HomeMy WebLinkAboutTransferring & Appropriating $125,000 Cumulative Capital Improvement FundORDINANCE NO. 7046 -82
Passed by the Common Council of the City of South Bend,
April 26, �9 82
Presented by me to the Mayor of the City of South Bend,
Clerk
IRENE K. GAMMON
Of Common Council
zg 82
IRENE K. GAMMON
Approved and signed by me /
Clerk
ORDINANCE NO. 70 V� -,Fa
AN ORDINANCE TRANSFERRING AND
APPROPRIATING $125,000 FROM
CUMULATIVE CAPITAL IMPROVEMENT
FUND TO THE BOARD OF PUBLIC
WORKS WITHIN THE GENERAL FUND
OF THE CITY OF SOUTH BEND, INDIANA
STATEMENT OF PURPOSE AND INTENT:
Monies are needed for street repair and maintenance in
1982. Funds are available in the Cumulative Capital Improvement Fund, but
they must be transferred to the General Fund to be used for street repairs
and maintenance.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF
THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
SECTION I. Transfer $125,000 from the Cumulative Capital
Improvement Fund to the General Fund pursuant to I.C. 6 -7 -1 -31.1
SECTION II. Appropriate $125,000 to the Board of Public
Works within the General Fund, as set forth below:
Account No.
235.0
Description
Street Material
Amount
$125,000
SECTION III. This Ordinance shall be in full force and effect
from and after its passage by the Common Council and approval by the Mayor.
1st READING ,- Oda— T- -).,
PUBLIC HEARING 5- d G - e )
2nd READING Y- .76 -e,2
NOT APPROVED
REFERRED
PASSED
Member of the Common CouncT
FILED IN CLERK'S OFFICE
MAR 17 1°P,2
Irene Gammon
CITY CLERK. SOUTN BEND, IND.
Joseph E. Kernen
Director, Administration and
Finance
CITY of SOUTH BEND
ROGER O. PARENT, Mayor
COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601
South Bend Common Council
4th Floor County -City Building
South Bend, Indiana 46601
Dear Members of the Council:
Last August the Common
Improvement Fund budget
approved at $125,000.00
used to purchase street
At a recent meeting the
this account because it
by the State Board of T
219/284 -9742
March 16, 1982
Council passed the Cumulative Capital
with the "other materials" line item
This particular line item was to be
materials for repair and reconstruction.
Council reappropriated $75,666.00 to
had been reduced in the final review
ax Commissioners.
Since that time we have had discussions with representatives
of both the State Board of Tax Commissioners and the State Board
of Accounts. Money from the Cumulative Capital Improvement Fund
should not be used directly to pay for street materials, but may
be transferred to the General Fund and used for any purpose. Their
recommendation is that we transfer the $125,000.00 from CCIF to the
Board of Public Works within the General Fund, enabling us to pur-
chase the street materials that we originally intended to purchase.
In the past we have always made this appropriation directly from
CCIF, but I would ask the Council's favorable consideration on
this bill in order to bring us into compliance with the recommen-
dations from the Tax Commissioners and Board of Accounts.
Thank you very much.
Sincerely,
i
i
Joseph E. Kernan
City Controller
JEK:des
Attachment
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Your Committee OF THE WHOLE
to whom was referred
BILL NO.
35 -82 A BILL ON TRANSFERRING AND APPROPRIATING $125,000 FROM
CUMULATIVE CAPITAL IMPROVEMENT FUND TO THE BOARD OF PUBLIC
WORKS WITHIN THE GENERAL FUND OF THE CITY OF SOUTH BEND,
INDIANA.
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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