File #: 12-2343    Version: 1 Name: ET # 3 Transferring funds within various departments.
Type: Resolution Status: Filed
File created: 12/10/2012 In control: Administration
On agenda: 12/19/2012 Final action: 12/19/2012
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.
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).