HomeMy WebLinkAboutAuthorizing the Temporary Transfer of Idle Funds from Various Accounts to Various Accounts within the Civil City of South Bend RESOLUTION
NO. 944-82
Passed by the Common Council of the City of South Bend, Indiana
February 8, �9 82
Attest: 4R t-F— 1' -a-� City Clerk
Attest: 4,----.41
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 9, 19 82
4s.,,, /• ''- e' City Clerk
Approved and signed by me ' /� i9 TA7
l ,�/ Mayor
RESOLUTION NO. Q q c/ - '1Q
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
OF IDLE FUNDS OF THE CITY OF SOUTH BEND, INDIANA,
FROM THE CUMULATIVE SEWER BUILDING AND SINKING
FUND, SEWAGE WORKS DEPRECIATION FUND, WATER WORKS
DEPRECIATION FUND, SEWAGE WORKS SINKING FUND,
CUMULATIVE CAPITAL IMPROVEMENT FUND, SEWERS RE-
PAIR FUND AND LIABILITY INSURANCE AND RESERVE
FUND TO THE CORPORATION GENERAL, PARK MAINTENANCE,
POLICE PENSION, FIRE PENSION AND HUMAN RELATIONS
AND FAIR EMPLOYMENT PRACTICES COMMISSION FUNDS
AND CENTURY CENTER OPERATIONS FUND, ALL FUNDS
BEING WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA.
WHEREAS , a necessity exists to provide funds for the Cor-
poration General , Park Maintenance , Police Pension, Fire Pension ,
Human Relations Fund prior to the receipts of taxes in the year 1982
in order to meet the current operating expenses of the City, provided
for in the budget and appropriation adopted for the year 1982 which
expenses must be met prior to the receipts of taxes and other revenues
in the year 1982 ; 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, 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 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 be-
low. 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 , 1982.
FROM: MAXIMUM TO: MAXIMUM
Cumulative Sewer
Building & Sinking Fund $1 , 900 , 000 Corporate General :$3 ,500 , 000
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 Fund 250, 000
Cumulative Capital
Improvement Fund 300 :000 Human Relations & Fair
Practice Comm. Fund 5 ,000
Sewer Repair Fund 125 , 000 Century Center
Operations Fund 90,000
Liability Ins . Prem.
& Reserve Fund 820, 000 $4, 605 , 000
$4, 605 , 000
-2.-
SECTION II . Such transfer shall be made for a period of
time not to extend beyond December 31 , 1982 , and such funds so trans-
ferred 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.
(/(Its
ember of the Common Council
FILED IN CLERK'S OFFICE
o� c�
FEB 3 1982
d
PRESENTED '% - � °)
NOT APPROVED Irene Gammon
CITY CLERK,SOUTH BEND,IND.
ADOPTED al- g.,e a