HomeMy WebLinkAboutAuthorizing the Temporary Transfer of Idle Funds from Various Funds to Various Funds RESOLUTION
No. 1113-84
Passed by the Common Council of the City of South Bend, Indiana,
January 23 , 19 84 .
Attest: °tl-R 71-2-34-c- */ City Clerk
Attest:�� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
January 24, 19 84 .
4-a-“-- ""---1 City Clerk
Approved and signed by me 'I ; c 19 &y .
/
"14 ? Mayor
RESOLUTION NO. 110-R1
A RESOLUTION 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
Corporation General , Park Maintenance, Police Pension, Fire Pension,
and Century Center Board of Managers Operating funds prior to the
receipt of taxes in the year 1984 in order to meet the current
operating expenses of the City, provided for in the budget adopted
for the year 1984; and
WHEREAS , there are monies on deposit to the credit of
various funds of the City, to wit : Cumulative Sewer Building and
Sinking, Sewage Works Sinking, Sewage Works Depreciation, Sewage
Works Operating , Sewage Works Depreciation, Cumulative Capital
Improvement, Sewers Repair, and Liablility Insurance and Premium
Reserve Funds which can be temporarily advanced or transferred to
the various funds already mentioned; and
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, INDIANA:
SECTION I . That the City Controller of the City of
South Bend is authorized to transfer an aggregate amount not to
exceed $5 , 085 ,000. 00 to various funds from various funds as listed
below. The aggregate amount of $5 ,085 ,000 . 00 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 , 1984 .
FROM: MAXIMUM TO : MAXIMUM
Cumulative Sewer Building Corporation General $4, 000, 000
& Sinking Fund $1 , 000, 000
Sewage Works Sinking Fund 850 , 000 Park Maintenance Fund 685 , 000
Sewage Works Depreciation Fund 360 ,000 Police Pension Fund 100,000
Sewage Works Operating Fund 1 , 200 ,000
Water Works Depreciation Fund 250 ,000 Fire Pension 200, 000
Cumulative Capital Improvement 100 ,000
Fund
Sewer Repair Fund 125 ,000 Century Center Board of
Managers Operating Fund 100, 000
Liability Insurance Premium 1 , 200,000
& Reserve
$5 , 085 ,000 $5 , 085 , 000
-2-
SECTION II. Such transfer shall be made for a period of
time not to extend beyond December 31, 1984 , and such funds so
transferred shall be returned and repaid to the original funds 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 its
approval by the Mayor.
44 4e4 / . c-Lici J
Member of the Co" • ouncil
FILED IN CLERICS OFFICE U JAN 181984
PRESENTED I- a3-8 I
NOT APPROVED Irene Gammon
ADOPTED I - A 3- a 1, aw CITY CLERK,SOUTH BEND,IND.