Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Appropriation Resolution for Water Utility
Purpose: To provide funds for the operating expenses of the Water Utility
Funding Source: City of Newark/Water Utility
Appropriation Amount: $14,817,275.00
Budget Year: 2015
Contract Period: N/A
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 # N/A
Operating Agency: Water Utility
Two-Thirds vote of full membership required.
body
TAR-#W1
WHEREAS, N.J.S.A. 40A:4-19 provides that where any contracts, commitments or payments are to be made prior to adoption of the 2015 Budget, the Governing Body shall by resolution adopted within the first 30 days of the beginning of the fiscal year, make appropriations to provide for the period between the beginning of the fiscal year and the adoption of the budget for the purposes and amount required in the manner and time therein; and
WHEREAS, for purposes of efficiency and expediency this resolution is passed at this meeting to be effective January 1, 2015 to comply with the thirty day requirement set forth in N.J.S.A. 40A:4-19; and
WHEREAS, 26.25% of the total appropriation in the Water Utility Budget exclusive of any appropriations made for Debt Service Capital and Relief Fund Contributions in the 2014 Budget is the sum of $14,817,275.00.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The following temporary appropriations are made, and that a certified ...
Click here for full text