Transferring funds within the General Park Fund

Home Browse Search

r Department of Pulp fie Parks Administration Building St. Louis Boulevard at Wayne Street South Bend, Indiana 46617 PHONE: 1219) 284 -9401 October 7, 1974 Mr. Peter Nemeth, President South Bend Common Council County -City Building 217 West Jefferson Boulevard South Bend, Indiana Dear Mr. Nemeth: The Department of Public Parks is requesting the Common Council to approve the enclosed resolution, for the transfer of funds, in the General Park Fund. All transfers are in the same budget classifi- cation. We are requesting that the sum of $100.00 be transferred from Account #243.0, Contractual Services, Photographing and Blueprinting to Account #242.0, Other Contractual Services, Legal Notices. The legal notices account is short of funds because of the increase in legal advertising costs and the purchase of equipment funded by revenue sharing. Account 46243.0 has a balance of $142.00 and Account 46242.0 a balance of $13.96. That $6,000.00 be transferred from Account 46312.0, Supplies, Fuel Oil, to Account 46321.0, Supplies, Gasoline. When the 1974 budget was pre- pared, the cost of gasoline was about seventeen cents a gallon. We are now paying thirty -six cents a gallon. Naturally, a shortage has occurred. There is a balance in Account 46312.0, Oil because we had foreseen an oil price increase and had all our oil tanks filled before the end of the year. Also, the lowering of thermostats in all park buildings to sixty -eight degrees which saved fuel. Balance in Account 46312.0, Oil is $6,458.00 and in Account 46321.0, Gasoline $242.00. That $1,100.00 be transferred from Account 46630.0, Current Obligations, Retirement to Account #640.0, Current Obligations, Group Insurance. The group insurance account was underbudgeted when the 1974 budget was pre- pared and the retirement fund was overbudgeted. There is a balance of $6,289.00 in the insurance account and a balance of $46,297.00 in the retirement account (fourth quarter payment has not been made this year).