Transferring Funds within the Fire Department

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ORDINANCE N0, 5401 -72 - 72 AN ORDINANCE TRANSFERRING FUNDS WITHIN THE FIRE DEPARTMENT OF THE CITY OF SOUTH BEND, INDIANA, STATEMENT OF PURPOSES AND INTEN ^1 The City of South Bend, Indiana, is in immediate need of additional pieces of fire fighting equipment. Pursuant to IC 1971, 18- 1 -6 -15 (Burns 48- 1902), the Board of Public Works and Safety is authorized to provide for the lease of fire fight- ing equipment with an option to purchase. The Common Council hereby determines that in order to provide for the purchase of the necessary equipment under existing budgetary limitations it is necessary to enter into the lease - purchase of such fire fighting equipment over a term of years. The fire department currently has unencumbered funds in the amount of $60,000, for budget year 1972 in Account No. Q -722, "Properties -Motor Equipment ". Said amount is sufficient to enter into the lease - purchase for the necessary equipment. Said unencumbered funds are transferred by this Ordinance to Account No. Q -521 "Current Charges- Rents ". NOW THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $60,000, is hereby transferred from Account No. Q -722, "Properties - ,Motor Equipment" in the 1972 budget of the Fire Department of the City of South Bend, Indiana, to the following Account within said budget of the Fire Depart- ment: Current Charges -THREE 3 Q -52 Rents (for lease- purchase of sax (fs-) pieces of fire - fighting apparatus and equip- ment over a period not to exceed s4-3t-(6 -) years) -Tr+Rs c 3 $60,000. SECTION II. This Ordinance shall be in effect after adoption by the Common Council, approval by the :Mayor, and ful- fillment of all statutory requirements. 1st & 2nd READING S-30 7R COMMITTEE OF THE WHOLE PUBLIC HEARING 4- a. 7 a C;� 6-7 3rd READING b. ;t 7 2 NOT APPROVE!! REFERRED PASSED &- aG -7 FILED IN CLERK'S OKICE Irene Gammon CITY CLERK, SOUTH BEND, IND. _v . 1 MAY' 1 8 1972