HomeMy WebLinkAboutTransferring $4,453.94 from Account Y-532 to Account Y-54 witht the Firemen's Pension Fund RESOLUTION
314-72
Passed by the Common Council of the City of South Bend, Indiana,
July 10 19 72
Attest: City Clerk
LO ��%�� i
g} � 10E— President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
July 11 19 72
City Clerk
Approved and signed by me 19
Mayor
RESOLUTION NO. 314-72
A RESOLUTION TRANSFERRING $4,453. 94
FROM ACCOUNT Y-532 TO ACCOUNT Y-54,
WITHIN THE FIREMEN' S PENSION FUND.
-----------------------------------
WHEREAS, certain extraordinary conditions have developed
since the adoption of the existing annual budget so that it
is now necessary to appropriate more money than was appropriated
in the annual budget for Account Y-54 within the Firemen' s
Pension Fund; and
WHEREAS, a surplus exists within Account Y-532, also within
the Firemen' s Pension Fund,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA:
SECTION 1. That the sum of $4, 453.94 be transferred from
Account Y-532—to Account Y-54, both being within the Firemen' s
Pension Fund.
SECTION II. This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approval by the Mayor.
/s/ Terry S. Miller
Member of the Common Council
& 2nd READING - ° 7A,
COMMITTEE OF THE WHOLE
PUBLIC HEARING
3,d READS.
NOT AP.P.I00
REFERRM a
PASSED -7-
RESOLUTION NO.
Q,
AN AP 9NDFEI RESOLUTION TRANSFERRING $4,453. 94
FROM ACCOUNT Y-531 TO ACCOUNT Y-54, WITHIN THE
FIREMEN'S PENSION FUND.
WHEREAS, certain extraordinary conditions have developed
since the adoption of the existing annual budget so that it is now
necessary to appropriate more money than was appropriated in the
annual budget for Account Y-54 within the firemens' pension fund; and
WHEREAS, a surplus exists within Account Y-532, also within
the firemen's pension fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA:
SECTION I. That the sum of $4,453. 94 be transferred from
Account Y-531 to Account Y-54, both being within the Firemen's
Pension Fund.
SECTION II. This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approval by the mayor.
Member o the Common Council
FII ED IN CLERK'S OFFICE
1st & 2nd READING - 7-/O-7,2 irenc Gammon
COMMITTEE OF THE WHOLE CITY UERK, SOUTH BEND,IND.
PUBLIC HEARING 7- /o- 7 Z
3rd READING
NOT APPROVED -
REFERRED
PASSED _/0 72 �JUL s
EXCERPTS OF THE MINUTES FOR THE MEETINGS FOR RESOLUTION NO. 314-72
A RESOLUTION TRANSFERRING $4, 367. 29 FROM ACCOUNT
Y-531 to ACCOUNT Y-54 WITHIN THE FIREMEN' S FUND.
Since there was no one present to speak on this resolution, Councilman
Kopczynski made a motion that it be held over until the meeting of July
10, 1972, seconded by Councilman Horvath. Motion carried.
(Meeting of June 26, 1972
Resolution was read in full.
Meeting of July 10, 1972
Councilman Parent moved to strike resolution transferring #4, 367. 29
from Account Y-531 to Account Y-54 within the Firemen' s Fund.
Seconded by Councilman Miller and carried.
A new Resolution was then read in full.
A RESOLUTION TRANSFERRING $4, 453 . 94 FROM ACCOUNT Y-531
to ACCOUNT Y-54, WITHIN THE FIREMEN' S PENSION FUND.
Public Hearing was then held and Fire Chief Jack R. Bland explained
the the need for the resolution. Due to a culmination of longevity
suit filed in 1964, the court mandated the pension fund to make back
payments to retirees.
Proponents and opponents were given an opportunity to be heard.
Miss Guthrie asked why the descrepancy between Y 531 and Y 532 as stated
in the Resolution. Chief Bland said it should be Y 532 . Councilman
Miller moved to amend Title and Section I from Y 531 to Y 532. Council-
man Parent seconded the motion. Motion carried.
The Resolution passed by a roll call vote of six ayes (Councilmen Serge,
Szymkowiak, Miller, Parent, Taylor and Kopczynski.
Irene K. Gammon, City Clerk