Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Funds
Purpose: External Transfer of Reserves Funds will allow the City of Newark to pay outstanding payroll, contractual and PSE&G obligations.
Amount Transferred: $2,993,000.00
Transferred From: Various Departments
Transferred To: Office of the City Clerk, Department of Fire and Department of Engineering
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: DEPARTMENT OF ADMINISTRATION
Business Administrator's Office
Services by Contract or Agreement $297,600.00
Sheet #15d
Office of Management and Budget
Salaries and Wages 4,770.00
Sheet #15e
DEPARTMENT OF FINANCE
Director's Office
Other Pay 4,630.00
Services by Contract or Agreement 334,000.00
Sheet #15l
Tax Abatement and Special Taxes
Services by Contract or Agreement 100,000.00
Sheet #15p
DEPARTMENT OF POLICE
Director's Office
Other Pay 393,000.00
Equipment 33,000.00
Sheet #15s
DEPARTMENT OF ENGINEERING
Public Buildings
Other Pay 10,000.00
Sheet #15x
DEPARTMENT OF CHILD & FAMILY WELL-BEING
Environmental Health
Salaries and Wages 40,000.00
Sheet #15ac
Social Services
Salaries and Wages 10,000.00
Sheet #15af
DEPARTMENT OF NEIGHBORHOOD AND
RECREATIONAL SERVICES
Parks and Grounds
Salaries and Wages 20,000.00
Sheet #15ao
UNCLASSIFIED OPERATIONS
Adjustment to Personnel Compensation 100,000.00
Other Public Employees Benefit (OPEB) 100,000.00
Homeownership Program 46,000.00
Media Services 300,000.00
Sheet #17
STATUTORY ITEMS
Old Age Survivors Insurance, Social Security-City 1,200,000.00
Sheet #19
Total External Transfer of Reserves $2,993,000.00
TO: OFFICE OF THE CITY CLERK & MUNICIPAL COUNCIL
City Clerk
Services by Contract or Agreement $393,000.00
Sheet #14
DEPARTMENT OF FIRE
Director's Office
Other Pay $600,000.00
Sheet #15s
DEPARTMENT OF ENGINEERING
Traffic and Signals
Services by Contract or Agreement 2,000,000.00
Sheet # 15x
Total External Transfer of Reserves $2,993,000.00
STATEMENT
This External Transfer of Reserves will allow the City of Newark to pay outstanding payroll, contractual and PSE&G obligations.