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HomeMy WebLinkAboutAppropriating $50,000 from Firefighters Pension FundORDINANCE No. 7134 -82 Passed by the Common Council of the City of South Bend, November 22, �9 82 l✓a-,-� K. GAMMON Presented by me to the Mayor of the City of South Bend, November 23, 1982 Clerk of Common Council IRENE K. GAMMON Approved and signed by me V D���r ( ;?j �9 �c� Clerk ORDINANCE NO. *113 4- $ of AN ORDINANCE APPROPRIATING $50,000 FROM THE FIREFIGHTERS PENSION FUND. STATEMENT OF PURPOSE AND INTENT: Since the City of South Bend has received additional funds from the State of Indiana for the Firefighter Pension Fund, it is now necessary to appropriate these additional funds so that they may be expended in 1982 for the purpose of making pension payments to retirees. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana: SECTION I. That the sum of $50,000 is hereby appropriated for t ez 1982 from the Firefighter's Pension Fund. This appropriation is to be administered by the Firefighter's Pension Secretary and will be distributed.as set forth below. ACCOUNT DESCRIPTION AMOUNT 150.1 Pension Retired $50,000.00 Personnel Total $50,000.00 SECTION II. That this Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. PUELIC PleARING / /- A .7 2nd READING NOT APPROVED REFERRED PASSED FILED IM CLERKS DFFCE NOV 31982 Irene Gammon CITY CLERK, SDU1N BEND, IND. CITY of SOUTH BEND ROGER O. PARENT, Mayor COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 Joseph E. Kernan 219/284 -9742 Director, Administration and Finance November 3 1982 MEMBERS OF THE COMMON COUNCIL CITY OF SOUTH BEND Council Chambers County -City Building, 4th Floor South Bend, Indiana 46601 Dear Members of the Council: This bill would appropriate $50,000.00 to the Fire Pension Fund that is available because of additional distribution from the State for pension relief. This appropriation means that we will save a corresponding amount in Revenue Sharing funds that were originally appropriated for this pur- pose. If you have any questions, please contact Sherrie Petz or me. Thank you very much. Sincerely, Joseph E. Kernan Controller JEK /smp Enc. (bnmmmisr Irpart 'To the (dnummn Tomtrit of thr (9ttg of #out# #rnd: Your Committee OF THE WHOLE to whom was referred BILL NO. 130 -82 A BILL APPROPRIATING $50,000.00 FROM THE FIREFIGHTERS PENSION FUND. Respectfully report that they have examined the matter and that in their opinion THIS BILL SHOULD BE TO THE COUNCIL FAVORABLE. JOHN VOORDE Chairman FPLL FL ELL a ... LI L.......