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RESOLUTION NO. / `+(o(o-S" 7 <br /> A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF IDLE FUNDS OF THE <br /> CITY OF SOUTH BEND, INDIANA, FROM VARIOUS FUNDS TO THE VARIOUS FUNDS <br /> WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA. <br /> WHEREAS, it is necessary to provide funds for the Corporation General, Park <br /> Maintenance, Police Pension and Fire Pension, and Century Center Board of Managers Ope- <br /> rating funds prior to the receipt of taxes in the year 1987 in order to meet the current <br /> operating expenses of the City, provided for in the budget adopted for the year 1987; <br /> and <br /> WHEREAS, there are monies on deposit to the credit of various funds of the City, <br /> to wit: Cumulative Sewer Building and Sinking, Sewage Works Depreciation, Sewage Works <br /> Operating, Sewage Works Insurance Fund, Water Works Operating, Sewers Repair, and Tax In- <br /> cremental Financing Bond Proceeds which can be temporarily advanced or transferred to the <br /> various funds already mentioned; and <br /> WHEREAS, Indiana Code 36-1-8-4 authorizes the Common Council of the Civil City <br /> of South Bend, by Resolution adopted by such Council, to advance and transfer to a depleted <br /> fund from any other such fund, such amount and for such a period of time as may be pre- <br /> scribed in the Resolution. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br /> INDIANA: <br /> SECTION I. That the City Controller of the City of South Bend is authorized <br /> to transfer an aggregate amount not to exceed $4,000,000.00 to various funds from various <br /> funds as listed below. The aggregate amount of $4,000,000.00 to be distributed so as not <br /> to exceed at any one time the maximum amounts as set forth below. Any such transfers made <br /> must be repaid by December 31, 1987. <br /> FROM: MAXIMUM TO: MAXIMUM <br /> Cumulative Sewer Building <br /> & Sinking Fund $ 850,000.00 Corporation General $3,000,000.00 <br /> Sewage Works Depreciations <br /> Fund 50,000.00 Police Pension Fund 200,000.00 <br /> Sewage Works Operating Fund 1,200,000.00 <br /> Sewage Works Insurance Fund 150,000,00 <br /> Water Works Operating Fund 750,000.00 Fire Pension 200,000.00 <br /> Sewer Repair Fund 100,000.00 Century Center 100,000.00 <br /> T.I.F. Bond Proceeds 900,000.00 Park Maintenance Fund 500,000.00 <br /> $4,000,000.00 $4,000,000.00 <br /> SECTION II. Such transfer shall be made for a period of time not to extend <br /> beyond December 31, 1987 and such funds to be transferred shall be returned and repaid to <br /> the original funds from which they were transferred. <br /> SECTION III. This Resolution shall be in full force and effect from and after <br /> its adoption by the Common Council and approval by the Mayor. <br /> ember/.f the C mmon Co it <br /> Filed In Clerk's Office <br /> PRESENTEt 4)- 9- 8'2 <br /> NOT APPROVED FEB 4 198 <br /> ADOPTED 7_ 9 e 7 IRENE GAMMON <br /> CITY CLERK, SO. BEND, IN. <br />