HomeMy WebLinkAboutTransferring $120,447.00 Parking Meter Fund Parking Garage FundORDINANCE No. 7033 -82
Passed by the Common Council of the City of South Bend, Indiana
February 22, 1982
a
Presented by me to the Mayor of the City of South Bend,
Approved and signed by
Clerk
K. GAMMON
of Common Council
February 22 z9 82
A"
IRENE K. GAMMON
k' Z
Clerk
SUBSTITUTE BILL NO. 18 -82
ORDINANCE NO. 7033 -7
AN ORDINANCE TRANSFERRING $120,447.00
FROM THE PARKING METER FUND TO THE
PARKING GARAGE FUND.
STATEMENT OF PURPOSE AND INTENT:
Since the Parking Garage Fund had a deficit
balance of $120,447.00 at the end of 1981, and funds are
available in the Parking Meter Fund to be transferred,
said funds should be transferred to reduce the deficit.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON
COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
SECTION I. $120,447.00 is hereby transferred
from the Parking Meter Fund into the Parking Garage Fund.
SECTION II. This ordinance shall be in full
force and effect from and after its passage by the Common
Council and approval by the Mayor.
Member he Common Counci
Passed, as amended, February 22, 1982
Joseph E. Kernan
Director, Administration and
Finance
CITY of SOUTH BEND
ROGER O. PARENT, Mayor
COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601
February 2, 1982
Members of the Common Council
4th Floor County -City Building
South Bend, Indiana 46601
Dear Members of the Council:
219/284 -9742
The bill that you have before you would delete the Parking
Meter Fund, which is only used at this time to collect monies
received from parking tickets. These funds have always been
used to support the parking garages. This has required that
monies be transferred from the Parking Meter Fund to the Park-
ing Garage Fund from time to time to take care of deficit
balances.
Since the Parking Meter Fund is used only for these revenues,
and these revenues have always been pledged to the Parking
Garage Fund, it would be more efficient to have only one fund.
During the 1980 audit of the Parking Garages, Crowe Chizek and
Company expressed their desire that we combine these two funds.
If you have any questions regarding this bill, please contact me.
Your favorable consideration will be appreciated.
SincerZEKernan l _
oseph
City Controller
JEK:des
Attachment
( ummtun Itpurt
tdu file (10mum (Qounrtl of rile TUH of *mall lend:
Your Committee OF THE WHOLE
to whom was referred
BILL NO.
18 -82 A BILL COMBINING THE PARKING METER FUND WITH THE PARKING
GARAGE FUNDr AS AMENDED:
BY ACCEPTING A SUBSTITUTE BILL
Respectfully report that they have examined the matter and that in their opinion THIS BILL SHOULD BE
TO THE COUNCIL FAVORABLE.
JOHN VOORDE
Chairman
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