HomeMy WebLinkAboutCC-12-06-10-05 TOF From the 2009 Gen. Fund to the Rainy Day Fund ($800,000)RESOLUTION CC- 12- 06 -10 -05
Sponsor(s): Councilor(s) Snyder
A :RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA, ALLOWING THE TRANSFER OF UNUSED AND UNEMCUMBERED
FUNDS FROM THE 2009 GENERAL FUND TO THE RAINY DAY FUND
WHEREAS, Indiana Code 36- 1- 8 -5(b) allows for the transfer of unused and
unencumbered funds; and
WHEREAS, the Common Council adopted a Rainy Day Fund (Ordinance D- 1535 -01)
designated as a reserve fund for unforeseen financial emergencies; and
WHEREAS, the Common Council established a goal of ten percent (10 of the
approved general fund budget as a prudent reserve for the financial health of the City.
WHEREAS, the Council believes it is prudent to reimburse, in part, money disbursed
from the Rainy Day Fund in May 2010
NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of
Carmel, Indiana that:
Section 1. The Council directs the fiscal officer to transfer $800,000 from the 2009
General Fund to the Rainy Day Fund #912).
Section 2. This Resolution shall be in full force and effect from the date of passage and
signing by the Mayor.
ADOPTED by the Common Council of the City of Carmel, Indiana this ue day of
2010, by a vote of 7 ayes and nays.
esiding Offie
COMMON COUNCIL FOR THE CITY OF CARMEL
Richard L. Sharp, President Pro Tempore
n V. Accetturo
Ronald E. Carter
ATTEST:
Diana L. Cordray, IAMC, Cle easurer
Presented by me to the Mayor of the City of Carmel, Indiana this 7 day of
2010, at l k 4 l Am.
Approved by me, Mayor of the City of Carmel, Indiana, this 7' day of
2010, at 1.3$ -P.M.
ATTEST:
Diana L. Cordray, IAIVIC, Clerk -Tr: carer
Prepared by: Diana L. Cordray
Clerk Treasurer
City of Carmel
Kevin Rider
/Xt.--
W. Eric Seid stic -r
uc nyde'
Diana L. Cordray, IAMC, Cler asurer
ames Brainard, Mayor