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: $40,574,824.00
Budget Year: 2014
Contract Period: May 1, 2014 through May 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
TE-#14
WHEREAS, pursuant to N.J.S.A. 40A:4-19, the Municipal Council of the City of Newark adopted Resolution 7R1-d dated December 18, 2013, to provide funds for the period January 1, 2014 through March 31, 2014, and Resolution 7R1-k dated March 5, 2014, to provide funds from February 1, 2014 through February 28, 2014, to adequately fund the City's pensions and 7R1-k dated April 2, 2014, to provide funds for the period April 1, 2014 through April 30, 2014, until the adoption of the Operating Budget of the City of Newark, New Jersey; and
WHEREAS, additional appropriations will be required from May 1, 2014 through May 31, 2014, 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 2014 pursuant to N.J.S.A.: 40A:4-20, including this resolution total................................
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