Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: To provide funds for operating expenses until the adoption of the 2014 Operating Budget for the City of Newark.
Funding Source: City of Newark Budget
Appropriation Amount: $128,194,981.00
Budget Year: 2014
Contract Period: January 1, 2014 to March 31, 2014
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: All Departments
Two-Thirds vote of full membership required.
body
TAR #1
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 2014 Budget, the Governing Body shall by a two-thirds vote adopt 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, 2014 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 Budget exclusive of any appropriations made for Debt Service, Capital and Relief Fund Contributions in the 2013 Budget is the sum of $128,194,981.00.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. That the following temporary appropriations are made, and that a certified copy of this resolution is transmitted to the Chief Financial O...
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