - Total Full-Time Employees by Activity 1,184 1,040 1,135 1,138 1,131 1,164 1,155 1,160 - - - - - City of South Bend Staffing Headcount July 31, 2025 Part-Time Staffing Summary by Fund Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Commmunity Initiatives - - - - - - - City Clerk - - - 1 - 1 1 Common Council - - - - - - - Controller's Office - - - - - - - Human Resources - - - - - - - Diversity & Inclusion - - - - - - - Human Rights - - - - - - - Mayor's Office - - - - - - - Legal Department - - - - - - - Engineering 2 2 2 2 2 2 2 Police Department 23 23 23 29 29 33 32 Police Crime Lab - - - - - - - Fire Department 1 1 1 1 1 1 1 26 26 26 33 32 37 36 - - - - - 201 - Parks & Recreation Administration - 1 1 - - - - Commmunity Initiatives 12 13 12 25 25 24 25 Maintenance 19 19 22 26 26 26 25 Golf Courses 6 23 45 74 74 70 74 Recreational Experiences 8 7 8 16 16 16 16 Community Programming 13 12 12 16 16 16 16 Development & Promotions - - - - - - - Visitor Experience 5 5 13 17 17 18 17 63 80 113 174 174 170 173 - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 5 5 5 5 5 5 5 Curb & Sidewalk 1 1 1 - - - - 6 6 6 5 5 5 5 - - - - - 211 - Department of Community Investment Community Investment - - - - - - - Historic Preservation - - - - - - - - - - - - - - - - - - - 222 - Central Services Equipment Services - 1 1 - - 1 - Radio Shop - - - - - - - Building Maintenance 1 1 1 1 1 1 1 1 2 2 1 1 2 1 - - - - - City of South Bend Staffing Headcount July 31, 2025 230 - Code Enforcement Fund Neighborhood Services - - - 3 3 - 3 Animal Resource Center 3 3 3 1 1 1 1 3 3 3 4 4 1 4 - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center - - - 1 1 1 1 Innovation & Technology 1 1 1 - - - - 1 1 1 1 1 1 1 - - - - - 600 - Consolidated Building Fund Building Department - - - - - - - 602 - Morris Performing Arts Center Operations Morris Performing Arts Center 13 21 21 23 23 23 23 610 - Solid Waste Solid Waste - - - - - - - 620 - Water Works Water Works - - - - - - - 641 - Sewage Works Sewers 3 3 3 4 4 4 4 Concrete Crew - - - - - - - Wastewater 1 1 1 - - - - Organic Resources - - - 1 1 1 1 4 4 4 5 5 5 5 - - - - - 670 - Century Center Century Center 2 2 2 2 2 2 2 Total Part-Time Employees by Fund 119 145 178 248 247 246 250 - - - - - Paid Temporary, Seasonal, and Intern Staffing Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 101 - General Fund Mayor's Office 1 4 3 3 12 12 12 City Clerk - 2 2 2 2 2 2 Common Council - - - - - - - Controller's Office - - - - - - - Human Resources - - - - - - - Diversity & Inclusion - - - 1 1 1 1 Legal Department 1 - - 2 3 3 3 Engineering - - - 6 6 6 6 Police Department 10 1 2 1 40 40 31 Police Crime Lab - 1 1 1 1 1 1 Fire Department 13 - - - 1 1 1 EMS - - - - - - - 25 8 8 16 66 66 57 - - - - - City of South Bend Staffing Headcount July 31, 2025 201 - Parks & Recreation Administration - - - - - - - Community Initiatives - - - - - 11 11 Maintenance 2 3 8 - 9 9 10 Golf Courses - 2 1 - 3 3 3 Recreational Experiences 5 33 34 - 84 82 84 Community Programming 1 1 1 25 29 29 29 Development & Promotions - - - - - - - Visitor Experience - - 1 - 6 6 6 8 39 45 25 125 134 137 - - - - - 202 - Motor Vehicle Highway Streets/Traffic & Lighting 1 - - - 6 6 8 Curb & Sidewalk - - - - 2 2 2 1 - - - 8 8 10 - - - - - 211 - Department of Community Investment DCI 4 - - 1 1 1 1 222 - Central Services Equipment Services 1 - - - - - - Building Maintenance - - - - - - - Radio Shop - - - - - - - 1 - - - - - - - - - - - 230 - Code Enforcement Fund Neighborhood Services 2 - - - - - - Animal Resource Center - - - - - - - 2 - - - - - - - - - - - 279 - IT / Innovation / 311 Call Center 311 Call Center - - - 2 2 2 2 Innovation & Technology - 1 3 7 7 7 7 - 1 3 9 9 9 9 - - - - - 610 - Solid Waste Solid Waste 2 - - - - - - 620 - Water Works Water Works 2 - - - 4 4 4 640 - Sewer Insurance Sewer Repair - - - - - - - City of South Bend Staffing Headcount July 31, 2025 641 - Sewage Works Sewers 1 1 1 - 7 8 7 Concrete Crew 1 - - - - - - Wastewater 1 - - - 1 1 1 Organic Resources 2 - - - - - - 5 1 1 - 8 9 8 - - - - - Total Paid Temporary, Seasonal, and Intern Staff 50 49 57 51 221 231 226 - - - - - Staffing Summary Budget Full- Time Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Full Time Staff 1,227 1,118 1,122 1,138 1,164 1,164 1,155 1,160 - - - - - Part Time Staff 119 145 178 248 247 246 250 - - - - - Temporary / Seasonal 50 49 57 51 221 231 226 - - - - - City Total 1,227 1,287 1,316 1,373 1,463 1,632 1,632 1,636 - - - - - City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 45,635,698 48,636,181 48,636,181 53,563,962 53,563,962 30,187,115 30,187,115 23,376,847 56% Local Income Taxes - 14,189,571 14,189,571 13,285,318 13,285,318 7,985,739 7,985,739 5,299,579 60% Intergov./ Shared Revenues 2,186,019 4,032,969 4,032,969 5,215,827 5,215,827 1,961,774 1,961,774 3,254,053 38% Intergov./ Grants - - - - - - - - - Licenses & Permits 319,288 219,971 219,971 273,512 273,512 202,627 202,627 70,886 74% Charges for Services 4,838,529 5,630,413 5,630,413 4,580,267 4,580,267 3,868,232 3,868,232 712,035 84% Fines, Forfeitures, and Fees 4,911 9,045 9,045 5,000 5,000 1,190 1,190 3,810 24% Interest Earnings 576,610 2,940,561 2,940,561 1,070,485 1,070,485 2,129,252 2,129,252 (1,058,767) 199% Donations 1,358,100 1,726,912 1,726,912 - - 385,000 385,000 (385,000) - Other Income 1,352,986 1,400,222 1,400,222 1,231,000 1,231,000 560,433 560,433 670,567 46% Interfund Allocation Reimb 10,544,420 10,597,451 10,597,451 11,676,027 11,676,027 6,811,016 6,811,016 4,865,011 58% Interfund Transfers In - 13,865,143 13,865,143 575,000 575,000 335,417 335,417 239,583 58% PILOT 6,079,325 6,095,594 6,095,594 5,765,661 5,765,661 5,765,661 5,765,661 - 100% Debt Proceedings - 1,827,500 1,827,500 2,176,000 2,176,000 2,516,000 2,516,000 (340,000) 116% Total Revenue 72,895,886 111,171,535 111,171,535 99,418,059 99,418,059 62,709,454 - 62,709,454 36,708,604 63% Expenditures by Subdivisions Mayor 993,329 970,586 1,052,036 1,253,668 1,253,668 651,598 - 651,598 602,070 52% Community Initiatives 1,310,361 - - - - - - - - - Community Police Review Office - 58,461 100,999 131,095 131,095 62,715 1,626 64,341 66,755 49% City Clerk 588,712 550,428 539,960 629,328 649,328 309,917 2,922 312,839 336,489 48% Common Council 552,768 650,968 600,357 1,103,064 1,103,064 418,271 22,544 440,815 662,248 40% Youth Council - - 7,464 12,000 12,000 5,993 - 5,993 6,007 50% General City 8,855,411 11,084,877 9,205,279 23,703,879 23,703,879 3,505,961 12,016,933 15,522,895 8,180,984 65% Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,937,885 2,165,869 74,369 2,240,238 1,697,648 57% Human Resources 623,506 774,441 857,259 1,007,893 1,007,893 467,809 4 467,813 540,080 46% Diversity & Inclusion 431,572 402,397 538,121 745,807 745,807 307,006 26,250 333,255 412,551 45% Human Rights General 392,895 325,254 552,311 785,066 810,744 349,526 30,799 380,325 430,420 47% Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,114,595 10,791 1,125,386 1,073,723 51% Police General 9,084,025 40,788,073 40,187,026 47,124,915 47,124,915 23,689,631 1,729,945 25,419,576 21,705,340 54% Crime Lab 206,430 837,475 899,435 1,049,529 1,049,529 534,376 632 535,007 514,522 51% Police Other - - - - - - - - - - Fire General 5,925,780 29,914,764 29,724,270 31,423,348 31,423,348 19,664,085 657,899 20,321,983 11,101,365 65% EMS 1,119,302 1,396,009 902,300 835,790 835,790 615,487 159,166 774,653 61,138 93% Fire Training Center 54,797 71,739 89,391 85,450 85,450 59,764 16,677 76,441 9,009 89% Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 3,500,000 - 3,500,000 600,000 85% Park Maintenance - 1,891,368 1,723,084 1,021,813 1,021,813 537,415 379,073 916,488 105,326 90% Repairs & Maint-Other R&M - 48,047 7,939 28 2,500,028 - - - 2,500,028 0% Morris PAC 643,333 184 - - - - - - - - Palais Royale 177,972 182,642 167,297 234,072 234,072 97,015 30,738 127,753 106,319 55% Engineering 2,951,893 3,409,584 3,859,565 5,236,328 5,267,228 2,287,016 260,044 2,547,060 2,720,169 48% Sustainability 67,037 - - 33,000 33,000 163 33,000 33,163 (163) 100% AmeriCorps - - - - - - - - - - Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 2,625,000 - 2,625,000 1,875,000 58% Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 933,333 - 933,333 666,667 58% Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 765,494 - 765,494 634,506 55% Total Expenditures 37,592,214 109,032,391 110,246,594 132,753,067 136,729,645 64,668,037 15,453,411 80,121,449 56,608,201 59% Expenditures by Type Personnel Salaries & Wages 7,304,533 44,671,983 41,804,149 45,389,114 45,407,265 27,194,578 - 27,194,578 18,212,687 60% Fringe Benefits 2,090,570 17,059,311 18,205,663 23,021,494 23,023,741 11,414,089 680 11,414,769 11,608,972 50% Other Personnel Costs - - - - - - - - - - Total Personnel 9,395,103 61,731,294 60,009,812 68,410,608 68,431,006 38,608,667 680 38,609,347 29,821,659 56% Supplies 2,675,311 2,708,357 3,224,349 3,901,424 3,911,424 2,071,648 413,844 2,485,492 1,425,931 64% Services & Charges Professional Services 1,907,475 2,667,148 2,371,140 3,170,353 3,202,712 1,499,099 910,622 2,409,721 792,990 75% Printing & Advertising 342,749 205,374 184,178 347,511 367,674 110,813 17,179 127,992 239,682 35% Utilities 591,906 1,895,474 1,978,372 646,509 2,046,363 1,250,074 - 1,250,074 796,289 61% Repairs & Maintenance 3,151,159 3,632,029 3,895,675 3,117,559 5,617,800 2,719,988 401,468 3,121,456 2,496,345 56% Education & Training 234,178 215,268 248,381 381,934 378,834 127,737 30,265 158,003 220,831 42% Travel 48,457 82,894 108,540 97,585 98,998 36,628 14,231 50,859 48,139 51% Grants & Subsidies 482,415 9,970 16,801 357,000 357,000 14,088 1,500 15,588 341,412 4% Other Services & Charges 7,148,007 11,397,381 8,372,717 14,441,662 14,436,912 3,116,928 4,852,969 7,969,897 6,467,015 55% Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 554,414 - 554,414 2,418,853 19% Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 75,787 - 75,787 202,240 27% Total Services & Charges 13,906,347 20,305,229 17,868,621 25,811,407 29,757,587 9,505,555 6,228,235 15,733,790 14,023,796 53% Operating Expenditures 25,976,761 84,744,880 81,102,782 98,123,438 102,100,016 50,185,870 6,642,759 56,828,629 45,271,386 56% Capital 181,068 3,571,224 5,157,047 12,712,371 12,712,371 556,975 8,810,653 9,367,627 3,344,744 74% Bad Debt 930 1,016 1,409 - - - - - - - Interfund Interfund Allocations 9,701,661 9,662,209 10,885,357 11,717,052 11,717,052 6,866,859 - 6,866,859 4,850,193 59% Interfund Transfers Out 1,731,794 11,053,062 13,100,000 10,200,206 10,200,206 7,058,333 - 7,058,333 3,141,872 69% Total Interfund 11,433,455 20,715,271 23,985,357 21,917,257 21,917,257 13,925,192 - 13,925,192 7,992,065 64% Total Expenditures 37,592,214 109,032,391 110,246,594 132,753,067 136,729,645 64,668,037 15,453,411 80,121,449 56,608,195 59% Net Surplus / (Deficit) 35,303,672 2,139,144 924,941 (33,335,008) (37,311,586) (1,958,583) (17,411,994) Beginning Cash Balance 54,208,073 53,544,921 54,208,073 54,208,073 Cash Adjustments (35,966,824) (1,475,992) 36,278,438 - Ending Cash Balance 53,544,921 54,208,073 91,411,452 16,896,487 90,204,996 Cash Reserves Target 18,796,107 54,516,195 55,123,297 68,364,823 Fund Purpose: The General Fund is the primary operating fund for City operations including general government, public safety, certain culture & recreation expenses, and certain debt service obligations. The main source of revenue is property taxes. Secondary sources of revenue include auto and commercial vehicle excise tax, business licensing revenue, EMS billing revenue, and payment in lieu of taxes (PILOT) from the Water and Wastewater Utility. Cash Reserves Target 50% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name General Fund Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Dept/Division Mayor 993,329 970,586 1,052,036 1,253,668 1,253,668 651,598 - 651,598 602,070 52% Community Initiatives 1,310,361 - - - - - - - - - Community Police Review Office - 58,461 100,999 131,095 131,095 62,715 1,626 64,341 66,755 49% City Clerk 588,712 550,428 539,960 629,328 649,328 309,917 2,922 312,839 336,489 48% Common Council 552,768 650,968 600,357 1,103,064 1,103,064 418,271 22,544 440,815 662,248 40% Youth Council - - 7,464 12,000 12,000 5,993 - 5,993 6,007 50% General City 8,855,411 2,272,466 (1,569,796) 22,945,641 10,520,343 1,984,543 7,844,038 9,828,580 691,763 93% American Rescue Plan - 8,812,411 10,775,075 758,238 13,183,536 1,521,419 4,172,896 5,694,315 7,489,221 43% Finance 2,138,651 2,594,482 2,936,333 4,019,093 3,937,885 2,165,869 74,369 2,240,238 1,697,648 57% Human Resources 623,506 774,441 857,259 1,007,893 1,007,893 467,809 4 467,813 540,080 46% Diversity & Inclusion 431,572 402,397 538,121 745,807 745,807 307,006 26,250 333,255 412,551 45% Human Rights General 392,895 325,254 552,311 785,066 810,744 349,526 30,799 380,325 430,420 47% Legal Dept 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,114,595 10,791 1,125,386 1,073,723 51% Police General 9,084,025 40,788,073 40,187,026 47,124,915 47,124,915 23,689,631 1,729,945 25,419,576 21,705,340 54% Crime Lab 206,430 837,475 899,435 1,049,529 1,049,529 534,376 632 535,007 514,522 51% - - - - - - - - - - Fire General 5,925,780 29,914,764 29,724,270 31,423,348 31,423,348 19,664,085 657,899 20,321,983 11,101,365 65% EMS 1,119,302 1,396,009 902,300 835,790 835,790 615,487 159,166 774,653 61,138 93% Fire Training Center 54,797 71,739 89,391 85,450 85,450 59,764 16,677 76,441 9,009 89% Park Administration - 5,372,562 6,000,000 4,100,000 4,100,000 3,500,000 - 3,500,000 600,000 85% Park Maintenance - 1,891,368 1,723,084 1,021,813 1,021,813 537,415 379,073 916,488 105,326 90% Repairs & Maint-Other R&M - 48,047 7,939 28 2,500,028 - - - 2,500,028 0% Morris PAC 643,333 184 - - - - - - - - Palais Royale 177,972 182,642 167,297 234,072 234,072 97,015 30,738 127,753 106,319 55% Engineering 2,951,893 3,409,584 3,859,565 5,236,328 5,267,228 2,287,016 260,044 2,547,060 2,720,169 48% Sustainability 67,037 - - 33,000 33,000 163 33,000 33,163 (163) 100% AmeriCorps - - - - - - - - - - Streets & Sewers - 3,437,500 5,500,000 4,500,000 4,500,000 2,625,000 - 2,625,000 1,875,000 58% Curb & Sidewalk - 1,375,000 1,600,000 1,600,000 1,600,000 933,333 - 933,333 666,667 58% Street Signals and Lighting - 1,314,108 1,392,066 - 1,400,000 765,494 - 765,494 634,506 55% - - - - - - - - - - Total Expenditures 37,592,214 109,032,391 110,246,594 132,753,067 136,729,645 64,668,037 15,453,411 80,121,449 56,608,201 59% NOTE: For more detail, see department and division summary pages that follow. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name Mayor's Office Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 605,133 565,832 616,448 702,854 702,854 385,550 - 385,550 317,304 55% Fringe Benefits 203,482 187,410 188,047 270,712 270,712 107,370 - 107,370 163,343 40% Total Personnel 808,615 753,241 804,496 973,566 973,566 492,920 - 492,920 480,647 51% Supplies 2,706 3,655 5,343 5,523 5,523 2,383 - 2,383 3,141 43% Services & Charges Professional Services - 6,946 2,738 7,000 5,900 709 - 709 5,191 12% Printing & Advertising 36,431 42,991 53,303 48,013 48,013 27,528 - 27,528 20,486 57% Repairs & Maintenance 33 - - 300 300 - - - 300 0% Education & Training - - - - - - - - - - Travel 474 1,706 44 5,000 5,000 1,513 - 1,513 3,487 30% Other Services & Charges 9,329 3,000 671 2,700 3,800 3,021 - 3,021 779 80% Total Services & Charges 46,268 54,642 56,756 63,013 63,013 32,771 - 32,771 30,243 52% Operating Expenditures 857,588 811,538 866,594 1,042,103 1,042,103 528,073 - 528,073 514,031 51% Interfund Allocations 135,741 159,047 185,442 211,564 211,564 123,525 - 123,525 88,040 58% Total Expenditures 993,329 970,586 1,052,036 1,253,668 1,253,668 651,598 - 651,598 602,071 52% Department Purpose: Explanation of Revenue Sources: Leading the community to become a model city through formulating policy, directing operations, and responding to customer concerns. The Mayor is the elected chief executive officer of the city. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. Personnel - The personnel budget for the Mayor's Office includes wages and benefits for the Mayor and seven (7) full-time staff members, along with a small budget for interns. | Supplies - The supplies budget includes office supplies and promotional supplies. | Services - Professional services include outside legal services. The Professional Services budget was much higher in 2020 due to a one-time services contract ($180k) with a law enforcement consulting firm. 21CP Solutions was brought in to evaluate the South Bend Police Department and provide suggestions for policy improvements. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Community Initiatives Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 289,438 - - - - - - - - - Fringe Benefits 123,535 - - - - - - - - - Total Personnel 412,973 - - - - - - - - - Supplies - - - - - - - - - - Services & Charges Professional Services 351,000 - - - - - - - - - Printing & Advertising 9,331 - - - - - - - - - Education & Training 38,737 - - - - - - - - - Travel 1,775 - - - - - - - - - Grant & Subsidies 461,250 - - - - - - - - - Other Services & Charges 143 - - - - - - - - - Total Services & Charges 862,236 - - - - - - - - - Operating Expenditures 1,275,209 - - - - - - - - - Interfund Allocations 35,152 - - - - - - - - - Total Expenditures 1,310,361 - - - - - - - - - Division Purpose: Explanation of Revenue Sources: Personnel - The personnel budget includes the wages and benefits for six (6) full-time employees. In 2020, two new positions were added: GVI (Group Violence Intervention) Program Manager and Director of Community Initiatives. In 2021, two full-time positions will be transferred from the Recreation Division of the Department of Venues, Parks & Arts (Parks & Recreation Fund #201) to this division and the positions will be retitled Violence Prevention Coordinator II. In 2022, two full-time positions are being added: one Administrative Assistant II and an additional Violence Prevention Coordinator. Also, GVI is being renamed Office of Violence Prevention (OVP). | Services - Professional Services include $250,000 for S.A.V.E. (Stand Against Violence Everyday) through Goodwill, and $23,000 for the National Network for Safe Communities at John Jay College of Criminal Justice provides strategic guidance, technical assistance, and other support for the City’s efforts to reduce gun violence. Grants & Subsidies includes $350,000 for community programs and partnerships to be determined. In 2022, $25,000 will be added to Printing & Advertising for promotional activities such as community outreach and grantee events, and $12,500 will be added for training Community Initiatives staff. This Community Initiatives Division was established within the Mayor's Office in 2020 to centralize the Administration's efforts to respond to the most pressing issues facing the community. This division will focus on administering grants for violence-reduction activities as well as other areas of public safety and wellness. This division is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Community Police Review Office Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - 42,244 72,604 74,803 74,803 41,920 - 41,920 32,883 56% Fringe Benefits - 16,101 28,180 31,517 31,517 18,927 - 18,927 12,591 60% Total Personnel - 58,345 100,785 106,320 106,320 60,846 - 60,846 45,474 57% Supplies - - - 4,000 4,000 45 - 45 3,955 1% Services & Charges Professional Services - - - 11,000 11,000 - - - 11,000 0% Travel - - - 4,000 4,000 400 1,626 2,026 1,974 51% Repairs & Maintenance - - - - - - - - - - Machinery & Equipment - 116 214 275 275 153 - 153 122 56% Total Services & Charges - 116 214 20,775 20,775 1,823 1,626 3,449 17,326 17% Operating Expenditures - 58,461 131,095 131,095 62,715 1,626 64,341 66,755 49% Capital - - Interfund Allocations - - Total Expenditures - 58,461 100,999 131,095 131,095 62,715 1,626 64,341 66,755 49% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Community Police Review Board was established in 2020 (ordinance 10721-20) to provide additional perspectives to alleged police misconduct. The Community Police Review Board is composed of nine (9) members appointed by the Common Council. No sworn law enforcement officer is eligible to serve as a member of the Review Board. The purposes of the Community Police Review Board are to encourage aggrieved persons to take part in the process, to provide an additional just and efficient means to safely, fairly, impartially and timely conduct investigations of alleged police misconduct, to reach an independent determination of whether the allegations are well founded applying a preponderance of the evidence standard; to identify and address patterns of alleged police misconduct; and, based on information obtained through such investigations, to make police recommendations to improve the South Bend Police Department and reduce incidents of alleged police misconduct. This division is funded by property tax revenue collected in the General Fund. This divisions budget supports the salary and benefits for the Director of the Community Police Review Office. The duties of the Director shall include: managing the Review Office, including its staff; enhancing communications and good will between the police and residents; maintaining records, confidential or otherwise, of all complaints, proceedings thereon, and dispostions thereof. The Director shall make quarterly reports to the Common Council and Mayor concerning matters of conduct and recurring issues that are processed by the Review Office. The Director shall also provide periodic reports and an annual report. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name City Clerk Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 283,741 274,552 266,352 284,128 284,128 146,281 - 146,281 137,847 51% Fringe Benefits 89,875 78,663 80,928 123,760 123,760 35,951 680 36,631 87,129 30% Total Personnel 373,617 353,215 347,280 407,888 407,888 182,231 680 182,911 224,976 45% Supplies 4,316 9,689 9,263 13,708 23,708 9,981 1,065 11,046 12,661 47% Services & Charges Professional Services 18,448 3,763 33,432 30,000 30,000 3,872 - 3,872 26,128 13% Printing & Advertising 20,366 39,458 25,157 33,293 43,293 34,798 1,177 35,975 7,317 83% Repairs & Maintenance 8,778 1,746 6,203 5,000 5,000 3,778 - 3,778 1,223 76% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges 8,211 16,405 16,201 22,500 22,500 7,223 - 7,223 15,277 32% Bad Debt Expense 100 (100) - - - - - - - - Total Services & Charges 55,903 61,271 80,993 90,793 100,793 49,671 1,177 50,848 49,945 50% Operating Expenditures 433,836 424,175 437,536 512,388 532,388 241,883 2,922 244,805 287,582 46% Interfund Allocations 154,876 126,253 102,425 116,940 116,940 68,034 - 68,034 48,906 58% Total Expenditures 588,712 550,428 539,960 629,328 649,328 309,917 2,922 312,839 336,488 48% Revenue Other Income 451 65 65 - - 22 22 (22) - Interfund Transfers In - - - - - - - - - Charges for Svcs-Alley Vaca Charges - - - - - - - - - Total Revenue 451 65 65 - - 22 - 22 (22) - Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: We ensure the integrity and accuracy of City records, and liaise between the Common Council, City Administration and South Bend residents fostering relationships and common ground. We accomplish our mission by: - Serving as a responsible steward of information and historical artifacts - Empowering the community to engage - Supporting open and transparent government - Striving for the highest degree of excellence in customer service Personnel - The personnel budget for the Clerk's Office includes wages and benefits for the City Clerk and four (4) full-time staff members, along with a small budget for interns. | Supplies - The supplies budget includes office supplies and law books. | Services - Professional services include outside legal services. Printing and advertising includes $20,000 for required legal notices in the newspaper to advertise public meetings and $6,500 to renew brochures, letterhead, resident information. The Clerk's Office is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name Common Council Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 203,103 205,665 211,052 393,126 393,126 117,217 - 117,217 275,909 30% Fringe Benefits 106,163 115,052 93,881 258,399 258,399 49,085 - 49,085 209,314 19% Total Personnel 309,265 320,717 304,934 651,525 651,525 166,301 - 166,301 485,223 26% Supplies 2,496 1,893 5,773 5,000 5,000 1,924 - 1,924 3,076 38% Services & Charges Professional Services 166,913 230,653 188,504 307,195 307,195 183,309 22,544 205,853 101,342 67% Printing & Advertising 9,466 15,405 18,362 26,500 26,500 13,403 - 13,403 13,097 51% Repairs & Maintenance 7,340 7,240 6,471 5,000 5,000 4,803 - 4,803 197 96% Education & Training 1,557 2,961 1,878 7,500 7,500 1,725 - 1,725 5,775 23% Travel - - - - - - - - - - Other Services & Charges 12,201 20,900 10,953 27,800 27,800 4,694 - 4,694 23,106 17% Total Services & Charges 197,477 277,159 226,167 373,995 373,995 207,934 22,544 230,478 143,517 62% Operating Expenditures 509,239 599,769 536,874 1,030,520 1,030,520 376,159 22,544 398,703 631,816 39% Interfund Allocations 43,529 51,198 63,484 72,544 72,544 42,112 - 42,112 30,432 58% Total Expenditures 552,768 650,968 600,357 1,103,064 1,103,064 418,271 22,544 440,815 662,248 40% Revenue Other Income - 749 749 - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue - 749 749 - - - - - - Purpose: Explanation of Revenue Sources: The Common Council is the fiscal body of the City, which exists to make certain that our City Government is always responsive to the needs of our residents and that the betterment of South Bend is always our highest priority. Personnel - The Common Council's budget includes the wages and benefits for the nine (9) Council Members along with some costs associated with public meetings. In 2022, the annual council member's salary will be $20,762. There is also a budget of $44,000 for interns. In 2022, $30,000 will be added to the personnel budget for a part-time Legislative Assistant. | Supplies - There is a small budget for office supplies. | Services - Professional services include $200k for legal services for the Council. The Common Council is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Controller's Office Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,238,276 1,449,697 1,547,252 1,925,630 1,871,876 1,061,143 - 1,061,143 810,733 57% Fringe Benefits 430,563 499,994 560,891 786,389 758,935 323,769 - 323,769 435,166 43% Total Personnel 1,668,839 1,949,691 2,108,143 2,712,019 2,630,811 1,384,912 - 1,384,912 1,245,899 53% Supplies 8,278 11,893 10,524 17,315 17,315 6,130 - 6,130 11,185 35% Services & Charges Professional Services 257,437 345,764 452,505 878,213 878,213 541,922 70,485 612,407 265,806 70% Printing & Advertising 2,184 2,860 714 3,000 2,496 291 751 1,042 1,454 42% Repairs & Maintenance 202 7,857 4,538 2,500 2,500 2,624 - 2,624 (124) 105% Education & Training 1,504 3,583 14,984 15,000 15,000 2,600 2,500 5,100 9,900 34% Travel 1,784 1,019 7,646 9,000 9,000 2,338 37 2,376 6,624 26% Other Services & Charges 18,030 15,313 11,599 13,940 14,444 9,822 595 10,417 4,027 72% Total Services & Charges 281,141 376,395 491,986 921,653 921,653 559,598 74,369 633,966 287,687 69% Operating Expenditures 1,958,259 2,337,978 2,610,652 3,650,987 3,569,779 1,950,639 74,369 2,025,008 1,544,771 57% Bad Debt - - - - - - - - - - Interfund Allocations 180,392 256,504 325,681 368,106 368,106 215,230 - 215,230 152,877 58% Total Expenditures 2,138,651 2,594,482 2,936,333 4,019,093 3,937,885 2,165,869 74,369 2,240,238 1,697,648 57% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Department of Administration & Finance provides financial management and administrative services to City operations including finance and accounting services and risk management. This budget accounts for the expenditures of the Controller's Office. Personnel - Includes the wages and benefits for twenty-one (21) full-time employees which include accounts payable, payroll, purchasing, and accounting staff. | Supplies - Includes office supplies. | Services - Professional services budgeted include bond continuing disclosure, arbitrage compliance, actuarial evaluation for GASB 74 (done every other year), and the annual financial audit. Education and training budgeted includes funding for travel to conferences and membership dues for professional organizations. Printing and advertising is for the cost of printing the budget book, annual comprehensive financial report (ACFR), and legal notices in the newspaper. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Human Resources Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 348,620 456,149 501,578 542,094 542,094 268,920 - 268,920 273,174 50% Fringe Benefits 120,229 166,913 187,389 223,763 223,763 85,148 - 85,148 138,615 38% Total Personnel 468,849 623,062 688,967 765,857 765,857 354,068 - 354,068 411,789 46% Supplies 7,263 8,124 9,045 24,490 24,490 13,418 4 13,422 11,068 55% Services & Charges Professional Services 315 2,115 3,884 1,000 3,500 3,770 - 3,770 (270) 108% Printing & Advertising 1,668 3,487 2,057 6,500 6,500 637 - 637 5,863 10% Repairs & Maintenance 450 1,120 140 - - - - - - - Education & Training 14,363 10,198 8,129 35,000 35,000 1,995 - 1,995 33,005 6% Travel 2,507 4,109 1,524 6,000 6,000 851 - 851 5,149 14% Other Services & Charges 3,681 4,206 5,138 10,000 7,500 1,128 - 1,128 6,372 15% Total Services & Charges 22,984 25,234 20,872 58,500 58,500 8,381 - 8,381 50,119 14% Operating Expenditures 499,096 656,421 718,884 848,847 848,847 375,867 4 375,871 472,976 44% Interfund Allocations 124,410 118,020 138,375 159,046 159,046 91,941 - 91,941 67,104 58% Total Expenditures 623,506 774,441 857,259 1,007,893 1,007,893 467,809 4 467,813 540,080 46% Division Purpose: Explanation of Revenue Sources: Human Resources oversees the interviewing and hiring of City employees, manages employee benefits and training, and ensures the City adheres to employment laws, making the City a great place to work. Human Resources continues to develop/implement innovative programs to build a positive workplace culture. Personnel - The personnel budget includes the wages and benefits for eight (8) full-time employees. | Supplies - The supplies budget includes general office supplies and employee ID badges. | Services - Printing services include the printing of employee handbooks. Other charges & services includes dues & memberships with professional associations, background checks, and City sponsored events/job fairs. This division is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Diversity & Inclusion Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 150,127 165,019 211,582 271,608 271,608 121,547 - 121,547 150,061 45% Fringe Benefits 36,526 47,264 72,325 100,834 100,834 32,859 - 32,859 67,974 33% Total Personnel 186,653 212,283 283,906 372,442 372,442 154,406 - 154,406 218,035 41% Supplies 389 1,854 2,890 2,500 2,500 233 - 233 2,267 9% Services & Charges Professional Services 156,689 50,000 100,417 110,200 110,200 59,769 2,175 61,944 48,256 56% Printing & Advertising 1,960 14,834 14,009 18,500 18,500 3,071 2,925 5,996 12,504 32% Repairs & Maintenance - - 1,084 - - - - - - - Education & Training 595 14,297 8,439 100,000 96,900 9,442 13,954 23,396 73,504 24% Travel 1,862 8,129 16,978 10,000 12,100 6,809 6,945 13,754 (1,654) 114% Other Services & Charges 1,155 50 1,384 8,000 9,000 930 250 1,180 7,820 13% Machinery & Equipment - - - - - - - - - - Total Services & Charges 162,261 87,309 142,312 246,700 246,700 80,021 26,250 106,271 140,430 43% Operating Expenditures 349,303 301,446 429,108 621,642 621,642 234,661 26,250 260,910 360,732 42% Interfund Allocations 82,269 100,951 109,013 124,165 124,165 72,345 - 72,345 51,820 58% Total Expenditures 431,572 402,397 538,121 745,807 745,807 307,006 26,250 333,255 412,552 45% Revenue Charges for Services - - - - - - - - - Other Income - - - - - - - - - Donations - - - - - - - - - Total Revenue - - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Office of Diversity, Equity, Inclusion provides educational opportunities for internal and external stakeholders, direction for equitable policy, process and procedure development for City services, funding disbursement, and underrepresented population entrepreneurship that empowers every employee and resident to thrive. This office is primarily funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. 2020: Living Cities Inclusive Procurement grant $50,000 2021: Workshop and training fees ($3,000 full day training workshops), non-compliance fees (variable scale), white papers ($50-$175) Personnel - The personnel budget includes the wages and benefits for three (3) full-time employees, along with a budget for interns. | Supplies - There is a small budget for office supplies. | Services - The travel budget is for staff to attend various conferences. Possible conferences include: American Contract Compliance Association (ACCA), Just Economy, Government Alliance on Race and Equity (GARE), Mid-States Minority Supplier Development Council (MSDC), Living Cities. Other services & charges covers memberships to the following organizations: ACCA, GARE, Women's Business Enterprise National Council (WBENC), MidStates MSCS. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Human Rights Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 196,677 141,006 253,672 404,762 422,913 180,474 - 180,474 242,439 43% Fringe Benefits 68,742 46,554 94,573 180,601 182,848 53,634 - 53,634 129,214 29% Total Personnel 265,418 187,560 348,245 585,363 605,761 234,108 - 234,108 371,653 39% Supplies 1,980 2,497 4,506 5,500 5,500 3,629 275 3,904 1,596 71% Services & Charges Professional Services - 1,079 10,521 13,969 14,028 12,109 300 12,409 1,619 88% Printing & Advertising 23,554 2,740 25,679 8,000 18,667 5,099 2,660 7,759 10,908 42% Repairs & Maintenance 7,982 6,972 14,514 10,000 10,241 4,284 3,530 7,814 2,428 76% Education & Training 1,681 3,496 5,956 8,000 8,000 3,475 462 3,937 4,063 49% Travel - 12,885 2,874 7,000 6,313 324 - 324 5,989 5% Other Services & Charges 44,960 51,739 82,681 84,113 79,113 49,856 23,572 73,428 5,684 93% Total Services & Charges 78,178 78,910 142,225 131,082 136,362 75,147 30,524 105,670 30,691 77% Operating Expenditures 345,576 268,968 494,976 721,945 747,623 312,884 30,799 343,683 403,940 46% Interfund Allocations 47,319 56,286 57,335 63,121 63,121 36,642 - 36,642 26,479 58% Total Expenditures 392,895 325,254 552,311 785,066 810,744 349,526 30,799 380,325 430,419 47% Revenue Other Income 30,659 30,000 30,000 30,000 30,000 36,347 36,347 (6,347) 121% Total Revenue 30,659 30,000 30,000 30,000 30,000 36,347 36,347 (6,347) 121% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The purpose of the South Bend Human Rights Commission (HRC) is to study and act upon problems which involve relationships between members of different ethnic groups, sexes, sexual orientation or gender identity, nationalities, the disabled, and families with children. The HRC's duties lie in enforcing employment, fair housing, public accommodations, and education. Their goal is to ensure equal employment opportunity for all individuals, and to provide legal recourse in the areas of discrimination. The HRC provides the keys to unlock the doors of discrimination. This division is funded by property tax revenue collected in the General Fund. This division also receives a small amount of revenue from an agreement with St. Joseph County: In 2017, the South Bend Human Rights Commission (HRC) entered into an interlocal agreement with St. Joseph County. The continued partnership with St. Joseph County, to investigate discrimination complaints, has resulted in an increase in caseload. The agreement calls for the County to reimburse HRC to support the costs associated with the increased caseload. Starting in 2019, as part of the interlocal agreement, St. Joseph County reimburses the City $30,000 a year to support the HRC. Note: Federal grants from the Department of Housing & Urban Development (HUD) and the Equal Employment Opportunity Commission (EEOC) are received in the Human Rights Federal Grants Fund (#258). Personnel - The personnel budget includes the wages and benefits for four (4) full-time employees, along with a budget for one part-time position. Human Rights also has two (2) grant-funded positions budgeted in the Human Rights Federal Grants Fund (#258) that are not represented in this budget. | Supplies - There is a small budget for office supplies. | Services - Includes office space rental and maintenance, education & training for staff members, and printing and mailing expenses. In 2022, the Director of Human Rights position was added back. The Director of Human Rights serves on the senior leadership team of the Office of Diversity and Inclusion and provide strategic leadership for the administration, operation, and functions of the HRC in accordance with the City of South Bend Human Rights Ordinance and St. Joseph County Human Rights Ordinance. The director manages staff in the identification, investigation, mediation, and adjudication of human rights discrimination claims in housing, employment, public accommodations, and education. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name Legal Department Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 952,878 1,042,113 1,113,399 1,258,928 1,312,682 686,596 - 686,596 626,086 52% Fringe Benefits 307,331 338,313 332,493 459,975 487,429 207,307 - 207,307 280,121 43% Total Personnel 1,260,209 1,380,426 1,445,892 1,718,903 1,800,111 893,903 - 893,903 906,207 50% Supplies 4,919 3,312 5,472 9,000 9,000 956 184 1,139 7,861 13% Services & Charges Professional Services 3,780 884 27,368 10,000 10,000 - - - 10,000 0% Other Professional Services - 30 - - - - - - - - Printing & Advertising 170 - 150 1,140 1,140 270 - 270 870 24% Repairs & Maintenance - - - 200 200 - - - 200 0% Education & Training 9,450 17,518 5,308 15,000 15,000 7,501 - 7,501 7,499 50% Travel 2,583 3,057 3,891 10,500 10,500 2,805 2,147 4,952 5,548 47% Other Services & Charges 21,798 38,271 41,904 40,614 40,614 26,828 8,461 35,289 5,325 87% Total Services & Charges 37,781 59,761 78,621 77,454 77,454 37,404 10,608 48,012 29,442 62% Operating Expenditures 1,302,909 1,443,500 1,529,985 1,805,357 1,886,565 932,263 10,791 943,054 943,510 50% Bad Debt - - - - - - - - - - Interfund Allocations 171,530 137,943 274,116 312,544 312,544 182,332 - 182,332 130,212 58% Total Expenditures 1,474,439 1,581,443 1,804,101 2,117,901 2,199,109 1,114,595 10,791 1,125,386 1,073,722 51% Revenue Charges for Services 93,627 96,436 96,436 101,316 101,316 51,155 51,155 50,162 50% Other Income 794 153 153 - - - - - - Interfund Allocation Reimb - - - - - - - - - Total Revenue 94,421 96,589 96,589 101,316 101,316 51,155 51,155 50,162 50% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Legal Department provides quality legal representation to the City of South Bend’s Mayor, departments, commissions and agencies with a dedicated and professionally-skilled staff, efficiently and cost effectively, in furtherance of the City’s strategic goals, and preserving the legal and ethical integrity of the City. This department is funded by the Admin Cost Allocation - an interfund allocation where the budgeted costs of the administrative departments in the General Fund (#101) are charged to other City funds. The purpose of the allocation is to recover management oversight costs supported by General Fund expenditures. This department also collects revenue for legal services provided to the South Bend Redevelopment Commission. The Interfund Allocation Reimbursement was a transfer from the Liability Insurance Fund (#226) to reimburse the Legal Dept for 50% of personnel costs for Assistant City Attorney. In 2021, the allocation was discontinued as the position was already covered by the administrative cost allocation. Personnel - The personnel budget includes the wages and benefits for twelve (12) full-time employees, one part-time employee, and $25k for interns. From 2020 to 2021, the personnel budget increased as one (1) full-time Paralegal position was transferred from the Liability Insurance Fund (#226) to the Legal Department's budget in the General Fund (#101). This position is under the Legal Department but was historically budgeted in Fund #226 because the position focuses on liability and workers' comp related matters. | Supplies - The supplies budget includes general office supplies. | Services - Education & training includes funding for professional development and continuing education for the attorneys. Other charges & services includes dues & memberships with professional associations, postage, and subscriptions to legal research sources. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Engineering Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 1,734,557 1,910,499 2,101,148 2,547,167 2,547,167 1,284,862 - 1,284,862 1,262,305 50% Fringe Benefits 603,160 630,786 682,563 1,006,206 1,006,206 385,175 - 385,175 621,031 38% Total Personnel 2,337,717 2,541,285 2,783,711 3,553,373 3,553,373 1,670,037 - 1,670,037 1,883,336 47% Supplies 11,798 141,529 114,563 396,085 396,085 11,526 7,038 18,564 377,521 5% Services & Charges Professional Services 81,144 148,601 209,055 404,500 435,400 97,381 247,667 345,048 90,352 79% Printing & Advertising 6,215 5,697 7,214 9,132 9,132 5,551 1,306 6,857 2,276 75% Repairs & Maintenance 5,623 4,649 8,303 27,854 27,854 2,835 - 2,835 25,019 10% Education & Training 33,980 23,536 18,649 22,647 22,647 6,916 150 7,066 15,581 31% Travel 7,452 9,885 17,063 15,555 15,555 13,525 1,379 14,904 651 96% Other Services & Charges 8,069 61,175 67,437 109,544 109,544 70,477 2,503 72,980 36,564 67% Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Capital Outlay - 29,380 - 1,078 1,078 - - - 1,078 0% Total Services & Charges 142,483 282,923 327,721 590,310 621,210 196,684 253,006 449,690 171,521 72% Operating Expenditures 2,491,997 2,965,737 3,225,996 4,539,767 4,570,667 1,878,247 260,044 2,138,291 2,432,378 47% Bad Debt - - 25 - - - - - - - Interfund Allocations 459,896 443,847 633,544 696,561 696,561 408,769 - 408,769 287,792 59% Interfund Transfers Out - - - - - - - - - - Total Expenditures 2,951,893 3,409,584 3,859,565 5,236,328 5,267,228 2,287,016 260,044 2,547,060 2,720,170 48% Revenue Licenses & Permits 177,070 82,125 82,125 127,257 127,257 84,969 84,969 42,288 67% Charges for Services 196,000 198,000 198,000 205,999 205,999 103,600 103,600 102,399 50% Fines 24 - - - - - - - - Other Income 12,317 19,868 19,868 8,000 8,000 11,510 11,510 (3,510) 144% Interfund Allocation Reimb 1,514,420 1,567,451 1,567,451 2,090,027 2,090,027 1,219,183 1,219,183 870,844 58% Total Revenue 1,899,831 1,867,444 1,867,444 2,431,283 2,431,283 1,419,261 1,419,261 1,012,021 58% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Engineering manages the development and expansion of the City’s infrastructure. It oversees Public Works projects from setting the standards to issuing the permits, administering the contracts, and This division is funded by property tax revenue collected in the General Fund. It also receives revenue from permits issued and charges for engineering services. Engineering has an Engineering Service Agreement (ESA) agreement with the Department of Community Investment (DCI). Interfund Allocation Reimbursement is the Payroll Cost Allocation, which allocates a portion of wages and benefits for positions that serve other divisions within the Department of Public Works, especially Engineers. These positions are allocated out to the following Public Works divisions: Streets (Fund #202), Water Works (Fund #620), Sewer Insurance (Fund #640), Sewage Works Operations Fund (#641). Personnel - The personnel budget includes the wages and benefits for twenty-five (25) full-time employees, one (1) part-time position, and seasonal interns. Personnel changes in 2021 include the addition of one (1) full-time Engineer II and the elimination of the budget for part-time engineers, leaving budget for one part-time clerical position. | Supplies - The supplies budget includes office supplies and supplies for engineers to perform field work. | Services - Professional Services include consulting and design services for various Public Works projects. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Office of Sustainability Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Personnel - - - - - - - - - - Supplies - - - - - - - - - Services & Charges Professional Services - - - - 33,000 163 33,000 33,163 (163) 100% Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - 33,000 163 33,000 33,163 (163) 100% Operating Expenditures - - - - 33,000 163 33,000 33,163 (163) 100% Capital - - - - - - - - - - Interfund Allocations - - - - - - - - - - Total Expenditures - - - - 33,000 163 33,000 33,163 (163) 100% Revenue Other Income - - - - - - - - - Total Revenue - - - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Office of Sustainability designs and implements projects and programs that bring environmental, social, and economic value to city government and the public. This division was funded by property tax revenue collected in the General Fund. The Office of Sustainability was a division of the Department of Public Works prior to 2021. In 2021, Sustainability was moved under the Department of Community Investment (DCI) and will be accounted for in the DCI Fund (#211) beginning in 2022. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name AmeriCorps Grant Program Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Personnel - - - - - - - - - - Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Total Expenditures - - - - - - - - - - Revenue Intergov./ Grants - - - - - - - - - Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue - - - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: In 2018, the City of South Bend won a $150,000 grant to fund South Bend Home Corps, a new residential efficiency, health, and safety program staffed by ten AmeriCorps members. The AmeriCorps program was overseen by the Office of Sustainability. AmeriCorps is a network of national service programs, made up of three primary programs that each take a different approach to improving lives and fostering civic engagement. Members commit their time to address critical community needs like increasing academic achievement, mentoring youth, fighting poverty, and preparing for disasters. This program was funded by property tax revenue collected in the General Fund, the AmeriCorps grant, and transfers in from City departments that benefited from the AmeriCorps program. In 2021, the decision was made to discontinue participation in the AmeriCorps Grant Program as the program is duplicative of other initiatives throughout the City, specifically in the Department of Community Investment (DCI). In 2022, the work the AmeriCorps Program was engaged in will be continued within DCI, primarily within the Engagement & Economic Empowerment, Neighborhoods, and Sustainability teams accounted for in the DCI Fund (#211). City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name Police Department Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 504,324 20,025,388 18,675,261 20,126,077 20,126,077 11,667,422 - 11,667,422 8,458,656 58% Fringe Benefits - 7,944,292 8,542,024 10,546,280 10,546,280 5,277,813 - 5,277,813 5,268,467 50% Total Personnel 504,324 27,969,681 27,217,285 30,672,357 30,672,357 16,945,234 - 16,945,234 13,727,123 55% Supplies 1,390,275 1,358,732 1,370,778 1,780,565 1,780,565 901,853 142,590 1,044,443 736,122 59% Services & Charges Professional Services 360,416 1,177,704 793,181 835,627 835,627 502,822 234,552 737,374 98,253 88% Printing & Advertising 204,973 74,591 30,381 155,000 155,000 12,705 8,360 21,065 133,935 14% Utilities 197,178 215,910 215,834 210,000 210,000 126,790 - 126,790 83,210 60% Repairs & Maintenance 899,760 1,196,027 1,219,505 1,015,943 1,015,943 688,359 41,370 729,728 286,215 72% Education & Training - 2,076 - - - - - - - - Travel 573 7,697 - 250 250 - - - 250 0% Grants & Subsidies 21,165 9,970 16,801 357,000 357,000 14,088 1,500 15,588 341,412 4% Other Services & Charges 293,980 345,062 395,292 190,108 190,108 162,657 25,323 187,980 2,128 99% Debt Service Principal - 193,179 673,675 2,973,267 2,973,267 554,414 - 554,414 2,418,853 19% Debt Service Interest & Fees - 6,512 19,143 278,027 278,027 75,787 - 75,787 202,240 27% Total Services & Charges 1,978,044 3,228,726 3,363,811 6,015,222 6,015,222 2,137,621 311,104 2,448,725 3,566,496 41% Operating Expenditures 3,872,642 32,557,138 31,951,874 38,468,144 38,468,144 19,984,708 453,694 20,438,402 18,029,741 53% Capital 52,630 3,287,851 2,610,882 2,589,783 2,589,783 165,846 1,276,250 1,442,096 1,147,686 56% Bad Debt - - - - - - - - - - Interfund Allocations 5,158,753 4,943,084 5,624,271 6,066,989 6,066,989 3,539,077 - 3,539,077 2,527,912 58% Total Expenditures 9,084,025 40,788,073 40,187,026 47,124,915 47,124,915 23,689,631 1,729,945 25,419,576 21,705,339 54% Revenue Intergov./ Grants - - - - - - - - - Charges for Services - - - - - - - - - Other Income 386,767 505,716 505,716 469,000 469,000 94,701 94,701 374,299 20% Donations - - - - - - - - - Capital Lease Proceeds - 1,827,500 1,827,500 2,176,000 2,176,000 2,516,000 2,516,000 (340,000) 116% Total Revenue 386,767 2,333,216 2,333,216 2,645,000 2,645,000 2,610,701 - 2,610,701 34,299 99% Department Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: MISSION: The South Bend Police Department works to safeguard the lives and property of the people we serve, to reduce the incidence and fear of crime, and to resolve problems among residents. The Department, in partnership with our community, strives to protect the life, property, and the personal liberties of all individuals. We believe that the overall quality of life for all residents will improve through the deterrence of criminal activity and an understanding of the diversity of cultures within this community. We also work to build and sustain community-police relationships to advance a culture of trust and inclusion. VISION: To constantly strive for excellence in the quality of police service to help ensure a safe community for everyone. This department is funded by property tax revenue collected in the General Fund. The department also receives reimbursement for officers working at various events and other units. Other income includes $320,000 from the School Resource Officer (SRO) program, $60,000 from the ATF, $7,000 from the DEA, $7,500 for firearms training of the University of Notre Dame police officers, and $29,000 from the rental of property. In 2020, the Police Department received funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help offset public safety personnel overtime costs related to the COVID-19 pandemic. This revenue is represented as an interfund transfer in from the COVID-19 Response Fund (#264). Additionally, in 2021, grant revenue was received from the Department of Justice to help offset public safety personnel overtime costs related to the COVID-19 pandemic. Personnel - The personnel budget includes the wages and benefits for 36 full-time civilians and 232 sworn officers, along with a budget for part-time employees and seasonal school crossing guards. A portion of sworn police officer wages are supported by the Local Income Tax Public Safety Fund (#249). For 2022, budgeted support is a little over $6 million. The Department has not been at full staffing levels for sworn officers for some time due to a shortage of applicants, something many law enforcement agencies are experiencing. | Supplies - The majority of the supplies budget is for fuel for patrol cars, budgeted at $635k for 2022. Taser purchases are budgeted at $110k per year until 2023. Other supplies budgeted include uniforms, medical & safety supplies, small tools & equipment, building maintenance supplies, and general office supplies.