City of South Bend Consolidated Financial Summaries
These are our observations about the City of South Bend Consolidated Financial Schedules, Revenue & Expenditure Summary, Changes in Fund Balance Summary and Revenues. For accuracy, the dollar amounts are taken directly from information provided by the City of South Bend, Indiana. (Pages 51-65)
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NOTES:
NOTES:
There is a $63,028,220 Shortfall between Revenues and Expenditures in 2018. It was close to that in 2017 where there was a shortfall of $62,590,868.
There is a $63,028,220 Shortfall between Revenues and Expenditures in 2018. It was close to that in 2017 where there was a shortfall of $62,590,868.
NOTES:
NOTES:
There is a 14% decrease in income. It appears the Bond Proceeds are the greatest drop at 90%. This amount is $39,753,350.
There is a 14% decrease in income. It appears the Bond Proceeds are the greatest drop at 90%. This amount is $39,753,350.