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• RESOLUTION NO . 144$i_/V
<br /> A RESOLUTION AUTHORIZING THE TEMPORARY
<br /> TRANSFER OF IDLE FUNDS OF THE CITY OF
<br /> SOUTH BEND , INDIANA, FROM VARIOUS FUNDS
<br /> TO VARIOUS FUNDS WITHIN THE CIVIL CITY
<br /> OF SOUTH BEND , INDIANA.
<br /> WHEREAS, it is necessary to provide funds for the
<br /> Corporation General , Park Maintenance , Police Pension, Fire Pension,
<br /> and Century Center Board of Managers Operating funds prior to the
<br /> receipt of taxes in the year 1985 in order to meet the current
<br /> operating expenses of the City, provided for in the budget adopted
<br /> for the year 1985 ; and
<br /> WHEREAS , there are monies on deposit to the credit of
<br /> various funds of the City, to wit : Cumulative Sewer Building and
<br /> Sinking, Sewage Works Sinking, Sewage works Depreciation , Sewage
<br /> Works Operating, Sewage Works Insurance Fund, Water Works Depreciation,
<br /> Cumulative Capital Improvement , Sewers Repair , and Liability Insurance
<br /> and Premium Reserve Funds which can be temporarily advanced or trans-
<br /> ferred to the various funds already mentioned; and
<br /> WHEREAS , Indiana Code 36-1-8-4 authorizes the Common
<br /> Council of the Civil City of South Bend, by Resolution adopted by
<br /> such Council , to advance and transfer to a depleted fund from any
<br /> other such fund, such amount and for such a period of time as may be
<br /> prescribed in the Resolution.
<br /> NOW, THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF
<br /> THE CITY OF SOUTH BEND , INDIANA:
<br /> SECTION I. That the City Controller of the City of
<br /> South Bend is authorized to transfer an aggregate amount not to
<br /> exceed $5 , 185 , 000 . 00 to various funds from various funds as listed
<br /> below. The aggregate amount of $5 , 185 , 000 . 00 to be distributed so
<br /> as not to exceed at any one time the maximum amounts as set forth
<br /> below. Any such transfers made must be repaid by December 31 , 1985.
<br /> FROM: MAXIMUM TO: MAXIMUM
<br /> Cumulative Sewer Building
<br /> & Sinking Fund 1 , 000 , 000 Corporation General $4 , 000 , 000
<br /> Sewage works Sinking fund 850 , 000 Park Maintenance Fund 685 , 000
<br /> Sewage Works Depreciation
<br /> Fund 360 , 000 Police Pension Fund 100 , 000
<br /> Sewage Works Operating Fund 1 , 200 , 000
<br /> Sewage Works Insurance Fund 100 , 000
<br /> Water Works Depreciation Fund 250 , 000 Fire Pension 200 , 000
<br /> Cumulative Capital Improvement
<br /> Fund 100 , 000
<br /> Sewer Repair Fund 125 , 000 Century Center Board of
<br /> Managers Operating Fund 200 , 000
<br /> Liability Insurance Premium 1 , 200 , 000
<br /> $5 , 185 , 000 $5 , 185 , 000
<br />
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