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RESOLUTION NO. 339-72
<br /> A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
<br /> OF IDLE FUNDS TO THE GENERAL FUND, PARK MAIN-
<br /> TENANCE FUND AND THE POLICE PENSION FUND OF THE
<br /> CIVIL CITY OF SOUTH BEND.
<br /> WHEREAS, a necessity exists to provide funds for the General Fund,
<br /> the Park Maintenance Fund, and the Police Pension Fund of the
<br /> City of South Bend, prior to the receipt of taxes in the year
<br /> 1972, in order to meet the current running expenses of the City,
<br /> provided for in the budget and appropriations adopted for the
<br /> year 1972, which expenses must be met prior to the receipt of
<br /> taxes in the year 1972 , and
<br /> WHEREAS , there are monies on deposit to the credit of various
<br /> funds of the City, to-wit: Track Elevation Fund, Cumulative
<br /> Sewer Building and Sinking Fund, and Sewage Works Improvement
<br /> Fund, which can be temporarily advanced or transferred to such
<br /> General Fund, Park Maintenance Fund, and Police Pension Fund, and
<br /> WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana General
<br /> Assembly authorized the Common Council of the Civil City of
<br /> South Bend by Resolution adopted by such Common Council, to
<br /> advance and transfer to a depleted fund from any other such fund,
<br /> such amount and for such period of time as may be prescribed in
<br /> the Resolution,
<br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY
<br /> OF SOUTH BEND, INDIANA:
<br /> SECTION I . That the City Controller of the City of South Bend
<br /> is authorized to transfer an aggregate amount not to exceed
<br /> $1, 400, 000 . 00 to the General Fund, Park Maintenance Fund, and
<br /> Police Pension Fund of the City of South Bend from various
<br /> funds of the City, to-wit: The Track Elevation Fund, Cumulative
<br /> Sewer Building and Sinking Fund, and Sewage Works Improvement Fund
<br /> The aggregate amount of $1, 400, 000.00 to be distributed so as not
<br /> to exceed the maximum amounts set forth below:
<br /> FROM: MAXIMUM TO: MAXIMUM
<br /> Track Elevation Fund $75, 000 Police Pension Fund $ 50 , 000
<br /> Park Maintenance Fund 25 , 000
<br /> Sewage Works Im-
<br /> provement Fund $100, 000 Police Pension Fund 100, 000
<br /> Cumulative Sewer
<br /> Building and Park Maintenance Fund 225 , 000
<br /> Sinking Fund $1, 225 , 000 General Fund 11000, 000
<br /> $1,400 , 000 $1, 400, 000
<br /> SECTION II . Such transfer shall be made for a period not to
<br /> extend beyond December 31, 1972, and such funds so transferred
<br /> shall be returned and repaid to the original fund from which it
<br /> was transferred.
<br /> /s/ Roger O. Parent
<br /> Member of the Common Council
<br /> Passed 10-23-72 - As Amended
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