HomeMy WebLinkAboutAuthorizing the Temporary Transfer of Idle Funds for Sewage Works Capital Fund # 642 to Parks Maintenance Fund #201Attest:
RESOLUTION
2978 -01
Passed by the Common Council of the City of South Bend, Indiana
March 26,
01
20_
Presented by me to the Mayor of the City of South Bend, Indiana
March 27, 20 01
City Clerk
President of Common Council
Approved and signed by me March 29 20 01
City Clerk
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RESOLUTION NO. Z � 1 D —0'
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF IDLE FUNDS
FROM THE SEWAGE WORKS CAPITAL FUND ( #642) TO THE PARKS
MAINTENANCE FUND ( #201), WITHIN THE CIVIL CITY OF SOUTH BEND,
INDIANA
WHEREAS, it is necessary to provide funds for the Park Maintenance Fund ( #201) prior to
the receipt of taxes in the year 2001 in order to meet the current operating expenses of the City Parks
Department provided for in the budget adopted for the year 2001.
WHEREAS, monies are on deposit to the credit of the City, specifically, the Sewage Works
Fund ( #642), which can be temporarily transferred to the Park Maintenance Fund.
WHEREAS, Indiana Code § 36 -1 -8 -4 authorizes the Common Council of the Civil City of
South Bend by 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
Resolution.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South
Bend as follows:
Section I. The City Controller of the City of South Bend is authorized to transfer an
aggregate sum not to exceed $1,500,000 as follows:
From: Maximum To Maximum
Sewage Works $1,500,000 Park Maintenance $1,500,000
Capital Fund ( #642) Fund ( #201)
Section II. Such transfer shall be made for a period of time not to extend beyond December
31, 2001, and those funds which are transferred shall be returned and repaid to the original fund from
which they were transferred.
Section III. This Resolution shall be in full force and effect from and after its passage by the
Common Council and approval by the Mayor.
PRESENTED 3 -2--�O-0
NOT APPROVED
ADOPTED 1-L\0-0\
Member, Common Council
Filed in Clerk's Cfalce
MAR 2 'i
LORETTAJ. DUM
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