HomeMy WebLinkAbout10030-10 Appropriation- $80,300 Additional Funds from the Water Works Sinking Fund # 625ORDINANCE No.
Passed by the Common Council of the City of South Bend, Indiana
August 9, 20 10
Attest:
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Attest:
Presented by me to the Mayor of the Ciry of South Bend, Indiana
August 10,
20 10
Ciry Clerk
President of Common Council
City Clerk
Approved and signed by me / -K•~~ ~ ~~ (~- 20 ~ ~
Mayer
ORDINANCE NO. ~ ~~ 3 ~ ~ ~ a
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, APPROPRIATING ADDITIONAL FUNDS OF $80,300 FROM THE
WATER WORKS SINKING FUND (#625)
STATEMENT OF PURPOSE AND INTENT
The Common Council passed the City's 2010 operating and capital budgets in
2009 (Ordinance #9957-09 and #9992-09), which included expenditures for various City
operations. It is now necessary to appropriate additional funds for operational
expenditures necessary for the City to effect provision of services to its citizens which
were not anticipated at the time the City budget was adopted.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
South Bend, Indiana, as follows:
Section I. The following amounts are hereby appropriated in fiscal year 2010 and
set apart within the following designated funds for operational expenses as follows:
Fund Amount
Water Works Sinking (#625) $80,300
TOTAL 80 300
Section II. This ordinance shall be in full force and effec om a after its
passage by the Common Council and approva the May
Member of the Common Council
Attes
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Presented by me to the Mayor of the City of South Bend, Indiana, on the
~,~1~. day of ~ u~~„~S-~ , 2010, at ~O'.~ o'clock q . m.
Approved and signed by me on the
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Dept City Clerk
day of ~ r,-. ~ , 2010, at
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PU6LiC HEARING Q' ~-~~
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NOT APPROV.EA
REFERRED
PASSED Ya'~-tc7
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CITY CLEC,~, Sq. Ff"I~!',?,1~6.
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~ of th Bend, Indiana
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
39-10 A BILL OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL
FUNDS OF $80,300 FROM THE WATER WORKS SINKING
FUND #625
Respectfully report that they have examined the matter and that in their opinion,
this bill is being recommended to the full Council with a favorable
recommendation.
Ann Puzzello
Chairperson, Committee of the Whole
Mid-Year Additional Aoorooriations
(Increases or decreases in total fund expenditures)
Prepared -July 19, 2010
Budget
Department
Fund Name Name
Works Sinking Fund Water Works
Additional Appropriation
Account Name
Interest Expense
Fiscal Officer/ Account Project Increase/
Contact Name Number Number (Decrease) Justification
R. Lawson 625-0640-472-38-02 - 80,300.00 Interest expense for the 2009 Revenue Bonds, Series A and B was under estimated during the budget process
580,300.00
Summary by Fund
Fund Fund
Number Name Amount
625 Water Works Sinking Fund 80,300.00
Total 580,300.00
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COUNTY-CITY BUILDING
227 W.JEFFERSON BOULEVARD
SOUTH BEND, IN 46601
PHONE 574-235-9216
FAx 574-235-9928
CITY OF SOUTH BEND STEPHEN .1. LUECKE, MAYOR
OFFICE OF ADMINISTRATION & FINANCE
GREGG D. ZIENTARA, CITY CONTROLLER
July 21, 2010
Mr. Derek Dieter
President, South Bend Common Council
4th Floor, County-City Building
South Bend, IN 46601
Re: Ordinance Appropriating Additional Funds for Water Works Sinking Bond Fund within the City of
South Bend
Dear President Dieter:
The Common Council adopted the 2010 budget with passage of Common Council Ordinances #9957-09
and #9992-09, which included expenditures for various City operations. It is now necessary to appropriate
additional funds for operational expenditures necessary for the City to effect provision of services to
citizens which were not foreseen at the time the City budget was adopted.
Attached you will find the ordinance for this purpose and attachment providing details to all requested
budget increases and reductions. The net dollar appropriation of this ordinance is $80,300, with
explanation as follows:
Fubd #625 Water Bond Sinking 80,300 Interest expense for 2009 revenue bonds series A
and B underestimated in original budget /budget
prepared in August /bond closing in September
The attachment detail is incorporated into the ordinance itself and made a part thereof.
This ordinance to the Common Council at its Committee meeting and at the public hearing will be
presented by Gregg Zientara.
Sincere) ,
Gregg D i ntara
Control) for the City of South Bend
F'f;~' a ~~ ~~CS"si'S C'a~S1r8
J U L 2 1 2010
JOFitd VOOROE
CITY CLERK, S0. BEPiD,1N.