Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Funds
Purpose: Transferring funds within various departments to provide sufficient funding until year end (City-wide).
Amount Transferred: $748,500.00
Transferred From: Various Departments
Transferred To: Various Departments
Additional Information:
Two-Thirds vote of full membership required.
body
ET-#3
BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY:
1. That additional funds are required as shown in the schedule below.
2. That the Municipal Council by a two-thirds vote of its full membership, pursuant to N.J.S.A. 40A:4-58, does hereby authorize the transfer of excess appropriations to those appropriations deemed insufficient as set forth below:
FROM: Administration
Business Administrator's Office
Services by Contract or Agreement 300,000.00
(Sheet #15d)
Law
Materials and Supplies 16,500.00
(Sheet #15k)
Finance
Director's Office
Services by Contract or Agreement 200,000.00
(Sheet #15L)
Engineering
Motors
Materials and Supplies 225,000.00
(Sheet #15y)
Economic and Housing Development
Property Management
Services by Contract or Agreement 7,000.00
(Sheet #15ah)
Total External Transfer of Funds $748,500.00
TO: Office of the Mayor and Agencies
Museum
Services by Contract or Agreement $500,000.00
(Sheet #14)
Law
Services by Contract or Agreement 16,500.00
(Sheet #15k)
Engineering
Motors
Services by Contract or Agreement 225,000.00
(Sheet #15y)
Economic and Housing Development
Property Management
Materials and Supplies 7,000.00
(Sheet #15ah)
Total External Transfer of Funds $748,500.00
STATEMENT
Transferring funds within various departments to provide sufficient funding until year end (City-wide).