HomeMy WebLinkAboutTransferring $150,000.00 Between Various Accounts in the Cumulative Capital Improvement FundORDINANCE N0.6125 -77
Passed by the Common Council of the City of South Bend,
March 14 19 77
IRENE K. GAMMON
Presented by me to the Mayor of the City of South Bend,
March 15 ,,, 77
Clerk
Of Common Council
IRENE K. GAMMON
Approved and signed by me 9" =- c..L / Si 1922
Clerk
ORDINANCE NO. 6125 -77
AN ORDINANCE TRANSFERRING THE SUM OF $150,000.00
BETWEEN VARIOUS ACCOUNTS IN THE CUMULATIVE CAPITAL
IMPROVEMENT FUND OF THE CITY OF SOUTH BEND, INDIANA.
WHEREAS, certain extraordinary conditions have developed since
the adoption of the existing budget for the Cumulative Capital Im-
provement Fund, so that it is now necessary to appropriate more money
than was appropriated in the original budget for the various functions
of City Government to meet such extraordinary conditions; and
WHEREAS, additional funds are needed for certain accounts within
the Cumulative Capital Improvement Fund to assure that Department's
ability to properly perform its function; and
WHEREAS, funds exist in various accounts of the Cumulative Capital
Improvement Fund, which are not presently needed;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL of the City
of South Bend, Indiana:
SECTION I. That the sum of $150,000.00 be transferred between
various accounts as set forth below:
REDUCE THE FOLLOWING ACCOUNT:
Account Description
260.0 Other Contractuals
Total
INCREASE THE FOLLOWING ACCOUNT:
Account Description
810.0 Bonds and NOtes
Total
Amount
$150,000.00
$150,000.00
Amount
$150,000.00
$150,000.00
SECTION II. This Ordinance shall be in full force and effect from
and after its passage by the Common Council and its Koval by the Mayor.
Passed, as amended, March 14, 1977
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Peter H. Mullen
Director, Administration and
Finance
CITY of SOUTH
PETER J. NEMETH,
BEND
Mayor
COUNTY-CITY BUILDING SOUTH BEND, INDIANA 46601
Members of the Common Council
Council Chambers, 4th Floor
COunty-City Building
South Bend, Indiana
Dear Council Members:
February 9, 1977
L��Jox_u T/o*
q 491VII
'J'J�LI-A
//VDIAIAN
219/284-9742
There will be an ordinance presented for first reading on
February 14, 1977, transferring the sum of $200,000 from
Account 260.0, Contractual Services, to Account 810.0,
Bonds and Notes, both accounts being within the CCIF Fund.
This is basically the same transaction which you approved
last February; its purpose being the catching up of the
back payments in the Term Bond Fund.
The balance in the bond fund, 1-1-77, should have been
$525,000, the actual cash balance was $208,000, leaving
a deficit of $307,000. At the same time (1-1-76) the
deficit was $425,000.
I have included a summary of revenues for 1976 for your
review, and would be glad
(ammlfirr 1tv art
i1a tot Tommu Toumil of t4f Tug of .0111# VArnd:
Your Committee of the Whole
to whom was referred
A BILL TRANSFERRING THE SUM OF $200,000.00
BETWEEN VARIOUS ACCOUNTS IN THE CUMULATIVE
CAPITAL IMPROVEMENT FUND OF THE CITY OF
SOUTH BEND, INDIANA.
Respectfully report that they have examined the matter and that in their opinion
This bill be recommended to the Council favorable,
as amended:
Reduce the amount of the transfer to $150,000.00
wherever it appears in the ordinance.
Frank Horvath
Chairman
!11[[ 111G! !U[LIf MIND CO.