84-17 MPAC Event, Parental Leave, Park Bond Fund

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Filed in Clerk's Office NOV 2 1.2017 ORDINANCE NO. KAREEMAH FOWLER AN ORDINANCE OF THE COMMON COUNCIL OF THE C17 IN INDIANA,AMENDING CHAPTER 2,ARTICLE 14, SECTION 2-170 OF THE SOUTH BEND MUNICIPAL CODE TO ESTABLISH VARIOUS NEW FUNDS: MORRIS PERFORMING ARTS CENTER SELF-PROMOTED EVENTS FUND (274), PARENTAL LEAVE FUND (714)AND 2017 PARKS BOND FUND (471). STATEMENT OF PURPOSE AND INTENT During the preparation and adoption of the 2018 City Budget, the need has arisen to add three (3) Funds to properly account for revenue and expenditures of the City of South Bend. The Morris Performing Arts Center (PAC) Self Promoted Events Fund will be used for shows and events that will be self-promoted through the Morris PAC and will be funded with ticket sale revenues. The Parental Leave fund will be used to offer Parental Leave to City employees based on a new policy. The Parks Bond Fund will be used for the revenues and expenditures related to the 2017 Parks Bond to improve the City's parks and trail system. These Funds consists of Fund Numbers 274, 714, and 471 respectively, and will be effective January 1, 2018. NOW,THEREFORE,BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,INDIANA as follows: SECTION I. Effective January 1, 2018,the following funds are established, and Chapter 2, Article 14, of the South Bend Municipal Code is hereby amended to add new sections which shall read in their entirety as follows: Section 2-170. 27. Morris Performing Arts Center Self-Promoted Events Fund The Morris Performing Arts Center Self-Promoted Events Fund (No. 274) is established to account for the revenue and expenditures related to events and activities that the Morris Performing Arts Center self-promotes or self-sponsors. Section 2-170.28. Parental Leave Fund The Parental Leave Fund (No. 714) is established to account for the revenues and expenditures relating to the Parental Leave policy established by the administration for the employees of the City. Section 2-170.29. 2017 Parks Bond Fund The 2017 Parks Bond Fund o. 471 is established to account for the revenues and expenditures relating to the 2017 Parks Bond established to improve the parks and trails system throughout the City of South Bend.