HomeMy WebLinkAboutTemporary Transfer of Idle Funds to Sewage WorksRESOLUTION
NO. 2474 -97
Passed by the Common Council of the City of South Bend. Indiana
June 23, 19 97
Clerk
Attest:_ / , President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
June 24, 19 97
Approved and signed by me June 24, 19 97
City Clerk
Mayor
RESOLUTION NO. � %
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
OF IDLE FUNDS OF THE CITY OF SOUTH BEND, INDIANA,
FROM VARIOUS FUNDS TO THE VARIOUS FUNDS WITHIN
THE CIVIL CITY OF SOUTH BEND, INDIANA
STATEMENT OF PURPOSE AND INTENT:
It is necessary to provide funds for the Sewage Works Insurance
Fund and the Sewer Repair Fund in order to meet the current
operating expenses of each respective insurance program.
There are monies on deposit to the credit of the Sewage Works
Operation and Maintenance Fund, which can be temporarily advanced
or transferred to the aforementioned funds.
Indiana Code 36 -1 -8 -4 authorizes the Common Council of the 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 ORDAINED by the Common Council of the
City of South Bend, Indiana as follows:
Section I. The City Controller of the City of
authorized to transfer an aggregate amount not to
to various funds from the Sewage Works Operation
Fund. Any such transfers made must be repaid by
1997.
FROM:
Sewage Works
Operation and
Maintenance Fund
TOTAL
$280,000.00
$280,000.00
TO:
Sewage Works
Insurance Fund
South Bend is
exceed $280,000
and Maintenance
December 31,
MAXIMUM
$200,000.00"-
Sewer Repair Fund $ 80,000.00
$280,000.00
Section II. Such transfer shall be made for a period of time
not to extend beyond December 31, 1997, and any funds so
transferred shall be returned and repaid to the Sewage Works
Operation and Maintenance Fund.
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.
Member of the Common Counc'1
'7 Filed in Cte,���� Office
P &ESENTED � %�-�' / JUN 1 � tgg7
NOT APPROVED
ADAP 2 9 LORERA J. DUDA
aw CRY CLERK, 80. BEND, IN,
COUNTY -CITY BUILDING
SOUTH BEND, INDIANA 46601 -1830
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
DEPARTMENT OF PUBLIC WORKS
June 17, 1997
Mr. Roland Kelly, President
South Bend Common Council
4th Floor, County -City Building
South Bend, IN 46601
PHONE 219 /235 -9251
FAx 219/235 -9171
TDD 219/235 -5567
Re: A Resolution Authorizing the Temporary
Transfer of Idle Funds of the City of South
Bend, Indiana, From Various Funds to the
Various Funds Within the Civil City of South
Bend, Indiana
Dear President Kelly:
I am attaching for filing a resolution authorizing the
temporary transfer of idle funds of the City.
The funds from the Sewage Works Operation and Maintenance Fund
are to be transferred to the Sewage Works Insurance Fund and Sewer
Repair Fund. Any funds so transferred will be returned and repaid
to the Sewage Works Operation and Maintenance Fund by December 31,
1997.
Your favorable consideration is requested.
Sincerely,
John (j Dillon
Director, Environmental Services
JJK /jl
Attachment
ENGINEERING ENv[RONMENTAL SERVICES EQUIPMENT SERVICES
CARL LITTRELL, P.E. JOHN]. DILLON, PH.D. MATT CHLEBOWSKI
219/235 -9251 219/277 -8515 219/235 -9316
FAx 219/235.9171 FAx 219/277 -8980 Fax 219/235 -9007
Filed in Clerk's office
JUN 19 197
LORETTA J. DUDA
CRY CLERK, BO. BEND, IN,
SAM HENSLEY
2191235 -9444
Fax 219/235 -9272
WATER WORKS
JOHN F. STANLAn
219/235 -9322
FAx 219/235 -9728