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COUNTY-CITY BUILDING, <br />227 W.JEFFERSON BOULEVARD <br />SOUTH BEND,IN 46601 <br />S U~ <br />PEACE <br />i- <br />l'(~,~ ~ ~ <br />t ~ <br />1865 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />OFFICE OF ADMINISTRATION & FINANCE <br />GREGG D. ZIENTARA, CITY CONTROLLER <br />November 17, 2010 <br />Mr. Derek Dieter <br />President, South Bend Common Council <br />4~h Floor, County-City Building <br />South Bend, IN 46601 <br />PHONE 574-235-9216 <br />FAx 574-235-9928 <br />Re: Ordinance of the Common Council Transferring Monies within Certain Property Tax Supported <br />Funds <br />Dear President Dieter: <br />Due to possible delays in receipt of certain property tax revenue, it has become necessary to temporarily <br />transfer monies from various funds within the City to depleted funds to meet current operational <br />expenses. All funds from which temporary transfers are to be made have sufficient monies to <br />accommodate the temporary transfers. <br />In the event that a tax distribution is received prior to December 31, 2010, and sufficient to negate the <br />deficit position, the temporary transfer of funds approved by this ordinance will be unnecessary and will <br />not be actioned. <br />I will present this Bill to the Common Council at the appropriate Council Committee meeting, public <br />hearing, and at the Council meeting. I am available to discuss any matters concerning this Bill at the <br />convenience of the Council. <br />Regards, <br />Gregg D i n ara <br />cc: Ste n J. Luecke, Mayor of the City of South Bend <br />~, <br />4 <br />D <br />