Transferring Monies from Various accounts to various Accounts year 1987

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_®o�T,„- CITY of SOUTH BEND m'4�kiiitI, �..4®+ ROGER O. PARENT, Mayor ® 0/e\ Iat1, d °e Hr\ COUNTY•CITY BUILDING SOUTH BEND, INDIANA 46601 4® ,� `,.,; , ` ; • ®'4, 8c a, .,ft„e...1' Michael L. Vance Director, Administration and 219/284-9742 Finance June 15, 1987 Mr. Joseph Serge President South Bend Common Council City of South Bend 4th Floor County-City Bldg. South Bend, IN 46601 Dear President Serge: The enclosed resolution and ordinances are being filed for appropriate action at the June 22, 1987 Council meeting. The ordinances and resolutions all relate to the adjustment of the City' s operating revenue and expenses for the 1987 budget year. As you will recall, the City normally has gone through this exercise during the later part of the year to balance its books and reflect the actual operating expenditures required. In an attempt to better plan and project expenses before that time, we are going through this exercise in June. A similar closing procedure will be filed in December. The resolution being filed closes out debt service retirement and proceed funds relating to a general obligation bond issue paid off in 1986. Those monies may now be transferred to the General Fund as all purposes for which the bond and fund were established have been fulfilled. The ordinances filed relate to the following: Monies appropriated for operating and capital improvement expenses within the City' s enterprise (utilities) funds, additional appropriations to the General Fund relating to excise taxes estimated low by the State Tax Board, additional costs of benefits negotiated with the F.O.P. and Fire Fighters Local No. 362 AFL-CIO, additional police motor equipment, and additional estimated expenses related to capital improvements being made by the South Bend Park Department. Monies appropriated in the Coveleski Stadium Fund for expenses related to the improvements, equipment, and operations of the Stadium facility.