| Services & Charges - Professional services includes funding to support the St. Joseph County Special Victims Unit, an interlocal partnership between the St. Joseph County Police Department, Mishawaka Police Department, South Bend Police Department, and St. Joseph County Prosecutor’s Office. Professional services also includes legal services. Utilities includes the water, electric, and natural gas for the police station. Repairs & maintenance includes $880k for police vehicles, radios, and other equipment, and $85k for building R&M. Other services & charges includes $210k for telecommunications and data expenses for cell phones, pagers, and body cameras. | Grants & Subsidies - funding for the Police Athletic League (PAL) Program. | Debt Service - Several police car leases funded by the General Fund will be fully paid off in 2021. In recent years, the purchase of new patrol cars through capital leases has been funded by the Local Income Tax Certified Shares Fund (#404). City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Police Crime Lab Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - 465,255 480,571 512,764 512,764 270,947 - 270,947 241,817 53% Fringe Benefits - 158,621 165,904 252,687 252,687 97,051 - 97,051 155,636 38% Total Personnel - 623,875 646,475 765,451 765,451 367,999 - 367,999 397,453 48% Supplies 14,951 18,860 14,842 18,233 18,233 10,339 632 10,971 7,262 60% Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Education & Training - - - - - - - - - - Travel - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 14,951 642,735 661,318 783,684 783,684 378,338 632 378,970 404,715 48% Interfund Allocations 191,479 194,740 238,117 265,845 265,845 156,038 - 156,038 109,807 59% Total Expenditures 206,430 837,475 899,435 1,049,529 1,049,529 534,376 632 535,007 514,522 51% Revenue Charges for Services 10,844 14,369 14,369 15,000 15,000 6,850 6,850 8,150 46% Total Revenue 10,844 14,369 14,369 15,000 15,000 6,850 6,850 8,150 46% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division was created to track expenditures related to South Bend Police Department Crime Lab. Crime Lab services offered include: serial number restoration, tool matching, fracture matching, tires and footwear, video analysis, trace evidence examination, distance proximity determination, expert testimony, facial recognition. This division is funded by property tax revenue collected in the General Fund. The Crime Lab offers services to other agencies for a charge. Revenue for services continues to grow but is budgeted Personnel - The personnel budget includes the wages and benefits for seven (7) full-time civilians. | Supplies - The supplies budget includes operating supplies for the Crime Lab such as gloves, special cartridges, ballistic powder, and other specialized supplies. | Interfund Allocations - Starting in 2021, the Crime Lab will be charged for the Information Technology (IT) Allocation and the Administrative Cost Allocation. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Department Name Fire Department Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 62,956 16,950,271 15,498,990 16,122,037 16,122,037 10,817,389 - 10,817,389 5,304,647 67% Fringe Benefits - 6,745,156 7,084,077 8,674,595 8,674,595 4,689,846 - 4,689,846 3,984,749 54% Total Personnel 62,956 23,695,427 22,583,068 24,796,632 24,796,632 15,507,236 - 15,507,236 9,289,396 63% Supplies 900,416 831,842 1,118,932 1,144,484 1,144,484 703,423 84,919 788,341 356,143 69% Services & Charges Professional Services 444,791 666,736 509,964 475,649 475,649 69,186 299,899 369,084 106,565 78% Printing & Advertising 4,120 3,129 2,779 35,433 35,433 5,657 - 5,657 29,776 16% Utilities 277,460 259,160 268,088 292,000 292,000 187,815 - 187,815 104,185 64% Repairs & Maintenance 1,140,770 1,216,441 1,807,473 1,197,418 1,197,418 1,153,050 237,911 1,390,961 (193,543) 116% Education & Training 132,088 133,566 181,788 171,787 171,787 94,034 13,199 107,233 64,554 62% Travel 28,512 34,408 58,519 30,280 30,280 8,063 2,096 10,159 20,121 34% Other Services & Charges 54,361 48,795 108,660 69,305 69,305 33,957 19,875 53,832 15,473 78% Total Services & Charges 2,082,102 2,362,234 2,937,271 2,271,872 2,271,872 1,551,760 572,980 2,124,740 147,131 94% Operating Expenditures 3,045,474 26,889,503 26,639,271 28,212,987 28,212,987 17,762,419 657,899 18,420,317 9,792,670 65% Interfund Allocations 2,880,306 3,025,261 3,084,999 3,210,361 3,210,361 1,901,666 - 1,901,666 1,308,694 59% Total Expenditures 5,925,780 29,914,764 29,724,270 31,423,348 31,423,348 19,664,085 657,899 20,321,983 11,101,364 65% Revenue Charges for Services 516 393 393 1,000 1,000 18 18 982 2% Intergov./ Grants - - - - - - - - - Licenses & Permits 29,308 24,914 24,914 26,000 26,000 9,883 9,883 16,117 38% Donations 100 5,000 5,000 - - - - - - Other Income 24,510 18,823 18,823 1,000 1,000 11,074 11,074 (10,074) 1107% Interfund Transfers In - - - - - - - - - Total Revenue 54,434 49,130 49,130 28,000 28,000 20,975 20,975 7,025 75% Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The South Bend Fire Department exists to provide our community with the highest quality emergency services protecting life and property through education, response, and dynamic outreach. The objective of the South Bend Fire Department is to provide rapid and efficient response to emergency medical incidents, fires, hazardous materials incidents, and complex rescue situations in order to safeguard the life and property of our citizens. This requires planning and development of response capabilities to ensure that future needs and the efficiency of operations are addressed. Public education and prevention services are provided to ensure citizen safety before an incident occurs. This is the safest and most cost-effective method for providing public safety. The South Bend Fire Department endeavors to give the best emergency medical care available backed by evidence-based medical practices which give citizens the best chance for positive outcomes and continued quality of life. Providing the members of the South Bend Fire Department with the latest and best available equipment and training to perform their duties gives them the tools to effect the best possible outcomes when emergencies occur. The South Bend Fire Department is dedicated to providing expert-level service with an all-hazards approach to public safety. This department is funded by property tax revenue collected in the General Fund. This department also collects fire building plan review fees. | In 2020, the Fire Department received funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help offset public safety personnel overtime costs related to the COVID-19 pandemic. This revenue is represented as an interfund transfer in from the COVID-19 Response Fund (#264). Personnel - The personnel budget includes the wages and benefits for seven (7) full-time civilians and 256 sworn firefighters, along with a small budget of $6k for interns. A portion of sworn firefighter wages are supported by the Local Income Tax Public Safety Fund (#249). For 2022, budgeted support is a little over $6 million. The South Bend Fire Department conducts recruit academies when its staffing becomes insufficient, generally after the 6th opening. The academy is approximately 21 weeks long - therefore, the department budgets 6 civilian recruit positions for 21 weeks. | Supplies - $390k is budgeted for operating supplies including personal protective equipment (PPE), training materials and equipment, and more. $181k is budgeted for fuel for vehicles. | Services & Charges - Professional services includes elevator and boiler inspections; various testing including physicals for firefighters, divers, and hazmat; and legal services. Utilities includes the water, electric, and natural gas for the eleven fire stations. Repairs & maintenance includes $770k for vehicles, $125k for radios, $22k for other equipment, and $115k for buildings. | Capital - Fire Department capital needs are budgeted in the Fire Department Capital Fund (#287). | Accounting Changes - In 2020, the Fire Department moved all firefighters assigned to Emergency Medical Services to the General Fund. This includes wages & benefits, supplies, and services previously accounted for in the EMS Operating Fund (#288). Keeping firefighter EMS personnel in a separate budget was impractical due to frequently changing assignments. EMS expenditures related to billing are accounted for in separate division in the General Fund. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Emergency Medical Services Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages 720,000 919,564 170,045 173,789 173,789 101,568 - 101,568 72,221 58% Fringe Benefits - 79,700 85,965 101,863 101,863 45,149 - 45,149 56,714 44% Total Personnel 720,000 999,264 256,010 275,652 275,652 146,717 - 146,717 128,935 53% Supplies 295,674 277,728 502,443 441,139 441,139 381,362 158,387 539,749 (98,610) 122% Services & Charges Professional Services 43,132 26,696 39,573 51,000 51,000 23,991 - 23,991 27,009 47% Printing & Advertising - - - - - - - - - - Repairs & Maintenance 2,464 7,638 15,791 5,000 5,000 12,868 779 13,647 (8,647) 273% Education & Training 199 4,037 2,960 4,000 4,000 - - - 4,000 0% Other Services & Charges 57,003 79,024 83,600 59,000 59,000 50,132 - 50,132 8,868 85% Total Services & Charges 102,798 117,394 141,924 119,000 119,000 86,991 779 87,770 31,230 74% Operating Expenditures 1,118,472 1,394,386 900,377 835,790 835,790 615,070 159,166 774,236 61,555 93% Bad Debt 830 1,116 1,384 - - - - - - - Interfund Allocations - 507 539 - - 417 - 417 (417) - Total Expenditures 1,119,302 1,396,009 902,300 835,790 835,790 615,487 159,166 774,653 61,138 93% Revenue Charges for Services 4,395,365 5,138,527 5,138,527 4,044,580 4,044,580 3,628,651 3,628,651 415,929 90% Fines, Forfeitures, and Fees 12 - - - - - - - - Intergov./ Grants - - - - - - - - - Other Income 1,418 7,112 7,112 - - 114,040 114,040 (114,040) - Interfund Transfers In - - - Total Revenue 4,396,795 5,145,639 5,145,639 4,044,580 4,044,580 3,742,691 3,742,691 301,889 93% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The Fire Department recovers significant portion of the cost of EMS services through insurance and patient payments. Personnel - The personnel budget includes the wages and benefits for four (4) full-time EMS billing personnel. | Supplies - $323k is budgeted for operating supplies for ambulances, $7.4k for small tools & equipment, and $2k for office supplies. | Services & Charges - Professional services includes collection costs and cleaning services. Utilities includes the water, electric, and natural gas for the eleven (11) fire stations. Repairs & maintenance includes funding for repairs & maintenance for ambulances and repairs to small equipment. Other charges & services includes credit card processing fees and postage. | Accounting Changes - Prior to 2020, the EMS operations were tracked in the EMS Operating Fund (#288). Revenue received from EMS services was not sufficient to cover expenses. Keeping EMS in its own fund would require interfund transfers. Starting in 2020, EMS activities were moved to the General Fund. Moving EMS revenue and expenditures into the General Fund simplified accounting. Ideally, the cost of firefighters assigned to EMS activities would be tracked here as well; but due to frequent changes in assignments, it has proven impractical. Instead, the Fire Department will estimate EMS personnel costs by number of positions assigned, rather than specific firefighters. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Fire Training Center Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Supplies 16,958 32,351 46,067 24,823 24,823 22,577 16,677 39,254 (14,431) 158% Services & Charges Professional Services 1,929 6,208 - 2,000 2,000 - - - 2,000 0% Utilities 31,665 33,180 33,419 35,500 35,500 23,311 - 23,311 12,189 66% Repairs & Maintenance 4,246 - 9,905 23,127 23,127 13,876 - 13,876 9,251 60% Total Services & Charges 37,840 39,388 43,325 60,627 60,627 37,187 - 37,187 23,440 61% Operating Expenditures 54,797 71,739 89,391 85,450 85,450 59,764 16,677 76,441 9,009 89% Total Expenditures 54,797 71,739 89,391 85,450 85,450 59,764 16,677 76,441 9,009 89% Revenue Charges for Services 5,935 52,439 52,439 50,000 50,000 2,500 2,500 47,500 5% Other Income 1,137 - - - - - - - - Total Revenue 7,072 52,439 52,439 50,000 50,000 2,500 - 2,500 47,500 5% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This division was established in 2020 to account for a portion of the costs of the Luther J Taylor Sr. Fire Training Center and associated revenue. Construction of the Training Center was completed in 2014. Prior to that, the South Bend Fire Department would have to find locations for training opportunities, such as using vacant or abandoned houses. The Training Center provided a much needed resource for the South Bend Fire Department as well as other agencies in the area. Firefighters can practice fighting fires in a controlled environment under different scenarios such as apartment buildings, businesses, commercial kitchens, and cars. The Training Center also hosts the recruit academy, as well as classes for the South Bend Fire Department and other agencies. This division is funded by property tax revenue collected in the General Fund and by charges to outside fire departments for their use of the Luther J Taylor Sr. Fire Training Center. Recruit Academy and other classes are offered to other agencies for a fee. Expenditures are directly related to running the Training Center and include utilities and maintenance of the facility. Supplies and services needed for classes and equipment for recruits is also accounted for in the Fire Training Center budget. From 2019 through 2021, capital improvements were made to the training center through the use of bond proceeds. Capital expenditures related to the fire training center upgrade can be seen in the Fire Station #9 Bond Capital Fund (#451). City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Morris Performing Arts Center Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Personnel - - - - - - - - - - Supplies 8,435 - - - - - - - - - Services & Charges Professional Services 4,444 - - - - - - - - - Printing & Advertising 22,310 184 - - - - - - - - Utilities - - - - - - - - - - Repairs & Maintenance 5,816 - - - - - - - - - Education & Training 25 - - - - - - - - - Travel 936 - - - - - - - - - Other Services & Charges 1,367 - - - - - - - - - Total Services & Charges 34,898 184 - - - - - - - - Operating Expenditures 43,333 184 - - - - - - - - Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out 600,000 - - - - - - - - - Interfund Total 600,000 - - - - - - - - - Total Expenditures 643,333 184 - - - - - - - - Revenue Charges for Services - - - - - - - - - Intergov./ Grants - - - - - - - - - Other Income 54,878 - - - - - - - - Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 54,878 - - - - - - - - Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division accounts for the operating costs of the Morris Performing Arts Center, the premier performing arts center in this region of the country. It provides improved quality of life to the City's residents, serves as an economic catalyst in the City, and fosters historic preservation of landmark City venues. The Morris Performing Arts Center (Morris PAC) is a division under the Department of Venues, Parks & Arts. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' revenues previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). In 2021, the Morris received the Shuttered Venue Operators Grant (SVOG) from the US Small Business Association to help offset the costs from the COVID-19 closure during 2020. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The Morris' expenditures previously accounted for in the General Fund #101) will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). $600,000 is budgeted to be transferred to the new fund to establish the fund's beginning cash balance. The interfund transfer represents the net profit generated by the Morris in recent years, which reverted to the General Fund (#101). City of South Bend, Indiana Monthly Financial Report July 31, 2025 Division Name Palais Royale Ballroom Fund Number 101 Fund Type General Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Personnel - - - - - - - - - - Supplies 4,457 4,399 3,869 6,060 6,060 1,807 2,073 3,880 2,180 64% Services & Charges Professional Services - - - - Printing & Advertising - - - - - - - - - - Utilities 85,604 73,117 68,965 109,009 108,863 55,238 - 55,238 53,625 51% Repairs & Maintenance 36,062 49,881 42,746 61,072 61,072 13,078 15,567 28,645 32,427 47% Other Professional Services - - - - - 97 - 97 (97) - Other Services & Charges 15,839 19,446 17,125 22,150 22,296 5,923 13,098 19,021 3,275 85% Total Services & Charges 137,506 142,444 128,836 192,231 192,231 74,337 28,665 103,001 89,230 54% Operating Expenditures 141,963 146,843 132,705 198,291 198,291 76,143 30,738 106,881 91,410 54% Interfund Interfund Allocations 36,009 35,799 34,593 35,781 35,781 20,872 - 20,872 14,909 58% Interfund Total 36,009 35,799 34,593 35,781 35,781 20,872 - 20,872 14,909 58% Total Expenditures 177,972 182,642 167,297 234,072 234,072 97,015 30,738 127,753 106,319 55% Revenue Charges for Services 133,138 128,149 128,149 159,972 159,972 74,058 74,058 85,914 46% Other Income 4,299 634 634 - - - - - - Total Revenue 137,437 128,783 128,783 159,972 159,972 74,058 74,058 85,914 46% Division Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This division accounts for the operating expenses of the Palais Royale, a premier banquet/meeting facility. It provides exquisite food and beverage catering service, for both social events and business events, and supports South Bend's downtown economy. The Palais Royale is distinguished by its history and ambiance. The Palais Royale is a division under the Department of Venues, Parks & Arts. This division is funded by property tax revenue collected in the General Fund. Charges for Services is for the rental of the retail space and reimbursement from the caterer for utilities and LaSalle Grill for refuse and recycle service. As a result of a new catering contract, in 2021, the Palais Royale personnel budget was eliminated. One position (Manager-Assistant Facility Operations) was transferred to the Morris Performing Arts Center budget and one position was eliminated (Administrative Assistant I). The remaining expenses budgeted are for utilities and minor repairs and maintenance of the facility. All utilities are paid for by the City and will be reimbursed by the caterer. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Motor Vehicle Highway Fund Number 202 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 3,134,543 3,274,223 3,274,223 3,167,476 3,167,476 1,748,477 1,748,477 1,418,999 55% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,025 2,025 (525) 135% Charges for Services 112,415 89,847 89,847 160,500 160,500 72,711 72,711 87,789 45% Interest Earnings 52,037 90,854 90,854 49,242 49,242 60,555 60,555 (11,313) 123% Debt Proceeds 817,500 2,235,000 2,235,000 3,101,869 3,101,869 2,735,000 2,735,000 366,869 88% Other Income 44,405 107,157 107,157 81,500 81,500 50,607 50,607 30,893 62% Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 106,815 106,815 60,503 64% Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 3,733,333 3,733,333 7,666,667 33% Total Revenue 9,901,038 11,049,955 11,049,955 18,129,405 18,129,405 8,509,522 8,509,522 9,619,882 47% Expenditures by Activity Streets / Traffic & Lighting 7,313,705 8,783,703 12,787,978 16,707,937 16,772,937 7,681,720 2,221,891 9,903,611 6,869,326 59% Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 3,924,719 1,183,595 1,498,893 2,682,488 1,242,231 68% Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 20,697,656 8,865,315 3,720,784 12,586,099 8,111,557 61% Expenditures by Type Personnel Salaries & Wages 2,924,195 3,186,475 3,425,081 4,513,428 4,513,215 2,259,353 - 2,259,353 2,253,862 50% Fringe Benefits 1,203,828 1,297,636 1,366,803 2,046,736 2,036,623 796,602 - 796,602 1,240,021 39% Total Personnel 4,128,023 4,484,111 4,791,884 6,560,163 6,549,838 3,055,955 - 3,055,955 3,493,883 47% Supplies 854,478 1,146,446 1,247,843 1,981,201 1,981,201 1,104,459 333,677 1,438,135 543,065 73% Services & Charges Professional Services 636,199 866,929 1,100,018 2,707,363 2,707,363 697,972 1,466,534 2,164,506 542,857 80% Printing & Advertising 2,422 1,810 1,074 2,950 2,950 2,110 - 2,110 840 72% Utilities 44,781 47,159 39,999 66,836 66,836 32,634 - 32,634 34,202 49% Repairs & Maintenance 701,876 346,497 1,314,234 1,091,272 1,091,272 763,465 4,072 767,537 323,735 70% Education & Training 8,291 11,555 10,089 30,000 30,000 1,590 - 1,590 28,410 5% Travel 5,135 803 11,328 25,000 25,000 - - - 25,000 0% Other Services & Charges 27,988 138,852 178,514 158,070 158,070 20,652 2,960 23,612 134,458 15% Debt Service Principal 891,039 1,113,112 1,469,371 1,909,313 1,909,313 1,218,049 - 1,218,049 691,264 64% Debt Service Interest & Fees 34,928 45,139 110,667 407,383 407,383 106,213 - 106,213 301,170 26% Total Services & Charges 2,352,660 2,571,857 4,235,294 6,398,186 6,398,186 2,842,684 1,473,566 4,316,251 2,081,936 67% Operating Expenditures 7,335,161 8,202,414 10,275,022 14,939,550 14,929,225 7,003,099 1,807,243 8,810,342 6,118,884 59% Capital 155,986 1,067,160 3,085,813 3,948,013 4,013,013 837,573 1,913,541 2,751,114 1,261,898 69% Bad Debt - - - - - - - - - - Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,755,418 1,024,643 - 1,024,643 730,775 58% Total Expenditures 8,820,729 10,677,672 14,964,891 20,632,656 20,697,656 8,865,315 3,720,784 12,586,099 8,111,557 61% Net Surplus / (Deficit) 1,080,308 372,283 (3,914,936) (2,503,251) (2,568,251) (355,793) (4,076,577) Beginning Cash Balance 4,772,416 6,607,820 4,772,416 4,772,416 Cash Adjustments 755,096 (2,207,688) (857,480) - Ending Cash Balance 6,607,820 4,772,416 - 2,204,164 4,146,260 Cash Reserves Target 2,205,182 2,669,418 3,741,223 5,174,414 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund accounts for a portion of the Streets & Sewers Division's, see operations listed below. Streets & Sewers is a division of the Department of Public Works. Streets - Repairs and maintains 2,200 lane miles of road surface in the city limits. Maintenance on streets ranges from paving and patching in the summer to plowing snow in the winter. In 2019, the crack-sealing program was revived in an effort to mitigate water infiltration through cracks in the street surface. Additionally, Streets maintains around 398 miles of alley surface. Also operating under Streets is Unit 211, a 24/7 response vehicle that works with the South Bend Police and Fire Departments for emergencies. | Traffic & Lighting - Maintains traffic signs, signals, and city-owned streetlights. Not only does this office provide traffic control in construction areas for Streets & Sewers, but Traffic & Lighting also works with the South Bend Police Dept to provide traffic control for special events in the city, setting up traffic control for events. Additionally, it is responsible for street painting, i.e., line striping, crosswalks, stop bars, etc. | Curb & Sidewalk - An annual program to replace sidewalks, curbs, and curb ramps in poor condition at residential properties throughout the City. City Council members select the locations to be reviewed by Engineering for bidding as a public works project. This fund receives 50% of the City's gas tax and wheel tax distribution from the State of Indiana. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Wheel 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. Tax revenues are not keeping pace with expenses. The City continues to use income tax revenue to support the current level of street maintenance and repair, transferring funds from Local Income Tax Certified Shares Fund (#404). Personnel - The personnel budget in this fund includes the wages and benefits of 59 full-time employees and part-time & seasonal workers as well. | Supplies - The supplies budget is for the procurement of street paving materials and other materials needed to repair and replace street and traffic lights and signs. It also includes operational supplies for the Streets and Traffic & Lighting operations such as fuel for vehicles, small tools & equipment, uniforms, and office supplies. Road salt is also budgeted in this fund at $350,000 for 2022. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, and buildings. The professional services budget includes funding for contracted paving of curbs & sidewalks. The utilities budget includes 50% of the costs of electric, natural gas, and water for the Public Works Service Center. The other 50% is paid for by the Sewers subdivision which is budgeted in the Sewage Works Operations Fund (#641). | Curb & Sidewalk Program - Seven (7) full-time personnel are budgeted along with a budget for part-time & seasonal workers. As the Common Council wanted to expand the program, three (3) Concrete Finishers were added to the 2019 budget. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name MVH Restricted Fund Number 266 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 3,134,543 3,274,223 3,274,223 3,167,476 3,167,476 1,748,477 1,748,477 1,418,999 55% Interest Earnings 23,921 39,874 39,874 10,650 10,650 40,824 40,824 (30,174) 383% Interfund Transfers In - - - - - - - - - Debt Proceeds 888,007 - - - - - - - - Total Revenue 4,046,471 3,314,097 3,314,097 3,178,126 3,178,126 1,789,301 1,789,301 1,388,825 56% Expenditures by Type Personnel Salaries & Wages 255,141 399,253 350,371 521,781 521,781 151,188 - 151,188 370,593 29% Fringe Benefits 124,031 183,370 156,235 157,870 157,870 79,856 - 79,856 78,014 51% Total Personnel 379,172 582,623 506,606 679,651 679,651 231,044 - 231,044 448,607 34% Supplies 2,107,582 1,386,353 1,374,806 2,120,878 2,120,878 815,642 1,258,576 2,074,218 46,660 98% Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance 1,376,423 1,592,715 886,957 682,865 682,865 353,625 250,000 603,625 79,241 88% Debt Service Principal 91,621 169,814 173,826 177,933 177,933 177,933 - 177,933 - 100% Debt Service Interest & Fees 2,144 17,716 13,703 9,596 9,596 9,596 - 9,596 - 100% Total Services & Charges 1,470,187 1,780,244 1,074,487 870,395 870,395 541,154 250,000 791,154 79,241 91% Capital 184,116 662,791 - - - - - - - - Total Expenditures 4,141,058 4,412,010 2,955,898 3,670,924 3,670,924 1,587,840 1,508,576 3,096,416 574,508 84% Net Surplus / (Deficit) (94,586) (1,097,914) 358,199 (492,798) (492,798) 201,461 (1,307,115) Beginning Cash Balance 2,042,332 1,126,297 2,042,332 2,042,332 Cash Adjustments (821,449) 2,013,949 (429,462) - Ending Cash Balance 1,126,297 2,042,332 1,971,069 1,549,534 1,477,471 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) The MVH Restricted Fund was established in 2019 due to a directive from the Indiana State Board of Accounts: Starting on January 1, 2019, the political subdivision must post at the time of receipt of the distribution from the State Motor Vehicle Highway Account fifty percent (50%) of the distribution to MVH Restricted. The political subdivision, by ordinance or resolution, may elect to allocate more than fifty percent (50%) of the distributions to MVH Restricted. During the same fiscal year, the political subdivision may transfer, by ordinance or resolution, the amount allocated in excess of the 50% requirement from MVH Restricted to MVH. In no event can any transfers from MVH Restricted to MVH reduce the fiscal year distributions from the State Motor Vehicle Highway Account below the 50% requirement for MVH Restricted. Any amounts allocated in excess of the required 50% of distributions which remain in MVH Restricted at the end of the fiscal year must remain in MVH Restricted until expended for construction, reconstruction, or preservation. This fund receives 50% of the City's gas tax and wheel tax distribution from the State of Indiana. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Wheel 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. This fund also receives revenue from interest earned on the fund's cash balance. Qualified Expenditures: Effective July 1, 2018, Indiana Code 8-14-1-4(b) and Indiana Code 8-14-1-5(c) requires at least 50% of the MVH distributions to be used for construction, reconstruction and preservation of the unit’s highways. Maintenance expenditures do not count toward the 50% requirement. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 6,269,085 6,548,446 6,548,446 6,334,951 6,334,951 3,496,954 3,496,954 2,837,997 55% Intergov./ Grants - - - - - - - - - Licenses & Permits 2,175 2,725 2,725 1,500 1,500 2,025 2,025 (525) 135% Charges for Services 112,415 89,847 89,847 160,500 160,500 72,711 72,711 87,789 45% Interest Earnings 75,958 130,728 130,728 59,892 59,892 101,379 101,379 (41,487) 169% Debt Proceeds 1,705,507 2,235,000 2,235,000 3,101,869 3,101,869 2,735,000 2,735,000 366,869 88% Other Income 44,405 107,157 107,157 81,500 81,500 50,607 50,607 30,893 62% Interfund Allocation Reimb 187,963 162,650 162,650 167,318 167,318 106,815 106,815 60,503 64% Interfund Transfers In 5,550,000 5,087,500 5,087,500 11,400,000 11,400,000 3,733,333 3,733,333 7,666,667 33% Total Revenue 13,947,509 14,364,052 14,364,052 21,307,530 21,307,530 10,298,823 10,298,823 11,008,706 48% Expenditures by Fund Motor Vehicle Highway (#202) 8,820,729 10,677,672 14,964,891 20,632,656 20,697,656 8,865,315 3,720,784 12,586,099 8,111,557 61% MVH Restricted (#266) 4,141,058 4,412,010 2,955,898 3,670,924 3,670,924 1,587,840 1,508,576 3,096,416 574,507 84% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,368,580 10,453,156 5,229,360 15,682,516 8,686,064 64% Expenditures by Activity Streets / Traffic & Lighting 11,454,763 13,195,713 15,743,876 20,378,861 20,443,861 9,269,560 3,730,467 13,000,027 7,443,834 64% Curb & Sidewalk Program 1,507,024 1,893,969 2,176,913 3,924,719 3,924,719 1,183,595 1,498,893 2,682,488 1,242,231 68% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,368,580 10,453,156 5,229,360 15,682,516 8,686,065 64% Expenditures by Type Personnel Salaries & Wages 3,179,336 3,585,728 3,775,452 5,035,209 5,034,996 2,410,542 - 2,410,542 2,624,454 48% Fringe Benefits 1,327,859 1,481,006 1,523,038 2,204,606 2,194,493 876,458 - 876,458 1,318,035 40% Total Personnel 4,507,195 5,066,734 5,298,490 7,239,814 7,229,489 3,287,000 - 3,287,000 3,942,489 45% Supplies 2,962,061 2,532,798 2,622,649 4,102,079 4,102,079 1,920,101 1,592,253 3,512,354 589,725 86% Services & Charges Professional Services 636,199 866,929 1,100,018 2,707,363 2,707,363 697,972 1,466,534 2,164,506 542,857 80% Printing & Advertising 2,422 1,810 1,074 2,950 2,950 2,110 - 2,110 840 72% Utilities 44,781 47,159 39,999 66,836 66,836 32,634 - 32,634 34,202 49% Repairs & Maintenance 2,078,298 1,939,212 2,201,191 1,774,137 1,774,137 1,117,089 254,072 1,371,161 402,976 77% Education & Training 8,291 11,555 10,089 30,000 30,000 1,590 - 1,590 28,410 5% Travel 5,135 803 11,328 25,000 25,000 - - - 25,000 0% Other Services & Charges 27,988 138,852 178,514 158,070 158,070 20,652 2,960 23,612 134,458 15% Debt Service Principal 982,660 1,282,926 1,643,197 2,087,246 2,087,246 1,395,982 - 1,395,982 691,264 67% Debt Service Interest & Fees 37,072 62,855 124,370 416,979 416,979 115,809 - 115,809 301,170 28% Total Services & Charges 3,822,847 4,352,101 5,309,781 7,268,581 7,268,581 3,383,838 1,723,566 5,107,405 2,161,177 70% Operating Expenditures 11,292,103 11,951,633 13,230,920 18,610,474 18,600,149 8,590,939 3,315,819 11,906,758 6,693,391 64% Capital 340,102 1,729,951 3,085,813 3,948,013 4,013,013 837,573 1,913,541 2,751,114 1,261,898 69% Bad Debt - - - - - - - - - - Interfund Allocations 1,329,582 1,408,098 1,604,056 1,745,093 1,755,418 1,024,643 - 1,024,643 730,775 58% Total Expenditures 12,961,787 15,089,683 17,920,789 24,303,580 24,368,580 10,453,156 5,229,360 15,682,516 8,686,064 64% Net Surplus / (Deficit) - (725,631) (3,556,737) (2,996,050) (3,061,050) (154,332) (5,383,692) Beginning Cash Balance 6,814,748 7,734,117 6,814,748 6,814,748 Cash Adjustments 919,369 (193,739) 4,591,410 - Ending Cash Balance 7,734,117 6,814,748 7,849,421 3,753,698 5,623,730 Motor Vehicle Highway Budget Summary - Fund 202 & 266 This summary shows the combined Motor Vehicle Highway (MVH) Fund and MVH Restricted Fund. These funds account for a portion of the Streets & Sewers Division's operations including: Streets, Traffic & Lighting, and Curb & Sidewalk. Streets & Sewers is a division of the Department of Public Works. For the purposes of reporting to the State of Indiana, these funds are combined; however, their accounting must be kept separate based on the directive put forth by the Indiana State Board of Accounts: Starting on January 1, 2019, the political subdivision must post at the time of receipt of the distribution from the State Motor Vehicle Highway Account fifty percent (50%) of the distribution to MVH Restricted. The political subdivision, by ordinance or resolution, may elect to allocate more than fifty percent (50%) of the distributions to MVH Restricted. During the same fiscal year, the political subdivision may transfer, by ordinance or resolution, the amount allocated in excess of the 50% requirement from MVH Restricted to MVH. In no event can any transfers from MVH Restricted to MVH reduce the fiscal year distributions from the State Motor Vehicle Highway Account below the 50% requirement for MVH Restricted. Any amounts allocated in excess of the required 50% of distributions which remain in MVH Restricted at the end of the fiscal year must remain in MVH Restricted until expended for construction, reconstruction, or preservation. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Local Road & Street Fund Number 251 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 2,003,475 2,040,961 2,040,961 1,944,187 1,944,187 1,248,865 1,248,865 695,322 64% Intergov./ Grants 145,348 205,355 205,355 55,000 55,000 49,940 49,940 5,060 91% Interest Earnings 34,259 74,193 74,193 43,834 43,834 26,075 26,075 17,759 59% Other Income 10,510 - - - - (5,255) (5,255) 5,255 - Interfund Transfers In - - - - - - - - - Total Revenue 2,193,593 2,320,509 2,320,509 2,043,021 2,043,021 1,319,626 1,319,626 723,396 65% Expenditures by Type Supplies 57,542 347,256 380,000 20,000 20,000 - - - 20,000 0% Services & Charges Professional Services 690,622 524,598 743,100 1,308,864 1,308,864 81,265 339,055 420,320 888,544 32% Repairs & Maintenance 125,774 1,717,103 1,757,220 900,060 900,060 83,046 465,354 548,400 351,660 61% Other Services & Charges - - - - - - - - - - Total Services & Charges 816,396 2,241,701 2,500,319 2,208,924 2,208,924 164,311 804,409 968,720 1,240,204 44% Capital 303,138 783,787 389,372 575,712 575,712 184,556 120,470 305,026 270,686 53% Interfund Transfers Out 1,000,000 - - 1,500,000 1,500,000 - - - 1,500,000 0% Total Expenditures 2,177,076 3,372,745 3,269,691 4,304,636 4,304,636 348,867 924,879 1,273,746 3,030,890 30% Net Surplus / (Deficit) 16,517 (1,052,235) (949,182) (2,261,615) (2,261,615) 970,759 45,880 Beginning Cash Balance 2,349,376 3,632,884 2,349,376 2,349,376 Cash Adjustments 1,266,990 (231,272) 979,891 - Ending Cash Balance 3,632,884 2,349,376 2,380,085 87,761 1,539,611 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund is used to track expenditures for road projects managed by the Engineering division of the Department of Public Works. Per Indiana Code Section 8-14-2-5, this fund "shall be used exclusively by the cities, towns, and counties for: engineering, land acquisition, construction, resurfacing, maintenance, restoration, or rehabilitation of both local and arterial road and street systems; the payment of principal and interest on bonds sold primarily to finance road, street, or thoroughfare projects; any local costs required to undertake a recreational or reservoir road project under IC 8-23-5; or the purchase, rental, or repair of highway equipment." This fund receives gas taxes from the State of Indiana as its primary revenue source. Gas tax revenue is distributed monthly by the State and is based on a complex formula, developed by the State, which takes into account population, road and street mileage and other factors. Gas tax is forecasted conservatively given the changes in the State's distribution formula. This fund also receives revenue from interest earned on the fund's cash balance. Grants/Intergovernmental revenue is provided by the Indiana Department of Transportation (INDOT) and reimbursed through progress billing for state approved projects. In 2019, $2.5 million was transferred from the Local Income Tax Economic Development Fund (#408) to cover the cost of 20% local match for the Bendix Drive Pavement Replacement Project. Expenditures in this fund are for general street maintenance, traffic calming, outsourced paving, and traffic signal maintenance. Expenditures are based on the revenues received. There is no cash reserve requirement as this is a capital fund so it is spent down on capital projects. In 2021, the City issued an infrastructure bond to fund city-wide street improvements. As a result, some of the outsourced paving expenses typically budgeted for in this fund were moved to the 2021 Infrastructure Bond Capital Fund (#455). This fund supports a 50/50 matching grant (Community Crossings), funding $1,000,000 as the matching portion as an Interfund transfer to the Local Road & Bridge Grant Fund (#265). The transfer from this fund was suspended in 2021 and the matching portion was covered by the 2021 Infrastructure Bond Capital Fund (#455) and this fund transferred $2 million to the Motor Vehicle Highway Fund (#202). In 2022, this fund will resume the $1 million matching transfer to Fund #265. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name LOIT Special Distribution Fund Number 257 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Interest Earnings 3,417 3,388 3,388 - - 994 994 (994) - Other Income - - - - - - - - - Total Revenue 3,417 3,388 3,388 - - 994 994 (994) - Expenditures by Type Services & Charges Professional Services - 184,782 - 704 704 704 - 704 - 100% Total Services & Charges - 184,782 - 704 704 704 - 704 - 100% Capital - 4,314 - 52,635 52,635 33,831 - 33,831 18,804 64% Total Expenditures - 189,096 - 53,339 53,339 34,535 - 34,535 18,804 65% Net Surplus / (Deficit) 3,417 (185,709) 3,388 (53,339) (53,339) (33,540) (33,540) Beginning Cash Balance 245,630 266,588 245,630 245,630 Cash Adjustments 17,541 164,751 (775) - Ending Cash Balance 266,588 245,630 248,243 192,291 32,194 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2016, per the Indiana State Board of Accounts (SBOA), to receive a one-time payment of local income taxes from the State for the purpose of infrastructure expenditures. Per the state statute (Senate Enrolled Act 67), a minimum of 75% must be spent on infrastructure projects. A total of $4,217,549, representing 75% of the total distribution, was deposited in May 2016, comprised of $4,160,901 distributed to the City and $56,648 distributed to the Redevelopment Authority. The remainder was deposited into the Rainy Day Fund (#102). Based on the fund purpose listed above, the one-time payment of local income tax received for infrastructure improvements has been expended and therefore this fund is slated to be inactivated once all funds are spent. The City continues to use this cash to help fund infrastructure projects. The fund should be spent down in the next year or so. Projects are managed by the Engineering division of the Department of Public Works. Cash Reserves Target No reserve requirement - one-time distribution - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Local Road & Bridge Grant Fund Number 265 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 1,350,100 1,000,000 1,000,000 1,500,000 1,500,000 1,276,250 1,276,250 223,750 85% Interest Earnings 23,684 50,707 50,707 4,106 4,106 12,046 12,046 (7,939) 293% Other Income - - - - - - - - - Interfund Transfers In 1,000,000 - - 1,500,000 1,500,000 - - 1,500,000 0% Total Revenue 2,373,784 1,050,707 1,050,707 3,004,106 3,004,106 1,288,296 1,288,296 1,715,811 43% Expenditures by Type Services & Charges Repairs & Maintenance 594,751 3,105,996 1,229,350 3,993,345 3,993,345 643,449 2,233,545 2,876,995 1,116,351 72% Other Services & Charges - - - - - - - - - - Total Services & Charges 594,751 3,105,996 1,229,350 3,993,345 3,993,345 643,449 2,233,545 2,876,995 1,116,351 72% Capital - - - - - - - - - - Total Expenditures 594,751 3,105,996 1,229,350 3,993,345 3,993,345 643,449 2,233,545 2,876,995 1,116,351 72% Net Surplus / (Deficit) 1,779,033 (2,055,289) (178,642) (989,239) (989,239) 644,847 (1,588,699) Beginning Cash Balance 704,875 1,391,493 704,875 704,875 Cash Adjustments (1,092,415) 1,368,671 1,950,821 - Ending Cash Balance 1,391,493 704,875 2,477,054 (284,364) 1,316,836 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10486-16) to account for the receipt of the Community Crossings state grant and matching revenue (50/50) and for the payment of expenditures on eligible projects, per the Indiana State Board of Accounts (SBOA). Community Crossings is a partnership between the Indiana Department of Transportation (INDOT) and Hoosier communities, both urban and rural, to invest in infrastructure projects that catalyze economic development, create jobs, and strengthen local transportation networks. The City is seeking $1 million in grant funding each year. In February 2017, the City received its first Community Crossings matching grant from INDOT for $1 million. The City's matching portion is covered by interfund transfers from other City funds. The transfers have come from the following funds: 2017 - $1 million - LOIT 2016 Special Distribution Fund (#257) | 2018 - $670,000 - LOIT 2016 Special Distribution Fund (#257) | 2019 - $553,253 - Local Road & Street Fund (#251) | 2020 - $1 million - Local Road & Street Fund (#251), $522,365 - Major Moves Construction Fund (#412) | 2021 - $1 million - 2021 Infrastructure Bonds Fund (#455) | 2022 - $1 million - Local Road & Street Fund (#251) This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are calculated on anticipated grant proceeds, plus the City's matching portion funded by Local Road & Street Fund (#251). The Community Crossings Matching Grant project includes pavement reconstruction - asphalt milling and resurfacing and curb ramps. Projects are managed by the Engineering division of the Department of Public Works. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Major Moves Construction Fund Number 412 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 32,517 238,248 238,248 - - - - - - Interest Earnings 26,999 53,463 53,463 3,463 3,463 23,004 23,004 (19,541) 664% Other Income 493,328 493,328 493,328 120,892 120,892 - - 120,892 0% Interfund Transfers In - - - - - - - - - Total Revenue 552,844 785,039 785,039 124,355 124,355 23,004 23,004 101,351 18% Expenditures by Type Supplies - 628,041 350,000 - - - - - - - Services & Charges Professional Services 217,156 97,521 217,979 178,882 178,882 50,269 27,307 77,576 101,306 43% Repairs & Maintenance 450,000 - - - - - - - - - Total Services & Charges 667,156 97,521 217,979 178,882 178,882 50,269 27,307 77,576 101,306 43% Capital 196,985 33,493 316,921 583,942 583,942 105,240 107,176 212,416 371,526 36% Interfund Transfers Out - - - - - - - - - - Total Expenditures 864,141 759,056 884,900 762,824 762,824 155,509 134,483 289,992 472,832 38% Net Surplus / (Deficit) (311,297) 25,983 (99,862) (638,470) (638,470) (132,505) (266,988) Beginning Cash Balance 1,889,193 1,386,436 1,889,193 1,889,193 Cash Adjustments (191,461) 476,775 (217,032) - Ending Cash Balance 1,386,436 1,889,193 1,572,300 1,250,724 793,121 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2006 with the City's share of the proceeds for the lease of the Indiana Toll Road (I-80/90). The fund is used to finance capital improvements projects managed by the Engineering division of the Department of Public Works. Per Indiana Code Section 8-14-16-5, “money in the fund may be expended only for the following purposes: (1) Construction of highways, roads, and bridges; (2) In a county that is a member of the northwest Indiana regional development authority, or in a city or town located in such a county, any purpose for which the regional development authority may make expenditures under IC 36-7.5; (3) Providing funding for economic development projects (as defined in IC 6-3.5-7-13.1(c)(1) or IC 6-3.5-7-13.1(c)(2)(A) through IC 6-3.5-7-13.1(c)(2)(K)); (4) Matching federal grants for a purpose described in this section; (5) Providing funding for interlocal agreements under IC 36-1-7 for a purpose described in this section; (6) Providing the county's, city's, or town's contribution to a regional development authority established under IC 36-7.6-2-3.” This fund receives principal and interest income from interfund loans (debt schedules #84 & #85) being repaid by the River East Residential TIF Fund (#436). The loans will be paid off in 2024 and 2029. This fund also receives revenue from interest earned on the fund's cash balance. Since the original funding for Major Moves was realized in 2006 from the lease proceeds of the Indiana Toll Road and the interfund loans will eventually be paid off, there will be no funding source remaining by 2029. At that time, this fund will be spent down to zero. For 2021, $450,000 was budgeted for the Streets Division to use for street paving materials. In 2022, internal street paving materials decreased to $350,000. Budgeted for 2022 is $450,000 for Contracted Paving - as part of the City's Rebuilding our Streets Initiative. Also funded in 2022 is $200,000 Flashing Beacon and $300,000 Guardrail Installation. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2021 Infrastructure Bond Capital Fund Number 455 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 37,031 48,402 48,402 - - 17,255 17,255 (17,255) - Interfund Transfers In - - - - - - - - - Total Revenue 37,031 48,402 48,402 - - 17,255 17,255 (17,255) - Expenditures by Type Capital 1,761,110 1,236,390 276,767 446,483 446,483 399,500 - 399,500 46,983 89% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,761,110 1,236,390 276,767 446,483 446,483 399,500 - 399,500 46,983 89% Net Surplus / (Deficit) (1,724,079) (1,187,989) (228,365) (446,483) (446,483) (382,245) (382,245) Beginning Cash Balance 3,836,482 - 3,836,482 3,836,482 Cash Adjustments (2,112,403) 5,024,470 (1,306,106) - Ending Cash Balance - 3,836,482 2,302,010 3,389,998 291,347 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund was established to track the expenditures of the proceeds from the LIT Lease Rental Revenue Bonds, Series 2021. The bonds were issued to fund street and neighborhood infrastructure projects. The bonds were secured with local income tax funding and are being repaid by the Local Income Tax Economic Development Fund (#408). Payment of debt service principal and interest to the bondholders is recorded in the Building Corporation Fund (#755). The bonds were closed on May 12, 2021 with a par amount of $7,610,000 and a premium of $1,250,022, a total of $8,860,022. The bonds have a net interest rate of 3.4%. The bond proceeds and cost of issuance were accounted for in the Building Corporation Fund (#755). The net amount of $8,601,026 was transferred from Fund #755 to this bond capital fund to be used towards the approved The bonds proceeds will be spent towards improving the City's neighborhoods through street and infrastructure improvements. In 2021, $1,000,000 was transferred to the Local Road & Bridge Grant Fund (#265) as the City's match portion for the Community Crossings state matching grant from the Indiana Department of Transportation (INDOT). In 2022, the Local Road & Street Fund (#251) will resume the matching transfer. