Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Reserve Funds
Purpose: External Transfer of Reserves Funds will allow the City of Newark to pay outstanding obligations.
Amount Transferred: $16,769,000.00
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
Municipal Courts
Salaries and Wages $537,000.00
Sheet #12
MOET
Other Expenses 375,000.00
Sheet #13
DEPARTMENT OF PUBLIC WORKS
Division of Sanitation
Salaries and Wages 550,000.00
Sheet #15f
Division of Public Buildings
Salaries and Wages 300,000.00
Sheet #15f
DEPARTMENT OF ENGINEERING
Division of Traffic and Signals
Other Expenses 969,000.00
Sheet #15g
DEPARTMENT OF RECREATION, CULTURAL AFFAIRS AND SENIOR SERVICES
Division of Recreation
Salaries and Wages $371,780.00
Other Expenses 250,000.00
Sheet #15l
Division of Senior Services
Other Expenses 200,000.00
Sheet #15l
UNCLASSIFIED OPERATIONS
Medical Insurance 2,725,000.00
Prescription Insurance 1,200,000.00
Retroactive Salary 4,200,000.00
Adjustment to Personnel Compensation 4,983,220.00
Displaced Parking 108,000.00
Sheet #...
Click here for full text