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File #: R-25-384    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/29/2025 In control: Mayor and Council of Princeton
On agenda: 11/10/2025 Final action: 11/10/2025
Title: Resolution of the Mayor and Council of Princeton Approving Transfers in Accordance with N.J.S.A. 40A:4-58 Current Fund Appropriations
Attachments: 1. memo mayor & council transfer nov 2025.pdf

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Resolution of the Mayor and Council of Princeton Approving Transfers in Accordance with N.J.S.A. 40A:4-58 Current Fund Appropriations

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WHEREAS, there appears a surplus in the following attached accounts over and above the demand deemed to be necessary for the balance of the current year.

NOW THEREFORE, BE IT RESOLVED by the Mayor and Council of Princeton, County of Mercer, State of New Jersey that in accordance with the provisions of N.J.S.A. 40A:4-58, part of the surplus in the accounts heretofore mentioned be and are hereby transferred to the accounts mentioned as being insufficient to meet the current demands, and the Chief Financial Officer is hereby authorized to do so.

From                                                                                                                              To
Administration - OE
                                                                                    Legal Services & Costs - OE                                          $300,000
Administration - OE
                                                                                    Roads Repairs & Maint. - OE                     $  75,000
Administration - OE
                                                                                    Buildings & Grounds - OE                                          $  50,000
Administration - OE
                                                                                    Vehicle Maintenance - OE                                          $  25,000
Administration - OE
                                                                                    Sewer Operating - OE                                          $  40,000
Salary & Wage Adjustment
                                                               Human Services - S&W                                          $  10,000
Administration - OE
                                                                                    Human Services - OE                                                               $  25,000
Police S&W
                                                                                                         Police - OE                                                                                    $160,000
Engineering - S&W
                                                                                    Engineering - OE                                                               $  55,000
Information Technology - S&W
                                          Information Technology - OE                     $  20,000

NOW, THEREFORE, BE IT RESOLVED:

That a certified copy of this Resolution be forwarded by the Clerk to the Chief Financial Officer and subsequently sent to the Department of Community Affairs, Division of Local Government Services.