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209 N. MAIN STREET <br />SUITE 207 <br />SOUTH BEND, INDIANA 46601 -1200 <br />CrrY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />SOUTH BEND WATER WORKS <br />JOHN F. STANCATI <br />DIRECTOR <br />July 22, 1998 <br />Mr. Scan Coleman, President <br />South Bend Common Council <br />4th Floor, County-City Building <br />South Bend, Indiana 46601 <br />RE: Resolution Authorizing Transfer of Funds <br />Dear Mr. Coleman: <br />PHONE 219 /235 -9322 <br />FAX 219/235 -9728 <br />TDD 219/235 -5567 <br />The Water Works finds itself with a cash flow problem due to two consecutive years of below <br />average pumpage. The water sales have not produced the necessary revenues to meet our <br />operating expenses. To correct this situation, we feel that the necessary adjustments have been <br />made to curb expenses without hampering the operation. This transfer of funds will give us the <br />cash flow necessary to operate through to the year end, at which time the transfer will be returned <br />to Wastewater. <br />Sincerely, <br />John F. Stancati <br />Director <br />Filed in Clerk's Office <br />JUL 2 Z 1998 <br />ton TTA J. DUDA <br />CITY CLERK, 90. BEND, IN. <br />