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RESOLUTION CANCELLING GENERAL CAPITAL FUND APPROPRIATION BALANCES PURSUANT TO N.J.S.A. 40A:4-60
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WHEREAS the County of Passaic (the “County”) is a government body incorporated pursuant to N.J.S.A. 40:18-1, et seq. and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1 the Board of Chosen Freeholders for the County of Passaic (hereinafter the “Board”) is vested with decision making powers on behalf of the County; and
WHEREAS, pursuant to N.J.S.A. 40A:4-60, any unexpended balances of appropriations may, by resolution of the Board, be canceled prior to the end of the fiscal year; and
WHEREAS, the Chief Financial Officer has reviewed the General Capital Fund appropriations and authorized debt, as set forth herein, and is recommending to the Board that same be cancelled as they are no longer needed for the purposes in which they were appropriated; and
WHEREAS, this matter was discussed at the November 8, 2024 meeting of the Administration and Finance Committee and is being recommended to the Board for approval; and
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40A:4-60 that the Board of Chosen Freeholders of the County of Passaic authorizes the Chief Financial Officer to cancel the following General Capital Fund appropriations balances and authorized debt as it relates to ordinance 2024-06:
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Project |
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Amount |
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C-04-55-186-001-901 |
PCCC ESIP |
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$2,490,000 |
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LET IT BE FURTHER RESOLVED that the Chief Financial Officer and County Treasurer are authorized to take any action necessary to carry out the purpose of this resolution.
November 18, 2024