[HISTORY: Adopted by the Mayor and Council of the City of
Hoboken 5-6-1964 by Ord. No. 206. Amendments noted where applicable.]
GENERAL REFERENCES
Purchasing — See Ch. 60.
A.
The Business Administrator[1] 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.
B.
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]
A.
The Business Administrator may authorize special emergency appropriations
for the purposes provided by law (N.J.S.A. 40A:4-53).
B.
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).
