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CovNrr-CIrY Buunuac <br />227 W. JEFFERSON BLVD. <br />Sovrx BEND, INDIANA 46601-1830 <br />PxoNE574/235-9216 <br />FAx 574!235-9928 <br />TDD 574/235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF .ADMINISTRATION AND FINANCE <br />M. CATHERINE FANELLO <br />CONTROLLER <br />October 27, 2008 L ~"~ \~ ~i" c~,~ ~j g' -~ " i ~ ~ ~~p ,.~ (~..~~, --~~' <br />Tom LaFountain, Chair of Personnel & Finance Comm. <br />County-City Building, 4th Floor <br />227 W. Jefferson Blvd. <br />South Bend; IN 46601 <br />Dear Council Member LaFountain: <br />The following changes are proposed to the 2009 South Bend budget: <br />1. Decrease gasoline budgets in all funds that carry such budget. Total decrease <br />equals $555,976. Estimated fuel now stands at $3.25 per gallon instead of <br />$3.90. <br />2. Increase the General Fund 101 Community & Economic Development <br />transfer to fund 212 from $931,160 to $953,300 for a total increase of <br />$22,140. The incorrect amount was included in the original budget <br />submission. <br />3. Eliminate Water Leak Insurance Fund 644 and transfer all activity to the <br />Water Works General Fund 620. This is done pursuant to the IURC's <br />comments that any future revenue increases to fund 644 would need to be <br />approved by the IURC. Hence, no reason to track in a separate fund. <br />The above changes reduce the citywide budget from $181,008,453 to $180,474,617. <br />Two revised schedules are attached, 1 will present these changes to the Personnel & <br />Finance Committee this afternoon. Thank you for your consideration of these changes. <br />Sincerely, <br />•~ ~ ~ <br />~~~'~~ <br />M. Catherine Fanello <br />cc: Common Council Members <br />Mayor Luecke <br />d' j ~a~i'iI.~ <br />4 <br />per ~' 7 2008 <br />---::.::.::r.. ~z~~~, <br />JANICE L. HALL. JoHNMvRrHY RosERTALLFN <br />DIRECTOR ASSISTANT CONTROLLER DIRECTOR <br />HUMAN RESOURCES INFORMATION TECHNOLOGY <br />