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Solid Waste Operations Fund Number 610 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 6,909,550 7,622,504 7,622,504 8,256,538 8,256,538 4,894,267 4,894,267 3,362,271 59% Intergov./ Grants 7,410 8,636 8,636 - - - - - - Interest Earnings 3,406 8,323 8,323 10,970 10,970 38,967 38,967 (27,997) 355% Other Income 63,306 18,231 18,231 45,000 45,000 1,115 1,115 43,885 2% Interfund Transfers In 263,687 527,035 527,035 - - - - - - Total Revenue 7,247,359 8,184,729 8,184,729 8,312,508 8,312,508 4,934,350 4,934,350 3,378,159 59% Expenditures by Type Personnel Salaries & Wages 1,223,746 1,265,563 1,320,819 1,482,946 1,482,946 780,496 - 780,496 702,450 53% Fringe Benefits 478,575 526,275 542,699 747,879 747,879 307,475 - 307,475 440,404 41% Total Personnel 1,702,321 1,791,838 1,863,518 2,230,825 2,230,825 1,087,971 - 1,087,971 1,142,854 49% Supplies 434,548 306,830 282,404 567,435 567,435 278,005 29,811 307,817 259,619 54% Services & Charges Printing & Advertising 13,059 12,003 - 18,241 18,241 625 - 625 17,616 3% Repairs & Maintenance 1,844,161 1,893,174 1,536,291 1,239,169 1,239,169 976,875 6,944 983,819 255,350 79% Education & Training 180 4,068 132 20,400 20,400 - - - 20,400 0% Travel - - - 15,300 15,300 - - - 15,300 0% Other Services & Charges 1,085,570 1,127,500 1,377,466 1,394,368 1,394,368 823,409 490,002 1,313,411 80,956 94% Debt Service Principal - - - - - - - - - - Total Services & Charges 2,942,970 3,036,744 2,913,890 2,687,477 2,687,477 1,800,909 496,946 2,297,855 389,622 86% Operating Expenditures 5,079,840 5,135,412 5,059,811 5,485,737 5,485,737 3,166,886 526,757 3,693,643 1,792,095 67% Bad Debt 670,719 219,772 206,880 259,035 259,035 94,191 - 94,191 164,844 36% Interfund Interfund Allocations 1,187,501 1,361,480 1,479,707 1,579,144 1,579,144 965,536 - 965,536 613,609 61% Interfund Transfers Out 981,664 899,690 933,000 1,338,315 1,338,315 - - - 1,338,315 0% Total Interfund 2,169,165 2,261,170 2,412,707 2,917,459 2,917,459 965,536 - 965,536 1,951,924 33% Total Expenditures 7,919,724 7,616,354 7,679,398 8,662,231 8,662,231 4,226,613 526,757 4,753,370 3,908,863 55% Beginning Cash Balance 906,471 87,032 906,471 906,471 Cash Adjustments (147,073) 251,063 (1,116,969) - Ending Cash Balance 87,032 906,471 294,832 556,748 1,977,098 Cash Reserves Target 791,972 761,635 767,940 866,223 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established to account for the operations of the Solid Waste Division of the Department of Public Works. Solid Waste provides weekly trash collection service. Additional services available to residents include trash extra bulky collection, weekly yard waste collection, yard waste extra bulky collection, and Christmas tree collection. This fund is funded by charging City residents a monthly fee for pick-up and disposal of trash at an area landfill/transfer station and recycling centers. The most recent rate increases were in 2008 (ordinance no. 9861-08), 2017 (ordinance no. 10400-15), and 2021 (ordinance no. 10797-21). At the end of 2020, the Common Council approved an interfund loan from the Sewage Works Operations Fund (#641) to this fund in order to ensure the cash balance was not negative at year-end. The loan was repaid June 30, 2021. Personnel - The personnel budget includes the wages and benefits for twenty-five (25) full-time employees and a small budget for one (1) part-time employee. Rates for drivers have gone up significantly. | Supplies - The supplies budget includes fuel for the trash trucks, trash and yard waste totes, uniforms, and other small operating supplies. | Services - The repair & maintenance budget includes R&M for the trash trucks. The majority of the budget for other charges & services is for landfill costs (approx. $1.2 million budgeted for 2022). Landfill costs have continued to increase as the volume of trash collected rises year after year. However, the City does not charge residents based on the volume of trash picked up so there is no additional revenue to help offset the increased costs. The City will continue to look for ways to be more efficient and/or raise more revenue. | Capital - Solid Waste's capital needs are tracked in a separate capital fund (#611). Funds are transferred to capital fund as needed for the payment of debt service payments for capital leases. The City purchases new trash trucks through 5-year capital leases. Cash Reserves Target 10% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Solid Waste Capital Fund Number 611 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,516 5,297 5,297 - - 39,899 39,899 (39,899) - Debt Proceeds 1,559,726 1,225,000 1,225,000 - - - - - - Interfund Transfers In 981,664 899,690 899,690 1,338,315 1,338,315 - - 1,338,315 0% Total Revenue 2,542,907 2,129,987 2,129,987 1,338,315 1,338,315 39,899 39,899 1,298,416 3% Expenditures by Type Services & Charges Debt Service Principal 950,448 928,231 1,054,761 1,206,567 1,206,567 822,292 - 822,292 384,275 68% Debt Service Interest & Fees 31,216 48,912 48,099 138,126 138,126 70,136 - 70,136 67,990 51% Total Services & Charges 981,664 977,143 1,102,860 1,344,694 1,344,694 892,428 - 892,428 452,265 66% Capital 758,270 - 2,764,101 1,965,676 1,965,676 349,221 1,615,932 1,965,153 523 100% Total Expenditures 1,739,934 977,143 3,866,961 3,310,370 3,310,370 1,241,649 1,615,932 2,857,581 452,788 86% Net Surplus / (Deficit) 802,972 1,152,844 (1,736,974) (1,972,055) (1,972,055) (1,201,751) (2,817,683) Beginning Cash Balance 779,163 388,126 779,163 779,163 Cash Adjustments (1,194,009) (761,807) 2,539,839 - Ending Cash Balance 388,126 779,163 1,582,027 (1,192,892) 841,432 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for capital expenditures and debt service related to the Solid Waste Division of the Department of Public Works. Some equipment is purchased through capital leases which are paid off over 5 years. This fund receives interfund transfers from the Solid Waste Operations Fund (#610) to cover expenditures as needed. Debt proceeds are from capital leases. The funds are held by an escrow agent Over the next five years, Solid Waste plans to replace older trucks with side-load dedicated units, replacing about two trucks a year. These trucks will be purchased with capital lease proceeds. The principal and interest expense budgeted is for capital lease payments for the trucks. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Operations Fund Number 620 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 19,141,578 19,884,402 19,884,402 21,693,111 21,693,111 11,472,786 11,472,786 10,220,325 53% Interest Earnings 95,051 187,240 187,240 136,803 136,803 353,889 353,889 (217,086) 259% Other Income 41,395 510,566 510,566 18,055 18,055 17,131 17,131 924 95% Interfund Allocation Reimb 1,414,701 1,633,074 1,633,074 1,655,108 1,655,108 965,480 965,480 689,628 58% Interfund Transfers In 294,627 134,865 134,865 - - - - - - Total Revenue 20,987,352 22,350,147 22,350,147 23,503,077 23,503,077 12,809,286 12,809,286 10,693,791 55% Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 25,351,815 11,521,083 2,339,645 13,860,727 11,491,087 55% Expenditures by Type Personnel Salaries & Wages 3,497,540 3,777,318 3,648,854 4,336,218 4,336,218 2,167,811 - 2,167,811 2,168,407 50% Fringe Benefits 1,503,528 1,515,511 1,436,060 2,031,432 2,031,432 769,896 - 769,896 1,261,536 38% Total Personnel 5,001,068 5,292,830 5,084,914 6,367,650 6,367,650 2,937,707 - 2,937,707 3,429,943 46% Supplies 1,604,334 1,598,311 1,537,179 2,505,167 2,480,167 664,985 284,105 949,090 1,531,077 38% Services & Charges Professional Services 760,096 872,977 1,227,334 2,124,466 2,424,466 811,724 579,722 1,391,446 1,033,020 57% Printing & Advertising 7,168 2,341 2,683 7,520 7,520 215 246 461 7,059 6% Utilities 828,854 893,492 880,936 956,813 1,306,813 680,502 - 680,502 626,310 52% Repairs & Maintenance 411,658 402,687 477,557 882,229 902,229 471,501 151,307 622,808 279,421 69% Education & Training 15,517 22,722 8,509 37,438 62,438 21,327 4,482 25,809 36,629 41% Travel - 3,775 3,735 23,715 23,715 2,878 3,973 6,852 16,863 29% Other Services & Charges 2,536,459 2,529,469 2,918,953 4,229,006 4,209,006 1,808,182 1,315,810 3,123,992 1,085,014 74% Debt Service Principal 201,048 - - - - - - - - - Debt Service Interest & Fees 3,131 - - - - - - - - - Total Services & Charges 4,763,931 4,727,463 5,519,708 8,261,186 8,936,186 3,796,330 2,055,540 5,851,870 3,084,316 65% Operating Expenditures 11,369,334 11,618,604 12,141,801 17,134,004 17,784,004 7,399,023 2,339,645 9,738,667 8,045,336 55% Bad Debt 1,103,072 303,108 327,535 236,865 236,865 147,860 - 147,860 89,005 62% Interfund Interfund Allocations 2,342,714 2,856,398 3,567,849 3,853,754 3,853,754 2,253,435 - 2,253,435 1,600,319 58% PILOT 1,613,639 1,606,468 1,638,597 1,602,400 1,602,400 1,602,400 - 1,602,400 - 100% Interfund Transfers Out 6,649,430 2,750,000 125,686 1,874,793 1,874,793 118,365 - 118,365 1,756,428 6% Total Interfund 10,605,783 7,212,866 5,332,132 7,330,946 7,330,946 3,974,200 - 3,974,200 3,356,747 54% Total Expenditures 23,078,188 19,134,577 17,801,468 24,701,815 25,351,815 11,521,083 2,339,645 13,860,727 11,491,088 55% 6,550,457 Net Surplus / (Deficit) (2,090,837) 3,215,570 4,548,680 (1,198,738) (1,848,738) 1,288,203 (1,051,442) Beginning Cash Balance 6,550,457 4,840,727 6,550,457 6,550,457 Cash Adjustments 381,106 (1,505,840) (6,340,354) - Ending Cash Balance 4,840,727 6,550,457 4,758,783 4,701,719 13,822,257 Cash Reserves Target 1,153,909 956,729 890,073 1,267,591 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 5% of Annual expenditures This fund was established to account for the revenues and operational expenses of the City-owned water utility. This fund also provides the monies for debt service obligations and capital improvements through transfer of monies to other water utility funds. The water utility is run by the Water Works Division of the Department of Public Works. Water Works solely utilizes groundwater to serve more than 112,000 customers. There are nine well fields which can produce water to be treated before making its way to homes and businesses via 550+ miles of water main. Water Works staff regularly conducts thorough testing on the groundwater before, during and after treatment, as well as throughout the distribution system. Water being distributed meets or exceeds all drinking water regulations. The general source of the water utility's revenue comes from the water service that is provided to its customers. The last rate increase was approved in 2021 (ordinance no. 10797-21). The purpose of the comprehensive rate adjustment is to provide a multi-year plan that meets the operational and capital needs of the utilities, gradually adjusting rates to generate sufficient cash flow. The increases are based on recommendations of a comprehensive utility long-term rate plan commissioned by the City. Changes to water rates are subject to approval of the Indiana Utility Regulatory Commission (IURC). Charges for services revenue forecast assumptions remain conservative. Other Income consists of reimbursements and other miscellaneous type sales. Interfund Allocation Reimbursement consists of the Utility Customer Service Allocation, which allocates the operational costs of the customer service department to benefiting operations including Sewage Works (Fund #641), Solid Waste (Fund #610), and Project ReLeaf (Fund #655); and the Payroll Cost Allocation, which allocates a portion of wages and benefits for positions that serve other divisions within the Department of Public Works. This fund also receives interest earnings from the other water utility funds (#624, 625, 626 and 629) for interest earned on cash balances in those funds that is subsequently transferred to this fund. Operational expenditures include those incurred in operating source of supply and pumping facilities, treatment facilities and distribution facilities. In addition, customer service costs are related to utility billing and collections. | Personnel - The personnel budget includes the wages and benefits for 68 full-time employees, and $86k for part-time and seasonal wages. | Supplies - The supplies budget includes inventory such as replacement parts for water mains and hydrants, repair & maintenance materials, concrete supplies, water treatment chemicals, laboratory supplies, fuel for vehicles and equipment, hardware supplies such as small tools & equipment, office supplies, and other small operating supplies. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, buildings, and minor water infrastructure repairs. The utilities budget includes the costs of electric, natural gas, and water for the Water Works Division's facilities and distribution sites. Professional services include well cleaning, electrical services, large meter testing, evaluation studies, and more. Other charges & services includes $1.1 million for various services associated with the utility's customer service billing and collections activities such as credit card processing fees, bill production and mailing, and utility billing software charges. Other charges and services also includes $1.1 million for plumbing contractors for the Water Insurance Service Line Leak Program. | Debt service principal and interest payments are for capital leases used to purchase water meters. The leases will be paid off in 2021 and 2022 (debt schedules #149 & #158). | Interfund Transfers Out include transfers to the Water Works Sinking Fund (#625) to fund debt service principal and interest payments on bonds, transfers to the Water Works Capital Fund (#622) to fund capital expenditures, and transfers to the Water Works Operations & Maintenance (O&M) Reserve (Fund #629). | Payment in lieu of taxes (PILOT) is transferred to the General Fund (#101). PILOT is calculated as 3% of the net book value of the Water Utility's capital assets. | Capital - Water Work's capital needs are tracked in a separate capital fund (#622). Funds are transferred as needed to cover capital expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Capital Fund Number 622 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 251,905 (106,004) (106,004) 210,000 210,000 82,994 82,994 127,007 40% Interest Earnings 153,064 227,703 227,703 208,820 208,820 399,990 399,990 (191,170) 192% Other Income 7,084 2,392 2,392 - - 1,971,297 1,971,297 (1,971,297) - Interfund Transfers In 3,971,704 - - 400,000 400,000 - - 400,000 0% Bond Proceeds - - - 7,673,000 7,673,000 - - 7,673,000 0% Total Revenue 4,383,757 124,091 124,091 8,491,820 8,491,820 2,454,281 2,454,281 (1,635,460) 29% Expenditures by Type Services & Charges Professional Services 42,253 132,973 432,412 29,103 1,436,653 28,574 - 28,574 1,408,079 2% Total Services & Charges 42,253 132,973 432,412 29,103 1,436,653 28,574 - 28,574 1,408,079 2% Capital 3,271,169 4,104,934 1,604,614 18,197,173 19,335,396 2,091,877 3,256,001 5,347,879 13,987,517 28% Bad Debt - - - - - - - - - - Total Expenditures 3,313,423 4,237,907 2,037,026 18,226,276 20,772,049 2,120,451 3,256,001 5,376,452 15,395,596 26% Net Surplus / (Deficit) 1,070,334 (4,113,816) (1,912,935) (9,734,455) (12,280,228) 333,830 (2,922,172) Beginning Cash Balance 9,672,979 7,652,044 9,672,979 9,672,979 Cash Adjustments (3,091,269) 6,134,751 3,299,811 - Ending Cash Balance 7,652,044 9,672,979 11,059,854 (2,607,250) 16,172,088 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 2023 Adopted Budget includes: Equipment: $25,000 • (1) Trailer 20 ' Long for Dump Truck Vehicles: $462,000 • (1) Tandem Axle Dump Truck - $275,000 • (2) Mini Cargo Vans - $66,000 • (1) Pickup Valve Truck - $65,000 • (2) Hybrid Vehicles - $56,000 Water Mains: $1,900,000 • New Main on Lathrop Street-Bendix Drive to Portage Avenue - $888,000 • Water main, hydrant, and valve replacement - $715,000 • New on Trail ROW-Dublin Street to Cripe Street - $297,000 Water Meter Replacement - $4,000,000 System Renewal Projects- TBD - $2,500,000 Services for Capital Planning - $100,000 Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established to account for acquiring, constructing, and improving water utility capital assets. Water utility capital assets include wells, reservoirs, transmission and distribution mains, This fund receives interfund transfers from the Water Works Operations Fund (#620) as needed to cover capital expenditures. This fund also receives revenue from a system development fee: a one- time capital contribution charged to customers making a new connection to the water system. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Customer Deposit Fund Number 624 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 12,668 38,236 38,236 - - 36,708 36,708 (36,708) - Total Revenue 12,668 38,236 38,236 - - 36,708 36,708 (36,708) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 12,668 38,236 38,236 - - 36,708 36,708 Beginning Cash Balance 1,279,314 1,263,319 1,279,314 1,279,314 Cash Adjustments (28,663) (22,240) (2,039) - Ending Cash Balance 1,263,319 1,279,314 1,315,511 1,279,314 1,434,302 Cash Reserves Target 1,263,319 1,279,314 1,315,511 1,279,314 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to retain the security deposits collected from utility customers. Upon termination of service, the security deposited is refunded in the form of a credit to the customer's final bill. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Historically, interest earned on this fund's cash balance was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 100% cash reserves for customer deposits City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Sinking (Debt Service) Fund Number 625 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 18,171 54,408 54,408 - - 37,153 37,153 (37,153) - Other Income - - - - - - - - - Interfund Transfers In 2,662,430 2,750,000 2,750,000 1,474,793 1,474,793 44,104 44,104 1,430,689 3% Total Revenue 2,680,601 2,804,408 2,804,408 1,474,793 1,474,793 81,257 81,257 1,393,536 6% Expenditures by Type Services & Charges Debt Service Principal 1,248,939 1,045,513 786,373 2,514,703 2,514,703 300,000 - 300,000 2,214,703 12% Debt Service Interest & Fees 390,368 356,162 303,770 1,131,985 1,131,985 224,704 - 224,704 907,281 20% Total Services & Charges 1,639,307 1,401,675 1,090,143 3,646,688 3,646,688 524,704 - 524,704 3,121,984 14% Interfund Transfers Out - - - - - - - - - - Total Expenditures 1,639,307 1,401,675 1,090,143 3,646,688 3,646,688 524,704 - 524,704 3,121,984 14% Net Surplus / (Deficit) 1,041,294 1,402,734 1,714,266 (2,171,895) (2,171,895) (443,446) (443,446) Beginning Cash Balance - 2,323 - - Cash Adjustments (1,038,971) (1,405,057) 559,522 - Ending Cash Balance 2,323 - 2,273,787 (2,171,895) 1,073,354 Cash Reserves Target 2,323 - 2,273,787 (2,171,895) Fund Purpose: Explanation of Revenue Sources: This fund was established to account for the payment of debt service obligations for Water Works, including bond principal and interest payments and paying agent fees. This fund receives interfund transfers from the Water Works Operations Fund (#620) as needed to cover debt service obligations. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Current debt includes: • 2012 Water Works Refunding Bonds, Refund 2002 - scheduled to retire on 1/1/23 with final payment being made in December 2022, (debt schedule #25) • 2009 Water Works Improvements, State Revolving Fund - scheduled to retire on 1/1/30 with final payment being made in December 2029, (debt schedule #68) • 2012 Water Works Revenue Bond - scheduled to retire on 1/1/33 with final payment being made in December 2032, (debt schedule #99) • 2016 Water Works Refunding Bonds, Refund 2000 & 2006 - scheduled to retire on 1/1/27 with final payment being made in December 2026, (debt schedule #156) • 2019 Amended Water Works Revenue Bonds of 2009, Series B - scheduled to retire on 1/1/30 with final payment being made in December 2029, (debt schedule #69) Historically, interest earned on this fund's cash balance was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Bond Reserve Fund Number 626 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 13,836 42,407 42,407 - - 42,976 42,976 (42,976) - Interfund Transfers In - - - - - 84,969 84,969 (84,969) - Total Revenue 13,836 42,407 42,407 - - 127,945 127,945 (127,945) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 13,836 42,407 42,407 - - 127,945 127,945 Beginning Cash Balance 1,422,804 1,422,800 1,422,804 1,422,804 Cash Adjustments (13,840) (42,403) (33,101) - Ending Cash Balance 1,422,800 1,422,804 1,432,109 1,422,804 1,741,141 Cash Reserves Target 1,422,800 1,422,804 1,432,109 1,422,804 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to ensure compliance with certain debt service bond covenants. The required cash balance is determined by the debt service financing arrangements at the time of issuance. The debt service reserve amount is used towards the last debt service payment. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Historically, excess interest earned on this fund's cash balance is transferred to the Water Works Operation Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Water Works Operations & Maintenance Reserve Fund Number 629 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 28,377 85,903 85,903 - - 82,943 82,943 (82,943) - Interfund Transfers In 15,296 - - - - - - - - Total Revenue 43,673 85,903 85,903 - - 82,943 82,943 (82,943) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 43,673 85,903 85,903 - - 82,943 82,943 Beginning Cash Balance 2,912,652 2,912,652 2,912,652 2,912,652 Cash Adjustments (43,673) (85,903) (51,780) - Ending Cash Balance 2,912,652 2,912,652 2,946,775 2,912,652 3,246,232 Cash Reserves Target 2,738,674 2,731,309 3,913,620 3,913,620 Fund Purpose: Explanation of Revenue Sources: This fund was established to hold cash reserves equivalent to two months of budgeted operating expenses in the Water Works Operations Fund (#620). This serves as fiscal protection against the risk of revenue shortfalls, emergencies, and other economic risks that may impact the water utility's ability to meet financial commitments. If this fund's cash falls below the reserve requirement, the Water Works Operations Fund (#620) will transfer funds to increase the cash reserves. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Once this fund's cash balance met the reserve requirement, any excess interest earned was transferred to the Water Works Operations Fund (#620). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 620 rather than transferring it. Cash Reserves Target 16.67% of annual operating expenses in Fund 620, net of transfers City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewer Repair Insurance Fund Number 640 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 701,488 703,574 703,574 666,095 666,095 414,589 414,589 251,506 62% Interest Earnings 27,093 54,170 54,170 16,699 16,699 39,656 39,656 (22,957) 237% Other Income - - - - - - - - - Interfund Transfers In 48,167 6,390 6,390 - - - - - - Total Revenue 776,748 764,134 764,134 682,794 682,794 454,246 454,246 228,549 67% Expenditures by Type Personnel Salaries & Wages 119,081 130,097 134,105 147,565 147,565 79,393 - 79,393 68,172 54% Fringe Benefits 55,024 55,746 56,550 65,258 64,758 29,267 - 29,267 35,492 45% Total Personnel 174,105 185,844 190,655 212,823 212,323 108,659 - 108,659 103,664 51% Supplies 42,321 40,016 69,570 134,645 134,645 73,494 22,789 96,283 38,362 72% Services & Charges Printing & Advertising - - - 200 200 - - - 200 0% Repairs & Maintenance 474,934 589,860 621,712 967,588 967,588 436,186 261,852 698,039 269,549 72% Other Services & Charges - - - - - - - - - - Total Services & Charges 474,934 589,860 621,712 967,788 967,788 436,186 261,852 698,039 269,749 72% Operating Expenditures 691,360 815,720 881,938 1,315,256 1,314,756 618,340 284,641 902,981 411,775 69% Bad Debt 57,952 8,820 14,932 - - 7,068 - 7,068 (7,068) - Interfund Allocations 96,195 100,897 98,073 97,900 98,400 59,450 - 59,450 38,950 60% Total Expenditures 845,507 925,437 994,942 1,413,156 1,413,156 684,857 284,641 969,498 443,657 69% Net Surplus / (Deficit) (68,759) (161,304) (230,809) (730,361) (730,361) (230,612) (515,252) Beginning Cash Balance 2,003,861 2,052,857 2,003,861 2,003,861 Cash Adjustments 117,756 112,307 178,911 - Cash Reserves Target 211,377 231,359 248,736 353,289 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) This fund was established in 1980 (ordinance 6811-80) to account for the repair and/or replacement of private sewer connections. The Sewer Insurance program is funded by a monthly charge on City residents' sewer bills. The City is responsible for the main sewer line; from the main line to the house is the homeowner's responsibility. This program helps residents who have an issue with their lateral that cannot be resolved by a simple clean-out by a plumber, i.e., collapsed line, complete root infiltration, etc. that requires excavation work - a "dig". The program is set up so that the homeowner pays a maximum $500 deductible toward the cost of the repair and the City pays the rest. This fund collects a monthly charge on City residents' sewer bills. This fund also receives revenue from interest earned on the fund's cash balance. Personnel - The personnel budget includes the wages and benefits for two (2) full-time employees. | Supplies - The supplies budget includes materials, uniforms, and other small operating supplies. | Services - The repair & maintenance budget includes $400k for outside contracted work and $1,000 for R&M for equipment. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Works Operations Fund Number 641 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 40,319,532 42,187,751 42,187,751 43,763,012 43,763,012 26,261,012 26,261,012 17,502,001 60% Interest Earnings 247,071 568,907 568,907 115,405 115,405 1,017,862 1,017,862 (902,457) 882% Other Income 106,610 68,553 68,553 2,000 2,000 10,650 10,650 (8,650) 533% Interfund Allocation Reimb 463,761 461,751 461,751 421,322 421,322 245,771 245,771 175,551 58% Interfund Transfers In 415,513 184,500 184,500 - - - - - - Total Revenue 41,552,487 43,471,462 43,471,462 44,301,739 44,301,739 27,535,295 27,535,295 16,766,445 62% Expenditures by Division Sewers 7,807,448 7,048,829 6,403,311 8,108,833 8,358,833 4,445,615 152,224 4,597,839 3,760,994 55% Concrete Crew 521,609 562,830 513,606 640,997 640,997 318,970 6,333 325,303 315,694 51% Wastewater 32,097,845 28,653,161 23,034,326 44,713,091 44,713,091 14,803,154 1,438,645 16,241,799 28,471,292 36% Organic Resources 1,506,046 1,167,251 1,696,224 1,888,911 1,888,911 875,866 92,526 968,392 920,519 51% Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 55,601,832 20,443,605 1,689,729 22,133,334 33,468,499 40% Expenditures by Type Personnel Salaries & Wages 4,946,254 5,272,342 5,445,536 6,402,628 6,395,128 3,346,935 - 3,346,935 3,048,192 52% Fringe Benefits 2,018,844 2,015,847 2,029,440 2,850,041 2,840,116 1,232,441 - 1,232,441 1,607,675 43% Total Personnel 6,965,098 7,288,190 7,474,976 9,252,669 9,235,244 4,579,376 - 4,579,376 4,655,867 50% Supplies 2,230,631 2,484,857 2,355,553 4,559,542 4,559,542 1,593,782 542,181 2,135,963 2,423,579 47% Services & Charges Professional Services 590,275 1,065,584 191,971 395,686 395,686 107,037 93,152 200,190 195,497 51% Printing & Advertising 1,182 4,135 1,981 7,240 7,740 2,808 - 2,808 4,932 36% Utilities 1,267,312 1,337,488 1,361,164 1,539,308 1,539,308 913,754 - 913,754 625,554 59% Repairs & Maintenance 1,677,658 1,731,522 2,951,638 3,054,255 3,054,255 1,671,618 167,459 1,839,077 1,215,178 60% Education & Training 20,869 34,832 30,878 69,465 69,465 24,609 5,355 29,964 39,500 43% Travel 10,417 14,539 22,986 43,210 42,210 9,401 11,781 21,181 21,029 50% Other Services & Charges 1,889,515 2,636,784 1,894,083 5,650,849 5,900,349 2,029,832 869,801 2,899,633 3,000,716 49% Debt Service Principal 188,482 - - - - - - - - - Debt Service Interest & Fees 2,935 - - - - - - - - - Total Services & Charges 5,648,646 6,824,884 6,454,702 10,760,014 11,009,014 4,759,059 1,147,548 5,906,607 5,102,406 54% Operating Expenditures 14,844,375 16,597,930 16,285,231 24,572,224 24,803,799 10,932,218 1,689,729 12,621,946 12,181,852 51% Capital 20,610 - - - - - - - - - Bad Debt 1,749,145 423,366 419,612 225,000 225,000 212,453 - 212,453 12,547 94% Interfund Interfund Allocations 6,081,041 6,148,303 7,153,280 7,565,272 7,583,697 4,381,100 - 4,381,100 3,202,596 58% PILOT 4,465,686 4,489,126 4,385,589 4,163,261 4,163,261 4,163,261 - 4,163,261 - 100% Interfund Transfers Out 14,772,089 9,773,347 3,403,755 18,826,075 18,826,075 754,573 - 754,573 18,071,502 4% Total Interfund 25,318,816 20,410,776 14,942,624 30,554,608 30,573,033 9,298,934 - 9,298,934 21,274,098 30% Total Expenditures 41,932,947 37,432,072 31,647,467 55,351,832 55,601,832 20,443,605 1,689,729 22,133,334 33,468,497 40% Net Surplus / (Deficit) (380,459) 6,039,390 11,823,994 (11,050,093) (11,300,093) 7,091,690 5,401,961 Beginning Cash Balance 13,825,371 11,466,153 13,825,371 13,825,371 Cash Adjustments 13,825,371 (3,680,173) (11,828,303) - Ending Cash Balance 11,466,153 13,825,371 13,821,063 2,525,278 41,403,746 Cash Reserves Target 2,096,647 1,871,604 1,582,373 2,780,092 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 5% of Annual expenditures This fund was established to account for the operations of the following divisions of the Department of Public Works: Wastewater - Facilitates the collection, treatment, and disposal of wastewater. Responsible for the operation of the treatment facility, which is a conventional activated sludge plant, the interceptor sewer system, the combined sewer overflow (CSO) system and the remote sewage lift stations. | Sewers - Oversees the repair and maintenance of approximately 700 miles of sanitary sewer and storm drains. Along with the sanitary and storm lines, Sewers also maintains around 10,000 catch basins, inlets, and drains. Maintenance of the sewer system is assisted by a vactor truck outfitted with a specialized camera system that enables real-time viewing of the inside of the sewer lines. This allows for the identification of issues to be addressed before they become problems that can affect the public. Sewers also mows and upkeeps the City’s retention ponds. | Organic Resources - Recycles collected yard waste, leaves, and brush for compost and mulch products. This fund receives revenue from charges for utility services for the City's residents. The last rate increase was approved in 2021 (ordinance no. 10797-21). The purpose of the comprehensive rate adjustment is to provide a multi-year plan that meets the operational and capital needs of the utilities, gradually adjusting rates to generate sufficient cash flow. The increases are based on recommendations of a comprehensive utility long-term rate plan commissioned by the City. The ordinance also established the Utility Assistance Program (UAP), to provide discounts to qualifying low-income customers. The program is funded by a monthly fee charged to all customers, starting out at $1.75 per month with the option to increase it gradually over the years to support the program as needed. Interfund Allocation Reimbursement is the Payroll Cost Allocation, which allocates a portion of wages and benefits for positions that serve other divisions within the Department of Public Works. These positions are allocated out to the following Public Works divisions: Streets (Fund #202), Water Works (Fund #620), Sewer Insurance (Fund #640), and Concrete Crew. This fund also receives interest earnings from the other sewage works funds (#643 & 654) for interest earned on cash balances in those funds that is subsequently transferred to this fund. Operational expenditures include those incurred in operating the wastewater treatment plant, maintaining the City's sewer system, and operating the Organic Resources facility which processes leaves, brush, wood and other yard waste. | Personnel - The personnel budget includes the wages and benefits for 89 full-time employees, and $243k for part-time and seasonal wages. | Supplies - Includes supplies needed to operate the wastewater treatment plant, such as water treatment chemicals, laboratory supplies, repair & maintenance materials, fuel for vehicles and equipment, hardware supplies such as small tools & equipment, office supplies, and other small operating supplies. Also includes supplies for sewer repair & maintenance and the operations of Organic Resources. | Services - The repair & maintenance budget includes R&M for vehicles, equipment, buildings, and minor sewer infrastructure repairs. The utilities budget includes the costs of electric, natural gas, and water for the wastewater treatment plant facilities, organic resources, and 50% of the utilities costs for the Public Works Service Center (utilized by Sewers). The other 50% is paid for by the Streets division which is budgeted in the Motor Vehicle Highway Fund (#202). Professional services include contract lab analysis and biomonitoring that cannot be completed in-house. Other charges & services includes contractual services for main line repairs and engineering projects for storm/sanitary sewer system repair/rehab/stabilization. | Debt service principal and interest payments are for capital leases used to purchase vehicles and equipment. The leases will be paid off in 2021 and 2022 (debt schedules #149, 152, 158, & 164). | Interfund Transfers Out include transfers to the Sewage Works Sinking Fund (#649) to fund debt service payments on bonds and transfers to the Sewage Works Capital Fund (#642) to fund capital expenditures.| Payment in lieu of taxes (PILOT) is transferred to the General Fund (#101). PILOT is calculated as 3% of the net book value of Sewage Works' capital assets. | Capital - Sewage Works' capital needs are tracked in a separate capital fund (#642). Funds are transferred as needed to cover capital expenditures. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Works Capital Fund Number 642 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 106,734 340,467 340,467 339,000 339,000 402,053 402,053 (63,053) 119% Interest Earnings 201,511 402,237 402,237 - - 214,975 214,975 (214,975) - Other Income 19,550 - - - - - - - - Interfund Transfers In 3,874,147 - - 10,412,670 10,412,670 - - 10,412,670 0% Bond Proceeds - 32,150,000 32,150,000 - - - - - - Total Revenue 4,201,942 32,892,704 32,892,704 10,751,670 10,751,670 617,028 - 617,028 10,134,642 6% Expenditures by Type Services & Charges Professional Services 18,900 1,105,955 298,314 4,465,304 4,065,304 669,896 1,397,465 2,067,360 1,997,944 49% Total Services & Charges 18,900 1,105,955 298,314 4,465,304 4,065,304 669,896 1,397,465 2,067,360 1,997,944 51% Capital 3,300,931 2,311,537 4,019,494 24,214,663 29,614,663 4,950,479 9,846,173 14,796,653 14,818,010 50% Bad Debt - - - - - - - - - - Total Expenditures 3,319,831 3,417,492 4,317,807 28,679,967 33,679,967 5,620,375 11,243,638 16,864,013 16,815,954 50% Net Surplus / (Deficit) 882,111 29,475,212 28,574,897 (17,928,297) (22,928,297) (5,003,347) (16,246,985) Beginning Cash Balance 14,359,708 13,821,218 14,359,708 14,359,708 Cash Adjustments (1,420,601) (28,936,722) (42,934,605) - Ending Cash Balance 13,821,218 14,359,708 - (8,568,589) 4,705,388 Cash Reserves Target - - - Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for the purchase of capital equipment and to fund major renovations/restorations for the following divisions of the Department of Public Works: Wastewater, Sewers, Organic Resources, and Concrete Crew. This fund receives interfund transfers from the Sewage Works Operations Fund (#641) as needed to cover capital expenditures. This fund also receives revenue from a system development fee: a one- time capital contribution charged to customers making a new connection to the water system. Additionally, this fund receives revenue from the selling of RINs (renewable identification numbers) credits that are part of the EPA Renewable Fuel Standards program. Fuel refiners and importers of nonrenewable fuels are obligated to produce a certain volume of renewable fuel or to buy an equivalent amount of credits on the RIN market. The City is using the biogas from its wastewater treatment plant digester to fuel its Solid Waste division's trash trucks. Each gallon equivalent that the City uses in a vehicle gets sold as a credit. The type of fuel produced by the City is rated D3 to be used for transportation. 2023 Adopted Budget includes: Capital Equipment Wastewater: • (1) Connect Van - $30,000 • (1) Utility Cart - $18,000 • (2) Portable Generators & Trailers - $120,000 Organic Resources: • (3) Front End Loaders - $310,000 Sewers Division: • (1) Excavator - $300,000 • (1) Sewer Camera Truck - $425,000 • (1) Truck-4WD/crew cab - $60,000 • (2) Compressors - $30,000 Capital Projects Wastewater Treatment Plant (WWTP) Upgrades: • WWTP Plant/Secondary Projects - $5.0 million • WWTP Secondary Plant Improvements - $1.4 million • LTCP/CSO Tank Design WWTP - $1.0 million Sewers: • Sewer Lining Projects - $2.0 million Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Works Operations & Maintenance Reserve Fund Number 643 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 53,797 162,855 162,855 - - 157,244 157,244 (157,244) - Interfund Transfers In - - - - - - - - - Total Revenue 53,797 162,855 162,855 - - 157,244 157,244 (157,244) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 53,797 162,855 162,855 - - 157,244 157,244 Beginning Cash Balance 5,550,801 5,550,801 5,550,801 5,550,801 Cash Adjustments (53,797) (162,855) (127,162) - Ending Cash Balance 5,550,801 5,550,801 5,586,493 5,550,801 6,154,203 Cash Reserves Target 4,527,715 4,610,709 6,130,519 6,130,519 Fund Purpose: Explanation of Revenue Sources: This fund was established to hold cash reserves equivalent to two months of budgeted operating expenses in the Sewage Works Operations Fund (#641). This serves as fiscal protection against the risk of revenue shortfalls, emergencies, and other economic risks that may impact the sewage works' ability to meet financial commitments. If this fund's cash falls below the reserve requirement, the Sewage Works Operations Fund (#641) will transfer funds to increase the cash reserves. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Once this fund's cash balance meets the reserve requirement, any excess interest earned is transferred to the Sewage Works Operations Fund (#641). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Cash Reserves Target 16.67% of annual operating expenses in Fund 641, net of transfers City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Sinking (Debt Service) Fund Number 649 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 47,494 120,213 120,213 - - 48,289 48,289 (48,289) - Debt Proceeds - - - - - - - - - Interfund Transfers In 11,107,089 9,773,347 9,773,347 8,413,405 8,413,405 565,711 565,711 7,847,694 7% PILOT - - - - - - - - - Total Revenue 11,154,583 9,893,560 9,893,560 8,413,405 8,413,405 614,000 614,000 7,799,405 7% Expenditures by Type Services & Charges Debt Service Principal 6,275,000 6,420,000 6,580,000 7,817,084 7,817,084 - - - 7,817,084 0% Debt Service Interest & Fees 1,238,373 1,076,591 1,043,195 2,767,144 2,767,144 615,595 - 615,595 2,151,549 22% Total Services & Charges 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 615,595 - 615,595 9,968,633 6% Interfund Transfers Out - - - - - - - - - - Total Expenditures 7,513,373 7,496,591 7,623,195 10,584,228 10,584,228 615,595 - 615,595 9,968,633 6% Net Surplus / (Deficit) 3,641,210 2,396,969 2,270,365 (2,170,823) (2,170,823) (1,596) (1,596) Beginning Cash Balance - 1,320,833 - - Cash Adjustments (2,320,377) (3,717,802) 1,361,454 - Ending Cash Balance 1,320,833 - 3,631,819 (2,170,823) 11,292 Cash Reserves Target 1,320,833 - 3,631,819 (2,170,823) Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to account for the payment of debt service obligations for Sewage Works, including bond principal and interest payments and paying agent fees. This fund receives interfund transfers from the Sewage Works Operations Fund (#641) as needed to cover debt service obligations. This fund also receives revenue from interest earned on the fund's cash balance. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). In 2021, the City issued the 2021 Sewage Works Refunding Revenue Bonds to refund the 2009 Sewage Works State Revolving Loan Fund (SRF) Loan (debt schedule #70) and the 2011 Sewage Works Revenue Bonds (debt schedule #93). The par amount of the bonds were $12,450,000 with a premium of $1,889,893 a total of $14,339,893. The funds were deposited into this fund to be used to pay off the 2009 and 2011 debt in December 2021. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). Current debt includes: • 2012 Sewage Works Revenue Bonds - final payment December 1, 2032, (debt schedule #101) • 2013A Sewage Works Revenue Bonds - final payment December 1, 2024 , (debt schedule #105) • 2015 Sewage Works Revenue Bonds, Refunding 2006 & 2007 - final payment December 1, 2025, (debt schedule #145) • 2020 Sewage Works Revenue Bonds, Refunding 2010 - final payment December 1, 2030, (debt schedule #80) • 2021 Sewage Works Revenue Bonds, Refunding 2009 & 2011 - final payment December 1, 2031 (debt schedule #219) The 2020 Debt Service Principal and Interest expense was higher than usual due to the refunding of the 2010 Sewage Works Revenue Bonds. The proceeds from the issuance of the refunding were used to pay off of the original 2010 bonds. The payoff was $5.49 million in principal and $125k in interest. The refunding saved the City approximately $1.4 million in principal and interest over the remaining life of the bonds. The 2021 Debt Service Principal and Interest expense was higher than usual due to the refunding of the 2009 and 2011 debt. The proceeds from the issuance of the refunding were used to pay off of the original debt. The payoff was $15.1 million in principal and $323k in interest. The refunding saved the City approximately $3.5 million in principal and interest over the remaining life of the bonds. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Debt Service Reserve Fund Number 653 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 36,341 110,014 110,014 - - 112,948 112,948 (112,948) - Interfund Transfers In - - - - - 188,862 188,862 (188,862) - Total Revenue 36,341 110,014 110,014 - - 301,810 301,810 (301,810) - Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel - - - - - - - - - Supplies Services & Charges Interfund Transfers Out - - - - - - - - - - - - - - - - - - - - Total Services & Charges - - - - - - - - - 0% Capital - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 36,341 110,014 110,014 - - 301,810 301,810 Beginning Cash Balance 3,749,760 3,990,250 3,749,760 3,749,760 Cash Adjustments 204,149 (350,504) (85,903) - Ending Cash Balance 3,990,250 3,749,760 3,773,871 3,749,760 4,836,079 Cash Reserves Target 3,990,250 3,749,760 3,773,871 3,749,760 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2009 (ordinance 9966-09) to be the repository for the City's Sewage Works bond debt service reserves as required by bond documents. The required cash balance is determined by the debt service financing arrangements at the time of issuance. The debt service reserve amount is used towards the last debt service payment. This fund receives revenue from interest earned on the fund's cash balance. Starting in 2022, interest earned on the cash balance in this fund will be subsequently transferred to the Sewage Works Operations Fund (#641). A new debt service reserve requirement was established for the 2021 Sewage Works Refunding Revenue Bonds (debt schedule #219) in the amount of $1,509,210. This amount was transferred from the Sewage Works Sinking Fund (#649) in 2021. The debt service reserve amount is used towards the last debt service payment. Bond principal and interest payments are accounted for in the Sewage Works Sinking Fund (#649). In 2020, the 2010 Sewage Works Revenue Bonds were refunded. The 2010 bonds debt service reserve amount ($322,566) was transferred to the Sewage Works Sinking Fund (#649) to be used towards the refunding. In 2021, the City issued the 2021 Sewage Works Refunding Revenue Bonds to refund the 2009 Sewage Works State Revolving Loan Fund (SRF) Loan (debt schedule #70) and the 2011 Sewage Works Revenue Bonds (debt schedule #93). The remaining debt service reserve ($1,749,971) for the 2009 and 2011 debt was transferred to the Sewage Works Debt Service Fund #649 to be used towards the pay off of the debt in December 2021. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Sewage Works Customer Deposit Fund Number 654 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 10,905 37,039 37,039 - - 41,098 41,098 (41,098) - Total Revenue 10,905 37,039 37,039 - - 41,098 41,098 (41,098) - Expenditures Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 10,905 37,039 37,039 - - 41,098 41,098 Beginning Cash Balance 903,840 649,073 903,840 903,840 Cash Adjustments (265,673) 217,729 244,562 - Ending Cash Balance 649,073 903,840 1,185,442 903,840 1,642,926 Cash Reserves Target 649,073 903,840 1,185,442 903,840 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to retain the security deposits collected from utility customers. Upon termination of service, the security deposited is refunded in the form of a credit to the customer's final bill. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Historically, interest earned on this fund's cash balance was transferred to the Sewage Works Operations Fund (#641). In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund directly into Fund 641 rather than transferring it. Cash Reserves Target 100% cash reserves for customer deposits City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Project ReLeaf Fund Number 655 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 455,212 455,392 455,392 456,126 456,126 265,445 265,445 190,681 58% Interest Earnings 4,980 13,471 13,471 9,402 9,402 15,263 15,263 (5,861) 162% Interfund Transfers In 36,158 4,905 4,905 - - - - - - Total Revenue 496,350 473,768 473,768 465,528 465,528 280,709 280,709 184,820 60% Expenditures by Type Personnel Salaries & Wages 35,920 40,178 45,347 114,312 114,312 10,314 - 10,314 103,998 9% Fringe Benefits 2,810 3,074 3,379 8,745 8,745 804 - 804 7,941 9% Total Personnel 38,730 43,252 48,726 123,057 123,057 11,118 - 11,118 111,939 9% Supplies 6,928 4,380 5,477 7,757 7,757 - - - 7,757 0% Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Operating Expenditures 45,658 47,632 54,203 130,814 130,814 11,118 - 11,118 119,696 8% Bad Debt 43,213 6,436 11,250 6,500 6,500 4,838 - 4,838 1,662 74% Interfund Interfund Allocations 46,462 36,239 32,252 32,372 32,372 18,884 - 18,884 13,488 58% Interfund Transfers Out 300,000 275,000 300,000 300,000 300,000 175,000 - 175,000 125,000 58% Total Interfund 346,462 311,239 332,252 332,372 332,372 193,884 - 193,884 138,488 58% Total Expenditures 435,333 365,307 397,704 469,686 469,686 209,841 - 209,841 259,846 45% Net Surplus / (Deficit) 61,017 108,461 76,063 (4,158) (4,158) 70,868 70,868 Beginning Cash Balance 282,057 425,913 282,057 282,057 Cash Adjustments 82,839 (252,317) (5,055) - Ending Cash Balance 425,913 282,057 353,065 277,898 615,746 Cash Reserves Target 108,833 91,327 99,426 117,422 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This was established to account for the fall and spring leaf collection program. This program is managed by the Department of Public Works through the Streets division. This fund was established in 1989 (ordinance 8007-89) in response to the problems brought about by the layers of dead leaves that collect in the fall. The City instituted a leaf pick-up program, called "Operation Re-Leaf," which encompassed using leaf vacuums as the primary collection tool. The City collects and disposes of leaves for residents to mitigate the practice of burning leaves. Burning leaves impacts air quality and can cause house/wildfires. (Ord. No. 7895-88, § 1; Ord. No. 8023-89, § 1; Ord. No. 9641-05, § I, 11-18-05) Beginning in the fall 1989, the service charge per customer for this program was eighteen cents ($0.18) per month per household. Starting January 1, 2006, the charge was increased to ninety-nine cents ($0.99) per month per household. The charge is included on residents' utility bills. There are currently 37,638 customers who pay for this service. This fund also receives revenue from interest earned on the fund's cash balance. The personnel budget includes the wages and benefits for the seasonal employees who perform the leaf pick-up work during the fall and spring. Interfund Transfers Out are for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by other funds. Currently, the leaf pickup program does not fund itself and the City has been spending down this fund's cash balance. Prior to 2021, Interfund Transfers Out were made to the Motor Vehicle Highway Fund (#202) for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by the Streets division. In 2021, the Interfund Transfers Out was budgeted for a transfer to the Sewage Works Operations Fund (#641) for supervisory wages, supplies, fuel, vactor repairs, and other expenses paid for by Fund 641. In 2022, the transfer will be made to Fund #202 going forward. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Storm Sewer Fund Number 667 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 1,036,932 1,042,143 1,042,143 1,147,200 1,147,200 789,675 789,675 357,525 69% Intergov./ Grants - 293,000 293,000 - - - - - - Interest Earnings 22,740 53,355 53,355 236 236 51,043 51,043 (50,807) 21607% Other Income 12,000 - - - - - - - - Interfund Transfers In 73,642 10,305 10,305 - - - - - - Total Revenue 1,145,315 1,398,803 1,398,803 1,147,436 1,147,436 840,718 840,718 306,718 73% Expenditures by Type Services & Charges Professional Services 189,476 273,376 138,721 281,451 281,451 30,824 38,925 69,749 211,702 25% Other Services & Charges - - - - - - - - - - Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Total Services & Charges 189,476 273,376 138,721 281,451 281,451 30,824 38,925 69,749 211,702 25% Capital 1,217,100 389,687 1,437,787 1,991,539 1,991,539 368,812 315,163 683,974 1,307,564 34% Bad Debt 84,577 13,360 24,967 40,305 40,305 10,384 - 10,384 29,921 26% Total Expenditures 1,491,154 676,423 1,601,475 2,313,295 2,313,295 410,019 354,087 764,107 1,549,187 33% Net Surplus / (Deficit) (345,839) 722,379 (202,672) (1,165,858) (1,165,858) 430,699 76,611 Beginning Cash Balance 1,604,154 1,032,916 1,604,154 1,604,154 Cash Adjustments (225,400) (151,141) (115,789) - Ending Cash Balance 1,032,916 1,604,154 1,285,693 438,296 2,105,549 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: On January 14, 2019, the Common Council passed an ordinance to establish a storm water user fee (ordinance 10633-19). This fund was established to track receipt of the storm water fee revenue and expense of that revenue on storm water projects. - The storm sewer system consists of sewers, storm inlets, catch basins, manholes, curbs, gutters, ditches, swales, retention and/or detention ponds or basins, dams, and flood control facilities designed for the collection, control, transport or discharge of stormwater. A storm water utility fee is a fee that produces revenue dedicated to improving drainage, controlling flooding, improving water quality and implementing regulations. The original storm water fee structure was a flat rate of $2 per month for residential customers and $5 per month for non-residential customers. The fee took effect on June 1, 2019. In August 2021, the Common Council passed ordinance no. 10797-21 to change the rates. Effective January 1, 2022, the residential flat rate remains $2 per month however the non-residential rate will change as follows: Tier 1-$5, Tier-2 $8, Tier 3-$10, Tier 4-$16, and Tier 5-$20. The ordinance allows for the storm water rates to increase incrementally from 2022 through 2025. In 2021, the City received a $68,000 grant from the Indiana Department of Natural Resources - Lake and River Enhancement Program Division of Wildlife to be used towards the Northshore Bank Stabilization Project. The 2022 budget for stormwater projects include $200,000 for professional services and $824,000 identified for storm sewer projects, drainage projects, downspout disconnection plan and misc. repairs. In 2021, projects included work on the South Bend Dam, Flood Mitigation, Western Avenue Phase III Storm Sewer, and the Michigan Street Separation. