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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, Finance and Administration <br />TO: MEMBERS OF THE COMMON COUNCIL <br />Reply To: <br />September 19, 1973 <br />FROM: WALTER F. LANTZ, CHIEF DEPUTY CONTROLLER <br />SUBJECT: PARKING GARAGE TRANSFER <br />Accounts #260 and #330, "Other Contractual Services," were under - budgeted <br />for the following reasons: Rent for the Valometer Validating machines, <br />in the amount of $1,530.00, was paid out of accounts 4260 and #330, and <br />in turn, the City billed customers for the same amount. <br />However, it is a requirement of the State Board of Accounts that receipts <br />may not be receipted directly to a Line Item. They must be receipted to <br />the Parking Garage General Fund. Consequently, we are $1,530.00 short <br />in accounts #260 and #330, and the amount is in the Parking Garage General <br />Fund. <br />In addition, $300.00 per. month redemption of Validation Stamps in American <br />National Bank and National Auto Park was not considered in preparing the <br />budget. This money is actually refunds of money received in the Parking <br />Garage General Fund from merchants whose customers used the two (2) bank <br />garages. Consequently, approximately $2,700.00 has been paid out of <br />accounts #260 and #330, and the same amount remains in the Parking Garage <br />General Fund. <br />An additional $1,200.00 will have to be paid during the balance of the <br />year for redemption of Validation Stamps. <br />Walter F. Lantz, <br />Chief Deputy Controller <br />