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Appropriating, Adopting and Approving the South Bend Public Transportation Corporation's 2016 Budget
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Appropriating, Adopting and Approving the South Bend Public Transportation Corporation's 2016 Budget
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10/20/2015 2:31:02 PM
Creation date
10/20/2015 2:30:58 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/12/2015
Ord-Res Number
10386-15
Bill Number
44-15
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Training: The 2015 budgeted amounts increased from 2014 budgeted provisions. <br /> Transpo plans to use federal grants to offset most of the cost associated with training. <br /> The current budget provides continued opportunities for all positions. <br /> Transfer — Capital Improvement Fund/Restricted Liability Reserve: The 2016 <br /> budget provides the opportunity to transfer up to $500,000 to the Capital Improvements <br /> fund for future capital expenditures or deposit up to $500,000 into a restricted liability <br /> reserve account, to be used pay off the first year installments on sixteen fixed route <br /> vehicles. <br /> > UPON THE ADOPTION OF THE ANNUAL BUDGET BY THE SOUTH BEND <br /> PUBLIC TRANSPORTATION BOARD OF DIRECTORS, A MONTHLY BUDGET, <br /> BASED ON HISTORICAL AND FUTURE TRENDS, WILL BE ESTABLISHED. <br /> THIS WILL HELP FACILITATE THE MONTHLY REVIEW OF FINANCIAL <br /> REPORTS BY BOARD MEMBERS AND INTERNAL MANAGEMENT. <br /> 5 <br />
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