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police State Seizures Fund Number 216 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 23,345 51,127 51,127 5,000 5,000 20,463 20,463 (15,463) 409% Interest Earnings 2,551 6,281 6,281 4,830 4,830 8,230 8,230 (3,400) 170% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 25,897 57,408 57,408 9,830 9,830 28,693 28,693 (18,863) 292% Expenditures by Type Services & Charges Education & Training - - - 10,000 10,000 - - - 10,000 0% Other Services & Charges - - - 12,000 12,000 - - - 12,000 0% Total Services & Charges - - - 22,000 22,000 - - - 22,000 0% Capital - - - - - - - - - - Total Expenditures - - - 22,000 22,000 - - - 22,000 0% Net Surplus / (Deficit) 25,897 57,408 57,408 (12,170) (12,170) 28,693 28,693 Beginning Cash Balance 173,825 213,569 173,825 173,825 Cash Adjustments 13,847 (97,152) (32,143) - Ending Cash Balance 213,569 173,825 199,090 161,655 335,164 Cash Reserves Target - - - 5,500 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for law enforcement expenditures financed by the state or local agencies' authorized sale of confiscated property. This fund receives revenue from the state or local agencies' authorized sale of confiscated property. This fund's revenue stream is not a steady flow. It is dependent upon the processing and release of funds from the State for seized assets in drug activities. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are typically budgeted for law enforcement training and various Police Department expenses. In recent years, the Police Department has used this fund to purchase one to two vehicles each year. The Police Department has continued to spend down the cash balance in this fund in order to alleviate some of the burden on its operating budget in the General Fund (#101). Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Curfew Violations Fund Number 218 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 171 - - - - - - - - Interest Earnings 8 - - - - - - - - Total Revenue 178 - - - - - - - - Expenditures by Type Interfund Transfers Out 14,059 - - - - - - - - - Total Expenditures 14,059 - - - - - - - - - Net Surplus / (Deficit) (13,880) - - - - - - Beginning Cash Balance 13,880 13,799 13,880 13,880 Cash Adjustments 13,799 82 (13,880) (13,880) Ending Cash Balance 13,799 13,880 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund receives monies from Juvenile Positive Assistance and from the curfew ordinance violation fines. This fund also receives revenue from interest earned on the fund's cash balance. In recent years, this fund has received very little revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Law Enforcement Continuing Education Fund Number 220 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 390,016 648,640 648,640 300,000 300,000 1,735 1,735 298,265 1% Charges for Services 136,492 106,073 106,073 115,000 115,000 60,171 60,171 54,829 52% Fines, Forfeitures, and Fees 111,666 117,605 117,605 106,200 106,200 52,755 52,755 53,445 50% Interest Earnings 8,766 20,473 20,473 6,970 6,970 18,188 18,188 (11,217) 261% Donations 785 8,400 8,400 1,000 1,000 - - 1,000 0% Other Income 1,884 93,350 93,350 - - 26,027 26,027 (26,027) - Interfund Transfers In 218,353 - - - - - - - - Total Revenue 867,961 994,541 994,541 529,170 529,170 158,876 158,876 370,295 30% Expenditures by Type Supplies 198,761 209,080 403,989 207,047 207,047 90,622 30,397 121,019 86,027 58% Services & Charges Professional Services 1,929 13,866 10,144 - - 5,852 - 5,852 (5,852) - Education & Training 174,565 125,137 129,532 188,871 188,871 133,230 8,329 141,559 47,312 75% Travel 49,137 39,543 74,516 55,000 55,000 36,770 14,101 50,871 4,129 92% Other Services & Charges 52,751 20,734 9,010 59,250 59,250 (1,499) 400 (1,099) 60,349 -2% Total Services & Charges 278,383 199,280 223,202 303,121 303,121 174,354 22,829 197,183 105,938 65% Capital 26,338 301,100 277,429 40,000 695,000 254,644 397,007 651,651 43,349 94% Bad Debt - - - - - - - - - - Interfund Transfers Out 19,000 - - - - - - - - - Total Expenditures 522,482 709,459 904,620 550,168 1,205,168 519,620 450,233 969,853 235,314 80% Net Surplus / (Deficit) 345,479 285,082 89,921 (20,997) (675,997) (360,744) (810,977) Beginning Cash Balance 378,981 483,549 378,981 378,981 Cash Adjustments (240,912) (389,650) 248,841 - Ending Cash Balance 483,549 378,981 717,743 (297,016) 543,248 Cash Reserves Target 130,620 177,365 226,155 301,292 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) This fund was established (ordinance 6974-81) to fund the continuing education for the officers of the South Bend Police Department. This fund is funded by fees from accident reports and fines for false alarm and loud noise ordinance violations. Starting in 2022, this fund will receive the following revenue sources previously accounted for in other police special revenue funds: state and federal grant revenue, charges for services from the enforcement courses offered to other police departments who pay a fee to attend the training (formerly in Fund #294), impound towing fees (formerly Fund #295), and donations for the Police K-9 unit (formerly in Fund #705). This fund also receives revenue from interest earned on the fund's cash balance. Previously, this fund received revenue from gun permit application fees; however, a change in State legislation eliminated this revenue source. Effective July 1, 2021, the City of South Bend and other municipalities can no longer charge a fee for processing gun permit applications. This change negatively impacts the South Bend Police Department as gun permit fees accounted for $45k-$60k in revenue in this fund annually. Expenditures include educational materials and equipment, conference and training registration, and travel costs for conferences/trainings. Starting in 2022, this fund will also account for grant related activities or grant funded purchases previously accounted for in other police special revenue funds. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Local Income Tax - Public Safety Fund Number 249 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 9,168,579 12,690,915 12,690,915 12,400,678 12,400,678 7,638,580 7,638,580 4,762,098 62% Interest Earnings 30,151 178,001 178,001 178,522 178,522 156,216 156,216 22,306 88% Total Revenue 9,198,730 12,868,916 12,868,916 12,579,200 12,579,200 7,794,796 7,794,796 4,784,404 62% Expenditures by Department Police Department 5,124,420 4,749,279 6,928,340 6,200,339 6,200,339 3,577,119 - 3,577,119 2,623,220 58% Fire Department 5,124,420 4,749,279 6,928,340 7,678,294 7,678,294 4,429,785 - 4,429,785 3,248,509 58% Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 8,006,904 - 8,006,904 5,871,729 58% Expenditures by Type Personnel Salaries & Wages 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 8,006,904 - 8,006,904 5,871,729 58% Fringe Benefits - - - - - - - - - - Total Personnel 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 8,006,904 - 8,006,904 5,871,729 58% Total Expenditures 10,248,840 9,498,558 13,856,681 13,878,633 13,878,633 8,006,904 - 8,006,904 5,871,729 58% Net Surplus / (Deficit) (1,050,110) 3,370,357 (987,765) (1,299,433) (1,299,433) (212,107) (212,107) Beginning Cash Balance 3,844,465 4,045,717 3,844,465 3,844,465 Cash Adjustments 1,251,363 (3,571,610) (70,698) - Ending Cash Balance 4,045,717 3,844,465 2,786,001 2,545,032 6,258,574 Cash Reserves Target - - - - Fund Purpose: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established in 2010 due to Indiana's property tax "circuit breaker" system that effectively limited property tax receipts. This fund can only be used to pay for Public Safety personnel wages and benefits. (Resolution 3980-09, Indiana Code IC 6-3.6-6-8) This fund receives the Public Safety portion of the City's Local Income Tax (LIT) revenue distribution. The City adopted a special income tax of one quarter of one percent (0.25%) to be used solely for the salaries of public safety positions that were formerly paid by property taxes. Local income tax revenue distributions are determined annually by the Indiana Dept of Local Government Finance (DLGF). Local income tax revenue is distributed by St. Joseph County monthly. Because this fund can only be used to pay for public safety personnel, the City budgets for the salaries and benefits for as many sworn police officers and firefighters as this fund’s revenue can support. This reduces the public safety personnel expenses in the General Fund (#101). This fund's cash balance has grown in recent years due to unanticipated supplemental income tax distributions; therefore, the City plans to spend down the excess cash during 2022. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Take Home Vehicle Fund Number 278 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 44,220 59,460 59,460 50,000 50,000 42,880 42,880 7,120 86% Interest Earnings 10,132 22,799 22,799 16,472 16,472 25,165 25,165 (8,693) 153% Total Revenue 54,352 82,259 82,259 66,472 66,472 68,045 68,045 (1,573) 102% Expenditures by Type Services & Charges Other Services & Charges - 1,040 - 50,000 50,000 - - - 50,000 0% Total Services & Charges - 1,040 - 50,000 50,000 - - - 50,000 0% Interfund Transfers Out - - - - - - - - - - Total Expenditures - 1,040 - 50,000 50,000 - - - 50,000 0% Net Surplus / (Deficit) 54,352 81,219 82,259 16,472 16,472 68,045 68,045 Beginning Cash Balance 698,546 681,823 698,546 698,546 Cash Adjustments (71,075) (64,496) (30,328) - Ending Cash Balance 681,823 698,546 750,477 715,018 1,009,142 Cash Reserves Target 750,000 750,000 750,000 750,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund charges police officers for liability insurance for take home police vehicles. Deductions from officers are made in accordance with an agreement with the Fraternal Order of Police (FOP). The agreement calls for the suspension of the deduction based on the price of gas and the balance of cash in this fund. The decrease in revenue is the result of suspending the payroll deduction for sworn officers as outlined in the agreement between the Police Department and the FOP. This fund receives revenue from interest earned on the fund's cash balance. As the fund's cash balance dips below the reserve requirement set by the FOP, the City anticipate the deduction will be increased. Expenditures are driven by the number of off duty accident claims. Claims have been minimal in this fund since it was created. Cash Reserves Target Set dollar amount of $750,000 This fund was established (ordinance 9919-09) to receive monies collected from South Bend Police Department Officers participating in the City's Take Home Vehicle Program. The City shall use all monies deposited into this fund to pay the costs and expenses associated with claims arising from use of program vehicles occurring while officers are not on duty. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Block Grants Fund Number 280 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2 - - - - - - - - Total Revenue 2 - - - - - - - - Expenditures by Type Interfund Transfers Out 4,165 - - - - - - - - - Total Expenditures 4,165 - - - - - - - - - Net Surplus / (Deficit) (4,162) - - - - - - Beginning Cash Balance 4,162 4,138 4,162 4,162 Cash Adjustments 4,138 24 (4,162) (4,162) Ending Cash Balance 4,138 4,162 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: This fund was established to track the revenue and expenditures related to specific federal grants for the Police Department. Historically, this fund received grant revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Federal grant revenue and expenditures for the Police Department will be tracked in Fund #220 going forward. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Fire Department Capital Fund Number 287 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - 75,000 75,000 - - 75,000 0% Charges for Services 1,972,044 2,031,836 2,031,836 2,108,162 2,108,162 1,329,572 1,329,572 778,590 63% Fines, Forfeitures, and Fees 47 26 26 - - - - - - Interest Earnings 25,176 29,370 29,370 17,452 17,452 49,594 49,594 (32,142) 284% Debt Proceeds 1,355,000 1,430,000 1,430,000 3,410,000 3,410,000 470,000 470,000 2,940,000 14% Other Income 35,574 - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 3,387,841 3,491,232 3,491,232 5,610,614 5,610,614 1,849,166 1,849,166 3,761,448 33% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Debt Service Principal 833,022 948,939 1,164,500 1,722,852 1,722,852 980,172 - 980,172 742,681 57% Debt Service Interest & Fees 29,449 45,632 48,835 246,545 246,545 76,601 - 76,601 169,944 31% Total Services & Charges 862,471 994,570 1,213,334 1,969,397 1,969,397 1,056,772 - 1,056,772 912,625 54% Capital 671,760 4,037,967 1,662,885 5,510,379 5,860,379 2,231,835 2,523,576 4,755,411 1,104,968 81% Interfund Transfers Out 748,656 752,356 746,961 751,199 751,199 591,000 - 591,000 160,199 79% Total Expenditures 2,282,888 5,784,893 3,623,181 8,230,975 8,580,975 3,879,608 2,523,576 6,403,184 2,177,792 75% Net Surplus / (Deficit) 1,104,953 (2,293,661) (131,949) (2,620,361) (2,970,361) (2,030,442) (4,554,018) Beginning Cash Balance 2,758,339 3,111,296 2,758,339 2,758,339 Cash Adjustments (751,995) 1,940,703 1,230,389 - Ending Cash Balance 3,111,296 2,758,339 3,856,779 (212,022) 814,907 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10339-14) to track capital expenditures of the South Bend Fire Department. Capital purchases include fire apparatuses, ambulances, and major construction projects. This fund is also used to repay debt issued for capital purchases and capital improvements, such as vehicle/equipment capital leases and bonds. In 2020, the interfund transfer from the EMS Operating Fund (#288) was replaced by payments from St Joseph County for the City providing EMS services. Revenue received from various grants for equipment or other capital is deposited here. This fund also receives revenue from interest earned on the fund's cash balance. Capital spending includes Fire Department fleet needs as well as updates and repair & maintenance to Fire Department facilities. To keep the fleet within a serviceable life span, generally the City aims to purchase 2 pumper trucks every 3 years and an aerial apparatus every 5 years. The City also purchases or refurbishes an ambulance each year. The Fire Department also uses this fund to replace necessary equipment such as self contained briefing apparatus (SCBA), cardiac monitors, and turnout gear. | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles and equipment purchased through 5-year capital leases.| Interfund Transfers Out includes transfers to debt service funds for principal and interest payments on two different bonds: 2013 EMS/Fire Station/Tower Bonds (final payment February 1, 2033, debt schedule #116) and 2018 General Obligation Bonds-Fire Station #9 (final payment January 15, 2038, debt schedule #168). Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Emergency Medical Services Operating Fund Number 288 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - - - - - - - - - Other Income - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Education & Training - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Bad Debt - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) - - - - - - - Beginning Cash Balance - 607,079 - - Cash Adjustments 607,079 (607,079) - - Ending Cash Balance 607,079 - - - - Cash Reserves Target - - - - Fund Purpose: This fund accounted for the expenditures of the Emergency Medical Services (EMS) program. This Fund captured personnel and operating expenses primarily for Emergency Medical Services division and reflected a portion of the cost associated with operating ambulances. Revenue received from EMS services was not sufficient to cover expenses. Keeping EMS in its own fund would require interfund transfers. Starting in 2020, EMS activities were moved to the General Fund (#101). Moving EMS revenue and expenditures into the General Fund simplified accounting. The transfer included the wages and benefits for 47 firefighters and 4 EMS billing personnel. Keeping firefighter EMS personnel in a separate budget proved impractical due to frequently changing assignments. EMS expenditures related to billing are accounted for in separate division in the General Fund. The remaining cash balance in Fund 288 was transferred to the General Fund (#101) during 2021. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Haz-Mat Fund Number 289 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 3,000 2,375 2,375 5,000 5,000 6,353 6,353 (1,353) 127% Interest Earnings 403 910 910 494 494 1,372 1,372 (878) 278% Other Income - - - - - - - - - Total Revenue 3,403 3,285 3,285 5,494 5,494 7,725 7,725 (2,231) 141% Expenditures by Type Supplies 200 - - 10,000 10,000 - - - 10,000 0% Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures 200 - - 10,000 10,000 - - - 10,000 0% Net Surplus / (Deficit) 3,203 3,285 3,285 (4,506) (4,506) 7,725 7,725 Beginning Cash Balance 28,102 27,937 28,102 28,102 Cash Adjustments (3,368) (3,120) (181) - Ending Cash Balance 27,937 28,102 31,206 23,596 62,402 Cash Reserves Target 50 - - 2,500 Fund Purpose: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7748-87) to account for the monies generated by the South Bend Fire Department's response to hazardous materials incidents. The monies accumulated in this fund may be expended for the replacement, repair, or purchase of Haz-Mat equipment, for training and supplies and to defray the expense of Haz-Mat related activities. There are no budgeted positions in this fund, responses are made by firefighters of the South Bend Fire Department. By ordinance, the South Bend Fire Department charges businesses for hazardous materials response. Funding is entirely dependent on the number of billable hazardous material responses in any given calendar year. This fund also receives revenue from interest earned on the fund's cash balance. In recent years, this fund has been used to purchase supplies for the Haz-Mat response team. No major expenditures are planned. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Indiana River Rescue Fund Number 291 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 125,805 149,173 149,173 90,000 90,000 69,615 69,615 20,385 77% Interest Earnings 5,011 12,217 12,217 9,152 9,152 15,562 15,562 (6,410) 170% Other Income - - - - - - - - - Total Revenue 130,816 161,390 161,390 99,152 99,152 85,177 85,177 13,975 86% Expenditures by Type Supplies 59,778 31,093 37,708 70,400 70,400 14,780 16,003 30,784 39,616 44% Services & Charges Professional Services - - - Printing & Advertising - 2,101 - 1,300 1,300 6,709 - 6,709 (5,409) 516% Education & Training 22,179 21,269 19,088 10,000 10,000 16,756 - 16,756 (6,756) 168% Travel - - - - - - - - - - Repairs & Maintenance 7,796 1,770 1,726 13,000 13,000 - - - 13,000 0% Other Services & Charges 575 289 2,441 - - 1,181 339 1,520 (1,520) - Total Services & Charges 30,550 25,429 23,255 24,300 24,300 24,646 339 24,984 (685) 103% Capital - 34,530 - - - - - - - - Total Expenditures 90,328 91,052 60,963 94,700 94,700 39,426 16,342 55,768 38,931 59% Net Surplus / (Deficit) 40,488 70,338 100,427 4,452 4,452 45,751 29,410 Beginning Cash Balance 360,311 330,404 360,311 360,311 Cash Adjustments (70,396) (40,430) (71,166) - Ending Cash Balance 330,404 360,311 389,572 364,764 615,648 Cash Reserves Target 22,582 22,763 15,241 23,675 Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 360311.48 This fund is used to account for the revenue from tuition fees for students attending the Indiana River Rescue School (IRRS) and the expenditures of that revenue. There are typically 2-4 schools a year, each a week in duration. The IRRS is administered by the South Bend Fire Department under the direction of the Special Operations Bureau. The majority of instructors are comprised of South Bend Firefighters and Conservation Officers from the IDNR. The 5 day school includes extensive field training on the St. Joseph River and its unique "L" shaped dam, and the East Race Waterway. The East Race Waterway is a 2000' run which winds through the heart of the city. It allows for realistic but controlled training in river rescue, what is now formally known as the premier training ground for "Swiftwater rescue." Class lectures will provide a background in theory and concepts that enables students to go directly to the water. Students become familiar with such equipment as inflatable boats, outboards, rescue ropes, rope rescue systems & necessary personal gear. Many of the teaching sites have actual accident histories. This fund collects tuition fees for students attending the Indiana River Rescue School. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the maintenance and repair of rescue equipment and supplies for river rescue training. No major expenditures are planned. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Grants Fund Number 292 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Interfund Transfers Out 26,716 - - - - - - - - - Total Expenditures 26,716 - - - - - - - - - Net Surplus / (Deficit) (26,716) - - - - - - Beginning Cash Balance 26,716 26,716 26,716 26,716 Cash Adjustments 26,716 - (26,716) - Ending Cash Balance 26,716 26,716 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the revenue and expenditures related to specific federal grants for the Police Department. Historically, this fund received grant revenue. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Federal grant revenue and expenditures for the Police Department will be tracked in Fund #220 going forward. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Regional Police Academy Fund Number 294 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - - - - - - - - Interest Earnings 83 - - - - - - - - Total Revenue 83 - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out 146,411 - - - - - - - - - Total Expenditures 146,411 - - - - - - - - - Net Surplus / (Deficit) (146,328) - - - - - - Beginning Cash Balance 146,328 125,984 146,328 146,328 Cash Adjustments 125,984 20,344 (146,328) (146,328) Ending Cash Balance 125,984 146,328 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7104-82) to account for revenues and expenditures related to the advancement of present and future police officers and funds the cost of course material and instructors at the South Bend Police Academy. This fund received revenue from the enforcement courses offered to other police departments who pay a fee to attend the training. Expenditures were for seminars, travel, lectures, and career days. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name COPS MORE Grant Fund Number 295 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 30 64 64 - - - - - - Other Income - - - - - - - - - Total Revenue 30 64 64 - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Interfund Transfers Out 24,566 - - - - - - - - - Total Expenditures 24,566 - - - - - - - - - Net Surplus / (Deficit) (24,536) 64 64 - - - - Beginning Cash Balance 45,349 73,474 45,349 45,349 Cash Adjustments 52,662 (28,190) (24,600) (45,349) Ending Cash Balance 73,474 45,349 20,813 - 20,876 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was originally established (7015-82) to track the Community Oriented Police Program but has been expanded to track other federal grants related to the Police Department. In recent years, this fund has also been used to track donations and their associated expenditures. This fund received revenue from various Federal and State Grants. The Community-Oriented Policing Services (COPS) Office of the Department of Justice offers grants through the Making Officer Redeployment Effective (MORE) program. This fund also received revenue from impound towing fees. Expenditures included grant related activities and grant funded purchases. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Federal Drug Enforcement Fund Number 299 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 98,333 155,023 155,023 80,000 80,000 38,358 38,358 41,642 48% Interest Earnings 1,002 3,289 3,289 4,926 4,926 1,473 1,473 3,453 30% Interfund Transfers In 19,000 - - - - - - - - Total Revenue 118,335 158,312 158,312 84,926 84,926 39,831 39,831 45,095 47% Expenditures by Type Supplies 34,145 - - 50,000 50,000 7,395 - 7,395 42,605 15% Services & Charges Professional Services 9,999 - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges 9,999 - - - - - - - - - Capital 15,835 75,609 - - - 14,920 - 14,920 (14,920) - Interfund Transfers Out - - - - - - - - - - Total Expenditures 59,979 75,609 - 50,000 50,000 22,315 - 22,315 27,685 45% Net Surplus / (Deficit) 58,356 82,703 158,312 34,926 34,926 17,516 17,516 Beginning Cash Balance 60,237 83,275 60,237 60,237 Cash Adjustments (35,319) (105,740) (99,956) - Ending Cash Balance 83,275 60,237 118,593 95,163 311,630 Cash Reserves Target 14,995 18,902 - 12,500 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to receive the Police Department's share of money acquired in Federal drug enforcement activity. Expenditures are to be used to fund drug enforcement and training. This fund's revenue stream is not a steady flow. It is dependent upon the processing and release of funds from the Fed for seized assets in drug activities. This fund also receives revenue from Expenditures are for replacement of police cars and for supplies related to drug enforcement and training. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2018 Fire Station #9 Bond Debt Service Fund Number 350 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Transfers In 344,156 342,856 342,856 344,656 344,656 174,000 174,000 170,656 50% Total Revenue 344,156 342,856 342,856 344,656 344,656 174,000 174,000 170,656 50% Expenditures by Type Services & Charges Debt Service Principal 210,000 215,000 220,000 230,000 230,000 230,000 - 230,000 - 100% Debt Service Interest & Fees 134,156 127,856 121,331 114,656 114,656 114,656 - 114,656 - 100% Total Services & Charges 344,156 342,856 341,331 344,656 344,656 344,656 - 344,656 - 100% Total Expenditures 344,156 342,856 341,331 344,656 344,656 344,656 - 344,656 - 100% Net Surplus / (Deficit) - - 1,525 - - (170,656) (170,656) Beginning Cash Balance - - - - Cash Adjustments - - (1,525) - Ending Cash Balance - - - - (170,656) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10590-18) to pay for the semi-annual payment of debt service principal and interest to the bondholders for the General Obligation Bonds, Series 2018 (debt schedule #168). The bonds were issued to fund the replacement of Fire Station #9 and addition of a classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. The par amount of the General Obligation Bonds, Series 2018 was $5,045,000 with a premium of $37,316. The bonds were closed on March 29, 2018 with a net interest rate of 3.065%. The capital expenditures of this bond are tracked in the 2018 Fire Station #9 Bond Capital Fund (#451). This fund receives interfund transfers from the Fire Department Capital Fund (#287) in the amount of the debt service payments. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2018 Fire Station #9 Bond Capital Fund Number 451 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 4,397 9,313 9,313 - - 8,992 8,992 (8,992) - Total Revenue 4,397 9,313 9,313 - - 8,992 8,992 (8,992) - Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 4,397 9,313 9,313 - - 8,992 8,992 Beginning Cash Balance 316,090 314,233 316,090 316,090 Cash Adjustments (6,254) (7,456) (5,951) - Ending Cash Balance 314,233 316,090 319,452 316,090 351,915 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the expenditures of the proceeds from the General Obligation Bonds, Series 2018. The bonds were issued to fund the replacement of Fire Station #9 and addition of a classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. Payment of debt service principal and interest to the bondholders is recorded in the 2018 Fire Station #9 Bond Debt Service Fund (#350). Bond issuance costs were recorded in this fund per Ordinance 10576-18 section VII-(a). The par amount of the General Obligation Bonds, Series 2018 was $5,045,000 with a premium of $37,316. The bonds were closed on March 29, 2018 with a net interest rate of 3.065%. The net Construction of Fire Station 9 was completed in 2019. The new station was constructed at the corner of Mishawaka Avenue and 21st Street and will house Engine 9, Medic 9, Boat 2, and accommodate up to seven assigned firefighters per day. The remaining bond capital proceeds will be used to construct an additional classroom building on the grounds of the Luther J Taylor Sr. Fire Training Center. It will be an approximately 3,000 square foot building and will house a rugged, divisible classroom with the capacity for 100 personnel and additional training props and storage areas. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Fire Pension Fund Number 701 Fund Type Pension Trust Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 4,061,778 4,063,376 4,063,376 4,600,000 4,600,000 1,962,469 1,962,469 2,637,531 43% Interest Earnings 6,207 10,004 10,004 - - 1,758 1,758 (1,758) - Other Income 5,728 2,166 2,166 - - 7,191 7,191 (7,191) - Total Revenue 4,073,713 4,075,547 4,075,547 4,600,000 4,600,000 1,971,418 1,971,418 2,628,582 43% Expenditures by Type Personnel Salaries & Wages 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 2,363,046 - 2,363,046 2,142,501 52% Total Personnel 4,122,958 4,038,647 3,980,374 4,505,547 4,505,547 2,363,046 - 2,363,046 2,142,501 52% Supplies - 93 - 100 100 - - - 100 0% Services & Charges Professional Services 8,767 3,825 3,500 18,900 18,900 4,178 3,500 7,678 11,222 41% Travel - - - 350 350 - - - 350 0% Other Services & Charges 1,182 1,186 1,300 1,400 1,400 717 - 717 683 51% Total Services & Charges 9,949 5,011 4,800 20,650 20,650 4,895 3,500 8,395 12,255 41% Total Expenditures 4,132,907 4,043,751 3,985,174 4,526,297 4,526,297 2,367,941 3,500 2,371,441 2,154,856 52% Net Surplus / (Deficit) (59,194) 31,796 90,373 73,703 73,703 (396,523) (400,023) Beginning Cash Balance 420,180 453,561 420,180 420,180 Cash Adjustments 92,575 (65,177) (150,475) - Ending Cash Balance 453,561 420,180 360,078 493,883 (54,137) Cash Reserves Target 413,291 404,375 398,517 452,630 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the 1925 & 1937 pension plans for retired South Bend firefighters and receives reimbursement from the State of Indiana. "Pension relief" payments from the Indiana Public Retirement System (INPRS) are an actuarial estimate of the current budget year's payments and an adjustment of the prior budget year's estimate to the actual payments made during the prior year, including certain administrative costs. Payments are typically received in June and September. This fund can have a negative cash balance when it is waiting to be reimbursed by the State. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the pension payments to retired firefighters or surviving spouses and for death benefits paid out. Retiree health insurance payments are not paid through this fund; this cost is not reimbursed by the state. Retiree health payments are paid through the regular Fire Department budget in the General Fund (#101). Cash Reserves Target 10% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police Pension Fund Number 702 Fund Type Pension Trust Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 6,010,721 5,984,746 5,984,746 6,000,000 6,000,000 3,031,065 3,031,065 2,968,936 51% Interest Earnings 9,558 14,162 14,162 190,000 190,000 2,739 2,739 187,261 1% Other Income 1,527 - - 2,000 2,000 - - 2,000 0% Total Revenue 6,021,806 5,998,908 5,998,908 6,192,000 6,192,000 3,033,804 3,033,804 3,158,197 49% Expenditures by Type Personnel Salaries & Wages 5,960,160 6,105,589 6,048,550 5,999,549 5,999,549 3,613,537 - 3,613,537 2,386,012 60% Total Personnel 5,960,160 6,105,589 6,048,550 5,999,549 5,999,549 3,613,537 - 3,613,537 2,386,012 60% Supplies - - - - - - - - - - Services & Charges Professional Services 3,500 3,500 3,500 10,000 10,000 3,500 3,500 7,000 3,000 70% Travel - - - 500 500 - - - 500 0% Other Services & Charges 999 1,116 1,121 1,400 1,400 679 - 679 721 48% Total Services & Charges 4,499 4,616 4,621 11,900 11,900 4,179 3,500 7,679 4,221 65% Total Expenditures 5,964,659 6,110,205 6,053,170 6,011,449 6,011,449 3,617,716 3,500 3,621,216 2,390,233 60% Net Surplus / (Deficit) 57,147 (111,297) (54,263) 180,551 180,551 (583,912) (587,412) Beginning Cash Balance 560,923 566,569 560,923 560,923 Cash Adjustments (51,500) 105,651 109,855 - Ending Cash Balance 566,569 560,923 616,515 741,474 (45,948) Cash Reserves Target 596,466 611,020 605,317 601,145 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the 1925 & 1937 pension plans for retired South Bend police officers and receives reimbursement from the State of Indiana. "Pension relief" payments from the Indiana Public Retirement System (INPRS) are an actuarial estimate of the current budget year's payments and an adjustment of the prior budget year's estimate to the actual payments made during the prior year, including certain administrative costs. Payments are typically received in June and September. This fund can have a negative cash balance when it is waiting to be reimbursed by the State. This fund also receives revenue from interest earned on the fund's cash balance. Expenditures are for the pension payments to retired police officers or surviving spouses and for death benefits paid out. Retiree health insurance payments are not paid through this fund; this cost is not reimbursed by the state. Retiree health payments are paid through the regular Police Department budget in the General Fund (#101). Cash Reserves Target 10% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Police K-9 Unit Fund Number 705 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1 - - - - - - - - Donations - - - - - - - - - Total Revenue 1 - - - - - - - - Expenditures by Type Interfund Transfers Out 2,436 - - - - - - - - - Total Expenditures 2,436 - - - - - - - - - Net Surplus / (Deficit) (2,435) - - - - - - Beginning Cash Balance 2,435 2,420 2,435 2,435 Cash Adjustments 2,420 14 (2,435) (2,435) Ending Cash Balance 2,420 2,435 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: This fund was established (ordinance 7945-88) to account for donations for the Police K-9 unit and track expenditures of those funds. This fund received donations for the Police K-9 unit. In recent years, there have been no donations. The donations are to be spent on supplies or services directly related to the Police K-9 unit. In 2022, the cash balance in this fund will be transferred into the Law Enforcement Continuing Education Fund (#220) and this fund will be discontinued. Revenues and expenses previously accounted for in this fund will be accounted for in Fund #220. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Parks & Recreation Fund Number 201 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 10,742,492 11,441,107 11,441,107 12,564,386 12,564,386 7,084,535 7,084,535 5,479,851 56% Intergov./ Shared Revenues 427,491 861,197 861,197 1,138,013 1,138,013 391,971 391,971 746,042 34% Intergov./ Grants - 135,000 135,000 - - - - - - Licenses & Permits 348 289 289 360 360 741 741 (381) 206% Charges for Services 3,503,012 3,171,541 3,171,541 3,525,304 3,525,304 2,151,458 2,151,458 1,373,846 61% Fines, Forfeitures, and Fees 24 - - - - - - - - Interest Earnings 37,004 130,670 130,670 107,060 107,060 202,006 202,006 (94,946) 189% Debt Proceeds 1,290,000 - - 1,347,128 1,347,128 1,347,128 1,347,128 - 100% Donations 640,929 1,447,300 1,447,300 6,000 6,000 1,003,500 1,003,500 (997,500) 16725% Other Income 336,986 240,432 240,432 117,264 117,264 53,334 53,334 63,930 45% Interfund Transfers In 119,221 5,372,562 5,372,562 4,100,000 4,100,000 3,500,000 3,500,000 600,000 85% Total Revenue 17,097,508 22,800,098 22,800,098 22,905,515 22,905,515 15,734,672 15,734,672 7,170,842 69% Expenditures by Division Community Initiatives - 1,280,884 1,381,901 1,890,987 2,488,333 760,316 148,282 908,598 1,579,736 37% Park Administration 1,068,419 1,000,988 1,118,726 1,247,099 1,247,099 630,180 42,127 672,308 574,791 54% Park Maintenance 7,955,421 9,494,446 9,447,125 13,239,916 13,737,591 5,616,268 2,644,140 8,260,408 5,477,183 60% Golf Courses 1,975,148 2,215,416 2,263,706 3,017,963 3,017,963 1,274,752 122,533 1,397,285 1,620,678 46% Recreational Experiences 2,294,300 2,376,955 2,368,544 2,480,875 2,408,439 1,138,926 77,574 1,216,500 1,191,939 51% Community Programming 1,219,796 1,331,326 1,470,796 2,432,207 1,834,201 929,548 13,083 942,630 891,571 51% Development & Promotions 1,068,863 1,069,187 1,145,069 2,500,744 2,607,534 974,035 257,429 1,231,464 1,376,071 47% - - - 1,383,913 1,964,942 669,045 89,973 759,018 1,205,925 39% Park Projects & Capital 485,729 838,269 3,136,902 6,048,718 6,548,718 3,136,229 1,343,115 4,479,344 2,069,374 68% Potawatomi Zoo 701,803 602,174 403,422 353,422 353,422 351,996 - 351,996 1,426 100% Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 36,208,244 15,481,294 4,738,256 20,219,550 15,988,694 56% Expenditures by Type Personnel Salaries & Wages 6,158,855 7,098,989 7,444,862 9,985,734 10,471,044 4,928,260 - 4,928,260 5,542,785 47% Fringe Benefits 2,100,307 2,297,681 2,308,066 3,102,125 2,794,627 1,334,983 2,512 1,337,495 1,457,132 48% Total Personnel 8,259,162 9,396,670 9,752,928 13,087,859 13,265,671 6,263,243 2,512 6,265,754 6,999,917 47% Supplies 1,591,115 1,611,704 1,693,141 2,157,670 2,146,070 1,009,152 226,457 1,235,609 910,461 58% Services & Charges Professional Services 195,731 565,516 728,640 925,240 744,013 296,671 195,834 492,505 251,508 66% Printing & Advertising 409,687 631,575 711,844 1,449,456 1,551,746 559,710 228,941 788,652 763,094 51% Utilities 942,839 914,400 880,167 1,066,550 1,066,550 605,130 - 605,130 461,420 57% Education & Training 22,292 96,883 28,604 72,720 74,000 25,930 17,578 43,508 30,492 59% Travel 19,192 16,085 42,707 55,223 54,523 5,619 13,415 19,034 35,489 35% Grants & Subsidies 715,000 1,058,200 644,426 615,000 615,000 389,874 87,700 477,574 137,426 78% Other Services & Charges 881,498 680,718 613,394 1,021,244 965,055 353,646 171,688 525,333 439,721 54% Debt Service Principal 379,954 462,762 389,972 802,624 802,624 337,077 - 337,077 465,547 42% Debt Service Interest & Fees 23,547 56,745 69,749 123,072 123,072 32,368 - 32,368 90,704 26% Total Services & Charges 4,190,681 5,443,231 5,158,695 7,134,094 7,102,048 3,010,407 860,842 3,871,249 3,230,799 55% Operating Expenditures 14,040,958 16,451,604 16,604,764 22,379,623 22,513,789 10,282,801 1,089,811 11,372,612 11,141,177 51% Capital 896,973 1,807,647 3,947,232 9,853,669 11,331,701 3,818,389 3,648,445 7,466,833 3,864,868 66% Bad Debt 1,100 240 160 - - 150 - 150 (150) - 5,865,858 Interfund Interfund Allocations 1,830,448 1,950,153 2,184,034 2,362,554 2,362,754 1,379,954 - 1,379,954 982,799 58% Interfund Transfers Out - - - - - - - - - - Total Interfund 1,830,448 1,950,153 2,184,034 2,362,554 2,362,754 1,379,954 - 1,379,954 982,799 58% Total Expenditures 16,769,479 20,209,644 22,736,190 34,595,846 36,208,244 15,481,294 4,738,256 20,219,550 15,988,694 56% Net Surplus / (Deficit) 328,028 2,590,454 63,908 (11,690,331) (13,302,728) 253,378 (4,484,878) Beginning Cash Balance 5,865,858 4,156,004 5,865,858 5,865,858 Cash Adjustments (2,037,882) (880,601) 294,143 - Ending Cash Balance 4,156,004 5,865,858 6,223,909 (7,436,871) 9,765,313 Cash Reserves Target 4,192,370 5,052,411 5,684,048 9,052,061 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the operation of the Parks & Recreation side of the Department of Venues, Parks & Arts (VPA). Its purpose is to provide quality spaces, places, and experiences within the City. There are several operational divisions within the department: Administration, Maintenance, Golf Courses, Recreational Experiences, Community Programming, and Development & Promotions. This fund's main source of revenue is property taxes. This fund also receives auto excise and commercial vehicle excise tax (intergovernmental shared revenues). Additional revenue is derived from charges for services such as pavilion rental, golf course fees, concessions, and fees for camps, leagues, fitness centers, and special events. In 2019, this fund received a donation of $450,000 from the Pokagon Band of the Potawatomi. It will be received annually through 2023. The Regional Cities Grant of $5 million dollars was completed in 2020. Interfund transfers from the Local Income Tax Certified Shares Fund (#404) help subsidize operations. Personnel - From 2021 to 2022, several personnel accounting changes will be made to better assign personnel costs to the divisions for which the employees serve (see the Personnel Summary for more details). | Accounting Changes - Prior to 2022, the Recreation Division's budget accounted for the activities of recreational experiences and community programming. In 2022, the activities of community programming will be split out into a separate division budget. Community programming includes the costs for running the City-owned community centers managed by VPA. The Recreation Division will be renamed Recreational Experiences and its budget will include the costs for operating the O'Brien Fitness Center, Howard Park, along with VPA's athletics and aquatics activities. | Capital - In 2019 and 2020, capital expenditures reflect the use of the Regional Cities, Leighton Foundation, and Pokagon Band funds for the Howard Park renovation project. The decrease in capital expenditures reflects the substantial completion of the Howard Park renovation project and the use of the noted grants and donations. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Morris PAC / Palais Royale Marketing Fund Number 273 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - - - - - - - - Interest Earnings 43 - - - - - - - - Donations - - - - - - - - - Total Revenue 43 - - - - - - - - Expenditures by Type Services & Charges Printing & Advertising - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out 74,852 - - - - - - - - - Total Expenditures 74,852 - - - - - - - - - Net Surplus / (Deficit) (74,809) - - - - - - Beginning Cash Balance 74,809 76,521 74,809 74,809 Cash Adjustments 76,521 (1,712) (74,809) (74,809) Ending Cash Balance 76,521 74,809 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9768-07) as a separate, non-reverting fund to receive monies from solicitation of funds for commercial promotion sponsorships such as commercial ads on ticket envelopes and Morris Marquee sponsorships; and to accept donations to the Morris Performing Arts Center and Palais Royale. All sums so collected and deposited in this fund are to be used for the sole purpose of assisting with continued promotions of and within both the Morris Performing Arts Center and Palais Royale. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The revenue and expenditures previously accounted for in this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602) and the remaining cash balance in this fund will be transferred to the new fund. Revenue for this fund was collected through donations and sponsorships. This fund also received revenue from interest earned on the fund's cash balance. Expenditures were for advertisements and promotional services. The City advertised on the local area digital billboards, but also secured sponsorships to help fund the advertising displayed on them. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Morris PAC Self-Promotion Fund Number 274 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services - - - - - - - - - Interest Earnings 150 - - - - - - - - Total Revenue 150 - - - - - - - - Expenditures by Type Services & Charges Printing & Advertising - - - - - - - - - - Total Services & Charges - - - - - - - - - - Interfund Transfers Out 264,160 - - - - - - - - - Total Expenditures 264,160 - - - - - - - - - Net Surplus / (Deficit) (264,010) - - - - - - Beginning Cash Balance 264,010 225,432 264,010 264,010 Cash Adjustments 225,432 38,578 (264,010) (264,010) Ending Cash Balance 225,432 264,010 - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10569-17) to account for the revenue and expenditures related to events and activities that the Morris Performing Arts Center self-promotes or self-sponsors. In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The revenue and expenditures previously accounted for in this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602) and the remaining cash balance in this fund will be transferred to the new fund. This fund received revenue from a ticket surcharge. The ticket surcharge fee is $3.50 per ticket sold: $1.50 deposited into the General Fund (#101), $1.00 deposited into Morris PAC Self-Promotion Fund (#274), and $1.00 deposited into Morris PAC Capital Fund (#416). This fund also received revenue from interest earned on the fund's cash balance. Expenditures were for marketing and advertising for the Morris Performing Arts Center. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2017 Parks Bond Debt Service Fund Number 312 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 1,149,510 1,080,710 1,080,710 1,140,000 1,140,000 614,421 614,421 525,579 54% Intergov./ Shared Revenues 32,012 54,790 54,790 61,490 61,490 21,109 21,109 40,381 34% Interest Earnings 253 438 438 - - 1,747 1,747 (1,747) - Total Revenue 1,181,774 1,135,939 1,135,939 1,201,490 1,201,490 637,277 637,277 564,213 53% Expenditures by Type Services & Charges Debt Service Principal 830,000 865,000 890,000 920,000 920,000 920,000 - 920,000 - 100% Debt Service Interest & Fees 339,365 314,165 287,990 261,215 261,215 261,215 - 261,215 - 100% Total Services & Charges 1,169,365 1,179,165 1,177,990 1,181,215 1,181,215 1,181,215 - 1,181,215 - 100% Total Expenditures 1,169,365 1,179,165 1,177,990 1,181,215 1,181,215 1,181,215 - 1,181,215 - 100% Net Surplus / (Deficit) 12,409 (43,226) (42,051) 20,275 20,275 (543,938) (543,938) Beginning Cash Balance 184,163 187,578 184,163 184,163 Cash Adjustments (8,995) 39,812 54,460 - Ending Cash Balance 187,578 184,163 196,572 204,438 (374,109) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10580-18) to collect a separate property tax levy that 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 (debt schedule #165). The par amount of the 2017 Park District Bonds, Series A-K was $14,075,000. The bonds were closed on December 20, 2017 and have a net interest rate of 3.056%. The net proceeds after bond issuance costs were $13,715,350. This amount was deposited into the 2017 Parks Bond Capital Fund (#471) to be used towards the approved capital projects. This fund receives property tax revenue (distributions received in June and December) from a levy that was previously collected in Fund #313 for the College Football Hall of Fame debt service (final payment February 1, 2018). This fund also receives a small portion of auto excise and commercial vehicle excise tax. The bonds are to be repaid over 15 with with debt service payments due on January 15 and July 15 and the final payment due January 15, 2033. Property taxes are assumed to come in to cover the debt service payments through the life of the bond. Capital expenditures related to this bond are tracked in the 2017 Parks Bond Capital Fund (#471). Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Coveleski Stadium Capital Fund Number 401 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 21,182 31,611 31,611 31,611 31,611 - - 31,611 0% Interest Earnings 25 111 111 - - 420 420 (420) - Interfund Transfers In - - - - - - - - - Total Revenue 21,207 31,722 31,722 31,611 31,611 420 420 31,191 1% Expenditures by Type Services & Charges Repairs & Maintenance 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0% Total Services & Charges 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0% Capital - - - - - - - - - - Total Expenditures 17,784 33,159 21,613 30,000 30,000 - - - 30,000 0% Net Surplus / (Deficit) 3,422 (1,437) 10,109 1,611 1,611 420 420 Beginning Cash Balance 814 11,685 814 814 Cash Adjustments 7,448 (9,433) (6,697) - Ending Cash Balance 11,685 814 4,226 2,425 23,843 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7492-85) to account for minor capital improvements for Four Winds Field at Coveleski Stadium, located in downtown South Bend. The fund is administered by the Department of Venues, Parks & Arts. Revenues are in the form of compensation received by the City based on stadium attendance. Planned expenditures are for painting, landscaping, and mechanical upgrades. