Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for operating expenses until the adoption of the 2012 Operating Budget for the City of Newark. (City-Wide)
Funding Source: The City of Newark Budget
Appropriation Amount: $36,579,406.00
Budget Year: 2012
Contract Period: June 1, 2012 to June 30, 2012
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:
All Wards
Funds accepted by Resolution # n/a
Operating Agency: All Departments
Two-Thirds vote of full membership required.
body
TE-#28
WHEREAS, pursuant to N.J.S.A. 40A:4-19 the Municipal Council of the City of Newark, New Jersey adopted Resolution 7R1-aa(as) dated December 21, 2011, to provide funds for the period January 1, 2012 through March 31, 2012 and Resolution 7R1-ab dated April 4, 2012, to provide funds from April 1, 2012 through April 30, 2012, and TE #28 scheduled for the May 16, 2012 Municipal Council Meeting to provide funds from May 1, 2012 through May 31, 2012, until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from June 1, 2012 through June 30, 2012, 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 2012 pursuant to N.J.S.A. 40A:4-20 including this resolution total………………$185,501,057.63.00...
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