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74-16 December Appropriations- Enterprise Funds
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74-16 December Appropriations- Enterprise Funds
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4/26/2017 10:22:29 AM
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12/7/2016 2:19:52 PM
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ORDINANCE NO. <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN <br />DEPARTMENTAL AND ENTERPRISE OPERATIONS IN 2016 OF $220,000 FROM <br />CONSOLIDATED BUILDING FUND (#600),$120,000 FROM SOLID WASTE FUND <br />( #610), $5,000 FROM WATER WORKS CUSTOMER DEPOSIT FUND ( #624), $4,000 <br />FROM WATER WORKS SINKING FUND (#625),$5,000 FROM WATER WORKS <br />BOND RESERVE FUND ( #626), $11,000 FROM WATER WORKS DEBT RESERVE <br />O &M FUND ( #629), $45,000 FROM SEWER INSURANCE FUND ( #640), $22,000 <br />FROM SEWAGE WORKS O &M RESERVE FUND (#643),$5 FROM 2015 SEWER <br />BOND ISSUANCE FUND ( #666), AND $346,506 FROM CENTURY CENTER FUND <br />( #670). <br />STATEMENT OF PURPOSE AND INTENT <br />The Common Council passed the City's 2016 operating and capital budgets in <br />2015 (Ordinances #10389 -15 passed on October 12, 2015), which included expenditures <br />for various City enterprise operations. It is now necessary to appropriate additional funds <br />for operational expenditures necessary for the City to effect provision of services to its <br />citizens which were not anticipated at the time the City budget was adopted. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />Section I. The following amounts are hereby appropriated in fiscal year 2016 and <br />set apart within the following designated funds for operational expenses as follows: <br />Fund <br />Amount <br />Consolidated Building Fund ( #600) <br />$ 220,000 <br />Solid Waste Fund ( #610) <br />120,000 <br />Water Works Customer Deposit Fund ( #624) <br />5,000 <br />Water Works Sinking Fund ( #625) <br />4,000 <br />Water Works Bond Reserve Fund ( #626) <br />5,000 <br />Water Works Debt Reserve O &M Fund ( #629) <br />11,000 <br />Sewer Insurance Fund ( #640) <br />45,000 <br />Sewage Works O &M Reserve Fund ( #643) <br />22,000 <br />2015 Sewer Bond Issuance Fund ( #666) <br />5 <br />Century Center Fund ( #670) <br />J346,506 <br />TOTAL <br />778 511 <br />Section II. This ordinance shall be in full force and effect from and after its <br />passage by the Common Council and approval of the Mayor. <br />Member of the Common Council <br />
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