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File #: R-25-422    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/15/2025 In control: Mayor and Council of Princeton
On agenda: 12/22/2025 Final action: 12/22/2025
Title: Resolution of the Mayor and Council of Princeton Approving Transfers in Accordance with N.J.S.A. 40A:4-58 Current Fund & Parking Utility Fund Appropriations
Attachments: 1. Memo Mayor & Council Transfer Dec 25.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 & Parking Utility 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:


Information Technology - S&W
                     Information Technology - OE                     $  30,000
Group Insurance for Employees
                     Information Technology - OE                     $  75,000
Administration - OE
                                                                      Water                                                                                                $    2,000

Parking Utility
Parking - S&W
                                                                           Parking  - OE                                                                                    $  30,000

BE IT FURTHER RESOLVED that a certified copy of this resolution be forwarded by the Municipal Clerk to the Chief Financial Officer.