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REGULAR MEETING December 10, 2018
<br /> Councilmember Karen White, chair of the Personnel and Finance Committee, reported that they
<br /> met this afternoon and send this bill forward with a favorable recommendation. She stated, I would
<br /> like to ask the Deputy Controller to clarify the $22 million from Eddy Street Commons.
<br /> Benjamin Dougherty, Deputy City Controller for the City of South Bend with offices located on
<br /> the 12th floor of the County-City Building, South Bend, IN, served as the presenter for this bill.
<br /> Mr. Dougherty stated, Most definitely, thank you. Bill No. 63-18 is distinct from the budget
<br /> transfers that were dealt with in the prior bill. These represent new and additional appropriations
<br /> out of the Civil City Funds. So to speak,this is new money that is being requested as additional on
<br /> top of what the amended 2018 budget contains. The most notable, as Councilmember White
<br /> pointed out,in terms of its sheer size and the fact that it is a negative number is the near$23 million
<br /> out of Fund #759 that is related to Eddy Street Commons Capital. In a nut shell, that reduction of
<br /> the budget is meant to adjust for the fact that at the end of 2017 rolling over into 2018,there existed
<br /> an encumbrance of those funds comprised with the expectation of this project and spending down
<br /> the bond proceeds that were collected through the issuance of new debt for Phase Two (II) of that
<br /> project during 2017. When that encumbrance rolled over into 2018 and on top of that the 2018
<br /> budget appropriation was adopted, we ended up with, on paper, effectively a double budget for
<br /> that fund. The action before you now contains a reduction of about $23 million to back out that
<br /> carries over into 2018 and to clarify that budget is in fact the proper amount for the expenditure of
<br /> the bond proceeds. In effect, it is a very large number that doesn't relate to anything on the ground
<br /> with respect to the project, per se, but instead an accounting adjustment so that our record is clear
<br /> that our carry over from 2017 to 2018 is now being addressed through this reduction. I would be
<br /> happy to answer any questions but that is more or less a housekeeping item for us.
<br /> This being the time heretofore set for the Public Hearing on the above bill, proponents and
<br /> opponents were given an opportunity to be heard. There were none.
<br /> Councilmember Tim Scott made a motion to send Bill No. 63-18 to the full Council with a
<br /> favorable recommendation. Councilmember John Voorde seconded this motion which carried by
<br /> a voice vote of nine(9) ayes.
<br /> 64-18 PUBLIC HEARING ON AN ORDINANCE OF
<br /> THE COMMON COUNCIL OF THE CITY OF
<br /> SOUTH BEND, INDIANA, APPROPRIATING
<br /> ADDITIONAL FUNDS FOR CERTAIN
<br /> DEPARTMENTAL AND ENTERPRISE
<br /> OPERATIONS IN 2018 OF $157,435 FROM
<br /> CONSOLIDATED BUILDING FUND (#600),
<br /> $190,000 FROM SOLID WASTE OPERATIONS
<br /> (#610), $12,000 FROM WATER WORKS
<br /> CUSTOMER DEPOSIT (#624), $8,000 FROM
<br /> WATER WORKS DEBT SERVICE (#625),
<br /> $10,000 FROM WATER WORKS BOND
<br /> RESERVE (#626), $25,000 FROM WATER
<br /> WORKS O&M RESERVE (#629), $6,600 FROM
<br /> SEWAGE WORKS OPERATING(#641), AND
<br /> $55,000 FROM SEWAGE WORKS O&M
<br /> RESERVE (#643).
<br /> Councilmember Karen White, chair of the Personnel and Finance Committee, reported that they
<br /> met this afternoon and send this bill forward with a favorable recommendation.
<br /> Benjamin Dougherty, Deputy City Controller for the City of South Bend with offices located on
<br /> the 12th floor of the County-City Building, South Bend, IN, served as the presenter for this bill.
<br /> Mr. Dougherty stated, Thank you, again. Bill No. 64-18 relates to additional appropriations but
<br /> now, this time, on the Enterprise Fund side of the house. A smaller number here as it is confined
<br /> to just these particular enterprise funds and their regular operations. There was some discussion
<br /> earlier in the Committee meetings concerning maintenance for solid waste trucks. That was a good
<br /> trigger for additional changes and improvements there. Other than that, I would consider these to
<br /> be largely within the ordinary course of business. I'm happy to answer any questions about these.
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