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Professional Sports Convention Development Area Fund Number 413 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 2,082,741 2,055,414 2,055,414 2,800,000 2,800,000 2,723,089 2,723,089 76,911 97% Interest Earnings 14,387 15,005 15,005 - - 106,667 106,667 (106,667) - Total Revenue 2,097,128 2,070,419 2,070,419 2,800,000 2,800,000 2,829,756 2,829,756 (29,756) 101% Expenditures by Type Services & Charges Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Interfund Transfers Out - - 4,020,000 - - - - - - - Total Services & Charges - - 4,020,000 - - - - - - - Capital 1,121,352 3,568,457 147,772 218,646 218,646 157,923 25,723 183,646 35,000 84% Interfund Transfers Out 157,923 25,723 183,646 (183,646) - Total Expenditures 1,121,352 3,568,457 4,167,772 218,646 218,646 157,923 25,723 367,292 (148,646) 168% Net Surplus / (Deficit) 975,776 (1,498,038) (2,097,353) 2,581,354 2,581,354 2,671,833 (25,723) 2,462,464 Beginning Cash Balance 775,632 - 775,632 775,632 Cash Adjustments (1,751,408) 2,273,670 2,788,023 - Ending Cash Balance - 775,632 1,466,302 3,356,985 5,246,037 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances:=SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established in 2021 (Resolution 4917-21) to account for the reinstatement of the Professional Sports Convention Development Area (PSCDA) in downtown South Bend. The PSCDA was originally established in 1997 (Resolution 2519-97) to fund debt service and improvements at the College Football Hall of Fame. The City received PSCDA tax revenue for the original area from January 1998 through December 2017. The original PSCDA included the College Football Hall of Fame, Century Center, Four Winds Field at Stanley Coveleski Stadium, Morris Performing Arts Center, Palais Royale Ballroom, and the Studebaker National Museum. The revised PSCDA expanded the tax area, adding the Aloft Hotel, the Courtyard by Marriott South Bend, Downtown, the Doubletree Hotel, Howard Park including its Community Center and the Howard Park Public House, and the campus of Indiana University South Bend. The Indiana Department of Revenue collects a portion of state sales tax and income taxes (covered taxes) generated in the professional sports convention development area (PSCDA). The taxes are remitted on a monthly basis to St. Joseph County which remits it to the City of South Bend. The maximum amount of covered taxes that may be captured in the PSCDA is $2 million per year per IC 36-7-31.8-10(e). The allocation provisions shall expire July 1, 2041. Because this is a new source of tax revenue, the City is budgeting conservatively at $1.5 million per year. The PSCDA tax revenue shall be used for capital improvements or financing of capital improvements for any facility that is owned by the City and is used as one of the following: a professional sports franchise for practice or competitive sporting events, a facility used principally for convention or tourism related events, a museum, a facility used for public attractions of national significance, a performing arts venue (IC 36-7-31.38-8 (a)(2)). Initially, the City plans to use the PSCDA to fund capital improvements at Four Winds Field at Coveleski Stadium in downtown South Bend, a baseball stadium for the South Bend Cubs minor league baseball team. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Morris Performing Arts Center Capital Fund Number 416 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues - - - - - - - - - Charges for Services - - - - - - - - - Interest Earnings 8,138 307 307 - - 123,101 123,101 (123,101) - Reimbursements - 378,872 378,872 - - - - - - Debt Proceeds 6,501,890 - - - - - - - - Intergov./State Grants - - - - - - - - - Interfund Transfers In - - - - - - - - - Donations from Private Sources - - - - - - Total Revenue 6,510,028 379,179 379,179 - - 123,101 123,101 (123,101) - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services 30,000 - - - - - - - - - Printing & Advertising - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Debt Service Interest & Fees 359,274 - - - - - - - - - Total Services & Charges 389,274 - - - - - - - - - Capital 6,810,900 1,440,954 1,493,326 6,692,686 6,692,686 6,274,565 418,092 6,692,658 28 100% Total Expenditures 7,200,174 1,440,954 1,493,326 6,692,686 6,692,686 6,274,565 418,092 6,692,658 28 100% Net Surplus / (Deficit) (690,145) (1,061,775) (1,114,147) (6,692,686) (6,692,686) (6,151,465) (6,569,557) Beginning Cash Balance 1,912,926 203,098 1,912,926 1,912,926 Cash Adjustments (1,019,683) 2,771,603 569,331 - Ending Cash Balance 203,098 1,912,926 1,368,110 (4,779,760) 216,270 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 7292-84) to receive monies to be used solely for the purpose of renovating, remodeling, or otherwise improving the facilities of the Morris Performing Arts Center (MPAC). The Morris Performing Arts Center was re-opened in 2000 - Many of the assets throughout the building are coming to an end of their useful life and need replacement. The theatrical equipment is outdated and needs to be upgraded to meet the requirements of the performances / acts renting the facility. In 2022, the City issued bonds to fund capital improvement projects at the Morris. The South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2022 were closed on March 2, 2022 with a par amount of $6,395,000 and a premium of $106,890. The net proceeds after bond issuance costs were $6.1 million. The bonds have a net interest rate of 3.064%. The bonds are backed by hotel/motel tax revenue. The Hotel/Motel Tax Board pledged 0.50% of hotel/motel tax revenue towards the repayment of the bonds. The bonds will be repaid over a period of 25 years with the first debt service payment due on August 1, 2022 and the final payment due on February 1, 2046. Debt service payments are tracked in the South Bend Redevelopment Authority Debt Service Fund (#752). Prior to 2022, this fund received revenue from a ticket surcharge fee of $1.00 per ticket sold at the Morris Performing Arts Center for qualified events (ordinance 9094-00). In 2022, the Morris Performing Arts Center's operations will be moved into an enterprise fund due to the nature of the Morris' activities. The ticket surcharge revenue previously deposited into this fund will be moved to the newly created Morris Performing Arts Center Operations Fund (#602). This fund also receives revenue from interest earned on the fund's cash balance. In 2020, $175,579 was transferred from the General Fund (#101) to help fund the Morris ceiling repair. The Morris is celebrating its 100 year anniversary in 2022 and is planning for major renovations consisting of certain energy savings improvements, renovations to the floor and seating, and other improvements. Funding will be provided by donations to be raised by the Venues, Parks & Arts Foundation. Additionally, the City issued revenue bonds to help fund the capital improvements. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Palais Royale Historic Preservation Fund Number 450 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 14,235 15,594 15,594 16,000 16,000 10,895 10,895 5,105 68% Interest Earnings 1,417 3,450 3,450 2,512 2,512 4,020 4,020 (1,507) 160% Total Revenue 15,653 19,044 19,044 18,512 18,512 14,915 14,915 3,598 81% Expenditures by Type Services & Charges Repairs & Maintenance - - - 10,000 10,000 - - - 10,000 0% Total Services & Charges - - - 10,000 10,000 - - - 10,000 0% Capital - - - - - - - - - - Total Expenditures - - - 10,000 10,000 - - - 10,000 0% Net Surplus / (Deficit) 15,653 19,044 19,044 8,512 8,512 14,915 14,915 Beginning Cash Balance 93,481 80,911 93,481 93,481 Cash Adjustments (28,223) (6,473) (3,739) - Ending Cash Balance 80,911 93,481 108,786 101,994 163,205 Cash Reserves Target - - - - Fund Purpose: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9706-06) for the sole purpose of assisting with the continued historic preservation, maintenance and repair of the Palais Royale building and related facilities. This fund receives a 2% percent historic preservation charge assessed on all services provided in connection with the use and rental of Palais Royale facilities from functions held at the Palais (excluding fund raising events presented by not-for-profits). This fund also receives revenue from interest earned on the fund's cash balance. Repairs/improvements needed include wall repairs (interior and exterior), including painting, light fixtures, etc. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Zoo Bond Capital Fund Number 453 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 205 122 122 - - - - - - Debt Proceeds 5,891,800 - - - - - - - - Total Revenue 5,892,006 122 122 - - - - - - Expenditures by Type Services & Charges Debt Service Interest & Fees 318,188 - - - - - - - - - Total Services & Charges 318,188 - - - - - - - - - Capital 1,105,985 4,467,955 0 - - - - - - - Total Expenditures 1,424,173 4,467,955 0 - - - - - - - Net Surplus / (Deficit) 4,467,833 (4,467,833) 122 - - - - Beginning Cash Balance - - - - Cash Adjustments (4,467,833) 4,467,833 4,467,711 - Ending Cash Balance - - 4,467,833 - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund accounts for the expenditures of the bond proceeds from the Economic Development Lease Rental Revenue Bonds, Series 2022. The bonds were issued to fund a variety of projects in furtherance of the Potawatomi Zoo's 30-year master plan. The Hotel/Motel Tax Board pledged 0.50% of hotel/motel tax revenue towards the repayment of the bonds. The bonds will be repaid over a period of 20 years with the first debt service payment due on August 1, 2022 and the final payment due on February 1, 2042. Debt service payments are tracked in the South Bend Building Corporation Debt Service Fund (#755). Previously this fund was used to track the expenditures of the proceeds from the Economic Development Revenue Bonds, Series 2018. The bonds were issued to fund capital improvements at the Zoo, including a modernized visitor center and various deferred maintenance improvements throughout the Zoo. The 2018 bond capital proceeds were fully spent in 2020. The 2022 Zoo bonds were closed on March 2, 2022 with a par amount of $5,715,000 and a premium of $176,800. The net proceeds after bond issuance costs were $5,550,000. The bonds have a net interest rate of 2.718%. The 2018 Zoo bonds were closed on November 1, 2018 with a par amount of $3,440,000 and a premium of $346,189. The net proceeds after bond issuance costs were $3,702,814. The bonds have a net interest rate of 3.78%. The 2022 bonds were issued to finance the costs of the construction, expansion, renovation, equipping, furnishing and improving the Potawatomi Zoo, located at 500 Greenlawn Avenue, including the following: (i) the renovation, construction and equipping of a new lion habitat to include new rock facade, new fencing and a new visitor viewing area; (ii) the construction, equipping and furnishing of a new concession and dining facility in the North American portion of the Zoo, permitting visitors to view a newly constructed black bear habitat which will permit the introduction of a new species for the Zoo; (iii) replacement of the existing corporate and family picnic area with a new covered pavilion along with a new kitchen area and new fencing, pathways and storage areas; (iv) renovation of the North American animal habitats to meet modern Zoo standards including without limitation the construction and equipping of a new holding barn in the center and the installation of new fencing and habitat esthetics; and (v) the construction and equipping of a new tiger habitat to meet current accreditation standards for zoos which will include the construction of a new, modern habitat within a portion of Potawatomi Park land not currently being utilized by the Zoo. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2017 Parks Bond Capital Fund Number 471 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 45,200 43,384 43,384 134 134 20,011 20,011 (19,877) 14984% Total Revenue 45,200 43,384 43,384 134 134 20,011 20,011 (19,877) 14984% Expenditures by Series Supported by Interest Earned - - - - - - - - - - Series A - Howard Park - - - - - - - - - - Series B - St. Louis Street 21,539 3,881 - - - - - - - - Series C - Colfax-Seitz 189,497 672 - - - - - - - - Series D - Howard-Farmers - 2,816 - - - - - - - - Series E - Miami-Twyckenham 8,218 15,000 - 10,000 10,000 - - - 10,000 0% Series F - Seitz Park 1,085,400 2,565 - - - - - - - - Series G - East Race 543,907 465,962 267,485 - - - - - - - Series H - Pinhook Park 26,051 57,555 42,067 1 1 - - - 1 0% Series I - Other Park Improv. 13,778 44,749 55,602 11,624 11,624 - - - 11,624 0% Series J - Pinhook Connect 1,263 4,403 - 35,191 35,191 14,004 15,370 29,374 5,817 83% Series K - Future Projects 304,899 182,721 10,000 402,005 402,005 - 975 975 401,030 0% Total Expenditures 2,194,553 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,472 7% Expenditures by Type Services & Charges Professional Services 6,414 - - - - - - - - - Total Services & Charges 6,414 - - - - - - - - - Capital 2,188,139 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,473 7% Total Expenditures 2,194,553 780,322 375,154 458,822 458,822 14,004 16,345 30,349 428,473 7% Net Surplus / (Deficit) (2,149,352) (736,938) (331,770) (458,688) (458,688) 6,007 (10,338) Beginning Cash Balance 4,259,726 5,926,118 4,259,726 4,259,726 Cash Adjustments 3,815,744 (929,453) (1,340,045) - Ending Cash Balance 5,926,118 4,259,726 2,587,911 3,801,038 627,384 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund was established per the bond agreement in order to track the capital expenditures of the 2017 Park District Bonds, Series A-K. The bonds were issued to fund certain improvements in connection with the MY SB Parks & Trails initiative. The bonds will be repaid over a period of 15 years with the first debt service payment due on July 15, 2018 and the final payment due on January 15, 2033. Debt service payments are tracked in the 2017 Parks Bond Debt Service Fund (#312). The par amount of the bonds was $14,075,000. The bond closing date was December 20, 2017. Net proceeds after bond issuance costs were deposited into this fund in the amount of $13,856,100. This fund also receives revenue from interest earned on the fund's cash balance. These are the various projects: Series A - Howard Park riverfront promenade, storm water habitat area | Series B - St. Louis Street parking and street upgrades (Howard Park) | Series C - Riverfront trail upgrades - Colfax to Seitz Park | Series D - Riverfront trail upgrades - Howard Park to Farmer's Market | Series E - Riverfront trail upgrades - Miami to Twyckenham | Series F - Riverfront trail upgrades - Seitz Park to Howard Park, Seitz Park parking | Series G - Seitz Park - AM General parking and plaza area, East Race promenade and bridge | Series H - Pinhook Park pavilion upgrade, reconnect river flow to lagoon, playground and site improvements | Series I - Other Park Improvements - Park security, lighting, and storage - Restrooms modernization & ADA compliance | Series J - Pinhook Park neighborhood connectivity | Series K - Future Projects - park acquisitions, partnerships, and build-outs City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Parking Garages Fund Number 601 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 778,176 842,422 842,422 859,619 859,619 707,999 707,999 151,620 82% Fines, Forfeitures, and Fees 47,241 69,839 69,839 70,000 70,000 76,740 76,740 (6,740) 110% Interest Earnings 11,309 22,813 22,813 4,985 4,985 6,202 6,202 (1,217) 124% Other Income 3,404 - - - - 4,536 4,536 (4,536) - Interfund Transfers In - - - - - - - - - Total Revenue 840,130 935,075 935,075 934,604 934,604 795,476 795,476 139,127 85% Expenditures by Subdivisions Parking Enforcement 607 80,623 168,856 - 156,300 217,937 71,652 289,589 (133,289) 185% Parking General Operations 406,178 585,441 92,666 177,898 168,490 100,694 15,843 116,537 51,954 69% Main Street Garage 180,396 210,216 324,283 234,334 216,301 168,090 39,322 207,411 8,890 96% Leighton Plaza Garage 164,397 231,288 332,274 242,086 223,453 122,904 76,927 199,831 23,622 89% Wayne Street Garage 140,760 154,644 309,177 199,776 206,088 248,537 20,577 269,113 (63,025) 131% Eddy St Commons Garage - - 3,704 - - 49,330 - 49,330 (49,330) - Wayne West Garage - - 30,189 224,157 181,979 133,767 9,758 143,525 38,454 79% Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,152,612 1,041,257 234,079 1,275,336 (122,724) 111% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 286,156 197,293 479,194 684,779 4 105,371 - 105,371 (105,367) -2422230% Total Personnel 286,156 197,293 479,194 684,779 4 105,371 - 105,371 (105,367) -2422230% Supplies 22,310 29,259 40,114 61,609 67,209 38,499 - 38,499 28,711 57% Services & Charges Professional Services 18,974 636,076 344,362 68,060 746,890 591,948 217,671 809,619 (62,729) 108% Printing & Advertising - - - - - 11 - 11 (11) - Utilities 101,206 114,917 138,058 104,000 114,450 149,395 - 149,395 (34,945) 131% Repairs & Maintenance 69,498 143,195 52,754 6,294 58,794 36,429 16,408 52,837 5,957 90% Other Services & Charges 15,787 41,864 95,668 22,060 31,595 49,557 - 49,557 (17,962) 157% Travel - - 469 10,080 10,080 150 - 150 9,930 1% - - - - 1,200 - - - 1,200 0% Telecommunications - - - - 1,020 597 - 597 423 59% - - - - - 2,359 - 2,359 (2,359) - - - - - - - - - - - Liability Insurance - - 13,613 20,257 20,257 7,960 - 7,960 12,297 39% Total Services & Charges 205,465 936,052 644,925 230,751 984,286 838,406 234,079 1,072,484 (88,199) 109% Operating Expenditures 513,932 1,162,603 1,164,234 977,139 1,051,499 982,275 234,079 1,216,354 (164,855) 116% Capital 275,068 - - - - - - - - - Bad Debt 55 - - - - - - - - - Interfund Interfund Allocations 103,285 99,609 96,916 101,112 101,112 58,982 - 58,982 42,130 58% Interfund Transfers Out - - - Total Interfund 103,285 99,609 96,916 101,112 101,112 58,982 - 58,982 42,130 58% Total Expenditures 892,339 1,262,212 1,261,150 1,078,252 1,152,612 1,041,257 234,079 1,275,336 (122,725) 111% Net Surplus / (Deficit) (52,209) (327,138) (326,075) (143,647) (218,007) (245,781) (479,859) Beginning Cash Balance 907,380 674,268 907,380 907,380 Cash Adjustments (180,903) 560,249 283,656 - Ending Cash Balance 674,268 907,380 864,961 689,372 53,046 Cash Reserves Target 907,380 315,553 315,287 288,153 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund was established (ordinance 5089-69) to account for the maintenance and operation of off-street parking facilities. This fund accounts for the revenues and expenditures from the various parking garages owned by the City of South Bend. There are currently 1,484 stalls. This fund receives revenue from the collection of daily and monthly parking fees at several downtown parking garages. Revenue dropped in 2020 due to the COVID-19 pandemic and less monthly parkers as people worked from home. This fund also receives revenue from street parking fines. Effective January 2017, the Common Council approved an increase in parking garage rates and parking enforcement fines. It was the first increase in 13 years. Starting in 2021, parking garage operations are under outside contract with ASM Global. Wages and benefits for parking garage employees and supplies for the garages will be paid for by the City directly rather than through a management fee. | Personnel - Includes the wages and benefits for parking garage employees who are hired and managed by ASM Global. | Supplies - Includes building R&M supplies, uniforms, small tools & equipment, cleaning supplies, and office supplies. | Services - The professional services budget is for the management contract with ASM. The utilities budget includes the cost of electric and water for the parking garages. Other services & charges includes elevator permits and credit card processing fees. | Capital - There are many capital improvement needs. The forecast shows a smaller capital budget than in prior years due to revenue remaining fairly flat. | Interfund Allocation - This fund reimburses the Morris Performing Arts Center Division (Fund #602) for 100% of costs of wages and benefits for the Manager-Facility Operations position. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Morris Performing Arts Center Operations Fund Number 602 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 1,028,252 988,672 988,672 1,403,079 1,403,079 459,963 459,963 943,116 33% Donations 8,750 - - 10,000 10,000 8,396 8,396 1,604 84% Interest Earnings 9,447 2,954 2,954 16,800 16,800 4,736 4,736 12,064 28% Other Income 58,561 172,449 172,449 50,636 50,636 72,267 72,267 (21,631) 143% Interfund Allocation Reimb 29,817 - - - - - - - - Interfund Transfers In 939,012 - - 450,000 450,000 342,000 342,000 108,000 76% Total Revenue 2,073,839 1,164,076 1,164,076 1,930,515 1,930,515 887,362 887,362 1,043,153 46% Expenditures by Subdivisions Morris Performing Arts Center 1,168,404 1,413,999 1,521,576 1,864,598 1,864,598 968,209 135,320 1,103,528 761,070 59% Events Promotion - - - 40,000 40,000 9,077 8,138 17,215 22,785 43% Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 977,285 143,458 1,120,743 783,855 59% Expenditures by Type Personnel Salaries & Wages 401,782 462,227 498,090 603,599 603,599 329,842 - 329,842 273,757 55% Fringe Benefits 165,552 176,654 181,155 251,851 250,780 103,177 - 103,177 147,603 41% Total Personnel 567,334 638,881 679,245 855,450 854,379 433,019 - 433,019 421,360 51% Supplies 25,631 32,647 47,759 83,599 83,599 27,714 40,771 68,486 15,114 82% Services & Charges Professional Services 63,163 61,849 109,002 82,000 81,780 57,180 - 57,180 24,600 70% Printing & Advertising 52,191 74,137 61,112 119,534 119,534 56,657 28,592 85,249 34,284 71% Utilities 133,765 137,372 143,388 181,976 181,976 106,215 - 106,215 75,761 58% Repairs & Maintenance 56,533 66,555 87,128 132,853 132,853 62,010 20,084 82,094 50,760 62% Education & Training 2,413 3,718 6,890 10,000 10,000 7,206 2,297 9,503 497 95% Travel 5,775 4,341 3,626 6,120 6,340 2,281 5,896 8,177 (1,837) 129% Other Services & Charges 39,255 114,797 86,045 119,647 119,647 41,467 45,818 87,286 32,362 73% Total Services & Charges 353,095 462,767 497,192 652,130 652,130 333,017 102,686 435,703 216,427 67% Operating Expenditures 946,060 1,134,295 1,224,195 1,591,180 1,590,109 793,750 143,458 937,208 652,901 59% Interfund Interfund Allocations 222,344 279,705 297,381 313,418 314,489 183,535 - 183,535 130,954 58% Total Interfund 222,344 279,705 297,381 313,418 314,489 183,535 - 183,535 130,954 58% Total Expenditures 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 977,285 143,458 1,120,743 783,855 59% Net Surplus / (Deficit) 905,436 (249,924) (357,500) 25,917 25,917 (89,923) (233,381) Beginning Cash Balance - - - - Cash Adjustments (905,436) 249,924 357,500 - Ending Cash Balance - - - 25,917 50,174 Cash Reserves Target 116,840 141,400 152,158 190,460 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target 10% of Annual expenditures In 2022, the operations of the Morris Performing Arts Center will be moved from the General Fund (#101) into this newly created enterprise fund. This fund will account for the operating costs of the Morris Performing Arts Center in downtown South Bend, the premier performing arts center in this region of the country. It provides improved quality of life to the City's residents, serves as an economic catalyst in the City, and fosters historic preservation of landmark City venues. The Morris Performing Arts Center (Morris PAC) is a division under the Department of Venues, Parks & Arts. This Morris receives revenue from charges for services including facility rental, concessions, ticket handling fees, and more. This fund also receives revenue from a ticket surcharge fee of $3.50 per ticket sold. Prior to 2022, the ticket surcharge fee was split across three funds: $1.50 was deposited into the General Fund (#101), $1.00 was deposited into the Morris Self-Promotion Fund (#274), and $1.00 was deposited into the Morris Capital Fund (#416). The Morris receives an Interfund Allocation Reimbursement from the Parking Garage Fund (#601) for 100% of costs of wages and benefits for the Manager-Facility Operations. Personnel - The personnel budget includes the wages and benefits for nine (9) full-time employees, and $24k for part-time wages. | Supplies - The supplies budget includes uniforms, cleaning supplies, repair & maintenance materials, small tools & equipment, and office supplies. | Services - The repair & maintenance budget includes HVAC and elevator maintenance, along with other general building maintenance expenses. The utilities budget includes the costs of electric, natural gas, and water for the Morris. The printing & advertising budget is for the promotion of events at the Morris. Professional services and printing & advertising are budgeted higher in 2022 than usual as the Morris is getting ready to celebrate its 100 year anniversary in 2022. | Capital - The Morris Performing Arts Center's capital needs are accounted for in the Morris Capital Fund (#416). City of South Bend, Indiana Monthly Financial Report July 31, 2025 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Historical Revenue by Fund General Fund (#101) 54,878 - - - - - - - - - Morris Marketing (#273) 43 - - - - - - - - - Morris Self-Promotion (#274) 150 - - - - - - - - Morris Operations Fund (#602) 2,073,839 1,164,076 1,164,076 1,930,515 1,930,515 887,362 887,362 1,043,153 46% Total Revenue 2,128,910 1,164,076 1,164,076 1,930,515 1,930,515 887,362 887,362 1,043,153 46% Revenue Intergov./ Grants - - - - - - - - - Charges for Services 1,028,252 988,672 988,672 1,403,079 1,403,079 459,963 459,963 943,116 33% Interest Earnings 9,640 2,954 2,954 16,800 16,800 4,736 4,736 12,064 28% Donations 8,750 - - 10,000 10,000 8,396 8,396 1,604 84% Other Income 113,439 172,449 172,449 50,636 50,636 72,267 72,267 (21,631) 143% Interfund Allocation Reimb 29,817 - - - - - - - - Interfund Transfers In 939,012 - - 450,000 450,000 342,000 342,000 108,000 76% Total Revenue 2,128,910 1,164,076 1,164,076 1,930,515 1,930,515 887,362 887,362 1,043,153 46% Expenditures by Fund General Fund (#101) 643,333 184 - - - - - - - - Morris Marketing (#273) 74,852 - - - - - - - - - Morris Self-Promotion (#274) 264,160 - - - - - - - - - Morris Operations Fund (#602) 1,168,404 1,413,999 1,521,576 1,904,598 1,904,598 977,285 143,458 1,120,743 783,855 59% Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,904,598 977,285 143,458 1,120,743 783,855 59% Expenditures by Type Personnel Salaries & Wages 401,782 462,227 498,090 603,599 603,599 329,842 - 329,842 273,757 55% Fringe Benefits 165,552 176,654 181,155 251,851 250,780 103,177 - 103,177 147,603 41% Total Personnel 567,334 638,881 679,245 855,450 854,379 433,019 - 433,019 421,360 51% Supplies 34,066 32,647 47,759 83,599 83,599 27,714 40,771 68,486 15,114 82% Services & Charges Professional Services 67,607 61,849 109,002 82,000 81,780 57,180 - 57,180 24,600 70% Printing & Advertising 74,502 74,321 61,112 119,534 119,534 56,657 28,592 85,249 34,284 71% Utilities 133,765 137,372 143,388 181,976 181,976 106,215 - 106,215 75,761 58% Repairs & Maintenance 62,349 66,555 87,128 132,853 132,853 62,010 20,084 82,094 50,760 62% Education & Training 2,438 3,718 6,890 10,000 10,000 7,206 2,297 9,503 497 95% Travel 6,711 4,341 3,626 6,120 6,340 2,281 5,896 8,177 (1,837) 129% Other Services & Charges 40,622 114,797 86,045 119,647 119,647 41,467 45,818 87,286 32,362 73% Total Services & Charges 387,992 462,951 497,192 652,130 652,130 333,017 102,686 435,703 216,427 67% Interfund Interfund Allocations 222,344 279,705 297,381 313,418 314,489 183,535 - 183,535 130,954 58% Interfund Transfers Out 939,012 - - - - - - - - - Total Interfund 1,161,356 279,705 297,381 313,418 314,489 183,535 - 183,535 130,954 58% Total Expenditures 2,150,749 1,414,183 1,521,576 1,904,598 1,904,598 977,285 143,458 1,120,743 783,855 59% Net Surplus / (Deficit) (21,838) (250,107) (357,500) 25,917 25,917 (89,923) (233,381) Morris Performing Arts Center Historical Budget Summary - Fund 101, 273, 274, & 602 In 2022, the operations of the Morris Performing Arts Center will be moved from the General Fund (#101) into the newly created Morris Operations enterprise fund (#602). Also, the revenue and expenditures formerly accounted for in the Morris Marketing Fund (#273) and the Morris Self-Promotion Fund (#274) will be moved into the new fund. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Century Center Operations Fund Number 670 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 1,675,000 1,275,000 1,275,000 1,275,000 1,275,000 1,275,000 1,275,000 - 100% Charges for Services 3,186,633 3,008,853 3,008,853 2,167,000 2,167,000 1,414,518 1,414,518 752,482 65% Interest Earnings 677 8,476 8,476 16,003 16,003 5,708 5,708 10,295 36% Other Income 125,315 99,675 99,675 5,000 5,000 47,482 47,482 (42,482) 950% Interfund Allocation Reimb 28,827 70,842 70,842 71,905 71,905 41,945 41,945 29,960 58% Total Revenue 5,016,452 4,462,846 4,462,846 3,534,908 3,534,908 2,784,652 2,784,652 750,255 79% Expenditures by Subdivisions City Operations 1,229,534 1,197,943 1,537,502 1,676,541 1,676,541 836,309 59,796 896,105 780,437 53% Food & Beverage Operations 2,874,119 2,930,880 3,270,347 1,942,921 1,942,921 1,801,624 - 1,801,624 141,297 93% Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 3,619,462 2,637,933 59,796 2,697,728 921,734 75% Expenditures by Type Personnel Salaries & Wages 334,824 337,490 387,748 512,653 512,653 220,541 - 220,541 292,112 43% Fringe Benefits 114,116 112,298 133,624 213,697 213,697 78,358 - 78,358 135,339 37% Other Personnel Costs 1,113,680 1,241,993 1,456,681 957,926 957,926 1,005,637 - 1,005,637 (47,711) 105% Total Personnel 1,562,621 1,691,781 1,978,053 1,684,276 1,684,276 1,304,536 - 1,304,536 379,740 77% Supplies 1,064,660 950,670 1,052,869 453,272 453,272 441,215 11,794 453,009 263 100% Services & Charges Professional Services 179,143 198,618 172,655 133,518 133,518 94,054 - 94,054 39,464 70% Printing & Advertising - - - - - - - - - - Utilities 356,068 347,863 343,600 396,747 396,747 227,635 - 227,635 169,112 57% Repairs & Maintenance 72,081 136,704 149,846 140,245 140,245 80,700 42,087 122,787 17,458 88% Education & Training - 799 - 200 200 - - - 200 0% Travel - - - - - - - - - - Insurance 50,834 73,264 52,935 37,520 37,520 9,149 - 9,149 28,372 24% Other Services & Charges 476,332 476,549 578,463 385,741 385,741 263,095 5,914 269,009 116,731 70% Total Services & Charges 1,134,458 1,233,797 1,297,500 1,093,970 1,093,970 674,633 48,001 722,634 371,337 66% Operating Expenditures 3,761,739 3,876,248 4,328,422 3,231,519 3,231,519 2,420,384 59,796 2,480,180 751,340 77% Interfund Allocations 241,226 252,575 267,354 280,124 280,124 163,639 - 163,639 116,485 58% Interfund Transfers Out 100,688 - 212,073 107,819 107,819 53,910 - 53,910 53,909 50% Total Interfund 341,914 252,575 479,427 387,943 387,943 217,549 - 217,549 170,394 56% Total Expenditures 4,103,653 4,128,823 4,807,849 3,619,462 3,619,462 2,637,933 59,796 2,697,728 921,734 75% Net Surplus / (Deficit) 912,799 334,024 (345,003) (84,554) (84,554) 146,720 86,924 Beginning Cash Balance 194,350 1,016,748 194,350 194,350 Cash Adjustments (90,401) (1,156,422) 1,096,581 - Ending Cash Balance 1,016,748 194,350 945,928 109,796 564,743 Cash Reserves Target 1,025,913 1,032,206 1,201,962 904,865 194,349.94 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: The City has a contract with ASM Global (a company that specializes in venue management) for the food & beverage operations at the Century Center. The repair and maintenance operations are handled by the City. | Personnel - The City's portion of the personnel budget includes the wages and benefits for seven (7) full-time employees, and $48k for part-time wages. These employees are hired and managed by the City. Other Personnel Costs represents the wages and benefits for ASM Global employees working for the Century Center. | Supplies - The City's portion of the budget includes supplies needed to maintain the Century Center such as cleaning supplies, repair & maintenance materials, office supplies, and other small operating supplies. ASM Global's portion of the supplies budget ($1.1 million) includes supplies needed to operate the Century Center for events, such as food & beverage inventory. | Services - The repair & maintenance budget includes HVAC and elevator maintenance, along with other general building maintenance expenses. The utilities budget includes the costs of electric, natural gas, and water for the Century Center. | Interfund Transfers Out include transfers to the Century Center Energy Conservation Debt Service Fund (#672) to fund debt service payments.| Capital - See the Century Center Capital Fund (#671). Cash Reserves Target 25% of Annual expenditures This fund was established to account for the operating costs of Century Center, the City's convention center. The Century Center is a division of the Department of Venues, Parks & Arts. The Century Center is located along the St. Joseph River in Downtown South Bend. It plays host to conventions and trade shows, conferences and meetings, weddings and receptions, plays, and concerts. This fund receives Hotel/Motel tax, remitted to the City by St. Joseph County, and collects revenue for charges for services such as facility rent, catering, parking etc. Amount may change in years going forward. Due to the COVID-19 pandemic, the Century Center was shut down for a several months during 2020. Revenue is expected to drop significantly for the foreseeable future as a result of less events due to the pandemic. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Century Center Capital Fund Number 671 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 5,748 33,418 33,418 19,759 19,759 37,526 37,526 (17,767) 190% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Intergov./ Shared Revenues - 494,855 494,855 500,000 500,000 500,000 500,000 - 100% Total Revenue 5,748 528,273 528,273 519,759 519,759 537,526 - 537,526 (17,767) 103% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - 415,617 223,629 106,740 106,740 50,627 229 50,856 55,885 48% Total Expenditures - 415,617 223,629 106,740 106,740 50,627 229 50,856 55,885 48% Net Surplus / (Deficit) 5,748 112,656 304,644 413,019 413,019 486,899 486,670 Beginning Cash Balance 983,710 983,612 983,710 983,710 Cash Adjustments (5,846) (112,558) (301,388) - Ending Cash Balance 983,612 983,710 986,966 1,396,729 1,290,091 Cash Reserves Target 800,000 800,000 800,000 800,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 1989 for the purpose of providing preventative maintenance and improvement to the Century Center. This fund receives revenue from interest earned on the fund's cash balance. The Century Center Board of Managers may transfer the annual net profit from the Century Center Operations Fund (#670) into this fund; however, the City does not anticipate transfers in the next few years because revenue is expected to drop significantly for the foreseeable future as a result of less events due to The Century Center's capital needs are being met by an allocation from the St. Joseph County Hotel/Motel Tax Board. These capital expenditures for the Century Center are paid directly from the County budget and do not pass through the City's accounting system; therefore, these expenditures do not appear in the City's budget. Cash Reserves Target $800,000 Minimum per Board of Managers City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Century Center Energy Conservation Debt Svc Fund Number 672 Fund Type Debt Service Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 221,437 221,437 221,437 221,437 221,437 221,437 221,437 - 100% Interest Earnings 2,814 5,924 5,924 622 622 7,066 7,066 (6,444) 1135% Other Income 58,178 36,231 36,231 55,832 55,832 29,796 29,796 26,036 53% Interfund Transfers In 100,688 - - 107,819 107,819 53,910 53,910 53,909 50% Total Revenue 383,117 263,591 263,591 385,710 385,710 312,209 312,209 73,501 81% Expenditures by Type Services & Charges Debt Service Principal 297,175 313,180 309,315 315,561 315,561 156,200 - 156,200 159,361 49% Debt Service Interest & Fees 105,192 94,738 84,073 73,193 73,193 37,963 - 37,963 35,230 52% Total Expenditures 402,367 407,917 393,388 388,754 388,754 194,163 - 194,163 194,591 50% Net Surplus / (Deficit) (19,251) (144,326) (129,796) (3,043) (3,043) 118,046 118,046 Beginning Cash Balance 196,702 193,705 196,702 196,702 Cash Adjustments 16,253 147,323 110,057 - Ending Cash Balance 193,705 196,702 176,962 193,659 270,120 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2015 to account for debt service payments of the 2015 Century Center Energy Conservation bonds. The bond proceeds were used to make improvements at the Century Center including a new solar panel roof and other energy efficiency projects. This fund receives revenue, to fund the repayment of the debt, from the following sources: a pledge of Hotel/Motel tax revenue from St. Joseph County in the amount of $221,437 per year starting in 2018; interfund transfers from Century Center Operations Fund (#670); and a federally subsidized interest rebate of approximately 80% of interest paid. This fund also receives revenue from interest The bonds will be paid off over a 15-year period with the final payment due on May 1, 2031. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name City Cemetery Fund Number 730 Fund Type Special Revenue Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 420 890 890 630 630 860 860 (229) 136% Other Income - - - - - - - - - Total Revenue 420 890 890 630 630 860 860 (229) 136% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 420 890 890 630 630 860 860 Beginning Cash Balance 30,218 30,041 30,218 30,218 Cash Adjustments (598) (713) (569) - Ending Cash Balance 30,041 30,218 30,540 30,848 33,643 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10638-18) to provide perpetual care and maintenance for the South Bend City Cemetery. Revenue was originally derived from the sale of cemetery plots and burial expenses. There are few sites available for sale and most plots are occupied, resulting in little burial activity. Currently, this Expenses are for maintaining the City Cemetery. There are no expenditures budgeted for 2022. Appropriation requests for expenditures will be made as needed. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Bowman Cemetery Fund Number 731 Fund Type Special Revenue Fund Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 6,613 14,005 14,005 9,913 9,913 13,523 13,523 (3,610) 136% Other Income - - - - - - - - - Total Revenue 6,613 14,005 14,005 9,913 9,913 13,523 13,523 (3,610) 136% Expenditures by Type Services & Charges Repairs & Maintenance - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 6,613 14,005 14,005 9,913 9,913 13,523 13,523 Beginning Cash Balance 475,369 472,576 475,369 475,369 Cash Adjustments (9,406) (11,213) (8,949) - Ending Cash Balance 472,576 475,369 480,425 485,282 529,247 Cash Reserves Target 400,000 400,000 400,000 400,000 Fund Purpose: Explanation of Expenditures and Significant Changes/Variances: In 2018, the trust administered by Key Bank for the maintenance of the Bowman Cemetery was terminated. The funds held in the trust were transferred to the City for the City’s ongoing responsibility to care for the Bowman Cemetery in perpetuity according to Indiana law. This fund was established by Ordinance No. 10638-18, dated December 10, 2018, to account for the transferred funds and to budget for the expenses the City will incur in maintaining the Bowman Cemetery. Currently, this fund only receives revenue from interest earned on the fund's cash balance. Expenses will be for maintaining the Bowman Cemetery. There are no expenditures budgeted for 2022. Appropriation requests for expenditures will be made as needed. Cash Reserves Target $400,000 minimum City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2015 Parks Bond Debt Service Fund Number 757 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,217 5,303 5,303 11,163 11,163 3,255 3,255 7,909 29% Interfund Transfers In 373,724 338,293 338,293 381,031 381,031 186,714 186,714 194,317 49% Total Revenue 374,941 343,596 343,596 392,195 392,195 189,969 189,969 202,226 48% Expenditures by Type Services & Charges Debt Service Principal 230,000 240,000 240,000 260,000 260,000 130,000 - 130,000 130,000 50% Debt Service Interest & Fees 142,556 135,581 128,381 121,031 121,031 61,491 - 61,491 59,541 51% Total Expenditures 372,556 375,581 368,381 381,031 381,031 191,491 - 191,491 189,541 50% Net Surplus / (Deficit) 2,385 (31,986) (24,786) 11,163 11,163 (1,522) (1,522) Beginning Cash Balance 587,763 586,111 587,763 587,763 Cash Adjustments (4,036) 33,637 27,170 - Ending Cash Balance 586,111 587,763 590,148 598,927 592,773 Cash Reserves Target 586,111 587,763 590,148 598,927 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the semi-annual payment of debt service principal and interest to the bondholders of the 2015 Parks Bond. The par amount of the bonds were $5,605,000. The debt service reserve will be used towards the last debt service payment. The accounting records are maintained in trustee bank accounts. | Capital expenditures of this bond were tracked in the 2015 Parks Bond Capital Fund (#751). The capital proceeds were fully expended in 2019. The Local Income Tax Economic Development Fund (#408) transfers money into this fund on a monthly basis, as per the bond ordinance, to cover debt service payments. This fund also receives revenue from interest earned on the cash balance at the trustee bank. The semi-annual debt service payments are set forth in the 20-year debt amortization schedule (debt schedule #141) with the first payment made on February 1, 2016 and the final payment due on August 1, 2035. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Studebaker-Oliver Revitalizing Grants Fund Number 209 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - - - - - - - - - Interest Earnings 9,389 18,615 18,615 10,783 10,783 16,750 16,750 (5,967) 155% Other Income - - - - - - - - - Total Revenue 9,389 18,615 18,615 10,783 10,783 16,750 16,750 (5,967) 155% Expenditures by Type Services & Charges Professional Services 41,621 25,658 39,368 84,626 84,626 13,559 182,597 196,156 (111,530) 232% Total Services & Charges 41,621 25,658 39,368 84,626 84,626 13,559 182,597 196,156 (111,530) 232% Capital - - - - - - - - - - Total Expenditures 41,621 25,658 39,368 84,626 84,626 13,559 182,597 196,156 (111,530) 232% Net Surplus / (Deficit) (32,231) (7,043) (20,752) (73,843) (73,843) 3,191 (179,406) Beginning Cash Balance 692,248 763,112 692,248 692,248 Cash Adjustments 103,095 (63,821) (13,635) - Ending Cash Balance 763,112 692,248 657,860 618,405 642,897 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: 692247.88 Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9214-01) to account for various EPA grants relating to brownfields. Revenues and expenditures in this fund are grant and project specific and will vary from year to year. The EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Past grant activity includes: - Brownfields assessment grant: Hazardous substances grant funds and petroleum grant funds used to conduct Phase I and II environmental site assessments on a city-wide basis. Sites included a former foundry site that is now a city park, a former railroad site in the Studebaker/Oliver project area, and sites in wellhead protection areas. - Brownfields revolving loan fund grant: Grant used to capitalize a revolving loan fund from which the City of South Bend will provide loans and subgrants to support cleanup activities for sites throughout the city that are contaminated with hazardous substances. Loans will be made based on an environmental prioritization process. - Brownfields cleanup grant: Grant funds used to clean up the former Oliver Plow Works site. The site is part of the Studebaker/Oliver Plow Works Redevelopment Strategy, a phased approach for eventually redeveloping the entire Studebaker and Oliver factories into two light industrial parks. Grant funds also will be used for remediation and post-cleanup reporting, and community involvement activities. This fund received grant monies in the past and currently only receives revenue from interest earned on the fund's cash balance. Other income was derived from repayment from the River West TIF Fund (#324), with the last payment received in 2020. Professional services include ground water testing and other ongoing costs related to the study and planning for the various brownfields. The City also participates in the Indiana Department of Environmental Management's voluntary remediation program, and will continue using this fund in 2022 for those costs. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Economic Development State Grants Fund Number 210 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 126,822 85,650 85,650 - - - - - - Interest Earnings 51 - - - - - - - - Other Income - - - - - - - - - Total Revenue 126,873 85,650 85,650 - - - - - - Expenditures by Type Supplies 9,000 - - - - - - - - - Services & Charges Professional Services (46,845) - - - - - - - - - Repairs & Maintenance 246,637 144,348 - - - - - - - - Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Grants & Subsidies 20,845 - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges 220,637 144,348 - - - - - - - - Total Expenditures 229,637 144,348 - - - - - - - - Net Surplus / (Deficit) (102,763) (58,698) 85,650 - - - - Beginning Cash Balance 26,876 27,154 26,876 26,876 Cash Adjustments 103,041 58,420 (188,428) - Ending Cash Balance 27,154 26,876 (75,903) 26,876 (66,903) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund receives grant monies and revenue from interest earned on the fund's cash balance. Past expenditures include demolition of vacant and abandoned houses/lots, equipment for the Ignition Park/ND Turbo project, and debt service payments to the Indiana Development Finance Authority for a loan for the Indiana Brownfields Program with final payment in 2021. Current expenses are related to the State Lead Grant program. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Dept of Community Investment Operating Fund Number 211 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants - 229,133 229,133 - - 1,571 1,571 (1,571) - Charges for Services 691,646 266,888 266,888 608,674 608,674 546,691 546,691 61,983 90% Fines, Forfeitures, and Fees 70,178 92,005 92,005 64,500 64,500 44,480 44,480 20,021 69% Interest Earnings 3,006 (92) (92) 100,000 100,000 756 756 99,244 1% Other Income 2,750 24,565 24,565 20,000 20,000 26,449 26,449 (6,449) 132% Interfund Allocation Reimb 181,981 - - - - - - - - Interfund Transfers In 2,570,000 3,778,841 3,778,841 4,000,000 4,000,000 1,791,000 1,791,000 2,209,000 45% Total Revenue 3,519,561 4,391,340 4,391,340 4,793,174 4,793,174 2,410,947 2,410,947 2,382,228 50% Expenditures by Type Personnel Salaries & Wages 2,080,766 1,854,286 1,973,676 2,336,348 2,336,348 1,250,855 - 1,250,855 1,085,493 54% Fringe Benefits 764,431 831,403 645,485 966,701 966,701 375,987 - 375,987 590,714 39% Total Personnel 2,845,197 2,685,689 2,619,161 3,303,049 3,303,049 1,626,842 - 1,626,842 1,676,207 49% Supplies 33,616 29,510 34,082 71,129 71,129 14,114 3,798 17,912 53,217 25% Services & Charges Professional Services 303,797 496,648 618,918 906,021 912,221 385,964 285,409 671,373 240,847 74% Printing & Advertising 5,797 12,182 14,892 23,979 18,979 4,654 3,195 7,849 11,130 41% Education & Training 5,447 6,663 15,003 18,200 18,200 4,259 580 4,839 13,361 27% Travel 7,763 8,342 15,891 24,633 24,633 2,835 2,054 4,889 19,744 20% Repairs & Maintenance 1,367 1,302 1,230 4,406 4,406 656 - 656 3,750 15% Other Services & Charges 26,286 16,044 68,764 42,700 41,500 13,527 1,460 14,987 26,513 36% Total Services & Charges 350,457 541,181 734,699 1,019,938 1,019,938 411,895 292,698 704,594 315,345 69% Operating Expenditures 3,229,270 3,256,381 3,387,942 4,394,117 4,394,117 2,052,851 296,496 2,349,347 2,044,769 53% Bad Debt - - - - - - - - - - Interfund Interfund Allocations 665,860 758,702 845,870 936,455 936,455 549,262 - 549,262 387,193 59% Interfund Transfers Out - - - - - - - - - - Total Interfund 665,860 758,702 845,870 936,455 936,455 549,262 - 549,262 387,193 59% Total Expenditures 3,895,130 4,015,082 4,233,812 5,330,572 5,330,572 2,602,113 296,496 2,898,610 2,431,962 54% Net Surplus / (Deficit) (375,569) 376,258 157,528 (537,398) (537,398) (191,166) (487,663) Beginning Cash Balance 394,125 1,629,498 394,125 394,125 Cash Adjustments 1,610,942 (1,611,630) (528,357) - Ending Cash Balance 1,629,498 394,125 23,296 (143,273) 455,463 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10060-10) to account for the activities of the Department of Community Investment (DCI). DCI's mission is to spur investment in a stronger South Bend by attracting & retaining growing businesses, connecting residents to economic opportunities, and planning for vibrant neighborhoods. This fund is mainly supported by interfund transfers from the Local Income Tax Economic Development Fund (#408). Therefore, there is no cash reserve requirement in this fund as it is supported by interfund transfers and does not need to carry a cash balance. This fund also receives revenue from federal grants and staff contracts. Starting in 2020, the wages and benefits for two Zoning staff are allocated back to the Building Department (Fund #600). This revenue is represented as an interfund allocation reimbursement transferred from Fund #600. In 2021, two new positions were added to the Business Development team to support the newly awarded Revolving Loan Fund Grant as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These positions will handle all loan applications and processing through closing. The positions are fully funded by grant revenue. Since 2019 there have been transition efforts to consolidate the Building and Code Enforcement departments, as well as the division of Sustainability, into DCI. In 2022, those consolidation efforts will be finalized and result in a reorganization of staff and reporting structures. In addition, several new or expanded initiatives will be added to DCI to facilitate the goals of the American Rescue Plan. Within the new structure there are five teams: (1) Engagement and Economic Empowerment; (2) Growth and Opportunity: formerly Business Development; (3) Neighborhoods: includes South Bend Animal Resource Center, Neighborhood Services & Enforcement (formerly the Department of Code Enforcement), Neighborhood Grants, and Neighborhood Health and Housing; (4) Planning: includes Building, Historic Preservation, Planning, and Zoning; (5) Sustainability. | Note: In 2022, the Sustainability Division will be moved from the General Fund (#101) into this fund as it will now be part of the Department of Community Investment. