Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Reserve Funds
Purpose: To provide an External Transfer of Reserves Funds will allow the City of Newark to pay outstanding obligations.
Amount Transferred: $1,755,000.00
Transferred From: Various Departments
Transferred To: Various Departments
Additional Information:
Two-Thirds vote of full membership required.
body
ETR #1
WHEREAS, N.J.S.A. 40A:4-59 provides for appropriation transfers during the first three (3) months of the current year's budget, in order to satisfy claims authorized or incurred during the preceding year's budget.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. Not less than two-thirds of all members thereof affirmatively concur.
2. Additional funds are required as shown in the schedule below.
3. Pursuant to N.J.S.A. 40A:4-59, transfers of appropriations be and are hereby authorized as follows:
FROM: OFFICE OF THE MAYOR AND AGENCIES AMOUNT
Mayor's Office
Salaries and Wages $69,000.00
Sheet #12
Municipal Courts
Salaries and Wages 486,000.00
Sheet #12
DEPARTMENT OF ADMINISTRATION
Office of Business Administrator
Other Expenses 50,000.00
Sheet #15
Office of Violence Prevention
Salaries and Wages 650,000.00
Sheet #15
DEPARTMENT OF FINANCE
Director's Office
Other Expenses 250,000.00
Sheet #15c
Division of Revenue Collection
Salaries and Wages 100,000.00
Sheet #15c
DEPARTMENT OF HEALTH AND COMMUNITY WELLNESS
Director's Office
Salaries and Wages 100,000.00
Sheet #15h
Division of Social Services
Salaries and Wages 50,000.00
Sheet #15i
Total External Transfer of Reserves Funds $1,755,000.00
TO: DEPARTMENT OF...
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