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 until the adoption of the 2022 Operating Budget for the City of Newark.
Funding Source: City of Newark Budget
Appropriation Amount: $71,287,670.00
Budget Year: 2022
Contract Period: January 1, 2022 through March 31, 2022
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE#15
WHEREAS, pursuant to N.J.S.A. 40A:4-19 the Municipal Council of adopted resolution 7R1-b dated January 5, 2022 to provide funds for the period January 1, 2022 through March 31, 2022 until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from January 1, 2022 through March 31, 2022, 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 2022 pursuant to N.J.S.A. 40A:4-20 including this Resolution total................................................$97,570,250.88.
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:
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