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Dept of Community Investment Grants Fund Number 212 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 2,419,448 5,559,168 5,559,168 3,067,662 3,067,662 1,766,429 1,766,429 1,301,233 58% Fines, Forfeitures, and Fees - - - - - - - - - Other Income 71,243 15,178 15,178 67,500 67,500 - - 67,500 0% Misc Revenue-Interest Earnings - - - 2,857 2,857 - - 2,857 0% Total Revenue 2,490,691 5,574,346 5,574,346 3,138,019 3,138,019 1,766,429 1,766,429 1,371,590 56% Expenditures by Type Services & Charges Professional Services 19,785 - - - - - - - - - Grants & Subsidies 2,804,158 4,310,457 2,859,882 10,771,637 10,771,637 1,948,957 2,644,752 4,593,708 6,177,929 43% Total Services & Charges 2,823,943 4,310,457 2,859,882 10,771,637 10,771,637 1,948,957 2,644,752 4,593,708 6,177,929 43% Total Expenditures 2,823,943 4,310,457 2,859,882 10,771,637 10,771,637 1,948,957 2,644,752 4,593,708 6,177,929 43% Net Surplus / (Deficit) (333,251) 1,263,889 2,714,464 (7,633,618) (7,633,618) (182,528) (2,827,279) Beginning Cash Balance 409,818 313,907 409,818 409,818 Cash Adjustments 237,341 (1,167,979) (3,280,166) - Ending Cash Balance 313,907 409,818 (155,885) (7,223,801) 353,481 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources, Expenditures, and Significant Changes/Variances: Special allocations of CDBG and ESG awarded under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are separate from regular allocations and are accounted for in the COVID- 19 Response Fund (#264). This fund accounts for the receipt and subsequent expenditure of grants received from the U.S. Department of Housing and Urban Development related to community improvement projects. This fund accounts for various grants including: Community Development Block Grant (CDBG) - CDBG funds can be used for a variety of community development opportunities such as providing affordable housing, a suitable living environment, and economic opportunities for individuals and families with incomes below 80 percent of the area median income. CDBG funds can also be used for the elimination of slum and blight. Emergency Solutions Grant (ESG) - The ESG Program provides homeless persons with basic shelter and essential supportive services. It can assist with operational costs of the shelter facility, and for the administration of the grant. Neighborhood Stabilization Project (NSP) - Congress created the Neighborhood Stabilization Program to help cities, counties and states deal with community problems that are the result of the mortgage foreclosure crisis in the nation. HUD provides money to local governments (cities and counties), nonprofits, and all 50 states. Generally, the money must be used to buy, fix up, and resell foreclosed and abandoned homes. NSP grantees develop their own programs and funding priorities. However, NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income. Activities may not qualify under NSP using the "prevent or eliminate slums and blight" or "address urgent community development needs" objectives. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Unsafe Building Fund Number 219 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 68,583 68,515 68,515 91,240 91,240 46,316 46,316 44,924 51% Interest Earnings 11,010 24,876 24,876 19,605 19,605 26,768 26,768 (7,163) 137% Other Income 366 - - - - - - - - Total Revenue 79,960 93,390 93,390 110,845 110,845 73,083 73,083 37,761 66% Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services 20,000 17,500 24,780 25,000 25,000 16,478 8,522 25,000 - 100% Other Services & Charges - - - - - - - - - - Total Services & Charges 20,000 17,500 24,780 25,000 25,000 16,478 8,522 25,000 - 100% Operating Expenditures 20,000 17,500 24,780 25,000 25,000 16,478 8,522 25,000 - 100% Bad Debt - - - - - - - - - - Total Expenditures 20,000 17,500 24,780 25,000 25,000 16,478 8,522 25,000 - 100% Net Surplus / (Deficit) 59,960 75,890 68,610 85,845 85,845 56,606 48,083 Beginning Cash Balance 764,981 832,938 764,981 764,981 Cash Adjustments 7,997 (143,848) (11,300) - Ending Cash Balance 832,938 764,981 822,291 850,826 1,064,945 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement The Unsafe Building Fund was established in 2016 (ordinance 10416-16) to receive fines and fees related to Indiana's Unsafe Building law (IC 36-7-9). The expenses incurred for board-ups, demolitions, ordinance violation abatements, and other related services are recorded here. The Unsafe Building Fund is an extension of the Neighborhoods Division and shares the same mission to ensure a safe and clean community by upholding and enforcing the ordinances of the City of South Bend, the Indiana Unsafe Building Law, and the 2000 International Property Maintenance Code. Code Enforcement not only cites neglected properties through its team of inspectors, it also pursues citizens' complaints, partners with volunteer neighborhood associations for neighborhood clean- ups, and works directly through community outreach programs to enrich the City of South Bend's neighborhoods. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. The Unsafe Building Fund is managed by the Neighborhoods Division which facilitates code enforcement activities. This fund receives revenue from fines and fees relating to Unsafe Building laws including the following sources: vacant and abandoned registrations, board-ups, demolitions, forfeited performance bonds, special assessments, and civil penalties. Budgeted expenditures includes emergency demolitions and expenses associated with monitoring unsafe building concerns. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Rental Units Regulation Fund Number 221 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Fines, Forfeitures, and Fees 45,048 150,899 150,899 250,000 250,000 117,718 117,718 132,283 47% Interest Earnings 1,596 5,230 5,230 9,380 9,380 10,935 10,935 (1,555) 117% Interfund Transfers In 70,000 - - - - - - - - Total Revenue 116,643 156,129 156,129 259,380 259,380 128,653 128,653 130,728 50% Expenditures by Type Personnel Salaries & Wages 52,636 42,182 (5,308) - - 25,332 - 25,332 (25,332) - Fringe Benefits 26,263 21,718 (425) - - 8,468 - 8,468 (8,468) - Total Personnel 78,899 63,900 (5,733) - - 33,800 - 33,800 (33,800) - Supplies - - - - - - - - - - Services & Charges Professional Services 985 1,475 62,325 144,866 144,866 2,907 87,959 90,866 54,000 63% Other Services & Charges - - - - - - - - - - Total Services & Charges 985 1,475 62,325 144,866 144,866 2,907 87,959 90,866 54,000 63% Interfund Interfund Allocations - - - - - 23 - - - - Total Interfund - - - - 23 - - - - Total Expenditures 79,884 65,375 56,593 144,866 144,866 36,730 87,959 124,666 20,200 86% Net Surplus / (Deficit) 36,760 90,754 99,537 114,514 114,514 91,922 3,986 Beginning Cash Balance 87,416 189,090 87,416 87,416 Cash Adjustments 64,915 (192,429) (63,427) - Ending Cash Balance 189,090 87,416 123,526 201,930 505,011 Cash Reserves Target - - - - Fund Purpose: RSVP Program: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the revenues and expenditures related to the Landlord Registration ordinance (10427-16) and the Rental Safety Verification Program (RSVP) ordinance (10644-19). Both of these programs are managed by the Neighborhoods Division of the Department of Community Investment (DCI). Revenue generation for the Rental Safety Verification Program (RSVP) is derived from follow up re-inspection fees and assessments for noncompliance. First and second inspections will have no charges; however, if not compliant after the second inspection, there will be charges requiring follow up inspections to validate compliance. Because this program is new, revenue could vary greatly from current estimates. A transfer from the Local Income Tax Economic Development Fund (#408) will make up the difference. Prior to the Rental Safety Verification Program (RSVP), proceeds from the landlord registration ($5 registration fee per year) were intended to fund Neighborhood Code Enforcement's costs of the program. However, previous guidelines for landlord registrations will be integrated into RSVP while working with landlords. This budget accounts for the operating costs of the Rental Safety Verification Program (RSVP) | Personnel - The personnel budget includes the wages and benefits for four (4) full-time Code Inspectors assigned to the program. From 2019 to 2020, two additional Code Inspectors were added to expand the program for a total of four Code Inspectors. | Supplies - The supplies needed for the RSVP program are minimal and will be paid out of the Code Enforcement Fund (#230) starting in 2022 since many of the supplies are shared within the Neighborhoods Division. | Services - $54,000 is budgeted for a professional services agreement for temporary housing and security deposits to move tenants if their unit is condemned and the owner doesn't have another unit for the tenant. Cash Reserves Target No reserve requirement The Rental Safety Verification Program (RSVP) requires an occupancy inspection of all real property or rental units that are intended to be occupied or are occupied by anyone other than the owner. This program is designed to ensure all City of South Bend rental units meet the minimum property standards of the International Property Maintenance Code, which are incorporated into Chapter 6- Article 14 of the City's municipal code. Once the rental unit has been inspected with an Inspection Report and approved for occupancy, an Inspection Certificate shall be issued by the Department authorizing the rental unit to be occupied. The purpose of the Inspection Report and Inspection Certificate issued to the owner or the property manager (if applicable) is to verify that the rental unit is safe and habitable for occupancy with respect to: electrical systems, plumbing systems, water and sanitary system, including hot water, heating and ventilation systems, bathroom, toilet facilities, doors, windows, stairways, hallways, functioning smoke detectors, lead hazards, indoor air quality, and the overall structure in which a rental unit is established. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. The Rental Units Regulation Fund is managed by the Neighborhoods Division which facilitates code enforcement activities. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Code Enforcement Fund Number 230 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 28,750 23,580 23,580 25,000 25,000 12,135 12,135 12,865 49% Charges for Services 53,545 43,575 43,575 45,200 45,200 27,737 27,737 17,463 61% Fines, Forfeitures, and Fees 292,490 301,742 301,742 181,900 181,900 117,175 117,175 64,725 64% Interest Earnings 1,439 1,261 1,261 - - 5,551 5,551 (5,551) - Debt Proceeds 500,000 232,000 232,000 356,000 356,000 356,000 356,000 - 100% Other Income 50,120 19,515 19,515 1,000 1,000 - - 1,000 0% Interfund Allocation Reimb - - - - - - - - - Interfund Transfers In 2,930,968 3,298,000 3,298,000 6,800,000 6,800,000 2,799,000 2,799,000 4,001,000 41% Total Revenue 3,857,313 3,919,673 3,919,673 7,409,100 7,409,100 3,317,598 3,317,598 4,091,502 45% Expenditures by Subdivisions Neighborhood Services 2,843,929 3,247,961 3,742,671 6,495,550 6,495,550 2,740,022 298,435 3,038,457 3,457,093 47% Animal Resource Center 941,390 1,148,773 1,258,552 1,484,103 1,484,103 679,002 122,499 801,501 682,601 54% Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,979,653 3,419,023 420,934 3,839,958 4,139,694 48% Expenditures by Type Personnel Salaries & Wages 1,341,301 1,808,248 1,997,996 2,946,308 2,946,308 1,267,605 - 1,267,605 1,678,703 43% Fringe Benefits 543,091 523,537 753,840 1,358,493 1,358,493 452,672 - 452,672 905,821 33% Total Personnel 1,884,392 2,331,786 2,751,836 4,304,801 4,304,801 1,720,278 - 1,720,278 2,584,524 40% Supplies 142,735 212,692 179,819 272,021 272,021 96,523 43,050 139,572 132,449 51% Services & Charges Professional Services 64,822 119,532 162,559 288,155 288,155 184,588 29,145 213,733 74,422 74% Printing & Advertising 19,060 11,387 7,497 22,147 22,147 4,587 1,196 5,782 16,365 26% Utilities 35,837 35,422 38,188 41,389 41,389 23,681 - 23,681 17,708 57% Repairs & Maintenance 232,670 129,650 352,604 785,816 785,816 116,332 37,649 153,981 631,835 20% Education & Training 5,305 7,627 8,354 29,900 29,900 3,156 - 3,156 26,744 11% Travel 1,360 6,641 5,430 26,400 26,400 5,557 2,511 8,068 18,332 31% Other Services & Charges 123,694 199,211 121,521 215,266 215,266 56,467 90,010 146,477 68,789 68% Debt Service Principal 181,470 207,530 247,430 306,356 306,356 217,003 - 217,003 89,353 71% Debt Service Interest & Fees 5,625 13,571 19,272 30,088 30,088 15,823 - 15,823 14,265 53% Total Services & Charges 669,841 730,571 962,854 1,745,517 1,745,517 627,193 160,511 787,704 957,813 45% Operating Expenditures 2,696,968 3,275,049 3,894,508 6,322,339 6,322,339 2,443,994 203,561 2,647,554 3,674,786 42% Bad Debt - 270 682 - - - - - - - Interfund Allocations 767,616 848,209 972,169 1,062,454 1,062,454 623,367 - 623,367 439,087 59% Total Expenditures 3,785,320 4,396,734 5,001,223 7,979,653 7,979,653 3,419,023 420,934 3,839,958 4,139,695 48% Net Surplus / (Deficit) 71,993 (477,061) (1,081,550) (570,553) (570,553) (101,426) (522,360) Beginning Cash Balance 497,492 803,572 497,492 497,492 Cash Adjustments 234,088 170,981 1,081,553 - Ending Cash Balance 803,572 497,492 497,495 (73,061) (96,793) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund accounts for the administrative costs for the Neighborhoods Division along with operational costs such as repair & maintenance of Code Inspector trucks and vehicles used by the NEAT Crew, and the operational costs of running the Animal Resource Center (SBARC). | Personnel - The personnel budget includes the wages and benefits for twenty (20) full-time Neighborhood Services employees and nine (9) full-time Animal Resource Center employees, along with a budget for part-time and seasonal/intern wages. | Supplies - Includes uniforms, small tools & equipment for inspectors, fuel for inspectors' vehicles, medical/safety supplies, and operating supplies for SBARC such as animal feed and cleaning supplies. | Services - Professional services include environmental testing, Code Hearing Officer, collection costs, and veterinary services for SBARC. Repair & maintenance includes vehicle R&M for inspectors' vehicles, building R&M for SBARC, and a $225k agreement with the Park Maintenance Division for mowing of properties cited for grass and weeds. Other services & charges includes $400k for landfill dumping fees for illegal dumps and neighborhood cleanups. Includes four (4) tire disposal amnesty days for neighborhood dumpster and disposal fees ($90k), and trash/litter campaign monthly per six (6) Council districts cleanup ($200k). | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles. This fund was established in 2020 to account for the activity of the Neighborhoods Division of the Department of Community Investment (DCI). Operating under the Neighborhoods Division is Neighborhood Code Enforcement (NCE), the South Bend Animal Resource Center (SBARC), and Neighborhood Enforcement Action Team (NEAT). NCE upholds and enforces the ordinances of the City of South Bend, the Indiana Unsafe Building Law, and the 2000 International Property Maintenance Code. SBARC runs the animal resource center (aka animal shelter) and enforces animal welfare laws regarding animal cruelty and neglect per City, State, and Federal regulations. NEAT works in tandem with NCE to provide services for environmental clean-ups to homeowners and/or businesses. These clean-ups consist of illegal dumping of household items, tires, building materials, appliances, and any other form of litter and debris. Additional fines may be assessed for failure to comply upon notification. Note: In 2021, the Department of Code Enforcement was brought under the Department of Community Investment (DCI) and was renamed the Neighborhoods Division. Neighborhood Code Enforcement collects revenues from fees for environmental clean-ups, processing abandoned vehicles, and ordinance violations. The South Bend Animal Resource Center (SBARC) collects revenues from fees for animal shelter activities such as adoption fees, pet licenses, pet microchipping, and animal surrender fee. SBARC also collects fines it assesses for animal welfare ordinance violations. These revenues do not cover the expenditures of these activities. The difference is covered by an interfund transfer from the Local Income Tax Economic Development Fund (#408). Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Urban Development Action Grant Fund Number 410 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 4,046 8,846 8,846 7,950 7,950 1,886 1,886 6,064 24% Other Income 385,577 - - - - - - - - Total Revenue 389,623 8,846 8,846 7,950 7,950 1,886 1,886 6,064 24% Expenditures by Type Services & Charges Debt Service Principal 18,000 338,253 - - - - - - - - Other Services & Charges - - - Total Expenditures 18,000 338,253 - - - - - - - - Net Surplus / (Deficit) 371,623 (329,407) 8,846 7,950 7,950 1,886 1,886 Beginning Cash Balance 27,182 32,733 27,182 27,182 Cash Adjustments (366,073) 323,857 361,489 - Ending Cash Balance 32,733 27,182 397,517 35,132 73,800 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was originally established to account for economic development expenditures which are financed by federal grants and loan repayments. Revenue comes from Business Development Corporation (BDC) repayment of Fund 410 miscellaneous revenue used to capitalize BDC loan pool. This fund also receives revenue from interest earned on the fund's cash balance. Currently, this fund is used for the repayment of an interfund loan from the Local Income Tax-Certified Shares Fund (#404) in connection with a downtown hotel/parking garage project. The final payment is due in 2022 (debt schedule #82). When the final revenue payment is due from BDC, it may be prudent to payoff the debt to Fund #404 and potentially close this fund rather than following current amortization schedule which goes out to 2046. Payments in future years will be made as BDC loan collections are received. The BDC loan collections have been remitted at rates less than the current amortization schedule depicts due to poor portfolio performance and as such may require an amendment to the debt schedule. Cash Reserves Target No reserve requirement - Grant fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Consolidated Building Fund Number 600 Fund Type Enterprise Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 1,886,287 2,099,002 2,099,002 2,285,800 2,285,800 2,121,899 2,121,899 163,901 93% Fines, Forfeitures, and Fees 5,860 13,890 13,890 13,000 13,000 3,388 3,388 9,612 26% Interest Earnings 28,301 56,845 56,845 55,082 55,082 98,068 98,068 (42,986) 178% Other Income 2,105 5,831 5,831 - - 3,110 3,110 (3,110) - Capital Lease Proceeds - - - - - - - - - Total Revenue 1,922,553 2,175,568 2,175,568 2,353,882 2,353,882 2,226,464 2,226,464 127,417 95% Expenditures by Type Personnel Salaries & Wages 788,291 830,167 881,725 1,032,036 1,032,036 542,711 - 542,711 489,325 53% Fringe Benefits 343,343 347,728 364,906 490,334 490,334 188,963 - 188,963 301,372 39% Total Personnel 1,131,634 1,177,895 1,246,632 1,522,370 1,522,370 731,673 - 731,673 790,697 48% Supplies 25,192 22,819 22,678 23,000 23,000 10,583 507 11,090 11,910 48% Services & Charges Professional Services - - 760 8,000 8,000 661 - 661 7,339 8% Printing & Advertising 161 - 252 4,200 4,200 - - - 4,200 0% Education & Training 3,413 5,867 5,846 6,000 6,000 4,286 - 4,286 1,714 71% Travel 9 - - 6,000 6,000 - - - 6,000 0% Repairs & Maintenance 27,699 30,349 28,036 29,743 29,743 17,834 - 17,834 11,909 60% Other Services & Charges 28,286 578,003 1,157,292 34,550 34,550 19,739 1,133,727 1,153,465 (1,118,915) 3339% Debt Service Principal 23,593 4,673 - - - - - - - - Debt Service Interest & Fees 526 49 - - - - - - - - Total Services & Charges 83,687 618,941 1,192,185 88,493 88,493 42,520 1,133,727 1,176,247 (1,087,753) 1329% Operating Expenditures 1,240,513 1,819,655 2,461,495 1,633,863 1,633,863 784,776 1,134,234 1,919,010 (285,146) 117% Capital - 29,033 57,522 80,000 80,000 56,437 - 56,437 23,564 71% Bad Debt - - - 1,000 1,000 - - - 1,000 0% Interfund Allocations 665,210 356,582 319,976 350,370 350,370 205,994 - 205,994 144,376 59% Total Expenditures 1,905,723 2,205,269 2,838,993 2,065,233 2,065,233 1,047,207 1,134,234 2,181,441 (116,206) 106% Net Surplus / (Deficit) 16,830 (29,702) (663,425) 288,649 288,649 1,179,257 45,023 Beginning Cash Balance 2,102,372 2,127,056 2,102,372 2,102,372 Cash Adjustments 7,855 5,017 673,217 - Ending Cash Balance 2,127,056 2,102,372 2,112,164 2,391,020 4,482,903 Cash Reserves Target 476,431 551,317 709,748 516,308 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 25% of Annual expenditures This fund was established (ordinance 8412-93) to receive monies and fees to pay expenses related to the operation of the St Joseph County/South Bend Building Department. The fund is operated in accordance with the interlocal agreement between St Joseph County and the City of South Bend executed December 31, 1991 as amended. | The Building Department regulates the “built environment” through enforcement of current building codes and zoning ordinances. The Building Department's purpose is to promote safe occupancy for all residents of the jurisdiction, serving all properties within the City of South Bend and all properties with a 5-digit address within St. Joseph County. | Note: From 2019 through 2021, the Building Department has transitioned to a team within the Department of Community Investment (DCI). In 2022, that transition is complete and Building is now part of the DCI Planning team. Revenue for the Building Department is primarily generated through issuing permits for construction, demolition, or occupancy. In addition, contractor registrations and licenses are also issued and monitored. Prior to the COVID-19 pandemic, revenue was anticipated to increase based on trends. Due to the unknown nature of economic impacts of COVID-19, permit revenue is budgeted at 2021 anticipated actual levels. This fund accounts for the operational costs of running the Building Department. | Personnel - The personnel budget includes the wages and benefits for sixteen (16) full-time employees. | Supplies - Includes fuel for inspectors' vehicles and office supplies. | Services - Repair & maintenance includes vehicle R&M for inspectors' vehicles. | Debt Service - The principal and interest expense budgeted is for capital lease payments for vehicles. | Capital - Forecasted to purchase one new vehicle per year starting in 2023 in order to replace aging fleet. | Interfund Allocations - In 2022, it is anticipated that a new permitting system will be sourced and implemented, resulting in a planned spend down of cash reserves. The implementation and software costs for the new permitting system are budgeted in the IT Department's budget (Fund #279) and allocated back to this fund through the IT interfund allocation. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Industrial Revolving Fund Fund Number 754 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 4,749,980 - - - - - - - - Interest Earnings 50,529 156,288 156,288 221,654 221,654 103,210 103,210 118,444 47% Other Income 809,701 979,867 979,867 847,900 847,900 267,250 267,250 580,650 32% Total Revenue 5,610,209 1,136,154 1,136,154 1,069,554 1,069,554 370,459 370,459 699,094 35% Expenditures by Type Services & Charges Professional Services 246,601 48,257 36,211 511,693 511,693 27,631 45,613 73,244 438,449 14% Other Services & Charges 21,756 38,120 45,905 36,962 36,962 29,278 (30) 29,249 7,713 79% Grants & Subsidies 4,290,000 - - - - - - - - - Total Services & Charges 4,558,357 86,377 82,115 548,655 548,655 56,910 45,583 102,493 446,162 19% Bad Debt - - - - - - - - - - Total Expenditures 4,558,357 86,377 82,115 548,655 548,655 56,910 45,583 102,493 446,162 19% Net Surplus / (Deficit) 1,051,853 1,049,778 1,054,039 520,899 520,899 313,550 267,967 Beginning Cash Balance 3,700,843 2,406,914 3,700,843 3,700,843 Cash Adjustments (2,345,781) 244,151 (23,859) - Ending Cash Balance 2,406,914 3,700,843 4,731,022 4,221,741 3,221,616 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: The Industrial Revolving Fund is a loan fund for small businesses. It is governed by a separate Board of Directors which contracts with the City's Community Investment Department for administrative services. A City cash reserve target has not been established for the fund, but it operates under federal guidelines with respect the amount of loans and cash balances that must be This fund receives revenue from the repayments of small business loans. This fund also receives revenue from interest earned on the cash balance at the trustee bank. In 2021and 2022, revenue will be received from the new Revolving Loan Fund (RLF II) reimbursements as grant funds are administered and spent. In 2020, the City was awarded a $6.9 million Revolving Loan Fund (RLF II) grant as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This grant will run through July 2022. Expenditures are for legal services and administrative & program fees. Starting in 2021, expenditures related to the new Revolving Loan Fund (RLF II), which was awarded in 2020 by the Economic Development Administration (EDA) as part of the CARES Act, will include staff expenses, marketing, loan processing and various professional and miscellaneous expenses to administer the grant. All expenses are anticipated to be reimbursed by the grant. Cash Reserves Target No City reserve requirement; there are program requirements City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2015 Smart Streets Bond Debt Service Fund Number 756 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 91 91 91 36,162 36,162 53 53 36,109 0% Interfund Transfers In 1,715,000 1,714,000 1,714,000 1,710,844 1,710,844 1,713,500 1,713,500 (2,656) 100% Total Revenue 1,715,091 1,714,091 1,714,091 1,747,006 1,747,006 1,713,553 1,713,553 33,453 98% Expenditures by Type Services & Charges Debt Service Principal 1,060,000 1,090,000 1,120,000 1,160,000 1,160,000 575,000 - 575,000 585,000 50% Debt Service Interest & Fees 651,344 619,319 586,394 552,844 552,844 281,384 - 281,384 271,459 51% Total Expenditures 1,711,344 1,709,319 1,706,394 1,712,844 1,712,844 856,384 - 856,384 856,459 50% Net Surplus / (Deficit) 3,748 4,773 7,698 34,162 34,162 857,169 857,169 Beginning Cash Balance 1,742,699 1,739,076 1,742,699 1,742,699 Cash Adjustments (7,370) (1,150) (3,950) - Ending Cash Balance 1,739,076 1,742,699 1,746,446 1,776,861 2,614,586 Cash Reserves Target 1,739,076 1,742,699 1,746,446 1,776,861 Fund Purpose: Explanation of Revenue Sources: This fund accounts for the bi-annual principal and interest payments to bondholders for the 2015 Smart Streets Bond. It also accounts for the related debt service reserve cash balance held at trustee bank. The bonds were closed on April 9, 2015 and the par amount was $25 million. This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the River West TIF Fund (#324). This fund also receives revenue from interest earned on the cash balance at the trustee bank. The River West TIF Fund (#324) transfers money into this fund semi-annually to cover debt service payments. The bonds are to be repaid over 21 years, with the final payment due February 1, 2037 (debt schedule #135). The debt service reserve amount will be used towards the last debt service payment. Capital expenditures of this bond were tracked in the Smart Streets Bond Capital Fund (#753). The capital proceeds were fully expended in 2019. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2017 Eddy Street Commons Bond Capital Fund Number 759 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 25,565 1 1 515 515 1 1 514 0% Total Revenue 25,565 1 1 515 515 1 1 514 0% Expenditures by Type Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 25,565 1 1 515 515 1 1 Beginning Cash Balance 25,763 25,762 25,763 25,763 Cash Adjustments (25,566) - - - Ending Cash Balance 25,762 25,763 25,764 26,278 25,768 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: This fund accounts for the expenditures of the bond proceeds from the 2017 Eddy Street Commons Phase II Bond. The funds will be spent on Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. Initial revenues were bond proceeds from the $25 million Eddy Street Commons Bond issued in 2017 (closing date 8/14/17, debt schedule #163). Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero In July 2007, the South Bend Common Council unanimously approved the rezoning of 25 acres of vacant land south of Notre Dame for the nearly $200 million Eddy Street Commons project. Phase I - As part of the Phase I development deal, Kite Realty Group agreed to invest $161.9 million while South Bend city officials agreed to invest $36.7 million to help with, among other costs, a parking garage and street and utility upgrades. Phase I included retail/restaurant/office space, apartment units, condo units, townhomes, a 1,276-vehicle multi-level parking garage, a Fairfield Inn & Suites and an Embassy Suites. Phase II - Designed with input from the University, City of South Bend and nearby home and business owners, Phase II consists of five main buildings: two graduate-style apartment buildings and a new Robinson Community Learning Center on the east side of Eddy Street and two market-rate apartment buildings on the west side of Eddy Street. A stand-alone grocery store is proposed for the southwest corner of Howard and Indiana 23, where the Robinson Center now sits. The Robinson Center, an off-campus educational initiative of the University, will move to a new one-story, 13,000-square-foot building across the street. Phase II is a joint effort between the university and Kite Realty. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2017 Eddy Street Commons Bond Debt Service Fund Number 760 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 188 187 187 75,577 75,577 109 109 75,468 0% Interfund Transfers In 1,926,375 1,929,875 1,929,875 1,955,125 1,955,125 1,955,125 1,955,125 - 100% Total Revenue 1,926,563 1,930,062 1,930,062 2,030,702 2,030,702 1,955,234 1,955,234 75,468 96% Expenditures by Type Services & Charges Debt Service Principal 720,000 760,000 810,000 865,000 865,000 425,000 - 425,000 440,000 49% Debt Service Interest & Fees 1,206,375 1,169,875 1,131,375 1,090,125 1,090,125 550,375 - 550,375 539,750 50% Total Expenditures 1,926,375 1,929,875 1,941,375 1,955,125 1,955,125 975,375 - 975,375 979,750 50% Net Surplus / (Deficit) 188 187 (11,313) 75,577 75,577 979,859 979,859 Beginning Cash Balance 3,668,611 3,463,323 3,668,611 3,668,611 Cash Adjustments (205,476) 205,101 11,500 - Ending Cash Balance 3,463,323 3,668,611 3,668,799 3,744,188 4,649,033 Cash Reserves Target 2,500,000 2,500,000 2,500,000 2,500,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the semi-annual payment of debt service principal and interest to the bondholders of the 2017 Eddy Street Commons Phase II Bonds. This fund will hold a minimum of $2.5 million in cash reserves per the 2017 Eddy Street Commons bond covenant. The bonds were closed on August 14, 2017 and the par amount was $25 million. In December 2018, an additional $945,000 was added to the debt service reserve. In March 2021, an additional $205,104 was added to the debt service reserve. This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the North East Residential Area TIF Fund (#436). This fund also The principal and interest payments are set forth in the 20-year debt amortization schedule with the first payment made on February 15, 2018 and the final payment due February 15, 2037. The bond was issued for Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. Capital expenditures related to the project are tracked in the Eddy Street Commons Capital Fund (#759). Cash Reserves Target $2,500,000 minimum City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Central Services Fund Number 222 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Licenses & Permits 3,281 2,738 2,738 2,200 2,200 1,666 1,666 534 76% Charges for Services 9,160,143 8,923,201 8,923,201 11,965,257 11,965,257 5,881,546 5,881,546 6,083,711 49% Interest Earnings 7,009 78 78 - - 3,507 3,507 (3,507) - Other Income 115,532 59,794 59,794 59,500 59,500 34,010 34,010 25,490 57% Interfund Allocation Reimb 160,000 160,000 160,000 160,000 160,000 93,333 93,333 66,667 58% Interfund Transfers In - - - - - - - - - Total Revenue 9,445,964 9,145,812 9,145,812 12,186,957 12,186,957 6,014,063 6,014,063 6,172,895 49% Expenditures by Division Equipment Services 9,334,778 9,412,885 10,298,079 11,374,587 11,361,812 5,657,096 34,337 5,691,434 5,670,378 50% Print Shop - - - - - - - - - - Radio Shop 192,096 213,640 232,485 344,536 344,536 142,468 4,573 147,041 197,495 43% Building Maintenance 173,605 195,423 236,661 293,248 360,221 150,471 788 151,260 208,962 42% Facilities Management 142,772 159,963 144,771 192,746 192,746 91,084 - 91,084 101,662 47% Capital 67,785 168,092 138,767 358,150 358,150 13,018 22,067 35,085 323,065 10% Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,617,465 6,054,138 61,765 6,115,903 6,501,562 48% Expenditures by Type Personnel Salaries & Wages 1,765,863 1,778,787 2,254,224 2,711,264 2,748,685 1,401,627 - 1,401,627 1,347,058 51% Fringe Benefits 751,937 721,904 860,801 1,244,945 1,261,722 520,470 9,588 530,058 731,664 42% Total Personnel 2,517,800 2,500,690 3,115,025 3,956,209 4,010,407 1,922,097 9,588 1,931,685 2,078,722 48% Supplies 6,392,707 6,543,875 6,834,645 7,190,091 7,190,091 3,522,588 5,341 3,527,929 3,662,162 49% Services & Charges Professional Services 12,641 6,968 15,569 86,530 84,580 1,735 - 1,735 82,845 2% Printing & Advertising - - - - - - - - - - Utilities 73,151 68,323 60,520 80,881 80,881 43,561 - 43,561 37,320 54% Repairs & Maintenance 123,289 279,396 190,780 371,358 373,704 69,630 35,066 104,696 269,008 28% Education & Training 4,953 4,990 8,182 18,050 16,801 2,571 3,975 6,546 10,255 39% Travel 61 2,342 2,875 4,850 5,703 1,853 - 1,853 3,850 32% Other Services & Charges 13,527 12,570 12,594 21,187 21,187 7,221 7,795 15,015 6,171 71% Debt Service Principal 8,069 8,254 4,198 - - - - - - - Debt Service Interest & Fees 422 237 48 - - - - - - - Total Services & Charges 236,114 383,080 294,765 582,856 582,856 126,569 46,836 173,405 409,449 30% Capital 7,239 - 25,342 7,200 7,200 - - - 7,200 0% Interfund Interfund Allocations 757,176 722,359 780,985 826,912 826,912 482,884 - 482,884 344,028 58% Interfund Transfers Out - - - - - - - - - - Total Interfund 757,176 722,359 780,985 826,912 826,912 482,884 - 482,884 344,028 58% Total Expenditures 9,911,036 10,150,004 11,050,762 12,563,267 12,617,465 6,054,138 61,765 6,115,903 6,501,561 48% Net Surplus / (Deficit) (465,072) (1,004,193) (1,904,950) (376,310) (430,508) (40,075) (101,840) Beginning Cash Balance 658,666 1,209,079 658,666 658,666 Cash Adjustments 1,015,485 453,779 1,552,063 - Ending Cash Balance 1,209,079 658,666 305,778 228,158 124,696 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Operational expenditures include those incurred in operating the wastewater treatment plant, maintaining the City's sewer system, and operating the Organic Resources facility which processes leaves, brush, wood and other yard waste. | Personnel - The personnel budget includes the wages and benefits for 38 full-time employees, and $26k for part-time and seasonal wages. | Supplies - Includes the costs of inventory parts that are used for the repair and maintenance of vehicles and equipment for City departments and external customers. Inventory also includes gasoline purchased for use by City departments, which is then charged back to the departments based on usage. General supplies for Central Services includes cleaning supplies, small tools & equipment, building maintenance supplies, uniforms, safety supplies, and office supplies. | Services - The repair & maintenance budget includes the cost of R&M for equipment, such as fuel pumps, and general building maintenance for the Central Services' garages. The utilities budget includes the costs of electric, natural gas, and water for the garages.| Debt Service - The principal and interest expense budgeted is for capital lease payments for a forklift purchased in 2019, be fully paid off in 2024. | Capital - Prior to 2022, Central Services' capital expenditures were tracked in the Central Services Capital Fund (#224). However, the capital fund did not have any source of revenue other than the interfund transfers it received from this fund. Therefore, Central Services' capital expenditures will be accounted for in this fund starting in 2022. This fund was established to track the operating costs of the Central Services Division. The Division provides a variety of services to other city departments, along with several local county, state and federal agencies. Central Services consists of 4 cost centers: Equipment Services, Building Maintenance, Radio Shop, and Facilities Management. The Department of Administration & Finance oversees the Central Services Division. Equipment Services and Radio Shop provide repair and maintenance services for the City's fleet and some external customers (governmental units such as St Joseph County and local township fire departments). Parts and labor for each work order are charged back to City departments or billed to the external customers. | Building Maintenance provides repair and maintenance services to the City's facilities. This cost center is partially funded through internal labor rates. | Equipment Services also receives business licensing revenue from performing inspections of taxi cabs. This revenue has declined dramatically in the past two years due to the popularity of ride sharing services such as Uber and Lyft. | Facilities Management is funded by an interfund allocation. | This fund also receives revenue from interest earned on the fund's cash balance. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Central Services Capital Fund Number 224 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - - - - - - - - - Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Repairs & Maintenance - - - - - - - - - - Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) - - - - - - - Beginning Cash Balance - 26,221 - - Cash Adjustments 26,221 (26,221) - - Ending Cash Balance 26,221 - - - - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10339-14) to account for the capital expenditures of the Central Services Division. This fund received transfers from the Central Services Operating Fund (#222) to cover expenditures as needed. Historically, this fund accounted for the annual maintenance of the CNG stations and radio tower inspections and the debt service principal and interest budget is for the capital lease payments. However, this fund did not have any source of revenue other than the interfund transfers. Therefore, Central Services' capital expenditures will be accounted for in the Central Services Operating Fund (#222) starting in 2022 and this fund will be discontinued. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Liability Insurance Fund Number 226 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 79,266 164,629 164,629 117,112 117,112 197,692 197,692 (80,580) 169% Other Income 741,339 500,956 500,956 - - 10,502 10,502 (10,502) - Interfund Allocation Reimb 3,365,000 3,583,000 3,583,000 3,639,999 3,639,999 2,123,333 2,123,333 1,516,666 58% Interfund Transfers In - - - - - - - - - Total Revenue 4,185,605 4,248,586 4,248,586 3,757,111 3,757,111 2,331,526 2,331,526 1,425,584 62% Expenditures by Division Safety/Risk Management - - - - - - - - - - Liability Insurance 1,555,388 1,062,020 1,184,958 1,353,674 1,353,674 1,239,880 53,992 1,293,871 59,803 96% Business Insurance 2,429,126 872,633 521,205 1,270,443 1,270,443 268,658 179,846 448,504 821,939 35% Workers' Compensation 1,068,632 1,086,164 1,392,161 1,405,424 1,405,424 722,039 51,180 773,219 632,205 55% Catastrophic Events 479 500 - 92,733 92,733 - - - 92,733 0% Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 4,122,275 2,230,577 285,017 2,515,594 1,606,680 61% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - Fringe Benefits - - - - - - - - - - Other Personnel Costs 24,902 29,792 37,660 55,000 55,000 26,477 24,256 50,733 4,268 92% Total Personnel 24,902 29,792 37,660 55,000 55,000 26,477 24,256 50,733 4,268 92% Supplies - - - - - - - - - - Services & Charges Professional Services 405,364 498,869 275,275 418,443 418,443 172,255 194,346 366,600 51,843 88% Education & Training - - - - - - - - - - Travel - - - - - - - - - - Repairs & Maintenance 1,710,233 231,043 - - - - - - - - Insurance 2,121,803 2,052,688 2,427,744 2,282,474 2,282,474 1,882,808 49,926 1,932,734 349,740 85% Other Services & Charges 790,843 208,426 357,645 1,273,624 1,273,624 149,038 16,490 165,528 1,108,096 13% Total Services & Charges 5,028,243 2,991,026 3,060,665 3,974,541 3,974,541 2,204,100 260,761 2,464,862 1,509,679 62% Capital 479 500 - 92,733 92,733 - - - 92,733 0% Interfund Interfund Allocations - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures 5,053,624 3,021,317 3,098,324 4,122,275 4,122,275 2,230,577 285,017 2,515,594 1,606,680 61% Net Surplus / (Deficit) (868,019) 1,227,268 1,150,261 (365,164) (365,164) 100,949 (184,068) Beginning Cash Balance 6,100,867 5,956,858 6,100,867 6,100,867 Cash Adjustments 724,011 (1,083,259) (1,490,355) - Ending Cash Balance 5,956,858 6,100,867 5,760,773 5,735,703 8,562,324 Cash Reserves Target 2,526,812 1,510,659 1,549,162 2,061,137 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Workers' Compensation expenses have increased in the past 18 months due to several large, unrelated injuries. The City continues to monitor the workers' compensation related accidents and provides training once an issue has been identified. There is also a considerable amount of proactive training which happens throughout the City in an effort to stop any workplace injuries. Capital expenditures in 2019 and 2020 were for repairs to City facilities and replacement of equipment related to 2018 flood damage. In 2021, all personnel costs previously budgeted in this fund were moved to the General Fund (#101). -- One full-time Paralegal position was transferred to the Legal Department's budget. This position is under the Legal Department but was historically budgeted in this fund because the position focuses on liability and workers' comp related matters. -- In 2020, there were two full-time positions budgeted for the Safety & Risk division. During 2020, one position was eliminated due to attrition. In 2021, the remaining position was transferred to Human Resources. The Safety & Risk division's supplies and services budget will be fully transferred to Human Resources in 2022. This fund was established in 1979 when the Common Council determined that the City should become self-insured for liability insurance (ordinance 6657-79). The purpose of this fund is to set aside monies, assessed on all operations and departments of the City, for the payment of any premium for outside coverage, claims arising from retained risk and all incidental costs associated with any claims including, but not limited to, investigative and legal fees. Currently, this fund handles operations relating to business insurance and claims--property, liability, workers compensation, etc. This fund is managed by the Department of Administration & Finance. This fund receives revenue from a fixed cost interfund allocation charged to other City funds. The amount charged to each fund is determined during the annual budget process. Various methodologies are used to effectively and fairly allocate costs. Liability and worker's compensation costs are allocated based on two-year claims history for each department. Business insurance costs are allocated based on net book value of departments' capital assets (per the City's Annual Comprehensive Financial Report). When this fund has sufficient reserves, allocations to departments may decrease. Reimbursements from insurance claims are also received in this fund. Cash Reserves Target 50% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name IT / Innovation / 311 Call Center Fund Number 279 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interfund Allocation Reimb 9,620,204 9,990,823 9,990,823 14,991,280 14,991,280 8,744,914 8,744,914 6,246,366 58% Charges for Services - 2,602 2,602 - - - - - - Debt Proceeds 166,343 - - - - - - - - Other Income 131,610 131,250 131,250 - - 146,231 146,231 (146,231) - Donations 181,987 15,000 15,000 - - - - - - Interest Earnings 53,386 123,322 123,322 72,145 72,145 153,799 153,799 (81,654) 213% Total Revenue 10,153,530 10,262,996 10,262,996 15,063,425 15,063,425 9,044,944 9,044,944 6,018,481 60% Expenditures by Division 311 Call Center 637,390 675,189 1,194,171 1,418,380 1,418,380 780,913 565 781,478 636,902 55% Innovation & Technology 8,398,022 8,751,316 11,307,227 16,257,128 16,746,128 8,103,209 3,316,782 11,419,991 5,326,136 68% Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 18,164,507 8,884,122 3,317,347 12,201,469 5,963,038 67% Expenditures by Type Personnel Salaries & Wages 1,965,182 2,176,973 3,198,257 3,532,087 3,532,087 2,001,433 - 2,001,433 1,530,654 57% Fringe Benefits 711,976 794,161 1,120,370 1,494,332 1,494,332 662,000 - 662,000 832,332 44% Total Personnel 2,677,158 2,971,134 4,318,627 5,026,419 5,026,419 2,663,433 - 2,663,433 2,362,986 53% Supplies 468,930 164,623 704,783 1,459,089 1,597,589 829,775 138,874 968,649 628,940 61% Services & Charges Professional Services 782,666 967,886 811,905 2,434,042 2,780,009 904,493 1,031,614 1,936,107 843,902 70% Printing & Advertising 4,366 6,393 11,108 15,600 14,600 2,807 240 3,047 11,553 21% Repairs & Maintenance 3,802,342 4,116,523 5,556,651 7,360,813 7,366,346 3,588,761 2,051,386 5,640,147 1,726,199 77% Education & Training 34,682 32,822 19,183 67,095 67,095 12,959 3,132 16,091 51,004 24% Travel 24,829 30,830 46,813 49,916 49,916 31,262 6,298 37,560 12,356 75% Other Services & Charges 243,852 255,730 270,067 324,037 324,037 146,410 18,373 164,783 159,254 51% Debt Service Principal 930,920 817,680 686,269 835,752 835,752 645,118 67,429 712,548 123,204 85% Debt Service Interest & Fees 65,014 57,489 68,681 96,426 96,426 54,214 - 54,214 42,213 56% Total Services & Charges 5,888,671 6,285,351 7,470,676 11,183,681 11,534,181 5,386,024 3,178,473 8,564,497 2,969,685 74% Operating Expenditures 9,034,758 9,421,108 12,494,086 17,669,189 18,158,189 8,879,232 3,317,347 12,196,579 5,961,611 67% Total Interfund 653 5,398 7,312 6,318 6,318 4,891 - 4,891 1,427 77% Total Expenditures 9,035,411 9,426,505 12,501,398 17,675,507 18,164,507 8,884,122 3,317,347 12,201,469 5,963,038 67% Net Surplus / (Deficit) 1,118,119 836,490 (2,238,402) (2,612,083) (3,101,083) 160,822 (3,156,525) Beginning Cash Balance 3,482,865 2,125,192 3,482,865 3,482,865 Cash Adjustments (2,475,792) 521,182 3,453,866 - Ending Cash Balance 2,125,192 3,482,865 4,698,328 381,782 6,713,192 Cash Reserves Target - - - - 3482865.1Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: This fund was established to account for the expenditures of the Department of Innovation & Technology, which includes the 311 Call Center, Services, Infrastructure, Business Analytics, Applications, and Civic Innovation. The Department of Innovation & Technology's goal is to empower an innovative workforce and a thriving community through technology, data, and strategic partnerships. The functions within the department include: The 311 Call Center handles resident telephone calls in an efficient and effective manner. It provides residents with a "one-stop" shop to contact city departments with inquiries and service requests. | Services focuses on internal technology-related services for the employees of the City of South Bend. Daily general operations and user experience fall under this division. | Applications oversees architecting, implementing, configuring, integrating, and supporting all software applications and platforms. This includes the employee intranet, the 311 Service Portal, our CRM solution, GIS mapping, and many applications specialized for departments and divisions. | Infrastructure oversees the Network Infrastructure within the City of South Bend, which is comprised of the hardware, software and security resources of an entire network. The infrastructure team plans new deployments, maintains all technology infrastructure inclusive of servers, network devices, wireless network devices, cloud environments, data center, and security; ensuring availability, capacity, and continuity. | Business Analytics acts as liaisons between City departments and the rest of the Dept of Innovation and Technology team and provides additional resources to City departments for selected projects. Business Analytics team members provide services including business needs assessments, process mapping and improvement, performance management, data and technology training, data analytics, and project management. | Civic Innovation works with City and community partners to improve residents’ access to technology and digital literacy. The division connects residents and groups with the technology resources they need to succeed by leveraging connections both internal and external connections. Personnel - The personnel budget in this fund includes the wages and benefits of 24 full-time employees for Information Technology and 8 full-time employees for the 311 Call Center, along with a budget for part-time help at the 311 Call Center. In 2022, two positions will be added: one additional Applications Developer and one additional 311 Customer Service Liaison. See the personnel budget summary for details. | Supplies - The supplies budget includes miscellaneous computer supplies and accessories, along with devices that are not part of the hardware refresh plan. | Services - The repairs & maintenance budget includes annual software subscription and renewal costs. The professional services budget includes software support and special projects like the SBAcademy. SBAcademy, the City’s training program, has trained employees in novel techniques that enable process improvements and other innovations that will continue to make government more efficient. | Debt Service - The principal and interest expense budget is for lease payments for various hardware refresh plans. A hardware refresh means replacing current hardware with the newest version of the equipment to combat performance and capacity issues. The City leases equipment, such as computers and printers, over a period of 3-5 years. At the end of the lease, the City has the option to return the equipment to the vendor and get new equipment. The refresh program ensures that City employees are equipped with the most current technology to better serve the City and its residents. This fund receives revenue in the form of a fixed cost interfund allocation. The annual budget for this fund is allocated between the City departments based on various criteria including number of 311 calls, number of devices, number of user licenses, departmental specific software renewal, and more. This fund does not need to carry high cash reserves because its budget is fully allocated each year. