[HISTORY: Adopted by the Mayor and Council of the City of Hoboken 5-6-1964 by Ord. No. 206. Amendments noted where applicable.]
Purchasing — See Ch. 60.
The Business Administrator shall supervise the administration of each annual budget. In consultation with department heads, he shall establish quarterly or such other periodic allotments or appropriations as he may deem necessary. Such allotment schedule shall be filed with the City Clerk and the Director of Revenue and Finance. Each department shall plan and administer its expenditure program with the limits of such allotments.
If at any time during the budget year the Business Administrator shall ascertain that the City government is faced with the probability of incurring a cash deficit for the current year, he shall reconsider the work programs and allotments of the several departments. Upon such reconsideration and with the approval of the Mayor, he may revise budget allotments so as to forestall, so far as possible, the making of commitments and expenditures in excess of the revenues to be realized during the fiscal year. He shall file with the Director of Revenue and Finance and the City Clerk a copy of such revised allotment, and the Director of Revenue and Finance shall control all expenditures within the limits thereof.
[Added 4-17-2002 by Ord. No. DR-33]
The Business Administrator may authorize special emergency appropriations for the purposes provided by law (N.J.S.A. 40A:4-53).
The authorization to finance the appropriation shall be provided for in succeeding annual budgets by the inclusion of at least 1/5 of the amount authorized pursuant to this section (N.J.S.A. 40A:4-55).