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Mayor Peter Nemeth Jan. 8, 1976 <br />County City Building <br />South Bend, Indiana <br />Mr. Nemeth and Common Council, <br />During the 1974 and 1975 budget years the council was made <br />aware that insufficient funds were available thru Motor Vehicle <br />Highway taxes to support the programs of the department. The <br />council at various times during both years granted Revenue <br />Sharing Funds. <br />Again in 1976 we are short in our budget and need monies <br />from Revenue Sharing Funds which will allow us to continue the <br />street and alley maintenance and improvements as we have in the <br />past. Since we are now in 1976 we can use 1974 and 1975 as <br />a base for required monies needed for 1976. However we must <br />also keep in mind any further esculation in material cost is <br />not included in the estimates. <br />SPENT FOR MATERIALS IN 1974: <br />MVH- $319552.00 <br />FA- $244155.00 <br />COIF- $102500.00 <br />The total amount being spent in 1974- - - - - -- $666207.00 <br />SPENT FOR MATERIALS IN 1975: <br />MVH - $148100.00 <br />FA- $165000.00 <br />REV- $252800.00 <br />The total amount being spent in 1975- - - - - -- $650900.00 <br />FUNDS AVAILABLE FOR 1976: <br />MVH- $148100.00 <br />FA -$NONE <br />REV -$NONE <br />The total amount being available for 1976 -- $148100.00 <br />This indicates a total of $502800.00 short available <br />funds compared to what was spent in 1975 and $518107.00 <br />short from what was spent in 1974. <br />