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Self-Funded Employee Benefits Fund Number 711 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 16,151,649 17,264,637 17,264,637 18,082,500 18,082,500 10,395,107 10,395,107 7,687,393 57% Other Income 868,171 645,958 645,958 810,000 810,000 449,542 449,542 360,458 55% Interest Earnings 153,013 281,357 281,357 184,659 184,659 255,321 255,321 (70,662) 138% Total Revenue 17,172,834 18,191,953 18,191,953 19,077,159 19,077,159 11,099,970 11,099,970 7,977,189 58% Expenditures by Subdivision Health Insurance 16,778,282 17,293,498 17,289,436 20,078,498 20,078,498 11,286,896 1,565,875 12,852,771 7,225,727 64% Workplace Wellness Clinic 349,692 1,862,320 1,301,396 1,289,140 1,289,140 982,422 670,783 1,653,205 (364,066) 128% Employee Wellness 86,404 81,555 143,832 145,000 145,000 65,364 39,135 104,499 40,501 72% Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 21,512,637 12,334,683 2,275,792 14,610,476 6,902,162 68% Expenditures by Type Personnel Other Personnel Costs 16,086,840 16,566,627 16,665,572 19,326,491 19,326,491 10,982,704 1,367,316 12,350,021 6,976,470 64% Total Personnel 16,086,840 16,566,627 16,665,572 19,326,491 19,326,491 10,982,704 1,367,316 12,350,021 6,976,470 64% Supplies 49,303 64,176 113,029 179,183 179,183 60,242 68,124 128,367 50,816 72% Services & Charges Professional Services 460,652 1,993,988 1,384,334 1,336,061 1,336,061 988,758 610,938 1,599,696 (263,635) 120% Printing & Advertising - - - 100 100 - - - 100 0% Insurance 613,232 603,954 568,178 669,303 669,303 302,829 229,414 532,243 137,060 80% Other Services & Charges 4,351 8,628 3,551 1,500 1,500 149 - 149 1,351 10% Total Services & Charges 1,078,234 2,606,570 1,956,063 2,006,964 2,006,964 1,291,737 840,352 2,132,088 (125,124) 106% Bad Debt - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Expenditures 17,214,377 19,237,373 18,734,663 21,512,637 21,512,637 12,334,683 2,275,792 14,610,476 6,902,162 68% Net Surplus / (Deficit) (41,543) (1,045,420) (542,711) (2,435,478) (2,435,478) (1,234,713) (3,510,505) Beginning Cash Balance 10,786,414 10,143,060 10,786,414 10,786,414 Ending Cash Balance 10,143,060 10,786,414 10,708,563 8,350,937 8,622,552 Cash Reserves Target 4,303,594 4,809,343 4,683,666 5,378,159 Fund Purpose: Explanation of Revenue Sources: 10786414.49 Explanation of Expenditures and Significant Changes/Variances: An Employee Wellness Center was opened on January 18, 2016, which was set in place with the understanding that the City should see a drop in claims expenses over time. During the 2019 budget process, it was determined that this fund was overfunded from prior years due to lower than anticipated costs. Therefore, in 2019, the City gave a one-time break in the health insurance cost per employee charged to departments. Claims are forecasted to increase 5% year over year. The City will continue to closely monitor this fund to ensure the premiums charged to employees and departments remains affordable while allowing the City to maintain excellent benefits for employees. This fund was established in 1983 when the Common Council determined that the City should become self-insured for employee health insurance (ordinance 7161-83). The purpose of this fund is to set aside monies assessed from City departments and monies collected from employees to be expended on insurance and claims relating to employees, including medical, dental, life, flex spending, etc. The City of South Bend is self-insured - it pays medical, dental, and vision claims directly, as opposed to paying an insurance company to pay the claims. Revenues for this fund come from individual departments based on the number of employees taking health insurance based on a per employee rate as set by the Controller's Office on an annual basis, as well as from employee and public safety retiree health insurance premiums. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Unemployment Compensation Fund Number 713 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 77,230 8,305 8,305 85,000 85,000 10,019 10,019 74,981 12% Interest Earnings 899 2,161 2,161 1,992 1,992 - - 1,992 0% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 78,129 10,467 10,467 86,992 86,992 10,019 10,019 76,973 12% Expenditures by Type Personnel Other Personnel Costs 24,444 77,693 77,729 - 82,500 59,438 - 59,438 23,062 72% Total Expenditures 24,444 77,693 77,729 - 82,500 59,438 - 59,438 23,062 72% Net Surplus / (Deficit) 53,685 (67,226) (67,263) 86,992 4,492 (49,419) (49,419) Beginning Cash Balance - 31,859 - - Cash Adjustments (21,826) 35,368 145,141 - Ending Cash Balance 31,859 - 77,878 4,492 (49,027) Cash Reserves Target 6,111 19,423 19,432 20,625 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2011 (ordinance 10059-10) to account for the City’s payment of unemployment claims and outplacement services on behalf of all departments. Prior to the establishment of this fund, claims were accounted for under individual departments’ operations. This fund receives revenue from an allocation charged to departments through payroll as a percent of full-time wages. During the annual budget process, the Department of Administration & Finance reviews the allocation percentage. When this fund’s cash reserves increase due to lower than anticipated claims, the allocation percentage will be decreased. As cash reserves fall below levels sufficient to support anticipated claims, the allocation percentage will be increased. In November 2016, the charge was suspended due to the fund's high cash reserves In 2020, the allocation to departments was resumed at 0.01% of full-time wages and will increase slightly each year in order to cover unemployment claims. All unemployment claims and outplacement services for all departments are paid through this fund. Claims had remained fairly low in recent years, but in 2020 claims increased substantially due to the COVID-19 pandemic. Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Parental Leave Fund Number 714 Fund Type Internal Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Charges for Services 260,138 283,791 283,791 297,000 297,000 177,589 177,589 119,411 60% Interest Earnings 4,817 14,964 14,964 14,871 14,871 25,075 25,075 (10,204) 169% Total Revenue 264,956 298,755 298,755 311,871 311,871 202,665 202,665 109,207 65% Expenditures by Type Personnel Salaries & Wages 79,873 83,396 78,021 150,000 150,000 - - - 150,000 0% Total Expenditures 79,873 83,396 78,021 150,000 150,000 - - - 150,000 0% Net Surplus / (Deficit) 185,082 215,359 220,734 161,871 161,871 202,665 202,665 Beginning Cash Balance 226,711 157,521 226,711 226,711 Cash Adjustments (254,271) (146,170) (36,928) - Ending Cash Balance 157,521 226,711 410,517 388,582 1,080,862 Cash Reserves Target 6,390 6,672 6,242 12,000 Fund Purpose: Explanation of Revenue Sources: Beginning in 2018, the City offers a Parental Leave Program to its employees to provide additional paid time off for employees for the birth or adoption of a child. The Parental Leave Program was developed based on the models of other progressive, best-in-class employers. The program is funded by an allocation to departments charged through payroll as a percent of full-time wages. During the annual budget process, the Department of Administration & Finance reviews the allocation percentage. This allocation will be increased or decreased based on the financial needs of the program and the performance of the fund. In 2022, the allocation will be 0.35% of full-time wages. The program was well-received and continues to grow. Based on historical program participation, expenditures are budgeted at 40 births x 240 hours off of work x the average hourly wage. Cash Reserves Target 8% of Annual expenditures - one month reserve City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Rainy Day Fund Number 102 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 151,774 321,428 321,428 227,508 227,508 310,354 310,354 (82,846) 136% Total Revenue 151,774 321,428 321,428 227,508 227,508 310,354 310,354 (82,846) 136% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 151,774 321,428 321,428 227,508 227,508 310,354 310,354 Beginning Cash Balance 10,910,077 10,845,986 10,910,077 10,910,077 Cash Adjustments (215,865) (257,337) (11,231,505) - Ending Cash Balance 10,845,986 10,910,077 - 11,137,585 12,146,613 Cash Reserves Target 8,998,791 9,572,816 9,643 10,050,631 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9509-04) in order to set aside monies which can be used to meet unanticipated expenses that cannot be funded from existing appropriations, to meet cash flow needs between biannual distribution of property tax receipts and other periodic distributions, for bridging a gap caused by an unexpected revenue shortfall or significant delay in receiving revenue, and for any other City purpose or need consistent with or permitted by state law. This fund can be used for mid-year or year-end advances to other funds that have cash shortages and the advances must be paid back within six months. The establishment of a Rainy Day Fund is looked upon favorably by bond rating agencies and is one of the factors resulting in South Bend's good AA bond rating with Standard & Poor's. The cash reserve requirement for this fund is 3% of prior year operational expenditures in Civil City funds, excluding interfund transfers. The City can elect to transfer unused or unencumbered funds to this fund per IC 36-1-8-5.1. Every so often, this fund receives certain "catch up" distributions of local income tax monies from the State of Indiana that are required to be deposited into this fund. During 2016, a total of 25% of the special local income tax distribution approved by the Indiana General Assembly, or $1,405,850, was deposited into the Rainy Day Fund as allowed under the statute. On an ongoing basis, this fund receives revenue from interest earned on the fund’s cash balance. No expenditures are budgeted at this time. The most recent activity was an interfund loan to four other funds during 2011. 3% of total expenditures in previous fiscal year for Civil City Funds, less interfund transfers Cash Reserves Target City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Gift, Donation, Bequest Fund Number 217 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 13,750 26,704 26,704 86,747 86,747 64,454 64,454 22,293 74% Bloomberg Mayors Challenge - - - - - - - - - Human Rights Scholarship Prog. - 2,450 2,450 12,000 12,000 14,380 14,380 (2,380) 120% Misc Revenue-Donations from Private Sources 59,996 49,909 49,909 20,000 20,000 15,487 15,487 4,513 77% Office of Sustainability - - - - - - - - - Historic Preservation 63 51 51 - - 38 38 (38) - Home Energy Improvements 105,000 - - - - 41,100 41,100 (41,100) - Code Enforcement Demolitions - - - - - - - - - Animal Resource Center Donations - - - - - - - - - Pokagon Band Donation 100,000 100,000 100,000 - - - - - - Public Donation from Private Sources - 3,473,000 3,473,000 - - - - - - Total Revenue 278,809 3,652,115 3,652,115 118,747 118,747 135,459 135,459 (16,712) 114% Expenditures by Project Wayfinding Signage Project - - 5,295,688 1,704,312 1,704,312 614,267 452,360 1,066,627 637,685 63% Bloomberg Mayors Challenge 232,795 78,044 - - - - - - - - Human Rights Scholarship Prog. - 5,856 2,971 9,000 14,000 4,348 - 4,348 9,652 31% Historic Preservation Commiss. - 266 - 1,000 1,000 - - - 1,000 0% Bike Signage - - - 2,500 2,500 - - - 2,500 0% Electric Vehicle Charging Station 32,818 24,565 10,163 25,000 51,040 3,012 (2,460) 552 50,488 1% Home Energy Improvements - - - - 11,460 - 11,460 11,460 - 100% Animal Resource Center 34,535 38,753 31,148 50,000 50,000 29,037 6,785 35,822 14,178 72% Code Enforcement Demolitions 44,425 - - - - - - - - - Pokagon Band Donation - - - - - - - - - - Total Expenditures 344,573 147,483 5,339,970 1,791,812 1,834,312 650,664 468,145 1,118,809 715,503 61% Expenditures by Type Supplies 32,818 8,182 - 2,500 2,500 - - - 2,500 0% Services & Charges Professional Services 267,330 116,796 5,326,836 1,754,312 1,754,312 643,304 459,145 1,102,449 651,863 63% Printing & Advertising - 4,732 2,971 1,000 6,000 4,348 - 4,348 1,652 72% Repairs & Maintenance - 11,460 - 25,000 25,000 - - - 25,000 0% Other Services & Charges 44,425 - - - - - - - - - Facilities Management - - - - - - - - - - Total Services & Charges 311,755 139,302 5,339,970 1,789,312 1,831,812 650,664 468,145 1,118,809 713,003 61% Total Expenditures 344,573 147,483 5,339,970 1,791,812 1,834,312 650,664 468,145 1,118,809 715,503 61% Net Surplus / (Deficit) (65,765) 3,504,631 (1,687,855) (1,673,065) (1,715,565) (515,205) (983,350) 978,522 Beginning Cash Balance 978,522 981,455 978,522 978,522 Cash Adjustments 68,698 (3,507,564) 1,604,090 - Ending Cash Balance 981,455 978,522 894,757 (737,043) 2,310,213 Cash Reserves Target - - - - Fund Purpose: Explanation of Donation Sources and Uses: This fund was established (ordinance 9870-08) to receive monies donated, given, and/or bequeathed to the City by private, non-governmental persons. Most donations, gifts, or bequests have a specific purpose designated by the donor. By accounting for the monies in this separate fund, the City can better track the expense of the monies and ensure that they are spent according to the designated purpose. Judith Westfall Irrevocable Trust - In 2017, the South Bend Animal Resource Center (SBARC) started receiving an annual donation of approximately $22,300 from the Judith Westfall Irrevocable Trust. They anticipate receiving annual contributions through 2/24/2023. Pokagon Band (2019-2022) - the City received a $100,000 annual donation from the Pokagon Band of the Potawatomi to be used towards the Bowman Creek Project Home Energy Improvements - From 2019 through 2022, the City has received private grants from the Robert & Clara Milton Charitable Trust Foundation. This private grant is to be used for the South Bend Green Corps Senior Home Energy Improvements (2019: $125,000; 2020: $100,000; 2022: $70,000). The South Bend Green Corps Senior Home Energy Improvements program assists seniors 65 years and older with home repairs. The City also received $20,000 from the Florence V. Carroll Charitable Trust to be used for Home Energy Improvements, not restricted to seniors. Bloomberg Mayor's Challenge Award (2019-2022) - The City of South Bend is developing a transportation-as-a-benefit program, partnering with local employers to provide free or subsidized transportation to/from work for low-wage shift workers who are transport insecure. Goals include reducing employee turnover, increasing productivity, and increasing resident access to employment, all of which will in turn strengthen the local economy. Of this grant, 62% of funds are allocated to personnel who will design, implement and manage the program and develop a self-sustaining model. 17% of funds are allocated to covering costs of participant transportation; the 3-year period we will transition from program-funded transportation to employer/employee-funded transportation. 18% of costs are allocated to operational/technical partners to develop and manage infrastructure (data management, participant enrollment, etc.). 3% of costs are allocated to media/communications to support employer recruitment, participant enrollment, and public messaging. 1% of costs are allocated to travel/events; it’s estimated that key program personnel will travel 1x for program research and 2x to relevant industry conferences and that the program will host 3 major events to recruit new partners/participants for the program. At the end of the 3-year period, it is expected the city will have developed a sustainable, replicable model for a transportation-as-a-benefit program which will continue to scale across the South Bend region and other similar geographies. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Loss Recovery Fund Number 227 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 5,761 53,138 53,138 41,355 41,355 81,910 81,910 (40,555) 198% Intergov./State Grants-Health 634,425 1,067,118 1,067,118 - - - - - - Total Revenue 640,186 1,120,256 1,120,256 41,355 41,355 81,910 81,910 (40,555) 198% Expenditures by Type Services & Charges Professional Services - - - 200,000 200,000 - 156,000 156,000 44,000 78% Other Services & Charges - - - 210,000 210,000 - - - 210,000 0% Total Expenditures - - - 410,000 410,000 - 156,000 156,000 254,000 38% Net Surplus / (Deficit) 640,186 1,120,256 1,120,256 (368,645) (368,645) 81,910 (74,090) Beginning Cash Balance 414,099 481,214 414,099 414,099 Cash Adjustments (573,071) (1,187,371) (481,427) - Ending Cash Balance 481,214 414,099 1,052,929 45,454 3,205,777 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 9890-08) to account for compensatory or exemplary damage payments from third parties arising from loss or damage to City tangible or intangible property. The monies deposited into this fund shall be used for costs arising from the covered loss including repair or replacement of tangible property, administrative costs of obtaining loss recovery, enhancement or improvement of City services related to the loss, with any excess to be applied to any reasonable purpose beneficial to the City. This fund was established in 2008 with the recovery of monies from lawsuits brought about by environmental actions on the Studebaker and Oliver industrial sites. The fund continues to receive, The fund has been used for capital projects related to environmental cleanup. In 2019, this fund was used to fund legal professional services related to environmental issues and granular activated carbon reconditioning. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Human Rights Federal Grants Fund Number 258 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 66,260 8,775 8,775 187,000 187,000 76,900 76,900 110,100 41% Charges for Services 1,667 20,000 20,000 - - 10,000 10,000 (10,000) - Interest Earnings 4,033 6,995 6,995 3,000 3,000 7,492 7,492 (4,492) 250% Other Income - - - 40,000 40,000 - - 40,000 0% Total Revenue 71,960 35,770 35,770 230,000 230,000 94,392 94,392 135,608 41% Expenditures by Subdivision General 2,760 - - - - - - - - - EEOC 98,244 96,673 116,706 129,396 151,746 81,585 10,482 92,067 59,679 61% HUD 81,278 100,097 114,345 230,182 230,182 101,071 11,176 112,247 117,934 49% Total Expenditures 182,282 196,770 231,051 359,577 381,927 182,656 21,658 204,314 177,613 53% Expenditures by Type Personnel Salaries & Wages 108,072 121,381 142,532 146,200 146,200 79,194 - 79,194 67,006 54% Fringe Benefits 31,431 46,580 51,677 62,377 62,377 32,813 - 32,813 29,564 53% Total Personnel 139,503 167,962 194,209 208,577 208,577 112,007 - 112,007 96,570 54% Supplies 824 1,280 2,402 12,000 12,000 1,853 - 1,853 10,147 15% Services & Charges Professional Services 21,692 1,667 250 16,400 19,157 7,171 4,400 11,571 7,586 60% Printing & Advertising 9,323 23,500 12,284 52,000 52,000 11,531 17,258 28,789 23,211 55% Education & Training 3,503 - 9,675 16,000 19,200 8,000 - 8,000 11,200 42% Travel 7,295 2,068 11,891 23,000 26,243 11,440 - 11,440 14,803 44% Repair & Maintenance - - - - - 17 - 17 (17) - Other Services & Charges 141 - - 31,000 14,150 2,133 - 2,133 12,017 15% - 294 340 600 600 287 - 287 313 48% Total Services & Charges 41,955 27,235 34,101 138,400 130,750 40,292 21,658 61,950 68,800 47% Capital - - - - 30,000 28,218 - 28,218 1,782 94% Interfund Interfund Allocations - 294 340 600 600 287 - 287 313 48% Interfund Transfers Out - - - - - - - - - - Total Interfund - 294 340 600 600 287 - 287 313 48% Total Expenditures 182,282 196,770 231,051 359,577 381,927 182,656 21,658 204,314 177,612 53% Net Surplus / (Deficit) (110,322) (161,000) (195,282) (129,577) (151,927) (88,264) (109,922) Beginning Cash Balance 426,544 486,159 426,544 426,544 Cash Adjustments 169,937 101,385 84,260 - Ending Cash Balance 486,159 426,544 315,523 274,617 250,779 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero This fund tracks the portion of the Human Rights division that is funded by the federal government. This fund is funded by federal grants, including grants from the Department of Housing & Urban Development (HUD) and the Equal Employment Opportunity Commission (EEOC). This fund also receives revenue from staff contracts. Expenditures are for the wages and benefits of two (2) full-time employees (Manager-Employment and Manager-Housing) and for supplies and services for the Human Rights Commission's activities related to fair housing and equal opportunity employment in St. Joseph County. Other staff and general expenditures for the Human Rights Commission are accounted for in the General Fund #101. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name American Rescue Plan Fund Number 263 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 29,455,024 - - - - - - - - Interest Earnings 707,757 180,695 180,695 - - 25,383 25,383 (25,383) - Total Revenue 30,162,781 180,695 180,695 - - 25,383 25,383 (25,383) - Expenditures by Type Personnel Salaries & Wages 47,970,065 - - - - - - - - - Total Personnel 47,970,065 - - - - - - - - - Services & Charges Grants & Subsidies - - - - - - - - - - Other Services & Charges 1,270 - - - - - - - - - Capital 807,053 945,227 9,321,898 24,553 24,553 18,462 5,964 24,427 126 99% Total Expenditures 48,778,388 945,227 9,321,898 24,553 24,553 18,462 5,964 24,427 126 99% Net Surplus / (Deficit) (18,615,607) (764,532) (9,141,203) (24,553) (24,553) 6,921 956 Beginning Cash Balance 29,536,642 - 29,536,642 29,536,642 Cash Adjustments (10,921,035) 30,301,173 (9,515,979) - Ending Cash Balance - 29,536,642 10,879,460 29,512,089 987,703 Cash Reserves Target - - - - 29,536,641.85 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero The City's total award amount is $58,910,047, with half of it received in 2021 and the other half to be received in 2022. This fund also receives revenue from interest earned on the fund's cash balance. ARP Premium Pay: In 2022, the Common Council appropriated $1.91 million for COVID premium pay to essential employees including police officers, firefighters, teamsters, and certain non- bargainging employees for qualify for premium pay under the rules and regulations of the ARP Act. | Vacant Building Development Financing: $500,000 is budgeted in this fund and $1.5 million in the General Fund #101 to support small-scale and mission-based developers enter into areas of the City where it is difficult to obtain traditional financing. This fund will act as a credit enhancement (“loan loss reserve fund”) for these developers for targeted projects that revitalize large, vacant buildings and/or make a commercial investment in the corridors. | Dream Center: The City is proposing to fund an $11.1 million renovation and upgrade to the Martin Luther King Jr. Center. The new facility will be called the Dream Center at Martin Luther King Jr. Park. This new, world- class, intergenerational community center will be developed in conjunction with the community, and community feedback will play a large role in deciding what facilities and programming are built at the Dream Center. This fund was established in 2021 to track the receipt and expenditure of the funds from the American Rescue Plan Act. On March 18, 2021, the Indiana State Board of Accounts issued State Examiner Directive 2021-1, which prescribes the accounting procedures for federal assistance received through the ARP Act, and on May 17, 2021, the United States Department of the Treasury published an interim final rule to describe the requirements on implementing the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the ARP Act. Both the state and the federal directives recommend the creation of a formal spending plan for the ARP Funds. In its guidance, the Department of the Treasury outlined four funding objectives for the ARP Funds. In developing its own plan for spending, the City of South Bend further grouped these four objectives into two main categories of spending: Response & Relief • Support urgent COVID-19 response efforts • Support immediate economic stabilization for households and businesses Equitable Recovery • Replace lost revenue for eligible state, local, territorial, and Tribal governments • Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic Spending allocated for “Response and Relief” is intended to provide direct, rapid relief to residents and businesses who have experienced economic or health-related harms related to the pandemic. Spending allocated for “Equitable Recovery” is intended to rebuild a more equitable economy and community by addressing systemic challenges that have been present in our community for decades. In Sections 602(c)(1) and 603(c)(1) of ARPA, Congress provided four eligible uses of funds: a) To respond to the public health emergency or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality; b) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers; c) For the provision of government services to the extent of the reduction in revenue due to the COVID–19 public health emergency relative to revenues collected in the most recent full fiscal year prior to the emergency; and d) To make necessary investments in water, sewer, or broadband infrastructure City of South Bend, Indiana Monthly Financial Report July 31, 2025 2025 2025 2025 2025 Total 2022 223 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Expenditures by Fund General Fund (#101) 8,812,411 10,775,075 - 758,238 13,183,536 1,521,419 4,172,896 5,694,315 7,489,221 43% Solid Waste Operations Fund (#640) - - - - 109,035 - - - 109,035 0% Water Works Operations Fund (#620) - - - - 134,865 - - - 134,865 0% Sewer Repair Insurance Fund (#640) - - - - - - - - - - Sewer Works Operations Fund (#641) - - - - - - - - - - Project Releaf Fund (#655) - - - - - - - - - - Storm Sewer Fund (#667) - - - - 10,305 - - - 10,305 0% American Rescue Plan (#263)2,697,983 945,227 - 16,962 24,553 18,462 5,964 24,427 126 99% Total Expenditures by Fund 11,510,393 11,720,302 - 775,200 13,462,294 1,539,881 4,178,860 5,718,742 7,743,552 42% Expenditures by ARP Programs Strong Neighborhoods Home Repair Assistance Programs 4,980 1,440 - 16,870 1,439,107 16,870 55,160 72,030 1,367,077 5% Housing Financing - 121,108 - 143,638 1,895,438 389,669 1,505,769 1,895,438 - 100% Home Buying Assistance 55 - - - 999,945 - - - 999,945 0% Additional Neighborhood Infrastructure 737,196 1,232,733 - - 257,449 - - - 257,449 0% City-wide Comprehensive Plan 174,195 105,479 - - 189,159 - 10,000 10,000 179,159 5% Plan Implementation 17,000 251,541 - - 31,459 9,000 22,400 31,400 59 100% Land Bank Startup Costs - 27,390 - - 203,225 - - - 203,225 0% Demolitions (Vacant & Abandoned / Commercial) 892,419 128,991 - (89,145) 1,529,746 (80,605) 266,657 186,052 1,343,693 12% Neighborhood Development Assistance - 0 - - 95,453 6,558 65,442 72,000 23,453 75% Vacant Building Development Financing - 500,000 - - 1,000,000 - 1,000,000 1,000,000 - 100% Neighborhood Recovery Grants - 80,000 - - 120,000 - - - 120,000 0% Neighborhood Main Streets (Bike Racks, Trash Cans, etc.) 16,840 15,644 - 9,362 289,643 69,362 132,778 202,140 87,504 70% Athletic Court Repair 1,009,229 504,772 - - 70,523 - 70,523 70,523 - 100% Subtotal 2,851,915 2,969,099 - 80,725 8,121,145 410,854 3,128,729 3,539,583 4,581,564 44% Safe Community for Everyone Homelessness Strategy Implementation 200,000 - - - - - - - - - County Partnerships on Homelessness & Mental Health 1,000,000 5,241,510 - - 5,090 90 - 90 5,000 2% Gun Violence Intervention 15,668 63,222 - 9,185 327,238 47,748 - 47,748 279,490 15% Public Safety Technology Upgrades 195,531 814,425 - 439 224,476 44,488 88,355 132,843 91,633 59% COVID Response - - - - - - - - - - COVID Facilities Upgrades 66,774 209,033 - 11,413 11,492 11,413 - 11,413 79 99% ARP Premium Pay 1,889,660 - - - - - - - - - Subtotal 3,367,632 6,328,189 - 21,036 568,296 103,739 88,355 192,095 376,202 34% Robust, Sustainable Infrastructure - Green Infrastructure Greener Homes - - - - - - - - - - Solarize, Switch & Save 133,500 91,060 - - 75,440 - - - 75,440 0% Commercial Recycling Partnership for CBD’s - 806 - - 74,194 7,166 4,204 11,369 62,825 15% EV Plan & Deployment 2,897 85,277 - - 61,826 - - - 61,826 0% Distributed Solar/Storage 150,000 - - - 850,000 - - - 850,000 0% Subtotal 286,397 177,143 - - 1,061,460 7,166 4,204 11,369 1,050,091 1% Equitable Access to Opportunity Small Business Assistance - 107,366 - 137,181 1,168,969 442,218 392,106 834,324 334,645 71% Utility Relief 1,131,794 868,000 - - 254,411 - - - 254,411 0% Streamlined Assistance 281,613 133,800 - 19,296 101,417 27,442 40,703 68,145 33,271 67% Opportunity Fund 54,600 64,434 - 500,000 1,000,001 500,000 500,000 1,000,000 1 100% Immigration Support 63,848 37,500 - - 2 - - - 2 0% Subtotal 1,531,856 1,211,100 - 656,477 2,524,799 969,660 932,809 1,902,469 622,330 75% Youth and Workforce Development Workforce Development 152,606 44,645 - - 51,399 30,000 18,799 48,799 2,600 95% Dream Center 808,323 945,227 - 16,962 24,553 18,462 5,964 24,427 126 99% Pre-K Centers 2,511,664 44,898 - - 1,110,642 - - - 1,110,642 0% Subtotal 3,472,593 1,034,770 - 16,962 1,186,594 48,462 24,763 73,226 1,113,368 6% Total Expenditures by Program 11,510,393 11,720,302 - 775,200 13,462,294 1,539,881 4,178,860 5,718,742 7,743,555 42% American Rescue Plan: Signed into law on March 11, 2021, the American Rescue Plan Act of 2021 (“ARP Act”) is a $1.9 trillion economic stimulus bill designed to facilitate recovery from the economic and health effects of the COVID-19 pandemic and the resulting, ongoing recession. As a part of this legislation, Congress allocated $350 billion to state, local, territorial and Tribal governments to respond to the pandemic, provide economic relief, and lay the foundation for a strong and equitable recovery. The City of South Bend was one of almost 1,200 Metropolitan Cities across the country that received a direct infusion of resources as a result of this Act. The City’s allocation totaled $58,910,047 (the “ARP Funds”). American Rescue Plan Budget Summary - Fund 101 & 263 City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name COVID-19 Response Fund Number 264 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Grants 460,352 368,404 368,404 5,000 5,000 4,166 4,166 834 83% Other Income - - - - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 460,352 368,404 368,404 5,000 5,000 4,166 4,166 834 83% Expenditures by Activity Mayor's Office - - - - - - - - - - Common Couuncil - - - - - - - - - - Administration & Finance - - - - - - - - - - Public Works - - - - - - - - - - Innovation & Technology - - - - - - - - - - Police Department - - - - - - - - - - Fire Department - - - - - - - - - - Community Investment 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) - Venues, Parks & Arts - - - - - - - - - - Code Enforcement - - - - - - - - - - Building Department - - - - - - - - - - Total Expenditures 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) - Expenditures by Type Supplies - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - Printing & Advertising - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - Grants & Subsidies 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) - Other Services & Charges - - - - - - - - - - Total Services & Charges 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) - Interfund Transfers Out - - - - - - - - - - Total Expenditures 525,002 383,405 118,138 - - 4,166 - 4,166 (4,166) - Net Surplus / (Deficit) (64,649) (15,001) 250,265 5,000 5,000 - - Beginning Cash Balance - 53,214 - - Cash Adjustments 117,864 (38,213) (303,186) - Ending Cash Balance 53,214 - (52,921) 5,000 - Cash Reserves Target - - - - =SUMIF(TableCashBalanceByFund[Fund],R9C13,TableCashBalanceByFund[12/31/2021]) Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Grant fund - spend down to zero This fund was established in 2020 to track the costs associated with the City's response to the COVID-19 coronavirus pandemic. This fund will receive grants including funds from the Federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Housing and Urban Development (HUD), Community Development Block Grant (CDBG), and Emergency Solutions Grant (ESG). Expenditures are related to various activities such as funding for quarantine sites, public health communications, personal protective equipment (PPE), cleaning/sanitizing supplies, and lost wages. In 2020 the U.S. Department of Housing and Urban Development (HUD) awarded special allocations of Community Development Block Grant (CDBG) and Emergency Solutions Grant (ESG) program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) as part of the CARES Act. The CDBG funds are aimed at community and economic development, and ESG funds are aimed at aiding individuals and families who are homeless or receiving homeless assistance and to support additional homeless assistance and homelessness prevention activities. The 2020 awards include $1,491,174 CDBG-CV1, $759,783 ESG-CV1, and $787,585 ESG-CV2. These funds are required to be spent by July 2022. If any additional special allocations are awarded to the City, they will be accounted for in this fund. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Local Income Tax - Certified Shares Fund Number 404 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 9,591,298 - - - - - - - - Interest Earnings 205,249 (329,900) (329,900) - - 11,707 11,707 (11,707) - Debt Proceeds 1,632,000 - - - - - - - - Other Income 53,680 318,253 318,253 - - - - - - Interfund Transfers In 730,725 - - - - - - - - Total Revenue 12,212,952 (11,647) (11,647) - - 11,707 11,707 (11,707) - Expenditures by Activity General City 1,248,612 13,131,982 47,676 45,564 45,564 45,564 - 45,564 - 100% Legal Dept 625 - - - - - - - - - Information Technology 31,365 40,135 - - - - - - - - Police Department 4,030,548 1,138,217 1,138,217 - - 1,000,898 - 1,000,898 (1,000,898) - Vacant & Abandoned Houses 338,827 - - - - - - - - - Community Investment 687,244 - - - - - - - - - Parks & Recreation 1,324,793 84,198 11,356 - - - - - - - Morris Performing Arts Center - - - - - - - - - - Light Up South Bend 158,047 - 99,875 - - - - - - - Streets 3,750,000 - - - - - - - - - Curb & Sidewalk 1,500,000 - - - - - - - - - Traffic Signals & Street Lighting 1,327,014 - - - - - - - - - Total Expenditures 14,397,074 14,394,532 1,297,124 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297% Expenditures by Type Supplies 107,876 - 99,875 - - - - - - - Services & Charges Professional Services 87,389 40,135 47,676 45,564 45,564 45,564 - 45,564 - 100% Printing & Advertising - - - - - - - - - - Utilities 1,327,014 - - - - - - - - - Repairs & Maintenance 912,701 84,198 11,356 - - - - - - - Grants & Subsidies 1,016,129 - - - - - - - - - Other Services & Charges 1,564,276 172 - - - - - - - - Debt Service Interest & Fees 40,171 58,178 50,475 - - 25,838 - 25,838 (25,838) - Total Services & Charges 6,217,414 1,262,722 1,197,249 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297% Capital 2,692,887 - - - - - - - - - Interfund Interfund Allocations 9,676 - - - - - - - - - Interfund Transfers Out 5,369,221 13,131,810 - - - - - - - - Total Interfund 5,378,897 13,131,810 - - - - - - - - Total Expenditures 14,397,074 14,394,532 1,297,124 45,564 45,564 1,046,462 - 1,046,462 (1,000,898) 2297% Net Surplus / (Deficit) (2,184,123) (14,406,179) (1,308,771) (45,564) (45,564) (1,034,755) (1,034,755) 18,631,245 Beginning Cash Balance 18,631,245 14,902,237 18,631,245 18,631,245 Cash Adjustments (1,544,885) 18,135,187 (870,671) - Ending Cash Balance 14,902,237 18,631,245 16,451,803 18,585,681 (247,915) Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Funds are used for debt service payments for police cars & equipment, certain organizations' grants and operational subsidies, capital expenditures, and other uses as deemed by the Mayor and Council. | In 2022, the interfund transfer to the Motor Vehicle Highway Fund (#202) is $3.75 million for street paving & patching and $1.5 million for the curb & sidewalk program. | The City replaced its 20+ year-old accounting software system. The implementation lasted 18 months, cost about $3 million, and went live on May 1, 2020. An ongoing software support contract is budgeted at $80k a year. | In 2021, Dept of Community Investment (DCI) activities formerly paid out of this fund were moved into Fund #408 in order to consolidate DCI expenditures. | The City continues to budget funding for the demolition of vacant & abandoned houses, budgeted in Fund #101 for 2022. | The Dept of Public Works manages the Light Up South Bend program - a partnership with Indiana/Michigan Power Co. to install additional street lights in neighborhoods throughout South Bend. The Lamppost Lighting Program is meant to improve safety by adding more street lighting throughout South Bend. The City selected two areas where residents pay less for a lamppost. They were chosen based on income, number of vacant lots, and need for lighting in the neighborhood. | This fund also provides operating subsidies to the Studebaker Museum and the South Bend Museum of Art. | Police patrol cars are purchased through 5-year capital leases. The debt service principal and interest payments are paid by this fund. This fund receives the Certified Shares portion of the City's Local Income Tax (LIT) revenue distribution. Local income tax revenue is determined annually by the Indiana Dept of Local Government Finance (DLGF). In 2021, the St. Joseph County Council passed a resolution to amend the local income tax rate and dedicate a portion of the certified shares income tax to fund the consolidated county-wide 911 call center called PSAP (Public Safety Answering Point). As a result, the City's certified shares distribution will be reduced going forward, starting in 2022. Previously, the City paid for its portion of the operating costs for PSAP out of the Local Income Tax Economic Development Fund (#408). Other Income is principal from an interfund loan (debt schedule #82) being repaid by the UDAG Fund (#410). This fund also receives revenue from interest earned on the fund's cash balance. Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established to account for the receipt of the certified shares component of the local income tax. Funds are used to items such as debt service payments, certain organizations’ grants and operational subsidies, capital expenditures and other uses as deemed by the Mayor and Council. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Cumulative Capital Development Fund Number 406 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 492,015 581,307 581,307 691,286 691,286 389,586 389,586 301,700 56% Intergov./ Shared Revenues 19,615 43,758 43,758 62,613 62,613 21,568 21,568 41,045 34% Interest Earnings 2,505 4,133 4,133 - - 8,862 8,862 (8,862) - Total Revenue 514,135 629,199 629,199 753,899 753,899 420,016 420,016 333,883 56% Expenditures by Activity Transfer to Fund 404 143,687 458,333 500,000 500,000 500,000 291,667 - 291,667 208,333 58% Police Department 367,808 260,548 48,541 391,096 391,096 - - - 391,096 0% Park Capital - - - - - - - - - - Total Expenditures 511,495 718,881 548,541 891,096 891,096 291,667 - 291,667 599,429 33% Expenditures by Type Services & Charges Debt Service Principal 353,115 255,412 47,993 347,568 347,568 - - - 347,568 0% Debt Service Interest & Fees 14,694 5,136 547 43,529 43,529 - - - 43,529 0% Total Services & Charges 367,808 260,548 48,541 391,096 391,096 - - - 391,097 0% Capital - - - - - - - - - - Interfund Transfers Out 143,687 458,333 500,000 500,000 500,000 291,667 - 291,667 208,333 58% Total Expenditures 511,495 718,881 548,541 891,096 891,096 291,667 - 291,667 599,430 33% Beginning Cash Balance 286,746 169,893 286,746 286,746 Cash Adjustments (119,492) 206,535 (78,428) - Ending Cash Balance 169,893 286,746 288,976 149,549 492,636 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund is used to account for expenditures relating to the purchase or lease of capital improvements in the City. A cumulative capital development fund is defined under Indiana Code (I.C. 36-9- 16) and was established by the Common Council in 1985 (ordinance no. 7486-85). This fund receives revenue from a property tax levy. Distributions are received from St. Joseph County in June and December. The Cumulative Capital Development (CCD) property tax is a special tax rate that is reduced by circuit breaker property tax caps and will likely result in less revenue in future years unless the rate is re-established. This fund also receives auto excise and commercial vehicle excise tax. Currently, this fund pays the debt service payments for several police vehicle capital lease-purchases. About 34 patrol cars need to be replaced every year to maintain the fleet. Cars are kept for at least five years, up to 10, depending on wear and tear. The cost is about $43,000 per vehicle, including the cost of outfitting the vehicle with the necessary equipment. Due to declining cash reserves in this fund, the police vehicle capital lease-purchases for 2020 through 2023 will be funded by the Local Income Tax Certified Shares Fund (#404). This fund will continue to pay off current leases over that time and will not take on any new debt until cash reserves can support it in 2024. In 2022, this fund will transfer $143,687 to Fund #404 to help offset the debt service payments paid out of that fund. 2019-2020 included a one-time capital expenditure of $285,500 to help fund the My SB Parks & Trails project at Howard Park. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Cumulative Capital Improvement Fund Number 407 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Intergov./ Shared Revenues 187,765 187,788 187,788 173,274 173,274 152,198 152,198 21,076 88% Interest Earnings 7,039 7,680 7,680 - - 9,986 9,986 (9,986) - Other Income - - - - - - - - - Total Revenue 194,804 195,468 195,468 173,274 173,274 162,184 162,184 11,090 94% Expenditures by Activity Transfer to Fund 404 239,341 275,000 75,000 75,000 75,000 43,750 - 43,750 31,250 58% Community Investment - - - - - - - - - - Park Vehicles & Equipment - - - - - - - - - - Venues, Parks & Arts Capital 246,116 996 - - - - - - - - Streets Vehicles & Equipment - - - - - - - - - - Total Expenditures 485,457 275,996 75,000 75,000 75,000 43,750 - 43,750 31,250 58% Expenditures by Type Capital 246,116 996 - - - - - - - - Interfund Transfers Out 239,341 275,000 75,000 75,000 75,000 43,750 - 43,750 31,250 58% Total Expenditures 485,457 275,996 75,000 75,000 75,000 43,750 - 43,750 31,250 58% Net Surplus / (Deficit) (290,653) (80,528) 120,468 98,274 98,274 118,434 118,434 Beginning Cash Balance 651,096 676,798 651,096 651,096 Cash Adjustments 316,355 54,826 (412,544) - Ending Cash Balance 676,798 651,096 359,020 749,370 424,982 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital fund - spend down to zero This fund was established (ordinance 4832-66) in 1966 to account for the receipt of cigarette tax revenue designated to be used solely for capital improvements. This fund receives cigarette tax revenue. Other Income is $25,000 from the South Bend School Corporation for rental of property. In 2020, the revenue was only $18,750 as the City gave a discount due to COVID-19. This fund also receives revenue from interest earned on the fund's cash balance. In 2019, $28,000 was used to purchase furniture for the Howard Park Renovation Project, part of the greater My SB Parks & Trails Project managed by the Department of Venues, Parks & Arts. | In 2020, $250,000 was transferred to the Motor Vehicle Highway Fund (#202) to support vehicle and equipment capital purchases for the Streets Division. | In 2021, $262,145 was budgeted for an interfund transfer to the Parks & Recreation Fund (#201) to support vehicle and equipment capital purchases for the Park Maintenance Division of the Department of Venues, Parks & Arts. | In 2022, $250,000 is budgeted for the Studebaker Museum roof project managed by the Department of Venues, Parks & Arts. Also budgeted in 2022, $239,341 interfund transfer to the Local Income Tax Certified Shares Fund (#404) to help offset the debt service payments for police vehicle capital leases paid out of that fund. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Local Income Tax - Economic Development Fund Number 408 Fund Type Special Revenue Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 12,704,389 17,660,862 17,660,862 17,774,148 17,774,148 10,782,027 10,782,027 6,992,121 61% Intergov./ Grants - 44,703 44,703 - - 30,401 30,401 (30,401) - Fines, Forfeitures, and Fees - - - - - - - - - Interest Earnings 353,542 750,667 750,667 177,628 177,628 769,821 769,821 (592,193) 433% Donations 67,950 7,500 7,500 - - - - - - Other Income 165,020 1,124 1,124 500 500 - - 500 0% Interfund Transfers In - - - - - - - - - Total Revenue 13,290,901 18,464,856 18,464,856 17,952,276 17,952,276 11,582,248 11,582,248 6,370,027 65% Expenditures by Activity General City 2,834,071 64,117 2,792,305 6,170,506 7,995,506 6,092,173 1,515,998 7,608,170 387,336 95% PSAP - - - - - - - - - - Community Investment 5,741,067 6,783,252 5,849,366 7,084,718 10,129,718 3,133,146 1,336,278 4,469,423 5,660,295 44% Neighborhoods 3,562,633 3,839,034 6,405,002 10,358,998 10,358,998 4,240,640 870,346 5,110,986 5,248,012 49% Streets 1,257,250 2,379,999 396,395 6,922,910 6,922,910 1,695,982 220,119 1,916,101 5,006,809 28% 2015 Park Bonds 374,474 308,421 430,191 382,031 382,031 186,714 - 186,714 195,317 49% Potawatomi Zoo - 1,100,000 - 100,000 100,000 100,000 - 100,000 - 100% 2018 Zoo Bonds 332,100 334,500 326,500 318,000 318,000 318,000 - 318,000 - 100% Engineering - - - 50,000 50,000 - - - 50,000 0% 2021 Infrastructure Bonds 575,500 644,500 643,500 643,900 643,900 321,500 - 321,500 322,400 50% Four Winds/Coveleski Stadium - - 19,000 - - - - - - - Total Expenditures 14,677,096 15,453,823 16,862,259 32,031,064 36,901,064 16,088,155 3,942,740 20,030,895 16,870,169 54% Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services 380,420 489,734 583,421 496,164 1,096,164 141,328 224,974 366,303 729,861 33% Printing & Advertising 8,644 1,969 1,000 10,027 10,027 - 4,103 4,103 5,923 41% Utilities 47,538 41,208 159,322 74,285 299,285 270,034 - 270,034 29,251 90% Repairs & Maintenance 1,526,173 2,411,278 530,650 2,152,517 2,632,517 2,020,684 476,933 2,497,617 134,901 95% Grants & Subsidies 2,817,950 3,696,740 2,651,419 4,667,380 4,557,380 1,759,462 1,457,874 3,217,336 1,340,044 71% Other Services & Charges 39,675 123,986 383,561 1,148,973 1,148,973 386,461 258,178 644,638 504,335 56% Debt Service Interest & Fees 142,850 135,250 127,250 119,000 119,000 118,000 - 118,000 1,000 99% Total Services & Charges 5,153,250 7,100,164 4,636,623 8,868,346 10,063,346 4,895,968 2,422,062 7,318,030 2,745,315 73% Capital 3,003,653 324,647 498,495 6,187,786 9,862,786 6,093,973 1,520,678 7,614,650 2,248,136 77% Interfund Transfers Out 6,520,192 8,029,012 11,727,141 16,974,931 16,974,931 5,098,214 - 5,098,214 11,876,717 30% Total Expenditures 14,677,096 15,453,823 16,862,259 32,031,064 36,901,064 16,088,155 3,942,740 20,030,895 16,870,168 54% Net Surplus / (Deficit) (1,386,195) 3,011,033 1,602,596 (14,078,788) (18,948,788) (4,505,906) (8,448,646) Beginning Cash Balance 24,795,353 24,795,353 24,795,353 24,795,353 Cash Adjustments 1,386,195 (3,011,033) (3,023,093) - Ending Cash Balance 24,795,353 24,795,353 23,374,857 5,846,566 25,929,506 Cash Reserves Target 7,338,548 7,726,911 8,431,130 18,450,532 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: PSAP - Prior to 2022, this fund paid for the City's portion of the operating costs for the consolidated county-wide 911 call center called PSAP (Public Safety Answering Point). In 2021, the St. Joseph County Council passed a resolution to amend the local income tax rate and dedicate a portion of the certified shares income tax to fund PSAP. As a result, the City's certified shares distribution (received in Fund #404) will be reduced going forward, starting in 2022, and the budget for PSAP in this fund will be reduced to cover only the debt service payments for the 2014 PSAP Bonds. | New Admin Building - In March 2022, the Common Council approved an additional appropriation for $7.8 million for the purchase and renovation of South Bend Community School Corporation admininstration building. If the sale proceeds, the City of South Bend will move its offices from the County-City Building to the newly acquired building. | Interfund Transfers - This fund provides operating subsidies for the Department of Community Investment (DCI). Subsidies are provided to the Community Investment Division (Fund #211) and the Neighborhoods Division (Fund #221 & #230). DCI does not collect enough revenue to support its operations so the City makes up the difference with income tax dollars. | Community Investment - Various community and economic development initiatives administered by DCI are accounted for in this fund. 2022 DCI budgeted expenditures include: Business Development - $480k for workforce development, $250k for small business assistance, $100k for the South Bend Chamber of Commerce | Neighborhoods - $550k for vacant & abandoned demolitions, $450k for the Homeless Strategy ($75k contract position, $275k weather amnesty, $25k County coordinator support, $100k PSH leasing, $175k project support), $350k for the Home Repair Program, $50k for eviction prevention | Engagement - $255k for neighborhood organization support, $40k for consulting fees to support development of Civic Engagement Toolkit and Public Engagement Plan | Planning - $150k for development of two neighborhood plans, $35k for West Side Main Streets, $5k for public art - SB Mural Festival support, $10k for place making art grant |Property - $50k for appraisals, $100k for surveys, $226k for expenses related to Redevelopment owned properties, $50k for an alley stabilization pilot program, $107k for mowing of vacant lots. | Debt Service - The fund is used to pay for debt service for the following bonds: • 2015 Economic Development Income Tax Bonds (Park Projects), (Interfund Transfer to Fund #757) - final payment 8/1/35, (debt schedule #141) • 2018 Economic Development Revenue Bonds (Potawatomi Zoo Project) - final payment 2/1/34, (debt schedule #175) • 2021 South Bend Building Corporation LIT Lease Rental Revenue Bonds (Infrastructure Projects), (Interfund Transfer to Fund #755) - final payment 8/1/36, (debt schedule #215) This fund was established to account for the receipt of the economic development component of the local income tax. Funds are used to items such as debt service payments, economic development, capital expenditures benefiting economic development street operations and other uses as deemed by the Mayor and Council. This fund receives the Economic Development portion of the City's Local Income Tax (LIT) revenue distribution. The City of South Bend receives an allocated share of the 0.4% income tax on wages within St. Joseph County. Local income tax revenue is determined annually by the Indiana Dept of Local Government Finance (DLGF). Income tax revenue is expected to decrease over the next couple years as a result of the COVID-19 pandemic. Other Income is from the sale of properties held for resale by the Department of Community Investment. This fund also receives revenue from interest earned on the fund's cash balance. The final payment of the TJX job penalty amount of $354,660 was received in 2020. The job penalty fines were assessed because the company A.J. Wright violated its development agreement with the city, under which it benefited from a taxpayer-funded incentive package worth more than $10 million. TJX, the parent company of A.J. Wright, has been paying the job penalty fines since 2011. Cash Reserves Target 50% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Equipment/Vehicle Leasing Fund Number 750 Fund Type Capital Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings - - - - - - - - - Total Revenue - - - - - - - - - Expenditures by Type Services & Charges Debt Service Principal - - - - - - - - - - Debt Service Interest & Fees - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Interfund Transfers Out 347,697 - - - - - - - - - Total Expenditures 347,697 - - - - - - - - - Net Surplus / (Deficit) (347,697) - - - - - - Beginning Cash Balance 347,697 347,680 347,697 347,697 Cash Adjustments 347,680 17 (347,697) - Ending Cash Balance 347,680 347,697 - 347,697 - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Capital lease fund - spend down to zero This fund was used to track the expenditures of capital lease proceeds used to purchase vehicles and equipment for City departments. The funds are held by an escrow agent and expended upon the provision by the City of a proper claim form and invoice. Historically, the City has used 5-year capital leases and received an interest rate around 2%. Debt service principal and interest payments are budgeted in individual departments. Starting in 2020, the City changed its accounting for capital leases. The balance of the lease proceeds held in escrow are now accounted for in the fund that is repaying the debt instead of a single leasing fund. Historically, this fund received revenue in the form of capital lease proceeds and interest earned on those proceeds while they were held in an escrow account. The 2017 Vehicle/Equip Lease #2 is the only remaining lease still being accounted for in this fund. The remaining balance in the escrow will be used towards repayment of the debt and therefore the balance of the escrow should be accounted for in the fund that is repaying the lease: Local Income Tax Certified Shares Fund (#404). In 2022, the remaining cash in this fund was transferred to Fund #404 and this fund was discontinued. