|
Title:
|
Dept/ Agency: Administration/Office of Management and Budget
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for pensions and capital improvements until the adoption of the 2017 Operating Budget for the City of Newark
Funding Source: City of Newark Budget
Appropriation Amount: $35,533,747.18
Budget Year: 2017 Budget
Contract Period: January 1, 2017 through March 31, 2017
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Funds accepted by Resolution 7R1-d adopted January 5, 2017
Operating Agency: Department
Two-Thirds vote of full membership required.
|
Title
Dept/ Agency: Administration/Office of Management and Budget
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for pensions and capital improvements until the adoption of the 2017 Operating Budget for the City of Newark
Funding Source: City of Newark Budget
Appropriation Amount: $35,533,747.18
Budget Year: 2017 Budget
Contract Period: January 1, 2017 through March 31, 2017
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Funds accepted by Resolution 7R1-d adopted January 5, 2017
Operating Agency: Department
Two-Thirds vote of full membership required.
body
WHEREAS, pursuant to N.J.S.A. 40A:4-19 the Municipal Council of the City of Newark adopted resolution 7R1-d dated January 5, 2017 to provide funds for the period January 1, 2017 to March 31, 2017 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from January 1, 2017 to March 31, 2017, until the adoption of the budget; and
WHEREAS, N.J.S.A. 40A:4-20 provides that the Governing Body by a two-thirds vote may make temporary emergency appropriations for any purpose for which appropriations may lawfully be made for the period between the beginning of the current fiscal year and the date of the adoption of the budget for said year; and
WHEREAS, the emergency appropriations adopted in 2017 pursuant to N.J.S.A. 40A:4-20 including this resolution total................................................$35,533,747.18
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Governing Body by a two-thirds vote of its full membership hereby amends its temporary budget by making the following emergency temporary appropriations:
Salaries Other
Department & Wages Expenses Total
DEFFERRED CHARGES
AND STATUTORY
EXPENDITURES AND
MANDATORY ITEMS
Police & Fire $28,589,706.17 -$0- $28,589,706.17
Retirement System
Public Employees'
Retirement System 6,863,916.01 -0- 6,863,916.01
Capital Improvements -0- 80,125.00 80,125.00
TOTAL $35,453,622.18 80,125.00 $35,533,747.18
2. This action will take effect on January 1, 2017.
3. A copy of this resolution shall be immediately filed with the Director of Local Government Services by the City Clerk of the City of Newark.
STATEMENT
This Temporary Emergency Resolution will provide funds for the period of January 1, 2017 through March 31, 2017, until the adoption of the 2017 Municipal Budget.