HomeMy WebLinkAboutAdditional Appropriation of $5,500.00 Department of Public ParksORDINANCE NO. 5035-68
Passed by the Common Council of the City of South Bend,
Presented by me to the Mayor of the City of South Bend,
September 24,
Approved and signed by
Ci
Clerk
of Common Council
IDEAL 048W PRESS
ORDINANCE NO. 5035 -68
AN ORDINANCE FOR AN ADDITIONAL APPROPRI-
ATION TO ACCOUNT 51, "INSURANCE & PREMIUMS"
IN THE AMOUNT OF $5,500.00 AND THE TRANSFER
OF SAID SUM FROM ACCOUNT 221, "ELECTRIC
CURRENT ", IN THE DEPARTMENT OF PUBLIC PARKS,
ALL BEING WITHIN THE GENERAL PARK FUND.
WHEREAS, certain extraordinary conditions have developed since the
adoption of the existing annual budget so that it is now necessary to appropri-
ate more money than was appropriated in the annual budget for the various
functions of city government to meet such extraordinary condtions; and,
WHEREAS, estimated cost of insurance premiums quoted to prepare the
1968 budget are not sufficient to cover outstanding premiums; and
WHEREAS, a surplus does exist in Account 221, Electric Current because
of the time table required by the Indiana and Michigan Electric Company for
the installation of lights throughout the park system.
BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA:
SECTION I. That the sum of $5,500.00 be transferred from Account
221, Electric Current and transferred and appropriated
to Account 51, Insurance & Premiums, both accounts
being within the General Park Fund.
SECTION II. This ordinance shall be in full force and effect from and
after its passage by the Common Council, its approval by
the Mayor, legal publication and the fulfillment of all
statutory requirements of emergency appropriations.
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9 -23 -68
FILED IN CLERK'S OFFICE
AUG- 2-1 1968
KATHRYN L. BLCUGH
CITY CLERK, SOUTH BEND, fND.
August 21, 1968
Members Common Council
City Hall
South Bend, Indiana
Gentlemen:
The Board of Park Commissioners has passed a resolution transferring
$5,500.00 from account #211, Electric Current, to account #51, Insurance
and Premiums.
The amount quoted by the Bath Insurance Co. to prepare the 1968 budget
is not sufficient to cover outstanding premiums for the balance of the year.
The Bath Insurance has estimated that approximately $5,500.00 will be re-
quired for the remainder of 1968. As of this date we have $11.30 balance
in account #51, Insurance and Premiums.
The reasons for the increase of insurance is due to the added cost
of Workmens Compensation and General Liability coverage.
We are transferring from account #221, Electric Current. There will
be a surplus of funds in account #221, Electric Current because of the time
required by the Indiana and Michigan Electric Co. to install new lights
throughout the Park system. There is a balance in account 4221, Electric
Current as of August 7, 1968, of $25,360.27. We feel that with the $5,500.00
reduction we still can meet our electric current payments for the balance
of 1968.
Very truly yours,
James Seitz
Executive Secretary
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