Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Transfer of CDBG Funds Thirty-Eighth Year
Purpose: To make correction to categories and amendments to funding amounts
Funding Source: United States Department of Housing and Urban Development/HUD
Amount Transferred: $1,075,046.00
Transferred From: Various Programs
Transferred To: Various Programs
Additional Information:
Two-Thirds vote of full membership required.
No Action Taken 7R1-i 051513
Failed 7R1-i 052213
body
TR #1
BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY:
- That the transfer of funds are required as shown in the schedule below.
- That said transfers are hereby authorized as required by Ordinance 6S&Fd adopted on April 16, 1980, providing that all transfers of Community Development Block Grant (CDBG) funds be authorized by this body.
PROJECT FROM TO
Housing and Community Development
Act Thirty-Eighth Year (XXXVIII)
Rental Housing Development/Rehabilitation
Salaries and Wages -0- -0-
Other Expenses $331,180.00 $432,873.00
Public Improvement
Salaries and Wages -0- -0-
Other Expenses -0- 331,180.00
Housing
Salaries and Wages 310,993.00 310,993.00
Other Expenses 432,873.00 -0-
TOTAL CDBG 38th YEAR TRANSFER $1,075,046.00 $1,075,046.00
STATEMENT
This legislation allows for the correction of categories and amendments to funding amounts in the CDBG 38th Year.