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RESOLUTION AUTHORIZING THE CHIEF FINANCIAL OFFICER TO EXECUTE BUDGET TRANSFERS BETWEEN 2024 BUDGET APPROPRIATIONS, PURSUANT TO N.J.S.A. 40A:4-58
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WHEREAS the County of Passaic (hereafter “County”) adopts a yearly budget in compliance with N.J.S.A. 40A:4-1, et seq., commonly known as the Local Budget Law; and
WHEREAS, pursuant to N.J.S.A. 40A:4-58, Should it become necessary, during the last 2 months of the fiscal year, to expend for any of the purposes specified in the budget an amount in excess of the respective sums appropriated therefor and there shall be an excess in any appropriations over and above the amount deemed to be necessary to fulfill the purpose of such appropriation, the governing body may, by resolution setting forth the facts, adopted by not less than 2/3 vote of the full membership thereof, transfer the amount of such excess to those appropriations deemed to be insufficient; and
WHEREAS there is a need for transfers to be made; and
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40A:4-58, that the following transfer of budget appropriations within the 2024 County budget are approved:
|
ACCOUNT |
TITLE |
FROM |
TO |
|
4-01-20-106-001-101 |
PERSONNEL - Salary & Wage |
4,000 |
|
|
4-01-22-130-002-101 |
SHERIFF'S PATROL - Salary & Wage |
300,000 |
|
|
4-01-27-172-001-101 |
PREAKNESS HOSPITAL - Salary & Wage |
2,300,000 |
|
|
4-01-22-130-001-101 |
SHERIFF'S OFFICE - Salary & Wage |
|
300,000 |
|
4-01-22-135-001-101 |
BOARD OF TAXATION - Salary & Wages |
|
4,000 |
|
4-01-27-172-001-213 |
PREAKNESS HOSPITAL - Other Expenses |
|
2,300,000 |
|
|
|
|
|
|
|
TOTAL |
$ 2,604,000 |
$ 2,604,000 |
LET IT BE FURTHER RESOLVED that the Chief Financial Officer of the County of Passaic is authorized to take any and all action necessary as of November 1st, 2024, to effectuate the purposes of this resolution.
RC/md October 22, 2024