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Peter H. Mullen <br />Director, Administration and <br />Finance <br />CITY of SOUTH <br />PETER J. NEMETH, <br />BEND <br />Mayor <br />COUNTY-CITY BUILDING SOUTH BEND, INDIANA 46601 <br />Members of the Common Council <br />Council Chambers, 4th Floor <br />COunty-City Building <br />South Bend, Indiana <br />Dear Council Members: <br />February 9, 1977 <br />L��Jox_u T/o* <br />q 491VII <br />'J'J�LI-A <br />//VDIAIAN <br />219/284-9742 <br />There will be an ordinance presented for first reading on <br />February 14, 1977, transferring the sum of $200,000 from <br />Account 260.0, Contractual Services, to Account 810.0, <br />Bonds and Notes, both accounts being within the CCIF Fund. <br />This is basically the same transaction which you approved <br />last February; its purpose being the catching up of the <br />back payments in the Term Bond Fund. <br />The balance in the bond fund, 1-1-77, should have been <br />$525,000, the actual cash balance was $208,000, leaving <br />a deficit of $307,000. At the same time (1-1-76) the <br />deficit was $425,000. <br />I have included a summary of revenues for 1976 for your <br />review, and would be glad <br />