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COUNTY-CITY BUILDING = � PHONE 574-235-9216 <br /> 227 W.JEFFERSON BOULEVARD ;;' SQU TN 8 '_',_ FAX 574-235-9928 <br /> SOUTH BEND,IN 46601 4. - " �',�,` <br /> O-' ,d <br /> �� J <br /> �1� '�� `�..-�. <br /> �j <br /> �; � �d��� <br /> W 1 �AC� �' <br /> `�'t' (��' �%�� <br /> �' a <br /> 1865 - <br /> CITY OF SOUTH BEND STEPHEN J.LUECKE,MAYOR <br /> OFFICE OF ADMINISTRATION & FINANCE <br /> GREGG D.ZIENTARA,CITY CONTROLLER <br /> June 10, 2011 <br /> Mr. Derek Dieter <br /> President, South Bend Common Council <br /> 4th Floor, County-City Building <br /> South Bend, IN 46601 <br /> Re: Ordinance of the Common Council Transferring Monies from the Rainy Day Fund to Support <br /> Temporary Cash Flow Issue Negative Cash Balances in Certain City Funds <br /> Dear President Dieter: <br /> Due to possible delays in receipt of certain ro ert tax revenue State of In i <br /> P p y , d ana distnbutions of cigarette <br /> tax revenue from the State /County, and police and fire pension relief reimbursement payments from the <br /> State of Indiana it has become necessary to temporarity transfer monies from various funds within the <br /> City to depleted funds to meet current operational expenses. All funds from which temporary transfers <br /> are to be made have sufficient monies to accommodate the temporary transfers. <br /> In the event that the property tax distribution, cigarette tax distribution, and police and fire pension relief <br /> reimbursements are received prior to June 30, 2011, and sufficient to negate the deficit position, the <br /> temporary transfer of funds approved by this ordinance will be unnecessary and will not be actioned. <br /> Should such transfers of temporary funds be required, the transfers will be returned to the transferring <br /> fund, at the earliest position, upon receipt of sufficient distributions to the funds in question. <br /> City Administration requests the Common Council to consider this Bill at the June 13, 2011 Common <br /> Council meeting, under the introduction of "unfinished business°, to allow this Bill to move forward for <br /> required public advertising and enable appropriate Council required actions for adoption at the June 27, <br /> 2011 Common Council meeting. <br /> Controller Zientara will present this Bill to the Common Council at the appropriate Council Committee <br /> meeting, public hearing, and at the Council meeting. I am available to discuss any matters concerning <br /> this Bill at the convenience of the Council. <br /> Regar , _ �� <br /> � �r l d jn Ce���� ;�$;;:�' <br /> � t a_ _.. . '" .:�'�.a�:�: �. <br /> � � - --.��as.�� ! <br /> Gregg D. ientara iJ�J� � � ��;�� <br /> cc: Stephen J. Luecke, Mayor of the City of South Bend �����,����� <br /> ��`�!�!��I�.��tt1"T'H�I��V[t,Iw <br />