HomeMy WebLinkAboutAuthorizing the temporary transfer of idle funds to the General Fund of the Civil City of South Bend RESOLUTION
`4O. 26 -71
Passed by the Common Council of the City of South Bend, Indiana,
February 8, 19 71
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 19
City Clerk
Approved and signed by me 19
Mayor
RESOLUTION NO. 261-71
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
OF IDLE FUNDS TO THE GENERAL FUND OF THE CIVIL
CITY OF SOUTH BEND, INDIANA
WHEREAS, a necessity exists to provide funds for the
General Fund of the City of South Bend , prior to the receipt of
taxes in the year 1971 , in order to meet the current running
expenses of the City, provided for in the budget and appropriations
adopted for the year 1971, which expenses must be met prior to
the receipt of taxes in the year 1971, and
WHEREAS, there are monies on deposit to the credit of
various funds of the City, to wit: Track Elevation Fund, Cumu-
lative Sewer Building & Sinking Fund, Water Works Depreciation
Fund, Main Extension Fund, Sewage Works Depreciation Fund and
Sewage Works Improvement Fund, which can be temporarily ad-
vanced or transferred to such General Fund, and
WHEREAS, Chapter 71 of the Acts of 1961 of the Indiana
General Assembly authorizes the Common Council of the Civil City
of South Bend by Resolution adopted by such Common Council, to
advance and transfer to a depleted fund from any other such fund,
such amount and for such period of time as may be prescribed in
the Resolution,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA:
SECTION I . That the City Controller of the City of
South Bend is authorized to transfer an aggregate amount not to
exceed $1 , 000, 000 to the General Fund of the City from various
funds of the City, to wit: The Track Elevation Fund, Cumulative
Sewer Building & Sinking Fund, Water Works Depreciation Fund,
Main Extension Fund, Sewage Works Depreciation Fund and Sewage
Works Improvement Fund .
SECTION II . Such transfer shall be made for a period not
to extend beyond December 31, 1971, and such funds so transferred
shall be returned and repaid to the original fund from which it
was transferred .
s
`"Member of the Common Council
Id A 2nd READING 2-8-71 FILED IN CLERK'S OFFICE
COMMITTEE OF THE WHOLE
PUBLIC HEARING 2-8-71 JAN 21 1971
3rd READING
NOT APPROVED
REFERRED KATHRYN L. BLOUGH
PASSED 2-8-71 CITY CLERK, SOUTH BLND, IND,