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REGULAR MEETING FEBRUARY 8, 1982
<br />Council Member Taylor made a motion to have public hearing on the next two resol-
<br />ution, seconded by Council Member Beck. The motion carried.
<br />RESOLUTION NO. 944 -82 A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF IDLE
<br />FUNDS OF THE CITY OF SOUTH BEND, INDIANA, FROM THE CUMUL-
<br />ATIVE SEWER BUILDING AND SINKING FUND, SEWAGE WORKS DEPRECI-
<br />ATION FUND, WATER WORKS DEPRECIATION FUND, SEWAGE WORKS
<br />SINKING FUND, CUMULATIVE CAPITAL IMPROVEMENT FUND, SEWERS
<br />REPAIR FUND AND LIABILITY INSURANCE AND RESERVE FUND TO THE
<br />CORPORATION GENERAL, PARK MAINTENANCE, POLICE PENSION, FIRE
<br />PENSION AND HUMAN RELATIONS AND FAIR EMPLOYMENT PRACTICES
<br />COMMISSION FUNDS AND CENTURY CENTER OPERATIONS FUND, ALL
<br />FUNDS BEING WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA.
<br />WHEREAS, a necessity exists to provide funds for the Corporation General, Park
<br />Maintenance, Police Pension, Fire Pension, Human Relations fund prior to the receipts
<br />of taxes in the year 1982 in order to meet the current operating expenses of the
<br />City, provided for in the budget and appropriation adopted for the year 1982 which
<br />expenses must be met prior to the receipts of taxes and other revenues in the year
<br />1982; and
<br />WHEREAS, there are monies on deposit to the credit of various funds of the City,
<br />to wit: Cumulative Sewer Building and Sinking, Sewage Works Sinking, Sewage Works
<br />Depreciation, Water Works Depreciation, Cumulative Capital Improvement, Sewers Re-
<br />pair, and Liability Insurance and Reserve Funds which can be temporarily advanced or
<br />transferrd to the various funds already mentioned; and
<br />WHEREAS, Indiana Code 36 -1 -8 -4 authorizes the Common Council of the Civil City
<br />of South Bend, by Resolution adopted by such Council, to advance and transfer to a
<br />depleted fund from any other such funds, such amount and for such period of time as
<br />may be prescribed in the Resolution.
<br />NOW, THEREFORE, BEIT RESOLVED BY THE COMMON COUNCIUL OF THE CITY OF SOUTH BEND,
<br />INDIANA:
<br />SECTION I. That the City Controller of the City of South Bend is authorized to
<br />transfer an aggregate amount not to exceed $4,605,000.00 to various funds from var-
<br />ious other funds as listed below. The aggregate amount of $4,605,000.00 to be dis-
<br />tributed so as not to exceed at any one time the maximum amounts as set forth below.
<br />Any such transfers made must be repair by December 31, 1982.
<br />FROM: MAXIMUM
<br />TO: MAXIMUM
<br />Cumulative Sewer
<br />Building & Sinking Fund $1,900,000 Corporation General
<br />Sewage Works Sinking
<br />Fund
<br />Sewage Works Depreciation
<br />Fund
<br />Water Works Depreciation
<br />Fund
<br />Cumulative Capital
<br />Improvement Fund
<br />Sewer Repair Fund
<br />Liability Ins. Prem.
<br />& Reserve Fund
<br />Park Maintenance
<br />850,000 Fund
<br />360,000 Police Pension Fund
<br />250,000 Fire Pension Fund
<br />$3,500,000
<br />300,000 Human Relations &
<br />Fair Prac. Comm. Fund
<br />125,000 Century Center
<br />Oper. Fund
<br />820,000
<br />$4,605,000
<br />600,000
<br />160,000
<br />250,000
<br />5,000
<br />90,000
<br />$4,605,000
<br />SECTION II. Such transfer shall be made for a period of time not to extend
<br />beyond December 31, 1982, and such funds so transferred shall be returned and repaid
<br />to the original funds from which they were transferred.
<br />SECTION III. This Resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and its approval by the Mayor.
<br />/s/ Lewis A. McGann
<br />Member of the Common Council
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