HomeMy WebLinkAboutAuthorizing a Temporary transfer of Idle Funds from various funds within South Bend to the Park Maintenance fund (#201)ORDINANCE No.
9319-02
Passed by the Common Council of the Ciry of South Bend, Indiana
April 8,
Attest:
Attest:
20 02
Presented by me to the Mayor of the Ciry of Soutli Bend, Indiana
A,^ril G 20 .Q2_
Ciry Clerk
President of Common Council
Ciry Clerk
Approved and signed by me April 9, 20 02
/~ ~~ Mayor
ORDINANCE NO. ~I 3 ~ °I `02-
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA AUTHORIZING THE TEMPORARY TRANSFER OF IDLE FUNDS FROM
VARIOUS FUNDS WITHIN THE CIVIL CITY OF SOUTH BEND TO THE PARK
MAINTENANCE FUND (#201)
STATEMENT OF PURPOSE AND INTENT
It is necessary to provide funds for the Park Maintenance Fund prior to the receipt of taxes
in the year 2002 in order to meet the current operating expenses of the City, provided for in the
budget adopted for the year 2002.
There are monies on deposit to the credit of various funds of the City, to wit: the Sewage
Works Capital Fund (#642), the Coveleski Capital Fund (#401), and the Recreation Nonreverting
Operating Fund (#203) which can be temporarily advanced or transferred to the Park Maintenance
Fund (#201).
Indiana Code 36-1-8-4 authorizes the Common Council of the City of South Bend, by
Ordinance or Resolution adopted by such Council, to advance and transfer to a depleted fund from
any other such fund, such amount and for such a period of time as may be prescribed in the
Ordinance, but not later than the end of the budget year during which the transfer occurs.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South
Bend, Indiana as follows:
Section I. The City Controller of the City of South Bend is authorized to transfer an
aggregate amount not to exceed $2,000,000 to various funds from various funds as listed below. The
aggregate amount of $2,000,000 to be distributed so as not to exceed at any one time the maximum
amounts as set forth below. Any such transfers made must be repaid by December 31, 2002.
From Maximum To Maximum
Sewage Works $1,500,000 Park Maintenance $1,500,000
Capital Fund (#642) Fund (#201)
Coveleski Stadium $250,000 Park Maintenance $250,000
Capital Fund (#401) Fund (#201)
Recreation $250,000 Park Maintenance $250,000
Nonreverting Fund (#203) Fund (#201)
Section II. Such transfer shall be made for a period of time not to extend beyond December
31, 2002, and such funds to be transferred shall be returned and repaid to the original funds from
which they were transferred.
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.
tuber, South Bend Co on Council
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COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
21-02 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA AUTHORIZING THE TEMPORARY TRANSFER OF IDLE
FUNDS FROM VARIOUS FUNDS WITHIN THE CIVIL CITY OF SOUTH
BEND TO THE PARK MAINTENANCE FUND (#201)
Respectfully report that they have examined the matter and that in their opinion, this bill
is being recommended to the full Council with a favorable recommendation.
Karl King
Chairman
Stephen J. Luecke, Mayor
Superintendent
Phillip L. St. Clair
299-4765
Administrative Director
Betsy Harriman
235-5596
Director of Concessions
Matthew Moyers
299-4765
Maintenance Superintendent
A. Michael Dyszkiewicz
235-9414
Forester
Brent Thompson
235-9414
Recreation Director
Susan O'Connor
299-4765
Zoo Director
Clarence Wright
235-5549
Fiscal Officer
Bill Carleton
299-4765
Director o~Golf
Chad Kilmer
271-9180
March 11, 2002
Mr. Roland Kelly, President
South Bend Common Council
4th Floor County-City Building
South Bend, IN 46601
Dear Mr. Kelly:
Attached is a proposed ordinance providing for the transfer of idle funds within
the Sewage Works Capital Fund (642) in a sum not to exceed $1.5 million, the
Coveleski Stadium Capital Fund (401)in a sum not to exceed $250,000, and the
Recreation Nonreverting Fund (203) in a sum not to exceed $250,000 to the Park
Maintenance Fund (201).
This ordinance is necessary due to the timing of Property Tax revenues to the
Parks Maintenance Fund. This ordinance further provides for repayment to the
Sewage Works Capital Fund by the end of 2001. Repayment is anticipated to be
made earlier. Additionally, the entire amount requested may not be needed.
Either I or Bill Carleton will be available at the presentation to the Common
Council to answer any questions.
We ask your favorable consideration on this request. Thank you for your
consideration on this ordinance.
Respectfully,
• K't1
Phillip St. Clair
Superintendent
Enclosure ~ ' - ' ~~
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321 East Walter Street • South Bend, Indiana 46614 • 219-299-4765 • TDD 235-5567
Parks Administration Fax 299-4783 • Recreation Fax 299-4784