Ordinance No. 2017-03 To Transfer From Fund2/8/2017
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TOWN OF WOLCOTT, WHITE COUNTY, INDIANA

ORDINANCE NO. 2017-03

AN ORDINANCE TO TRANSFER  PRESCRIBED AMOUNT TO FUND IN NEED OF MONEY FOR CASH FLOW PURPOSES

 

            WHEREAS, Indiana Code Section 36-1-8-4 Permits the transfer of a prescribed amount, for a prescribed period, to a fund in need of money for cash flow purposes from another fund of the political subdivision if the Council finds it necessary to borrow money to enhance a fund that is in need of money for cash flow purposes.

                     
            WHEREAS, the Town of Wolcott desires to transfer funds from the Town's "Cumulative Capital Development Fund" to the department of Park and Recreation Fund to ensure adequate funding for maintenance and repair of the Town's Park and Recreational areas.
       
            WHEREAS, the Town desires to transfer said funds as follows:

 

  1. Twelve thousand dollars ($12,000.00) from CCD/Other Capital Outlays, Account #402001441.000 to Park and Recreation/Repairs and Maintenance, Account #204001361.000 for repairs and maintenance improvements.
  2. Three thousand dollars ($3,000.00) from the CCD/Sidewalks and Curbs, Account #402001441.011 to Park and Recreation/Other Capital Outlays, Account #204001441.012 for playground equipment.
  3. Three thousand dollars ($3,000.00) from CCD Other Capital Outlays, Account #402001441.000 to Park and Recreation/Professional Services, Account #204001315.000 for professional services.

         WHEREAS, in conformance with I.C. 36-1-8-4 (3), the Town shall transfer all funds under this ordinance back to their original account prior to December 31, 2017 unless the town shall obtain an emergency six (6) month extension as permitted under I.C. 36-1-8-4.

           
         
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF WOLCOTT, INDIANA:
 

         Section 1.      The above recitations are adopted by the Town Council; and

         It is further ordered and determined that the town of Wolcott hereby adopts and approves 
         the transfer of funds as outlined in this ordinance.

 

            Section 2.      This ordinance shall be in full force and effect on February     7    , 2017.

 

            Passed and adopted by the Town Council of the Town of Wolcott, Indiana on the    7  day of February, 2017.

 

 

COUNCIL OF TOWN OF WOLCOTT

 

 

                      Aye                                                                               Nay

                                                                                                                                                           

Michael A. Yelton Council President                    Michael A Yelton, Council President

 

 

                                                                                                                                                           

Fred A. Young, Council Vice President                 Fred A. Young, Council Vice President

 

 

                                                                                                                                                           

Tina M. Orns, Council Member                             Tina M. Orns, Council Member

 

 

                                                                                                                                                           

Michael J. Johnson, Council Member                   Michael J. Johnson, Council Member

 

 

                                                                                                                                                           

Council Member                                                       Council Member

 

ATTEST:

 

 

 

                                                                       

Tammy L. Seward, Clerk-Treasurer

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