Transferring $1,488.02 Park Bond Fund to Park Bond Redemption Fund

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Ordinance 5 7 '? / - 7 41 AN ORDINANCE TRANSFERRING $1,488.02 FROM THE PARK DISTRICT BOND CONSTRUCTION FUND TO THE PARK DISTRICT BOND REDEMPTION FUND WHEREAS, certain extraordinary conditions have developed since the adoption of the existing annual budget so that it is now necessary to transfer money from one account to another in the annual budget for the various functions of the Department of Public Parks to meet such extraordinary emergencies, and WHEREAS, the Department of Public Parks has completed its construction of the King Recreation Center and has an unused balance of $1,488.02 and pursuant to Indiana Statutes such unused funds must be transferred to the Park District Bond Redemption Fund NOW, THEREFORE, BE IT ORDAINED, by the Common Council of the City of South Bend, Indiana, Section I. That the following account be reduced in the amount set opposite said account to -wit: Acct. No. Classification 50 Bond Construction Amount $1,488.02 Section II. That the following account be increased in the amount set opposite said account to -wit: Acct. No. Classification Amount 65 Park District Bond Redemption $1,488.02 That the transfer of funds as set forth in Section I and II are required for the proper and efficient operation and function of the Department of Public Parks of South Bend and an extraordinary emergency is declared to exist con- cerning the foregoing transfer. Section III. This Ordinance shall be in full force and effect from and after its passage by the Common Council, approved by the Mayor, and the fulfillment of all statutory requirements for emergency appropriations. 1st READING PUELIC HEARING 2nd READING NOT APPROVED REFERRED PASSED /I - a 5 -'J 4/ FILED IN CLERK'S OFFICE OCT 2 51974 Irene Gammon CITY CLERK, SWTH BEND, IND,