Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Transfer of CDBG Funds
Purpose: Reprogramming of Funds (City-wide)
Funding Source: Within various CDBG 40th Year projects
Amount Transferred: $ 1,012,500.00
Transferred From: Demolition and CURA
Transferred To: Demolition and CURA
Additional Information:
Two-Thirds vote of full membership required.
body
TR # 1
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The transfer of funds is required as shown in the schedule below.
2. Said transfers are hereby authorized as required by Ordinance 6S&Fd adopted on April 16, 1980, providing that all transfers of Community Development Block Grant funds be authorized by this body.
PROJECT FROM TO
Community Development Block Grant 40th Year
DEMOLITION
Demolition
Salaries and Wages -0- 100,000
Other Expenses 1,000,000 900,000
GENERAL SERVICES
Communidad Unida Para Rehabilitacion de Adictos (CURA)
Salaries and Wages -0- -0-
Other Expenses 12,500 -0-
PUBLIC FACILITIES
Communidad Unida Para Rehabilitacion de Adictos (CURA)
Salaries and Wages -0- -0-
Other Expenses -0- 12,500
TOTAL CDBG 40th YEAR TRANSFER $1,012,500 $1,012,500
STATEMENT
This legislation allows for the reprogramming of funds in the Demolition Project to establish another pay account and the CURA project, to correct the category from General Services to Public Facilities. (City-wide)