Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: External Transfer of Funds
Purpose: External Transfer of Reserve Funds will allow the City of Newark to pay outstanding United Service and VP Security bills, and Cash Wavier obligations (All Wards).
Amount Transferred: $670,000.00
Transferred From: Various Departments
Transferred To: Department of Public Works and Unclassified Appropriations
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
Municipal Courts
Salaries and Wages $50,000.00
Sheet #12
DEPARTMENT OF ADMINISTRATION
Office of Information Technology
Salaries and Wages 50,000.00
Sheet #15b
DEPARTMENT OF FINANCE
Director’s Office
Salaries and Wages 50,000.00
Sheet #15d
Division of Accounts and Controls
Salaries and Wages 100,000.00
Sheet #15d
Division of Revenue Collections
Salaries and Wages 50,000.00
Sheet #15d
Office of Assessment
Salaries and Wages 50,000.00
Sheet #15e
DEPARTMENT OF ENGINEERING
Director’s Office
Salaries and Wages 50,000.00
Sheet #15i
Division of Traffic and Signal
Salaries and Wages 75,000.00
Sheet #15i
Division of Public Buildings
Salaries and Wages 25,000.00
Sheet #15i
DEPARTMENT OF ECONOMIC & HOUSING DEVELOPMENT
City Planning
Salaries and Wages 170,000.00
Sheet #15m
Total External Transfer of Reserves $670,000.00
TO: DEPARTMENT OF PUBLIC WORKS
Public Buildings
Services by Contract or Agreement $542,000.00
Sheet #15h
UNCLASSIFIED APPROPRIATIONS
Unclassified Operations
Personnel Services 128,000.00
Sheet # 17
Total External Transfer of Reserves $670,000.00
STATEMENT
This resolution authorizes an External Transfer of Reserves which will allow the City of Newark to pay outstanding United Service and VP Security bills, and Cash Wavier obligations. (All Wards)