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RESOLUTION NO. 110-R1 <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 OF <br /> 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 1984 in order to meet the current <br /> operating expenses of the City, provided for in the budget adopted <br /> for the year 1984; 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 Depreciation, Cumulative Capital <br /> Improvement, Sewers Repair, and Liablility Insurance and Premium <br /> Reserve Funds which can be temporarily advanced or transferred to <br /> 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 <br /> be prescribed in the Resolution. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL <br /> OF 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 , 085 ,000. 00 to various funds from various funds as listed <br /> below. The aggregate amount of $5 ,085 ,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 , 1984 . <br /> FROM: MAXIMUM TO : MAXIMUM <br /> Cumulative Sewer Building Corporation General $4, 000, 000 <br /> & Sinking Fund $1 , 000, 000 <br /> Sewage Works Sinking Fund 850 , 000 Park Maintenance Fund 685 , 000 <br /> Sewage Works Depreciation Fund 360 ,000 Police Pension Fund 100,000 <br /> Sewage Works Operating Fund 1 , 200 ,000 <br /> Water Works Depreciation Fund 250 ,000 Fire Pension 200, 000 <br /> Cumulative Capital Improvement 100 ,000 <br /> Fund <br /> Sewer Repair Fund 125 ,000 Century Center Board of <br /> Managers Operating Fund 100, 000 <br /> Liability Insurance Premium 1 , 200,000 <br /> & Reserve <br /> $5 , 085 ,000 $5 , 085 , 000 <br />