10588-18 Budget- March 2018 Civil City Funds

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SUBSTITUTE BILL NO. 16-18 ORDINANCE NO. 10588-18 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN DEPARTMENTAL AND CITY SERVICES OPERATIONS IN 2018 OF$37,500 FROM STUDEBAKER/OLIVER REVITALIZATION GRANT FUND (#209), $10,000 FROM CENTRAL SERVICES FUND (#222), $900,000 FROM LIABILITY INSURANCE RESERVE FUND (#226), $2,000,000 FROM LOCAL ROAD & BRIDGE GRANT (#265), $20,000 FROM PARKS NONREVERTING CAPITAL FUND (#405), AND $91,412 FROM 2015 PARKS BOND CAPITAL FUND (#751). STATEMENT OF PURPOSE AND INTENT The Common Council passed the City's 2018 operating and capital budgets in 2017 (Ordinance#10499-17 passed on October 23, 2017), which included expenditures for various City operations. It is now necessary to appropriate additional funds for operational and capital expenditures necessary for the City to effect provision of services to its citizens which were not anticipated at the time the City budget was adopted. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: Section I. The following amounts are hereby appropriated in fiscal year 2018 and set apart within the following designated funds for expenditures as follows: FUND Amount Studebaker/Oliver Revitalization Grant(#209) $ 37,500 Central Services (4222) 10,000 Liability Insurance Reserve (4226) 900,000 Local Road& Bridge Grant(#265) 2,000,000 Parks Nonreverting Capital (#405) 20,000 2015 Parks Bond Capital (#751) 91,412 TOTAL $ 3,058,912 Section II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval of the Mayor.