HomeMy WebLinkAboutTransferring the Sum $32,800 various Accounts in the Department of Administration & FinanceORDINANCE NO. 5913 -75
Passed by the Common Council of the City of South Bend, Indiana
NOVEMBER 10
Presented by me to the Mayor of the City of South Bend,
NOVEMBER 12
975
ti
IRENE K. GAMMON
Clerk
Of Common Council
75
IRENE K. GAMMON
Clerk
ORDINANCE NO. 5Q I 3- '2 57-
AN ORDINANCE TRANSFERRING THE SUM OF $32,800.00 BETWEEN
VARIOUS ACCOUNTS IN THE DEPARTMENT OF ADMINISTRATION AND
FINANCE, ALL ACCOUNTS BEING WITHIN THE GENERAL FUND, CITY
OF SOUTH BEND, INDIANA
WHEREAS, certain extraordinary conditions have developed since
the adoption of the existing budget for the Department of Administration
and Finance, in the General Fund, so that it is now necessary to appro-
priate more money than was appropriated in the original budget for the
various functions of City Government to meet such extraordinary condi-
tions; and
WHEREAS, additional funds are needed for various accounts with-
in the Department of Administration and Finance, in the General Fund
budget, to assure that departments ability to properly perform its func-
tions; and
WHEREAS, a surplus exists in various accounts of the Depart-
ment of Administration and Finance, in the General 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 $32,800.00 be transferred between
various accounts as set forth below:
Reduce the following accounts:
Account No. Description Amount
260.0
Other Contractuals
$2,000.00
363.0
Office Supplies
$2,000.00
520.0
Rents
$7,000.00
630.0
PERF
$21,800.00
Total Reductions $32,800.00
Increase the following accounts:
Account No. Description Amount
212.0 Postage $1,200.00
510.0 Insurance $31,600.00
Total 1nd+re&teas $32,800.00
SECTION II. This ordinance shall be in full force and effect
from and teassage by the Common Council and its approval by the
Mayor.
1st READING // - /S - 7 S
PUBLIC HEARING // -/O -9 S
2nd READING /, _ / O -') S
NOT APPROVED
REFERRED
PASSED //_ to .'75-
CLERK'S OFFICE
NOV 5 1975
Irene Gammon
zaamm"MR&
Department of Administration and Finance
South Bend, Indiana
TO: Members of the Common Council
FBOW James V. Barcome, Controller
Director, Administration & Finance
SUBJECT:
Date November 5, 1975
Due to several un- anticipated expenses and increases in
the 1975 Annual Budget (which, of course, was prepared
in July, 1974), we must request several transfers in the
Controller's Budget.
Specifically, these transfers are to the City postage
account 212.0 in the amount of $1,200.00 and to the
City's insurance account 510.0 in the amount of $31,600.00.
The original postage account was budgeted at $10,500.00,
which, due to rate increases and increased mailing demands,
requires an 11% increase of $1,200.00.
The insurance account of $118,000.00 requires a $31,600.00
increase to $149,600.00 for the following reasons:
1. The General Fund must absorb the cost of liability
and property insurance incurred by the operation
of the River Bend Plaza - - -an expense not previously
carried by the City.
2. As you are well aware, there has been a dramatic
increase in auto liability insurance, due to
increased premiums by the insurance companies. The
City, as any private citizen, must also pay these
increased premiums.
3. The bank holding the lease - purchase agreements on
the three fire trucks purchased in 1972 now requires
the City to furnish collision insurance for these
vehicles - -an additional cost - -which was not antici-
pated during annual budget preparations in 1974 for
1975.
4. As you know, the City has instituted a paramedic
program this year. This very valuable life- saving
service is specifically exempted from the general
-1-
Department of Administration and Finance
South Bend, Indiana
or glom, . ENs'
TO: Members of the Common Council
FROW James V. Barcome, Controller
Director - Administration & Finance
SUBJECT:
4. continued - - - --
liability coverage now held by the City.
Therefore, a special policy covering the
paramedics has been obtained, thus protecting
the City's liability, while providing complete
coverage for any claims arising against the
performance of the paramedics.
5. Finally, an audit conducted in late 1974,
after the passage of the 1975 Budget and
the triennial review of the City's rates
conducted at this same time by the carriers,
have boosted our required premiums by
$19,000.00.
Fortunately, sufficient funds have been saved in
the current budget, so that it is only necessary to
request a transfer -- rather than an additional
appropriation - -to cover these un- anticipated expenses.
I respectfully request the Council's favorable action
on this Ordinance. If you should have any questions,
please do not hesitate to contact my office Z
JVB:md
Attachment
V . L V VAIIG , 1V.. 1. V11
Director - Administration & Finance
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