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.
Funding Source: City of Newark Budget
Appropriation Amount: $7,279,528.00
Budget Year: 2017
Contract Period: February 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 (X) n/a
Additional Information:
Funds accepted by Resolution
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE- #10
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, until the adoption of the 2017 Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from February 1, 2017 through March 31, 2017, until the adoption of the 2017 Operating Budget; and
WHEREAS, a previous resolution authorizing TE # 9 and prior Emergency Appropriations submitted for Municipal Council approval totaled $47,393,960.18; 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 # 10 is to provide funds for the period of February 1, 2017 through March 31, 2017; and
WHEREAS, the emergency appropriations adopted in 2017 pursuant to N.J.S.A. 40A:4-20 including this resolution total........
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