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Transferring the Balance of $24,000.03 Urban Redevelopment Fund to the General Fund
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Transferring the Balance of $24,000.03 Urban Redevelopment Fund to the General Fund
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11/15/2013 1:48:54 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/15/1975
Ord-Res Number
5934-75
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CITY OF SOUTH BEND <br />South Bend, Indiana 46601 <br />Jerry J. Miller <br />Mayor <br />James V. Barcome <br />Director, Administration and Finance <br />Common Council <br />City of South Bend <br />4th Floor <br />County -City Building <br />South Bend, Indiana <br />Gentlemen: <br />Reply To: Bureau of <br />Administration & Finance <br />November 20, 1975 <br />I'm presenting an ordinance for your consideration on November 24, 1975, <br />which will transfer the unspent balance of the Urban Redevelopment Fund <br />to the General Fund of the City of South Bend. <br />This power to make this transfer is specifically given to the Common <br />Council through IC- 19 -11 -1. In short, this section of the code stipulates <br />that the unused portion of any fund raised by tax levies or special taxes <br />may be transferred to.the general fund upon the completion of the uses <br />intended for the fund. <br />Where as nothing could be gained through letting the funds remain idle <br />in their present fund, by transferring this balance, the general fund will <br />have a better working cash balance. <br />If I can be of further help please feel free to contact me. <br />Very trul yours, <br />i <br />ames V Barcome, Director <br />Administration & Finance <br />JVB /mkm <br />
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