Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Funds
Purpose: Transferring funds within Water Supply to provide sufficient funding until year end
Amount Transferred: $281,375.00
Transferred From: Water Supply
Transferred To: Water Supply
Additional Information:
Two-Thirds vote of full membership required.
body
ET-#1W
BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY:
1. That additional funds are required as shown in the schedule below.
2. That the Municipal Council by a two-thirds vote of its full membership, pursuant to N.J.S.A. 40A:4-58, does hereby authorize the transfer of excess appropriations to those appropriations deemed insufficient as set forth below:
FROM: WATER UTILITY
Water Supply
Salaries and Wages $50,000.00
Miscellaneous
Real Estate Taxes 231,375.00
(Sheet 32a)
Total External Transfer of Funds $281,375.00
TO: WATER UTILITY
Water Supply
Other Pay $ 50,000.00
Services by Contract or Agreement 118,375.00
Materials and Supplies 113,000.00
(Sheet 32a)
Total External Transfer of Funds $281,375.00
STATEMENT
Transferring funds within Water Supply to provide sufficient funding until year end. (City-wide).