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File #: 19-1910    Version: Name: ET 3 2019 PROJECTED
Type: Resolution Status: Adopted
File created: 11/27/2019 In control: Administration
On agenda: 1/8/2020 Final action: 1/8/2020
Title: Dept/ Agency: Administration/Office of Management and 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. Amount Transferred: $0.00 Transferred From: Various Departments Transferred To: Various Departments Additional Information: Two-Thirds vote of full membership required.
Sponsors: Council of the Whole
Attachments: 1. 19-1910 certified resolution.pdf

Title

Dept/ Agency:  Administration/Office of Management and 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.

Amount Transferred: $0.00

Transferred From: Various Departments   

Transferred To:  Various Departments           

Additional Information: 

Two-Thirds vote of full membership required.

body

 

ET-#3

                     

WHEREAS, additional funds need to be transferred within various departments to provide sufficient funding until the end of the year; and

 

WHEREAS, N.J.S.A. 40A:4-58, authorizes the Municipal Council, by a two-thirds vote of its full membership, to transfer excess appropriations to those appropriations deemed insufficient.

 

NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

 

1.                     Additional funds are required as shown in the schedule attached.

 

2.                     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:

 

SEE SCHEDULE ATTACHED

 

 

 

STATEMENT

 

Transferring funds within various departments to provide sufficient funding until year-end.  This resolution is to be posted on the books and records of the City of Newark as of December 31, 2019.