Title
Dept/ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( ) Amending
Purpose: Establishing 2017 Petty Cash Funds and Designating Bonded Custodians
Period: January 1, 2017 through December 31, 2017
Total Amount: $8,000.00
Additional Information:
See Exhibit for custodians and amounts
body
WHEREAS, N.J.S.A. 40A:5-21 authorizes the establishment of a Petty Cash Fund in any county or Municipality by application and resolution; and
WHEREAS, it is the desire of the City of Newark, County of Essex to establish such a fund for the following departments and agencies within the City of Newark totaling $8,000.00 (Eight Thousand Dollars and Zero Cents), for the Year 2017; and
WHEREAS, the previous custodians of the Petty Cash Funds for the Office of the Mayor and Agencies, Department of Water and Sewer Utilities, and Department of Law were Amber Santana, Sharon Armour, and Willie Parker respectively; and
WHEREAS, in accordance with N.J.S.A. 40:5-21, the City desires to change the custodians of the 2017 Petty Cash Funds for the Office of the Mayor and Agencies, Department of Water &and Sewer Utilities, and Department of Law, as follows:
Madalyn Roque, Office of the Mayor and Agencies
Latesha Jessamy, Department of Water and Sewer Utilities
Kenyatta Stewart, Department of Law
WHEREAS, the custodians listed below for this fund are bonded and shall maintain records for this fund in a manner conducive to proper accounting and auditing procedures.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF
THE CITY OF NEWARK, NEW JERSEY, THAT:
1. Pursuant to N.J.S.A. 40A:5-21, the Mayor and/or his designee, the Director of the Department of Finance, are hereby authorized and directed to establish a Petty Cash Fund for the following departments and agencies within the City of Newark totaling $8,000.00 (Eight Thousand Dollars and Zero Cents), to be maintained by the following Bonded C...
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