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Department of Public Parks <br /> Administration Building <br /> St. Louis Boulevard at Wayne Street <br /> South Bend, Indiana 46617 <br /> jeoteoiber 26, 1;>72 <br /> iliembers of the Common Council <br /> County-City Luilding <br /> 217 West Jefferson lioulevard <br /> South Bend, Indiana <br /> Gentlemen: <br /> 'i'he Department of Public Parks is requesting the common council to <br /> approve the enclosed resolution of transfer of funds. Loth accounts <br /> are in the same classification in the General park Dund. <br /> The 1972 park budget is short in account number 56, current Charges, <br /> Gross Income Tax because tax must be paid on income from the s�J_e of <br /> land (25,000.00) on Ireland Road and X5,860.00 for land sold at <br /> Potawatomi Park. Also, an error was made in the computing of the <br /> second quarter payment in 1971. Only one months income was paid on <br /> instead of three months. The adjusted payment, which is made in <br /> March of 1972, had to pick up the income earned in the two months of <br /> 1971. The payment came out of the 1972 budget thus shorting the 1972 <br /> tax account. You will note that we had a balance at the end of 1971 <br /> of $2,015.90 in our tax account because of the failure to pay taxes <br /> on $82,916.52 income for April and May of 1971. At the time the 1972 <br /> budget was prepared, we had no idea that these properties would be <br /> sold. Current balance in the tax account is $561.16. <br /> There is a balance in account number 52, Current Charges ($3,711.51) <br /> because of the fine cooperation among departments of City Government. <br /> The Park Department used equipment from the Street Department and the <br /> School Corporation thus relieving the need to rent equipment. <br /> Very truly yours, <br /> DEPARTIOU OF PUBLIC PARS <br /> FILED IN CLERK'S OFFICE <br /> t ter R. Seitz Irene Gamm-n <br /> in;endent CITY CLERK, SOUTH <br /> J 1R5;kb <br /> [OCT 2 1072 <br />