Appropriating $1,485,000.00 Federal Assistance Grant Fund Commonly Referred General Revenue Sharing Trust Fund

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ORDINANCE NO. '7„3 q q - 9 AN ORDINANCE APPROPRIATING $1,485,000.00 FROM THE FEDERAL ASSISTANCE GRANT FUND COMMONLY REFERRED TO AS GENERAL REVENUE SHARING TRUST FUND FOR THE 1984 POLICE AND FIRE PENSION COSTS OF THE CITY OF SOUTH BEND, INDIANA STATEMENT OF PURPOSE AND INTENT Additional funds are needed to supplement the 1984 budget for police and fire pensions, as planned in the budget. Monies are available within the General Revenue Sharing Trust Fund. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. That the sum of $1,485,000.00 is hereby appropriated for tie year 1984 from the Federal Assistant Grant Fund commonly known as the General Revenue Sharing Trust Fund. This appropriation is to be administered by the Department of Administration and Finance and will be distributed as set forth below: PROGRAM FA 1984 POLICE AND FIRE PENSIONS ACCOUNT DESCRIPTION AMOUNT 150.1 Pensions Retired Personnel $ 1,285,000.00 150.2 Pensions Personnel Current 200,000.00 Year TOTAL $ 1,485,000.00 SECTION II. That this Ordinance shall be in full force and effect from and after its passage by the Common Council, approval by the Mayor, and approval by the State Board of Tax Commissioners.