HomeMy WebLinkAboutAuthorizing the Transfer of Idle Funds of City of South Bend from Various Funds to Various Funds RESOLUTION
NO. 1023-83
Passed by the Common Council of the City of South Bend, Indiana
January 10 , Ig 83
Attest: 42_,, /C /12_,--_____J City Clerk
Attest: t 1.-' L. / - President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
January 11 , IQ 83
4-c2.---e- /1-7- City Clerk
Approved and signed by me
9-07 /'�-j f/ Ig e3
✓ a/ia 1"l� Mayor r Ma
� y
RESOLUTION NO: 16;k3- g'3
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, a necessity exists to provide funds for
the Corporation General , Park Maintenance , Police Pension, Fire Pension,
Human Relations Fund prior to the receipts of taxes in the year 1983
in order to meet the current operating expenses of the City, provided
for in the budget and appropriation adopted for the year 1983 which
expenses must be met prior to the receipts of taxes and other revenues
in the year 1983 ; : and
WHEREAS, there are monies on deposit to the credit of
various funds of the City, to wit : Cumualtive Sewer Building and
Sinking, Sewage Works Sinking , Sewage Works Depreciation, Water Works
Depreciation, Cumulative Capital Improvement , Sewers Repair, and
Liability Insurance and 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 $4 ,605 ,000 . 00 to various funds from various other funds as
listed below. The aggregate amount of. $4 ,605 ,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 , 1983 .
FROM: MAXIMUM TO: MAXIMUM
Cumulative Sewer Building $1 ,900 ,000 Corporate General $3,500 ,000
0 Sinking Fund
Sewage Works Sinking Fund 850 ,000 Park Maintenance Fund 600 ,000
Sewage Works Depreciation Fund 360 ,000 Police Pension Fund 160 ,000
Water Works Depreciation Fund 250 ,000 Fire Pension 250 ,000
Cumulative Capital Improvement Human Relations $ Fair
Fund 300 ,000 Practice Comm. Fund 5 ,000
Sewer Repair Fund 125 ,000 Century Center Operations
Fund 90 ,000
Liability Insurance $ Premium $4 ,605 ,000
Reserve 820 ,000
$4 ,605 ,000
FILED III CLE4 'S OFFICE
PRESENTED / -/o - 1.3 WA f.< F1983
NOT APPROVED Irene Gammon
ADOPTED /-/0 -ei3 CITY CON,SOUTH BEND,IND.
-2-
SECTION II . Such transfer shall be made for a period of
time not to extend beyond December 31, 1983 , 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 fullforce and
effect from and after its adoption by the Common Council and its
approval by the Mayor.
1 4
Member of Common Council