Title
Dept/ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( ) Amending
Purpose: Establishing Petty Cash Funds
Period: January 1, 2018 through December 31, 2018
Total Amount: $8,750.00
Additional Information:
See Exhibit for custodians and amounts
body
WHEREAS, N.J.S.A. 40:5-21 authorizes the establishment of a Petty Cash Fund in any county or municipality by application and resolution; and
WHEREAS, it is the desire of the City of Newark, County of Essex to establish such a fund for the following departments and agencies within the City of Newark, totaling $8,750.00 (Eight Thousand Seven Hundred Fifty Dollars and Zero Cents), for the Year 2018; and
WHEREAS, the Department of Public Works was established in 2016, it desires to receive Petty Cash funds in the amount of $8,750.00 and the custodian for the Department is Khalif Thomas; and
WHEREAS, the custodians listed below for this fund are bonded and shall maintain records for this fund in a manner conducive to proper accounting and auditing procedures.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWAK, NEW JERSEY, THAT:
1. Pursuant to N.J.S.A. 40A:5-21, the Mayor and/or his designee, the Director of the Department of Finance, are hereby authorized and directed to establish a Petty Cash Fund for the following departments and agencies within the City of Newark, totaling $8,750.00 (Eight Thousand Seven Hundred Fifty Dollars and Zero Cents), to be maintained by the following Bonded Custodians for the Calendar Year 2018:
DEPARTMENT/DIVISION CUSTODIAN AMOUNT
Department of Administration
Office of Management and Budget Darlene Tate $500.00
Division of Office Services Gloria Valentine Westry $200.00
Department of Engineering
Director's Office Felicia Nazon $250.00
Division of Motors Van L. Crossen $1,000.00
Department of Public Safety
Division ...
Click here for full text