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 the operating expenses until the adoption of the 2017 Operating Budget for the City of Newark, and Water and Sewer Utilities.
Funding Source: City of Newark Budget
Appropriation Amount: $47,523,123.00
Budget Year: 2017
Contract Period: May 1, 2017 through May 31, 2017
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
Additional Information:
Funds accepted by Resolution
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE-#23
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 through March 31, 2017 and Resolution 7R-i adopted March 15, 2017 to provide funds for the period April 1, 2017 through April 30, 2017 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from May 1, 2017 through May 31, 2017 until the adoption of 2017 Operating Budget; and
WHEREAS, a previous resolution authorizing TE #22 and prior emergency appropriations submitted for Municipal Council approval totaled $120,387,245.18; 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, TE #23 is to provide funds for the period of May 1, 2017 through May...
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