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name South Bend Redevelopment Authority Fund Number 752 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 2,855 16,077 16,077 15,272 15,272 10,736 10,736 4,535 70% Interfund Transfers In 3,055,500 3,825,000 3,825,000 6,205,519 6,205,519 3,807,550 3,807,550 2,397,969 61% Debt Proceeds - (33,098,353) (33,098,353) - - - - - - Total Revenue 3,058,355 (29,257,277) (29,257,277) 6,220,790 6,220,790 3,818,286 - 3,818,286 2,402,504 61% Expenditures by Type Services & Charges Debt Service Principal 2,030,000 2,205,000 2,300,000 3,105,000 3,105,000 1,385,000 - 1,385,000 1,720,000 45% Interfund Transfers - - - - - 1,154,041 - 1,154,041 (1,154,041) - Debt Service Interest & Fees 1,012,027 1,447,309 2,386,781 3,628,009 3,628,009 3,767,500 - 3,767,500 (139,491) 104% Total Expenditures 3,042,027 3,652,309 4,686,781 6,733,009 6,733,009 6,306,541 - 6,306,541 426,468 94% Net Surplus / (Deficit) 16,328 (32,909,585) (33,944,058) (512,218) (512,218) (2,488,254) (2,488,254) Beginning Cash Balance 242,425 232,423 242,425 242,425 Cash Adjustments (26,330) 32,919,587 33,960,386 - Ending Cash Balance 232,423 242,425 258,753 (269,793) 2,678,955 Cash Reserves Target 232,423 242,425 258,753 (269,793) Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the bi-annual debt service principal and interest payments for various debt issued by the South Bend Redevelopment Authority. The South Bend Redevelopment Authority is a separate legal entity that is recorded in the City's Annual Comprehensive Financial Report (ACFR). This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the City funds that are funding the repayment of the debt. This fund also receives revenue from interest earned on the cash balance at the trustee bank. Current debt includes: • 2013 Century Center Special Tax Bonds, Refunding 2008 - debt payments funded by interfund transfers from River West TIF Fund (#324), final payment 5/1/26, (debt schedule #62) • 2015 Eddy St Commons-Lease Rental Revenue Bonds, Refunding 2008 - debt payments funded by interfund transfers from River East Residential TIF Fund (#436), final payment 2/15/33, (debt schedule #54) • 2022 South Bend Redevelopment Authority Lease Rental Revenue Bonds, Morris Project - debt payments funded by interfund transfers from Redevelopment General Fund (#433), final payment 2/1/46, (debt sched. #221) Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name South Bend Building Corporation Fund Number 755 Fund Type Debt Service Funds Control City Funds 2025 2025 2025 2025 Total 2022 2023 2024 Adopted Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 1,249 3,995 3,995 - - 1,777 1,777 (1,777) - Debt Proceeds - - - - - - - - - Interfund Transfers In 2,736,000 2,217,500 2,217,500 1,428,605 1,428,605 1,122,000 1,122,000 306,605 79% Total Revenue 2,737,249 2,221,495 2,221,495 1,428,605 1,428,605 1,123,777 1,123,777 304,828 79% Expenditures by Type Services & Charges Debt Service Principal 2,195,000 1,645,000 910,000 950,000 950,000 615,000 - 615,000 335,000 65% Debt Service Interest & Fees 554,716 557,118 514,543 480,605 480,605 244,909 - 244,909 235,696 51% Total Services & Charges 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 859,909 - 859,909 570,696 60% Interfund Transfers Out - - - - - - - - - - Total Expenditures 2,749,716 2,202,118 1,424,543 1,430,605 1,430,605 859,909 - 859,909 570,696 60% Net Surplus / (Deficit) (12,468) 19,377 796,952 (2,000) (2,000) 263,869 263,869 Beginning Cash Balance 224,375 833,535 224,375 224,375 Cash Adjustments 621,627 (628,537) (809,420) - Ending Cash Balance 833,535 224,375 211,908 222,375 513,252 Cash Reserves Target 833,535 224,375 211,908 222,375 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for bi-annual debt service principal and interest payments for various debt issued by the South Bend Building Corporation. The South Bend Building Corporation is a separate legal entity, but is reported as a fund in the City's Annual Comprehensive Financial Report (ACFR). This fund accounts for the trustee bank's receipt of debt service payments from the City, recorded as interfund transfers from the City funds that are funding the repayment of the debt. This fund also receives revenue from interest earned on the cash balance at the trustee bank. In 2021, the City issued the LIT Lease Rental Revenue Bonds, Series 2021 (known as the 2021 LIT Infrastructure Bonds). The bonds were issued to fund street and neighborhood infrastructure projects. The bonds were closed on May 12, 2021 with a par amount of $7,610,000 and a premium of $1,250,022, a total of $8,860,022. The bonds have a net interest rate of 3.4%. The bond proceeds were deposited into this fund and transferred to the bond capital fund (#455). Current debt includes: • 2012 Fire Station/Police Dept Renovations Refunding Bonds, Refunding 2003 - debt payments funded by interfund transfers from River West TIF Fund (#324), final payment 2/1/23, (debt schedule #39) • 2013 EMS/Fire Station/Tower Bonds - debt payments funded by interfund transfers from Fire Department Capital Fund (#287), final payment 2/1/33, (debt schedule #116) • 2021 LIT Infrastructure Bonds - debt payments funded by interfund transfers from Local Income Tax Economic Development Fund (#408), final payment 8/15/37, (debt schedule #215) • 2022 Economic Development Revenue Bonds, Potawatomi Zoo Project - debt payments funded by interfund transfers from Redevelopment General Fund (#433), final payment 2/1/42, (debt schedule #222) In 2021, the final payment for the 2010 Public Works Service Center Refunding Bonds (Refunding 2001) was made on 2/1/21, (debt schedule #36). The debt service reserve balance of $647,148 was disbursed by the trustee bank when the bonds were paid off. 87.7% was transferred to the River West TIF Fund (#324) and 12.3% was transferred to the Sewage Works Operating Fund (#641), the funds that repaid the debt. In 2021, the cost of issuance for the 2021 LIT Infrastructure bonds was accounted for in this fund. The remaining bond proceeds, after cost of issuance was deducted, was $8,601,026. That amount was transferred to the bond capital fund (#455) to be used towards the approved capital infrastructure projects. Cash Reserves Target 100% cash reserves per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - River West Development Area Fund Number 324 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 16,811,078 19,559,921 19,559,921 20,984,804 20,984,804 11,454,809 11,454,809 9,529,995 55% Intergov./ Shared Revenues 200,000 385,000 385,000 283,500 283,500 385,000 385,000 (101,500) 136% Intergov./ Grants 123,848 331,620 331,620 402,850 402,850 6,255,187 6,255,187 (5,852,337) 1553% Charges for Services - - - - - - - - - Interest Earnings 431,088 868,831 868,831 1,086,498 1,086,498 733,561 733,561 352,937 68% Donations - - - - - - - - - Debt Proceeds - - - - - - - - - Other Income 167,125 68,639 68,639 133,500 133,500 156,732 156,732 (23,232) 117% Interfund Transfers In 16 8 8 - - - - - - Total Revenue 17,733,155 21,214,018 21,214,018 22,891,152 22,891,152 18,985,289 18,985,289 3,905,863 83% Expenditures by Type Services & Charges Professional Services 669,160 761,913 2,614,706 5,508,406 6,762,994 1,694,126 4,555,987 6,250,113 512,881 92% Debt Service Principal 3,711,202 3,874,615 4,054,615 1,207,742 1,207,742 720,181 - 720,181 487,561 60% Debt Service Interest & Fees 812,903 641,646 470,510 309,548 438,427 273,488 - 273,488 164,939 62% Other Services & Charges 250,000 225,000 2,421,357 2,128,643 4,350,676 894,719 573,229 1,467,948 2,882,728 34% Total Services & Charges 5,443,266 5,503,174 9,561,189 9,154,339 12,759,839 3,582,514 5,129,216 8,711,730 4,048,109 68% Capital 6,103,348 12,780,071 26,014,116 14,776,988 27,544,488 5,307,823 3,365,641 8,673,464 18,871,024 31% Interfund Transfers Out 4,710,000 4,270,800 3,670,300 5,116,281 5,116,281 4,657,070 - 4,657,070 459,211 91% Total Expenditures 16,256,613 22,554,045 39,245,605 29,047,608 45,420,608 13,547,407 8,494,857 22,042,265 23,378,344 49% Net Surplus / (Deficit) 1,476,541 (1,340,027) (18,031,586) (6,156,456) (22,529,456) 5,437,882 (3,056,976) Beginning Cash Balance 33,713,041 29,039,261 33,713,041 33,713,041 Cash Adjustments (6,150,321) 6,013,807 19,445,882 - Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River West Development Area and expenses of those funds on eligible development projects for this TIF 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. This fund also receives Hotel/Motel Tax (intergovernmental shared revenues). In 2020, bond proceeds were receipted into the fund. See explanation of bond below. In 2021, the final payment for the 2010 Public Works Service Center Refunding Bonds (Refunding 2001) was made on 2/1/21, (debt schedule #36). The debt service reserve balance of $647,148 was disbursed by the trustee bank when the bonds were paid off. 87.7% was transferred to the River West TIF Fund (#324) and 12.3% was transferred to the Sewage Works Operating Fund (#641), the funds that repaid the debt. Various projects and development opportunities include: funds to better leverage state and federal grant opportunities, neighborhood revitalization and improvements, development agreements aimed at increasing early childhood education capacity, and projects that were started in 2021 and will still be in process in 2022. TIF support will also be used for various Public Works projects, and development opportunities which may be presented to the Redevelopment Commission in 2022. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. In 2020, bonds were issued to fund the St. Joseph County Public Library Community Education Center Project. The par amount of the bonds was $4,225,000 with a premium of $120,058.95. The bond proceeds were deposited into this fund. $4,000,000 went towards capital project expenses and the remaining amount went towards cost of issuance. This fund is also used to repay several bonds related to capital projects in the community. The repayment of the bonds is either accounted for in this fund (see Debt Service Principal & Interest expense) or accounted for in separate debt service funds with the repayment being funded by interfund transfers from this fund to the debt service funds (see Interfund Transfers Out). Current debt includes: • 2006 Main/Colfax Garage - Transpo Lease - final payment 9/15/25, (debt schedule #13) • 2011 South Bend Downtown Central Development Area TIF Refunding Bonds, Refunding 2003 - final payment 8/1/24, (debt schedule #5) • 2011 Airport Development Area TIF Refunding Bonds, Refunding 2003 - final payment 8/1/24, (debt schedule #6) • 2012 Fire Station/Police Dept Renovations Refunding Bonds, Refunding 2003, (Interfund Transfer to Fund #755) - final payment 2/1/23, (debt schedule #39) • 2013 Century Center Special Tax Bonds, Refunding 2008, (Interfund Transfer to Fund #752) - final payment 5/1/26, (debt schedule #62) • 2015 South Bend Redevelopment Authority Lease Rental Revenue Bonds (Smart Streets Bonds), (Interfund Transfer to Fund #756) - final payment 2/1/37, (debt schedule #135) • 2019 South Bend Redevelop. Authority Lease Rental Revenue Bonds (Double Tracking Project), (Interfund Transfer to Fund #352) - final payment 2/1/30, (debt schedule #200) • 2018 Redevelopment District Bonds (Park Projects) - final payment 2/1/33, (debt schedule #169) • 2020 Taxable Economic Development Tax Increment Revenue Bonds (Community Education Center Project) - final payment 2/1/37, (debt schedule #210) Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - West Washington Fund Number 422 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 308,363 490,344 490,344 667,151 667,151 230,794 230,794 436,357 35% Interest Earnings 18,135 45,603 45,603 49,974 49,974 36,028 36,028 13,946 72% Other Income - - - - - - - - - Total Revenue 326,498 535,947 535,947 717,125 717,125 266,822 266,822 450,303 37% Expenditures by Type Services & Charges Professional Services - - 1,140,000 - - - - - - - Other Services & Charges - - - 150,000 1,450,000 61,925 - 61,925 1,388,075 4% Total Services & Charges - - 1,140,000 150,000 1,450,000 61,925 - 61,925 1,388,075 4% Capital 113,570 99,745 68,357 - 290,000 13,311 99,143 112,455 177,545 39% Total Expenditures 113,570 99,745 1,208,357 150,000 1,740,000 75,237 99,143 174,380 1,565,620 10% Net Surplus / (Deficit) 212,928 436,202 (672,410) 567,125 (1,022,875) 191,585 92,442 Beginning Cash Balance 1,235,031 1,127,293 1,235,031 1,235,031 Cash Adjustments (320,666) (328,464) 881,119 - Ending Cash Balance 1,127,293 1,235,031 1,443,740 212,156 1,538,190 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the West Washington Development Area and expenses of those funds on eligible development projects for this TIF 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. This fund receives revenue from interest earned on the fund's cash balance. In 2022, this fund will be primarily utilized to provide upgrades and programming at the Martin Luther King Jr. Community Center. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - River East Development Area (NE Dev) Fund Number 429 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 4,209,328 6,216,898 6,216,898 7,483,422 7,483,422 4,899,627 4,899,627 2,583,795 65% Interest Earnings 146,645 360,139 360,139 479,114 479,114 529,181 529,181 (50,067) 110% Parking Income - - - - - 2,880 2,880 (2,880) - Other Income 16,850 1,000 1,000 - - - - - - Interfund Transfers In - - - - - - - - - Total Revenue 4,372,823 6,578,037 6,578,037 7,962,536 7,962,536 5,431,688 5,431,688 2,530,848 68% Expenditures by Type Services & Charges Professional Services 428,035 371,517 209,827 1,169,331 5,290,121 305,617 3,413,186 3,718,802 1,571,319 70% Insurance - - - - - - - - - - Other Services & Charges - - 802,983 1,072,017 1,451,227 1,122,725 30,430 1,153,155 298,072 79% Interfund Transfer Out - 230,200 784,200 526,200 526,200 1,194,930 - 1,194,930 (668,730) 227% Total Services & Charges 428,035 601,717 1,797,010 2,767,548 7,267,548 2,623,272 3,443,616 6,066,887 1,200,661 83% Capital 1,549,275 3,232,307 3,379,725 5,274,666 8,524,666 1,289,555 1,557,488 2,847,044 5,677,622 33% Total Expenditures 1,977,310 3,834,024 5,176,736 8,042,214 15,792,214 3,912,827 5,001,104 8,913,931 6,878,283 56% Net Surplus / (Deficit) 2,395,513 2,744,012 1,401,301 (79,678) (7,829,678) 1,518,861 (3,482,243) Beginning Cash Balance 9,506,445 5,864,278 9,506,445 9,506,445 Cash Adjustments (6,037,680) 898,155 992,168 - Ending Cash Balance 5,864,278 9,506,445 11,899,914 1,676,767 22,316,843 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed during the 2014 TIF re-alignment. This fund was formerly known as the Northeast TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Various projects and development opportunities include: Completion of the City's commitment to the Wharf Phase II (Three Twenty Cascades), Robert Henry Neighborhood improvements, streetscape projects, Public Works projects, and various development opportunities which may be presented to the Redevelopment Commission in 2022. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - Southside Development Area #1 Fund Number 430 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 2,745,678 2,986,918 2,986,918 3,369,158 3,369,158 1,873,177 1,873,177 1,495,981 56% Interest Earnings 200,851 411,769 411,769 409,258 409,258 214,805 214,805 194,453 52% Other Income - 691,010 691,010 - - - - - - Total Revenue 2,946,528 4,089,697 4,089,697 3,778,416 3,778,416 2,087,982 2,087,982 1,690,434 55% Expenditures by Type Services & Charges Professional Services 176,193 568,771 277,394 135,478 285,478 69,192 78,153 147,345 138,133 52% Total Services & Charges 176,193 568,771 277,394 135,478 285,478 69,192 78,153 147,345 138,133 52% Capital 2,057,679 5,879,206 7,756,642 4,372,263 5,687,263 1,743,606 812,050 2,555,657 3,131,607 45% Total Expenditures 2,233,872 6,447,977 8,034,036 4,507,741 5,972,741 1,812,798 890,203 2,703,001 3,269,740 45% Net Surplus / (Deficit) 712,656 (2,358,280) (3,944,340) (729,325) (2,194,325) 275,183 (615,020) Beginning Cash Balance 14,473,182 12,586,134 14,473,182 14,473,182 Cash Adjustments (2,599,704) 4,245,328 4,633,890 - Ending Cash Balance 12,586,134 14,473,182 15,162,732 12,278,857 8,885,222 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Southside Development Area #1 and expenses of those funds on eligible development projects for this TIF 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. This fund receives revenue from interest earned on the fund's cash balance. Various projects and development opportunities include: South East Master Plan Implementation, Public Works projects, $3 million for Fire Station #8, and various development opportunities which may be presented to the Redevelopment Commission in 2022. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - Douglas Road Fund Number 435 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 308,581 233,288 233,288 402,862 402,862 146,719 146,719 256,143 36% Interest Earnings 3,018 12,570 12,570 22,958 22,958 26,284 26,284 (3,326) 114% Total Revenue 311,600 245,859 245,859 425,820 425,820 173,004 173,004 252,817 41% Expenditures by Type Services & Charges Professional Services 1,308 - - 74,175 74,175 - - - 74,175 0% Other Services & Charges - - - Total Services & Charges 1,308 - - 74,175 74,175 - - - 74,175 0% Capital - - - 349,000 349,000 348,434 - 348,434 566 100% Interfund Transfers Out 209,147 - - - - - - - - - Total Expenditures 210,455 - - 423,175 423,175 348,434 - 348,434 74,741 82% Net Surplus / (Deficit) 101,145 245,859 245,859 2,645 2,645 (175,430) (175,430) Beginning Cash Balance 257,579 93,140 257,579 257,579 Cash Adjustments (265,585) (81,419) (145,504) - Ending Cash Balance 93,140 257,579 357,934 260,224 1,153,541 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Douglas Road Development Area and expenses of those funds on eligible development projects for this TIF area. The Douglas Road TIF was established to develop the road and area near the border between South Bend and Mishawaka. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Prior to pay year 2021, the Redevelopment Commission did not collect the excess tax increment for use in projects. For pay year 2021 and after, the Redevelopment Commission has determined it will collect the increment. This fund will help fund a portion of the Douglas Road utility relocation by repaying $300,517.13 to the Sewage Works Capital Fund (#642) for the City's share of the project. The repayment was started in 2021 and is anticipated to go through 2022 based on TIF revenue collections. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name TIF - River East Residential Area (NE Res) Fund Number 436 Fund Type Tax Increment Financing Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Property Taxes 6,268,217 7,228,216 7,228,216 7,897,678 7,897,678 4,290,105 4,290,105 3,607,573 54% Interest Earnings 56,636 157,758 157,758 274,784 274,784 248,555 248,555 26,229 90% Total Revenue 6,324,854 7,385,974 7,385,974 8,172,462 8,172,462 4,538,660 4,538,660 3,633,802 56% Expenditures by Type Services & Charges Professional Services 11,500 - 10,740 - - - - - - - Debt Service Principal 445,523 464,882 126,129 111,126 111,126 - - - 111,126 0% Debt Service Interest & Fees 49,305 29,946 13,886 11,766 11,766 - - - 11,766 0% Capital - 338,132 2,427,195 534,673 534,673 186,637 289,681 476,318 Total Services & Charges 506,328 832,960 2,577,949 657,565 657,565 186,637 289,681 476,318 122,892 72% Interfund Transfers Out 4,396,375 4,403,875 4,414,875 4,424,731 4,424,731 3,191,625 - 3,191,625 1,233,106 72% Total Expenditures 4,902,703 5,236,835 6,992,824 5,082,296 5,082,296 3,378,262 289,681 3,667,943 1,355,998 72% Net Surplus / (Deficit) 1,422,151 2,149,139 393,149 3,090,166 3,090,166 1,160,398 870,717 Beginning Cash Balance 5,429,968 4,678,334 5,429,968 5,429,968 Cash Adjustments (2,173,785) (1,397,505) 1,015,657 - Ending Cash Balance 4,678,334 5,429,968 6,838,775 8,520,134 11,292,026 Cash Reserves Target - - - - Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Residential Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed as part of the TIF re-alignment during 2015. The fund was formerly known as the Northeast Residential TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Professional Services will cover mandatory administrative costs related to TIF neutralization calculations. In 2021, in addition to debt service requirements, the fund was used for the first time to fund various projects within or abutting and serving the TIF area. Those projects are anticipated to be ongoing in 2022. The development in the area has resulted in higher net assessed values and therefore higher than anticipated TIF revenue collections. This fund is used to repay bonds related to capital projects in the community. The repayment of the bonds is accounted for in separate debt service funds with the repayment being funded by interfund transfers from this fund to the debt service funds (see Interfund Transfers Out). Also, this fund is repaying two interfund loans (see Debt Service Principal & Interest expense). Principal and interest payments are made to the Major Moves Fund (#412). The loans will be paid off in 2024 and 2029. Current debt includes: • 2011/2013 Major Moves-Triangle Development Interfund Loan, (Repay Fund #412) - final payment 2/15/29, (debt schedule #84) • 2011/2013 Major Moves-Eddy Street Commons Interfund Loan, (Repay Fund #412) - final payment 2/15/24, (debt schedule #85) • 2015 South Bend Redevelopment Authority Lease Rental Revenue Bonds, Refunding 2008 (Eddy Street Commons Project), (Interfund Transfer to Fund #752) - final payment 2/15/33, (debt schedule #54) • 2017 Taxable Economic Development Revenue Bonds (Eddy Street Phase II), (Interfund Transfer to Fund #760) - final payment 2/15/37, (debt schedule #163) Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Airport 2003 Debt Reserve Fund Number 315 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 10,084 30,526 30,526 134 134 7,439 7,439 (7,305) 5552% Total Revenue 10,084 30,526 30,526 134 134 7,439 7,439 (7,305) 5552% Expenditures by Type Interfund Transfers Out - - - - - - - - - - Debt Service Interest - - 41,080 - - - - - - - Debt Service Principal - - 999,382 - - - - - - - Total Expenditures - - 1,040,462 - - - - - - - Net Surplus / (Deficit) 10,084 30,526 (1,009,936) 134 134 7,439 7,439 Beginning Cash Balance 1,040,462 1,040,462 1,040,462 1,040,462 Cash Adjustments (10,084) (30,526) 1,016,626 - Ending Cash Balance 1,040,462 1,040,462 1,047,153 1,040,596 91,069 Cash Reserves Target 1,040,462 1,040,462 1,047,153 1,040,596 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 Airport Development Area TIF Redevelopment Authority bonds (debt schedule #6) for the airport taxable project. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund The debt service reserve will be used towards the last debt service payment due August 1, 2024. Cash Reserves Target 100% debt service reserve per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name SBCDA 2003 Debt Reserve Fund Number 328 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 16,859 51,035 51,035 224 224 12,437 12,437 (12,213) 5552% Total Revenue 16,859 51,035 51,035 224 224 12,437 12,437 (12,213) 5552% Expenditures by Type Interfund Transfers Out - - - - - - - - - - Debt Service Interest - - 24,310 - - - - - - - Debt Service Principal - - 1,715,185 - - - - - - - Total Expenditures - - 1,739,495 - - - - - - - Net Surplus / (Deficit) 16,859 51,035 (1,688,460) 224 224 12,437 12,437 Beginning Cash Balance 1,739,495 1,739,495 1,739,495 1,739,495 Cash Adjustments (16,859) (51,035) 1,699,645 - Ending Cash Balance 1,739,495 1,739,495 1,750,680 1,739,719 152,253 Cash Reserves Target 1,739,495 1,739,495 1,750,680 1,739,719 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 South Bend Downtown Central Development Area TIF Redevelopment Authority bonds (debt schedule #5) for the Palais Royale project. Historically, this fund received revenue from interest earned on the fund's cash balance. In 2022, the City will change its interest earnings allocation methodology to deposit interest earned by this fund The debt service reserve will be used towards the last debt service payment due August 1, 2024. Cash Reserves Target 100% debt service reserve per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2018 TIF Park Bond Debt Service Fund Number 351 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 14,409 30,515 30,515 21,362 21,362 29,464 29,464 (8,102) 138% Total Revenue 14,409 30,515 30,515 21,362 21,362 29,464 29,464 (8,102) 138% Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 14,409 30,515 30,515 21,362 21,362 29,464 29,464 Beginning Cash Balance 1,035,750 1,029,665 1,035,750 1,035,750 Cash Adjustments (20,493) (24,430) (19,498) - Ending Cash Balance 1,029,665 1,035,750 1,046,766 1,057,112 1,153,141 Cash Reserves Target 1,029,665 1,035,750 1,046,766 1,057,112 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10590-18) to hold the debt service reserve for the Redevelopment District Bonds, Series 2018 (debt schedule #169). The bonds were issued for the purpose of funding renovations and upgrades at Pulaski, Leeper, and Seitz Parks and improvements to the mixed use riverfront trail and other infrastructure improvements to park and recreation areas in or serving the River West Development Area. - The Redevelopment District Bonds, Series 2018 were closed on April 25, 2018 with a par amount of $11,995,000 and a premium of $96,103. The bonds have a net interest rate of 2.971%. The net proceeds after bond issuance costs were $11,818,495. $993,495 was deposited into this fund per the bond agreement. The remaining $10,825,000 was deposited into the 2018 TIF Park Bond Capital Fund (#452) and will be used towards the approved capital projects. - The debt service reserve fund is funded from bond proceeds in an amount equal to maximum annual principal and interest due on the bonds. If moneys in the reserve fund are used to pay principal and interest on the bonds, the balance will be restored from TIF revenues. Debt service payments are due on February 1 and August 1. The first debt service payment is due August 1, 2018 and the final payment is due February 1, 2033. The debt service reserve will be used towards the last debt service payment. At the time of issuance, $993,495 was deposited into this fund to be held as a reserve. This fund receives revenue from interest earned on the cash balance held at the trustee bank. The debt service reserve will be used towards the last debt service payment due February 1, 2033. Cash Reserves Target 100% debt service reserve per bond covenants City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2019 South Shore Double Tracking Debt Service Fund Number 352 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 3 3 3 713 713 2 2 711 0% Interfund Transfers In 1,035,000 1,035,500 1,035,500 1,030,125 1,030,125 1,035,500 1,035,500 (5,375) 101% Total Revenue 1,035,003 1,035,503 1,035,503 1,030,838 1,030,838 1,035,502 1,035,502 (4,664) 100% Expenditures by Type Services & Charges Debt Service Principal 685,000 720,000 760,000 795,000 795,000 395,000 - 395,000 400,000 50% Debt Service Interest & Fees 344,750 310,125 273,625 235,125 235,125 122,500 - 122,500 112,625 52% Total Services & Charges 1,029,750 1,030,125 1,033,625 1,030,125 1,030,125 517,500 - 517,500 512,625 50% Total Expenditures 1,029,750 1,030,125 1,033,625 1,030,125 1,030,125 517,500 - 517,500 512,625 50% Net Surplus / (Deficit) 5,253 5,378 1,878 713 713 518,002 518,002 Beginning Cash Balance 9,443 690 9,443 9,443 Cash Adjustments (14,006) 3,375 3,375 - Ending Cash Balance 690 9,443 14,696 10,156 543,454 Cash Reserves Target 690 9,443 14,696 10,156 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 100% debt service reserve per bond covenants This fund is used to pay for the semi-annual payment of debt service principal and interest to the bondholders for the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2019 South Shore Double Tracking Project (debt schedule #200). The bonds were issued to fund the Northern Indiana Commuter Transportation District Main Line Double-Tracking Project, which will be located partly within the geographical boundaries of the River West Development Area. The bonds were closed on December 28, 2019 with a par amount of $7,985,000 and a premium of $1,462,840.60. The bonds have a net interest rate of 5%. This fund receives interfund transfers from the River West TIF Fund (#324) in the amount of the lease rental payments per the debt schedule. This fund receives revenue from interest earned on the cash balance held at the trustee bank. At the time of issuance, $9,125,000 went towards the capital project, and the remaining amount went towards cost of issuance. Lease rental payments are due on January 15 and July 15 and bond payments are due on February 1 and August 1. The final bond payment is due February 1, 2030. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2020 TIF Library Bond Debt Service Reserve Fund Number 353 Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 16 16 16 6,670 6,670 9 9 6,661 0% Interfund Transfers In - - - - - - - - - Total Revenue 16 16 16 6,670 6,670 9 9 6,661 0% Expenditures by Type Interfund Transfers Out 16 8 - - - - - - - - Total Expenditures 16 8 - - - - - - - - Net Surplus / (Deficit) - 8 16 6,670 6,670 9 9 Beginning Cash Balance 326,944 326,939 326,944 326,944 Cash Adjustments (5) (3) (16) - Ending Cash Balance 326,939 326,944 326,944 333,614 326,978 Cash Reserves Target 326,939 326,944 326,944 333,614 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target 100% debt service reserve per bond covenants This fund was established to hold the debt service reserve for the Taxable Economic Development Tax Increment Revenue Bonds, Series 2020, Community Education Center Project (debt schedule #210). The bonds were issued to provide funds to the St. Joseph County Public Library for the purpose of construction, equipping, and furnishing of a new building for use as a community and education center to provide new and flexible spaces for community meeting and training, events and conferences, and a larger auditorium to meet increasing demand for program space and allow for a more diverse range of programs and community events. - The par amount of the bonds was $4,225,000 with a premium of $120,058.95. The bonds were closed on October 28, 2020 with a net interest rate of 3%. - The bond proceeds were deposited into the River West Development Area TIF Fund (#324). $4,000,000 went towards the capital project and the remaining amount went towards cost of issuance. - The bonds are being repaid by Fund #324, with bond payments due on February 1 and August 1. At the time of issuance, $326,937.50 was deposited into this fund to be held as a reserve. This fund receives revenue from interest earned on the cash balance held at the trustee bank. The debt service reserve will be used towards the last debt service payment due February 1, 2037. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Redevelopment General Fund Number 433 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Local Income Taxes 556 352 352 - - - - - - Hotel/Motel Taxes 374,523 191,000 191,000 380,500 380,500 764,000 764,000 (383,500) 201% Interest Earnings 44,323 98,249 98,249 114,424 114,424 89,988 89,988 24,436 79% Donations 1,000,000 1,364,412 1,364,412 1,350,000 1,350,000 120,000 120,000 1,230,000 9% Other Income - - - - - - - - - Interfund Transfers In - - - 150,000 150,000 - - 150,000 0% Total Revenue 1,419,402 1,654,014 1,654,014 1,994,924 1,994,924 973,988 973,988 1,020,936 49% Expenditures by Type Services & Charges Professional Services - 10,006 19,983 75,173 75,173 600 47,771 48,371 26,802 64% Grants & Subsidies 460,417 1,397,903 704,482 1,739,130 2,329,149 466,681 576,236 1,042,917 1,286,232 45% Total Services & Charges 460,417 1,407,909 724,465 1,814,303 2,404,322 467,281 624,007 1,091,288 1,313,034 45% Capital - - - 120,000 120,000 - - - 120,000 0% Interfund Transfers Out 381,500 763,000 763,500 755,513 755,513 764,000 - 764,000 (8,488) 101% Total Expenditures 841,917 2,170,909 1,487,965 2,689,816 3,279,835 1,231,281 624,007 1,855,288 1,424,546 57% Net Surplus / (Deficit) 577,485 (516,895) 166,049 (694,892) (1,284,911) (257,293) (881,300) Beginning Cash Balance 3,187,994 2,444,710 3,187,994 3,187,994 Cash Adjustments (1,320,770) 1,260,180 400,218 - Ending Cash Balance 2,444,710 3,187,994 3,754,261 1,903,083 2,840,033 Cash Reserves Target 210,479 542,727 371,991 819,959 Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: The Redevelopment Commission was established to address conditions associated with blight and the underutilization of land and/or barriers to development. The Commission operates within the city limits. They study areas of the city, identify problem areas and develop a strategic plan for eliminating blight and bringing about new development within those areas. A primary focus is on the expansion of tax base and the creation of new jobs within South Bend. There are five voting members of the South Bend Redevelopment Commission. Three are appointed by the Mayor; two are appointed by the South Bend Common Council. Starting in 2021, one of the Mayoral appointees is required to be a South Bend Community School Corporation Board of Trustees voting member. Prior to 2021, there was one additional member from the South Bend Community School Corporation Board of School Trustees, appointed by the Mayor as a non-voting adviser to the Commission. Starting in 2022, this fund will begin receiving hotel/motel tax revenue, remitted to the City by St. Joseph County. --- In 2022, the City issued revenue bonds, backed by the Hotel/Motel tax revenue, to fund capital improvements to the Morris Performing Arts Center and Potawatomi Zoo. The Morris bonds debt service payments are tracked in the South Bend Redevelopment Authority Debt Service Fund (#752) and the Zoo bonds debt service payments are tracked in the South Bend Building Corporation Fund (#755). The hotel/motel taxes received in this fund will be transferred to debt service funds for the repayment of the bonds. Starting in 2019, this fund receives the South Bend Redevelopment Commission's portion of the Local Income Tax (LIT) distribution from the State. Starting in 2018, the City of South Bend will receive donations from the Pokagon Band of the Potawatomi, a Native American tribe, as "payment in lieu of taxes" for the Four Winds Casino built on tribal land adjacent to the City. This is to be split between the General Fund (#101) and the Redevelopment General Fund (#433). This fund also receives revenue from interest earned on the fund's cash balance. Prior to 2019, this fund's sole expenditure was for general legal fees for the Redevelopment Commission. Starting in 2019, this fund will also be used for economic empowerment activities determined by the Redevelopment Commission and the Department of Community Investment. As outlined in the agreement with the Pokagon Band, the donations will fund initiatives broadly aimed at contributing to the improvement of educational opportunities in the City and to address poverty and unemployment in the City. In 2022, projects will be aimed at addressing: Non-traditional financial capital and education, responsive neighborhood based amenities, and supporting the creation and growth of small businesses. Interfund Transfers Out are budgeted for the transfer of hotel/motel tax revenues from this fund to the debt service funds repaying the Morris and Zoo bonds (issued 2022). • 2022 South Bend Redevelopment Authority Lease Rental Revenue Bonds (Morris Project), (Interfund Transfer to Fund #752) - final payment 2/1/46, (debt schedule #221) • 2022 Economic Development Lease Rental Revenue Bonds (Potawatomi Zoo Project), (Interfund Transfer to Fund #755) - final payment 2/1/42, (debt schedule #222) Cash Reserves Target 25% of Annual expenditures City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Certified Technology Park Fund Number 439 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 155 328 328 230 230 317 317 (87) 138% Total Revenue 155 328 328 230 230 317 317 (87) 138% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 155 328 328 230 230 317 317 Beginning Cash Balance 11,145 11,080 11,145 11,145 Cash Adjustments (221) (263) (210) - Ending Cash Balance 11,080 11,145 11,264 11,375 12,408 Cash Reserves Target - - - - Fund Purpose: Explanation of Expenditures and Significant Changes/Variances: This fund was established (ordinance 10148-12) to account for the collection of a special state tax distribution received at the end of 2011 and the use of those funds for improvements at Innovation Park and Ignition Park, the city's dual-campus technology park. From 2011 to 2014, this fund received $4,399,838 from a special state tax distribution for certified technology parks. Since then, this fund’s only source of revenue is interest earned on the fund's cash balance. 2019 funds were budgeted for the new Technology Resource Center (opened during 2019). The Technology Resource Center (TRC) in South Bend’s Ignition Park was built to democratize technology in our region. All will be welcome to the TRC to learn about technology and data, gain skills, and co-build an inclusive tech future for South Bend. A co-location between South Bend Code School, the City’s Civic Innovation & Analytics Divisions, and Bloomberg-funded Commuters Trust, the space will be home to technology and data training, cross-sector “Beta City” collaborations, and public programming about regional innovation. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2018 TIF Park Bond Capital Fund Number 452 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 33,275 67,016 67,016 1,055 1,055 3,448 3,448 (2,392) 327% Total Revenue 33,275 67,016 67,016 1,055 1,055 3,448 3,448 (2,392) 327% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital 156,103 7,480 2,238,756 76,676 76,676 76,676 - 76,676 - 100% Total Expenditures 156,103 7,480 2,238,756 76,676 76,676 76,676 - 76,676 - 100% Net Surplus / (Deficit) (122,827) 59,536 (2,171,740) (75,620) (75,620) (73,228) (73,228) Beginning Cash Balance 2,433,236 2,614,468 2,433,236 2,433,236 Cash Adjustments 304,059 (240,768) 2,041,355 - Ending Cash Balance 2,614,468 2,433,236 2,302,851 2,357,615 99,518 Cash Reserves Target - - - - Fund Purpose: Explanation of Expenditures and Significant Changes/Variances: This fund was established to track the expenditures of the proceeds from the Redevelopment District Bonds, Series 2018. The bonds were issued for the purpose of funding renovations and upgrades at Pulaski, Leeper, and Seitz Parks and improvements to the mixed-use riverfront trail and other infrastructure improvements to park and recreation areas in or serving the River West Development Area. The Redevelopment District Bonds, Series 2018 were closed on April 25, 2018 with a par amount of $11,995,000 and a premium of $96,103. The bonds have a net interest rate of 2.971%. The net proceeds after bond issuance costs were $11,818,495. $993,495 was deposited into the 2018 TIF Park Bond Debt Service Fund (#351) per the bond agreement. The remaining $10,825,000 was deposited into this fund to be used towards the approved capital projects. Funding to be used to implement City park plans including improvements to: Howard Park, Lincolnway East Trail, West Bank Trail, Leeper Park, Seitz Park, and Pulaski Park. Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name Airport Urban Enterprise Zone Fund Number 454 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Interest Earnings 5,709 12,091 12,091 8,461 8,461 11,674 11,674 (3,213) 138% Total Revenue 5,709 12,091 12,091 8,461 8,461 11,674 11,674 (3,213) 138% Expenditures by Type Services & Charges Professional Services - - - - - - - - - - Other Services & Charges - - - - - - - - - - Total Services & Charges - - - - - - - - - - Capital - - - - - - - - - - Total Expenditures - - - - - - - - - - Net Surplus / (Deficit) 5,709 12,091 12,091 8,461 8,461 11,674 11,674 Beginning Cash Balance 410,393 407,982 410,393 410,393 Cash Adjustments (8,120) (9,680) (7,726) - Ending Cash Balance 407,982 410,393 414,758 418,854 456,907 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: This fund was established in 2009 to receive property tax proceeds derived from parcels located in the Airport Economic Development Area that are also located in the Urban Enterprise Zone, as provided and permitted by Indiana law (IC 36-7-14-39(g)). All sums of money collected are to be used for programs in job training, job enrichment, and basic skill development that are designed to benefit residents and employers in the Urban Enterprise Zone and for other purposes permitted within IC 36-7-14-39 and other applicable Tax Increment Finance State law. In the past, a majority of this fund's revenue came from personal property taxes paid by AJ Wright. This fund has not received property tax revenue since 2013. Currently, this fund only receives revenue from interest earned on the fund's cash balance. This fund has been used in the past to pay for job training programs. Staff continue to work on developing eligible, viable program. Cash Reserves Target No reserve requirement City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2023 South Bend Redevelopment Authority Fund Number 456 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Other Income - 7,115,209 7,115,209 - - - - - - Debt Proceeds - 33,098,353 33,098,353 - - - - - - Interfund Transfers In - - - - - - - - - Interest Earnings - - - - - 413,119 413,119 (413,119) - Total Revenue - 40,213,563 40,213,563 - - 413,119 - 413,119 - - Expenditures by Type Services & Charges Debt Service Interest & Fees - 490,359 - - - - - - - - Total Services & Charges - 490,359 - - - - - - - - Capital - - - - - - - - - - Interfund Interfund Allocations - 6,325,379 5,520,906 15,296,320 15,296,320 1,778,401 4,608,880 6,387,282 8,909,039 42% Interfund Transfers Out - - - - - - - - - - Total Interfund - 6,325,379 5,520,906 15,296,320 15,296,320 1,778,401 4,608,880 6,387,282 8,909,039 42% Total Expenditures - 6,815,738 5,520,906 15,296,320 15,296,320 1,778,401 4,608,880 6,387,282 8,909,039 42% Net Surplus / (Deficit) - 33,397,825 34,692,657 (15,296,320) (15,296,320) (1,365,282) (5,974,162) Beginning Cash Balance - - - - Cash Adjustments - (33,397,825) (34,692,657) - Ending Cash Balance - - - (15,296,320) 21,907,791 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund was established in 2023 to track the expenditures of the proceeds from the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2023, Series A. The Series A bonds were issued for the purpose of funding various public improvement projects located in the River East and River West TIF districts. Bond proceeds from the South Bend Redevelopment Authority Lease Rental Revenue Bonds of 2023, Series A. Expenditures will be related to the various public infrastructure improvement projects located within the South Bend Redevelopment Commission’s River West and River East Development Areas. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 2024 South Bend Redevelopment Authority Fund Number 457 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Other Income - - - - - - - - - Debt Proceeds - - - - - - - - - Interfund Transfers In - - - - - - - - - Interest Earnings - - - - - 251,947 251,947 (251,947) - Total Revenue - - - - - 251,947 - 251,947 - - Expenditures by Type Personnel Salaries & Wages Fringe Benefits Total Personnel Supplies Services & Charges Professional Services - - - - - - 55,000 55,000 (55,000) - Debt Service Interest & Fees - - - 45,000 45,000 - - - 45,000 0% Total Services & Charges - - - 45,000 45,000 - 55,000 55,000 (10,000) 122% Capital - - 71,735 14,724,750 14,709,750 - 126,352 126,352 14,583,398 1% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - - 71,735 14,769,750 14,754,750 - 181,352 181,352 14,573,398 1% Net Surplus / (Deficit) - - (71,735) (14,769,750) (14,754,750) 251,947 70,595 Beginning Cash Balance - - - - Cash Adjustments - - 71,735 - Ending Cash Balance - - - (14,754,750) 16,867,171 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero The proceeds of the 2024B Bonds will be used for the purpose of funding site work, construction of up to two public parking garages and a skyway improvement, and any projects related to the foregoing, supporting the Madison Lifestyle District located in the South Bend Redevelopment Commission's River West Development Area, to pay for a debt service surety policy, and to pay insurance expenses. Revenues to repay the 2024 series B bonds coming out of the River West TIF. Expenses paid from bond proceeds are related to cost of issuance and project costs. City of South Bend, Indiana Monthly Financial Report July 31, 2025 Fund Name 458 2024 RDA Bond Proceeds (Four Winds) Fund Number 458 Fund Type Capital Funds Control Redevelopment Commission Controlled Funds 2025 2025 2025 2025 Total 2022 2023 2024 Original Amended Year-to-Date Current Year-to-Date Budget Percent of Actual Actual Actual Budget Budget Actual Encumbrances & Encumb. Balance Budget Revenue Other Income - - - - - - - - - Debt Proceeds - - - - - - - - - Interfund Transfers In - - - - - - - - - Interest Earnings - - - - - 612,634 612,634 (612,634) - Total Revenue - - - - - 612,634 - 612,634 - - Expenditures by Type Services & Charges Debt Service Interest & Fees - - 552,707 10,100 10,100 - - - 10,100 0% Total Services & Charges - - 552,707 10,100 10,100 - - - 10,100 0% Capital - - 1,474,628 43,528,568 43,528,568 15,890,874 27,409,552 43,300,426 228,142 99% Interfund Interfund Allocations - - - - - - - - - - Interfund Transfers Out - - - - - - - - - - Total Interfund - - - - - - - - - - Total Expenditures - - 2,027,334 43,538,668 43,538,668 15,890,874 27,409,552 43,300,426 238,242 99% Net Surplus / (Deficit) - - (2,027,334) (43,538,668) (43,538,668) (15,278,240) (42,687,792) Beginning Cash Balance - - - - Cash Adjustments - - 2,027,334 - Ending Cash Balance - - - (43,538,668) 31,191,391 Cash Reserves Target - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: Cash Reserves Target No reserve requirement - Bond capital fund - spend down to zero This fund accounts for expenditures of the bond proceeds from the Redevelopment Authority Lease Rental Revenue Bonds of 2024 (Four Winds Field Project). These bonds were issued to fund various renovations and projects at Four Winds Field. The bonds will be repaid over a period of 20-year period, with the first debt service payment due on February 1, 2025, and the final payment due on February 1, 2024. The Redevelopment Commission reasonably expects to pay the Lease Rental Payments from certain Professional Sports and Convention Development Area tax revenues (the “PSCDA Revenues”) to be received by the City pursuant to IC 36-7-31.3 and made available to the Redevelopment Commission for such purpose pursuant to the Resolution. To the extent that PSCDA Revenues are insufficient to make the Lease Rental Payments, the Special Benefits Tax will be levied on all taxable property in the District in an amount sufficient to pay the Lease Rental Payments as they become due and payable. The 2024 bonds were issued to finance costs for certain renovations and improvements to Four Winds Field at Coveleski Stadium (the “Stadium”) consisting of enhancements to the Stadium including, without limitation, modernizing the existing stadium infrastructure, adding a full second level above the existing facility, renovating the primary seating areas and suites, adding a new 20,000 square foot, four-story club and event space building, and adding a new playground and splash pad with additional improvements including, without limitation, additional restrooms, additional circulation space, updated retail and concessions areas, and a new improved entrance (collectively, the “Project”) for the purpose of increasing the Stadium’s capacity and providing for increased future success.