Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Cancellation of 2022 Appropriations and Other Funds
Purpose: To provide close out balances for fiscal year 2022.
Fund Name: Current Fund, Water Fund, Sewer Fund, Capital Improvement Authorization
Amount(s) Cancelled: See Attachment
Additional Information:
Cancellation of the unencumbered balances appropriated from the 2022 Current Fund; Water Utility Fund; Sewer Utility Fund; Capital Improvement Authorizations; Other Miscellaneous Receivables and Reserves; Public and Private Programs and Trust Funds.
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WHEREAS, N.J.S.A. 40A:4-60, as amended, provides for cancellations of part of the unencumbered balances appropriated from the 2022 Current Fund, Water Utility Fund, Sewer Utility Fund, Capital Improvement Authorizations, Other Miscellaneous Receivables and Reserves, Public and Private Programs, and Trust Funds; and
WHEREAS, there are no specific claims, commitments, or contracts incurred against the aforementioned unencumbered balances of which the details are attached hereto as Exhibit 1, subject to correction:
Current Fund
Water Utility Fund
Sewer Utility Fund
Capital Improvement Authorizations
Other Miscellaneous Receivables and Reserves
Public and Private Programs
Trust Funds; and
WHEREAS, unencumbered balances of the 2022 Current Fund, Water Utility Fund, Sewer Utility Fund, Capital Improvement Authorizations, Other Miscellaneous Receivables and Reserves, Public and Private Programs, and Trust Funds will be cancelled subject to change and recorded on the books and records of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The 2022 Current Fund, Water Utility Fund, Sewer Utility Fund, Capital Improvement Authorizations, Other Miscellaneous Receivables and Reserve...
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