HomeMy WebLinkAboutAuthorizing the Temporary Transfer of Idle Funds of City of South Bend from Various Funds to Various Funds within the City of South BendRESOLUTION
NO. 1804 -90
Passed by the Common Council of the City of South Bend, Indiana.
September 24, 90
9
Attest;L /i�
Presented by me to the Mayor of the City of South Bend, Indiana
September 25, 90
19
Clerk
of Common Council.
Approved and signed by me_ September 25_ ____._ 19 90 .
Clerk
Mayor
RESOLUTION NO. 1804 -q0
A RESOLUTION OF THE SOUTH BEND COMMON
COUNCIL AUTHORIZING THE TEMPORARY TRANSFER
OF IDLE FUNDS OF THE CITY OF SOUTH BEND,
INDIANA FROM VARIOUS FUNDS TO VARIOUS FUNDS
WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA
Whereas, it is necessary to provide funds for the Cumulative
Capital Improvement Fund (hereafter "COIF") in calendar year 1990 to
fund the purchase of real estate to house centralized vehicle
maintenance facilities of the City of South Bend, Indiana (hereafter,
the "City "); and
Whereas, there are monies on deposit to the credit of the City's
General Fund, which can be advanced or transferred, temporarily, to
CCIF; and
Whereas, Indiana Code 36 -1 -8 -4 authorizes the Common Council of
the City of South Bend, Indiana, by Resolution adopted by such
council, to advance and transfer to a depleted fund from any other
such fund, such amount and for such period of time as may be
prescribed by the Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA, AS FOLLOWS:
Section I. That the Controller of the City of South Bend, Indiana
is authorized to transfer and aggregate an amount not to exceed
$580,000.00 from various funds to various funds as listed below. Any
such transfers shall be repaid by December 31, 1990.
From:
226 - Liability Insurance
Premium Reserve Fund
To:
407 - Cumulative Capital
Improvement Fund
Maximum
$580,000.00
Maximum
$580,000.00
Total $580,000.00
Section II. Such transfer shall be made for a period of time not
to extend beyond December 31, 1990, and such funds to be transferred
shall be 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 adoption by the Common Council and approval by the
Mayor. y
Member, Sou end Co on Council
PRESENTED ' —c? `% % U
NOT APPROVED
ADOPTED q- a y- 9U
c:msf - resccif
k Clerk's Office
SEP 19 No
BIIS' MB M IN