Asbury Park
NJ

Resolution
2017-350

Resolution Authorizing the Transfer of Appropriations in the Fiscal Year 2017 Budget

Information

Department:FinanceSponsors:
Category:Budget

Attachments

  1. Printout

Body

WHEREAS, it has been determined that various line items within the 2017 fiscal year operating budget need additional funds to cover these expenditures; and,

 

WHEREAS, it has also been determined that sufficient balances remain in various expense accounts to cover these expenditures; and,

 

WHEREAS, New Jersey Statute 40A:4-58 allows for the transfer of funds between line items during the two months during the fiscal year and the first three months of the following year.

 

NOW, THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Asbury Park that the Chief Financial Officer is hereby authorized to make the following budget transfers:

 

                                                                                                  From                                          To

 

Current Fund:

  Legal Services Other Expenses                            $10,000.00

  Tax Assessor Other Expenses                                                               $10,000.00

Sewer Utility Fund:

  Bond Interest                                                            9,000.00

  Note Interest                                                                                              9,000.00

                                                                                                                                                                                                                                                                                                                                            

BE IT FURTHER RESOLVED that the City Clerk is hereby instructed to provide a certified copy to the Chief Financial Officer and the City Auditor.

 

 

Meeting History

Nov 21, 2017 7:00 PM  Municipal Council Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Amy Quinn, Deputy Mayor
SECONDER:Jesse Kendle, Councilmember
AYES:Eileen Chapman, Yvonne Clayton, Jesse Kendle, Amy Quinn, John Moor