Authorizing the Temporary Transfer of Idle Funds for Sewage Works Capital Fund # 642 to Parks Maintenance Fund #201

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RESOLUTION NO. Z � 1 D —0' A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF IDLE FUNDS FROM THE SEWAGE WORKS CAPITAL FUND ( #642) TO THE PARKS MAINTENANCE FUND ( #201), WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA WHEREAS, it is necessary to provide funds for the Park Maintenance Fund ( #201) prior to the receipt of taxes in the year 2001 in order to meet the current operating expenses of the City Parks Department provided for in the budget adopted for the year 2001. WHEREAS, monies are on deposit to the credit of the City, specifically, the Sewage Works Fund ( #642), which can be temporarily transferred to the Park Maintenance Fund. WHEREAS, Indiana Code § 36 -1 -8 -4 authorizes the Common Council of the Civil City of South Bend by Resolution adopted by such Council, to advance and transfer to a depleted fund from any other such fund, such amount and for such a period of time as may be prescribed in the Resolution. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend as follows: Section I. The City Controller of the City of South Bend is authorized to transfer an aggregate sum not to exceed $1,500,000 as follows: From: Maximum To Maximum Sewage Works $1,500,000 Park Maintenance $1,500,000 Capital Fund ( #642) Fund ( #201) Section II. Such transfer shall be made for a period of time not to extend beyond December 31, 2001, and those funds which are transferred shall be returned and repaid to the original fund from which they were transferred. Section III. This Resolution shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. PRESENTED 3 -2--�O-0 NOT APPROVED ADOPTED 1-L\0-0\ Member, Common Council Filed in Clerk's Cfalce MAR 2 'i LORETTAJ. DUM CTTTCW K $0.BEM6.6�,