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Council to consider new investment-interest fund and intra-year transfers
Gary City Common Council Finance Committee · November 11, 2025
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Summary
Administration proposed creating a special investment-interest fund to track investment income and requested a $75,000 transfer to support the clerk’s recodification work; the committee approved discussing fund setup and budget amendments before forwarding ordinances to council.
The administration asked the finance committee to authorize the creation of a new special investment-interest fund (fund 8501) to segregate and track investment income and to approve an initial appropriation to a grants-and-subsidies line.
A finance…
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